Unveiling u*: A State-level Approach

This paper provide a nuanced understanding of the structural underpinnings of unemployment and offers policymakers a more accurate framework for analyzing unemployment dynamics.

April 2024 · Nicholas Pusateri

Human Capital Heterogeneity of the Unemployed and Jobless Recoveries

This paper demonstrate that the extent to which unemployed human capital is heterogeneous and specific, rather than homogeneous and general, plays a key role in the labor market, accounting for a significant share of joblessness in the pre-COVID era.

February 2023 · Nicholas Pusateri

Turmoil of the Times: Measuring the Impact of the Nixon Shock on R&D

On August 15, 1971, President Nixon ended the convertibility of dollars into gold for foreign holders of US currency. This event—known as the “Nixon Shock”—increased the cost of irreversible investment projects and, in turn, decreased private R&D.

April 2018 · Nicholas Pusateri, Caleb S. Fuller

A Holistic Approach to Merger Models with an Emphasis on Heterogeneity

This paper constructs a more holistic model of M&A activity to produce accurate estimates of merger and acquisition determinants and reveal the bias of previous estimation techniques.

March 2018 · Nicholas Pusateri, Caleb S. Fuller