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• Discussion Paper 145 (October 2006)
  Learning Your Earning: Are Labor Income Shocks Really Very Persistent?
  Fatih Guvenen
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 144 (October 2006)
  Ben-Porath Meets Skill-Biased Technical Change: A Theoretical Analysis of Rising Inequality
  Fatih Guvenen and Burhanettin Kuruscu
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 143 (December 2005)
  Optimal Welfare-to-Work Programs
  Nicola Pavoni and Giovanni L. Violante
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 142 (August 2004)
  Search, Money, and Inflation under Private Information
  Huberto M. Ennis
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 141 (November 2003)
  Urban Structure and Growth
  Esteban Rossi-Hansberg and Mark L. J. Wright
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 140 (Revised May 2004)
  Dynamic Optimal Taxation with Private Information
  Stefania Albanesi and Christopher Sleet
  Published In: Review of Economic Studies (Vol. 73, No. 1, January 2006, pp. 1-30)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 139 (October 2001)
  Capital Accumulation in a Model of Growth and Creative Destruction
  Klaus Walde
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 138 (December 2000)
  Does the Progressivity of Taxes Matter for Economic Growth?
  Elizabeth M. Caucutt, Selahattin Imrohoroglu, and Krishna B. Kumar
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 137 (January 2001)
  The Social Discount Rate
  Andrew Caplin and John Leahy
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 136 (August 2000)
  Time Inconsistent Preferences and Social Security
  Selahattin Imrohoroglu, Ayse Imrohoroglu, and Douglas H. Joines
  Published In: Quarterly Journal of Economics (Vol. 118, No. 2, May 2003, pp. 745-784)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 135 (June 2000)
  Knowledge Exchange, Matching, and Agglomeration
  Marcus Berliant, Robert R. Reed III, and Ping Wang
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 134 (March 2000)
  Bad Politicians
  Francesco Caselli and Massimo Morelli
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 133 (December 1999)
  Political Economy of Taxation in an Overlapping-Generations Economy
  Marco Bassetto
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 132 (December 1999)
  Efficient Investment in Children
  S. Rao Aiyagari, Jeremy Greenwood, and Ananth Seshadri
  Published In: Journal of Economic Theory (Vol. 102, No. 2, February 2002, pp. 290-321)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 131 (August 1999)
  Keynesian Conundrum: Multiplicity and Time Consistent Stabilization
  Bill Dupor
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 130 (June 1999)
  Chain of Production as a Monetary Propagation Mechanism
  Kevin X. D. Huang and Zheng Liu
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 129 (March 1999)
  Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel
  Rafael Repullo and Javier Suarez
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 128 (February 1999)
  Private Money and Reserve Management in a Random-Matching Model
  Ricardo de O. Cavalcanti, Andrés Erosa, and Ted Temzelides
  Published In: Journal of Political Economy (Vol. 107, No. 5, October 1999, pp. 929-945)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 127 (Revised September 1999)
  Staggered Contracts and Business Cycle Persistence
  Kevin X. D. Huang and Zheng Liu
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 126 (July 1998)
  Microfoundations and Macro Implications of Indivisible Labor
  Casey B. Mulligan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 125 (December 1997)
  The Demand for Money by Firms: Some Additional Empirical Results
  Casey B. Mulligan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 124 (December 1997)
  A Markov Switching Model of GNP Growth With Duration Dependence
  Pok-sang Lam
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 123 (Revised August 1997)
  The Optimal Inflation Tax
  Isabel Correia and Pedro Teles
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 122 (August 1997)
  Electronic Money: The End of Inflation?
  Ramon Marimon, Juan Pablo Nicolini, and Pedro Teles
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 121 (August 1997)
  The Syndrome of Exchange-Rate-Based Stabilizations and the Uncertain Duration of Currency Pegs
  Enrique G. Mendoza and Martín Uribe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 120 (August 1997)
  Rational Herd Behavior and the Globalization of Securities Markets
  Guillermo A. Calvo and Enrique G. Mendoza
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 119 (July 1997)
  International Portfolio Diversification and Labor/Leisure Choice
  Urban J. Jermann
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 118 (July 1997)
  Monetary Policy Regimes and Beliefs
  David Andolfatto and Paul Gomme
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 117 (June 1997)
  Relationship Between Labor-Income Risk and Average Return: Empirical Evidence From the Japanese Stock Market
  Ravi Jagannathan, Keiichi Kubota, and Hitoshi Takehara
  Published In: Journal of Business (Vol. 71, No. 3, July 1998, pp. 319-347)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 116 (April 1997)
  Entrepreneurship, Saving, and Social Mobility
  Vincenzo Quadrini
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 115 (March 1997)
  Plant Level Irreversible Investment and Equilibrium Business Cycles
  Marcelo Veracierto
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 114 (November 1996)
  The Role of Trade in Technology Diffusion
  Andrés Rodríguez-Clare
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 113 (October 1996)
  Fluctuating Risk in an Aggregated Ss-Model
  John Hassler
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 112 (September 1996)
  Aggregate Employment Fluctuations with Microeconomic Asymmetries
  Jeffrey R. Campbell and Jonas D. M. Fisher
  Published In: American Economic Review (Vol. 90, No. 5, December 2000, pp. 1323-1345)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 111 (June 1996)
  Limited-Dependent Rational Expectations Models With Jumps
  M. Hashem Pesaran and Francisco J. Ruge-Murcia
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 110 (March 1996)
  On Convergence in Endogenous Growth Models
  Salvador Ortigueira and Manuel S. Santos
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 109 (March 1996)
  A Note on Dynamic Programming With Homogeneous Functions
  Nancy L. Stokey
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 108 (March 1996)
  NAFTA and Mexican Development
  Nancy L. Stokey
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 107 (December 1995)
  Accuracy Estimates for a Numerical Approach to Stochastic Growth Models
  Manuel S. Santos and Jesus Vigo
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 106 (October 1995)
  Understanding Why High Income Households Save More Than Low Income Households
  Mark Huggett and Gustavo Ventura
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 105 (November 1995)
  The One-Sector Growth Model With Idiosyncratic Shocks
  Mark Huggett
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 104 (September 1995)
  (S,s) Inventory Policies in General Equilibrium
  Jonas D. M. Fisher and Andreas Hornstein
  Published In: Review of Economic Studies (Vol. 67, No. 1, January 2000, pp. 117-145)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 103 (August 1995)
  Measuring the Cyclical Behavior of Home Production: A Macroeconomic Analysis
  Beth F. Ingram, Narayana R. Kocherlakota, and N. E. Savin
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 102 (August 1995)
  The Equity Premium: It's Still a Puzzle
  Narayana R. Kocherlakota
  Published In: Journal of Economic Literature (Vol. 34, No. 1, March 1996, pp. 42-71)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 101 (June 1995)
  A Toolkit for Analyzing Nonlinear Dynamic Stochastic Models Easily
  Harald Uhlig
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Discussion Paper 100 (May 1995)
  On the Dynamic Selection of Mechanisms for Provision of Public Projects
  Roger Lagunoff
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 99 (March 1995)
  Time-Varying Risk and International Portfolio Diversification with Contagious Bear Markets
  Bruno Gerard and Giorgio De Santis
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 98 (February 1995)
  Fiscal Policy, Productivity Shocks, and the U.S. Trade Balance Deficit
  Robert Kollman
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 97 (January 1995)
  On the Economies of Fiscal Populism in an Open Economy
  Jess Benhabib and Andrés Velasco
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 96 (December 1994)
  Stochastic Volatility and the Distribution of Exchange Rate News
  Ronald Mahieu and Peter C. Schotman
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 95 (December 1994)
  The Replacement Problem
  Thomas F. Cooley, Jeremy Greenwood, and Mehmet Yorukoglu
  Published In: Journal of Monetary Economics (Vol. 40, No. 3, December 1997, pp. 457-499)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 94 (October 1994)
  Fiscal Spending Shocks, Endogenous Government Spending, and Real Business Cycles
  Steve Ambler and Alain Paquet
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 93 (July 1994)
  Stock Returns and Volatility in Emerging Financial Markets
  Selahattin Imrohoroglu and Giorgio De Santis
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 92 (July 1994)
  The Effect of Tax-Favored Retirement Accounts on Capital Accumulation and Welfare
  Selahattin Imrohoroglu, Ayse Imrohoroglu, and Douglas H. Joines
  Published In: American Economic Review (Vol. 88, No. 4, September 1998, pp. 749-768)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 91 (May 1994)
  Solving Nonlinear Rational Expectations Models by Parametrized Expectations: Convergence to Stationary Solutions
  Albert Marcet and David A. Marshall
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 90 (April 1994)
  Equilibrium Selections
  Beth Allen, Jayasri Dutta, and Heraklis M. Polemarchakis
  Published In: Essays in economic theory, growth, and labor markets: A festschrift in honor of E. Drandakis (2002, pp. 33-54)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 89 (March 1994)
  The Real Business Cycle: Intermediate Inputs and Sectoral Comovement
  Andreas Hornstein and Jack Praschnik
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 88 (February 1994)
  The Cyclical Behavior of Job Creation and Job Destruction: A Sectoral Model
  Jeremy Greenwood, Glenn M. MacDonald, and Guang-Jia Zhang
  Published In: Economic Theory (Vol. 7, No. 1, January 1996, pp. 95-112)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 87 (December 1993)
  On Intertemporal General-Equilibrium Reallocation Effects of Europe's Move to a Single Market
  Bernardin Akitoby and Jean Mercenier
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 86 (May 1993)
  New Evidence on Altruism: A Study of TIAA-CREF Retirees
  F. Thomas Juster and John Laitner
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 85 (May 1993)
  Endogenous Expenditures on Public Schools and Persistent Growth
  Gerhard Glomm and B. Ravikumar
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 84 (May 1993)
  A Time Series Model with Periodic Stochastic Regime Switching
  Eric Ghysels
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 83 (May 1993)
  Start-up Costs and Pecuniary Externalities as Barriers to Economic Development
  Antonio Ciccone and Kiminori Matsuyama
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 82 (May 1993)
  Custom Versus Fashion: Path-Dependence and Limit Cycles in a Random Matching Game
  Kiminori Matsuyama
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 81 (May 1993)
  Modelling Complementarity in Monopolistic Competition
  Kiminori Matsuyama
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 80 (February 1993)
  A Business Cycle Model with Nominal Wage Contracts and Government
  Jang-Ok Cho and Louis Phaneuf
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 79 (February 1993)
  Cyclical Factor Utilization
  Mark Bils and Jang-Ok Cho
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 78 (December 1992)
  The Efficiency and Welfare Effects of Tax Reform: Are Fewer Tax Brackets Better Than More?
  David Altig and Charles T. Carlstrom
  Published In: Federal Reserve Bank of Cleveland Economic Review (Vol. 30, No. 4, 4th Quarter 1994, pp. 30-42)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 77 (November 1992)
  A Dynamic Index Model for Large Cross Sections
  Danny Quah and Thomas J. Sargent
  Published In: Business cycles, indicators, and forecasting (1993, pp. 285-306)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 76 (October 1992)
  Macroeconomic Implications of Investment-Specific Technological Change
  Jeremy Greenwood, Zvi Hercowitz, and Per Krusell
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 75 (October 1992)
  Empirical Cross-Section Dynamics in Economic Growth
  Danny Quah
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 74 (August 1992)
  Communication, Commitment, and Growth
  Albert Marcet and Ramon Marimon
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 73 (August 1992)
  Expectationally-Driven Market Volatility: An Experimental Study
  Ramon Marimon, Stephen E. Spear, and Shyam Sunder
  Published In: Journal of Economic Theory (Vol. 61, No. 1, October 1993, pp. 74-103)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 72 (August 1992)
  Federal Fiscal Constitutions Part 1: Risk Sharing and Moral Hazard
  Torsten Persson and Guido Tabellini
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 71 (July 1992)
  On the Cyclical Allocation of Risk
  Paul Gomme and Jeremy Greenwood
  Published In: Journal of Economic Dynamics and Control (Vol. 19, No. 1-2, January-February 1995, pp. 91-124)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 70 (July 1992)
  Liquidity Effects, Monetary Policy, and The Business Cycle
  Lawrence J. Christiano and Martin Eichenbaum
  Published In: Journal of Money, Credit, and Banking (Vol. 27, No. 4, November 1995, pp. 1113-1136)
  Published In: Federal Reserve Bank of Chicago Economic Perspectives (Vol. 16, No. 6, November-December 1992, pp. 2-14)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 69 (July 1992)
  Alternative Specifications for Consumption and the Estimation of the Intertemporal Elasticity of Substitution
  Paul Beaudry and Eric van Wincoop
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 68 (July 1992)
  Liquidity and Real Activity in Three Monetary Models
  Don E. Schlagenhauf and Jeffrey M. Wrase
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 67 (July 1992)
  A Monetary, Open-Economy Model with Capital Mobility
  Don E. Schlagenhauf and Jeffrey M. Wrase
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 66 (June 1992)
  Solving Nonlinear Dynamic Models on Parallel Computers
  Wilbur John Coleman II
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 65 (May 1992)
  Dynamics of the Trade Balance and the Terms of Trade: The J-Curve Revisited
  David K. Backus, Patrick J. Kehoe, and Finn E. Kydland
  Published In: American Economic Review (Vol. 84, No. 1, March 1994, pp. 84-103)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 64 (May 1992)
  Priors for Macroeconomic Time Series and Their Application
  John F. Geweke
  Published In: Econometric Theory (Vol. 10, No. 3-4, August-October 1994, pp. 609-632)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 63 (May 1992)
  The Swedish Business Cycle: Stylized Facts Over 130 Years
  John Hassler, Petter Lundvik, Torsten Persson, and Paul Soderlind
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 62 (May 1992)
  Politics and Economic Policy
  Torsten Persson
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 61 (March 1992)
  Risk-Taking, Global Diversification, and Growth
  Maurice Obstfeld
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 60 (March 1992)
  The Equity Premium and the Allocation of Income Risk
  Jean-Pierre Danthine, John B. Donaldson, and Rajnish Mehra
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 59 (March 1992)
  Business Cycles and the Asset Structure of Foreign Trade
  Marianne Baxter and Mario J. Crucini
  Published In: International Economic Review (Vol. 36, No. 4, November 1995, pp. 821-854)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 58 (January 1992)
  Computing Markov Perfect Nash Equilibria: Numerical Implications of a Dynamic Differentiated Product Model
  Paul McGuire and Ariel Pakes
  Published In: RAND Journal of Economics (Vol. 25, No. 4, Winter 1994, pp. 555-589)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 57 (January 1992)
  Liquidity and Real Activity in a Simple Open Economy Model
  Don E. Schlagenhauf and Jeffrey M. Wrase
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 56 (December 1991)
  Fiscal Policy, Specialization, and Trade in the Two-Sector Model: The Return of Ricardo?
  Marianne Baxter
  Published In: Journal of Political Economy (Vol. 100, No. 4, August 1992, pp. 713-744)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 55 (November 1991)
  Money and Growth Revisited
  Paul Gomme
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 54 (November 1991)
  Individual Heterogeneity and Interindustry Wage Differentials
  Michael P. Keane
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 53 (November 1991)
  Productive Externalities and Business Cycles
  Marianne Baxter and Robert G. King
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 52 (September 1991)
  Comparing Predictive Accuracy I: An Asymptotic Test
  Francis X. Diebold and Roberto S. Mariano
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 51 (September 1991)
  The Employment and Wage Effects of Oil Price Shocks: A Sectoral Analysis
  Michael P. Keane and Eswar S. Prasad
  Published In: Review of Economics and Statistics (Vol. 78, No. 3, August 1996, pp. 389-400)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 50 (September 1991)
  Energy Price Shocks, Capacity Utilization and Business Cycle Fluctuations
  Mary G. Finn
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 49 (August 1991)
  Minimum Weighted Residual Methods for Solving Aggregate Growth Models
  Kenneth L. Judd
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 48 (July 1991)
  Risk-sharing, Altruism, and the Factor Structure of Consumption
  Joseph Altonji, Fumio Hayashi, and Laurence Kotlikoff
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 47 (July 1991)
  Human Capital, Aggregate Shocks, and Panel Data Estimation
  Sumru Altug and Robert A. Miller
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 46 (June 1991)
  The Permanent Income Hypothesis when the Bliss Point is Stochastic
  James M. Nason
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 45 (June 1991)
  Seasonality and Equilibrium Business Cycle Theories
  R. Anton Braun and Charles L. Evans
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 44 (June 1991)
  When Unit Roots Matter: Excess Volatility and Excess Smoothness of Long Term Interest Rates
  Peter C. Schotman
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 43 (June 1991)
  On Bayesian Routes to Unit Roots
  Herman K. van Dijk and Peter C. Schotman
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 42 (June 1991)
  Price Deflation and Real Tariff Rates: The United States, 1903 to 1940
  Mario J. Crucini
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 41 (May 1991)
  The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours and Wages
  Michael P. Keane and Eswar S. Prasad
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 40 (March 1991)
  Seigniorage and the Welfare Cost of Inflation: Evidence from an Intertemporal Model of Money and Consumption
  Zvi Eckstein and Leonardo Leiderman
  Published In: Journal of Monetary Economics (Vol. 29, No. 3, June 1992, pp. 389-410)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 39 (March 1991)
  Employment and Business Cycle Asymmetries: A Data Based Study
  Gerard A. Pfann
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 38 (January 1991)
  Tax Distortions in a Neoclassical Monetary Economy
  Thomas F. Cooley and Gary D. Hansen
  Published In: Journal of Economic Theory (Vol. 58, No. 2, December 1992, pp. 290-316)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 37 (January 1991)
  The Macroeconomic Effects of Distortionary Taxation
  Ellen R. McGrattan
  Published In: Journal of Monetary Economics (Vol. 33, No. 3, 1994, pp. 573-601)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 36 (Revised April 1992)
  Recursive Methods for Computing Equilibria of Business Cycle Models
  Gary D. Hansen and Edward C. Prescott
  Published In: Frontiers of business cycle research (1995, pp. 39-64)
  Published In: Equilibrium growth theories (1991, pp. 124-138)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 35 (December 1990)
  Rational Expectations Models with Seasonally Adjusted Data
  Christopher A. Sims
  Published In: Journal of Econometrics (Vol. 55, No. 1-2, January-February 1993, pp. 9-19)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 34 (November 1990)
  On Maximum-Likelihood Estimation of the Differencing Parameter of Fractionally Integrated Noise With Unknown Mean
  Yin-Wong Cheung and Francis X. Diebold
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 33 (November 1990)
  Have Postwar Economic Fluctuations Been Stabilized?
  Francis X. Diebold and Glenn D. Rudebusch
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 32 (October 1990)
  Real Exchange Rates Under the Gold Standard
  Francis X. Diebold, Steven Husted, and Mark Rush
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 31 (July 1990)
  International Evidence on Business Cycle Duration Dependence
  Francis X. Diebold, Glenn D. Rudebusch, and Daniel E. Sichel
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 30 (July 1990)
  Ex-Day Behavior of Japanese Stock Prices: New Insights From New Methodology
  Fumio Hayashi and Ravi Jagannathan
  Published In: Journal of Japanese and International Economics (Vol. 4, No. 4, December 1990, pp. 401-427)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 29 (April 1990)
  Implications of Security Market Data for Models of Dynamic Economies
  Lars Peter Hansen and Ravi Jagannathan
  Published In: Journal of Political Economy (Vol. 99, No. 2, April 1991, pp. 225-262)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 28 (Revised February 1991)
  Sectoral Shift Theories of Unemployment: Evidence From Panel Data
  Michael P. Keane
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 27 (Revised September 1990)
  Nominal Contracting Theories of Unemployment: Evidence From Panel Data
  Michael P. Keane
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 26 (March 1990)
  The Allocation of Goods and Time Over the Business Cycle
  Jeremy Greenwood and Zvi Hercowitz
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 25 (March 1990)
  The Output, Employment, and Interest Rate Effects of Government Consumption
  S. Rao Aiyagari, Lawrence J. Christiano, and Martin Eichenbaum
  Published In: Journal of Monetary Economics (Vol. 30, No. 1, October 1992, pp. 73-86)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 24 (January 1990)
  Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations
  Lawrence J. Christiano and Martin Eichenbaum
  Published In: Real business cycles: A reader (1998, pp. 179-199)
  Published In: Business cycle theory (1995, pp. 397-417)
  Published In: American Economic Review (Vol. 82, No. 3, June 1992, pp. 430-450)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 23 (December 1989)
  The Role of Money in a Business Cycle Model
  Finn E. Kydland
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 22 (December 1989)
  Modeling Trends
  Christopher A. Sims
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 21 (December 1989)
  Comparisons of Alternative Schemes for the U.S. Real GNP-Unemployment Level Correlation: Sensitivity Analysis
  Masanao Aoki
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 20 (December 1989)
  Structural Changes in the Real GNP Interdependence of the U.S., West Germany, and Japan During the Period 1970-1986
  Masanao Aoki
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 19 (November 1989)
  Instrumental Variable Estimators for State Space Models
  Masanao Aoki
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 18 (October 1989)
  Unit Roots in Real GNP: Do We Know, and Do We Care?
  Lawrence J. Christiano and Martin Eichenbaum
  Published In: Carnegie-Rochester Conference Series on Public Policy (Vol. 32, Spring 1990, pp. 7-61)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 17 (August 1989)
  Hours and Employment Variation in Business Cycle Theory
  Finn E. Kydland and Edward C. Prescott
  Published In: Economic Theory (Vol. 1, No. 1, January 1991, pp. 63-81)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 16 (May 1989)
  A Computationally Practical Simulation Estimator for Panel Data
  Michael P. Keane
  Published In: Recent developments in the econometrics of panel data (Vol. 2, 2002, pp. 72-93)
  Published In: Econometrica (Vol. 62, No. 1, January 1994, pp. 95-116)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 15 (May 1989)
  Solving Nonlinear Stochastic Optimization and Equilibrium Problems Backwards
  Christopher A. Sims
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 14 (May 1989)
  A Nine Variable Probabilistic Macroeconomic Forecasting Model
  Christopher A. Sims
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 13 (May 1989)
  The Relationship of Firm Growth and Q With Multiple Capital Goods: Theory and Evidence From Panel Data on Japanese Firms
  Fumio Hayashi and Tohru Inoue
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 12 (February 1989)
  Stochastic Inflation and the Equity Premium
  Pamela Labadie
  Published In: Journal of Monetary Economics (Vol. 24, No. 2, September 1989, pp. 277-298)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 11 (April 1989)
  Models and Their Uses
  Christopher A. Sims
  Published In: American Journal of Agricultural Economics (Vol. 71, No. 2, May 1989, pp. 489-494)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 10 (January 1989)
  The Magnitude of the Speculative Motive for Holding Inventories in a Real Business Cycle Model
  Lawrence J. Christiano and Terry J. Fitzgerald
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 9 (January 1989)
  Solving a Particular Growth Model by Linear Quadratic Approximation and by Value Function Iteration
  Lawrence J. Christiano
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 8 (January 1989)
  A Systems Approach to Recursive Economic Forecasting and Seasonal Adjustment
  Peter Armitage, Cho Ng, and Peter C. Young
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 7 (February 1989)
  Recursive Estimation and Modelling of Nonstationary and Nonlinear Time-Series
  David E. Runkle and Peter C. Young
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 6 (January 1989)
  Behavior of Male Workers at the End of the Life-Cycle: An Empirical Analysis of States and Controls
  John Rust
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 5 (December 1988)
  The Effects of Stochastic Inflation on Asset Prices
  Pamela Labadie
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 4 (June 1988)
  Understanding Unit Rooters: A Helicopter Tour
  Christopher A. Sims and Harald Uhlig
  Published In: Econometrica (Vol. 59, No. 6, November 1991, pp. 1591-1599)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 3 (May 1988)
  Bayesian Skepticism on Unit Root Econometrics
  Christopher A. Sims
  Published In: Journal of Economic Dynamics and Control (Vol. 12, No. 2/3, June-September 1988, pp. 463-474)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Discussion Paper 2 (April 1988)
  Reasonable Extreme Bounds Analysis
  Clive W. J. Granger and Harald Uhlig
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]
  

• Discussion Paper 1 (January 1988)
  Aggregation of Time Series Variables -- A Survey
  Clive W. J. Granger
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]   [Abstract not available]