Details about Narayana Kocherlakota

E-mail:
Homepage:	http://www.econ.umn.edu/~nkocher
Postal address:	Department of Economics, University of Minnesota, 1035 Heller Hall, 271 19th Avenue South, Minneapolis, MN 55455
Workplace:	Department of Economics, University of Minnesota, (more information at EDIRC) Research Department, Federal Reserve Bank of Minneapolis, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Narayana Kocherlakota.

Last updated 2008-10-18. Update your information in the RePEc Author Service.

Short-id: pko25

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Working Papers

2008

1. Household Heterogeneity and Asset Trade: Resolving the Equity Premium Puzzle in Three Countries
   Levine's Bibliography, UCLA Department of Economics View citations
2. Internal Debt Crises and Sovereign Defaults
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in
   Levine's Bibliography, UCLA Department of Economics (2008)

2007

3. Asset Pricing Implications of Pareto Optimality with Private Information
   Levine's Bibliography, UCLA Department of Economics View citations
   Also in
   Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre (2005) View citations
   Levine's Bibliography, UCLA Department of Economics (2004) View citations
   Levine's Bibliography, UCLA Department of Economics (2005) View citations
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations
4. Household Heterogeneity and Real Exchange Rates
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in
   Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations
   Levine's Bibliography, UCLA Department of Economics (2006) View citations
   See Also Journal Article in Economic Journal (2007)
5. Money and Bonds: An Equivalence Theorem
   Levine's Bibliography, UCLA Department of Economics
   Also in
   Staff Report, Federal Reserve Bank of Minneapolis (2007)
6. Nonseparable Preferences and Optimal Social Security Systems
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in
   Levine's Bibliography, UCLA Department of Economics (2007) View citations
   Working Papers, University of Minnesota, Department of Economics (2007) View citations
7. On the Robustness of Laissez-Faire
   Levine's Bibliography, UCLA Department of Economics

2006

8. Dynamic Optimal Taxation: A Robust Analysis
   2006 Meeting Papers, Society for Economic Dynamics
9. Injecting Rational Bubbles
   Levine's Bibliography, UCLA Department of Economics
   See Also Journal Article in Journal of Economic Theory (2008)

2005

10. Advances in Dynamic Optimal Taxation
    Levine's Bibliography, UCLA Department of Economics View citations
11. Forbearance and Prompt Corrective Action
    2005 Meeting Papers, Society for Economic Dynamics View citations
    Also in
    BIS Working Papers, Bank for International Settlements (2005)
    Levine's Bibliography, UCLA Department of Economics (2005) View citations
    Levine's Bibliography, UCLA Department of Economics (2005) View citations
    See Also Journal Article in Journal of Money, Credit and Banking (2007)
12. Monetary and Fiscal Policy: An Overview
    Levine's Bibliography, UCLA Department of Economics

2004

13. Zero Expected Wealth Taxes: A Mirrlees Approach to Dynamic Optimal Taxation
    Levine's Bibliography, UCLA Department of Economics View citations
    Also in
    Levine's Bibliography, UCLA Department of Economics (2003) View citations
    See Also Journal Article in Econometrica (2005)

2003

14. On the Irrelevance of Government Debt When Taxes are Distortionary
    Levine's Bibliography, UCLA Department of Economics View citations
    See Also Journal Article in Journal of Monetary Economics (2004)
15. Simplifying Optimal Unemployment Insurance: The Impact of Hidden Savings
    Levine's Bibliography, UCLA Department of Economics View citations
16. Societal Benefits of Illiquid Bonds
    Levine's Bibliography, UCLA Department of Economics View citations
    See Also Journal Article in Journal of Economic Theory (2003)

2002

17. Optimal Indirect and Capital Taxation
    NajEcon Working Paper Reviews, www.najecon.org
    Also in
    Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (2001) View citations
    See Also Journal Article in Review of Economic Studies (2003)

2001

18. Building blocks for barriers to riches
    Staff Report, Federal Reserve Bank of Minneapolis View citations
19. Finite memory and imperfect monitoring
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in
    Working Papers, Federal Reserve Bank of Minneapolis (2000) View citations
    See Also Journal Article in Games and Economic Behavior (2005)

2000

20. Risky collateral and deposit insurance
    Staff Report, Federal Reserve Bank of Minneapolis
    See Also Journal Article in Advances in Macroeconomics (2001)
21. Societal benefits of nominal bonds
    Staff Report, Federal Reserve Bank of Minneapolis

1999

22. Efficient allocations with hidden income and hidden storage
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See Also Journal Article in Review of Economic Studies (2001)

1998

23. Dynamic games with hidden actions and hidden states
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in
    Working Papers, Federal Reserve Bank of Minneapolis (1997)
    See Also Journal Article in Journal of Economic Theory (2001)
24. Why Do Different Countries Use Different Currencies?
    IMF Working Papers, International Monetary Fund

1997

25. A microfoundation for incomplete security markets
    Working Papers, Federal Reserve Bank of Minneapolis View citations
26. Optimal allocations with incomplete record-keeping and no commitment
    Working Papers, Federal Reserve Bank of Minneapolis View citations

1996

27. Is there endogenous long-run growth?: Evidence from the U.S. and the U.K
    Staff Reports, Federal Reserve Bank of New York
28. Money is memory
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See Also Journal Article in Journal of Economic Theory (1998)

1995

29. Measuring the cyclical behavior of home production: a macroeconomic analysis
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis
30. The Equity Premium: It's Still a Puzzle
    Working Papers, University of Iowa, Department of Economics
    Also in
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1995)
    See Also Journal Article in Journal of Economic Literature (1996)
31. Using Macroeconomic Data to Measure Nonmarket Activity
    Working Papers, University of Iowa, Department of Economics

1993

32. Efficient Bilateral Risk Sharing Without Commitment
    Macroeconomics, EconWPA View citations
33. Testing the Consumption CAPM with Heavy-Tailed Pricing Errors
    Working Papers, University of Iowa, Department of Economics

1992

34. Explaining Business Cycles: A Multiple Shock Approach
    Working Papers, University of Iowa, Department of Economics
    See Also Journal Article in Journal of Monetary Economics (1994)

1991

35. Asset Pricing in a Dynamic Economy with Moral Hazard: Theory and Tests
    Working Papers, University of Iowa, Department of Economics

1990

36. Bubbles and Constraints on Debt Accumulation
    Working Papers, University of Iowa, Department of Economics View citations

1989

37. The Variability of Velocity in Cash-In-Advance Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Journal of Political Economy (1991)

Journal Articles

2008

1. Inequality and Real Exchange Rates
   Journal of the European Economic Association, 2008, 6, (2-3), 597-608
2. Injecting rational bubbles
   Journal of Economic Theory, 2008, 142, (1), 218-232
   See Also Working Paper (2006)
3. Introduction to monetary and macro economics
   Journal of Economic Theory, 2008, 142, (1), 1-4

2007

4. Forbearance and Prompt Corrective Action
   Journal of Money, Credit and Banking, 2007, 39, (5), 1107-1129 View citations
   See Also Working Paper (2005)
5. Household Heterogeneity and Real Exchange Rates
   Economic Journal, 2007, 117, (519), C1-C25 View citations
   See Also Working Paper (2007)
6. Model fit and model selection
   Review, 2007, (Jul), 349-360 View citations

2005

7. Discussion of "From Private Banking to Central Banking: Ingredients of a Welfare Analysis"
   International Economic Review, 2005, 46, (2), 633-636
8. Finite memory and imperfect monitoring
   Games and Economic Behavior, 2005, 53, (1), 59-72 View citations
   See Also Working Paper (2001)
9. OPTIMAL MONETARY POLICY: WHAT WE KNOW AND WHAT WE DON'T KNOW
   International Economic Review, 2005, 46, (2), 715-729 View citations
   Also in
   Quarterly Review, 2005, (Oct), 10-19 (2005)
10. Zero Expected Wealth Taxes: A Mirrlees Approach to Dynamic Optimal Taxation
    Econometrica, 2005, 73, (5), 1587-1621 View citations
    See Also Working Paper (2004)

2004

11. Figuring out the Impact of Hidden Savings on Optimal Unemployment Insurance
    Review of Economic Dynamics, 2004, 7, (3), 541-554 View citations
12. On the irrelevance of government debt when taxes are distortionary
    Journal of Monetary Economics, 2004, 51, (2), 299-304 View citations
    See Also Working Paper (2003)
13. Wedges and Taxes
    American Economic Review, 2004, 94, (2), 109-113 View citations

2003

14. EconomicDynamics Interviews Narayana Kocherlakota
    EconomicDynamics Newsletter, 2003, 4, (2)
15. Optimal Indirect and Capital Taxation
    Review of Economic Studies, 2003, 70, (3), 569-587 View citations
    See Also Working Paper (2002)
16. Societal benefits of illiquid bonds
    Journal of Economic Theory, 2003, 108, (2), 179-193 View citations
    See Also Working Paper (2003)

2002

17. Money: What's the Question and Why Should We Care About the Answer?
    American Economic Review, 2002, 92, (2), 58-61 View citations
18. The Two-Money Theorem
    International Economic Review, 2002, 43, (2), 333-346 View citations

2001

19. Dynamic Games with Hidden Actions and Hidden States
    Journal of Economic Theory, 2001, 98, (1), 114-126 View citations
    See Also Working Paper (1998)
20. Efficient Allocations with Hidden Income and Hidden Storage
    Review of Economic Studies, 2001, 68, (3), 523-42 View citations
    See Also Working Paper (1999)
21. Looking for evidence of time-inconsistent preferences in asset market data
    Quarterly Review, 2001, (Sum), 13-24 View citations
22. Risky Collateral and Deposit Insurance
    Advances in Macroeconomics, 2001, 1, (advances/1/1), 1002-1002 View citations
    See Also Working Paper (2000)

2000

23. Creating business cycles through credit constraints
    Quarterly Review, 2000, (Sum), 2-10 View citations

1999

24. A Signaling Model of Multiple Currencies
    Review of Economic Dynamics, 1999, 2, (1), 231-244 View citations
25. Comment on Financial Fragility with Rational and Irrational Exuberance
    Journal of Money, Credit and Banking, 1999, 31, (3), 561-63
26. Explaining the fiscal theory of the price level
    Quarterly Review, 1999, (Fall), 14-23 View citations

1998

27. Incomplete Record-Keeping and Optimal Payment Arrangements
    Journal of Economic Theory, 1998, 81, (2), 272-289 View citations
28. Money Is Memory
    Journal of Economic Theory, 1998, 81, (2), 232-251 View citations
    See Also Working Paper (1996)
29. The effects of moral hazard on asset prices when financial markets are complete
    Journal of Monetary Economics, 1998, 41, (1), 39-56 View citations
30. Zero nominal interest rates: why they're good and how to get them
    Quarterly Review, 1998, (Spr), 2-10 View citations

1997

31. Is There Endogenous Long-Run Growth? Evidence from the United States and the United Kingdom
    Journal of Money, Credit and Banking, 1997, 29, (2), 235-62 View citations
32. Using theory for measurement: An analysis of the cyclical behavior of home production
    Journal of Monetary Economics, 1997, 40, (3), 435-456 View citations

1996

33. A Simple Time Series Test of Endogenous vs. Exogenous Growth Models: An Application to the United States
    The Review of Economics and Statistics, 1996, 78, (1), 126-34 View citations
34. Consumption, commitment, and cycles
    Journal of Monetary Economics, 1996, 37, (3), 461-474 View citations
35. Implications of Efficient Risk Sharing without Commitment
    Review of Economic Studies, 1996, 63, (4), 595-609 View citations
36. Inflation and growth - commentary
    Proceedings, 1996, (May), 170-172 View citations
37. Reconsideration-Proofness: A Refinement for Infinite Horizon Time Inconsistency
    Games and Economic Behavior, 1996, 15, (1), 33-54 View citations
38. The Equity Premium: It's Still a Puzzle
    Journal of Economic Literature, 1996, 34, (1), 42-71 View citations
    See Also Working Paper (1995)
39. Why should older people invest less in stock than younger people?
    Quarterly Review, 1996, (Sum), 11-23 View citations

1995

40. Can convergence regressions distinguish between exogenous and endogenous growth models?
    Economics Letters, 1995, 49, (2), 211-215 View citations

1994

41. Explaining business cycles: A multiple-shock approach
    Journal of Monetary Economics, 1994, 34, (3), 415-428 View citations
    See Also Working Paper (1992)

1991

42. The Variability of Velocity in Cash-in-Advance Models
    Journal of Political Economy, 1991, 99, (2), 358-84 View citations
    See Also Working Paper (1989)

1990

43. Disentangling the Coefficient of Relative Risk Aversion from the Elasticity of Intertemporal Substitution: An Irrelevance Result
    Journal of Finance, 1990, 45, (1), 175-90 View citations
44. On tests of representative consumer asset pricing models
    Journal of Monetary Economics, 1990, 26, (2), 285-304 View citations
45. On the 'discount' factor in growth economies
    Journal of Monetary Economics, 1990, 25, (1), 43-47 View citations

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