Details about Robert Hall

E-mail:
Homepage:	http://stanford.edu/~rehall
Phone:	650-723-2215
Postal address:	Hoover Institution Stanford University Stanford, CA 94305 USA
Workplace:	Department of Economics, Stanford University, (more information at EDIRC) Hoover Institution on War Revolution & Peace, Stanford University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Robert Hall.

Last updated 2021-01-24. Update your information in the RePEc Author Service.

Short-id: pha128

---

Jump to Journal Articles Books Edited books Chapters Software Items

Working Papers

2021

1. The Inexorable Recoveries of Unemployment
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)

2020

2. Job-Finding and Job-Losing: A Comprehensive Model of Heterogeneous Individual Labor-Market Dynamics
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (14)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (25)
3. Risk Premium Shocks Can Create Inefficient Recessions
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
4. The Unemployed With Jobs and Without Jobs
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
5. Trading Off Consumption and COVID-19 Deaths
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (105)
   See also Journal Article in Quarterly Review (2020)
6. Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (2)
   Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (2)

2019

7. Financial Business Cycles
   2019 Meeting Papers, Society for Economic Dynamics

2018

8. New Evidence on the Markup of Prices over Marginal Costs and the Role of Mega-Firms in the US Economy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (100)
9. Using Empirical Marginal Cost to Measure Market Power in the US Economy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)

2017

10. Changes in Labor Market Participation across the Household Income Distribution
    2017 Meeting Papers, Society for Economic Dynamics
11. Short-Run and Long-Run Effects of Milton Friedman's Presidential Address
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article in Journal of Economic Perspectives (2018)
12. The Disappointing Recovery of Output after 2009
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (111)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2017) View citations (48)
    See also Journal Article in Brookings Papers on Economic Activity (2017)
13. The Slow Recovery in Output after 2009
    2017 Meeting Papers, Society for Economic Dynamics View citations (7)

2016

14. Achieving Price Stability by Manipulating the Central Bank's Payment on Reserves
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in Economics Working Papers, Hoover Institution, Stanford University (2016) View citations (16)
    Discussion Papers, Centre for Macroeconomics (CFM) (2016) View citations (18)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) View citations (9)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (16)
15. Macroeconomics of Persistent Slumps
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Chapter (2016)
16. The Role of the Growth of Risk-Averse Wealth in the Decline of the Safe Real Interest Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)

2015

17. Maintaining Central-Bank Financial Stability under New-Style Central Banking
    Economics Working Papers, Hoover Institution, Stanford University View citations (72)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (77)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (70)
18. Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers
    Working Papers, Federal Reserve Bank of Minneapolis View citations (13)
    Also in Economics Working Papers, Hoover Institution, Stanford University (2015) View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (21)
    See also Journal Article in American Economic Journal: Macroeconomics (2018)
19. Wage Dispersion and Search Behavior
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (11)
    Also in Economics Working Papers, Hoover Institution, Stanford University (2015) View citations (14)
20. Wage Dispersion and Search Behavior: The Importance of Non-Wage Job Values
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article in Journal of Political Economy (2018)

2014

21. High Discounts and High Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Journal Article in American Economic Review (2017)
22. Measuring Matching Efficiency with Heterogeneous Jobseekers
    2014 Meeting Papers, Society for Economic Dynamics View citations (20)
23. Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (68)
    See also Chapter (2014)
    Journal Article in NBER Macroeconomics Annual (2015)
24. Trade With Asymmetric Information
    Working Papers Central Bank of Chile, Central Bank of Chile
    See also Chapter (2014)

2013

25. Fiscal Stability of High-Debt Nations under Volatile Economic Conditions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article in German Economic Review (2014)
26. Viewing Job-Seekers' Reservation Wages and Acceptance Decisions through the Lens of Search Theory
    2013 Meeting Papers, Society for Economic Dynamics View citations (1)

2012

27. The Cyclical Response of Advertising Refutes Counter-Cyclical Profit Margins in Favor of Product-Market Frictions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (48)

2011

28. Clashing Theories of Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
29. The Long Slump
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (257)
    See also Journal Article in American Economic Review (2011)

2010

30. Diagnosing Consumer Confusion and Sub-Optimal Shopping Effort: Theory and Mortgage-Market Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article in American Economic Review (2012)
31. Evidence on the Determinants of the Choice between Wage Posting and Wage Bargaining
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
32. Reconsidering the Basic Tenets of Macroeconomics in the Light of the Past Two Years
    Annual Meeting Plenary, Society for Economic Dynamics

2009

33. By How Much Does GDP Rise if the Government Buys More Output?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (509)
    See also Journal Article in Brookings Papers on Economic Activity (2009)

2008

34. Equity Depletion from Government-Guaranteed Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
35. General Equilibrium with Customer Relationships: A Dynamic Analysis of Rent-Seeking
    2008 Meeting Papers, Society for Economic Dynamics View citations (23)
36. The Burden of the Nondiversifiable Risk of Entrepreneurship
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in American Economic Review (2010)
37. Wage Formation between Newly Hired Workers and Employers: Survey Evidence
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (38)
    Also in Working Papers, Princeton University, Department of Economics, Industrial Relations Section. (2008) View citations (38)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (38)

2007

38. The Incentives to Start New Companies: Evidence from Venture Capital
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
39. The Limited Influence of Unemployment on the Wage Bargain
    Levine's Bibliography, UCLA Department of Economics View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (27)
    See also Journal Article in American Economic Review (2008)

2005

40. Employment Efficiency and Sticky Wages: Evidence from Flows in the Labor Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (142)
    See also Journal Article in The Review of Economics and Statistics (2005)
41. Job Loss, Job Finding, and Unemployment in the U.S. Economy Over the Past Fifty Years
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (213)
    See also Chapter (2006)
42. Separating the Business Cycle from Other Economic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (2005)
43. The Amplification of Unemployment Fluctuations through Self-Selection
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
44. The Labor Market and Macro Volatility: A Nonstationary General-Equilibrium Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article in Proceedings (2006)

2004

45. Benchmarking the Returns to Venture
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
46. The Value of Life and the Rise in Health Spending
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    See also Journal Article in The Quarterly Journal of Economics (2007)

2003

47. Corporate Earnings Track the Competitive Benchmark
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
48. Wage Determination and Employment Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)

2002

49. Industry Dynamics with Adjustment Costs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)

1999

50. Aggregate Job Destruction and Inventory Liquidation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
51. Controlling the Price Level
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article in American Journal of Economics and Sociology (2005)
52. Reorganization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (2000)
53. The Concentration of Job Destruction
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
54. The Stock Market and Capital Accumulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article in American Economic Review (2001)
55. Why Do Some Countries Produce So Much More Output per Worker than Others?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4865)
    Also in Working Papers, Stanford University, Department of Economics (1998) View citations (50)
    See also Journal Article in The Quarterly Journal of Economics (1999)

1998

56. Labor-Market Frictions and Employment Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Chapter (1999)

1997

57. Macroeconomic Fluctuations and the Allocation of Time
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (254)
    See also Journal Article in Journal of Labor Economics (1997)

1996

58. The Productivity of Nations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (123)
    Also in Working Papers, Stanford University, Department of Economics View citations (79)

1995

59. Productivity and the density of economic activity
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (626)
    See also Journal Article in American Economic Review (1996)

1993

60. Nominal Income Targeting
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (35)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (72)
    See also Chapter (1994)

1989

61. A Framework for studying Monetary Non-Neutrality
    NBER Working Papers, National Bureau of Economic Research, Inc
62. Bounds on the Variances of Specification Errors in Models with Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in CEPR Publications, Stanford University, Center for Economic Policy Research (1988) View citations (2)
63. Invariance Properties of Solow's Productivity Residual
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
64. Spontaneous Volatility of Output and Investment
    NBER Working Papers, National Bureau of Economic Research, Inc
65. Temporal Agglomeration
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)

1988

66. A Non-Competitive, Equilibrium Model Of Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
67. Substitution over Time in Work and Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)

1987

68. Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
69. Investment Under Uncertainty: Theory and Tests with Industry Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1986

70. Chronic Excess Capacity in U.S. Industry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
71. The Relation Between Price and Marginal Cost in U.S. Industry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (326)
    See also Journal Article in Journal of Political Economy (1988)

1985

72. Real Interest and Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)

1984

73. The Inefficiency of Marginal-Cost Pricing and The Apparent Rigidity of Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
74. The Role of Consumption in Economic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Chapter (1986)

1982

75. The Excess Sensitivity of Layoffs and Quits to Demand
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (70)
    See also Journal Article in Journal of Labor Economics (1984)

1981

76. Intertemporal Substitution in Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (647)
    See also Journal Article in Journal of Political Economy (1988)

1980

77. The Importance of Lifetime Jobs in the U.S. Economy
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in American Economic Review (1982)
78. The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (185)
    See also Journal Article in Econometrica (1982)

1979

79. Energy Prices, Inflation, and Recession, 1974-1975
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article in The Energy Journal (1980)
80. Labor Supply and Aggregate Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1980)
81. The Role of Prevailing Prices and Wages in the Efficient Organization of Markets
    NBER Working Papers, National Bureau of Economic Research, Inc

1978

82. A Theory of the Natural Unemployment Rate and the Duration of Employment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Journal of Monetary Economics (1979)
83. Efficient Wage Bargains Under Uncertain Supply and Demand
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article in American Economic Review (1979)
84. The Nature and Measurement of Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

1977

85. Fluctuation in Equilibrium Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in American Economic Review (1988)

1974

86. The Probability of Dependence on Public Assistance
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (1)

1973

87. On the Statistical Theory of Unobserved Components
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (3)

1972

88. The Taxations of Earnings Under Public Assistance
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1970

89. Wages, Income and Hours of Work in the U. S. Labor Force
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (9)

1968

90. The Quantitative Impact of Tax Policy on Investment Expenditures
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley

1967

91. Matrix Operations in Econometrics
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
92. Polynomial Distributed Lags
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (1)
93. The Calculation of Ordinary Least Squares
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

Undated

94. Fundamental Determinants of Output per Worker across Countries
    Working Papers, Stanford University, Department of Economics View citations (8)
95. Levels of Economic Activity across Countries
    Working Papers, Stanford University, Department of Economics View citations (59)
    See also Journal Article in American Economic Review (1997)

Journal Articles

2020

1. Trading Off Consumption and COVID-19 Deaths
   Quarterly Review, 2020, 42, (1), 14 View citations (49)
   See also Working Paper (2020)

2019

2. Comment
   NBER Macroeconomics Annual, 2019, 33, (1), 297 - 302

2018

3. Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Job-Seekers
   American Economic Journal: Macroeconomics, 2018, 10, (1), 1-32 View citations (40)
   See also Working Paper (2015)
4. Short-Run and Long-Run Effects of Milton Friedman's Presidential Address
   Journal of Economic Perspectives, 2018, 32, (1), 121-34 View citations (13)
   See also Working Paper (2017)
5. The Disappointing Recovery in U.S. Output after 2009
   FRBSF Economic Letter, 2018
6. Wage Dispersion and Search Behavior: The Importance of Nonwage Job Values
   Journal of Political Economy, 2018, 126, (4), 1594 - 1637 View citations (33)
   See also Working Paper (2015)

2017

7. Commentary: Low Interest Rates: Causes and Consequences
   International Journal of Central Banking, 2017, 13, (3), 103-117 View citations (5)
8. High Discounts and High Unemployment
   American Economic Review, 2017, 107, (2), 305-30 View citations (96)
   See also Working Paper (2014)
9. The Anatomy of Stagnation in a Modern Economy
   Economica, 2017, 84, (333), 1-15 View citations (6)
10. The Disappointing Recovery of Output after 2009
    Brookings Papers on Economic Activity, 2017, 48, (1 (Spring)), 1-81 View citations (125)
    See also Working Paper (2017)

2016

11. Changes in labor participation and household income
    FRBSF Economic Letter, 2016 View citations (9)
12. Comment
    NBER Macroeconomics Annual, 2016, 30, (1), 502 - 508
13. Search-and-Matching Analysis of High Unemployment Caused by the Zero Lower Bound
    Review of Economic Dynamics, 2016, 19, 210-217 View citations (2)

2015

14. Quantifying the Lasting Harm to the US Economy from the Financial Crisis
    NBER Macroeconomics Annual, 2015, 29, (1), 71 - 128 View citations (22)
    See also Working Paper (2014)
    Chapter (2014)

2014

15. Fiscal Stability of High-Debt Nations under Volatile Economic Conditions
    German Economic Review, 2014, 15, (1), 4-22 View citations (3)
    Also in German Economic Review, 2014, 15, (1), 4-22 (2014) View citations (4)
    See also Working Paper (2013)

2013

16. Financial Frictions
    International Journal of Central Banking, 2013, 9, (2), 155-163 View citations (6)
17. The routes into and out of the zero lower bound
    Proceedings - Economic Policy Symposium - Jackson Hole, 2013, 1-35 View citations (7)

2012

18. Diagnosing Consumer Confusion and Sub-optimal Shopping Effort: Theory and Mortgage-Market Evidence
    American Economic Review, 2012, 102, (7), 3249-76 View citations (118)
    See also Working Paper (2010)
19. Evidence on the Incidence of Wage Posting, Wage Bargaining, and On-the-Job Search
    American Economic Journal: Macroeconomics, 2012, 4, (4), 56-67 View citations (132)

2011

20. The High Sensitivity of Economic Activity to Financial Frictions
    Economic Journal, 2011, 121, (552), 351-378 View citations (75)
21. The Long Slump
    American Economic Review, 2011, 101, (2), 431-69 View citations (261)
    See also Working Paper (2011)

2010

22. Consumer Confusion in the Mortgage Market: Evidence of Less Than a Perfectly Transparent and Competitive Market
    American Economic Review, 2010, 100, (2), 511-15 View citations (36)
23. Foreword
    American Economic Review, 2010, 100, (2), xi-xii
24. The Burden of the Nondiversifiable Risk of Entrepreneurship
    American Economic Review, 2010, 100, (3), 1163-94 View citations (92)
    See also Working Paper (2008)
25. Why Does the Economy Fall to Pieces after a Financial Crisis?
    Journal of Economic Perspectives, 2010, 24, (4), 3-20 View citations (92)

2009

26. By How Much Does GDP Rise If the Government Buys More Output?
    Brookings Papers on Economic Activity, 2009, 40, (2 (Fall)), 183-249 View citations (518)
    See also Working Paper (2009)
27. Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor
    Journal of Political Economy, 2009, 117, (2), 281-323 View citations (195)

2008

28. Discussion of "Aggregate implications of indivisible labor, incomplete markets, and labor-market frictions" by Per Krusell, Toshihiko Mukoyama, Richard Rogerson, and Aysegul Sahin
    Journal of Monetary Economics, 2008, 55, (5), 980-982 View citations (1)
29. The Limited Influence of Unemployment on the Wage Bargain
    American Economic Review, 2008, 98, (4), 1653-74 View citations (409)
    See also Working Paper (2007)

2007

30. Business volatility, job destruction and unemployment - discussion
    Proceedings, 2007, (Nov)
31. Cyclical movements along the labor supply function
    Conference Series ; [Proceedings], 2007, 52
    See also Book (2007)
32. How Much Do We Understand about the Modern Recession?
    Brookings Papers on Economic Activity, 2007, 38, (2), 13-30 View citations (28)
33. In Honor of William Brainard and George Perry
    Brookings Papers on Economic Activity, 2007, 38, (2), 7-12
34. The Value of Life and the Rise in Health Spending
    The Quarterly Journal of Economics, 2007, 122, (1), 39-72 View citations (498)
    Also in Proceedings, 2005 (2005) View citations (7)
    See also Working Paper (2004)

2006

35. The labor market and macro volatility: a nonstationary general-equilibrium analysis
    Proceedings, 2006 View citations (9)
    See also Working Paper (2005)

2005

36. Controlling the Price Level
    American Journal of Economics and Sociology, 2005, 64, (1), 93-112 View citations (2)
    Also in The B.E. Journal of Macroeconomics, 2002, 2, (1), 1-21 (2002) View citations (22)
    See also Working Paper (1999)
37. Employment Efficiency and Sticky Wages: Evidence from Flows in the Labor Market
    The Review of Economics and Statistics, 2005, 87, (3), 397-407 View citations (136)
    See also Working Paper (2005)
38. Employment Fluctuations with Equilibrium Wage Stickiness
    American Economic Review, 2005, 95, (1), 50-65 View citations (991)
39. Separating the business cycle from other economic fluctuations
    Proceedings - Economic Policy Symposium - Jackson Hole, 2005, (Aug), 133-179 View citations (13)
    See also Working Paper (2005)

2004

40. Measuring Factor Adjustment Costs
    The Quarterly Journal of Economics, 2004, 119, (3), 899-927 View citations (160)

2003

41. Dynamics of corporate earnings
    Proceedings, 2003, (Mar) View citations (1)
42. Modern Theory of Unemployment Fluctuations: Empirics and Policy Applications
    American Economic Review, 2003, 93, (2), 145-150 View citations (40)

2001

43. Monetary policy in the information economy: commentary
    Proceedings - Economic Policy Symposium - Jackson Hole, 2001, 371-374
44. Productivity growth in the 1990s: technology, utilization, or adjustment? A comment
    Carnegie-Rochester Conference Series on Public Policy, 2001, 55, (1), 167-169
45. Struggling to Understand the Stock Market
    American Economic Review, 2001, 91, (2), 1-11 View citations (56)
46. The Stock Market and Capital Accumulation
    American Economic Review, 2001, 91, (5), 1185-1202 View citations (217)
    Also in Proceedings, 2000, (Apr) (2000) View citations (2)
    See also Working Paper (1999)

2000

47. E-Capital: The Link between the Stock Market and the Labor Market in the 1990s
    Brookings Papers on Economic Activity, 2000, 31, (2), 73-118 View citations (58)
48. Reorganization
    Carnegie-Rochester Conference Series on Public Policy, 2000, 52, (1), 1-22 View citations (13)
    See also Working Paper (1999)
49. Toward a Quantification of the Effects of Microsoft's Conduct
    American Economic Review, 2000, 90, (2), 188-191

1999

50. Why do Some Countries Produce So Much More Output Per Worker than Others?
    The Quarterly Journal of Economics, 1999, 114, (1), 83-116 View citations (4991)
    See also Working Paper (1999)

1998

51. Jobless growth: appropriability, factor substitution, and unemployment: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 95-99

1997

52. Irving Fisher's Self-Stabilizing Money
    American Economic Review, 1997, 87, (2), 436-38 View citations (4)
53. Levels of Economic Activity across Countries
    American Economic Review, 1997, 87, (2), 173-77 View citations (68)
    See also Working Paper
54. Macroeconomic Fluctuations and the Allocation of Time
    Journal of Labor Economics, 1997, 15, (1), S223-50 View citations (269)
    See also Working Paper (1997)
55. Potential Disruption from the Move to a Consumption Tax
    American Economic Review, 1997, 87, (2), 147-50 View citations (5)

1996

56. Productivity and the Density of Economic Activity
    American Economic Review, 1996, 86, (1), 54-70 View citations (1445)
    See also Working Paper (1995)

1995

57. Lost Jobs
    Brookings Papers on Economic Activity, 1995, 26, (1, 25th Anniversary Issue), 221-274 View citations (25)

1994

58. ECONOMICS AND ORGANIZATIONAL INNOVATION
    Contemporary Economic Policy, 1994, 12, (2), 1-20

1993

59. Macro Theory and the Recession of 1990-1991
    American Economic Review, 1993, 83, (2), 275-79 View citations (42)
60. The Value and Performance of U.S. Corporations
    Brookings Papers on Economic Activity, 1993, 24, (1), 1-50 View citations (32)

1988

61. Fluctuations in Equilibrium Unemployment
    American Economic Review, 1988, 78, (2), 269-75 View citations (1)
    See also Working Paper (1977)
62. Intertemporal Substitution in Consumption
    Journal of Political Economy, 1988, 96, (2), 339-57 View citations (1326)
    See also Working Paper (1981)
63. The Relation between Price and Marginal Cost in U.S. Industry
    Journal of Political Economy, 1988, 96, (5), 921-47 View citations (942)
    See also Working Paper (1986)

1987

64. Productivity and the business cycle
    Carnegie-Rochester Conference Series on Public Policy, 1987, 27, (1), 421-444 View citations (25)

1986

65. Market Structure and Macroeconomic Fluctuations
    Brookings Papers on Economic Activity, 1986, 17, (2), 285-338 View citations (288)

1985

66. The Route to a Progressive Flat Tax
    Cato Journal, 1985, 5, (2), 465-480 View citations (11)

1984

67. Monetary strategy with an elastic price standard
    Proceedings - Economic Policy Symposium - Jackson Hole, 1984, 137-167 View citations (26)
68. The Excess Sensitivity of Layoffs and Quits to Demand
    Journal of Labor Economics, 1984, 2, (2), 233-57 View citations (119)
    See also Working Paper (1982)

1983

69. Is Unemployment a Macroeconomic Problem?
    American Economic Review, 1983, 73, (2), 219-22 View citations (8)
70. Macroeconomic policy under structural change
    Proceedings - Economic Policy Symposium - Jackson Hole, 1983, 85-122 View citations (8)
71. Optimal fiduciary monetary systems
    Journal of Monetary Economics, 1983, 12, (1), 33-50 View citations (31)

1982

72. Monetary Trends in the United States and the United Kingdom: A Review from the Perspective of New Developments in Monetary Economics
    Journal of Economic Literature, 1982, 20, (4), 1552-56 View citations (19)
73. The Importance of Lifetime Jobs in the U.S. Economy
    American Economic Review, 1982, 72, (4), 716-24 View citations (124)
    See also Working Paper (1980)
74. The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households
    Econometrica, 1982, 50, (2), 461-81 View citations (497)
    See also Working Paper (1980)

1981

75. 'Interpreting economic evidence' by Davidson and Hendry
    European Economic Review, 1981, 16, (1), 193-194
76. The Reagan economic plan--discussion
    Economic Review, 1981, (Fall suppl)

1980

77. 'The rational expectations approach to the consumption function: A multi-country study' by Bilson
    European Economic Review, 1980, 13, (3), 301-303 View citations (1)
78. Arthur M. Okun, 1928-1980
    Brookings Papers on Economic Activity, 1980, 11, (1, Tenth Anniversary Issue), 1-5
79. Employment Fluctuations and Wage Rigidity
    Brookings Papers on Economic Activity, 1980, 11, (1, Tenth Anniversary Issue), 91-142 View citations (56)
80. Energy Prices and the U.S.Economy in 1979-1981
    The Energy Journal, 1980, Volume 1, (Number 2) View citations (2)
81. Energy Prices, Inflation, and Recession, 1974-1975
    The Energy Journal, 1980, Volume 1, (Number 3), 31-64 View citations (20)
    See also Working Paper (1979)
82. Labor supply and aggregate fluctuations
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 7-33 View citations (74)
    See also Working Paper (1979)
83. Stabilization Policy and Capital Formation
    American Economic Review, 1980, 70, (2), 157-63 View citations (5)

1979

84. A theory of the natural unemployment rate and the duration of employment
    Journal of Monetary Economics, 1979, 5, (2), 153-169 View citations (91)
    See also Working Paper (1978)
85. Efficient Wage Bargains under Uncertain Supply and Demand
    American Economic Review, 1979, 69, (5), 868-79 View citations (57)
    See also Working Paper (1978)

1978

86. A comment on the Fetherston and Godley and Posner papers
    Carnegie-Rochester Conference Series on Public Policy, 1978, 9, (1), 87-89 View citations (1)
87. Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence
    Journal of Political Economy, 1978, 86, (6), 971-87 View citations (1556)
88. The Macroeconomic Impact of Changes in Income Taxes in the Short and Medium Runs
    Journal of Political Economy, 1978, 86, (2), S71-85 View citations (4)
    See also Chapter (1978)

1977

89. Investment, Interest Rates, and the Effects of Stabilization Policies
    Brookings Papers on Economic Activity, 1977, 8, (1), 61-122 View citations (33)
90. Structural unemployment and the productivity of women: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1977, 5, (1), 231-233

1976

91. An Approximate Divisia Index of Total Factor Productivity
    Econometrica, 1976, 44, (2), 257-63 View citations (20)
92. Occupational Mobility and the Distribution of Occupational Success among Young Men
    American Economic Review, 1976, 66, (2), 309-15 View citations (3)
93. The Phillips curve and macroeconomic policy
    Carnegie-Rochester Conference Series on Public Policy, 1976, 1, (1), 127-148 View citations (5)

1975

94. The Rigidity of Wages and the Persistence of Unemployment
    Brookings Papers on Economic Activity, 1975, 6, (2), 301-350 View citations (33)

1974

95. The Process of Inflation in the Labor Market
    Brookings Papers on Economic Activity, 1974, 5, (2), 343-410 View citations (19)

1973

96. The Effect of Children on the Housewife's Value of Time: Comment
    Journal of Political Economy, 1973, 81, (2), S200-01
97. The Relative Occupational Success of Blacks and Whites
    Brookings Papers on Economic Activity, 1973, 4, (3), 781-798 View citations (2)
98. The Specification of Technology with Several Kinds of Output
    Journal of Political Economy, 1973, 81, (4), 878-92 View citations (57)

1972

99. Turnover in the Labor Force
    Brookings Papers on Economic Activity, 1972, 3, (3), 709-764 View citations (71)

1971

100. Prospects for Shifting the Phillips Curve through Manpower Policy
     Brookings Papers on Economic Activity, 1971, 2, (3), 659-701 View citations (2)
101. The Dynamic Effects of Fiscal Policy in an Economy with Foresight
     Review of Economic Studies, 1971, 38, (2), 229-244 View citations (36)
102. The Market for Professional and Technical Workers
     Brookings Papers on Economic Activity, 1971, 2, (1), 213-218

1970

103. Recent Increases in Unemployment
     Brookings Papers on Economic Activity, 1970, 1, (1), 147-151 View citations (1)
104. Why Is the Unemployment Rate So High at Full Employment?
     Brookings Papers on Economic Activity, 1970, 1, (3), 369-410 View citations (117)

1969

105. Tax Policy and Investment Behavior: Reply and Further Results
     American Economic Review, 1969, 59, (3), 388-401 View citations (37)

1968

106. Technical Change and Capital from the Point of View of the Dual
     Review of Economic Studies, 1968, 35, (1), 35-46 View citations (47)

Books

2010

1. Forward-Looking Decision Making: Dynamic Programming Models Applied to Health, Risk, Employment, and Financial Stability
   Economics Books, Princeton University Press

2007

2. Cyclical movements along the labor supply function
   Monograph, Federal Reserve Bank of Boston
   See also Journal Article in Conference Series ; [Proceedings] (2007)

1996

3. Fairness and Efficiency in the Flat Tax
   Books, American Enterprise Institute View citations (6)

1991

4. The Rational Consumer: Theory and Evidence, vol 1
   MIT Press Books, The MIT Press View citations (2)

1982

5. Inflation: Causes and Effects
   NBER Books, National Bureau of Economic Research, Inc View citations (174)

Edited books

2009

1. Inflation
   National Bureau of Economic Research Books, University of Chicago Press View citations (1)

Chapters

2020

1. Comment on "Diverging Trends in National and Local Concentration"
   A chapter in NBER Macroeconomics Annual 2020, volume 35, 2020, pp 167-172

2018

2. Comment on "The Tail That Keeps the Riskless Rate Low"
   A chapter in NBER Macroeconomics Annual 2018, volume 33, 2018, pp 297-302

2016

3. Macroeconomics of Persistent Slumps
   Elsevier View citations (16)
   See also Working Paper (2016)

2015

4. Comment on "Declining Desire to Work and Downward Trends in Unemployment and Participation"
   A chapter in NBER Macroeconomics Annual 2015, Volume 30, 2015, pp 502-508

2014

5. Quantifying the Lasting Harm to the US Economy from the Financial Crisis
   A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 71-128 View citations (76)
   See also Working Paper (2014)
   Journal Article in NBER Macroeconomics Annual (2015)
6. Trade with Asymmetric Information
   Chapter 5 in Macroeconomic and Financial Stability: challenges for Monetary Policy, 2014, vol. 19, pp 151-160
   See also Working Paper (2014)

2013

7. Comment on "Reference Dependence and Labor Market Fluctuations"
   A chapter in NBER Macroeconomics Annual 2013, Volume 28, 2013, pp 201-208

2012

8. Comment on "Fiscal Multipliers in Recession and Expansion"
   A chapter in Fiscal Policy after the Financial Crisis, 2012, pp 98-102
9. How the Financial Crisis Caused Persistent Unemployment
   Chapter 4 in Government Policies and the Delayed Economic Recovery, 2012 View citations (1)
10. Monitoring the Financial Condition and Expenditures of Households
    A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2012, pp 175-182

2010

11. Basic Analysis of Forward-Looking Decision Making
    A chapter in Forward-Looking Decision Making: Dynamic Programming Models Applied to Health, Risk, Employment, and Financial Stability, 2010 View citations (6)
12. Comment on "Adjusted Estimates of Worker Flows and Job Openings in JOLTS"
    A chapter in Labor in the New Economy, 2010, pp 216-221 View citations (4)

2009

13. Comment on "The Timing of Labor Market Expansions: New Facts and a New Hypothesis"
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 53-58

2006

14. Job Loss, Job Finding and Unemployment in the US Economy over the Past Fifty Years
    A chapter in NBER Macroeconomics Annual 2005, Volume 20, 2006, pp 101-166 View citations (25)
    See also Working Paper (2005)

2005

15. Comment on "Shadow Sorting"
    A chapter in NBER International Seminar on Macroeconomics 2005, 2005, pp 164-166
16. Remarks
    A chapter in Measuring Capital in the New Economy, 2005, pp 557-576

1999

17. Labor-market frictions and employment fluctuations
    Chapter 17 in Handbook of Macroeconomics, 1999, vol. 1, Part B, pp 1137-1170 View citations (46)
    See also Working Paper (1998)

1996

18. The Effects of Tax Reform on Prices and Asset Values
    A chapter in Tax Policy and the Economy, Volume 10, 1996, pp 71-88 View citations (17)

1994

19. Nominal Income Targeting
    A chapter in Monetary Policy, 1994, pp 71-94 View citations (116)
    See also Working Paper (1993)

1991

20. Labor Demand, Labor Supply, and Employment Volatility
    A chapter in NBER Macroeconomics Annual 1991, Volume 6, 1991, pp 17-62 View citations (77)

1987

21. Cyclical fluctuations in the labor market
    Chapter 17 in Handbook of Labor Economics, 1987, vol. 2, pp 1001-1035 View citations (2)

1986

22. The Role of Consumption in Economic Fluctuations
    A chapter in The American Business Cycle: Continuity and Change, 1986, pp 237-266 View citations (64)
    See also Working Paper (1984)

1982

23. Explorations in the Gold Standard and Related Policies for Stabilizing the Dollar
    A chapter in Inflation: Causes and Effects, 1982, pp 111-122 View citations (34)
24. Introduction to "Inflation: Causes and Effects"
    A chapter in Inflation: Causes and Effects, 1982, pp 1-10 View citations (20)
25. The Minimum Wage and Job Turnover in Markets for Young Workers
    A chapter in The Youth Labor Market Problem: Its Nature, Causes, and Consequences, 1982, pp 475-498 View citations (5)

1978

26. The Macroeconomic Impact of Changes in Income Taxes in the Short and Medium Runs
    A chapter in Research in Taxation, 1978, pp 71-85 View citations (4)
    See also Journal Article in Journal of Political Economy (1978)

1974

27. Estimation and Inference in Nonlinear Structural Models
    A chapter in Annals of Economic and Social Measurement, Volume 3, number 4, 1974, pp 653-665 View citations (763)

Software Items

2015

1. Code and data files for "Search-and-Matching Analysis of High Unemployment Caused by the Zero Lower Bound"
   Computer Codes, Review of Economic Dynamics