Details about David Backus

E-mail:
Homepage:	http://pages.stern.nyu.edu/~dbackus
Workplace:	Economics Department, Stern School of Business, New York University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by David Backus.

Last updated 2009-09-15. Update your information in the RePEc Author Service.

Short-id: pba242

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Working Papers

2009

1. Current Account Fact and Fiction
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations
2. Disasters implied by equity index options
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations

2007

3. Cracking the Conundrum
   Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations
   NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations
   See also Journal Article in Brookings Papers on Economic Activity (2007)
4. Taxes and the Global Allocation of Capital
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Journal of Monetary Economics (2008)

2006

5. Asset pricing implications for business cycle analysis
   2006 Meeting Papers, Society for Economic Dynamics

2005

6. Recursive Preferences
   Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics

2004

7. Exotic Preferences for Macroeconomists
   Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
   See also Chapter (2005)
8. International Risk Sharing with exotic preferences
   2004 Meeting Papers, Society for Economic Dynamics

2002

9. Accouting for Biases in Black-Scholes
   Finance, EconWPA View citations
10. Contagion in Financial Markets
    Finance, EconWPA View citations
11. Markov Chain Approximations For Term Structure Models
    Finance, EconWPA

1999

12. Design and Estimation of Affine Yield Models
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (1999) View citations

1998

13. Discrete-Time Models of Bond Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations
14. Oil Prices and the Terms of Trade
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of International Economics (2000)
15. Predictable Changes in Yields and Forward Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Financial Economics (2001)

1997

16. Macroeconomic Foundations of Higher Moments in Bond Yields
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business-

1996

17. Affine Models of Currency Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- (1996) View citations
18. Arbitrage Opportunities in Arbitrage-Free Models of Bond Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1994) View citations
    Working Papers, Columbia - Graduate School of Business (1994) View citations
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- (1996)
    See also Journal Article in Journal of Business & Economic Statistics (1998)

1994

19. Reverse Engineering the Yield Curve
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1994) View citations
20. The Forward Premium Anamoly: Three Examples in Search of a Solution
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations
21. The Forward Premium Anomaly: Three Examples in Serach of Solution
    Working Papers, Columbia - Graduate School of Business

1993

22. Hysteresis in Perspective: A Discussion of Dixit's "Hysteresis and the Durations of the J-Curve,"
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
23. International Business Cycles: Theory and Evidence
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations
24. Long-Memory Inflation Uncertainty: Evidence from the Term Structure of Interest Rates
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
    Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1993) View citations
    See also Journal Article in Journal of Money, Credit and Banking (1993)
25. The Japanese Trade Balance: Recent History and Future Prospects
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations
    See also Journal Article in Japan and the World Economy (1998)

1992

26. Accounting for Forward Rates in Markets for Foreign Currency
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    Also in Working Papers, Queen's University, Department of Economics (1990) View citations
    See also Journal Article in Journal of Finance (1993)
27. Consumption and Real Exchange Rates in Dynamic Exchange Economies with Nontraded Goods
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
28. Dynamics of the Trade Balance and the Terms of Trade: The J-Curve Revisited
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations
29. Dynamics of the Trade Balance and the Terms of Trade: The S-Curve
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (1992) View citations
    See also Journal Article in American Economic Review (1994)
    Software Item (1992)
    Software Item (1992)
30. In search of scale effects in trade and growth
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Economic Theory (1992)
31. International Evidence on the Historical Properties of Business Cycles
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) View citations
    See also Journal Article in American Economic Review (1992)
32. Interpreting Comovements in the Trade Balance and the Terms of Trade
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
    See also Journal Article in Journal of International Economics (1993)
33. Relative Price Movements in Dynamic General Equilibrium Models of International Trade
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
    Also in Working Paper, Federal Reserve Bank of Cleveland (1992) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) View citations
34. Theoretical Relations Between Risk Premiums and Conditional Variances
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations
    See also Journal Article in Journal of Business & Economic Statistics (1993)

1991

35. International real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1987)
    See also Journal Article in Journal of Political Economy (1992)

1988

36. On the denomination of government debt: a critique of the portfolio balance approach
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Monetary Economics (1989)
37. Risk Premiums in Asset Prices and Returns
    Working Papers, Queen's University, Department of Economics
    See also Journal Article in Econometric Reviews (1989)

1987

38. Trade and Exchange-Rate Dynamics in a Dynamic Competitive Economy
    Working Papers, Queen's University, Department of Economics View citations

1986

39. A Positive Theory of Fiscal Policy in Open Economies
    Working Papers, Queen's University, Department of Economics View citations
    See also Chapter (1988)
40. Credible Disinflation in Closed and Open Economies
    Working Papers, Queen's University, Department of Economics
41. Risk Premiums in the Term Structure: Evidence from Artificial Economies
    Working Papers, Queen's University, Department of Economics
    See also Journal Article in Journal of Monetary Economics (1989)
42. The Consistency of Optimal Policy in Stochastic Rational Expectations Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1985

43. Credibility and Commitment in Economic Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, Queen's University, Department of Economics (1985)
44. Nonuniqueness in Rational Expectations Models: An Interpretation
    Working Papers, Queen's University, Department of Economics
45. The Financial Sector in the Planning of Economic Development
    Levine's Working Paper Archive, David K. Levine

1984

46. Exchange Rate Dynamics in a Model with Staggered Wage Contracts
    Working Papers, Queen's University, Department of Economics View citations
47. Inflation and Reputation
    Working Papers, Queen's University, Department of Economics View citations
    See also Journal Article in American Economic Review (1985)
48. Rational Expectations and Policy Credibility Following a Regime Change
    Working Papers, Queen's University, Department of Economics

1983

49. Some Canadian-U.S Evidence on the Insulating Properties of a Flexible Exchange Rate
    Working Papers, Queen's University, Department of Economics

1982

50. Empirical Models of the Exchange Rate: Separating the Wheat from the Chaff
    Working Papers, Queen's University, Department of Economics
    See also Journal Article in Canadian Journal of Economics (1984)
51. Notes on Dynamical Systems in Economics
    Working Papers, Queen's University, Department of Economics View citations
52. The Canada-U.S. Exchange Rate: Evidence for a Vector Autoregression
    Working Papers, Queen's University, Department of Economics

1980

53. A Model of U.S. Financial and Nonfinancial Economic Behavior
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
    See also Journal Article in Journal of Money, Credit and Banking (1980)

1978

54. An Integrated Model of Household Flow-of-Funds Allocations
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
    See also Journal Article in Journal of Money, Credit and Banking (1980)

Undated

55. Backus_Kehoe_Kydland
    Instructional Stata datasets for econometrics, Boston College Department of Economics
    See also Software Item (1992)
    Software Item (1992)
56. International price dispersion in the G7
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
57. Interpreting the Forward Premium Anomoly
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations
    See also Journal Article in Canadian Journal of Economics (1995)

Journal Articles

2008

1. Taxes and the global allocation of capital
   Journal of Monetary Economics, 2008, 55, (1), 48-61
   See also Working Paper (2007)

2007

2. Cracking the Conundrum
   Brookings Papers on Economic Activity, 2007, 38, (2007-1), 293-329 View citations
   See also Working Paper (2007)

2005

3. Comment on: "Exchange rate regime durability and performance in developing versus advanced economies"
   Journal of Monetary Economics, 2005, 52, (1), 65-68

2001

4. Affine Term Structure Models and the Forward Premium Anomaly
   Journal of Finance, 2001, 56, (1), 279-304 View citations
5. Predictable changes in yields and forward rates
   Journal of Financial Economics, 2001, 59, (3), 281-311 View citations
   See also Working Paper (1998)

2000

6. Oil prices and the terms of trade
   Journal of International Economics, 2000, 50, (1), 185-213 View citations
   See also Working Paper (1998)

1999

7. EconomicDynamics Interview: David Backus on international business cycles
   EconomicDynamics Newsletter, 1999, 1, (1)

1998

8. Arbitrage Opportunities in Arbitrage-Free Models of Bond Pricing
   Journal of Business & Economic Statistics, 1998, 16, (1), 13-26 View citations
   See also Working Paper (1996)
9. The Japanese trade balance: Recent history and future prospects1
   Japan and the World Economy, 1998, 10, (4), 409-420
   See also Working Paper (1993)

1995

10. A decision support system for strategic planning on pig farms
    Agricultural Economics, 1995, 13, (2), 101-108
11. Interpreting the Forward Premium Anomaly
    Canadian Journal of Economics, 1995, 28, (s1), 108-19 View citations
    See also Working Paper

1994

12. Comments on 'hysteresis and the duration of the J-curve', by Avinash Dixit
    Japan and the World Economy, 1994, 6, (2), 121-128
13. Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?
    American Economic Review, 1994, 84, (1), 84-103 View citations
    See also Working Paper (1992)
    Software Item (1992)
    Software Item (1992)

1993

14. Accounting for Forward Rates in Markets for Foreign Currency
    Journal of Finance, 1993, 48, (5), 1887-1908 View citations
    See also Working Paper (1992)
15. Consumption and real exchange rates in dynamic economies with non-traded goods
    Journal of International Economics, 1993, 35, (3-4), 297-316 View citations
16. International business cycles: theory vs. evidence
    Quarterly Review, 1993, (Fall), 14-29 View citations
17. Interpreting comovements in the trade balance and the terms of trade
    Journal of International Economics, 1993, 34, (3-4), 375-387 View citations
    See also Working Paper (1992)
18. Long-Memory Inflation Uncertainty: Evidence from the Term Structure of Interest Rates
    Journal of Money, Credit and Banking, 1993, 25, (3), 681-700 View citations
    Also in Proceedings, 1993, 681-708 (1993) View citations
    See also Working Paper (1993)
19. Theoretical Relations between Risk Premiums and Conditional Variances
    Journal of Business & Economic Statistics, 1993, 11, (2), 177-85 View citations
    See also Working Paper (1992)

1992

20. In search of scale effects in trade and growth
    Journal of Economic Theory, 1992, 58, (2), 377-409 View citations
    See also Working Paper (1992)
21. International Evidence of the Historical Properties of Business Cycles
    American Economic Review, 1992, 82, (4), 864-88 View citations
    See also Working Paper (1992)
22. International Real Business Cycles
    Journal of Political Economy, 1992, 100, (4), 745-75 View citations
    See also Working Paper (1991)

1990

23. Borrowing Constraints, Occupational Choice, and Labor Supply
    Journal of Labor Economics, 1990, 8, (1), 145-73 View citations

1989

24. On the denomination of government debt: A critique of the portfolio balance approach
    Journal of Monetary Economics, 1989, 23, (3), 359-376 View citations
    See also Working Paper (1988)
25. Risk premiums in asset prices and returns
    Econometric Reviews, 1989, 8, (2), 187-195
    See also Working Paper (1988)
26. Risk premiums in the term structure: Evidence from artificial economies
    Journal of Monetary Economics, 1989, 24, (3), 371-399 View citations
    See also Working Paper (1986)

1986

27. The Canadian-U.S. Exchange Rate: Evidence from a Vector Autoregression
    The Review of Economics and Statistics, 1986, 68, (4), 628-37 View citations

1985

28. Inflation and Reputation
    American Economic Review, 1985, 75, (3), 530-38 View citations
    See also Working Paper (1984)
29. Rational Expectations and Policy Credibility Following a Change in Regime
    Review of Economic Studies, 1985, 52, (2), 211-21 View citations

1984

30. Empirical Models of the Exchange Rate: Separating the Wheat from the Chaff
    Canadian Journal of Economics, 1984, 17, (4), 824-46 View citations
    See also Working Paper (1982)

1980

31. A Model of U.S. Financial and Nonfinancial Economic Behavior
    Journal of Money, Credit and Banking, 1980, 12, (2), 259-93 View citations
    See also Working Paper (1980)
32. An Integrated Model of Household Flow-of-Funds Allocations
    Journal of Money, Credit and Banking, 1980, 12, (2), 400-421 View citations
    See also Working Paper (1978)

1977

33. British Producer Cooperatives in the Footwear Industry: An Empirical Evaluation of the Theory of Financing
    Economic Journal, 1977, 87, (347), 488-510

Chapters

2005

1. Exotic Preferences for Macroeconomists
   A chapter in NBER Macroeconomics Annual 2004, Volume 19, 2005, pp 319-414 View citations
   See also Working Paper (2004)

1988

2. A Positive Theory of Fiscal Policy in Open Economies
   A chapter in International Aspects of Fiscal Policies, 1988, pp 173-196
   See also Working Paper (1986)

Software Items

1992

1. DOS executable for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?"
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
   See also Working Paper
   Working Paper (1992)
   Journal Article in American Economic Review (1994)
2. Web interface for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?"
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
   See also Working Paper
   Working Paper (1992)
   Journal Article in American Economic Review (1994)