How do shifts in intra-household gender dynamics affect the economy at large? This paper parametrizes intra-household gender-powered decision-making and endogenous distributions of income to allow for the aggregation of key macroeconomic variables. In equilibrium, we find that greater women's...

The Economist magazine has been publishing the Big Mac Index using it as a rule of thumb to determine the over- or under-valuation of international currencies based on the theory of Purchasing Power Parity since 1986. According to the theory, using the Big Mac as a tradable single-good basket,...

This article explores the aggregate effects of women's empowerment on intra- and intertemporal household choices within a Bewley-style heterogeneous agent framework to aggregate household level decisions into macroeconomic variables. Emphasis is placed on the role of attitudes towards risk and...

An empirical regularity in the US business cycles is that in recessions men's unemployment rate rises faster than women. This stylized-fact raises both empirical and theoretical questions. The notion of such distinctive pattern in the data is addressed with another regularity through an...

It is well-known that there exist gender differentials in the labor market in the US and during different stages of business cycles in the US, men, and women in the labor market react differently. In this paper, we theoretically frame the labor market dynamics under a Diamond-Mortensen...