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Author: Monique Ebell

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CEP discussion paper
Real Origins of the Great Depression: Monopoly Power, Unions and the American Business Cycle in the 1920s

We attempt to explain the severe 1920-21 recession, the roaring 1920s boom, and the slide into the Great Depression after 1929 in a unified framework. The model combines monopolistic product market competition with searc...Read more...

Monique Ebell and Albrecht Ritschl

June 2008

CEP discussion paper
Product Market Deregulation and the U.S. Employment Miracle

We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods ma...Read more...

Monique Ebell and Christian Haefke

June 2008

CEP discussion paper
Resurrecting the Participation Margin

This paper considers a real business cycle model with search frictions in the labor market and labor supply which is elastic along the participation margin. Previous authors have found that such models generate counterfa...Read more...

Monique Ebell

June 2008