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 2009-08-03. Update your information in the RePEc Author Service.

Short-id: pmc46

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Working Papers

2009

1. Capital taxation during the U.S. Great Depression
   Working Papers, Federal Reserve Bank of Minneapolis
2. Technology capital and the U.S. current account
   Staff Report, Federal Reserve Bank of Minneapolis View citations
   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)
3. Technology capital and the U.S. current account (appendices)
   Staff Report, Federal Reserve Bank of Minneapolis
4. Transition to FDI openness
   Working Papers, Federal Reserve Bank of Minneapolis
5. 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. Unmeasured investment and the puzzling U.S. boom in the 1990s (technical appendix)
   Staff Report, Federal Reserve Bank of Minneapolis

2008

7. Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations
   See also Journal Article in Journal of Monetary Economics (2008)
8. 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
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations
9. New Keynesian Models: Not Yet Useful for Policy Analysis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations
   Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations
   See also Journal Article in American Economic Journal: Macroeconomics (2009)
10. Openness, technology capital, and development
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations

2007

11. Changes in the distribution of family hours worked since 1950
    Staff Report, Federal Reserve Bank of Minneapolis
12. Comparing alternative representations and alternative methodologies in business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006)

2006

13. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis
14. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations
    Levine's Bibliography, UCLA Department of Economics (2003) View citations
    Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    See also Journal Article in Econometrica (2007)
15. Measurement with Minimal Theory
    2006 Meeting Papers, Society for Economic Dynamics View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006) View citations
16. Real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis View citations
17. 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

18. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations
19. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics View citations
20. Expensed and sweat equity
    Working Papers, Federal Reserve Bank of Minneapolis
21. Productivity and the Post-1990 U.S. Economy
    2005 Meeting Papers, Society for Economic Dynamics View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations
    Levine's Bibliography, UCLA Department of Economics (2004)
    See also Journal Article in Review (2005)
22. Sudden Stops and Output Drops
    Levine's Bibliography, UCLA Department of Economics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations
    See also Journal Article in American Economic Review (2005)
23. Taxes, regulations, and the value of U.S. and U.K. corporations
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations
    See also Journal Article in Review of Economic Studies (2005)

2004

24. 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
25. 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
26. Predictions of the Price of Capital
    2004 Meeting Papers, Society for Economic Dynamics

2003

27. Average Debt and Equity Returns: Puzzling?
    Levine's Bibliography, UCLA Department of Economics View citations
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations
    See also Journal Article in American Economic Review (2003)
28. The 1929 stock market: Irving Fisher was right
    Staff Report, Federal Reserve Bank of Minneapolis
    See also Journal Article in International Economic Review (2004)
29. Why are married women working so much?
    Staff Report, Federal Reserve Bank of Minneapolis View citations

2002

30. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations
31. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations
    See also Journal Article in Review of Economic Studies (2002)

2001

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

1999

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

1998

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

1997

42. 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
43. The optimum quantity of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1994) View citations
    See also Journal Article in Journal of Monetary Economics (1998)
44. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations

1995

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

1994

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

1993

48. Household production and taxation in the stochastic growth model
    Staff Report, Federal Reserve Bank of Minneapolis View citations
49. On Adaptive Learning in Strategic Games
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations
50. Solving the stochastic growth model with a finite element method
    Staff Report, Federal Reserve Bank of Minneapolis View citations
    See also Journal Article in Journal of Economic Dynamics and Control (1996)

1991

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

1989

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

Journal Articles

2009

1. New Keynesian Models: Not Yet Useful for Policy Analysis
   American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 View citations
   See also Working Paper (2008)

2008

2. Are structural VARs with long-run restrictions useful in developing business cycle theory?
   Journal of Monetary Economics, 2008, 55, (8), 1337-1352 View citations
   See also Working Paper (2008)

2007

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

2005

4. 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
5. EconomicDynamics Interviews Ellen McGrattan on Business Cycle Accounting and Stock Market Valuation
   EconomicDynamics Newsletter, 2005, 6, (2)
6. Productivity and the post-1990 U.S. economy
   Review, 2005, (Jul), 537-550 View citations
   See also Working Paper (2005)
7. Sudden Stops and Output Drops
   American Economic Review, 2005, 95, (2), 381-387 View citations
   See also Working Paper (2005)
8. Taxes, Regulations, and the Value of U.S. and U.K. Corporations
   Review of Economic Studies, 2005, 72, (3), 767-796 View citations
   See also Working Paper (2005)

2004

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

2003

11. Accounting for the Great Depression
    Quarterly Review, 2003, (Spr), 2-8 View citations
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) View citations
12. Average Debt and Equity Returns: Puzzling?
    American Economic Review, 2003, 93, (2), 392-397 View citations
    See also Working Paper (2003)

2002

13. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    Review of Economic Studies, 2002, 69, (3), 533-63 View citations
    See also Working Paper (2002)

2001

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

2000

15. Is the stock market overvalued?
    Quarterly Review, 2000, (Fall), 20-40 View citations
    See also Working Paper (2001)
16. Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
    Econometrica, 2000, 68, (5), 1151-1180 View citations
    See also Working Paper (1998)
17. The declining U.S. equity premium
    Quarterly Review, 2000, (Fall), 3-19 View citations
    See also Working Paper (2001)

1999

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

1998

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

1997

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

1996

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

1995

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

1994

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

1990

29. 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
    See also Working Paper (1989)
30. Solving the Stochastic Growth Model by Linear-Quadratic Approximation
    Journal of Business & Economic Statistics, 1990, 8, (1), 41-44 View citations

Chapters

1999

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

1996

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

1993

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

Software Items

1998

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