NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in JEL Code E0: General

2016
w22902 Jonathan Meer
David H. Miller
Elisa Wulfsberg

The Great Recession and Charitable Giving
w22851 Peter Diep
Andrea L. Eisfeldt
Scott Richardson

Prepayment Risk and Expected MBS Returns
w22801 Chong-En Bai
Chang-Tai Hsieh
Zheng Michael Song

The Long Shadow of a Fiscal Expansion
w22785 George-Marios Angeletos
Chen Lian

Forward Guidance without Common Knowledge
w22743 Òscar Jordà
Moritz Schularick
Alan M. Taylor

Macrofinancial History and the New Business Cycle Facts
w22695 Matthew Baron
Wei Xiong

Credit Expansion and Neglected Crash Risk
w22695 Matthew Baron
Wei Xiong

Credit Expansion and Neglected Crash Risk
w22663 Pedro Brinca
V. V. Chari
Patrick J. Kehoe
Ellen McGrattan

Accounting for Business Cycles
w22650 Kaiji Chen
Patrick Higgins
Daniel F. Waggoner
Tao Zha

China Pro-Growth Monetary Policy and Its Asymmetric Transmission
w22619 Gary Gorton
Tyler Muir

Mobile Collateral versus Immobile Collateral
w22599 Gary Gorton
Ping He

Optimal Monetary Policy in a Collateralized Economy
w22572 Francesco Bianchi
Martin Lettau
Sydney C. Ludvigson

Monetary Policy and Asset Valuation: Evidence From a Markov-Switching cay
w22527 Hengjie Ai
Ravi Bansal

Risk Preferences and The Macro Announcement Premium
w22479 Stephen J. Redding
David E. Weinstein

A Unified Approach to Estimating Demand and Welfare
w22485 John H. Cochrane
Macro-Finance
w22453 Dale W. Jorgenson
Mun S. Ho
Jon D. Samuels

Education, Participation, and the Revival of U.S. Economic Growth
w22418 Tobias Broer
Niels-Jakob H. Hansen
Per Krusell
Erik Öberg

The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective
w22422 Edward C. Prescott
RBC Methodology and the Development of Aggregate Economic Theory
w22384 Nicholas Kozeniauskas
Anna Orlik
Laura Veldkamp

The Common Origin of Uncertainty Shocks
w22354 Monika Piazzesi
Martin Schneider

Housing and Macroeconomics
w22334 Jingting Fan
Sebnem Kalemli-Ozcan

Emergence of Asia: Reforms, Corporate Savings, and Global Imbalances
w22335 Yusuf Soner Baskaya
Sebnem Kalemli-Ozcan

Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake
w22297 George-Marios Angeletos
Chen Lian

Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination
w22266 Pedro Bordalo
Nicola Gennaioli
Andrei Shleifer

Diagnostic Expectations and Credit Cycles
w22228 Roger E.A. Farmer
Pricing Assets in an Economy with Two Types of People
w22211 John Komlos
Growth of income and welfare in the U.S, 1979-2011
w22143 William N. Goetzmann
Dasol Kim
Robert J. Shiller

Crash Beliefs From Investor Surveys
w22131 David de la Croix
Matthias Doepke
Joel Mokyr

Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy
w22135 Roger Farmer
Pawel Zabczyk

The Theory of Unconventional Monetary Policy
w22064 Gary Gorton
Ellis W. Tallman

Too-Big-To-Fail Before the Fed
w22017 Zhiguo He
Arvind Krishnamurthy
Konstantin Milbradt

What Makes US Government Bonds Safe Assets?
w22044 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

Safe Asset Scarcity and Aggregate Demand
w21871 Robert J. Barro
Tao Jin

Rare Events and Long-Run Risks
w21874 Alexander Bick
Nicola Fuchs-Schündeln
David Lagakos

How do Average Hours Worked Vary with Development? Cross-Country Evidence and Implications
w21890 Kaiji Chen
Jue Ren
Tao Zha

What We Learn from China's Rising Shadow Banking: Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending
w21897 Greg Kaplan
Benjamin Moll
Giovanni L. Violante

Monetary Policy According to HANK
w21856 Joseph Davis
Marc D. Weidenmier

America's First Great Moderation
w21843 Emmanuel Farhi
Jean Tirole

Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops
w21848 Xavier Gabaix
Behavioral Macroeconomics Via Sparse Dynamic Programming
2015
w21803 Sydney C. Ludvigson
Sai Ma
Serena Ng

Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response?
w21779 Guillaume Rocheteau
Pierre-Olivier Weill
Tsz-Nga Wong

Working through the Distribution: Money in the Short and Long Run
w21670 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

Global Imbalances and Currency Wars at the ZLB.
w21626 Vadim Elenev
Tim Landvoigt
Stijn Van Nieuwerburgh

Phasing Out the GSEs
w21599 Louis Phaneuf
Eric R. Sims
Jean Gardy Victor

Inflation, Output, and Markup Dynamics with Forward-Looking Wage and Price Setters
w21558 Sebnem Kalemli-Ozcan
Bent Sorensen
Carolina Villegas-Sanchez
Vadym Volosovych
Sevcan Yesiltas

How to Construct Nationally Representative Firm Level data from the ORBIS Global Database
w21556 Barry Eichengreen
Donghyun Park
Kwanho Shin

The Global Productivity Slump: Common and Country-Specific Factors
w21448 Iván Werning
Incomplete Markets and Aggregate Demand
w21284 Barbara M. Fraumeni
Michael S. Christian
Jon D. Samuels

The Accumulation of Human and Nonhuman Capital, Revisited
w21294 Jess Benhabib
Xuewen Liu
Pengfei Wang

Sentiments, Financial Markets, and Macroeconomic Fluctuations
w21261 Fernando Ferreira
Joseph Gyourko

A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012
w21260 Nicola Gennaioli
Yueran Ma
Andrei Shleifer

Expectations and Investment
w21273 Marina Azzimonti
Partisan Conflict and Private Investment
w21203 Atif Mian
Amir Sufi

Household Debt and Defaults from 2000 to 2010: Facts from Credit Bureau Data
w21165 Francisco J. Buera
Joseph P. Kaboski
Richard Rogerson

Skill Biased Structural Change
w21179 Guillaume Rocheteau
Pierre-Olivier Weill
Tsz-Nga Wong

A Tractable Model of Monetary Exchange with Ex-post Heterogeneity
w21142 Charles I. Jones
The Facts of Economic Growth
w21105 Roland Bénabou
Davide Ticchi
Andrea Vindigni

Forbidden Fruits: The Political Economy of Science, Religion, and Growth
w21108 Robert L. McDonald
Anna Paulson

AIG in Hindsight
w21074 David M. Byrne
Stephen D. Oliner
Daniel E. Sichel

How Fast are Semiconductor Prices Falling?
w21039 Alan M. Taylor
Credit, Financial Stability, and the Macroeconomy
w21000 Austan D. Goolsbee
Alan B. Krueger

A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler
w21007 Erik Hurst
Benjamin J. Keys
Amit Seru
Joseph S. Vavra

Regional Redistribution Through the U.S. Mortgage Market
w20857 Rabah Arezki
Valerie A. Ramey
Liugang Sheng

News Shocks in Open Economies: Evidence from Giant Oil Discoveries
w20863 Ross Levine
Chen Lin
Wensi Xie

Spare Tire? Stock Markets, Banking Crises, and Economic Recoveries
w20823 Monika Piazzesi
Martin Schneider
Johannes Stroebel

Segmented Housing Search
w20836 Barry Eichengreen
Secular Stagnation: The Long View
2014
w20807 George-Marios Angeletos
Fabrice Collard
Harris Dellas

Quantifying Confidence
w20742 Charles I. Jones
Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality
w20665 Daron Acemoglu
Tarek A. Hassan
Ahmed Tahoun

The Power of the Street: Evidence from Egypt's Arab Spring
w20652 Robert J. Barro
Andrew Mollerus

Safe Assets
w20628 Martin Gervais
Nir Jaimovich
Henry E. Siu
Yaniv Yedid-Levi

What Should I Be When I Grow Up? Occupations and Unemployment over the Life Cycle
w20573 Lant Pritchett
Lawrence H. Summers

Asiaphoria Meets Regression to the Mean
w20538 Simeon Alder
David Lagakos
Lee Ohanian

Competitive Pressure and the Decline of the Rust Belt: A Macroeconomic Analysis
w20517 Joseph E. Stiglitz
Reconstructing Macroeconomic Theory to Manage Economic Policy
w20498 Fernando Leibovici
Michael E. Waugh

International Trade and Intertemporal Substitution
w20490 Javier Bianchi
Saki Bigio

Banks, Liquidity Management and Monetary Policy
w20423 Robert J. Gordon
A New Method of Estimating Potential Real GDP Growth: Implications for the Labor Market and the Debt/GDP Ratio
w20423 Robert J. Gordon
A New Method of Estimating Potential Real GDP Growth: Implications for the Labor Market and the Debt/GDP Ratio
w20379 John Komlos
Has Creative Destruction Become More Destructive?
w20351 Nathaniel Hendren
The Inequality Deflator: Interpersonal Comparisons without a Social Welfare Function
w20307 Guido Matias Cortes
Nir Jaimovich
Christopher J. Nekarda
Henry E. Siu

The Micro and Macro of Disappearing Routine Jobs: A Flows Approach
w20316 Barry Eichengreen
Ugo Panizza

A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
w20277 Mark Aguiar
Manuel Amador
Emmanuel Farhi
Gita Gopinath

Coordination and Crisis in Monetary Unions
w20263 S. Borağan Aruoba
Jesús Fernández-Villaverde

A Comparison of Programming Languages in Economics
w20232 Peter H. Lindert
Making the Most of Capital in the 21st Century
w20244 Angus Deaton
Bettina Aten

Trying to Understand the PPPs in ICP2011: Why are the Results so Different?
w20168 Lorenzo Caliendo
Fernando Parro
Esteban Rossi-Hansberg
Pierre-Daniel Sarte

The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy
w20104 Jaroslav Borovička
Lars P. Hansen
Jose A. Scheinkman

Shock Elasticities and Impulse Responses
w20105 Emmanuel Farhi
Iván Werning

Labor Mobility Within Currency Unions
w20098 Charles F. Manski
Communicating Uncertainty in Official Economic Statistics
w19951 Nicholas Bloom
Paul M. Romer
Stephen J. Terry
John Van Reenen

Trapped Factors and China's Impact on Global Growth
w19927 Ricardo J. Caballero
Emmanuel Farhi

The Safety Trap
w19895 Robert J. Gordon
The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections
w19870 Alan B. Krueger
Andreas I. Mueller

A Contribution to the Empirics of Reservation Wages
w19831 Maxim Pinkovskiy
Xavier Sala-i-Martin

Lights, Camera,... Income!: Estimating Poverty Using National Accounts, Survey Means, and Lights
w19826 Scott R. Baker
Nicholas Bloom
Brandice Canes-Wrone
Steven J. Davis
Jonathan A. Rodden

Why Has U.S. Policy Uncertainty Risen Since 1960?
2013
w19749 Eric Sims
Jonathan Wolff

The Output and Welfare Effects of Government Spending Shocks over the Business Cycle
w19704 Javier Bianchi
Enrique G. Mendoza

Optimal Time-Consistent Macroprudential Policy
w19662 David Dollar
Benjamin F. Jones

China: An Institutional View of an Unusual Macroeconomy
w19650 Alessandro Beber
Michael W. Brandt
Maurizio Luisi

Distilling the Macroeconomic News Flow
w19652 Carmen M. Reinhart
Takeshi Tashiro

Crowding Out Redefined: The Role of Reserve Accumulation
w19628 Douglas Gollin
David Lagakos
Michael E. Waugh

The Agricultural Productivity Gap
w19541 Larry G. Epstein
Emmanuel Farhi
Tomasz Strzalecki

How Much Would You Pay to Resolve Long-Run Risk?
w19544 Garry Barrett
Peter Levell
Kevin Milligan

A Comparison of Micro and Macro Expenditure Measures Across Countries Using Differing Survey Methods
w19504 Jessie Handbury
Tsutomu Watanabe
David E. Weinstein

How Much Do Official Price Indexes Tell Us about Inflation?
w19443 Zhen Huo
José-Víctor Ríos-Rull

Paradox of Thrift Recessions
w19456 Kyle Jurado
Sydney C. Ludvigson
Serena Ng

Measuring Uncertainty
w19411 Paul Beaudry
Franck Portier

News Driven Business Cycles: Insights and Challenges
w19390 Robert J. Gordon
The Phillips Curve is Alive and Well: Inflation and the NAIRU During the Slow Recovery
w19267 Roger E.A. Farmer
The Natural Rate Hypothesis: An idea past its sell-by date
w19179 Jasmina Hasanhodzic
Laurence J. Kotlikoff

Generational Risk - Is It a Big Deal?: Simulating an 80-Period OLG Model with Aggregate Shocks
w19192 V.V. Chari
Patrick J. Kehoe

Bailouts, Time Inconsistency, and Optimal Regulation
w19112 Michael D. Bordo
Harold James

The European Crisis in the Context of the History of Previous Financial Crises
w19052 Diego A. Comin
Martí Mestieri

Technology Diffusion: Measurement, Causes and Consequences
w19058 Mark L. Egan
Casey B. Mulligan
Tomas J. Philipson

Adjusting National Accounting for Health: Is the Business Cycle Countercyclical?
w19026 Michael D. Bordo
Angela Redish

Putting the 'System' in the International Monetary System
w18993 Daron Acemoglu
Ufuk Akcigit
Nicholas Bloom
William R. Kerr

Innovation, Reallocation and Growth
w18953 Jeremy Greenwood
Philipp Kircher
Cezar Santos
Michèle Tertilt

An Equilibrium Model of the African HIV/AIDS Epidemic
w18954 S. Boraǧan Aruoba
Francis X. Diebold
Jeremy Nalewaik
Frank Schorfheide
Dongho Song

Improving GDP Measurement: A Measurement-Error Perspective
w18899 Jesus Fernandez-Villaverde
Luis Garicano
Tano Santos

Political Credit Cycles: The Case of the Euro Zone
w18888 Carmen M. Reinhart
Kenneth S. Rogoff

Shifting Mandates: The Federal Reserve's First Centennial
w18855 Michael Tomz
Mark L. J. Wright

Empirical Research on Sovereign Debt and Default
w18732 Gary B. Gorton
Guillermo Ordoñez

The Supply and Demand for Safe Assets
w18732 Gary B. Gorton
Guillermo Ordoñez

The Supply and Demand for Safe Assets
w18667 Karl E. Case
John M. Quigley
Robert J. Shiller

Wealth Effects Revisited: 1975-2012
w18673 Barry Eichengreen
Donghyun Park
Kwanho Shin

Growth Slowdowns Redux: New Evidence on the Middle-Income Trap
2012
w18655 Justin R. Pierce
Peter K. Schott

The Surprisingly Swift Decline of U.S. Manufacturing Employment
w18611 Gary Gorton
Andrew Metrick

Securitization
w18546 Klaus Desmet
Esteban Rossi-Hansberg

On the Spatial Economic Impact of Global Warming
w18470 Alessandra Fogli
Laura Veldkamp

Germs, Social Networks and Growth
w18456 John Hassler
Per Krusell
Conny Olovsson

Energy-Saving Technical Change
w18421 Roger E.A. Farmer
Qualitative Easing: How it Works and Why it Matters
w18374 Daniel J. Benjamin
Ori Heffetz
Miles S. Kimball
Nichole Szembrot

Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference
w18397 Gary B. Gorton
Some Reflections on the Recent Financial Crisis
w18352 Assaf Razin
Steven Rosefielde

A Tale of Politically-Failing Single-Currency Area
w18357 Ravi Bansal
Ivan Shaliastovich

A Long-Run Risks Explanation of Predictability Puzzles in Bond and Currency Markets
w18334 Nir Jaimovich
Henry E. Siu

The Trend is the Cycle: Job Polarization and Jobless Recoveries
w18295 Robert J. Barro
Convergence and Modernization Revisited
w18284 Roger E.A. Farmer
The Evolution of Endogenous Business Cycles
w18218 Per Krusell
Leena Rudanko

Unions in a Frictional Labor Market
w18225 Quamrul Ashraf
Boris Gershman
Peter Howitt

How Inflation Affects Macroeconomic Performance: An Agent-Based Computational Investigation
w18104 Ravi Bansal
Dana Kiku
Ivan Shaliastovich
Amir Yaron

Volatility, the Macroeconomy and Asset Prices
w18074 Jess Benhabib
Pengfei Wang

Financial Constraints, Endogenous Markups, and Self-fulfilling Equilibria
w17908 Russell Cooper
Exit from a Monetary Union through Euroization: Discipline without Chaos
w17862 Mathias Trabandt
Harald Uhlig

How Do Laffer Curves Differ Across Countries?
w17767 Ariel Burstein
Javier Cravino

Measured Aggregate Gains from International Trade
w17777 Gary B. Gorton
Stefan Lewellen
Andrew Metrick

The Safe-Asset Share
w17778 Gary B. Gorton
Andrew Metrick

Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide
w17729 Robert C. Feenstra
Hong Ma
J. Peter Neary
D.S. Prasada Rao

Who Shrunk China? Puzzles in the Measurement of Real GDP
2011
w17656 Francesco Caselli
Antonio Ciccone

The Contribution of Schooling in Development Accounting: Results from a Nonparametric Upper Bound
w17656 Francesco Caselli
Antonio Ciccone

The Contribution of Schooling in Development Accounting: Results from a Nonparametric Upper Bound
w17656 Francesco Caselli
Antonio Ciccone

The Contribution of Schooling in Development Accounting: Results from a Nonparametric Upper Bound
w17617 Martin S. Feldstein
The Euro and European Economic Conditions
w17601 Francesco Caselli
Andrea Tesei

Resource Windfalls, Political Regimes, and Political Stability
w17574 Ravi Bansal
Marcelo Ochoa

Welfare Costs of Long-Run Temperature Shifts
w17575 Ravi Bansal
Marcelo Ochoa

Temperature, Aggregate Risk, and Expected Returns
w17551 Daniel A. Dias
Christine J. Richmond
Mark L.J. Wright

The Stock of External Sovereign Debt: Can We Take the Data At 'Face Value'?
w17552 Guido Sandleris
Mark L.J. Wright

The Costs of Financial Crises: Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis
w17520 Allen Head
Lucy Qian Liu
Guido Menzio
Randall Wright

Sticky Prices: A New Monetarist Approach
w17479 Roger E.A. Farmer
The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence
w17421 S. Boragan Aruoba
Francis X. Diebold
Jeremy Nalewaik
Frank Schorfheide
Dongho Song

Improving GDP Measurement: A Forecast Combination Perspective
w17420 Lee E. Ohanian
Andrea Raffo

Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles
w17429 Alejandro Justiniano
Claudio Michelacci

The Cyclical Behavior of Equilibrium Unemployment and Vacancies in the US and Europe
w17437 Gary Richardson
Patrick Van Horn

When the Music Stopped: Transatlantic Contagion During the Financial Crisis of 1931
w17344 Ivan Werning
Managing a Liquidity Trap: Monetary and Fiscal Policy
w17313 Kyle F. Herkenhoff
Lee E. Ohanian

Labor Market Dysfunction During the Great Recession
w17328 Robert J. Barro
José F. Ursua

Rare Macroeconomic Disasters
w17128 Angus S. Deaton
The Financial Crisis and the Well-Being of Americans
w17133 Gianluca Benigno
Pierpaolo Benigno
Salvatore Nisticò

Risk, Monetary Policy and the Exchange Rate
w17137 Roger Farmer
Animal Spirits, Financial Crises and Persistent Unemployment
w17102 Quamrul Ashraf
Boris Gershman
Peter Howitt

Banks, Market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis
w17094 Charles I. Jones
Life and Growth
w17063 Rüdiger Bachmann
Eric R. Sims

Confidence and the Transmission of Government Spending Shocks
w16966 Daron Acemoglu
Simon Johnson
James A. Robinson

Hither Thou Shalt Come, But No Further: Reply to "The Colonial Origins of Comparative Development: An Empirical Investigation: Comment"
w16946 Michael D. Bordo
Owen F. Humpage
Anna J. Schwartz

U.S. Intervention During the Bretton Woods Era: 1962-1973
w16941 Isil Erel
Brandon Julio
Woojin Kim
Michael S. Weisbach

Macroeconomic Conditions and Capital Raising
w16871 Yongheng Deng
Randall Morck
Jing Wu
Bernard Yeung

Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
w16848 Karl E. Case
John M. Quigley
Robert J. Shiller

Wealth Effects Revisited 1978-2009
w16774 Ellen R. McGrattan
Transition to FDI Openness: Reconciling Theory and Evidence
w16777 Nicolae Gârleanu
Lasse Heje Pedersen

Margin-Based Asset Pricing and Deviations from the Law of One Price
w16760 Alberto Cavallo
Roberto Rigobon

The Distribution of the Size of Price Changes
w16754 Assaf Razin
Steven Rosefielde

Currency and Financial Crises of the 1990s and 2000s
2010
w16644 Roger E.A. Farmer
Dmitry Plotnikov

Does Fiscal Policy Matter? Blinder and Solow Revisited
w16617 Haelim M. Park
Gary Richardson

Retail Trade by Federal Reserve District, 1919 to 1939: A Statistical History
w16571 David K. Levine
Production Chains
w16571 David K. Levine
Production Chains
w16429 Ricardo J. Caballero
Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
w16416 Harald Uhlig
Economics and Reality
w16374 Pierpaolo Benigno
Luca Antonio Ricci
Paolo Surico

Unemployment and Productivity in the Long Run: The Role of Macroeconomic Volatility
w16380 Robert J. Gordon
Robert Krenn

The End of the Great Depression 1939-41: Policy Contributions and Fiscal Multipliers
w16317 Xi Chen
William D. Nordhaus

The Value of Luminosity Data as a Proxy for Economic Statistics
w16125 Jeffrey A. Frankel
Monetary Policy in Emerging Markets: A Survey
w16043 John Fernald
Brent Neiman

Growth Accounting with Misallocation: Or, Doing Less with More in Singapore
w16061 Rajnish Mehra
Indian Equity Markets: Measures of Fundamental Value
w16010 Charles R. Hulten
Paul Schreyer

GDP, Technical Change, and the Measurement of Net Income: the Weitzman Model Revisited
w15988 Jack Favilukis
Sydney C. Ludvigson
Stijn Van Nieuwerburgh

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium
w15909 Eric M. Aldrich
Jesús Fernández-Villaverde
A. Ronald Gallant
Juan F. Rubio-Ramírez

Tapping the Supercomputer Under Your Desk: Solving Dynamic Equilibrium Models with Graphics Processors
w15834 Robert J. Gordon
Revisiting U. S. Productivity Growth over the Past Century with a View of the Future
w15801 Lawrence J. Christiano
Mathias Trabandt
Karl Walentin

Involuntary Unemployment and the Business Cycle
w15759 David Laibson
Johanna Mollerstrom

Capital Flows, Consumption Booms and Asset Bubbles: A Behavioural Alternative to the Savings Glut Hypothesis
w15726 Takatoshi Ito
Great Inflation and Central Bank Independence in Japan
2009
w15550 Francesco Caselli
Guy Michaels

Do Oil Windfalls Improve Living Standards? Evidence from Brazil
w15504 Ravi Bansal
Dana Kiku
Amir Yaron

An Empirical Evaluation of the Long-Run Risks Model for Asset Prices
w15508 James B. Davies
Susanna Sandström
Anthony B. Shorrocks
Edward N. Wolff

The Level and Distribution of Global Household Wealth
w15474 James Feyrer
The US Productivity Slowdown, the Baby Boom, and Management Quality
w15479 Ricardo J. Caballero
Alp Simsek

Fire Sales in a Model of Complexity
w15490 Eric J. Bartelsman
John C. Haltiwanger
Stefano Scarpetta

Cross-Country Differences in Productivity: The Role of Allocation and Selection
w15459 John H. Cochrane
Can Learnability Save New-Keynesian Models?
w15404 Ravi Jagannathan
Mudit Kapoor
Ernst Schaumburg

Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!
w15404 Ravi Jagannathan
Mudit Kapoor
Ernst Schaumburg

Causes of the Great Recession of 2007-9: The Financial Crisis is the Symptom not the Disease!
w15359 Emi Nakamura
Jón Steinsson

Lost in Transit: Product Replacement Bias and Pricing to Market
w15341 Charles R. Hulten
Growth Accounting
w15343 Mathias Trabandt
Harald Uhlig

How Far Are We From The Slippery Slope? The Laffer Curve Revisited
w15312 Robert B. Barsky
Eric R. Sims

News Shocks
w15312 Robert B. Barsky
Eric R. Sims

News Shocks
w15297 Lasse Heje Pedersen
When Everyone Runs for the Exit
w15283 Atif R. Mian
Amir Sufi

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
w15283 Atif R. Mian
Amir Sufi

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis
w15209 Lee J. Alston
Andrés A. Gallo

Electoral Fraud, the Rise of Peron and Demise of Checks and Balances in Argentina
w15192 Gian Luca Clementi
Thomas F. Cooley
Sonia Di Giannatale

A Theory of Firm Decline
w15199 J. Vernon Henderson
Adam Storeygard
David N. Weil

Measuring Economic Growth from Outer Space
w15025 Roger Farmer
Carine Nourry
Alain Venditti

Debt, Deficits and Finite Horizons: The Stochastic Case
w15018 Joshua Aizenman
Financial Crisis and the Paradox of Under- and Over-Regulation
w14997 Ricardo J. Caballero
Alp Simsek

Complexity and Financial Panics
w14952 Isil Erel
Brandon Julio
Woojin Kim
Michael Weisbach

Market Conditions and the Structure of Securities
w14927 Eyal Dvir
Kenneth S. Rogoff

Three Epochs of Oil
w14846 Roger E.A. Farmer
Confidence, Crashes and Animal Spirits
w14814 Ravi Bansal
Ivan Shaliastovich

Learning and Asset-Price Jumps
w14815 Ravi Bansal
Ivan Shaliastovich

Confidence Risk and Asset Prices
w14824 Pierpaolo Benigno
New-Keynesian Economics: An AS-AD View
w14791 Nergiz Dincer
Barry Eichengreen

Central Bank Transparency: Causes, Consequences and Updates
w14784 Assaf Razin
Efraim Sadka
Benjarong Suwankiri

Migration and the welfare state: Dynamic Political-Economy Theory
w14760 Robert J. Barro
José F. Ursúa

Stock-Market Crashes and Depressions
w14747 Silvia Ardagna
Annamaria Lusardi

Where does regulation hurt? Evidence from new businesses across countries
w14710 Roger E.A. Farmer
Tao Zha
Daniel F. Waggoner

Understanding Markov-Switching Rational Expectations Models
w14697 Nir Jaimovich
Seth Pruitt
Henry E. Siu

The Demand for Youth: Implications for the Hours Volatility Puzzle
w14663 Michael G. Palumbo
Jonathan A. Parker

The Integrated Financial and Real System of National Accounts for the United States: Does It Presage the Financial Crisis?
w14669 Monika Piazzesi
Martin Schneider

Momentum traders in the housing market: survey evidence and a search model
w14631 John B. Taylor
The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong
w14641 Martha J. Bailey
William J. Collins

Did Improvements in Household Technology Cause the Baby Boom? Evidence from Electrification, Appliance Diffusion, and the Amish
2008
w14615 Susanto Basu
Robert Inklaar
J. Christina Wang

The Value of Risk: Measuring the Service Output of U.S. Commercial Banks
w14614 J. Christina Wang
Susanto Basu

Risk Bearing, Implicit Financial Services and Specialization in the Financial Industry
w14616 J. Christina Wang
Susanto Basu
John G. Fernald

A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output
w14604 Peter Blair Henry
Conrad Miller

Institutions vs. Policies: A Tale of Two Islands
w14499 Angus Deaton
Alan Heston

Understanding PPPs and PPP-based national accounts
w14299 Xavier Gabaix
Power Laws in Economics and Finance
w14269 Francis X. Diebold
Kamil Yilmaz

Macroeconomic Volatility and Stock Market Volatility, Worldwide
w14259 Olivier J. Blanchard
The State of Macro
w14063 Nir Jaimovich
Henry E. Siu

The Young, the Old, and the Restless: Demographics and Business Cycle Volatility
w13986 Pierpaolo Benigno
Luca Antonio Ricci

The Inflation-Unemployment Trade-Off at Low Inflation
w13940 Robert J. Barro
José F. Ursúa

Macroeconomic Crises since 1870
w13906 Andrea Ferrero
Mark Gertler
Lars E.O. Svensson

Current Account Dynamics and Monetary Policy
w13840 Ian Dew-Becker
Robert J. Gordon

The Role of Labor Market Changes in the Slowdown of European Productivity Growth
w13842 Carmen M. Reinhart
Vincent R. Reinhart

Capital Inflows and Reserve Accumulation: The Recent Evidence
2007
w13712 Luigi Guiso
Paola Sapienza
Luigi Zingales

Social Capital as Good Culture
w13622 Rafael Di Tella
Robert MacCulloch

Happiness, Contentment and Other Emotions for Central Banks
w13592 Jeremy Greenwood
Karen A. Kopecky

Measuring the Welfare Gain from Personal Computers: A Macroeconomic Approach
w13388 Jiandong Ju
Shang-Jin Wei

Current Account Adjustment: Some New Theory and Evidence
w13196 Ravi Bansal
Long-Run Risks and Financial Markets
w13077 Ricardo J. Caballero
Guido Lorenzoni

Persistent Appreciations and Overshooting: A Normative Analysis
w13003 N. Nergiz Dincer
Barry Eichengreen

Central Bank Transparency: Where, Why, and with What Effects?
2006
t0332 Jean Boivin
Marc Giannoni

DSGE Models in a Data-Rich Environment
w12755 Chong-En Bai
Chang-Tai Hsieh
Yingyi Qian

The Return to Capital in China
w12717 Gary Richardson
Bank Distress during the Great Depression: The Illiquidity-Insolvency Debate Revisited
w12715 Gary Richardson
Quarterly Data on the Categories and Causes of Bank Distress During the Great Depression
w12609 Monika Piazzesi
Martin Schneider

Equilibrium Yield Curves
w12593 Michael Bordo
Anna J. Schwartz

David Laidler on Monetarism
w12512 Christian Broda
Joshua Greenfield
David Weinstein

From Groundnuts to Globalization: A Structural Estimate of Trade and Growth
w12501 Luigi Guiso
Paola Sapienza
Luigi Zingales

The Cost of Banking Regulation
w12462 Thomas Philippon
The Bond Market's q
w12441 Bennett T. McCallum
E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models
w12130 Ellen R. McGrattan
Lee E. Ohanian

Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence From World War II
w12168 Martin Feldstein
The 2006 Economic Report of the President: Comment on Chapter One (The Year in Review) and Chapter Six (The Capital Account Surplus)
w11993 Torsten Persson
Guido Tabellini

Democracy and Development: The Devil in the Details
w11996 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

An Equilibrium Model of "Global Imbalances" and Low Interest Rates
w11948 Carol A. Corrado
Charles R. Hulten
Daniel E. Sichel

Intangible Capital and Economic Growth
2005
w11856 Martin Feldstein
Monetary Policy in a Changing International Environment: The Role of Global Capital Flows
w11777 Robert J. Gordon
What Caused the Decline in U.S. Business Cycle Volatility?
w11778 Robert J. Gordon
The 1920s and the 1990s in Mutual Reflection
w11703 Sydeny C. Ludvigson
Serena Ng

Macro Factors in Bond Risk Premia
w11573 Simi Kedia
Thomas Philippon

The Economics of Fraudulent Accounting
w11574 Qiang Dai
Thomas Philippon

Fiscal Policy and the Term Structure of Interest Rates
t0308 Jesus Fernandez-Villaverde
Juan Rubio-Ramirez
Thomas J. Sargent

A, B, C's (and D)'s for Understanding VARs
w11278 Alberto Alesina
Edward L. Glaeser
Bruce Sacerdote

Work and Leisure in the U.S. and Europe: Why So Different?
w11262 Esteban Rossi-Hansberg
Mark L.J. Wright

Urban Structure and Growth
w11237 Harold L. Cole
Lee E. Ohanian
Ron Leung

Deflation and the International Great Depression: A Productivity Puzzle
w11244 Ya-Hwei Yang
Jia-Dong Shea

Deflation and Monetary Policy in Taiwan
2004
w10681 Eric M. Engen
R. Glenn Hubbard

Federal Government Debt and Interest Rates
w10642 Willem H. Buiter
Anne C. Sibert

Deflationary Bubbles
w10617 Martin Eichenbaum
Jonas D.M. Fisher

Evaluating the Calvo Model of Sticky Prices
w10517 Ricardo Caballero
Arvind Krishnamurthy

Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
w10524 Willem Buiter
A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: 2 Ghosts, 2 Eccentricities, A Fallacy, A Mirage and A Mythos
w10400 Mervyn King
The Institutions of Monetary Policy
w10342 Alberto Alesina
Roberto Perotti

The European Union: A Politically Incorrect View
2003
w10187 Mikhail Golosov
Robert E. Lucas

Menu Costs and Phillips Curves
w9960 Bennett T. McCallum
The Unique Minimum State Variable RE Solution is E-Stable in All Well Formulated Linear Models
w9932 Andres Velasco
Alejandro Neut

Tough Policies, Incredible Policies?
w9599 Ricardo J. Caballero
Arvind Krishnamurthy

Inflation Targeting and Sudden Stops
w9609 Roberto Rigobon
Brian Sack

The Effects of War Risk on U.S. Financial Markets
w9570 Ricardo J. Caballero
On the International Financial Architecture: Insuring Emerging Markets
w9571 Mila Getmansky
Andrew W. Lo
Igor Makarov

An Econometric Model of Serial Correlation and Illiquidity in Hedge Fund Returns
w9530 Martin Feldstein
Why is Productivity Growing Faster?
w9488 Peter Blair Henry
Capital Account Liberalization, The Cost of Capital, and Economic Growth
w9437 Robert J. Gordon
Hi-tech Innovation and Productivity Growth: Does Supply Create Its Own Demand?
2002
w9337 Luis Felipe Cespedes
Roberto Chang
Andres Velasco

IS-LM-BP in the Pampas
t0282 Stephanie Schmitt-Grohe
Martin Uribe

Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function
w9237 Luigi Guiso
Paola Sapienza
Luigi Zingales

People's Opium? Religion and Economic Attitudes
w9218 Bennett T. McCallum
Consistent Expectations, Rational Expectations, Multiple-Solution Indeterminacies, and Least-Squares Learnability
w8815 Lance Lochner
Alexander Monge-Naranjo

Human Capital Formation with Endogenous Credit Constraints
w8758 Ricardo J. Caballero
Arvind Krishnamurthy

A Dual Liquidity Model for Emerging Markets
2001
w8695 Christopher D. Carroll
The Epidemiology of Macroeconomic Expectations
w8614 N. Gregory Mankiw
Ricardo Reis

Sticky Information: A Model of Monetary Nonneutrality and Structural Slumps
w8427 Ricardo Caballero
Arvind Krishnamurthy

Smoothing Sudden Stops
w8428 Ricardo Caballero
Arvind Krishnamurthy

A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems
w8270 Laurence Ball
N. Gregory Mankiw

Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design
w8290 N. Gregory Mankiw
Ricardo Reis

Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
2000
t0266 Lawrence J. Christiano
Richard M. Todd

The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?
w7936 Jeffrey R. Campbell
Jonas D.M.Fisher

Idiosyncratic Risk and Aggregate Employment Dynamics
w7849 Ricardo J. Caballero
Mohamad L. Hammour

Creative Destruction and Development: Institutions, Crises, and Restructuring
w7694 Orazio Attanasio
Pinelopi K. Goldberg
Ekaterini Kyriazidou

Credit Constraints in the Market for Consumer Durables: Evidence from Micro Data on Car Loans
w7720 Ricardo J. Caballero
Mohamad L. Hammour

Institutions, Restructuring, and Macroeconomic Performance
w7087 Bennett T. McCallum
Role of the Minimal State Variable Criterion
w7571 N. Gregory Mankiw
The Savers-Spenders Theory of Fiscal Policy
1999
w7147 Richard Clarida
Jordi Gali
Mark Gertler

The Science of Monetary Policy: A New Keynesian Perspective
1998
w6747 S. Rao Aiyagari
Mark Gertler

"Overreaction" of Asset Prices in General Equilibrium
w6684 Laurence J. Kotlikoff
The A-K Model: It's Past, Present, and Future
1997
w6221 Ricardo J. Caballero
Mohamad L. Hammour

Jobless Growth: Appropriability, Factor Substitution, and Unemployment
1996
w5757 Ricardo J. Caballero
Mohamad L. Hammour

The Macroeconomics of Specificity
w5482 Antulio N. Bomfim
Francis X. Diebold

Bounded Rationality and Strategic Complementarity in a Macroeconomic Model: Policy Effects, Persistence and Multipliers
w5464 Frederic S. Mishkin
The Channels of Monetary Transmission: Lessons for Monetary Policy
w5471 Ricardo J. Caballero
Mohamad L. Hammour

The "Fundamental Transformation" in Macroeconomics
1993
w4565 Stanley Fischer
The Role of Macroeconomic Factors in Growth
1992
w4162 Ricardo J. Caballero
Eduardo M.R.A. Engel

Microeconomic Rigidities and Aggregate Price Dynamics
w4077 Stanley Fischer
Russia and the Soviet Union Then and Now
w3994 Raquel Fernandez
Richard Rogerson

Human Capital Accumulation and Income Distribution
1991
w3934 Frederic S. Mishkin
Anatomy of a Financial Crisis
w3934 Frederic S. Mishkin
Anatomy of a Financial Crisis
w3944 Alessandro Missale
Olivier Jean Blanchard

The Debt Burden and Debt Maturity
w3944 Alessandro Missale
Olivier Jean Blanchard

The Debt Burden and Debt Maturity
w3892 Mark Gertler
Simon Gilchrist

Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms
w3892 Mark Gertler
Simon Gilchrist

Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms
w3885 N. Gregory Mankiw
The Reincarnation of Keynesian Economics
w3836 Fumio Hayashi
Measuring Depreciation For Japan: Rejoinder to Dekle and Summers
w3849 Robert J. Barro
World Interest Rates and Investment
w3849 Robert J. Barro
World Interest Rates and Investment
w3686 Herschel I. Grossman
Monetary Economics: A Review Essay

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