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Details about Patrick J. Kehoe

E-mail:
Homepage:http://www.econ.umn.edu/~kehoe/
Workplace:Department of Economics, Stanford University, (more information at EDIRC)
Federal Reserve Bank of Minneapolis, (more information at EDIRC)

Access statistics for papers by Patrick J. Kehoe.

Last updated 2023-12-05. Update your information in the RePEc Author Service.

Short-id: pke4


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Working Papers

2024

  1. Is a fiscal union optimal for a monetary union?
    Post-Print, HAL
    See also Journal Article Is a fiscal union optimal for a monetary union?, Journal of Monetary Economics, Elsevier (2024) Downloads (2024)

2023

  1. Fiscal Federalism and Monetary Unions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2022

  1. Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle*, The Review of Economic Studies, Review of Economic Studies Ltd (2023) Downloads (2023)
  2. The Distributional Impact of the Minimum Wage in the Short and Long Run
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2022) Downloads View citations (2)

2020

  1. A Framework for Studying the Monetary and Fiscal History of Latin America, 1960–2017
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  2. Asset Prices and Unemployment Fluctuations
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (3)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2020) Downloads View citations (3)
    2018 Meeting Papers, Society for Economic Dynamics (2018) Downloads View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (2019) Downloads View citations (11)
  3. Credit Frictions in the Great Recession
    Discussion Papers, Centre for Macroeconomics (CFM) Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (6)
    Staff Report, Federal Reserve Bank of Minneapolis (2020) Downloads View citations (4)
  4. On the Importance of Household versus Firm Credit Frictions in the Great Recession
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (4)
    See also Journal Article On the Importance of Household versus Firm Credit Frictions in the Great Recession, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) Downloads View citations (6) (2020)

2019

  1. The Monetary and Fiscal History of Brazil, 1960-2016
    IDB Publications (Working Papers), Inter-American Development Bank Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) Downloads View citations (6)
    Discussion Papers, Centre for Macroeconomics (CFM) (2018) Downloads
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) Downloads
    Staff Report, Federal Reserve Bank of Minneapolis (2018) Downloads View citations (2)
  2. World financial cycles
    2019 Meeting Papers, Society for Economic Dynamics Downloads View citations (8)

2018

  1. Evolution of Modern Business Cycle Models: Accounting for the Great Recession
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (17)

    See also Journal Article Evolution of Modern Business Cycle Models: Accounting for the Great Recession, Journal of Economic Perspectives, American Economic Association (2018) Downloads View citations (17) (2018)

2017

  1. Appendix for Financial Frictions and Fluctuations in Volatility
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
  2. Financial Markets and Fiscal Unions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Fiscal Unions Redux
    Discussion Papers, Centre for Macroeconomics (CFM) Downloads View citations (4)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) Downloads View citations (3)
    Staff Report, Federal Reserve Bank of Minneapolis (2017) Downloads View citations (3)

    See also Journal Article Fiscal unions redux, Economic Theory, Springer (2017) Downloads View citations (4) (2017)
  4. On the Importance of Easing Consumer Credit Frictions
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads View citations (2)
  5. Reforming the European Monetary Union
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads

2016

  1. A Proposal to Eliminate the Distortions Caused by Bailouts
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads
  2. Accounting for Business Cycles
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (40)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (56)

    See also Chapter Accounting for Business Cycles, Handbook of Macroeconomics, Elsevier (2016) Downloads View citations (67) (2016)
  3. Debt Constraints and Employment
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (24)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (39)
    2014 Meeting Papers, Society for Economic Dynamics (2014) Downloads View citations (8)

    See also Journal Article Debt Constraints and Employment, Journal of Political Economy, University of Chicago Press (2019) Downloads View citations (23) (2019)
  4. Financial Frictions and Fluctuations in Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (53)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012) Downloads View citations (51)

    See also Journal Article Financial Frictions and Fluctuations in Volatility, Journal of Political Economy, University of Chicago Press (2019) Downloads View citations (140) (2019)
  5. Financial Repression: Evidence and Theory
    Economic Policy Paper, Federal Reserve Bank of Minneapolis Downloads View citations (5)

2014

  1. Credibility and the Maturity of Government Debt
    2014 Meeting Papers, Society for Economic Dynamics
  2. Rethinking Optimal Currency Areas
    2014 Meeting Papers, Society for Economic Dynamics View citations (3)
    See also Journal Article Rethinking Optimal Currency Areas, Journal of Monetary Economics, Elsevier (2020) Downloads View citations (16) (2020)

2013

  1. Bailouts, Time Inconsistency, and Optimal Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) Downloads View citations (14)
    2010 Meeting Papers, Society for Economic Dynamics (2010) Downloads View citations (6)

2012

  1. The Puzzling Behavior of Real Exchange Rates
    2012 Meeting Papers, Society for Economic Dynamics Downloads

2011

  1. Financial Markets and Fluctuations in Uncertainty
    2011 Meeting Papers, Society for Economic Dynamics Downloads View citations (49)

2010

  1. Financial Crises and Fluctuations in Uncertainty
    2010 Meeting Papers, Society for Economic Dynamics
  2. Prices are Sticky After All
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (51)
    See also Journal Article Prices are sticky after all, Journal of Monetary Economics, Elsevier (2015) Downloads View citations (121) (2015)
  3. Time Inconsistency and Free-Riding in a Monetary Union
    Levine's Working Paper Archive, David K. Levine Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (7)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (48)

    See also Journal Article Time Inconsistency and Free-Riding in a Monetary Union, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (49) (2008)

2009

  1. Confronting Models of Financial Frictions with the Data
    2009 Meeting Papers, Society for Economic Dynamics View citations (3)
  2. Sophisticated Monetary Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) Downloads View citations (8)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads

    See also Journal Article Sophisticated Monetary Policies, The Quarterly Journal of Economics, President and Fellows of Harvard College (2010) Downloads View citations (40) (2010)
  3. The Puzzling Behavior of Sectoral Real Exchange Rates
    2009 Meeting Papers, Society for Economic Dynamics

2008

  1. Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (202)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (40)

    See also Journal Article Are structural VARs with long-run restrictions useful in developing business cycle theory?, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (208) (2008)
  2. Facts and myths about the financial crisis of 2008
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (40)
  3. New Keynesian Models: Not Yet Useful for Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (58)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (28)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (27)

    See also Journal Article New Keynesian Models: Not Yet Useful for Policy Analysis, American Economic Journal: Macroeconomics, American Economic Association (2009) Downloads View citations (304) (2009)
  4. On the Need for a New Approach to Analyzing Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (26)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (26)

    See also Chapter On the Need for a New Approach to Analyzing Monetary Policy, NBER Chapters, National Bureau of Economic Research, Inc (2009) Downloads View citations (29) (2009)
  5. Temporary Price Changes and the Real Effects of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (40)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (30)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (30)
  6. Time-varying risk, interest rates, and exchange rates in general equilibrium
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (21)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2005) Downloads View citations (5)

    See also Journal Article Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium, The Review of Economic Studies, Review of Economic Studies Ltd (2009) Downloads View citations (99) (2009)

2007

  1. Comparing alternative representations and alternative methodologies in business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (22)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006) Downloads
  2. If exchange rates are random walks then almost everything we say about monetary policy is wrong
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (16)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (15)

    See also Journal Article If exchange rates are random walks, then almost everything we say about monetary policy is wrong, Quarterly Review, Federal Reserve Bank of Minneapolis (2008) Downloads (2008)
  3. On the Optimal Choice of a Monetary Policy Instrument
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (13)
  4. Reply to Solow
    Working Papers, Federal Reserve Bank of Minneapolis Downloads
  5. Sales and the real effects of monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (29)
  6. Sticky prices and sectoral real exchange rates
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (21)
  7. The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (2)

2006

  1. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (16)
  2. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (29)
    Also in Levine's Bibliography, UCLA Department of Economics (2003) Downloads View citations (8)
    Levine's Bibliography, UCLA Department of Economics (2004) Downloads View citations (40)
    Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (42)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (84)

    See also Journal Article Business Cycle Accounting, Econometrica, Econometric Society (2007) Downloads View citations (571) (2007)
  3. How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) Downloads View citations (10)
  4. Modeling the transition to a new economy: lessons from two technological revolutions
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (4)
    See also Journal Article Modeling the Transition to a New Economy: Lessons from Two Technological Revolutions, American Economic Review, American Economic Association (2007) Downloads View citations (56) (2007)
  5. Modern Macroeconomics in Practice: How Theory is Shaping Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (75)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) Downloads View citations (69)

    See also Journal Article Modern Macroeconomics in Practice: How Theory Is Shaping Policy, Journal of Economic Perspectives, American Economic Association (2006) Downloads View citations (72) (2006)
  6. The advantage of transparency in monetary policy instruments
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (6)

2005

  1. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (79)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) Downloads View citations (39)
  2. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics Downloads View citations (27)
  3. Modeling and measuring organization capital
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (277)
    See also Journal Article Modeling and Measuring Organization Capital, Journal of Political Economy, University of Chicago Press (2005) Downloads View citations (287) (2005)
  4. Sudden Stops and Output Drops
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (126)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (127)
    Staff Report, Federal Reserve Bank of Minneapolis (2005) Downloads View citations (108)

    See also Journal Article Sudden Stops and Output Drops, American Economic Review, American Economic Association (2005) Downloads View citations (129) (2005)

2004

  1. Deflation and Depression: Is There and Empirical Link?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (51)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) Downloads View citations (47)

    See also Journal Article Deflation and Depression: Is There an Empirical Link?, American Economic Review, American Economic Association (2004) Downloads View citations (51) (2004)
  2. On the Desirability of Fiscal Constraints in a Monetary Union
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (8)
  3. Patrick Kehoe's comment on \\"Determinants of business cycle comovement: a robust analysis\\" by Marianne Baxter and Michael Kouparitsas
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  4. The optimal degree of discretion in monetary policy
    Working Paper Series, European Central Bank Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (1)
    Staff Report, Federal Reserve Bank of Minneapolis (2004) Downloads View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (6)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) Downloads View citations (3)

    See also Journal Article The Optimal Degree of Discretion in Monetary Policy, Econometrica, Econometric Society (2005) Downloads View citations (116) (2005)

2003

  1. Competitive equilibria with limited enforcement
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (8)
    Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (6)

    See also Journal Article Competitive equilibria with limited enforcement, Journal of Economic Theory, Elsevier (2004) Downloads View citations (62) (2004)
  2. Financial Crises as Herds: Overturning the Critiques
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (8)

    See also Journal Article Financial crises as herds: overturning the critiques, Journal of Economic Theory, Elsevier (2004) Downloads View citations (95) (2004)
  3. Hot Money
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (29)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (8)
    Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (29)

    See also Journal Article Hot Money, Journal of Political Economy, University of Chicago Press (2003) Downloads View citations (31) (2003)
  4. The Time Consistency of Optimal Monetary and Fiscal Policies
    Department of Economics Working Papers, Universidad Torcuato Di Tella Downloads View citations (2)
    See also Journal Article The Time Consistency of Optimal Monetary and Fiscal Policies, Econometrica, Econometric Society (2004) Downloads View citations (51) (2004)
  5. The time consistency of monetary and fiscal policies
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (4)

2002

  1. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (62)
  2. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (872)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (98)
    Staff Report, Federal Reserve Bank of Minneapolis (1998) Downloads View citations (103)

    See also Journal Article Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?, The Review of Economic Studies, Review of Economic Studies Ltd (2002) Downloads View citations (909) (2002)
  3. Data Appendix to A Decade Lost and Found: Mexico and Chile in the 1980s
    Online Appendices, Review of Economic Dynamics Downloads View citations (42)
    Also in Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile (2001) Downloads 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) Downloads View citations (107) (2002)
  4. Measuring Organization Capital
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
  5. On the robustness of herds
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (3)
  6. Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile Downloads View citations (11)
    Also in Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile. (2002) Downloads View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads 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) Downloads View citations (14) (2002)

2001

  1. A Decade Lost and Found: Mexico and Chile in the 1980s
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (39)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2001) Downloads View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (50)

    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) Downloads View citations (107) (2002)
  2. On the optimality of transparent monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (2)
  3. The Advantage of Transparent Instruments of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) Downloads View citations (12)
  4. The Transition to a New Economy After the Second Industrial Revolution
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (41)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) Downloads View citations (37)

    See also Journal Article The transition to a new economy after the Second Industrial Revolution, Proceedings, Federal Reserve Bank of San Francisco (2002) Downloads View citations (1) (2002)

2000

  1. Financial crises as herds
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (17)
  2. International Business Cycles with Endogenous Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (39)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2000) Downloads View citations (28)

    See also Journal Article International Business Cycles with Endogenous Incomplete Markets, Econometrica, Econometric Society (2002) View citations (397) (2002)
  3. Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2000) Downloads View citations (8)
  4. Money, interest rates, and exchange rates with endogenously segmented markets
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (17)
    See also Journal Article Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets, Journal of Political Economy, University of Chicago Press (2002) Downloads View citations (202) (2002)
  5. Paths of development for early- and late-bloomers in a dynamic Heckscher-Ohlin model
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (55)

1999

  1. Money and Interest Rates with Endogeneously Segmented Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1999) Downloads View citations (3)
  2. Optimal Fiscal and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (470)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) Downloads View citations (15)

    See also Chapter Optimal fiscal and monetary policy, Handbook of Macroeconomics, Elsevier (1999) Downloads View citations (479) (1999)

1998

  1. On the need for fiscal constraints in a monetary union
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (29)
    See also Journal Article On the need for fiscal constraints in a monetary union, Journal of Monetary Economics, Elsevier (2007) Downloads View citations (96) (2007)
  2. Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (58)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (82)

    See also Journal Article Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?, Econometrica, Econometric Society (2000) View citations (713) (2000)
  3. Sustainable Plans
    Levine's Working Paper Archive, David K. Levine Downloads View citations (30)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) Downloads View citations (4)

    See also Journal Article Sustainable Plans, Journal of Political Economy, University of Chicago Press (1990) Downloads View citations (245) (1990)

1997

  1. Industry Evolution and Transition: A Neoclassical Benchmark
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
  2. Models of energy use: putty-putty vs. putty-clay
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)
  3. Models of sovereign debt: partial vs. general reputations
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (3)
  4. Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (70)
  5. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (52)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (101)

1996

  1. Optimal fiscal policy in a business cycle model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  2. Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
  3. Reputation spillover across relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (24)

1995

  1. Industry evolution and transition: measuring investment in organization
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (17)
  2. Optimal social insurance, incentives, and transition
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (2)
  3. Putty-clay capital and energy
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (7)
  4. Social insurance and transition
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1995) Downloads View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (3)

    See also Journal Article Social Insurance and Transition, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1996) View citations (25) (1996)

1994

  1. Models of Energy Use: Putty-Putty versus Putty-Clay
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article Models of Energy Use: Putty-Putty versus Putty-Clay, American Economic Review, American Economic Association (1999) Downloads View citations (201) (1999)
  2. The role of institutions in reputation models of sovereign debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
    See also Journal Article The role of institutions in reputation models of sovereign debt, Journal of Monetary Economics, Elsevier (1995) Downloads View citations (56) (1995)

1993

  1. Industry evolution and transition: the role of information capital
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (22)
  2. International Business Cycles: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (189)
    Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (1993) View citations (90)
  3. Optimal Fiscal Policy in a Business Cycle Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) Downloads View citations (6)

    See also Journal Article Optimal Fiscal Policy in a Business Cycle Model, Journal of Political Economy, University of Chicago Press (1994) Downloads View citations (400) (1994)
  4. Optimality of the Friedman Rule in Economies with Distorting Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (51)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) Downloads View citations (12)

    See also Journal Article Optimality of the Friedman rule in economies with distorting taxes, Journal of Monetary Economics, Elsevier (1996) Downloads View citations (199) (1996)

1992

  1. Dynamics of the Trade Balance and the Terms of Trade: The J-Curve Revisited
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (6)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) Downloads View citations (7)
  2. Dynamics of the Trade Balance and the Terms of Trade: The S-Curve
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1992) Downloads View citations (11)
    Instructional Stata datasets for econometrics, Boston College Department of Economics Downloads

    See also Software Item Web interface for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?", QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles (1992) Downloads (1992)
    Software Item DOS executable for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?", QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles (1992) Downloads (1992)
    Journal Article Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?, American Economic Review, American Economic Association (1994) Downloads View citations (856) (1994)
  3. In search of scale effects in trade and growth
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (154)
    See also Journal Article In search of scale effects in trade and growth, Journal of Economic Theory, Elsevier (1992) Downloads View citations (127) (1992)
  4. International Evidence on the Historical Properties of Business Cycles
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (414)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) Downloads View citations (7)

    See also Journal Article International Evidence of the Historical Properties of Business Cycles, American Economic Review, American Economic Association (1992) Downloads View citations (419) (1992)
  5. Relative Price Movements in Dynamic General Equilibrium Models of International Trade
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (12)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1992) Downloads View citations (11)
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) Downloads View citations (14)

1991

  1. International real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (49)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1987) Downloads

    See also Journal Article International Real Business Cycles, Journal of Political Economy, University of Chicago Press (1992) Downloads View citations (1248) (1992)
  2. Optimal fiscal and monetary policy: some recent results
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (249)
    See also Journal Article Optimal Fiscal and Monetary Policy: Some Recent Results, Journal of Money, Credit and Banking, Blackwell Publishing (1991) Downloads View citations (265) (1991)
  3. Optimal fiscal policy in a stochastic growth model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (2)
  4. Reputation with multiple relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (3)

1990

  1. Sustainable Plans and Mutual Default
    IMF Working Papers, International Monetary Fund Downloads View citations (131)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) Downloads View citations (2)

    See also Journal Article Sustainable Plans and Mutual Default, The Review of Economic Studies, Review of Economic Studies Ltd (1993) Downloads View citations (67) (1993)

1989

  1. International coordination of fiscal policy in limiting economies
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (6)
    See also Journal Article International Coordination of Fiscal Policy in Limiting Economies, Journal of Political Economy, University of Chicago Press (1990) Downloads View citations (52) (1990)
  2. Sustainable plans and debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (7)
    See also Journal Article Sustainable Plans and Debt, Journal of Economic Theory, Elsevier (1993) Downloads View citations (50) (1993)

1988

  1. On the denomination of government debt: a critique of the portfolio balance approach
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)
    See also Journal Article On the denomination of government debt: A critique of the portfolio balance approach, Journal of Monetary Economics, Elsevier (1989) Downloads View citations (55) (1989)
  2. Time consistency and policy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (34)

1987

  1. Trade and Exchange-Rate Dynamics in a Dynamic Competitive Economy
    Working Paper, Economics Department, Queen's University View citations (1)

1986

  1. Coordination of fiscal policies in a world economy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article Coordination of fiscal policies in a world economy, Journal of Monetary Economics, Elsevier (1987) Downloads View citations (62) (1987)
  2. International policy cooperation may be undesirable
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)

Journal Articles

2024

  1. Is a fiscal union optimal for a monetary union?
    Journal of Monetary Economics, 2024, 141, (C), 157-177 Downloads
    See also Working Paper Is a fiscal union optimal for a monetary union?, Post-Print (2024) (2024)

2023

  1. Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle*
    The Review of Economic Studies, 2023, 90, (3), 1304-1357 Downloads
    See also Working Paper Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle, NBER Working Papers (2022) Downloads View citations (4) (2022)

2020

  1. On the Importance of Household versus Firm Credit Frictions in the Great Recession
    Review of Economic Dynamics, 2020, 37 Supplement 1, S34-S67 Downloads View citations (6)
    See also Working Paper On the Importance of Household versus Firm Credit Frictions in the Great Recession, Working Papers (2020) Downloads View citations (4) (2020)
    Software Item Code and data files for "On the Importance of Household versus Firm Credit Frictions in the Great Recession", Computer Codes (2020) Downloads (2020)
  2. On the Optimality of Financial Repression
    Journal of Political Economy, 2020, 128, (2), 710 - 739 Downloads View citations (23)
  3. Rethinking Optimal Currency Areas
    Journal of Monetary Economics, 2020, 111, (C), 80-94 Downloads View citations (16)
    See also Working Paper Rethinking Optimal Currency Areas, 2014 Meeting Papers (2014) View citations (3) (2014)

2019

  1. Debt Constraints and Employment
    Journal of Political Economy, 2019, 127, (4), 1926 - 1991 Downloads View citations (23)
    See also Working Paper Debt Constraints and Employment, Staff Report (2016) Downloads View citations (24) (2016)
  2. Financial Frictions and Fluctuations in Volatility
    Journal of Political Economy, 2019, 127, (5), 2049 - 2103 Downloads View citations (140)
    See also Working Paper Financial Frictions and Fluctuations in Volatility, NBER Working Papers (2016) Downloads View citations (53) (2016)

2018

  1. Evolution of Modern Business Cycle Models: Accounting for the Great Recession
    Journal of Economic Perspectives, 2018, 32, (3), 141-66 Downloads View citations (17)
    See also Working Paper Evolution of Modern Business Cycle Models: Accounting for the Great Recession, Staff Report (2018) Downloads View citations (13) (2018)

2017

  1. Fiscal unions redux
    Economic Theory, 2017, 64, (4), 741-776 Downloads View citations (4)
    See also Working Paper Fiscal Unions Redux, Discussion Papers (2017) Downloads View citations (4) (2017)

2016

  1. Bailouts, Time Inconsistency, and Optimal Regulation: A Macroeconomic View
    American Economic Review, 2016, 106, (9), 2458-93 Downloads View citations (66)
  2. Debt Constraints and the Labor Wedge
    American Economic Review, 2016, 106, (5), 548-53 Downloads View citations (8)

2015

  1. Prices are sticky after all
    Journal of Monetary Economics, 2015, 75, (C), 35-53 Downloads View citations (121)
    See also Working Paper Prices are Sticky After All, NBER Working Papers (2010) Downloads View citations (51) (2010)

2010

  1. Sophisticated Monetary Policies
    The Quarterly Journal of Economics, 2010, 125, (1), 47-89 Downloads View citations (40)
    See also Working Paper Sophisticated Monetary Policies, NBER Working Papers (2009) Downloads View citations (15) (2009)

2009

  1. New Keynesian Models: Not Yet Useful for Policy Analysis
    American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 Downloads View citations (304)
    See also Working Paper New Keynesian Models: Not Yet Useful for Policy Analysis, NBER Working Papers (2008) Downloads View citations (58) (2008)
  2. Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium
    The Review of Economic Studies, 2009, 76, (3), 851-878 Downloads View citations (99)
    See also Working Paper Time-varying risk, interest rates, and exchange rates in general equilibrium, Staff Report (2008) Downloads View citations (21) (2008)

2008

  1. Are structural VARs with long-run restrictions useful in developing business cycle theory?
    Journal of Monetary Economics, 2008, 55, (8), 1337-1352 Downloads View citations (208)
    See also Working Paper Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?, NBER Working Papers (2008) Downloads View citations (202) (2008)
  2. If exchange rates are random walks, then almost everything we say about monetary policy is wrong
    Quarterly Review, 2008, (Jul), 2-9 Downloads
    Also in American Economic Review, 2007, 97, (2), 339-345 (2007) Downloads View citations (34)

    See also Working Paper If exchange rates are random walks then almost everything we say about monetary policy is wrong, Working Papers (2007) Downloads View citations (16) (2007)
  3. Time Inconsistency and Free-Riding in a Monetary Union
    Journal of Money, Credit and Banking, 2008, 40, (7), 1329-1356 View citations (49)
    Also in Journal of Money, Credit and Banking, 2008, 40, (7), 1329-1356 (2008) Downloads View citations (5)

    See also Working Paper Time Inconsistency and Free-Riding in a Monetary Union, Levine's Working Paper Archive (2010) Downloads View citations (2) (2010)

2007

  1. Business Cycle Accounting
    Econometrica, 2007, 75, (3), 781-836 Downloads View citations (571)
    See also Working Paper Business cycle accounting, Staff Report (2006) Downloads View citations (29) (2006)
  2. Modeling the Transition to a New Economy: Lessons from Two Technological Revolutions
    American Economic Review, 2007, 97, (1), 64-88 Downloads View citations (56)
    See also Working Paper Modeling the transition to a new economy: lessons from two technological revolutions, Staff Report (2006) Downloads View citations (4) (2006)
  3. Modern macroeconomics in practice: how theory is shaping monetary policy
    Annual Report, 2007, 21, (May), 6-28 Downloads
  4. On the need for fiscal constraints in a monetary union
    Journal of Monetary Economics, 2007, 54, (8), 2399-2408 Downloads View citations (96)
    See also Working Paper On the need for fiscal constraints in a monetary union, Working Papers (1998) Downloads View citations (29) (1998)

2006

  1. Modern Macroeconomics in Practice: How Theory Is Shaping Policy
    Journal of Economic Perspectives, 2006, 20, (4), 3-28 Downloads View citations (72)
    See also Working Paper Modern Macroeconomics in Practice: How Theory is Shaping Policy, NBER Working Papers (2006) Downloads View citations (75) (2006)

2005

  1. Comment on: "Determinants of business cycle comovement: a robust analysis"
    Journal of Monetary Economics, 2005, 52, (1), 159-162 Downloads View citations (12)
  2. Modeling and Measuring Organization Capital
    Journal of Political Economy, 2005, 113, (5), 1026-1053 Downloads View citations (287)
    See also Working Paper Modeling and measuring organization capital, Staff Report (2005) Downloads View citations (277) (2005)
  3. Sudden Stops and Output Drops
    American Economic Review, 2005, 95, (2), 381-387 Downloads View citations (129)
    See also Working Paper Sudden Stops and Output Drops, Levine's Bibliography (2005) Downloads View citations (126) (2005)
  4. The Optimal Degree of Discretion in Monetary Policy
    Econometrica, 2005, 73, (5), 1431-1475 Downloads View citations (116)
    See also Working Paper The optimal degree of discretion in monetary policy, Working Paper Series (2004) Downloads View citations (1) (2004)

2004

  1. Competitive equilibria with limited enforcement
    Journal of Economic Theory, 2004, 119, (1), 184-206 Downloads View citations (62)
    See also Working Paper Competitive equilibria with limited enforcement, Staff Report (2003) Downloads (2003)
  2. Deflation and Depression: Is There an Empirical Link?
    American Economic Review, 2004, 94, (2), 99-103 Downloads View citations (51)
    See also Working Paper Deflation and Depression: Is There and Empirical Link?, NBER Working Papers (2004) Downloads View citations (51) (2004)
  3. EconomicDynamics Forum: Patrick Kehoe on Whether Price Rigidities Matter for Business Cycle Analysis
    EconomicDynamics Newsletter, 2004, 5, (2) Downloads
  4. Financial crises as herds: overturning the critiques
    Journal of Economic Theory, 2004, 119, (1), 128-150 Downloads View citations (95)
    See also Working Paper Financial Crises as Herds: Overturning the Critiques, NBER Working Papers (2003) Downloads View citations (14) (2003)
  5. The Time Consistency of Optimal Monetary and Fiscal Policies
    Econometrica, 2004, 72, (2), 541-567 Downloads View citations (51)
    See also Working Paper The Time Consistency of Optimal Monetary and Fiscal Policies, Department of Economics Working Papers (2003) Downloads View citations (2) (2003)

2003

  1. Accounting for the Great Depression
    Quarterly Review, 2003, 27, (Spr), 2-8 Downloads View citations (11)
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) Downloads View citations (75)
  2. Hot Money
    Journal of Political Economy, 2003, 111, (6), 1262-1292 Downloads View citations (31)
    See also Working Paper Hot Money, Levine's Bibliography (2003) Downloads View citations (29) (2003)
  3. The optimal degree of monetary policy discretion
    Proceedings, 2003 Downloads View citations (34)

2002

  1. A Decade Lost and Found: Mexico and Chile in the 1980s
    Review of Economic Dynamics, 2002, 5, (1), 166-205 Downloads View citations (107)
    See also Working Paper Data Appendix to A Decade Lost and Found: Mexico and Chile in the 1980s, Online Appendices (2002) Downloads View citations (42) (2002)
    Working Paper A Decade Lost and Found: Mexico and Chile in the 1980s, Working Papers Central Bank of Chile (2001) Downloads View citations (39) (2001)
  2. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    The Review of Economic Studies, 2002, 69, (3), 533-563 Downloads View citations (909)
    See also Working Paper Can sticky price models generate volatile and persistent real exchange rates?, Staff Report (2002) Downloads View citations (872) (2002)
  3. Decades lost and found: Mexico and Chile since 1980
    Quarterly Review, 2002, 26, (Win), 3-30 Downloads View citations (54)
  4. International Business Cycles with Endogenous Incomplete Markets
    Econometrica, 2002, 70, (3), 907-928 View citations (397)
    See also Working Paper International Business Cycles with Endogenous Incomplete Markets, NBER Working Papers (2000) Downloads View citations (39) (2000)
  5. Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets
    Journal of Political Economy, 2002, 110, (1), 73-112 Downloads View citations (202)
    See also Working Paper Money, interest rates, and exchange rates with endogenously segmented markets, Staff Report (2000) Downloads View citations (17) (2000)
  6. Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's
    American Economic Review, 2002, 92, (2), 16-21 Downloads View citations (14)
    See also Working Paper Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s, Documentos de Trabajo (2002) Downloads View citations (11) (2002)
  7. The transition to a new economy after the Second Industrial Revolution
    Proceedings, 2002, (Nov) Downloads View citations (1)
    See also Working Paper The Transition to a New Economy After the Second Industrial Revolution, NBER Working Papers (2001) Downloads View citations (41) (2001)

2000

  1. Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
    Econometrica, 2000, 68, (5), 1151-1180 View citations (713)
    See also Working Paper Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?, Staff Report (1998) Downloads View citations (58) (1998)

1999

  1. Asking the right questions about the IMF
    Annual Report, 1999, 3-26 Downloads View citations (9)
  2. Models of Energy Use: Putty-Putty versus Putty-Clay
    American Economic Review, 1999, 89, (4), 1028-1043 Downloads View citations (201)
    See also Working Paper Models of Energy Use: Putty-Putty versus Putty-Clay, NBER Working Papers (1994) Downloads View citations (4) (1994)
  3. Taxing capital income: a bad idea
    Quarterly Review, 1999, 23, (Sum), 3-17 Downloads View citations (166)

1998

  1. Comments on M. Obstfeld, “Open‐Economy Macroeconomics: Developments in Theory and Policy”
    Scandinavian Journal of Economics, 1998, 100, (1), 277-283 Downloads
  2. Models of Sovereign Debt: Partial versus General Reputations
    International Economic Review, 1998, 39, (1), 55-70 View citations (136)

1997

  1. Reviving reputation models of international debt
    Quarterly Review, 1997, 21, (Win), 21-30 Downloads View citations (47)

1996

  1. Optimality of the Friedman rule in economies with distorting taxes
    Journal of Monetary Economics, 1996, 37, (2-3), 203-223 Downloads View citations (199)
    See also Working Paper Optimality of the Friedman Rule in Economies with Distorting Taxes, NBER Working Papers (1993) Downloads View citations (51) (1993)
  2. Social Insurance and Transition
    International Economic Review, 1996, 37, (2), 377-401 View citations (25)
    See also Working Paper Social insurance and transition, Staff Report (1995) Downloads View citations (2) (1995)

1995

  1. The role of institutions in reputation models of sovereign debt
    Journal of Monetary Economics, 1995, 35, (1), 45-64 Downloads View citations (56)
    See also Working Paper The role of institutions in reputation models of sovereign debt, Staff Report (1994) Downloads View citations (1) (1994)

1994

  1. A primer on static applied general equilibrium models
    Quarterly Review, 1994, 18, (Spr), 2-16 Downloads View citations (65)
  2. Capturing NAFTA's impact with applied general equilibrium models
    Quarterly Review, 1994, 18, (Spr), 17-34 Downloads View citations (41)
  3. Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?
    American Economic Review, 1994, 84, (1), 84-103 Downloads View citations (856)
    See also Working Paper Dynamics of the Trade Balance and the Terms of Trade: The S-Curve, NBER Working Papers (1992) Downloads View citations (10) (1992)
    Software Item DOS executable for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?", QM&RBC Codes (1992) Downloads (1992)
    Software Item Web interface for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?", QM&RBC Codes (1992) Downloads (1992)
  4. Optimal Fiscal Policy in a Business Cycle Model
    Journal of Political Economy, 1994, 102, (4), 617-52 Downloads View citations (400)
    See also Working Paper Optimal Fiscal Policy in a Business Cycle Model, NBER Working Papers (1993) Downloads View citations (12) (1993)

1993

  1. International business cycles: theory vs. evidence
    Quarterly Review, 1993, 17, (Fall), 14-29 Downloads View citations (63)
  2. Sustainable Plans and Debt
    Journal of Economic Theory, 1993, 61, (2), 230-261 Downloads View citations (50)
    See also Working Paper Sustainable plans and debt, Staff Report (1989) Downloads View citations (7) (1989)
  3. Sustainable Plans and Mutual Default
    The Review of Economic Studies, 1993, 60, (1), 175-195 Downloads View citations (67)
    See also Working Paper Sustainable Plans and Mutual Default, IMF Working Papers (1990) Downloads View citations (131) (1990)

1992

  1. In search of scale effects in trade and growth
    Journal of Economic Theory, 1992, 58, (2), 377-409 Downloads View citations (127)
    See also Working Paper In search of scale effects in trade and growth, Staff Report (1992) Downloads View citations (154) (1992)
  2. International Evidence of the Historical Properties of Business Cycles
    American Economic Review, 1992, 82, (4), 864-88 Downloads View citations (419)
    See also Working Paper International Evidence on the Historical Properties of Business Cycles, Working Papers (1992) View citations (414) (1992)
  3. International Real Business Cycles
    Journal of Political Economy, 1992, 100, (4), 745-75 Downloads View citations (1248)
    See also Working Paper International real business cycles, Staff Report (1991) Downloads View citations (49) (1991)

1991

  1. Optimal Fiscal and Monetary Policy: Some Recent Results
    Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 Downloads View citations (265)
    Also in Proceedings, 1991, 519-546 (1991) View citations (260)

    See also Working Paper Optimal fiscal and monetary policy: some recent results, Staff Report (1991) Downloads View citations (249) (1991)

1990

  1. International Coordination of Fiscal Policy in Limiting Economies
    Journal of Political Economy, 1990, 98, (3), 617-36 Downloads View citations (52)
    See also Working Paper International coordination of fiscal policy in limiting economies, Staff Report (1989) Downloads View citations (6) (1989)
  2. Sustainable Plans
    Journal of Political Economy, 1990, 98, (4), 783-802 Downloads View citations (245)
    See also Working Paper Sustainable Plans, Levine's Working Paper Archive (1998) Downloads View citations (30) (1998)

1989

  1. On the denomination of government debt: A critique of the portfolio balance approach
    Journal of Monetary Economics, 1989, 23, (3), 359-376 Downloads View citations (55)
    See also Working Paper On the denomination of government debt: a critique of the portfolio balance approach, Staff Report (1988) Downloads View citations (5) (1988)
  2. Policy Cooperation Among Benevolent Governments May Be Undesirable
    The Review of Economic Studies, 1989, 56, (2), 289-296 Downloads View citations (180)

1988

  1. On the Roles of International Financial Markets and Their Relevance for Economic Policy: Comment
    Journal of Money, Credit and Banking, 1988, 20, (3), 550-54 Downloads View citations (1)

1987

  1. Coordination of fiscal policies in a world economy
    Journal of Monetary Economics, 1987, 19, (3), 349-376 Downloads View citations (62)
    See also Working Paper Coordination of fiscal policies in a world economy, Staff Report (1986) Downloads (1986)

Chapters

2016

  1. Accounting for Business Cycles
    Elsevier Downloads View citations (67)
    See also Working Paper Accounting for Business Cycles, Federal Reserve Bank of Minneapolis (2016) Downloads View citations (40) (2016)

2009

  1. On the Need for a New Approach to Analyzing Monetary Policy
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 389-425 Downloads View citations (29)
    See also Working Paper On the Need for a New Approach to Analyzing Monetary Policy, National Bureau of Economic Research, Inc (2008) Downloads View citations (44) (2008)

1999

  1. Optimal fiscal and monetary policy
    Chapter 26 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1671-1745 Downloads View citations (479)
    See also Working Paper Optimal Fiscal and Monetary Policy, National Bureau of Economic Research, Inc (1999) Downloads View citations (470) (1999)

Software Items

2020

  1. Code and data files for "On the Importance of Household versus Firm Credit Frictions in the Great Recession"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article On the Importance of Household versus Firm Credit Frictions in the Great Recession, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) Downloads View citations (6) (2020)

1992

  1. DOS executable for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?"
    QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles Downloads
    See also Journal Article Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?, American Economic Review, American Economic Association (1994) Downloads View citations (856) (1994)
    Working Paper Dynamics of the Trade Balance and the Terms of Trade: The S-Curve, NBER Working Papers, National Bureau of Economic Research, Inc (1992) Downloads View citations (10) (1992)
  2. Web interface for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?"
    QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles Downloads
    See also Journal Article Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?, American Economic Review, American Economic Association (1994) Downloads View citations (856) (1994)
    Working Paper Dynamics of the Trade Balance and the Terms of Trade: The S-Curve, NBER Working Papers, National Bureau of Economic Research, Inc (1992) Downloads View citations (10) (1992)
 
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