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Details about Alisdair McKay

Homepage:https://alisdairmckay.com
Workplace:Research Department, Federal Reserve Bank of Minneapolis, (more information at EDIRC)

Access statistics for papers by Alisdair McKay.

Last updated 2024-02-06. Update your information in the RePEc Author Service.

Short-id: pmc138


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Working Papers

2024

  1. Evaluating Policy Counterfactuals: A VAR-Plus Approach
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. How Should Monetary Policy Respond to Housing Inflation?
    Working Papers, Federal Reserve Bank of Minneapolis Downloads

2023

  1. A Tractable Income Process for Business Cycle Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. What Can Time-Series Regressions Tell Us About Policy Counterfactuals?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) Downloads View citations (5)

    See also Journal Article What Can Time‐Series Regressions Tell Us About Policy Counterfactuals?, Econometrica, Econometric Society (2023) Downloads (2023)

2021

  1. Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) Downloads View citations (14)

    See also Journal Article Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy, Econometrica, Econometric Society (2021) Downloads View citations (32) (2021)
  2. Optimal automatic stabilizers
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library Downloads View citations (15)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) Downloads View citations (18)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (21)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (21)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) Downloads View citations (19)
    Discussion Papers, Centre for Macroeconomics (CFM) (2016) Downloads View citations (21)
    2015 Meeting Papers, Society for Economic Dynamics (2015) Downloads

    See also Journal Article Optimal Automatic Stabilizers, The Review of Economic Studies, Review of Economic Studies Ltd (2021) Downloads View citations (15) (2021)

2020

  1. Forward Guidance and Durable Goods Demand
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article Forward Guidance and Durable Goods Demand, American Economic Review: Insights, American Economic Association (2022) Downloads View citations (7) (2022)
  2. Housing Wealth Effects: The Long View
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (36)

    See also Journal Article Housing Wealth Effects: The Long View, The Review of Economic Studies, Review of Economic Studies Ltd (2021) Downloads View citations (39) (2021)
  3. What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    See also Journal Article What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?, NBER Macroeconomics Annual, University of Chicago Press (2021) Downloads View citations (8) (2021)
    Chapter What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?, NBER Chapters, National Bureau of Economic Research, Inc (2020) Downloads View citations (11) (2020)

2019

  1. Lumpy Durable Consumption Demand and the State-Dependent Effects of Monetary and Fiscal Policy
    2019 Meeting Papers, Society for Economic Dynamics View citations (2)

2018

  1. Countercyclical fiscal policy in a low r∗ world
    2018 Meeting Papers, Society for Economic Dynamics Downloads

2017

  1. The Long View of Housing Wealth Effects
    2017 Meeting Papers, Society for Economic Dynamics View citations (1)

2016

  1. A Parsimonious Income Process for Business Cycle Analysis
    2016 Meeting Papers, Society for Economic Dynamics Downloads View citations (5)
  2. The Discounted Euler Equation: A Note
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    See also Journal Article The Discounted Euler Equation: A Note, Economica, London School of Economics and Political Science (2017) Downloads View citations (54) (2017)
  3. The role of automatic stabilizers in the U.S. business cycle
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library Downloads View citations (147)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (35)
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2013) Downloads View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) Downloads View citations (20)

    See also Journal Article The Role of Automatic Stabilizers in the U.S. Business Cycle, Econometrica, Econometric Society (2016) Downloads View citations (167) (2016)

2015

  1. The Power of Forward Guidance Revisited
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (103)
    See also Journal Article The Power of Forward Guidance Revisited, American Economic Review, American Economic Association (2016) Downloads View citations (348) (2016)

2014

  1. Idiosyncratic risk, insurance, and aggregate consumption dynamics: a likelihood perspective
    2014 Meeting Papers, Society for Economic Dynamics
    Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics Downloads

2013

  1. Online Appendix to "Search for Financial Returns and Social Security Privatization"
    Online Appendices, Review of Economic Dynamics Downloads View citations (6)
    See also Journal Article Search for Financial Returns and Social Security Privatization, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2013) Downloads View citations (7) (2013)

2012

  1. Accounting for idiosyncratic wage risk over the business cycle
    2012 Meeting Papers, Society for Economic Dynamics Downloads
    Also in Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2011) View citations (1)
  2. What is the role of the automatic stabilizers in the U.S. business cycle?
    2012 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)

2011

  1. Household Saving Behavior and Social Security Privatization
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (2)
  2. Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model
    2011 Meeting Papers, Society for Economic Dynamics Downloads View citations (22)
    Also in CERGE-EI Working Papers, The Center for Economic Research and Graduate Education - Economics Institute, Prague (2011) Downloads View citations (17)
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2011) View citations (33)

    See also Journal Article Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model, American Economic Review, American Economic Association (2015) Downloads View citations (341) (2015)
  3. Simple Market Equilibria with Rationally Inattentive Consumers
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics
    See also Journal Article Simple Market Equilibria with Rationally Inattentive Consumers, American Economic Review, American Economic Association (2012) Downloads View citations (36) (2012)

2006

  1. The Brevity and Violence of Contractions and Expansions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (12)

    See also Journal Article The brevity and violence of contractions and expansions, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (85) (2008)

2005

  1. Spurious Investment Specific Technological Change
    2005 Meeting Papers, Society for Economic Dynamics Downloads

Journal Articles

2023

  1. Monetary Policy and Inequality
    Journal of Economic Perspectives, 2023, 37, (1), 121-44 Downloads View citations (17)
  2. What Can Time‐Series Regressions Tell Us About Policy Counterfactuals?
    Econometrica, 2023, 91, (5), 1695-1725 Downloads
    See also Working Paper What Can Time-Series Regressions Tell Us About Policy Counterfactuals?, Staff Report (2023) Downloads View citations (9) (2023)

2022

  1. Forward Guidance and Durable Goods Demand
    American Economic Review: Insights, 2022, 4, (1), 106-22 Downloads View citations (7)
    See also Working Paper Forward Guidance and Durable Goods Demand, NBER Working Papers (2020) Downloads View citations (2) (2020)

2021

  1. Housing Wealth Effects: The Long View
    The Review of Economic Studies, 2021, 88, (2), 669-707 Downloads View citations (39)
    See also Working Paper Housing Wealth Effects: The Long View, Staff Report (2020) Downloads View citations (17) (2020)
  2. Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy
    Econometrica, 2021, 89, (6), 2717-2749 Downloads View citations (32)
    See also Working Paper Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy, Staff Report (2021) Downloads View citations (14) (2021)
  3. Optimal Automatic Stabilizers
    (Consumption versus Expenditure)
    The Review of Economic Studies, 2021, 88, (5), 2375-2406 Downloads View citations (15)
    See also Working Paper Optimal automatic stabilizers, LSE Research Online Documents on Economics (2021) Downloads View citations (15) (2021)
  4. What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?
    NBER Macroeconomics Annual, 2021, 35, (1), 175 - 223 Downloads View citations (8)
    See also Working Paper What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics?, NBER Working Papers (2020) Downloads View citations (13) (2020)
    Chapter What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?, NBER Chapters, 2020, 175-223 (2020) Downloads View citations (11) (2020)

2017

  1. The Discounted Euler Equation: A Note
    Economica, 2017, 84, (336), 820-831 Downloads View citations (54)
    See also Working Paper The Discounted Euler Equation: A Note, NBER Working Papers (2016) Downloads View citations (22) (2016)
  2. Time-varying idiosyncratic risk and aggregate consumption dynamics
    Journal of Monetary Economics, 2017, 88, (C), 1-14 Downloads View citations (38)

2016

  1. The Power of Forward Guidance Revisited
    American Economic Review, 2016, 106, (10), 3133-58 Downloads View citations (348)
    See also Working Paper The Power of Forward Guidance Revisited, NBER Working Papers (2015) Downloads View citations (103) (2015)
  2. The Role of Automatic Stabilizers in the U.S. Business Cycle
    Econometrica, 2016, 84, 141-194 Downloads View citations (167)
    See also Working Paper The role of automatic stabilizers in the U.S. business cycle, LSE Research Online Documents on Economics (2016) Downloads View citations (147) (2016)

2015

  1. Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model
    American Economic Review, 2015, 105, (1), 272-98 Downloads View citations (341)
    See also Working Paper Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model, 2011 Meeting Papers (2011) Downloads View citations (22) (2011)

2013

  1. Search for Financial Returns and Social Security Privatization
    Review of Economic Dynamics, 2013, 16, (2), 253-270 Downloads View citations (7)
    See also Working Paper Online Appendix to "Search for Financial Returns and Social Security Privatization", Online Appendices (2013) Downloads View citations (6) (2013)
    Software Item Code and data files for "Search for Financial Returns and Social Security Privatization", Computer Codes (2012) Downloads (2012)

2012

  1. Simple Market Equilibria with Rationally Inattentive Consumers
    American Economic Review, 2012, 102, (3), 24-29 Downloads View citations (36)
    See also Working Paper Simple Market Equilibria with Rationally Inattentive Consumers, Boston University - Department of Economics - Working Papers Series (2011) (2011)

2010

  1. News shocks and business cycles
    Economic Quarterly, 2010, 96, (4Q), 373-397 Downloads View citations (13)

2008

  1. The brevity and violence of contractions and expansions
    Journal of Monetary Economics, 2008, 55, (4), 738-751 Downloads View citations (85)
    See also Working Paper The Brevity and Violence of Contractions and Expansions, NBER Working Papers (2006) Downloads View citations (12) (2006)

2005

  1. Evolution of commuting patterns in the New York City metro area
    Current Issues in Economics and Finance, 2005, 11, (Oct) Downloads View citations (4)

Chapters

2020

  1. What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?
    A chapter in NBER Macroeconomics Annual 2020, volume 35, 2020, pp 175-223 Downloads View citations (11)
    See also Journal Article What Do We Learn from Cross-Regional Empirical Estimates in Macroeconomics?, University of Chicago Press (2021) Downloads View citations (8) (2021)
    Working Paper What Do We Learn From Cross-Regional Empirical Estimates in Macroeconomics?, National Bureau of Economic Research, Inc (2020) Downloads View citations (13) (2020)

Software Items

2012

  1. Code and data files for "Search for Financial Returns and Social Security Privatization"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article Search for Financial Returns and Social Security Privatization, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2013) Downloads View citations (7) (2013)
 
Page updated 2025-01-05