Details about Mark Gertler

E-mail:
Homepage:	http://www.econ.nyu.edu/user/gertlerm/
Workplace:	Department of Economics, New York University (NYU), (more information at EDIRC)

Access statistics for papers by Mark Gertler.

Last updated 2022-06-07. Update your information in the RePEc Author Service.

Short-id: pge11

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Working Papers

2022

1. Economic Winners Versus Losers and the Unequal Pandemic Recession
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Temporary Layoffs, Loss-of-Recall and Cyclical Unemployment Dynamics
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

3. Credit Booms, Financial Crises and Macroprudential Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   See also Journal Article in Review of Economic Dynamics (2020)
4. Online Appendix to "Credit Booms, Financial Crises, and Macroprudential Policy"
   Online Appendices, Review of Economic Dynamics View citations (4)
   See also Journal Article in Review of Economic Dynamics (2020)

2018

5. A Macroeconomic Model with Financial Panics
   2018 Meeting Papers, Society for Economic Dynamics View citations (23)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2017) View citations (17)
   NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (26)
   See also Journal Article in Review of Economic Studies (2020)
6. Stock Price Fluctuations and Productivity Growth
   2018 Meeting Papers, Society for Economic Dynamics View citations (3)
7. What Happened: Financial Factors in the Great Recession
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (80)
   See also Journal Article in Journal of Economic Perspectives (2018)

2017

8. Rethinking the Power of Forward Guidance: Lessons from Japan
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
   Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2017) View citations (19)

2016

9. Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (83)
   See also Journal Article in American Economic Journal: Macroeconomics (2019)
10. Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (6)
    BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy (2016) View citations (51)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (51)
11. Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (72)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (66)
    See also Chapter (2016)
12. anticipated banking panics
    2016 Meeting Papers, Society for Economic Dynamics View citations (6)
    See also Journal Article in American Economic Review (2016)

2015

13. Monetary Policy Surprises, Credit Costs, and Economic Activity
    2015 Meeting Papers, Society for Economic Dynamics View citations (880)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (25)
    See also Journal Article in American Economic Journal: Macroeconomics (2015)
    Chapter (2013)

2014

14. Banking, Liquidity and Bank Runs in an Infinite Horizon Economy
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (39)
    2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (40)
    See also Journal Article in American Economic Review (2015)

2012

15. Large Scale Asset Purchases as a Tool of Monetary Policy
    2012 Meeting Papers, Society for Economic Dynamics View citations (18)

2009

16. Changes in Growth Potential and Endogenous Technology Diffusion as Sources of Output and Asset Price Fluctuations
    2009 Meeting Papers, Society for Economic Dynamics View citations (2)
17. Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations
    Working Papers, Federal Reserve Bank of St. Louis View citations (39)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (69)
    Harvard Business School Working Papers, Harvard Business School (2009) View citations (52)

2008

18. An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (372)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (23)
    See also Journal Article in Journal of Money, Credit and Banking (2008)
19. Current Account Dynamics and Monetary Policy
    2008 Meeting Papers, Society for Economic Dynamics View citations (40)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations (20)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (52)
    See also Chapter (2007)

2007

20. Macroeconomic Modeling for Monetary Policy Evaluation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (189)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2007) View citations (171)
    See also Journal Article in Journal of Economic Perspectives (2007)
21. Unemployment Fluctuation with Staggered Nash Wage Bargaining
    CFS Working Paper Series, Center for Financial Studies
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (97)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (74)
    Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations (119)
    See also Journal Article in Journal of Political Economy (2009)

2006

22. A Phillips Curve with an Ss Foundation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2006) View citations (22)
    See also Journal Article in Journal of Political Economy (2008)

2005

23. Markups, gaps and the welfare costs of business fluctuations
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (56)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003)
    Working Papers, Barcelona School of Economics (2003) View citations (23)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (99)
    Working Papers, Banco de España (2002) View citations (52)
    See also Journal Article in The Review of Economics and Statistics (2007)
24. Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve
    Working Papers, Banco de España View citations (348)
    Also in Working Papers, Barcelona School of Economics (2003) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (348)
    See also Journal Article in Journal of Monetary Economics (2005)
25. Unemployment Dynamics with Staggered Nash Wage Bargaining
    2005 Meeting Papers, Society for Economic Dynamics View citations (15)

2004

26. State-Dependent Pricing and the New Keynesian Phillips Curve
    2004 Meeting Papers, Society for Economic Dynamics

2003

27. External Constraints on Monetary Policy and the Financial Accelerator
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (144)
    Also in BIS Working Papers, Bank for International Settlements (2003) View citations (99)
    See also Journal Article in Journal of Money, Credit and Banking (2007)
28. Medium Term Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article in American Economic Review (2006)
29. The euro area inefficiency gap
    Working Papers, Banco de España View citations (5)

2002

30. A Simple Framework for International Monetary Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (557)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (543)
    See also Journal Article in Journal of Monetary Economics (2002)

2001

31. European Inflation Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (751)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (781)
    Working Papers, Banco de España (2000) View citations (26)
    See also Journal Article in European Economic Review (2001)
32. Optimal Monetary Policy in Closed versus Open Economies: An Integrated Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (138)

2000

33. Inflation Dynamics: A Structural Econometric Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (146)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1998) View citations (17)
    See also Journal Article in Journal of Monetary Economics (1999)
34. Monetary Policy and Asset Price Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (218)
    See also Journal Article in Economic Review (1999)
35. The Information in the High Yield Bond Spread for the Business Cycle: Evidence and Some Implications
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (54)
    See also Journal Article in Oxford Review of Economic Policy (1999)

1999

36. Inflation Dynamics: A Structural Economic Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (947)
37. Monetary policy rules and macroeconomic stability: Evidence and some theory
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (193)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (250)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1998) View citations (184)
    See also Journal Article in The Quarterly Journal of Economics (2000)
38. The Science of Monetary Policy: A New Keynesian Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3075)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1999) View citations (3125)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (3071)
    See also Journal Article in Journal of Economic Literature (1999)

1998

39. "Overreaction" of Asset Prices in General Equilibrium
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (7)
    See also Journal Article in Review of Economic Dynamics (1999)
40. The Financial Accelerator in a Quantitative Business Cycle Framework
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (299)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (580)
    See also Chapter (1999)

1997

41. Asset Returns with transaction costs and uninsured individual risk
    Levine's Working Paper Archive, David K. Levine View citations (7)
    See also Journal Article in Journal of Monetary Economics (1991)
42. Government Debt and Social Security in a Life-Cycle Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1997) View citations (22)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1999)
43. Monetary Policy Rules in Practice: Some International Evidence
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (90)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (90)
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (189)
    See also Journal Article in European Economic Review (1998)
44. Systematic Monetary Policy and the Effects of Oil Price Shocks
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (866)
    See also Journal Article in Brookings Papers on Economic Activity (1997)

1996

45. How the Bundesbank Conducts Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (155)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1996) View citations (95)
    See also Chapter (1997)

1995

46. Are Banks Dead? Or Are the Reports Greatly Exaggerated?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1994) View citations (58)
    Proceedings, Federal Reserve Bank of Chicago (1994) View citations (37)
    See also Journal Article in Quarterly Review (1994)
47. Inside the Black Box: The Credit Channel of Monetary Policy Transmission
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (2319)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (2478)
    See also Journal Article in Journal of Economic Perspectives (1995)

1994

48. The Financial Accelerator and the Flight to Quality
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (91)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (107)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations (73)
    See also Journal Article in The Review of Economics and Statistics (1996)

1993

49. Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations (32)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1993) View citations (9)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1992) View citations (8)
    See also Journal Article in The Quarterly Journal of Economics (1994)
50. The cyclical behavior of short term business lending: implications for financial propagation mechanisms
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (15)
    See also Journal Article in European Economic Review (1993)
51. The role of credit market imperfections in the monetary transmission mechanism: arguments and evidence
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (310)
52. U.S. Commercial Banking: Trends, Cycles, and Policy
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (28)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (55)
    See also Chapter (1993)

1991

53. Corporate Financial Policy, Taxation, and Macroeconomic Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article in RAND Journal of Economics (1993)
54. Finance, growth, and public policy
    Policy Research Working Paper Series, The World Bank View citations (20)

1990

55. ASSET RETURNS WITH TRANSACTIONS COSTS AND UNINSURED INDIVIDUAL RISK: A STAGE III EXERCISE
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (1)
    See also Journal Article in Journal of Monetary Economics (1991)
56. FINANCIAL CAPACITY AND OUTPUT FLUCTUATIONS IN AN ECONOMY WITH MULTIPERIOD FINANCIAL RELATIONSHIPS
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in Review of Economic Studies (1992)
57. INTEREST RATE SPREADS, CREDIT CONSTRAINTS, AND INVESTMENT FLUCTUATIONS: AN EMPIRICAL INVESTIGATION
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (22)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1990) View citations (17)
    NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (23)
    See also Chapter (1991)

1989

58. Developing Country Borrowing and Domestic Wealth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article in Proceedings (1989)
59. Taxation, Corporate Capital Structure, and Financial Distress
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Chapter (1990)

1988

60. Agency Costs, Net Worth, And Business Fluctuations
    SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute View citations (8)
    See also Journal Article in American Economic Review (1989)
61. FINANCIAL CAPACITY, RELIQUIFICATION, AND PRODUCTION IN AN ECONOMY WITH LONG-TEM FINANCIAL ARRANGEMENTS
    Working papers, Wisconsin Madison - Social Systems View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations (5)
62. FINANCIAL FACTORS IN BUSINESS FLUCTUATIONS
    Working Papers, Columbia - Graduate School of Business View citations (85)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations (126)
    See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (1988)
63. Financial Structure and Aggregate Economic Activity: An Overview
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (364)
    See also Journal Article in Journal of Money, Credit and Banking (1988)

1987

64. Financial Fragility And Economic Performance
    SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (24)
    See also Journal Article in The Quarterly Journal of Economics (1990)

1986

65. Agency Costs, Collateral, and Business Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
    See also Journal Article in Proceedings (1986)

1985

66. Banking in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)

1981

67. Structural Invariance, Weak Exogeneity And Specification Of The Keynesian Framework
    SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute

Journal Articles

2020

1. A Macroeconomic Model with Financial Panics
   Review of Economic Studies, 2020, 87, (1), 240-288 View citations (32)
   See also Working Paper (2018)
2. Banking Panics as Endogenous Disasters and the Welfare Gains from Macroprudential Policy
   AEA Papers and Proceedings, 2020, 110, 463-69 View citations (2)
3. Credit Booms, Financial Crises, and Macroprudential Policy
   Review of Economic Dynamics, 2020, 37 Supplement 1, S8-S33 View citations (6)
   See also Working Paper (2020)
   Working Paper (2020)
   Software Item (2020)

2019

4. Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
   American Economic Journal: Macroeconomics, 2019, 11, (3), 67-110 View citations (103)
   See also Working Paper (2016)

2018

5. What Happened: Financial Factors in the Great Recession
   Journal of Economic Perspectives, 2018, 32, (3), 3-30 View citations (80)
   See also Working Paper (2018)

2017

6. Comment
   NBER Macroeconomics Annual, 2017, 31, (1), 264 - 273
7. Rethinking the Power of Forward Guidance: Lessons from Japan Keynote Speech by Mark Gertler
   Monetary and Economic Studies, 2017, 35, 39-58 View citations (19)

2016

8. Anticipated Banking Panics
   American Economic Review, 2016, 106, (5), 554-59 View citations (6)
   See also Working Paper (2016)

2015

9. Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy
   American Economic Review, 2015, 105, (7), 2011-43 View citations (186)
   See also Working Paper (2014)
10. Comment
    NBER Macroeconomics Annual, 2015, 29, (1), 354 - 365
11. Introduction to the special issue on money, credit, and financial frictions
    Review of Economic Dynamics, 2015, 18, (1), 1-2 View citations (1)
12. Monetary Policy Surprises, Credit Costs, and Economic Activity
    American Economic Journal: Macroeconomics, 2015, 7, (1), 44-76 View citations (959)
    See also Chapter (2013)
    Working Paper (2015)

2013

13. Comment
    NBER Macroeconomics Annual, 2013, 27, (1), 215 - 223
14. Macroeconomic effects of large-scale asset purchase programs
    Research Bulletin, 2013, 18, 12-15
15. Monetary Policy After August 2007
    The Journal of Economic Education, 2013, 44, (4), 329-338 View citations (2)
16. QE 1 vs. 2 vs. 3...: A Framework for Analyzing Large-Scale Asset Purchases as a Monetary Policy Tool
    International Journal of Central Banking, 2013, 9, (1), 5-53 View citations (246)

2012

17. Financial crises, bank risk exposure and government financial policy
    Journal of Monetary Economics, 2012, 59, (S), S17-S34 View citations (306)

2011

18. A model of unconventional monetary policy
    Journal of Monetary Economics, 2011, 58, (1), 17-34 View citations (1428)

2010

19. Commentary: Banking Crises and Real Activity: Identifying the Linkages
    International Journal of Central Banking, 2010, 6, (34), 125-135 View citations (9)
20. Macroeconomics in the Wake of the Financial Crisis
    Journal of Money, Credit and Banking, 2010, 42, (s1), 217-219 View citations (2)
    Also in Journal of Money, Credit and Banking, 2010, 42, (s1), 217-219 (2010)

2009

21. Commentary: financial crises and economic activity
    Proceedings - Economic Policy Symposium - Jackson Hole, 2009, 137-146
22. Unemployment Fluctuations with Staggered Nash Wage Bargaining
    Journal of Political Economy, 2009, 117, (1), 38-86 View citations (429)
    Also in Proceedings, 2006 (2006) View citations (82)
    See also Working Paper (2007)

2008

23. A Phillips Curve with an Ss Foundation
    Journal of Political Economy, 2008, 116, (3), 533-572 View citations (272)
    See also Working Paper (2006)
24. An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining
    Journal of Money, Credit and Banking, 2008, 40, (8), 1713-1764 View citations (323)
    Also in Journal of Money, Credit and Banking, 2008, 40, (8), 1713-1764 (2008) View citations (35)
    See also Working Paper (2008)

2007

25. External Constraints on Monetary Policy and the Financial Accelerator
    Journal of Money, Credit and Banking, 2007, 39, (2‐3), 295-330 View citations (50)
    Also in Proceedings, 2001, (Mar) (2001) View citations (34)
    Journal of Money, Credit and Banking, 2007, 39, (2-3), 295-330 (2007) View citations (315)
    See also Working Paper (2003)
26. Macroeconomic Modeling for Monetary Policy Evaluation
    Journal of Economic Perspectives, 2007, 21, (4), 25-46 View citations (167)
    See also Working Paper (2007)
27. Markups, Gaps, and the Welfare Costs of Business Fluctuations
    The Review of Economics and Statistics, 2007, 89, (1), 44-59 View citations (243)
    See also Working Paper (2005)

2006

28. Medium-Term Business Cycles
    American Economic Review, 2006, 96, (3), 523-551 View citations (427)
    See also Working Paper (2003)

2005

29. Robustness of the estimates of the hybrid New Keynesian Phillips curve
    Journal of Monetary Economics, 2005, 52, (6), 1107-1118 View citations (362)
    See also Working Paper (2005)
30. Targeting versus instrument rules for monetary policy - discussion
    Proceedings, 2005, 246-248

2004

31. Oil Shocks and Aggregate Macroeconomic Behavior: The Role of Monetary Policy: Reply
    Journal of Money, Credit and Banking, 2004, 36, (2), 287-91 View citations (126)

2003

32. Erratum to "European inflation dynamics": [European Economic Review 45 (2001), 1237-1270]
    European Economic Review, 2003, 47, (4), 759-760 View citations (32)
33. Monetary policy and uncertainty: adapting to a changing economy -a symposium, Jackson Hole, Wyoming, August 28-30, 2003
    Proceedings - Economic Policy Symposium - Jackson Hole, 2003 View citations (4)
34. Whither monetary and financial stability?: the implications of evolving policy regimes: commentary
    Proceedings - Economic Policy Symposium - Jackson Hole, 2003, 213-223

2002

35. A simple framework for international monetary policy analysis
    Journal of Monetary Economics, 2002, 49, (5), 879-904 View citations (541)
    See also Working Paper (2002)

2001

36. European inflation dynamics
    European Economic Review, 2001, 45, (7), 1237-1270 View citations (755)
    See also Working Paper (2001)
37. Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach
    American Economic Review, 2001, 91, (2), 248-252 View citations (353)
38. Should Central Banks Respond to Movements in Asset Prices?
    American Economic Review, 2001, 91, (2), 253-257 View citations (743)

2000

39. Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
    The Quarterly Journal of Economics, 2000, 115, (1), 147-180 View citations (3193)
    See also Working Paper (1999)

1999

40. "Overreaction" of Asset Prices in General Equilibrium
    Review of Economic Dynamics, 1999, 2, (1), 3-35 View citations (97)
    See also Working Paper (1998)
41. Government debt and social security in a life-cycle economy
    Carnegie-Rochester Conference Series on Public Policy, 1999, 50, (1), 61-110 View citations (176)
    See also Working Paper (1997)
42. Inflation dynamics: A structural econometric analysis
    Journal of Monetary Economics, 1999, 44, (2), 195-222 View citations (2020)
    See also Working Paper (2000)
43. Monetary policy and asset price volatility
    Economic Review, 1999, 84, (Q IV), 17-51 View citations (290)
    Also in Proceedings - Economic Policy Symposium - Jackson Hole, 1999, 77-128 (1999) View citations (337)
    See also Working Paper (2000)
44. The Information in the High-Yield Bond Spread for the Business Cycle: Evidence and Some Implications
    Oxford Review of Economic Policy, 1999, 15, (3), 132-50 View citations (154)
    See also Working Paper (2000)
45. The Science of Monetary Policy: A New Keynesian Perspective
    Journal of Economic Literature, 1999, 37, (4), 1661-1707 View citations (3080)
    See also Working Paper (1999)

1998

46. Monetary policy rules in practice
    Proceedings, 1998, (Mar) View citations (416)
47. Monetary policy rules in practice Some international evidence
    European Economic Review, 1998, 42, (6), 1033-1067 View citations (1462)
    See also Working Paper (1997)

1997

48. Systematic Monetary Policy and the Effects of Oil Price Shocks
    Brookings Papers on Economic Activity, 1997, 28, (1), 91-157 View citations (877)
    See also Working Paper (1997)

1996

49. The Financial Accelerator and the Flight to Quality
    The Review of Economics and Statistics, 1996, 78, (1), 1-15 View citations (1155)
    See also Working Paper (1994)

1995

50. Distinguishing theories of the monetary transmission mechanism: commentary
    Review, 1995, (May), 98-100
    Also in Proceedings, 1995, (May), 98-100 (1995)
51. Inside the Black Box: The Credit Channel of Monetary Policy Transmission
    Journal of Economic Perspectives, 1995, 9, (4), 27-48 View citations (2500)
    See also Working Paper (1995)
52. Monetary and Financial Interactions in the Business Cycle: Comment
    Journal of Money, Credit and Banking, 1995, 27, (4), 1342-53 View citations (16)

1994

53. Are banks dead?
    The Region, 1994, 8, (Sep), 22-26 View citations (10)
54. Are banks dead? Or are the reports greatly exaggerated?
    Quarterly Review, 1994, 18, (Sum), 2-23 View citations (58)
    See also Working Paper (1995)
55. Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms
    The Quarterly Journal of Economics, 1994, 109, (2), 309-340 View citations (1171)
    See also Working Paper (1993)
56. The role of large banks in the recent U.S. banking crisis
    Quarterly Review, 1994, 18, (Win), 2-21 View citations (42)

1993

57. Corporate Financial Policy, Taxation, and Macroeconomic Risk
    RAND Journal of Economics, 1993, 24, (2), 286-303 View citations (44)
    See also Working Paper (1991)
58. The cyclical behavior of short-term business lending: Implications for financial propagation mechanisms
    European Economic Review, 1993, 37, (2-3), 623-631 View citations (44)
    See also Working Paper (1993)

1992

59. Financial Capacity and Output Fluctuations in an Economy with Multi-Period Financial Relationships
    Review of Economic Studies, 1992, 59, (3), 455-472 View citations (105)
    See also Working Paper (1990)

1991

60. Asset returns with transactions costs and uninsured individual risk
    Journal of Monetary Economics, 1991, 27, (3), 311-331 View citations (193)
    See also Working Paper (1997)
    Working Paper (1990)

1990

61. Financial Fragility and Economic Performance
    The Quarterly Journal of Economics, 1990, 105, (1), 87-114 View citations (398)
    See also Working Paper (1987)
62. North-South lending and endogenous domestic capital market inefficiencies
    Journal of Monetary Economics, 1990, 26, (2), 245-266 View citations (185)

1989

63. Agency Costs, Net Worth, and Business Fluctuations
    American Economic Review, 1989, 79, (1), 14-31 View citations (2872)
    See also Working Paper (1988)
64. Developing country borrowing and domestic wealth
    Proceedings, 1989 View citations (12)
    See also Working Paper (1989)

1988

65. Financial Structure and Aggregate Economic Activity: An Overview
    Journal of Money, Credit and Banking, 1988, 20, (3), 559-88 View citations (339)
    Also in Proceedings, 1988, 559-596 (1988) View citations (322)
    See also Working Paper (1988)
66. Financial factors in business fluctuations
    Proceedings - Economic Policy Symposium - Jackson Hole, 1988, 33-78 View citations (93)
    See also Working Paper (1988)

1986

67. Agency costs, collateral, and business fluctuations
    Proceedings, 1986 View citations (22)
    See also Working Paper (1986)

1985

68. The backing of government bonds and monetarism
    Journal of Monetary Economics, 1985, 16, (1), 19-44 View citations (83)

1982

69. Imperfect Information and Wage Inertia in the Business Cycle
    Journal of Political Economy, 1982, 90, (5), 967-87 View citations (10)
70. Monetary randomness and investment
    Journal of Monetary Economics, 1982, 10, (2), 239-258 View citations (27)
71. Unemployment, Inflation, and Common Stock Returns
    Journal of Money, Credit and Banking, 1982, 14, (2), 216-33 View citations (6)

1981

72. Long-term contracts, imperfect information, and monetary policy
    Journal of Economic Dynamics and Control, 1981, 3, (1), 197-216 View citations (2)

1979

73. Imperfect price adjustment and the optimal assignment of monetary and fiscal policies
    Journal of Economic Dynamics and Control, 1979, 1, (4), 305-320
74. Money, prices, and inflation in macroeconomic models with rational inflationary expectations
    Journal of Economic Theory, 1979, 21, (2), 222-234

Books

2015

1. Lessons from the Financial Crisis for Monetary Policy
   NBER Books, National Bureau of Economic Research, Inc

2010

2. International Dimensions of Monetary Policy
   NBER Books, National Bureau of Economic Research, Inc View citations (265)

2006

3. NBER Macroeconomics Annual 2005, Volume 20
   NBER Books, National Bureau of Economic Research, Inc View citations (18)

2005

4. NBER Macroeconomics Annual 2004, Volume 19
   NBER Books, National Bureau of Economic Research, Inc View citations (3)

2004

5. NBER Macroeconomics Annual 2003, Volume 18
   NBER Books, National Bureau of Economic Research, Inc View citations (8)

2003

6. NBER Macroeconomics Annual 2002, Volume 17
   NBER Books, National Bureau of Economic Research, Inc View citations (6)

Edited books

2010

1. International Dimensions of Monetary Policy
   National Bureau of Economic Research Books, University of Chicago Press View citations (49)

2006

2. NBER Macroeconomics Annual 2005, vol 1
   MIT Press Books, The MIT Press View citations (21)

2005

3. NBER Macroeconomics Annual 2004, vol 1
   MIT Press Books, The MIT Press View citations (5)

2004

4. NBER Macroeconomics Annual 2003, vol 1
   MIT Press Books, The MIT Press View citations (13)

2003

5. NBER Macroeconomics Annual 2002, vol 1
   MIT Press Books, The MIT Press View citations (12)

Chapters

2016

1. Comment on "Macrofinancial History and the New Business Cycle Facts"
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 264-273
2. Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises
   Elsevier View citations (77)
   See also Working Paper (2016)

2014

3. Comment on "Effective Monetary Policy Strategies in New Keynesian Models: A Reexamination"
   A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 354-365

2013

4. Monetary Policy Surprises, Credit Costs and Economic Activity
   A chapter in Lessons from the Financial Crisis for Monetary Policy, 2013 View citations (14)
   See also Working Paper (2015)
   Journal Article in American Economic Journal: Macroeconomics (2015)

2012

5. Comment on "Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009"
   A chapter in NBER Macroeconomics Annual 2012, Volume 27, 2012, pp 215-223 View citations (3)

2010

6. Financial Intermediation and Credit Policy in Business Cycle Analysis
   Chapter 11 in Handbook of Monetary Economics, 2010, vol. 3, pp 547-599 View citations (1100)

2008

7. Comment on "Aggregate Implications of Credit Market Imperfections"
   A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 61-69

2007

8. Current Account Dynamics and Monetary Policy
   A chapter in International Dimensions of Monetary Policy, 2007, pp 199-244 View citations (7)
   See also Working Paper (2008)
9. Introduction to "International Dimensions of Monetary Policy"
   A chapter in International Dimensions of Monetary Policy, 2007, pp 1-10 View citations (8)

2004

10. Editorial in "NBER Macroeconomics Annual 2003, Volume 18"
    A chapter in NBER Macroeconomics Annual 2003, Volume 18, 2004, pp 1-4 View citations (2)

2003

11. Editorial in "NBER Macroeconomics Annual 2002, Volume 17"
    A chapter in NBER Macroeconomics Annual 2002, Volume 17, 2003, pp 1-4 View citations (2)

1999

12. The financial accelerator in a quantitative business cycle framework
    Chapter 21 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1341-1393 View citations (3252)
    See also Working Paper (1998)

1997

13. How the Bundesbank Conducts Monetary Policy
    A chapter in Reducing Inflation: Motivation and Strategy, 1997, pp 363-412 View citations (224)
    See also Working Paper (1996)

1993

14. US Commercial Banking: Trends, Cycles, and Policy
    A chapter in NBER Macroeconomics Annual 1993, Volume 8, 1993, pp 319-377 View citations (39)
    See also Working Paper (1993)

1991

15. Interest Rate Spreads, Credit Constraints, and Investment Fluctuations: An Empirical Investigation
    A chapter in Financial Markets and Financial Crises, 1991, pp 11-32 View citations (29)
    See also Working Paper (1990)

1990

16. Taxation, Corporate Capital Structure, and Financial Distress
    A chapter in Tax Policy and the Economy: Volume 4, 1990, pp 43-72 View citations (7)
    See also Working Paper (1989)

Software Items

2020

1. Code and data files for "Credit Booms, Financial Crises, and Macroprudential Policy"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2020)