NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Andrew B. Abel

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers and Chapters

May 2009Optimal Inattention to the Stock Market with Information Costs and Transactions Costs
with Janice C. Eberly, Stavros Panageas: w15010

Published: Abel, A. B., Eberly, J. C. and Panageas, S. (2013), Optimal Inattention to the Stock Market With Information Costs and Transactions Costs. Econometrica, 81: 1455–1481. doi: 10.3982/ECTA7624

August 2007Optimal Capital Income Taxation
w13354
June 2006Equity Premia with Benchmark Levels of Consumption: Closed-Form Results
w12290

Published: Mehra, Rajnish (ed.) Handbook of the Equity Risk Premium, Handbooks in Finance. Amsterdam and Boston: Elsevier, North-Holland, 2008.

November 2003Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption
w10099

Published: Abel, Andrew B. "Optimal Taxation When Consumers Have Endogenous Benchmark Levels Of Consumption," Review of Economic Studies, 2005, v72(250,Jan), 21-42.

September 2002The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security
w9210

Published: Abel, Andrew B. "The Effects Of A Baby Boom On Stock Prices And Capital Accumulation In The Presence Of Social Security," Econometrica, 2003, v71(2,Mar), 551-578. citation courtesy of

December 2001On the Invariance of the Rate of Return to Convex Adjustment Costs
w8649

Published: Abel, Andrew B. "On The Invariance Of The Rate Of Return To Convex Adjustment Costs," Review of Economic Dynamics, 2002, v5(3,Jul), 586-601. citation courtesy of

On the Invariance of the Rate of Return to Convex Adjustment Costs
w8635

Published: Andrew B. Abel, 2002. "On the Invariance of the Rate of Return to Convex Adjustment Costs," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(3), pages 586-601, July. citation courtesy of

February 2001Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?
w8131

Published: Abel, Andrew B. "Will Bequests Attenuate The Predicted Meltdown In Stock Prices When Baby Boomers Retire?," Review of Economics and Statistics, 2001, v83(4,Nov), 589-595. citation courtesy of

An Exploration of the Effects of Pessimism and Doubt on Asset Returns
w8132

Published: Abel, Andrew B., 2002. "An exploration of the effects of pessimism and doubt on asset returns," Journal of Economic Dynamics and Control, Elsevier, vol. 26(7-8), pages 1075-1092, July. citation courtesy of

January 2001The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
in Risk Aspects of Investment-Based Social Security Reform, John Y. Campbell and Martin Feldstein, editors
June 2000The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
w7739

Published: Andrew B. Abel, 2001. "The Effects of Investing Social Security Funds in the Stock Market When Fixed Cobsts Prevent Some Households from Holding Stocks," American Economic Review, American Economic Association, vol. 91(1), pages 128-148, March. citation courtesy of

March 1999The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
w6991

Published:

August 1998Risk Premia and Term Premia in General Equilibrium
w6683

Published: Journal of Monetary Economics, Vol. 43, no. 1 (February 1999): 3-33. citation courtesy of

August 1997The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment
with Janice C. Eberly: w6148

Published: Abel, Andrew B. & Eberly, Janice C., 1998. "The mix and scale of factors with irreversibility and fixed costs of investment," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 48(1), pages 101-135, June. citation courtesy of

November 1995The Effects of Irreversibility and Uncertainty on Capital Accumulation
with Janice C. Eberly: w5363

Published: Journal of Monetary Economics, Vol. 44, no. 3 (December 1999): 339-377. citation courtesy of

August 1995Options, the Value of Capital, and Investment
with Avinash K. Dixit, Janice C. Eberly, Robert S. Pindyck: w5227

Published: Quarterly Journal of Economics, vol. 111, no. 3, pp. 753-777, August 1996. citation courtesy of

April 1995Optimal Investment with Costly Reversibility
with Janice C. Eberly: w5091

Published: Review of Economic Studies, vol.63, no.4, pp.581-593, August 1996. citation courtesy of

July 1993An Exact Soultion for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility
with Janice C. Eberly: w4412

Published: Journal of Economic Dynamics and Control, Vol. 21 (1997): 831-852.

March 1993A Unified Model of Investment Under Uncertainty
with Janice C. Eberly: w4296

Published:

  • American Economic Review, Vol. 84, no. 1 (December 1994): 1369-1384. citation courtesy of
  • The Economic Legacy of Robert Lucas, Jr., Hoover, Kevin D., ed.: Edward Elgar Publishing, October 1999.

June 1992Exact Solutions for Expected Rates of Return Under Markov Regime Switching: Implications for the Equity Premium Puzzle
w4110

Published: Journal of Money, Credit and Banking, 26, 3, August 1994, Part I), pp. 345- 361 citation courtesy of

January 1992Fiscal Policy With Impure Intergenerational Altruism
with B. Douglas Bernheim: w2613

Published: Econometrica, Vol. 59, No. 6, pp. 1687-1711, (November 1991). citation courtesy of

March 1990Asset Prices under Habit Formation and Catching up with the Joneses
w3279

Published: The American Economic Review, Vol. 80, No. 2, pp. 38-42, (May 1990). citation courtesy of

January 1990Birth, Death and Taxes
w2953

Published: Journal of Public Economics, Vol 39, pp. 1-15, (1989). citation courtesy of

June 1988Stock Prices Under Time-Varying Dividend Risk: An Exact Solution In An Infinite-Horizon General Equilibrium Model
w2621

Published: "Stock Prices Under Time-Varying Dividend Risk." From Journal of Monetary Economics, Vol. 22, No. 3, pp. 375-393, (November 1988). citation courtesy of

April 1988Consumption and Investment
w2580

Published: Friedman, Benjamin M. and Frank Hahn (eds.) Handbook of Monetary Economics. Amsterdam: Elsevier Science B.V., 1990.

March 1988Operative Gift and Bequest Motives
w2331

Published: Abel, Andrew B. "Operative Gift and Bequest Motives." American Economic Review, Vol.77, No.5, (December 1987) pp. 1037-1047. citation courtesy of

February 1988The Implications of Insurance for the Efficacy of Fiscal Policy
w2517

Published: Abel, Andrew B. "The Implications of Insurance for the Efficacy of Fiscal Policy." from the Journal of Risk and Insurance, Vol. 55, No. 2, pp. 339-3 78, June 1988.

1988Does the Consumption of Different Age Groups Move Together? A New Nonparametric Test of Intergenerational Altruism
with Laurence J. Kotlikoff: w2490

Published: "Intergenerational Altruism and the Effectiveness of Fiscal Policy- New Tests Based on Cohort Data", in Toshiaki Tachibanaki, ed., Savings and Bequests, (Ann Arbor: University of Michigan Press: 1994), pp. 167-196

June 1987An Analysis of Fiscal Policy Under Operative and Inoperative Bequest Motives
w2298

Published:

  • Abel, Andrew B. "Operative Gift And Bequest Motives," American Economic Review, 1987, v77(5), 1037-1047.
  • Helpman, Elhanan, Assaf Razin, and Efraim Sadka (eds.) Economic Effects of the Government Budget. Cambridge, MA: MIT Press, 1988.

1987Optimal Monetary Growth
w2136

Published: Abel, Andrew B. "Optimal Monetary Growth," Journal of Monetary Economics, Vol. 19, No. 3, May 1987, pp 437-450. citation courtesy of

Specification of the Joy of Giving: Insights from Altruism
with Mark Warshawsky: w2154

Published: Review of Economics and Statistics, Vol. 70, No. 1, February 1988, pp. 145- 149. citation courtesy of

December 1986Assessing Dynamic Efficiency: Theory and Evidence
with N. Gregory Mankiw, Lawrence H. Summers, Richard J. Zeckhauser: w2097

Published: Review of Economic Studies, Vol. 56, No. 1, pp. 1-20, (January 1989). citation courtesy of

October 1986Investment and Sales: Some Empirical Evidence
with Olivier J. Blanchard: w2050

Published: From Dynamic Econometric Modeling: Proceedings of the Third International Symposium in Economic Theory & Econometrics, edited by William A. Barnett, Ernst Berndt, and Halbert White, pp. 269-296. New York: Cambridge Univ-ersity Press, 1988.

July 1986The Failure of Ricardian Equivalence Under Progressive Wealth Taxation
w1983

Published: Abel, Andrew B. "The Failure of Ricardian Equivalence Under Progressive Wealth Taxation." Journal of Public Economics, Vol. 30, No. 1, (June 1986), pp . 117-128. citation courtesy of

March 1986Aggregate Savings in the Presence of Private and Social Insurance
w1873

Published: Abel, Andrew B. "Aggregate Savings in the Presence of Private and Social Insurance," Macroeconomics and Finance: Essays in Honor of Franco Modigliani , edited by R. Dornbusch, Stanley Fischer and John Bossons. Cambridge, MA: MIT Press, 1987, pp. 131-157.

1986Bequests and Social Security With Uncertain Lifetimes
w1372

Published: Abel, Andrew B. 'Precautionary Saving and Accidental Bequests," American Economic Review, Vol. 75, No. 4, September 1985, pp. 777-791.

July 1985Capital Accumulation and Uncertain Lifetimes with Adverse Selection
w1664

Published: Abel, Andrew B. "Capital Accumulation and Uncertain Lifetimes with Adverse Selection." Econometrica, Vol. 54, No. 5, (September 1986), pp. 1079-1097. citation courtesy of

February 1985Inventories, Stock-Outs, and Production Smoothing
w1563

Published: Abel, Andrew B. "Inventories, Stock-Outs, and Production Smoothing." Review of Economic Studies, Vol. 52, (1985), pp. 283-293. citation courtesy of

1985Dynamic Behavior of Capital Accumulation in a Cash-in-Advance Model
w1549

Published: Abel, Andrew B. "Dynamic Behavior of Capital Accumulation in a Cash-in-Advance Model," Journal of Monetary Economics, Vol. 16, No. 1, July 1985, pp. 55-71. citation courtesy of

October 1984A Stochastic Model of Investment, Marginal q and the Market Value of theFirm
w1484

Published: Abel, Andrew B. "A Stochastic Model of Investment, Marginal q and the Market Value of the Firm," International Economic Review, Vol. 26, No. 2, June 1985, pp. 305-322. citation courtesy of

1984R&D and the Market Value of the Firm: A Note
in R & D, Patents, and Productivity, Zvi Griliches, ed.
May 1983The Present Value of Profits and Cyclical Movements in Investment
with Olivier J. Blanchard: w1122

Published: Abel, Andrew B. and Olivier J. Blanchard. "The Expected Present Discounted Value of Profits and the Cyclical Variability of Investment," Econometrica, Vol. 54, No. 2, pp. 249-272, March 1986. citation courtesy of

April 1982An Intertemporal Model of Saving and Investment
with Olivier J. Blanchard: w0885

Published: Abel, Andrew B., & Oliver J. Blanchard. "An Intertemporal Model of Saving and Investment." Econometrica, Vol. 51, No. 3, (May 1983), pp. 675-692. citation courtesy of

August 1981An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy
with Frederic S. Mishkin: w0726

Published: Abel, Andrew B., Frederic S. Mishkin. "An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy."Journal of Monetary Economics, Vol. 11, No. 1, (January 1983), pp. 3-24. citation courtesy of

December 1980Accelerated Depreciation and the Efficacy of Temporary Fiscal Policy: Implications for an Inflationary Economy
w0596

Published: Abel, Andrew B. "Accelerated Depreciation and the Efficacy of Temporary Fiscal Policy: Implications for an Inflationary Economy." Journal of Public Economics, Vol. 19, (1982), pp. 23-47. citation courtesy of

April 1975A Comparison of Three Control Algorithms as Applied to the Monetarist-Fiscalist Debate
in Annals of Economic and Social Measurement, Volume 4, number 2, Sanford V. Berg, editor

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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