Details about Bharat Trehan

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Workplace:	Federal Reserve Bank of San Francisco, (more information at EDIRC) Economic Research, Federal Reserve Bank of San Francisco, (more information at EDIRC)

Access statistics for papers by Bharat Trehan.

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Short-id: ptr229

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Working Papers

2011

1. New evidence on cyclical and structural sources of unemployment
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (22)
   See also Journal Article New evidence on cyclical and structural sources of unemployment, Proceedings, Federal Reserve Bank of San Francisco (2012) View citations (4) (2012)
2. The wage premium puzzle and the quality of human capital
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
   See also Journal Article The wage premium puzzle and the quality of human capital, International Review of Economics & Finance, Elsevier (2014) View citations (10) (2014)

2009

3. Survey measures of expected inflation and the inflation process
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)
   See also Journal Article Survey Measures of Expected Inflation and the Inflation Process, Journal of Money, Credit and Banking, Blackwell Publishing (2015) View citations (29) (2015)
4. The role of capital service-life in a model with heterogenous labor and vintage capital
   Working Paper Series, Federal Reserve Bank of San Francisco

2007

5. Productivity shocks in a model with vintage capital and heterogeneous labor
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)

2005

6. Accounting for the Secular "Decline" of U.S. Manufacturing
   2005 Meeting Papers, Society for Economic Dynamics
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2005) View citations (3)
7. On using relative prices to measure capital-specific technological progress
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (13)
   See also Journal Article On using relative prices to measure capital-specific technological progress, Journal of Macroeconomics, Elsevier (2008) View citations (6) (2008)

2004

8. Time varying equilibrium real rates and monetary policy analysis
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (7)
   See also Journal Article Time-varying equilibrium real rates and monetary policy analysis, Journal of Economic Dynamics and Control, Elsevier (2007) View citations (65) (2007)

2003

9. Forward-looking behavior and optimal discretionary monetary policy
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (10)
   See also Journal Article Forward-looking behavior and optimal discretionary monetary policy, Economics Letters, Elsevier (2003) View citations (19) (2003)
10. Some implications of using prices to measure productivity in a two-sector growth model
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)

2000

11. Common shocks and currency crises
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)

1997

12. Location and the growth of nations
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (99)
    See also Journal Article Location and the Growth of Nations, Journal of Economic Growth, Springer (1997) View citations (101) (1997)

1994

13. Money, income, prices and interest rates: a comment
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco

1993

14. The cyclical behavior of prices: interpreting the evidence
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article The Cyclical Behavior of Prices: Interpreting the Evidence, Journal of Money, Credit and Banking, Blackwell Publishing (1995) View citations (32) (1995)

1992

15. Modelling the time series behavior of the aggregate wage rate
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article Modeling the time-series behavior of the aggregate wage rate, Economic Review, Federal Reserve Bank of San Francisco (1995) View citations (8) (1995)

1988

16. Seigniorage and tax smoothing in the United States: 1914-1986
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article Seigniorage and tax smoothing in the United States 1914-1986, Journal of Monetary Economics, Elsevier (1990) View citations (19) (1990)
17. Testing intertemporal budget constraints: theory and applications to U. S. federal budget and current account deficits
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (45)
    See also Journal Article Testing Intertemporal Budget Constraints: Theory and Applications to U.S. Federal Budget and Current Account Deficits, Journal of Money, Credit and Banking, Blackwell Publishing (1991) View citations (452) (1991)
18. The demand for money: where do we stand?
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)

1987

19. Common trends, the government's budget constraint, and revenue smoothing
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article Common trends, the government's budget constraint, and revenue smoothing, Journal of Economic Dynamics and Control, Elsevier (1988) View citations (268) (1988)
20. On the limitations of government borrowing: a framework for empirical testing: comment
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)
21. Velocity in the 1980s: an analysis of interactions among monetary components
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)

1986

22. Financial change and the design of monetary policy: lessons from the U. S. experience
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco

1985

23. Consistent tests of the rational expectations-monetary neutrality hypothesis
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco

1983

24. The Implications of an Endogenous Money Supply for Monetary Neutrality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

Journal Articles

2015

1. Survey Measures of Expected Inflation and the Inflation Process
   Journal of Money, Credit and Banking, 2015, 47, (1), 207-222 View citations (29)
   See also Working Paper Survey measures of expected inflation and the inflation process, Working Paper Series (2009) View citations (6) (2009)

2014

2. The wage premium puzzle and the quality of human capital
   International Review of Economics & Finance, 2014, 33, (C), 100-110 View citations (10)
   See also Working Paper The wage premium puzzle and the quality of human capital, Working Paper Series (2011) View citations (2) (2011)

2013

3. Consumer inflation views in three countries
   FRBSF Economic Letter, 2013, (nov25) View citations (2)

2012

4. New evidence on cyclical and structural sources of unemployment
   Proceedings, 2012, (March), 1-23 View citations (4)
   See also Working Paper New evidence on cyclical and structural sources of unemployment, Working Paper Series (2011) View citations (22) (2011)
5. The financial crisis and inflation expectations
   FRBSF Economic Letter, 2012, (sep24) View citations (6)

2011

6. Household inflation expectations and the price of oil: it's déjà vu all over again
   FRBSF Economic Letter, 2011, (may23) View citations (13)

2010

7. Relative productivity growth and the secular "decline" of U.S. manufacturing
   The Quarterly Review of Economics and Finance, 2010, 50, (1), 67-74 View citations (4)
8. Stock-market-based measures of sectoral shocks and the unemployment rate
   FRBSF Economic Letter, 2010, (aug2) View citations (1)

2009

9. Predicting crises, part I: Do coming crises cast their shadows before?
   FRBSF Economic Letter, 2009, (sep21) View citations (2)
10. Talking about tomorrow’s monetary policy today
    FRBSF Economic Letter, 2009, (nov9) View citations (4)

2008

11. On using relative prices to measure capital-specific technological progress
    Journal of Macroeconomics, 2008, 30, (4), 1390-1406 View citations (6)
    See also Working Paper On using relative prices to measure capital-specific technological progress, Working Paper Series (2005) View citations (13) (2005)
12. Unanchored expectations? Interpreting the evidence from inflation surveys
    FRBSF Economic Letter, 2008, (jul25) View citations (5)

2007

13. Changing productivity trends
    FRBSF Economic Letter, 2007, (aug31)
14. Time-varying equilibrium real rates and monetary policy analysis
    Journal of Economic Dynamics and Control, 2007, 31, (5), 1584-1609 View citations (65)
    See also Working Paper Time varying equilibrium real rates and monetary policy analysis, Working Paper Series (2004) View citations (7) (2004)
15. Will fast productivity growth persist?
    FRBSF Economic Letter, 2007, (apr6) View citations (4)

2006

16. Inflation targets and inflation expectations: some evidence from the recent oil shocks
    FRBSF Economic Letter, 2006, (sep1) View citations (1)
17. Is a recession imminent?
    FRBSF Economic Letter, 2006, (nov24)

2005

18. Oil price shocks and inflation
    FRBSF Economic Letter, 2005, (oct28) View citations (5)
19. Why has output become less volatile?
    FRBSF Economic Letter, 2005, (sep16)
20. Why hasn't the jump in oil prices led to a recession?
    FRBSF Economic Letter, 2005, (nov18) View citations (2)

2003

21. Forward-looking behavior and optimal discretionary monetary policy
    Economics Letters, 2003, 81, (2), 249-256 View citations (19)
    See also Working Paper Forward-looking behavior and optimal discretionary monetary policy, Working Paper Series (2003) View citations (10) (2003)
22. Productivity shocks and the unemployment rate
    Economic Review, 2003, 13-27 View citations (5)
23. Technological change
    FRBSF Economic Letter, 2003, (mar21)

2002

24. Predicting when the economy will turn
    FRBSF Economic Letter, 2002, (mar15) View citations (4)
25. Technical change and the dispersion of wages
    FRBSF Economic Letter, 2002, (aug9)

2001

26. Recent research on sticky prices
    FRBSF Economic Letter, 2001, (aug24)
27. Unemployment and productivity
    FRBSF Economic Letter, 2001, (oct12) View citations (1)

2000

28. Evaluating the stock market
    FRBSF Economic Letter, 2000, (jun23)
29. Information technology and productivity
    FRBSF Economic Letter, 2000, (nov.10)

1999

30. Economic activity and inflation
    FRBSF Economic Letter, 1999, (mar12) View citations (2)
31. Supply shocks and the conduct of monetary policy
    FRBSF Economic Letter, 1999, (jul2) View citations (4)

1998

32. Cities and growth
    FRBSF Economic Letter, 1998, (sep11)
33. Is it time to look at M2 again?
    FRBSF Economic Letter, 1998, (mar6) View citations (1)

1997

34. A new paradigm?
    FRBSF Economic Letter, 1997, (oct10) View citations (1)
35. Explaining unemployment: sectoral vs aggregate shocks
    Economic Review, 1997, 3-15 View citations (15)
36. Job creation and destruction
    FRBSF Economic Letter, 1997, (may2) View citations (7)
37. Location and the Growth of Nations
    Journal of Economic Growth, 1997, 2, (4), 399-418 View citations (101)
    See also Working Paper Location and the growth of nations, Working Papers in Applied Economic Theory (1997) View citations (99) (1997)

1996

38. Monetary policy: measurement and management
    FRBSF Economic Letter, 1996, (mar29)
39. Using monthly data to predict quarterly output
    Economic Review, 1996, 3-11 View citations (35)
40. What do wages tell us about future inflation?
    FRBSF Economic Letter, 1996, (jan19)

1995

41. Has the Fed gotten tougher on inflation?
    FRBSF Economic Letter, 1995, (mar31) View citations (14)
42. Modeling the time-series behavior of the aggregate wage rate
    Economic Review, 1995, 3-13 View citations (8)
    See also Working Paper Modelling the time series behavior of the aggregate wage rate, Working Papers in Applied Economic Theory (1992) View citations (2) (1992)
43. Monetary policy in a changing financial environment
    FRBSF Economic Letter, 1995, (may5)
44. The Cyclical Behavior of Prices: Interpreting the Evidence
    Journal of Money, Credit and Banking, 1995, 27, (3), 789-97 View citations (32)
    See also Working Paper The cyclical behavior of prices: interpreting the evidence, Working Papers in Applied Economic Theory (1993) View citations (2) (1993)
45. The credibility of inflation targets
    FRBSF Economic Letter, 1995, (jan6)

1994

46. The recent behavior of interest rates
    FRBSF Economic Letter, 1994, (oct7)
47. Trade and growth: some recent evidence
    FRBSF Economic Letter, 1994, (jul1)

1993

48. Bank lending and the transmission of monetary policy
    FRBSF Economic Letter, 1993, (sep3)
49. Real interest rates
    FRBSF Economic Letter, 1993, (nov5) View citations (2)
50. Why has employment grown so slowly?
    FRBSF Economic Letter, 1993, (apr9)

1992

51. An unprecedented slowdown?
    FRBSF Economic Letter, 1992, (may8) View citations (2)
52. Money, credit, and M2
    FRBSF Economic Letter, 1992, (sep4) View citations (5)
53. Predicting contemporaneous output
    Economic Review, 1992, 3-11 View citations (12)

1991

54. Controlling inflation
    FRBSF Economic Letter, 1991, (feb8)
55. Real business cycles: a selective survey
    Economic Review, 1991, (Spr), 3-17 View citations (2)
56. Real wages in the 1980s
    FRBSF Economic Letter, 1991, (nov22)
57. Testing Intertemporal Budget Constraints: Theory and Applications to U.S. Federal Budget and Current Account Deficits
    Journal of Money, Credit and Banking, 1991, 23, (2), 206-23 View citations (452)
    See also Working Paper Testing intertemporal budget constraints: theory and applications to U. S. federal budget and current account deficits, Working Papers in Applied Economic Theory (1988) View citations (45) (1988)
58. Using consumption to forecast income
    FRBSF Economic Letter, 1991, (jun7)

1990

59. Interpreting recent money growth
    FRBSF Economic Letter, 1990, (sep28) View citations (2)
60. Lessons from the oil shocks of the 1970s
    FRBSF Economic Letter, 1990, (nov9)
61. Seigniorage and tax smoothing in the United States 1914-1986
    Journal of Monetary Economics, 1990, 25, (1), 97-112 View citations (19)
    See also Working Paper Seigniorage and tax smoothing in the United States: 1914-1986, Working Papers in Applied Economic Theory (1988) View citations (2) (1988)
62. Unemployment and inflation
    FRBSF Economic Letter, 1990, (mar9)
63. What does unemployment tell us about future inflation?
    Economic Review, 1990, (Sum), 15-26
64. Working harder?
    FRBSF Economic Letter, 1990, (jun22) View citations (1)

1989

65. Do deficits cause inflation?
    FRBSF Economic Letter, 1989, (jul21)
66. Forecasting growth in current quarter real GNP
    Economic Review, 1989, (Win), 39-52 View citations (18)
67. Interpreting recent growth in M2
    FRBSF Economic Letter, 1989, (nov10)
68. Optimal inflation
    FRBSF Economic Letter, 1989, (aug4) View citations (1)
69. Unemployment-rate dynamics: aggregate-demand and -supply interactions
    Economic Review, 1989, (Fall), 20-37 View citations (5)

1988

70. Common trends, the government's budget constraint, and revenue smoothing
    Journal of Economic Dynamics and Control, 1988, 12, (2-3), 425-444 View citations (268)
    See also Working Paper Common trends, the government's budget constraint, and revenue smoothing, Working Papers in Applied Economic Theory (1987) View citations (2) (1987)
71. Monetary policy in West Germany
    FRBSF Economic Letter, 1988, (apr22)
72. The practice of monetary targeting: a case study of the West German experience
    Economic Review, 1988, (Spr), 30-44 View citations (11)

1987

73. Downgrading M1
    FRBSF Economic Letter, 1987, (mar13)
74. How reliable is M1A?
    FRBSF Economic Letter, 1987, (oct2)
75. Oil supply shocks and the U.S. economy
    FRBSF Economic Letter, 1987, (feb20)
76. PORTFOLIO SUBSTITUTION AND RECENT M1 BEHAVIOR
    Contemporary Economic Policy, 1987, 5, (1), 54-63 View citations (5)
77. Portfolio substitution and the reliability of M1, M2 and M3 as monetary policy indicators
    Economic Review, 1987, (Sum), 5-29 View citations (3)

1986

78. Does OPEC set oil prices?
    FRBSF Economic Letter, 1986, (dec19)
79. OPEC and oil prices
    FRBSF Economic Letter, 1986, (jun6)
80. Oil prices, exchange rates and the U.S. economy: an empirical investigation
    Economic Review, 1986, (Fall), 25-43 View citations (5)
81. The outlook for net exports
    FRBSF Economic Letter, 1986, (sep26)

1985

82. A monetary cure for the high dollar?
    FRBSF Economic Letter, 1985, (aug10)
83. Deposit deregulation and the behavior of M1
    FRBSF Economic Letter, 1985, (oct11)
84. Examining the recent surge in M1
    FRBSF Economic Letter, 1985, (nov15)
85. Signaling the Fed's intentions
    FRBSF Economic Letter, 1985, (jun28)
86. Signals from M1 and M2
    FRBSF Economic Letter, 1985, (sep20)
87. The September G-5 meeting and its impact
    FRBSF Economic Letter, 1985, (dec13)
88. The information content of credit aggregates
    Economic Review, 1985, (Spr), 28-39

1984

89. Are commodity prices foretelling deflation?
    FRBSF Economic Letter, 1984, (sep14)
90. Market expectations and Fed policy
    FRBSF Economic Letter, 1984, (aug24)
91. Money: Endogeneity and neutrality
    Journal of Monetary Economics, 1984, 14, (3), 385-393 View citations (4)

Chapters

1995

1. Discussion of 'The Determinants of Long-Run Growth'
   A chapter in Productivity and Growth, 1995