Staff Report

From Federal Reserve Bank of Minneapolis
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358: A model of job and worker flows

Nobuhiro Kiyotaki and Ricardo Lagos

357: The economics of ideas and intellectual property

Michele Boldrin and David Levine

356: Deflation and the international Great Depression: a productivity puzzle

Harold Cole, Ron Leung and Lee Ohanian

355: Real effects of inflation through the redistribution of nominal wealth

Matthias Doepke and Martin Schneider

354: The macroeconomics of child labor regulation

Matthias Doepke and Fabrizio Zilibotti

353: Sudden stops and output drops

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

352: Idiosyncratic shocks and the role of nonconvexities in plant and aggregate investment dynamics

Aubhik Khan and Julia Thomas

351: Latin America in the rearview mirror

Harold Cole, Lee Ohanian, Alvaro Riascos and James Schmitz

350: Productivity and the post-1990 U.S. economy

Ellen McGrattan and Edward Prescott

349: Patrick Kehoe's comment on \\"Determinants of business cycle comovement: a robust analysis\\" by Marianne Baxter and Michael Kouparitsas

Patrick Kehoe

348: Comment on Mendoza and Tesar's "Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU"

Ellen McGrattan

347: Rent-seeking and innovation

Michele Boldrin and David Levine

346: A unified framework for monetary theory and policy analysis

Ricardo Lagos and Randall Wright

345: A model of TFP

Ricardo Lagos

344: Were U.S. state banknotes priced as securities?

Warren Weber

343: Modeling inventories over the business cycle

Aubhik Khan and Julia Thomas

342: Inflation, output and welfare

Ricardo Lagos and Guillaume Rocheteau

341: Money and capital as competing media of exchange

Ricardo Lagos and Guillaume Rocheteau

340: Taxation, entrepreneurship, and wealth

Marco Cagetti and Mariacristina De Nardi

339: IER Lawrence Klein Lecture: the case against intellectual monopoly

Michele Boldrin and David Levine

338: Comment on Gali and Rabanal's "Technology shocks and aggregate fluctuations: how well does the RBC model fit postwar U.S. data?"

Ellen McGrattan

337: Privatization's impact on private productivity: the case of Brazilian iron ore

James Schmitz and Arilton Teixeira

336: The intergenerational state: education and pensions

Michele Boldrin and Ana Montes

335: Business cycles in emerging economies: the role of interest rates

Pablo Neumeyer and Fabrizio Perri

334: U.S. real exchange rate fluctuations and relative price fluctuations

Caroline Betts and Timothy Kehoe

333: A unified theory of the evolution of international income levels

Stephen Parente and Edward Prescott

332: Dissecting trade: firms, industries, and export destinations

Jonathan Eaton, Samuel Kortum and Francis Kramarz

331: Deflation and depression: is there an empirical link?

Andrew Atkeson and Patrick Kehoe

330: On the desirability of fiscal constraints in a monetary union

Varadarajan Chari and Patrick Kehoe

329: Inventories and the business cycle: an equilibrium analysis of (S,s) policies

Aubhik Khan and Julia Thomas

328: Business cycle accounting

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

327: Partial adjustment without apology

Robert King and Julia Thomas

326: The optimal degree of discretion in monetary policy

Susan Athey, Andrew Atkeson and Patrick Kehoe

325: A theory of factor allocation and plant size

Thomas Holmes and Matthew Mitchell

324: How important is the new goods margin in international trade?

Timothy Kehoe and Kim Ruhl

323: Opportunity and social mobility

Christopher Phelan

322: Entrepreneurship, frictions, and wealth

Marco Cagetti and Mariacristina De Nardi

321: Why do Americans work so much more than Europeans?

Edward Prescott

320: An evaluation of the performance of applied general equilibrium models of the impact of NAFTA

Timothy Kehoe

319: Expectation traps and monetary policy

Stefania Albanesi, Varadarajan Chari and Lawrence Christiano

318: What can we learn from the current crisis in Argentina?

Timothy Kehoe

317: Why are married women working so much?

Larry Jones, Rodolfo Manuelli and Ellen McGrattan

316: Financial crises as herds: overturning the critiques

Varadarajan Chari and Patrick Kehoe

315: Does neoclassical theory account for the effects of big fiscal shocks? Evidence from World War II

Ellen McGrattan and Lee Ohanian

314: Wealth inequality and intergenerational links

Mariacristina De Nardi

313: Average debt and equity returns: puzzling?

Ellen McGrattan and Edward Prescott

312: Non-convexities in quantitative general equilibrium studies of business cycles

Edward Prescott

311: Overturning Mundell: fiscal policy in a monetary union

Russell Cooper and Hubert Kempf

310: The economics of labor adjustment: mind the gap

Russell Cooper and Jonathan Willis

309: Taxes, regulations, and the value of U.S. and U.K. corporations

Ellen McGrattan and Edward Prescott