Details about Charles Carlstrom

This author is deceased (2016-01-15).

Access statistics for papers by Charles Carlstrom.

Last updated 2023-02-17. Update your information in the RePEc Author Service.

Short-id: pca42

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Working Papers

2015

1. Macro Credit Policy and the Financial Accelerator
   Working Papers (Old Series), Federal Reserve Bank of Cleveland
   See also Journal Article Macro Credit Policy and the Financial Accelerator, Journal of Money, Credit and Banking, Blackwell Publishing (2016) (2016)

2014

2. Optimal Contracts, Aggregate Risk, and the Financial Accelerator
   Working Papers (Old Series), Federal Reserve Bank of Cleveland
   Also in Bank of England working papers, Bank of England (2014) View citations (5)
   See also Journal Article Optimal Contracts, Aggregate Risk, and the Financial Accelerator, American Economic Journal: Macroeconomics, American Economic Association (2016) View citations (23) (2016)
3. Targeting Long Rates in a Model with Segmented Markets
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (5)
   See also Journal Article Targeting Long Rates in a Model with Segmented Markets, American Economic Journal: Macroeconomics, American Economic Association (2017) View citations (95) (2017)

2013

4. Estimating Contract Indexation in a Financial Accelerator Model
   Documentos de Investigación - Research Papers, CEMLA View citations (11)
   Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2013) View citations (1)
   See also Journal Article Estimating contract indexation in a Financial Accelerator Model, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (22) (2014)
5. Policy multipliers under an interest rate peg of deterministic versus stochastic duration
   Bank of England working papers, Bank of England View citations (2)
6. Privately optimal contracts and suboptimal outcomes in a model of agency costs
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
   Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2012) View citations (1)

2012

7. Fiscal multipliers under an interest rate peg of deterministic vs. stochastic duration
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (6)
   Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2012) View citations (6)
8. How inflationary is an extended period of low interest rates?
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (11)
9. Inflation and output in New Keynesian models with a transient interest rate peg
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (19)
   Also in Bank of England working papers, Bank of England (2012) View citations (47)

2011

10. Indexed debt contracts and the financial accelerator
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)

2007

11. Inflation persistence, inflation targeting and the Great Moderation
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)

2006

12. Central bank independence and inflation: a note
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (4)
    See also Journal Article CENTRAL BANK INDEPENDENCE AND INFLATION: A NOTE, Economic Inquiry, Western Economic Association International (2009) View citations (34) (2009)
13. Co-movement in sticky price models with durable goods
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (30)

2005

14. Oil prices, monetary policy, and counterfactual experiments
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)
    See also Journal Article Oil Prices, Monetary Policy, and Counterfactual Experiments, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (62) (2006)

2004

15. Asset prices, nominal rigidities, and monetary policy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
    See also Journal Article Asset Prices, Nominal Rigidities, and Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2007) View citations (87) (2007)
16. Thinking about monetary policy without money: a review of three books: Inflation Targeting, Monetary Theory and Policy, and Interest and Prices
    Working Papers (Old Series), Federal Reserve Bank of Cleveland

2003

17. Capital trading, stock trading, and the inflation tax on equity: a note
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
    See also Journal Article Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2003) View citations (1) (2003)
18. Comments on backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
19. Does It Matter (for Equilibrium Determinacy) What Price Index the Central Bank Targets?
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (10)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2002) View citations (9)
    See also Journal Article Does it matter (for equilibrium determinacy) what price index the central bank targets?, Journal of Economic Theory, Elsevier (2006) View citations (40) (2006)
20. Investment and interest rate policy: a discrete time analysis
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (16)
    See also Journal Article Investment and interest rate policy: a discrete time analysis, Journal of Economic Theory, Elsevier (2005) View citations (121) (2005)

2002

21. Imperfect capital markets and nominal wage rigidities
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)

2001

22. Learning and the central bank
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (11)
    See also Journal Article Learning and the central bank, Journal of Monetary Economics, Elsevier (2004) View citations (28) (2004)
23. Monetary policy in a world without perfect capital markets
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (4)
24. Real indeterminacy in monetary models with nominal interest rate distortions: the problem with inflation targets
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (5)
    See also Journal Article Real Indeterminacy in Monetary Models with Nominal Interest Rate Distortions, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2001) View citations (42) (2001)
25. Taylor rules in a model that satisfies the natural rate hypothesis
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (7)
    See also Journal Article Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis, American Economic Review, American Economic Association (2002) View citations (10) (2002)
26. Timing and real indeterminacy in monetary models
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (180)
    See also Journal Article Timing and real indeterminacy in monetary models, Journal of Monetary Economics, Elsevier (2001) View citations (179) (2001)

2000

27. Forward-looking versus backward-looking Taylor rules
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (62)
28. Monetary shocks, agency costs, and business cycles
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (9)
    See also Journal Article Monetary shocks, agency costs, and business cycles, Carnegie-Rochester Conference Series on Public Policy, Elsevier (2001) View citations (46) (2001)
29. Money growth rules and price level determinacy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)
    See also Journal Article Money Growth Rules and Price Level Determinacy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2003) View citations (31) (2003)
30. Optimal Monetary Policy in a Small Open Economy: A General Equilibrium Analysis
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (4)
    Also in Working Papers, London School of Economics - Centre for Labour Economics (1999) View citations (4)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (1999) View citations (10)
    See also Chapter Optimal Monetary Policy in a Small, Open Economy: A General Equilibrium Analysis, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2002) View citations (3) (2002)

1998

31. Price-level and interest-rate targeting in a model with sticky prices
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (10)

1996

32. Agency costs, net worth, and business fluctuations: a computable general equilibrium analysis
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (10)
    See also Journal Article Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium Analysis, American Economic Review, American Economic Association (1997) View citations (1055) (1997)
33. Marginal tax rates and income inequality in a life-cycle model
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (6)
    See also Journal Article Marginal Tax Rates and Income Inequality in a Life-Cycle Model, American Economic Review, American Economic Association (1999) View citations (45) (1999)

1995

34. Computable general-equilibrium models and monetary policy advice
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (9)
    See also Journal Article Computable General Equilibrium Models and Monetary Policy Advice, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (15) (1995)
35. Interest rate rules vs. money growth rules: a welfare comparison in a cash-in-advance economy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (64)
    See also Journal Article Interest rate rules vs. money growth rules a welfare comparison in a cash-in-advance economy, Journal of Monetary Economics, Elsevier (1995) View citations (74) (1995)
36. Marginal tax rates and income inequality: a quantitative-theoretic analysis
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (3)

1993

37. Loan sales as a response to market-based capital constraints
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (11)
    See also Journal Article Loan sales as a response to market-based capital constraints, Journal of Banking & Finance, Elsevier (1995) View citations (45) (1995)

1992

38. The efficiency and welfare effects of tax reform: are fewer tax brackets better than more?
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992)
    See also Journal Article The efficiency and welfare effects of tax reform: are fewer tax brackets better than more?, Economic Review, Federal Reserve Bank of Cleveland (1994) View citations (1) (1994)

1991

39. Bracket creep in the age of indexing: have we solved the problem?
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (12)
40. Inflation, personal taxes, and real output: a dynamic analysis
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (19)
    See also Journal Article Inflation, Personal Taxes, and Real Output: A Dynamic Analysis, Journal of Money, Credit and Banking, Blackwell Publishing (1991) View citations (20) (1991)
41. Magnification effects and acyclical real wages
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
42. Zero inflation: transition costs and shoe-leather benefits
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (5)
    See also Journal Article ZERO INFLATION: TRANSITION COSTS AND SHOE LEATHER BENEFITS, Contemporary Economic Policy, Western Economic Association International (1993) View citations (5) (1993)

1990

43. Inflation and the personal tax code: assessing indexation
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)

1989

44. A two-sector implicit contracting model with procyclical quits and involuntary layoffs
    Working Papers (Old Series), Federal Reserve Bank of Cleveland

1988

45. Money, inflation and sectoral shifts
    Working Papers (Old Series), Federal Reserve Bank of Cleveland

1987

46. Implicit contracts, on-the-job search and involuntary unemployment
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
47. Monetary policy in an economy with nominal wage contracts
    Working Papers (Old Series), Federal Reserve Bank of Cleveland
48. Turnover wages and adverse selection
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)
    See also Journal Article Turnover, wages, and adverse selection, Economic Review, Federal Reserve Bank of Cleveland (1989) (1989)

Journal Articles

2017

1. Targeting Long Rates in a Model with Segmented Markets
   American Economic Journal: Macroeconomics, 2017, 9, (1), 205-42 View citations (95)
   See also Working Paper Targeting Long Rates in a Model with Segmented Markets, Working Papers (Old Series) (2014) View citations (5) (2014)

2016

2. Macro Credit Policy and the Financial Accelerator
   Journal of Money, Credit and Banking, 2016, 48, (8), 1725-1751
   See also Working Paper Macro Credit Policy and the Financial Accelerator, Working Papers (Old Series) (2015) (2015)
3. Optimal Contracts, Aggregate Risk, and the Financial Accelerator
   American Economic Journal: Macroeconomics, 2016, 8, (1), 119-47 View citations (23)
   See also Working Paper Optimal Contracts, Aggregate Risk, and the Financial Accelerator, Working Papers (Old Series) (2014) (2014)
4. The Natural Rate of Interest in Taylor Rules
   Economic Commentary, 2016, (March) View citations (8)

2015

5. Do Forecasters Agree on a Taylor Rule?
   Economic Commentary, 2015, (September) View citations (5)

2014

6. Adding Double Inertia to Taylor Rules to Improve Accuracy
   Economic Commentary, 2014, (May) View citations (2)
7. Estimating contract indexation in a Financial Accelerator Model
   Journal of Economic Dynamics and Control, 2014, 46, (C), 130-149 View citations (22)
   See also Working Paper Estimating Contract Indexation in a Financial Accelerator Model, Documentos de Investigación - Research Papers (2013) View citations (11) (2013)
8. Fiscal Multipliers under an Interest Rate Peg of Deterministic versus Stochastic Duration
   Journal of Money, Credit and Banking, 2014, 46, (6), 1293-1312 View citations (38)
9. Using an Improved Taylor Rule to Predict When Policy Changes Will Occur
   Economic Commentary, 2014, (March) View citations (4)

2012

10. Gaps versus growth rates in the Taylor Rule
    Economic Commentary, 2012, 2012, (17), 4 View citations (2)

2010

11. Monetary policy in a world with interest on reserves
    Economic Commentary, 2010, (Jun) View citations (1)
12. NOMINAL RIGIDITIES, RESIDENTIAL INVESTMENT, AND ADJUSTMENT COSTS
    Macroeconomic Dynamics, 2010, 14, (1), 136-148 View citations (34)
13. Optimal Monetary Policy in a Model with Agency Costs
    Journal of Money, Credit and Banking, 2010, 42, (s1), 37-70 View citations (12)
    Also in Journal of Money, Credit and Banking, 2010, 42, (s1), 37-70 (2010) View citations (87)

2009

14. CENTRAL BANK INDEPENDENCE AND INFLATION: A NOTE
    Economic Inquiry, 2009, 47, (1), 182-186 View citations (34)
    See also Working Paper Central bank independence and inflation: a note, Working Papers (Old Series) (2006) View citations (4) (2006)
15. Conducting monetary policy when interest rates are near zero
    Economic Commentary, 2009, (Oct) View citations (1)
16. Inflation Persistence, Monetary Policy, and the Great Moderation
    Journal of Money, Credit and Banking, 2009, 41, (4), 767-786 View citations (7)
    Also in Journal of Money, Credit and Banking, 2009, 41, (4), 767-786 (2009) View citations (32)
17. Monetary policy shocks, Choleski identification, and DNK models
    Journal of Monetary Economics, 2009, 56, (7), 1014-1021 View citations (56)

2008

18. Explaining apparent changes in the Phillips curve: the Great Moderation and monetary policy
    Economic Commentary, 2008, (Feb) View citations (11)
19. Explaining apparent changes in the Phillips curve: trend inflation isn't constant
    Economic Commentary, 2008, (Jan) View citations (3)
20. Inertial Taylor rules: the benefit of signaling future policy
    Review, 2008, 90, (May), 193-203 View citations (4)
    Also in Policy Discussion Papers, 2007, (Apr) (2007) View citations (3)

2007

21. Asset Prices, Nominal Rigidities, and Monetary Policy
    Review of Economic Dynamics, 2007, 10, (2), 256-275 View citations (87)
    See also Working Paper Asset prices, nominal rigidities, and monetary policy, Working Papers (Old Series) (2004) View citations (3) (2004)

2006

22. Central bank independence: the key to price stability?
    Economic Commentary, 2006, (Sep) View citations (2)
23. Does it matter (for equilibrium determinacy) what price index the central bank targets?
    Journal of Economic Theory, 2006, 128, (1), 214-231 View citations (40)
    See also Working Paper Does It Matter (for Equilibrium Determinacy) What Price Index the Central Bank Targets?, Boston College Working Papers in Economics (2003) View citations (10) (2003)
24. Milton Friedman, teacher, 1912-2006
    Economic Commentary, 2006, (Dec) View citations (1)
25. Oil Prices, Monetary Policy, and Counterfactual Experiments
    Journal of Money, Credit and Banking, 2006, 38, (7), 1945-1958 View citations (62)
    See also Working Paper Oil prices, monetary policy, and counterfactual experiments, Working Papers (Old Series) (2005) View citations (7) (2005)

2005

26. Considerable period of time: the case of signaling future policy
    Economic Commentary, 2005, (Nov) View citations (3)
27. Introduction to monetary policy and capital accumulation
    Journal of Economic Theory, 2005, 123, (1), 1-3 View citations (5)
28. Investment and interest rate policy: a discrete time analysis
    Journal of Economic Theory, 2005, 123, (1), 4-20 View citations (121)
    See also Working Paper Investment and interest rate policy: a discrete time analysis, Working Papers (Old Series) (2003) View citations (16) (2003)
29. Oil prices, monetary policy, and the macroeconomy
    Economic Commentary, 2005, (Jul) View citations (5)
    Also in Policy Discussion Papers, 2005, (Apr) (2005) View citations (7)

2004

30. Comments on "Optimal fiscal and monetary policy under imperfect competition"
    Journal of Macroeconomics, 2004, 26, (2), 219-222 View citations (1)
31. Expected inflation and TIPS
    Economic Commentary, 2004, (Nov) View citations (7)
32. Hyperinflationary Equilibria and Timing: A Note
    Journal of Money, Credit and Banking, 2004, 36, (6), 1115-20
33. Learning and the central bank
    Journal of Monetary Economics, 2004, 51, (2), 327-338 View citations (28)
    See also Working Paper Learning and the central bank, Working Papers (Old Series) (2001) View citations (11) (2001)
34. Thinking about Monetary Policy without Money
    International Finance, 2004, 7, (2), 325-347 View citations (9)

2003

35. Capital Trading, Stock Trading, and the Inflation Tax on Equity: A Note
    Review of Economic Dynamics, 2003, 6, (4), 987-990 View citations (1)
    See also Working Paper Capital trading, stock trading, and the inflation tax on equity: a note, Working Papers (Old Series) (2003) View citations (2) (2003)
36. Money Growth Rules and Price Level Determinacy
    Review of Economic Dynamics, 2003, 6, (2), 263-275 View citations (31)
    See also Working Paper Money growth rules and price level determinacy, Working Papers (Old Series) (2000) View citations (3) (2000)
37. The Taylor rule: a guidepost for monetary policy?
    Economic Commentary, 2003, (Jul) View citations (7)

2002

38. Monetary policy rules and stability: inflation targeting versus price-level targeting
    Economic Commentary, 2002, (Feb) View citations (4)
39. Stock prices and output growth: an examination of the credit channel
    Economic Commentary, 2002, (Aug) View citations (7)
40. Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis
    American Economic Review, 2002, 92, (2), 79-84 View citations (10)
    See also Working Paper Taylor rules in a model that satisfies the natural rate hypothesis, Working Papers (Old Series) (2001) View citations (7) (2001)

2001

41. Monetary policy and asset prices with imperfect credit markets
    Economic Review, 2001, (Q IV), 51-59 View citations (4)
42. Monetary policy and self-fulfilling expectations: the danger of forecasts
    Economic Review, 2001, (Q I), 9-19 View citations (7)
43. Monetary shocks, agency costs, and business cycles
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 1-27 View citations (46)
    See also Working Paper Monetary shocks, agency costs, and business cycles, Working Papers (Old Series) (2000) View citations (9) (2000)
44. Perils of price deflations: an analysis of the Great Depression
    Economic Commentary, 2001, (Feb)
45. Real Indeterminacy in Monetary Models with Nominal Interest Rate Distortions
    Review of Economic Dynamics, 2001, 4, (4), 767-789 View citations (42)
    See also Working Paper Real indeterminacy in monetary models with nominal interest rate distortions: the problem with inflation targets, Working Papers (Old Series) (2001) View citations (5) (2001)
46. Timing and real indeterminacy in monetary models
    Journal of Monetary Economics, 2001, 47, (2), 285-298 View citations (179)
    See also Working Paper Timing and real indeterminacy in monetary models, Working Papers (Old Series) (2001) View citations (180) (2001)

2000

47. The fiscal theory of the price level
    Economic Review, 2000, (Q I), 22-32 View citations (34)

1999

48. Forecasts and sunspots: looking back for a better future
    Economic Commentary, 1999, (Nov) View citations (3)
49. Marginal Tax Rates and Income Inequality in a Life-Cycle Model
    American Economic Review, 1999, 89, (5), 1197-1215 View citations (45)
    See also Working Paper Marginal tax rates and income inequality in a life-cycle model, Working Papers (Old Series) (1996) View citations (6) (1996)
50. Money growth and inflation: does fiscal policy matter?
    Economic Commentary, 1999, (Apr) View citations (11)

1998

51. A Note on the Role of Countercyclical Monetary Policy
    Journal of Political Economy, 1998, 106, (4), 860-889 View citations (16)
52. Agency costs and business cycles
    Economic Theory, 1998, 12, (3), 583-597 View citations (95)
53. Government-subsidized training: a plan for prosperity?
    Economic Commentary, 1998, (May)
54. Regional variations in white-black earnings
    Economic Review, 1998, 34, (Q II), 10-22 View citations (2)

1997

55. Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium Analysis
    American Economic Review, 1997, 87, (5), 893-910 View citations (1055)
    See also Working Paper Agency costs, net worth, and business fluctuations: a computable general equilibrium analysis, Working Papers (Old Series) (1996) View citations (10) (1996)

1996

56. Interest rate rules for seasonal and business cycles
    Economic Commentary, 1996, (Jul) View citations (1)
57. The benefits of interest rate targeting: a partial and a general equilibrium analysis
    Economic Review, 1996, (Q II), 2-14 View citations (1)

1995

58. A conference on liquidity, monetary policy, and financial intermediation
    Economic Review, 1995, (Q IV), 2-9
59. A monetary policy paradox
    Economic Commentary, 1995, (Aug) View citations (3)
60. Absolute priority rule violations in bankruptcy
    Economic Review, 1995, (Q IV), 21-30 View citations (10)
61. Computable General Equilibrium Models and Monetary Policy Advice
    Journal of Money, Credit and Banking, 1995, 27, (4), 1472-93 View citations (15)
    Also in Proceedings, 1994, 1472-1505 (1994) View citations (1)
    See also Working Paper Computable general-equilibrium models and monetary policy advice, Working Papers (Old Series) (1995) View citations (9) (1995)
62. Interest rate rules vs. money growth rules a welfare comparison in a cash-in-advance economy
    Journal of Monetary Economics, 1995, 36, (2), 247-267 View citations (74)
    See also Working Paper Interest rate rules vs. money growth rules: a welfare comparison in a cash-in-advance economy, Working Papers (Old Series) (1995) View citations (64) (1995)
63. Liquidity, Monetary Policy, and Financial Intermediation: Introduction
    Journal of Money, Credit and Banking, 1995, 27, (4), 1199-1208
64. Loan sales as a response to market-based capital constraints
    Journal of Banking & Finance, 1995, 19, (3-4), 627-646 View citations (45)
    See also Working Paper Loan sales as a response to market-based capital constraints, Working Papers (Old Series) (1993) View citations (11) (1993)

1994

65. The economics of health care reform
    Economic Commentary, 1994, (Sep)
66. The efficiency and welfare effects of tax reform: are fewer tax brackets better than more?
    Economic Review, 1994, 30, (Q IV), 30-42 View citations (1)
    See also Working Paper The efficiency and welfare effects of tax reform: are fewer tax brackets better than more?, Working Papers (Old Series) (1992) (1992)
67. The government's role in the health care industry: past, present, and future
    Economic Commentary, 1994, (Jun)

1993

68. Enterprise liability: a prescription for health care reform?
    Economic Commentary, 1993, (Jul)
69. Examining the microfoundations of market incentives for asset-backed lending
    Economic Review, 1993, 29, (Q I), 27-38 View citations (2)
70. Using bracket creep to raise revenue: a bad idea whose time has passed
    Economic Review, 1993, 29, (Q II), 2-11 View citations (8)
71. ZERO INFLATION: TRANSITION COSTS AND SHOE LEATHER BENEFITS
    Contemporary Economic Policy, 1993, 11, (1), 9-17 View citations (5)
    See also Working Paper Zero inflation: transition costs and shoe-leather benefits, Working Papers (Old Series) (1991) View citations (5) (1991)

1992

72. Securitization: more than just a regulatory artifact
    Economic Commentary, 1992, (May) View citations (1)

1991

73. A conference on price stability
    Economic Review, 1991, 27, (Q IV), 2-9 View citations (1)
74. Government consumption, taxation, and economic activity
    Economic Review, 1991, 27, (Q III), 18-29 View citations (7)
75. Inflation, Personal Taxes, and Real Output: A Dynamic Analysis
    Journal of Money, Credit and Banking, 1991, 23, (3), 547-71 View citations (20)
    Also in Proceedings, 1991, 547-579 (1991) View citations (20)
    See also Working Paper Inflation, personal taxes, and real output: a dynamic analysis, Working Papers (Old Series) (1991) View citations (19) (1991)
76. The effect of war expenditures on U.S. output
    Economic Commentary, 1991, (Feb)

1990

77. Does the Fed cause Christmas?
    Economic Commentary, 1990, (Jan) View citations (2)

1989

78. Turnover, wages, and adverse selection
    Economic Review, 1989, 25, (Q I), 18-28
    See also Working Paper Turnover wages and adverse selection, Working Papers (Old Series) (1987) View citations (1) (1987)
79. Why we don't know whether money causes output
    Economic Review, 1989, 25, (Q III), 27-39 View citations (1)

1988

80. Bank runs, deposit insurance, and bank regulation, part I
    Economic Commentary, 1988, (Feb)
    Also in Economic Commentary, 1988, (Feb) (1988)

Chapters

2002

1. Optimal Monetary Policy in a Small, Open Economy: A General Equilibrium Analysis
   Chapter 10 in Monetary Policy: Rules and Transmission Mechanisms, 2002, vol. 4, pp 275-298 View citations (3)
   See also Working Paper Optimal Monetary Policy in a Small Open Economy: A General Equilibrium Analysis, Central Bank of Chile (2000) View citations (4) (2000)