Details about Bob Chirinko

E-mail:
Homepage:	http://business.uic.edu/faculty/robert-chirinko
Phone:	312 355 1262
Postal address:	Department of Finance, University of Illinois at Chicago, 2333 University Hall, 601 S. Morgan (MC 168), Chicago, Illinois 60607-7121 U.S.A.
Workplace:	Department of Finance, College of Business Administration, University of Illinois at Chicago, (more information at EDIRC) CESifo, (more information at EDIRC)

Access statistics for papers by Bob Chirinko.

Last updated 2021-01-03. Update your information in the RePEc Author Service.

Short-id: pch94

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Working Papers

2019

1. International Capital Allocations and the Lucas Paradox Redux
   CESifo Working Paper Series, CESifo
2. What went wrong?: The Puerto Rican debt crisis, the "Treasury Put," and the failure of market discipline
   CESifo Working Paper Series, CESifo

2017

3. Tax competition among U.S. States: racing to the bottom or riding on a seesaw?
   Working Papers, Department of the Treasury, Ministry of the Economy and of Finance View citations (21)
   Also in CESifo Working Paper Series, CESifo (2011) View citations (16)
   Working Paper Series, Federal Reserve Bank of San Francisco (2007) View citations (5)
   See also Journal Article in Journal of Public Economics (2017)

2016

4. Job Creation Tax Credits, Fiscal Foresight, and Job Growth: Evidence from U.S. States
   CESifo Working Paper Series, CESifo View citations (4)
   Also in Working Papers, Department of the Treasury, Ministry of the Economy and of Finance (2016) View citations (4)

2014

5. The Substitution Elasticity, Factor Shares, Long-Run Growth, and the Low-Frequency Panel Model
   CESifo Working Paper Series, CESifo View citations (21)

2013

6. Greenspan Shrugs: Central Bank Communication, Formal Pronouncements and Bond Market Volatility
   CESifo Working Paper Series, CESifo View citations (2)

2011

7. Do Bubbles Lead to Overinvestment?: A Revealed Preference Approach
   CESifo Working Paper Series, CESifo View citations (5)

2010

8. Can Lower Tax Rates be Bought? Business Rent-Seeking and Tax Competition among U.S. States
   CESifo Working Paper Series, CESifo View citations (11)
   Also in Working Papers, Institut d'Economia de Barcelona (IEB) (2010) View citations (3)
   Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (1)
   See also Journal Article in National Tax Journal (2010)
9. Job creation tax credits and job growth: whether, when, and where?
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (9)

2009

10. A state level database for the manufacturing sector: construction and sources
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)

2008

11. Asset Price Shocks, Real Expenditures, and Financial Structure: A Multi-Country Analysis
    CESifo Working Paper Series, CESifo View citations (17)
    Also in DNB Working Papers, Netherlands Central Bank, Research Department (2004) View citations (9)
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research (2004) View citations (8)
12. The Irreversibility Premium
    CESifo Working Paper Series, CESifo View citations (5)
    See also Journal Article in Journal of Monetary Economics (2009)
13. The Marginal Product of Capital: A Persistent International Puzzle
    CESifo Working Paper Series, CESifo View citations (3)
14. ó: The Long And Short Of It
    CESifo Working Paper Series, CESifo View citations (107)

2007

15. Fundamentals, Misvaluation, and Investment: The Real Story
    CESifo Working Paper Series, CESifo View citations (2)
    Also in Economics Series, Institute for Advanced Studies (2006) View citations (2)
16. State Investment Tax Incentives: A Zero-Sum Game?
    CESifo Working Paper Series, CESifo View citations (4)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) View citations (4)
    See also Journal Article in Journal of Public Economics (2008)
17. The Fisher/Cobb-Douglas Paradox, Factor Shares, and Cointegration
    CESifo Working Paper Series, CESifo View citations (1)

2006

18. Noise vs. News in Equity Returns
    CESifo Working Paper Series, CESifo
19. State investment tax incentives: what are the facts?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)
20. The Elasticity of Derived Demand, Factor Substitution and Product Demand: Corrections to Hicks’ Formula and Marshall’s Four Rules
    CESifo Working Paper Series, CESifo
    See also Journal Article in Labour Economics (2011)

2004

21. FINANCE, CONTROL, AND PROFITABILITY: THE INFLUENCE OF GERMAN BANKS
    Papers on Entrepreneurship, Growth and Public Policy, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group
    Also in CESifo Working Paper Series, CESifo (2003) View citations (9)
    See also Journal Article in Journal of Economic Behavior & Organization (2006)
22. That Elusive Elasticity: A Long-Panel Approach to Estimating the Capital-Labor Substitution Elasticity
    CESifo Working Paper Series, CESifo View citations (25)

2003

23. A Revealed Preference Approach. To Understanding Corporate Governance Problems: Evidence From Canada
    Economics Series, Institute for Advanced Studies
    Also in CESifo Working Paper Series, CESifo (2002)
    See also Journal Article in Journal of Financial Economics (2004)
24. A Vectorautoregressive Investment Model (VIM) and Monetary Policy Transmission: Panel Evidence from German Firms
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (5)
    Also in Royal Economic Society Annual Conference 2003, Royal Economic Society (2003) View citations (4)
25. Corporate control mechanisms, voting and cash flow rights, and the performance of Dutch firms
    CCSO Working Papers, University of Groningen, CCSO Centre for Economic Research View citations (1)
26. Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands
    CESifo Working Paper Series, CESifo View citations (1)
    See also Journal Article in German Economic Review (2004)
27. On the German Monetary Transmission Mechanism: Interest Rate and Credit Channels for Investment Spending
    CESifo Working Paper Series, CESifo View citations (2)

2002

28. Corporate Taxation, Capital Formation, and the Substitution Elasticity between Labor and Capital
    CESifo Working Paper Series, CESifo View citations (50)
    See also Journal Article in National Tax Journal (2002)
29. Further Evidence On The Relationship Between Firm Investment And Financial Status
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (14)
30. That Elusive Elasticity: A Long-Panel Approach To Estimating The Price Sensitivity Of Business Capital
    10th International Conference on Panel Data, Berlin, July 5-6, 2002, International Conferences on Panel Data View citations (17)

2001

31. Business Fixed Investment and "Bubbles": the Japanese Case
    Carleton Economic Papers, Carleton University, Department of Economics View citations (23)
    Also in Economics Series, Institute for Advanced Studies (1996) View citations (5)
    See also Journal Article in American Economic Review (2001)

2000

32. Investment Tax Credits
    CESifo Working Paper Series, CESifo
33. Market Power and Inflation
    CESifo Working Paper Series, CESifo View citations (14)
    See also Journal Article in The Review of Economics and Statistics (2000)

1999

34. Firm Performance, Financial Institutions and Corporate Governance in the Netherlands
    CESifo Working Paper Series, CESifo View citations (3)
    Also in Research Report, University of Groningen, Research Institute SOM (Systems, Organisations and Management) (1999)

1998

35. What Do Micro Data Reveal About the User Cost Elasticity?: New Evidence on the Responsiveness of Business Capital Formation
    Macroeconomics, University Library of Munich, Germany View citations (2)
    Also in Economics Working Paper Archive, Levy Economics Institute (1996) View citations (2)

1997

36. Finance, Control, and Profitability: An Evaluation of German Bank Influence
    Working Papers, American Institute for Contemporary German Studies- View citations (10)

1996

37. Banking relationships in Germany: empirical results and policy implications
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (6)
    Also in Proceedings, Federal Reserve Bank of Chicago (1996) View citations (1)
38. Bubbles, Fundamentals, and Investment: A Multiple Equation Testing Strategy
    Carleton Economic Papers, Carleton University, Department of Economics View citations (11)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1993) View citations (3)
    See also Journal Article in Journal of Monetary Economics (1996)
39. Finance constraints, liquidity, and investment spending: theoretical restrictions and international evidence
    Research Working Paper, Federal Reserve Bank of Kansas City
    See also Journal Article in Journal of the Japanese and International Economies (1997)
40. Financial innovations, money demand, and disaggregation: some time series evidence
    Research Working Paper, Federal Reserve Bank of Kansas City

1994

41. Finance constraints, liquidity, and investment spending: cross-country evidence
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)
42. Non Convexities, Labor Hoarding, Technology Shocks, and Procyclical Productivity: A Structural Econometric Approach
    CESifo Working Paper Series, CESifo
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1993) View citations (1)

1993

43. Business fixed investment spending: a critical survey of modeling strategies, empirical results, and policy implications
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (277)
    Also in Working Papers, Harris School of Public Policy Studies, University of Chicago (1992)
44. Economic fluctuations, market power, and returns to scale: evidence from firm-level data
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (8)
    See also Journal Article in Journal of Applied Econometrics (1994)
45. On the Keynesian investment function and the investment function(s) of Keynes
    Research Working Paper, Federal Reserve Bank of Kansas City
46. Why does liquidity matter in investment equations?
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)
    See also Journal Article in Journal of Money, Credit and Banking (1995)

1992

47. Aggregate Shocks, Loan Losses, and Portfolio Concentrations: Lessons for Assessing Depository Institution Risk
    Working Papers, Harris School of Public Policy Studies, University of Chicago
48. Bubbles, Fundamentals, and Investment: A New Multiple Equation Specification Testing Strategy
    Working Papers, Harris School of Public Policy Studies, University of Chicago
49. Buckle-Up or Slow-Down? New Estimates of Offsetting Behavior and Their Implications for Automobile Safety Regulation
    Working Papers, Harris School of Public Policy Studies, University of Chicago
    See also Journal Article in Journal of Policy Analysis and Management (1993)
50. Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications
    CESifo Working Paper Series, CESifo
    See also Journal Article in Journal of Economic Literature (1993)
51. Economic Fluctuations, Market Power, and Returns to Scale: Evidence from Micro Data
    Working Papers, Harris School of Public Policy Studies, University of Chicago
52. Procyclical Productivity and Macroeconomic Policy: A Structural Economic Approach
    Working Papers, Harris School of Public Policy Studies, University of Chicago
53. The Future of Utility Regulations: Agenda for the 1990s
    Working Papers, Harris School of Public Policy Studies, University of Chicago

1991

54. Delivery Lags, Adjustment Costs, and Econometric Investment Models
    Working Papers, Boston University - Industry Studies Programme
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1991)

1988

55. Tobin's Q, non-constant returns to scale, and imperfectly competitive product markets
    Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (2)

1987

56. Intertemporal Constraints, Shadow Prices, and Financial Asset Values
    NBER Working Papers, National Bureau of Economic Research, Inc

1986

57. Investment, Tobin's Q, and Multiple Capital Inputs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
58. Tobin's Q and Financial Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article in Journal of Monetary Economics (1987)

1985

59. Hidden Stimuli to Capital Formation: Debt and the Incomplete Adjustment of Financial Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
60. The Ineffectiveness of Effective Tax Rates on Business Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

1981

61. An Empirical Investigation of the Returns to Job Search
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science
    See also Journal Article in American Economic Review (1982)

Journal Articles

2017

1. Tax competition among U.S. states: Racing to the bottom or riding on a seesaw?
   Journal of Public Economics, 2017, 155, (C), 147-163 View citations (21)
   See also Working Paper (2017)
2. The Substitution Elasticity, Factor Shares, and the Low-Frequency Panel Model
   American Economic Journal: Macroeconomics, 2017, 9, (4), 225-53 View citations (21)

2011

3. A New Approach to Estimating Production Function Parameters: The Elusive Capital--Labor Substitution Elasticity
   Journal of Business & Economic Statistics, 2011, 29, (4), 587-594 View citations (54)
4. A New Approach to Estimating Production Function Parameters: The Elusive Capital–Labor Substitution Elasticity
   Journal of Business & Economic Statistics, 2011, 29, (4), 587-594 View citations (56)
5. Cointegration, factor shares, and production function parameters
   Economics Letters, 2011, 112, (2), 205-206 View citations (2)
6. Fundamentals, Misvaluation, and Business Investment
   Journal of Money, Credit and Banking, 2011, 43, (7), 1423-1442 View citations (7)
7. The elasticity of derived demand, factor substitution, and product demand: Corrections to Hicks' formula and Marshall's Four Rules
   Labour Economics, 2011, 18, (5), 708-711 View citations (1)
   See also Working Paper (2006)

2010

8. Can Lower Tax Rates Be Bought? Business Rent-Seeking and Tax Competition Among U.S. States
   National Tax Journal, 2010, 63, (4), 967-93 View citations (9)
   See also Working Paper (2010)
9. State business taxes and investment: state-by-state simulations
   Economic Review, 2010, 13-28 View citations (2)

2009

10. The irreversibility premium
    Journal of Monetary Economics, 2009, 56, (3), 390-408 View citations (31)
    See also Working Paper (2008)

2008

11. State investment tax incentives: A zero-sum game?
    Journal of Public Economics, 2008, 92, (12), 2362-2384 View citations (96)
    See also Working Paper (2007)
12. [sigma]: The long and short of it
    Journal of Macroeconomics, 2008, 30, (2), 671-686 View citations (110)

2006

13. Finance, control and profitability: the influence of German banks
    Journal of Economic Behavior & Organization, 2006, 59, (1), 69-88 View citations (28)
    See also Working Paper (2004)

2004

14. A revealed preference approach to understanding corporate governance problems: Evidence from Canada
    Journal of Financial Economics, 2004, 74, (1), 181-206 View citations (14)
    See also Working Paper (2003)
15. Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands
    German Economic Review, 2004, 5, (2), 119-138 View citations (4)
    See also Working Paper (2003)

2002

16. Corporate Taxation, Capital Formation,and the Substitution Elasticity Between Labor and Capital
    National Tax Journal, 2002, 55, (2), 339-355 View citations (47)
    See also Working Paper (2002)

2001

17. Business Fixed Investment and "Bubbles": The Japanese Case
    American Economic Review, 2001, 91, (3), 663-680 View citations (31)
    See also Working Paper (2001)
18. Comment: Kommentar zu: Corporate Investment, Asymmetric Information and Agency Costs in the UK
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2001, 70, (2), 261-261
19. Comment: Kommentar zu: Warum Abwehrmaßnahmen gegen Übernahmen in Spanien
    Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2001, 70, (2), 225-225

2000

20. Market Power and Inflation
    The Review of Economics and Statistics, 2000, 82, (3), 509-513 View citations (5)
    See also Working Paper (2000)
21. Testing static tradeoff against pecking order models of capital structure: a critical comment
    Journal of Financial Economics, 2000, 58, (3), 417-425 View citations (69)

1999

22. How responsive is business capital formation to its user cost?: An exploration with micro data
    Journal of Public Economics, 1999, 74, (1), 53-80 View citations (223)

1997

23. Finance Constraints, Liquidity, and Investment Spending: Theoretical Restrictions and International Evidence
    Journal of the Japanese and International Economies, 1997, 11, (2), 185-207 View citations (15)
    See also Working Paper (1996)

1996

24. Bubbles, fundamentals, and investment: A multiple equation testing strategy
    Journal of Monetary Economics, 1996, 38, (1), 47-76 View citations (27)
    See also Working Paper (1996)
25. Investment under uncertainty: A review essay
    Journal of Economic Dynamics and Control, 1996, 20, (9-10), 1801-1808 View citations (5)

1995

26. Nonconvexities, labor hoarding, technology shocks, and procyclical productivity a structural econometric analysis
    Journal of Econometrics, 1995, 66, (1-2), 61-98 View citations (13)
27. Why Does Liquidity Matter in Investment Equations?
    Journal of Money, Credit and Banking, 1995, 27, (2), 527-48 View citations (133)
    See also Working Paper (1993)

1994

28. Economic Fluctuations, Market Power, and Returns to Scale: Evidence from Firm-Level Data
    Journal of Applied Econometrics, 1994, 9, (1), 47-69 View citations (28)
    See also Working Paper (1993)
29. Fiscal policies aimed at spurring capital formation: a framework for analysis
    Economic Review, 1994, 79, (Q I), 59-73

1993

30. Buckle up or slow down? New estimates of offsetting behavior and their implications for automobile safety regulation
    Journal of Policy Analysis and Management, 1993, 12, (2), 270-296 View citations (14)
    See also Working Paper (1992)
31. Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications
    Journal of Economic Literature, 1993, 31, (4), 1875-1911 View citations (277)
    See also Working Paper (1992)
32. Multiple capital inputs, Q, and investment spending
    Journal of Economic Dynamics and Control, 1993, 17, (5-6), 907-928 View citations (14)

1992

33. Do Tax Incentives Work? The Real Effects of the Tax Reform Act: Comment
    National Tax Journal, 1992, 45, (3), 291-97
34. Emerging issues in the regulation of electric utilities
    Resources and Energy, 1992, 14, (1-2), 3-35 View citations (2)

1991

35. A framework for assessing credit risk in depository institutions: Toward regulatory reform
    Journal of Banking & Finance, 1991, 15, (4-5), 785-804 View citations (6)
36. Capital depreciation, shadow prices, and financial asset values
    Economics Letters, 1991, 35, (4), 445-449 View citations (1)

1990

37. ALTRUISM, EGOISM, AND THE ROLE OF SOCIAL CAPITAL IN THE PRIVATE PROVISION OF PUBLIC GOODS*
    Economics and Politics, 1990, 2, (3), 275-290 View citations (3)

1989

38. A framework for assessing depository institution risk
    Proceedings, 1989

1988

39. Business Tax Policy, the Lucas Critique, and Lessons from the 1980's
    American Economic Review, 1988, 78, (2), 206-10 View citations (5)

1987

40. The ineffectiveness of effective tax rates on business investment: A critique of Feldstein's Fisher-Schultz lecture
    Journal of Public Economics, 1987, 32, (3), 369-387 View citations (4)
41. Tobin's Q and financial policy
    Journal of Monetary Economics, 1987, 19, (1), 69-87 View citations (11)
    See also Working Paper (1986)

1983

42. Tax policy and investment in major U.S. macroeconomic econometric models
    Journal of Public Economics, 1983, 20, (2), 139-166 View citations (2)

1982

43. An Empirical Investigation of the Returns to Job Search
    American Economic Review, 1982, 72, (3), 498-501 View citations (28)
    See also Working Paper (1981)

1981

44. A Further Comment on “Would Tax Shifting Undermine the Tax-Based Incomes Policy?”
    Journal of Economic Issues, 1981, 15, (1), 177-181
45. The impact of a Tax-Based Incomes Policy on U.S. macroeconomic performance: An optimal control study
    Journal of Policy Modeling, 1981, 3, (1), 93-105

1980

46. The Real Wage Rate over the Business Cycle
    The Review of Economics and Statistics, 1980, 62, (3), 459-61 View citations (22)