Adam Guren

Boston University
Department of Economics
270 Bay State Road
Boston, MA 02215
Office: Room 400
Tel: (617) 353-4534

Spring 2020 Office Hours:
Are Now By Appointment Due to Transition to Remote Learning Please email me. to set up an appointment.

Adam Guren

Assistant Professor of Economics

and Faculty Research Fellow, NBER

Curriculum Vitae

Research Statement


Kilachand Honors College Econ 103:
         Freshman Seminar "Housing Policy: An Economic Perspective", Fall 2018, Spring 2020

Econ 502: Macroeconomics (Masters), Spring 2015-7
     Syllabus, Spring 2017

Econ 704: Macroeconomic Theory (1st Year Ph.D.), Spring 2016-2020
     Monetary Economics Module
     Syllabus, Spring 2019
     Slides, Spring 2019
     Slides are a public good. Please e-mail me if you find typos and before referencing or using for a class.

Econ 742: Topics in Macroeconomics (2nd Year Ph.D.), Spring 2015-8, Fall 2018, Spring 2020
     Macro Models and Questions with Micro Data and Methods. Focusing on:
         1. Regional, Firm, and Household Variation in Macro
         2. Price Setting and Nominal Rigidity
         3. Labor Markets
     Syllabus, Fall 2018
     Slides, Fall 2018
     Slides are a public good. Please e-mail me if you find typos and before referencing or using for a class.

Public Goods

Job Market Advice (often requested, now a public good)
How To Give a Lunch Talk (For Graduate Students) (often requested, now a public good)


Working Papers

NEW "The Effect of Foreclosures on Homeowners, Tenants and Landlords"
    with Rebecca Diamond and Rose Tan. June 2020.

"Do Credit Conditions Move House Prices?"
     with Daniel L. Greenwald. September 2019.

"Making the House a Home: The Stimulative Effect of Home Purchases on Consumption and Investment"
     with Effraim Benmelech and Brian T. Melzer. April 2019.
     NBER WP # 23570. R&R, Review of Financial Studies.


"What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics?"
     with Alisdair McKay, Emi Nakamura, and Jon Steinsson. April 2020.
     Forthcoming, NBER Macroeconomics Annual 2020. NBER WP # 26881.

"Housing Wealth Effects: The Long View"
     with Alisdair McKay, Emi Nakamura, and Jon Steinsson. February 2020.
     Local House Price Sensitivities (ZIP file for download)
     NBER WP # 24729.
     Forthcoming, Review of Economic Studies. Published Version

"Mortgage Design in an Equilibrium Model of the Housing Market"
     with Arvind Krishnamurthy and Tim McQuade. December 2019.
     NBER WP # 24446. Forthcoming, Journal of Finance.

"How Do Foreclosures Exacerbate Housing Downturns?"
     with Tim McQuade. November 2019.
     Review of Economic Studies May 2020: 1331-1364. Published Version

"House Price Momentum and Strategic Complementarity" November 2016. Online Appendix
     Journal of Political Economy June 2018: 1172-1218. Published Version
     This replaces "The Causes and Consequences of House Price Momentum," which can be found here

"Trade Dynamics With Sector-Specific Human Capital" with David Hemous and Morten Olsen
     Journal of International Economics September 2015: 126-147.

"Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities? A
Meta-Analysis of Extensive Margin Elasticities" with Raj Chetty, Day Manoli, and Andrea Weber

     NBER Macroeconomics Annual 2012 University of Chicago Press, 2013: 1-56.

"Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on
the Intensive and Extensive Margins" with Raj Chetty, Day Manoli, and Andrea Weber

     American Economic Review Papers and Proceedings May 2011: 471-5.

Work in Progress

"The 2000s Housing Boom With 2020 Hindsight"
    with Gabriel Chodorow-Reich