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Details about John H. Cochrane

E-mail:
Homepage:https://www.johnhcochrane.com
Postal address:434 Galvez Mall Stanford University Stanford, CA 94305-6010
Workplace:Hoover Institution on War Revolution & Peace, (more information at EDIRC)
National Bureau of Economic Research (NBER), (more information at EDIRC)
Stanford Institute for Economic Policy Research (SIEPR), Stanford University, (more information at EDIRC)
Cato Institute, (more information at EDIRC)
Graduate School of Business, Stanford University, (more information at EDIRC)

Access statistics for papers by John H. Cochrane.

Last updated 2023-01-26. Update your information in the RePEc Author Service.

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Working Papers

2022

  1. Expectations and the Neutrality of Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article Expectations and the Neutrality of Interest Rates, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2024) Downloads (2024)
  2. Fiscal Histories
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. Inflation Past, Present and Future: Fiscal Shocks, Fed Response, and Fiscal Limits
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2021

  1. Portfolios for Long-Term Investors
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)

2020

  1. A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article A fiscal theory of monetary policy with partially repaid long-term debt, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2022) Downloads View citations (16) (2022)

2019

  1. Rethinking Production Under Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. The Fiscal Roots of Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article The fiscal root of inflation, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2022) Downloads (2022)
  3. The Value of Government Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2016

  1. Macro-Finance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article Macro-Finance, Review of Finance, European Finance Association (2017) Downloads (2017)
  2. Stepping on a Rake: the Fiscal Theory of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  3. The Habit Habit
    Economics Working Papers, Hoover Institution, Stanford University Downloads View citations (9)

2015

  1. A New Structure for U.S. Federal Debt
    Economics Working Papers, Hoover Institution, Stanford University Downloads View citations (13)

2014

  1. Monetary Policy with Interest on Reserves
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (77)
    See also Journal Article Monetary policy with interest on reserves, Journal of Economic Dynamics and Control, Elsevier (2014) Downloads View citations (77) (2014)

2013

  1. A Mean-Variance Benchmark for Intertemporal Portfolio Theory
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article A Mean-Variance Benchmark for Intertemporal Portfolio Theory, Journal of Finance, American Finance Association (2014) Downloads View citations (28) (2014)
  2. Finance: Function Matters, not Size
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    See also Journal Article Finance: Function Matters, Not Size, Journal of Economic Perspectives, American Economic Association (2013) Downloads View citations (32) (2013)
  3. The New-Keynesian Liquidity Trap
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (31)

2012

  1. Continuous-Time Linear Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article Continuous-Time Linear Models, Foundations and Trends(R) in Finance, now publishers (2012) Downloads View citations (1) (2012)

2011

  1. Discount Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (39)

2010

  1. Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    See also Journal Article Understanding policy in the great recession: Some unpleasant fiscal arithmetic, European Economic Review, Elsevier (2011) Downloads View citations (169) (2011)

2009

  1. Can Learnability Save New-Keynesian Models?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (45)
    See also Journal Article Can learnability save new-Keynesian models?, Journal of Monetary Economics, Elsevier (2009) Downloads View citations (46) (2009)
  2. Decomposing the Yield Curve
    2009 Meeting Papers, Society for Economic Dynamics View citations (35)

2007

  1. Determinacy and Identification with Taylor Rules
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (38)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (26)

    See also Journal Article Determinacy and Identification with Taylor Rules, Journal of Political Economy, University of Chicago Press (2011) Downloads View citations (319) (2011)

2006

  1. The Dog That Did Not Bark: A Defense of Return Predictability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
    See also Journal Article The Dog That Did Not Bark: A Defense of Return Predictability, The Review of Financial Studies, Society for Financial Studies (2008) Downloads View citations (480) (2008)

2005

  1. Financial Markets and the Real Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (101)
    See also Journal Article Financial Markets and the Real Economy, Foundations and Trends(R) in Finance, now publishers (2005) Downloads View citations (103) (2005)

2004

  1. Two Trees
    University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA Downloads
    See also Journal Article Two Trees, The Review of Financial Studies, Society for Financial Studies (2008) Downloads View citations (19) (2008)
  2. Two Trees: Asset Price Dynamics Induced by Market Clearing
    2004 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (3)

2003

  1. Where is the Market Going: Uncertain Facts and Novel Theories
    Levine's Working Paper Archive, David K. Levine Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) Downloads View citations (20)

    See also Journal Article Where is the market going? Uncertain facts and novel theories, Economic Perspectives, Federal Reserve Bank of Chicago (1997) Downloads View citations (76) (1997)

2002

  1. Bond Risk Premia
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (72)
    See also Journal Article Bond Risk Premia, American Economic Review, American Economic Association (2005) Downloads View citations (603) (2005)
  2. Stocks as Money: Convenience Yield and the Tech-Stock Bubble
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (47)
  3. The Fed and Interest Rates: A High-Frequency Identification
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (313)
    See also Journal Article The Fed and Interest Rates - A High-Frequency Identification, American Economic Review, American Economic Association (2002) Downloads View citations (320) (2002)

2001

  1. A Rehabilitation of Stochastic Discount Factor Methodology
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
  2. International Risk Sharing is Better Than You Think (or Exchange Rates are Much Too Smooth!
    University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA Downloads View citations (9)
    Also in Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2001) Downloads View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (13)
  3. The Risk and Return of Venture Capital
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
    Also in University of California at Los Angeles, Anderson Graduate School of Management, Anderson Graduate School of Management, UCLA (2000) Downloads View citations (1)

    See also Journal Article The risk and return of venture capital, Journal of Financial Economics, Elsevier (2005) Downloads View citations (288) (2005)

2000

  1. Explaining the Poor Performance of Consumption-Based Asset Pricing Models
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (120)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (16)

    See also Journal Article Explaining the Poor Performance of Consumption‐based Asset Pricing Models, Journal of Finance, American Finance Association (2000) Downloads View citations (94) (2000)
  2. Money as Stock: Price Level Determination with no Money Demand
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)

1999

  1. By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (2442)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago (1994) Downloads View citations (211)
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (113)
    Working Papers, Federal Reserve Bank of Philadelphia (1994) View citations (21)

    See also Journal Article Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior, Journal of Political Economy, University of Chicago Press (1999) Downloads View citations (2489) (1999)
  2. New Facts in Finance
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (176)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (194)

    See also Journal Article New facts in finance, Economic Perspectives, Federal Reserve Bank of Chicago (1999) Downloads View citations (183) (1999)
  3. Portfolio Advice for a Multifactor World
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (75)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (71)

    See also Journal Article Portfolio advice of a multifactor world, Economic Perspectives, Federal Reserve Bank of Chicago (1999) Downloads View citations (29) (1999)

1998

  1. A Frictionless View of U.S. Inflation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (110)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago (1998) Downloads View citations (120)

    See also Chapter A Frictionless View of US Inflation, NBER Chapters, National Bureau of Economic Research, Inc (1999) Downloads View citations (23) (1999)
  2. Beyond Arbitrage: "Good-Deal" Asset Price Bounds in Incomplete Markets
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (4)

    See also Journal Article Beyond Arbitrage: Good-Deal Asset Price Bounds in Incomplete Markets, Journal of Political Economy, University of Chicago Press (2000) Downloads View citations (210) (2000)
  3. Long-term Debt and Optimal Policy in the Fiscal Theory of the Price Level
    CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago Downloads View citations (31)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) Downloads View citations (18)

    See also Journal Article Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level, Econometrica, Econometric Society (2001) View citations (275) (2001)

1995

  1. What do the VARs Mean?: Measuring the Output Effects of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article What do the VARs mean? Measuring the output effects of monetary policy, Journal of Monetary Economics, Elsevier (1998) Downloads View citations (136) (1998)

1994

  1. Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article Shocks, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1994) Downloads (1994)

1992

  1. A Cross-Sectional Test of a Production-Based Asset Pricing Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
  2. Asset Pricing Explorations for Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (212)
    See also Chapter Asset Pricing Explorations for Macroeconomics, NBER Chapters, National Bureau of Economic Research, Inc (1992) Downloads View citations (214) (1992)

1991

  1. Inflation Stabilization in Reforming Socialist Economies: the Myth of the Monetary Overhang
    Working Papers, Pennsylvania State - Department of Economics View citations (3)
    See also Journal Article Inflation Stabilization in Reforming Socialist Economies: The Myth of the Monetary Overhang, Comparative Economic Studies, Palgrave Macmillan (1991) Downloads View citations (3) (1991)
  2. Volatility Tests and Efficient Markets: A Review Essay
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (80)
    See also Journal Article Volatility tests and efficient markets: A review essay, Journal of Monetary Economics, Elsevier (1991) Downloads View citations (98) (1991)

1990

  1. Stopping Inflation in Reforming Socialist Economies: Some Pleasant Socialist Arithmetics
    Working Papers, Pennsylvania State - Department of Economics View citations (1)
  2. Univariate vs. Multivariate Forecasts of GNP Growth and Stock Returns: Evidence and Implications for the Persistence of Shocks, Detrending Methods
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)

1989

  1. Explaining the Variance of Price Dividend Ratios
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (38)
    See also Journal Article Explaining the Variance of Price-Dividend Ratios, The Review of Financial Studies, Society for Financial Studies (1992) Downloads View citations (174) (1992)
  2. Using Production Based Asset Pricing to Explain the Behavior of Stock Returns Over the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

1988

  1. A Test of Consumption Insurance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  2. Production Based Asset Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (40)
  3. The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (29)
    See also Journal Article The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives, American Economic Review, American Economic Association (1989) Downloads View citations (137) (1989)

Journal Articles

2024

  1. Expectations and the Neutrality of Interest Rates
    Review of Economic Dynamics, 2024, 53, 194-223 Downloads
    See also Working Paper Expectations and the Neutrality of Interest Rates, NBER Working Papers (2022) Downloads View citations (2) (2022)

2022

  1. A fiscal theory of monetary policy with partially repaid long-term debt
    Review of Economic Dynamics, 2022, 45, 1-21 Downloads View citations (16)
    See also Working Paper A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt, NBER Working Papers (2020) Downloads View citations (7) (2020)
  2. The fiscal root of inflation
    Review of Economic Dynamics, 2022, 45, 22-40 Downloads
    See also Working Paper The Fiscal Roots of Inflation, NBER Working Papers (2019) Downloads View citations (5) (2019)

2020

  1. Strategic Review and Beyond: Rethinking Monetary Policy and Independence
    Review, 2020, 102, (2), 99-119 Downloads View citations (1)

2017

  1. Macro-Finance
    Review of Finance, 2017, 21, (3), 945-985 Downloads
    See also Working Paper Macro-Finance, NBER Working Papers (2016) Downloads (2016)

2015

  1. The Fragile Benefits of Endowment Destruction
    Journal of Political Economy, 2015, 123, (5), 1214 - 1226 Downloads

2014

  1. A Mean-Variance Benchmark for Intertemporal Portfolio Theory
    Journal of Finance, 2014, 69, (1), 1-49 Downloads View citations (28)
    See also Working Paper A Mean-Variance Benchmark for Intertemporal Portfolio Theory, NBER Working Papers (2013) Downloads View citations (1) (2013)
  2. Challenges for Cost-Benefit Analysis of Financial Regulation
    The Journal of Legal Studies, 2014, 43, (S2), S63 - S105 Downloads View citations (19)
  3. Monetary policy with interest on reserves
    Journal of Economic Dynamics and Control, 2014, 49, (C), 74-108 Downloads View citations (77)
    See also Working Paper Monetary Policy with Interest on Reserves, NBER Working Papers (2014) Downloads View citations (77) (2014)

2013

  1. Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group
    Journal of Applied Corporate Finance, 2013, 25, (4), 37-40 Downloads View citations (6)
  2. Finance: Function Matters, Not Size
    Journal of Economic Perspectives, 2013, 27, (2), 29-50 Downloads View citations (32)
    See also Working Paper Finance: Function Matters, not Size, NBER Working Papers (2013) Downloads View citations (32) (2013)

2012

  1. Continuous-Time Linear Models
    Foundations and Trends(R) in Finance, 2012, 6, (3), 165-219 Downloads View citations (1)
    See also Working Paper Continuous-Time Linear Models, NBER Working Papers (2012) Downloads View citations (1) (2012)

2011

  1. Determinacy and Identification with Taylor Rules
    Journal of Political Economy, 2011, 119, (3), 565 - 615 Downloads View citations (319)
    See also Working Paper Determinacy and Identification with Taylor Rules, NBER Working Papers (2007) Downloads View citations (38) (2007)
  2. HOW DID PAUL KRUGMAN GET IT SO WRONG?-super-1
    Economic Affairs, 2011, 31, (2), 36-40 View citations (27)
  3. Presidential Address: Discount Rates
    Journal of Finance, 2011, 66, (4), 1047-1108 View citations (715)
  4. Understanding policy in the great recession: Some unpleasant fiscal arithmetic
    European Economic Review, 2011, 55, (1), 2-30 Downloads View citations (169)
    See also Working Paper Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic, NBER Working Papers (2010) Downloads View citations (22) (2010)

2010

  1. The Squam Lake Report: Fixing the Financial System
    Journal of Applied Corporate Finance, 2010, 22, (3), 8-21 Downloads View citations (120)
    See also Book The Squam Lake Report: Fixing the Financial System, Economics Books, 2010 (2010) View citations (110) (2010)

2009

  1. Can learnability save new-Keynesian models?
    Journal of Monetary Economics, 2009, 56, (8), 1109-1113 Downloads View citations (46)
    See also Working Paper Can Learnability Save New-Keynesian Models?, NBER Working Papers (2009) Downloads View citations (45) (2009)

2008

  1. The Dog That Did Not Bark: A Defense of Return Predictability
    The Review of Financial Studies, 2008, 21, (4), 1533-1575 Downloads View citations (480)
    See also Working Paper The Dog That Did Not Bark: A Defense of Return Predictability, NBER Working Papers (2006) Downloads View citations (23) (2006)
  2. Two Trees
    The Review of Financial Studies, 2008, 21, (1), 347-385 Downloads View citations (19)
    See also Working Paper Two Trees, University of California at Los Angeles, Anderson Graduate School of Management (2004) Downloads (2004)

2007

  1. Commentary on \\"Macroeconomic implications of changes in the term premium\\"
    Review, 2007, 89, (Jul), 271-282 Downloads View citations (5)

2006

  1. International risk sharing is better than you think, or exchange rates are too smooth
    Journal of Monetary Economics, 2006, 53, (4), 671-698 Downloads View citations (168)
  2. Prediction and impulse responses in linear systems (in Russian)
    Quantile, 2006, (1), 21-26 Downloads

2005

  1. Bond Risk Premia
    American Economic Review, 2005, 95, (1), 138-160 Downloads View citations (603)
    See also Working Paper Bond Risk Premia, NBER Working Papers (2002) Downloads View citations (72) (2002)
  2. Financial Markets and the Real Economy
    Foundations and Trends(R) in Finance, 2005, 1, (1), 1-101 Downloads View citations (103)
    See also Working Paper Financial Markets and the Real Economy, NBER Working Papers (2005) Downloads View citations (101) (2005)
  3. Money as stock
    Journal of Monetary Economics, 2005, 52, (3), 501-528 Downloads View citations (134)
  4. The risk and return of venture capital
    Journal of Financial Economics, 2005, 75, (1), 3-52 Downloads View citations (288)
    See also Working Paper The Risk and Return of Venture Capital, NBER Working Papers (2001) Downloads View citations (28) (2001)

2002

  1. The Fed and Interest Rates - A High-Frequency Identification
    American Economic Review, 2002, 92, (2), 90-95 Downloads View citations (320)
    See also Working Paper The Fed and Interest Rates: A High-Frequency Identification, NBER Working Papers (2002) Downloads View citations (313) (2002)

2001

  1. Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level
    Econometrica, 2001, 69, (1), 69-116 View citations (275)
    See also Working Paper Long-term Debt and Optimal Policy in the Fiscal Theory of the Price Level, CRSP working papers (1998) Downloads View citations (31) (1998)
  2. Review of Peter M. Garber, Famous First Bubbles: The Fundamentals of Early Manias
    Journal of Political Economy, 2001, 109, (5), 1150-1179 Downloads View citations (2)

2000

  1. Beyond Arbitrage: Good-Deal Asset Price Bounds in Incomplete Markets
    Journal of Political Economy, 2000, 108, (1), 79-119 Downloads View citations (210)
    See also Working Paper Beyond Arbitrage: "Good-Deal" Asset Price Bounds in Incomplete Markets, CRSP working papers (1998) Downloads View citations (3) (1998)
  2. Explaining the Poor Performance of Consumption‐based Asset Pricing Models
    Journal of Finance, 2000, 55, (6), 2863-2878 Downloads View citations (94)
    See also Working Paper Explaining the Poor Performance of Consumption-Based Asset Pricing Models, Scholarly Articles (2000) Downloads View citations (120) (2000)

1999

  1. Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior
    Journal of Political Economy, 1999, 107, (2), 205-251 Downloads View citations (2489)
    See also Working Paper By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior, Scholarly Articles (1999) Downloads View citations (2442) (1999)
  2. New facts in finance
    Economic Perspectives, 1999, 23, (Q III), 36-58 Downloads View citations (183)
    See also Working Paper New Facts in Finance, CRSP working papers (1999) Downloads View citations (176) (1999)
  3. Portfolio advice of a multifactor world
    Economic Perspectives, 1999, 23, (Q III), 59-78 Downloads View citations (29)
    See also Working Paper Portfolio Advice for a Multifactor World, CRSP working papers (1999) Downloads View citations (75) (1999)

1998

  1. What do the VARs mean? Measuring the output effects of monetary policy
    Journal of Monetary Economics, 1998, 41, (2), 277-300 Downloads View citations (136)
    See also Working Paper What do the VARs Mean?: Measuring the Output Effects of Monetary Policy, NBER Working Papers (1995) Downloads View citations (4) (1995)

1997

  1. Where is the market going? Uncertain facts and novel theories
    Economic Perspectives, 1997, 21, (Nov), 3-37 Downloads View citations (76)
    See also Working Paper Where is the Market Going: Uncertain Facts and Novel Theories, Levine's Working Paper Archive (2003) Downloads View citations (6) (2003)

1996

  1. A Cross-Sectional Test of an Investment-Based Asset Pricing Model
    Journal of Political Economy, 1996, 104, (3), 572-621 Downloads View citations (418)

1995

  1. Time-Consistent Health Insurance
    Journal of Political Economy, 1995, 103, (3), 445-73 Downloads View citations (110)

1994

  1. Permanent and Transitory Components of GNP and Stock Prices
    The Quarterly Journal of Economics, 1994, 109, (1), 241-265 Downloads View citations (340)
  2. Shocks
    Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 295-364 Downloads
    See also Working Paper Shocks, NBER Working Papers (1994) Downloads View citations (6) (1994)

1992

  1. Explaining the Variance of Price-Dividend Ratios
    The Review of Financial Studies, 1992, 5, (2), 243-80 Downloads View citations (174)
    See also Working Paper Explaining the Variance of Price Dividend Ratios, NBER Working Papers (1989) Downloads View citations (38) (1989)

1991

  1. A Simple Test of Consumption Insurance
    Journal of Political Economy, 1991, 99, (5), 957-76 Downloads View citations (633)
  2. A critique of the application of unit root tests
    Journal of Economic Dynamics and Control, 1991, 15, (2), 275-284 Downloads View citations (171)
  3. Inflation Stabilization in Reforming Socialist Economies: The Myth of the Monetary Overhang
    Comparative Economic Studies, 1991, 33, (2), 97-122 Downloads View citations (3)
    See also Working Paper Inflation Stabilization in Reforming Socialist Economies: the Myth of the Monetary Overhang, Working Papers (1991) View citations (3) (1991)
  4. Production-Based Asset Pricing and the Link between Stock Returns and Economic Fluctuations
    Journal of Finance, 1991, 46, (1), 209-37 Downloads View citations (463)
  5. The response of consumption to income: A Cross-Country investigation: by J.Y. Campbell and N.G. Mankiw why test the permanent income hypothesis?
    European Economic Review, 1991, 35, (4), 757-764 Downloads View citations (6)
  6. Volatility tests and efficient markets: A review essay
    Journal of Monetary Economics, 1991, 27, (3), 463-485 Downloads View citations (98)
    See also Working Paper Volatility Tests and Efficient Markets: A Review Essay, NBER Working Papers (1991) Downloads View citations (80) (1991)

1989

  1. The Return of the Liquidity Effect: A Study of the Short-run Relation between Money Growth and Interest Rates
    Journal of Business & Economic Statistics, 1989, 7, (1), 75-83 View citations (54)
  2. The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives
    American Economic Review, 1989, 79, (3), 319-37 Downloads View citations (137)
    See also Working Paper The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives, NBER Working Papers (1988) Downloads View citations (29) (1988)

1988

  1. How Big Is the Random Walk in GNP?
    Journal of Political Economy, 1988, 96, (5), 893-920 Downloads View citations (668)
  2. Multivariate estimates of the permanent components of GNP and stock prices
    Journal of Economic Dynamics and Control, 1988, 12, (2-3), 255-296 Downloads View citations (44)

Books

2010

  1. The Squam Lake Report: Fixing the Financial System
    Economics Books, Princeton University Press View citations (110)
    See also Journal Article The Squam Lake Report: Fixing the Financial System, Journal of Applied Corporate Finance, Morgan Stanley (2010) Downloads View citations (120) (2010)

Edited books

2017

  1. The Fama Portfolio
    University of Chicago Press Economics Books, University of Chicago Press View citations (4)

2006

  1. Financial Markets and the Real Economy
    Books, Edward Elgar Publishing Downloads View citations (64)

Chapters

2017

  1. Michelson-Morley, Fisher, and Occam: The Radical Implications of Stable Quiet Inflation at the Zero Bound
    A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 113-226 View citations (34)

2015

  1. Conclusions and Solutions
    Chapter 7 in Inequality & Economic Policy, 2015 Downloads

2014

  1. Toward a Run-free Financial System
    Chapter 10 in Across the Great Divide: New Perspectives on the Financial Crisis, 2014 Downloads View citations (22)

2012

  1. Restoring Sound Economic Policy - Three Views
    Chapter 8 in Government Policies and the Delayed Economic Recovery, 2012 Downloads

2010

  1. Introduction
    A chapter in The Squam Lake Report: Fixing the Financial System, 2010 Downloads

2009

  1. Comment on "On the Need for a New Approach to Analyzing Monetary Policy"
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 427-448 Downloads

1999

  1. A Frictionless View of US Inflation
    A chapter in NBER Macroeconomics Annual 1998, volume 13, 1999, pp 323-421 Downloads View citations (23)
    See also Working Paper A Frictionless View of U.S. Inflation, National Bureau of Economic Research, Inc (1998) Downloads View citations (110) (1998)

1992

  1. Asset Pricing Explorations for Macroeconomics
    A chapter in NBER Macroeconomics Annual 1992, Volume 7, 1992, pp 115-182 Downloads View citations (214)
    See also Working Paper Asset Pricing Explorations for Macroeconomics, National Bureau of Economic Research, Inc (1992) Downloads View citations (212) (1992)
 
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