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Working Papers

Working Paper 717 (Revised July 2015)

Equilibrium with Mutual Organizations in Adverse Selection Economies
Adam Blandin, John H. Boyd, and Edward C. Prescott
PDF Version

Working Paper 727 (July 2015)

Equilibrium Labor Market Search and Health Insurance Reform
Naoki Aizawa and Hanming Fang
PDF Version

Working Paper 726 (June 2015)

Monetary Policy and Dutch Disease: The Case of Price and Wage Rigidity
Constantino Hevia and Juan Pablo Nicolini
PDF Version

Working Paper 697 (Revised June 2015)

Understanding the Long-Run Decline in Interstate Migration
Greg Kaplan and Sam Schulhofer-Wohl
PDF Version

Working Paper 725 (June 2015)

Understanding the Long-Run Decline in Interstate Migration: Online Appendix
Greg Kaplan and Sam Schulhofer-Wohl
PDF Version

Working Paper 724 (May 2015)

Four Models of Knowledge Diffusion and Growth
Erzo G.J. Luttmer
PDF Version

Working Paper 723 (May 2015)

Sovereign Default: The Role of Expectations
Juan Pablo Nicolini, Pedro Teles, Joao Luiz Ayres, and Gaston Navarro
PDF Version

Working Paper 722 (April 2015)

The Pass-Through of Sovereign Risk
Luigi Bocola
PDF Version

Working Paper 720 (February 2015)

Stock Market Volatility and Learning
Klaus Adam, Albert Marcet, and Juan Pablo Nicolini
Forthcoming In: Journal of Finance
PDF Version

Working Paper 721 (February 2015)

Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers
Robert E. Hall and Sam Schulhofer-Wohl
PDF Version

Working Paper 718 (February 2015)

On the Stability of Money Demand
Robert E. Lucas, Jr. and Juan Pablo Nicolini
Forthcoming In: Journal of Monetary Economics
PDF Version

Working Paper 719 (January 2015)

What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?
Fatih Guvenen, Fatih Karahan, Serdar Ozkan, and Jae Song
PDF Version

Working Paper 712 (Revised October 2014)

The Illusion of School Choice: Empirical Evidence from Barcelona
Maia Guell and Caterina Calsamiglia
PDF Version

Working Paper 716 (October 2014)

The Glass Ceiling and the Paper Floor: Gender Differences among Top Earners, 1981–2012
Fatih Guvenen, Greg Kaplan, and Jae Song
PDF Version

Working Paper 715 (September 2014)

An Assignment Model of Knowledge Diffusion and Income Inequality
Erzo G.J. Luttmer
PDF Version

Working Paper 714 (July 2014)

Liquidity Traps and Monetary Policy: Managing a Credit Crunch
Juan Pablo Nicolini and Francisco Buera
PDF Version

Working Paper 713 (May 2014)

Is There a Stable Relationship between Unemployment and Future Inflation? Evidence from U.S. Cities
Juan Pablo Nicolini and Terry J. Fitzgerald
PDF Version

Working Paper 711 (April 2014)

The Over-the-Counter Theory of the Fed Funds Market: A Primer
Ricardo Lagos and Gara Afonso
PDF Version

Working Paper 710 (March 2014)

Trade Dynamics in the Market for Federal Funds
Ricardo Lagos and Gara Afonso
PDF Version

Working Paper 709 (March 2014)

Search-Based Models of Money and Finance: An Integrated Approach
Randall Wright and Alberto Trejos
PDF Version

Working Paper 708 (March 2014)

An Empirical Study of Trade Dynamics in the Fed Funds Market
Ricardo Lagos and Gara Afonso
PDF Version

Working Paper 700 (Revised September 2013)

Migration, Congestion Externalities, and the Evaluation of Spatial Investments
Sam Schulhofer-Wohl and Taryn Dinkelman
PDF Version

Working Paper 707 (June 2013)

The Age-Time-Cohort Problem and the Identification of Structural Parameters in Life-Cycle Models
Sam Schulhofer-Wohl
PDF Version

Working Paper 706 (June 2013)

Portfolio Choices and Risk Preferences in Village Economies
Robert Townsend, Sam Schulhofer-Wohl, Pierre-Andre Chiappori, and Krislert Samphantharak
PDF Version

Working Paper 705 (April 2013)

Reconciling Consumption Inequality with Income Inequality
Vadym Lepetyuk and Christian A. Stoltenberg
PDF Version

Working Paper 704 (April 2013)

Women’s Emancipation through Education: A Macroeconomic Analysis
Fatih Guvenen and Michelle Rendall
Published In: Social Science Research Network (Electronic Journal)
PDF Version

Working Paper 703 (February 2013)

The Stolper-Samuelson Effects of a Decline in Aggregate Consumption
Erzo G.J. Luttmer
PDF Version

Working Paper 702 (February 2013)

Optimal Devaluations
Juan Pablo Nicolini and Constantino Hevia
Published In: IMF Economic Review (Vol. 61, 2013, pp. 22-51)
PDF Version

Working Paper 693 (Revised November 2012)

Catch-up Growth Followed by Stagnation: Mexico, 1950–2010
Timothy J. Kehoe and Felipe Meza
Published In: Latin American Journal of Economics (Vol. 48, No. 2, November 2011, pp. 227-268)
PDF Version

Working Paper 701 (September 2012)

Real-Time Forecasting with a Mixed-Frequency VAR
Frank Schorfheide and Dongho Song
PDF Version

Working Paper 699 (August 2012)

Eventually, Noise and Imitation Implies Balanced Growth
Erzo G.J. Luttmer
PDF Version

Working Paper 698 (August 2012)

Unconventional Fiscal Policy at the Zero Bound
Isabel Correia, Juan Pablo Nicolini, Pedro Teles, and Emmanuel Farhi
Published In: American Economic Review (Vol. 103, No. 4, June 2013)
PDF Version

Working Paper 683 (Revised July 2012)

Heterogeneity and Risk Sharing in Village Economies
Robert Townsend, Sam Schulhofer-Wohl, Pierre-Andre Chiappori, and Krislert Samphantharak
PDF Version

Working Paper 694 (Revised May 2012)

The Labor Productivity Puzzle
Edward C. Prescott and Ellen R. McGrattan
Published In: Government Policies and the Delayed Economic Recovery (Hoover Institution Press, 2012, pp. 115-154)
PDF Version

Working Paper 696 (Revised March 2012)

Slow Convergence in Economies with Firm Heterogeneity
Erzo G.J. Luttmer
PDF Version

Working Paper 695 (February 2012)

Clearing Arrangements in the United States before the Federal Reserve System
Warren E. Weber
PDF Version

Working Paper 679 (Revised December 2011)

Bank Liability Insurance Schemes Before 1865
Warren E. Weber
PDF Version

Working Paper 692 (November 2011)

On Efficiently Financing Retirement
Edward C. Prescott and Ellen R. McGrattan
PDF Version

Working Paper 687 (Revised November 2011)

Technology Capital Transfer
Edward C. Prescott, Ellen R. McGrattan, and Thomas J. Holmes
PDF Version

Working Paper 688 (October 2011)

Innovation and Growth with Financial, and other, Frictions
Randall Wright, Jonathan Chiu, and Cesaire Meh
PDF Version

Working Paper 689 (October 2011)

Endogenous Credit Cycles
Randall Wright and Chao Gu
PDF Version

Working Paper 690 (October 2011)

Sticky Prices: A New Monetarist Approach
Randall Wright, Allen Head, Lucy Qian Liu, and Guido Menzio
PDF Version

Working Paper 691 (October 2011)

Buyers, Sellers and Middlemen: Variations in Search Theory
Randall Wright and Yuet-Yee Wong
PDF Version

Working Paper 686 (April 2011)

Do Newspapers Matter? Short-Run and Long-Run Evidence from the Closure of The Cincinnati Post
Sam Schulhofer-Wohl and Miguel Garrido
PDF Version

Working Paper 685 (April 2011)

Costly Financial Intermediation in Neoclassical Growth Theory
Edward C. Prescott, Rajnish Mehra, and Facundo Piguillem
Published In: Quantative Economics (Vol. 2, No. 1, March 2011, pp. 1-36)
PDF Version

Working Paper 684 (March 2011)

Intergenerational Redistribution in the Great Recession
Dirk Krueger, José-Víctor Ríos-Rull, Jonathan Heathcote, and Andrew Glover
PDF Version

Working Paper 682 (December 2010)

Negative Equity Does Not Reduce Homeowners' Mobility
Sam Schulhofer-Wohl
Published In: Quarterly Review (Vol. 35, No. 1, February 2012, pp. 2-14)
PDF Version

Working Paper 681 (Revised November 2010)

Interstate Migration Has Fallen Less Than You Think: Consequences of Hot Deck Imputation in the Current Population Survey
Greg Kaplan and Sam Schulhofer-Wohl
PDF Version

Working Paper 680 (August 2010)

Short and Long Interest Rate Targets
Isabel Correia, Pedro Teles, and Bernardino Adão
PDF Version

Working Paper 678 (April 2010)

Models of Growth and Firm Heterogeneity
Erzo G.J. Luttmer
Published In: Annual review of Economics (Vol. 2, pp. 547-576)
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Working Paper 672 (Revised March 2010)

Technology Diffusion and Growth
Erzo G.J. Luttmer
Published In: Journal of Economic Theory (Vol. 147, No. 2, March 2012, pp. 602-622)
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Working Paper 677 (March 2010)

Moving Back Home: Insurance Against Labor Market Risk
Greg Kaplan
PDF Version

Working Paper 676 (December 2009)

A Simple Model of Bank Employee Compensation
Christopher Phelan
PDF Version

Working Paper 671 (Revised November 2009)

Transition to FDI Openness
Ellen R. McGrattan
PDF Version

Working Paper 675 (October 2009)

Boomerang Kids: Labor Market Dynamics and Moving Back Home
Greg Kaplan
PDF Version

Working Paper 674 (September 2009)

Risk Sharing, Inequality, and Fertility
Larry E. Jones, Ali Shourideh, and Roozbeh Hosseini
PDF Version

Working Paper 668 (Revised June 2009)

Economies of Density versus Natural Advantage: Crop Choice on the Back Forty
Thomas J. Holmes and Sanghoon Lee
Published In: The Review of Economics and Statistics (Vol. 94, No. 1, February 2012, pp. 1-19)
PDF Version

Working Paper 670 (Revised April 2009)

Capital Taxation During the U.S. Great Depression
Ellen R. McGrattan
PDF Version

Working Paper 669 (March 2009)

A Theory of Outsourcing and Wage Decline
Thomas J. Holmes and Julia Thornton Snider
PDF Version

Working Paper 667 (October 2008)

Technical Notes on Facts and Myths about the Financial Crisis of 2008
Maxim Troshkin
PDF Version

Working Paper 659 (Revised October 2008)

Sophisticated Monetary Policies
Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
PDF Version

Working Paper 666 (October 2008)

Facts and Myths about the Financial Crisis of 2008
Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
PDF Version

Working Paper 665 (September 2008)

Business Start-Ups and Productive Efficiency
Hakki Yazici
PDF Version

Working Paper 673 (September 2008)

Prizes and Patents: Using Market Signals to Provide Incentives for Innovations
V. V. Chari, Aleh Tsyvinski, and Mikhail Golosov
PDF Version

Working Paper 664 (July 2008)

New Keynesian Models: Not Yet Useful for Policy Analysis
Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
PDF Version

Working Paper 663 (June 2008)

Accounting for Private Information
Pricila Maziero and Laurence Ales
PDF Version

Working Paper 662 (May 2008)

On the Need for a New Approach to Analyzing Monetary Policy
Patrick J. Kehoe and Andrew Atkeson
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Working Paper 661 (May 2008)

Temporary Price Changes and the Real Effects of Monetary Policy
Patrick J. Kehoe and Virgiliu Midrigan
PDF Version

Working Paper 660 (April 2008)

Taxation, Aggregates and the Household
Gustavo Ventura, Nezih Guner, and Remzi Kaygusuz
PDF Version

Working Paper 646 (Revised April 2008)

Technology Capital and the U.S. Current Account
Edward C. Prescott and Ellen R. McGrattan
PDF Version

Working Paper 658 (March 2008)

Coin Sizes and Payments in Commodity Money Systems
Warren E. Weber and Angela Redish
PDF Version

Working Paper 657 (February 2008)

On the Mechanics of Firm Growth
Erzo G.J. Luttmer
PDF Version

Working Paper 656 (October 2007)

Sticky Prices and Sectoral Real Exchange Rates
Patrick J. Kehoe and Virgiliu Midrigan
PDF Version

Working Paper 653 (Revised October 2007)

Asymmetric Expectation Effects of Regime Shifts and the Great Moderation
Zheng Liu, Daniel F. Waggoner, and Tao Zha
PDF Version

Working Paper 655 (September 2007)

Intermediated Quantities and Returns
Edward C. Prescott, Rajnish Mehra, and Facundo Piguillem
PDF Version

Working Paper 654 (September 2007)

Reply to Solow
Patrick J. Kehoe and V. V. Chari
PDF Version

Working Paper 644 (Revised August 2007)

Investment-Specific Technological Change, Skill Accumulation, and Wage Inequality
Zheng Liu and Hui He
Published In: Review of Economic Dynamics (Vol. 11, Issue 2, April 2008, pp. 314-334)
PDF Version

Working Paper 652 (April 2007)

Sales and the Real Effects of Monetary Policy
Patrick J. Kehoe and Virgiliu Midrigan
PDF Version

Working Paper 651 (April 2007)

Openness, Technology Capital, and Development
Edward C. Prescott and Ellen R. McGrattan
PDF Version

Working Paper 650 (March 2007)

If Exchange Rates Are Random Walks Then Almost Everything We Say About Monetary Policy Is Wrong
Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
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Working Paper 649 (January 2007)

New Goods and the Size Distribution of Firms
Erzo G.J. Luttmer
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Working Paper 648 (December 2006)

On the Needed Quantity of Government Debt
Edward C. Prescott and Kathryn Birkeland
Published In: Quarterly Review (Vol. 31, November 2007, pp. 2-15)
PDF Version

Working Paper 647 (December 2006)

Comparing Alternative Representations, Methodologies, and Decompositions in Business Cycle Accounting
Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
PDF Version

Working Paper 645 (October 2006)

Consumer Search and Firm Growth
Erzo G.J. Luttmer
PDF Version

Working Paper 635 (Revised August 2006)

Consumption Over the Life Cycle? How Different Is Housing?
Fang Yang
PDF Version

Working Paper 642 (Revised July 2006)

New Evidence on State Banking Before the Civil War
Warren E. Weber
PDF Version

Working Paper 643 (July 2006)

Measurement with Minimal Theory
Ellen R. McGrattan
PDF Version

Working Paper 641 (Revised March 2006)

A Model of Banknote Discounts
Warren E. Weber, Francesca Carapella, Pricila Maziero, and Laurence Ales
Published In: Journal of Economic Theory (Vol. 142, No. 1, September 2008, pp. 5-27)
PDF Version

Working Paper 640 (Revised December 2005)

Dynamic Contracting, Persistent Shocks and Optimal Taxation
Yuzhe Zhang
PDF Version

Working Paper 634 (Revised December 2005)

Early State Banks in the United States: How Many Were There and When Did They Exist?
Warren E. Weber
Published In: Journal of Economic History (Vol. 66, No. 6, June 2006, pp. 433-455)
PDF Version

Working Paper 639 (October 2005)

Stochastic Optimal Growth with a Non-Compact State Space
Yuzhe Zhang
PDF Version

Working Paper 627 (Revised October 2005)

Time-Varying Risk, Interest Rates and Exchange Rates in General Equilibrium
Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
PDF Version

Working Paper 638 (September 2005)

Accounting for the Heterogeneity in Retirement Wealth
Fang Yang
PDF Version

Working Paper 636 (Revised September 2005)

Expensed and Sweat Equity
Edward C. Prescott and Ellen R. McGrattan
PDF Version

Working Paper 637 (August 2005)

Smooth Nonexpected Utility without State Independence
Hengjie Ai
PDF Version

Working Paper 631 (Revised May 2005)

A Critique of Structural VARs Using Real Business Cycle Theory
Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
PDF Version

Working Paper 633 (Revised July 2004)

The Size Distribution of Firms in an Economy with Fixed and Entry Costs
Erzo G.J. Luttmer
PDF Version

Working Paper 632 (June 2004)

Taxation, Entrepreneurship and Wealth
Mariacristina De Nardi and Marco Cagetti
PDF Version

Working Paper 630 (January 2004)

Efficiency with Endogenous Population Growth
Larry E. Jones, Michele Tertilt, and Mikhail Golosov
PDF Version

Working Paper 629 (October 2003)

Banknote Prices in the United States Prior to 1860
Warren E. Weber
PDF Version

Working Paper 620 (Revised August 2003)

Entrepreneurship, Frictions and Wealth
Mariacristina De Nardi and Marco Cagetti
PDF Version

Working Paper 628 (January 2003)

Designing Optimal Disability Insurance
Aleh Tsyvinski and Mikhail Golosov
PDF Version

Working Paper 617 (Revised January 2003)

Consumer Bankruptcy: A Fresh Start
Igor Livshits, James MacGee, and Michele Tertilt
PDF Version

Working Paper 626 (November 2002)

The Optimal Degree of Discretion in Monetary Policy
Patrick J. Kehoe, Andrew Atkeson, and Susan Athey
PDF Version

Working Paper 624 (September 2002)

Equilibrium and Government Commitment
Marco Bassetto
Published In: Journal of Economic Theory (Vol. 124, No. 1, September 2005, pp. 79-105)
PDF Version

Working Paper 623 (September 2002)

Banknote Exchange Rate in the Antebellum United States
Warren E. Weber
PDF Version

Working Paper 619.1 (May 2002)

Technical Appendix: Accounting for the Great Depression
Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
PDF Version

Working Paper 622 (May 2002)

On the Robustness of Herds
Patrick J. Kehoe and V. V. Chari
PDF Version

Working Paper 621 (April 2002)

Competitive Equilibria with Limited Enforcement
Patrick J. Kehoe and Fabrizio Perri
PDF Version

Working Paper 616 (Revised April 2002)

The Time Consistency of Monetary and Fiscal Policies
Patrick J. Kehoe, Fernando Alvarez, and Pablo Neumeyer
PDF Version

Working Paper 625 (April 2002)

Business Cycle Accounting
Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
PDF Version

Working Paper 619 (February 2002)

Accounting for the Great Depression
Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Published In: AER, Papers and Proceedings (Vol. 92, No. 2, May 2002, pp. 22-27)
PDF Version

Working Paper 618 (January 2002)

Prosperity and Depression: 2002 Richard T. Ely Lecture
Edward C. Prescott
Published In: American Economic Review (Vol. 92, No. 2, May 2002, pp. 1-15)
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Working Paper 614 (Revised October 2001)

The advantage of transparent instruments of monetary policy
Patrick J. Kehoe and Andrew Atkeson
PDF Version

Working Paper 610 (Revised July 2001)

Taxes, Regulations, and Asset Prices
Edward C. Prescott and Ellen R. McGrattan
PDF Version

Working Paper 606 (Revised July 2001)

The Transition to a New Economy After the Second Industrial Revolution
Patrick J. Kehoe and Andrew Atkeson
PDF Version

Working Paper 615 (June 2001)

Optimal Indirect and Capital Taxation
Narayana Kocherlakota, Aleh Tsyvinski, and Mikhail Golosov
PDF Version

Working Paper 597 (Revised May 2001)

New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis
Lee E. Ohanian and Harold L. Cole
Published In: Journal of Political Economy (Vol. 112, No. 4, 2004, pp. 779-816)
PDF Version

Working Paper 613 (April 2001)

On the optimality of transparent monetary policy
Patrick J. Kehoe, Andrew Atkeson, and Susan Athey
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Working Paper 612 (March 2001)

A Game-Theoretic View of the Fiscal Theory of the Price Level
Marco Bassetto
Published In: Econometrica (Vol. 70, No. 6, November 2002, pp. 2167-2195)
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Working Paper 611 (January 2001)

Exhuming Q: Market Power Capital Market Imperfections
Joao Ejarque and Russell Cooper
PDF Version

Working Paper 608 (January 2001)

Limited Enforcement and Efficient Interbank Arrangements
James MacGee and Thorsten V. Koppl
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Working Paper 609 (January 2001)

Interest Rates and Inflation
Warren E. Weber, Fernando Alvarez, and Robert E. Lucas, Jr.
Published In: American Economic Review (Vol. 91, No. 2, May 2001, pp. 219-225)
PDF Version

Working Paper 607 (November 2000)

The 1990s in Japan: A Lost Decade
Edward C. Prescott and Fumio Hayashi
Published In: The economics of an aging population: Macroeconomic issues (2004, pp. 35-74)
Published In: Review of Economic Dynamics (Vol. 5, No. 1, January 2002, pp. 206-235)
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Working Paper 604 (September 2000)

Finite Memory and Imperfect Monitoring
Narayana Kocherlakota and Harold L. Cole
PDF Version

Working Paper 602 (August 2000)

On the Equilibrium Concept for Overlapping Generations Organizations
Edward C. Prescott and José-Víctor Ríos-Rull

Working Paper 605 (August 2000)

Money, Interest Rates, and Exchange Rates With Endogenously Segmented Asset Markets
Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
PDF Version

Working Paper 603 (July 2000)

When should labor contracts be nominal?
Antoine Martin and Cyril Monnet
PDF Version

Working Paper 601 (May 2000)

Costly Banknote Issuance and Interest Rates Under the National Banking System
Warren E. Weber, Antoine Martin, and Cyril Monnet
PDF Version

Working Paper 600 (March 2000)

Financial Crises as Herds
Patrick J. Kehoe and V. V. Chari
PDF Version

Working Paper 598 (December 1999)

Predicting the Effects of Federal Reserve Policy in a Sticky-Price Model: An Analytical Approach
Ellen R. McGrattan
PDF Version

Working Paper 599 (December 1999)

The Macroeconomic Effects of Big Fiscal Shocks: The Case of World War II
Ellen R. McGrattan and Lee E. Ohanian
PDF Version

Working Paper 596 (September 1999)

Calibration and Bayesian Learning
Nurlan Turdaliev
PDF Version

Working Paper 595 (September 1999)

Optimal Monetary Impulse-Response Functions in a Matching Model
Neil Wallace, Brett Katzman, and John Kennan
PDF Version

Working Paper 594 (February 1999)

Sharing the Risk of Settlement Failure
Akira Yamazaki, Edward J. Green, and Hiroshi Fujiki
PDF Version

Working Paper 593 (December 1998)

Deposit Insurance: A Reconsideration
Bruce D. Smith, Chun Chang, and John H. Boyd
Published In: Journal of Monetary Economics (Vol. 49, No. 6, September 2002, pp. 1235-1260)
PDF Version

Working Paper 592 (December 1998)

The Suffolk Bank and the Panic of 1837: How a Private Bank Acted as a Lender-of-Last-Resort
Arthur J. Rolnick, Warren E. Weber, and Bruce D. Smith
Published In: Quarterly Review (Vol. 24, No. 2, Spring 2000, pp. 3-13)
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Working Paper 591 (October 1998)

Private Money Creation and the Suffolk Banking System
Warren E. Weber and Bruce D. Smith
Published In: Journal of Money, Credit, and Banking (Vol. 31, No. 3, August 1999, pp. 624-659)
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Working Paper 590 (Revised October 1998)

Business Cycle Research: Methods and Problems
Edward C. Prescott
Published In: Cycles, growth and structural change: Theories and empirical evidence (2001, pp. 283-300)
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Working Paper 589 (August 1998)

On the Need for Fiscal Constraints in a Monetary Union
Patrick J. Kehoe and V. V. Chari
Published In: Journal of Monetary Economics (Vol. 54, No. 8, November 2007, pp. 2399-2408)
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Working Paper 588 (August 1998)

A Model of Bimetallism
Warren E. Weber and François R. Velde
Published In: Journal of Political Economy (Vol. 108, No. 6, December 2000, pp. 1210-1234)
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Working Paper 587 (May 1998)

The Suffolk Banking System Reconsidered
Arthur J. Rolnick and Warren E. Weber
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Working Paper 586 (April 1998)

The Role of Damage-Contingent Contracts in Allocating the Risks of Natural Catastrophes
Neil Wallace, R. Anton Braun, and Richard M. Todd
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Working Paper 585 (Revised January 1998)

Moral Hazard Under Commercial and Universal Banking
Bruce D. Smith, Chun Chang, and John H. Boyd
Published In: Journal of Money, Credit, and Banking, Part 2 (Vol. 30, No. 3, August 1998, pp. 426-468)
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Working Paper 584 (Revised November 1997)

Lessons From a Laissez-Faire Payments System: The Suffolk Banking System (1825–1858)
Arthur J. Rolnick, Warren E. Weber, and Bruce D. Smith
Published In: Quarterly Review (Vol. 26, No. 4, Fall 2002)
Published In: Quarterly Review (Vol. 22, No. 3, Summer 1998, pp. 11-21)
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Working Paper 574 (Revised September 1997)

Repeated Insurance Relationships in a Costly State Verification Model: With an Application to Deposit Insurance
Bruce D. Smith and Cheng Wang
Published In: Journal of Monetary Economics (Vol. 42, No. 2, July 1998, pp. 207-240)
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Working Paper 583 (July 1997)

Dynamic Games With Hidden Actions and Hidden States
Narayana Kocherlakota and Harold L. Cole
PDF Version

Working Paper 573 (Revised July 1997)

Inflation and Financial Market Performance
Bruce D. Smith, John H. Boyd, and Ross Levine
PDF Version

Working Paper 582 (June 1997)

The Economics of Split-Ticket Voting in Representative Democracies
V. V. Chari, Larry E. Jones, and Ramon Marimon
Published In: American Economic Review (Vol. 87, No. 5, December 1997, pp. 957-76)
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Working Paper 581 (April 1997)

A Model of Regulated Private Bank-Note Issue
Neil Wallace and Ricardo de O. Cavalcanti
PDF Version

Working Paper 577 (Revised March 1997)

A Microfoundation for Incomplete Security Markets
Narayana Kocherlakota and Harold L. Cole
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Working Paper 580 (March 1997)

Models of Sovereign Debt: Partial vs. General Reputations
Patrick J. Kehoe and Harold L. Cole
Published In: International Economic Review (Vol. 39, No. 1, February 1998, pp. 55-70)
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Working Paper 579 (March 1997)

Shrinking Money and Monetary Business Cycles
Lee E. Ohanian and Harold L. Cole
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Working Paper 578 (Revised February 1997)

Optimal Allocations With Incomplete Record-Keeping and No Commitment
Narayana Kocherlakota and Neil Wallace
PDF Version

Working Paper 572 (Revised December 1996)

Consolidation in U.S. Banking: Implications for Efficiency and Risk
John H. Boyd and Stanley L. Graham
Published In: Bank mergers and acquisitions (1998, pp. 113-135)
PDF Version

Working Paper 568 (Revised October 1996)

Short-Run and Long-Run Effects of Changes in Money in a Random Matching Model
Neil Wallace
Published In: Journal of Political Economy (Vol. 105, No. 6, December 1997, pp. 1293-1307)
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Working Paper 575 (October 1996)

Seasonal Solow Residuals and Christmas: A Case for Labor Hoarding and Increasing Returns
Charles L. Evans and R. Anton Braun
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Working Paper 576 (October 1996)

Implementing Efficient Allocations in a Model of Financial Intermediation
Edward J. Green and Ping Lin
Published In: Journal of Economic Theory (Vol. 109, No. 1, March 2003, pp. 1-23)
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Working Paper 571 (September 1996)

Will The New $100 Bill Decrease Counterfeiting?
Warren E. Weber and Edward J. Green
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Working Paper 570 (August 1996)

Simulation-Based Bayesian Inference for Economic Time Series
John F. Geweke
Published In: Simulation- based inference in econometrics (2000, pp. 255-299)
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Working Paper 569 (August 1996)

A Model of a Currency Shortage
Neil Wallace and Ruilin Zhou
Published In: Journal of Monetary Economics (Vol. 40, No. 3, December 1997, pp. 555-572)
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Working Paper 567 (August 1996)

Technical Appendix to “Optimal Fiscal Policy in a Business Cycle Model”
Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
PDF Version

Working Paper 566 (July 1996)

Reassessing Aggregate Returns to Scale With Standard Theory and Measurement
Lee E. Ohanian and Harold L. Cole
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Working Paper 537 (Revised July 1996)

The Use of Debt and Equity in Optimal Financial Contracts
Bruce D. Smith and John H. Boyd
Published In: Journal of Financial Intermediation (Vol. 8, No. 4, October 1999, pp. 270-316)
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Working Paper 551 (Revised June 1996)

Transaction Services, Inflation, and Welfare
Zvi Eckstein, R. Anton Braun, and S. Rao Aiyagari
PDF Version

Working Paper 565 (May 1996)

Some Explorations Into Optimal Cyclical Monetary Policy
R. Anton Braun and S. Rao Aiyagari
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Working Paper 550 (Revised April 1996)

Coexistence of Money and Interest-Bearing Securities
Neil Wallace, Randall Wright, and S. Rao Aiyagari
Published In: Journal of Monetary Economics (Vol. 37, No. 3, June 1996, pp. 397-419)
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Working Paper 541 (Revised February 1996)

The Co-Evolution of the Real and Financial Sectors in the Growth Process
Bruce D. Smith and John H. Boyd
Published In: World Bank Economic Review (Vol. 10, No. 2, May 1996, pp. 371-396)
PDF Version

Working Paper 563 (Revised January 1996)

Social Accounting Matrices and Applied General Equilibrium Models
Timothy J. Kehoe
Published In: Applied economics and public policy (Vol. 63, 1998, pp. 59-87)
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Working Paper 564 (January 1996)

Bayesian Inference for Dynamic Choice Models Without the Need for Dynamic Programming
John F. Geweke and Michael P. Keane
Published In: Simulation-based inference in econometrics (2000, pp. 100-131)
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Working Paper 561 (November 1995)

Unemployment, Migration, and Growth
Bruce D. Smith and Valerie R. Bencivenga
Published In: Journal of Political Economy (Vol. 105, No. 3, June 1997, pp. 582-608)
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Working Paper 556 (Revised November 1995)

Inflation, Financial Markets, & Capital Formation
Bruce D. Smith, John H. Boyd, and Sangmok Choi
Published In: Federal Reserve Bank of St. Louis Review (Vol. 78, No. 3, May-June 1996, pp. 9-35)
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Working Paper 560 (November 1995)

Asset Pricing Lessons for Modeling Business Cycles
Michele Boldrin, Lawrence J. Christiano, and Jonas D. M. Fisher
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Working Paper 562 (November 1995)

The Effects of Open Market Operations In A Model of Intermediation and Growth
Bruce D. Smith and Stacey L. Schreft
Published In: Review of Economic Studies (Vol. 65, No. 3, July 1998, pp. 519-550)
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Working Paper 558 (October 1995)

Three Contributions to the Theory of Decision Under Uncertainty
Edward J. Green and In-Uck Park
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Working Paper 557 (October 1995)

A Structural Model of Multiple Welfare Program Participation and Labor Supply
Michael P. Keane and Robert Moffitt
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Working Paper 559 (October 1995)

The Career Decisions of Young Men
Kenneth I. Wolpin and Michael P. Keane
Published In: Journal of Political Economy (Vol. 105, No. 3, June 1997, pp. 473-522)
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Working Paper 536 (Revised September 1995)

The Debasement Puzzle: An Essay on Medieval Monetary Policy
Arthur J. Rolnick, Warren E. Weber, and François R. Velde
Published In: Journal of Economic History (Vol 56, Num 4, December 1996, pp. 789-808)
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Working Paper 555 (September 1995)

Posterior Simulators in Econometrics
John F. Geweke
Published In: Advances in economics and econometrics: Theory and applications (Vol. 3, 1997, pp. 128-165)
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Working Paper 542 (Revised September 1995)

The Evolution of Debt and Equity Markets in Economic Development
Bruce D. Smith and John H. Boyd
Published In: Economic Theory (Vol. 12, No. 3, November 1998, pp. 519-560)
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Working Paper 554 (September 1995)

Temporal Aggregation in a Multi-Sector Economy With Endogenous Growth
Jean Mercenier and Philippe Michel
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Working Paper 553 (August 1995)

Prior Density Ratio Class Robustness in Econometrics
John F. Geweke and Lea Petrella
Published In: Journal of Business and Economic Statistics (Vol. 16, No. 4, October 1998, pp. 469-478)
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Working Paper 552 (July 1995)

Bayesian Inference for Linear Models Subject to Linear Inequality Constraints
John F. Geweke
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Working Paper 516 (Revised June 1995)

Government Transaction Policy, the Medium of Exchange, and Welfare
Neil Wallace and S. Rao Aiyagari
Published In: Journal of Economic Theory (Vol. 74, No. 1, May 1997, pp. 1-18)
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Working Paper 525 (Revised June 1995)

Interpreting Monetary Stabilization in a Growth Model With Credit Goods Production
Zvi Eckstein and S. Rao Aiyagari
Published In: Financial factors in economic stabilization and growth (1996, pp. 197-219)
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Working Paper 549 (May 1995)

Neighbors: A Locational Model of Human Capital Acquisition
George T. McCandless Jr.
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Working Paper 544 (Revised May 1995)

Analyzing a Proposal to Ban State Tax Breaks to Businesses
Thomas J. Holmes
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Working Paper 547 (April 1995)

Social Insurance and Transition
Patrick J. Kehoe and Andrew Atkeson
PDF Version

Working Paper 543 (Revised April 1995)

Comments on Farmer and Guo's "The Econometrics of Indeterminacy: An Applied Study."
S. Rao Aiyagari

Working Paper 548 (April 1995)

Putty-Clay Capital and Energy
Patrick J. Kehoe and Andrew Atkeson
PDF Version

Working Paper 545 (March 1995)

On the Turnover of Business Firms and Business Managers
James A. Schmitz, Jr. and Thomas J. Holmes
Published In: Journal of Political Economy (Vol. 103, Issue 5, October 1995, pp. 1005-1038)
Published In: Innovation, evolution of industry and economic growth (Vol. 2, 2000, pp. 29-62)
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Working Paper 546 (March 1995)

Optimal Social Insurance, Incentives, and Transition
Patrick J. Kehoe and Andrew Atkeson
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Working Paper 540 (Revised January 1995)

Bayesian Reduced Rank Regression in Econometrics
John F. Geweke
Published In: Journal of Econometrics (Vol. 75, No. 1, November 1996, pp. 121-146)
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Working Paper 538 (Revised December 1994)

The Optimal Quantity of Debt
Ellen R. McGrattan and S. Rao Aiyagari
PDF Version

Working Paper 539 (November 1994)

Variable Selection and Model Comparison in Regression
John F. Geweke
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Working Paper 480 (Revised October 1994)

An Evaluation of the Performance of an Applied General Equilibrium Model of the Spanish Economy
Timothy J. Kehoe, Clemente Polo, and Ferran Sancho
Published In: Economic Theory (Vol. 6, No. 1, June 1995, pp. 115-141)
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Working Paper 508 (Revised March 1994)

Optimal Capital Income Taxation With Incomplete Markets, Borrowing Constraints, and Constant Discounting
S. Rao Aiyagari
Published In: Journal of Political Economy (Vol. 103, No. 6, December 1995, pp. 1158-1175)
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Working Paper 500 (Revised March 1994)

Ex-Dividend Price Behavior of Common Stocks
John H. Boyd and Ravi Jagannathan
Published In: Review of Financial Studies (Vol. 7, No. 4, Winter 1974, pp. 711-741)
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Working Paper 502 (Revised December 1993)

Uninsured Idiosyncratic Risk and Aggregate Saving
S. Rao Aiyagari
Published In: Quarterly Journal of Economics (Vol. 109, No. 3, August 1994, pp. 659-684)
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Working Paper 510 (March 1993)

Patterns of Exchange, Fiat Money, and the Welfare Costs of Inflation
Irasema Alonso
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Working Paper 445 (Revised May 1992)

Debt Constrained Asset Markets
Timothy J. Kehoe and David K. Levine
Published In: Review of Economic Studies (Vol. 60, No. 4, October 1993, pp. 865-888)
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Working Paper 491 (Revised May 1992)

Modeling the Dynamic Impact of North American Free Trade
Timothy J. Kehoe
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Working Paper 151 (January 1992)

On the Existence and Uniqueness of Nonoptimal Equilibria in Dynamic Stochastic Economies
Gregory W. Huffman and Jeremy Greenwood
Published In: Journal of Economic Theory (Vol 65, Num 2, April 1995, pp. 611-623)
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Working Paper 426 (Revised October 1991)

International Real Business Cycles
Patrick J. Kehoe, David K. Backus, and Finn E. Kydland
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Working Paper 460 (Revised October 1991)

Computation and Multiplicity of Equilibria
Timothy J. Kehoe
Published In: Handbook of mathematical economics (Vol. 4, 1991, pp. 2049-2143)
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Working Paper 393 (Revised June 1991)

Walras' Law and Nonoptimal Equilibria in Overlapping Generations Models
S. Rao Aiyagari
Published In: The legacy of Leon Walras (Vol. 2, 2001, pp. 496-514)
Published In: Journal of Mathematical Economics (Vol. 21, No. 4, 1992, pp. 343-361)
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Working Paper 478 (May 1991)

Technical Appendix for Liquidity Effects, Monetary Policy, and the Business Cycle
Lawrence J. Christiano and Martin Eichenbaum
PDF Version

Working Paper 428 (Revised May 1991)

Existence of Steady States With Positive Consumption in the Kiyotaki-Wright Model
Neil Wallace and S. Rao Aiyagari
Published In: Review of Economic Studies (Vol. 58, No. 5, October 1991, pp. 901-916)
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Working Paper 473 (January 1991)

Technical Appendix to Optimal Fiscal Policy in a Stochastic Growth Model
Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
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Working Paper 467 (November 1990)

Computational Algorithms for Solving Variants of Fuerst's Model
Lawrence J. Christiano
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Working Paper 436 (November 1990)

On Characterizing Equilibria of Economies With Externalities and Taxes as Solutions to Optimization Problems
Timothy J. Kehoe, David K. Levine, and Paul M. Romer
Published In: Economic Theory (Vol. 2, No. 1, January 1992, pp. 43-68)
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Working Paper 404 (Revised July 1990)

The Optimum Quantity of Money Revisited
Timothy J. Kehoe, David K. Levine, and Michael Woodford
Published In: Economic analysis of markets and games: Essays in honor of Frank Hahn (1992, pp. 501-526)
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Working Paper 459 (May 1990)

Algorithms for Explaining Forecast Revisions
Richard M. Todd
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Working Paper 456 (April 1990)

The Output, Employment, and Interest Rate Effects of Government Consumption
Lawrence J. Christiano, Martin Eichenbaum, and S. Rao Aiyagari
Published In: Journal of Monetary Economics (Vol. 30, No. 1, October 1992, pp. 73-86)
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Working Paper 384 (Revised September 1988)

Implementing Bayesian Vector Autoregressions
Richard M. Todd
PDF Version

Working Paper 320 (Revised February 1988)

Banking Panics, Information, and Rational Expectations Equilibrium
V. V. Chari and 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)
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Working Paper 385 (Revised February 1988)

Organizations in Economic Analysis.
Edward C. Prescott, Bruce D. Smith, and John H. Boyd
Published In: Canadian Journal of Economics (Vol 21, Num 3, August 1988, pp. 477-491)
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Working Paper 380 (December 1987)

Technical Appendix to Why Does Inventory Investment Fluctuate So Much? Or: Does the Stock Market Dance to Its Own Music?
Lawrence J. Christiano
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Working Paper 448 (November 1987)

Comment on Romer, "Crazy Explanations for The Productivity Slowdown."
Lawrence J. Christiano
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Working Paper 427 (October 1987)

Intertemporal Substitution and Smoothness of Consumption
Lawrence J. Christiano
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Working Paper 369 (August 1987)

Technical Appendix to Money Does Granger-Cause Output in the Bivariate Output-Money Relation
Lawrence J. Christiano and Lars Ljungqvist
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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)
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Working Paper 341 (July 1987)

Household Choices in Equilibrium
Robert A. Miller and Sumru Altug
Published In: Econometrica (Vol. 58, No. 3, May 1990, pp. 343-570)
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Working Paper 360 (July 1987)

The Banking Crisis of the 1930s: New Evidence From Bank Examination Records
Arthur J. Rolnick
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Working Paper 306 (June 1987)

Temporal Aggregation and Structural Inference in Macroeconomics
Lawrence J. Christiano and Martin Eichenbaum
Published In: Carnegie-Rochester Conference Series on Public Policy (Vol. 26, Spring 1987, pp. 63-130)
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Working Paper 357 (May 1987)

Temporal Aggregation and the Stock Adjustment Model of Inventories
Lawrence J. Christiano and Martin Eichenbaum
Published In: The rational expectations equilibrium inventory model: Theory and applications (1989, pp. 70-108)
Published In: Carnegie-Rochester Conference Series on Public Policy (Vol. 26, Spring 1987, pp. 63-130)
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Working Paper 301 (May 1987)

Estimating Continuous Time Rational Expectations Models in Frequency Domain: A Case Study
Lawrence J. Christiano
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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)
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Working Paper 338 (February 1987)

Dynamic Properties of Two Approximate Solutions to a Particular Growth Model
Lawrence J. Christiano
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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)
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Working Paper 277 (Revised August 1986)

Time to Build and Aggregate Fluctuations: Some New Evidence
Sumru Altug
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Working Paper 302 (April 1986)

Temporal Aggregation Bias and Government Policy Evaluation
Lawrence J. Christiano
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Working Paper 304 (March 1986)

A Continuous Time, General Equilibrium, Inventory-Sales Model
Lawrence J. Christiano and Martin Eichenbaum
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Working Paper 303 (March 1986)

On the Accuracy of Linear Quadratic Approximations: An Example
Lawrence J. Christiano
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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
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Working Paper 293 (January 1986)

Government Debt and Taxes
Thomas J. Sargent
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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 and Stanley L. Graham
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Working Paper 361 (December 1985)

A Continuous Time, General Equilibrium, Inventory-Sales Model
Lawrence J. Christiano and Martin Eichenbaum
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Working Paper 204 (Revised November 1985)

Limited Information, Money, and Competitive Equilibrium
Bruce D. Smith
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Working Paper 274 (Revised July 1985)

Forecasting With Bayesian Vector Autoregressions Five Years of Experience
Robert B. Litterman
Published In: Economic forecasting (Vol. 1, 1999, pp. 354-85)
Published In: Journal of Business and Economic Statistics (Vol. 4, No. 1, January 1986, pp. 25-38)
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Working Paper 265 (Revised June 1985)

Suspension and the Financing of the Civil War: A Critique of Newcomb and Mitchell
Arthur J. Rolnick and Neil Wallace
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Working Paper 275 (Revised May 1985)

Inherent Instability in Banking: The Free Banking Experience
Arthur J. Rolnick and Warren E. Weber
Published In: Cato Journal (Vol. 5, No. 3, Winter 1986, pp. 877-890)
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Working Paper 280 (April 1985)

Identification and Estimation of a Model of Hyperinflation With a Continuum of "Sunspot" Equilibrium
Neil Wallace and Thomas J. Sargent
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Working Paper 268 (Revised February 1985)

National Monetary Policies in a World Economy: A Role for Cooperation
Neil Wallace and Preston J. Miller
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Working Paper 244 (Revised October 1984)

Optimal Income Tax in a Monetary Economy
Preston J. Miller
Published In: Journal of Economic Dynamics and Control (Vol. 17, No. 3, May 1993, pp. 443-465)
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Working Paper 254 (May 1984)

The Costs of Intermediate Targeting
Robert B. Litterman
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Working Paper 222 (Revised June 1983)

After Penn Square: The Insurance Dilemma
Arthur J. Rolnick and Evelyn F. Carroll
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Working Paper 239 (June 1983)

"Can the Cycle Be Reconciled With a Consistent Theory of Expectations" Or a Progress Report on Business Cycle Theory
Edward C. Prescott
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Working Paper 218 (Revised February 1983)

Money, Nonconvex Preferences, and the Existence of Equilibrium: A Note
Bruce D. Smith
PDF Version

Working Paper 216 (September 1982)

Money as a Medium of Transaction in the Overlapping Generations Model
Bruce D. Smith
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Working Paper 213 (September 1982)

A Time Series Analysis of Federal Budget Policy
Preston J. Miller
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Working Paper 205 (August 1982)

Human Capital Investment, and the Inefficiency of Compensation Based on Marginal Productivity: The Static Case
Bruce D. Smith
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Working Paper 210 (August 1982)

A Monetarist Approach to Federal Budget Control
Preston J. Miller
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Working Paper 163 (Revised November 1981)

Rational Expectations, Hyperinflation, and the Demand for Money
Lawrence J. Christiano
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Working Paper 0 (May 1981)

Stopping Moderate Inflations: The Methods of Poincare and Thatcher
Thomas J. Sargent
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Working Paper 158 (Revised May 1981)

The Ends of Four Big Inflations
Thomas J. Sargent
Published In: The theory of inflation (1994, pp. 433-489)
Published In: Inflation: Causes and Effects (1982, pp. 41-97)
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Working Paper 170 (April 1981)

"Dollarization," Seignorage, and the Demand for Money
Thomas J. Sargent
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Working Paper 165 (November 1980)

The Term Structure of Interest Rates and the Aliasing Identification Problem
Lawrence J. Christiano
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Working Paper 152 (April 1980)

The Case for Branch Banking in Montana
Arthur J. Rolnick and Stanley L. Graham
PDF Version

Working Paper 135 (Revised January 1980)

Linear Rational Expectations Models for Dynamically Interrelated Variables
Lars Peter Hansen and Thomas J. Sargent
PDF Version

Working Paper 127 (Revised November 1979)

Formulating and Estimating Dynamic Linear Rational Expectations Models
Lars Peter Hansen and Thomas J. Sargent
Published In: The legacy of Robert Lucas, Jr. (Vol. 2, 1999, pp. 330-369)
Published In: Journal of Economic Dynamics and Control (Vol. 2, 1980, pp. 7-46)
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Working Paper 115 (Revised November 1979)

Techniques of Forecasting Using Vector Autoregressions
Robert B. Litterman
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Working Paper 124 (Revised June 1979)

A Test of the Exogeneity of National Variables in a Regional Econometric Model
Paul A. Anderson
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Working Paper 104 (January 1978)

Forecasting With Econometric Methods: A Comment
Preston J. Miller
Published In: Journal of Business (Vol. 51, No. 4, October 1978, pp. 579-584)
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Working Paper 101 (October 1977)

Is Keynesian Economics a Dead End?
Thomas J. Sargent
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Working Paper 85 (March 1977)

The Influence of Regulation on Competition in the United States Banking Industry
Arthur J. Rolnick and Stanley L. Graham
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Working Paper 55 (Revised January 1977)

Business Cycle Modeling Without Pretending to Have Too Much A Priori Economic Theory
Christopher A. Sims and Thomas J. Sargent
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Working Paper 63 (June 1976)

The Policy Procedure of the FOMC: A Critique
John H. Kareken and Preston J. Miller
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Working Paper 53 (May 1976)

Observations on Improper Methods of Simulating and Teaching Friedman's Time Series Consumption Model
Thomas J. Sargent
Published In: International Economic Review (Vol. 18, No. 2, June 1977, pp. 445-462)
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Working Paper 58 (May 1976)

Seasonality and Portfolio Balance Under Rational Expectations
Rusdu Saracoglu and Thomas J. Sargent
Published In: Journal of Monetary Economics (Vol. 4, No. 3, August 1978, pp. 435-458)
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Working Paper 45 (Revised April 1976)

Stabilization Policy: A Framework for Analysis
Arthur J. Rolnick
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Working Paper 54 (March 1976)

Testing for Neutrality and Rationality
Thomas J. Sargent
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Working Paper 57 (March 1976)

The Transactions Demand for Money in a Three-Asset Economy
Preston J. Miller
Published In: International Economic Review (Vol. 18, No. 2, June 1977, pp. 345-366)
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Working Paper 79 (February 1976)

Econometric Exogeneity and Alternative Estimators of Portfolio Balance Schedules for Hyperinflations: A Note
Thomas J. Sargent
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Working Paper 60 (February 1976)

The Demand for Money During Hyperinflations Under Rational Expectations: II
Thomas J. Sargent
Published In: International Economic Review (Vol. 20, No. 3, October 1979, pp. 741-758)
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Working Paper 83 (November 1975)

A Little Bit of Evidence on the Natural Rate Hypothesis From the U.S
Salih Neftci and Thomas J. Sargent
Published In: The legacy of Robert Lucas, Jr. (Vol. 2, 1999, pp. 424-428)
Published In: Journal of Monetary Economics (Vol. 4, No. 2, April 1978, pp. 315-319)
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Working Paper 49 (October 1975)

Categories of Criticism of the Rational Expectations Theory
Clarence W. Nelson, Preston J. Miller, and Thomas M. Supel
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Working Paper 48 (September 1975)

The Observational Equivalence of Natural and Unnatural Rate Theories of Macroeconomics
Thomas J. Sargent
Published In: Recent developments in macroeconomics (Vol. 2, 1991, pp. 111-120)
Published In: Journal of Political Economy (Vol. 84, No. 3, June 1976, pp. 631-640)
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Working Paper 46 (August 1975)

Nonreporting of Savings Accounts in Sample Savings: Causes and Correlates
Arthur J. Rolnick and E. Scott Maynes
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Working Paper 23 (Revised March 1975)

Naive Business Cycle Theory
Thomas J. Sargent
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Working Paper 29 (August 1974)

Rational Expectations and the Theory of Economic Policy
Neil Wallace and Thomas J. Sargent
Published In: Essential readings in economics (1995, pp. 366-382)
Published In: The new classical macroeconomics (Vol. 1, 1992, pp. 275-289)
Published In: Journal of Monetary Economics (Vol. 2, No. 2, April 1976, pp. 169-183)
Published In: The foundations of monetary economics (Vol. 3, 1999, pp. 223-237)
Published In: Economic policy (Vol. 1, 1998, pp. 301-315)
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Working Paper 26 (July 1974)

Unemployment and Stabilization Policy in a Two-Sector, Two-Country Aggregative Model
Dale W. Henderson and Thomas J. Sargent
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Working Paper 27 (July 1974)

Dynamic Analysis of a Keynesian Model
Thomas J. Sargent
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Working Paper 76 (May 1972)

The Thomson-Pierce Monthly Model: A Test for Structural Change
Arthur J. Rolnick, Neil Wallace, and John H. Kareken
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Working Paper 75 (August 1971)

Interest Rates and Prices in the Long Run: A Study of the Gibson Paradox
Thomas J. Sargent
Published In: Journal of Money, Credit, and Banking (Vol. 5, No. 1, February 1973, pp. 385-449)
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Working Paper 73 (January 1970)

An Inquiry Into the Conditions Under Which a Single Endowment Trust Fund Will Provide Perpetual Funding for an Expense Stream Growing at a Compound Annual
Preston J. Miller and Ron Kaatz
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