Details about Matthew D. Shapiro

Homepage:	http://www.umich.edu/~shapiro
Workplace:	Economics Department, University of Michigan, (more information at EDIRC)

Access statistics for papers by Matthew D. Shapiro.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: psh144

---

Jump to Journal Articles Books Edited books Chapters Editor

Working Papers

2023

1. Quality Adjustment at Scale: Hedonic vs. Exact Demand-Based Price Indices
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in Working Papers, U.S. Census Bureau, Center for Economic Studies (2023) View citations (1)
2. Transferring Control of Finances: Timing Poses a Risk
   Issues in Brief, Center for Retirement Research
3. Using Machine Learning to Construct Hedonic Price Indices
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

4. Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-being
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-Being, American Economic Review: Insights, American Economic Association (2023) (2023)
5. How Worker Productivity and Wages Grow with Tenure and Experience: The Firm Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   CEBI working paper series, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI) (2022) View citations (6)

2021

6. Finding Needles in Haystacks: Multiple-Imputation Record Linkage Using Machine Learning
   Working Papers, U.S. Census Bureau, Center for Economic Studies
   Also in Working Papers, Federal Reserve Bank of Boston (2021)

2019

7. Minding Your Ps and Qs: Going from Micro to Macro in Measuring Prices and Quantities
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Journal Article Minding Your Ps and Qs: Going from Micro to Macro in Measuring Prices and Quantities, AEA Papers and Proceedings, American Economic Association (2019) View citations (4) (2019)
8. Optimal Probabilistic Record Linkage: Best Practice for Linking Employers in Survey and Administrative Data
   Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (2)
9. Rational Illiquidity and Consumption: Theory and Evidence from Income Tax Withholding and Refunds
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   See also Journal Article Rational Illiquidity and Consumption: Theory and Evidence from Income Tax Withholding and Refunds, American Economic Review, American Economic Association (2022) View citations (3) (2022)
10. Rational Illiquidity and Excess Sensitivity: Theory and Evidence from Income Tax Withholding and Refunds
    2019 Meeting Papers, Society for Economic Dynamics View citations (3)
11. Re-engineering Key National Economic Indicators
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Papers, U.S. Census Bureau, Center for Economic Studies (2019) View citations (2)
    See also Chapter Reengineering Key National Economic Indicators, NBER Chapters, National Bureau of Economic Research, Inc (2020) View citations (1) (2020)
12. SeaTE: Subjective ex ante Treatment Effect of Health on Retirement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Papers, University of Michigan, Michigan Retirement Research Center (2018)
    See also Journal Article SeaTE: Subjective Ex Ante Treatment Effect of Health on Retirement, American Economic Journal: Applied Economics, American Economic Association (2024) (2024)

2018

13. Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    See also Journal Article Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle, Journal of Business & Economic Statistics, Taylor & Francis Journals (2020) View citations (29) (2020)
14. Older Americans Would Work Longer If Jobs Were Flexible
    Research Papers, Stanford University, Graduate School of Business View citations (4)
    Also in 2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (15)
    See also Journal Article Older Americans Would Work Longer If Jobs Were Flexible, American Economic Journal: Macroeconomics, American Economic Association (2020) View citations (30) (2020)
15. Portfolio Rebalancing in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Portfolio rebalancing in general equilibrium, Journal of Financial Economics, Elsevier (2020) View citations (2) (2020)
16. Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (8)
    See also Journal Article Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective, American Economic Journal: Macroeconomics, American Economic Association (2019) View citations (27) (2019)
17. Shocks and Transitions from Career Jobs to Bridge Jobs and Retirement: A New Approach
    Working Papers, University of Michigan, Michigan Retirement Research Center View citations (1)
    Also in Research Papers, Stanford University, Graduate School of Business (2018) View citations (1)

2017

18. Effects of a Government-Academic Partnership: Has the NSF-Census Bureau Research Network Helped Improve the U.S. Statistical System?
    Working Papers, U.S. Census Bureau, Center for Economic Studies
19. Stimulus Effects of Investment Tax Incentives: Production versus Purchases
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2016

20. Inter-generational transfers and precautionary saving
    2016 Meeting Papers, Society for Economic Dynamics View citations (2)
21. Late-in-Life Risks and the Under-Insurance Puzzle
    2016 Meeting Papers, Society for Economic Dynamics View citations (23)
    Also in Research Papers, Stanford University, Graduate School of Business (2016) View citations (25)
22. The Long-Term-Care Insurance Puzzle: Modeling and Measurement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
23. The Response of Consumer Spending to Changes in Gasoline Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article The Response of Consumer Spending to Changes in Gasoline Prices, American Economic Journal: Macroeconomics, American Economic Association (2023) View citations (6) (2023)

2015

24. Balance-Sheet Households and Fiscal Stimulus: Lessons from the Payroll Tax Cut and Its Expiration
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2015) View citations (28)
25. How Individuals Respond to a Liquidity Shock: Evidence from the 2013 Government Shutdown
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    See also Journal Article How individuals respond to a liquidity shock: Evidence from the 2013 government shutdown, Journal of Public Economics, Elsevier (2020) View citations (11) (2020)
26. Long-Term-Care Utility and Late-in-Life Saving
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)
    See also Journal Article Long-Term-Care Utility and Late-in-Life Saving, Journal of Political Economy, University of Chicago Press (2020) View citations (49) (2020)
27. The Wealth of Wealthholders
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2014

28. Resolving the Annuity Puzzle: Estimating Lifecycle Models without (and with) Behavioral Data
    2014 Meeting Papers, Society for Economic Dynamics
29. Using Social Media to Measure Labor Market Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)

2013

30. Forecasting the Recovery from the Great Recession: Is This Time Different?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article Forecasting the Recovery from the Great Recession: Is This Time Different?, American Economic Review, American Economic Association (2013) View citations (24) (2013)

2011

31. Check in the Mail or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?
    2011 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper Series, European Central Bank (2011)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (7)
    BCL working papers, Central Bank of Luxembourg (2011)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2010) View citations (12)
    See also Journal Article Check in the Mail or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?, American Economic Journal: Economic Policy, American Economic Association (2012) View citations (62) (2012)
32. Using the Survey of Plant Capacity to Measure Capital Utilization
    Working Papers, U.S. Census Bureau, Center for Economic Studies View citations (26)

2010

33. Household Finance in General Equilibrium
    2010 Meeting Papers, Society for Economic Dynamics
34. The Effects of the Financial Crisis on the Well-Being of Older Americans: Evidence from the Cognitive Economics Study
    Working Papers, University of Michigan, Michigan Retirement Research Center View citations (23)

2009

35. Buffering Shocks to Well-Being Late in Life
    Working Papers, University of Michigan, Michigan Retirement Research Center View citations (1)
36. Did the 2008 Tax Rebates Stimulate Spending?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (157)
    See also Journal Article Did the 2008 Tax Rebates Stimulate Spending?, American Economic Review, American Economic Association (2009) View citations (156) (2009)
37. Household Response to the 2008 Tax Rebate: Survey Evidence and Aggregate Implications
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2009) View citations (16)
    See also Chapter Household Response to the 2008 Tax Rebate: Survey Evidence and Aggregate Implications, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (89) (2010)
38. Risk Preferences in the PSID: Individual Imputations and Family Covariation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (102)
    See also Journal Article Risk Preferences in the PSID: Individual Imputations and Family Covariation, American Economic Review, American Economic Association (2009) View citations (101) (2009)
39. Stepping Off the Wage Escalator: The Effects of Wage Growth on Equilibrium Employment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2008

40. Labor Supply: Are the Income and Substitution Effects Both Large or Both Small?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (171)

2007

41. Imputing Risk Tolerance from Survey Responses
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Imputing Risk Tolerance From Survey Responses, Journal of the American Statistical Association, American Statistical Association (2008) View citations (176) (2008)

2006

42. Monetary Policy When Potential Output is Uncertain: Understanding the Growth Gamble of the 1990s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Monetary policy when potential output is uncertain: Understanding the growth gamble of the 1990s, Journal of Monetary Economics, Elsevier (2007) View citations (64) (2007)
43. Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation, American Economic Review, American Economic Association (2008) View citations (216) (2008)

2004

44. Phased-In Tax Cuts and Economic Activity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Macroeconomics, University Library of Munich, Germany (2004) View citations (18)
    See also Journal Article Phased-In Tax Cuts and Economic Activity, American Economic Review, American Economic Association (2006) View citations (83) (2006)
45. Why Do Computers Depreciate?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Chapter Why Do Computers Depreciate?, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (5) (2007)

2003

46. Has the rate of economic growth changed? Evidence and lessons for public policy
    Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand View citations (2)
47. Social Security, Retirement and Wealth: Theory and Implications
    Working Papers, University of Michigan, Michigan Retirement Research Center View citations (1)

2002

48. Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Chapter Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys, NBER Chapters, National Bureau of Economic Research, Inc (2003) View citations (44) (2003)

2001

49. Consumer Response to Tax Rebates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    See also Journal Article Consumer Response to Tax Rebates, American Economic Review, American Economic Association (2003) View citations (171) (2003)
50. High-Frequency Substitution and the Measurement of Price Indexes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Chapter High-Frequency Substitution and the Measurement of Price Indexes, NBER Chapters, National Bureau of Economic Research, Inc (2003) View citations (8) (2003)
51. Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (93)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (34)
    See also Journal Article Productivity growth in the 1990s: technology, utilization, or adjustment?, Carnegie-Rochester Conference Series on Public Policy, Elsevier (2001) View citations (93) (2001)

1999

52. Costly Capital Reallocation and the Effects of Government Spending
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    See also Journal Article Costly capital reallocation and the effects of government spending, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1998) View citations (632) (1998)
53. Quality Improvement in Health Care: A Framework for Price and Output Measurement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Quality Improvement in Health Care: A Framework for Price and Output Measurement, American Economic Review, American Economic Association (1999) View citations (7) (1999)

1998

54. Displaced Capital
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (22)

1997

55. Alternative Strategies for Aggregating Prices in the CPI
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    See also Journal Article Alternative strategies for aggregating prices in the CPI, Review, Federal Reserve Bank of St. Louis (1997) View citations (19) (1997)

1996

56. Generating Non-Standard Multivariate Distributions with an Application to Mismeasurement in the CPI
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
57. Mismeasurement in the Consumer Price Index: An Evaluation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (99)
    See also Chapter Mismeasurement in the Consumer Price Index: An Evaluation, NBER Chapters, National Bureau of Economic Research, Inc (1996) View citations (97) (1996)

1995

58. Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Survey
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (324)

1993

59. Consumer Response to the Timing of Income: Evidence from a Change in Tax Withholding
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
    See also Journal Article Consumer Response to the Timing of Income: Evidence from a Change in Tax Withholding, American Economic Review, American Economic Association (1995) View citations (208) (1995)
60. Federal Reserve Policy: Cause and Effect
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Chapter Federal Reserve Policy: Cause and Effect, NBER Chapters, National Bureau of Economic Research, Inc (1994) View citations (29) (1994)

1990

61. Fundamental Value and Market Value
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)

1989

62. STOCK MARKET FORECASTABILITY AND VOLATILITY: A STATISTICAL APPRAISAL
    Working Papers, Michigan - Center for Research on Economic & Social Theory View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (10)
    See also Journal Article Stock Market Forecastability and Volatility: A Statistical Appraisal, The Review of Economic Studies, Review of Economic Studies Ltd (1991) View citations (55) (1991)

1988

63. Sources of Business Cycle Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (426)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1988) View citations (409)
    See also Chapter Sources of Business Cycle Fluctuations, NBER Chapters, National Bureau of Economic Research, Inc (1988) View citations (435) (1988)
64. The Stabilization of the U.S. Economy Evidence From the Stock Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1988) View citations (13)
    See also Journal Article The Stabilization of the U.S. Economy: Evidence from the Stock Marke t, American Economic Review, American Economic Association (1988) View citations (12) (1988)

1987

65. Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (27)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (23)
    See also Journal Article Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?, American Economic Review, American Economic Association (1987) View citations (27) (1987)
66. Measuring Market Power in U.S. Industry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1987) View citations (27)
67. Supply Shocks in Macroeconomics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1987) View citations (9)

1986

68. Capital Utilization and Capital Accumulation: Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (48)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1985)
    See also Journal Article Capital Utilization and Capital Accumulation: Theory and Evidence, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (1986) View citations (60) (1986)
69. Forecasting the Depression: Harvard Versus Yale
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1986) View citations (2)
    See also Journal Article Forecasting the Depression: Harvard versus Yale, American Economic Review, American Economic Association (1988) View citations (51) (1988)
70. News or Noise? An Analysis of GNP Revisions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (222)
71. The Dynamic Demand for Capital and Labor
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (201)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1984) View citations (3)
    See also Journal Article The Dynamic Demand for Capital and Labor, The Quarterly Journal of Economics, President and Fellows of Harvard College (1986) View citations (227) (1986)

1985

72. An Unbiased Reexamination of Stock Market Volatility
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (77)
    See also Journal Article An Unbiased Reexamination of Stock Market Volatility, Journal of Finance, American Finance Association (1985) View citations (91) (1985)
73. Do We Reject Too Often? Small Sample Bias in Tests of Rational Expectations
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (3)
74. Do We Reject Too Often? Small Sample Properties of Tests of Rational Expectations Models
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Do we reject too often?: Small sample properties of tests of rational expectations models, Economics Letters, Elsevier (1986) View citations (145) (1986)
75. Risk and Return: Consumption Beta Versus Market Beta
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
    See also Journal Article Risk and Return: Consumption Beta versus Market Beta, The Review of Economics and Statistics, MIT Press (1986) View citations (108) (1986)

1984

76. Risk and Return: Consumption versus Market Beta
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
77. Trends, Random Walks, and Tests of the Permanent Income Hypothesis
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (7)
    See also Journal Article Trends, random walks, and tests of the permanent income hypothesis, Journal of Monetary Economics, Elsevier (1985) View citations (45) (1985)

Journal Articles

2024

1. SeaTE: Subjective Ex Ante Treatment Effect of Health on Retirement
   American Economic Journal: Applied Economics, 2024, 16, (2), 278-317
   See also Working Paper SeaTE: Subjective ex ante Treatment Effect of Health on Retirement, NBER Working Papers (2019) View citations (11) (2019)

2023

2. Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-Being
   American Economic Review: Insights, 2023, 5, (1), 125-40
   See also Working Paper Cognitive Decline, Limited Awareness, Imperfect Agency, and Financial Well-being, NBER Working Papers (2022) (2022)
3. The Response of Consumer Spending to Changes in Gasoline Prices
   American Economic Journal: Macroeconomics, 2023, 15, (2), 129-60 View citations (6)
   See also Working Paper The Response of Consumer Spending to Changes in Gasoline Prices, NBER Working Papers (2016) View citations (24) (2016)

2022

4. Rational Illiquidity and Consumption: Theory and Evidence from Income Tax Withholding and Refunds
   American Economic Review, 2022, 112, (9), 2959-91 View citations (3)
   See also Working Paper Rational Illiquidity and Consumption: Theory and Evidence from Income Tax Withholding and Refunds, NBER Working Papers (2019) View citations (3) (2019)

2020

5. Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle
   Journal of Business & Economic Statistics, 2020, 38, (3), 633-646 View citations (29)
   See also Working Paper Heterogeneity in Expectations, Risk Tolerance, and Household Stock Shares: The Attenuation Puzzle, NBER Working Papers (2018) View citations (16) (2018)
6. How individuals respond to a liquidity shock: Evidence from the 2013 government shutdown
   Journal of Public Economics, 2020, 189, (C) View citations (11)
   See also Working Paper How Individuals Respond to a Liquidity Shock: Evidence from the 2013 Government Shutdown, NBER Working Papers (2015) View citations (21) (2015)
7. Long-Term-Care Utility and Late-in-Life Saving
   Journal of Political Economy, 2020, 128, (6), 2375 - 2451 View citations (49)
   See also Working Paper Long-Term-Care Utility and Late-in-Life Saving, NBER Working Papers (2015) View citations (64) (2015)
8. Older Americans Would Work Longer If Jobs Were Flexible
   American Economic Journal: Macroeconomics, 2020, 12, (1), 174-209 View citations (30)
   See also Working Paper Older Americans Would Work Longer If Jobs Were Flexible, Research Papers (2018) View citations (4) (2018)
9. Portfolio rebalancing in general equilibrium
   Journal of Financial Economics, 2020, 135, (3), 816-834 View citations (2)
   See also Working Paper Portfolio Rebalancing in General Equilibrium, NBER Working Papers (2018) (2018)
10. Report of the Editor: American Economic Journal: Economic Policy
    AEA Papers and Proceedings, 2020, 110, 695-702
    Also in American Economic Review, 2016, 106, (5), 726-30 (2016) View citations (6)
    AEA Papers and Proceedings, 2018, 108, 668-76 (2018)
    American Economic Review, 2017, 107, (5), 726-34 (2017) View citations (5)
    AEA Papers and Proceedings, 2019, 109, 646-52 (2019)

2019

11. Minding Your Ps and Qs: Going from Micro to Macro in Measuring Prices and Quantities
    AEA Papers and Proceedings, 2019, 109, 438-43 View citations (4)
    See also Working Paper Minding Your Ps and Qs: Going from Micro to Macro in Measuring Prices and Quantities, NBER Working Papers (2019) View citations (4) (2019)
12. Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective
    American Economic Journal: Macroeconomics, 2019, 11, (2), 193-227 View citations (27)
    See also Working Paper Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective, Finance and Economics Discussion Series (2018) View citations (4) (2018)

2013

13. Forecasting the Recovery from the Great Recession: Is This Time Different?
    American Economic Review, 2013, 103, (3), 147-52 View citations (24)
    See also Working Paper Forecasting the Recovery from the Great Recession: Is This Time Different?, NBER Working Papers (2013) View citations (24) (2013)

2012

14. Check in the Mail or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?
    American Economic Journal: Economic Policy, 2012, 4, (3), 216-50 View citations (62)
    See also Working Paper Check in the Mail or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?, 2011 Meeting Papers (2011) (2011)
15. Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle
    American Economic Review, 2012, 102, (4), 1378-1413 View citations (43)

2011

16. American Economic Association Committee on Statistics (AEAStat): Annual Report--2010
    American Economic Review, 2011, 101, (3), 739-40

2010

17. American Economic Association Committee on Statistics (AEAStat): Annual Report--2009
    American Economic Review, 2010, 100, (2), 713-14

2009

18. Did the 2008 Tax Rebates Stimulate Spending?
    American Economic Review, 2009, 99, (2), 374-79 View citations (156)
    See also Working Paper Did the 2008 Tax Rebates Stimulate Spending?, NBER Working Papers (2009) View citations (157) (2009)
19. Risk Preferences in the PSID: Individual Imputations and Family Covariation
    American Economic Review, 2009, 99, (2), 363-68 View citations (101)
    See also Working Paper Risk Preferences in the PSID: Individual Imputations and Family Covariation, NBER Working Papers (2009) View citations (102) (2009)

2008

20. Imputing Risk Tolerance From Survey Responses
    Journal of the American Statistical Association, 2008, 103, (483), 1028-1038 View citations (176)
    See also Working Paper Imputing Risk Tolerance from Survey Responses, NBER Working Papers (2007) View citations (11) (2007)
21. Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation
    American Economic Review, 2008, 98, (3), 737-68 View citations (216)
    See also Working Paper Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation, NBER Working Papers (2006) View citations (11) (2006)

2007

22. Monetary policy when potential output is uncertain: Understanding the growth gamble of the 1990s
    Journal of Monetary Economics, 2007, 54, (4), 1132-1162 View citations (64)
    See also Working Paper Monetary Policy When Potential Output is Uncertain: Understanding the Growth Gamble of the 1990s, NBER Working Papers (2006) View citations (5) (2006)

2006

23. Phased-In Tax Cuts and Economic Activity
    American Economic Review, 2006, 96, (5), 1835-1849 View citations (83)
    See also Working Paper Phased-In Tax Cuts and Economic Activity, NBER Working Papers (2004) View citations (6) (2004)

2005

24. Comment on W. Erwin Diewert’s, “Index Number Theory Using Differences Rather Than Ratios”
    American Journal of Economics and Sociology, 2005, 64, (1), 361-366

2003

25. Consumer Response to Tax Rebates
    American Economic Review, 2003, 93, (1), 381-396 View citations (171)
    See also Working Paper Consumer Response to Tax Rebates, NBER Working Papers (2001) View citations (27) (2001)

2001

26. Displaced Capital: A Study of Aerospace Plant Closings
    Journal of Political Economy, 2001, 109, (5), 958-992 View citations (254)
27. Productivity growth in the 1990s: technology, utilization, or adjustment?
    Carnegie-Rochester Conference Series on Public Policy, 2001, 55, (1), 117-165 View citations (93)
    See also Working Paper Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?, NBER Working Papers (2001) View citations (93) (2001)

1999

28. Quality Improvement in Health Care: A Framework for Price and Output Measurement
    American Economic Review, 1999, 89, (2), 333-337 View citations (7)
    See also Working Paper Quality Improvement in Health Care: A Framework for Price and Output Measurement, NBER Working Papers (1999) View citations (7) (1999)

1998

29. Costly capital reallocation and the effects of government spending
    Carnegie-Rochester Conference Series on Public Policy, 1998, 48, (1), 145-194 View citations (632)
    See also Working Paper Costly Capital Reallocation and the Effects of Government Spending, NBER Working Papers (1999) View citations (43) (1999)

1997

30. Alternative strategies for aggregating prices in the CPI
    Review, 1997, (May), 113-125 View citations (19)
    See also Working Paper Alternative Strategies for Aggregating Prices in the CPI, NBER Working Papers (1997) View citations (31) (1997)
31. Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study
    The Quarterly Journal of Economics, 1997, 112, (2), 537-579 View citations (1373)

1996

32. Macroeconomic Implications of Variation in the Workweek of Capital
    Brookings Papers on Economic Activity, 1996, 27, (2), 79-134 View citations (64)

1995

33. Consumer Response to the Timing of Income: Evidence from a Change in Tax Withholding
    American Economic Review, 1995, 85, (1), 274-83 View citations (208)
    See also Working Paper Consumer Response to the Timing of Income: Evidence from a Change in Tax Withholding, NBER Working Papers (1993) View citations (72) (1993)

1993

34. Cyclical Productivity and the Workweek of Capital
    American Economic Review, 1993, 83, (2), 229-33 View citations (56)

1991

35. Stock Market Forecastability and Volatility: A Statistical Appraisal
    The Review of Economic Studies, 1991, 58, (3), 455-477 View citations (55)
    See also Working Paper STOCK MARKET FORECASTABILITY AND VOLATILITY: A STATISTICAL APPRAISAL, Working Papers (1989) View citations (1) (1989)

1989

36. Assessing the Federal Reserve's Measures of Capacity and Utilization
    Brookings Papers on Economic Activity, 1989, 20, (1), 181-242 View citations (59)
37. Inventories, orders, temporary and permanent layoffs: An econometric analysis: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1989, 30, (1), 367-374

1988

38. Forecasting the Depression: Harvard versus Yale
    American Economic Review, 1988, 78, (4), 595-612 View citations (51)
    See also Working Paper Forecasting the Depression: Harvard Versus Yale, Cowles Foundation Discussion Papers (1986) View citations (5) (1986)
39. Political vs. currency premia in international real interest rate differentials: Jeffrey A. Frankel and Alan T. MacArthur
    European Economic Review, 1988, 32, (5), 1114-1118
40. The Stabilization of the U.S. Economy: Evidence from the Stock Marke t
    American Economic Review, 1988, 78, (5), 1067-79 View citations (12)
    See also Working Paper The Stabilization of the U.S. Economy Evidence From the Stock Market, NBER Working Papers (1988) View citations (13) (1988)

1987

41. Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?
    American Economic Review, 1987, 77, (2), 118-24 View citations (27)
    See also Working Paper Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?, Cowles Foundation Discussion Papers (1987) View citations (27) (1987)

1986

42. Capital Utilization and Capital Accumulation: Theory and Evidence
    Journal of Applied Econometrics, 1986, 1, (3), 211-34 View citations (60)
    See also Working Paper Capital Utilization and Capital Accumulation: Theory and Evidence, NBER Working Papers (1986) View citations (48) (1986)
43. Capital and saving in a share economy
    Journal of Comparative Economics, 1986, 10, (4), 444-447 View citations (4)
44. Do we reject too often?: Small sample properties of tests of rational expectations models
    Economics Letters, 1986, 20, (2), 139-145 View citations (145)
    See also Working Paper Do We Reject Too Often? Small Sample Properties of Tests of Rational Expectations Models, NBER Technical Working Papers (1985) View citations (1) (1985)
45. Investment, Output, and the Cost of Capital
    Brookings Papers on Economic Activity, 1986, 17, (1), 111-164 View citations (35)
46. Risk and Return: Consumption Beta versus Market Beta
    The Review of Economics and Statistics, 1986, 68, (3), 452-59 View citations (108)
    See also Working Paper Risk and Return: Consumption Beta Versus Market Beta, Cowles Foundation Discussion Papers (1985) (1985)
47. The Dynamic Demand for Capital and Labor
    The Quarterly Journal of Economics, 1986, 101, (3), 513-542 View citations (227)
    See also Working Paper The Dynamic Demand for Capital and Labor, NBER Working Papers (1986) View citations (201) (1986)

1985

48. An Unbiased Reexamination of Stock Market Volatility
    Journal of Finance, 1985, 40, (3), 677-87 View citations (91)
    See also Working Paper An Unbiased Reexamination of Stock Market Volatility, Cowles Foundation Discussion Papers (1985) View citations (77) (1985)
49. Trends, random walks, and tests of the permanent income hypothesis
    Journal of Monetary Economics, 1985, 16, (2), 165-174 View citations (45)
    See also Working Paper Trends, Random Walks, and Tests of the Permanent Income Hypothesis, Cowles Foundation Discussion Papers (1984) View citations (7) (1984)

1984

50. The permanent income hypothesis and the real interest rate: Some evidence from panel data
    Economics Letters, 1984, 14, (1), 93-100 View citations (47)

Books

2022

1. Big Data for Twenty-First-Century Economic Statistics
   NBER Books, National Bureau of Economic Research, Inc View citations (2)

2003

2. Scanner Data and Price Indexes
   NBER Books, National Bureau of Economic Research, Inc View citations (92)

Edited books

2022

1. Big Data for Twenty-First-Century Economic Statistics
   (Big Data for Twenty-First-Century Economic Statistics)
   National Bureau of Economic Research Books, University of Chicago Press View citations (2)

2002

2. Scanner Data and Price Indexes
   National Bureau of Economic Research Books, University of Chicago Press View citations (3)

Chapters

2020

1. Introduction: Big Data for Twenty-First-Century Economic Statistics: The Future Is Now
   A chapter in Big Data for Twenty-First-Century Economic Statistics, 2020, pp 1-22 View citations (1)
2. Reengineering Key National Economic Indicators
   A chapter in Big Data for Twenty-First-Century Economic Statistics, 2020, pp 25-68 View citations (1)
   See also Working Paper Re-engineering Key National Economic Indicators, National Bureau of Economic Research, Inc (2019) View citations (2) (2019)

2013

3. Comment on "The Great Inflation in the United States and the United Kingdom: Reconciling Policy Decisions and Data Outcomes"
   A chapter in The Great Inflation: The Rebirth of Modern Central Banking, 2013, pp 438-441

2010

4. Household Response to the 2008 Tax Rebate: Survey Evidence and Aggregate Implications
   A chapter in Tax Policy and the Economy, Volume 24, 2010, pp 69-110 View citations (89)
   See also Working Paper Household Response to the 2008 Tax Rebate: Survey Evidence and Aggregate Implications, National Bureau of Economic Research, Inc (2009) View citations (13) (2009)

2007

5. Why Do Computers Depreciate?
   A chapter in Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches, 2007, pp 121-150 View citations (5)
   See also Working Paper Why Do Computers Depreciate?, National Bureau of Economic Research, Inc (2004) View citations (7) (2004)

2003

6. Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys
   A chapter in Tax Policy and the Economy, Volume 17, 2003, pp 83-110 View citations (44)
   See also Working Paper Did the 2001 Tax Rebate Stimulate Spending? Evidence from Taxpayer Surveys, National Bureau of Economic Research, Inc (2002) View citations (12) (2002)
7. High-Frequency Substitution and the Measurement of Price Indexes
   A chapter in Scanner Data and Price Indexes, 2003, pp 123-146 View citations (8)
   See also Working Paper High-Frequency Substitution and the Measurement of Price Indexes, National Bureau of Economic Research, Inc (2001) View citations (4) (2001)
8. Introduction to "Scanner Data and Price Indexes"
   A chapter in Scanner Data and Price Indexes, 2003, pp 1-13 View citations (34)

2001

9. Measuring the value of Cataract Surgery
   A chapter in Medical Care Output and Productivity, 2001, pp 411-438 View citations (32)

1996

10. Mismeasurement in the Consumer Price Index: An Evaluation
    A chapter in NBER Macroeconomics Annual 1996, Volume 11, 1996, pp 93-154 View citations (97)
    See also Working Paper Mismeasurement in the Consumer Price Index: An Evaluation, National Bureau of Economic Research, Inc (1996) View citations (99) (1996)

1994

11. Federal Reserve Policy: Cause and Effect
    A chapter in Monetary Policy, 1994, pp 307-334 View citations (29)
    See also Working Paper Federal Reserve Policy: Cause and Effect, National Bureau of Economic Research, Inc (1993) View citations (20) (1993)

1988

12. Sources of Business Cycle Fluctuations
    A chapter in NBER Macroeconomics Annual 1988, Volume 3, 1988, pp 111-156 View citations (435)
    See also Working Paper Sources of Business Cycle Fluctuations, National Bureau of Economic Research, Inc (1988) View citations (426) (1988)

Editor

1. American Economic Journal: Economic Policy
   American Economic Association