NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in Monetary Economics

NBER Papers in Monetary Economics

browse older papers in this program

2010
w15736 James D. Hamilton
Tatsuyoshi Okimoto

Sources of Variation in Holding Returns for Fed Funds Futures Contracts

w15726 Takatoshi Ito
Great Inflation and Central Bank Independence in Japan

w15714 Michael Woodford
Simple Analytics of the Government Expenditure Multiplier

w15708 Efraim Benmelech
Nittai K. Bergman

Bankruptcy and the Collateral Channel

w15702 George J. Hall
Thomas J. Sargent

Interest Rate Risk and Other Determinants of Post-WWII U.S. Government Debt/GDP Dynamics

w15694 Daron Acemoglu
Pierre Yared

Political Limits to Globalization

w15693 Daron Acemoglu
Institutions, Factor Prices and Taxation: Virtues of Strong States?

w15690 Bennett T. McCallum
Is the Spurious Regression Problem Spurious?

w15688 Ralph S.J. Koijen
Hanno Lustig
Stijn Van Nieuwerburgh

The Cross-Section and Time-Series of Stock and Bond Returns

w15670 Kris James Mitchener
Marc D. Weidenmier

Searching for Irving Fisher

w15662 Ricardo Reis
Interpreting the Unconventional U.S. Monetary Policy of 2007-09

w15653 Zhiguo He
Wei Xiong

Rollover Risk and Credit Risk

w15645 Peter Temin
The Great Recession and the Great Depression

w15642 Jean Boivin
Robert Clark
Nicolas Vincent

Virtual Borders: Online Nominal Rigidities and International Market Segmentation

w15639 Carmen M. Reinhart
Kenneth S. Rogoff

Growth in a Time of Debt

w15636 Ricardo J. Caballero
The "Other" Imbalance and the Financial Crisis

w15631 Charles Yuji Horioka
Shizuka Sekita

The Degree of Judicial Enforcement and Credit Markets: Evidence from Japanese Household Panel Data

w15630 Andrew Levin
John B. Taylor

Falling Behind the Curve: A Positive Analysis of Stop-Start Monetary Policies and the Great Inflation


2009
w15626 Johannes C. Stroebel
John B. Taylor

Estimated Impact of the Fed’s Mortgage-Backed Securities Purchase Program

w15584 Michael D. Bordo
Harold James

The Great Depression Analogy

w15570 Alejandro Justiniano
Giorgio E. Primiceri
Andrea Tambalotti

Investment Shocks and Business Cycles

w15565 Volker Wieland
Quantitative Easing: A Rationale and Some Evidence from Japan

w15542 Arvind Krishnamurthy
How Debt Markets have Malfunctioned in the Crisis

w15534 Michael D. Bordo
Christopher M. Meissner
David Stuckler

Foreign Currency Debt, Financial Crises and Economic Growth: A Long Run View

w15512 Moritz Schularick
Alan M. Taylor

Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870–2008

w15505 Stephanie Schmitt-Grohe
Martin Uribe

On Quality Bias and Inflation Targets

w15494 Stephanie Schmitt-Grohé
Martín Uribe

Foreign Demand for Domestic Currency and the Optimal Rate of Inflation

w15487 Dimitri Vayanos
Jean-Luc Vila

A Preferred-Habitat Model of the Term Structure of Interest Rates

w15482 Zhiguo He
Wei Xiong

Dynamic Debt Runs

w15481 Wei Xiong
Jialin Yu

The Chinese Warrants Bubble

w15464 Valerie A. Ramey
Identifying Government Spending Shocks: It's All in the Timing

w15462 Todd M. Sinai
Nicholas S. Souleles

Can Owning a Home Hedge the Risk of Moving?

w15424 Stephen G. Cecchetti
Craig Hakkio

Inflation targeting and private sector forecasts

w15421 Claudia R. Sahm
Matthew D. Shapiro
Joel B. Slemrod

Household Response to the 2008 Tax Rebate: Survey Evidence and Aggregate Implications

w15414 Ricardo Lagos
Guillaume Rocheteau
Pierre-Olivier Weill

Crises and Liquidity in Over-the-Counter Markets

w15399 François Gourio
Disasters Risk and Business Cycles

w15388 David G. Blanchflower
Conall MacCoille

The formation of inflation expectations: an empirical analysis for the UK

w15385 Lars E.O. Svensson
Evaluating Monetary Policy

w15379 Stephen G. Cecchetti
Marion Kohler
Christian Upper

Financial Crises and Economic Activity

w15375 José-Víctor Ríos-Rull
Frank Schorfheide
Cristina Fuentes-Albero
Maxym Kryshko
Raül Santaeulàlia-Llopis

Methods versus Substance: Measuring the Effects of Technology Shocks on Hours

w15369 Robert J. Barro
Charles J. Redlick

Macroeconomic Effects from Government Purchases and Taxes

w15367 David O. Lucca
Francesco Trebbi

Measuring Central Bank Communication: An Automated Approach with Application to FOMC Statements

w15359 Emi Nakamura
Jón Steinsson

Lost in Transit: Product Replacement Bias and Pricing to Market

w15312 Robert B. Barsky
Eric R. Sims

News Shocks

w15306 Junhee Lee
Joonhyuk Song

Nature of Oil Price Shocks and Monetary Policy

w15297 Lasse Heje Pedersen
When Everyone Runs for the Exit

w15289 Vasco Cúrdia
Michael Woodford

Credit Spreads and Monetary Policy

w15283 Atif R. Mian
Amir Sufi

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis

w15273 Gary B. Gorton
Andrew Metrick

Haircuts

w15270 Andrew Ang
Jean Boivin
Sen Dong
Rudy Loo-Kung

Monetary Policy Shifts and the Term Structure

w15255 Emi Nakamura
Dawit Zerom

Accounting for Incomplete Pass-Through

w15247 Robert J. Barro
Tao Jin

On the Size Distribution of Macroeconomic Disasters

w15243 Fatih Guvenen
A Parsimonious Macroeconomic Model for Asset Pricing

w15234 Bennett T. McCallum
Causality, Structure, and the Uniqueness of Rational Expectations Equilibria

w15223 Gary B. Gorton
Andrew Metrick

Securitized Banking and the Run on Repo

w15208 David H. Romer
A New Data Set on Monetary Policy: The Economic Forecasts of Individual Members of the FOMC

w15204 Peter Blair Henry
Diego Sasson

Capital Market Integration and Wages

w15197 Douglas W. Diamond
Raghuram G. Rajan

Illiquidity and Interest Rate Policy

w15187 Yuriy Gorodnichenko
Serena Ng

Estimation of DSGE Models When the Data are Persistent

w15173 Laurence M. Ball
Policy Responses to Exchange-Rate Movements

w15170 John Geanakoplos
Stephen P. Zeldes

Market Valuation of Accrued Social Security Benefits

w15165 John B. Donaldson
Natalia Gershun
Marc P. Giannoni

Some Unpleasant General Equilibrium Implications of Executive Incentive Compensation Contracts

w15158 Nuno Cassola
Ali Hortacsu
Jakub Kastl

The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds

w15138 Emmanuel Farhi
Jean Tirole

Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts

w15123 Espen Henriksen
Finn E. Kydland
Roman Sustek

The High Cross-Country Correlations of Prices and Interest Rates

w15118 Willem H. Buiter
Negative Nominal Interest Rates: Three ways to overcome the zero lower bound

w15117 Michael W. L. Elsby
Matthew D. Shapiro

Stepping Off the Wage Escalator: The Effects of Wage Growth on Equilibrium Employment

w15113 James Feyrer
Jay C. Shambaugh

Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks

w15093 Shang-Jin Wei
Xiaobo Zhang

The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China

w15083 Raghuram G. Rajan
Rodney Ramcharan

Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century

w15072 Harald Uhlig
A Model of a Systemic Bank Run

w15071 N. Gregory Mankiw
Matthew Weinzierl
Danny Yagan

Optimal Taxation in Theory and Practice

w15052 Robert B. Barsky
The Japanese Bubble: A 'Heterogeneous' Approach

w15049 Robert B. Barsky
Eric R. Sims

Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence

w15045 Efraim Benmelech
Jennifer Dlugosz

The Credit Rating Crisis

w15040 Arvind Krishnamurthy
Amplification Mechanisms in Liquidity Crises

w15029 Diego A. Comin
Mark Gertler
Ana Maria Santacreu

Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations

w15020 Yuko Hashimoto
Takatoshi Ito

Effects of Japanese Macroeconomic Announcements on the Dollar/Yen Exchange Rate: High-Resolution Picture

w15015 Olivier J. Blanchard
Jean-Paul L'Huillier
Guido Lorenzoni

News, Noise, and Fluctuations: An Empirical Exploration

w15014 John Y. Campbell
Robert J. Shiller
Luis M. Viceira

Understanding Inflation-Indexed Bond Markets

w15010 Andrew B. Abel
Janice C. Eberly
Stavros Panageas

Optimal Inattention to the Stock Market with Information Costs and Transactions Costs

w15003 George-Marios Angeletos
Jennifer La'O

Incomplete Information, Higher-Order Beliefs and Price Inertia

w15002 James D. Hamilton
Causes and Consequences of the Oil Shock of 2007-08

w14996 Harald Uhlig
Monetary policy in Europe vs the US: what explains the difference?

w14993 Peter L. Rousseau
Monetary Policy and the Dollar

w14982 George-Marios Angeletos
Jennifer La'O

Noisy Business Cycles

w14976 N. Gregory Mankiw
Matthew Weinzierl

The Optimal Taxation of Height: A Case Study of Utilitarian Income Redistribution

w14938 Gita Gopinath
Pierre-Olivier Gourinchas
Chang-Tai Hsieh
Nicholas Li

Estimating the Border Effect: Some New Evidence

w14933 Julio J. Rotemberg
Altruistic Dynamic Pricing with Customer Regret

w14929 Thomas Philippon
Philipp Schnabl

Efficient Recapitalization

w14927 Eyal Dvir
Kenneth S. Rogoff

Three Epochs of Oil

w14925 Douglas W. Diamond
Raghuram G. Rajan

Fear of Fire Sales and the Credit Freeze

w14904 Barry Eichengreen
Ashoka Mody
Milan Nedeljkovic
Lucio Sarno

How the Subprime Crisis Went Global: Evidence from Bank Credit Default Swap Spreads

w14902 Stefan Laséen
Lars E.O. Svensson

Anticipated Alternative Instrument-Rate Paths in Policy Simulations

w14895 Riccardo DiCecio
Edward Nelson

The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes

w14894 Riccardo DiCecio
Edward Nelson

Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model

w14882 Hyungsik Roger Moon
Frank Schorfheide

Bayesian and Frequentist Inference in Partially Identified Models

w14874 Yuriy Gorodnichenko
Enrique G. Mendoza
Linda L. Tesar

The Finnish Great Depression: From Russia with Love

w14872 Frank Schorfheide
Keith Sill
Maxym Kryshko

DSGE Model-Based Forecasting of Non-modelled Variables

w14870 S. Boragan Aruoba
Frank Schorfheide

Sticky Prices Versus Monetary Frictions: An Estimation of Policy Trade-offs

w14863 Simon Gilchrist
Vladimir Yankov
Egon Zakrajsek

Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets

w14862 Marvin Goodfriend
Robert G. King

The Great Inflation Drift

w14849 John B. Taylor
Volker Wieland

Surprising Comparative Properties of Monetary Models: Results from a New Data Base

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

w14829 Charles Engel
Currency Misalignments and Optimal Monetary Policy: A Reexamination

w14824 Pierpaolo Benigno
New-Keynesian Economics: An AS-AD View

w14818 Laurence M. Ball
Hysteresis in Unemployment: Old and New Evidence

w14815 Ravi Bansal
Ivan Shaliastovich

Confidence Risk and Asset Prices

w14814 Ravi Bansal
Ivan Shaliastovich

Learning and Asset-Price Jumps

w14787 Mark Bils
Peter J. Klenow
Benjamin A. Malin

Reset Price Inflation and the Impact of Monetary Policy Shocks

w14770 Jess Benhabib
A Note on Regime Switching, Monetary Policy, and Multiple Equilibria

w14761 Vasiliki Skreta
Laura Veldkamp

Ratings Shopping and Asset Complexity: A Theory of Ratings Inflation

w14754 Miles S. Kimball
Claudia R. Sahm
Matthew D. Shapiro

Risk Preferences in the PSID: Individual Imputations and Family Covariation

w14753 Matthew D. Shapiro
Joel B. Slemrod

Did the 2008 Tax Rebates Stimulate Spending?

w14739 Douglas W. Diamond
Raghuram Rajan

The Credit Crisis: Conjectures about Causes and Remedies

w14735 Reint Gropp
Anil Kashyap

A New Metric for Banking Integration in Europe

w14734 Pierpaolo Benigno
Salvatore Nisticò

International Portfolio Allocation under Model Uncertainty

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

w14722 Antonio Fatas
Ilian Mihov

The Euro and Fiscal Policy

w14710 Roger E.A. Farmer
Tao Zha
Daniel F. Waggoner

Understanding Markov-Switching Rational Expectations Models

w14701 John Y. Campbell
Adi Sunderam
Luis M. Viceira

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

w14678 Frederic S. Mishkin
Is Monetary Policy Effective During Financial Crises?

w14669 Monika Piazzesi
Martin Schneider

Momentum traders in the housing market: survey evidence and a search model

w14665 Jonathan A. Parker
Annette Vissing-Jorgensen

Who Bears Aggregate Fluctuations and How?

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?

w14659 Sumit Agarwal
Paige M. Skiba
Jeremy Tobacman

Payday Loans and Credit Cards: New Liquidity and Credit Scoring Puzzles?

w14657 Michael D. Bordo
Ronald MacDonald
Michael J. Oliver

Sterling in crisis: 1964-1967

w14651 Oleksiy Kryvtsov
Virgiliu Midrigan

Inventories, Markups, and Real Rigidities in Menu Cost Models

w14649 Gary B. Gorton
Information, Liquidity, and the (Ongoing) Panic of 2007

w14631 John B. Taylor
The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong


Generated Tue Feb 9 03:45:11 2010

 
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