Working Papers

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360: The banking crisis of the 1930s: new evidence from bank examination records

Arthur J. Rolnick

357: Temporal aggregation and the stock adjustment model of inventories

Lawrence Christiano and Martin Eichenbaum

356: Equilibrium existence in an overlapping generations model with altruistic preferences

S. Aiyagari

341: Household choices in equilibrium

Sumru Altug and Robert A. Miller

338: Dynamic properties of two approximate solutions to a particular growth model

Lawrence Christiano

325: Nonmonetary steady states in stationary overlapping generations models with long lived agents and discounting: multiplicity, optimality, and consumption smoothing

S. Aiyagari

320: Banking panics, information, and rational expectations equilibrium

S. Aiyagari

312: Optimality and monetary equilibria in stationary overlapping generations models with long lived agents: growth versus discounting

S. Aiyagari

306: Temporal aggregation and structural inference in macroeconomics

Lawrence Christiano and Martin Eichenbaum

304: A continuous time, general equilibrium, inventory-sales model

Lawrence Christiano and Martin Eichenbaum

303: On the accuracy of linear quadratic approximations: an example

Lawrence Christiano

302: Temporal aggregation bias and government policy evaluation

Lawrence Christiano

301: Estimating continuous time rational expectations models in frequency domain: a case study

Lawrence Christiano

297: The limits of counter-cyclical monetary policy: an analysis based on optimal control theory and vector autoregressions

Robert Litterman

296: Bank holding company diversification into nonbank lines of business: the effects on risk and rate of return

John H. Boyd and Stanley L. Graham

293: Government debt and taxes

Thomas Sargent

280: Identification and estimation of a model of hyperinflation with a continuum of \"sunspot\" equilibrium

Thomas Sargent and Neil Wallace

277: Time to build and aggregate fluctuations: some new evidence

Sumru Altug

275: Inherent instability in banking: the free banking experience

Arthur J. Rolnick and Warren Weber

274: Forecasting with Bayesian vector autoregressions five years of experience

Robert Litterman

268: National monetary policies in a world economy: a role for cooperation

Preston J. Miller and Neil Wallace

265: Suspension and the financing of the Civil War: a critique of Newcomb and Mitchell

Arthur J. Rolnick and Neil Wallace

254: The costs of intermediate targeting

Robert Litterman

244: Optimal income tax in a monetary economy

Preston J. Miller

239: \"Can the cycle be reconciled with a consistent theory of expectations?\" - or a progress report on business cycle theory

Edward Prescott

222: After Penn Square: the insurance dilemma

Evelyn F. Carroll and Arthur J. Rolnick

218: Money, nonconvex preferences, and the existence of equilibrium: a note

Bruce Smith

216: Money as a medium of transaction in the overlapping generations model

Bruce Smith

213: A time series analysis of federal budget policy

Preston J. Miller

210: A monetarist approach to federal budget control

Preston J. Miller

205: Human capital investment, and the inefficiency of compensation based on marginal productivity: the static case

Bruce Smith

204: Limited information, money, and competitive equilibrium

Bruce Smith

170: \"Dollarization,\" seignorage, and the demand for money

Thomas Sargent

165: The term structure of interest rates and the aliasing identification problem

Lawrence Christiano

163: Rational expectations, hyperinflation, and the demand for money

Lawrence Christiano

158: The ends of four big inflations

Thomas Sargent

152: The case for branch banking in Montana

Stanley L. Graham and Arthur J. Rolnick

135: Linear rational expectations models for dynamically interrelated variables

Lars Hansen and Thomas Sargent

127: Formulating and estimating dynamic linear rational expectations models

Lars Hansen and Thomas Sargent

124: A test of the exogeneity of national variables in a regional econometric model

Paul A. Anderson

115: Techniques of forecasting using vector autoregressions

Robert Litterman

104: Forecasting with econometric methods: a comment

Preston J. Miller

101: Is Keynesian economics a dead end?

Thomas Sargent

85: The influence of regulation on competition in the United States banking industry

Stanley L. Graham and Arthur J. Rolnick

83: A little bit of evidence on the natural rate hypothesis from the U.S

Salih Neftci and Thomas Sargent

79: Econometric exogeneity and alternative estimators of portfolio balance schedules for hyperinflations: a note

Thomas Sargent

76: The Thomson-Pierce monthly model: a test for structural change

John H. Kareken, Arthur J. Rolnick and Neil Wallace

75: Interest rates and prices in the long run: a study of the Gibson paradox

Thomas Sargent

73: An inquiry into the conditions under which a single endowment trust fund will provide perpetual funding for an expense stream growing at a compound annual rate

Ron Kaatz and Preston J. Miller

63: The policy procedure of the FOMC: a critique

John H. Kareken and Preston J. Miller

60: The demand for money during hyperinflations under rational expectations: II

Thomas Sargent

58: Seasonality and portfolio balance under rational expectations

Rusdu Saracoglu and Thomas Sargent

57: The transactions demand for money in a three-asset economy

Preston J. Miller

55: Business cycle modeling without pretending to have too much a priori economic theory

Thomas Sargent and Christopher Sims

54: Testing for neutrality and rationality

Thomas Sargent

53: Observations on improper methods of simulating and teaching Friedman's time series consumption model

Thomas Sargent

49: Categories of criticism of the rational expectations theory

Preston J. Miller, Clarence W. Nelson and Thomas M. Supel

48: The observational equivalence of natural and unnatural rate theories of macroeconomics

Thomas Sargent

46: Nonreporting of savings accounts in sample savings: causes and correlates

E. Scott Maynes and Arthur J. Rolnick

45: Stabilization policy: a framework for analysis

Arthur J. Rolnick

29: Rational expectations and the theory of economic policy

Thomas Sargent and Neil Wallace

27: Dynamic analysis of a Keynesian model

Thomas Sargent

26: Unemployment and stabilization policy in a two-sector, two-country aggregative model

Dale Henderson and Thomas Sargent

23: Naive business cycle theory

Thomas Sargent

1: Stopping moderate inflations: the methods of Poincaré and Thatcher

Thomas Sargent