Details about Kevin J. Lansing

Homepage:	http://www.frbsf.org/economic-research/economists/kevin-lansing/
Phone:	415-974-2393
Postal address:	Federal Reserve Bank of San Francisco Economic Research Department P.O. Box 7702 San Francisco CA 94120-7702
Workplace:	Economic Research, Federal Reserve Bank of San Francisco, (more information at EDIRC) Federal Reserve Bank of San Francisco, (more information at EDIRC)

Access statistics for papers by Kevin J. Lansing.

Last updated 2024-11-06. Update your information in the RePEc Author Service.

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Working Papers

2024

1. A Simple Measure of Anchoring for Short-Run Expected Inflation in FIRE Models
   Working Paper Series, Federal Reserve Bank of San Francisco

2022

2. Examining the Sources of Excess Return Predictability: Stochastic Volatility or Market Inefficiency?
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
   See also Journal Article Examining the sources of excess return predictability: Stochastic volatility or market inefficiency?, Journal of Economic Behavior & Organization, Elsevier (2022) View citations (3) (2022)

2021

3. Replicating Business Cycles and Asset Returns with Sentiment and Low Risk Aversion
   Working Paper Series, Federal Reserve Bank of San Francisco
   See also Journal Article Replicating business cycles and asset returns with sentiment and low risk aversion, Journal of Economic Dynamics and Control, Elsevier (2024) (2024)

2020

4. Replicating and Projecting the Path of COVID-19 with a Model-Implied Reproduction Number
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)

2019

5. Anchored Inflation Expectations and the Slope of the Phillips Curve
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)
6. Endogenous Forecast Switching Near the Zero Lower Bound
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
   See also Journal Article Endogenous forecast switching near the zero lower bound, Journal of Monetary Economics, Elsevier (2021) View citations (6) (2021)

2018

7. Real Business Cycles, Animal Spirits, and Stock Market Valuation
   Working Paper Series, Federal Reserve Bank of San Francisco
   See also Journal Article Real business cycles, animal spirits, and stock market valuation, International Journal of Economic Theory, The International Society for Economic Theory (2019) View citations (7) (2019)

2017

8. Leaning Against the Credit Cycle
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (10)
   Also in Working Paper, Norges Bank (2015) View citations (20)
   See also Journal Article Leaning Against the Credit Cycle, Journal of the European Economic Association, European Economic Association (2018) View citations (14) (2018)

2016

9. Credit-fuelled bubbles
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (10)

2015

10. Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach
    Working Paper, Norges Bank View citations (5)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2015) View citations (3)
    See also Journal Article Explaining the Boom–Bust Cycle in the U.S. Housing Market: A Reverse‐Engineering Approach, Journal of Money, Credit and Banking, Blackwell Publishing (2018) View citations (13) (2018)
11. Top Incomes, Rising Inequality, and Welfare
    CESifo Working Paper Series, CESifo
    Also in CESifo Working Paper Series, CESifo (2012) View citations (2)
    Working Paper Series, Federal Reserve Bank of San Francisco (2012) View citations (19)
    Working Paper, Norges Bank (2012) View citations (2)
    Tinbergen Institute Discussion Papers, Tinbergen Institute (2015)
    See also Journal Article Top Incomes, Rising Inequality and Welfare, Economic Journal, Royal Economic Society (2018) View citations (14) (2018)

2014

12. Explaining Exchange Rate Anomalies in a Model with Taylor-Rule Fundamentals and Consistent Expectations
    Working Paper Series, Federal Reserve Bank of San Francisco
    See also Journal Article Explaining exchange rate anomalies in a model with Taylor-rule fundamentals and consistent expectations, Journal of International Money and Finance, Elsevier (2017) View citations (9) (2017)

2013

13. House Prices, Expectations, and Time-Varying Fundamentals
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (33)
    Also in Working Paper, Norges Bank (2013) View citations (14)
    See also Journal Article House prices, expectations, and time-varying fundamentals, Journal of Empirical Finance, Elsevier (2014) View citations (54) (2014)

2012

14. House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy
    Dynare Working Papers, CEPREMAP View citations (27)
    Also in Working Paper, Norges Bank (2012) View citations (23)
    Working Paper Series, Federal Reserve Bank of San Francisco (2012) View citations (17)
    See also Journal Article House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy, International Journal of Central Banking, International Journal of Central Banking (2013) View citations (105) (2013)

2011

15. Asset pricing with concentrated ownership of capital
    Working Paper, Norges Bank View citations (10)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (4)

2010

16. Risk aversion and stock price volatility
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
17. Some new variance bounds for asset prices: a comment
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)

2008

18. Capital-Labor Substitution, Equilibrium Indeterminacy, and the Cyclical Behavior of Labor Income
    Working Papers, University of California at Riverside, Department of Economics
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations (1)
19. Speculative growth and overreaction to technology shocks
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)

2007

20. Rational and Near-Rational Bubbles Without Drift
    2007 Meeting Papers, Society for Economic Dynamics View citations (4)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2007) View citations (4)
    See also Journal Article Rational and Near-Rational Bubbles Without Drift, Economic Journal, Royal Economic Society (2010) View citations (45) (2010)

2006

21. Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (3)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (2)
    See also Journal Article Time Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (33) (2009)

2005

22. Lock-in of extrapolative expectations in an asset pricing model
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
    See also Journal Article LOCK-IN OF EXTRAPOLATIVE EXPECTATIONS IN AN ASSET PRICING MODEL, Macroeconomic Dynamics, Cambridge University Press (2006) View citations (24) (2006)
23. Maintenance expenditures and indeterminacy under increasing returns to scale
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)
    See also Journal Article Maintenance expenditures and indeterminacy under increasing returns to scale, International Journal of Economic Theory, The International Society for Economic Theory (2007) View citations (10) (2007)

2004

24. Tax reform with useful public expenditures
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (5)
    See also Journal Article Tax Reform with Useful Public Expenditures, Journal of Public Economic Theory, Association for Public Economic Theory (2006) View citations (21) (2006)

2003

25. Forward-looking behavior and optimal discretionary monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (10)
    See also Journal Article Forward-looking behavior and optimal discretionary monetary policy, Economics Letters, Elsevier (2003) View citations (19) (2003)
26. Growth Effects of Shifting from a Progressive Tax System to a Flat Tax
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)

2002

27. Learning about a shift in trend output: implications for monetary policy and inflation
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (7)
    See also Journal Article Learning about a shift in trend output: implications for monetary policy and inflation, Proceedings, Federal Reserve Bank of San Francisco (2000) View citations (31) (2000)

1999

28. Fiscal policy and productivity growth in the OECD
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (11)
    See also Journal Article Fiscal Policy and Productivity Growth in the OECD, Canadian Journal of Economics, Canadian Economics Association (1999) View citations (12) (1999)
29. Fiscal policy, increasing returns, and endogenous fluctuations
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (32)
    See also Journal Article FISCAL POLICY, INCREASING RETURNS, AND ENDOGENOUS FLUCTUATIONS, Macroeconomic Dynamics, Cambridge University Press (2002) View citations (44) (2002)

1998

30. Expectations, credibility, and disinflation in a small macroeconomic model
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1997) View citations (9)
    See also Journal Article Expectations, credibility, and disinflation in a small macroeconomic model, Journal of Economics and Business, Elsevier (2000) View citations (25) (2000)
31. Optimal redistributive capital taxation in a neoclassical growth model
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (7)
    See also Journal Article Optimal redistributive capital taxation in a neoclassical growth model, Journal of Public Economics, Elsevier (1999) View citations (97) (1999)
32. Optimal taxation of capital income with imperfectly competitive product markets
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)
    See also Journal Article Optimal taxation of capital income with imperfectly competitive product markets, Journal of Economic Dynamics and Control, Elsevier (1999) View citations (97) (1999)

1997

33. Indeterminacy and stabilization policy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    See also Journal Article Indeterminacy and Stabilization Policy, Journal of Economic Theory, Elsevier (1998) View citations (143) (1998)

1996

34. Growth effects of a flat tax
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)
35. Welfare, stabilization, or growth: a comparison of different fiscal objectives
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (6)

1995

36. Computable general-equilibrium models and monetary policy advice
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (9)
    See also Journal Article Computable General Equilibrium Models and Monetary Policy Advice, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (15) (1995)
37. Optimal fiscal policy when public capital is productive: a business cycle perspective
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1994) View citations (3)
38. Optimal fiscal policy, public capital, and the productivity slowdown
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
    See also Journal Article Optimal fiscal policy, public capital, and the productivity slowdown, Journal of Economic Dynamics and Control, Elsevier (1998) View citations (63) (1998)
39. Optimal taxation of capital income in a growth model with monopoly profits
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)

1994

40. Tax structure, welfare, and the stability of equilibrium in a model of dynamic optimal fiscal policy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)
41. The welfare effects of tax simplification: a general-equilibrium analysis
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)

1993

42. Dynamic optimal fiscal and monetary policy in a business cycle model with income redistribution
    Working Papers (Old Series), Federal Reserve Bank of Cleveland

Journal Articles

2024

1. Examining the Performance of FOMC Inflation Forecasts
   FRBSF Economic Letter, 2024, 2024, (29), 6
2. Replicating business cycles and asset returns with sentiment and low risk aversion
   Journal of Economic Dynamics and Control, 2024, 167, (C)
   See also Working Paper Replicating Business Cycles and Asset Returns with Sentiment and Low Risk Aversion, Working Paper Series (2021) (2021)

2023

3. Inflation Expectations, the Phillips Curve, and Stock Prices
   FRBSF Economic Letter, 2023, 2023, (24), 6 View citations (1)
4. Reducing Inflation along a Nonlinear Phillips Curve
   FRBSF Economic Letter, 2023, 2023, (17), 5 View citations (7)

2022

5. Examining the sources of excess return predictability: Stochastic volatility or market inefficiency?
   Journal of Economic Behavior & Organization, 2022, 197, (C), 50-72 View citations (3)
   See also Working Paper Examining the Sources of Excess Return Predictability: Stochastic Volatility or Market Inefficiency?, Working Paper Series (2022) View citations (3) (2022)
6. Untangling Persistent versus Transitory Shocks to Inflation
   FRBSF Economic Letter, 2022, 2022, (13), 05 View citations (4)
7. Will Rising Rents Push Up Future Inflation?
   FRBSF Economic Letter, 2022, 2022, (03), 05 View citations (2)

2021

8. Endogenous forecast switching near the zero lower bound
   Journal of Monetary Economics, 2021, 117, (C), 153-169 View citations (6)
   See also Working Paper Endogenous Forecast Switching Near the Zero Lower Bound, Working Paper Series (2019) View citations (3) (2019)
9. Return of the Original Phillips Curve
   FRBSF Economic Letter, 2021, 2021, (21), 01-06

2020

10. Assessing Recent Stock Market Valuation with Macro Data
    FRBSF Economic Letter, 2020, 2020, (31), 01-06 View citations (1)
11. Wringing the Overoptimism from FOMC Growth Forecasts
    FRBSF Economic Letter, 2020, 2020, (03), 05 View citations (1)

2019

12. Improving the Phillips Curve with an Interaction Variable
    FRBSF Economic Letter, 2019 View citations (2)
13. Inflation dynamics and adaptive expectations in an estimated DSGE model
    Journal of Macroeconomics, 2019, 59, (C), 258-277 View citations (13)
14. Real business cycles, animal spirits, and stock market valuation
    International Journal of Economic Theory, 2019, 15, (1), 77-94 View citations (7)
    See also Working Paper Real Business Cycles, Animal Spirits, and Stock Market Valuation, Working Paper Series (2018) (2018)

2018

15. Can the Income-Expenditure Discrepancy Improve Forecasts?
    FRBSF Economic Letter, 2018
16. Explaining the Boom–Bust Cycle in the U.S. Housing Market: A Reverse‐Engineering Approach
    Journal of Money, Credit and Banking, 2018, 50, (8), 1751-1783 View citations (13)
    See also Working Paper Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach, Working Paper (2015) View citations (5) (2015)
17. Leaning Against the Credit Cycle
    Journal of the European Economic Association, 2018, 16, (5), 1350-1393 View citations (14)
    See also Working Paper Leaning Against the Credit Cycle, Working Paper Series (2017) View citations (10) (2017)
18. Top Incomes, Rising Inequality and Welfare
    Economic Journal, 2018, 128, (608), 262-297 View citations (14)
    See also Working Paper Top Incomes, Rising Inequality, and Welfare, CESifo Working Paper Series (2015) (2015)
19. Using Sentiment and Momentum to Predict Stock Returns
    FRBSF Economic Letter, 2018 View citations (2)

2017

20. Explaining exchange rate anomalies in a model with Taylor-rule fundamentals and consistent expectations
    Journal of International Money and Finance, 2017, 70, (C), 62-87 View citations (9)
    See also Working Paper Explaining Exchange Rate Anomalies in a Model with Taylor-Rule Fundamentals and Consistent Expectations, Working Paper Series (2014) (2014)
21. R-star, Uncertainty, and Monetary Policy
    FRBSF Economic Letter, 2017
22. Stock Market Valuation and the Macroeconomy
    FRBSF Economic Letter, 2017

2016

23. Consequences of Rising Income Inequality
    FRBSF Economic Letter, 2016
24. On variance bounds for asset price changes
    Journal of Financial Markets, 2016, 28, (C), 132-148 View citations (4)
25. Projecting the Long-Run Natural Rate of Interest
    FRBSF Economic Letter, 2016 View citations (1)

2015

26. Assessing the Recent Behavior of Inflation
    FRBSF Economic Letter, 2015
27. Asset Pricing with Concentrated Ownership of Capital and Distribution Shocks
    American Economic Journal: Macroeconomics, 2015, 7, (4), 67-103 View citations (29)
28. Discussion of Ling, Ooi, and Le
    Journal of Money, Credit and Banking, 2015, 47, (S1), 127-132
29. Persistent overoptimism about economic growth
    FRBSF Economic Letter, 2015 View citations (4)
30. What’s different about the latest housing boom?
    FRBSF Economic Letter, 2015 View citations (1)

2014

31. House prices, expectations, and time-varying fundamentals
    Journal of Empirical Finance, 2014, 29, (C), 3-25 View citations (54)
    See also Working Paper House Prices, Expectations, and Time-Varying Fundamentals, Working Paper Series (2013) View citations (33) (2013)
32. Risk aversion, investor information and stock market volatility
    European Economic Review, 2014, 70, (C), 88-107 View citations (14)

2013

33. House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy
    International Journal of Central Banking, 2013, 9, (2), 219-276 View citations (105)
    See also Working Paper House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy, Dynare Working Papers (2012) View citations (27) (2012)
34. Monetary policy and asset prices with belief-driven fluctuations
    Journal of Economic Dynamics and Control, 2013, 37, (8), 1453-1478 View citations (22)

2012

35. Housing bubbles and homeownership returns
    FRBSF Economic Letter, 2012, (jun25) View citations (4)
36. Speculative growth, overreaction, and the welfare cost of technology-driven bubbles
    Journal of Economic Behavior & Organization, 2012, 83, (3), 461-483 View citations (17)

2011

37. Consumers and the economy, part I: Household credit and personal saving
    FRBSF Economic Letter, 2011, (jan10) View citations (1)
38. Gauging the impact of the Great Recession
    FRBSF Economic Letter, 2011, (july11) View citations (5)

2010

39. Forecasting growth over the next year with a business cycle index
    FRBSF Economic Letter, 2010, (sep27) View citations (2)
40. Global household leverage, house prices, and consumption
    FRBSF Economic Letter, 2010, (jan11) View citations (37)
41. Rational and Near-Rational Bubbles Without Drift
    Economic Journal, 2010, 120, (549), 1149-1174 View citations (45)
    See also Working Paper Rational and Near-Rational Bubbles Without Drift, 2007 Meeting Papers (2007) View citations (4) (2007)

2009

42. Capital-labor substitution and equilibrium indeterminacy
    Journal of Economic Dynamics and Control, 2009, 33, (12), 1991-2000 View citations (32)
43. Speculative Bubbles and Overreaction to Technological Innovation
    Journal of Financial Transformation, 2009, 26, 51-54 View citations (1)
    Also in FRBSF Economic Letter, 2008, (jun20) (2008) View citations (3)
44. Time Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve
    Review of Economic Dynamics, 2009, 12, (2), 304-326 View citations (33)
    See also Software Item Code for "Time Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve", Computer Codes (2008) (2008)
    Working Paper Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve, Computing in Economics and Finance 2006 (2006) View citations (3) (2006)
45. U.S. household deleveraging and future consumption growth
    FRBSF Economic Letter, 2009, (may15) View citations (13)

2008

46. Monetary policy and asset prices
    FRBSF Economic Letter, 2008, (oct31) View citations (12)

2007

47. Asset price bubbles
    FRBSF Economic Letter, 2007, (oct26) View citations (1)
48. Maintenance expenditures and indeterminacy under increasing returns to scale
    International Journal of Economic Theory, 2007, 3, (2), 147-158 View citations (10)
    See also Working Paper Maintenance expenditures and indeterminacy under increasing returns to scale, Working Paper Series (2005) View citations (5) (2005)

2006

49. LOCK-IN OF EXTRAPOLATIVE EXPECTATIONS IN AN ASSET PRICING MODEL
    Macroeconomic Dynamics, 2006, 10, (3), 317-348 View citations (24)
    See also Working Paper Lock-in of extrapolative expectations in an asset pricing model, Working Paper Series (2005) View citations (1) (2005)
50. Tax Reform with Useful Public Expenditures
    Journal of Public Economic Theory, 2006, 8, (4), 631-676 View citations (21)
    See also Working Paper Tax reform with useful public expenditures, Working Papers in Applied Economic Theory (2004) View citations (5) (2004)
51. Will moderating growth reduce inflation?
    FRBSF Economic Letter, 2006, (dec22) View citations (2)

2005

52. Inflation-Induced Valuation Errors in the Stock Market
    Journal of Financial Transformation, 2005, 13, 124-126
    Also in FRBSF Economic Letter, 2004, (oct29) (2004) View citations (9)
53. Spendthrift nation
    FRBSF Economic Letter, 2005, (nov10) View citations (4)

2004

54. Growth Effects of Shifting from a Graduated-rate Tax System to a Flat Tax
    Economic Inquiry, 2004, 42, (2), 194-213 View citations (39)

2003

55. Forward-looking behavior and optimal discretionary monetary policy
    Economics Letters, 2003, 81, (2), 249-256 View citations (19)
    See also Working Paper Forward-looking behavior and optimal discretionary monetary policy, Working Paper Series (2003) View citations (10) (2003)
56. Globally-Stabilizing Fiscal Policy Rules
    Studies in Nonlinear Dynamics & Econometrics, 2003, 7, (2), 15
57. Growth in the post-bubble economy
    FRBSF Economic Letter, 2003, (jun20) View citations (2)
58. Should the Fed react to the stock market?
    FRBSF Economic Letter, 2003, (nov14) View citations (7)

2002

59. Can the Phillips curve help forecast inflation?
    FRBSF Economic Letter, 2002, (oct4) View citations (6)
60. FISCAL POLICY, INCREASING RETURNS, AND ENDOGENOUS FLUCTUATIONS
    Macroeconomic Dynamics, 2002, 6, (5), 633-664 View citations (44)
    See also Working Paper Fiscal policy, increasing returns, and endogenous fluctuations, Working Papers in Applied Economic Theory (1999) View citations (32) (1999)
61. Real-time estimation of trend output and the illusion of interest rate smoothing
    Economic Review, 2002, 17-34 View citations (42)
62. Searching for value in the U.S. stock market
    FRBSF Economic Letter, 2002, (may24)

2001

63. Uncertainties in projecting federal budget surpluses
    FRBSF Economic Letter, 2001, (apr.13)

2000

64. Expectations, credibility, and disinflation in a small macroeconomic model
    Journal of Economics and Business, 2000, 52, (1-2), 51-86 View citations (25)
    See also Working Paper Expectations, credibility, and disinflation in a small macroeconomic model, Working Papers in Applied Economic Theory (1998) View citations (1) (1998)
65. Exploring the causes of the Great Inflation
    FRBSF Economic Letter, 2000, (jul7) View citations (5)
66. Learning about a shift in trend output: implications for monetary policy and inflation
    Proceedings, 2000 View citations (31)
    See also Working Paper Learning about a shift in trend output: implications for monetary policy and inflation, Working Paper Series (2002) View citations (7) (2002)

1999

67. Fiscal Policy and Productivity Growth in the OECD
    Canadian Journal of Economics, 1999, 32, (5), 1215-1226 View citations (12)
    See also Working Paper Fiscal policy and productivity growth in the OECD, Working Papers in Applied Economic Theory (1999) View citations (11) (1999)
68. Optimal redistributive capital taxation in a neoclassical growth model
    Journal of Public Economics, 1999, 73, (3), 423-453 View citations (97)
    See also Working Paper Optimal redistributive capital taxation in a neoclassical growth model, Working Papers in Applied Economic Theory (1998) View citations (7) (1998)
69. Optimal taxation of capital income with imperfectly competitive product markets
    Journal of Economic Dynamics and Control, 1999, 23, (7), 967-995 View citations (97)
    See also Working Paper Optimal taxation of capital income with imperfectly competitive product markets, Working Papers in Applied Economic Theory (1998) View citations (1) (1998)
70. Output and inflation: a 100-year perspective
    FRBSF Economic Letter, 1999, (may28)
71. Rates of return from Social Security
    FRBSF Economic Letter, 1999, (nov12)

1998

72. Can the stock market save Social Security?
    FRBSF Economic Letter, 1998, (dec11)
73. Federal Reserve credibility and inflation scares
    Economic Review, 1998, 3-16 View citations (4)
74. Indeterminacy and Stabilization Policy
    Journal of Economic Theory, 1998, 82, (2), 481-490 View citations (143)
    See also Working Paper Indeterminacy and stabilization policy, Working Papers (Old Series) (1997) (1997)
75. Optimal Fiscal Policy in a Business Cycle Model with Public Capital
    Canadian Journal of Economics, 1998, 31, (2), 337-364 View citations (67)
76. Optimal fiscal policy, public capital, and the productivity slowdown
    Journal of Economic Dynamics and Control, 1998, 22, (6), 911-935 View citations (63)
    See also Working Paper Optimal fiscal policy, public capital, and the productivity slowdown, Working Papers (Old Series) (1995) View citations (3) (1995)

1997

77. Tax structure and welfare in a model of optimal fiscal policy
    Economic Review, 1997, (Q I), 11-23 View citations (17)

1996

78. Social Security: are we getting our money's worth?
    Economic Commentary, 1996, (Jan)

1995

79. Computable General Equilibrium Models and Monetary Policy Advice
    Journal of Money, Credit and Banking, 1995, 27, (4), 1472-93 View citations (15)
    Also in Proceedings, 1994, 1472-1505 (1994) View citations (1)
    See also Working Paper Computable general-equilibrium models and monetary policy advice, Working Papers (Old Series) (1995) View citations (9) (1995)
80. Is public capital productive? A review of the evidence
    Economic Commentary, 1995, (Mar) View citations (2)

1994

81. Tax structure, optimal fiscal policy, and the business cycle
    Economic Review, 1994, 30, (Q IV), 2-14 View citations (1)

Books

2013

1. Property Prices and Real Estate Financing in a Turbulent World
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (5)

Software Items

2008

1. Code for "Time Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Time Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (33) (2009)