Details about Martin Eichenbaum

E-mail:
Homepage:	https://faculty.wcas.northwestern.edu/~yona/
Phone:	847-491-8232
Postal address:	Department of Economics Northwestern University 2211 Campus Drive Evanston, IL 60208-2600
Workplace:	Department of Economics, Northwestern University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Martin Eichenbaum.

Last updated 2022-06-15. Update your information in the RePEc Author Service.

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Working Papers

2022

1. Epidemics in the Neoclassical and New-Keynesian Models
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
2. Expectations, Infections, and Economic Activity
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (4)
3. The Macroeconomics of Testing and Quarantining
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (33)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (33)

2021

4. Fiscal Policy at the Zero Lower Bound without Rational Expectations
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
5. Inequality in Life and Death
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   See also Journal Article in IMF Economic Review (2022)

2020

6. Epidemics in the New Keynesian Model
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
7. State Dependent Effects of Monetary Policy: the Refinancing Channel
   Working Papers, Princeton University. Economics Department. View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (26)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (25)
   See also Journal Article in American Economic Review (2022)
8. The Macroeconomics of Epidemics
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (634)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (625)
   See also Journal Article in Review of Financial Studies (2021)
9. Why is Unemployment so Countercyclical?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   See also Journal Article in Review of Economic Dynamics (2021)

2018

10. Does the New Keynesian Model Have a Uniqueness Problem?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
11. On DSGE Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    See also Journal Article in Journal of Economic Perspectives (2018)

2017

12. Monetary Policy and the Predictability of Nominal Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2017) View citations (15)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (29)
    See also Journal Article in Review of Economic Studies (2021)

2015

13. Long-run Bulls and Bears
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (23)
    See also Journal Article in Journal of Monetary Economics (2015)

2014

14. Understanding the Great Recession
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (41)
    See also Chapter (2013)
    Journal Article in American Economic Journal: Macroeconomics (2015)

2013

15. Unemployment and Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2013) View citations (15)
    See also Journal Article in Econometrica (2016)

2012

16. How Frequent Are Small Price Changes?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (56)
    See also Journal Article in American Economic Journal: Macroeconomics (2014)
17. Understanding Booms and Busts in Housing Markets
    2012 Meeting Papers, Society for Economic Dynamics View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (98)
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2012) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (103)
    See also Journal Article in Journal of Political Economy (2016)
18. Valuation Risk and Asset Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (14)
    See also Journal Article in Journal of Finance (2016)

2011

19. Carry Trade and Momentum in Currency Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (108)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (111)
    See also Journal Article in Annual Review of Financial Economics (2011)

2010

20. Do Peso Problems Explain the Returns to the Carry Trade?
    Working Papers, Duke University, Department of Economics View citations (39)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (52)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (45)
    See also Journal Article in Review of Financial Studies (2011)
21. Firm-specific capital, nominal rigidities and the business cycle
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (128)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (39)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2004) View citations (104)
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2004) View citations (111)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (195)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (243)
    See also Journal Article in Review of Economic Dynamics (2011)
22. Reference Prices and Nominal Rigidities
    2010 Meeting Papers, Society for Economic Dynamics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (58)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (46)
23. When is the government spending multiplier large?
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (242)
    See also Journal Article in Journal of Political Economy (2011)

2007

24. The Returns to Currency Speculation in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (109)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (108)
    See also Journal Article in American Economic Review (2007)
25. Understanding the Forward Premium Puzzle: A Microstructure Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (17)
    See also Journal Article in American Economic Journal: Macroeconomics (2009)

2006

26. Assessing Structural VARs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (175)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2006) View citations (75)
    See also Chapter (2007)
27. The Returns to Currency Speculation
    2006 Meeting Papers, Society for Economic Dynamics View citations (109)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (111)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (117)

2005

28. Alternative procedures for estimating vector autoregressions identified with long-run restrictions
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    See also Journal Article in Journal of the European Economic Association (2006)
29. Assessing the Usefulness of Structural Vector Autoregressions
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
30. Evaluating Models of Sticky Prices
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (6)
31. Government Finance in the Wake of Currency Crises
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (18)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (17)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2003) View citations (17)
    See also Journal Article in Journal of Monetary Economics (2006)
32. Modeling Exchange Rate Passthrough After Large Devaluations
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (11)
    See also Journal Article in Journal of Monetary Economics (2007)
33. Online Appendix to "Firm-Specific Capital, Nominal Rigidities and the Business Cycle"
    Online Appendices, Review of Economic Dynamics View citations (59)
    See also Journal Article in Review of Economic Dynamics (2011)
34. The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2005) View citations (18)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (19)
    See also Journal Article in Japan and the World Economy (2006)

2004

35. Evaluating the Calvo Model of Sticky Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (140)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2003) View citations (18)
36. Fiscal Policy in the Aftermath of 9/11
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (7)
    See also Journal Article in Journal of Money, Credit and Banking (2005)
37. Large Devaluations and the Real Exchange Rate
    2004 Meeting Papers, Society for Economic Dynamics View citations (37)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (21)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2004) View citations (21)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (22)
    See also Journal Article in Journal of Political Economy (2005)
38. The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (130)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (18)
    See also Journal Article in Journal of the European Economic Association (2004)

2003

39. Fiscal Shocks and Their Consequences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
    See also Journal Article in Journal of Economic Theory (2004)
40. How do Canadian hours worked respond to a technology shock?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
41. What Happens After a Technology Shock?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (400)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2003) View citations (235)
42. Why is Inflation so Low after Large Devaluations?
    CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies View citations (8)

2002

43. Why Are Rates of Inflation So Low After Large Devaluations?
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (84)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (76)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (105)

2001

44. Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (504)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2001) View citations (504)
    Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (402)
    See also Journal Article in Journal of Political Economy (2005)
45. On the Fiscal Implications of Twin Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2001) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (8)
    Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (4)
    See also Chapter (2003)

2000

46. Assessing the Effects of Fiscal Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (17)
47. Fiscal Shocks in an Efficiency Wage Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (7)
48. On the Fundamentals of Self-Fulfilling Prophecies
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
49. On the Fundamentals of Self-Fulfilling Speculative Attacks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (21)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (25)

1999

50. Hedging and Financial Fragilities in Fixed Exchange Rate Regimes
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (15)
51. Hedging and Financial Fragility in Fixed Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (67)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (70)
    Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (70)
    See also Journal Article in European Economic Review (2001)
52. Prospective deficits and the asian currency crisis
    Policy Research Working Paper Series, The World Bank View citations (12)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1998) View citations (33)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (19)
    Working Paper Series, Federal Reserve Bank of Chicago (1998) View citations (48)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (36)
    See also Journal Article in Journal of Political Economy (2001)

1998

53. Modeling Money
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (73)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (7)
54. Monetary Policy Shocks: What Have We Learned and to What End?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (594)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997) View citations (30)
    See also Chapter (1999)
55. Understanding the Effects of a Shock to Government Purchases
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (1998) View citations (47)
    See also Journal Article in Review of Economic Dynamics (1999)

1996

56. Expectation Traps and Discretion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (4)
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1996) View citations (9)
    See also Journal Article in Journal of Economic Theory (1998)
57. Sticky Price and Limited Participation Models of Money: A Comparison
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (66)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1996) View citations (9)
    See also Journal Article in European Economic Review (1997)

1995

58. Capital Utilization and Returns to Scale
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (269)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (204)
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (267)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (274)
    See also Chapter (1995)
59. Inside Money, Outside Money and Short Term Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (105)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (56)
    See also Journal Article in Journal of Money, Credit and Banking (1995)
60. Sectoral Solow Residuals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (6)
    See also Journal Article in European Economic Review (1996)

1994

61. Factor Hoarding and the Propagation of Business Cycles Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    See also Journal Article in American Economic Review (1996)
62. Identification and the effects of monetary policy shocks
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (52)
63. Small Sample Properties of Generalized Method of Moments Based Wald Tests
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994) View citations (12)
64. The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (85)
65. The effects of monetary policy shocks: evidence from the Flow of Funds
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (76)
    See also Journal Article in The Review of Economics and Statistics (1996)

1993

66. Some Empirical Evidence on the Effects of Monetary Policy Shocks on Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1992) View citations (34)

1992

67. Liquidity Effects and the Monetary Transmission Mechanism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (284)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1992) View citations (242)
    See also Journal Article in American Economic Review (1992)
68. Liquidity Effects, Monetary Policy, and the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1992) View citations (28)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (38)
    See also Journal Article in Journal of Money, Credit and Banking (1995)

1991

69. Identification and the Liquidity Effect of a Monetary Policy Shock
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
70. Liquidity effects, monetary policy, and the business cycle (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (4)

1990

71. Current real business cycle theories and aggregate labor market fluctuations
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (22)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations (180)
    See also Journal Article in American Economic Review (1992)
72. Labor Hoarding and the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (194)
    See also Journal Article in Journal of Political Economy (1993)
73. Real Business Cycle Theory: Wisdom or Whimsy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1990) View citations (4)
    See also Journal Article in Journal of Economic Dynamics and Control (1991)
74. The Output, Employment, and Interest Rate Effects of Government Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1990) View citations (35)
    Working Papers, Federal Reserve Bank of Minneapolis (1990) View citations (21)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1990) View citations (30)
    See also Journal Article in Journal of Monetary Economics (1992)
75. The permanent income hypothesis revisited
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (5)
    See also Journal Article in Econometrica (1991)
76. Unit roots in real GNP: do we know, and do we care?
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (60)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (47)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1989) View citations (26)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1990)

1988

77. Is Theory Really Ahead of Measurement? Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
78. Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article in American Economic Review (1989)

1987

79. Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article in Journal of Business & Economic Statistics (1990)
80. Temporal aggregation and structural inference in macroeconomics
    Working Papers, Federal Reserve Bank of Minneapolis View citations (40)
    Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1986) View citations (13)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1987)
81. Temporal aggregation and the stock adjustment model of inventories
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)

1986

82. A Time Series Analysis of Representative Agent Models of Consumption andLeisure Choice Under Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article in The Quarterly Journal of Economics (1988)
83. A continuous time, general equilibrium, inventory-sales model
    Working Papers, Federal Reserve Bank of Minneapolis
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1985) View citations (1)
84. Capital Accumulation and Annuities in an Adverse Selection Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Journal Article in Journal of Political Economy (1987)
85. Do Equilibrium Real Business Cycle Theories Explain Post-War U.S. Business Cycles?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
    See also Chapter (1986)

Journal Articles

2022

1. Inequality in Life and Death
   IMF Economic Review, 2022, 70, (1), 68-104 View citations (2)
   See also Working Paper (2021)
2. State-Dependent Effects of Monetary Policy: The Refinancing Channel
   American Economic Review, 2022, 112, (3), 721-61 View citations (10)
   See also Working Paper (2020)

2021

3. Editorial
   NBER Macroeconomics Annual, 2021, 35, (1), xi - xvii
4. Monetary Policy and the Predictability of Nominal Exchange Rates
   Review of Economic Studies, 2021, 88, (1), 192-228 View citations (10)
   See also Working Paper (2017)
5. The Macroeconomics of Epidemics
   (Economic activity and the spread of viral diseases: Evidence from high frequency data)
   Review of Financial Studies, 2021, 34, (11), 5149-5187 View citations (94)
   See also Working Paper (2020)
6. Why is Unemployment so Countercyclical?
   Review of Economic Dynamics, 2021, 41, 4-37 View citations (5)
   See also Working Paper (2020)

2020

7. BRIDGING THE COVID-19 RECESSION: THE DON PATINKIN LECTURE
   Israel Economic Review, 2020, 18, (1), 81-90
8. Editorial
   NBER Macroeconomics Annual, 2020, 34, (1), xi - xviii

2019

9. Editorial
   NBER Macroeconomics Annual, 2019, 33, (1), xi - xvii

2018

10. Editorial
    NBER Macroeconomics Annual, 2018, 32, (1), xiii - xxi
11. On DSGE Models
    Journal of Economic Perspectives, 2018, 32, (3), 113-40 View citations (52)
    See also Working Paper (2018)
12. Understanding the Volatility of the Canadian Exchange Rate
    C.D. Howe Institute Commentary, 2018, (502)

2017

13. Editorial
    NBER Macroeconomics Annual, 2017, 31, (1), xiii - xvii

2016

14. Editorial
    NBER Macroeconomics Annual, 2016, 30, (1), xi - xiv
15. Understanding Booms and Busts in Housing Markets
    Journal of Political Economy, 2016, 124, (4), 1088 - 1147 View citations (149)
    See also Working Paper (2012)
16. Unemployment and Business Cycles
    Econometrica, 2016, 84, (4), 1523-1569 View citations (42)
    Also in Econometrica, 2016, 84, 1523-1569 (2016) View citations (108)
    See also Working Paper (2013)
17. Valuation Risk and Asset Pricing
    Journal of Finance, 2016, 71, (6), 2861-2904 View citations (62)
    See also Working Paper (2012)

2015

18. Comment
    NBER Macroeconomics Annual, 2015, 29, (1), 129 - 145
19. Long-run bulls and bears
    Journal of Monetary Economics, 2015, 76, (S), S21-S36 View citations (23)
    See also Working Paper (2015)
20. Understanding the Great Recession
    American Economic Journal: Macroeconomics, 2015, 7, (1), 110-67 View citations (248)
    See also Working Paper (2014)
    Chapter (2013)

2014

21. How Frequent Are Small Price Changes?
    American Economic Journal: Macroeconomics, 2014, 6, (2), 137-55 View citations (52)
    See also Working Paper (2012)

2012

22. Comment
    NBER Macroeconomics Annual, 2012, 26, (1), 49 - 60

2011

23. Carry Trade and Momentum in Currency Markets
    Annual Review of Financial Economics, 2011, 3, (1), 511-535 View citations (108)
    See also Working Paper (2011)
24. Do Peso Problems Explain the Returns to the Carry Trade?
    Review of Financial Studies, 2011, 24, (3), 853-891 View citations (228)
    See also Working Paper (2010)
25. Firm-Specific Capital, Nominal Rigidities and the Business Cycle
    Review of Economic Dynamics, 2011, 14, (2), 225-247 View citations (254)
    See also Working Paper (2010)
    Working Paper (2005)
    Software Item (2010)
26. Reference Prices, Costs, and Nominal Rigidities
    American Economic Review, 2011, 101, (1), 234-62 View citations (193)
27. When Is the Government Spending Multiplier Large?
    Journal of Political Economy, 2011, 119, (1), 78 - 121 View citations (1413)
    See also Working Paper (2010)

2009

28. Understanding the Forward Premium Puzzle: A Microstructure Approach
    American Economic Journal: Macroeconomics, 2009, 1, (2), 127-54 View citations (64)
    See also Working Paper (2007)

2008

29. Carry Trade: The Gains of Diversification
    Journal of the European Economic Association, 2008, 6, (2-3), 581-588 View citations (44)

2007

30. Estimating the frequency of price re-optimization in Calvo-style models
    Journal of Monetary Economics, 2007, 54, (7), 2032-2047 View citations (117)
31. Modeling exchange rate passthrough after large devaluations
    Journal of Monetary Economics, 2007, 54, (2), 346-368 View citations (70)
    See also Working Paper (2005)
32. The Returns to Currency Speculation in Emerging Markets
    American Economic Review, 2007, 97, (2), 333-338 View citations (109)
    See also Working Paper (2007)

2006

33. Alternative Procedures for Estimating Vector Autoregressions Identified with Long-Run Restrictions
    Journal of the European Economic Association, 2006, 4, (2-3), 475-483 View citations (22)
    See also Working Paper (2005)
34. Government finance in the wake of currency crises
    Journal of Monetary Economics, 2006, 53, (3), 401-440 View citations (26)
    See also Working Paper (2005)
35. The importance of nontradable goods' prices in cyclical real exchange rate fluctuations
    Japan and the World Economy, 2006, 18, (3), 247-253 View citations (33)
    See also Working Paper (2005)

2005

36. Fiscal Policy in the Aftermath of 9/11
    Journal of Money, Credit and Banking, 2005, 37, (1), 1-22 View citations (42)
    See also Working Paper (2004)
37. Large Devaluations and the Real Exchange Rate
    Journal of Political Economy, 2005, 113, (4), 742-784 View citations (346)
    See also Working Paper (2004)
38. Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
    Journal of Political Economy, 2005, 113, (1), 1-45 View citations (5018)
    Also in Proceedings, 2001, (Jun) (2001) View citations (313)
    See also Working Paper (2001)

2004

39. Fiscal shocks and their consequences
    Journal of Economic Theory, 2004, 115, (1), 89-117 View citations (336)
    See also Working Paper (2003)
40. Government guarantees and self-fulfilling speculative attacks
    Journal of Economic Theory, 2004, 119, (1), 31-63 View citations (84)
41. The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
    Journal of the European Economic Association, 2004, 2, (2-3), 381-395 View citations (123)
    See also Working Paper (2004)

2003

42. Testing the Calvo model of sticky prices
    Economic Perspectives, 2003, 27, (Q II), 40-53 View citations (17)

2001

43. Hedging and financial fragility in fixed exchange rate regimes
    European Economic Review, 2001, 45, (7), 1151-1193 View citations (145)
    See also Working Paper (1999)
44. Prospective Deficits and the Asian Currency Crisis
    Journal of Political Economy, 2001, 109, (6), 1155-1197 View citations (181)
    See also Working Paper (1999)

2000

45. Understanding the Korean and Thai currency crises
    Economic Perspectives, 2000, 25, (Q III), 45-60 View citations (3)

1999

46. The Research Agenda: Larry Christiano and Martin Eichenbaum write about their current research program on the monetary transmission mechanism
    EconomicDynamics Newsletter, 1999, 1, (1) View citations (5)
47. Understanding the Effects of a Shock to Government Purchases
    Review of Economic Dynamics, 1999, 2, (1), 166-206 View citations (244)
    See also Working Paper (1998)

1998

48. Costly capital reallocation and the effects of government spending: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 195-209 View citations (6)
49. Expectation Traps and Discretion
    Journal of Economic Theory, 1998, 81, (2), 462-492 View citations (116)
    See also Working Paper (1996)
50. How does an increase in government purchases affect economy?
    Economic Perspectives, 1998, 22, (Q III), 29-43 View citations (2)

1997

51. Dynamic effects of monetary policy; a conference sponsored by the Federal Reserve Bank of Cleveland, November 6-8, 1996
    Proceedings, 1997, (Nov)
52. Some Thoughts on Practical Stabilization Policy
    American Economic Review, 1997, 87, (2), 236-39 View citations (48)
53. Sticky price and limited participation models of money: A comparison
    European Economic Review, 1997, 41, (6), 1201-1249 View citations (367)
    See also Working Paper (1996)

1996

54. Factor-Hoarding and the Propagation of Business-Cycle Shocks
    American Economic Review, 1996, 86, (5), 1154-74 View citations (327)
    See also Working Paper (1994)
55. Sectoral Solow residuals
    European Economic Review, 1996, 40, (3-5), 861-869 View citations (66)
    See also Working Paper (1995)
56. Small-Sample Properties of GMM-Based Wald Tests
    Journal of Business & Economic Statistics, 1996, 14, (3), 294-308 View citations (49)
57. Some comments on the role of econometrics in economic theory
    Economic Perspectives, 1996, 20, (Jan), 22-31 View citations (5)
    Also in Economic Journal, 1995, 105, (433), 1609-21 (1995) View citations (11)
58. The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds
    The Review of Economics and Statistics, 1996, 78, (1), 16-34 View citations (726)
    Also in Proceedings, 1994, (Apr) (1994) View citations (39)
    See also Working Paper (1994)

1995

59. Inside Money, Outside Money, and Short-Term Interest Rates
    Journal of Money, Credit and Banking, 1995, 27, (4), 1354-86 View citations (103)
    Also in Proceedings, 1994, 1354-1401 (1994) View citations (16)
    See also Working Paper (1995)
60. Liquidity Effects, Monetary Policy, and the Business Cycle
    Journal of Money, Credit and Banking, 1995, 27, (4), 1113-36 View citations (147)
    See also Working Paper (1992)
61. Some Empirical Evidence on the Effects of Shocks to Monetary Policy on Exchange Rates
    The Quarterly Journal of Economics, 1995, 110, (4), 975-1009 View citations (653)

1993

62. Interest rate smoothing in an equilibrium business cycle model
    Proceedings, 1993, (Mar) View citations (4)
63. Labor Hoarding and the Business Cycle
    Journal of Political Economy, 1993, 101, (2), 245-73 View citations (323)
    See also Working Paper (1990)

1992

64. 'Interpreting the macroeconomic time series facts: The effects of monetary policy': by Christopher Sims
    European Economic Review, 1992, 36, (5), 1001-1011 View citations (151)
65. Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations
    American Economic Review, 1992, 82, (3), 430-50 View citations (671)
    See also Working Paper (1990)
66. Liquidity Effects and the Monetary Transmission Mechanism
    American Economic Review, 1992, 82, (2), 346-53 View citations (307)
    See also Working Paper (1992)
67. Liquidity effects, the monetary transmission mechanism, and monetary policy
    Economic Perspectives, 1992, 16, (Nov), 2-14 View citations (71)
68. The output, employment, and interest rate effects of government consumption
    Journal of Monetary Economics, 1992, 30, (1), 73-86 View citations (169)
    See also Working Paper (1990)

1991

69. Real business-cycle theory: Wisdom or whimsy?
    Journal of Economic Dynamics and Control, 1991, 15, (4), 607-626 View citations (44)
    See also Working Paper (1990)
70. Technology shocks and the business cycle
    Economic Perspectives, 1991, 15, (Mar), 14-31
71. The Permanent Income Hypothesis Revisited
    Econometrica, 1991, 59, (2), 397-423 View citations (76)
    See also Working Paper (1990)

1990

72. Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data
    Journal of Business & Economic Statistics, 1990, 8, (1), 53-69 View citations (164)
    See also Working Paper (1987)
73. Unit roots in real GNP: Do we know, and do we care?
    Carnegie-Rochester Conference Series on Public Policy, 1990, 32, (1), 7-61 View citations (130)
    See also Working Paper (1990)

1989

74. Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment
    American Economic Review, 1989, 79, (4), 853-64 View citations (115)
    See also Working Paper (1988)

1988

75. A Time Series Analysis of Representative Agent Models of Consumption and Leisure Choice Under Uncertainty
    The Quarterly Journal of Economics, 1988, 103, (1), 51-78 View citations (341)
    See also Working Paper (1986)

1987

76. Capital Accumulation and Annuities in an Adverse Selection Economy
    Journal of Political Economy, 1987, 95, (2), 334-54 View citations (28)
    See also Working Paper (1986)
77. Temporal aggregation and structural inference in macroeconomics
    Carnegie-Rochester Conference Series on Public Policy, 1987, 26, (1), 63-130 View citations (71)
    See also Working Paper (1987)

1985

78. A shred of evidence on public acceptance of privately issued currency
    Quarterly Review, 1985, 9, (Win) View citations (1)
79. The Distribution of Wealth and Welfare in the Presence of Incomplete Annuity Markets
    The Quarterly Journal of Economics, 1985, 100, (3), 789-806 View citations (17)
80. Uncertain lifetimes and the welfare enhancing properties of annuity markets and social security
    Journal of Public Economics, 1985, 26, (3), 303-326 View citations (85)
81. Vector autoregressions for causal inference? comment
    Carnegie-Rochester Conference Series on Public Policy, 1985, 22, (1), 305-318 View citations (4)

1984

82. Rational expectations and the smoothing properties of inventories of finished goods
    Journal of Monetary Economics, 1984, 14, (1), 71-96 View citations (44)

1983

83. A rational expectations equilibrium model of inventories of finished goods and employment
    Journal of Monetary Economics, 1983, 12, (2), 259-277 View citations (16)

Books

2022

1. NBER Macroeconomics Annual 2021, volume 36
   NBER Books, National Bureau of Economic Research, Inc

2021

2. NBER Macroeconomics Annual 2020, volume 35
   NBER Books, National Bureau of Economic Research, Inc

2020

3. NBER Macroeconomics Annual 2019, volume 34
   NBER Books, National Bureau of Economic Research, Inc View citations (1)

2019

4. NBER Macroeconomics Annual 2018, volume 33
   NBER Books, National Bureau of Economic Research, Inc View citations (4)

2018

5. NBER Macroeconomics Annual 2017, volume 32
   NBER Books, National Bureau of Economic Research, Inc

2017

6. NBER Macroeconomics Annual 2016, Volume 31
   NBER Books, National Bureau of Economic Research, Inc View citations (57)

2016

7. NBER Macroeconomics Annual 2015, Volume 30
   NBER Books, National Bureau of Economic Research, Inc View citations (8)

Edited books

2022

1. NBER Macroeconomics Annual 2021
   National Bureau of Economic Research Books, University of Chicago Press

2021

2. NBER Macroeconomics Annual 2020
   National Bureau of Economic Research Books, University of Chicago Press

2020

3. NBER Macroeconomics Annual 2019
   National Bureau of Economic Research Books, University of Chicago Press View citations (5)

2019

4. NBER Macroeconomics Annual 2018
   National Bureau of Economic Research Books, University of Chicago Press View citations (9)

2018

5. NBER Macroeconomics Annual 2017
   National Bureau of Economic Research Books, University of Chicago Press View citations (14)

Undated

6. NBER Macroeconomics Annual 2016
   National Bureau of Economic Research Books, University of Chicago Press View citations (199)

Chapters

2022

1. Editorial in "NBER Macroeconomics Annual 2022, volume 37"
   A chapter in NBER Macroeconomics Annual 2022, volume 37, 2022, pp -11--5

2021

2. Editorial in "NBER Macroeconomics Annual 2021, volume 36"
   A chapter in NBER Macroeconomics Annual 2021, volume 36, 2021, pp -11--5

2020

3. Editorial in "NBER Macroeconomics Annual 2020, volume 35"
   A chapter in NBER Macroeconomics Annual 2020, volume 35, 2020

2019

4. Editorial in "NBER Macroeconomics Annual 2019, volume 34"
   A chapter in NBER Macroeconomics Annual 2019, volume 34, 2019 View citations (1)

2018

5. Lessons from the Quiet Zero Lower Bound
   Chapter 3 in The Structural Foundations of Monetary Policy, 2018

2017

6. Editorial in "NBER Macroeconomics Annual 2017, volume 32"
   A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017

2016

7. Editorial in "NBER Macroeconomics Annual 2016, Volume 31"
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016

2015

8. Editorial in "NBER Macroeconomics Annual 2015, Volume 30"
   A chapter in NBER Macroeconomics Annual 2015, Volume 30, 2015, pp -5--8

2014

9. Comment on "Quantifying the Lasting Harm to the US Economy from the Financial Crisis"
   A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 129-145

2013

10. Understanding the Great Recession
    A chapter in Lessons from the Financial Crisis for Monetary Policy, 2013 View citations (5)
    See also Journal Article in American Economic Journal: Macroeconomics (2015)
    Working Paper (2014)

2011

11. Comment on "Natural Expectations, Macroeconomic Dynamics, and Asset Pricing"
    A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 49-60 View citations (1)

2007

12. Assessing Structural VARs
    A chapter in NBER Macroeconomics Annual 2006, Volume 21, 2007, pp 1-106 View citations (66)
    See also Working Paper (2006)

2003

13. On the Fiscal Implications of Twin Crises
    A chapter in Managing Currency Crises in Emerging Markets, 2003, pp 187-223 View citations (20)
    See also Working Paper (2001)

1999

14. Monetary policy shocks: What have we learned and to what end?
    Chapter 02 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 65-148 View citations (2252)
    See also Working Paper (1998)

1995

15. Capital Utilization and Returns to Scale
    A chapter in NBER Macroeconomics Annual 1995, Volume 10, 1995, pp 67-124 View citations (253)
    See also Working Paper (1995)

1987

16. Erratum: Do Equilibrium Real Business Cycle Theories Explain Postwar US Business Cycles?
    A chapter in NBER Macroeconomics Annual 1987, Volume 2, 1987, pp 317-321

1986

17. Do Equilibrium Real Business Cycle Theories Explain Postwar US Business Cycles?
    A chapter in NBER Macroeconomics Annual 1986, Volume 1, 1986, pp 91-146 View citations (63)
    See also Working Paper (1986)

Software Items

2021

1. Code and data files for "Why is Unemployment so Countercyclical?"
   Computer Codes, Review of Economic Dynamics

2010

2. Code files for "Firm-Specific Capital, Nominal Rigidities and the Business Cycle"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2011)

2001

3. Matlab code for On the Fiscal Implications of Twin Crises
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles