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Details about Varadarajan Chari

Postal address:Economics Department University of Minnesota Minneapolis Mn 55455
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 Varadarajan Chari.

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

Short-id: pch40


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Working Papers

2024

  1. Taxation of Capital: Capital Levies and Commitment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2023

  1. On the Efficiency of Competitive Equilibria with Pandemics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2023) Downloads

2022

  1. Appendix for: Optimal Cooperative Taxation in the Global Economy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads

2021

  1. Comment on Iovino, La’O and Mascarenhas, “Optimal Monetary Policy and Disclosure with an Informationally-Constrained Central Banker”
    Staff Report, Federal Reserve Bank of Minneapolis Downloads

2020

  1. The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (27)

    See also Journal Article The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) Downloads View citations (16) (2021)

2019

  1. Optimal Cooperative Taxation in the Global Economy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)

2018

  1. Optimal Capital Taxation Revisited
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2018) Downloads View citations (1)
  2. Ramsey Taxation in the Global Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2017) Downloads
  3. Ramsey Taxation in the Open Economy
    2018 Meeting Papers, Society for Economic Dynamics Downloads
  4. The Role of Uncertainty and Risk in Climate Change Economics
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)

2017

  1. Financialization in Commodity Markets
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (19)
    Working Paper Series, Federal Reserve Bank of Chicago (2017) Downloads View citations (10)
  2. Reforming the European Monetary Union
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads

2016

  1. A Proposal to Eliminate the Distortions Caused by Bailouts
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads
  2. Accounting for Business Cycles
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (40)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (57)

    See also Chapter Accounting for Business Cycles, Handbook of Macroeconomics, Elsevier (2016) Downloads View citations (67) (2016)
  3. Efficiency and Adverse Selection: On the Desirability of Mutual Contracts
    2016 Meeting Papers, Society for Economic Dynamics Downloads
  4. Financial Repression: Evidence and Theory
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads View citations (5)
  5. More on the Optimal Taxation of Capital
    2016 Meeting Papers, Society for Economic Dynamics Downloads View citations (16)

2015

  1. On the Ethics of Redistribution
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads

2014

  1. Rethinking Optimal Currency Areas
    2014 Meeting Papers, Society for Economic Dynamics View citations (3)
  2. The Optimal Extraction of Exhaustible Resources
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads View citations (5)
  3. Too Correlated to Fail
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads View citations (6)

2013

  1. Bailouts, Time Inconsistency, and Optimal Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) Downloads View citations (6)
    Staff Report, Federal Reserve Bank of Minneapolis (2013) Downloads View citations (14)

2012

  1. The \\"banks\\" we do need
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads
  2. What assets should banks be allowed to hold?
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads View citations (3)

2010

  1. Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
  2. Damage control? analyzing policies to repair credit markets
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads View citations (5)
  3. Thoughts on the Federal Reserve System's exit strategy
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads
  4. Time Inconsistency and Free-Riding in a Monetary Union
    Levine's Working Paper Archive, David K. Levine Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (7)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (51)

    See also Journal Article Time Inconsistency and Free-Riding in a Monetary Union, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (52) (2008)

2009

  1. Moral Hazard, Reputation, and Fragility in Credit Markets
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)
  2. On the Fragility of Reputation in Financial Markets
    2009 Meeting Papers, Society for Economic Dynamics
  3. Prizes and Patents: Using Market Signals to Provide Incentives for Innovations
    Levine's Working Paper Archive, David K. Levine Downloads View citations (4)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2009) Downloads View citations (3)

    See also Journal Article Prizes and patents: Using market signals to provide incentives for innovations, Journal of Economic Theory, Elsevier (2012) Downloads View citations (22) (2012)
  4. Sophisticated Monetary Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) Downloads View citations (8)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads

    See also Journal Article Sophisticated Monetary Policies, The Quarterly Journal of Economics, President and Fellows of Harvard College (2010) Downloads View citations (41) (2010)

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 (204)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (40)

    See also Journal Article Are structural VARs with long-run restrictions useful in developing business cycle theory?, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (210) (2008)
  2. Facts and myths about the financial crisis of 2008
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (40)
  3. New Keynesian Models: Not Yet Useful for Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (58)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (27)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (28)

    See also Journal Article New Keynesian Models: Not Yet Useful for Policy Analysis, American Economic Journal: Macroeconomics, American Economic Association (2009) Downloads View citations (306) (2009)
  4. On the Job Training, Limited Commitment and Firing Costs
    2008 Meeting Papers, Society for Economic Dynamics

2007

  1. Comparing alternative representations and alternative methodologies in business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (22)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006) Downloads
  2. On the Optimal Choice of a Monetary Policy Instrument
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (13)
  3. Reply to Solow
    Working Papers, Federal Reserve Bank of Minneapolis Downloads
  4. The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (2)

2006

  1. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (16)
  2. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (29)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (84)
    Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (42)

    See also Journal Article Business Cycle Accounting, Econometrica, Econometric Society (2007) Downloads View citations (575) (2007)
  3. Modern Macroeconomics in Practice: How Theory is Shaping Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (75)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) Downloads View citations (69)

    See also Journal Article Modern Macroeconomics in Practice: How Theory Is Shaping Policy, Journal of Economic Perspectives, American Economic Association (2006) Downloads View citations (72) (2006)

2005

  1. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (79)
  2. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics Downloads View citations (27)
  3. Copyrights, Price Discrimination and Hidden Trading: Lessons from a Ricardian Theory of Innovation
    2005 Meeting Papers, Society for Economic Dynamics
  4. Sudden Stops and Output Drops
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (127)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) Downloads View citations (108)

    See also Journal Article Sudden Stops and Output Drops, American Economic Review, American Economic Association (2005) Downloads View citations (129) (2005)

2004

  1. On the Desirability of Fiscal Constraints in a Monetary Union
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (8)
  2. Strategic Delegation in Monetary Unions
    Working Papers, Barcelona School of Economics Downloads
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2004) Downloads

    See also Journal Article Strategic Delegation in Monetary Unions, Manchester School, University of Manchester (2004) Downloads View citations (1) (2004)

2003

  1. Business Start-ups, the Lock-in Effect, and Capital Gains Taxation
    Levine's Working Paper Archive, David K. Levine Downloads View citations (6)
  2. Expectation traps and monetary policy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (85)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2002) Downloads View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (39)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University Downloads View citations (103)
    Macroeconomics, University Library of Munich, Germany (2002) Downloads View citations (28)

    See also Journal Article Expectation Traps and Monetary Policy, The Review of Economic Studies, Review of Economic Studies Ltd (2003) Downloads View citations (102) (2003)
  3. Financial Crises as Herds: Overturning the Critiques
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (8)

    See also Journal Article Financial crises as herds: overturning the critiques, Journal of Economic Theory, Elsevier (2004) Downloads View citations (100) (2004)
  4. Hot money
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (29)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (8)

    See also Journal Article Hot Money, Journal of Political Economy, University of Chicago Press (2003) Downloads View citations (31) (2003)

2002

  1. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (62)
  2. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (874)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (99)
    Staff Report, Federal Reserve Bank of Minneapolis (1998) Downloads View citations (103)

    See also Journal Article Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?, The Review of Economic Studies, Review of Economic Studies Ltd (2002) Downloads View citations (915) (2002)
  3. On the robustness of herds
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (3)

2001

  1. How Severe is the Time Inconsistency Problem in Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
    See also Journal Article How severe is the time-inconsistency problem in monetary policy?, Quarterly Review, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (11) (2003)

2000

  1. Financial crises as herds
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (17)

1999

  1. Optimal Fiscal and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (473)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) Downloads View citations (15)

    See also Chapter Optimal fiscal and monetary policy, Handbook of Macroeconomics, Elsevier (1999) Downloads View citations (479) (1999)

1998

  1. On the need for fiscal constraints in a monetary union
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (29)
    See also Journal Article On the need for fiscal constraints in a monetary union, Journal of Monetary Economics, Elsevier (2007) Downloads View citations (97) (2007)
  2. 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 (58)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (82)

    See also Journal Article Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?, Econometrica, Econometric Society (2000) View citations (716) (2000)
  3. Sustainable Plans
    Levine's Working Paper Archive, David K. Levine Downloads View citations (30)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) Downloads View citations (4)

    See also Journal Article Sustainable Plans, Journal of Political Economy, University of Chicago Press (1990) Downloads View citations (245) (1990)

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 (70)
  2. The economics of split-ticket voting in representative democracies
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (94)
    See also Journal Article The Economics of Split-Ticket Voting in Representative Democracies, American Economic Review, American Economic Association (1997) Downloads View citations (112) (1997)
  3. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (49)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (99)

1996

  1. Expectation Traps and Discretion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (47)
    Also in Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1996) View citations (9)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (4)

    See also Journal Article Expectation Traps and Discretion, Journal of Economic Theory, Elsevier (1998) Downloads View citations (121) (1998)
  2. Matching Human Capital and Displacement
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
  3. Optimal fiscal policy in a business cycle model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)

1995

  1. Inside Money, Outside Money and Short Term Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (106)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (67)

    See also Journal Article Inside Money, Outside Money, and Short-Term Interest Rates, Journal of Money, Credit and Banking, Blackwell Publishing (1995) Downloads View citations (104) (1995)

1993

  1. A contribution to the theory of pork barrel spending
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (17)
  2. Optimal Fiscal Policy in a Business Cycle Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) Downloads View citations (6)

    See also Journal Article Optimal Fiscal Policy in a Business Cycle Model, Journal of Political Economy, University of Chicago Press (1994) Downloads View citations (403) (1994)
  3. Optimality of the Friedman Rule in Economies with Distorting Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (51)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) Downloads View citations (12)

    See also Journal Article Optimality of the Friedman rule in economies with distorting taxes, Journal of Monetary Economics, Elsevier (1996) Downloads View citations (199) (1996)
  4. Why are representative democracies fiscally irresponsible?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (12)

1991

  1. A reconsideration of the problem of social cost: free riders and monopolists
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (4)
    See also Journal Article A reconsideration of the problem of social cost: Free riders and monopolists, Economic Theory, Springer (2000) Downloads View citations (12) (2000)
  2. Optimal fiscal and monetary policy: some recent results
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (249)
    See also Journal Article Optimal Fiscal and Monetary Policy: Some Recent Results, Journal of Money, Credit and Banking, Blackwell Publishing (1991) Downloads View citations (267) (1991)
  3. Optimal fiscal policy in a stochastic growth model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (2)

1989

  1. International coordination of fiscal policy in limiting economies
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)
    See also Journal Article International Coordination of Fiscal Policy in Limiting Economies, Journal of Political Economy, University of Chicago Press (1990) Downloads View citations (52) (1990)
  2. Labor contracts in a model of imperfect competition
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
    See also Journal Article Labor Contracts in a Model of Imperfect Competition, American Economic Review, American Economic Association (1989) Downloads View citations (1) (1989)
  3. Sustainable plans and debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (7)
    See also Journal Article Sustainable Plans and Debt, Journal of Economic Theory, Elsevier (1993) Downloads View citations (50) (1993)
  4. Sustainable plans and mutual default
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)
    See also Journal Article Sustainable Plans and Mutual Default, The Review of Economic Studies, Review of Economic Studies Ltd (1993) Downloads View citations (67) (1993)

1988

  1. Time consistency and policy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (34)

1987

  1. Seasonalities in security returns: the case of earnings announcements
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)

1984

  1. Banking Panics
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads View citations (50)
  2. Layoffs and Unemployment Compensation as Social Instruments
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads

1980

  1. Equilibrium Contracts in a Monetary Economy
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads View citations (1)
  2. Involuntary Unemployment and Implicit Contracts
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads View citations (5)

1979

  1. Linear Stochastic Models with Decentralized Information
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science Downloads

Journal Articles

2021

  1. The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics
    Review of Economic Dynamics, 2021, 42, 1-14 Downloads View citations (16)
    See also Working Paper The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics, Staff Report (2020) Downloads View citations (17) (2020)

2018

  1. Comment
    NBER Macroeconomics Annual, 2018, 32, (1), 527 - 536 Downloads

2016

  1. Bailouts, Time Inconsistency, and Optimal Regulation: A Macroeconomic View
    American Economic Review, 2016, 106, (9), 2458-93 Downloads View citations (69)

2014

  1. On the social usefulness of fractional reserve banking
    Journal of Monetary Economics, 2014, 65, (C), 1-13 Downloads View citations (15)
  2. Reputation and Persistence of Adverse Selection in Secondary Loan Markets
    American Economic Review, 2014, 104, (12), 4027-70 Downloads View citations (44)

2012

  1. Prizes and patents: Using market signals to provide incentives for innovations
    Journal of Economic Theory, 2012, 147, (2), 781-801 Downloads View citations (22)
    See also Working Paper Prizes and Patents: Using Market Signals to Provide Incentives for Innovations, Levine's Working Paper Archive (2009) Downloads View citations (4) (2009)

2010

  1. Sophisticated Monetary Policies
    The Quarterly Journal of Economics, 2010, 125, (1), 47-89 Downloads View citations (41)
    See also Working Paper Sophisticated Monetary Policies, NBER Working Papers (2009) Downloads View citations (15) (2009)

2009

  1. New Keynesian Models: Not Yet Useful for Policy Analysis
    American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 Downloads View citations (306)
    See also Working Paper New Keynesian Models: Not Yet Useful for Policy Analysis, NBER Working Papers (2008) Downloads View citations (58) (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 (210)
    See also Working Paper Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?, NBER Working Papers (2008) Downloads View citations (204) (2008)
  2. Hysteresis in unemployment - comments
    Conference Series ; [Proceedings], 2008 Downloads
  3. Time Inconsistency and Free-Riding in a Monetary Union
    Journal of Money, Credit and Banking, 2008, 40, (7), 1329-1356 View citations (52)
    See also Working Paper Time Inconsistency and Free-Riding in a Monetary Union, Levine's Working Paper Archive (2010) Downloads View citations (2) (2010)

2007

  1. Business Cycle Accounting
    Econometrica, 2007, 75, (3), 781-836 Downloads View citations (575)
    See also Working Paper Business cycle accounting, Staff Report (2006) Downloads View citations (29) (2006)
  2. Modern macroeconomics in practice: how theory is shaping monetary policy
    Annual Report, 2007, 21, (May), 6-28 Downloads
  3. On the need for fiscal constraints in a monetary union
    Journal of Monetary Economics, 2007, 54, (8), 2399-2408 Downloads View citations (97)
    See also Working Paper On the need for fiscal constraints in a monetary union, Working Papers (1998) Downloads View citations (29) (1998)

2006

  1. Modern Macroeconomics in Practice: How Theory Is Shaping Policy
    Journal of Economic Perspectives, 2006, 20, (4), 3-28 Downloads View citations (72)
    See also Working Paper Modern Macroeconomics in Practice: How Theory is Shaping Policy, NBER Working Papers (2006) Downloads View citations (75) (2006)

2005

  1. DISCUSSION OF HE, HUANG, AND WRIGHT'S "MONEY AND BANKING IN SEARCH EQUILIBRIUM"
    International Economic Review, 2005, 46, (2), 671-674
  2. Sudden Stops and Output Drops
    American Economic Review, 2005, 95, (2), 381-387 Downloads View citations (129)
    See also Working Paper Sudden Stops and Output Drops, NBER Working Papers (2005) Downloads View citations (127) (2005)

2004

  1. Comment on: "An empirical analysis of the economic impact of federal terrorism reinsurance"
    Journal of Monetary Economics, 2004, 51, (5), 899-902 Downloads View citations (3)
  2. Discussion of Growth and Foreign Direct Investment: Does Policy Play a Role?
    American Journal of Agricultural Economics, 2004, 86, (3), 802-804 Downloads
  3. Financial crises as herds: overturning the critiques
    Journal of Economic Theory, 2004, 119, (1), 128-150 Downloads View citations (100)
    See also Working Paper Financial Crises as Herds: Overturning the Critiques, NBER Working Papers (2003) Downloads View citations (14) (2003)
  4. Strategic Delegation in Monetary Unions
    Manchester School, 2004, 72, (s1), 19-33 Downloads View citations (1)
    See also Working Paper Strategic Delegation in Monetary Unions, Working Papers (2004) Downloads (2004)

2003

  1. Accounting for the Great Depression
    Quarterly Review, 2003, 27, (Spr), 2-8 Downloads View citations (11)
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) Downloads View citations (76)
  2. Expectation Traps and Monetary Policy
    The Review of Economic Studies, 2003, 70, (4), 715-741 Downloads View citations (102)
    See also Working Paper Expectation traps and monetary policy, Staff Report (2003) Downloads View citations (85) (2003)
  3. Hot Money
    Journal of Political Economy, 2003, 111, (6), 1262-1292 Downloads View citations (31)
    See also Working Paper Hot money, Staff Report (2003) Downloads View citations (29) (2003)
  4. How severe is the time-inconsistency problem in monetary policy?
    Quarterly Review, 2003, 27, (Sum), 17-33 Downloads View citations (11)
    See also Working Paper How Severe is the Time Inconsistency Problem in Monetary Policy?, NBER Working Papers (2001) Downloads View citations (23) (2001)

2002

  1. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    The Review of Economic Studies, 2002, 69, (3), 533-563 Downloads View citations (915)
    See also Working Paper Can sticky price models generate volatile and persistent real exchange rates?, Staff Report (2002) Downloads View citations (874) (2002)

2000

  1. A reconsideration of the problem of social cost: Free riders and monopolists
    Economic Theory, 2000, 16, (1), 1-22 Downloads View citations (12)
    See also Working Paper A reconsideration of the problem of social cost: free riders and monopolists, Staff Report (1991) Downloads View citations (4) (1991)
  2. Limits of Markets and Limits of Governments: An Introduction to a Symposium on Political Economy
    Journal of Economic Theory, 2000, 94, (1), 1-6 Downloads View citations (5)
  3. Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
    Econometrica, 2000, 68, (5), 1151-1180 View citations (716)
    See also Working Paper Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?, Staff Report (1998) Downloads View citations (58) (1998)

1999

  1. Asking the right questions about the IMF
    Annual Report, 1999, 3-26 Downloads View citations (9)
  2. Comment on Private Money
    Journal of Money, Credit and Banking, 1999, 31, (3), 498-99
  3. Nobel laureate Robert E. Lucas, Jr.; architect of modern macroeconomics
    Quarterly Review, 1999, 23, (Spr), 2-12 Downloads View citations (1)
    Also in Journal of Economic Perspectives, 1998, 12, (1), 171-186 (1998) Downloads View citations (11)
  4. Taxing capital income: a bad idea
    Quarterly Review, 1999, 23, (Sum), 3-17 Downloads View citations (166)
  5. Unemployment today in Europe and Japan: Lessons from the U.S. Great Depression
    Fedgazette, 1999, 11, (Jul), 13 Downloads

1998

  1. Expectation Traps and Discretion
    Journal of Economic Theory, 1998, 81, (2), 462-492 Downloads View citations (121)
    See also Working Paper Expectation Traps and Discretion, NBER Working Papers (1996) Downloads View citations (47) (1996)

1997

  1. Comment on "Inflation Forecasts and Monetary Policy."
    Journal of Money, Credit and Banking, 1997, 29, (4), 685-86 View citations (1)
  2. The Economics of Split-Ticket Voting in Representative Democracies
    American Economic Review, 1997, 87, (5), 957-76 Downloads View citations (112)
    See also Working Paper The economics of split-ticket voting in representative democracies, Working Papers (1997) Downloads View citations (94) (1997)

1996

  1. Inflation, growth, and financial intermediation
    Review, 1996, 78, (May), 41-58 Downloads View citations (19)
    Also in Proceedings, 1996, 78, (May), 41-58 (1996) Downloads View citations (34)
  2. Optimality of the Friedman rule in economies with distorting taxes
    Journal of Monetary Economics, 1996, 37, (2-3), 203-223 Downloads View citations (199)
    See also Working Paper Optimality of the Friedman Rule in Economies with Distorting Taxes, NBER Working Papers (1993) Downloads View citations (51) (1993)

1995

  1. Inside Money, Outside Money, and Short-Term Interest Rates
    Journal of Money, Credit and Banking, 1995, 27, (4), 1354-86 Downloads View citations (104)
    Also in Proceedings, 1994, 1354-1401 (1994) View citations (16)

    See also Working Paper Inside Money, Outside Money and Short Term Interest Rates, NBER Working Papers (1995) Downloads View citations (106) (1995)
  2. The growth effects of monetary policy
    Quarterly Review, 1995, 19, (Fall), 18-32 Downloads View citations (51)

1994

  1. Optimal Fiscal Policy in a Business Cycle Model
    Journal of Political Economy, 1994, 102, (4), 617-52 Downloads View citations (403)
    See also Working Paper Optimal Fiscal Policy in a Business Cycle Model, NBER Working Papers (1993) Downloads View citations (12) (1993)

1993

  1. Sustainable Plans and Debt
    Journal of Economic Theory, 1993, 61, (2), 230-261 Downloads View citations (50)
    See also Working Paper Sustainable plans and debt, Staff Report (1989) Downloads View citations (7) (1989)
  2. Sustainable Plans and Mutual Default
    The Review of Economic Studies, 1993, 60, (1), 175-195 Downloads View citations (67)
    See also Working Paper Sustainable plans and mutual default, Staff Report (1989) Downloads View citations (2) (1989)

1992

  1. How the U.S. Treasury should auction its debt
    Quarterly Review, 1992, 16, (Fall), 3-12 Downloads View citations (25)

1991

  1. Optimal Fiscal and Monetary Policy: Some Recent Results
    Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 Downloads View citations (267)
    Also in Proceedings, 1991, 519-546 (1991) View citations (259)

    See also Working Paper Optimal fiscal and monetary policy: some recent results, Staff Report (1991) Downloads View citations (249) (1991)
  2. Vintage Human Capital, Growth, and the Diffusion of New Technology
    Journal of Political Economy, 1991, 99, (6), 1142-65 Downloads View citations (247)

1990

  1. International Coordination of Fiscal Policy in Limiting Economies
    Journal of Political Economy, 1990, 98, (3), 617-36 Downloads View citations (52)
    See also Working Paper International coordination of fiscal policy in limiting economies, Staff Report (1989) Downloads View citations (5) (1989)
  2. Playing by the rules: a proposal for federal budget reform
    Annual Report, 1990 Downloads
  3. Price Stability and Futures Trading in Commodities
    The Quarterly Journal of Economics, 1990, 105, (2), 527-534 Downloads View citations (12)
  4. Sustainable Plans
    Journal of Political Economy, 1990, 98, (4), 783-802 Downloads View citations (245)
    See also Working Paper Sustainable Plans, Levine's Working Paper Archive (1998) Downloads View citations (30) (1998)
  5. The simple analytics of commodity futures markets: do they stabilize prices? Do they raise welfare?
    Quarterly Review, 1990, 4, (Sum), 12-24 Downloads

1989

  1. Banking without deposit insurance or bank panics: lessons from a model of the U.S. national banking system
    Quarterly Review, 1989, 13, (Sum), 3-19 Downloads View citations (37)
  2. Labor Contracts in a Model of Imperfect Competition
    American Economic Review, 1989, 79, (2), 358-63 Downloads View citations (1)
    See also Working Paper Labor contracts in a model of imperfect competition, Staff Report (1989) Downloads View citations (1) (1989)

1988

  1. Time consistency and optimal policy design
    Quarterly Review, 1988, (Fall), 17-31 Downloads View citations (16)

1985

  1. Macroeconomic effects of fiscal policy A comment
    Carnegie-Rochester Conference Series on Public Policy, 1985, 23, (1), 139-141 Downloads

Chapters

2017

  1. Comment on "Credit Market Freezes"
    A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 527-536

2016

  1. Accounting for Business Cycles
    Elsevier Downloads View citations (67)
    See also Working Paper Accounting for Business Cycles, Federal Reserve Bank of Minneapolis (2016) Downloads View citations (40) (2016)

2013

  1. Comment on "Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity"
    A chapter in NBER Macroeconomics Annual 2013, Volume 28, 2013, pp 271-278 Downloads

2012

  1. A Macroeconomist's Wish List of Financial Data
    A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2012, pp 215-232 Downloads View citations (2)

1999

  1. Optimal fiscal and monetary policy
    Chapter 26 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1671-1745 Downloads View citations (479)
    See also Working Paper Optimal Fiscal and Monetary Policy, National Bureau of Economic Research, Inc (1999) Downloads View citations (473) (1999)
 
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