Details about Ellen R. McGrattan

Homepage:	http://minneapolisfed.org/research/economists/emcgrattan.html
Postal address:	Research Department Federal Reserve Bank of Minneapolis 90 Hennepin Avenue Minneapolis, MN 55401
Workplace:	Research Department, Federal Reserve Bank of Minneapolis, (more information at EDIRC) Department of Economics, University of Minnesota, (more information at EDIRC)

Access statistics for papers by Ellen R. McGrattan.

Last updated 2013-03-04. Update your information in the RePEc Author Service.

Short-id: pmc46

---

Jump to Journal Articles Chapters Software Items

Working Papers

2013

1. On Financing Retirement with an Aging Population
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2012)

2012

2. Online Appendix to "Transition to FDI Openness: Reconciling Theory and Evidence"
   Technical Appendices, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2012)
3. Technical appendix: Transition to FDI openness - reconciling theory and evidence
   Staff Report, Federal Reserve Bank of Minneapolis
4. Technical appendix: on financing retirement with an aging population
   Staff Report, Federal Reserve Bank of Minneapolis
5. The labor productivity puzzle
   Working Papers, Federal Reserve Bank of Minneapolis
   See also Chapter (2012)
6. Transition to FDI openness: reconciling theory and evidence
   Staff Report, Federal Reserve Bank of Minneapolis
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011)
   See also Journal Article in Review of Economic Dynamics (2012)

2011

7. Capital taxation during the U.S. Great Depression - Technical appendix
   Staff Report, Federal Reserve Bank of Minneapolis
8. On efficiently financing retirement
   Working Papers, Federal Reserve Bank of Minneapolis
9. Technology Capital Transfer
   2011 Meeting Papers, Society for Economic Dynamics
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2011)

2010

10. Capital Taxation During the U.S. Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010)
    Working Papers, Federal Reserve Bank of Minneapolis (2010)
    See also Journal Article in The Quarterly Journal of Economics (2012)
11. Comment on Christian’s “Human Capital Accounting in the United States: 1994–2006”
    Staff Report, Federal Reserve Bank of Minneapolis

2009

12. Technology capital and the U.S. current account
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
    Also in Levine's Bibliography, UCLA Department of Economics (2008)
    Working Papers, Federal Reserve Bank of Minneapolis (2007)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008)
    2007 Meeting Papers, Society for Economic Dynamics (2007)
    See also Journal Article in American Economic Review (2010)
13. Technology capital and the U.S. current account (appendices)
    Staff Report, Federal Reserve Bank of Minneapolis
14. Transition to FDI Openness
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2009) View citations (1)
15. Unmeasured investment and the puzzling U.S. boom in the 1990s
    Staff Report, Federal Reserve Bank of Minneapolis
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (6)
    See also Journal Article in American Economic Journal: Macroeconomics (2010)
16. Unmeasured investment and the puzzling U.S. boom in the 1990s (technical appendix)
    Staff Report, Federal Reserve Bank of Minneapolis

2008

17. 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)
18. Does neoclassical theory account for the effects of big fiscal shocks? Evidence from World War II
    Staff Report, Federal Reserve Bank of Minneapolis View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (3)
19. 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)
20. Openness, Technology Capital, and Development
    2008 Meeting Papers, Society for Economic Dynamics View citations (5)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (5)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (3)
    See also Journal Article in Journal of Economic Theory (2009)

2007

21. Changes in the distribution of family hours worked since 1950
    Staff Report, Federal Reserve Bank of Minneapolis
22. 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)

2006

23. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
24. 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)
25. Measurement with Minimal Theory
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006) View citations (1)
    See also Journal Article in Quarterly Review (2010)
26. Real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis View citations (8)
27. Why Did U.S. Market Hours Boom in the 1990s?
    2006 Meeting Papers, Society for Economic Dynamics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006)

2005

28. 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)
29. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics View citations (23)
30. Expensed and sweat equity
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
31. Productivity and the Post-1990 U.S. Economy
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (1)
    Levine's Bibliography, UCLA Department of Economics (2004)
    See also Journal Article in Review (2005)
32. 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)
33. Taxes, regulations, and the value of U.S. and U.K. corporations
    Staff Report, Federal Reserve Bank of Minneapolis View citations (59)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations (14)

2004

34. Comment on Gali and Rabanal's "Technology shocks and aggregate fluctuations: how well does the RBC model fit postwar U.S. data?"
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
35. Comment on Mendoza and Tesar's "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU"
    Staff Report, Federal Reserve Bank of Minneapolis
36. Predictions of the Price of Capital
    2004 Meeting Papers, Society for Economic Dynamics

2003

37. Average Debt and Equity Returns: Puzzling?
    Levine's Working Paper Archive, David K. Levine View citations (23)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (49)
    See also Journal Article in American Economic Review (2003)
38. The 1929 stock market: Irving Fisher was right
    Staff Report, Federal Reserve Bank of Minneapolis
    See also Journal Article in International Economic Review (2004)
39. Why are married women working so much?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (65)

2002

40. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (36)
41. 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)

2001

42. Is the Stock Market Overvalued?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article in Quarterly Review (2000)
43. Taxes, Regulations, and Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations (22)
44. The Declining U.S. Equity Premium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article in Quarterly Review (2000)
45. The Stock Market Crash of 1929: Irving Fisher Was Right!
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1999

46. Predicting the effects of Federal Reserve policy in a sticky-price model: an analytical approach
    Working Papers, Federal Reserve Bank of Minneapolis View citations (7)
    See also Journal Article in Proceedings (2001)
47. The macroeconomic effects of big fiscal shocks: the case of World War II
    Working Papers, Federal Reserve Bank of Minneapolis View citations (7)

1998

48. Application of weighted residual methods to dynamic economic models
    Staff Report, Federal Reserve Bank of Minneapolis View citations (14)
49. Comments on Gordon, Leeper, and Zha's trends in velocity and policy expectations
    Staff Report, Federal Reserve Bank of Minneapolis
50. Explaining cross-country income differences
    Staff Report, Federal Reserve Bank of Minneapolis View citations (15)
    See also Chapter (1999)
51. Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (55)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (63)
    See also Journal Article in Econometrica (2000)

1997

52. 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 (60)
53. The optimum quantity of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1994) View citations (6)
    See also Journal Article in Journal of Monetary Economics (1998)
54. 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)

1995

55. An equilibrium model of the business cycle with household production and fiscal policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations (13)
    See also Journal Article in International Economic Review (1997)
56. On the mechanics of forming and estimating dynamic linear economies
    Staff Report, Federal Reserve Bank of Minneapolis View citations (12)

1994

57. Mechanics of forming and estimating dynamic linear economies
    Staff Report, Federal Reserve Bank of Minneapolis View citations (44)
    See also Chapter (1996)

1993

58. Household production and taxation in the stochastic growth model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (19)
59. On adaptive learning in strategic games
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (6)
60. Solving the stochastic growth model with a finite element method
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
    See also Journal Article in Journal of Economic Dynamics and Control (1996)

1991

61. The macroeconomic effects of distortionary taxation
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (12)
    See also Journal Article in Journal of Monetary Economics (1994)

1989

62. MONEY AS A MEDIUM OF EXCHANGE IN AN ECONOMY WITH ARTIFICIALLY INTELLIGENT AGENTS
    Working Papers, Hoover Institution, Stanford University View citations (5)
    See also Journal Article in Journal of Economic Dynamics and Control (1990)

Journal Articles

2012

1. Capital Taxation During the U.S. Great Depression
   The Quarterly Journal of Economics, 2012, 127, (3), 1515-1550
   See also Working Paper (2010)
2. Transition to FDI Openness: Reconciling Theory and Evidence
   Review of Economic Dynamics, 2012, 15, (4), 437-458
   See also Working Paper (2012)
   Working Paper (2012)
   Software Item (2012)

2010

3. Measurement with minimal theory
   Quarterly Review, 2010, (July), 2-13
   See also Working Paper (2006)
4. Technology Capital and the US Current Account
   American Economic Review, 2010, 100, (4), 1493-1522 View citations (6)
   See also Working Paper (2009)
5. Unmeasured Investment and the Puzzling US Boom in the 1990s
   American Economic Journal: Macroeconomics, 2010, 2, (4), 88-123 View citations (6)
   See also Working Paper (2009)

2009

6. 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)
7. Openness, technology capital, and development
   Journal of Economic Theory, 2009, 144, (6), 2454-2476 View citations (8)
   See also Working Paper (2008)

2008

8. 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)

2007

9. Business Cycle Accounting
   Econometrica, 2007, 75, (3), 781-836 View citations (116)
   See also Working Paper (2006)

2005

10. Comment on: "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU"
    Journal of Monetary Economics, 2005, 52, (1), 205-211
11. EconomicDynamics Interviews Ellen McGrattan on Business Cycle Accounting and Stock Market Valuation
    EconomicDynamics Newsletter, 2005, 6, (2)
12. Productivity and the post-1990 U.S. economy
    Review, 2005, (Jul), 537-550 View citations (1)
    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)

2004

14. Changes in hours worked, 1950?2000
    Quarterly Review, 2004, (Jul), 14-33 View citations (3)
15. THE 1929 STOCK MARKET: IRVING FISHER WAS RIGHT
    International Economic Review, 2004, 45, (4), 991-1009 View citations (2)
    See also Working Paper (2003)

2003

16. 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)
17. Average Debt and Equity Returns: Puzzling?
    American Economic Review, 2003, 93, (2), 392-397 View citations (42)
    See also Working Paper (2003)
18. The Optimum Quantity of Debt: Technical Appendix
    Annals of Economics and Finance, 2003, 4, (1), 193-217 View citations (3)

2002

19. 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)

2001

20. Predicting the effects of Federal Reserve policy in a sticky price model: an analytical approach
    Proceedings, 2001, (Jun) View citations (6)
    See also Working Paper (1999)

2000

21. Is the stock market overvalued?
    Quarterly Review, 2000, (Fall), 20-40 View citations (48)
    See also Working Paper (2001)
22. 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)
23. The declining U.S. equity premium
    Quarterly Review, 2000, (Fall), 3-19 View citations (27)
    See also Working Paper (2001)

1999

24. Maintenance and repair: too big to ignore
    Quarterly Review, 1999, (Fall), 2-13 View citations (40)

1998

25. A defense of AK growth models
    Quarterly Review, 1998, (Fall), 13-27 View citations (27)
26. Changes in hours worked since 1950
    Quarterly Review, 1998, (Win), 2-19 View citations (8)
27. The optimum quantity of debt
    Journal of Monetary Economics, 1998, 42, (3), 447-469 View citations (78)
    See also Working Paper (1997)
28. Trends in velocity and policy expectations: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 305-316 View citations (6)

1997

29. An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy
    International Economic Review, 1997, 38, (2), 267-90 View citations (132)
    See also Working Paper (1995)

1996

30. Solving the stochastic growth model with a finite element method
    Journal of Economic Dynamics and Control, 1996, 20, (1-3), 19-42 View citations (24)
    See also Working Paper (1993)

1995

31. The CAPM debate
    Quarterly Review, 1995, (Fall), 2-17 View citations (11)

1994

32. A note on computing competitive equilibria in linear models
    Journal of Economic Dynamics and Control, 1994, 18, (1), 149-160 View citations (8)
33. A progress report on business cycle models
    Quarterly Review, 1994, (Fall), 2-16 View citations (20)
34. The macroeconomic effects of distortionary taxation
    Journal of Monetary Economics, 1994, 33, (3), 573-601 View citations (198)
    See also Working Paper (1991)

1990

35. Money as a medium of exchange in an economy with artificially intelligent agents
    Journal of Economic Dynamics and Control, 1990, 14, (2), 329-373 View citations (74)
    See also Working Paper (1989)
36. Solving the Stochastic Growth Model by Linear-Quadratic Approximation
    Journal of Business & Economic Statistics, 1990, 8, (1), 41-44 View citations (4)

Chapters

2012

1. The Labor Productivity Puzzle
   Chapter 6 in Government Policies and the Delayed Economic Recovery, 2012
   See also Working Paper (2012)

1999

2. Explaining cross-country income differences
   Chapter 10 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 669-737 View citations (39)
   See also Working Paper (1998)

1996

3. Mechanics of forming and estimating dynamic linear economies
   Chapter 04 in Handbook of Computational Economics, 1996, vol. 1, pp 171-252 View citations (56)
   See also Working Paper (1994)

1993

4. The Macroeconomics of War and Peace
   A chapter in NBER Macroeconomics Annual 1993, Volume 8, 1993, pp 197-258 View citations (19)

Software Items

2012

1. Code and data files for "Transition to FDI Openness: Reconciling Theory and Evidence"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2012)

1998

2. Application of Weighted Residual Methods to Dynamic Economic Models, Finite Element Methods
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
3. Application of Weighted Residual Methods to Dynamic Economic Models, Spectral Methods
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles