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 2024-09-05. Update your information in the RePEc Author Service.

Short-id: pge11

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Working Papers

2025

1. Micro and Macro Cost-Price Dynamics in Normal Times and During Inflation Surges
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

2. Anatomy of the Phillips Curve: micro evidence and macro implications
   Working Paper Research, National Bank of Belgium View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (6)

2023

3. Oil Prices, Monetary Policy and Inflation Surges
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)

2022

4. Economic Winners Versus Losers and the Unequal Pandemic Recession
   NBER Working Papers, National Bureau of Economic Research, Inc
5. Temporary Layoffs, Loss-of-Recall and Cyclical Unemployment Dynamics
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2022) View citations (4)

2020

6. Credit Booms, Financial Crises and Macroprudential Policy
   Working Papers, Princeton University. Economics Department. View citations (16)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (21)
   See also Journal Article Credit Booms, Financial Crises, and Macroprudential Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (22) (2020)
7. Online Appendix to "Credit Booms, Financial Crises, and Macroprudential Policy"
   Online Appendices, Review of Economic Dynamics View citations (18)
   See also Journal Article Credit Booms, Financial Crises, and Macroprudential Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (22) (2020)

2018

8. A Macroeconomic Model with Financial Panics
   2018 Meeting Papers, Society for Economic Dynamics View citations (23)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (28)
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2017) View citations (18)
   See also Journal Article A Macroeconomic Model with Financial Panics, The Review of Economic Studies, Review of Economic Studies Ltd (2020) View citations (60) (2020)
9. Stock Price Fluctuations and Productivity Growth
   2018 Meeting Papers, Society for Economic Dynamics View citations (3)
10. What Happened: Financial Factors in the Great Recession
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (115)
    See also Journal Article What Happened: Financial Factors in the Great Recession, Journal of Economic Perspectives, American Economic Association (2018) View citations (115) (2018)

2017

11. Rethinking the Power of Forward Guidance: Lessons from Japan
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (21)

2016

12. Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (85)
    See also Journal Article Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence, American Economic Journal: Macroeconomics, American Economic Association (2019) View citations (158) (2019)
13. Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (54)
    BAFFI CAREFIN Working Papers, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy (2016) View citations (52)
    2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (6)
    See also Journal Article Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires, The Review of Economic Studies, Review of Economic Studies Ltd (2020) View citations (55) (2020)
14. 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 (78)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (76)
    See also Chapter Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises, Handbook of Macroeconomics, Elsevier (2016) View citations (103) (2016)
15. anticipated banking panics
    2016 Meeting Papers, Society for Economic Dynamics View citations (8)
    See also Journal Article Anticipated Banking Panics, American Economic Review, American Economic Association (2016) View citations (8) (2016)

2015

16. Markups, Gaps, and the Welfare Costs of Business Fluctuations
    Working Papers, Barcelona School of Economics View citations (23)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2005) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (56)
    Working Papers, Banco de España (2002) View citations (52)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (99)
    See also Journal Article Markups, Gaps, and the Welfare Costs of Business Fluctuations, The Review of Economics and Statistics, MIT Press (2007) View citations (262) (2007)
17. Monetary Policy Surprises, Credit Costs, and Economic Activity
    2015 Meeting Papers, Society for Economic Dynamics View citations (1319)
    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 Chapter Monetary Policy Surprises, Credit Costs and Economic Activity, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (14) (2013)
    Journal Article Monetary Policy Surprises, Credit Costs, and Economic Activity, American Economic Journal: Macroeconomics, American Economic Association (2015) View citations (1305) (2015)
18. Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve
    Working Papers, Barcelona School of Economics View citations (25)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (366)
    Working Papers, Banco de España (2005) View citations (367)
    See also Journal Article Robustness of the estimates of the hybrid New Keynesian Phillips curve, Journal of Monetary Economics, Elsevier (2005) View citations (377) (2005)

2014

19. 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 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (43)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (42)
    See also Journal Article Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy, American Economic Review, American Economic Association (2015) View citations (263) (2015)

2012

20. Large Scale Asset Purchases as a Tool of Monetary Policy
    2012 Meeting Papers, Society for Economic Dynamics View citations (19)

2009

21. 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)
22. Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2009) View citations (58)
    Harvard Business School Working Papers, Harvard Business School (2009) View citations (57)

2008

23. 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 (396)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (23)
    See also Journal Article An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (67) (2008)
24. 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 (28)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (52)
    See also Chapter Current Account Dynamics and Monetary Policy, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (7) (2007)

2007

25. Macroeconomic Modeling for Monetary Policy Evaluation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (206)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2007) View citations (188)
    See also Journal Article Macroeconomic Modeling for Monetary Policy Evaluation, Journal of Economic Perspectives, American Economic Association (2007) View citations (184) (2007)

2006

26. 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 (30)
    See also Journal Article A Phillips Curve with an Ss Foundation, Journal of Political Economy, University of Chicago Press (2008) View citations (286) (2008)
27. Unemployment Fluctuations With Staggered Nash Wage Bargaining
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (76)
    Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations (121)
    See also Journal Article Unemployment Fluctuations with Staggered Nash Wage Bargaining, Journal of Political Economy, University of Chicago Press (2009) View citations (547) (2009)

2005

28. Unemployment Dynamics with Staggered Nash Wage Bargaining
    2005 Meeting Papers, Society for Economic Dynamics View citations (15)

2004

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

2003

30. External Constraints on Monetary Policy and the Financial Accelerator
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (142)
    Also in BIS Working Papers, Bank for International Settlements (2003) View citations (100)
    See also Journal Article External Constraints on Monetary Policy and the Financial Accelerator, Journal of Money, Credit and Banking, Blackwell Publishing (2007) View citations (80) (2007)
31. Medium Term Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    See also Journal Article Medium-Term Business Cycles, American Economic Review, American Economic Association (2006) View citations (487) (2006)
32. The euro area inefficiency gap
    Working Papers, Banco de España View citations (5)

2002

33. A Simple Framework for International Monetary Policy Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (583)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (597)
    See also Journal Article A simple framework for international monetary policy analysis, Journal of Monetary Economics, Elsevier (2002) View citations (564) (2002)

2001

34. European Inflation Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (768)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (798)
    Working Papers, Banco de España (2000) View citations (25)
    See also Journal Article European inflation dynamics, European Economic Review, Elsevier (2001) View citations (767) (2001)
35. Optimal Monetary Policy in Closed versus Open Economies: An Integrated Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (157)

2000

36. Inflation Dynamics: A Structural Econometric Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (148)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1998) View citations (17)
    See also Journal Article Inflation dynamics: A structural econometric analysis, Journal of Monetary Economics, Elsevier (1999) View citations (2126) (1999)
37. Monetary Policy and Asset Price Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (233)
    See also Journal Article Monetary policy and asset price volatility, Economic Review, Federal Reserve Bank of Kansas City (1999) View citations (306) (1999)
38. 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 (56)
    See also Journal Article The Information in the High-Yield Bond Spread for the Business Cycle: Evidence and Some Implications, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (1999) View citations (167) (1999)

1999

39. Inflation Dynamics: A Structural Economic Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1076)
40. 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 CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (261)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (204)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1998) View citations (196)
    See also Journal Article Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory, The Quarterly Journal of Economics, President and Fellows of Harvard College (2000) View citations (3379) (2000)
41. The Science of Monetary Policy: A New Keynesian Perspective
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3222)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (3226)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1999) View citations (3276)
    See also Journal Article The Science of Monetary Policy: A New Keynesian Perspective, Journal of Economic Literature, American Economic Association (1999) View citations (3232) (1999)

1998

42. "Overreaction" of Asset Prices in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1998) View citations (8)
    See also Journal Article "Overreaction" of Asset Prices in General Equilibrium, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (1999) View citations (97) (1999)
43. The Financial Accelerator in a Quantitative Business Cycle Framework
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (586)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1998) View citations (306)
    See also Chapter The financial accelerator in a quantitative business cycle framework, Handbook of Macroeconomics, Elsevier (1999) View citations (3625) (1999)

1997

44. Asset Returns with transaction costs and uninsured individual risk
    Levine's Working Paper Archive, David K. Levine View citations (8)
    See also Journal Article Asset returns with transactions costs and uninsured individual risk, Journal of Monetary Economics, Elsevier (1991) View citations (198) (1991)
45. Government Debt and Social Security in a Life-Cycle Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1997) View citations (23)
    See also Journal Article Government debt and social security in a life-cycle economy, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1999) View citations (188) (1999)
46. Monetary Policy Rules in Practice: Some International Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (190)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (91)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1997) View citations (91)
    See also Journal Article Monetary policy rules in practice Some international evidence, European Economic Review, Elsevier (1998) View citations (1661) (1998)
47. Systematic Monetary Policy and the Effects of Oil Price Shocks
    Working Papers, Princeton University. Economics Department. View citations (112)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1997) View citations (1055)
    See also Journal Article Systematic Monetary Policy and the Effects of Oil Price Shocks, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (1997) View citations (1001) (1997)

1996

48. How the Bundesbank Conducts Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (153)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1996) View citations (97)
    See also Chapter How the Bundesbank Conducts Monetary Policy, NBER Chapters, National Bureau of Economic Research, Inc (1997) View citations (225) (1997)

1995

49. Are Banks Dead? Or Are the Reports Greatly Exaggerated?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1994) View citations (59)
    Proceedings, Federal Reserve Bank of Chicago (1994) View citations (38)
    See also Journal Article Are banks dead? Or are the reports greatly exaggerated?, Quarterly Review, Federal Reserve Bank of Minneapolis (1994) View citations (59) (1994)
50. Inside the Black Box: The Credit Channel of Monetary Policy Transmission
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2685)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1995) View citations (2724)
    See also Journal Article Inside the Black Box: The Credit Channel of Monetary Policy Transmission, Journal of Economic Perspectives, American Economic Association (1995) View citations (2708) (1995)

1994

51. The Financial Accelerator and the Flight to Quality
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (102)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (114)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations (73)
    See also Journal Article The Financial Accelerator and the Flight to Quality, The Review of Economics and Statistics, MIT Press (1996) View citations (1241) (1996)

1993

52. 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 (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations (33)
    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 Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms, The Quarterly Journal of Economics, President and Fellows of Harvard College (1994) View citations (1359) (1994)
53. 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 (17)
    See also Journal Article The cyclical behavior of short-term business lending: Implications for financial propagation mechanisms, European Economic Review, Elsevier (1993) View citations (46) (1993)
54. 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 (323)
55. 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 (54)
    See also Chapter US Commercial Banking: Trends, Cycles, and Policy, NBER Chapters, National Bureau of Economic Research, Inc (1993) View citations (38) (1993)

1991

56. Corporate Financial Policy, Taxation, and Macroeconomic Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Corporate Financial Policy, Taxation, and Macroeconomic Risk, RAND Journal of Economics, The RAND Corporation (1993) View citations (45) (1993)
57. Finance, growth, and public policy
    Policy Research Working Paper Series, The World Bank View citations (20)

1990

58. 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 Asset returns with transactions costs and uninsured individual risk, Journal of Monetary Economics, Elsevier (1991) View citations (198) (1991)
59. 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 Financial Capacity and Output Fluctuations in an Economy with Multi-Period Financial Relationships, The Review of Economic Studies, Review of Economic Studies Ltd (1992) View citations (115) (1992)
60. 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 NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (23)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1990) View citations (17)
    See also Chapter Interest Rate Spreads, Credit Constraints, and Investment Fluctuations: An Empirical Investigation, NBER Chapters, National Bureau of Economic Research, Inc (1991) View citations (29) (1991)

1989

61. Developing Country Borrowing and Domestic Wealth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Developing country borrowing and domestic wealth, Proceedings, Federal Reserve Bank of San Francisco (1989) View citations (12) (1989)
62. Taxation, Corporate Capital Structure, and Financial Distress
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Chapter Taxation, Corporate Capital Structure, and Financial Distress, NBER Chapters, National Bureau of Economic Research, Inc (1990) View citations (8) (1990)

1988

63. Agency Costs, Net Worth, And Business Fluctuations
    SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute View citations (9)
    See also Journal Article Agency Costs, Net Worth, and Business Fluctuations, American Economic Review, American Economic Association (1989) View citations (3119) (1989)
64. 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)
65. FINANCIAL FACTORS IN BUSINESS FLUCTUATIONS
    Working Papers, Columbia - Graduate School of Business View citations (127)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations (133)
    See also Journal Article Financial factors in business fluctuations, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (1988) View citations (93) (1988)
66. Financial Structure and Aggregate Economic Activity: An Overview
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (376)
    See also Journal Article Financial Structure and Aggregate Economic Activity: An Overview, Journal of Money, Credit and Banking, Blackwell Publishing (1988) View citations (349) (1988)

1987

67. Financial Fragility And Economic Performance
    SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (25)
    See also Journal Article Financial Fragility and Economic Performance, The Quarterly Journal of Economics, President and Fellows of Harvard College (1990) View citations (424) (1990)

1986

68. Agency Costs, Collateral, and Business Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
    See also Journal Article Agency costs, collateral, and business fluctuations, Proceedings, Federal Reserve Bank of San Francisco (1986) View citations (32) (1986)

1985

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

1981

70. 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
   The Review of Economic Studies, 2020, 87, (1), 240-288 View citations (60)
   See also Working Paper A Macroeconomic Model with Financial Panics, 2018 Meeting Papers (2018) View citations (23) (2018)
2. Banking Panics as Endogenous Disasters and the Welfare Gains from Macroprudential Policy
   AEA Papers and Proceedings, 2020, 110, 463-69 View citations (3)
3. Credit Booms, Financial Crises, and Macroprudential Policy
   Review of Economic Dynamics, 2020, 37 Supplement 1, S8-S33 View citations (22)
   See also Software Item Code and data files for "Credit Booms, Financial Crises, and Macroprudential Policy", Computer Codes (2020) (2020)
   Working Paper Credit Booms, Financial Crises and Macroprudential Policy, Working Papers (2020) View citations (16) (2020)
   Working Paper Online Appendix to "Credit Booms, Financial Crises, and Macroprudential Policy", Online Appendices (2020) View citations (18) (2020)
4. Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires
   The Review of Economic Studies, 2020, 87, (4), 1876-1914 View citations (55)
   See also Working Paper Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires, NBER Working Papers (2016) View citations (55) (2016)

2019

5. Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
   American Economic Journal: Macroeconomics, 2019, 11, (3), 67-110 View citations (158)
   See also Working Paper Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence, NBER Working Papers (2016) View citations (85) (2016)

2018

6. What Happened: Financial Factors in the Great Recession
   Journal of Economic Perspectives, 2018, 32, (3), 3-30 View citations (115)
   See also Working Paper What Happened: Financial Factors in the Great Recession, NBER Working Papers (2018) View citations (115) (2018)

2017

7. Comment
   NBER Macroeconomics Annual, 2017, 31, (1), 264 - 273
8. Rethinking the Power of Forward Guidance: Lessons from Japan Keynote Speech by Mark Gertler
   Monetary and Economic Studies, 2017, 35, 39-58 View citations (20)

2016

9. Anticipated Banking Panics
   American Economic Review, 2016, 106, (5), 554-59 View citations (8)
   See also Working Paper anticipated banking panics, 2016 Meeting Papers (2016) View citations (8) (2016)

2015

10. Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy
    American Economic Review, 2015, 105, (7), 2011-43 View citations (263)
    See also Working Paper Banking, Liquidity and Bank Runs in an Infinite Horizon Economy, IMES Discussion Paper Series (2014) (2014)
11. Comment
    NBER Macroeconomics Annual, 2015, 29, (1), 354 - 365
12. Introduction to the special issue on money, credit, and financial frictions
    Review of Economic Dynamics, 2015, 18, (1), 1-2 View citations (1)
13. Monetary Policy Surprises, Credit Costs, and Economic Activity
    American Economic Journal: Macroeconomics, 2015, 7, (1), 44-76 View citations (1305)
    See also Chapter Monetary Policy Surprises, Credit Costs and Economic Activity, NBER Chapters, 2013 (2013) View citations (14) (2013)
    Working Paper Monetary Policy Surprises, Credit Costs, and Economic Activity, 2015 Meeting Papers (2015) View citations (1319) (2015)

2013

14. Comment
    NBER Macroeconomics Annual, 2013, 27, (1), 215 - 223
15. Macroeconomic effects of large-scale asset purchase programs
    Research Bulletin, 2013, 18, 12-15
16. Monetary Policy After August 2007
    The Journal of Economic Education, 2013, 44, (4), 329-338 View citations (2)
17. 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 (306)

2012

18. Financial crises, bank risk exposure and government financial policy
    Journal of Monetary Economics, 2012, 59, (S), S17-S34 View citations (355)

2011

19. A model of unconventional monetary policy
    Journal of Monetary Economics, 2011, 58, (1), 17-34 View citations (1650)

2010

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

2009

22. Commentary: financial crises and economic activity
    Proceedings - Economic Policy Symposium - Jackson Hole, 2009, 137-146
23. Unemployment Fluctuations with Staggered Nash Wage Bargaining
    Journal of Political Economy, 2009, 117, (1), 38-86 View citations (547)
    Also in Proceedings, 2006 (2006) View citations (90)
    See also Working Paper Unemployment Fluctuations With Staggered Nash Wage Bargaining, NBER Working Papers (2006) View citations (104) (2006)

2008

24. A Phillips Curve with an Ss Foundation
    Journal of Political Economy, 2008, 116, (3), 533-572 View citations (286)
    See also Working Paper A Phillips Curve with an Ss Foundation, NBER Working Papers (2006) View citations (36) (2006)
25. 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 (67)
    Also in Journal of Money, Credit and Banking, 2008, 40, (8), 1713-1764 (2008) View citations (380)
    See also Working Paper An Estimated Monetary DSGE Model with Unemployment and Staggered Nominal Wage Bargaining, Working Papers (2008) View citations (396) (2008)

2007

26. External Constraints on Monetary Policy and the Financial Accelerator
    Journal of Money, Credit and Banking, 2007, 39, (2‐3), 295-330 View citations (80)
    Also in Journal of Money, Credit and Banking, 2007, 39, (2-3), 295-330 (2007) View citations (350)
    Proceedings, 2001, (Mar) (2001) View citations (35)
    See also Working Paper External Constraints on Monetary Policy and the Financial Accelerator, NBER Working Papers (2003) View citations (142) (2003)
27. Macroeconomic Modeling for Monetary Policy Evaluation
    Journal of Economic Perspectives, 2007, 21, (4), 25-46 View citations (184)
    See also Working Paper Macroeconomic Modeling for Monetary Policy Evaluation, NBER Working Papers (2007) View citations (206) (2007)
28. Markups, Gaps, and the Welfare Costs of Business Fluctuations
    The Review of Economics and Statistics, 2007, 89, (1), 44-59 View citations (262)
    See also Working Paper Markups, Gaps, and the Welfare Costs of Business Fluctuations, Working Papers (2015) View citations (23) (2015)

2006

29. Medium-Term Business Cycles
    American Economic Review, 2006, 96, (3), 523-551 View citations (487)
    See also Working Paper Medium Term Business Cycles, NBER Working Papers (2003) View citations (25) (2003)

2005

30. Robustness of the estimates of the hybrid New Keynesian Phillips curve
    Journal of Monetary Economics, 2005, 52, (6), 1107-1118 View citations (377)
    See also Working Paper Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve, Working Papers (2015) View citations (25) (2015)
31. Targeting versus instrument rules for monetary policy - discussion
    Proceedings, 2005, 246-248

2004

32. 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 (139)

2003

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

2002

36. A simple framework for international monetary policy analysis
    Journal of Monetary Economics, 2002, 49, (5), 879-904 View citations (564)
    See also Working Paper A Simple Framework for International Monetary Policy Analysis, CEPR Discussion Papers (2002) View citations (583) (2002)

2001

37. European inflation dynamics
    European Economic Review, 2001, 45, (7), 1237-1270 View citations (767)
    See also Working Paper European Inflation Dynamics, CEPR Discussion Papers (2001) View citations (768) (2001)
38. Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach
    American Economic Review, 2001, 91, (2), 248-252 View citations (371)
39. Should Central Banks Respond to Movements in Asset Prices?
    American Economic Review, 2001, 91, (2), 253-257 View citations (786)

2000

40. Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
    The Quarterly Journal of Economics, 2000, 115, (1), 147-180 View citations (3379)
    See also Working Paper Monetary policy rules and macroeconomic stability: Evidence and some theory, Economics Working Papers (1999) View citations (11) (1999)

1999

41. "Overreaction" of Asset Prices in General Equilibrium
    Review of Economic Dynamics, 1999, 2, (1), 3-35 View citations (97)
    See also Working Paper "Overreaction" of Asset Prices in General Equilibrium, NBER Working Papers (1998) View citations (7) (1998)
42. Government debt and social security in a life-cycle economy
    Carnegie-Rochester Conference Series on Public Policy, 1999, 50, (1), 61-110 View citations (188)
    See also Working Paper Government Debt and Social Security in a Life-Cycle Economy, NBER Working Papers (1997) View citations (23) (1997)
43. Inflation dynamics: A structural econometric analysis
    Journal of Monetary Economics, 1999, 44, (2), 195-222 View citations (2126)
    See also Working Paper Inflation Dynamics: A Structural Econometric Analysis, NBER Working Papers (2000) View citations (148) (2000)
44. Monetary policy and asset price volatility
    Economic Review, 1999, 84, (Q IV), 17-51 View citations (306)
    Also in Proceedings - Economic Policy Symposium - Jackson Hole, 1999, 77-128 (1999) View citations (351)
    See also Working Paper Monetary Policy and Asset Price Volatility, NBER Working Papers (2000) View citations (233) (2000)
45. 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 (167)
    See also Working Paper The Information in the High Yield Bond Spread for the Business Cycle: Evidence and Some Implications, NBER Working Papers (2000) View citations (56) (2000)
46. The Science of Monetary Policy: A New Keynesian Perspective
    Journal of Economic Literature, 1999, 37, (4), 1661-1707 View citations (3232)
    See also Working Paper The Science of Monetary Policy: A New Keynesian Perspective, CEPR Discussion Papers (1999) View citations (3222) (1999)

1998

47. Monetary policy rules in practice
    Proceedings, 1998, (Mar) View citations (440)
48. Monetary policy rules in practice Some international evidence
    European Economic Review, 1998, 42, (6), 1033-1067 View citations (1661)
    See also Working Paper Monetary Policy Rules in Practice: Some International Evidence, NBER Working Papers (1997) View citations (190) (1997)

1997

49. Systematic Monetary Policy and the Effects of Oil Price Shocks
    Brookings Papers on Economic Activity, 1997, 28, (1), 91-157 View citations (1001)
    See also Working Paper Systematic Monetary Policy and the Effects of Oil Price Shocks, Working Papers (1997) View citations (112) (1997)

1996

50. The Financial Accelerator and the Flight to Quality
    The Review of Economics and Statistics, 1996, 78, (1), 1-15 View citations (1241)
    See also Working Paper The Financial Accelerator and the Flight to Quality, Working Papers (1994) View citations (102) (1994)

1995

51. Distinguishing theories of the monetary transmission mechanism: commentary
    Review, 1995, (May), 98-100
    Also in Proceedings, 1995, (May), 98-100 (1995)
52. Inside the Black Box: The Credit Channel of Monetary Policy Transmission
    Journal of Economic Perspectives, 1995, 9, (4), 27-48 View citations (2708)
    See also Working Paper Inside the Black Box: The Credit Channel of Monetary Policy Transmission, NBER Working Papers (1995) View citations (2685) (1995)
53. Monetary and Financial Interactions in the Business Cycle: Comment
    Journal of Money, Credit and Banking, 1995, 27, (4), 1342-53 View citations (17)

1994

54. Are banks dead?
    The Region, 1994, 8, (Sep), 22-26 View citations (10)
55. Are banks dead? Or are the reports greatly exaggerated?
    Quarterly Review, 1994, 18, (Sum), 2-23 View citations (59)
    See also Working Paper Are Banks Dead? Or Are the Reports Greatly Exaggerated?, NBER Working Papers (1995) View citations (20) (1995)
56. Monetary Policy, Business Cycles, and the Behavior of Small Manufacturing Firms
    The Quarterly Journal of Economics, 1994, 109, (2), 309-340 View citations (1359)
    See also Working Paper Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms, Working Papers (1993) View citations (17) (1993)
57. The role of large banks in the recent U.S. banking crisis
    Quarterly Review, 1994, 18, (Win), 2-21 View citations (47)

1993

58. Corporate Financial Policy, Taxation, and Macroeconomic Risk
    RAND Journal of Economics, 1993, 24, (2), 286-303 View citations (45)
    See also Working Paper Corporate Financial Policy, Taxation, and Macroeconomic Risk, NBER Working Papers (1991) View citations (7) (1991)
59. The cyclical behavior of short-term business lending: Implications for financial propagation mechanisms
    European Economic Review, 1993, 37, (2-3), 623-631 View citations (46)
    See also Working Paper The cyclical behavior of short term business lending: implications for financial propagation mechanisms, Finance and Economics Discussion Series (1993) View citations (17) (1993)

1992

60. Financial Capacity and Output Fluctuations in an Economy with Multi-Period Financial Relationships
    The Review of Economic Studies, 1992, 59, (3), 455-472 View citations (115)
    See also Working Paper FINANCIAL CAPACITY AND OUTPUT FLUCTUATIONS IN AN ECONOMY WITH MULTIPERIOD FINANCIAL RELATIONSHIPS, Working Papers (1990) (1990)

1991

61. Asset returns with transactions costs and uninsured individual risk
    Journal of Monetary Economics, 1991, 27, (3), 311-331 View citations (198)
    See also Working Paper Asset Returns with transaction costs and uninsured individual risk, Levine's Working Paper Archive (1997) View citations (8) (1997)
    Working Paper ASSET RETURNS WITH TRANSACTIONS COSTS AND UNINSURED INDIVIDUAL RISK: A STAGE III EXERCISE, Working Papers (1990) View citations (3) (1990)

1990

62. Financial Fragility and Economic Performance
    The Quarterly Journal of Economics, 1990, 105, (1), 87-114 View citations (424)
    See also Working Paper Financial Fragility And Economic Performance, SSRI Workshop Series (1987) View citations (19) (1987)
63. North-South lending and endogenous domestic capital market inefficiencies
    Journal of Monetary Economics, 1990, 26, (2), 245-266 View citations (193)

1989

64. Agency Costs, Net Worth, and Business Fluctuations
    American Economic Review, 1989, 79, (1), 14-31 View citations (3119)
    See also Working Paper Agency Costs, Net Worth, And Business Fluctuations, SSRI Workshop Series (1988) View citations (9) (1988)
65. Developing country borrowing and domestic wealth
    Proceedings, 1989 View citations (12)
    See also Working Paper Developing Country Borrowing and Domestic Wealth, NBER Working Papers (1989) View citations (11) (1989)

1988

66. Financial Structure and Aggregate Economic Activity: An Overview
    Journal of Money, Credit and Banking, 1988, 20, (3), 559-88 View citations (349)
    Also in Proceedings, 1988, 559-596 (1988) View citations (343)
    See also Working Paper Financial Structure and Aggregate Economic Activity: An Overview, NBER Working Papers (1988) View citations (376) (1988)
67. Financial factors in business fluctuations
    Proceedings - Economic Policy Symposium - Jackson Hole, 1988, 33-78 View citations (93)
    See also Working Paper FINANCIAL FACTORS IN BUSINESS FLUCTUATIONS, Working Papers (1988) View citations (127) (1988)

1986

68. Agency costs, collateral, and business fluctuations
    Proceedings, 1986 View citations (32)
    See also Working Paper Agency Costs, Collateral, and Business Fluctuations, NBER Working Papers (1986) View citations (35) (1986)

1985

69. The backing of government bonds and monetarism
    Journal of Monetary Economics, 1985, 16, (1), 19-44 View citations (96)

1982

70. Imperfect Information and Wage Inertia in the Business Cycle
    Journal of Political Economy, 1982, 90, (5), 967-87 View citations (10)
71. Monetary randomness and investment
    Journal of Monetary Economics, 1982, 10, (2), 239-258 View citations (27)
72. Unemployment, Inflation, and Common Stock Returns
    Journal of Money, Credit and Banking, 1982, 14, (2), 216-33 View citations (9)

1981

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

1979

74. Imperfect price adjustment and the optimal assignment of monetary and fiscal policies
    Journal of Economic Dynamics and Control, 1979, 1, (4), 305-320
75. 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 (277)

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 (53)

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 (103)
   See also Working Paper Wholesale Banking and Bank Runs in Macroeconomic Modeling of Financial Crises, Board of Governors of the Federal Reserve System (U.S.) (2016) View citations (78) (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 Journal Article Monetary Policy Surprises, Credit Costs, and Economic Activity, American Economic Association (2015) View citations (1305) (2015)
   Working Paper Monetary Policy Surprises, Credit Costs, and Economic Activity, Society for Economic Dynamics (2015) View citations (1319) (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 (1243)

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 Current Account Dynamics and Monetary Policy, Society for Economic Dynamics (2008) View citations (40) (2008)
9. Introduction to "International Dimensions of Monetary Policy"
   A chapter in International Dimensions of Monetary Policy, 2007, pp 1-10 View citations (9)

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 (3625)
    See also Working Paper The Financial Accelerator in a Quantitative Business Cycle Framework, National Bureau of Economic Research, Inc (1998) View citations (586) (1998)

1997

13. How the Bundesbank Conducts Monetary Policy
    A chapter in Reducing Inflation: Motivation and Strategy, 1997, pp 363-412 View citations (225)
    See also Working Paper How the Bundesbank Conducts Monetary Policy, National Bureau of Economic Research, Inc (1996) View citations (153) (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 (38)
    See also Working Paper U.S. Commercial Banking: Trends, Cycles, and Policy, C.V. Starr Center for Applied Economics, New York University (1993) View citations (28) (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 INTEREST RATE SPREADS, CREDIT CONSTRAINTS, AND INVESTMENT FLUCTUATIONS: AN EMPIRICAL INVESTIGATION, C.V. Starr Center for Applied Economics, New York University (1990) View citations (22) (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 (8)
    See also Working Paper Taxation, Corporate Capital Structure, and Financial Distress, National Bureau of Economic Research, Inc (1989) View citations (9) (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 Credit Booms, Financial Crises, and Macroprudential Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (22) (2020)