Details about Zheng Liu

Homepage:	http://www.frbsf.org/economic-research/economists/zheng-liu/
Phone:	415-974-3328
Postal address:	Federal Reserve Bank of San Francisco, 101 Market Street, MS 1130, San Francisco, CA 94105
Workplace:	Economic Research, Federal Reserve Bank of San Francisco, (more information at EDIRC)

Access statistics for papers by Zheng Liu.

Last updated 2024-12-06. Update your information in the RePEc Author Service.

Short-id: pli18

---

Jump to Journal Articles Software Items

Working Papers

2024

1. Inflation Disagreement Weakens the Power of Monetary Policy
   Working Paper Series, Federal Reserve Bank of San Francisco
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2024)
2. Reshoring, Automation, and Labor Markets Under Trade Uncertainty
   Working Paper Series, Federal Reserve Bank of San Francisco
3. The Crowding-In Effects of Local Government Debt in China
   Working Paper Series, Federal Reserve Bank of San Francisco
4. The Rise of AI Pricing: Trends, Driving Forces, and Implications for Firm Performance
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
   Also in Working Papers, University of Florida, Department of Economics (2024) View citations (1)

2023

5. Targeted Reserve Requirements for Macroeconomic Stabilization
   Working Paper Series, Federal Reserve Bank of San Francisco

2022

6. A Theory of Housing Demand Shocks
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (10)
   Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2019) View citations (7)
   2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (8)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (8)
   See also Journal Article A theory of housing demand shocks, Journal of Economic Theory, Elsevier (2022) View citations (5) (2022)
7. Automation, Bargaining Power, and Labor Market Fluctuations
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
   See also Journal Article Automation, Bargaining Power, and Labor Market Fluctuations, American Economic Journal: Macroeconomics, American Economic Association (2024) View citations (1) (2024)
8. Automation, Market Concentration, and the Labor Share
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
9. Fiscal Stimulus Under Average Inflation Targeting
   Working Paper Series, Federal Reserve Bank of San Francisco

2021

10. Bank risk-taking and monetary policy transmission: Evidence from China
    BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) View citations (5)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (3)
11. Turbulent Business Cycles
    Working Paper Series, Federal Reserve Bank of San Francisco

2020

12. Can Pandemic-Induced Job Uncertainty Stimulate Automation?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
13. Capital Controls and Income Inequality
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
14. Optimal Capital Account Liberalization in China
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (11)
    See also Journal Article Optimal capital account liberalization in China, Journal of Monetary Economics, Elsevier (2021) View citations (12) (2021)

2019

15. Interest-Rate Liberalization and Capital Misallocations
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
    See also Journal Article Interest Rate Liberalization and Capital Misallocations, American Economic Journal: Macroeconomics, American Economic Association (2021) View citations (15) (2021)

2016

16. Measuring the Effects of Dollar Appreciation on Asia: A Favar Approach
    Working Paper Series, Federal Reserve Bank of San Francisco
    See also Journal Article Measuring the effects of dollar appreciation on Asia: A FAVAR approach, Journal of International Money and Finance, Elsevier (2017) View citations (8) (2017)
17. Reserve Requirements and Optimal Chinese Stabilization Policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (15)
    See also Journal Article Reserve requirements and optimal Chinese stabilization policy, Journal of Monetary Economics, Elsevier (2019) View citations (44) (2019)
18. The Slow Job Recovery in a Macro Model of Search and Recruiting Intensity
    2016 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2016) View citations (2)

2015

19. Land Prices and Unemployment
    2015 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2013) View citations (7)
    Working Paper Series, Federal Reserve Bank of San Francisco (2013) View citations (26)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (15)
    See also Journal Article Land prices and unemployment, Journal of Monetary Economics, Elsevier (2016) View citations (38) (2016)

2014

20. Breaking the "Iron Rice Bowl" and Precautionary Savings: Evidence from Chinese State-Owned Enterprises Reform
    2014 Meeting Papers, Society for Economic Dynamics View citations (10)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2014) View citations (1)

2013

21. Capital controls and optimal Chinese monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)
    See also Journal Article Capital controls and optimal Chinese monetary policy, Journal of Monetary Economics, Elsevier (2015) View citations (108) (2015)
22. Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (11)
    See also Journal Article Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy, IMF Economic Review, Palgrave Macmillan (2015) View citations (48) (2015)
23. Temptation and Self-Control: Some Evidence and Applications
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations (7)
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics (2007) View citations (9)
    See also Journal Article Temptation and Self‐Control: Some Evidence and Applications, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (6) (2015)
24. Uncertainty Shocks Are Aggregate Demand Shocks
    2013 Meeting Papers, Society for Economic Dynamics View citations (64)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2012) View citations (29)
    See also Journal Article Uncertainty shocks are aggregate demand shocks, Journal of Monetary Economics, Elsevier (2016) View citations (495) (2016)

2012

25. Land-Price Dynamics and Macroeconomic Fluctuations
    2012 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (35)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2011) View citations (54)
    Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (17)
    See also Journal Article Land‐Price Dynamics and Macroeconomic Fluctuations, Econometrica, Econometric Society (2013) View citations (248) (2013)
26. Technology Shocks in a Two-Sector DSGE Model
    2012 Meeting Papers, Society for Economic Dynamics View citations (10)

2010

27. Do credit constraints amplify macroeconomic fluctuations?
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (9)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (25)
28. Indeterminate credit cycles
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
29. Should the central bank be concerned about housing prices?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article SHOULD THE CENTRAL BANK BE CONCERNED ABOUT HOUSING PRICES?, Macroeconomic Dynamics, Cambridge University Press (2013) View citations (9) (2013)

2009

30. Sources of the Great Moderation: Shocks, Frictions, or Monetary Policy?
    2009 Meeting Papers, Society for Economic Dynamics View citations (11)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (11)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2009) View citations (14)

2008

31. Asymmetric expectation effects of regime shifts in monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    See also Journal Article Asymmetric Expectation Effects of Regime Shifts in Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (57) (2009)
32. Do Nominal Rigidities Matter for the Transmission of Technology Shocks?
    Cahiers de recherche, CIRPEE
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008)
33. Learning, Adaptive Expectations, and Technology Shocks
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (1)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations (1)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2008) View citations (4)
    See also Journal Article Learning, Adaptive Expectations and Technology Shocks, Economic Journal, Royal Economic Society (2009) View citations (39) (2009)

2007

34. Asymmetric Expectation Effects of Regime Shifts and the Great Moderation
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (1)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2007) View citations (2)
35. Investment-specific technological change, skill accumulation, and wage inequality
    Working Papers, Federal Reserve Bank of Minneapolis View citations (5)
    See also Journal Article Investment-Specific Technological Change, Skill Accumulation, and Wage Inequality, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2008) View citations (69) (2008)
36. Macroeconomic Volatility and Monetary Policy Regimes
    2007 Meeting Papers, Society for Economic Dynamics

2005

37. Gains from Coordination in a Multi-Sector Open Economy: Does it Pay to be Different?
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2005) View citations (13)
38. Gains from International Monetary Policy Coordination: Does It Pay to Be Different?
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (20)
    Also in Working Paper Series, European Central Bank (2005) View citations (21)
    See also Journal Article Gains from international monetary policy coordination: Does it pay to be different?, Journal of Economic Dynamics and Control, Elsevier (2008) View citations (29) (2008)
39. Temptation and Self-Control: Some Evidence from the Consumer Expenditure Survey
    2005 Meeting Papers, Society for Economic Dynamics View citations (2)
40. Vertical production and trade interdependence and welfare
    Working Papers, Federal Reserve Bank of Philadelphia

2004

41. Inflation targeting: what inflation rate to target?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (15)
    See also Journal Article Inflation targeting: What inflation rate to target?, Journal of Monetary Economics, Elsevier (2005) View citations (90) (2005)
42. Multiple stages of processing and the quantity anomaly in international business cycle models
    Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2004) View citations (7)
43. Production interdependence and welfare
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (6)
    Also in Working Paper Series, European Central Bank (2004) View citations (5)

2003

44. Inflation to target: what inflation to target?
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (2)

2002

45. Openness and equilibrium determinacy under interest rate rules
    Working Paper Series, European Central Bank View citations (16)
46. Why does the cyclical behavior of real wages change over time?
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (58)
    See also Journal Article Why Does the Cyclical Behavior of Real Wages Change Over Time?, American Economic Review, American Economic Association (2004) View citations (87) (2004)

2001

47. Input-Output Structure and Nominal Staggering: The Persistence Problem Revisited
    Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal View citations (8)
48. On the Transmission of Monetary Policy Shocks
    Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal View citations (10)

2000

49. Vertical International Trade as a Monetary Transmission Mechanism in an Open Economy
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (4)
    Also in Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal (2000) View citations (4)
    Working Papers, Utah State University, Department of Economics View citations (4)

1999

50. Chain of Production as a Monetary Propagation Mechanism
    Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal View citations (6)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1999) View citations (6)
51. Staggered Contracts and Business Cycle Persistence
    Working Papers, Minnesota - Center for Economic Research View citations (11)
    Also in Cahiers de recherche CREFE / CREFE Working Papers, CREFE, Université du Québec à Montréal (1998) View citations (16)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1998) View citations (23)
    Working Papers, Utah State University, Department of Economics

Undated

52. Input-output structure and the general equilibrium dynamics of inflation and output
    Working Papers, Utah State University, Department of Economics View citations (1)
53. Staggered contracts, intermediate goods and the dynamic effects of monetary shocks on output, inflation and real wages
    Working Papers, Utah State University, Department of Economics View citations (2)
54. Staggered price-setting, staggered wage-setting, and business cycle persistence
    Working Papers, Utah State University, Department of Economics
    See also Journal Article Staggered price-setting, staggered wage-setting, and business cycle persistence, Journal of Monetary Economics, Elsevier (2002) View citations (160) (2002)

Journal Articles

2024

1. Are Markups Driving the Ups and Downs of Inflation?
   FRBSF Economic Letter, 2024, 2024, (12), 5
2. Automation, Bargaining Power, and Labor Market Fluctuations
   American Economic Journal: Macroeconomics, 2024, 16, (4), 311-49 View citations (1)
   See also Working Paper Automation, Bargaining Power, and Labor Market Fluctuations, Working Paper Series (2022) View citations (3) (2022)

2023

3. Can Monetary Policy Tame Rent Inflation?
   FRBSF Economic Letter, 2023, 2023, (04), 6 View citations (1)
4. Capital flows and income inequality
   Journal of International Economics, 2023, 144, (C) View citations (5)
5. Global Supply Chain Pressures and U.S. Inflation
   FRBSF Economic Letter, 2023, 2023, (14), 6

2022

6. 2021 Asia economic policy conference: Macroeconomic policy and global economic recovery conference summary
   Journal of International Money and Finance, 2022, 127, (C)
7. A theory of housing demand shocks
   Journal of Economic Theory, 2022, 203, (C) View citations (5)
   See also Working Paper A Theory of Housing Demand Shocks, Working Paper Series (2022) View citations (10) (2022)

2021

8. Capital Flow Surges and Rising Income Inequality
   FRBSF Economic Letter, 2021, 2021, (09), 01-05
9. Do Households Expect Inflation When Commodities Surge?
   FRBSF Economic Letter, 2021, 2021, (19), 06 View citations (4)
10. Fiscal Multiplier at the Zero Bound: Evidence from Japan
    FRBSF Economic Letter, 2021, 2021, (14), 01-05 View citations (1)
11. Interest Rate Liberalization and Capital Misallocations
    American Economic Journal: Macroeconomics, 2021, 13, (2), 373-419 View citations (15)
    See also Working Paper Interest-Rate Liberalization and Capital Misallocations, Working Paper Series (2019) View citations (3) (2019)
12. Optimal capital account liberalization in China
    Journal of Monetary Economics, 2021, 117, (C), 1041-1061 View citations (12)
    See also Working Paper Optimal Capital Account Liberalization in China, Working Paper Series (2020) View citations (11) (2020)

2020

13. The Uncertainty Channel of the Coronavirus
    FRBSF Economic Letter, 2020, 2020, (07), 05 View citations (41)
14. The Weak Job Recovery in a Macro Model of Search and Recruiting Intensity
    American Economic Journal: Macroeconomics, 2020, 12, (1), 310-43 View citations (29)

2019

15. Are Workers Losing to Robots?
    FRBSF Economic Letter, 2019 View citations (1)
16. Reserve requirements and optimal Chinese stabilization policy
    Journal of Monetary Economics, 2019, 103, (C), 33-51 View citations (44)
    See also Working Paper Reserve Requirements and Optimal Chinese Stabilization Policy, Working Paper Series (2016) View citations (15) (2016)

2018

17. Breaking the “iron rice bowl:” Evidence of precautionary savings from the chinese state-owned enterprises reform
    Journal of Monetary Economics, 2018, 94, (C), 94-113 View citations (10)
18. Is GDP Overstating Economic Activity?
    FRBSF Economic Letter, 2018 View citations (2)

2017

19. Measuring the effects of dollar appreciation on Asia: A FAVAR approach
    Journal of International Money and Finance, 2017, 74, (C), 353-370 View citations (8)
    See also Working Paper Measuring the Effects of Dollar Appreciation on Asia: A Favar Approach, Working Paper Series (2016) (2016)
20. Reserve Requirements as a Chinese Macro Policy Tool
    FRBSF Economic Letter, 2017 View citations (1)

2016

21. Asymmetric impacts of European transmission network development towards 2050: Stakeholder assessment based on IRENE-40 scenarios
    Energy Economics, 2016, 53, (C), 261-269 View citations (3)
22. Land prices and unemployment
    Journal of Monetary Economics, 2016, 80, (C), 86-105 View citations (38)
    See also Working Paper Land Prices and Unemployment, 2015 Meeting Papers (2015) View citations (1) (2015)
23. Slow Credit Recovery and Excess Returns on Capital
    FRBSF Economic Letter, 2016 View citations (1)
24. Uncertainty shocks are aggregate demand shocks
    Journal of Monetary Economics, 2016, 82, (C), 20-35 View citations (495)
    See also Working Paper Uncertainty Shocks Are Aggregate Demand Shocks, 2013 Meeting Papers (2013) View citations (64) (2013)

2015

25. Capital controls and optimal Chinese monetary policy
    Journal of Monetary Economics, 2015, 74, (C), 1-15 View citations (108)
    See also Working Paper Capital controls and optimal Chinese monetary policy, Working Paper Series (2013) View citations (6) (2013)
26. China in the global economy. SF Fed President John Williams talks with Zheng Liu, Mark Spiegel, and Fernanda Nechio of the international research team about China's economic slowdown and how it's affecting global economic activity
    Annual Report, 2015, 07-07
27. Discussion of Notarpietro and Siviero
    Journal of Money, Credit and Banking, 2015, 47, (S1), 411-417 View citations (2)
28. Is China’s growth miracle over?
    FRBSF Economic Letter, 2015 View citations (3)
29. Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy
    IMF Economic Review, 2015, 63, (2), 298-324 View citations (48)
    See also Working Paper Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy, Working Paper Series (2013) View citations (11) (2013)
30. Temptation and Self‐Control: Some Evidence and Applications
    Journal of Money, Credit and Banking, 2015, 47, (4), 581-615 View citations (6)
    See also Working Paper Temptation and Self-Control: Some Evidence and Applications, Working Paper Series (2013) View citations (5) (2013)

2014

31. Credit Constraints and Self-Fulfilling Business Cycles
    American Economic Journal: Macroeconomics, 2014, 6, (1), 32-69 View citations (73)
32. Global aging: more headwinds for U.S. stocks?
    FRBSF Economic Letter, 2014
33. Job uncertainty and Chinese household savings
    FRBSF Economic Letter, 2014 View citations (3)

2013

34. Land‐Price Dynamics and Macroeconomic Fluctuations
    Econometrica, 2013, 81, (3), 1147-1184 View citations (248)
    See also Working Paper Land-Price Dynamics and Macroeconomic Fluctuations, 2012 Meeting Papers (2012) View citations (2) (2012)
35. SHOULD THE CENTRAL BANK BE CONCERNED ABOUT HOUSING PRICES?
    Macroeconomic Dynamics, 2013, 17, (1), 29-53 View citations (9)
    See also Working Paper Should the central bank be concerned about housing prices?, Working Paper Series (2010) View citations (2) (2010)
36. The Transmission of Productivity Shocks: What Do We Learn About DSGE Modeling?
    Annals of Economics and Statistics, 2013, (109-110), 283-304 View citations (3)
37. Uncertainty and the slow labor market recovery
    FRBSF Economic Letter, 2013, (july22) View citations (6)

2012

38. External shocks and China’s monetary policy
    FRBSF Economic Letter, 2012, (dec3)
39. Uncertainty, unemployment, and inflation
    FRBSF Economic Letter, 2012, (sep17) View citations (18)

2011

40. Boomer retirement: headwinds for U.S. equity markets?
    FRBSF Economic Letter, 2011, (aug22) View citations (12)
41. Does headline inflation converge to core?
    FRBSF Economic Letter, 2011, (aug1) View citations (7)
42. Sources of macroeconomic fluctuations: A regime‐switching DSGE approach
    Quantitative Economics, 2011, 2, (2), 251-301 View citations (131)

2010

43. Inflation: mind the gap
    FRBSF Economic Letter, 2010, (jan19) View citations (11)

2009

44. Asymmetric Expectation Effects of Regime Shifts in Monetary Policy
    Review of Economic Dynamics, 2009, 12, (2), 284-303 View citations (57)
    See also Working Paper Asymmetric expectation effects of regime shifts in monetary policy, Working Paper Series (2008) View citations (8) (2008)
    Software Item Code files for "Asymmetric Expectation Effects of Regime Shifts in Monetary Policy", Computer Codes (2009) (2009)
45. Learning, Adaptive Expectations and Technology Shocks
    Economic Journal, 2009, 119, (536), 377-405 View citations (39)
    Also in Economic Journal, 2009, 119, (536), 377-405 (2009) View citations (29)
    See also Working Paper Learning, Adaptive Expectations, and Technology Shocks, Vanderbilt University Department of Economics Working Papers (2008) View citations (1) (2008)

2008

46. Gains from international monetary policy coordination: Does it pay to be different?
    Journal of Economic Dynamics and Control, 2008, 32, (7), 2085-2117 View citations (29)
    See also Working Paper Gains from International Monetary Policy Coordination: Does It Pay to Be Different?, Computing in Economics and Finance 2005 (2005) View citations (20) (2005)
47. Investment-Specific Technological Change, Skill Accumulation, and Wage Inequality
    Review of Economic Dynamics, 2008, 11, (2), 314-334 View citations (69)
    See also Working Paper Investment-specific technological change, skill accumulation, and wage inequality, Working Papers (2007) View citations (5) (2007)

2007

48. Business cycles with staggered prices and international trade in intermediate inputs
    Journal of Monetary Economics, 2007, 54, (4), 1271-1289 View citations (46)
49. Technology shocks and labor market dynamics: Some evidence and theory
    Journal of Monetary Economics, 2007, 54, (8), 2534-2553 View citations (43)

2006

50. Sellers' local currency pricing or buyers' local currency pricing: does it matter for international welfare analysis?
    Journal of Economic Dynamics and Control, 2006, 30, (7), 1183-1213 View citations (21)

2005

51. Does trade openness matter for aggregate instability?
    Journal of Economic Dynamics and Control, 2005, 29, (7), 1165-1192 View citations (68)
52. Inflation targeting: What inflation rate to target?
    Journal of Monetary Economics, 2005, 52, (8), 1435-1462 View citations (90)
    See also Working Paper Inflation targeting: what inflation rate to target?, Working Papers (2004) View citations (15) (2004)

2004

53. INPUT–OUTPUT STRUCTURE AND NOMINAL RIGIDITY: THE PERSISTENCE PROBLEM REVISITED
    Macroeconomic Dynamics, 2004, 8, (2), 188-206 View citations (16)
54. Why Does the Cyclical Behavior of Real Wages Change Over Time?
    American Economic Review, 2004, 94, (4), 836-856 View citations (87)
    See also Working Paper Why does the cyclical behavior of real wages change over time?, Research Working Paper (2002) View citations (58) (2002)

2002

55. Staggered price-setting, staggered wage-setting, and business cycle persistence
    Journal of Monetary Economics, 2002, 49, (2), 405-433 View citations (160)
    See also Working Paper Staggered price-setting, staggered wage-setting, and business cycle persistence, Working Papers

2001

56. Production chains and general equilibrium aggregate dynamics
    Journal of Monetary Economics, 2001, 48, (2), 437-462 View citations (98)

2000

57. Seasonal cycles, business cycles, and monetary policy
    Journal of Monetary Economics, 2000, 46, (2), 441-464 View citations (6)

Software Items

2009

1. Code files for "Asymmetric Expectation Effects of Regime Shifts in Monetary Policy"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Asymmetric Expectation Effects of Regime Shifts in Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (57) (2009)