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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:Department of Economics, University of Minnesota, (more information at EDIRC)
Research Department, Federal Reserve Bank of Minneapolis, (more information at EDIRC)

Access statistics for papers by Ellen R. McGrattan.

Last updated 2014-07-09. Update your information in the RePEc Author Service.

Short-id: pmc46


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Working Papers

2014

  1. A Reassessment of Real Business Cycle Theory
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
    See also Journal Article in American Economic Review (2014)

2013

  1. On Financing Retirement with an Aging Population
    2013 Meeting Papers, Society for Economic Dynamics Downloads
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012) Downloads View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads
  2. Patent data appendix for quid pro quo: Technology capital transfers for market access in China
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  3. Quid Pro Quo: Technology Capital Transfers for Market Access in China
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) Downloads
  4. Technical appendix for quid pro quo: Technology capital transfers for market access in China
    Staff Report, Federal Reserve Bank of Minneapolis Downloads

2012

  1. Online Appendix to "Transition to FDI Openness: Reconciling Theory and Evidence"
    Technical Appendices, Review of Economic Dynamics Downloads
    See also Journal Article in Review of Economic Dynamics (2012)
  2. Technical appendix: Transition to FDI openness - reconciling theory and evidence
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  3. Technical appendix: on financing retirement with an aging population
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  4. The Labor Productivity Puzzle
    2012 Meeting Papers, Society for Economic Dynamics Downloads
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2012) Downloads

    See also Chapter (2012)
  5. Transition to FDI openness: reconciling theory and evidence
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads

    See also Journal Article in Review of Economic Dynamics (2012)

2011

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

2010

  1. Capital Taxation During the U.S. Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) Downloads View citations (1)
    Working Papers, Federal Reserve Bank of Minneapolis (2010) Downloads View citations (1)

    See also Journal Article in The Quarterly Journal of Economics (2012)
  2. Comment on Christian’s “Human Capital Accounting in the United States: 1994–2006”
    Staff Report, Federal Reserve Bank of Minneapolis Downloads

2009

  1. Technology capital and the U.S. current account
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)
    Also in Levine's Bibliography, UCLA Department of Economics (2008) Downloads
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (2)
    Working Papers, Federal Reserve Bank of Minneapolis (2007) Downloads
    2007 Meeting Papers, Society for Economic Dynamics (2007) Downloads

    See also Journal Article in American Economic Review (2010)
  2. Technology capital and the U.S. current account (appendices)
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  3. Transition to FDI Openness
    2009 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2009) Downloads View citations (1)
  4. Unmeasured investment and the puzzling U.S. boom in the 1990s
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (5)

    See also Journal Article in American Economic Journal: Macroeconomics (2010)
  5. Unmeasured investment and the puzzling U.S. boom in the 1990s (technical appendix)
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)

2008

  1. Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (55)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (21)

    See also Journal Article in Journal of Monetary Economics (2008)
  2. Does neoclassical theory account for the effects of big fiscal shocks? Evidence from World War II
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (3)
  3. New Keynesian Models: Not Yet Useful for Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (14)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (13)

    See also Journal Article in American Economic Journal: Macroeconomics (2009)
  4. Openness, Technology Capital, and Development
    2008 Meeting Papers, Society for Economic Dynamics Downloads View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (5)
    Working Papers, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (5)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (3)

    See also Journal Article in Journal of Economic Theory (2009)

2007

  1. Changes in the distribution of family hours worked since 1950
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  2. Comparing alternative representations and alternative methodologies in business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (20)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006) Downloads

2006

  1. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (4)
  2. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (18)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) Downloads View citations (35)
    Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (39)
    Levine's Bibliography, UCLA Department of Economics (2003) Downloads View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (78)

    See also Journal Article in Econometrica (2007)
  3. Measurement with Minimal Theory
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006) Downloads View citations (1)

    See also Journal Article in Quarterly Review (2010)
  4. Real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (9)
  5. Why Did U.S. Market Hours Boom in the 1990s?
    2006 Meeting Papers, Society for Economic Dynamics Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads

2005

  1. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (61)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) Downloads View citations (29)
  2. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics Downloads View citations (23)
  3. Expensed and sweat equity
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (3)
  4. Productivity and the Post-1990 U.S. Economy
    2005 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) Downloads View citations (1)
    Levine's Bibliography, UCLA Department of Economics (2004) Downloads

    See also Journal Article in Review (2005)
  5. Sudden Stops and Output Drops
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (47)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (49)
    Staff Report, Federal Reserve Bank of Minneapolis (2005) Downloads View citations (52)

    See also Journal Article in American Economic Review (2005)
  6. Taxes, regulations, and the value of U.S. and U.K. corporations
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (83)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) Downloads View citations (14)

    See also Journal Article in Review of Economic Studies (2005)

2004

  1. 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 Downloads View citations (6)
  2. 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 Downloads
  3. Predictions of the Price of Capital
    2004 Meeting Papers, Society for Economic Dynamics Downloads

2003

  1. Average Debt and Equity Returns: Puzzling?
    Levine's Working Paper Archive, David K. Levine Downloads View citations (43)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (68)

    See also Journal Article in American Economic Review (2003)
  2. The 1929 stock market: Irving Fisher was right
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article in International Economic Review (2004)
  3. Why are married women working so much?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (76)

2002

  1. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (39)
  2. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (398)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (58)
    Staff Report, Federal Reserve Bank of Minneapolis (1998) Downloads View citations (98)

    See also Journal Article in Review of Economic Studies (2002)

2001

  1. Is the Stock Market Overvalued?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    See also Journal Article in Quarterly Review (2000)
  2. Taxes, Regulations, and Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) Downloads View citations (22)
  3. The Declining U.S. Equity Premium
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article in Quarterly Review (2000)
  4. The Stock Market Crash of 1929: Irving Fisher Was Right!
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

1999

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

1998

  1. Application of weighted residual methods to dynamic economic models
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (14)
  2. Comments on Gordon, Leeper, and Zha's trends in velocity and policy expectations
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  3. Explaining cross-country income differences
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (16)
    See also Chapter (1999)
  4. Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (51)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (28)

    See also Journal Article in Econometrica (2000)

1997

  1. Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (60)
  2. The optimum quantity of debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1994) Downloads View citations (6)

    See also Journal Article in Journal of Monetary Economics (1998)
  3. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (46)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (70)

1995

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

1994

  1. Mechanics of forming and estimating dynamic linear economies
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (45)
    See also Chapter (1996)

1993

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

1991

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

Journal Articles

2014

  1. A Reassessment of Real Business Cycle Theory
    American Economic Review, 2014, 104, (5), 177-82 Downloads View citations (1)
    See also Working Paper (2014)

2012

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

2010

  1. Measurement with minimal theory
    Quarterly Review, 2010, (July), 2-13 Downloads
    See also Working Paper (2006)
  2. Technology Capital and the US Current Account
    American Economic Review, 2010, 100, (4), 1493-1522 Downloads View citations (13)
    See also Working Paper (2009)
  3. Unmeasured Investment and the Puzzling US Boom in the 1990s
    American Economic Journal: Macroeconomics, 2010, 2, (4), 88-123 Downloads View citations (17)
    See also Working Paper (2009)

2009

  1. New Keynesian Models: Not Yet Useful for Policy Analysis
    American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 Downloads View citations (95)
    See also Working Paper (2008)
  2. Openness, technology capital, and development
    Journal of Economic Theory, 2009, 144, (6), 2454-2476 Downloads View citations (20)
    See also Working Paper (2008)

2008

  1. Are structural VARs with long-run restrictions useful in developing business cycle theory?
    Journal of Monetary Economics, 2008, 55, (8), 1337-1352 Downloads View citations (56)
    See also Working Paper (2008)

2007

  1. Business Cycle Accounting
    Econometrica, 2007, 75, (3), 781-836 Downloads View citations (155)
    See also Working Paper (2006)

2005

  1. 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 Downloads
  2. EconomicDynamics Interviews Ellen McGrattan on Business Cycle Accounting and Stock Market Valuation
    EconomicDynamics Newsletter, 2005, 6, (2) Downloads
  3. Productivity and the post-1990 U.S. economy
    Review, 2005, (Jul), 537-550 Downloads View citations (1)
    See also Working Paper (2005)
  4. Sudden Stops and Output Drops
    American Economic Review, 2005, 95, (2), 381-387 Downloads View citations (48)
    See also Working Paper (2005)
  5. Taxes, Regulations, and the Value of U.S. and U.K. Corporations
    Review of Economic Studies, 2005, 72, (3), 767-796 Downloads View citations (25)
    See also Working Paper (2005)

2004

  1. Changes in hours worked, 1950?2000
    Quarterly Review, 2004, (Jul), 14-33 Downloads View citations (6)
  2. THE 1929 STOCK MARKET: IRVING FISHER WAS RIGHT
    International Economic Review, 2004, 45, (4), 991-1009 Downloads View citations (3)
    See also Working Paper (2003)

2003

  1. Accounting for the Great Depression
    Quarterly Review, 2003, (Spr), 2-8 Downloads View citations (7)
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) Downloads View citations (44)
  2. Average Debt and Equity Returns: Puzzling?
    American Economic Review, 2003, 93, (2), 392-397 Downloads View citations (62)
    See also Working Paper (2003)
  3. The Optimum Quantity of Debt: Technical Appendix
    Annals of Economics and Finance, 2003, 4, (1), 193-217 Downloads View citations (4)

2002

  1. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    Review of Economic Studies, 2002, 69, (3), 533-563 Downloads View citations (401)
    Also in Review of Economic Studies, 2002, 69, (3), 533-63 (2002) View citations (404)

    See also Working Paper (2002)

2001

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

2000

  1. Is the stock market overvalued?
    Quarterly Review, 2000, (Fall), 20-40 Downloads View citations (50)
    See also Working Paper (2001)
  2. Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
    Econometrica, 2000, 68, (5), 1151-1180 View citations (396)
    See also Working Paper (1998)
  3. The declining U.S. equity premium
    Quarterly Review, 2000, (Fall), 3-19 Downloads View citations (30)
    See also Working Paper (2001)

1999

  1. Maintenance and repair: too big to ignore
    Quarterly Review, 1999, (Fall), 2-13 Downloads View citations (44)

1998

  1. A defense of AK growth models
    Quarterly Review, 1998, (Fall), 13-27 Downloads View citations (27)
  2. Changes in hours worked since 1950
    Quarterly Review, 1998, (Win), 2-19 Downloads View citations (10)
  3. The optimum quantity of debt
    Journal of Monetary Economics, 1998, 42, (3), 447-469 Downloads View citations (100)
    See also Working Paper (1997)
  4. Trends in velocity and policy expectations: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 305-316 Downloads View citations (6)

1997

  1. An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy
    International Economic Review, 1997, 38, (2), 267-90 View citations (135)
    See also Working Paper (1995)

1996

  1. Solving the stochastic growth model with a finite element method
    Journal of Economic Dynamics and Control, 1996, 20, (1-3), 19-42 Downloads View citations (31)
    See also Working Paper (1993)

1995

  1. The CAPM debate
    Quarterly Review, 1995, (Fall), 2-17 Downloads View citations (12)

1994

  1. A note on computing competitive equilibria in linear models
    Journal of Economic Dynamics and Control, 1994, 18, (1), 149-160 Downloads View citations (10)
  2. A progress report on business cycle models
    Quarterly Review, 1994, (Fall), 2-16 Downloads View citations (19)
  3. The macroeconomic effects of distortionary taxation
    Journal of Monetary Economics, 1994, 33, (3), 573-601 Downloads View citations (211)
    See also Working Paper (1991)

1990

  1. Money as a medium of exchange in an economy with artificially intelligent agents
    Journal of Economic Dynamics and Control, 1990, 14, (2), 329-373 Downloads View citations (78)
  2. 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 Downloads
    See also Working Paper (2012)

1999

  1. Explaining cross-country income differences
    Chapter 10 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 669-737 Downloads View citations (36)
    See also Working Paper (1998)

1996

  1. Mechanics of forming and estimating dynamic linear economies
    Chapter 04 in Handbook of Computational Economics, 1996, vol. 1, pp 171-252 Downloads View citations (58)
    See also Working Paper (1994)

1993

  1. The Macroeconomics of War and Peace
    A chapter in NBER Macroeconomics Annual 1993, Volume 8, 1993, pp 197-258 Downloads View citations (22)

Software Items

2012

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

1998

  1. Application of Weighted Residual Methods to Dynamic Economic Models, Finite Element Methods
    QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles Downloads
  2. Application of Weighted Residual Methods to Dynamic Economic Models, Spectral Methods
    QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles Downloads
 
Page updated 2014-09-01