Working Papers

How Much Did Beliefs About Stimulus Financing Contribute to Post-Pandemic Inflation?

John Cochrane, Greg Kaplan and Siddarth Venkatesh
In preparation for Carnegie-Rochester-NYU Conference on Public Policy 2027

Capability, Technological Change and the Wage Distribution

Greg Kaplan and Sreyas Mahadevan
Draft available soon

How Does Monetary and Fiscal Policy Affect the Economy in the Face of Large Shocks?

Greg Kaplan and Ken Miyahara
June 2026 Version • Online Appendix

How Small is Small? Non-linearities in Heterogeneous Agent Models

We are working on an updated version to address comments at SED and NBER, check back soon
Javier Bianchi and Greg Kaplan
June 2026 NBER Working Paper Version

Evaluating Recent Crackdowns on Disability Benefits: Effects on Income and Health Care Use in Australia

Revise and resubmit, American Economic Journals: Policy
Manasi Deshpande, Greg Kaplan and Tobias Leigh-Wood
July 2025 Version • April 2025 Version • Non-technical Summary

Fiscal-Monetary Interactions in the 2020’s: Some Insights from HANK Models

Greg Kaplan
(Prepared for Reserve Bank of Australia and Treasury Joint Conference on Monetary and Fiscal Interactions)
September 2025 Version

The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the U.S.

Zhiyu Fu, Greg Kaplan, Ben Moll and Gianluca Violante
September 2020 Version • Non-technical Summary
Summary Fact: Occupation Effects
Summary Fact: CARES Act
Summary Fact: Pigouvian Taxes