Details about Andreas Hornstein
Access statistics for papers by Andreas Hornstein.
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Short-id: pho142
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Working Papers
2012
- Accounting for unemployment: the long and short of it
Working Paper, Federal Reserve Bank of Richmond
2011
- On the implementation of Markov-Perfect interest rate and money supply rules: global and local uniqueness
Working Paper, Federal Reserve Bank of Richmond 
Also in Working Papers, Federal Reserve Bank of Philadelphia (2008) View citations (3)
- On the implementation of Markov-perfect monetary policy
Working Papers, Federal Reserve Bank of Philadelphia
- Transition Dynamics in the Neoclassical Growth Model: The Case of South Korea
RCER Working Papers, University of Rochester - Center for Economic Research (RCER) 
Also in Working Paper, Federal Reserve Bank of Richmond (2011)
2009
- Notes on collateral constraints in a simple model of housing
Working Paper, Federal Reserve Bank of Richmond
2007
- Frictional Wage Dispersion in Search Models: A Quantitative Assessment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
Also in Working Paper, Federal Reserve Bank of Richmond (2006) View citations (22)
See also Journal Article in American Economic Review (2011)
- Interest rate versus money supply instruments: on the implementation of Markov-perfect optimal monetary policy
Working Papers, Federal Reserve Bank of Philadelphia
- Notes on the inflation dynamics of the New Keynesian Phillips curve
Working Paper, Federal Reserve Bank of Richmond
2006
- Frictional Wage Dispersion in Search Models: A Quantitative Approach
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
- Frictional Wage Inequality: A Puzzle?
2006 Meeting Papers, Society for Economic Dynamics View citations (1)
- Home production
Working Paper, Federal Reserve Bank of Richmond View citations (5)
- Technical appendix for "Frictional wage dispersion in search models: a quantitative assessment"
Working Paper, Federal Reserve Bank of Richmond View citations (5)
- Technology-policy interaction in frictional labor markets
Working Paper, Federal Reserve Bank of Richmond View citations (6)
See also Journal Article in Review of Economic Studies (2007)
- Understanding how employment responds to productivity shocks in a model with inventories
Working Paper, Federal Reserve Bank of Richmond View citations (6)
2005
- The Effects of Technical Change on Labor Market Inequalities
Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations (38)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (2) Working Paper, Federal Reserve Bank of Richmond (2004) View citations (2)
See also Chapter (2005)
- The Replacement Problem in Frictional Economies: An 'Equivalence Result'
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
- The replacement problem in frictional economies: a near equivalence result
Working Paper, Federal Reserve Bank of Richmond View citations (7)
See also Journal Article in Journal of the European Economic Association (2005)
2004
- A Quantitative Study of the Replacement Problem in Frictional Economies
2004 Meeting Papers, Society for Economic Dynamics
- Productivity, Employment, and Inventories: Smoothing Over Sticky Prices
2004 Meeting Papers, Society for Economic Dynamics
- Productivity, employment, and inventories
Working Paper, Federal Reserve Bank of Richmond View citations (3)
2002
- Data Appendix to The Role of Real Wages, Productivity, and Fiscal Policy in Germany's Great Depression 1928-37
Technical Appendices, Review of Economic Dynamics 
See also Journal Article in Review of Economic Dynamics (2002)
- Should optimal discretionary monetary policy look at money?
Working Paper, Federal Reserve Bank of Richmond View citations (3)
- Vintage Capital as an Origin of Inequalities
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
Also in Working Paper, Federal Reserve Bank of Richmond (2002) View citations (2)
See also Journal Article in Proceedings (2002)
2001
- Sticky prices and inventories: production smoothing reconsidered
Working Paper, Federal Reserve Bank of Richmond View citations (6)
- The role of real wages, productivity and fiscal policy in Germany's Great Depression 1928-1937
Working Paper Series, Federal Reserve Bank of Chicago View citations (1)
- The role of real wages, productivity, and fiscal policy in Germany's Great Depression, 1928-37
Working Paper, Federal Reserve Bank of Richmond View citations (3)
See also Journal Article in Review of Economic Dynamics (2002)
1999
- What is the real story for interest rate volatility?
Working Paper, Federal Reserve Bank of Richmond 
See also Journal Article in German Economic Review (2000)
1998
- (S,s) Inventory policies in general equilibrium
Working Paper, Federal Reserve Bank of Richmond View citations (16)
Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (4) UWO Department of Economics Working Papers, University of Western Ontario, Department of Economics (1995) View citations (1) Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1995) View citations (9)
See also Journal Article in Review of Economic Studies (2000)
- Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate?
Working Papers, Bank of Canada View citations (1)
Also in Working Paper, Federal Reserve Bank of Richmond (1998) View citations (1)
See also Journal Article in Canadian Journal of Economics (1999)
- External vs. internal learning-by-doing in an R&D based growth model
Working Paper, Federal Reserve Bank of Richmond View citations (8)
- Staggered prices and inventories: production smoothing reconsidered
Working Paper, Federal Reserve Bank of Richmond View citations (3)
1997
- Intermediate inputs and sectoral comovement in the business cycle
Working Paper, Federal Reserve Bank of Richmond View citations (52)
See also Journal Article in Journal of Monetary Economics (1997)
1994
- The real business cycle: intermediate inputs and sectoral comovement
Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (3)
1989
- The firm and the plant in general equilibrium theory
Staff Report, Federal Reserve Bank of Minneapolis View citations (27)
Journal Articles
2011
- Frictional Wage Dispersion in Search Models: A Quantitative Assessment
American Economic Review, 2011, 101, (7), 2873-98 View citations (9)
See also Working Paper (2007)
- Introduction to the special issue on modern macroeconomic theory
Economic Quarterly, 2011, (3Q), 189-193
- Potential causes and implications of the rise in long-term unemployment
Richmond Fed Economic Brief, 2011, (Sep)
2010
- Monetary policy with interest on reserves
Economic Quarterly, 2010, (2Q), 153-177
2009
- On the employment effects of productivity shocks: The role of inventories, demand elasticity, and sticky prices
Journal of Monetary Economics, 2009, 56, (3), 328-343 View citations (10)
- Problems for a fundamental theory of house prices
Economic Quarterly, 2009, (Win), 1-24 View citations (2)
2008
- Introduction to the New Keynesian Phillips curve
Economic Quarterly, 2008, (Fall), 301-309
2007
- Evolving inflation dynamics and the New Keynesian Phillips curve
Economic Quarterly, 2007, (Fall), 317-339 View citations (7)
- Technology—Policy Interaction in Frictional Labour-Markets
Review of Economic Studies, 2007, 74, (4), 1089-1124 
See also Working Paper (2006)
2006
- Implementation of optimal monetary policy
Economic Quarterly, 2006, (Spr), 113-133
2005
- The Replacement Problem In Frictional Economies: A Near-Equivalence Result
Journal of the European Economic Association, 2005, 3, (5), 1007-1057 View citations (9)
See also Working Paper (2005)
- Trend inflation, firm-specific capital, and sticky prices
Economic Quarterly, 2005, (Fall), 57-83 View citations (12)
- Unemployment and vacancy fluctuations in the matching model: inspecting the mechanism
Economic Quarterly, 2005, (Sum), 19-50 View citations (49)
2004
- (Un)balanced growth
Economic Quarterly, 2004, (Fall), 25-45
2003
- Implications of the capital-embodiment revolution for directed R&D and wage inequality
Economic Quarterly, 2003, (Fall), 25-50 View citations (7)
- Should a monetary policymaker look at money?
Journal of Monetary Economics, 2003, 50, (3), 547-579 View citations (14)
2002
- The Role of Real Wages, Productivity, and Fiscal Policy in Germany's Great Depression 1928-37
Review of Economic Dynamics, 2002, 5, (1), 100-127 View citations (6)
See also Working Paper (2002) Working Paper (2001)
- Towards a theory of capacity utilization: shiftwork and the workweek of capital
Economic Quarterly, 2002, (Spr), 65-86
- Vintage capital as an origin of inequalities
Proceedings, 2002, (Nov) View citations (2)
See also Working Paper (2002)
2001
- Computers and growth with frictions: aggregate and disaggregate evidence A comment
Carnegie-Rochester Conference Series on Public Policy, 2001, 55, (1), 217-228
2000
- (S, s) Inventory Policies in General Equilibrium
Review of Economic Studies, 2000, 67, (1), 117-45 View citations (19)
See also Working Paper (1998)
- The IT revolution: is it evident in the productivity numbers?
Economic Quarterly, 2000, (Fall), 49-78 View citations (5)
- The business cycle and industry comovement
Economic Quarterly, 2000, (Win), 27-48 View citations (16)
- What is the Real Story for Interest Rate Volatility?
German Economic Review, 2000, 1, (1), 43-67 View citations (2)
See also Working Paper (1999)
1999
- Can a Matching Model Explain the Long-Run Increase in Canada's Unemployment Rate?
Canadian Journal of Economics, 1999, 32, (4), 878-905 View citations (1)
See also Working Paper (1998)
- Growth accounting with technological revolutions
Economic Quarterly, 1999, (Sum), 1-22 View citations (8)
1998
- Inventory investment and the business cycle
Economic Quarterly, 1998, (Spr), 49-71 View citations (21)
1997
- Intermediate inputs and sectoral comovement in the business cycle
Journal of Monetary Economics, 1997, 40, (3), 573-595 View citations (60)
See also Working Paper (1997)
1993
- Money and Insurance in a Turnpike Environment
Economic Theory, 1993, 3, (1), 19-34 View citations (7)
- Monopolistic competition, increasing returns to scale, and the importance of productivity shocks
Journal of Monetary Economics, 1993, 31, (3), 299-316 View citations (58)
1991
- Insurance Contracts as Commodities: A Note
Review of Economic Studies, 1991, 58, (5), 917-28 View citations (2)
- Measures of the Insurance Sector Output
The Geneva Papers on Risk and Insurance - Issues and Practice, 1991, 16, (2), 191-206 View citations (1)
Chapters
2005
- The Effects of Technical Change on Labor Market Inequalities
Chapter 20 in Handbook of Economic Growth, 2005, vol. 1, Part B, pp 1275-1370 View citations (29)
See also Working Paper (2005)
1996
- Can Technology Improvements Cause Productivity Slowdowns?
A chapter in NBER Macroeconomics Annual 1996, Volume 11, 1996, pp 209-276 View citations (91)
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