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 2012-10-27. Update your information in the RePEc Author Service.

Short-id: pke4

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Working Papers

2012

1. Financial frictions and fluctuations in volatility
   Staff Report, Federal Reserve Bank of Minneapolis

2011

2. Financial Markets and Fluctuations in Uncertainty
   2011 Meeting Papers, Society for Economic Dynamics View citations (1)

2010

3. Bailouts, Time Inconsistency, and Optimal Regulation
   2010 Meeting Papers, Society for Economic Dynamics
4. Financial Crises and Fluctuations in Uncertainty
   2010 Meeting Papers, Society for Economic Dynamics
5. Prices are Sticky After All
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
6. Time Inconsistency and Free-Riding in a Monetary Union
   Levine's Working Paper Archive, David K. Levine View citations (2)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (9)
   NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (3)
   See also Journal Article in Journal of Money, Credit and Banking (2008)

2009

7. Confronting Models of Financial Frictions with the Data
   2009 Meeting Papers, Society for Economic Dynamics
8. Sophisticated Monetary Policies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (3)
   Working Papers, Federal Reserve Bank of Minneapolis (2008)
   See also Journal Article in The Quarterly Journal of Economics (2010)
9. The Puzzling Behavior of Sectoral Real Exchange Rates
   2009 Meeting Papers, Society for Economic Dynamics

2008

10. Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (21)
    See also Journal Article in Journal of Monetary Economics (2008)
11. Facts and myths about the financial crisis of 2008
    Working Papers, Federal Reserve Bank of Minneapolis View citations (14)
12. New Keynesian Models: Not Yet Useful for Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (11)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations (12)
    See also Journal Article in American Economic Journal: Macroeconomics (2009)
13. On the Need for a New Approach to Analyzing Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations (12)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (12)
    See also Chapter (2009)
14. Temporary Price Changes and the Real Effects of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations (13)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations (13)
15. Time-varying risk, interest rates, and exchange rates in general equilibrium
    Staff Report, Federal Reserve Bank of Minneapolis View citations (14)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2005) View citations (4)
    Working Papers, Laboratory for Macroeconomic Analysis (2007)

2007

16. Comparing alternative representations and alternative methodologies in business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (19)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006)
17. If exchange rates are random walks then almost everything we say about monetary policy is wrong
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (2)
    See also Journal Article in Quarterly Review (2008)
18. On the Optimal Choice of a Monetary Policy Instrument
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (3)
19. Reply to Solow
    Working Papers, Federal Reserve Bank of Minneapolis
20. Sales and the real effects of monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis View citations (22)
21. Sticky prices and sectoral real exchange rates
    Working Papers, Federal Reserve Bank of Minneapolis View citations (10)
22. The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (1)
23. The Optimal Choice of a Monetary Policy Instrument
    Working Papers, Laboratory for Macroeconomic Analysis

2006

24. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
25. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations (33)
    Levine's Bibliography, UCLA Department of Economics (2003) View citations (5)
    Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations (40)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (75)
    See also Journal Article in Econometrica (2007)
26. How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations (2)
27. Modeling the transition to a new economy: lessons from two technological revolutions
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
    See also Journal Article in American Economic Review (2007)
28. Modern Macroeconomics in Practice: How Theory is Shaping Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations (16)
    See also Journal Article in Journal of Economic Perspectives (2006)
29. The advantage of transparency in monetary policy instruments
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)

2005

30. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations (59)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations (30)
31. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics View citations (23)
32. Modeling and measuring organization capital
    Staff Report, Federal Reserve Bank of Minneapolis View citations (38)
    See also Journal Article in Journal of Political Economy (2005)
33. Sudden Stops and Output Drops
    Levine's Bibliography, UCLA Department of Economics View citations (39)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (40)
    Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (44)
    See also Journal Article in American Economic Review (2005)

2004

34. Deflation and Depression: Is There and Empirical Link?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations (9)
    See also Journal Article in American Economic Review (2004)
35. On the Desirability of Fiscal Constraints in a Monetary Union
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (6)
36. 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 View citations (1)
37. The optimal degree of discretion in monetary policy
    Working Paper Series, European Central Bank View citations (1)
    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 (2)
    Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (2)
    See also Journal Article in Econometrica (2005)

2003

38. 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 (7)
    Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations (7)
    See also Journal Article in Journal of Economic Theory (2004)
39. Financial Crises as Herds: Overturning the Critiques
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (7)
    See also Journal Article in Journal of Economic Theory (2004)
40. Hot Money
    Levine's Bibliography, UCLA Department of Economics View citations (12)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (4)
    See also Journal Article in Journal of Political Economy (2003)
41. The Time Consistency of Optimal Monetary and Fiscal Policies
    Department of Economics Working Papers, Universidad Torcuato Di Tella View citations (1)
    See also Journal Article in Econometrica (2004)
42. The time consistency of monetary and fiscal policies
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations (1)

2002

43. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (36)
44. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (366)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (51)
    Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations (105)
    See also Journal Article in Review of Economic Studies (2002)
45. Data Appendix to A Decade Lost and Found: Mexico and Chile in the 1980s
    Technical Appendices, Review of Economic Dynamics View citations (7)
    See also Journal Article in Review of Economic Dynamics (2002)
46. Measuring Organization Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
47. On the robustness of herds
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
48. Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (3)
    Also in Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile. (2002) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (4)
    See also Journal Article in American Economic Review (2002)

2001

49. A Decade Lost and Found: Mexico and Chile in the 1980s
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (26)
    Working Papers Central Bank of Chile, Central Bank of Chile (2001) View citations (18)
    Staff Report, Federal Reserve Bank of Minneapolis (2001)
    See also Journal Article in Review of Economic Dynamics (2002)
50. On the optimality of transparent monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
51. The Advantage of Transparent Instruments of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations (9)
52. The Transition to a New Economy After the Second Industrial Revolution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations (24)
    See also Journal Article in Proceedings (2002)

2000

53. Financial crises as herds
    Working Papers, Federal Reserve Bank of Minneapolis View citations (17)
54. International Business Cycles with Endogenous Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2000) View citations (27)
    See also Journal Article in Econometrica (2002)
55. Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2000) View citations (5)
56. Money, interest rates, and exchange rates with endogenously segmented markets
    Staff Report, Federal Reserve Bank of Minneapolis View citations (11)
    See also Journal Article in Journal of Political Economy (2002)
57. Paths of development for early- and late-bloomers in a dynamic Heckscher-Ohlin model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (23)

1999

58. Money and Interest Rates with Endogeneously Segmented Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1999) View citations (2)
59. Optimal Fiscal and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (211)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations (16)
    See also Chapter (1999)

1998

60. On the need for fiscal constraints in a monetary union
    Working Papers, Federal Reserve Bank of Minneapolis View citations (25)
    See also Journal Article in Journal of Monetary Economics (2007)
61. Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (56)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (63)
    See also Journal Article in Econometrica (2000)
62. Sustainable Plans
    Levine's Working Paper Archive, David K. Levine View citations (36)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) View citations (3)
    See also Journal Article in Journal of Political Economy (1990)

1997

63. Industry Evolution and Transition: A Neoclassical Benchmark
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
64. Models of energy use: putty-putty vs. putty-clay
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
65. Models of sovereign debt: partial vs. general reputations
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
66. 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 (58)
67. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis View citations (47)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (60)

1996

68. Optimal fiscal policy in a business cycle model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis
69. 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 (5)
70. Reputation spillover across relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (14)

1995

71. Industry evolution and transition: measuring investment in organization
    Staff Report, Federal Reserve Bank of Minneapolis View citations (10)
72. Optimal social insurance, incentives, and transition
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
73. Putty-clay capital and energy
    Working Papers, Federal Reserve Bank of Minneapolis View citations (7)
74. Social insurance and transition
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1995)
    NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (1)
    See also Journal Article in International Economic Review (1996)

1994

75. Models of Energy Use: Putty-Putty versus Putty-Clay
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article in American Economic Review (1999)
76. 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

77. Industry evolution and transition: the role of information capital
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
78. International Business Cycles: Theory and Evidence
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (128)
79. Optimal Fiscal Policy in a Business Cycle Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations (8)
    See also Journal Article in Journal of Political Economy (1994)
80. Optimality of the Friedman Rule in Economies with Distorting Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations (10)
    See also Journal Article in Journal of Monetary Economics (1996)

1992

81. 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
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (3)
82. Dynamics of the Trade Balance and the Terms of Trade: The S-Curve
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Working Paper, Federal Reserve Bank of Cleveland (1992) View citations (5)
    See also Journal Article in American Economic Review (1994)
    Software Item (1992)
    Software Item (1992)
83. In search of scale effects in trade and growth
    Staff Report, Federal Reserve Bank of Minneapolis View citations (92)
    See also Journal Article in Journal of Economic Theory (1992)
84. International Evidence on the Historical Properties of Business Cycles
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) View citations (4)
    See also Journal Article in American Economic Review (1992)
85. 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
    Also in Working Paper, Federal Reserve Bank of Cleveland (1992) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) View citations (10)

1991

86. International real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis View citations (50)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1987)
    See also Journal Article in Journal of Political Economy (1992)
87. Optimal fiscal and monetary policy: some recent results
    Staff Report, Federal Reserve Bank of Minneapolis View citations (131)
    See also Journal Article in Journal of Money, Credit and Banking (1991)
88. Optimal fiscal policy in a stochastic growth model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
89. Reputation with multiple relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)

1990

90. SUSTAINABLE PLANS AND MUTUAL DEFAULT
    IMF Working Papers, International Monetary Fund View citations (63)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) View citations (1)
    See also Journal Article in Review of Economic Studies (1993)

1989

91. International coordination of fiscal policy in limiting economies
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
    See also Journal Article in Journal of Political Economy (1990)
92. Sustainable plans and debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
    See also Journal Article in Journal of Economic Theory (1993)

1988

93. On the denomination of government debt: a critique of the portfolio balance approach
    Staff Report, Federal Reserve Bank of Minneapolis View citations (4)
    See also Journal Article in Journal of Monetary Economics (1989)
94. Time consistency and policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations (31)

1987

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

1986

96. 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)
97. International policy cooperation may be undesirable
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)

Undated

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

Journal Articles

2010

1. Sophisticated Monetary Policies
   The Quarterly Journal of Economics, 2010, 125, (1), 47-89
   See also Working Paper (2009)

2009

2. New Keynesian Models: Not Yet Useful for Policy Analysis
   American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 View citations (48)
   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 (25)
   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) View citations (2)
   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 (8)
   See also Working Paper (2010)

2007

6. Business Cycle Accounting
   Econometrica, 2007, 75, (3), 781-836 View citations (116)
   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 (9)
   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 (17)
   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 (16)
    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 (14)
12. Modeling and Measuring Organization Capital
    Journal of Political Economy, 2005, 113, (5), 1026-1053 View citations (42)
    See also Working Paper (2005)
13. Sudden Stops and Output Drops
    American Economic Review, 2005, 95, (2), 381-387 View citations (39)
    See also Working Paper (2005)
14. The Optimal Degree of Discretion in Monetary Policy
    Econometrica, 2005, 73, (5), 1431-1475 View citations (16)
    See also Working Paper (2004)

2004

15. Competitive equilibria with limited enforcement
    Journal of Economic Theory, 2004, 119, (1), 184-206 View citations (19)
    See also Working Paper (2003)
16. Deflation and Depression: Is There an Empirical Link?
    American Economic Review, 2004, 94, (2), 99-103 View citations (8)
    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 (23)
    See also Working Paper (2003)
19. The Time Consistency of Optimal Monetary and Fiscal Policies
    Econometrica, 2004, 72, (2), 541-567 View citations (23)
    See also Working Paper (2003)

2003

20. Accounting for the Great Depression
    Quarterly Review, 2003, (Spr), 2-8 View citations (7)
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) View citations (41)
21. Hot Money
    Journal of Political Economy, 2003, 111, (6), 1262-1292 View citations (12)
    See also Working Paper (2003)
22. The optimal degree of monetary policy discretion
    Proceedings, 2003 View citations (1)

2002

23. A Decade Lost and Found: Mexico and Chile in the 1980s
    Review of Economic Dynamics, 2002, 5, (1), 166-205 View citations (23)
    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 (311)
    See also Working Paper (2002)
25. Decades lost and found: Mexico and Chile since 1980
    Quarterly Review, 2002, (Win), 3-30 View citations (19)
26. International Business Cycles with Endogenous Incomplete Markets
    Econometrica, 2002, 70, (3), 907-928 View citations (163)
    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 (55)
    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 View citations (3)
    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 (312)
    See also Working Paper (1998)

1999

31. Asking the right questions about the IMF
    Annual Report, 1999, 3-26 View citations (9)
32. Models of Energy Use: Putty-Putty versus Putty-Clay
    American Economic Review, 1999, 89, (4), 1028-1043 View citations (36)
    See also Working Paper (1994)
33. Taxing capital income: a bad idea
    Quarterly Review, 1999, (Sum), 3-17 View citations (48)

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 (41)

1997

36. Reviving reputation models of international debt
    Quarterly Review, 1997, (Win), 21-30 View citations (22)

1996

37. Optimality of the Friedman rule in economies with distorting taxes
    Journal of Monetary Economics, 1996, 37, (2-3), 203-223 View citations (83)
    See also Working Paper (1993)
38. Social Insurance and Transition
    International Economic Review, 1996, 37, (2), 377-401 View citations (21)
    See also Working Paper (1995)

1995

39. The role of institutions in reputation models of sovereign debt
    Journal of Monetary Economics, 1995, 35, (1), 45-64 View citations (24)
    See also Working Paper (1994)

1994

40. A primer on static applied general equilibrium models
    Quarterly Review, 1994, (Spr), 2-16 View citations (39)
41. Capturing NAFTA's impact with applied general equilibrium models
    Quarterly Review, 1994, (Spr), 17-34 View citations (26)
42. Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?
    American Economic Review, 1994, 84, (1), 84-103 View citations (176)
    See also Working Paper (1992)
    Software Item (1992)
    Software Item (1992)
43. Optimal Fiscal Policy in a Business Cycle Model
    Journal of Political Economy, 1994, 102, (4), 617-52 View citations (203)
    See also Working Paper (1993)

1993

44. International business cycles: theory vs. evidence
    Quarterly Review, 1993, (Fall), 14-29 View citations (18)
45. Sustainable Plans and Debt
    Journal of Economic Theory, 1993, 61, (2), 230-261 View citations (24)
    See also Working Paper (1989)
46. Sustainable Plans and Mutual Default
    Review of Economic Studies, 1993, 60, (1), 175-95 View citations (37)
    See also Working Paper (1990)

1992

47. In search of scale effects in trade and growth
    Journal of Economic Theory, 1992, 58, (2), 377-409 View citations (66)
    See also Working Paper (1992)
48. International Evidence of the Historical Properties of Business Cycles
    American Economic Review, 1992, 82, (4), 864-88 View citations (128)
    See also Working Paper (1992)
49. International Real Business Cycles
    Journal of Political Economy, 1992, 100, (4), 745-75 View citations (616)
    See also Working Paper (1991)

1991

50. Optimal Fiscal and Monetary Policy: Some Recent Results
    Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 View citations (131)
    Also in Proceedings, 1991, 519-546 (1991) View citations (131)
    See also Working Paper (1991)

1990

51. International Coordination of Fiscal Policy in Limiting Economies
    Journal of Political Economy, 1990, 98, (3), 617-36 View citations (34)
    See also Working Paper (1989)
52. Sustainable Plans
    Journal of Political Economy, 1990, 98, (4), 783-802 View citations (182)
    See also Working Paper (1998)

1989

53. On the denomination of government debt: A critique of the portfolio balance approach
    Journal of Monetary Economics, 1989, 23, (3), 359-376 View citations (5)
    See also Working Paper (1988)
54. Policy Cooperation among Benevolent Governments May Be Undesirable
    Review of Economic Studies, 1989, 56, (2), 289-96 View citations (103)

1988

55. 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 View citations (1)

1987

56. Coordination of fiscal policies in a world economy
    Journal of Monetary Economics, 1987, 19, (3), 349-376 View citations (36)
    See also Working Paper (1986)

Chapters

2009

1. On the Need for a New Approach to Analyzing Monetary Policy
   A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 389-425 View citations (7)
   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 (191)
   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)