Details about Timothy J. Kehoe

E-mail:
Homepage:	http://www.econ.umn.edu/~tkehoe
Phone:	+1 612 363 5096
Postal address:	Department of Economics University of Minnesota 4-101 Hanson Hall, 1925 Fourth Street South Minnneapolis, Minnesota 55455 UNITED STATES
Workplace:	National Bureau of Economic Research (NBER), (more information at EDIRC) Department of Economics, University of Minnesota, (more information at EDIRC) Research Department, Federal Reserve Bank of Minneapolis, (more information at EDIRC)

Access statistics for papers by Timothy J. Kehoe.

Last updated 2024-12-25. Update your information in the RePEc Author Service.

Short-id: pke16

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Working Papers

2024

1. Default and Interest Rate Shocks: Renegotiation Matters
   Working Papers, Federal Reserve Bank of Minneapolis
2. Retrospective Discussion of AGE Models
   2019: Recent Advances in Applied General Equilibrium Modeling: Relevance and Application to Agricultural Trade Analysis, December 8-10, 2019, Washington, DC, International Agricultural Trade Research Consortium
3. Risk Loving and Fat Tails in the Wealth Distribution
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

4. Preemptive Austerity with Rollover Risk
   Staff Report, Federal Reserve Bank of Minneapolis
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023)
   See also Journal Article Preemptive austerity with rollover risk, Journal of International Economics, Elsevier (2024) View citations (1) (2024)

2021

5. Constructing Pure-Exchange Economies with Many Equilibria
   Staff Report, Federal Reserve Bank of Minneapolis
   See also Journal Article Constructing pure-exchange economies with many equilibria, Economic Theory, Springer (2022) View citations (2) (2022)
6. Firm Entry and Exit and Aggregate Growth
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas
   Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2015) View citations (5)
   NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (23)
   2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (20)
   2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (3)
   Staff Report, Federal Reserve Bank of Minneapolis (2017) View citations (26)
   Working Papers, Federal Reserve Bank of Cleveland (2020)
   See also Journal Article Firm Entry and Exit and Aggregate Growth, American Economic Journal: Macroeconomics, American Economic Association (2023) View citations (10) (2023)

2020

7. A Framework for Studying the Monetary and Fiscal History of Latin America, 1960–2017
   Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
   See also Chapter A Framework for Studying the Monetary and Fiscal History of Latin America, Book Chapters, University of Minnesota Press (2022) View citations (1) (2022)
8. Lessons from the Monetary and Fiscal History of Latin America
   Staff Report, Federal Reserve Bank of Minneapolis
   See also Chapter Lessons from the Monetary and Fiscal History of Latin America, Book Chapters, University of Minnesota Press (2022) View citations (1) (2022)

2019

9. Calculating the Equilibria of Heterogeneous-Firm Trade Models
   2019 Meeting Papers, Society for Economic Dynamics
10. Implications of Increasing College Attainment for Aging in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2019) View citations (2)
    Department of Economics Working Papers, McMaster University (2019) View citations (5)
    See also Journal Article Implications of increasing college attainment for aging in general equilibrium, European Economic Review, Elsevier (2020) View citations (9) (2020)
11. The Monetary and Fiscal History of Bolivia, 1960-2017
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (5)
    See also Chapter The Case of Bolivia, Book Chapters, University of Minnesota Press (2022) (2022)

2018

12. Aging and the Macroeconomy
    2018 Meeting Papers, Society for Economic Dynamics
13. Did the 1980s in Latin America Need to Be a Lost Decade?
    2018 Meeting Papers, Society for Economic Dynamics
14. Improving the Analysis of Trade Policy
    Economic Policy Paper, Federal Reserve Bank of Minneapolis

2017

15. Macroeconomic Effects of Medicare
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2017) View citations (10)
    See also Journal Article Macroeconomic effects of Medicare, The Journal of the Economics of Ageing, Elsevier (2018) View citations (29) (2018)
16. Productivity, Taxes, and Hours Worked in Spain: 1970-2015
    Staff Report, Federal Reserve Bank of Minneapolis View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (5)
    See also Journal Article Productivity, taxes, and hours worked in Spain: 1970–2015, SERIEs: Journal of the Spanish Economic Association, Springer (2017) View citations (10) (2017)
17. Quantitative Trade Models: Developments and Challenges
    2017 Meeting Papers, Society for Economic Dynamics View citations (34)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (14)
    Staff Report, Federal Reserve Bank of Minneapolis (2016) View citations (18)
    See also Journal Article Quantitative Trade Models: Developments and Challenges, Annual Review of Economics, Annual Reviews (2017) View citations (33) (2017)

2016

18. The Interaction and Sequencing of Policy Reforms
    2016 Meeting Papers, Society for Economic Dynamics View citations (21)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2015) View citations (8)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2015) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (19)
    See also Journal Article The interaction and sequencing of policy reforms, Journal of Economic Dynamics and Control, Elsevier (2016) View citations (22) (2016)
19. The Opportunity Costs of Entrepreneurs in International Trade
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (3)
    See also Journal Article The opportunity costs of entrepreneurs in international trade, Economics Letters, Elsevier (2016) View citations (3) (2016)
20. The Stages of Economic Growth Revisited, Part 2: Catching Up to and Joining the Economic Leader
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (2)
21. The Stages of Economic Growth Revisited: Part 1: A General Framework and Taking Off into Growth
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (5)

2015

22. Gambling for Redemption and Self-Fulfilling Debt Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (23)
    Staff Report, Federal Reserve Bank of Minneapolis (2012) View citations (15)
    See also Journal Article Gambling for redemption and self-fulfilling debt crises, Economic Theory, Springer (2017) View citations (31) (2017)
23. Global Imbalances and Structural Change in the United States
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (13)
    Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (23)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (35)
    See also Journal Article Global Imbalances and Structural Change in the United States, Journal of Political Economy, University of Chicago Press (2018) View citations (66) (2018)
24. The Interaction of Entry Barriers and Financial Frictions in Growth
    2015 Meeting Papers, Society for Economic Dynamics View citations (4)

2014

25. Does Trade Liberalization Increase Average Plant Productivity?
    2014 Meeting Papers, Society for Economic Dynamics
26. Is It Too Late to Bail Out the Troubled Countries in the Eurozone?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (35)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (37)
    See also Journal Article Is It Too Late to Bail Out the Troubled Countries in the Eurozone?, American Economic Review, American Economic Association (2014) View citations (38) (2014)

2013

27. Using the New Products Margin to Predict the Industry-Level Impact of Trade Reform
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (3)
    See also Journal Article Using the new products margin to predict the industry-level impact of trade reform, Journal of International Economics, Elsevier (2015) View citations (17) (2015)
28. Using the New Products Margin to Predict the Sectoral Impact of Trade Reform
    2013 Meeting Papers, Society for Economic Dynamics View citations (1)
29. What will happen when foreigners stop lending to the United States?
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)

2012

30. Chronic sovereign debt crises in the Eurozone, 2010-2012
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (22)

2011

31. Barriers to Firm Entry, Financial Constraints, and Productivity
    2011 Meeting Papers, Society for Economic Dynamics
32. Catch-up Growth Followed by Stagnation: Mexico, 1950-2010
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (15)
33. Trade Liberalization, Growth, and Productivity
    2011 Meeting Papers, Society for Economic Dynamics View citations (20)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (22)

2010

34. Evaluating Trade Reforms with Model with Heterogeneous Firms
    2010 Meeting Papers, Society for Economic Dynamics
35. Why Have Economic Reforms in Mexico Not Generated Growth?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) View citations (52)
    See also Journal Article Why Have Economic Reforms in Mexico Not Generated Growth?, Journal of Economic Literature, American Economic Association (2010) View citations (54) (2010)

2009

36. How important is the new goods margin in international trade?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (198)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (10)
    See also Journal Article How Important Is the New Goods Margin in International Trade?, Journal of Political Economy, University of Chicago Press (2013) View citations (170) (2013)
37. The current financial crisis: what should we learn from the great depressions of the Twentieth Century?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)
38. Welfare and Growth in Open Economies
    Annual Meeting Plenary, Society for Economic Dynamics

2008

39. Data Appendix to "Are Shocks to the Terms of Trade Shocks to Productivity?"
    Online Appendices, Review of Economic Dynamics View citations (84)
    See also Journal Article Are Shocks to the Terms of Trade Shocks to Productivity?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2008) View citations (164) (2008)
40. Real Exchange Rate Movements and the Relative Price of Non-traded Goods
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (83)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (78)
41. Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (24)
    See also Journal Article Sudden stops, sectoral reallocations, and the real exchange rate, Journal of Development Economics, Elsevier (2009) View citations (100) (2009)
42. Trade, growth, and convergence in a dynamic Heckscher-Ohlin model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (14)
    See also Journal Article Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (61) (2010)
43. Using the general equilibrium growth model to study great depressions: a reply to Temin
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)

2007

44. Are Shocks to the Terms of Trade Shocks to Productivity?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (25)
    See also Journal Article Are Shocks to the Terms of Trade Shocks to Productivity?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2008) View citations (164) (2008)
45. Modeling Great Depressions: The Depression in Finland in the 1990s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (44)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (51)
    See also Journal Article Modeling great depressions: the depression in Finland in the 1990s, Quarterly Review, Federal Reserve Bank of Minneapolis (2007) View citations (19) (2007)

2006

46. Bankruptcy and Collateral in Debt Constrained Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations (7)
    See also Chapter Bankruptcy and Collateral in Debt Constrained Markets, Chapters, Edward Elgar Publishing (2008) View citations (5) (2008)
47. Bankruptcy and Collateral in Debt Constrained Models
    Levine's Working Paper Archive, David K. Levine View citations (2)
48. Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations Versus Infinitely Lived Consumers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations (21)

2005

49. Sudden Stops and Productivity Drops
    2005 Meeting Papers, Society for Economic Dynamics
50. Trade Intensity and International Business Cycles
    2005 Meeting Papers, Society for Economic Dynamics
51. U.S. Real Exchange Rate Fluctuations and Relative Price Fluctuations
    IEPR Working Papers, Institute of Economic Policy Research (IEPR) View citations (6)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations (57)
    Levine's Bibliography, UCLA Department of Economics (2004) View citations (11)
    See also Journal Article U.S. real exchange rate fluctuations and relative price fluctuations, Journal of Monetary Economics, Elsevier (2006) View citations (47) (2006)

2004

52. Why is Manufacturing Trade Rising Even as Manufacturing Output is Falling?
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (15)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2004) View citations (15)
    See also Journal Article Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling?, American Economic Review, American Economic Association (2004) View citations (15) (2004)

2003

53. An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA
    Levine's Working Paper Archive, David K. Levine View citations (72)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (116)
    Conference papers, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project (2002)
54. Recent Great Depressions: Aggregate Growth in New Zealand and Switzerland
    Levine's Working Paper Archive, David K. Levine View citations (20)
55. What can we learn from the current crisis in Argentina?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (21)
    See also Journal Article What Can We Learn from the Current Crisis in Argentina?, Scottish Journal of Political Economy, Scottish Economic Society (2003) View citations (22) (2003)

2002

56. Data Appendix to A Decade Lost and Found: Mexico and Chile in the 1980s
    Online Appendices, Review of Economic Dynamics View citations (42)
    Also in Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile (2001) View citations (53)
    See also Journal Article A Decade Lost and Found: Mexico and Chile in the 1980s, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (107) (2002)
57. Data Appendix to Great Depressions of the Twentieth Century
    Online Appendices, Review of Economic Dynamics View citations (21)
    See also Journal Article Great Depressions of the Twentieth Century, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (186) (2002)
58. Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (11)
    Also in Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile. (2002) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (13)
    See also Journal Article Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's, American Economic Review, American Economic Association (2002) View citations (14) (2002)

2001

59. A Decade Lost and Found: Mexico and Chile in the 1980s
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (39)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (50)
    Staff Report, Federal Reserve Bank of Minneapolis (2001) View citations (3)
    See also Journal Article A Decade Lost and Found: Mexico and Chile in the 1980s, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (107) (2002)
60. Trade Theory and Trade Facts
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (35)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2001) View citations (5)
    ILADES-UAH Working Papers, Universidad Alberto Hurtado/School of Economics and Business View citations (37)

2000

61. Liquidity Constrained vs. Debt Constrained Markets
    Levine's Working Paper Archive, David K. Levine View citations (16)
62. Lotteries, Sunspots and Incentive Constraints
    Levine's Working Paper Archive, David K. Levine View citations (20)
    See also Journal Article Lotteries, Sunspots, and Incentive Constraints, Journal of Economic Theory, Elsevier (2002) View citations (35) (2002)

1998

63. Self-Fulfilling Debt Crises
    Levine's Working Paper Archive, David K. Levine View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations (244)
    See also Journal Article Self-Fulfilling Debt Crises, The Review of Economic Studies, Review of Economic Studies Ltd (2000) View citations (497) (2000)

1996

64. A self-fulfilling model of Mexico's 1994-95 debt crisis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (75)
65. Social accounting matrices and applied general equilibrium models
    Working Papers, Federal Reserve Bank of Minneapolis View citations (16)

1994

66. An evaluation of the performance of an applied general equilibrium model of the Spanish economy
    Working Papers, Federal Reserve Bank of Minneapolis
    See also Journal Article An Evaluation of the Performance of an Applied General Equilibrium Model of the Spanish Economy, Economic Theory, Springer (1995) View citations (81) (1995)

1993

67. Debt Constrained Asset Markets
    Levine's Working Paper Archive, David K. Levine View citations (582)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1992) View citations (233)
    See also Journal Article Debt-Constrained Asset Markets, The Review of Economic Studies, Review of Economic Studies Ltd (1993) View citations (569) (1993)

1992

68. Assessing the Economic Impact of North American Free Trade
    Working Papers, Minnesota - Center for Economic Research View citations (6)
69. In search of scale effects in trade and growth
    Staff Report, Federal Reserve Bank of Minneapolis View citations (156)
    See also Journal Article In search of scale effects in trade and growth, Journal of Economic Theory, Elsevier (1992) View citations (129) (1992)
70. Modeling the dynamic impact of North American free trade
    Working Papers, Federal Reserve Bank of Minneapolis View citations (9)
71. On Characterizing Equilibria of Models with Externalities and Taxes as Solutions to Optimization Problems
    Levine's Working Paper Archive, David K. Levine View citations (42)
72. The Optimum Quantity of Money Revisited
    Levine's Working Paper Archive, David K. Levine View citations (91)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1990) View citations (61)

1991

73. Computation and multiplicity of equilibria
    Working Papers, Federal Reserve Bank of Minneapolis View citations (49)
    See also Chapter Computation and multiplicity of equilibria, Handbook of Mathematical Economics, Elsevier (1991) View citations (52) (1991)
74. Gross Substitutes in Large Square Economics
    Levine's Working Paper Archive, David K. Levine View citations (3)
75. More on money as a medium of exchange
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
    See also Journal Article More on Money as a Medium of Exchange, Economic Theory, Springer (1993) View citations (43) (1993)

1990

76. Determinacy of Equilibrium in Dynamic Models with Finitely Many Consumers
    Levine's Working Paper Archive, David K. Levine View citations (42)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) View citations (16)
    See also Journal Article Determinacy of equilibria in dynamic models with finitely many consumers, Journal of Economic Theory, Elsevier (1990) View citations (45) (1990)
77. Indeterminacy in Applied Intertemporal General Equilibrium Models
    Levine's Working Paper Archive, David K. Levine View citations (5)
78. On characterizing equilibria of economies with externalities and taxes as solutions to optimization problems
    Working Papers, Federal Reserve Bank of Minneapolis View citations (11)
    See also Journal Article On Characterizing Equilibria of Economies with Externalities and Taxes as Solutions to Optimization Problems, Economic Theory, Springer (1992) View citations (48) (1992)
79. The Economics of Indeterminacy in Overlapping Generations Models
    Levine's Working Paper Archive, David K. Levine View citations (34)
    See also Journal Article The economics of indeterminacy in overlapping generations models, Journal of Public Economics, Elsevier (1990) View citations (31) (1990)

1989

80. Determinacy of Equilibrium in Large Square Economies
    Levine's Working Paper Archive, David K. Levine View citations (19)
81. Steady States and Determinacy in Economies with Infinitely Lived Agents
    Levine's Working Paper Archive, David K. Levine View citations (7)

1985

82. Comparative Statics and Perfect Foresight in Infinite Horizon Economies
    Levine's Working Paper Archive, David K. Levine View citations (114)
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1982) View citations (2)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1982) View citations (19)
    See also Journal Article Comparative Statics and Perfect Foresight in Infinite Horizon Economies, Econometrica, Econometric Society (1985) View citations (115) (1985)
83. Estatica comparativa y prevision perfecta en economias con horizonte infinito
    Levine's Working Paper Archive, David K. Levine

1984

84. Intertemporal Separability in Overlapping Generations Models
    Levine's Working Paper Archive, David K. Levine View citations (13)
    Also in Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1982) View citations (5)
    See also Journal Article Intertemporal separability in overlapping-generations models, Journal of Economic Theory, Elsevier (1984) View citations (11) (1984)
85. Regularity in Overlapping Generations Exchange Economies
    Levine's Working Paper Archive, David K. Levine View citations (30)
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1982) View citations (2)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1983)
    See also Journal Article Regularity in overlapping generations exchange economies, Journal of Mathematical Economics, Elsevier (1984) View citations (30) (1984)

1983

86. A General Equilibrium Appraisal of Energy Policy in Mexico
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (2)
    See also Journal Article A General Equilibrium Appraisal of Energy Policy in Mexico, Empirical Economics, Springer (1991) View citations (2) (1991)
87. Indeterminacy of Relative Prices in Overlapping Generations Models
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (7)

1982

88. A General Equilibrium of Domestic Commerce in Mexico
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1981

89. A Dual Approach to Regularity in Production Economies
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1980

90. Uniqueness of Equilibrium in Production Economics
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1979

91. An Index Theorem for General Equilibrium Models with Production
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
    See also Journal Article An Index Theorem for General Equilibrium Models with Production, Econometrica, Econometric Society (1980) View citations (45) (1980)

Journal Articles

2024

1. Preemptive austerity with rollover risk
   Journal of International Economics, 2024, 150, (C) View citations (1)
   See also Working Paper Preemptive Austerity with Rollover Risk, Staff Report (2023) (2023)

2023

2. Firm Entry and Exit and Aggregate Growth
   American Economic Journal: Macroeconomics, 2023, 15, (1), 48-105 View citations (10)
   See also Working Paper Firm Entry and Exit and Aggregate Growth, Globalization Institute Working Papers (2021) (2021)

2022

3. Constructing pure-exchange economies with many equilibria
   Economic Theory, 2022, 73, (2), 541-564 View citations (2)
   See also Working Paper Constructing Pure-Exchange Economies with Many Equilibria, Staff Report (2021) (2021)

2020

4. Implications of increasing college attainment for aging in general equilibrium
   European Economic Review, 2020, 122, (C) View citations (9)
   See also Working Paper Implications of Increasing College Attainment for Aging in General Equilibrium, NBER Working Papers (2019) View citations (3) (2019)

2018

5. Global Imbalances and Structural Change in the United States
   Journal of Political Economy, 2018, 126, (2), 761 - 796 View citations (66)
   See also Working Paper Global Imbalances and Structural Change in the United States, Working Papers (2015) (2015)
6. Macroeconomic effects of Medicare
   The Journal of the Economics of Ageing, 2018, 11, (C), 27-40 View citations (29)
   See also Working Paper Macroeconomic Effects of Medicare, NBER Working Papers (2017) View citations (16) (2017)

2017

7. Gambling for redemption and self-fulfilling debt crises
   Economic Theory, 2017, 64, (4), 707-740 View citations (31)
   See also Working Paper Gambling for Redemption and Self-Fulfilling Debt Crises, NBER Working Papers (2015) View citations (47) (2015)
8. Introduction to the Special Issue on Models of Debt and Debt Crises
   Economic Theory, 2017, 64, (4), 605-610
9. Productivity, taxes, and hours worked in Spain: 1970–2015
   SERIEs: Journal of the Spanish Economic Association, 2017, 8, (3), 201-223 View citations (10)
   See also Working Paper Productivity, Taxes, and Hours Worked in Spain: 1970-2015, Staff Report (2017) View citations (16) (2017)
10. Quantitative Trade Models: Developments and Challenges
    Annual Review of Economics, 2017, 9, (1), 295-325 View citations (33)
    See also Working Paper Quantitative Trade Models: Developments and Challenges, 2017 Meeting Papers (2017) View citations (34) (2017)

2016

11. The interaction and sequencing of policy reforms
    Journal of Economic Dynamics and Control, 2016, 72, (C), 45-66 View citations (22)
    See also Working Paper The Interaction and Sequencing of Policy Reforms, 2016 Meeting Papers (2016) View citations (21) (2016)
12. The opportunity costs of entrepreneurs in international trade
    Economics Letters, 2016, 146, (C), 1-3 View citations (3)
    See also Working Paper The Opportunity Costs of Entrepreneurs in International Trade, Staff Report (2016) View citations (3) (2016)

2015

13. Using the new products margin to predict the industry-level impact of trade reform
    Journal of International Economics, 2015, 96, (2), 289-297 View citations (17)
    See also Working Paper Using the New Products Margin to Predict the Industry-Level Impact of Trade Reform, NBER Working Papers (2013) View citations (1) (2013)

2014

14. Is It Too Late to Bail Out the Troubled Countries in the Eurozone?
    American Economic Review, 2014, 104, (5), 88-93 View citations (38)
    See also Working Paper Is It Too Late to Bail Out the Troubled Countries in the Eurozone?, Staff Report (2014) View citations (35) (2014)

2013

15. Crecimiento rápido seguido de estancamiento: México (1950-2010)
    El Trimestre Económico, 2013, vol. LXXX (2), (318), 237-280
16. How Important Is the New Goods Margin in International Trade?
    Journal of Political Economy, 2013, 121, (2), 358 - 392 View citations (170)
    See also Working Paper How important is the new goods margin in international trade?, Staff Report (2009) View citations (198) (2009)

2011

17. Catch-up Growth Followed by Stagnation: Mexico 1950–2008
    Latin American Journal of Economics-formerly Cuadernos de Economía, 2011, 48, (2), 227–268 View citations (15)
18. ¿Por qué las reformas económicas de México no han generado crecimiento?
    El Trimestre Económico, 2011, LXXVIII (3), (311), 491-523

2010

19. Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model
    Review of Economic Dynamics, 2010, 13, (3), 487-513 View citations (61)
    See also Working Paper Trade, growth, and convergence in a dynamic Heckscher-Ohlin model, Staff Report (2008) View citations (12) (2008)
    Software Item Code files for "Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model", Computer Codes (2010) (2010)
20. Why Have Economic Reforms in Mexico Not Generated Growth?
    Journal of Economic Literature, 2010, 48, (4), 1005-27 View citations (54)
    See also Working Paper Why Have Economic Reforms in Mexico Not Generated Growth?, NBER Working Papers (2010) View citations (55) (2010)

2009

21. Sudden stops, sectoral reallocations, and the real exchange rate
    Journal of Development Economics, 2009, 89, (2), 235-249 View citations (100)
    See also Working Paper Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate, NBER Working Papers (2008) View citations (4) (2008)
22. The current financial crisis: what should we learn from the great depressions of the 20th Century?
    The Region, 2009, 23, (May), 7-39 View citations (2)

2008

23. Are Shocks to the Terms of Trade Shocks to Productivity?
    Review of Economic Dynamics, 2008, 11, (4), 804-819 View citations (164)
    See also Working Paper Are Shocks to the Terms of Trade Shocks to Productivity?, NBER Working Papers (2007) View citations (12) (2007)
    Working Paper Data Appendix to "Are Shocks to the Terms of Trade Shocks to Productivity?", Online Appendices (2008) View citations (84) (2008)

2007

24. EconomicDynamics Interviews Timothy Kehoe and Edward Prescott on Great Depressions
    EconomicDynamics Newsletter, 2007, 9, (1)
25. Modeling great depressions: the depression in Finland in the 1990s
    Quarterly Review, 2007, 31, (Nov), 16-44 View citations (19)
    See also Working Paper Modeling Great Depressions: The Depression in Finland in the 1990s, NBER Working Papers (2007) View citations (44) (2007)

2006

26. U.S. real exchange rate fluctuations and relative price fluctuations
    Journal of Monetary Economics, 2006, 53, (7), 1297-1326 View citations (47)
    See also Working Paper U.S. Real Exchange Rate Fluctuations and Relative Price Fluctuations, IEPR Working Papers (2005) View citations (6) (2005)

2005

27. Is Switzerland in a Great Depression?
    Review of Economic Dynamics, 2005, 8, (3), 759-775 View citations (15)

2004

28. Tirole, J.: Financial Crises, Liquidity, and the International Monetary System
    Journal of Economics, 2004, 81, (3), 297-302
29. Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling?
    American Economic Review, 2004, 94, (2), 134-138 View citations (15)
    See also Working Paper Why is Manufacturing Trade Rising Even as Manufacturing Output is Falling?, Documentos de Trabajo (2004) View citations (15) (2004)

2003

30. Recent great depressions: Aggregate growth in New Zealand and Switzerland, 1973-2000
    New Zealand Economic Papers, 2003, 37, (1), 5-40 View citations (18)
31. What Can We Learn from the Current Crisis in Argentina?
    Scottish Journal of Political Economy, 2003, 50, (5), 609-633 View citations (22)
    See also Working Paper What can we learn from the current crisis in Argentina?, Staff Report (2003) View citations (21) (2003)

2002

32. A Decade Lost and Found: Mexico and Chile in the 1980s
    Review of Economic Dynamics, 2002, 5, (1), 166-205 View citations (107)
    See also Working Paper Data Appendix to A Decade Lost and Found: Mexico and Chile in the 1980s, Online Appendices (2002) View citations (42) (2002)
    Working Paper A Decade Lost and Found: Mexico and Chile in the 1980s, Working Papers Central Bank of Chile (2001) View citations (39) (2001)
33. Decades lost and found: Mexico and Chile since 1980
    Quarterly Review, 2002, 26, (Win), 3-30 View citations (54)
34. Great Depressions of the Twentieth Century
    Review of Economic Dynamics, 2002, 5, (1), 1-18 View citations (186)
    See also Book Great depressions of the twentieth century, Monograph, 2007 (2007) View citations (83) (2007)
    Working Paper Data Appendix to Great Depressions of the Twentieth Century, Online Appendices (2002) View citations (21) (2002)
35. Lotteries, Sunspots, and Incentive Constraints
    Journal of Economic Theory, 2002, 107, (1), 39-69 View citations (35)
    See also Working Paper Lotteries, Sunspots and Incentive Constraints, Levine's Working Paper Archive (2000) View citations (20) (2000)
36. Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's
    American Economic Review, 2002, 92, (2), 16-21 View citations (14)
    See also Working Paper Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s, Documentos de Trabajo (2002) View citations (11) (2002)

2001

37. Comment on Dollarization and the Integration of International Capital Markets
    Journal of Money, Credit and Banking, 2001, 33, (2), 590-96 View citations (3)
38. Liquidity Constrained Markets versus Debt Constrained Markets
    Econometrica, 2001, 69, (3), 575-98 View citations (215)

2000

39. Capital flows and real exchange rate fluctuations following Spain's entry into the European Community
    Journal of International Economics, 2000, 51, (1), 49-78 View citations (95)
40. Self-Fulfilling Debt Crises
    The Review of Economic Studies, 2000, 67, (1), 91-116 View citations (497)
    See also Working Paper Self-Fulfilling Debt Crises, Levine's Working Paper Archive (1998) View citations (10) (1998)
41. The International Financial Crisis: Macroeconomic Linkages to Agriculture: Discussion
    American Journal of Agricultural Economics, 2000, 82, (3), 703-706 View citations (2)

1996

42. A self-fulfilling model of Mexico's 1994-1995 debt crisis
    Journal of International Economics, 1996, 41, (3-4), 309-330 View citations (147)

1995

43. An Evaluation of the Performance of an Applied General Equilibrium Model of the Spanish Economy
    Economic Theory, 1995, 6, (1), 115-41 View citations (81)
    See also Working Paper An evaluation of the performance of an applied general equilibrium model of the Spanish economy, Working Papers (1994) (1994)
44. Introduction to the Symposium: The Discipline of Applied General Equilibrium
    Economic Theory, 1995, 6, (1), 1-11 View citations (18)

1994

45. A primer on static applied general equilibrium models
    Quarterly Review, 1994, 18, (Spr), 2-16 View citations (65)
46. Capturing NAFTA's impact with applied general equilibrium models
    Quarterly Review, 1994, 18, (Spr), 17-34 View citations (41)
47. Distinguished Fellow: Herbert Scarf's Contributions to Economics
    Journal of Economic Perspectives, 1994, 8, (4), 161-181 View citations (2)

1993

48. Comentario a Drusilla K. Brown
    Economía Mexicana NUEVA ÉPOCA, 1993, II, (Special), 90-97
49. Debt-Constrained Asset Markets
    The Review of Economic Studies, 1993, 60, (4), 865-888 View citations (569)
    See also Working Paper Debt Constrained Asset Markets, Levine's Working Paper Archive (1993) View citations (582) (1993)
50. More on Money as a Medium of Exchange
    Economic Theory, 1993, 3, (2), 297-314 View citations (43)
    See also Working Paper More on money as a medium of exchange, Staff Report (1991) View citations (5) (1991)

1992

51. Gross substitutability and the weak axiom of revealed preference
    Journal of Mathematical Economics, 1992, 21, (1), 37-50 View citations (2)
52. In search of scale effects in trade and growth
    Journal of Economic Theory, 1992, 58, (2), 377-409 View citations (129)
    See also Working Paper In search of scale effects in trade and growth, Staff Report (1992) View citations (156) (1992)
53. On Characterizing Equilibria of Economies with Externalities and Taxes as Solutions to Optimization Problems
    Economic Theory, 1992, 2, (1), 43-68 View citations (48)
    See also Working Paper On characterizing equilibria of economies with externalities and taxes as solutions to optimization problems, Working Papers (1990) View citations (11) (1990)

1991

54. A General Equilibrium Appraisal of Energy Policy in Mexico
    Empirical Economics, 1991, 16, (1), 71-93 View citations (2)
    See also Working Paper A General Equilibrium Appraisal of Energy Policy in Mexico, Working papers (1983) View citations (2) (1983)
55. Gross substitutability in large-square economies
    Journal of Economic Theory, 1991, 54, (1), 1-25 View citations (46)

1990

56. Determinacy of equilibria in dynamic models with finitely many consumers
    Journal of Economic Theory, 1990, 50, (1), 1-21 View citations (45)
    See also Working Paper Determinacy of Equilibrium in Dynamic Models with Finitely Many Consumers, Levine's Working Paper Archive (1990) View citations (42) (1990)
57. The economics of indeterminacy in overlapping generations models
    Journal of Public Economics, 1990, 42, (2), 219-243 View citations (31)
    See also Working Paper The Economics of Indeterminacy in Overlapping Generations Models, Levine's Working Paper Archive (1990) View citations (34) (1990)

1989

58. Determinacy of equilibrium in large-scale economies
    Journal of Mathematical Economics, 1989, 18, (3), 231-262 View citations (24)
59. Un análisis de equilibrio general de la reforma fiscal de 1986 en España
    Investigaciones Economicas, 1989, 13, (3), 337-385 View citations (5)

1988

60. A general equilibrium analysis of the 1986 tax reform in Spain
    European Economic Review, 1988, 32, (2-3), 334-342 View citations (24)

1986

61. A general equilibrium analysis of price controls and subsidies on food in mexico
    Journal of Development Economics, 1986, 21, (1), 65-87 View citations (4)

1985

62. Comparative Statics and Perfect Foresight in Infinite Horizon Economies
    Econometrica, 1985, 53, (2), 433-53 View citations (115)
    See also Working Paper Comparative Statics and Perfect Foresight in Infinite Horizon Economies, Levine's Working Paper Archive (1985) View citations (114) (1985)
63. Multiplicity of Equilibria and Comparative Statics
    The Quarterly Journal of Economics, 1985, 100, (1), 119-147 View citations (43)
64. The Comparative Statics Properties of Tax Models
    Canadian Journal of Economics, 1985, 18, (2), 314-34 View citations (6)
65. Uniqueness of equilibrium in large-scale numerical general equilibrium models
    Journal of Public Economics, 1985, 28, (2), 247-254 View citations (13)

1984

66. A general equilibrium model of domestic commerce in Mexico
    Journal of Policy Modeling, 1984, 6, (1), 1-28 View citations (4)
67. An observation on gross substitutability and the weak axiom of revealed preference
    Economics Letters, 1984, 15, (3-4), 241-243
68. Computing all of the equilibria of economies with two factors of production
    Journal of Mathematical Economics, 1984, 13, (3), 207-223 View citations (2)
69. Intertemporal separability in overlapping-generations models
    Journal of Economic Theory, 1984, 34, (2), 216-226 View citations (11)
    See also Working Paper Intertemporal Separability in Overlapping Generations Models, Levine's Working Paper Archive (1984) View citations (13) (1984)
70. Regularity in overlapping generations exchange economies
    Journal of Mathematical Economics, 1984, 13, (1), 69-93 View citations (30)
    See also Working Paper Regularity in Overlapping Generations Exchange Economies, Levine's Working Paper Archive (1984) View citations (30) (1984)

1983

71. A computational general equilibrium model with endogenous unemployment: An analysis of the 1980 fiscal reform in Mexico
    Journal of Public Economics, 1983, 22, (1), 1-26 View citations (21)
72. Regularity and Index Theory for Economies with Smooth Production Technologies
    Econometrica, 1983, 51, (4), 895-917 View citations (12)

1982

73. Regular production economies
    Journal of Mathematical Economics, 1982, 10, (2-3), 147-176 View citations (10)

1980

74. An Index Theorem for General Equilibrium Models with Production
    Econometrica, 1980, 48, (5), 1211-32 View citations (45)
    See also Working Paper An Index Theorem for General Equilibrium Models with Production, Cowles Foundation Discussion Papers (1979) (1979)

Books

2007

1. Great depressions of the twentieth century
   Monograph, Federal Reserve Bank of Minneapolis View citations (83)
   See also Journal Article Great Depressions of the Twentieth Century, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (186) (2002)

Edited books

2022

1. A Monetary and Fiscal History of Latin America, 1960-2017
   Books, University of Minnesota Press View citations (6)

2010

2. Frontiers in Applied General Equilibrium Modeling
   Cambridge Books, Cambridge University Press

2005

3. Frontiers in Applied General Equilibrium Modeling
   Cambridge Books, Cambridge University Press View citations (158)

Chapters

2022

1. A Framework for Studying the Monetary and Fiscal History of Latin America
   Chapter 2 in A Monetary and Fiscal History of Latin America, 1960-2017, 2022, pp 19-42 View citations (1)
   See also Working Paper A Framework for Studying the Monetary and Fiscal History of Latin America, 1960–2017, Federal Reserve Bank of Minneapolis (2020) View citations (1) (2020)
2. Lessons from the Monetary and Fiscal History of Latin America
   Chapter 31 in A Monetary and Fiscal History of Latin America, 1960-2017, 2022, pp 537-565 View citations (1)
   See also Working Paper Lessons from the Monetary and Fiscal History of Latin America, Federal Reserve Bank of Minneapolis (2020) (2020)
3. The Case of Bolivia
   Chapter 6 in A Monetary and Fiscal History of Latin America, 1960-2017, 2022, pp 83-125
   See also Working Paper The Monetary and Fiscal History of Bolivia, 1960-2017, Federal Reserve Bank of Minneapolis (2019) View citations (5) (2019)

2008

4. Bankruptcy and Collateral in Debt Constrained Markets
   Chapter 5 in Macroeconomics in the Small and the Large, 2008 View citations (5)
   See also Working Paper Bankruptcy and Collateral in Debt Constrained Markets, National Bureau of Economic Research, Inc (2006) View citations (7) (2006)

1991

5. Computation and multiplicity of equilibria
   Chapter 38 in Handbook of Mathematical Economics, 1991, vol. 4, pp 2049-2144 View citations (52)
   See also Working Paper Computation and multiplicity of equilibria, Federal Reserve Bank of Minneapolis (1991) View citations (49) (1991)

1989

6. Steady States and Determinacy of Equilibria in Economies With Infinitely Lived Agents
   Palgrave Macmillan View citations (5)

Software Items

2010

1. Code files for "Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (61) (2010)

Editor

1. Studies in Economic Theory
   Springer