Details about Lawrence J. Christiano

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Department of Economics, Northwestern University, (more information at EDIRC)

Access statistics for papers by Lawrence J. Christiano.

Last updated 2024-04-23. Update your information in the RePEc Author Service.

Short-id: pch45

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Working Papers

2024

1. Slow Learning
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

2. Modeling Bank Panics: Challenges
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022)

2021

3. Financial Dollarization in Emerging Markets: Efficient Risk Sharing or Prescription for Disaster?
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany View citations (9)
4. Financial Dollarization: Efficient Intranational Risk Sharing or Prescription for Disaster?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2020

5. Online Appendix to "Involuntary Unemployment and the Business Cycle"
   Online Appendices, Review of Economic Dynamics View citations (4)
   See also Journal Article Involuntary Unemployment and the Business Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (5) (2021)
6. Why is Unemployment so Countercyclical?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   See also Journal Article Why is Unemployment so Countercyclical?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (8) (2021)

2018

7. Discouraging Deviant Behavior in Monetary Economics
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
8. Does the New Keynesian Model Have a Uniqueness Problem?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
9. On DSGE Models
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
   See also Journal Article On DSGE Models, Journal of Economic Perspectives, American Economic Association (2018) View citations (52) (2018)

2017

10. Financialization in Commodity Markets
    Working Paper Series, Federal Reserve Bank of Chicago View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2017) View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (19)
11. The Great Recession: A Macroeconomic Earthquake
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (4)

2016

12. Involuntary Unemployment and the Business Cycle
    2016 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (65)
    Working Paper Series, European Central Bank (2010) View citations (52)
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (35)
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2012) View citations (13)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (55)
    See also Journal Article Involuntary Unemployment and the Business Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (5) (2021)

2014

13. Leverage Restrictions in a Business Cycle Model
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (40)
    See also Chapter Leverage Restrictions in a Business Cycle Model, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2014) View citations (10) (2014)
14. The Optimal Extraction of Exhaustible Resources
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (5)
15. Understanding the Great Recession
    Annual Meeting Plenary, Society for Economic Dynamics View citations (43)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (41)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (17)
    See also Chapter Understanding the Great Recession, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (5) (2013)
    Journal Article Understanding the Great Recession, American Economic Journal: Macroeconomics, American Economic Association (2015) View citations (280) (2015)

2013

16. Risk Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
    See also Journal Article Risk Shocks, American Economic Review, American Economic Association (2014) View citations (551) (2014)
17. Unemployment and Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2013) View citations (15)
    See also Journal Article Unemployment and Business Cycles, Econometrica, Econometric Society (2016) View citations (126) (2016)

2011

18. Government Policy, Credit Markets and Economic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
19. Introducing Financial Frictions and Unemployment into a Small Open Economy Model
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) View citations (326)
    Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (5)
    2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (3)
    See also Journal Article Introducing financial frictions and unemployment into a small open economy model, Journal of Economic Dynamics and Control, Elsevier (2011) View citations (321) (2011)
20. Monetary Policy and Stock Market Booms
    Working Papers, Banco Central de Reserva del Perú View citations (6)
    Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (111)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (201)
    Working Papers, Duke University, Department of Economics (2010) View citations (184)
    See also Journal Article Monetary policy and stock market booms, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2010) View citations (95) (2010)

2010

21. Comment on Eggertsson, \"What fiscal policy is effective at zero interest rates?\"
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta View citations (3)
22. DSGE Models for Monetary Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (243)
    Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2010) View citations (85)
    See also Chapter DSGE Models for Monetary Policy Analysis, Handbook of Monetary Economics, Elsevier (2010) View citations (201) (2010)
23. Financial Factors in Economic Fluctuations
    2010 Meeting Papers, Society for Economic Dynamics View citations (433)
    Also in Working Paper Series, European Central Bank (2010) View citations (440)
24. Firm-specific capital, nominal rigidities and the business cycle
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (128)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (39)
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2004) View citations (111)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (196)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (244)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2004) View citations (104)
    See also Journal Article Firm-Specific Capital, Nominal Rigidities and the Business Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2011) View citations (268) (2011)
25. When is the government spending multiplier large?
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (245)
    See also Journal Article When Is the Government Spending Multiplier Large?, Journal of Political Economy, University of Chicago Press (2011) View citations (1511) (2011)

2008

26. Facts and myths about the financial crisis of 2008
    Working Papers, Federal Reserve Bank of Minneapolis View citations (40)
27. Financial Factors in Business Cycles
    2008 Meeting Papers, Society for Economic Dynamics View citations (14)
28. Monetary policy and stock market boom-bust cycles
    Working Paper Series, European Central Bank View citations (219)

2007

29. Optimal Monetary Policy in a 'Sudden Stop'
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2007) View citations (10)
    See also Journal Article Optimal monetary policy in a [`]sudden stop', Journal of Monetary Economics, Elsevier (2009) View citations (27) (2009)
30. Shocks, Structures or Monetary Policies? The Euro Area and US After 2001
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
    Also in Working Paper Series, European Central Bank (2007) View citations (42)
    See also Journal Article Shocks, structures or monetary policies? The Euro Area and US after 2001, Journal of Economic Dynamics and Control, Elsevier (2008) View citations (128) (2008)
31. Two Reasons Why Money and Credit May be Useful in Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)

2006

32. Assessing Structural VARs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (179)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2006) View citations (76)
    See also Chapter Assessing Structural VARs, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (66) (2007)
33. Two Flaws In Business Cycle Accounting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2006) View citations (62)
34. Two flaws in business cycle dating
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (26)

2005

35. Alternative procedures for estimating vector autoregressions identified with long-run restrictions
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    See also Journal Article Alternative Procedures for Estimating Vector Autoregressions Identified with Long-Run Restrictions, Journal of the European Economic Association, MIT Press (2006) View citations (23) (2006)
36. Assessing the Usefulness of Structural Vector Autoregressions
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
37. Online Appendix to "Firm-Specific Capital, Nominal Rigidities and the Business Cycle"
    Online Appendices, Review of Economic Dynamics View citations (59)
    See also Journal Article Firm-Specific Capital, Nominal Rigidities and the Business Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2011) View citations (268) (2011)

2004

38. The Great Depression and the Friedman-Schwartz Hypothesis
    Computing in Economics and Finance 2004, Society for Computational Economics View citations (64)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (73)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2004) View citations (51)
    Working Paper Series, European Central Bank (2004) View citations (64)
    See also Journal Article The Great Depression and the Friedman-Schwartz hypothesis, Proceedings, Federal Reserve Bank of Cleveland (2003) View citations (268) (2003)
39. The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (137)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (18)
    See also Journal Article The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology, Journal of the European Economic Association, MIT Press (2004) View citations (130) (2004)
40. Why Do Firms Hold Inventories?
    2004 Meeting Papers, Society for Economic Dynamics

2003

41. Expectation traps and monetary policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations (85)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (39)
    Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (10)
    Macroeconomics, University Library of Munich, Germany (2002) View citations (28)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (103)
    See also Journal Article Expectation Traps and Monetary Policy, The Review of Economic Studies, Review of Economic Studies Ltd (2003) View citations (102) (2003)
42. How do Canadian hours worked respond to a technology shock?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
43. Stock Market and Investment Goods Prices: Implications for Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
44. What Happens After a Technology Shock?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (404)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (237)

2002

45. Monetary Policy in a Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (48)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2002) View citations (29)
    Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (29)
    See also Journal Article Monetary policy in a financial crisis, Journal of Economic Theory, Elsevier (2004) View citations (133) (2004)

2001

46. How Severe is the Time Inconsistency Problem in Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    See also Journal Article How severe is the time-inconsistency problem in monetary policy?, Quarterly Review, Federal Reserve Bank of Minneapolis (2003) View citations (11) (2003)
47. Maximum likelihood in the frequency domain: the importance of time-to-plan
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (4)
    See also Journal Article Maximum likelihood in the frequency domain: the importance of time-to-plan, Journal of Monetary Economics, Elsevier (2003) View citations (53) (2003)
48. Money Growth Monitoring and the Taylor Rule
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (107)
49. Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (504)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (447)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2001) View citations (527)
    See also Journal Article Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy, Journal of Political Economy, University of Chicago Press (2005) View citations (5382) (2005)

2000

50. Habit persistence, asset returns and the business cycle
    Staff Report, Federal Reserve Bank of Minneapolis View citations (164)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (43)
    See also Journal Article Habit Persistence, Asset Returns, and the Business Cycle, American Economic Review, American Economic Association (2001) View citations (709) (2001)
51. Monetary Policy in an International Financial Crisis
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (16)
52. The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article The conventional treatment of seasonality in business cycle analysis: does it create distortions?, Journal of Monetary Economics, Elsevier (2002) View citations (15) (2002)
53. The Expectations Trap Hypothesis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2000) View citations (54)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2000) View citations (44)
    See also Journal Article The expectations trap hypothesis, Economic Perspectives, Federal Reserve Bank of Chicago (2000) View citations (53) (2000)
54. Understanding the Fiscal Theory of the Price Level
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (138)
    See also Journal Article Understanding the fiscal theory of the price level, Economic Review, Federal Reserve Bank of Cleveland (2000) View citations (131) (2000)

1999

55. Maximum Likelihood in the Frequency Domain: A Time to Build Example
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (6)
    Working Papers, London School of Economics - Centre for Labour Economics (1999) View citations (5)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (1999) View citations (4)
56. Taylor Rules in a Limited Participation Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (101)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1999) View citations (91)
    Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (94)
57. The Band Pass Filter
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (122)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1999) View citations (174)
    See also Journal Article The Band Pass Filter, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2003) View citations (924) (2003)

1998

58. Modeling Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (73)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (7)
59. Monetary Policy Shocks: What Have We Learned and to What End?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (595)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (39)
    See also Chapter Monetary policy shocks: What have we learned and to what end?, Handbook of Macroeconomics, Elsevier (1999) View citations (2447) (1999)
60. Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1998) View citations (40)
    See also Journal Article Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients, Computational Economics, Springer (2002) View citations (128) (2002)
61. Stock market and investment good prices: implications of macroeconomics
    Working Paper Series, Federal Reserve Bank of Chicago View citations (14)

1997

62. Algorithms for Solving Dynamic Models with Occasionally Binding Constraints
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1997) View citations (13)
    Staff Report, Federal Reserve Bank of Minneapolis (1994) View citations (49)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (22)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994) View citations (50)
    University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1994) View citations (23)
    See also Journal Article Algorithms for solving dynamic models with occasionally binding constraints, Journal of Economic Dynamics and Control, Elsevier (2000) View citations (225) (2000)
63. Habit persistence and asset returns in an exchange economy
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (60)
    See also Journal Article HABIT PERSISTENCE AND ASSET RETURNS IN AN EXCHANGE ECONOMY, Macroeconomic Dynamics, Cambridge University Press (1997) View citations (62) (1997)

1996

64. Asset Pricing Lessons for Modeling Business Cycles
    Working Papers, Banca Italia - Servizio di Studi View citations (4)
    Also in University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1995) View citations (44)
    Working Papers, Federal Reserve Bank of Minneapolis (1995) View citations (39)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (52)
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía (1995) View citations (45)
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (49)
65. Chaos, Sunspots, and Automatic Stabilizers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (7)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (7)
    See also Journal Article Chaos, sunspots and automatic stabilizers, Journal of Monetary Economics, Elsevier (1999) View citations (124) (1999)
66. Expectation Traps and Discretion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (4)
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1996) View citations (9)
    See also Journal Article Expectation Traps and Discretion, Journal of Economic Theory, Elsevier (1998) View citations (121) (1998)
67. Optimal fiscal policy in a business cycle model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
68. Sticky Price and Limited Participation Models of Money: A Comparison
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (68)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (11)
    See also Journal Article Sticky price and limited participation models of money: A comparison, European Economic Review, Elsevier (1997) View citations (369) (1997)

1995

69. Inside Money, Outside Money and Short Term Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (106)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (67)
    See also Journal Article Inside Money, Outside Money, and Short-Term Interest Rates, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (104) (1995)
70. Small Sample Properties of GMM for Business Cycle Analysis
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (4)
    Staff Report, Federal Reserve Bank of Minneapolis (1995) View citations (4)
    See also Journal Article Small-Sample Properties of GMM for Business-Cycle Analysis, Journal of Business & Economic Statistics, American Statistical Association (1996) View citations (36) (1996)
71. Tobin's Q and asset returns: implications for business cycle analysis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (9)
    Also in University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1995) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (11)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (11)

1994

72. Identification and the effects of monetary policy shocks
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (56)
73. The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (88)
74. The effects of monetary policy shocks: evidence from the Flow of Funds
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (97)
    See also Journal Article The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds, The Review of Economics and Statistics, MIT Press (1996) View citations (752) (1996)

1993

75. Optimal Fiscal Policy in a Business Cycle Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations (6)
    See also Journal Article Optimal Fiscal Policy in a Business Cycle Model, Journal of Political Economy, University of Chicago Press (1994) View citations (405) (1994)
76. Optimality of the Friedman Rule in Economies with Distorting Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations (12)
    See also Journal Article Optimality of the Friedman rule in economies with distorting taxes, Journal of Monetary Economics, Elsevier (1996) View citations (199) (1996)

1992

77. Liquidity Effects and the Monetary Transmission Mechanism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (289)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1992) View citations (277)
    See also Journal Article Liquidity Effects and the Monetary Transmission Mechanism, American Economic Review, American Economic Association (1992) View citations (314) (1992)
78. Liquidity Effects, Monetary Policy, and the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (39)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1992) View citations (38)
    See also Journal Article Liquidity Effects, Monetary Policy, and the Business Cycle, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (154) (1995)

1991

79. Identification and the Liquidity Effect of a Monetary Policy Shock
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
80. Liquidity effects, monetary policy, and the business cycle (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (4)
81. Optimal fiscal and monetary policy: some recent results
    Staff Report, Federal Reserve Bank of Minneapolis View citations (249)
    See also Journal Article Optimal Fiscal and Monetary Policy: Some Recent Results, Journal of Money, Credit and Banking, Blackwell Publishing (1991) View citations (267) (1991)
82. Optimal fiscal policy in a stochastic growth model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)

1990

83. Computational algorithms for solving variants of Fuerst's model
    Working Papers, Federal Reserve Bank of Minneapolis View citations (4)
84. Current real business cycle theories and aggregate labor market fluctuations
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (27)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations (181)
    See also Journal Article Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations, American Economic Review, American Economic Association (1992) View citations (682) (1992)
85. The Output, Employment, and Interest Rate Effects of Government Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1990) View citations (21)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1990) View citations (40)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations (31)
    See also Journal Article The output, employment, and interest rate effects of government consumption, Journal of Monetary Economics, Elsevier (1992) View citations (175) (1992)
86. The permanent income hypothesis revisited
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (5)
    See also Journal Article The Permanent Income Hypothesis Revisited, Econometrica, Econometric Society (1991) View citations (77) (1991)
87. Unit roots in real GNP: do we know, and do we care?
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (60)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (48)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1989) View citations (31)
    See also Journal Article Unit roots in real GNP: Do we know, and do we care?, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1990) View citations (130) (1990)

1989

88. Solving a particular growth model by linear quadratic approximation and by value function iteration
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (1)
89. The magnitude of the speculative motive for holding inventories in a real business cycle model
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (9)

1988

90. Is Theory Really Ahead of Measurement? Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
91. Searching For a Break in GNP
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Searching for a Break in GNP, Journal of Business & Economic Statistics, American Statistical Association (1992) View citations (288) (1992)

1987

92. Comment on Romer, \"Crazy explanations for the productivity slowdown\"
    Working Papers, Federal Reserve Bank of Minneapolis
93. Dynamic properties of two approximate solutions to a particular growth model
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
94. Estimating continuous time rational expectations models in frequency domain: a case study
    Working Papers, Federal Reserve Bank of Minneapolis
95. Intertemporal substitution and smoothness of consumption
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
96. Is consumption insufficiently sensitive to innovations in income?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (19)
    See also Journal Article Is Consumption Insufficiently Sensitive to Innovations in Income?, American Economic Review, American Economic Association (1987) View citations (18) (1987)
97. Money does Granger-cause output in the bivariate output-money relation
    Staff Report, Federal Reserve Bank of Minneapolis View citations (16)
98. Money does Granger-cause output in the bivariate output-money relation (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis
99. Temporal aggregation and structural inference in macroeconomics
    Working Papers, Federal Reserve Bank of Minneapolis View citations (40)
    Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1986) View citations (14)
    See also Journal Article Temporal aggregation and structural inference in macroeconomics, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1987) View citations (76) (1987)
100. Temporal aggregation and the stock adjustment model of inventories
     Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
101. Why does inventory investment fluctuate so much? Or: does the stock market dance to its own music? (technical appendix)
     Working Papers, Federal Reserve Bank of Minneapolis View citations (1)

1986

102. A continuous time, general equilibrium, inventory-sales model
     Working Papers, Federal Reserve Bank of Minneapolis
     Also in Working Papers, Federal Reserve Bank of Minneapolis (1985) View citations (1)
103. On the accuracy of linear quadratic approximations: an example
     Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
104. Temporal aggregation bias and government policy evaluation
     Working Papers, Federal Reserve Bank of Minneapolis

1985

105. A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts
     Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
     See also Journal Article A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts, Journal of Economic Dynamics and Control, Elsevier (1985) View citations (15) (1985)

1981

106. Rational expectations, hyperinflation, and the demand for money
     Working Papers, Federal Reserve Bank of Minneapolis

1980

107. The term structure of interest rates and the aliasing identification problem
     Working Papers, Federal Reserve Bank of Minneapolis

Journal Articles

2022

1. Financial frictions in macroeconomics
   Journal of International Money and Finance, 2022, 122, (C) View citations (1)
2. Modelling the Great Recession as a Bank Panic: Challenges
   Economica, 2022, 89, (S1), S200-S238

2021

3. Involuntary Unemployment and the Business Cycle
   Review of Economic Dynamics, 2021, 39, 26-54 View citations (5)
   See also Working Paper Involuntary Unemployment and the Business Cycle, 2016 Meeting Papers (2016) View citations (1) (2016)
   Working Paper Online Appendix to "Involuntary Unemployment and the Business Cycle", Online Appendices (2020) View citations (4) (2020)
   Software Item Code and data files for "Involuntary Unemployment and the Business Cycle", Computer Codes (2020) (2020)
4. Why is Unemployment so Countercyclical?
   Review of Economic Dynamics, 2021, 41, 4-37 View citations (8)
   See also Working Paper Why is Unemployment so Countercyclical?, NBER Working Papers (2020) View citations (3) (2020)

2018

5. Comment
   NBER Macroeconomics Annual, 2018, 32, (1), 227 - 245
6. On DSGE Models
   Journal of Economic Perspectives, 2018, 32, (3), 113-40 View citations (52)
   See also Working Paper On DSGE Models, NBER Working Papers (2018) View citations (52) (2018)

2016

7. Bank Leverage and Social Welfare
   American Economic Review, 2016, 106, (5), 560-64 View citations (17)
8. Comment
   NBER Macroeconomics Annual, 2016, 30, (1), 346 - 373
9. Unemployment and Business Cycles
   Econometrica, 2016, 84, 1523-1569 View citations (126)
   Also in Econometrica, 2016, 84, (4), 1523-1569 (2016) View citations (59)
   See also Working Paper Unemployment and Business Cycles, NBER Working Papers (2013) View citations (43) (2013)

2015

10. Comment
    NBER Macroeconomics Annual, 2015, 29, (1), 279 - 284
11. Understanding the Great Recession
    American Economic Journal: Macroeconomics, 2015, 7, (1), 110-67 View citations (280)
    See also Chapter Understanding the Great Recession, NBER Chapters, 2013 (2013) View citations (5) (2013)
    Working Paper Understanding the Great Recession, Annual Meeting Plenary (2014) View citations (43) (2014)

2014

12. Risk Shocks
    American Economic Review, 2014, 104, (1), 27-65 View citations (551)
    See also Working Paper Risk Shocks, NBER Working Papers (2013) View citations (35) (2013)

2012

13. Christopher A. Sims and Vector Autoregressions
    Scandinavian Journal of Economics, 2012, 114, (4), 1082-1104 View citations (14)
14. Comment
    NBER Macroeconomics Annual, 2012, 26, (1), 361 - 380

2011

15. Commentary: Remarks on Unconventional Monetary Policy
    International Journal of Central Banking, 2011, 7, (1), 121-130 View citations (3)
16. Firm-Specific Capital, Nominal Rigidities and the Business Cycle
    Review of Economic Dynamics, 2011, 14, (2), 225-247 View citations (268)
    See also Working Paper Firm-specific capital, nominal rigidities and the business cycle, International Finance Discussion Papers (2010) View citations (128) (2010)
    Working Paper Online Appendix to "Firm-Specific Capital, Nominal Rigidities and the Business Cycle", Online Appendices (2005) View citations (59) (2005)
    Software Item Code files for "Firm-Specific Capital, Nominal Rigidities and the Business Cycle", Computer Codes (2010) (2010)
17. Introducing financial frictions and unemployment into a small open economy model
    Journal of Economic Dynamics and Control, 2011, 35, (12), 1999-2041 View citations (321)
    See also Working Paper Introducing Financial Frictions and Unemployment into a Small Open Economy Model, Working Paper Series (2011) View citations (326) (2011)
18. Política monetaria y auges del mercado bursátil
    Monetaria, 2011, XXXIV, (2), 257-319
19. When Is the Government Spending Multiplier Large?
    Journal of Political Economy, 2011, 119, (1), 78 - 121 View citations (1511)
    See also Working Paper When is the government spending multiplier large?, FRB Atlanta CQER Working Paper (2010) View citations (15) (2010)

2010

20. Monetary policy and stock market booms
    Proceedings - Economic Policy Symposium - Jackson Hole, 2010, 85-145 View citations (95)
    See also Working Paper Monetary Policy and Stock Market Booms, Working Papers (2011) View citations (6) (2011)

2009

21. Optimal monetary policy in a [`]sudden stop'
    Journal of Monetary Economics, 2009, 56, (4), 582-595 View citations (27)
    See also Working Paper Optimal Monetary Policy in a 'Sudden Stop', NBER Working Papers (2007) View citations (33) (2007)

2008

22. Shocks, structures or monetary policies? The Euro Area and US after 2001
    Journal of Economic Dynamics and Control, 2008, 32, (8), 2476-2506 View citations (128)
    See also Working Paper Shocks, Structures or Monetary Policies? The Euro Area and US After 2001, NBER Working Papers (2007) View citations (41) (2007)

2007

23. Comment
    Journal of Business & Economic Statistics, 2007, 25, 143-151

2006

24. Alternative Procedures for Estimating Vector Autoregressions Identified with Long-Run Restrictions
    Journal of the European Economic Association, 2006, 4, (2-3), 475-483 View citations (23)
    See also Working Paper Alternative procedures for estimating vector autoregressions identified with long-run restrictions, International Finance Discussion Papers (2005) View citations (4) (2005)

2005

25. Bubbles, financial shocks, and monetary policy
    Proceedings, 2005 View citations (1)
26. Comment on: "Tax distortions and the case for price stability"
    Journal of Monetary Economics, 2005, 52, (1), 275-280
27. Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
    Journal of Political Economy, 2005, 113, (1), 1-45 View citations (5382)
    Also in Proceedings, 2001, (Jun) (2001) View citations (355)
    See also Working Paper Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy, NBER Working Papers (2001) View citations (504) (2001)

2004

28. Introduction: macroeconomic implications of capital flows in a global economy
    Journal of Economic Theory, 2004, 119, (1), 1-5
29. Monetary policy in a financial crisis
    Journal of Economic Theory, 2004, 119, (1), 64-103 View citations (133)
    See also Working Paper Monetary Policy in a Financial Crisis, NBER Working Papers (2002) View citations (48) (2002)
30. The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
    Journal of the European Economic Association, 2004, 2, (2-3), 381-395 View citations (130)
    See also Working Paper The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology, NBER Working Papers (2004) View citations (137) (2004)

2003

31. Expectation Traps and Monetary Policy
    The Review of Economic Studies, 2003, 70, (4), 715-741 View citations (102)
    See also Working Paper Expectation traps and monetary policy, Staff Report (2003) View citations (85) (2003)
32. How severe is the time-inconsistency problem in monetary policy?
    Quarterly Review, 2003, 27, (Sum), 17-33 View citations (11)
    See also Working Paper How Severe is the Time Inconsistency Problem in Monetary Policy?, NBER Working Papers (2001) View citations (23) (2001)
33. Inflation and monetary policy in the twentieth century
    Economic Perspectives, 2003, 27, (Q I), 22-45 View citations (16)
34. Maximum likelihood in the frequency domain: the importance of time-to-plan
    Journal of Monetary Economics, 2003, 50, (4), 789-815 View citations (53)
    See also Working Paper Maximum likelihood in the frequency domain: the importance of time-to-plan, Working Papers (Old Series) (2001) View citations (4) (2001)
35. The Band Pass Filter
    International Economic Review, 2003, 44, (2), 435-465 View citations (924)
    See also Working Paper The Band Pass Filter, NBER Working Papers (1999) View citations (122) (1999)
36. The Great Depression and the Friedman-Schwartz hypothesis
    Proceedings, 2003, 1119-1215 View citations (268)
    See also Working Paper The Great Depression and the Friedman-Schwartz Hypothesis, Computing in Economics and Finance 2004 (2004) View citations (64) (2004)

2002

37. Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients
    Computational Economics, 2002, 20, (1-2), 21-55 View citations (128)
    See also Working Paper Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients, NBER Technical Working Papers (1998) View citations (23) (1998)
38. The conventional treatment of seasonality in business cycle analysis: does it create distortions?
    Journal of Monetary Economics, 2002, 49, (2), 335-364 View citations (15)
    See also Working Paper The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?, NBER Technical Working Papers (2000) View citations (2) (2000)
39. What is a good macroeconomic model for a central bank to use? panel discussion
    Proceedings, 2002, (Mar) View citations (3)
    Also in Proceedings, 2002, (Mar) (2002)

2001

40. Comment on The Costs of Losing Monetary Independence: The Case of Mexico
    Journal of Money, Credit and Banking, 2001, 33, (2), 398-403 View citations (2)
41. Habit Persistence, Asset Returns, and the Business Cycle
    American Economic Review, 2001, 91, (1), 149-166 View citations (709)
    See also Working Paper Habit persistence, asset returns and the business cycle, Staff Report (2000) View citations (164) (2000)

2000

42. Algorithms for solving dynamic models with occasionally binding constraints
    Journal of Economic Dynamics and Control, 2000, 24, (8), 1179-1232 View citations (225)
    See also Working Paper Algorithms for Solving Dynamic Models with Occasionally Binding Constraints, NBER Technical Working Papers (1997) View citations (13) (1997)
43. Comment on Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
    Journal of Money, Credit and Banking, 2000, 32, (4), 905-30 View citations (19)
44. Price stability: is a tough central bank enough?
    Economic Commentary, 2000, (Aug)
45. The expectations trap hypothesis
    Economic Perspectives, 2000, 25, (Q II), 21-39 View citations (53)
    See also Working Paper The Expectations Trap Hypothesis, NBER Working Papers (2000) View citations (66) (2000)
46. Understanding the fiscal theory of the price level
    Economic Review, 2000, (Q II), 2-38 View citations (131)
    See also Working Paper Understanding the Fiscal Theory of the Price Level, NBER Working Papers (2000) View citations (138) (2000)

1999

47. Chaos, sunspots and automatic stabilizers
    Journal of Monetary Economics, 1999, 44, (1), 3-31 View citations (124)
    See also Working Paper Chaos, Sunspots, and Automatic Stabilizers, NBER Working Papers (1996) View citations (17) (1996)
48. The Research Agenda: Larry Christiano and Martin Eichenbaum write about their current research program on the monetary transmission mechanism
    EconomicDynamics Newsletter, 1999, 1, (1) View citations (6)

1998

49. Expectation Traps and Discretion
    Journal of Economic Theory, 1998, 81, (2), 462-492 View citations (121)
    See also Working Paper Expectation Traps and Discretion, NBER Working Papers (1996) View citations (47) (1996)
50. The business cycle: it's still a puzzle
    Economic Perspectives, 1998, 22, (Q IV), 56-83 View citations (65)

1997

51. Dynamic effects of monetary policy; a conference sponsored by the Federal Reserve Bank of Cleveland, November 6-8, 1996
    Proceedings, 1997, (Nov)
52. HABIT PERSISTENCE AND ASSET RETURNS IN AN EXCHANGE ECONOMY
    Macroeconomic Dynamics, 1997, 1, (2), 312-332 View citations (62)
    See also Working Paper Habit persistence and asset returns in an exchange economy, Working Paper Series, Macroeconomic Issues (1997) View citations (60) (1997)
53. Sticky price and limited participation models of money: A comparison
    European Economic Review, 1997, 41, (6), 1201-1249 View citations (369)
    See also Working Paper Sticky Price and Limited Participation Models of Money: A Comparison, NBER Working Papers (1996) View citations (26) (1996)

1996

54. Identification and the liquidity effect: a case study
    Economic Perspectives, 1996, 20, (May), 2-13 View citations (4)
55. Optimality of the Friedman rule in economies with distorting taxes
    Journal of Monetary Economics, 1996, 37, (2-3), 203-223 View citations (199)
    See also Working Paper Optimality of the Friedman Rule in Economies with Distorting Taxes, NBER Working Papers (1993) View citations (51) (1993)
56. Small-Sample Properties of GMM for Business-Cycle Analysis
    Journal of Business & Economic Statistics, 1996, 14, (3), 309-27 View citations (36)
    See also Working Paper Small Sample Properties of GMM for Business Cycle Analysis, NBER Technical Working Papers (1995) View citations (13) (1995)
57. The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds
    The Review of Economics and Statistics, 1996, 78, (1), 16-34 View citations (752)
    Also in Proceedings, 1994, (Apr) (1994) View citations (39)
    See also Working Paper The effects of monetary policy shocks: evidence from the Flow of Funds, Working Paper Series, Macroeconomic Issues (1994) View citations (97) (1994)
58. Time to plan and aggregate fluctuations
    Quarterly Review, 1996, 20, (Win), 14-27 View citations (67)

1995

59. Inside Money, Outside Money, and Short-Term Interest Rates
    Journal of Money, Credit and Banking, 1995, 27, (4), 1354-86 View citations (104)
    Also in Proceedings, 1994, 1354-1401 (1994) View citations (16)
    See also Working Paper Inside Money, Outside Money and Short Term Interest Rates, NBER Working Papers (1995) View citations (106) (1995)
60. Liquidity Effects, Monetary Policy, and the Business Cycle
    Journal of Money, Credit and Banking, 1995, 27, (4), 1113-36 View citations (154)
    See also Working Paper Liquidity Effects, Monetary Policy, and the Business Cycle, NBER Working Papers (1992) View citations (43) (1992)
61. Resolving the liquidity effect: commentary
    Review, 1995, (May), 55-62 View citations (3)
    Also in Proceedings, 1995, (May), 55-62 (1995) View citations (8)

1994

62. Optimal Fiscal Policy in a Business Cycle Model
    Journal of Political Economy, 1994, 102, (4), 617-52 View citations (405)
    See also Working Paper Optimal Fiscal Policy in a Business Cycle Model, NBER Working Papers (1993) View citations (12) (1993)

1993

63. Interest rate smoothing in an equilibrium business cycle model
    Proceedings, 1993, (Mar) View citations (4)

1992

64. Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations
    American Economic Review, 1992, 82, (3), 430-50 View citations (682)
    See also Working Paper Current real business cycle theories and aggregate labor market fluctuations, Working Paper Series, Macroeconomic Issues (1990) View citations (27) (1990)
65. Liquidity Effects and the Monetary Transmission Mechanism
    American Economic Review, 1992, 82, (2), 346-53 View citations (314)
    See also Working Paper Liquidity Effects and the Monetary Transmission Mechanism, NBER Working Papers (1992) View citations (289) (1992)
66. Liquidity effects, the monetary transmission mechanism, and monetary policy
    Economic Perspectives, 1992, 16, (Nov), 2-14 View citations (74)
67. Searching for a Break in GNP
    Journal of Business & Economic Statistics, 1992, 10, (3), 237-50 View citations (288)
    See also Working Paper Searching For a Break in GNP, NBER Working Papers (1988) View citations (11) (1988)
68. The output, employment, and interest rate effects of government consumption
    Journal of Monetary Economics, 1992, 30, (1), 73-86 View citations (175)
    See also Working Paper The Output, Employment, and Interest Rate Effects of Government Consumption, NBER Working Papers (1990) View citations (28) (1990)

1991

69. Modeling the liquidity effect of a money shock
    Quarterly Review, 1991, 15, (Win), 3-34 View citations (98)
70. Optimal Fiscal and Monetary Policy: Some Recent Results
    Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 View citations (267)
    Also in Proceedings, 1991, 519-546 (1991) View citations (259)
    See also Working Paper Optimal fiscal and monetary policy: some recent results, Staff Report (1991) View citations (249) (1991)
71. The Permanent Income Hypothesis Revisited
    Econometrica, 1991, 59, (2), 397-423 View citations (77)
    See also Working Paper The permanent income hypothesis revisited, Staff Report (1990) View citations (1) (1990)

1990

72. Linear-Quadratic Approximation and Value-Function Iteration: A Comparison
    Journal of Business & Economic Statistics, 1990, 8, (1), 99-113 View citations (52)
73. Solving the Stochastic Growth Model by Linear-Quadratic Approximation and by Value-Function Iteration
    Journal of Business & Economic Statistics, 1990, 8, (1), 23-26 View citations (40)
74. Unit roots in real GNP: Do we know, and do we care?
    Carnegie-Rochester Conference Series on Public Policy, 1990, 32, (1), 7-61 View citations (130)
    See also Working Paper Unit roots in real GNP: do we know, and do we care?, Working Paper Series, Macroeconomic Issues (1990) View citations (60) (1990)

1989

75. P*: not the inflation forecaster's holy grail
    Quarterly Review, 1989, 13, (Fall), 3-18 View citations (27)
76. Understanding Japan's saving rate: the reconstruction hypothesis
    Quarterly Review, 1989, 13, (Spr), 10-25 View citations (42)

1988

77. Money does Granger-cause output in the bivariate money-output relation
    Journal of Monetary Economics, 1988, 22, (2), 217-235 View citations (83)
78. Why does inventory investment fluctuate so much?
    Journal of Monetary Economics, 1988, 21, (2-3), 247-280 View citations (206)

1987

79. Cagan's Model of Hyperinflation under Rational Expectations
    International Economic Review, 1987, 28, (1), 33-49 View citations (14)
80. Is Consumption Insufficiently Sensitive to Innovations in Income?
    American Economic Review, 1987, 77, (2), 337-41 View citations (18)
    See also Working Paper Is consumption insufficiently sensitive to innovations in income?, Staff Report (1987) View citations (19) (1987)
81. Temporal aggregation and structural inference in macroeconomics
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 63-130 View citations (76)
    See also Working Paper Temporal aggregation and structural inference in macroeconomics, Working Papers (1987) View citations (40) (1987)
82. Why is consumption less volatile than income?
    Quarterly Review, 1987, 11, (Fall), 2-20 View citations (13)

1986

83. Money and the U.S. economy in the 1980s: a break from the past?
    Quarterly Review, 1986, 10, (Sum), 2-13 View citations (13)

1985

84. A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts
    Journal of Economic Dynamics and Control, 1985, 9, (4), 363-404 View citations (15)
    See also Working Paper A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts, Staff Report (1985) View citations (17) (1985)

1984

85. A reexamination of the theory of automatic stabilizers
    Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), 147-206 View citations (23)
86. Reply to Olivier Blanchard
    Carnegie-Rochester Conference Series on Public Policy, 1984, 20, (1), 209-210

1981

87. A Survey of Measures of Capacity Utilization (Mesures de l'utilisation des capacités de production) (Estudio de mediciones de utilización de la capacidad)
    IMF Staff Papers, 1981, 28, (1), 144-198 View citations (1)

Chapters

2024

1. The International Monetary Transmission Mechanism
   A chapter in NBER Macroeconomics Annual 2024, volume 39, 2024

2017

2. Comment on "Michelson-Morley, Fisher, and Occam: The Radical Implications of Stable Quiet Inflation at the Zero Bound"
   A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 227-245

2015

3. Comment on "Networks and the Macroeconomy: An Empirical Exploration"
   A chapter in NBER Macroeconomics Annual 2015, Volume 30, 2015, pp 346-373 View citations (3)

2014

4. Comment on "Whither News Shocks?"
   A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 279-284
5. Leverage Restrictions in a Business Cycle Model
   Chapter 7 in Macroeconomic and Financial Stability: challenges for Monetary Policy, 2014, vol. 19, pp 215-216 View citations (10)
   See also Working Paper Leverage Restrictions in a Business Cycle Model, Central Bank of Chile (2014) View citations (20) (2014)
6. Macroeconomic and Financial Stability: An Overview
   Chapter 1 in Macroeconomic and Financial Stability: challenges for Monetary Policy, 2014, vol. 19, pp 1-22 View citations (13)

2013

7. Understanding the Great Recession
   A chapter in Lessons from the Financial Crisis for Monetary Policy, 2013 View citations (5)
   See also Journal Article Understanding the Great Recession, American Economic Association (2015) View citations (280) (2015)
   Working Paper Understanding the Great Recession, Society for Economic Dynamics (2014) View citations (43) (2014)

2012

8. Comment on "The Household Effects of Government Spending"
   A chapter in Fiscal Policy after the Financial Crisis, 2012, pp 141-149

2011

9. Comment on "Unemployment in an Estimated New Keynesian Model"
   A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 361-380 View citations (5)
10. Comment on "What Fiscal Policy is Effective at Zero Interest Rates?"
    A chapter in NBER Macroeconomics Annual 2010, volume 25, 2011, pp 113-124 View citations (4)

2010

11. DSGE Models for Monetary Policy Analysis
    Chapter 07 in Handbook of Monetary Economics, 2010, vol. 3, pp 285-367 View citations (201)
    See also Working Paper DSGE Models for Monetary Policy Analysis, National Bureau of Economic Research, Inc (2010) View citations (243) (2010)

2007

12. Assessing Structural VARs
    A chapter in NBER Macroeconomics Annual 2006, Volume 21, 2007, pp 1-106 View citations (66)
    See also Working Paper Assessing Structural VARs, National Bureau of Economic Research, Inc (2006) View citations (179) (2006)

1999

13. Monetary policy shocks: What have we learned and to what end?
    Chapter 02 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 65-148 View citations (2447)
    See also Working Paper Monetary Policy Shocks: What Have We Learned and to What End?, National Bureau of Economic Research, Inc (1998) View citations (595) (1998)

Software Items

2021

1. Code and data files for "Why is Unemployment so Countercyclical?"
   Computer Codes, Review of Economic Dynamics

2020

2. Code and data files for "Involuntary Unemployment and the Business Cycle"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Involuntary Unemployment and the Business Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (5) (2021)

2011

3. Dynare Exercise
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles

2010

4. Code files for "Firm-Specific Capital, Nominal Rigidities and the Business Cycle"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Firm-Specific Capital, Nominal Rigidities and the Business Cycle, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2011) View citations (268) (2011)