Daniel Murphy
    • Curriculum Vitae [PDF ]

    Publications

    • "Government Spending and Interest Rates" (with Kieran Walsh), forthcoming, Journal of International Money and Finance Paper,
    • "Inequality, Fiscal Policy and COVID19 Restrictions in a Demand-Determined Economy" (with Alan Auerbach and Yuriy Gorodnichenko), European Economic Review, 137(2021): 103810. Paper
    • "Effects of Fiscal Policy on Credit Markets" (with Alan Auerbach and Yuriy Gorodnichenko), AEA Papers and Proceedings, 110(2020): 119-124. Paper
    • "Local Fiscal Multipliers and Fiscal Spillovers in the United States" (with Alan Auerbach and Yuriy Gorodnichenko), IMF Economic Review, 68 (2020): 195-229. Paper
    • "Drilling and Debt" (with Erik Gilje and Elena Loutskina), Journal of Finance, 75:1287-1325. Paper
    • "Fiscal Stimulus and Consumer Debt" (with Yuliya Demyanyk and Elena Loutskina), Review of Economics and Statistics, 101(4) (2019): 728-741. Paper
    • "Macroeconomics and the Law" (with Yair Listokin) Annual Review of Law and Social Science, 15 (2019):377-396. Paper
    • "Demand Complementarities and Cross-Country Price Differences", Canadian Journal of Economics, 52(1) (2019): 253-279. Paper
    • "Home Production, Expenditure, and Economic Geography", Regional Science and Urban Economics 70 (2018): 112-126. Paper
    • "Savings Policy and the Paradox of Thrift" (with Andrew Hayashi), Yale Journal on Regulation 34 (2017): 743-790.
    • "Excess Capacity in a Fixed Cost Economy", European Economic Review 91 (2017):245-260. Paper
    • "Welfare Consequences of Asymmetric Growth", Journal of Economic Behavior and Organization 126 (2016):1-17.Lead article. Paper
    • "How Can Government Spending Stimulate Consumption?", Review of Economic Dynamics, 18 (2015):551-574. Paper
    • "The Role of Inventories and Speculative Trading in the Global Market for Crude Oil" (with Lutz Kilian), Journal of Applied Econometrics, 29(3), April 2014, 454-478. Paper
    • "Why Agnostic Sign Restrictions Are Not Enough: Understanding the Dynamics of Oil Market VAR Models" (with Lutz Kilian), Journal of the European Economic Association (2012), 10(5): 1166-1188. Paper
    • "Why Do Boomers Plan To Work Longer?" (with Gordon Mermin and Richard Johnson), Journal of Gerontology: Social Sciences (2007), 62B(5): S286-S294

    Working Papers and Works in Progress

    • "Fiscal Multipliers in the COVID19 Recession" (with Alan Auerbach, Yuriy Gorodnichenko, and Peter McCrory) Paper
    • "National Housing Cycles, Borrowing Costs, and Gentrification" Paper
    • "Government Debt Limits and Stabilization Policy" (with Eric Young) Paper
    • "Macroeconomic Frameworks: Reconciling Evidence and Model Predictions from Demand Shocks" (with Alan Auerbach and Yuriy Gorodnichenko), Revise and Resubmit Paper
    • "A Model of Expenditure Shocks" (with Jorge Miranda-Pinto, Kieran Walsh, and Eric Young, previously circulated under the title "Saving-Constrained Households") Paper
    • "Saving Constraints, Debt, and the Credit Market Response to Fiscal Stimulus" (with Jorge Miranda-Pinto, Kieran Walsh, and Eric Young, Revise and Resubmit Paper

    Other

    • Urban Institute Publications