NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in Monetary Economics


2013
w19136 Loukas Karabarbounis
Brent Neiman

The Global Decline of the Labor Share

w19129 Mark Gertler
Nobuhiro Kiyotaki

Banking, Liquidity and Bank Runs in an Infinite-Horizon Economy

w19112 Michael D. Bordo
Harold James

The European Crisis in the Context of the History of Previous Financial Crises

w19099 Christopher J. Nekarda
Valerie A. Ramey

The Cyclical Behavior of the Price-Cost Markup

w19079 David G. Blanchflower
Andrew J. Oswald

Does High Home-Ownership Impair the Labor Market?

w19056 James D. Hamilton
Jing Cynthia Wu

Risk Premia in Crude Oil Futures Prices

w19050 Rajkamal Iyer
Manju Puri
Nicholas Ryan

Do Depositors Monitor Banks?

w19039 Viral V. Acharya
Sascha Steffen

The “Greatest” Carry Trade Ever? Understanding Eurozone Bank Risks

w19026 Michael D. Bordo
Angela Redish

Putting the ‘System’ in the International Monetary System

w19025 Matteo Cacciatore
Giuseppe Fiori
Fabio Ghironi

Market Deregulation and Optimal Monetary Policy in a Monetary Union

w19022 Guillermo Ordonez
Sustainable Shadow Banking

w19015 Loukas Karabarbounis
The Labor Wedge: MRS vs. MPN

w19010 Diego A. Comin
Martí Mestieri Ferrer

If Technology Has Arrived Everywhere, Why has Income Diverged?

w19009 Venky Venkateswaran
Randall Wright

Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity

w19008 George J. Hall
Thomas J. Sargent

Fiscal Discriminations in Three Wars

w19000 Alisdair McKay
Ricardo Reis

The Role of Automatic Stabilizers in the U.S. Business Cycle

w18990 Rüdiger Bachmann
Peter Zorn

What Drives Aggregate Investment?

w18989 Rüdiger Bachmann
Steffen Elstner

Firms’ Optimism and Pessimism

w18985 Linda S. Goldberg
Cédric Tille

A Bargaining Theory of Trade Invoicing and Pricing

w18968 Viral V. Acharya
Robert Engle
Diane Pierret

Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights

w18960 Benjamin M. Friedman
The Simple Analytics of Monetary Policy: A Post-Crisis Approach

w18949 Kerwin Kofi Charles
Erik Hurst
Matthew J. Notowidigdo

Manufacturing Decline, Housing Booms, and Non-Employment

w18943 Tobias Adrian
Hyun Song Shin

Procyclical Leverage and Value-at-Risk

w18942 Valentina Bruno
Hyun Song Shin

Capital Flows and the Risk-Taking Channel of Monetary Policy

w18941 Alejandro Justiniano
Giorgio E. Primiceri
Andrea Tambalotti

Household Leveraging and Deleveraging

w18912 Andrew G. Atkeson
Andrea L. Eisfeldt
Pierre-Olivier Weill

The Market for OTC Derivatives

w18911 Qingyuan Du
Shang-Jin Wei

A Theory of Competitive Saving Motive

w18906 Michael Sockin
Wei Xiong

Feedback Effects of Commodity Futures Prices

w18904 Ing-Haw Cheng
Sahil Raina
Wei Xiong

Wall Street and the Housing Bubble

w18895 Kris James Mitchener
Gary Richardson

Does “Skin in the Game” Reduce Risk Taking? Leverage, Liability and the Long-Run Consequences of New Deal Banking Reforms

w18890 Mary Amiti
David E. Weinstein

How Much do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data

w18888 Carmen M. Reinhart
Kenneth S. Rogoff

Shifting Mandates: The Federal Reserve’s First Centennial

w18883 Marianne Bertrand
Adair Morse

Trickle-Down Consumption

w18870 Ulrich Mueller
Mark W. Watson

Measuring Uncertainty about Long-Run Prediction

w18864 Marco Bassetto
Christopher Phelan

Speculative Runs on Interest Rate Pegs

w18860 Yuriy Gorodnichenko
Michael Weber

Are Sticky Prices Costly? Evidence From The Stock Market

w18857 Augustin Landier
David Sraer
David Thesmar

Banks Exposure to Interest Rate Risk and The Transmission of Monetary Policy

w18829 Ariel Burstein
Gita Gopinath

International Prices and Exchange Rates

w18828 Michael D. Bordo
Hugh Rockoff

Not Just the Great Contraction: Friedman and Schwartz’s A Monetary History of the United States 1867 to 1960

w18826 Pascal Michaillat
Emmanuel Saez

A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters

w18806 Jordi Galí
Monetary Policy and Rational Asset Price Bubbles

w18800 George-Marios Angeletos
Fabrice Collard
Harris Dellas
Behzad Diba

Optimal Public Debt Management and Liquidity Provision

w18766 Jaromir Nosal
Guillermo Ordoñez

Uncertainty as Commitment

w18762 Jing Wu
Joseph Gyourko
Yongheng Deng

Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?

w18761 Peter A. Diamond
Cyclical Unemployment, Structural Unemployment

w18759 Robert J. Barro
Sanjay P. Misra

Gold Returns

w18751 Kathryn M.E. Dominguez
Matthew D. Shapiro

Forecasting the Recovery from the Great Recession: Is This Time Different?

w18746 Christina D. Romer
David H. Romer

The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression

w18737 Ricardo J. Caballero
Emmanuel Farhi

A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy

w18732 Gary B. Gorton
Guillermo Ordoñez

The Supply and Demand for Safe Assets

w18730 Ricardo Reis
The Mystique Surrounding the Central Bank's Balance Sheet, Applied to the European Crisis

w18716 John B. Taylor
International Monetary Coordination and the Great Deviation

w18705 Emi Nakamura
Jón Steinsson

Price Rigidity: Microeconomic Evidence and Macroeconomic Implications

w18668 Laurence M. Ball
Daniel Leigh
Prakash Loungani

Okun's Law: Fit at Fifty?

w18665 David Card
Stefano DellaVigna

Nine Facts about Top Journals in Economics


2012
w18651 Jordi Galí
Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment

w18644 Ricardo J. Caballero
Joseph B. Doyle

Carry Trade and Systemic Risk: Why are FX Options so Cheap?

w18611 Gary Gorton
Andrew Metrick

Securitization

w18569 Luis Felipe Céspedes
Andrés Velasco

Macroeconomic Performance During Commodity Price Booms and Busts

w18563 Alberto Cavallo
Brent Neiman
Roberto Rigobon

Product Introductions, Currency Unions, and the Real Exchange Rate

w18557 Sebastian Edwards
The Federal Reserve, Emerging Markets, and Capital Controls: A High Frequency Empirical Investigation

w18544 Stephanie Schmitt-Grohé
Martín Uribe

The Making Of A Great Contraction With A Liquidity Trap and A Jobless Recovery

w18513 Zhiguo He
Asaf Manela

Information Acquisition in Rumor Based Bank Runs

w18510 Jonathan A. Parker
LEADS on Macroeconomic Risks to and from the Household Sector

w18467 Domenico Giannone
Michele Lenza
Giorgio E. Primiceri

Prior Selection for Vector Autoregressions

w18455 Gary B. Gorton
Andrew Metrick

Who Ran on Repo?

w18445 Richard Blundell
Luigi Pistaferri
Itay Saporta-Eksten

Consumption Inequality and Family Labor Supply

w18434 Luca Sala
Ulf Söderström
Antonella Trigari

Structural and Cyclical Forces in the Labor Market During the Great Recession: Cross-Country Evidence

w18432 Finn E. Kydland
Peter Rupert
Roman Sustek

Housing Dynamics over the Business Cycle

w18431 Luis Felipe Céspedes
Roberto Chang
Andrés Velasco

Financial Intermediation, Exchange Rates, and Unconventional Policy in an Open Economy

w18427 Charles W. Calomiris
Joseph R. Mason
Marc Weidenmier
Katherine Bobroff

The Effects of Reconstruction Finance Corporation Assistance on Michigan’s Banks’ Survival in the 1930s

w18420 Susanto Basu
Brent Bundick

Uncertainty Shocks in a Model of Effective Demand

w18409 Peter N. Ireland
The Macroeconomic Effects of Interest on Reserves

w18398 Markus K. Brunnermeier
Martin Oehmke

Bubbles, Financial Crises, and Systemic Risk

w18397 Gary B. Gorton
Some Reflections on the Recent Financial Crisis

w18382 Charles Engel
Nelson C. Mark
Kenneth D. West

Factor Model Forecasts of Exchange Rates

w18381 Emmanuel Farhi
Iván Werning

Fiscal Multipliers: Liquidity Traps and Currency Unions

w18360 Guillermo Ordoñez
The Asymmetric Effects of Financial Frictions

w18370 Robert E. Hall
The Cyclical Response of Advertising Refutes Counter-Cyclical Profit Margins in Favor of Product-Market Frictions

w18362 Hideaki Hirata
M. Ayhan Kose
Christopher Otrok
Marco E. Terrones

Global House Price Fluctuations: Synchronization and Determinants

w18358 Michael J. Fishman
Jonathan A. Parker

Valuation, Adverse Selection, and Market Collapses

w18357 Ravi Bansal
Ivan Shaliastovich

A Long-Run Risks Explanation of Predictability Puzzles in Bond and Currency Markets

w18348 Seonghoon Cho
Bennett T. McCallum

Refining Linear Rational Expectations Models and Equilibria

w18335 Tobias Adrian
Paolo Colla
Hyun Song Shin

Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9

w18339 John Y. Campbell
Mortgage Market Design

w18336 Alberto Alesina
Carlo Favero
Francesco Giavazzi

The Output Effect of Fiscal Consolidations

w18323 Bennett T. McCallum
A Continuity Refinement for Rational Expectations Solutions

w18321 Ralph S.J. Koijen
Motohiro Yogo

The Cost of Financial Frictions for Life Insurers

w18305 Ravi Bansal
Dana Kiku
Amir Yaron

Risks For the Long Run: Estimation with Time Aggregation

w18295 Robert J. Barro
Convergence and Modernization Revisited

w18290 Alan M. Taylor
The Great Leveraging

w18287 Takeo Hoshi
Takatoshi Ito

Defying Gravity: How Long Will Japanese Government Bond Prices Remain High?

w18280 Ivan Werning
Emmanuel Farhi

Fiscal Unions

w18273 Olivier Coibion
Yuriy Gorodnichenko
Gee Hee Hong

The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications

w18264 Carola Frydman
Eric Hilt
Lily Y. Zhou

Economic Effects of Runs on Early 'Shadow Banks': Trust Companies and the Impact of the Panic of 1907

w18245 Nicholas Bloom
Max Floetotto
Nir Jaimovich
Itay Saporta-Eksten
Stephen J. Terry

Really Uncertain Business Cycles

w18225 Quamrul Ashraf
Boris Gershman
Peter Howitt

How Inflation Affects Macroeconomic Performance: An Agent-Based Computational Investigation

w18222 Erik Snowberg
Justin Wolfers
Eric Zitzewitz

Prediction Markets for Economic Forecasting

w18215 Bennett T. McCallum
Determinacy, Learnability, Plausibility, and the Role of Money in New Keynesian Models

w18199 Emmanuel Farhi
Ivan Werning

Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates

w18195 Yuriy Kitsul
Jonathan H. Wright

The Economics of Options-Implied Inflation Probability Density Functions

w18194 Michael D. Bordo
Joseph G. Haubrich

Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record

w18178 Daron Acemoglu
Martin Kaae Jensen

Robust Comparative Statics in Large Dynamic Economies

w18170 Olivier Coibion
Yuriy Gorodnichenko
Lorenz Kueng
John Silvia

Innocent Bystanders? Monetary Policy and Inequality in the U.S.

w18149 Mark Bils
Peter J. Klenow
Benjamin A. Malin

Testing for Keynesian Labor Demand

w18142 Miles S. Kimball
"Getting the Biggest Bang for the Buck in Fiscal Policy"

w18128 Emi Nakamura
Dmitriy Sergeyev
Jón Steinsson

Growth-Rate and Uncertainty Shocks in Consumption: Cross-Country Evidence

w18102 Markus K. Brunnermeier
Thomas M. Eisenbach
Yuliy Sannikov

Macroeconomics with Financial Frictions: A Survey

w18094 James H. Stock
Mark W. Watson

Disentangling the Channels of the 2007-2009 Recession

w18085 Jordi Galí
Frank Smets
Rafael Wouters

Slow Recoveries: A Structural Interpretation

w18072 Philippe Aghion
Emmanuel Farhi
Enisse Kharroubi

Monetary Policy, Liquidity, and Growth

w18059 Todd M. Sinai
House Price Moments in Boom-Bust Cycles

w18035 Fatih Guvenen
Serdar Ozkan
Jae Song

The Nature of Countercyclical Income Risk

w18031 Stephanie Schmitt-Grohe
Martin Uribe

Prudential Policy for Peggers

w18027 Raghuram Rajan
Rodney Ramcharan

The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s.

w18021 Matthew Jaremski
Peter L. Rousseau

Banks, Free Banks, and U.S. Economic Growth

w18015 Carmen M. Reinhart
Vincent R. Reinhart
Kenneth S. Rogoff

Debt Overhangs: Past and Present

w17998 Domenico Ferraro
Kenneth S. Rogoff
Barbara Rossi

Can Oil Prices Forecast Exchange Rates?

w17984 Michael D. Bordo
Owen Humpage
Anna J. Schwartz

Epilogue: Foreign-Exchange-Market Operations in the Twenty-First Century

w17978 Mario J. Crucini
Christopher I. Telmer

Microeconomic Sources of Real Exchange Rate Variability

w17967 Michael Woodford
Inflation Targeting and Financial Stability

w17958 Rüdiger Bachmann
Tim O. Berg
Eric R. Sims

Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence

w17956 Martin S. Eichenbaum
Nir Jaimovich
Sergio Rebelo
Josephine Smith

How Frequent Are Small Price Changes?

w17944 Pierpaolo Benigno
Federica Romei

Debt Deleveraging and The Exchange Rate

w17941 Carmen M. Reinhart
A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises

w17934 Nobuhiro Kiyotaki
John Moore

Liquidity, Business Cycles, and Monetary Policy

w17924 Rüdiger Bachmann
Lin Ma

Lumpy Investment, Lumpy Inventories

w17909 Charles A.E. Goodhart
Anil K Kashyap
Dimitrios P. Tsomocos
Alexandros P. Vardoulakis

Financial Regulation in General Equilibrium

w17906 Jon Faust
Abhishek Gupta

Posterior Predictive Analysis for Evaluating DSGE Models

w17900 Cosmin Ilut
Martin Schneider

Ambiguous Business Cycles

w17896 Michael D. Bordo
Christopher M. Meissner

Does Inequality Lead to a Financial Crisis?

w17885 Michael T. Belongia
Peter N. Ireland

The Barnett Critique After Three Decades: A New Keynesian Analysis

w17860 Christina D. Romer
David H. Romer

The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era

w17858 Juliano J. Assunção
Efraim Benmelech
Fernando S. S. Silva

Repossession and the Democratization of Credit

w17838 Viral V. Acharya
Nada Mora

Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis

w17836 Laurence M. Ball
Ben Bernanke and the Zero Bound

w17830 Atif R. Mian
Amir Sufi

What explains high unemployment? The aggregate demand channel

w17823 Lars E.O. Svensson
Practical Monetary Policy: Examples from Sweden and the United States

w17822 Shekhar Aiyar
Charles W. Calomiris
Tomasz Wieladek

Does Macro-Pru Leak? Evidence from a UK Policy Experiment

w17791 Daniel F. Waggoner
Tao Zha

Confronting Model Misspecification in Macroeconomics

w17787 Valerie A. Ramey
Government Spending and Private Activity

w17780 Joon-Ho Hahm
Frederic S. Mishkin
Hyun Song Shin
Kwanho Shin

Macroprudential Policies in Open Emerging Economies

w17778 Gary B. Gorton
Andrew Metrick

Getting up to Speed on the Financial Crisis: A One-Weekend-Reader's Guide

w17777 Gary B. Gorton
Stefan Lewellen
Andrew Metrick

The Safe-Asset Share

w17772 James D. Hamilton
Jing Cynthia Wu

Identification and Estimation of Gaussian Affine Term Structure Models

w17771 Gary B. Gorton
Guillermo Ordonez

Collateral Crises

w17769 Leonid Kogan
Dimitris Papanikolaou
Amit Seru
Noah Stoffman

Technological Innovation, Resource Allocation, and Growth

w17768 Arvind Krishnamurthy
Stefan Nagel
Dmitry Orlov

Sizing Up Repo

w17736 Sumit Agarwal
David Lucca
Amit Seru
Francesco Trebbi

Inconsistent Regulators: Evidence From Banking

w17723 Tim Landvoigt
Monika Piazzesi
Martin Schneider

The Housing Market(s) of San Diego


Generated Tue Jun 18 00:01:03 2013

 
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