Details about Albert Marcet

E-mail:
Homepage:	http://www.iae.csic.es/investigadorPersonalAbout.php?idinvestigador=137&lang=ing
Postal address:	Department of Economics Drayton House 30 Gordon Street London WC1H 0AX, UK United Kingdom
Workplace:	Department of Economics, University College London (UCL), (more information at EDIRC) Barcelona Graduate School of Economics (Barcelona GSE), (more information at EDIRC)

Access statistics for papers by Albert Marcet.

Last updated 2019-12-03. Update your information in the RePEc Author Service.

Short-id: pma173

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Working Papers

2019

1. A Short Note on Optimal Debt Management under Asymmetric Information
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
2. Long Term Government Bonds
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (2)
   Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (6)
3. On the Risk of Leaving the Euro
   Working Papers, Federal Reserve Bank of Minneapolis

2016

4. Optimal Policy with General Signal Extraction
   Working Papers, Barcelona Graduate School of Economics
5. Pareto-Improving Optimal Capital and Labor Taxes
   Working Papers, Barcelona Graduate School of Economics View citations (6)
   Also in UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (2008) View citations (5)
   Working Papers, Barcelona Graduate School of Economics (2008) View citations (3)
   2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (1)

2015

6. Can a Financial Transaction Tax Prevent Stock Price Booms?
   Working Papers, Barcelona Graduate School of Economics View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (2)
   Working Papers, University of Mannheim, Department of Economics (2015) View citations (1)
   See also Journal Article in Journal of Monetary Economics (2015)
7. Stock Market Volatility and Learning
   Working Papers, Federal Reserve Bank of Minneapolis View citations (9)
   Also in Working Papers, Barcelona Graduate School of Economics (2014) View citations (9)
   CEP Discussion Papers, Centre for Economic Performance, LSE (2011)
   Working Papers, University of Mannheim, Department of Economics (2012) View citations (10)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (11)
   UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (2008) View citations (19)
   Working Paper Series, European Central Bank (2008) View citations (20)
   See also Journal Article in Journal of Finance (2016)
8. Stock Price Booms and Expected Capital Gains
   Working Papers, Barcelona Graduate School of Economics View citations (8)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (39)
   UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (2014) View citations (10)
   Working Papers, University of Mannheim, Department of Economics (2014) View citations (10)
   See also Journal Article in American Economic Review (2017)

2014

9. Contrasting Bayesian and Frequentist Approaches to Autoregressions: the Role of the Initial Condition
   Working Papers, Barcelona Graduate School of Economics
10. Government Debt Management: The Long and the Short of It
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
11. Government Debt Management: The Long and the Short of It (Plus Appendix)
    Working Papers, Barcelona Graduate School of Economics View citations (3)
12. Modelling Long Bonds - The Case of Optimal Fiscal Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
13. Optimal Policy with Endogenous Signal Extraction
    2014 Meeting Papers, Society for Economic Dynamics

2013

14. Online Appendix to "Priors about Observables in Vector Autoregressions"
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations (1)
    Also in Working Papers, Barcelona Graduate School of Economics (2013) View citations (1)
15. Priors about Observables in Vector Autoregressions
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations (1)
    Also in Working Papers, Barcelona Graduate School of Economics (2013) View citations (1)
    See also Journal Article in Journal of Econometrics (2019)

2012

16. The Impact of Debt Levels and Debt Maturity on Inflation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article in Economic Journal (2013)

2011

17. Autoregressions in Small Samples, Priors about Observables and Initial Conditions
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (7)
    Also in Working Paper Series, European Central Bank (2010) View citations (5)
18. Booms and Busts in Asset Prices
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (8)
    Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2010) View citations (11)
19. House Price Booms and the Current Account
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (68)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (51)
    See also Journal Article in NBER Macroeconomics Annual (2012)
    Chapter (2011)
20. In Search of a Theory of Debt Management
    CEP Discussion Papers, Centre for Economic Performance, LSE
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (7)
    Working Papers, Barcelona Graduate School of Economics (2008) View citations (2)
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (2008) View citations (7)
    See also Journal Article in Journal of Monetary Economics (2010)
21. Internal Rationality, Imperfect Market Knowledge and Asset Prices
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (57)
    See also Journal Article in Journal of Economic Theory (2011)
22. Recursive Contracts
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (31)
    Also in Economics Working Papers, European University Institute (1998) View citations (70)
    Economics Working Papers, European University Institute (2011) View citations (32)
    Working Papers, Barcelona Graduate School of Economics (2011) View citations (28)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1998) View citations (82)
    See also Journal Article in Econometrica (2019)

2010

23. Convergence of Least Squares Learning in Environments With Private Information
    Levine's Working Paper Archive, David K. Levine
24. Equity Issuance and Divident Policy under Commitment
    Department of Economics Working Papers, Stony Brook University, Department of Economics

2009

25. Debt Management under Incomplete Markets and Transaction Costs
    2009 Meeting Papers, Society for Economic Dynamics
26. Internal Rationality and Asset Prices
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
27. Money, Prices and Monetary Policy
    2009 Meeting Papers, Society for Economic Dynamics
28. Polarization under incomplete markets and endogenous labor productivity
    2009 Meeting Papers, Society for Economic Dynamics
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (1)

2008

29. Equity Financing
    2008 Meeting Papers, Society for Economic Dynamics View citations (2)

2007

30. A note on borrowing limits and welfare
    2007 Meeting Papers, Society for Economic Dynamics
31. Debt and Deficit Fluctuations and the Structure of Bond Markets
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations (2)
    Also in Working Papers, Barcelona Graduate School of Economics (2007)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (10)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2003) View citations (10)
    Working Papers, Barcelona Graduate School of Economics (2003) View citations (2)
    See also Journal Article in Journal of Economic Theory (2009)
32. Fiscal Insurance and Debt Management in OECD Economies
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (2)
    Working Papers, Barcelona Graduate School of Economics (2007)
    See also Journal Article in Economic Journal (2008)
33. Incomplete Markets, Labor Supply and Capital Accumulation
    Sciences Po publications, Sciences Po View citations (21)
    Also in Sciences Po publications, Sciences Po (2003)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2003) View citations (47)
    Working Papers, Barcelona Graduate School of Economics (2003) View citations (10)
    See also Journal Article in Journal of Monetary Economics (2007)
34. Labor supply, precautionary saving and growth
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles

2006

35. Debt Management Under Complete Markets
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)
36. Learning and Stock Market Volatility
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (10)

2005

37. Money and Prices in Models of Bounded Rationality in High Inflation Economies
    Working Papers, Barcelona Graduate School of Economics View citations (5)
    Also in Working Paper Series, European Central Bank (2005) View citations (5)
    Working Papers, Barcelona Graduate School of Economics (2004)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2005) View citations (6)
    See also Journal Article in Review of Economic Dynamics (2005)

2004

38. Optimal Capital Tax and Debt Policy Under Incomplete Asset Markets
    Computing in Economics and Finance 2004, Society for Computational Economics
39. The HP-Filter in Cross-Country Comparisons
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2003) View citations (7)
    Studies on the Spanish Economy, FEDEA View citations (17)
    Working Papers, Barcelona Graduate School of Economics (2003) View citations (5)
    See also Software Item (2001)

2003

40. Money and prices in models of bounded rationality
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2001

41. Optimal taxation without state-contingent debt
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (57)
    See also Journal Article in Journal of Political Economy (2002)
42. Recurrent hyperinflations and learning
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (1)
    Also in Working Papers, Centro de Estudios Monetarios Y Financieros- (1997) View citations (4)
    Working Papers, CEMFI (1997)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (19)
    See also Journal Article in American Economic Review (2003)

2000

43. THE FISCAL COSTS OF DEBT LIMITS
    Computing in Economics and Finance 2000, Society for Computational Economics

1999

44. The poor stay poor: Non-convergence across countries and regions
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (21)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (107)

1998

45. Equilibrium asset prices and savings of heterogeneous agents in the presence of incomplete markets and portfolio constraints
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (20)
    See also Journal Article in Macroeconomic Dynamics (1999)
46. Parameterized expectations approach; Some practical issues
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (17)
    See also Software Item (1998)

1995

47. Supply side interventions and redistribution
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (35)
    See also Journal Article in Economic Journal (2010)

1994

48. Solving nonlinear rational expectations models by parameterized expectations: Convergence to stationary solutions
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (18)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1994) View citations (23)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994) View citations (18)

1993

49. Accuracy in simulations
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (8)
    See also Journal Article in Review of Economic Studies (1994)
50. Growth, capital flows and enforcement constaints: The case of Africa
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (3)
    See also Journal Article in European Economic Review (1993)

1992

51. Communication, commitment, and growth
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (98)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1991)
    See also Journal Article in Journal of Economic Theory (1992)
52. Convergence of approximate model solutions to rational expectation equilibria using the method of parameterized expectations
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (4)
53. Speed of convergence of recursive least squares learning with ARMA perceptions
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (4)

1991

54. Simulation analysis of dynamic stochastic models: Applications to theory and estimation
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (8)
55. Solving non-linear stochastic models by parameterizing expectations: An application to asset pricing with production
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (1)

Journal Articles

2019

1. Priors about observables in vector autoregressions
   Journal of Econometrics, 2019, 209, (2), 238-255
   See also Working Paper (2013)
2. Recursive Contracts
   Econometrica, 2019, 87, (5), 1589-1631
   See also Working Paper (2011)

2017

3. Stock Price Booms and Expected Capital Gains
   American Economic Review, 2017, 107, (8), 2352-2408 View citations (18)
   See also Working Paper (2015)

2016

4. Stock Market Volatility and Learning
   Journal of Finance, 2016, 71, (1), 33-82 View citations (19)
   See also Working Paper (2015)

2015

5. Can a financial transaction tax prevent stock price booms?
   Journal of Monetary Economics, 2015, 76, (S), S90-S109 View citations (1)
   See also Working Paper (2015)

2013

6. El nuevo reto en Macroeconomía: la modelización y la medición de expectativas
   Boletín Económico, 2013, (JUL)
7. The Impact of Debt Levels and Debt Maturity on Inflation
   Economic Journal, 2013, F164-F192 View citations (12)
   See also Working Paper (2012)

2012

8. House Price Booms and the Current Account
   NBER Macroeconomics Annual, 2012, 26, (1), 77 - 122 View citations (40)
   See also Working Paper (2011)
   Chapter (2011)

2011

9. Internal rationality, imperfect market knowledge and asset prices
   Journal of Economic Theory, 2011, 146, (3), 1224-1252 View citations (54)
   See also Working Paper (2011)

2010

10. In search of a theory of debt management
    Journal of Monetary Economics, 2010, 57, (7), 821-836 View citations (40)
    See also Working Paper (2011)
11. Supply Side Interventions and Redistribution
    Economic Journal, 2010, 120, (543), 105-130 View citations (26)
    See also Working Paper (1995)

2009

12. Debt and deficit fluctuations and the structure of bond markets
    Journal of Economic Theory, 2009, 144, (2), 473-501 View citations (15)
    See also Working Paper (2007)

2008

13. Fiscal Insurance and Debt Management in OECD Economies
    Economic Journal, 2008, 118, (527), 363-386 View citations (20)
    See also Working Paper (2007)

2007

14. Incomplete markets, labor supply and capital accumulation
    Journal of Monetary Economics, 2007, 54, (8), 2621-2635 View citations (26)
    See also Working Paper (2007)

2005

15. Money and Prices in Models of Bounded Rationality in High Inflation Economies
    Review of Economic Dynamics, 2005, 8, (2), 452-479 View citations (4)
    See also Working Paper (2005)

2003

16. Recurrent Hyperinflations and Learning
    American Economic Review, 2003, 93, (5), 1476-1498 View citations (105)
    See also Working Paper (2001)

2002

17. Optimal Taxation without State-Contingent Debt
    Journal of Political Economy, 2002, 110, (6), 1220-1254 View citations (249)
    See also Working Paper (2001)

1999

18. EQUILIBRIUM ASSET PRICES AND SAVINGS OF HETEROGENEOUS AGENTS IN THE PRESENCE OF INCOMPLETE MARKETS AND PORTFOLIO CONSTRAINTS
    Macroeconomic Dynamics, 1999, 3, (2), 243-277 View citations (22)
    See also Working Paper (1998)

1994

19. Accuracy in Simulations
    Review of Economic Studies, 1994, 61, (1), 3-17 View citations (117)
    See also Working Paper (1993)

1993

20. Growth, capital flows and enforcement constraints: The case of Africa
    European Economic Review, 1993, 37, (2-3), 418-425 View citations (7)
    See also Working Paper (1993)

1992

21. Communication, commitment, and growth
    Journal of Economic Theory, 1992, 58, (2), 219-249 View citations (69)
    See also Working Paper (1992)

1990

22. Solving the Stochastic Growth Model by Parameterizing Expectations
    Journal of Business & Economic Statistics, 1990, 8, (1), 31-34 View citations (164)
    See also Software Item (1990)

1989

23. Convergence of Least-Squares Learning in Environments with Hidden State Variables and Private Information
    Journal of Political Economy, 1989, 97, (6), 1306-22 View citations (105)
24. Convergence of least squares learning mechanisms in self-referential linear stochastic models
    Journal of Economic Theory, 1989, 48, (2), 337-368 View citations (372)

1988

25. The Fate of Systems with "Adaptive" Expectations
    American Economic Review, 1988, 78, (2), 168-72 View citations (34)

Chapters

2012

1. Debt management and optimal fiscal policy with long bonds
   A chapter in Threat of fiscal dominance?, 2012, vol. 65, pp 177-212 View citations (4)

2011

2. House Price Booms and the Current Account
   A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 77-122 View citations (51)
   See also Journal Article in NBER Macroeconomics Annual (2012)
   Working Paper (2011)

Software Items

2001

1. GAUSS code for the HP-filter reformulated as a constrained minimization problem
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
   See also Working Paper (2004)

1998

2. The Parameterized Expectations Approach: Some Practical Issues
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles View citations (20)
   See also Working Paper (1998)

1990

3. FORTRAN code for Simulation Parameterized Expecations Algorithm
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
   See also Journal Article in Journal of Business & Economic Statistics (1990)