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Marcelo Veracierto

Emeritus

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Marcelo Veracierto

About

Marcelo Veracierto was a senior economist and economic advisor at the Federal Reserve Bank of Chicago.

Bank Publications

Chicago Fed Letter

Why Housing Has Been So Strong, but Might Not Be for Long
Gene Amromin, Jonas D. M. Fisher, Marcelo Veracierto | 2023 | No. 485 | October Download
Dollarization in Argentina
François Velde, Marcelo Veracierto | 1999 | No. 142 | June Download

Economic Perspectives

Quantitative Effects of Temporary Employment Contracts in Spain
Fernando Alvarez, Marcelo Veracierto | 2022 | No. 1 | February Download
A Monetarist View of the Fed’s Balance Sheet Normalization Period
Marcelo Veracierto | 2018 | Vol. 42 | No. 2 | June Download
A Simple Model of Gross Worker Flows Across Labor Market States
Marcelo Veracierto | 2015 | Vol. 39 | 2nd Quarter Download
Worker Flows and Matching Efficiency
Marcelo Veracierto | 2011 | Vol. 35 | No. 4 | 4th Quarter Download
Preannounced Tax Cuts and Their Potential Influence on the 2001 Recession
R. Andrew Butters, Marcelo Veracierto | 2009 | Vol. 33 | No. 3 | 3rd Quarter Download
Corruption and Innovation
Marcelo Veracierto | 2008 | Vol. 32 Download
Seasonal monetary policy
Marcelo Veracierto | 2005 | Vol. 29 | No. 3 | August | 3rd Quarter Download
The aggregate effects of advance notice requirements
Marcelo Veracierto | 2002 | Vol. 26 | No. 1 | February Download
Dollarization in Argentina
François Velde, Marcelo Veracierto | 2000 | Vol. 24 | No. 1 | February Download

Working papers

Working Papers

Optimal Mirrlees Taxation over the Business Cycle
Marcelo Veracierto | 2026 | No. 2026-19 | September Download
Computing Aggregate Fluctuations of Economies with Private Information
Marcelo Veracierto | 2025 | No. 2025-19 | September Download
Aggregate Dynamics in Mirrlees Economies: The Case of Persistent Shocks
Marcelo Veracierto | 2023 | No. 2023-27 | August Download
Moral Hazard, Optimal Unemployment Insurance, and Aggregate Dynamics
Marcelo Veracierto | 2022 | No. 2022-07 | March Download
Business Cycle Fluctuations in Mirrlees Economies: The Case of i.i.d. Shocks
Marcelo Veracierto | 2020 | No. 2020-04 | February Download
Computing Equilibria of Stochastic Heterogeneous Agent Models Using Decision Rule Histories
Marcelo Veracierto | 2020 | No. 2020-05 | February Download
Adverse Selection, Risk Sharing and Business Cycles (Revised October 2017)
Marcelo Veracierto | 2014 | No. 2014-10 | October Download
Gross Migration, Housing and Urban Population Dynamics
Morris A. Davis, Jonas D. M. Fisher, Marcelo Veracierto | 2013 | No. 2013-19 Download
The Role of Housing in Labor Reallocation
Morris A. Davis, Jonas D. M. Fisher, Marcelo Veracierto | 2010 | No. 2010-18 | November Download
Establishments Dynamics, Vacancies and Unemployment: A Neoclassical Synthesis
Marcelo Veracierto | 2009 | No. 2009-14 | November Download
Establishments Dynamics and Matching Frictions in Classical Competitive Equilibrium
Marcelo Veracierto | 2007 | No. 2007-16 | December Download
Fixed Term Employment Contracts in an Equilibrium Search Model
Fernando Alvarez, Marcelo Veracierto | 2005 | No. 2005-14 Download
Firing Costs and Business Cycle Fluctuations
Marcelo Veracierto | 2003 | No. 2003-29 Download
On the cyclical behavior of employment, unemployment and labor force participation
Marcelo Veracierto | 2002 | No. 2002-12 Download
Employment Flows, Capital Mobility, and Policy Analysis
Marcelo Veracierto | 2000 | No. 2000-05 Download
On the Short-Run Effects of Labor Market Reforms
Marcelo Veracierto | 2000 | No. 2000-29 Download
Labor Market Policies in an Equilibrium Search Model
Fernando Alvarez, Marcelo Veracierto | 1999 | No. 1999-10 Download
Search, Self-Insurance and Job-Security Provisions
Fernando Alvarez, Marcelo Veracierto | 1998 | No. 1998-02 Download

Selected External Publications

Acceptances in Academic Journals and Books

Davis, Morris A., Jonas D. M. Fisher, and Marcelo Veracierto, 2021, “Migration and urban economic dynamics,” Journal of Economic Dynamics and Control, Vol. 133, 104234, December. 20211201060000
Veracierto, Marcelo, 2021, “Business cycle fluctuations in Mirrlees economies: The case of i.i.d. shocks,” Journal of Economic Theory, Vol. 196, 105278, September, (accepted May 8, 2021). 20210901050000
Veracierto, Marcelo, 2016, “Establishment dynamics, vacancies and unemployment: A Neoclassical approach,” International Economic Review, Vol. 87, No. 4, November, pp. 1201–1236. 20161101050000
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