NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Macroeconomics and Monetary Economics

General Aggregative Models


2009
w15477 Alejandrina Salcedo
Todd Schoellman
Michčle Tertilt

Families as Roommates: Changes in U.S. Household Size from 1850 to 2000

w15454 Katheryn N. Russ
Diego Valderrama

A Theory of Banks, Bonds, and the Distribution of Firm Size

w15362 Amir E. Khandani
Andrew W. Lo
Robert C. Merton

Systemic Risk and the Refinancing Ratchet Effect

w15312 Robert B. Barsky
Eric R. Sims

News Shocks

w15003 George-Marios Angeletos
Jennifer La'O

Incomplete Information, Higher-Order Beliefs and Price Inertia

w14846 Roger E.A. Farmer
Confidence, Crashes and Animal Spirits

w14732 Ricardo Reis
A Sticky-Information General-Equilibrium Model for Policy Analysis

w14677 Jesús Fernández-Villaverde
The Econometrics of DSGE Models


2008
w14430 V. V. Chari
Patrick J. Kehoe
Ellen R. McGrattan

Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?

w14426 David von Below
Torsten Persson

Uncertainty, Climate Change and the Global Economy

w14395 Timothy J. Kehoe
Kim J. Ruhl

Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate

w14392 Patrick J. Kehoe
Virgiliu Midrigan

Temporary Price Changes and the Real Effects of Monetary Policy

w14358 Gary B. Gorton
The Panic of 2007

w14215 Stephanie Schmitt-Grohe
Martin Uribe

What's News in Business Cycles

w13919 Matthias Doepke
Michčle Tertilt

Women's Liberation: What's in It for Men?


2007
w13680 Larry E. Jones
Alice Schoonbroodt

Complements versus Substitutes and Trends in Fertility Choice in Dynastic Models

w13655 V. V. Chari
Patrick J. Kehoe

The Heterogeneous State of Modern Macroeconomics: A Reply to Solow

w13591 Juan Carlos Conesa
Timothy J. Kehoe
Kim J. Ruhl

Modeling Great Depressions: The Depression in Finland in the 1990s

w13428 Edward E. Leamer
Housing IS the Business Cycle

w13406 Roger E. A. Farmer
Aggregate Demand and Supply

w13198 Satyajit Chatterjee
Esteban Rossi-Hansberg

Spin-offs and the Market for Ideas

w13185 Alexander Ludwig
Dirk Krueger
Axel H. Boersch-Supan

Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations

w13166 Jesús Fernández-Villaverde
Juan F. Rubio-Ramírez

How Structural Are Structural Parameters?

w13136 George-Marios Angeletos
Vasia Panousi

Revisiting the Supply-Side Effects of Government Spending Under Incomplete Markets

w13024 Laura X. L. Liu
Toni Whited
Lu Zhang

Regularities

w12999 John A. List
Haiwen Zhou

Internal Increasing Returns to Scale and Economic Growth

t0336 John A. List
Haiwen Zhou

Internal Increasing Returns to Scale and Economic Growth


2006
w12772 Jean Boivin
Marc Giannoni

DSGE Models in a Data-Rich Environment

w12703 Douglas Laxton
Papa N'Diaye
Paolo Pesenti

Deflationary Shocks and Monetary Rules: an Open-Economy Scenario Analysis

w12621 David E. Bloom
David Canning
Rick Mansfield
Michael Moore

Demographic Change, Social Security Systems, and Savings

w12605 N. Gregory Mankiw
Ricardo Reis

Sticky Information in General Equilibrium

w12575 Patrick J. Kehoe
How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach

w12521 Paul Beaudry
Mark Doms
Ethan Lewis

Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution

w12453 Dirk Krueger
Alexander Ludwig

On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare

t0326 Kenneth D. West
Todd Clark

Approximately Normal Tests for Equal Predictive Accuracy in Nested Models

w12336 Ruediger Bachmann
Ricardo J. Caballero
Eduardo M.R.A. Engel

Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model

w12314 Diego Comin
Bart Hobiijn

An Exploration of Technology Diffusion

w12140 Heinrich Hock
David N. Weil

The Dynamics of the Age Structure, Dependency, and Consumption

w12137 Filippo Occhino
Kim Oosterlinck
Eugene N. White

How Occupied France Financed Its Own Exploitation in World War II

w12103 Eric M. Leeper
Shu-Chun Susan Yang

Dynamic Scoring: Alternative Financing Schemes

w12081 Fumio Hayashi
Edward C. Prescott

The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy

w12024 N. Gregory Mankiw
Ricardo Reis

Pervasive Stickiness (Expanded Version)

t0321 Jesus Fernandez-Villaverde
Juan F. Rubio-Ramirez

Estimating Macroeconomic Models: A Likelihood Approach

w12014 Erica X. N. Li
Dmitry Livdan
Lu Zhang

Optimal Market Timing

w11971 Mark Gertler
John Leahy

A Phillips Curve with an Ss Foundation


2005
t0317 George W. Evans
Seppo Honkapohja
Noah Williams

Generalized Stochastic Gradient Learning

t0315 Jesus Fernandez-Villaverde
Juan Rubio
Manuel Santos

Convergence Properties of the Likelihood of Computed Dynamic Models

w11493 M. Hashem Pesaran
Til Schuermann
Björn-Jakob Treutler

Global Business Cycles and Credit Risk

w11467 James H. Stock
Mark W. Watson

Implications of Dynamic Factor Models for VAR Analysis

w11401 Sergio Rebelo
Real Business Cycle Models: Past, Present, and Future

w11354 William Nordhaus
The Sources of the Productivity Rebound and the Manufacturing Employment Puzzle

w11212 Troy Davig
Eric M. Leeper

Fluctuating Macro Policies and the Fiscal Theory

w11187 Ann M. Lawson
Brian C. Moyer
Sumiye Okubo
Mark A. Planting

Integrating Industry and National Economic Accounts: First Steps and Future Improvements

w11180 George-Marios Angeletos
UNINSURED IDIOSYNCRATIC INVESTMENT RISK

w11146 Michele Boldrin
Mariacristina De Nardi
Larry E. Jones

Fertility and Social Security

w11054 Dongchul Cho
Interest Rate, Inflation, and Housing Price: With an Emphasis on Chonsei Price in Korea


2004
w11000 N. Gregory Mankiw
Matthew Weinzierl

Dynamic Scoring: A Back-of-the-Envelope Guide

w10950 William Nordhaus
Retrospective on the 1970s Productivity Slowdown

w10921 Charles I. Jones
Dean Scrimgeour

The Steady-State Growth Theorem: A Comment on Uzawa (1961)

w10793 Jeremy Greenwood
Gokce Uysal

New Goods and the Transition to a New Economy

w10772 Jeremy Greenwood
Nezih Guner

Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households

w10767 Charles I. Jones
Growth and Ideas

w10765 Jeremy Greenwood
Ananth Seshadri

Technological Progress and Economic Transformation

w10737 Robert E. Hall
Charles I. Jones

The Value of Life and the Rise in Health Spending

w10733 Diego Comin
Bart Hobijn

Neoclassical Growth and the Adoption of Technologies

w10625 Diego Comin
R&D: A Small Contribution to Productivity Growth

w10617 Martin Eichenbaum
Jonas D.M. Fisher

Evaluating the Calvo Model of Sticky Prices

w10557 William A. Brock
M. Scott Taylor

The Green Solow Model

w10457 Charles I. Jones
The Shape of Production Function and the Direction of Technical Change

w10430 Martin Eichenbaum
Jonas Fisher

Fiscal Policy in the Aftermath of 9/11

w10351 V.V. Chari
Patrick J. Kehoe
Ellen McGrattan

Business Cycle Accounting

w10294 Assaf Razin
Aggregate Supply and Potential Output


2003
w10054 Francis Longstaff
Monika Piazzesi

Corporate Earnings and the Equity Premium

w10031 Lawrence J. Christiano
Jonas D. M. Fisher

Stock Market and Investment Goods Prices: Implications for Macroeconomics

w9946 Robert G. King
Julia K. Thomas

Partial Adjustment without Apology

w9772 Craig Burnside
Martin Eichenbaum
Jonas Fisher

Fiscal Shocks and Their Consequences

w9604 Rodolfo Manuelli
Ananth Seshadri

Frictionless Technology Diffusion: The Case of Tractors

w9442 Francesco Caselli
Nicola Gennaioli

Dynastic Management


2002
w8941 Russell W. Cooper
Estimation and Identification of Structural Parameters in the Presence of Multiple Equilibria

w8722 Andrew Atkeson
Patrick J. Kehoe

Measuring Organization Capital


2001
w8407 Michael Dotsey
Robert G. King

Pricing, Production and Persistence

w8313 Assaf Razin
Chi-Wa Yuen

The "New Keynesian" Phillips Curve: Closed Economy vs. Open Economy

w8296 Kala Krishna
Cemile Yavas

Lumpy Consumer Durables, Market Power, and Endogenous Business Cycles

w8226 Bennett T. McCallum
Should Monetary Policy Respond Strongly to Output Gaps?

w8130 Francesco Caselli
Wilbur John Coleman II

Cross-Country Technology Diffusion: The Case of Computers

w8077 Ellen R. McGrattan
Edward C. Prescott

Is the Stock Market Overvalued?


2000
w7908 Miguel Casares
Bennett T. McCallum

An Optimizing IS-LM Framework with Endogenous Investment

w7904 Francesco Caselli
Wilbur John Coleman II

The World Technology Frontier

w7809 Lawrence J. Christiano
Christopher J. Gust

The Expectations Trap Hypothesis

w5875 Bennett T. McCallum
Edward Nelson

An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis

w7534 Robert G. King
Sergio T. Rebelo

Resuscitating Real Business Cycles

w7515 Craig Burnside
Martin Eichenbaum
Jonas D.M. Fisher

Fiscal Shocks in an Efficiency Wage Model

w7461 David Romer
Keynesian Macroeconomics without the LM Curve


1999
w7375 Charles I. Jones
Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run

w7165 John C. Driscoll
Harumi Ito

Sticky Prices, Coordination and Collusion

w6283 Valerie A. Ramey
Matthew D. Shapiro

Costly Capital Reallocation and the Effects of Government Spending

w7055 Owen Lamont
Economic Tracking Portfolios

w7046 Marianne Baxter
Urban J. Jermann

Household Production and the Excess Sensitivity of Consumption to Current Income

w7017 Lawrence J. Christiano
Christopher J. Gust

Taylor Rules in a Limited Participation Model

w6926 Yin-Wong Cheung
Menzie D. Chinn

Are Macroeconomic Forecasts Informative? Cointegration Evidence from the ASA-NBER Surveys


1998
w6754 John B. Taylor
Staggered Price and Wage Setting in Macroeconomics

w6566 Olivier Blanchard
Revisiting European Unemployment: Unemployment, Capital Accumulation, and Factor Prices

w6393 Mark Bils
Peter J. Klenow

Does Schooling Cause Growth or the Other Way Around?


1997
w6267 Dan Ben-David
Convergence Clubs and Subsistence Economies

w6258 Olivier Jeanne
Generating Real Persistent Effects of Monetary Shocks: How Much Nominal Rigidity Do We Really Need?

w6095 Dan Ben-David
Michael B. Loewy

Free Trade, Growth, and Convergence

w6000 Mark Gertler
Government Debt and Social Security in a Life-Cycle Economy


1996
w5767 Jeffrey R. Campbell
Jonas D.M. Fisher

Aggregate Employment Fluctuations with Microeconomic Asymmetries

w5757 Ricardo J. Caballero
Mohamad L. Hammour

The Macroeconomics of Specificity

w5703 Lawrence J. Christiano
Sharon G. Harrison

Chaos, Sunspots, and Automatic Stabilizers


1995
w5308 Peter Boone
Politics and the Effectiveness of Foreign Aid

w5284 Owen Lamont
Macroeconomics Forecasts and Microeconomic Forecasters

w4706 Bennett T. McCallum
A Semi-Classical Model of Price Level Adjustment

w5198 Ricardo J. Caballero
Mohamad L. Hammour

On the Ills of Adjustment

w4206 Robert J. Barro
N. Gregory Mankiw
Xavier Sala-i-Martin

Capital Mobility in Neoclassical Models of Growth

w5043 Frederic S. Mishkin
The Rational Expectations Revolution: A Review Article of: Preston J. Miller, ed.:The Rational Expectations Revolution, Readings from the Front Line

w5022 Marianne Baxter
Robert G. King

Measuring Business Cycles Approximate Band-Pass Filters for Economic Time Series

t0174 Francis X. Diebold
Lee E. Ohanian
Jeremy Berkowitz

Dynamic Equilibrium Economies: A Framework for Comparing Models and Data


1994
w4887 Ricardo J. Caballero
Eduardo M.R.A. Engel

Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach

w4233 Bennett McCallum
Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies

w4744 Gordon H. Hanson
Localization Economies, Vertical Organization and Trade

w4736 Philippe Aghion
Olivier Jean Blanchard

On the Speed of Transition Central Europe

w4318 Stephen A. O'Connell
Stephen P. Zeldes

Dynamic Efficiency in the Gifts Economy

w4650 Julio J. Rotemberg
Michael Woodford

Is the Business Cycles a Necessary Consequence of Stochastic Growth?


1993
w4477 David N. Weil
Intergenerational Transfers, Aging, and Uncertainty


1992
w4014 James H. Stock
Mark W. Watson

A Procedure for Predicting Recessions With Leading Indicators: Econometric Issues and Recent Experience

w3990 Ray C. Fair
The Cowles Commission Approach, Real Business Cycle Theories, and New Keynesian Economics


1991
w3922 Ricardo J. Caballero
Mohamad L. Hammour

The Cleansing Effect of Recessions

w3756 Valerie A. Ramey
The Source of Fluctuations in Money: Evidence From Trade Credit

w3734 Ricardo J. Caballero
Eduardo M.R.A. Engel

Dynamic (S,s) Economies


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