Details about Martin Eichenbaum

E-mail:
Homepage:	http://www.faculty.econ.northwestern.edu/faculty/eichenbaum/
Phone:	847-491-8232
Postal address:	Department of Economics Northwestern University Evanston Illinois 60208
Workplace:	Department of Economics, Northwestern University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC) Economic Research Department, Federal Reserve Bank of Chicago, (more information at EDIRC)

Access statistics for papers by Martin Eichenbaum.

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Working Papers

2003

Fiscal Shocks and Their Consequences
NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
See also Journal Article in Journal of Economic Theory (2004)
How do Canadian hours worked respond to a technology shock?
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
What Happens After a Technology Shock?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (220)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (138)
Why is Inflation so Low after Large Devaluations?
IEHAS Discussion Papers, Institute of Economics, Hungarian Academy of Sciences View citations (6)

2002

Why Are Rates of Inflation So Low After Large Devaluations?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (48)
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2002) View citations (50)

2001

Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (362)
Also in Working Paper, Federal Reserve Bank of Cleveland (2001) View citations (467)
Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (352)
See also Journal Article in Journal of Political Economy (2005)
On the Fiscal Implications of Twin Crises
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
Also in Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (2)
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2001) View citations (2)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (2)
See also Chapter (2003)

2000

Assessing the Effects of Fiscal Shocks
NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (16)
Fiscal Shocks in an Efficiency Wage Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (5)
On the Fundamentals of Self-Fulfilling Prophecies
RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
On the Fundamentals of Self-Fulfilling Speculative Attacks
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (15)

1999

Hedging and Financial Fragilities in Fixed Exchange Rate Regimes
RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
Hedging and Financial Fragility in Fixed Exchange Rate Regimes
NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (57)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (45)
See also Journal Article in European Economic Review (2001)
Prospective deficits and the asian currency crisis
Policy Research Working Paper Series, The World Bank View citations (10)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (24)
Working Paper Series, Federal Reserve Bank of Chicago (1998) View citations (41)
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1998) View citations (25)
CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (11)
See also Journal Article in Journal of Political Economy (2001)

1998

Modeling Money
NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (6)
Monetary Policy Shocks: What Have We Learned and to What End?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (464)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (24)
See also Chapter (1999)
Understanding the Effects of a Shock to Government Purchases
NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
Also in Working Paper Series, Federal Reserve Bank of Chicago (1998) View citations (42)
See also Journal Article in Review of Economic Dynamics (1999)

1996

Expectation Traps and Discretion
NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (1)
Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1996) View citations (7)
See also Journal Article in Journal of Economic Theory (1998)
Sticky Price and Limited Participation Models of Money: A Comparison
NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (7)
Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (69)
See also Journal Article in European Economic Review (1997)

1995

Capital Utilization and Returns to Scale
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (158)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (155)
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1995) View citations (157)
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (144)
See also Chapter (1995)
Inside Money, Outside Money and Short Term Interest Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (37)
See also Journal Article in Journal of Money, Credit and Banking (1995)
Sectoral Solow Residuals
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (5)
See also Journal Article in European Economic Review (1996)

1994

Factor Hoarding and the Propagation of Business Cycles Shocks
NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
See also Journal Article in American Economic Review (1996)
Identification and the effects of monetary policy shocks
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (50)
Small Sample Properties of Generalized Method of Moments Based Wald Tests
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 (1994) View citations (11)
The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds
NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
The effects of monetary policy shocks: evidence from the Flow of Funds
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (65)
See also Journal Article in The Review of Economics and Statistics (1996)

1993

Labor Hoarding and the Business Cycle
NBER Working Papers, National Bureau of Economic Research, Inc View citations (199)
See also Journal Article in Journal of Political Economy (1993)
Some Empirical Evidence on the Effects of Monetary Policy Shocks on Exchange Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1992) View citations (37)

1992

Liquidity Effects and the Monetary Transmission Mechanism
NBER Working Papers, National Bureau of Economic Research, Inc View citations (197)
Also in Staff Report, Federal Reserve Bank of Minneapolis (1992) View citations (188)
See also Journal Article in American Economic Review (1992)
Liquidity Effects, Monetary Policy, and the Business Cycle
NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (24)
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1992) View citations (24)
See also Journal Article in Journal of Money, Credit and Banking (1995)

1991

Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data
NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
See also Journal Article in Journal of Business & Economic Statistics (1990)
Identification and the Liquidity Effect of a Monetary Policy Shock
NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
Liquidity effects, monetary policy, and the business cycle (technical appendix)
Working Papers, Federal Reserve Bank of Minneapolis View citations (2)

1990

Current real business cycle theories and aggregate labor market fluctuations
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (18)
Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations (183)
See also Journal Article in American Economic Review (1992)
Real Business Cycle Theory: Wisdom or Whimsy?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1990) View citations (5)
See also Journal Article in Journal of Economic Dynamics and Control (1991)
Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
See also Journal Article in American Economic Review (1989)
The Output, Employment, and Interest Rate Effects of Government Consumption
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
Also in Working Papers, Federal Reserve Bank of Minneapolis (1990) View citations (9)
Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations (12)
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1990) View citations (25)
See also Journal Article in Journal of Monetary Economics (1992)
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 (9)
See also Journal Article in Econometrica (1991)
Unit roots in real GNP: do we know, and do we care?
Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (57)
Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1989) View citations (7)
NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (46)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1990)

1988

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 (9)

1987

Capital Accumulation and Annuities in an Adverse Selection Economy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
See also Journal Article in Journal of Political Economy (1987)
Temporal aggregation and structural inference in macroeconomics
Working Papers, Federal Reserve Bank of Minneapolis View citations (33)
Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1986) View citations (14)
See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1987)
Temporal aggregation and the stock adjustment model of inventories
Working Papers, Federal Reserve Bank of Minneapolis View citations (1)

1986

A Time Series Analysis of Representative Agent Models of Consumption andLeisure Choice Under Uncertainty
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article in The Quarterly Journal of Economics (1988)
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)
Do Equilibrium Real Business Cycle Theories Explain Post-War U.S. Business Cycles?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
See also Chapter (1986)

Journal Articles

2011

Do Peso Problems Explain the Returns to the Carry Trade?
Review of Financial Studies, 2011, 24, (3), 853-891 View citations (11)
See also Working Paper (2010)
Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Review of Economic Dynamics, 2011, 14, (2), 225-247 View citations (5)
See also Working Paper (2005)
Working Paper (2010)
Software Item (2010)
Reference Prices, Costs, and Nominal Rigidities
American Economic Review, 2011, 101, (1), 234-62 View citations (7)
When Is the Government Spending Multiplier Large?
Journal of Political Economy, 2011, 119, (1), 78 - 121 View citations (37)
See also Working Paper (2010)

2009

Understanding the Forward Premium Puzzle: A Microstructure Approach
American Economic Journal: Macroeconomics, 2009, 1, (2), 127-54 View citations (8)
See also Working Paper (2007)

2008

Carry Trade: The Gains of Diversification
Journal of the European Economic Association, 2008, 6, (2-3), 581-588 View citations (3)

2007

Estimating the frequency of price re-optimization in Calvo-style models
Journal of Monetary Economics, 2007, 54, (7), 2032-2047 View citations (44)
Modeling exchange rate passthrough after large devaluations
Journal of Monetary Economics, 2007, 54, (2), 346-368 View citations (7)
See also Working Paper (2005)
The Returns to Currency Speculation in Emerging Markets
American Economic Review, 2007, 97, (2), 333-338 View citations (21)
See also Working Paper (2007)

2006

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 (3)
See also Working Paper (2005)
Government finance in the wake of currency crises
Journal of Monetary Economics, 2006, 53, (3), 401-440 View citations (7)
See also Working Paper (2005)
The importance of nontradable goods' prices in cyclical real exchange rate fluctuations
Japan and the World Economy, 2006, 18, (3), 247-253 View citations (3)
See also Working Paper (2005)

2005

Fiscal Policy in the Aftermath of 9/11
Journal of Money, Credit and Banking, 2005, 37, (1), 1-22 View citations (22)
See also Working Paper (2004)
Large Devaluations and the Real Exchange Rate
Journal of Political Economy, 2005, 113, (4), 742-784 View citations (107)
See also Working Paper (2004)
Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Journal of Political Economy, 2005, 113, (1), 1-45 View citations (1048)
Also in Proceedings, 2001, (Jun) (2001) View citations (258)
See also Working Paper (2001)

2004

Fiscal shocks and their consequences
Journal of Economic Theory, 2004, 115, (1), 89-117 View citations (103)
See also Working Paper (2003)
Government guarantees and self-fulfilling speculative attacks
Journal of Economic Theory, 2004, 119, (1), 31-63 View citations (28)
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 (41)
See also Working Paper (2004)

2003

Testing the Calvo model of sticky prices
Economic Perspectives, 2003, (Q II), 40-53 View citations (15)

2001

Hedging and financial fragility in fixed exchange rate regimes
European Economic Review, 2001, 45, (7), 1151-1193 View citations (65)
See also Working Paper (1999)
Prospective Deficits and the Asian Currency Crisis
Journal of Political Economy, 2001, 109, (6), 1155-1197 View citations (88)
See also Working Paper (1999)

2000

Understanding the Korean and Thai currency crises
Economic Perspectives, 2000, (Q III), 45-60 View citations (4)

1999

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 (3)
Understanding the Effects of a Shock to Government Purchases
Review of Economic Dynamics, 1999, 2, (1), 166-206 View citations (68)
See also Working Paper (1998)

1998

Costly capital reallocation and the effects of government spending: A comment
Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 195-209 View citations (6)
Expectation Traps and Discretion
Journal of Economic Theory, 1998, 81, (2), 462-492 View citations (71)
See also Working Paper (1996)
How does an increase in government purchases affect economy?
Economic Perspectives, 1998, (Q III), 29-43 View citations (2)

1997

Dynamic effects of monetary policy; a conference sponsored by the Federal Reserve Bank of Cleveland, November 6-8, 1996
Proceedings, 1997, (Nov)
Some Thoughts on Practical Stabilization Policy
American Economic Review, 1997, 87, (2), 236-39 View citations (15)
Sticky price and limited participation models of money: A comparison
European Economic Review, 1997, 41, (6), 1201-1249 View citations (185)
See also Working Paper (1996)

1996

Factor-Hoarding and the Propagation of Business-Cycle Shocks
American Economic Review, 1996, 86, (5), 1154-74 View citations (153)
See also Working Paper (1994)
Sectoral Solow residuals
European Economic Review, 1996, 40, (3-5), 861-869 View citations (40)
See also Working Paper (1995)
Small-Sample Properties of GMM-Based Wald Tests
Journal of Business & Economic Statistics, 1996, 14, (3), 294-308 View citations (17)
Some comments on the role of econometrics in economic theory
Economic Perspectives, 1996, (Jan), 22-31 View citations (1)
Also in Economic Journal, 1995, 105, (433), 1609-21 (1995) View citations (5)
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 (250)
Also in Proceedings, 1994, (Apr) (1994) View citations (24)
See also Working Paper (1994)

1995

Inside Money, Outside Money, and Short-Term Interest Rates
Journal of Money, Credit and Banking, 1995, 27, (4), 1354-86 View citations (36)
Also in Proceedings, 1994, 1354-1401 (1994) View citations (16)
See also Working Paper (1995)
Liquidity Effects, Monetary Policy, and the Business Cycle
Journal of Money, Credit and Banking, 1995, 27, (4), 1113-36 View citations (97)
See also Working Paper (1992)
Some Empirical Evidence on the Effects of Shocks to Monetary Policy on Exchange Rates
The Quarterly Journal of Economics, 1995, 110, (4), 975-1009 View citations (218)

1993

Interest rate smoothing in an equilibrium business cycle model
Proceedings, 1993, (Mar) View citations (4)
Labor Hoarding and the Business Cycle
Journal of Political Economy, 1993, 101, (2), 245-73 View citations (173)
See also Working Paper (1993)

1992

'Interpreting the macroeconomic time series facts: The effects of monetary policy': by Christopher Sims
European Economic Review, 1992, 36, (5), 1001-1011 View citations (47)
Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations
American Economic Review, 1992, 82, (3), 430-50 View citations (180)
See also Working Paper (1990)
Liquidity Effects and the Monetary Transmission Mechanism
American Economic Review, 1992, 82, (2), 346-53 View citations (221)
See also Working Paper (1992)
Liquidity effects, the monetary transmission mechanism, and monetary policy
Economic Perspectives, 1992, (Nov), 2-14
The output, employment, and interest rate effects of government consumption
Journal of Monetary Economics, 1992, 30, (1), 73-86 View citations (43)
See also Working Paper (1990)

1991

Real business-cycle theory: Wisdom or whimsy?
Journal of Economic Dynamics and Control, 1991, 15, (4), 607-626 View citations (24)
See also Working Paper (1990)
Technology shocks and the business cycle
Economic Perspectives, 1991, (Mar), 14-31
The Permanent Income Hypothesis Revisited
Econometrica, 1991, 59, (2), 397-423 View citations (42)
See also Working Paper (1990)

1990

Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data
Journal of Business & Economic Statistics, 1990, 8, (1), 53-69 View citations (86)
See also Working Paper (1991)
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 (54)
See also Working Paper (1990)

1989

Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment
American Economic Review, 1989, 79, (4), 853-64 View citations (68)
See also Working Paper (1990)

1988

A Time Series Analysis of Representative Agent Models of Consumption and Leisure Choice under Uncertainty
The Quarterly Journal of Economics, 1988, 103, (1), 51-78 View citations (172)
See also Working Paper (1986)

1987

Capital Accumulation and Annuities in an Adverse Selection Economy
Journal of Political Economy, 1987, 95, (2), 334-54 View citations (14)
See also Working Paper (1987)
Temporal aggregation and structural inference in macroeconomics
Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 63-130 View citations (33)
See also Working Paper (1987)

1985

A shred of evidence on public acceptance of privately issued currency
Quarterly Review, 1985, (Win) View citations (2)
The Distribution of Wealth and Welfare in the Presence of Incomplete Annuity Markets
The Quarterly Journal of Economics, 1985, 100, (3), 789-806 View citations (11)
Uncertain lifetimes and the welfare enhancing properties of annuity markets and social security
Journal of Public Economics, 1985, 26, (3), 303-326 View citations (48)
Vector autoregressions for causal inference? comment
Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 305-318 View citations (3)

1984

Rational expectations and the smoothing properties of inventories of finished goods
Journal of Monetary Economics, 1984, 14, (1), 71-96 View citations (30)

1983

A rational expectations equilibrium model of inventories of finished goods and employment
Journal of Monetary Economics, 1983, 12, (2), 259-277 View citations (9)

Chapters

2011

Comment on "Natural Expectations, Macroeconomic Dynamics, and Asset Pricing"
A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 49-60

2007

Assessing Structural VARs
A chapter in NBER Macroeconomics Annual 2006, Volume 21, 2007, pp 1-106 View citations (4)
See also Working Paper (2006)

2003

On the Fiscal Implications of Twin Crises
A chapter in Managing Currency Crises in Emerging Markets, 2003, pp 187-224 View citations (7)
See also Working Paper (2001)

1999

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 (587)
See also Working Paper (1998)

1995

Capital Utilization and Returns to Scale
A chapter in NBER Macroeconomics Annual 1995, Volume 10, 1995, pp 67-124 View citations (101)
See also Working Paper (1995)

1987

Erratum, Do Equilibrium Real Business Cycle Theories Explain Postwar U.S. Business Cycles?
A chapter in NBER Macroeconomics Annual 1987, Volume 2, 1987, pp 317-321

1986

Do Equilibrium Real Business Cycle Theories Explain Postwar U.S. Business Cycles?
A chapter in NBER Macroeconomics Annual 1986, Volume 1, 1986, pp 91-146 View citations (4)
See also Working Paper (1986)

Undated

Panel Statement: What shortcomings in macroeconomic and finance theory has the crisis revealed, and how should they be addressed in the future?
European Central Bank

Software Items

2010

Code files for "Firm-Specific Capital, Nominal Rigidities and the Business Cycle"
Computer Codes, Review of Economic Dynamics
See also Journal Article in Review of Economic Dynamics (2011)

2001

Matlab code for On the Fiscal Implications of Twin Crises
QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles