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• Working Paper 661 (May 2008)
  Temporary Price Changes and the Real Effects of Monetary Policy
  Patrick J. Kehoe and Virgiliu Midrigan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 660 (April 2008)
  Taxation, Aggregates and the Household
  Nezih Guner, Remzi Kaygusuz, and Gustavo Ventura
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 659 (April 2008)
  Sophisticated Monetary Policies
  Andrew Atkeson, V. V. Chari, and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 658 (March 2008)
  Coin Sizes and Payments in Commodity Money Systems
  Angela Redish and Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 657 (February 2008)
  On the Mechanics of Firm Growth
  Erzo G.J. Luttmer
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 656 (October 2007)
  Sticky Prices and Sectoral Real Exchange Rates
  Patrick J. Kehoe and Virgiliu Midrigan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 655 (September 2007)
  Intermediated Quantities and Returns
  Rajnish Mehra, Facundo Piguillem, and Edward C. Prescott
  Replaced by Staff Report 405
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Working Paper 654 (September 2007)
  Reply to Solow
  V. V. Chari and Patrick J. Kehoe
  Replaced by Staff Report 399
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 653 (Revised October 2007)
  Asymmetric Expectation Effects of Regime Shifts and the Great Moderation
  Zheng Liu, Daniel F. Waggoner, and Tao Zha
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 652 (April 2007)
  Sales and the Real Effects of Monetary Policy
  Patrick J. Kehoe and Virgiliu Midrigan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 651 (April 2007)
  Openness, Technology Capital, and Development
  Ellen R. McGrattan and Edward C. Prescott
  Replaced by Staff Report 396
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 650 (March 2007)
  If Exchange Rates Are Random Walks Then Almost Everything We Say About Monetary Policy Is Wrong
  Fernando Alvarez, Andrew Atkeson, and Patrick J. Kehoe
  Replaced by Staff Report 388
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 649 (January 2007)
  New Goods and the Size Distribution of Firms
  Erzo G.J. Luttmer
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 648 (December 2006)
  On the Needed Quantity of Government Debt
  Kathryn Birkeland and Edward C. Prescott
  Published In: Quarterly Review (Vol. 31, November 2007, pp. 2-15)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Working Paper 647 (December 2006)
  Comparing Alternative Representations, Methodologies, and Decompositions in Business Cycle Accounting
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  Replaced by Staff Report 384
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 646 (Revised April 2008)
  Technology Capital and the U.S. Current Account
  Ellen R. McGrattan and Edward C. Prescott
  Replaced by Staff Report 406
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Working Paper 645 (October 2006)
  Consumer Search and Firm Growth
  Erzo G.J. Luttmer
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 644 (Revised August 2007)
  Investment-Specific Technological Change, Skill Accumulation, and Wage Inequality
  Hui He and Zheng Liu
  Forthcoming In: Review of Economic Dynamics
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 643 (July 2006)
  Measurement with Minimal Theory
  Ellen R. McGrattan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 642 (Revised July 2006)
  New Evidence on State Banking Before the Civil War
  Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 641 (Revised March 2006)
  A Model of Banknote Discounts
  Laurence Ales, Francesca Carapella, Pricila Maziero, and Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 640 (Revised December 2005)
  Dynamic Contracting, Persistent Shocks and Optimal Taxation
  Yuzhe Zhang
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 639 (October 2005)
  Stochastic Optimal Growth with a Non-Compact State Space
  Yuzhe Zhang
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 638 (September 2005)
  Accounting for the Heterogeneity in Retirement Wealth
  Fang Yang
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 637 (August 2005)
  Smooth Nonexpected Utility without State Independence
  Hengjie Ai
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 636 (Revised September 2005)
  Expensed and Sweat Equity
  Ellen R. McGrattan and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 635 (Revised August 2006)
  Consumption Over the Life Cycle? How Different Is Housing?
  Fang Yang
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 634 (Revised December 2005)
  Early State Banks in the United States: How Many Were There and When Did They Exist?
  Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 633 (Revised July 2004)
  The Size Distribution of Firms in an Economy with Fixed and Entry Costs
  Erzo G.J. Luttmer
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 632 (June 2004)
  Taxation, Entrepreneurship and Wealth
  Marco Cagetti and Mariacristina De Nardi
  Replaced by Staff Report 340
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 631 (Revised May 2005)
  A Critique of Structural VARs Using Real Business Cycle Theory
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  Replaced by Staff Report 364
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Working Paper 630 (January 2004)
  Efficiency with Endogenous Population Growth
  Mikhail Golosov, Larry E. Jones, and Michele Tertilt
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 629 (October 2003)
  Banknote Prices in the United States Prior to 1860
  Warren E. Weber
  Replaced by Staff Report 344
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 628 (January 2003)
  Designing Optimal Disability Insurance
  Mikhail Golosov and Aleh Tsyvinski
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 627 (Revised October 2005)
  Time-Varying Risk, Interest Rates and Exchange Rates in General Equilibrium
  Fernando Alvarez, Andrew Atkeson, and Patrick J. Kehoe
  Replaced by Staff Report 371
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 626 (November 2002)
  The Optimal Degree of Discretion in Monetary Policy
  Susan Athey, Andrew Atkeson, and Patrick J. Kehoe
  Replaced by Staff Report 326
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 625 (April 2002)
  Business Cycle Accounting
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  Replaced by Staff Report 328
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 624 (September 2002)
  Equilibrium and Government Commitment
  Marco Bassetto
  Published In: Journal of Economic Theory (Vol. 124, No. 1, September 2005, pp. 79-105)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 623 (September 2002)
  Banknote Exchange Rate in the Antebellum United States
  Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 622 (May 2002)
  On the Robustness of Herds
  V. V. Chari and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 621 (April 2002)
  Competitive Equilibria with Limited Enforcement
  Patrick J. Kehoe and Fabrizio Perri
  Replaced by Staff Report 307
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 620 (Revised August 2003)
  Entrepreneurship, Frictions and Wealth
  Marco Cagetti and Mariacristina De Nardi
  Replaced by Staff Report 322
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 619 (May 2002)
  Technical Appendix: Accounting for the Great Depression
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 619 (February 2002)
  Accounting for the Great Depression
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  Published In: AER, Papers and Proceedings (Vol. 92, No. 2, May 2002, pp. 22-27)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Working Paper 618 (January 2002)
  Prosperity and Depression: 2002 Richard T. Ely Lecture
  Edward C. Prescott
  Published In: American Economic Review (Vol. 92, No. 2, May 2002, pp. 1-15)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 617 (Revised January 2003)
  Consumer Bankruptcy: A Fresh Start
  Igor Livshits, James MacGee, and Michele Tertilt
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 616 (Revised April 2002)
  The Time Consistency of Monetary and Fiscal Policies
  Fernando Alvarez, Patrick J. Kehoe, and Pablo Neumeyer
  Replaced by Staff Report 305
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 615 (June 2001)
  Optimal Indirect and Capital Taxation
  Mikhail Golosov, Narayana R. Kocherlakota, and Aleh Tsyvinski
  Replaced by Staff Report 293
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 614 (Revised October 2001)
  The advantage of transparent instruments of monetary policy
  Andrew Atkeson and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 613 (April 2001)
  On the optimality of transparent monetary policy
  Susan Athey, Andrew Atkeson, and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 612 (March 2001)
  A Game-Theoretic View of the Fiscal Theory of the Price Level
  Marco Bassetto
  Published In: Econometrica (Vol. 70, No. 6, November 2002, pp. 2167-2195)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 611 (January 2001)
  Exhuming Q: Market Power Capital Market Imperfections
  Russell Cooper and Joao Ejarque
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 610 (Revised July 2001)
  Taxes, Regulations, and Asset Prices
  Ellen R. McGrattan and Edward C. Prescott
  Replaced by Staff Report 309
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 609 (January 2001)
  Interest Rates and Inflation
  Fernando Alvarez, Robert E. Lucas, Jr., and Warren E. Weber
  Published In: American Economic Review (Vol. 91, No. 2, May 2001, pp. 219-225)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 608 (January 2001)
  Limited Enforcement and Efficient Interbank Arrangements
  Thorsten V. Koppl and James MacGee
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 607 (November 2000)
  The 1990s in Japan: A Lost Decade
  Fumio Hayashi and Edward C. Prescott
  Published In: The economics of an aging population: Macroeconomic issues (2004, pp. 35-74)
  Published In: Review of Economic Dynamics (Vol. 5, No. 1, January 2002, pp. 206-235)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 606 (Revised July 2001)
  The Transition to a New Economy After the Second Industrial Revolution
  Andrew Atkeson and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 605 (August 2000)
  Money, Interest Rates, and Exchange Rates With Endogenously Segmented Asset Markets
  Fernando Alvarez, Andrew Atkeson, and Patrick J. Kehoe
  Replaced by Staff Report 278
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 604 (September 2000)
  Finite Memory and Imperfect Monitoring
  Harold L. Cole and Narayana R. Kocherlakota
  Replaced by Staff Report 287
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 603 (July 2000)
  When should labor contracts be nominal?
  Antoine Martin and Cyril Monnet
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 602 (August 2000)
  On the Equilibrium Concept for Overlapping Generations Organizations
  Edward C. Prescott and José-Víctor Ríos-Rull
  Replaced by Staff Report 282
  [Paper not available on-line]
  

• Working Paper 601 (May 2000)
  Costly Banknote Issuance and Interest Rates Under the National Banking System
  Antoine Martin, Cyril Monnet, and Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 600 (March 2000)
  Financial Crises as Herds
  V. V. Chari and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 599 (December 1999)
  The Macroeconomic Effects of Big Fiscal Shocks: The Case of World War II
  Ellen R. McGrattan and Lee E. Ohanian
  Replaced by Staff Report 315
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 598 (December 1999)
  Predicting the Effects of Federal Reserve Policy in a Sticky-Price Model: An Analytical Approach
  Ellen R. McGrattan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 597 (Revised May 2001)
  New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis
  Harold L. Cole and Lee E. Ohanian
  Published In: Journal of Political Economy (Vol. 112, No. 4, 2004, pp. 779-816)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 596 (September 1999)
  Calibration and Bayesian Learning
  Nurlan Turdaliev
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 595 (September 1999)
  Optimal Monetary Impulse-Response Functions in a Matching Model
  Brett Katzman, John Kennan, and Neil Wallace
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 594 (February 1999)
  Sharing the Risk of Settlement Failure
  Hiroshi Fujiki, Edward J. Green, and Akira Yamazaki
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 593 (December 1998)
  Deposit Insurance: A Reconsideration
  John H. Boyd, Chun Chang, and Bruce D. Smith
  Published In: Journal of Monetary Economics (Vol. 49, No. 6, September 2002, pp. 1235-1260)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 592 (December 1998)
  The Suffolk Bank and the Panic of 1837: How a Private Bank Acted as a Lender-of-Last-Resort
  Arthur J. Rolnick, Bruce D. Smith, and Warren E. Weber
  Published In: Quarterly Review (Vol. 24, No. 2, Spring 2000, pp. 3-13)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 591 (October 1998)
  Private Money Creation and the Suffolk Banking System
  Bruce D. Smith and Warren E. Weber
  Published In: Journal of Money, Credit, and Banking (Vol. 31, No. 3, August 1999, pp. 624-659)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 590 (Revised October 1998)
  Business Cycle Research: Methods and Problems
  Edward C. Prescott
  Published In: Cycles, growth and structural change: Theories and empirical evidence (2001, pp. 283-300)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 589 (August 1998)
  On the Need for Fiscal Constraints in a Monetary Union
  V. V. Chari and Patrick J. Kehoe
  Replaced by Staff Report 330
  Forthcoming In: Journal of Monetary Economics
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 588 (August 1998)
  A Model of Bimetallism
  François R. Velde and Warren E. Weber
  Published In: Journal of Political Economy (Vol. 108, No. 6, December 2000, pp. 1210-1234)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 587 (May 1998)
  The Suffolk Banking System Reconsidered
  Arthur J. Rolnick and Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 586 (April 1998)
  The Role of Damage-Contingent Contracts in Allocating the Risks of Natural Catastrophes
  R. Anton Braun, Richard M. Todd, and Neil Wallace
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 585 (Revised January 1998)
  Moral Hazard Under Commercial and Universal Banking
  John H. Boyd, Chun Chang, and Bruce D. Smith
  Published In: Journal of Money, Credit, and Banking, Part 2 (Vol. 30, No. 3, August 1998, pp. 426-468)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 584 (Revised November 1997)
  Lessons From a Laissez-Faire Payments System: The Suffolk Banking System (1825–1858)
  Arthur J. Rolnick, Bruce D. Smith, and Warren E. Weber
  Published In: Quarterly Review (Vol. 26, No. 4, Fall 2002)
  Published In: Quarterly Review (Vol. 22, No. 3, Summer 1998, pp. 11-21)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 583 (July 1997)
  Dynamic Games With Hidden Actions and Hidden States
  Harold L. Cole and Narayana R. Kocherlakota
  Replaced by Staff Report 254
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 582 (June 1997)
  The Economics of Split-Ticket Voting in Representative Democracies
  V. V. Chari, Larry E. Jones, and Ramon Marimon
  Published In: American Economic Review (Vol. 87, No. 5, December 1997, pp. 957-76)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 581 (April 1997)
  A Model of Regulated Private Bank-Note Issue
  Ricardo de O. Cavalcanti and Neil Wallace
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 580 (March 1997)
  Models of Sovereign Debt: Partial vs. General Reputations
  Harold L. Cole and Patrick J. Kehoe
  Published In: International Economic Review (Vol. 39, No. 1, February 1998, pp. 55-70)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 579 (March 1997)
  Shrinking Money and Monetary Business Cycles
  Harold L. Cole and Lee E. Ohanian
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 578 (Revised February 1997)
  Optimal Allocations With Incomplete Record-Keeping and No Commitment
  Narayana R. Kocherlakota and Neil Wallace
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 577 (Revised March 1997)
  A Microfoundation for Incomplete Security Markets
  Harold L. Cole and Narayana R. Kocherlakota
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 576 (October 1996)
  Implementing Efficient Allocations in a Model of Financial Intermediation
  Edward J. Green and Ping Lin
  Published In: Journal of Economic Theory (Vol. 109, No. 1, March 2003, pp. 1-23)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 575 (October 1996)
  Seasonal Solow Residuals and Christmas: A Case for Labor Hoarding and Increasing Returns
  R. Anton Braun and Charles L. Evans
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 574 (Revised September 1997)
  Repeated Insurance Relationships in a Costly State Verification Model: With an Application to Deposit Insurance
  Bruce D. Smith and Cheng Wang
  Published In: Journal of Monetary Economics (Vol. 42, No. 2, October 1998, pp. 207-240)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 573 (Revised July 1997)
  Inflation and Financial Market Performance
  John H. Boyd, Ross Levine, and Bruce D. Smith
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 572 (Revised December 1996)
  Consolidation in U.S. Banking: Implications for Efficiency and Risk
  John H. Boyd and Stanley L. Graham
  Published In: Bank mergers and acquisitions (1998, pp. 113-135)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 571 (September 1996)
  Will The New $100 Bill Decrease Counterfeiting?
  Edward J. Green and Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 570 (August 1996)
  Simulation-Based Bayesian Inference for Economic Time Series
  John F. Geweke
  Published In: Simulation- based inference in econometrics (2000, pp. 255-299)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 569 (August 1996)
  A Model of a Currency Shortage
  Neil Wallace and Ruilin Zhou
  Published In: Journal of Monetary Economics (Vol. 40, No. 3, December 1997, pp. 555-572)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 568 (Revised October 1996)
  Short-Run and Long-Run Effects of Changes in Money in a Random Matching Model
  Neil Wallace
  Published In: Journal of Political Economy (Vol. 105, No. 6, December 1997, pp. 1293-1307)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 567 (August 1996)
  Technical Appendix to “Optimal Fiscal Policy in a Business Cycle Model”
  V. V. Chari, Lawrence J. Christiano, and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 566 (July 1996)
  Reassessing Aggregate Returns to Scale With Standard Theory and Measurement
  Harold L. Cole and Lee E. Ohanian
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 565 (May 1996)
  Some Explorations Into Optimal Cyclical Monetary Policy
  S. Rao Aiyagari and R. Anton Braun
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 564 (January 1996)
  Bayesian Inference for Dynamic Choice Models Without the Need for Dynamic Programming
  John F. Geweke and Michael P. Keane
  Published In: Simulation-based inference in econometrics (2000, pp. 100-131)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 563 (Revised January 1996)
  Social Accounting Matrices and Applied General Equilibrium Models
  Timothy J. Kehoe
  Published In: Applied economics and public policy (Vol. 63, 1998, pp. 59-87)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 562 (November 1995)
  The Effects of Open Market Operations In A Model of Intermediation and Growth
  Stacey L. Schreft and Bruce D. Smith
  Published In: Review of Economic Studies (Vol. 65, No. 3, July 1998, pp. 519-550)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 561 (November 1995)
  Unemployment, Migration, and Growth
  Valerie R. Bencivenga and Bruce D. Smith
  Published In: Journal of Political Economy (Vol. 105, No. 3, June 1997, pp. 582-608)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 560 (November 1995)
  Asset Pricing Lessons for Modeling Business Cycles
  Michele Boldrin, Lawrence J. Christiano, and Jonas D. M. Fisher
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 559 (October 1995)
  The Career Decisions of Young Men
  Michael P. Keane and Kenneth I. Wolpin
  Published In: Journal of Political Economy (Vol. 105, No. 3, June 1997, pp. 473-522)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 558 (October 1995)
  Three Contributions to the Theory of Decision Under Uncertainty
  Edward J. Green and In-Uck Park
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 557 (October 1995)
  A Structural Model of Multiple Welfare Program Participation and Labor Supply
  Michael P. Keane and Robert Moffitt
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 556 (Revised November 1995)
  Inflation, Financial Markets, & Capital Formation
  John H. Boyd, Sangmok Choi, and Bruce D. Smith
  Published In: Federal Reserve Bank of St. Louis Review (Vol. 78, No. 3, May-June 1996, pp. 9-35)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 555 (September 1995)
  Posterior Simulators in Econometrics
  John F. Geweke
  Published In: Advances in economics and econometrics: Theory and applications (Vol. 3, 1997, pp. 128-165)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 554 (September 1995)
  Temporal Aggregation in a Multi-Sector Economy With Endogenous Growth
  Jean Mercenier and Philippe Michel
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 553 (August 1995)
  Prior Density Ratio Class Robustness in Econometrics
  John F. Geweke and Lea Petrella
  Published In: Journal of Business and Economic Statistics (Vol. 16, No. 4, October 1998, pp. 469-478)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 552 (July 1995)
  Bayesian Inference for Linear Models Subject to Linear Inequality Constraints
  John F. Geweke
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 551 (Revised June 1996)
  Transaction Services, Inflation, and Welfare
  S. Rao Aiyagari, R. Anton Braun, and Zvi Eckstein
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 550 (Revised April 1996)
  Coexistence of Money and Interest-Bearing Securities
  S. Rao Aiyagari, Neil Wallace, and Randall Wright
  Published In: Journal of Monetary Economics (Vol. 37, No. 3, June 1996, pp. 397-419)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 549 (May 1995)
  Neighbors: A Locational Model of Human Capital Acquisition
  George T. McCandless Jr.
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 548 (April 1995)
  Putty-Clay Capital and Energy
  Andrew Atkeson and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 547 (April 1995)
  Social Insurance and Transition
  Andrew Atkeson and Patrick J. Kehoe
  Replaced by Staff Report 202
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 546 (March 1995)
  Optimal Social Insurance, Incentives, and Transition
  Andrew Atkeson and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 545 (March 1995)
  On the Turnover of Business Firms and Business Managers
  Thomas J. Holmes and James A. Schmitz, Jr.
  Published In: Journal of Political Economy (Vol. 103, Issue 5, October 1995, pp. 1005-1039)
  Published In: Innovation, evolution of industry and economic growth (Vol. 2, 2000, pp. 29-62)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 544 (Revised May 1995)
  Analyzing a Proposal to Ban State Tax Breaks to Businesses
  Thomas J. Holmes
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 543 (Revised April 1995)
  Comments on Farmer and Guo's "The Econometrics of Indeterminacy: An Applied Study."
  S. Rao Aiyagari
  Replaced by Staff Report 196
  [Paper not available on-line]
  

• Working Paper 542 (Revised September 1995)
  The Evolution of Debt and Equity Markets in Economic Development
  John H. Boyd and Bruce D. Smith
  Published In: Economic Theory (Vol. 12, No. 3, November 1998, pp. 519-560)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 541 (Revised February 1996)
  The Co-Evolution of the Real and Financial Sectors in the Growth Process
  John H. Boyd and Bruce D. Smith
  Published In: World Bank Economic Review (Vol. 10, No. 2, May 1996, pp. 371-396)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 540 (Revised January 1995)
  Bayesian Reduced Rank Regression in Econometrics
  John F. Geweke
  Published In: Journal of Econometrics (Vol. 75, No. 1, November 1996, pp. 121-146)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 539 (November 1994)
  Variable Selection and Model Comparison in Regression
  John F. Geweke
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 538 (Revised December 1994)
  The Optimal Quantity of Debt
  S. Rao Aiyagari and Ellen R. McGrattan
  Replaced by Staff Report 203
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 537 (Revised July 1996)
  The Use of Debt and Equity in Optimal Financial Contracts
  John H. Boyd and Bruce D. Smith
  Published In: Journal of Financial Intermediation (Vol. 8, No. 4, October 1999, pp. 270-316)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 536 (Revised September 1995)
  The Debasement Puzzle: An Essay on Medieval Monetary Policy
  Arthur J. Rolnick, François R. Velde, and Warren E. Weber
  Published In: Journal of Economic History (Vol 56, Num 4, December 1996, pp. 798-808)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 525 (Revised June 1995)
  Interpreting Monetary Stabilization in a Growth Model With Credit Goods Production
  S. Rao Aiyagari and Zvi Eckstein
  Published In: Financial factors in economic stabilization and growth (1996, pp. 197-219)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 516 (Revised June 1995)
  Government Transaction Policy, the Medium of Exchange, and Welfare
  S. Rao Aiyagari and Neil Wallace
  Published In: Journal of Economic Theory (Vol. 74, No. 1, May 1997, pp. 1-18)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 510 (March 1993)
  Patterns of Exchange, Fiat Money, and the Welfare Costs of Inflation
  Irasema Alonso
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 508 (Revised March 1994)
  Optimal Capital Income Taxation With Incomplete Markets, Borrowing Constraints, and Constant Discounting
  S. Rao Aiyagari
  Published In: Journal of Political Economy (Vol. 103, No. 6, December 1995, pp. 1158-1175)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 502 (Revised December 1993)
  Uninsured Idiosyncratic Risk and Aggregate Saving
  S. Rao Aiyagari
  Published In: Quarterly Journal of Economics (Vol. 109, No. 3, August 1994, pp. 659-684)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 500 (Revised March 1994)
  Ex-Dividend Price Behavior of Common Stocks
  John H. Boyd and Ravi Jagannathan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 491 (Revised May 1992)
  Modeling the Dynamic Impact of North American Free Trade
  Timothy J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 480 (Revised October 1994)
  An Evaluation of the Performance of an Applied General Equilibrium Model of the Spanish Economy
  Timothy J. Kehoe, Clemente Polo, and Ferran Sancho
  Published In: Economic Theory (Vol. 6, No. 1, June 1995, pp. 115-141)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 478 (May 1991)
  Technical Appendix for Liquidity Effects, Monetary Policy, and the Business Cycle
  Lawrence J. Christiano and Martin Eichenbaum
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 473 (January 1991)
  Technical Appendix to Optimal Fiscal Policy in a Stochastic Growth Model
  V. V. Chari, Lawrence J. Christiano, and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 467 (November 1990)
  Computational Algorithms for Solving Variants of Fuerst's Model
  Lawrence J. Christiano
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 460 (Revised October 1991)
  Computation and Multiplicity of Equilibria
  Timothy J. Kehoe
  Published In: Handbook of mathematical economics (Vol. 4, 1991, pp. 2049-2143)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 459 (May 1990)
  Algorithms for Explaining Forecast Revisions
  Richard M. Todd
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 456 (April 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]
  

• Working Paper 448 (November 1987)
  Comment on Romer, "Crazy Explanations for The Productivity Slowdown."
  Lawrence J. Christiano
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 445 (Revised May 1992)
  Debt Constrained Asset Markets
  Timothy J. Kehoe and David K. Levine
  Published In: Review of Economic Studies (Vol. 60, No. 4, October 1993, pp. 865-888)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 436 (November 1990)
  On Characterizing Equilibria of Economies With Externalities and Taxes as Solutions to Optimization Problems
  Timothy J. Kehoe, David K. Levine, and Paul M. Romer
  Published In: Economic Theory (Vol. 2, No. 1, January 1992, pp. 43-68)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 428 (Revised May 1991)
  Existence of Steady States With Positive Consumption in the Kiyotaki-Wright Model
  S. Rao Aiyagari and Neil Wallace
  Published In: Review of Economic Studies (Vol. 58, No. 5, October 1991, pp. 901-916)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 427 (October 1987)
  Intertemporal Substitution and Smoothness of Consumption
  Lawrence J. Christiano
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 426 (Revised October 1991)
  International Real Business Cycles
  David K. Backus, Patrick J. Kehoe, and Finn E. Kydland
  Replaced by Staff Report 146
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 404 (Revised July 1990)
  The Optimum Quantity of Money Revisited
  Timothy J. Kehoe, David K. Levine, and Michael Woodford
  Published In: Economic analysis of markets and games: Essays in honor of Frank Hahn (1992, pp. 501-526)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 393 (Revised June 1991)
  Walras' Law and Nonoptimal Equilibria in Overlapping Generations Models
  S. Rao Aiyagari
  Published In: The legacy of Leon Walras (Vol. 2, 2001, pp. 496-514)
  Published In: Journal of Mathematical Economics (Vol. 21, No. 4, 1992, pp. 343-361)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Working Paper 385 (Revised February 1988)
  Organizations in Economic Analysis.
  John H. Boyd, Edward C. Prescott, and Bruce D. Smith
  Published In: Canadian Journal of Economics (Vol 21, Num 3, August 1988, pp. 477-491)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]