Spencer Lyon

Published Papers

Pareto Weights as Wedges in Two-Country Models
with Dave Backus, Chase Coleman, and Axelle Ferriere – JEDC April 2016

In models with recursive preferences, endogenous variation in Pareto weights would be interpreted as wedges from the perspective of a frictionless model with additive preferences. We describe the behavior of the (relative) Pareto weight in a two-country world and explore its interaction with consumption and the real exchange rate.

In progress

Quantifying the Losses from International Trade
with Michael Waugh

Slides from SED June 2017

Draft coming soon