Details about Ellen R. McGrattan

Homepage:	http://www.econ.umn.edu/~erm
Postal address:	Department of Economics University of Minnesota 4-101 Hanson Hall 1925 Fourth Street South Minneapolis, MN 55455
Workplace:	Department of Economics, University of Minnesota, (more information at EDIRC) Research Department, Federal Reserve Bank of Minneapolis, (more information at EDIRC)

Access statistics for papers by Ellen R. McGrattan.

Last updated 2023-03-14. Update your information in the RePEc Author Service.

Short-id: pmc46

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Working Papers

2024

1. On the Nature of Entrepreneurship
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

2. Taxes, Regulations, and the Value of U.S. Corporations: A Reassessment
   Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
   See also Journal Article Taxes, Regulations, and the Value of U.S. Corporations: A Reassessment, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) View citations (1) (2023)

2022

3. Building Mentorships and Camaraderie in Economics
   On the Economy, Federal Reserve Bank of St. Louis

2020

4. Online Appendix: Sweat Equity in U.S. Private Business
   Staff Report, Federal Reserve Bank of Minneapolis
5. What Do Survey Data Tell Us about US Businesses?
   Working Papers, Federal Reserve Bank of St. Louis View citations (8)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2018)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (6)
   Staff Working Papers, Bank of Canada (2019) View citations (4)
   2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (4)
   See also Journal Article What Do Survey Data Tell Us about US Businesses?, American Economic Review: Insights, American Economic Association (2020) View citations (13) (2020)

2019

6. Data Appendix: What Do Survey Data Tell Us about U.S. Businesses?
   Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
7. On Financing Retirement, Health Care, and Long-Term Care in Japan
   Staff Report, Federal Reserve Bank of Minneapolis

2018

8. Health Capital Taxation
   2018 Meeting Papers, Society for Economic Dynamics View citations (1)
9. On Financing Retirement, Health, and Long-term Care in Japan
   IMF Working Papers, International Monetary Fund View citations (2)
10. Sweat Equity in U.S. Private Business
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in 2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (8)
    Staff Report, Federal Reserve Bank of Minneapolis (2017)

2017

11. Intangible Capital and Measured Productivity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2017) View citations (17)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (3)
    See also Journal Article Intangible Capital and Measured Productivity, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (24) (2020)
12. The Imact of Brexit on Foreign Investment and Production
    2017 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (22)
    Staff Report, Federal Reserve Bank of Minneapolis (2017) View citations (5)
    See also Journal Article The Impact of Brexit on Foreign Investment and Production, American Economic Journal: Macroeconomics, American Economic Association (2020) View citations (48) (2020)

2016

13. Accounting for Business Cycles
    Staff Report, Federal Reserve Bank of Minneapolis View citations (40)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (59)
    See also Chapter Accounting for Business Cycles, Handbook of Macroeconomics, Elsevier (2016) View citations (67) (2016)
14. An Aggregate Model for Policy Analysis with Demographic Change
    Staff Report, Federal Reserve Bank of Minneapolis
    See also Journal Article An aggregate model for policy analysis with demographic change, The Journal of the Economics of Ageing, Elsevier (2018) View citations (4) (2018)
15. China’s Foreign Investment
    Economic Policy Paper, Federal Reserve Bank of Minneapolis

2015

16. Innovation and Productivity
    2015 Meeting Papers, Society for Economic Dynamics View citations (2)
17. Monetary Policy and Employment
    Economic Policy Paper, Federal Reserve Bank of Minneapolis
18. Taxing Wealth
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (7)
19. The Costs of Quid Pro Quo
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (3)

2014

20. A Reassessment of Real Business Cycle Theory
    Staff Report, Federal Reserve Bank of Minneapolis View citations (43)
    See also Journal Article A Reassessment of Real Business Cycle Theory, American Economic Review, American Economic Association (2014) View citations (48) (2014)
21. The Impact of Intangible Investments on the Macroeconomy
    2014 Meeting Papers, Society for Economic Dynamics

2013

22. On Financing Retirement with an Aging Population
    2013 Meeting Papers, Society for Economic Dynamics View citations (21)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (20)
    See also Journal Article On financing retirement with an aging population, Quantitative Economics, Econometric Society (2017) View citations (40) (2017)
23. Patent data appendix for quid pro quo: Technology capital transfers for market access in China
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
24. Quid Pro Quo: Technology Capital Transfers for Market Access in China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (3)
    See also Journal Article Quid Pro Quo: Technology Capital Transfers for Market Access in China, The Review of Economic Studies, Review of Economic Studies Ltd (2015) View citations (62) (2015)
25. Technical appendix for quid pro quo: Technology capital transfers for market access in China
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)

2012

26. Online Appendix to "Transition to FDI Openness: Reconciling Theory and Evidence"
    Online Appendices, Review of Economic Dynamics View citations (12)
    See also Journal Article Transition to FDI Openness: Reconciling Theory and Evidence, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2012) View citations (17) (2012)
27. Technical appendix: Transition to FDI openness - reconciling theory and evidence
    Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
28. Technical appendix: on financing retirement with an aging population
    Staff Report, Federal Reserve Bank of Minneapolis View citations (4)
29. The Labor Productivity Puzzle
    2012 Meeting Papers, Society for Economic Dynamics View citations (44)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2012) View citations (7)
    See also Chapter The Labor Productivity Puzzle, Book Chapters, Hoover Institution, Stanford University (2012) View citations (44) (2012)
30. Transition to FDI openness: reconciling theory and evidence
    Staff Report, Federal Reserve Bank of Minneapolis View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (5)
    See also Journal Article Transition to FDI Openness: Reconciling Theory and Evidence, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2012) View citations (17) (2012)

2011

31. Capital taxation during the U.S. Great Depression - Technical appendix
    Staff Report, Federal Reserve Bank of Minneapolis
32. On efficiently financing retirement
    Working Papers, Federal Reserve Bank of Minneapolis
33. Technology Capital Transfer
    2011 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (1)

2010

34. Capital Taxation During the U.S. Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2010) View citations (2)
    Working Papers, Federal Reserve Bank of Minneapolis (2010) View citations (2)
    See also Journal Article Capital Taxation During the U.S. Great Depression, The Quarterly Journal of Economics, President and Fellows of Harvard College (2012) View citations (20) (2012)
35. Comment on Christian’s “Human Capital Accounting in the United States: 1994–2006”
    Staff Report, Federal Reserve Bank of Minneapolis
36. Intangible Gains to Openness
    Annual Meeting Plenary, Society for Economic Dynamics

2009

37. Technology capital and the U.S. current account
    Staff Report, Federal Reserve Bank of Minneapolis View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (3)
    Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (1)
    2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (1)
    Levine's Bibliography, UCLA Department of Economics (2008) View citations (1)
    See also Journal Article Technology Capital and the US Current Account, American Economic Review, American Economic Association (2010) View citations (65) (2010)
38. Technology capital and the U.S. current account (appendices)
    Staff Report, Federal Reserve Bank of Minneapolis
39. Transition to FDI Openness
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2009)
40. Unmeasured investment and the puzzling U.S. boom in the 1990s
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (8)
    See also Journal Article Unmeasured Investment and the Puzzling US Boom in the 1990s, American Economic Journal: Macroeconomics, American Economic Association (2010) View citations (92) (2010)
41. Unmeasured investment and the puzzling U.S. boom in the 1990s (technical appendix)
    Staff Report, Federal Reserve Bank of Minneapolis View citations (6)

2008

42. Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (205)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) 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) View citations (210) (2008)
43. Does neoclassical theory account for the effects of big fiscal shocks? Evidence from World War II
    Staff Report, Federal Reserve Bank of Minneapolis View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (8)
44. New Keynesian Models: Not Yet Useful for Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) View citations (27)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (28)
    See also Journal Article New Keynesian Models: Not Yet Useful for Policy Analysis, American Economic Journal: Macroeconomics, American Economic Association (2009) View citations (309) (2009)
45. Openness, Technology Capital, and Development
    2008 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (11)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (5)
    See also Journal Article Openness, technology capital, and development, Journal of Economic Theory, Elsevier (2009) View citations (97) (2009)

2007

46. Changes in the distribution of family hours worked since 1950
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
47. Comparing alternative representations and alternative methodologies in business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (22)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006)

2006

48. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (16)
49. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis View citations (29)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002) View citations (42)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (84)
    Levine's Bibliography, UCLA Department of Economics (2004) View citations (40)
    Levine's Bibliography, UCLA Department of Economics (2003) View citations (8)
    See also Journal Article Business Cycle Accounting, Econometrica, Econometric Society (2007) View citations (584) (2007)
50. Measurement with Minimal Theory
    2006 Meeting Papers, Society for Economic Dynamics View citations (5)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006) View citations (2)
    See also Journal Article Measurement with minimal theory, Quarterly Review, Federal Reserve Bank of Minneapolis (2010) View citations (7) (2010)
51. Real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis View citations (16)
52. Why Did U.S. Market Hours Boom in the 1990s?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (1)

2005

53. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations (78)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations (39)
54. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics View citations (27)
55. Expensed and sweat equity
    Working Papers, Federal Reserve Bank of Minneapolis View citations (4)
56. Productivity and the Post-1990 U.S. Economy
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (1)
    Levine's Bibliography, UCLA Department of Economics (2004) View citations (2)
    See also Journal Article Productivity and the post-1990 U.S. economy, Review, Federal Reserve Bank of St. Louis (2005) View citations (1) (2005)
57. Sudden Stops and Output Drops
    Levine's Bibliography, UCLA Department of Economics View citations (127)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (128)
    Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (108)
    See also Journal Article Sudden Stops and Output Drops, American Economic Review, American Economic Association (2005) View citations (130) (2005)
58. Taxes, regulations, and the value of U.S. and U.K. corporations
    Staff Report, Federal Reserve Bank of Minneapolis View citations (144)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations (26)
    See also Journal Article Taxes, Regulations, and the Value of U.S. and U.K. Corporations, The Review of Economic Studies, Review of Economic Studies Ltd (2005) View citations (97) (2005)

2004

59. Comment on Gali and Rabanal's "Technology shocks and aggregate fluctuations: how well does the RBC model fit postwar U.S. data?"
    Staff Report, Federal Reserve Bank of Minneapolis View citations (11)
60. Comment on Mendoza and Tesar's "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU"
    Staff Report, Federal Reserve Bank of Minneapolis
61. Predictions of the Price of Capital
    2004 Meeting Papers, Society for Economic Dynamics

2003

62. Average Debt and Equity Returns: Puzzling?
    Levine's Working Paper Archive, David K. Levine View citations (129)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (130)
    See also Journal Article Average Debt and Equity Returns: Puzzling?, American Economic Review, American Economic Association (2003) View citations (130) (2003)
63. The 1929 stock market: Irving Fisher was right
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    See also Journal Article THE 1929 STOCK MARKET: IRVING FISHER WAS RIGHT, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2004) View citations (13) (2004)
64. Why are married women working so much?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (105)
    See also Journal Article Why Are Married Women Working so much ?, JODE - Journal of Demographic Economics, Cambridge University Press (2015) View citations (64) (2015)

2002

65. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis View citations (62)
66. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (880)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (98)
    Staff Report, Federal Reserve Bank of Minneapolis (1998) 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) View citations (923) (2002)

2001

67. Is the Stock Market Overvalued?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
    See also Journal Article Is the stock market overvalued?, Quarterly Review, Federal Reserve Bank of Minneapolis (2000) View citations (58) (2000)
68. Taxes, Regulations, and Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations (30)
69. The Declining U.S. Equity Premium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Journal Article The declining U.S. equity premium, Quarterly Review, Federal Reserve Bank of Minneapolis (2000) View citations (49) (2000)
70. The Stock Market Crash of 1929: Irving Fisher Was Right!
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

1999

71. Predicting the effects of Federal Reserve policy in a sticky-price model: an analytical approach
    Working Papers, Federal Reserve Bank of Minneapolis View citations (9)
    See also Journal Article Predicting the effects of Federal Reserve policy in a sticky price model: an analytical approach, Proceedings, Federal Reserve Bank of San Francisco (2001) View citations (6) (2001)
72. The macroeconomic effects of big fiscal shocks: the case of World War II
    Working Papers, Federal Reserve Bank of Minneapolis View citations (8)

1998

73. Application of weighted residual methods to dynamic economic models
    Staff Report, Federal Reserve Bank of Minneapolis View citations (20)
74. Comments on Gordon, Leeper, and Zha's trends in velocity and policy expectations
    Staff Report, Federal Reserve Bank of Minneapolis
75. Explaining cross-country income differences
    Staff Report, Federal Reserve Bank of Minneapolis View citations (20)
    See also Chapter Explaining cross-country income differences, Handbook of Macroeconomics, Elsevier (1999) View citations (51) (1999)
76. Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (58)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) 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 (716) (2000)

1997

77. Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (70)
78. The optimum quantity of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (4)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1994) View citations (6)
    See also Journal Article The optimum quantity of debt, Journal of Monetary Economics, Elsevier (1998) View citations (327) (1998)
79. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis View citations (49)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (101)

1995

80. An equilibrium model of the business cycle with household production and fiscal policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
    See also Journal Article An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1997) View citations (351) (1997)
81. On the mechanics of forming and estimating dynamic linear economies
    Staff Report, Federal Reserve Bank of Minneapolis View citations (12)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1994) View citations (51)
    See also Chapter Mechanics of forming and estimating dynamic linear economies, Handbook of Computational Economics, Elsevier (1996) View citations (143) (1996)

1993

82. Household production and taxation in the stochastic growth model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (24)
83. On adaptive learning in strategic games
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (5)
84. Solving the stochastic growth model with a finite element method
    Staff Report, Federal Reserve Bank of Minneapolis View citations (8)
    See also Journal Article Solving the stochastic growth model with a finite element method, Journal of Economic Dynamics and Control, Elsevier (1996) View citations (57) (1996)

1991

85. The macroeconomic effects of distortionary taxation
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (15)
    See also Journal Article The macroeconomic effects of distortionary taxation, Journal of Monetary Economics, Elsevier (1994) View citations (315) (1994)

Journal Articles

2023

1. Taxes, Regulations, and the Value of U.S. Corporations: A Reassessment
   Review of Economic Dynamics, 2023, 50, 131-145 View citations (1)
   See also Working Paper Taxes, Regulations, and the Value of U.S. Corporations: A Reassessment, Staff Report (2023) View citations (1) (2023)

2020

2. Intangible Capital and Measured Productivity
   Review of Economic Dynamics, 2020, 37 Supplement 1, S147-S166 View citations (24)
   See also Working Paper Intangible Capital and Measured Productivity, NBER Working Papers (2017) View citations (18) (2017)
   Software Item Code and data files for "Intangible Capital and Measured Productivity", Computer Codes (2020) (2020)
3. The Impact of Brexit on Foreign Investment and Production
   American Economic Journal: Macroeconomics, 2020, 12, (1), 76-103 View citations (48)
   See also Working Paper The Imact of Brexit on Foreign Investment and Production, 2017 Meeting Papers (2017) View citations (1) (2017)
4. What Do Survey Data Tell Us about US Businesses?
   American Economic Review: Insights, 2020, 2, (4), 443-58 View citations (13)
   See also Working Paper What Do Survey Data Tell Us about US Businesses?, Working Papers (2020) View citations (8) (2020)

2018

5. An aggregate model for policy analysis with demographic change
   The Journal of the Economics of Ageing, 2018, 11, (C), 52-61 View citations (4)
   See also Working Paper An Aggregate Model for Policy Analysis with Demographic Change, Staff Report (2016) (2016)

2017

6. On financing retirement with an aging population
   Quantitative Economics, 2017, 8, (1), 75-115 View citations (40)
   See also Working Paper On Financing Retirement with an Aging Population, 2013 Meeting Papers (2013) View citations (21) (2013)

2015

7. Quid Pro Quo: Technology Capital Transfers for Market Access in China
   The Review of Economic Studies, 2015, 82, (3), 1154-1193 View citations (62)
   See also Working Paper Quid Pro Quo: Technology Capital Transfers for Market Access in China, NBER Working Papers (2013) View citations (12) (2013)
8. Why Are Married Women Working so much ?
   JODE - Journal of Demographic Economics, 2015, 81, (1), 75-114 View citations (64)
   See also Working Paper Why are married women working so much?, Staff Report (2003) View citations (105) (2003)

2014

9. A Reassessment of Real Business Cycle Theory
   American Economic Review, 2014, 104, (5), 177-82 View citations (48)
   See also Working Paper A Reassessment of Real Business Cycle Theory, Staff Report (2014) View citations (43) (2014)

2012

10. Capital Taxation During the U.S. Great Depression
    The Quarterly Journal of Economics, 2012, 127, (3), 1515-1550 View citations (20)
    See also Working Paper Capital Taxation During the U.S. Great Depression, NBER Working Papers (2010) View citations (2) (2010)
11. Transition to FDI Openness: Reconciling Theory and Evidence
    Review of Economic Dynamics, 2012, 15, (4), 437-458 View citations (17)
    See also Software Item Code and data files for "Transition to FDI Openness: Reconciling Theory and Evidence", Computer Codes (2012) (2012)
    Working Paper Online Appendix to "Transition to FDI Openness: Reconciling Theory and Evidence", Online Appendices (2012) View citations (12) (2012)
    Working Paper Transition to FDI openness: reconciling theory and evidence, Staff Report (2012) View citations (10) (2012)

2010

12. Measurement with minimal theory
    Quarterly Review, 2010, (July), 2-13 View citations (7)
    See also Working Paper Measurement with Minimal Theory, 2006 Meeting Papers (2006) View citations (5) (2006)
13. Technology Capital and the US Current Account
    American Economic Review, 2010, 100, (4), 1493-1522 View citations (65)
    See also Working Paper Technology capital and the U.S. current account, Staff Report (2009) View citations (11) (2009)
14. Unmeasured Investment and the Puzzling US Boom in the 1990s
    American Economic Journal: Macroeconomics, 2010, 2, (4), 88-123 View citations (92)
    See also Working Paper Unmeasured investment and the puzzling U.S. boom in the 1990s, Staff Report (2009) View citations (3) (2009)

2009

15. New Keynesian Models: Not Yet Useful for Policy Analysis
    American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 View citations (309)
    See also Working Paper New Keynesian Models: Not Yet Useful for Policy Analysis, NBER Working Papers (2008) View citations (58) (2008)
16. Openness, technology capital, and development
    Journal of Economic Theory, 2009, 144, (6), 2454-2476 View citations (97)
    See also Working Paper Openness, Technology Capital, and Development, 2008 Meeting Papers (2008) View citations (3) (2008)

2008

17. Are structural VARs with long-run restrictions useful in developing business cycle theory?
    Journal of Monetary Economics, 2008, 55, (8), 1337-1352 View citations (210)
    See also Working Paper Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?, NBER Working Papers (2008) View citations (205) (2008)

2007

18. Business Cycle Accounting
    Econometrica, 2007, 75, (3), 781-836 View citations (584)
    See also Working Paper Business cycle accounting, Staff Report (2006) View citations (29) (2006)

2005

19. Comment on: "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU"
    Journal of Monetary Economics, 2005, 52, (1), 205-211
20. EconomicDynamics Interviews Ellen McGrattan on Business Cycle Accounting and Stock Market Valuation
    EconomicDynamics Newsletter, 2005, 6, (2)
21. Productivity and the post-1990 U.S. economy
    Review, 2005, 87, (Jul), 537-550 View citations (1)
    See also Working Paper Productivity and the Post-1990 U.S. Economy, 2005 Meeting Papers (2005) View citations (1) (2005)
22. Sudden Stops and Output Drops
    American Economic Review, 2005, 95, (2), 381-387 View citations (130)
    See also Working Paper Sudden Stops and Output Drops, Levine's Bibliography (2005) View citations (127) (2005)
23. Taxes, Regulations, and the Value of U.S. and U.K. Corporations
    The Review of Economic Studies, 2005, 72, (3), 767-796 View citations (97)
    See also Working Paper Taxes, regulations, and the value of U.S. and U.K. corporations, Staff Report (2005) View citations (144) (2005)

2004

24. Changes in hours worked, 1950?2000
    Quarterly Review, 2004, 28, (Jul), 14-33 View citations (15)
25. THE 1929 STOCK MARKET: IRVING FISHER WAS RIGHT
    International Economic Review, 2004, 45, (4), 991-1009 View citations (13)
    See also Working Paper The 1929 stock market: Irving Fisher was right, Staff Report (2003) View citations (3) (2003)

2003

26. Accounting for the Great Depression
    Quarterly Review, 2003, 27, (Spr), 2-8 View citations (11)
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) View citations (77)
27. Average Debt and Equity Returns: Puzzling?
    American Economic Review, 2003, 93, (2), 392-397 View citations (130)
    See also Working Paper Average Debt and Equity Returns: Puzzling?, Levine's Working Paper Archive (2003) View citations (129) (2003)
28. The Optimum Quantity of Debt: Technical Appendix
    Annals of Economics and Finance, 2003, 4, (1), 193-217 View citations (5)

2002

29. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    The Review of Economic Studies, 2002, 69, (3), 533-563 View citations (923)
    See also Working Paper Can sticky price models generate volatile and persistent real exchange rates?, Staff Report (2002) View citations (880) (2002)

2001

30. Predicting the effects of Federal Reserve policy in a sticky price model: an analytical approach
    Proceedings, 2001, (Jun) View citations (6)
    See also Working Paper Predicting the effects of Federal Reserve policy in a sticky-price model: an analytical approach, Working Papers (1999) View citations (9) (1999)

2000

31. Is the stock market overvalued?
    Quarterly Review, 2000, 24, (Fall), 20-40 View citations (58)
    See also Working Paper Is the Stock Market Overvalued?, NBER Working Papers (2001) View citations (34) (2001)
32. Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
    Econometrica, 2000, 68, (5), 1151-1180 View citations (716)
    See also Working Paper Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?, Staff Report (1998) View citations (58) (1998)
33. The declining U.S. equity premium
    Quarterly Review, 2000, 24, (Fall), 3-19 View citations (49)
    See also Working Paper The Declining U.S. Equity Premium, NBER Working Papers (2001) View citations (22) (2001)

1999

34. Maintenance and repair: too big to ignore
    Quarterly Review, 1999, 23, (Fall), 2-13 View citations (72)

1998

35. A defense of AK growth models
    Quarterly Review, 1998, 22, (Fall), 13-27 View citations (41)
36. Changes in hours worked since 1950
    Quarterly Review, 1998, 22, (Win), 2-19 View citations (20)
37. The optimum quantity of debt
    Journal of Monetary Economics, 1998, 42, (3), 447-469 View citations (327)
    See also Working Paper The optimum quantity of debt, Staff Report (1997) View citations (4) (1997)
38. Trends in velocity and policy expectations: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1998, 49, (1), 305-316 View citations (10)

1997

39. An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy
    International Economic Review, 1997, 38, (2), 267-90 View citations (351)
    See also Working Paper An equilibrium model of the business cycle with household production and fiscal policy, Staff Report (1995) View citations (17) (1995)

1996

40. Solving the stochastic growth model with a finite element method
    Journal of Economic Dynamics and Control, 1996, 20, (1-3), 19-42 View citations (57)
    See also Working Paper Solving the stochastic growth model with a finite element method, Staff Report (1993) View citations (8) (1993)

1995

41. The CAPM debate
    Quarterly Review, 1995, 19, (Fall), 2-17 View citations (12)

1994

42. A note on computing competitive equilibria in linear models
    Journal of Economic Dynamics and Control, 1994, 18, (1), 149-160 View citations (9)
43. A progress report on business cycle models
    Quarterly Review, 1994, 18, (Fall), 2-16 View citations (28)
44. The macroeconomic effects of distortionary taxation
    Journal of Monetary Economics, 1994, 33, (3), 573-601 View citations (315)
    See also Working Paper The macroeconomic effects of distortionary taxation, Discussion Paper / Institute for Empirical Macroeconomics (1991) View citations (15) (1991)

1990

45. Money as a medium of exchange in an economy with artificially intelligent agents
    Journal of Economic Dynamics and Control, 1990, 14, (2), 329-373 View citations (145)
46. Solving the Stochastic Growth Model by Linear-Quadratic Approximation
    Journal of Business & Economic Statistics, 1990, 8, (1), 41-44 View citations (18)

Chapters

2016

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

2012

2. The Labor Productivity Puzzle
   Chapter 6 in Government Policies and the Delayed Economic Recovery, 2012 View citations (44)
   See also Working Paper The Labor Productivity Puzzle, Society for Economic Dynamics (2012) View citations (44) (2012)

1999

3. Explaining cross-country income differences
   Chapter 10 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 669-737 View citations (51)
   See also Working Paper Explaining cross-country income differences, Federal Reserve Bank of Minneapolis (1998) View citations (20) (1998)

1996

4. Mechanics of forming and estimating dynamic linear economies
   Chapter 04 in Handbook of Computational Economics, 1996, vol. 1, pp 171-252 View citations (143)
   See also Working Paper On the mechanics of forming and estimating dynamic linear economies, Federal Reserve Bank of Minneapolis (1995) View citations (12) (1995)

1993

5. The Macroeconomics of War and Peace
   A chapter in NBER Macroeconomics Annual 1993, Volume 8, 1993, pp 197-258 View citations (39)

Software Items

2020

1. Code and data files for "Intangible Capital and Measured Productivity"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Intangible Capital and Measured Productivity, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (24) (2020)

2012

2. Code and data files for "Transition to FDI Openness: Reconciling Theory and Evidence"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Transition to FDI Openness: Reconciling Theory and Evidence, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2012) View citations (17) (2012)

1998

3. Application of Weighted Residual Methods to Dynamic Economic Models, Finite Element Methods
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
4. Application of Weighted Residual Methods to Dynamic Economic Models, Spectral Methods
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles