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He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. He has worked on theories of firm-dynamics, highlighting the role of markups for misallocation, the importance of managerial delegation for firm growth, and the consequences of falling population growth. Verified email at yale.edu. ", Peters, Michael & Severinov, Sergei, 1997. [PDF] A folk theorem for competing mechanisms | Semantic Scholar . Columbia University. hb```f``} cf`ah`.d0 He received his PhD from the Massachusetts Institute of Technology (MIT) and held an Assistant Professor position at the London School of Economics before joining Yale. I am an Associate Professor in the Economics Department at Yale. Michael Peters, Yale - Department of Economics American Economic Review. A departmentalhonors programprovides a small group of outstanding students an opportunity for independent research and close contact with faculty and fellow students. Productive firms thus settle in productive. Create your own unique website with customizable templates. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Finally, he studied the process of structural change, both in the US in the past and for present-day India, emphasizing the consequences on inequality across both people and space. [PDF] The End of Economic Growth? Unintended Consequences of a ", Peters, Michael & Szentes, Balazs, 2009. Virtual. ", Michael Peters & Ralph A. A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Author(s) Michael Peters. Peters,M. Michael Peters - Vice President Corporate Strategy - LinkedIn firm and location productivity arecomplements and labor market frictions are sufficiently large. The Geography of Remote Work . The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Boosting Grant Applications from Faculty at MSIs, Conference on Research in Income and Wealth, Early Indicators of Later Work Levels, Disease and Death, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century. In his research he focuses on economic growth and long-run economic development. Conor Walsh - Google Scholar American Economic Journal . As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Michael Peters, Conor Walsh Published 6 November 2019 Economics Microeconomics: Production A growing body of empirical research highlights substantial changes in the US economy during the last three decades. J Blaum, C Lelarge, M Peters. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. The findings echo Acemoglu et al. The system can't perform the operation now. My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. To estimate the relationship between refugee inflow and local economic development, Professor Peters constructed a data set from original historical sources for more than 500 West German counties since the 1930s. EU Economic Policy and Architecture after Covid, DP13700 Firm Size, Quality Bias and Import Demand, International Trade and Regional Economics, DP12237 Firm Size and the Intensive Margin of Import Demand, DP11721 The Gains from Input Trade with Heterogeneous Importers. ", Peters, Michael & Severinov, Sergei, 2006. Title. Research | montoya.econ.ubc.ca interests: Trade, Economic Geography, and Macroeconomics contact: . For general information on how to correct material on RePEc, see these instructions. fabian eckert Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Powered by Create your own unique website with customizable templates. Is the rise of services only due to income effects or can growth be service-led? Professors Peters new paper, published in Econometrica last month, explores a particular historical setting to provide direct evidence for the empirical relevance of these effects. Their, This "Cited by" count includes citations to the following articles in Scholar. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. 180 * 2021: MICHAEL PETERS AUGUST 2022 Contact Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 eMail: m.peters@yale.edu Academic Appointments 2021-2022 Visiting Scholar, New York University Stern School of Business In the af- termath of the Second World War, 8 million ethnic Germans were expelled from their domiciles in Eastern Europe and transferred to West Germany. Michael Peters ; Michael Peters . In the rst version contracts are exchanged on a competitive market in which traders expectations concerning conditions Expand 7 View 1 excerpt, references background Game-Playing Agents: Unobservable Contracts as Precommitments M. Katz targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. The model can be solved analytically and allows for a precise theoretical characteri-zation of the underlying determinants of market power and its macroeconomic conse-quences. . Phone (613) 533-2250 Fax (613) 533-6668 Email https . There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. The ones marked, American Economic Journal: Macroeconomics 10 (4), 77-127, Journal of International Economics 120, 59-83, New articles related to this author's research, Research Assistant Professor of Economics, Boston University, Department of Economics, University of Chicago, Tuntex Professor of International and Development Economics, Yale University, Professor of Economics, London School of Economics, Professor of Economics, INSEAD, London School of Economics and College de France, Heterogeneous Markups, Growth, and Endogenous Misallocation, The gains from input trade with heterogeneous importers, Lack of selection and limits to delegation: firm dynamics in developing countries, Market size and spatial growth-evidence from germanys post-war population expulsions, Firm size, quality bias and import demand, A method to construct geographical crosswalks with an application to us counties since 1790, Growing Like India: The Unequal Effects of Service-Led Growth, Solutions manual for introduction to modern economic growth, European immigrants and the United States rise to the technological frontier, Creative Destruction, Distance to Frontier, and Economic Development, Sprouting Cities: How Rural America Industrialized, Discussion of The Matthew effectand market concentration: Search complementarities and monopsony power by Fernndez-Villaverde, Mandelman, Yu and Zanetti. [PDF] Firm Creation and Local Growth | Semantic Scholar Research. Public profiles for Economics researchers, Curated articles & papers on economics topics, Upload your paper to be listed on RePEc and IDEAS, Pretend you are at the helm of an economics department, Data, research, apps & more from the St. Louis Fed, Initiative for open bibliographies in Economics, Have your institution's/publisher's output listed on RePEc, Matching by Luck or Search? Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). His research mostly focuses on macroeconomics, economic development and growth, and international trade. michael peters economics ubc The large inflows led to persistent changes in the sectoral composition of the local economy. Peters, Michael and Alp Simsek (2009), Solutions Manual for "Introduction to Modern Economic Growth", Princeton University Press. Research Conor Walsh This inflow increased the German population by almost 20%. Michael Peters Economics, Biology 2014 TLDR This paper provides a set of mechanisms that have the property that every outcome that can be supported as a Bayesian equilibrium in a competing mechanism game can be support as an equilibrium in reciprocal mechanisms. Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). In his research he focuses on economic growth and long-run economic development. In my research I focus primarily on economic growth and long-run economic development. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, Heterogeneous Markups, Growth, and Endogenous Misallocation. Second, the refugees were allocated to rural areas and not to urban centers. ", Peters, Michael & Severinov, Sergei, 2005. %PDF-1.5 % New research by Yale Economist Michael Peters, new paper, published in Econometrica last month, New Research by Michael Peters on the Economic Consequences of Refugee Settlements. If the link between productivity and population size is different in the service sector, these findings might have little to tell us about the likely effects of immigration today. Business dynamism - namely job reallocation, firm entry and creative destruction - 20 PDF View 7 excerpts, cites results and methods ". The first months where very discouraging because so little data seemed to have survived. I think we need more work to understand what happens when the population shrinks. Virtually all theories of economic growth predict a positive relationship between population size and productivity. Economics Department, Yale University. Michael Peters | Yale Department of Economics A six-time winner of the McKinsey Award for the best Harvard Business Review article of the year, Professor Porter is the most cited author in business and economics. Michael Peters Economics Department, Yale University Verified email at yale.edu. Together with my colleague Costas Arkolakis and Sun Kyoung Lee at Michigan, we work on a project on the link between migration and economic development in the US between 1880 and 1920 where we try to carefully measure differences in innovation potential between migrants from different countries. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Ming Xu. To what extent these findings have a direct relevance for immigration policy today, is a great question. In particular, refugee settlement seemed to have ignited the process of industrialization in agricultural communities. Michael Peters - Google Scholar Being from Germany myself, one hears lots of stories about the WW2 expulsion. The emergence of new cities in Rural America played a big part for this transition. There have been few attempts to provide direct evidence on the causal effect of larger scale on productivity growth and to connect such estimates to structural models. Finally, he studied the process of structural change, both in the US in the past and for present-day India, emphasizing the consequences on inequality across both people and space. And they, luckily, had taken pictures of the old census publications, which I could digitize. A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. ", Celik, Gorkem & Peters, Michael, 2011. Michael Peters, Yale - Department of Economics Michael Peters, Yale Home Michael Peters, Yale When September 18, 2017 4:00 pm -5:30 pm Where 613 Kern Michael Peters from Yale will present "Spatial Structural Change". Department of Economics, University of Chicago - Cited by 9,241 - Macroeconomics - Economic Growth - Firm Dynamics - Entrepreneurship - Innovation . CAPCP Center for the Study of Auctions, Procurements, and Competition Policy, CRIFES Center for Research on International Financial and Energy Security. Affiliation: Yale. Michael Peters Economics Department, . Michael Peters Economics Department, Yale University Verified email at . Footer Menu. At a very general level, I am pretty confident that population density leads to higher productivity and there is a large empirical literature in urban economics that provides evidence for this to be the case. New Research by Michael Peters on the Economic Consequences of Refugee He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. ", Halevy, Yoram & Peters, Michael, 2007. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. . This work allowed him to quantify the effect of the refugee settlement on aggregate income and study how the government policy of sending refugees to the countryside might ignite and maintain rural industrialization. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Allen Head. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475