Details about Douglas Elmendorf

Access statistics for papers by Douglas Elmendorf.

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Short-id: pel79

Working Papers

2025

1. Dynamic Scoring: A Progress Report on Why, When, and How
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

2. Fiscal policy and the pandemic-era surge in US inflation: Lessons for the future
   Working Paper Series, Peterson Institute for International Economics
3. Tackling the UK's regional economic inequality: Binding constraints and avenues for policy intervention
   Working Paper Series, Peterson Institute for International Economics

2019

4. Taxation of Labor Income and the Demand for Risky Assets
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (7)
   NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations (15)
   See also Journal Article Taxation of Labor Income and the Demand for Risky Assets, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2000) View citations (46) (2000)
5. The Effect of Deficit-Reduction Laws on Real Interest Rates
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (8)
6. The Effect of Interest-Rate Changes on Household Saving and Consumption: A Survey
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (14)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (27)

2007

7. The evolution of household income volatility
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (36)
   See also Journal Article The Evolution of Household Income Volatility, The B.E. Journal of Economic Analysis & Policy, De Gruyter (2012) View citations (89) (2012)

2005

8. Can financial innovation help to explain the reduced volatility of economic activity?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (15)
   See also Journal Article Can financial innovation help to explain the reduced volatility of economic activity?, Journal of Monetary Economics, Elsevier (2006) View citations (229) (2006)

2001

9. Do provisional estimates of output miss economic turning points?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (36)
10. Fiscal Policy and Social Security Policy During the 1990s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2000

11. Should America save for its old age? Population aging, national saving, and fiscal policy
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (26)

1999

12. Government Debt
    Scholarly Articles, Harvard University Department of Economics View citations (62)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (18)
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1998) View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (20)
    See also Chapter Government debt, Handbook of Macroeconomics, Elsevier (1999) View citations (76) (1999)

1998

13. The effect of stock prices on the demand for money market mutual funds
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (8)

1997

14. Declining required reserves and the volatility of the federal funds rate
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (28)
15. Restraining the Leviathan: Property Tax Limitation in Massachusetts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1997) View citations (3)
    See also Journal Article Restraining the Leviathan: property tax limitation in Massachusetts, Journal of Public Economics, Elsevier (1999) View citations (32) (1999)

1995

16. The Deficit Gamble
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1995) View citations (10)
    See also Journal Article The Deficit Gamble, Journal of Money, Credit and Banking, Blackwell Publishing (1998) View citations (36) (1998)

1993

17. Actual Budget Deficit Expectations and Interest Rates
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (13)
18. Demographic Characteristics and the Public Bundle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (54)
    See also Journal Article Demographic Characteristics and the Public Bundle, Public Finance = Finances publiques (1993) View citations (50) (1993)

1992

19. The Effect of News on Bond Prices: Evidence from the United Kingdom 1900-1920
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article The Effect of News on Bond Prices: Evidence from the United Kingdom, 1900-1920, The Review of Economics and Statistics, MIT Press (1996) View citations (5) (1996)

1989

20. Budget Deficits, Tax Incentives and Inflation: A Surprising Lesson From The 1983-84 Recovery
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1987

21. Taxes, Budget Deficits ad Consumer Spending: Some New Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

Journal Articles

2024

1. Wolf, Martin. The Crisis of Democratic Capitalism
   Journal of Economic Literature, 2024, 62, (2), 818-20

2020

2. National Fiscal Policies to Fight Recessions in US States
   AEA Papers and Proceedings, 2020, 110, 131-36

2019

3. Our troubling fiscal situation
   Business Economics, 2019, 54, (2), 131-133

2017

4. Federal Budget Policy with an Aging Population and Persistently Low Interest Rates
   Journal of Economic Perspectives, 2017, 31, (3), 175-94 View citations (15)
5. Federal policy and economic growth
   Business Economics, 2017, 52, (3), 149-153 View citations (1)

2015

6. Designing Federal Budget Policy to Spur Economic Growth
   Business Economics, 2015, 50, (4), 162-168
7. “Dynamic Scoring”: Why and How to Include Macroeconomic Effects in Budget Estimates for Legislative Proposals
   Brookings Papers on Economic Activity, 2015, 46, (2 (Fall)), 91-149 View citations (3)

2014

8. CBO’s Outlook for the Economy in February 2014
   Business Economics, 2014, 49, (3), 142-148

2012

9. Choices for Federal Spending and Taxes
   Business Economics, 2012, 47, (3), 161-164
10. The Evolution of Household Income Volatility
    The B.E. Journal of Economic Analysis & Policy, 2012, 12, (2), 42 View citations (89)
    See also Working Paper The evolution of household income volatility, Finance and Economics Discussion Series (2007) View citations (36) (2007)

2011

11. Four Observations about the Federal Budget
    Business Economics, 2011, 46, (3), 139-143

2008

12. Distributional Effects of the 2001 and 2003 Tax Cuts: How Do Financing and Behavioral Responses Matter?
    National Tax Journal, 2008, 61, (3), 365-80 View citations (8)

2007

13. Macroeconomic implications of changes in micro volatility - discussion
    Proceedings, 2007, (Nov)

2006

14. Can financial innovation help to explain the reduced volatility of economic activity?
    Journal of Monetary Economics, 2006, 53, (1), 123-150 View citations (229)
    See also Working Paper Can financial innovation help to explain the reduced volatility of economic activity?, Finance and Economics Discussion Series (2005) View citations (15) (2005)
15. Financial innovation and the Great Moderation: what do household data say?
    Proceedings, 2006, (Nov) View citations (13)

2002

16. Short-Run Effects of Fiscal Policy With Forward-Looking Financial Markets
    National Tax Journal, 2002, 55, (3), 357-86 View citations (15)

2000

17. Should America Save for Its Old Age? Fiscal Policy, Population Aging, and National Saving
    Journal of Economic Perspectives, 2000, 14, (3), 57-74 View citations (57)
18. Social Security Reform and National Saving in an Era of Budget Surpluses
    Brookings Papers on Economic Activity, 2000, 31, (2), 1-72 View citations (12)
19. Taxation of Labor Income and the Demand for Risky Assets
    International Economic Review, 2000, 41, (3), 801-33 View citations (46)
    See also Working Paper Taxation of Labor Income and the Demand for Risky Assets, Finance and Economics Discussion Series (2019) (2019)

1999

20. Restraining the Leviathan: property tax limitation in Massachusetts
    Journal of Public Economics, 1999, 71, (3), 313-334 View citations (32)
    See also Working Paper Restraining the Leviathan: Property Tax Limitation in Massachusetts, NBER Working Papers (1997) View citations (2) (1997)

1998

21. The Deficit Gamble
    Journal of Money, Credit and Banking, 1998, 30, (4), 699-720 View citations (36)
    See also Working Paper The Deficit Gamble, NBER Working Papers (1995) View citations (15) (1995)

1996

22. The Effect of News on Bond Prices: Evidence from the United Kingdom, 1900-1920
    The Review of Economics and Statistics, 1996, 78, (2), 341-44 View citations (5)
    See also Working Paper The Effect of News on Bond Prices: Evidence from the United Kingdom 1900-1920, NBER Working Papers (1992) (1992)

1994

23. Labor Market Effects of the Administrator's Health Proposal
    National Tax Journal, 1994, 47, (3), 485-96

1993

24. Demographic Characteristics and the Public Bundle
    Public Finance = Finances publiques, 1993, 48, (Supplement), 178-98 View citations (50)
    See also Working Paper Demographic Characteristics and the Public Bundle, NBER Working Papers (1993) View citations (54) (1993)

1990

25. Government Debt, Government Spending, and Private Sector Behavior Revisited: Comment
    American Economic Review, 1990, 80, (3), 589-99 View citations (29)

Chapters

2017

1. Comment on chapters 1 and 2
   A chapter in Education, Skills, and Technical Change: Implications for Future US GDP Growth, 2017, pp 111-114

2012

2. Comment on "Game Over: Simulating Unsustainable Fiscal Policy"
   A chapter in Fiscal Policy after the Financial Crisis, 2012, pp 202-209

2009

3. Comment on "Reducing Social Security PRA Risk at the Individual Level: Lifecycle Funds and No-Loss Strategies"
   A chapter in Social Security Policy in a Changing Environment, 2009, pp 292-298

1999

4. Government debt
   Chapter 25 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1615-1669 View citations (76)
   See also Working Paper Government Debt, Harvard University Department of Economics (1999) View citations (62) (1999)

1989

5. Budget Deficits, Tax Incentives, and Inflation: A Surprising Lesson from the 1983–1984 Recovery
   A chapter in Tax Policy and the Economy, Volume 3, 1989, pp 1-24 View citations (1)