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Working Papers

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Working Paper 356 (Revised July 1987)

Equilibrium Existence in an Overlapping Generations Model With Altruistic Preferences
S. Rao Aiyagari
Published In: Journal of Economic Theory (Vol 47, Num 1, February 1989, pp. 130-152)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 341 (July 1987)

Household Choices in Equilibrium
Sumru Altug, Robert A. Miller
Published In: Econometrica (Vol. 58, No. 3, May 1990, pp. 343-570)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 338 (February 1987)

Dynamic Properties of Two Approximate Solutions to a Particular Growth Model
Lawrence J. Christiano
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 325 (Revised March 1987)

Nonmonetary Steady States in Stationary Overlapping Generations Models With Long Lived Agents and Discounting: Multiplicity, Optimality, and Consumption Smoothing
S. Rao Aiyagari
Published In: Journal of Economic Theory (Vol. 45, No. 1, June 1988, pp. 102-127)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 320 (Revised February 1988)

Banking Panics, Information, and Rational Expectations Equilibrium
V. V. Chari, Ravi Jagannathan
Published In: Credit, intermediation, and the macroeconomy: Readings and perspectives in modern financial theory (2004, pp. 265-279)
Published In: Journal of Finance (Vol. 43, No. 3, July 1988, pp. 749-61)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 312 (Revised November 1986)

Optimality and Monetary Equilibria in Stationary Overlapping Generations Models With Long Lived Agents: Growth Versus Discounting
S. Rao Aiyagari
Published In: Journal of Economic Theory (Vol. 43, No. 2, December 1987, pp. 292-313)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 306 (June 1987)

Temporal Aggregation and Structural Inference in Macroeconomics
Lawrence J. Christiano, Martin Eichenbaum
Published In: Carnegie-Rochester Conference Series on Public Policy (Vol. 26, Spring 1987, pp. 63-130)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 304 (March 1986)

A Continuous Time, General Equilibrium, Inventory-Sales Model
Lawrence J. Christiano, Martin Eichenbaum
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 303 (March 1986)

On the Accuracy of Linear Quadratic Approximations: An Example
Lawrence J. Christiano
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 302 (April 1986)

Temporal Aggregation Bias and Government Policy Evaluation
Lawrence J. Christiano
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 301 (May 1987)

Estimating Continuous Time Rational Expectations Models in Frequency Domain: A Case Study
Lawrence J. Christiano
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 297 (Revised February 1986)

The Limits of Counter-Cyclical Monetary Policy: An Analysis Based on Optimal Control Theory and Vector Autoregressions
Robert B. Litterman
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 296 (Revised January 1986)

Bank Holding Company Diversification Into Nonbank Lines of Business: The Effects on Risk and Rate of Return
John H. Boyd, Stanley L. Graham
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 293 (January 1986)

Government Debt and Taxes
Thomas J. Sargent
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 280 (April 1985)

Identification and Estimation of a Model of Hyperinflation With a Continuum of "Sunspot" Equilibrium
Thomas J. Sargent, Neil Wallace
[Paper available on-line as PDF (Adobe Acrobat) file]

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