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Details about David Backus

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

Access statistics for papers by David Backus.

Last updated 2014-08-15. Update your information in the RePEc Author Service.

Short-id: pba242


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Working Papers

2014

  1. Risk and Ambiguity in Models of Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2013

  1. Demography and Low Frequency Capital Flows
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Chapter (2013)
  2. Identifying Taylor Rules in Macro-Finance Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2013) Downloads View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) Downloads View citations (1)

2011

  1. Global Capital Flows: The Roles of Demography, Productivity and Taxes
    2011 Meeting Papers, Society for Economic Dynamics Downloads
  2. Sources of Entropy in Representative Agent Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) Downloads
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2011) Downloads

    See also Journal Article in Journal of Finance (2014)

2010

  1. Monetary Policy and the Uncovered Interest Parity Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
  2. Sources of entropy in representative agent models of asset pricing
    2010 Meeting Papers, Society for Economic Dynamics Downloads

2009

  1. Current Account Fact and Fiction
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (56)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (39)
  2. Disasters Implied by Equity Index Options
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (6)

    See also Journal Article in Journal of Finance (2011)
  3. The Cyclical Component of US Asset Returns
    2009 Meeting Papers, Society for Economic Dynamics View citations (2)

2008

  1. Monetary Policy and the Uncovered Interest Rate Parity Puzzle
    2008 Meeting Papers, Society for Economic Dynamics Downloads

2007

  1. Cracking the Conundrum
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2007) Downloads View citations (17)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2007) Downloads View citations (12)

    See also Journal Article in Brookings Papers on Economic Activity (2007)
  2. Nonbanks in the Payments System: Vertical Integration Issues
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (2)
  3. Recursive Risk Sharing: Microfoundations for Representative-Agent Asset Pricing
    2007 Meeting Papers, Society for Economic Dynamics
  4. Taxes and the Global Allocation of Capital
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Journal of Monetary Economics (2008)

2006

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

2005

  1. Recursive Preferences
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (1)

2004

  1. Exotic Preferences for Macroeconomists
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics Downloads View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (46)

    See also Chapter (2005)
  2. International Risk Sharing with exotic preferences
    2004 Meeting Papers, Society for Economic Dynamics

2002

  1. Accouting for Biases in Black-Scholes
    Finance, EconWPA Downloads View citations (19)
  2. Contagion in Financial Markets
    Finance, EconWPA Downloads View citations (3)
  3. Markov Chain Approximations For Term Structure Models
    Finance, EconWPA Downloads

1999

  1. Design and Estimation of Affine Yield Models
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads View citations (8)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business (1999) Downloads View citations (7)

1998

  1. Discrete-Time Models of Bond Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (40)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads View citations (7)
  2. Inflation and Reputation
    Levine's Working Paper Archive, David K. Levine Downloads View citations (14)
    Also in Working Papers, Queen's University, Department of Economics (1984) View citations (4)

    See also Journal Article in American Economic Review (1985)
  3. Oil Prices and the Terms of Trade
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    See also Journal Article in Journal of International Economics (2000)
  4. Predictable Changes in Yields and Forward Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    See also Journal Article in Journal of Financial Economics (2001)

1997

  1. 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- View citations (1)

1996

  1. Affine Models of Currency Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (41)
    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 (35)
  2. Arbitrage Opportunities in Arbitrage-Free Models of Bond Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1994) View citations (2)
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- (1996)
    Working Papers, Columbia - Graduate School of Business (1994) View citations (8)

    See also Journal Article in Journal of Business & Economic Statistics (1998)

1994

  1. Reverse Engineering the Yield Curve
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (42)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1994) View citations (16)
  2. The Forward Premium Anamoly: Three Examples in Search of a Solution
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads View citations (7)
  3. The Forward Premium Anomaly: Three Examples in Serach of Solution
    Working Papers, Columbia - Graduate School of Business View citations (3)

1993

  1. Consumption and Real Exchange Rates in Dynamic Economies with Non-Traded Goods
    Working Papers, Queen's University, Department of Economics Downloads View citations (138)
    See also Journal Article in Journal of International Economics (1993)
  2. 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
  3. International Business Cycles: Theory and Evidence
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (121)
  4. 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 (4)
    Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (42)

    See also Journal Article in Journal of Money, Credit and Banking (1993)
  5. 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 (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (2)

1992

  1. 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) Downloads View citations (3)

    See also Journal Article in Journal of Finance (1993)
  2. 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 (14)
  3. 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 (2)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) Downloads View citations (3)
  4. Dynamics of the Trade Balance and the Terms of Trade: The S-Curve
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Working Paper, Federal Reserve Bank of Cleveland (1992) Downloads View citations (5)

    See also Journal Article in American Economic Review (1994)
    Software Item (1992)
    Software Item (1992)
  5. In search of scale effects in trade and growth
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (109)
    See also Journal Article in Journal of Economic Theory (1992)
  6. 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 (86)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) Downloads View citations (4)

    See also Journal Article in American Economic Review (1992)
  7. 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 (1)
    See also Journal Article in Journal of International Economics (1993)
  8. 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 (3)
    Also in Working Paper, Federal Reserve Bank of Cleveland (1992) Downloads View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) Downloads View citations (10)
  9. Theoretical Relations Between Risk Premiums and Conditional Variances
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (6)
    See also Journal Article in Journal of Business & Economic Statistics (1993)

1991

  1. International real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (47)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1987) Downloads

    See also Journal Article in Journal of Political Economy (1992)

1988

  1. On the denomination of government debt: a critique of the portfolio balance approach
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (3)
    See also Journal Article in Journal of Monetary Economics (1989)
  2. Risk Premiums in Asset Prices and Returns
    Working Papers, Queen's University, Department of Economics

1987

  1. Trade and Exchange-Rate Dynamics in a Dynamic Competitive Economy
    Working Papers, Queen's University, Department of Economics View citations (1)

1986

  1. A Positive Theory of Fiscal Policy in Open Economies
    Working Papers, Queen's University, Department of Economics View citations (2)
    See also Chapter (1988)
  2. Credible Disinflation in Closed and Open Economies
    Working Papers, Queen's University, Department of Economics
  3. Risk Premiums in the Term Structure: Evidence from Artificial Economies
    Working Papers, Queen's University, Department of Economics View citations (2)
    See also Journal Article in Journal of Monetary Economics (1989)
  4. The Consistency of Optimal Policy in Stochastic Rational Expectations Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (93)

1985

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

1984

  1. Exchange Rate Dynamics in a Model with Staggered Wage Contracts
    Working Papers, Queen's University, Department of Economics View citations (2)
  2. Rational Expectations and Policy Credibility Following a Regime Change
    Working Papers, Queen's University, Department of Economics

1983

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

1982

  1. 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)
  2. Notes on Dynamical Systems in Economics
    Working Papers, Queen's University, Department of Economics View citations (1)
  3. The Canada-U.S. Exchange Rate: Evidence for a Vector Autoregression
    Working Papers, Queen's University, Department of Economics

1980

  1. A Model of U.S. Financial and Nonfinancial Economic Behavior
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (18)
    See also Journal Article in Journal of Money, Credit and Banking (1980)

1978

  1. An Integrated Model of Household Flow-of-Funds Allocations
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (3)
    See also Journal Article in Journal of Money, Credit and Banking (1980)

Undated

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

Journal Articles

2014

  1. Sources of Entropy in Representative Agent Models
    Journal of Finance, 2014, 69, (1), 51-99 Downloads View citations (3)
    See also Working Paper (2011)

2011

  1. Disasters Implied by Equity Index Options
    Journal of Finance, 2011, 66, (6), 1969-2012 Downloads View citations (38)
    See also Working Paper (2009)

2008

  1. Taxes and the global allocation of capital
    Journal of Monetary Economics, 2008, 55, (1), 48-61 Downloads View citations (17)
    See also Working Paper (2007)

2007

  1. Cracking the Conundrum
    Brookings Papers on Economic Activity, 2007, 38, (1), 293-329 Downloads View citations (16)
    See also Working Paper (2007)

2005

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

2001

  1. Affine Term Structure Models and the Forward Premium Anomaly
    Journal of Finance, 2001, 56, (1), 279-304 Downloads View citations (130)
  2. Predictable changes in yields and forward rates
    Journal of Financial Economics, 2001, 59, (3), 281-311 Downloads View citations (47)
    See also Working Paper (1998)

2000

  1. Oil prices and the terms of trade
    Journal of International Economics, 2000, 50, (1), 185-213 Downloads View citations (133)
    See also Working Paper (1998)

1999

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

1998

  1. Arbitrage Opportunities in Arbitrage-Free Models of Bond Pricing
    Journal of Business & Economic Statistics, 1998, 16, (1), 13-26 View citations (11)
    See also Working Paper (1996)
  2. The Japanese trade balance: Recent history and future prospects1
    Japan and the World Economy, 1998, 10, (4), 409-420 Downloads View citations (1)

1995

  1. A decision support system for strategic planning on pig farms
    Agricultural Economics, 1995, 13, (2), 101-108 Downloads View citations (1)
  2. Interpreting the Forward Premium Anomaly
    Canadian Journal of Economics, 1995, 28, (s1), 108-119 View citations (6)
    See also Working Paper

1994

  1. Comments on 'hysteresis and the duration of the J-curve', by Avinash Dixit
    Japan and the World Economy, 1994, 6, (2), 121-128 Downloads
  2. Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?
    American Economic Review, 1994, 84, (1), 84-103 Downloads View citations (359)
    See also Working Paper (1992)
    Software Item (1992)
    Software Item (1992)

1993

  1. Accounting for Forward Rates in Markets for Foreign Currency
    Journal of Finance, 1993, 48, (5), 1887-1908 Downloads View citations (78)
    See also Working Paper (1992)
  2. Consumption and real exchange rates in dynamic economies with non-traded goods
    Journal of International Economics, 1993, 35, (3-4), 297-316 Downloads View citations (189)
    See also Working Paper (1993)
  3. International business cycles: theory vs. evidence
    Quarterly Review, 1993, (Fall), 14-29 Downloads View citations (23)
  4. Interpreting comovements in the trade balance and the terms of trade
    Journal of International Economics, 1993, 34, (3-4), 375-387 Downloads View citations (19)
    See also Working Paper (1992)
  5. Long-Memory Inflation Uncertainty: Evidence from the Term Structure of Interest Rates
    Journal of Money, Credit and Banking, 1993, 25, (3), 681-700 Downloads View citations (46)
    Also in Proceedings, 1993, 681-708 (1993) View citations (39)

    See also Working Paper (1993)
  6. Theoretical Relations between Risk Premiums and Conditional Variances
    Journal of Business & Economic Statistics, 1993, 11, (2), 177-85 View citations (49)
    See also Working Paper (1992)

1992

  1. In search of scale effects in trade and growth
    Journal of Economic Theory, 1992, 58, (2), 377-409 Downloads View citations (76)
    See also Working Paper (1992)
  2. International Evidence of the Historical Properties of Business Cycles
    American Economic Review, 1992, 82, (4), 864-88 Downloads View citations (200)
    See also Working Paper (1992)
  3. International Real Business Cycles
    Journal of Political Economy, 1992, 100, (4), 745-75 Downloads View citations (719)
    See also Working Paper (1991)

1990

  1. Borrowing Constraints, Occupational Choice, and Labor Supply
    Journal of Labor Economics, 1990, 8, (1), 145-73 Downloads View citations (9)

1989

  1. On the denomination of government debt: A critique of the portfolio balance approach
    Journal of Monetary Economics, 1989, 23, (3), 359-376 Downloads View citations (9)
    See also Working Paper (1988)
  2. Risk premiums in the term structure: Evidence from artificial economies
    Journal of Monetary Economics, 1989, 24, (3), 371-399 Downloads View citations (93)
    See also Working Paper (1986)

1986

  1. The Canadian-U.S. Exchange Rate: Evidence from a Vector Autoregression
    The Review of Economics and Statistics, 1986, 68, (4), 628-37 Downloads View citations (5)

1985

  1. Inflation and Reputation
    American Economic Review, 1985, 75, (3), 530-38 Downloads View citations (178)
    See also Working Paper (1998)
  2. Rational Expectations and Policy Credibility Following a Change in Regime
    Review of Economic Studies, 1985, 52, (2), 211-21 Downloads View citations (76)

1984

  1. Empirical Models of the Exchange Rate: Separating the Wheat from the Chaff
    Canadian Journal of Economics, 1984, 17, (4), 824-46 Downloads View citations (32)
    See also Working Paper (1982)

1980

  1. A Model of U.S. Financial and Nonfinancial Economic Behavior
    Journal of Money, Credit and Banking, 1980, 12, (2), 259-93 Downloads View citations (17)
    See also Working Paper (1980)
  2. An Integrated Model of Household Flow-of-Funds Allocations
    Journal of Money, Credit and Banking, 1980, 12, (2), 400-421 Downloads View citations (7)
    See also Working Paper (1978)

1977

  1. British Producer Cooperatives in the Footwear Industry: An Empirical Evaluation of the Theory of Financing
    Economic Journal, 1977, 87, (347), 488-510 Downloads View citations (6)

Chapters

2013

  1. Demography and Low-Frequency Capital Flows
    A chapter in NBER International Seminar on Macroeconomics 2013, 2013, pp 94-102
    See also Working Paper (2013)

2005

  1. Exotic Preferences for Macroeconomists
    A chapter in NBER Macroeconomics Annual 2004, Volume 19, 2005, pp 319-414 Downloads View citations (8)
    See also Working Paper (2004)

1988

  1. A Positive Theory of Fiscal Policy in Open Economies
    A chapter in International Aspects of Fiscal Policies, 1988, pp 173-196 Downloads
    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 Downloads
    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 Downloads
    See also Working Paper
    Working Paper (1992)
    Journal Article in American Economic Review (1994)
 
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