Working Papers

From Federal Reserve Bank of Minneapolis
Contact information at EDIRC.
Bibliographic data for series maintained by Kate Hansel ().

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.

654: Reply to Solow

Varadarajan Chari and Patrick Kehoe

653: Asymmetric expectation effects of regime shifts and the Great Moderation

Zheng Liu, Daniel Waggoner and Tao Zha

652: Sales and the real effects of monetary policy

Patrick Kehoe and Virgiliu Midrigan

651: Openness, technology capital, and development

Ellen McGrattan and Edward Prescott

650: If exchange rates are random walks then almost everything we say about monetary policy is wrong

Fernando Alvarez, Andrew Atkeson and Patrick Kehoe

649: New goods and the size distribution of firms

Erzo Luttmer

648: On the needed quantity of government debt

Kathryn Birkeland and Edward Prescott

647: Comparing alternative representations and alternative methodologies in business cycle accounting

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

646: Technology capital and the U.S. current account

Ellen McGrattan and Edward Prescott

645: Consumer search and firm growth

Erzo Luttmer

644: Investment-specific technological change, skill accumulation, and wage inequality

Hui He and Zheng Liu

643: Measurement with minimal theory

Ellen McGrattan

642: New evidence on state banking before the Civil War

Warren Weber

641: A model of banknote discounts

Laurence Ales, Francesca Carapella, Pricila Maziero and Warren Weber

640: Dynamic contracting, persistent shocks and optimal taxation

Yuzhe Zhang

639: Stochastic optimal growth with a non-compact state space

Yuzhe Zhang

638: Accounting for the heterogeneity in retirement wealth

Fang Yang

637: Smooth nonexpected utility without state independence

Hengjie Ai

636: Expensed and sweat equity

Ellen McGrattan and Edward Prescott

635: Consumption along the life cycle: how different is housing?

Fang Yang

634: Early state banks in the United States: how many were there and when did they exist?

Warren Weber

633: The size distribution of firms in an economy with fixed and entry costs

Erzo Luttmer

632: Taxation, entrepreneurship and wealth

Marco Cagetti and Mariacristina De Nardi

631: A critique of structural VARs using real business cycle theory

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

630: Efficiency with endogenous population growth

Mikhail Golosov, Larry Jones and Michele Tertilt

629: Banknote prices in the United States prior to 1860

Warren Weber

628: Designing optimal disability insurance

Mikhail Golosov and Aleh Tsyvinski

627: Time-varying risk, interest rates and exchange rates in general equilibrium

Fernando Alvarez, Andrew Atkeson and Patrick Kehoe

626: The optimal degree of discretion in monetary policy

Susan Athey, Andrew Atkeson and Patrick Kehoe

625: Business cycle accounting

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

624: Equilibrium and government commitment

Marco Bassetto

623: Banknote exchange rate in the antebellum United States

Warren Weber

622: On the robustness of herds

Varadarajan Chari and Patrick Kehoe

621: Competitive equilibria with limited enforcement

Patrick Kehoe and Fabrizio Perri

620: Entrepreneurship, frictions and wealth

Marco Cagetti and Mariacristina De Nardi

619: Accounting for the Great Depression (technical appendix)

Varadarajan Chari, Patrick Kehoe and Ellen McGrattan

618: Prosperity and Depression: 2002 Richard T. Ely Lecture

Edward Prescott

617: Consumer bankruptcy: a fresh start

Igor Livshits, James (Jim) MacGee and Michele Tertilt

616: The time consistency of monetary and fiscal policies

Fernando Alvarez, Patrick Kehoe and Pablo Neumeyer

615: Optimal indirect and capital taxation

Mikhail Golosov, Narayana Kocherlakota and Aleh Tsyvinski

614: The advantage of transparent instruments of monetary policy

Andrew Atkeson and Patrick Kehoe

613: On the optimality of transparent monetary policy

Susan Athey, Andrew Atkeson and Patrick Kehoe

612: A game-theoretic view of the fiscal theory of the price level

Marco Bassetto

611: Exhuming Q: market power capital market imperfections

Russell Cooper and Joao Ejarque

610: Taxes, regulations, and asset prices

Ellen McGrattan and Edward Prescott

609: Interest rates and inflation

Fernando Alvarez, Robert Lucas and Warren Weber

608: Limited enforcement and efficient interbank arrangements

Thorsten V. Koppl and James (Jim) MacGee

607: The 1990s in Japan: a lost decade

Fumio Hayashi and Edward Prescott

606: The transition to a new economy after the Second Industrial Revolution

Andrew Atkeson and Patrick Kehoe

605: Money, interest rates, and exchange rates with endogenously segmented asset markets

Fernando Alvarez, Andrew Atkeson and Patrick Kehoe