Details about Anil Kashyap

Homepage:	https://faculty.chicagobooth.edu/anil-kashyap
Phone:	(773) 702-7260
Postal address:	University of Chicago, Graduate School of Business, 5807 S. Woodlawn Avenue, Chicago, IL 60637
Workplace:	Booth School of Business, University of Chicago, (more information at EDIRC) Bank of England, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Anil Kashyap.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pka35

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Jump to Journal Articles Books Edited books Chapters

Working Papers

2023

1. Price Discrimination and Mortgage Choice
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2022

2. Monetary Policy When the Central Bank Shapes Financial-Market Sentiment
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

3. Is There Too Much Benchmarking in Asset Management?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
4. Optimal Bank Regulation In the Presence of Credit and Run-Risk
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2017) View citations (8)
5. The Great Disconnect: The Decoupling of Wage and Price Inflation in Japan
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2018

6. Benchmarking Asset Managers
   2018 Meeting Papers, Society for Economic Dynamics View citations (1)
7. Some Principles for Regulating Cyber Risk
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
   See also Journal Article Some Principles for Regulating Cyber Risk, AEA Papers and Proceedings, American Economic Association (2019) View citations (23) (2019)
8. The Benchmark Inclusion Subsidy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (4)
9. Would macroprudential regulation have prevented the last crisis?
   Bank of England working papers, Bank of England View citations (2)
   See also Journal Article Would Macroprudential Regulation Have Prevented the Last Crisis?, Journal of Economic Perspectives, American Economic Association (2019) View citations (39) (2019)

2017

10. Deflating Inflation Expectations: The Implications of Inflation’s Simple Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
11. The Tradeoffs in Leaning Against the Wind
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2017) View citations (8)
    See also Journal Article The Trade offs in Leaning Against the Wind, IMF Economic Review, Palgrave Macmillan (2018) View citations (43) (2018)
12. Value for Money framework for managing the renegotiation of Public Private Partnership projects
    ERES, European Real Estate Society (ERES)
13. Which Banks Recover From Large Adverse Shocks?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)

2016

14. Liquidity Requirements, Liquidity Choice and Financial Stability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
    See also Chapter Liquidity Requirements, Liquidity Choice, and Financial Stability, Handbook of Macroeconomics, Elsevier (2016) View citations (47) (2016)

2015

15. How does macroprudential regulation change bank credit supply?
    2015 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (50)

2014

16. Best Prices: Price Discrimination and Consumer Substitution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Best Prices: Price Discrimination and Consumer Substitution, American Economic Journal: Economic Policy, American Economic Association (2019) View citations (10) (2019)

2013

17. Who Should Pay for Credit Ratings and How?
    2013 Meeting Papers, Society for Economic Dynamics View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (8)
    See also Journal Article Who Should Pay for Credit Ratings and How?, The Review of Financial Studies, Society for Financial Studies (2016) View citations (20) (2016)

2012

18. Financial Regulation in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (77)
    Also in Working papers, Banque de France (2012) View citations (75)
    FMG Discussion Papers, Financial Markets Group (2012) View citations (47)

2011

19. Best Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)

2009

20. A New Metric for Banking Integration in Europe
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
    Also in ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research (2008) View citations (5)
    See also Chapter A New Metric for Banking Integration in Europe, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (23) (2010)

2008

21. Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    See also Journal Article Will the U.S. bank recapitalization succeed? Eight lessons from Japan, Journal of Financial Economics, Elsevier (2010) View citations (167) (2010)

2007

22. Disasters and Recoveries: A Note on the Barro-Rietz Explanation of the Equity Premium Puzzle
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (1)
23. INVESTMENT SPIKES: NEW FACTS AND A GENERAL EQUILIBRIUM EXPLORATION
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics View citations (126)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (111)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (126)
    See also Journal Article Investment spikes: New facts and a general equilibrium exploration, Journal of Monetary Economics, Elsevier (2007) View citations (121) (2007)

2006

24. Stability First: Reflections Inspired by Otmar Issing's Success as the ECB's Chief Economist
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
25. Zombie Lending and Depressed Restructuring in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
    See also Journal Article Zombie Lending and Depressed Restructuring in Japan, American Economic Review, American Economic Association (2008) View citations (857) (2008)

2004

26. Solutions to the Japanese Banking Crisis: What might work and what definitely will fail
    Hi-Stat Discussion Paper Series, Institute of Economic Research, Hitotsubashi University View citations (7)

2003

27. Monetary Transmission in the Euro Area: Does the Interest Rate Channel Explain it All?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
28. The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (84)
    Also in Working Paper Series, European Central Bank (2003) View citations (78)

2002

29. Monetary Transmission in the Euro Area: Where Do We Stand?
    Working Paper Series, European Central Bank View citations (205)
30. Sorting Out Japan's Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article Sorting out Japan's financial crisis, Economic Perspectives, Federal Reserve Bank of Chicago (2002) View citations (19) (2002)
31. Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data
    Yale School of Management Working Papers, Yale School of Management View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (28)
    See also Journal Article Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data, American Economic Review, American Economic Association (2003) View citations (332) (2003)

2000

32. Will a Common European Monetary Policy Have Asymmetric Effects?
    Working Papers, Banca Italia - Servizio di Studi View citations (7)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2000) View citations (2)
    See also Journal Article Will a common European monetary policy have asymmetric effects?, Economic Perspectives, Federal Reserve Bank of Chicago (1999) View citations (9) (1999)

1999

33. Banks as Liquidity Providers: An Explanation for the Co-Existence of Lending and Deposit-Taking
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    Also in Proceedings, Federal Reserve Bank of Chicago (1998) View citations (3)
34. The Japanese Banking Crisis: Where Did It Come From and How Will It End?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (204)
    See also Chapter The Japanese Banking Crisis: Where Did It Come From and How Will It End?, NBER Chapters, National Bureau of Economic Research, Inc (2000) View citations (76) (2000)

1997

35. Interactions between the seasonal and business cycles in production and inventories
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (34)
    See also Journal Article Interactions between the Seasonal and Business Cycles in Production and Inventories, American Economic Review, American Economic Association (1997) View citations (37) (1997)
36. What Do a Million Banks Have to Say About the Transmission of Monetary Policy?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)

1995

37. Do Firms Smooth the Seasonal in Production in a Boom? Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
38. International Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
    See also Journal Article International cycles, European Economic Review, Elsevier (1996) View citations (17) (1996)
39. The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (358)
    See also Journal Article The Transformation of the U.S. Banking Industry: What a Long, Strange Trips It's Been, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (1995) View citations (202) (1995)
40. Why Firms Smooth Seasonals in a Boom
    Working Papers, Ohio State University, Department of Economics View citations (3)

1994

41. Sticky Prices: New Evidence from Retail Catalogs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1991) View citations (7)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1990) View citations (2)
    See also Journal Article Sticky Prices: New Evidence from Retail Catalogs, The Quarterly Journal of Economics, President and Fellows of Harvard College (1995) View citations (376) (1995)
42. The Impact of Monetary Policy on Bank Balance Sheets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (81)
    See also Journal Article The impact of monetary policy on bank balance sheets, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1995) View citations (641) (1995)

1993

43. Credit conditions and the cyclical behavior of inventories
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (16)
    See also Journal Article Credit Conditions and the Cyclical Behavior of Inventories, The Quarterly Journal of Economics, President and Fellows of Harvard College (1994) View citations (380) (1994)
44. Internal Finance and Firm Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (121)
45. Lessons from the Japanese main bank system for financial system reform in Poland
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (3)
    Also in Proceedings, Federal Reserve Bank of Chicago (1992) View citations (2)
46. Monetary Policy and Bank Lending
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (108)
    See also Chapter Monetary Policy and Bank Lending, NBER Chapters, National Bureau of Economic Research, Inc (1994) View citations (332) (1994)
47. The Choice Between Public and Private Debt: An Analysis of Post-Deregulation Corporate Financing in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (126)

1992

48. Credit Conditions and the Cyclical Behavior of Inventories: A Case Studyof the 1981-82 Recession
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
49. Monetary Policy and Credit Conditions: Evidence From the Composition of External Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1991) View citations (3)
    See also Journal Article Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance, American Economic Review, American Economic Association (1993) View citations (870) (1993)
50. Production and inventory control at the General Motors Corporation during the 1920s and 1930s
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (1)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1990) View citations (1)
    See also Journal Article Production and Inventory Control at the General Motors Corporation during the 1920's and 1930's, American Economic Review, American Economic Association (1993) View citations (23) (1993)

1991

51. Internal net worth and the investment process: an application to U.S. agriculture
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (6)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1990) View citations (5)
    See also Journal Article Internal Net Worth and the Investment Process: An Application to U.S. Agriculture, Journal of Political Economy, University of Chicago Press (1992) View citations (147) (1992)

1990

52. Evidence on q and investment for Japanese firms
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (61)
    See also Journal Article Evidence on q and investment for Japanese firms, Journal of the Japanese and International Economies, Elsevier (1990) View citations (60) (1990)
53. 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 (30) (1991)
54. The Role of Banks in Reducing the Costs of Financial Distress in Japan
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (508)
    See also Journal Article The role of banks in reducing the costs of financial distress in Japan, Journal of Financial Economics, Elsevier (1990) View citations (545) (1990)
55. The role of banks in reducing financial distress in Japan
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (53)

1989

56. Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    See also Chapter Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships, NBER Chapters, National Bureau of Economic Research, Inc (1990) View citations (87) (1990)
57. Bank monitoring and investment: evidence from the changing structure of Japanese corporate banking relations
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (33)
58. Corporate structure, liquidity, and investment: evidence from Japanese industrial groups
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (109)
    See also Journal Article Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups, The Quarterly Journal of Economics, President and Fellows of Harvard College (1991) View citations (1112) (1991)

1984

59. A weekly perfect foresight model of the nonborrowed reserve operating procedure
    Working Paper, Federal Reserve Bank of Richmond View citations (8)
60. Estimating distributed lag relationships using near-minimax procedures
    Special Studies Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

Journal Articles

2020

1. Financial Stability Considerations and Monetary Policy
   International Journal of Central Banking, 2020, 16, (1), 231-266 View citations (17)

2019

2. Best Prices: Price Discrimination and Consumer Substitution
   American Economic Journal: Economic Policy, 2019, 11, (1), 126-59 View citations (10)
   See also Working Paper Best Prices: Price Discrimination and Consumer Substitution, NBER Working Papers (2014) View citations (4) (2014)
3. Some Principles for Regulating Cyber Risk
   AEA Papers and Proceedings, 2019, 109, 482-87 View citations (23)
   See also Working Paper Some Principles for Regulating Cyber Risk, CEPR Discussion Papers (2018) View citations (4) (2018)
4. Would Macroprudential Regulation Have Prevented the Last Crisis?
   Journal of Economic Perspectives, 2019, 33, (1), 107-30 View citations (39)
   See also Working Paper Would macroprudential regulation have prevented the last crisis?, Bank of England working papers (2018) View citations (2) (2018)

2018

5. The Trade offs in Leaning Against the Wind
   IMF Economic Review, 2018, 66, (1), 70-115 View citations (43)
   See also Working Paper The Tradeoffs in Leaning Against the Wind, NBER Working Papers (2017) View citations (16) (2017)

2017

6. Banking and the Evolving Objectives of Bank Regulation
   Journal of Political Economy, 2017, 125, (6), 1812 - 1825 View citations (2)

2016

7. Who Should Pay for Credit Ratings and How?
   The Review of Financial Studies, 2016, 29, (2), 420-456 View citations (20)
   See also Working Paper Who Should Pay for Credit Ratings and How?, 2013 Meeting Papers (2013) View citations (20) (2013)

2015

8. Will the U.S. and Europe Avoid a Lost Decade? Lessons from Japan’s Postcrisis Experience
   IMF Economic Review, 2015, 63, (1), 110-163 View citations (6)

2014

9. Principles for macroprudential regulation
   Financial Stability Review, 2014, (18), 173-182 View citations (3)

2013

10. Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group
    Journal of Applied Corporate Finance, 2013, 25, (4), 37-40 View citations (6)
11. An Integrated Framework for Analyzing Multiple Financial Regulations
    International Journal of Central Banking, 2013, 9, (1), 109-144 View citations (53)
12. Comment
    NBER Macroeconomics Annual, 2013, 27, (1), 293 - 307
13. Comments on 'The ins and outs of LSAPs'
    Proceedings - Economic Policy Symposium - Jackson Hole, 2013
14. Report: Ad Hoc Search Committee for the Editor of the Journal of Economic Literature
    American Economic Review, 2013, 103, (3), 775-775

2012

15. The Optimal Conduct of Monetary Policy with Interest on Reserves
    American Economic Journal: Macroeconomics, 2012, 4, (1), 266-82 View citations (71)

2011

16. A Macroprudential Approach to Financial Regulation
    Journal of Economic Perspectives, 2011, 25, (1), 3-28 View citations (506)
17. Macroprudential policies in open emerging economies - commentary
    Proceedings, 2011, (Nov), 115-119
18. The Macroprudential Toolkit
    IMF Economic Review, 2011, 59, (2), 145-161 View citations (29)

2010

19. Sticky prices and inflation dynamics: Editor's introduction
    Journal of the Japanese and International Economies, 2010, 24, (2), 137-139
    See also Chapter Sticky Prices and Inflation Dynamics: Editor's Introduction, NBER Chapters, 2010, 137-139 (2010) (2010)
20. The 2007-8 financial crisis: Lessons from corporate finance
    Journal of Financial Economics, 2010, 97, (3), 303-305 View citations (12)
21. The Squam Lake Report: Fixing the Financial System
    Journal of Applied Corporate Finance, 2010, 22, (3), 8-21 View citations (120)
    See also Book The Squam Lake Report: Fixing the Financial System, Economics Books, 2010 (2010) View citations (110) (2010)
22. Will the U.S. bank recapitalization succeed? Eight lessons from Japan
    Journal of Financial Economics, 2010, 97, (3), 398-417 View citations (167)
    See also Working Paper Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan, NBER Working Papers (2008) View citations (27) (2008)

2009

23. The financial crisis and global policy reforms - commentary
    Proceedings, 2009, (Oct), 335-340
24. The future of financial regulation: an exchange of views
    Financial Stability Review, 2009, (13), 97-102

2008

25. Rethinking capital regulation
    Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 431-471 View citations (128)
26. Zombie Lending and Depressed Restructuring in Japan
    American Economic Review, 2008, 98, (5), 1943-77 View citations (857)
    See also Working Paper Zombie Lending and Depressed Restructuring in Japan, NBER Working Papers (2006) View citations (60) (2006)

2007

27. Investment spikes: New facts and a general equilibrium exploration
    Journal of Monetary Economics, 2007, 54, (Supplement 1), 1-22 View citations (121)
    See also Working Paper INVESTMENT SPIKES: NEW FACTS AND A GENERAL EQUILIBRIUM EXPLORATION, Boston University - Department of Economics - Working Papers Series (2007) View citations (126) (2007)

2006

28. The Contradiction in China's Gradualist Banking Reforms
    Brookings Papers on Economic Activity, 2006, 37, (2), 103-162 View citations (49)

2005

29. Liquidity and fire sales - discussion
    Proceedings, 2005, 271-275

2004

30. Cyclical implications of the Basel II capital standards
    Economic Perspectives, 2004, 28, (Q I), 18-31 View citations (123)
31. JFI special issue: Financial Structure and Monetary Policy Channels
    Journal of Financial Intermediation, 2004, 13, (4), 411-413
32. Japan's Financial Crisis and Economic Stagnation
    Journal of Economic Perspectives, 2004, 18, (1), 3-26 View citations (101)

2003

33. The output composition puzzle: a difference in the monetary transmission mechanism in the euro area and United States
    Proceedings, 2003, 1265-1317 View citations (49)
    See also Chapter The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and the United States, Central Banking, Analysis, and Economic Policies Book Series, 2004, 7, 059-120 (2004) View citations (4) (2004)
34. Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data
    American Economic Review, 2003, 93, (1), 15-37 View citations (332)
    See also Working Paper Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data, Yale School of Management Working Papers (2002) View citations (14) (2002)

2002

35. Sorting out Japan's financial crisis
    Economic Perspectives, 2002, 26, (Q IV), 42-55 View citations (19)
    See also Working Paper Sorting Out Japan's Financial Crisis, NBER Working Papers (2002) View citations (21) (2002)

2001

36. Comment on Capital Markets and the Exchange Rate
    Journal of Money, Credit and Banking, 2001, 33, (2), 335-38
37. Introduction to the symposium on the Japanese economic slump of the 1990s
    Journal of International Economics, 2001, 53, (2), 239-240

2000

38. What Do a Million Observations on Banks Say about the Transmission of Monetary Policy?
    American Economic Review, 2000, 90, (3), 407-428 View citations (1746)

1999

39. What should regulators do about merger policy?
    Journal of Banking & Finance, 1999, 23, (2-4), 623-627 View citations (3)
40. Will a common European monetary policy have asymmetric effects?
    Economic Perspectives, 1999, 23, (Q IV), 56-75 View citations (9)
    See also Working Paper Will a Common European Monetary Policy Have Asymmetric Effects?, Working Papers (2000) View citations (7) (2000)

1998

41. Comment on Angelini, Di Salvo and Ferri
    Journal of Banking & Finance, 1998, 22, (6-8), 955-957 View citations (3)

1997

42. Interactions between the Seasonal and Business Cycles in Production and Inventories
    American Economic Review, 1997, 87, (5), 884-92 View citations (37)
    See also Working Paper Interactions between the seasonal and business cycles in production and inventories, Working Paper Series, Macroeconomic Issues (1997) View citations (34) (1997)
43. The role of banks in monetary policy: a survey with implications for the European Monetary Union
    Economic Perspectives, 1997, 22, (Sep), 2-18 View citations (108)

1996

44. International cycles
    European Economic Review, 1996, 40, (2), 331-360 View citations (17)
    See also Working Paper International Cycles, NBER Working Papers (1995) View citations (53) (1995)
45. Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply
    American Economic Review, 1996, 86, (1), 310-14 View citations (84)

1995

46. International Finance and Firm Investment
    Journal of Money, Credit and Banking, 1995, 27, (3), 683-701 View citations (67)
47. Sticky Prices: New Evidence from Retail Catalogs
    The Quarterly Journal of Economics, 1995, 110, (1), 245-274 View citations (376)
    See also Working Paper Sticky Prices: New Evidence from Retail Catalogs, NBER Working Papers (1994) View citations (2) (1994)
48. The Transformation of the U.S. Banking Industry: What a Long, Strange Trips It's Been
    Brookings Papers on Economic Activity, 1995, 26, (2), 55-218 View citations (202)
    See also Working Paper The Transformation of the U.S. Banking Industry: What a Long, Strange Trip It's Been, Center for Financial Institutions Working Papers (1995) View citations (358) (1995)
49. The impact of monetary policy on bank balance sheets
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 151-195 View citations (641)
    See also Working Paper The Impact of Monetary Policy on Bank Balance Sheets, NBER Working Papers (1994) View citations (81) (1994)

1994

50. Credit Conditions and the Cyclical Behavior of Inventories
    The Quarterly Journal of Economics, 1994, 109, (3), 565-592 View citations (380)
    See also Working Paper Credit conditions and the cyclical behavior of inventories, Working Paper Series, Macroeconomic Issues (1993) View citations (16) (1993)
51. Japanese monetary policy: Kenneth J. Singleton, ed., (University of Chicago Press, Chicago, 1993) pp. ix + 195, $35.00
    Journal of International Economics, 1994, 37, (1-2), 135-139

1993

52. Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance
    American Economic Review, 1993, 83, (1), 78-98 View citations (870)
    See also Working Paper Monetary Policy and Credit Conditions: Evidence From the Composition of External Finance, NBER Working Papers (1992) View citations (26) (1992)
53. Production and Inventory Control at the General Motors Corporation during the 1920's and 1930's
    American Economic Review, 1993, 83, (3), 383-401 View citations (23)
    See also Working Paper Production and inventory control at the General Motors Corporation during the 1920s and 1930s, Working Paper Series, Macroeconomic Issues (1992) View citations (1) (1992)

1992

54. Internal Net Worth and the Investment Process: An Application to U.S. Agriculture
    Journal of Political Economy, 1992, 100, (3), 506-34 View citations (147)
    See also Working Paper Internal net worth and the investment process: an application to U.S. agriculture, Working Paper Series, Macroeconomic Issues (1991) View citations (4) (1991)

1991

55. Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups
    The Quarterly Journal of Economics, 1991, 106, (1), 33-60 View citations (1112)
    See also Working Paper Corporate structure, liquidity, and investment: evidence from Japanese industrial groups, Finance and Economics Discussion Series (1989) View citations (109) (1989)

1990

56. Evidence on q and investment for Japanese firms
    Journal of the Japanese and International Economies, 1990, 4, (4), 371-400 View citations (60)
    See also Working Paper Evidence on q and investment for Japanese firms, Finance and Economics Discussion Series (1990) View citations (61) (1990)
57. The role of banks in reducing the costs of financial distress in Japan
    Journal of Financial Economics, 1990, 27, (1), 67-88 View citations (545)
    See also Working Paper The Role of Banks in Reducing the Costs of Financial Distress in Japan, NBER Working Papers (1990) View citations (508) (1990)

1988

58. Further results on estimating linear regression models with partial prior information
    Economic Modelling, 1988, 5, (1), 49-57 View citations (2)

1984

59. Autocorrelation and the sensitivity of reset
    Economics Letters, 1984, 14, (2-3), 229-233 View citations (8)

Books

2012

1. Market Institutions and Financial Market Risk
   NBER Books, National Bureau of Economic Research, Inc View citations (3)

2010

2. Sticky Prices and Inflation Dynamics (NBER-TCER-CEPR)
   NBER Books, National Bureau of Economic Research, Inc
3. The Squam Lake Report: Fixing the Financial System
   Economics Books, Princeton University Press View citations (110)
   See also Journal Article The Squam Lake Report: Fixing the Financial System, Journal of Applied Corporate Finance, Morgan Stanley (2010) View citations (120) (2010)

2004

4. Corporate Financing and Governance in Japan: The Road to the Future, vol 1
   MIT Press Books, The MIT Press View citations (89)

2003

5. Structural Impediments to Growth in Japan
   NBER Books, National Bureau of Economic Research, Inc View citations (85)

Edited books

2012

1. Monetary Policy Transmission in the Euro Area
   Cambridge Books, Cambridge University Press View citations (4)

2003

2. Monetary Policy Transmission in the Euro Area
   Cambridge Books, Cambridge University Press View citations (598)
3. Structural Impediments to Growth in Japan
   National Bureau of Economic Research Books, University of Chicago Press View citations (21)

Chapters

2017

1. How Do We Figure Out Optimal Liquidity Regulation?
   Chapter 12 in Achieving Financial Stability Challenges to Prudential Regulation, 2017, pp 159-171

2016

2. Liquidity Requirements, Liquidity Choice, and Financial Stability
   Elsevier View citations (47)
   See also Working Paper Liquidity Requirements, Liquidity Choice and Financial Stability, National Bureau of Economic Research, Inc (2016) View citations (53) (2016)
3. The Future of Large, Internationally Active Banks: Implications for Supervision and Regulation
   Chapter 14 in The Future of Large, Internationally Active Banks, 2016, pp 219-227

2012

4. Comment on "Individual Price Adjustment along the Extensive Margin"
   A chapter in NBER Macroeconomics Annual 2012, Volume 27, 2012, pp 293-307

2010

5. A New Metric for Banking Integration in Europe
   A chapter in Europe and the Euro, 2010, pp 219-246 View citations (23)
   See also Working Paper A New Metric for Banking Integration in Europe, National Bureau of Economic Research, Inc (2009) View citations (35) (2009)
6. Introduction
   A chapter in The Squam Lake Report: Fixing the Financial System, 2010
7. Market Institutions, Financial Market Risks, and the Financial Crisis
   A chapter in Market Institutions and Financial Market Risk, 2010 View citations (39)
8. Sticky Prices and Inflation Dynamics: Editor's Introduction
   A chapter in Sticky Prices and Inflation Dynamics (NBER-TCER-CEPR), 2010, pp 137-139
   See also Journal Article Sticky prices and inflation dynamics: Editor's introduction, Elsevier (2010) (2010)

2008

9. Comment on "Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data?"
   A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 287-293

2004

10. The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and the United States
    Chapter 3 in Banking Market Structure and Monetary Policy, 2004, vol. 7, pp 059-120 View citations (4)
    See also Journal Article The output composition puzzle: a difference in the monetary transmission mechanism in the euro area and United States, Federal Reserve Bank of Cleveland (2003) View citations (49) (2003)

2003

11. Introduction to "Structural Impediments to Growth in Japan"
    A chapter in Structural Impediments to Growth in Japan, 2003, pp 1-8 View citations (2)

2000

12. The Japanese Banking Crisis: Where Did It Come From and How Will It End?
    A chapter in NBER Macroeconomics Annual 1999, Volume 14, 2000, pp 129-212 View citations (76)
    See also Working Paper The Japanese Banking Crisis: Where Did It Come From and How Will It End?, National Bureau of Economic Research, Inc (1999) View citations (204) (1999)

1994

13. Monetary Policy and Bank Lending
    A chapter in Monetary Policy, 1994, pp 221-261 View citations (332)
    See also Working Paper Monetary Policy and Bank Lending, National Bureau of Economic Research, Inc (1993) View citations (108) (1993)

1991

14. 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 (30)
    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

15. Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships
    A chapter in Asymmetric Information, Corporate Finance, and Investment, 1990, pp 105-126 View citations (87)
    See also Working Paper Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships, National Bureau of Economic Research, Inc (1989) View citations (19) (1989)