Details about Andrew Abel

Homepage:	http://finance.wharton.upenn.edu/~abel
Workplace:	Finance Department, Wharton School of Business, University of Pennsylvania, (more information at EDIRC)

Access statistics for papers by Andrew Abel.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pab10

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Working Papers

2024

1. Optimal Financing of Government Purchases
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

2. Running Primary Deficits Forever in a Dynamically Efficient Economy: Feasibility and Optimality
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2020

3. An Analytic Framework For Interpreting Investment Regressions In The Presence Of Financial Constraints
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
4. Precautionary Saving in a Financially-Constrained Firm
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
5. Social Distancing, Vaccination and the Paradoxical Optimality of an Endemic Equilibrium
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)

2015

6. Crowding Out in Ricardian Economies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
7. Optimal Debt and Profitability in the Tradeoff Theory
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
8. The Analytics of Investment, q, and Cash Flow
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2011

9. Optimal Inattention to the Stock Market with Information Costs and Transactions Costs
   2011 Meeting Papers, Society for Economic Dynamics View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (32)

2010

10. Asset prices under habit formation and catching up with the Jones
    Levine's Working Paper Archive, David K. Levine View citations (6)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1219)
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research (1990) View citations (1266)
    NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (1324)
    See also Journal Article Asset Prices under Habit Formation and Catching Up with the Joneses, American Economic Review, American Economic Association (1990) View citations (1367) (1990)

2007

11. Optimal Capital Income Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)

2006

12. Equity Premia with Benchmark Levels of Consumption: Closed-Form Results
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2004

13. Q Theory Without Adjustment Costs & Cash Flow Effects Without Financing Constraints
    2004 Meeting Papers, Society for Economic Dynamics View citations (31)

2003

14. Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)

2002

15. The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2002) View citations (24)
    See also Journal Article The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security, Econometrica, Econometric Society (2003) View citations (162) (2003)

2001

16. An Exploration of the Effects of Pessimism and Doubt on Asset Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2001) View citations (8)
    See also Journal Article An exploration of the effects of pessimism and doubt on asset returns, Journal of Economic Dynamics and Control, Elsevier (2002) View citations (97) (2002)
17. On the Invariance of the Rate of Return to Convex Adjustment Costs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (2)
    See also Journal Article On the Invariance of the Rate of Return to Convex Adjustment Costs, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (10) (2002)
18. Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (136)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2001) View citations (135)
    See also Journal Article Will Bequests Attenuate The Predicted Meltdown In Stock Prices When Baby Boomers Retire?, The Review of Economics and Statistics, MIT Press (2001) View citations (136) (2001)

2000

19. The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (3)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (6)
    See also Journal Article The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks, American Economic Review, American Economic Association (2001) View citations (40) (2001)

1999

20. The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (16)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)
    See also Chapter The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation, NBER Chapters, National Bureau of Economic Research, Inc (2001) View citations (11) (2001)

1998

21. Risk Premia and Term Premia in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article Risk premia and term premia in general equilibrium, Journal of Monetary Economics, Elsevier (1999) View citations (354) (1999)

1997

22. The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article The mix and scale of factors with irreversibility and fixed costs of investment, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1998) View citations (38) (1998)

1995

23. Optimal Investment with Costly Reversibility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
24. Options, the Value of Capital, and Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Sloan School of Management (1995) View citations (14)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (145)
25. The Effects of Irreversibility and Uncertainty on Capital Accumulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (16)
    See also Journal Article The effects of irreversibility and uncertainty on capital accumulation, Journal of Monetary Economics, Elsevier (1999) View citations (112) (1999)

1993

26. A Unified Model of Investment Under Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (37)
    See also Journal Article A Unified Model of Investment under Uncertainty, American Economic Review, American Economic Association (1994) View citations (435) (1994)
27. An Exact Soultion for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (10)

1992

28. Exact Solutions for Expected Rates of Return Under Markov Regime Switching: Implications for the Equity Premium Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (4)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (5)
    See also Journal Article Exact Solutions for Expected Rates of Return under Markov Regime Switching: Implications for the Equity Premium Puzzle, Journal of Money, Credit and Banking, Blackwell Publishing (1994) View citations (28) (1994)

1990

29. FINANCING LOSERS IN COMPETITIVE MARKETS
    Weiss Center Working Papers, Wharton School - Weiss Center for International Financial Research
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
    See also Journal Article Financing Losers in Competitive Markets, Journal of Financial Intermediation, Elsevier (1994) View citations (2) (1994)

1989

30. Birth, Death and Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (7)
    See also Journal Article Birth, death and taxes, Journal of Public Economics, Elsevier (1989) View citations (4) (1989)

1988

31. Consumption and Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    See also Chapter Consumption and investment, Handbook of Monetary Economics, Elsevier (1990) View citations (57) (1990)
32. Does the Consumption of Different Age Groups Move Together? A New Nonparametric Test of Intergenerational Altruism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
33. Fiscal Policy With Impure Intergenerational Altruism
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Fiscal Policy with Impure Intergenerational Altruism, Econometrica, Econometric Society (1991) View citations (23) (1991)
34. Stock Prices Under Time-Varying Dividend Risk: An Exact Solution In An Infinite-Horizon General Equilibrium Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (91)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (91)
    See also Journal Article Stock prices under time-varying dividend risk: An exact solution in an infinite-horizon general equilibrium model, Journal of Monetary Economics, Elsevier (1988) View citations (105) (1988)
35. The Implications of Insurance for the Efficacy of Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (11)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (11)

1987

36. An Analysis of Fiscal Policy Under Operative and Inoperative Bequest Motives
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
37. Operative Gift and Bequest Motives
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (66)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (69)
    See also Journal Article Operative Gift and Bequest Motives, American Economic Review, American Economic Association (1987) View citations (69) (1987)
38. Optimal Monetary Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (54)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (53)
    See also Journal Article Optimal monetary growth, Journal of Monetary Economics, Elsevier (1987) View citations (53) (1987)
39. Specification of the Joy of Giving: Insights from Altruism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (4)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (4)
    See also Journal Article Specification of the Joy of Giving: Insights from Altruism, The Review of Economics and Statistics, MIT Press (1988) View citations (59) (1988)

1986

40. Aggregate Savings in the Presence of Private and Social Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
41. Assessing Dynamic Efficiency: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (179)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
42. Investment and Sales: Some Empirical Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1986) View citations (26)
43. The Failure of Ricardian Equivalence Under Progressive Wealth Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)
    See also Journal Article The failure of Ricardian equivalence under progressive wealth taxation, Journal of Public Economics, Elsevier (1986) View citations (9) (1986)

1985

44. Capital Accumulation and Uncertain Lifetimes with Adverse Selection
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Capital Accumulation and Uncertain Lifetimes with Adverse Selection, Econometrica, Econometric Society (1986) View citations (101) (1986)
45. Dynamic Behavior of Capital Accumulation in a Cash-in-Advance Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (96)
    See also Journal Article Dynamic behavior of capital accumulation in a cash-in-advance model, Journal of Monetary Economics, Elsevier (1985) View citations (106) (1985)
46. Inventories, Stock-Outs, and Production Smoothing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)

1984

47. A Stochastic Model of Investment, Marginal q and the Market Value of theFirm
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article A Stochastic Model of Investment, Marginal q and the Market Value of the Firm, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1985) View citations (56) (1985)
48. Bequests and Social Security With Uncertain Lifetimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

1983

49. The Present Value of Profits and Cyclical Movements in Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Journal Article The Present Value of Profits and Cyclical Movements in Investment, Econometrica, Econometric Society (1986) View citations (298) (1986)

1982

50. An Intertemporal Model of Saving and Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
    See also Journal Article An Intertemporal Model of Saving and Investment, Econometrica, Econometric Society (1983) View citations (161) (1983)

1981

51. An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article An integrated view of tests of rationality, market efficiency and the short-run neutrality of monetary policy, Journal of Monetary Economics, Elsevier (1983) View citations (32) (1983)

1980

52. Accelerated Depreciation and the Efficacy of Temporary Fiscal Policy: Implications for an Inflationary Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Accelerated depreciation and the efficacy of temporary fiscal policy: Implications for an inflationary economy, Journal of Public Economics, Elsevier (1982) View citations (3) (1982)

Undated

53. Asset Prices Under Heterogenous Beliefs: Implications for the Equity Premium
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (20)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (35)
54. Fiscal Policy with Impure Intergenerational Altruism (Reprint 011)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research

Journal Articles

2024

1. Are Zero-Covid Policies Optimal?
   Review of Economic Dynamics, 2024, 53, 47-70

2007

2. Optimal Inattention to the Stock Market
   American Economic Review, 2007, 97, (2), 244-249 View citations (75)

2003

3. The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security
   Econometrica, 2003, 71, (2), 551-578 View citations (162)
   See also Working Paper The Effects of a Baby Boom on Stock Prices and Capital Accumulation in the Presence of Social Security, NBER Working Papers (2002) View citations (5) (2002)

2002

4. An exploration of the effects of pessimism and doubt on asset returns
   Journal of Economic Dynamics and Control, 2002, 26, (7-8), 1075-1092 View citations (97)
   See also Working Paper An Exploration of the Effects of Pessimism and Doubt on Asset Returns, NBER Working Papers (2001) View citations (2) (2001)
5. On the Invariance of the Rate of Return to Convex Adjustment Costs
   Review of Economic Dynamics, 2002, 5, (3), 586-601 View citations (10)
   See also Working Paper On the Invariance of the Rate of Return to Convex Adjustment Costs, NBER Working Papers (2001) View citations (3) (2001)

2001

6. The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
   American Economic Review, 2001, 91, (1), 128-148 View citations (40)
   See also Working Paper The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks, NBER Working Papers (2000) View citations (10) (2000)
7. Will Bequests Attenuate The Predicted Meltdown In Stock Prices When Baby Boomers Retire?
   The Review of Economics and Statistics, 2001, 83, (4), 589-595 View citations (136)
   See also Working Paper Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire?, NBER Working Papers (2001) View citations (136) (2001)

1999

8. Risk premia and term premia in general equilibrium
   Journal of Monetary Economics, 1999, 43, (1), 3-33 View citations (354)
   See also Working Paper Risk Premia and Term Premia in General Equilibrium, NBER Working Papers (1998) View citations (6) (1998)
9. The effects of irreversibility and uncertainty on capital accumulation
   Journal of Monetary Economics, 1999, 44, (3), 339-377 View citations (112)
   See also Working Paper The Effects of Irreversibility and Uncertainty on Capital Accumulation, NBER Working Papers (1995) View citations (26) (1995)

1998

10. The mix and scale of factors with irreversibility and fixed costs of investment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 101-135 View citations (38)
    See also Working Paper The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment, NBER Working Papers (1997) View citations (10) (1997)

1997

11. An exact solution for the investment and value of a firm facing uncertainty, adjustment costs, and irreversibility
    Journal of Economic Dynamics and Control, 1997, 21, (4-5), 831-852 View citations (61)

1994

12. A Unified Model of Investment under Uncertainty
    American Economic Review, 1994, 84, (5), 1369-84 View citations (435)
    See also Working Paper A Unified Model of Investment Under Uncertainty, NBER Working Papers (1993) View citations (17) (1993)
13. Exact Solutions for Expected Rates of Return under Markov Regime Switching: Implications for the Equity Premium Puzzle
    Journal of Money, Credit and Banking, 1994, 26, (3), 345-61 View citations (28)
    See also Working Paper Exact Solutions for Expected Rates of Return Under Markov Regime Switching: Implications for the Equity Premium Puzzle, NBER Working Papers (1992) View citations (5) (1992)
14. Financing Losers in Competitive Markets
    Journal of Financial Intermediation, 1994, 3, (2), 139-165 View citations (2)
    See also Working Paper FINANCING LOSERS IN COMPETITIVE MARKETS, Weiss Center Working Papers (1990) (1990)

1992

15. Can the government roll over its debt forever?
    Business Review, 1992, (Nov), 3-18 View citations (2)

1991

16. Fiscal Policy with Impure Intergenerational Altruism
    Econometrica, 1991, 59, (6), 1687-1711 View citations (23)
    See also Working Paper Fiscal Policy With Impure Intergenerational Altruism, NBER Working Papers (1988) (1988)
17. Some observations on demographics and saving: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1991, 34, (1), 157-162
18. The equity premium puzzle
    Business Review, 1991, (Sep), 3-14 View citations (11)

1990

19. Asset Prices under Habit Formation and Catching Up with the Joneses
    American Economic Review, 1990, 80, (2), 38-42 View citations (1367)
    See also Working Paper Asset prices under habit formation and catching up with the Jones, Levine's Working Paper Archive (2010) View citations (6) (2010)

1989

20. Birth, death and taxes
    Journal of Public Economics, 1989, 39, (1), 1-15 View citations (4)
    See also Working Paper Birth, Death and Taxes, NBER Working Papers (1989) View citations (4) (1989)

1988

21. Specification of the Joy of Giving: Insights from Altruism
    The Review of Economics and Statistics, 1988, 70, (1), 145-49 View citations (59)
    See also Working Paper Specification of the Joy of Giving: Insights from Altruism, NBER Working Papers (1987) View citations (5) (1987)
22. Stock prices under time-varying dividend risk: An exact solution in an infinite-horizon general equilibrium model
    Journal of Monetary Economics, 1988, 22, (3), 375-393 View citations (105)
    See also Working Paper Stock Prices Under Time-Varying Dividend Risk: An Exact Solution In An Infinite-Horizon General Equilibrium Model, NBER Working Papers (1988) View citations (91) (1988)

1987

23. Operative Gift and Bequest Motives
    American Economic Review, 1987, 77, (5), 1037-47 View citations (69)
    See also Working Paper Operative Gift and Bequest Motives, NBER Working Papers (1987) View citations (60) (1987)
24. Optimal monetary growth
    Journal of Monetary Economics, 1987, 19, (3), 437-450 View citations (53)
    See also Working Paper Optimal Monetary Growth, NBER Working Papers (1987) View citations (54) (1987)

1986

25. Capital Accumulation and Uncertain Lifetimes with Adverse Selection
    Econometrica, 1986, 54, (5), 1079-97 View citations (101)
    See also Working Paper Capital Accumulation and Uncertain Lifetimes with Adverse Selection, NBER Working Papers (1985) View citations (2) (1985)
26. The Effect of Annuity Insurance and Savings and Inequality: Comment
    Journal of Labor Economics, 1986, 4, (3), S208-15
27. The Present Value of Profits and Cyclical Movements in Investment
    Econometrica, 1986, 54, (2), 249-73 View citations (298)
    See also Working Paper The Present Value of Profits and Cyclical Movements in Investment, NBER Working Papers (1983) View citations (17) (1983)
28. The failure of Ricardian equivalence under progressive wealth taxation
    Journal of Public Economics, 1986, 30, (1), 117-128 View citations (9)
    See also Working Paper The Failure of Ricardian Equivalence Under Progressive Wealth Taxation, NBER Working Papers (1986) View citations (9) (1986)

1985

29. A Stochastic Model of Investment, Marginal q and the Market Value of the Firm
    International Economic Review, 1985, 26, (2), 305-22 View citations (56)
    See also Working Paper A Stochastic Model of Investment, Marginal q and the Market Value of theFirm, NBER Working Papers (1984) View citations (1) (1984)
30. Dynamic behavior of capital accumulation in a cash-in-advance model
    Journal of Monetary Economics, 1985, 16, (1), 55-71 View citations (106)
    See also Working Paper Dynamic Behavior of Capital Accumulation in a Cash-in-Advance Model, NBER Working Papers (1985) View citations (96) (1985)
31. Precautionary Saving and Accidental Bequests
    American Economic Review, 1985, 75, (4), 777-91 View citations (170)

1984

32. The effects of uncertainty on investment and the expected long-run capital stock
    Journal of Economic Dynamics and Control, 1984, 7, (1), 39-53 View citations (19)

1983

33. An Intertemporal Model of Saving and Investment
    Econometrica, 1983, 51, (3), 675-92 View citations (161)
    See also Working Paper An Intertemporal Model of Saving and Investment, NBER Working Papers (1982) View citations (72) (1982)
34. An integrated view of tests of rationality, market efficiency and the short-run neutrality of monetary policy
    Journal of Monetary Economics, 1983, 11, (1), 3-24 View citations (32)
    See also Working Paper An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy, NBER Working Papers (1981) View citations (15) (1981)
35. Energy Price Uncertainty and Optimal Factor Intensity: A Mean-Variance Analysis
    Econometrica, 1983, 51, (6), 1839-45 View citations (8)
36. On the Econometric Testing of Rationality-Market Efficiency
    The Review of Economics and Statistics, 1983, 65, (2), 318-23 View citations (7)
37. Optimal Investment under Uncertainty
    American Economic Review, 1983, 73, (1), 228-33 View citations (660)

1982

38. Accelerated depreciation and the efficacy of temporary fiscal policy: Implications for an inflationary economy
    Journal of Public Economics, 1982, 19, (1), 23-47 View citations (3)
    See also Working Paper Accelerated Depreciation and the Efficacy of Temporary Fiscal Policy: Implications for an Inflationary Economy, NBER Working Papers (1980) View citations (1) (1980)
39. Dynamic effects of permanent and temporary tax policies in a q model of investment
    Journal of Monetary Economics, 1982, 9, (3), 353-373 View citations (115)

1981

40. Dynamic Adjustment in a Putty-Putty Model: Implications for Testing the Putty-Clay Hypothesis
    International Economic Review, 1981, 22, (1), 19-36 View citations (1)
41. Taxes, Inflation, and the Durability of Capital
    Journal of Political Economy, 1981, 89, (3), 548-60 View citations (12)

1980

42. Empirical investment equations: An integrative framework
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 39-91 View citations (107)
43. Reply to Prescott's comment
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 103-106

1979

44. Money demand during hyperinflation
    Journal of Monetary Economics, 1979, 5, (1), 97-104 View citations (28)

1978

45. Input-output pricing in a Keynesian model as applied to Portugal
    Journal of Development Economics, 1978, 5, (2), 125-138

Chapters

2001

1. The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation
   A chapter in Risk Aspects of Investment-Based Social Security Reform, 2001, pp 153-202 View citations (11)
   See also Working Paper The Social Security Trust Fund, the Riskless Interest Rate, and Capital Accumulation, National Bureau of Economic Research, Inc (1999) View citations (15) (1999)

1990

2. Consumption and investment
   Chapter 14 in Handbook of Monetary Economics, 1990, vol. 2, pp 725-778 View citations (57)
   See also Working Paper Consumption and Investment, National Bureau of Economic Research, Inc (1988) View citations (23) (1988)

1984

3. R&D and the Market Value of the Firm: A Note
   A chapter in R&D, Patents, and Productivity, 1984, pp 261-270 View citations (7)

1975

4. A Comparison of Three Control Algorithms as Applied to the Monetarist-Fiscalist Debate
   A chapter in Annals of Economic and Social Measurement, Volume 4, number 2, 1975, pp 239-252 View citations (3)