Unintended Consequences of Unemployment Insurance Benefits: The Role of Banks
References
- (2018) How much do idiosyncratic bank shocks affect investment? Evidence from matched bank-firm loan data. J. Political Econom. 126(2):525–587.Crossref, Google Scholar
- (2024) Unemployment insurance and macro-financial (in)stability. Working paper, University of Liverpool, Liverpool, UK.Google Scholar
- (1999) Deposits and relationship lending. Rev. Financial Stud. 12(3):579–607.Crossref, Google Scholar
- (1993) Unemployment Insurance in the United States: The First Half Century (W.E. Upjohn Institute for Employment Research, Kalamazoo, MI).Google Scholar
- (2021) Unemployment insurance generosity and aggregate employment. Amer. Econom. J. Econom. Policy 13(2):58–99.Crossref, Google Scholar
- Brown J, Matsa DA (2020) Locked in by leverage: Job search during the housing crisis. J. Financial Econom. 136(3):623–648.Google Scholar
- (2008) Moral hazard vs. liquidity and optimal unemployment insurance. J. Political Econom. 116(2):173–234.Crossref, Google Scholar
- Chodorow-Reich G, Coglianese J, Karabarbounis L (2019) The macro effects of unemployment benefit extensions: A measurement error approach. Quart. J. Econom. 134(1):227–279.Google Scholar
- (2015) Do unemployment insurance extensions reduce employment? Role of macro effects. Report, Federal Reserve Bank of New York, New York.Google Scholar
- (2017) Unemployment insurance as an automatic stabilizer: The financial channel. Harvard Business School Finance Working paper, Harvard Business School, Boston.Google Scholar
- Doerr S, Kabas G, Ongena S (2023) Population aging and bank risk-taking. J. Financial Quant. Anal. 1–25.Google Scholar
- (2017) The deposits channel of monetary policy. Quart. J. Econom. 132(4):1819–1876.Crossref, Google Scholar
- (2021) Banking on deposits: Maturity transformation without interest rate risk. J. Finance 76(3):1091–1143.Crossref, Google Scholar
- (2010) Minimum wage effects across state borders: Estimates using contiguous counties. Rev. Econom. Statist. 92(4):945–964.Crossref, Google Scholar
- (2001) Unemployment insurance and precautionary saving. J. Monetary Econom. 47(3):545–579.Crossref, Google Scholar
- (2015) Do extended unemployment benefits lengthen unemployment spells?: Evidence from recent cycles in the us labor market. J. Human Resources 50(4):873–909.Crossref, Google Scholar
- (2005) Precautionary savings and self-selection: Evidence from the German reunification “experiment”. Quart. J. Econom. 120(3):1085–1120.Google Scholar
- (2016) Exporting liquidity: Branch banking and financial integration. J. Finance 71(3):1159–1184.Crossref, Google Scholar
- (2002) Consumption over the life cycle. Econometrica 70(1):47–89.Crossref, Google Scholar
- (1997) The consumption smoothing benefits of unemployment insurance. Amer. Econom. Rev. 87(1):192–205.Google Scholar
- (2015) The impact of unemployment benefit extensions on employment: The 2014 employment miracle? NBER Working Paper No. 20884, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- Hagedorn M, Karahan F, Manovskii I, Mitman K (2013) Unemployment benefits and unemployment in the great recession: The role of macro effects. NBER Working Paper No. 19499, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (1992) The role of unemployment insurance in an economy with liquidity constraints and moral hazard. J. Political Econom. 100(1):118–142.Crossref, Google Scholar
- (2015) Banks as patient fixed-income investors. J. Financial Econom. 117(3):449–469.Crossref, Google Scholar
- (1997) Financial intermediation, loanable funds, and the real sector. Quart. J. Econom. 112(3):663–691.Crossref, Google Scholar
- (2018) Depositors disciplining banks: The impact of scandals. Chicago Booth Research Paper No. 28, City University London - The Business School, London.Google Scholar
- (2018) Unemployment insurance as a housing market stabilizer. Amer. Econom. Rev. 108(1):49–81.Crossref, Google Scholar
- (2010) Bank lending during the financial crisis of 2008. J. Financial Econom. 97(3):319–338.Crossref, Google Scholar
- (2012) Understanding bank runs: The importance of depositor-bank relationships and networks. Amer. Econom. Rev. 102(4):1414–1445.Crossref, Google Scholar
- (2008) Tracing the impact of bank liquidity shocks: Evidence from an emerging market. Amer. Econom. Rev. 98(4):1413–1442.Crossref, Google Scholar
- (2016) Should unemployment insurance vary with the unemployment rate? Theory and evidence. Rev. Econom. Stud. 83(3):1092–1124.Crossref, Google Scholar
- (2015) Market externalities of large unemployment insurance extension programs. Amer. Econom. Rev. 105(12):3564–3596.Crossref, Google Scholar
- (2018) A macroeconomic approach to optimal unemployment insurance: Theory. Amer. Econom. J. Econom. Policy 10(2):152–181.Crossref, Google Scholar
- (2016) The role of automatic stabilizers in the us business cycle. Econometrica 84(1):141–194.Crossref, Google Scholar
- Oster E (2019) Unobservable selection and coefficient stability: Theory and evidence. J. Bus. Econom. Statist. 37(2):187–204.Google Scholar
- (1996) Financial dependence and growth. NBER Working Paper No. 5758, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (2012) The effects of extended unemployment insurance over the business cycle: Evidence from regression discontinuity estimates over 20 years. Quart. J. Econom. 127(2):701–752.Crossref, Google Scholar
- (1998) An adverse selection model of bank asset and liability management with implications for the transmission of monetary policy. RAND J. Econom. 29(3):466–486.Crossref, Google Scholar

