Details about Mark Gertler
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
- Economic Winners Versus Losers and the Unequal Pandemic Recession
NBER Working Papers, National Bureau of Economic Research, Inc
- Temporary Layoffs, Loss-of-Recall and Cyclical Unemployment Dynamics
NBER Working Papers, National Bureau of Economic Research, Inc
2020
- 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)
- 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
- 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)
- Stock Price Fluctuations and Productivity Growth
2018 Meeting Papers, Society for Economic Dynamics View citations (3)
- 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
- 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
- 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)
- 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)
- 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)
- anticipated banking panics
2016 Meeting Papers, Society for Economic Dynamics View citations (6)
See also Journal Article in American Economic Review (2016)
2015
- 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
- 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
- Large Scale Asset Purchases as a Tool of Monetary Policy
2012 Meeting Papers, Society for Economic Dynamics View citations (18)
2009
- 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)
- 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
- 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)
- 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
- 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)
- 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
- 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
- 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)
- 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)
- Unemployment Dynamics with Staggered Nash Wage Bargaining
2005 Meeting Papers, Society for Economic Dynamics View citations (15)
2004
- State-Dependent Pricing and the New Keynesian Phillips Curve
2004 Meeting Papers, Society for Economic Dynamics
2003
- 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)
- 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)
- The euro area inefficiency gap
Working Papers, Banco de España View citations (5)
2002
- 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
- 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)
- Optimal Monetary Policy in Closed versus Open Economies: An Integrated Approach
NBER Working Papers, National Bureau of Economic Research, Inc View citations (138)
2000
- 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)
- 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)
- 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
- Inflation Dynamics: A Structural Economic Analysis
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (947)
- 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)
- 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
- "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)
- 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
- 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)
- 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)
- 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)
- 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
- 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
- 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)
- 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
- 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
- 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)
- 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)
- 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)
- 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
- 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)
- Finance, growth, and public policy
Policy Research Working Paper Series, The World Bank View citations (20)
1990
- 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)
- 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)
- 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
- 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)
- Taxation, Corporate Capital Structure, and Financial Distress
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
See also Chapter (1990)
1988
- 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)
- 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)
- 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)
- 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
- 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
- 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
- Banking in General Equilibrium
NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
1981
- Structural Invariance, Weak Exogeneity And Specification Of The Keynesian Framework
SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute
Journal Articles
2020
- A Macroeconomic Model with Financial Panics
Review of Economic Studies, 2020, 87, (1), 240-288 View citations (32)
See also Working Paper (2018)
- Banking Panics as Endogenous Disasters and the Welfare Gains from Macroprudential Policy
AEA Papers and Proceedings, 2020, 110, 463-69 View citations (2)
- 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
- 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
- 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
- Comment
NBER Macroeconomics Annual, 2017, 31, (1), 264 - 273
- 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
- Anticipated Banking Panics
American Economic Review, 2016, 106, (5), 554-59 View citations (6)
See also Working Paper (2016)
2015
- 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)
- Comment
NBER Macroeconomics Annual, 2015, 29, (1), 354 - 365
- Introduction to the special issue on money, credit, and financial frictions
Review of Economic Dynamics, 2015, 18, (1), 1-2 View citations (1)
- 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
- Comment
NBER Macroeconomics Annual, 2013, 27, (1), 215 - 223
- Macroeconomic effects of large-scale asset purchase programs
Research Bulletin, 2013, 18, 12-15
- Monetary Policy After August 2007
The Journal of Economic Education, 2013, 44, (4), 329-338 View citations (2)
- 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
- Financial crises, bank risk exposure and government financial policy
Journal of Monetary Economics, 2012, 59, (S), S17-S34 View citations (306)
2011
- A model of unconventional monetary policy
Journal of Monetary Economics, 2011, 58, (1), 17-34 View citations (1428)
2010
- Commentary: Banking Crises and Real Activity: Identifying the Linkages
International Journal of Central Banking, 2010, 6, (34), 125-135 View citations (9)
- 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
- Commentary: financial crises and economic activity
Proceedings - Economic Policy Symposium - Jackson Hole, 2009, 137-146
- 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
- A Phillips Curve with an Ss Foundation
Journal of Political Economy, 2008, 116, (3), 533-572 View citations (272)
See also Working Paper (2006)
- 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
- 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)
- Macroeconomic Modeling for Monetary Policy Evaluation
Journal of Economic Perspectives, 2007, 21, (4), 25-46 View citations (167)
See also Working Paper (2007)
- 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
- Medium-Term Business Cycles
American Economic Review, 2006, 96, (3), 523-551 View citations (427)
See also Working Paper (2003)
2005
- 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)
- Targeting versus instrument rules for monetary policy - discussion
Proceedings, 2005, 246-248
2004
- 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
- Erratum to "European inflation dynamics": [European Economic Review 45 (2001), 1237-1270]
European Economic Review, 2003, 47, (4), 759-760 View citations (32)
- 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)
- Whither monetary and financial stability?: the implications of evolving policy regimes: commentary
Proceedings - Economic Policy Symposium - Jackson Hole, 2003, 213-223
2002
- 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
- European inflation dynamics
European Economic Review, 2001, 45, (7), 1237-1270 View citations (755)
See also Working Paper (2001)
- Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach
American Economic Review, 2001, 91, (2), 248-252 View citations (353)
- Should Central Banks Respond to Movements in Asset Prices?
American Economic Review, 2001, 91, (2), 253-257 View citations (743)
2000
- 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
- "Overreaction" of Asset Prices in General Equilibrium
Review of Economic Dynamics, 1999, 2, (1), 3-35 View citations (97)
See also Working Paper (1998)
- 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)
- Inflation dynamics: A structural econometric analysis
Journal of Monetary Economics, 1999, 44, (2), 195-222 View citations (2020)
See also Working Paper (2000)
- 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)
- 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)
- 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
- Monetary policy rules in practice
Proceedings, 1998, (Mar) View citations (416)
- 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
- 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
- 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
- Distinguishing theories of the monetary transmission mechanism: commentary
Review, 1995, (May), 98-100 
Also in Proceedings, 1995, (May), 98-100 (1995)
- 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)
- Monetary and Financial Interactions in the Business Cycle: Comment
Journal of Money, Credit and Banking, 1995, 27, (4), 1342-53 View citations (16)
1994
- Are banks dead?
The Region, 1994, 8, (Sep), 22-26 View citations (10)
- Are banks dead? Or are the reports greatly exaggerated?
Quarterly Review, 1994, 18, (Sum), 2-23 View citations (58)
See also Working Paper (1995)
- 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)
- The role of large banks in the recent U.S. banking crisis
Quarterly Review, 1994, 18, (Win), 2-21 View citations (42)
1993
- Corporate Financial Policy, Taxation, and Macroeconomic Risk
RAND Journal of Economics, 1993, 24, (2), 286-303 View citations (44)
See also Working Paper (1991)
- 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
- 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
- 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
- Financial Fragility and Economic Performance
The Quarterly Journal of Economics, 1990, 105, (1), 87-114 View citations (398)
See also Working Paper (1987)
- North-South lending and endogenous domestic capital market inefficiencies
Journal of Monetary Economics, 1990, 26, (2), 245-266 View citations (185)
1989
- Agency Costs, Net Worth, and Business Fluctuations
American Economic Review, 1989, 79, (1), 14-31 View citations (2872)
See also Working Paper (1988)
- Developing country borrowing and domestic wealth
Proceedings, 1989 View citations (12)
See also Working Paper (1989)
1988
- 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)
- Financial factors in business fluctuations
Proceedings - Economic Policy Symposium - Jackson Hole, 1988, 33-78 View citations (93)
See also Working Paper (1988)
1986
- Agency costs, collateral, and business fluctuations
Proceedings, 1986 View citations (22)
See also Working Paper (1986)
1985
- The backing of government bonds and monetarism
Journal of Monetary Economics, 1985, 16, (1), 19-44 View citations (83)
1982
- Imperfect Information and Wage Inertia in the Business Cycle
Journal of Political Economy, 1982, 90, (5), 967-87 View citations (10)
- Monetary randomness and investment
Journal of Monetary Economics, 1982, 10, (2), 239-258 View citations (27)
- Unemployment, Inflation, and Common Stock Returns
Journal of Money, Credit and Banking, 1982, 14, (2), 216-33 View citations (6)
1981
- Long-term contracts, imperfect information, and monetary policy
Journal of Economic Dynamics and Control, 1981, 3, (1), 197-216 View citations (2)
1979
- Imperfect price adjustment and the optimal assignment of monetary and fiscal policies
Journal of Economic Dynamics and Control, 1979, 1, (4), 305-320
- Money, prices, and inflation in macroeconomic models with rational inflationary expectations
Journal of Economic Theory, 1979, 21, (2), 222-234
Books
2015
- Lessons from the Financial Crisis for Monetary Policy
NBER Books, National Bureau of Economic Research, Inc
2010
- International Dimensions of Monetary Policy
NBER Books, National Bureau of Economic Research, Inc View citations (265)
2006
- NBER Macroeconomics Annual 2005, Volume 20
NBER Books, National Bureau of Economic Research, Inc View citations (18)
2005
- NBER Macroeconomics Annual 2004, Volume 19
NBER Books, National Bureau of Economic Research, Inc View citations (3)
2004
- NBER Macroeconomics Annual 2003, Volume 18
NBER Books, National Bureau of Economic Research, Inc View citations (8)
2003
- NBER Macroeconomics Annual 2002, Volume 17
NBER Books, National Bureau of Economic Research, Inc View citations (6)
Edited books
2010
- International Dimensions of Monetary Policy
National Bureau of Economic Research Books, University of Chicago Press View citations (49)
2006
- NBER Macroeconomics Annual 2005, vol 1
MIT Press Books, The MIT Press View citations (21)
2005
- NBER Macroeconomics Annual 2004, vol 1
MIT Press Books, The MIT Press View citations (5)
2004
- NBER Macroeconomics Annual 2003, vol 1
MIT Press Books, The MIT Press View citations (13)
2003
- NBER Macroeconomics Annual 2002, vol 1
MIT Press Books, The MIT Press View citations (12)
Chapters
2016
- Comment on "Macrofinancial History and the New Business Cycle Facts"
A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 264-273
- Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises
Elsevier View citations (77)
See also Working Paper (2016)
2014
- 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
- 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
- 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
- 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
- Comment on "Aggregate Implications of Credit Market Imperfections"
A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 61-69
2007
- 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)
- Introduction to "International Dimensions of Monetary Policy"
A chapter in International Dimensions of Monetary Policy, 2007, pp 1-10 View citations (8)
2004
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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)
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