Economists

Marios Karabarbounis

Marios Karabarbounis is an economist in the Research Department. He joined the Federal Reserve Bank of Richmond in 2012 after earning his doctorate from the University of Rochester.

Karabarbounis' research interests are in macroeconomics and labor economics.

Academic Publications

Misallocation and Financial Frictions: The Role of Long-Term Financing

Review of Economic Dynamics, forthcoming

Marios Karabarbounis and Patrick Macnamara

Previous Version: Working Paper, January 2019, No. 19-01R

Labor Market Uncertainty and Portfolio Choice Puzzles

American Economic Journal: Macroeconomics, April 2018, Vol. 10: 222-262

Yongsung Chang, Jay H. Hong and Marios Karabarbounis

Previous Version: Working Paper, June 2014, No. 14-13R

A Road Map for Efficiently Taxing Heterogeneous Agents

American Economic Journal: Macroeconomics, Vol. 8, April 2016: 182-214

Marios Karabarbounis

Previous Version: Working Paper, September 2013, No. 13-13R
Bank Publications

Special Reports, November 12, 2020

The Employment Recovery of Small and Large Employers

Policymakers, national pundits, and researchers often point to the importance of small firms in job creation. Did small firms play a special role in the recovery of aggregate employment during the COVID-19 pandemic?

Marios Karabarbounis, Matthew Murphy and Nicholas Trachter

Special Reports, September 4, 2020

The Effect of Lockdown Measures on Unemployment

Do the timing and length of lockdowns explain state-level differences in unemployment?

Marios Karabarbounis, Reiko Laski, James Lee and Nicholas Trachter

Special Reports, July 9, 2020

Does Social Distancing Explain Variation in COVID-19 Infection Rates? A Cross-Regional Analysis

Marios Karabarbounis, Matthew Murphy and Nicholas Trachter

Special Reports, May 26, 2020

The Effects of Expiring Stay-at-Home Orders and the Shape of the Recovery

Marios Karabarbounis and Nicholas Trachter

Special Reports, May 15, 2020

Some Observations about Social Distancing across Space and Time

Marios Karabarbounis and Nicholas Trachter

Special Reports, April 17, 2020

How COVID-19 is Affecting Main Street

Marios Karabarbounis and Nicholas Trachter

Economic Quarterly, First Quarter 2020

Labor-Market Wedge under Engel Curve Utility: Cyclical Substitution between Necessities and Luxuries

Yongsung Chang, Andreas Hornstein and Marios Karabarbounis

Economic Quarterly, Fourth Quarter 2018

What Can We Learn from Online Wage Postings? Evidence from Glassdoor

Marios Karabarbounis and Santiago Pinto

Economic Brief, May 2018, No. 18-05

Estimating Aggregate Fiscal Multipliers from Local Data

Bill Dupor, Marios Karabarbounis, Marianna Kudlyak, M. Saif Mehkari and David A. Price

Economic Quarterly, Fourth Quarter 2015

Does Bank Lending Matter for Large Firms' Investment?

Marios Karabarbounis

Economic Quarterly, First Quarter 2014

A Business Cycle Analysis of Debt and Equity Financing

Marios Karabarbounis, Patrick Macnamara and Roisin McCord
Working Papers

March 2020, No. 20-01R

Income Volatility and Portfolio Choices (Revised September 2020)

Yongsung Chang, Jay H. Hong, Marios Karabarbounis, Yicheng Wang and Tao Zhang

January 2019, No. 19-01R

Misallocation and Financial Frictions: The Role of Long-Term Financing* (Revised August 2020)

Marios Karabarbounis and Patrick Macnamara

July 2018, No. 18-13

Labor-Market Wedge under Engel Curve Utility: Cyclical Substitution between Necessities and Luxuries

Yongsung Chang, Andreas Hornstein and Marios Karabarbounis

February 2018, No. 18-04R

Regional Consumption Responses and the Aggregate Fiscal Multiplier (Revised August 2019)

Bill Dupor, Marios Karabarbounis, Marianna Kudlyak and M. Saif Mehkari

June 2014, No. 14-13R

Labor-Market Uncertainty and Portfolio Choice Puzzles (Revised July 2017)

Yongsung Chang, Jay H. Hong and Marios Karabarbounis

September 2013, No. 13-13R

A Road Map for Efficiently Taxing Heterogeneous Agents (Revised June 2015)

Marios Karabarbounis

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Marios Karabarbounis (804) 697-8923

Economists

Marios Karabarbounis

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Economists

Marios Karabarbounis

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