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Details about Kevin J. Lansing

E-mail:
Homepage:http://www.frbsf.org/economic-research/economists/kevin-lansing/
Phone:415-974-2393
Postal address:Federal Reserve Bank of San Francisco Economic Research Department P.O. Box 7702 San Francisco CA 94120-7702
Workplace:Economic Research, Federal Reserve Bank of San Francisco, (more information at EDIRC)
Federal Reserve Bank of San Francisco, (more information at EDIRC)

Access statistics for papers by Kevin J. Lansing.

Last updated 2019-07-30. Update your information in the RePEc Author Service.

Short-id: pla25


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Working Papers

2018

  1. Examining the Sources of Excess Return Predictability: Stochastic Volatility or Market Inefficiency?
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
  2. Real Business Cycles, Animal Spirits, and Stock Market Valuation
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article in International Journal of Economic Theory (2019)

2017

  1. Endogenous Regime Switching Near the Zero Lower Bound
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
  2. Leaning Against the Credit Cycle
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (2)
    Also in Working Paper, Norges Bank (2015) Downloads View citations (9)

    See also Journal Article in Journal of the European Economic Association (2018)

2016

  1. Credit-fuelled bubbles
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (8)
  2. Explaining Exchange Rate Anomalies in a Model with Taylor-Rule Fundamentals and Consistent Expectations
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article in Journal of International Money and Finance (2017)
  3. Top Incomes, Rising Inequality, and Welfare
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (15)
    Also in CESifo Working Paper Series, CESifo Group Munich (2015) Downloads
    Working Paper, Norges Bank (2012) Downloads
    Tinbergen Institute Discussion Papers, Tinbergen Institute (2015) Downloads
    CESifo Working Paper Series, CESifo Group Munich (2012) Downloads
    CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis (2013) Downloads View citations (1)

    See also Journal Article in Economic Journal (2018)

2015

  1. Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (2)
    Also in Working Paper, Norges Bank (2015) Downloads View citations (4)

    See also Journal Article in Journal of Money, Credit and Banking (2018)

2014

  1. House Prices, Expectations, and Time-Varying Fundamentals
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (20)
    Also in Working Paper, Norges Bank (2013) Downloads View citations (11)

    See also Journal Article in Journal of Empirical Finance (2014)

2012

  1. House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy
    Dynare Working Papers, CEPREMAP Downloads View citations (7)
    Also in Working Paper, Norges Bank (2012) Downloads View citations (13)
    Working Paper Series, Federal Reserve Bank of San Francisco (2012) Downloads View citations (10)

    See also Journal Article in International Journal of Central Banking (2013)

2011

  1. Asset pricing with concentrated ownership of capital
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (4)
    Also in Working Paper, Norges Bank (2011) Downloads View citations (4)

2010

  1. Risk aversion and stock price volatility
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
  2. Some new variance bounds for asset prices: a comment
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)

2008

  1. Capital-Labor Substitution, Equilibrium Indeterminacy, and the Cyclical Behavior of Labor Income
    Working Papers, University of California at Riverside, Department of Economics Downloads
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) Downloads View citations (1)
  2. Speculative growth and overreaction to technology shocks
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)

2007

  1. Rational and Near-Rational Bubbles Without Drift
    2007 Meeting Papers, Society for Economic Dynamics Downloads
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2007) Downloads View citations (3)

    See also Journal Article in Economic Journal (2010)

2006

  1. Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve
    2006 Meeting Papers, Society for Economic Dynamics Downloads
    Also in Computing in Economics and Finance 2006, Society for Computational Economics (2006) Downloads View citations (3)
    Working Paper Series, Federal Reserve Bank of San Francisco (2006) Downloads

    See also Journal Article in Review of Economic Dynamics (2009)

2005

  1. Lock-in of extrapolative expectations in an asset pricing model
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article in Macroeconomic Dynamics (2006)
  2. Maintenance expenditures and indeterminacy under increasing returns to scale
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (5)
    See also Journal Article in International Journal of Economic Theory (2007)

2004

  1. Tax reform with useful public expenditures
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco Downloads View citations (3)
    See also Journal Article in Journal of Public Economic Theory (2006)

2003

  1. Forward-looking behavior and optimal discretionary monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (9)
    See also Journal Article in Economics Letters (2003)

2002

  1. Growth effects of shifting from a progressive tax system to a flat tax
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
  2. Learning about a shift in trend output: implications for monetary policy and inflation
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
    See also Journal Article in Proceedings (2000)

1999

  1. Fiscal policy and productivity growth in the OECD
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (10)
    See also Journal Article in Canadian Journal of Economics (1999)
  2. Fiscal policy, increasing returns, and endogenous fluctuations
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco Downloads View citations (33)
    See also Journal Article in Macroeconomic Dynamics (2002)

1998

  1. Expectations, credibility, and disinflation in a small macroeconomic model
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco Downloads View citations (1)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1997) Downloads View citations (8)

    See also Journal Article in Journal of Economics and Business (2000)
  2. Optimal redistributive capital taxation in a neoclassical growth model
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (6)
    See also Journal Article in Journal of Public Economics (1999)
  3. Optimal taxation of capital income with imperfectly competitive product markets
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
    See also Journal Article in Journal of Economic Dynamics and Control (1999)

1997

  1. Indeterminacy and stabilization policy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads
    See also Journal Article in Journal of Economic Theory (1998)

1996

  1. Growth effects of a flat tax
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (7)
  2. Welfare, stabilization, or growth: a comparison of different fiscal objectives
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (7)

1995

  1. Computable general-equilibrium models and monetary policy advice
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (9)
    See also Journal Article in Journal of Money, Credit and Banking (1995)
  2. Optimal fiscal policy when public capital is productive: a business cycle perspective
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1994) Downloads View citations (3)
  3. Optimal fiscal policy, public capital, and the productivity slowdown
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (3)
    See also Journal Article in Journal of Economic Dynamics and Control (1998)
  4. Optimal taxation of capital income in a growth model with monopoly profits
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)

1994

  1. Tax structure, welfare, and the stability of equilibrium in a model of dynamic optimal fiscal policy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (1)
  2. The welfare effects of tax simplification: a general-equilibrium analysis
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads View citations (2)

1993

  1. Dynamic optimal fiscal and monetary policy in a business cycle model with income redistribution
    Working Papers (Old Series), Federal Reserve Bank of Cleveland Downloads

Journal Articles

2019

  1. Improving the Phillips Curve with an Interaction Variable
    FRBSF Economic Letter, 2019 Downloads
  2. Inflation dynamics and adaptive expectations in an estimated DSGE model
    Journal of Macroeconomics, 2019, 59, (C), 258-277 Downloads
  3. Real business cycles, animal spirits, and stock market valuation
    International Journal of Economic Theory, 2019, 15, (1), 77-94 Downloads
    See also Working Paper (2018)

2018

  1. Can the Income-Expenditure Discrepancy Improve Forecasts?
    FRBSF Economic Letter, 2018 Downloads
  2. Explaining the Boom–Bust Cycle in the U.S. Housing Market: A Reverse‐Engineering Approach
    Journal of Money, Credit and Banking, 2018, 50, (8), 1751-1783 Downloads View citations (1)
    See also Working Paper (2015)
  3. Leaning Against the Credit Cycle
    Journal of the European Economic Association, 2018, 16, (5), 1350-1393 Downloads View citations (6)
    See also Working Paper (2017)
  4. Top Incomes, Rising Inequality and Welfare
    Economic Journal, 2018, 128, (608), 262-297 Downloads
    See also Working Paper (2016)
  5. Using Sentiment and Momentum to Predict Stock Returns
    FRBSF Economic Letter, 2018 Downloads

2017

  1. Explaining exchange rate anomalies in a model with Taylor-rule fundamentals and consistent expectations
    Journal of International Money and Finance, 2017, 70, (C), 62-87 Downloads
    See also Working Paper (2016)
  2. R-star, Uncertainty, and Monetary Policy
    FRBSF Economic Letter, 2017 Downloads
  3. Stock Market Valuation and the Macroeconomy
    FRBSF Economic Letter, 2017 Downloads

2016

  1. Consequences of Rising Income Inequality
    FRBSF Economic Letter, 2016 Downloads
  2. On variance bounds for asset price changes
    Journal of Financial Markets, 2016, 28, (C), 132-148 Downloads View citations (2)
  3. Projecting the Long-Run Natural Rate of Interest
    FRBSF Economic Letter, 2016 Downloads

2015

  1. Assessing the Recent Behavior of Inflation
    FRBSF Economic Letter, 2015 Downloads
  2. Asset Pricing with Concentrated Ownership of Capital and Distribution Shocks
    American Economic Journal: Macroeconomics, 2015, 7, (4), 67-103 Downloads View citations (6)
  3. Discussion of Ling, Ooi, and Le
    Journal of Money, Credit and Banking, 2015, 47, (S1), 127-132 Downloads
  4. Persistent overoptimism about economic growth
    FRBSF Economic Letter, 2015 Downloads View citations (3)
  5. What’s different about the latest housing boom?
    FRBSF Economic Letter, 2015 Downloads View citations (1)

2014

  1. House prices, expectations, and time-varying fundamentals
    Journal of Empirical Finance, 2014, 29, (C), 3-25 Downloads View citations (27)
    See also Working Paper (2014)
  2. Risk aversion, investor information and stock market volatility
    European Economic Review, 2014, 70, (C), 88-107 Downloads View citations (6)

2013

  1. House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy
    International Journal of Central Banking, 2013, 9, (2), 219-276 Downloads View citations (52)
    See also Working Paper (2012)
  2. Monetary policy and asset prices with belief-driven fluctuations
    Journal of Economic Dynamics and Control, 2013, 37, (8), 1453-1478 Downloads View citations (14)

2012

  1. Housing bubbles and homeownership returns
    FRBSF Economic Letter, 2012, (jun25) Downloads View citations (4)
  2. Speculative growth, overreaction, and the welfare cost of technology-driven bubbles
    Journal of Economic Behavior & Organization, 2012, 83, (3), 461-483 Downloads View citations (11)

2011

  1. Consumers and the economy, part I: Household credit and personal saving
    FRBSF Economic Letter, 2011, (jan10) Downloads View citations (1)
  2. Gauging the impact of the Great Recession
    FRBSF Economic Letter, 2011, (july11) Downloads View citations (4)

2010

  1. Forecasting growth over the next year with a business cycle index
    FRBSF Economic Letter, 2010, (sep27) Downloads View citations (1)
  2. Global household leverage, house prices, and consumption
    FRBSF Economic Letter, 2010, (jan11) Downloads View citations (28)
  3. Rational and Near-Rational Bubbles Without Drift
    Economic Journal, 2010, 120, (549), 1149-1174 Downloads View citations (31)
    See also Working Paper (2007)

2009

  1. Capital-labor substitution and equilibrium indeterminacy
    Journal of Economic Dynamics and Control, 2009, 33, (12), 1991-2000 Downloads View citations (21)
  2. Speculative Bubbles and Overreaction to Technological Innovation
    Journal of Financial Transformation, 2009, 26, 51-54 Downloads View citations (1)
    Also in FRBSF Economic Letter, 2008, (jun20) (2008) Downloads View citations (2)
  3. Time Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve
    Review of Economic Dynamics, 2009, 12, (2), 304-326 Downloads View citations (19)
    See also Working Paper (2006)
    Software Item (2008)
  4. U.S. household deleveraging and future consumption growth
    FRBSF Economic Letter, 2009, (may15) Downloads View citations (13)

2008

  1. Monetary policy and asset prices
    FRBSF Economic Letter, 2008, (oct31) Downloads View citations (10)

2007

  1. Asset price bubbles
    FRBSF Economic Letter, 2007, (oct26) Downloads View citations (1)
  2. Maintenance expenditures and indeterminacy under increasing returns to scale
    International Journal of Economic Theory, 2007, 3, (2), 147-158 Downloads View citations (10)
    See also Working Paper (2005)

2006

  1. LOCK-IN OF EXTRAPOLATIVE EXPECTATIONS IN AN ASSET PRICING MODEL
    Macroeconomic Dynamics, 2006, 10, (03), 317-348 Downloads View citations (16)
    See also Working Paper (2005)
  2. Tax Reform with Useful Public Expenditures
    Journal of Public Economic Theory, 2006, 8, (4), 631-676 Downloads View citations (17)
    See also Working Paper (2004)
  3. Will moderating growth reduce inflation?
    FRBSF Economic Letter, 2006, (dec22) Downloads View citations (1)

2005

  1. Inflation-Induced Valuation Errors in the Stock Market
    Journal of Financial Transformation, 2005, 13, 124-126 Downloads
    Also in FRBSF Economic Letter, 2004, (oct29) (2004) Downloads View citations (5)
  2. Spendthrift nation
    FRBSF Economic Letter, 2005, (nov10) Downloads View citations (4)

2004

  1. Growth Effects of Shifting from a Graduated-rate Tax System to a Flat Tax
    Economic Inquiry, 2004, 42, (2), 194-213 Downloads View citations (36)

2003

  1. Forward-looking behavior and optimal discretionary monetary policy
    Economics Letters, 2003, 81, (2), 249-256 Downloads View citations (18)
    See also Working Paper (2003)
  2. Globally-Stabilizing Fiscal Policy Rules
    Studies in Nonlinear Dynamics & Econometrics, 2003, 7, (2), 1-15 Downloads
  3. Growth in the post-bubble economy
    FRBSF Economic Letter, 2003, (jun20) Downloads View citations (2)
  4. Should the Fed react to the stock market?
    FRBSF Economic Letter, 2003, (nov14) Downloads View citations (6)

2002

  1. Can the Phillips curve help forecast inflation?
    FRBSF Economic Letter, 2002, (oct4) Downloads View citations (6)
  2. FISCAL POLICY, INCREASING RETURNS, AND ENDOGENOUS FLUCTUATIONS
    Macroeconomic Dynamics, 2002, 6, (05), 633-664 Downloads View citations (34)
    See also Working Paper (1999)
  3. Real-time estimation of trend output and the illusion of interest rate smoothing
    Economic Review, 2002, 17-34 Downloads View citations (30)
  4. Searching for value in the U.S. stock market
    FRBSF Economic Letter, 2002, (may24) Downloads

2001

  1. Uncertainties in projecting federal budget surpluses
    FRBSF Economic Letter, 2001, (apr.13) Downloads

2000

  1. Expectations, credibility, and disinflation in a small macroeconomic model
    Journal of Economics and Business, 2000, 52, (1-2), 51-86 Downloads View citations (23)
    See also Working Paper (1998)
  2. Exploring the causes of the Great Inflation
    FRBSF Economic Letter, 2000, (jul7) Downloads View citations (4)
  3. Learning about a shift in trend output: implications for monetary policy and inflation
    Proceedings, 2000 Downloads View citations (28)
    See also Working Paper (2002)

1999

  1. Fiscal Policy and Productivity Growth in the OECD
    Canadian Journal of Economics, 1999, 32, (5), 1215-1226 Downloads View citations (11)
    See also Working Paper (1999)
  2. Optimal redistributive capital taxation in a neoclassical growth model
    Journal of Public Economics, 1999, 73, (3), 423-453 Downloads View citations (60)
    See also Working Paper (1998)
  3. Optimal taxation of capital income with imperfectly competitive product markets
    Journal of Economic Dynamics and Control, 1999, 23, (7), 967-995 Downloads View citations (70)
    See also Working Paper (1998)
  4. Output and inflation: a 100-year perspective
    FRBSF Economic Letter, 1999, (may28) Downloads
  5. Rates of return from Social Security
    FRBSF Economic Letter, 1999, (nov12) Downloads

1998

  1. Can the stock market save Social Security?
    FRBSF Economic Letter, 1998, (dec11) Downloads
  2. Federal Reserve credibility and inflation scares
    Economic Review, 1998, 3-16 Downloads View citations (3)
  3. Indeterminacy and Stabilization Policy
    Journal of Economic Theory, 1998, 82, (2), 481-490 Downloads View citations (104)
    See also Working Paper (1997)
  4. Optimal Fiscal Policy in a Business Cycle Model with Public Capital
    Canadian Journal of Economics, 1998, 31, (2), 337-364 Downloads View citations (50)
  5. Optimal fiscal policy, public capital, and the productivity slowdown
    Journal of Economic Dynamics and Control, 1998, 22, (6), 911-935 Downloads View citations (49)
    See also Working Paper (1995)

1997

  1. Tax structure and welfare in a model of optimal fiscal policy
    Economic Review, 1997, (Q I), 11-23 Downloads View citations (13)

1996

  1. Social Security: are we getting our money's worth?
    Economic Commentary, 1996, (Jan) Downloads

1995

  1. Computable General Equilibrium Models and Monetary Policy Advice
    Journal of Money, Credit and Banking, 1995, 27, (4), 1472-93 Downloads View citations (15)
    Also in Proceedings, 1994, 1472-1505 (1994) View citations (1)

    See also Working Paper (1995)
  2. Is public capital productive? A review of the evidence
    Economic Commentary, 1995, (Mar) View citations (2)

1994

  1. Tax structure, optimal fiscal policy, and the business cycle
    Economic Review, 1994, (Q IV), 2-14 Downloads View citations (1)

Books

2013

  1. Property Prices and Real Estate Financing in a Turbulent World
    SUERF Studies, SUERF - The European Money and Finance Forum Downloads View citations (2)

Software Items

2008

  1. Code for "Time Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article in Review of Economic Dynamics (2009)
 
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