Details about Patrick J. Kehoe

E-mail:
Homepage:	http://www.econ.umn.edu/~kehoe/
Workplace:	Federal Reserve Bank of Minneapolis, (more information at EDIRC) Department of Economics, University of Minnesota, (more information at EDIRC)

Access statistics for papers by Patrick J. Kehoe.

Last updated 2009-11-04. Update your information in the RePEc Author Service.

Short-id: pke4

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Working Papers

2009

1. Sophisticated Monetary Policies
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2009)
   Working Papers, Federal Reserve Bank of Minneapolis (2008)

2008

2. Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations
   See also Journal Article in Journal of Monetary Economics (2008)
3. Facts and myths about the financial crisis of 2008
   Working Papers, Federal Reserve Bank of Minneapolis View citations
4. New Keynesian Models: Not Yet Useful for Policy Analysis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations
   Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations
   See also Journal Article in American Economic Journal: Macroeconomics (2009)
5. On the Need for a New Approach to Analyzing Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations
   Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations
   See also Chapter (2008)
6. Temporary Price Changes and the Real Effects of Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations
   Working Papers, Federal Reserve Bank of Minneapolis (2008)
7. Time inconsistency and free-riding in a monetary union
   Staff Report, Federal Reserve Bank of Minneapolis View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
   Levine's Bibliography, UCLA Department of Economics (2003) View citations
   See also Journal Article in Journal of Money, Credit and Banking (2008)
8. Time-varying risk, interest rates, and exchange rates in general equilibrium
   Staff Report, Federal Reserve Bank of Minneapolis View citations
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2005) View citations
   Working Papers, Laboratory for Macroeconomic Analysis (2007) View citations
   See also Journal Article in Review of Economic Studies (2009)

2007

9. Comparing alternative representations and alternative methodologies in business cycle accounting
   Staff Report, Federal Reserve Bank of Minneapolis
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2006)
10. If exchange rates are random walks then almost everything we say about monetary policy is wrong
    Working Papers, Federal Reserve Bank of Minneapolis
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007)
    See also Journal Article in Quarterly Review (2008)
11. On the Optimal Choice of a Monetary Policy Instrument
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations
12. Reply to Solow
    Working Papers, Federal Reserve Bank of Minneapolis
13. Sales and the real effects of monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis View citations
14. Sticky prices and sectoral real exchange rates
    Working Papers, Federal Reserve Bank of Minneapolis View citations
15. The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007)
16. The Optimal Choice of a Monetary Policy Instrument
    Working Papers, Laboratory for Macroeconomic Analysis View citations

2006

17. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis
18. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations
    Levine's Bibliography, UCLA Department of Economics (2003) View citations
    Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    See also Journal Article in Econometrica (2007)
19. How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations
20. Modeling the transition to a new economy: lessons from two technological revolutions
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in American Economic Review (2007)
21. Modern Macroeconomics in Practice: How Theory is Shaping Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations
    See also Journal Article in Journal of Economic Perspectives (2006)
22. The advantage of transparency in monetary policy instruments
    Staff Report, Federal Reserve Bank of Minneapolis View citations

2005

23. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations
24. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics View citations
25. Modeling and measuring organization capital
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Political Economy (2005)
26. Sudden Stops and Output Drops
    Levine's Bibliography, UCLA Department of Economics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations
    See also Journal Article in American Economic Review (2005)

2004

27. Deflation and Depression: Is There and Empirical Link?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations
    See also Journal Article in American Economic Review (2004)
28. On the Desirability of Fiscal Constraints in a Monetary Union
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations
29. Patrick Kehoe's comment on "Determinants of business cycle comovement: a robust analysis" by Marianne Baxter and Michael Kouparitsas
    Staff Report, Federal Reserve Bank of Minneapolis
30. The optimal degree of discretion in monetary policy
    Working Paper Series, European Central Bank View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
    See also Journal Article in Econometrica (2005)

2003

31. Competitive equilibria with limited enforcement
    Staff Report, Federal Reserve Bank of Minneapolis
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
    Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations
    See also Journal Article in Journal of Economic Theory (2004)
32. Financial Crises as Herds: Overturning the Critiques
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations
    See also Journal Article in Journal of Economic Theory (2004)
33. Hot Money
    Levine's Bibliography, UCLA Department of Economics View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations
    See also Journal Article in Journal of Political Economy (2003)
34. The Time Consistency of Optimal Monetary and Fiscal Policies
    Department of Economics Working Papers, Universidad Torcuato Di Tella View citations
    See also Journal Article in Econometrica (2004)
35. The time consistency of monetary and fiscal policies
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations

2002

36. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations
37. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations
    See also Journal Article in Review of Economic Studies (2002)
38. Data Appendix to A Decade Lost and Found: Mexico and Chile in the 1980s
    Technical Appendices, Review of Economic Dynamics
    See also Journal Article in Review of Economic Dynamics (2002)
39. Measuring Organization Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
40. On the robustness of herds
    Working Papers, Federal Reserve Bank of Minneapolis View citations
41. Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations
    Also in Documentos de Trabajo, Instituto de Economía. Pontificia Universidad Católica de Chile. (2002) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
    See also Journal Article in American Economic Review (2002)

2001

42. A Decade Lost and Found: Mexico and Chile in the 1980s
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations
    Working Papers Central Bank of Chile, Central Bank of Chile (2001) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (2001)
    See also Journal Article in Review of Economic Dynamics (2002)
43. On the optimality of transparent monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis View citations
44. The Advantage of Transparent Instruments of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations
45. The Transition to a New Economy After the Second Industrial Revolution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations
    See also Journal Article in Proceedings (2002)

2000

46. Financial crises as herds
    Working Papers, Federal Reserve Bank of Minneapolis View citations
47. International Business Cycles with Endogenous Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2000) View citations
    See also Journal Article in Econometrica (2002)
48. Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2000) View citations
49. Money, interest rates, and exchange rates with endogenously segmented markets
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Political Economy (2002)
50. Paths of development for early- and late-bloomers in a dynamic Heckscher-Ohlin model
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1999

51. Money and Interest Rates with Endogeneously Segmented Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1999) View citations
52. Optimal Fiscal and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations
    See also Chapter (1999)

1998

53. On the need for fiscal constraints in a monetary union
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Monetary Economics (2007)
54. Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations
    See also Journal Article in Econometrica (2000)

1997

55. Industry Evolution and Transition: A Neoclassical Benchmark
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
56. Models of energy use: putty-putty vs. putty-clay
    Staff Report, Federal Reserve Bank of Minneapolis View citations
57. Models of sovereign debt: partial vs. general reputations
    Working Papers, Federal Reserve Bank of Minneapolis View citations
58. Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
59. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations

1996

60. Optimal fiscal policy in a business cycle model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis
61. Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
62. Reputation spillover across relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1995

63. Industry evolution and transition: measuring investment in organization
    Staff Report, Federal Reserve Bank of Minneapolis View citations
64. Optimal social insurance, incentives, and transition
    Working Papers, Federal Reserve Bank of Minneapolis View citations
65. Putty-clay capital and energy
    Working Papers, Federal Reserve Bank of Minneapolis View citations
66. Social insurance and transition
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1995)
    NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations
    See also Journal Article in International Economic Review (1996)

1994

67. Models of Energy Use: Putty-Putty versus Putty-Clay
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1999)
68. The role of institutions in reputation models of sovereign debt
    Staff Report, Federal Reserve Bank of Minneapolis
    See also Journal Article in Journal of Monetary Economics (1995)

1993

69. Industry evolution and transition: the role of information capital
    Staff Report, Federal Reserve Bank of Minneapolis View citations
70. 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
71. Optimal Fiscal Policy in a Business Cycle Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations
    See also Journal Article in Journal of Political Economy (1994)
72. Optimality of the Friedman Rule in Economies with Distorting Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations
    See also Journal Article in Journal of Monetary Economics (1996)

1992

73. 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
74. 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)
75. 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)
76. 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)
77. 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

1991

78. 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)
79. Optimal fiscal and monetary policy: some recent results
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Money, Credit and Banking (1991)
80. Optimal fiscal policy in a stochastic growth model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations
81. Reputation with multiple relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1990

82. SUSTAINABLE PLANS AND MUTUAL DEFAULT
    IMF Working Papers, International Monetary Fund
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989)
    See also Journal Article in Review of Economic Studies (1993)

1989

83. International coordination of fiscal policy in limiting economies
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Political Economy (1990)
84. Sustainable plans
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Political Economy (1990)
85. Sustainable plans and debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Economic Theory (1993)

1988

86. 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)
87. Time consistency and policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations

1987

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

1986

89. Coordination of fiscal policies in a world economy
    Staff Report, Federal Reserve Bank of Minneapolis
    See also Journal Article in Journal of Monetary Economics (1987)
90. International policy cooperation may be undesirable
    Staff Report, Federal Reserve Bank of Minneapolis View citations

Undated

91. Backus_Kehoe_Kydland
    Instructional Stata datasets for econometrics, Boston College Department of Economics
    See also Software Item (1992)
    Software Item (1992)

Journal Articles

2009

1. New Keynesian Models: Not Yet Useful for Policy Analysis
   American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 View citations
   See also Working Paper (2008)
2. Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium
   Review of Economic Studies, 2009, 76, (3), 851-878 View citations
   See also Working Paper (2008)

2008

3. Are structural VARs with long-run restrictions useful in developing business cycle theory?
   Journal of Monetary Economics, 2008, 55, (8), 1337-1352 View citations
   See also Working Paper (2008)
4. If exchange rates are random walks, then almost everything we say about monetary policy is wrong
   Quarterly Review, 2008, (Jul), 2-9
   Also in American Economic Review, 2007, 97, (2), 339-345 (2007)
   See also Working Paper (2007)
5. Time Inconsistency and Free-Riding in a Monetary Union
   Journal of Money, Credit and Banking, 2008, 40, (7), 1329-1356 View citations
   See also Working Paper (2008)

2007

6. Business Cycle Accounting
   Econometrica, 2007, 75, (3), 781-836 View citations
   See also Working Paper (2006)
7. Modeling the Transition to a New Economy: Lessons from Two Technological Revolutions
   American Economic Review, 2007, 97, (1), 64-88 View citations
   See also Working Paper (2006)
8. Modern macroeconomics in practice: how theory is shaping monetary policy
   Annual Report, 2007, (May), 6-28
9. On the need for fiscal constraints in a monetary union
   Journal of Monetary Economics, 2007, 54, (8), 2399-2408 View citations
   See also Working Paper (1998)

2006

10. Modern Macroeconomics in Practice: How Theory Is Shaping Policy
    Journal of Economic Perspectives, 2006, 20, (4), 3-28 View citations
    See also Working Paper (2006)

2005

11. Comment on: "Determinants of business cycle comovement: a robust analysis"
    Journal of Monetary Economics, 2005, 52, (1), 159-162 View citations
12. Modeling and Measuring Organization Capital
    Journal of Political Economy, 2005, 113, (5), 1026-1053 View citations
    See also Working Paper (2005)
13. Sudden Stops and Output Drops
    American Economic Review, 2005, 95, (2), 381-387 View citations
    See also Working Paper (2005)
14. The Optimal Degree of Discretion in Monetary Policy
    Econometrica, 2005, 73, (5), 1431-1475 View citations
    See also Working Paper (2004)

2004

15. Competitive equilibria with limited enforcement
    Journal of Economic Theory, 2004, 119, (1), 184-206 View citations
    See also Working Paper (2003)
16. Deflation and Depression: Is There an Empirical Link?
    American Economic Review, 2004, 94, (2), 99-103 View citations
    See also Working Paper (2004)
17. EconomicDynamics Forum: Patrick Kehoe on Whether Price Rigidities Matter for Business Cycle Analysis
    EconomicDynamics Newsletter, 2004, 5, (2)
18. Financial crises as herds: overturning the critiques
    Journal of Economic Theory, 2004, 119, (1), 128-150 View citations
    See also Working Paper (2003)
19. The Time Consistency of Optimal Monetary and Fiscal Policies
    Econometrica, 2004, 72, (2), 541-567 View citations
    See also Working Paper (2003)

2003

20. Accounting for the Great Depression
    Quarterly Review, 2003, (Spr), 2-8 View citations
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) View citations
21. Hot Money
    Journal of Political Economy, 2003, 111, (6), 1262-1292 View citations
    See also Working Paper (2003)
22. The optimal degree of monetary policy discretion
    Proceedings, 2003 View citations

2002

23. A Decade Lost and Found: Mexico and Chile in the 1980s
    Review of Economic Dynamics, 2002, 5, (1), 166-205 View citations
    See also Working Paper (2001)
    Working Paper (2002)
24. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    Review of Economic Studies, 2002, 69, (3), 533-63 View citations
    See also Working Paper (2002)
25. Decades lost and found: Mexico and Chile since 1980
    Quarterly Review, 2002, (Win), 3-30 View citations
26. International Business Cycles with Endogenous Incomplete Markets
    Econometrica, 2002, 70, (3), 907-928 View citations
    See also Working Paper (2000)
27. Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets
    Journal of Political Economy, 2002, 110, (1), 73-112 View citations
    See also Working Paper (2000)
28. Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's
    American Economic Review, 2002, 92, (2), 16-21
    See also Working Paper (2002)
29. The transition to a new economy after the Second Industrial Revolution
    Proceedings, 2002, (Nov)
    See also Working Paper (2001)

2000

30. Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
    Econometrica, 2000, 68, (5), 1151-1180 View citations
    See also Working Paper (1998)

1999

31. Asking the right questions about the IMF
    Annual Report, 1999, 3-26 View citations
32. Models of Energy Use: Putty-Putty versus Putty-Clay
    American Economic Review, 1999, 89, (4), 1028-1043 View citations
    See also Working Paper (1994)
33. Taxing capital income: a bad idea
    Quarterly Review, 1999, (Sum), 3-17 View citations

1998

34. Comment on M. Obstfeld, "Open-Economy Macroeconomics: Developments in Theory and Policy."
    Scandinavian Journal of Economics, 1998, 100, (1), 277-83
35. Models of Sovereign Debt: Partial versus General Reputations
    International Economic Review, 1998, 39, (1), 55-70 View citations

1997

36. Reviving reputation models of international debt
    Quarterly Review, 1997, (Win), 21-30 View citations

1996

37. Franchising, Agency Problems, and the Cost of Capital
    Applied Economics, 1996, 28, (11), 1485-93 View citations
38. Optimality of the Friedman rule in economies with distorting taxes
    Journal of Monetary Economics, 1996, 37, (2-3), 203-223 View citations
    See also Working Paper (1993)
39. Social Insurance and Transition
    International Economic Review, 1996, 37, (2), 377-401 View citations
    See also Working Paper (1995)

1995

40. The role of institutions in reputation models of sovereign debt
    Journal of Monetary Economics, 1995, 35, (1), 45-64 View citations
    See also Working Paper (1994)

1994

41. A primer on static applied general equilibrium models
    Quarterly Review, 1994, (Spr), 2-16 View citations
42. Capturing NAFTA's impact with applied general equilibrium models
    Quarterly Review, 1994, (Spr), 17-34 View citations
43. 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)
44. Optimal Fiscal Policy in a Business Cycle Model
    Journal of Political Economy, 1994, 102, (4), 617-52 View citations
    See also Working Paper (1993)

1993

45. International business cycles: theory vs. evidence
    Quarterly Review, 1993, (Fall), 14-29 View citations
46. Sustainable Plans and Debt
    Journal of Economic Theory, 1993, 61, (2), 230-261 View citations
    See also Working Paper (1989)
47. Sustainable Plans and Mutual Default
    Review of Economic Studies, 1993, 60, (1), 175-95 View citations
    See also Working Paper (1990)

1992

48. 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)
49. International Evidence of the Historical Properties of Business Cycles
    American Economic Review, 1992, 82, (4), 864-88 View citations
    See also Working Paper (1992)
50. International Real Business Cycles
    Journal of Political Economy, 1992, 100, (4), 745-75 View citations
    See also Working Paper (1991)

1991

51. Optimal Fiscal and Monetary Policy: Some Recent Results
    Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 View citations
    Also in Proceedings, 1991, 519-546 (1991) View citations
    See also Working Paper (1991)

1990

52. International Coordination of Fiscal Policy in Limiting Economies
    Journal of Political Economy, 1990, 98, (3), 617-36 View citations
    See also Working Paper (1989)
53. Sustainable Plans
    Journal of Political Economy, 1990, 98, (4), 783-802 View citations
    See also Working Paper (1989)

1989

54. 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)
55. Policy Cooperation among Benevolent Governments May Be Undesirable
    Review of Economic Studies, 1989, 56, (2), 289-96 View citations

1988

56. On the Roles of International Financial Markets and Their Relevance for Economic Policy: Comment
    Journal of Money, Credit and Banking, 1988, 20, (3), 550-54

1987

57. Coordination of fiscal policies in a world economy
    Journal of Monetary Economics, 1987, 19, (3), 349-376 View citations
    See also Working Paper (1986)

Chapters

2008

1. On the Need for a New Approach to Analyzing Monetary Policy
   A chapter in NBER Macroeconomics Annual 2008, 2008 View citations
   See also Working Paper (2008)

1999

2. Optimal fiscal and monetary policy
   Chapter 26 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1671-1745 View citations
   See also Working Paper (1999)

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)