Details about Lee Edward Ohanian

E-mail:
Homepage:	http://www.econ.ucla.edu/people/faculty/Ohanian.html
Phone:	310 825 0979
Postal address:	department of economics ucla 405 hilgard ave. la, ca 90024
Workplace:	Department of Economics, University of California-Los Angeles (UCLA), (more information at EDIRC)

Access statistics for papers by Lee Edward Ohanian.

Last updated 2012-12-23. Update your information in the RePEc Author Service.

Short-id: poh1

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Jump to Journal Articles Edited books Chapters

Working Papers

2013

1. The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression
   NBER Working Papers, National Bureau of Economic Research, Inc

2012

2. Foreclosure delay and U.S. unemployment
   Working Papers, Federal Reserve Bank of St. Louis View citations (1)

2011

3. Accounting for the Great Recession
   Economic Policy Paper, Federal Reserve Bank of Minneapolis
4. Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2011) View citations (2)
   See also Journal Article in Journal of Monetary Economics (2012)
5. Hours Worked over the Business Cycle: Evidence from OECD Countries, 1960-2009
   2011 Meeting Papers, Society for Economic Dynamics View citations (3)
6. Labor Market Dysfunction During the Great Recession
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2010

7. The General Theory of Employment, Interest, and Money After 75 Years: The Importance of Being in the Right Place at the Right Time
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
8. The Spanish Crisis from a Global Perspective
   Working Papers, FEDEA View citations (3)

2009

9. 50 Years of Capital Flows
   2009 Meeting Papers, Society for Economic Dynamics
10. Bad Investments and Missed Opportunities: Capital Flows to Latin America and Asia, 1950-2004
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)
11. What - or Who - Started the Great Depression?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article in Journal of Economic Theory (2009)

2008

12. 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)
    See also Journal Article in International Economic Review (2010)

2007

13. The Efficiency and Mobility of International Capital Flows: 1950-2006
    2007 Meeting Papers, Society for Economic Dynamics

2006

14. Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2006) View citations (12)
    See also Journal Article in Journal of Monetary Economics (2008)
15. Why Have Business Cycle Fluctuations Become Less Volatile?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005)
    See also Journal Article in Economic Theory (2007)

2005

16. Deflation and the International Great Depression: A Productivity Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (11)

2004

17. Deflation, Real Wages, and the International Great Depression: A Productivity Puzzle
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (9)
18. Latin America in the Rearview Mirror
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations (18)
    See also Journal Article in Quarterly Review (2006)
19. Notes on Bootstrapping in Linear Models with i.i.d. Disturbances
    UCLA Economics Online Papers, UCLA Department of Economics View citations (1)
20. Trends and Fluctuations in the Household's Marginal Rate of Substitution Condition: Time Series Evidence from the OECD
    2004 Meeting Papers, Society for Economic Dynamics

2002

21. Data Appendix to The Great U.K. Depression: A Puzzle and Possible Resolution
    Technical Appendices, Review of Economic Dynamics View citations (5)
    See also Journal Article in Review of Economic Dynamics (2002)

2001

22. New Deal policies and the persistence of the Great Depression: a general equilibrium analysis
    Working Papers, Federal Reserve Bank of Minneapolis View citations (40)
    See also Journal Article in Journal of Political Economy (2004)
23. The great U.K. depression: a puzzle and possible resolution
    Staff Report, Federal Reserve Bank of Minneapolis View citations (11)
    See also Journal Article in Review of Economic Dynamics (2002)
24. Trend-reverting fluctuations in the life-cycle model
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)
    See also Journal Article in Journal of Economic Theory (2004)
25. Why did productivity fall so much during the Great Depression?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (25)
    See also Journal Article in Quarterly Review (2002)

2000

26. Re-examining the contributions of money and banking shocks to the U.S. Great Depression
    Staff Report, Federal Reserve Bank of Minneapolis View citations (19)
    See also Chapter (2001)

1999

27. The macroeconomic effects of big fiscal shocks: the case of World War II
    Working Papers, Federal Reserve Bank of Minneapolis View citations (7)
28. Unit Roots, Trend Breaks and Transitory Dynamics: A Macroeconomic Perspective
    Working Papers, Michigan - Center for Research on Economic & Social Theory View citations (3)
    See also Journal Article in Macroeconomic Dynamics (2002)

1998

29. Complex eigenvalues and trend-reverting fluctuations
    Staff Report, Federal Reserve Bank of Minneapolis View citations (8)
30. Dynamic equilibrium economies: a framework for comparing models and data
    Staff Report, Federal Reserve Bank of Minneapolis View citations (54)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1997) View citations (5)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1997) View citations (18)
    NBER Technical Working Papers, National Bureau of Economic Research, Inc (1995) View citations (9)
    See also Journal Article in Review of Economic Studies (1998)
31. Is there a trend break in U.S. GNP? A macroeconomic perspective
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
32. The defining moment: a review essay
    Staff Report, Federal Reserve Bank of Minneapolis
    See also Journal Article in Journal of Political Economy (1999)
33. The demand for money and the nonneutrality of money
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)

1997

34. Capital-skill complementarity and inequality: a macroeconomic analysis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (184)
    See also Journal Article in Econometrica (2000)
35. Shrinking money and monetary business cycles
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)

1996

36. Reassessing aggregate returns to scale with standard theory and measurement
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)

1993

37. Short-Run Independence of Monetary Policy Under Pegged Exchange Rates and Effects of Money on Exchange Rates and Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    See also Journal Article in Journal of Money, Credit and Banking (1997)

1989

38. THE CYCLICAL BEHAVIOR OF PRICES
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (11)
    See also Journal Article in Journal of Monetary Economics (1991)

Journal Articles

2012

1. Aggregate hours worked in OECD countries: New measurement and implications for business cycles
   Journal of Monetary Economics, 2012, 59, (1), 40-56 View citations (2)
   See also Working Paper (2011)

2011

2. Discussion of goodfriend
   Journal of Monetary Economics, 2011, 58, (1), 13-16

2010

3. Capital Flows and Macroeconomic Performance: Lessons from the Golden Era of International Finance
   American Economic Review, 2010, 100, (2), 68-72
4. DOES NEOCLASSICAL THEORY ACCOUNT FOR THE EFFECTS OF BIG FISCAL SHOCKS? EVIDENCE FROM WORLD WAR II
   International Economic Review, 2010, 51, (2), 509-532 View citations (1)
   See also Working Paper (2008)
5. The Economic Crisis from a Neoclassical Perspective
   Journal of Economic Perspectives, 2010, 24, (4), 45-66 View citations (17)
6. Understanding Economic Crises: The Great Depression and the 2008 Recession
   The Economic Record, 2010, 86, (s1), 2-6 View citations (1)

2009

7. Introduction to dynamic general equilibrium
   Journal of Economic Theory, 2009, 144, (6), 2235-2246
8. What - or who - started the great depression?
   Journal of Economic Theory, 2009, 144, (6), 2310-2335 View citations (3)
   See also Working Paper (2009)

2008

9. Back to the future with Keynes
   Quarterly Review, 2008, (Jul), 10-16 View citations (1)
10. Long-term changes in labor supply and taxes: Evidence from OECD countries, 1956-2004
    Journal of Monetary Economics, 2008, 55, (8), 1353-1362 View citations (30)
    See also Working Paper (2006)

2007

11. Commentary on "Model fit and model selection"
    Review, 2007, (Jul), 361-370
12. Why have business cycle fluctuations become less volatile?
    Economic Theory, 2007, 32, (1), 43-58 View citations (22)
    See also Working Paper (2006)
13. Work and taxes: allocation of time in OECD countries
    Economic Review, 2007, (Q III), 37-58 View citations (2)

2006

14. Latin America in the rearview mirror
    Quarterly Review, 2006, (Sep) View citations (14)
    Also in Journal of Monetary Economics, 2005, 52, (1), 69-107 (2005) View citations (19)
    See also Working Paper (2004)

2005

15. Monetary policy and learning
    Review of Economic Dynamics, 2005, 8, (2), 257-261

2004

16. New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis
    Journal of Political Economy, 2004, 112, (4), 779-816 View citations (82)
    See also Working Paper (2001)
17. Trend-reverting fluctuations in the life-cycle model
    Journal of Economic Theory, 2004, 119, (2), 334-356 View citations (12)
    See also Working Paper (2001)

2002

18. Shrinking money: the demand for money and the nonneutrality of money
    Journal of Monetary Economics, 2002, 49, (4), 653-686 View citations (7)
19. The Great U.K. Depression: A Puzzle and Possible Resolution
    Review of Economic Dynamics, 2002, 5, (1), 19-44 View citations (12)
    See also Working Paper (2001)
    Working Paper (2002)
20. The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory
    American Economic Review, 2002, 92, (2), 28-32 View citations (21)
21. UNIT ROOTS, TREND BREAKS, AND TRANSITORY DYNAMICS: A MACROECONOMIC PERSPECTIVE
    Macroeconomic Dynamics, 2002, 6, (05), 614-632 View citations (4)
    See also Working Paper (1999)
22. Why did productivity fall so much during the Great Depression?
    Quarterly Review, 2002, (Spr) View citations (3)
    Also in American Economic Review, 2001, 91, (2), 34-38 (2001) View citations (34)
    See also Working Paper (2001)

2001

23. Are Phillips curves useful for forecasting inflation?
    Quarterly Review, 2001, (Win), 2-11 View citations (151)

2000

24. Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis
    Econometrica, 2000, 68, (5), 1029-1054 View citations (306)
    See also Working Paper (1997)
25. EconomicDynamics Interviews Lee Ohanian on the Great Depression
    EconomicDynamics Newsletter, 2000, 1, (2) View citations (1)

1999

26. Aggregate returns to scale: why measurement is imprecise
    Quarterly Review, 1999, (Sum), 19-28 View citations (11)
27. The Defining Moment: A Review Essay
    Journal of Political Economy, 1999, 107, (1), 178-185
    See also Working Paper (1998)
28. The Great Depression in the United States from a neoclassical perspective
    Quarterly Review, 1999, (Win), 2-24 View citations (106)

1998

29. Dynamic Equilibrium Economies: A Framework for Comparing Models and Data
    Review of Economic Studies, 1998, 65, (3), 433-51 View citations (58)
    See also Working Paper (1998)

1997

30. How capital taxes harm economic growth: Britain versus the United States
    Business Review, 1997, (Jul), 17-27
31. Postwar British Economic Growth and the Legacy of Keynes
    Journal of Political Economy, 1997, 105, (3), 439-72 View citations (25)
32. Short-Run Independence of Monetary Policy under Pegged Exchange Rates and Effects of Money on Exchange Rates and Interest Rates
    Journal of Money, Credit and Banking, 1997, 29, (4), 783-806 View citations (4)
    Also in Proceedings, 1997, 783-814 (1997) View citations (7)
    See also Working Paper (1993)
33. The Macroeconomic Effects of War Finance in the United States: World War II and the Korean War
    American Economic Review, 1997, 87, (1), 23-40 View citations (53)

1996

34. Are data on industry evolution and gross job turnover relevant for macroeconomics?
    Carnegie-Rochester Conference Series on Public Policy, 1996, 44, (1), 215-239 View citations (34)
35. When the bubble bursts: psychology or fundamentals?
    Business Review, 1996, (Jan), 3-13 View citations (1)

1995

36. The Effects of Real and Monetary Shocks in a Business Cycle Model with Some Sticky Prices
    Journal of Money, Credit and Banking, 1995, 27, (4), 1209-34 View citations (34)
    Also in Proceedings, 1994, 1209-1240 (1994) View citations (6)

1994

37. Short-run effects on money when some prices are sticky
    Economic Quarterly, 1994, (Sum), 1-24 View citations (10)

1993

38. The impact of stochastic and deterministic trends on money-output causality: A multi-country investigation (Vol. 45, No. 3 (1990) pp. 291-308)
    Journal of Econometrics, 1993, 58, (3), 405-405

1991

39. A Note on Spurious Inference in a Linearly Detrended Vector Autoregression
    The Review of Economics and Statistics, 1991, 73, (3), 568-71
40. The cyclical behavior of prices
    Journal of Monetary Economics, 1991, 28, (1), 25-60 View citations (66)
    See also Working Paper (1989)

1990

41. The impact of stochastic and deterministic trends on money-output causality: A multi-country investigation
    Journal of Econometrics, 1990, 45, (3), 291-308 View citations (11)

1988

42. The spurious effects of unit roots on vector autoregressions: A Monte Carlo study
    Journal of Econometrics, 1988, 39, (3), 251-266 View citations (23)

Edited books

2012

1. Government Policies and the Delayed Economic Recovery
   Books, Hoover Institution, Stanford University

Chapters

2012

1. Introduction
   A chapter in Government Policies and the Delayed Economic Recovery, 2012 View citations (4)
2. Why the U.S. Economy Has Failed to Recover and What Policies Will Promote Growth
   Chapter 7 in Government Policies and the Delayed Economic Recovery, 2012

2011

3. Comment on "What Fiscal Policy is Effective at Zero Interest Rates?"
   A chapter in NBER Macroeconomics Annual 2010, Volume 25, 2011, pp 125-137

2001

4. Re-Examining the Contributions of Money and Banking Shocks to the U.S. Great Depression
   A chapter in NBER Macroeconomics Annual 2000, Volume 15, 2001, pp 183-260 View citations (1)
   See also Working Paper (2000)