Discussion Paper / Institute for Empirical Macroeconomics

From Federal Reserve Bank of Minneapolis
Contact information at EDIRC.
Bibliographic data for series maintained by Jannelle Ruswick ( this e-mail address is bad, please contact ).

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

145: Learning your earning: are labor income shocks really very persistent?

Fatih Guvenen

144: Ben-Porath meets skill-biased technical change: a theoretical analysis of rising inequality

Fatih Guvenen and Burhanettin Kuruscu

143: Optimal welfare-to-work programs

Nicola Pavoni and Giovanni Violante

142: Search, money, and inflation under private information

Huberto Ennis

141: Urban structure and growth

Esteban Rossi-Hansberg and Mark Wright

140: Dynamic optimal taxation with private information

Stefania Albanesi and Christopher Sleet

139: Capital accumulation in a model of growth and creative destruction

Klaus Wälde

138: Does the progressivity of taxes matter for economic growth?

Elizabeth Caucutt, Selahattin Imrohoroglu and Krishna Kumar

137: The social discount rate

Andrew Caplin and John Leahy

136: Time inconsistent preferences and Social Security

Ayse Imrohoroglu, Selahattin Imrohoroglu and Douglas H. Joines

135: Knowledge exchange, matching, and agglomeration

Marcus Berliant, Robert Reed and Ping Wang

134: Bad politicians

Francesco Caselli and Massimo Morelli

133: Political economy of taxation in an overlapping-generations economy

Marco Bassetto

132: Efficient investment in children

S. Aiyagari, Jeremy Greenwood and Ananth Seshadri

131: Keynesian conundrum: multiplicity and time consistent stabilization

Bill Dupor

130: Chain of production as a monetary propagation mechanism

Kevin Huang and Zheng Liu

129: Entrepreneurial moral hazard and bank monitoring: a model of the credit channel

Rafael Repullo and Javier Suarez

128: Private money and reserve management in a random-matching model

Ricardo Cavalcanti, Andres Erosa and Ted Loch Temzelides

127: Staggered contracts and business cycle persistence

Kevin Huang and Zheng Liu

126: Microfoundations and macro implications of indivisible labor

Casey Mulligan

125: The demand for money by firms: some additional empirical results

Casey Mulligan

124: A Markov switching model of GNP growth with duration dependence

Pok-san Lam

123: The optimal inflation tax

Isabel Correia and Pedro Teles

122: Electronic money: the end of inflation?

Ramon Marimon, Juan Pablo Nicolini and Pedro Teles

121: The syndrome of exchange-rate-based stabilizations and the uncertain duration of currency pegs

Enrique Mendoza and Martín Uribe

120: Rational herd behavior and the globalization of securities markets

Guillermo Calvo and Enrique Mendoza

119: International portfolio diversification and labor/leisure choice

Urban Jermann

118: Monetary policy regimes and beliefs

David Andolfatto and Paul Gomme

117: Relationship between labor-income risk and average return: empirical evidence from the Japanese stock market

Ravi Jagannathan, Keiichi Kubota and Hitoshi Takehara

116: Entrepreneurship, saving and social mobility

Vincenzo Quadrini

115: Plant level irreversible investment and equilibrium business cycles

Marcelo Veracierto

114: The role of trade in technology diffusion

Andres Rodriguez-Clare

113: Fluctuating risk in an aggregated Ss-model

John Hassler

112: Aggregate employment fluctuations with microeconomic asymmetries

Jeffrey Campbell and Jonas Fisher

111: Limited-dependent rational expectations models with jumps

Mohammad Pesaran and Francisco Ruge-Murcia

110: On convergence in endogenous growth models

Salvador Ortigueira and Manuel Santos

109: A note on dynamic programming with homogeneous functions

Nancy Stokey

108: NAFTA and Mexican development

Nancy Stokey

107: Accuracy estimates for a numerical approach to stochastic growth models

Manuel Santos and Jesus Vigo

106: Understanding why high income households save more than low income households

Mark Huggett and Gustavo Ventura

105: The one-sector growth model with idiosyncratic shocks

Mark Huggett

104: (S,s) inventory policies in general equilibrium

Jonas Fisher and Andreas Hornstein

103: Measuring the cyclical behavior of home production: a macroeconomic analysis

Beth Ingram, Narayana Kocherlakota and N. E. Savin

102: The equity premium: it's still a puzzle

Narayana Kocherlakota

101: A toolkit for analyzing nonlinear dynamic stochastic models easily

Harald Uhlig

100: On the dynamic selection of mechanisms for provisions of public projects

Roger Lagunoff

99: Time-varying risk and international portfolio diversification with contagious bear markets

Giorgio De Santis and Bruno Gerard

98: Fiscal policy, productivity shocks, and the U.S. trade balance deficit

Robert Kollmann

97: On the economics of fiscal populism in an open economy

Jess Benhabib and Andres Velasco

96: Stochastic volatility and the distribution of exchange rate news

Ronald Mahieu and Peter C. Schotman