Details about Varadarajan Chari

E-mail:
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 2020-02-29. Update your information in the RePEc Author Service.

Short-id: pch40

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Working Papers

2022

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

2021

2. 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

2020

3. The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics
   Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (26)
   See also Journal Article in Review of Economic Dynamics (2021)

2019

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

2018

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

2017

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

2016

11. A Proposal to Eliminate the Distortions Caused by Bailouts
    Economic Policy Paper, Federal Reserve Bank of Minneapolis
12. Accounting for Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2016) View citations (40)
    See also Chapter (2016)
13. Efficiency and Adverse Selection: On the Desirability of Mutual Contracts
    2016 Meeting Papers, Society for Economic Dynamics
14. Financial Repression: Evidence and Theory
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (5)
15. More on the Optimal Taxation of Capital
    2016 Meeting Papers, Society for Economic Dynamics View citations (12)

2015

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

2014

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

2013

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

2012

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

2010

23. Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
24. Damage control? analyzing policies to repair credit markets
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (5)
25. Thoughts on the Federal Reserve System's exit strategy
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)
26. Time Inconsistency and Free-Riding in a Monetary Union
    Levine's Working Paper Archive, David K. Levine View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (48)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (7)
    See also Journal Article in Journal of Money, Credit and Banking (2008)

2009

27. Moral Hazard, Reputation, and Fragility in Credit Markets
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)
28. On the Fragility of Reputation in Financial Markets
    2009 Meeting Papers, Society for Economic Dynamics
29. Prizes and Patents: Using Market Signals to Provide Incentives for Innovations
    Levine's Working Paper Archive, David K. Levine View citations (4)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2009) View citations (3)
    See also Journal Article in Journal of Economic Theory (2012)
30. Sophisticated Monetary Policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (8)
    Working Papers, Federal Reserve Bank of Minneapolis (2008)
    See also Journal Article in The Quarterly Journal of Economics (2010)

2008

31. Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (199)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (40)
    See also Journal Article in Journal of Monetary Economics (2008)
32. Facts and myths about the financial crisis of 2008
    Working Papers, Federal Reserve Bank of Minneapolis View citations (40)
33. New Keynesian Models: Not Yet Useful for Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (28)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations (27)
    See also Journal Article in American Economic Journal: Macroeconomics (2009)
34. On the Job Training, Limited Commitment and Firing Costs
    2008 Meeting Papers, Society for Economic Dynamics

2007

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

2006

39. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (16)
40. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (29)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations (42)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (84)
    See also Journal Article in Econometrica (2007)
41. Modern Macroeconomics in Practice: How Theory is Shaping Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (73)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations (67)
    See also Journal Article in Journal of Economic Perspectives (2006)

2005

42. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations (79)
43. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics View citations (27)
44. Copyrights, Price Discrimination and Hidden Trading: Lessons from a Ricardian Theory of Innovation
    2005 Meeting Papers, Society for Economic Dynamics
45. Sudden Stops and Output Drops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (126)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (108)
    See also Journal Article in American Economic Review (2005)

2004

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

2003

48. Business Start-ups, the Lock-in Effect, and Capital Gains Taxation
    Levine's Working Paper Archive, David K. Levine View citations (6)
49. Expectation traps and monetary policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations (85)
    Also in Macroeconomics, University Library of Munich, Germany (2002) View citations (28)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (103)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (39)
    Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (10)
    See also Journal Article in Review of Economic Studies (2003)
50. Financial Crises as Herds: Overturning the Critiques
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (8)
    See also Journal Article in Journal of Economic Theory (2004)
51. Hot money
    Staff Report, Federal Reserve Bank of Minneapolis View citations (30)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (8)
    See also Journal Article in Journal of Political Economy (2003)

2002

52. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (62)
53. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (872)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations (103)
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (98)
    See also Journal Article in Review of Economic Studies (2002)
54. On the robustness of herds
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)

2001

55. How Severe is the Time Inconsistency Problem in Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    See also Journal Article in Quarterly Review (2003)

2000

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

1999

57. Optimal Fiscal and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (467)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations (15)
    See also Chapter (1999)

1998

58. On the need for fiscal constraints in a monetary union
    Working Papers, Federal Reserve Bank of Minneapolis View citations (29)
    See also Journal Article in Journal of Monetary Economics (2007)
59. Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (58)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (82)
    See also Journal Article in Econometrica (2000)
60. Sustainable Plans
    Levine's Working Paper Archive, David K. Levine View citations (30)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) View citations (4)
    See also Journal Article in Journal of Political Economy (1990)

1997

61. Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (70)
62. The economics of split-ticket voting in representative democracies
    Working Papers, Federal Reserve Bank of Minneapolis View citations (93)
    See also Journal Article in American Economic Review (1997)
63. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis View citations (52)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (101)

1996

64. Expectation Traps and Discretion
    NBER Working Papers, National Bureau of Economic Research, Inc 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 in Journal of Economic Theory (1998)
65. Matching Human Capital and Displacement
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
66. Optimal fiscal policy in a business cycle model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)

1995

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

1993

68. A contribution to the theory of pork barrel spending
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
69. Optimal Fiscal Policy in a Business Cycle Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations (6)
    See also Journal Article in Journal of Political Economy (1994)
70. Optimality of the Friedman Rule in Economies with Distorting Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) View citations (12)
    See also Journal Article in Journal of Monetary Economics (1996)
71. Why are representative democracies fiscally irresponsible?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (12)

1991

72. A reconsideration of the problem of social cost: free riders and monopolists
    Staff Report, Federal Reserve Bank of Minneapolis View citations (4)
    See also Journal Article in Economic Theory (2000)
73. Optimal fiscal and monetary policy: some recent results
    Staff Report, Federal Reserve Bank of Minneapolis View citations (249)
    See also Journal Article in Journal of Money, Credit and Banking (1991)
74. Optimal fiscal policy in a stochastic growth model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)

1989

75. International coordination of fiscal policy in limiting economies
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
    See also Journal Article in Journal of Political Economy (1990)
76. Labor contracts in a model of imperfect competition
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
    See also Journal Article in American Economic Review (1989)
77. Sustainable plans and debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
    See also Journal Article in Journal of Economic Theory (1993)
78. Sustainable plans and mutual default
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
    See also Journal Article in Review of Economic Studies (1993)

1988

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

1987

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

1984

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

1980

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

1979

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

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 View citations (14)
   See also Working Paper (2020)

2018

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

2016

3. Bailouts, Time Inconsistency, and Optimal Regulation: A Macroeconomic View
   American Economic Review, 2016, 106, (9), 2458-93 View citations (65)

2014

4. On the social usefulness of fractional reserve banking
   Journal of Monetary Economics, 2014, 65, (C), 1-13 View citations (15)
5. Reputation and Persistence of Adverse Selection in Secondary Loan Markets
   American Economic Review, 2014, 104, (12), 4027-70 View citations (41)

2012

6. Prizes and patents: Using market signals to provide incentives for innovations
   Journal of Economic Theory, 2012, 147, (2), 781-801 View citations (19)
   See also Working Paper (2009)

2010

7. Sophisticated Monetary Policies
   The Quarterly Journal of Economics, 2010, 125, (1), 47-89 View citations (40)
   See also Working Paper (2009)

2009

8. New Keynesian Models: Not Yet Useful for Policy Analysis
   American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 View citations (299)
   See also Working Paper (2008)

2008

9. Are structural VARs with long-run restrictions useful in developing business cycle theory?
   Journal of Monetary Economics, 2008, 55, (8), 1337-1352 View citations (205)
   See also Working Paper (2008)
10. Hysteresis in unemployment - comments
    Conference Series ; [Proceedings], 2008
11. Time Inconsistency and Free-Riding in a Monetary Union
    Journal of Money, Credit and Banking, 2008, 40, (7), 1329-1356 View citations (49)
    See also Working Paper (2010)

2007

12. Business Cycle Accounting
    Econometrica, 2007, 75, (3), 781-836 View citations (561)
    See also Working Paper (2006)
13. Modern macroeconomics in practice: how theory is shaping monetary policy
    Annual Report, 2007, 21, (May), 6-28
14. On the need for fiscal constraints in a monetary union
    Journal of Monetary Economics, 2007, 54, (8), 2399-2408 View citations (94)
    See also Working Paper (1998)

2006

15. Modern Macroeconomics in Practice: How Theory Is Shaping Policy
    Journal of Economic Perspectives, 2006, 20, (4), 3-28 View citations (70)
    See also Working Paper (2006)

2005

16. DISCUSSION OF HE, HUANG, AND WRIGHT'S "MONEY AND BANKING IN SEARCH EQUILIBRIUM"
    International Economic Review, 2005, 46, (2), 671-674
17. Sudden Stops and Output Drops
    American Economic Review, 2005, 95, (2), 381-387 View citations (128)
    See also Working Paper (2005)

2004

18. Comment on: "An empirical analysis of the economic impact of federal terrorism reinsurance"
    Journal of Monetary Economics, 2004, 51, (5), 899-902 View citations (3)
19. Discussion of Growth and Foreign Direct Investment: Does Policy Play a Role?
    American Journal of Agricultural Economics, 2004, 86, (3), 802-804
20. Financial crises as herds: overturning the critiques
    Journal of Economic Theory, 2004, 119, (1), 128-150 View citations (94)
    See also Working Paper (2003)
21. Strategic Delegation in Monetary Unions
    Manchester School, 2004, 72, (s1), 19-33 View citations (1)
    See also Working Paper (2004)

2003

22. Accounting for the Great Depression
    Quarterly Review, 2003, 27, (Spr), 2-8 View citations (11)
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) View citations (75)
23. Expectation Traps and Monetary Policy
    Review of Economic Studies, 2003, 70, (4), 715-741 View citations (101)
    See also Working Paper (2003)
24. Hot Money
    Journal of Political Economy, 2003, 111, (6), 1262-1292 View citations (32)
    See also Working Paper (2003)
25. How severe is the time-inconsistency problem in monetary policy?
    Quarterly Review, 2003, 27, (Sum), 17-33 View citations (11)
    See also Working Paper (2001)

2002

26. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    Review of Economic Studies, 2002, 69, (3), 533-563 View citations (898)
    See also Working Paper (2002)

2000

27. A reconsideration of the problem of social cost: Free riders and monopolists
    Economic Theory, 2000, 16, (1), 1-22 View citations (11)
    See also Working Paper (1991)
28. Limits of Markets and Limits of Governments: An Introduction to a Symposium on Political Economy
    Journal of Economic Theory, 2000, 94, (1), 1-6 View citations (5)
29. Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
    Econometrica, 2000, 68, (5), 1151-1180 View citations (709)
    See also Working Paper (1998)

1999

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

1998

35. Expectation Traps and Discretion
    Journal of Economic Theory, 1998, 81, (2), 462-492 View citations (118)
    See also Working Paper (1996)

1997

36. Comment on "Inflation Forecasts and Monetary Policy."
    Journal of Money, Credit and Banking, 1997, 29, (4), 685-86 View citations (1)
37. The Economics of Split-Ticket Voting in Representative Democracies
    American Economic Review, 1997, 87, (5), 957-76 View citations (111)
    See also Working Paper (1997)

1996

38. Inflation, growth, and financial intermediation
    Review, 1996, 78, (May), 41-58 View citations (18)
    Also in Proceedings, 1996, 78, (May), 41-58 (1996) View citations (33)
39. Optimality of the Friedman rule in economies with distorting taxes
    Journal of Monetary Economics, 1996, 37, (2-3), 203-223 View citations (199)
    See also Working Paper (1993)

1995

40. Inside Money, Outside Money, and Short-Term Interest Rates
    Journal of Money, Credit and Banking, 1995, 27, (4), 1354-86 View citations (104)
    Also in Proceedings, 1994, 1354-1401 (1994) View citations (16)
    See also Working Paper (1995)
41. The growth effects of monetary policy
    Quarterly Review, 1995, 19, (Fall), 18-32 View citations (49)

1994

42. Optimal Fiscal Policy in a Business Cycle Model
    Journal of Political Economy, 1994, 102, (4), 617-52 View citations (395)
    See also Working Paper (1993)

1993

43. Sustainable Plans and Debt
    Journal of Economic Theory, 1993, 61, (2), 230-261 View citations (49)
    See also Working Paper (1989)
44. Sustainable Plans and Mutual Default
    Review of Economic Studies, 1993, 60, (1), 175-195 View citations (67)
    See also Working Paper (1989)

1992

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

1991

46. Optimal Fiscal and Monetary Policy: Some Recent Results
    Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 View citations (263)
    Also in Proceedings, 1991, 519-546 (1991) View citations (260)
    See also Working Paper (1991)
47. Vintage Human Capital, Growth, and the Diffusion of New Technology
    Journal of Political Economy, 1991, 99, (6), 1142-65 View citations (242)

1990

48. International Coordination of Fiscal Policy in Limiting Economies
    Journal of Political Economy, 1990, 98, (3), 617-36 View citations (51)
    See also Working Paper (1989)
49. Playing by the rules: a proposal for federal budget reform
    Annual Report, 1990
50. Price Stability and Futures Trading in Commodities
    The Quarterly Journal of Economics, 1990, 105, (2), 527-534 View citations (12)
51. Sustainable Plans
    Journal of Political Economy, 1990, 98, (4), 783-802 View citations (244)
    See also Working Paper (1998)
52. The simple analytics of commodity futures markets: do they stabilize prices? Do they raise welfare?
    Quarterly Review, 1990, 4, (Sum), 12-24

1989

53. 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 View citations (37)
54. Labor Contracts in a Model of Imperfect Competition
    American Economic Review, 1989, 79, (2), 358-63 View citations (1)
    See also Working Paper (1989)

1988

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

1985

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

Chapters

2017

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

2016

2. Accounting for Business Cycles
   Elsevier View citations (67)
   See also Working Paper (2016)

2013

3. 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

2012

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

1999

5. Optimal fiscal and monetary policy
   Chapter 26 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1671-1745 View citations (480)
   See also Working Paper (1999)