Discussion Papers

Discussion Papers are similar to Working Papers, except that they are related to the Institute of Empirical Macroeconomics of the Federal Reserve Bank of Minneapolis. Many Discussion Papers are available in electronic form as PDF and/or PostScript files.

Those not available electronically should be available at your local library.

Discussion Paper 144 (October 2006)

Ben-Porath Meets Skill-Biased Technical Change: A Theoretical Analysis of Rising Inequality
Fatih Guvenen and Burhanettin Kuruscu
PDF Version

Discussion Paper 145 (October 2006)

Learning Your Earning: Are Labor Income Shocks Really Very Persistent?
Fatih Guvenen
Published In: American Economic Review (Vol. 97, No. 3, June 2007, pp. 687-712)
PDF Version

Discussion Paper 143 (December 2005)

Optimal Welfare-to-Work Programs
Giovanni L. Violante and Nicola Pavoni
PDF Version

Discussion Paper 142 (August 2004)

Search, Money, and Inflation under Private Information
Huberto M. Ennis
PDF Version

Discussion Paper 140 (Revised May 2004)

Dynamic Optimal Taxation with Private Information
Christopher Sleet and Stefania Albanesi
Published In: Review of Economic Studies (Vol. 73, No. 1, January 2006, pp. 1-30)
PDF Version

Discussion Paper 141 (November 2003)

Urban Structure and Growth
Esteban Rossi-Hansberg and Mark L. J. Wright
PDF Version

Discussion Paper 139 (October 2001)

Capital Accumulation in a Model of Growth and Creative Destruction
Klaus Walde
PDF Version

Discussion Paper 137 (January 2001)

The Social Discount Rate
Andrew Caplin and John Leahy
PDF Version

Discussion Paper 138 (December 2000)

Does the Progressivity of Taxes Matter for Economic Growth?
Elizabeth M. Caucutt, Krishna B. Kumar, and Selahattin Imrohoroglu
PDF Version

Discussion Paper 136 (August 2000)

Time Inconsistent Preferences and Social Security
Ayse Imrohoroglu, Douglas H. Joines, and Selahattin Imrohoroglu
Published In: Quarterly Journal of Economics (Vol. 118, No. 2, May 2003, pp. 745-784)
PDF Version

Discussion Paper 135 (June 2000)

Knowledge Exchange, Matching, and Agglomeration
Marcus Berliant, Ping Wang, and Robert R. Reed III
PDF Version

Discussion Paper 134 (March 2000)

Bad Politicians
Francesco Caselli and Massimo Morelli
PDF Version

Discussion Paper 133 (December 1999)

Political Economy of Taxation in an Overlapping-Generations Economy
Marco Bassetto
PDF Version

Discussion Paper 132 (December 1999)

Efficient Investment in Children
Ananth Seshadri, Jeremy Greenwood, and S. Rao Aiyagari
Published In: Journal of Economic Theory (Vol. 102, No. 2, February 2002, pp. 290-321)
PDF Version

Discussion Paper 127 (Revised September 1999)

Staggered Contracts and Business Cycle Persistence
Kevin X. D. Huang and Zheng Liu
PDF Version

Discussion Paper 131 (August 1999)

Keynesian Conundrum: Multiplicity and Time Consistent Stabilization
Bill Dupor
PDF Version

Discussion Paper 130 (June 1999)

Chain of Production as a Monetary Propagation Mechanism
Kevin X. D. Huang and Zheng Liu
PDF Version

Discussion Paper 129 (March 1999)

Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel
Javier Suarez and Rafael Repullo
PDF Version

Discussion Paper 128 (February 1999)

Private Money and Reserve Management in a Random-Matching Model
Andrés Erosa, Ricardo de O. Cavalcanti, and Ted Temzelides
Published In: Journal of Political Economy (Vol. 107, No. 5, October 1999, pp. 929-945)
PDF Version

Discussion Paper 126 (July 1998)

Microfoundations and Macro Implications of Indivisible Labor
Casey B. Mulligan
PDF Version

Discussion Paper 124 (December 1997)

A Markov Switching Model of GNP Growth With Duration Dependence
Pok-sang Lam
PDF Version

Discussion Paper 125 (December 1997)

The Demand for Money by Firms: Some Additional Empirical Results
Casey B. Mulligan
PDF Version

Discussion Paper 120 (August 1997)

Rational Herd Behavior and the Globalization of Securities Markets
Enrique G. Mendoza and Guillermo A. Calvo
PDF Version

Discussion Paper 123 (Revised August 1997)

The Optimal Inflation Tax
Isabel Correia and Pedro Teles
PDF Version

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
PDF Version

Discussion Paper 122 (August 1997)

Electronic Money: The End of Inflation?
Juan Pablo Nicolini, Pedro Teles, and Ramon Marimon
PDF Version

Discussion Paper 118 (July 1997)

Monetary Policy Regimes and Beliefs
David Andolfatto and Paul Gomme
PDF Version

Discussion Paper 119 (July 1997)

International Portfolio Diversification and Labor/Leisure Choice
Urban J. Jermann
PDF Version

Discussion Paper 117 (June 1997)

Relationship Between Labor-Income Risk and Average Return: Empirical Evidence From the Japanese Stock Market
Hitoshi Takehara, Keiichi Kubota, and Ravi Jagannathan
Published In: Journal of Business (Vol. 71, No. 3, July 1998, pp. 319-347)
PDF Version

Discussion Paper 116 (April 1997)

Entrepreneurship, Saving, and Social Mobility
Vincenzo Quadrini
PDF Version

Discussion Paper 115 (March 1997)

Plant Level Irreversible Investment and Equilibrium Business Cycles
Marcelo Veracierto
PDF Version

Discussion Paper 114 (November 1996)

The Role of Trade in Technology Diffusion
Andrés Rodríguez-Clare
PDF Version

Discussion Paper 113 (October 1996)

Fluctuating Risk in an Aggregated Ss-Model
John Hassler
PDF Version

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)
PDF Version

Discussion Paper 111 (June 1996)

Limited-Dependent Rational Expectations Models With Jumps
Francisco J. Ruge-Murcia and M. Hashem Pesaran
PDF Version

Discussion Paper 109 (March 1996)

A Note on Dynamic Programming With Homogeneous Functions
Nancy L. Stokey
PDF Version

Discussion Paper 108 (March 1996)

NAFTA and Mexican Development
Nancy L. Stokey
PDF Version

Discussion Paper 110 (March 1996)

On Convergence in Endogenous Growth Models
Manuel S. Santos and Salvador Ortigueira
PDF Version

Discussion Paper 107 (December 1995)

Accuracy Estimates for a Numerical Approach to Stochastic Growth Models
Jesus Vigo and Manuel S. Santos
PDF Version

Discussion Paper 105 (November 1995)

The One-Sector Growth Model With Idiosyncratic Shocks
Mark Huggett
PDF Version

Discussion Paper 106 (October 1995)

Understanding Why High Income Households Save More Than Low Income Households
Gustavo Ventura and Mark Huggett
PDF Version

Discussion Paper 104 (September 1995)

(S,s) Inventory Policies in General Equilibrium
Andreas Hornstein and Jonas D. M. Fisher
Published In: Review of Economic Studies (Vol. 67, No. 1, January 2000, pp. 117-145)
PDF Version

Discussion Paper 103 (August 1995)

Measuring the Cyclical Behavior of Home Production: A Macroeconomic Analysis
Narayana Kocherlakota, Beth F. Ingram, and N. E. Savin
PDF Version

Discussion Paper 102 (August 1995)

The Equity Premium: It's Still a Puzzle
Narayana Kocherlakota
Published In: Journal of Economic Literature (Vol. 34, No. 1, March 1996, pp. 42-71)
PDF Version

Discussion Paper 101 (June 1995)

A Toolkit for Analyzing Nonlinear Dynamic Stochastic Models Easily
Harald Uhlig
PDF Version

Discussion Paper 100 (May 1995)

On the Dynamic Selection of Mechanisms for Provision of Public Projects
Roger Lagunoff
PDF Version

Discussion Paper 99 (March 1995)

Time-Varying Risk and International Portfolio Diversification with Contagious Bear Markets
Bruno Gerard and Giorgio De Santis
PDF Version

Discussion Paper 98 (February 1995)

Fiscal Policy, Productivity Shocks, and the U.S. Trade Balance Deficit
Robert Kollman
PDF Version

Discussion Paper 97 (January 1995)

On the Economies of Fiscal Populism in an Open Economy
Andrés Velasco and Jess Benhabib
PDF Version

Discussion Paper 96 (December 1994)

Stochastic Volatility and the Distribution of Exchange Rate News
Peter C. Schotman and Ronald Mahieu
PDF Version

Discussion Paper 95 (December 1994)

The Replacement Problem
Jeremy Greenwood, Mehmet Yorukoglu, and Thomas F. Cooley
Published In: Journal of Monetary Economics (Vol. 40, No. 3, December 1997, pp. 457-499)
PDF Version

Discussion Paper 94 (October 1994)

Fiscal Spending Shocks, Endogenous Government Spending, and Real Business Cycles
Alain Paquet and Steve Ambler
PDF Version

Discussion Paper 93 (July 1994)

Stock Returns and Volatility in Emerging Financial Markets
Giorgio De Santis and Selahattin Imrohoroglu
PDF Version

Discussion Paper 92 (July 1994)

The Effect of Tax-Favored Retirement Accounts on Capital Accumulation and Welfare
Ayse Imrohoroglu, Douglas H. Joines, and Selahattin Imrohoroglu
Published In: American Economic Review (Vol. 88, No. 4, September 1998, pp. 749-768)
PDF Version

Discussion Paper 91 (May 1994)

Solving Nonlinear Rational Expectations Models by Parametrized Expectations: Convergence to Stationary Solutions
Albert Marcet and David A. Marshall
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Discussion Paper 90 (April 1994)

Equilibrium Selections
Beth Allen, Heraklis M. Polemarchakis, and Jayasri Dutta
Published In: Essays in economic theory, growth, and labor markets: A festschrift in honor of E. Drandakis (2002, pp. 33-54)
PDF Version

Discussion Paper 89 (March 1994)

The Real Business Cycle: Intermediate Inputs and Sectoral Comovement
Andreas Hornstein and Jack Praschnik
PDF Version

Discussion Paper 88 (February 1994)

The Cyclical Behavior of Job Creation and Job Destruction: A Sectoral Model
Glenn M. MacDonald, Guang-Jia Zhang, and Jeremy Greenwood
Published In: Economic Theory (Vol. 7, No. 1, January 1996, pp. 95-112)
PDF Version

Discussion Paper 87 (December 1993)

On Intertemporal General-Equilibrium Reallocation Effects of Europe's Move to a Single Market
Bernardin Akitoby and Jean Mercenier
PDF Version

Discussion Paper 81 (May 1993)

Modelling Complementarity in Monopolistic Competition
Kiminori Matsuyama
PDF Version

Discussion Paper 84 (May 1993)

A Time Series Model with Periodic Stochastic Regime Switching
Eric Ghysels
PDF Version

Discussion Paper 86 (May 1993)

New Evidence on Altruism: A Study of TIAA-CREF Retirees
F. Thomas Juster and John Laitner
PDF Version

Discussion Paper 83 (May 1993)

Start-up Costs and Pecuniary Externalities as Barriers to Economic Development
Antonio Ciccone and Kiminori Matsuyama
PDF Version

Discussion Paper 85 (May 1993)

Endogenous Expenditures on Public Schools and Persistent Growth
B. Ravikumar and Gerhard Glomm
PDF Version

Discussion Paper 82 (May 1993)

Custom Versus Fashion: Path-Dependence and Limit Cycles in a Random Matching Game
Kiminori Matsuyama
PDF Version

Discussion Paper 80 (February 1993)

A Business Cycle Model with Nominal Wage Contracts and Government
Jang-Ok Cho and Louis Phaneuf
PDF Version

Discussion Paper 79 (February 1993)

Cyclical Factor Utilization
Jang-Ok Cho and Mark Bils
PDF Version

Discussion Paper 78 (December 1992)

The Efficiency and Welfare Effects of Tax Reform: Are Fewer Tax Brackets Better Than More?
Charles T. Carlstrom and David Altig
Published In: Federal Reserve Bank of Cleveland Economic Review (Vol. 30, No. 4, 4th Quarter 1994, pp. 30-42)
PDF Version

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)
PDF Version

Discussion Paper 75 (October 1992)

Empirical Cross-Section Dynamics in Economic Growth
Danny Quah
PDF Version

Discussion Paper 76 (October 1992)

Macroeconomic Implications of Investment-Specific Technological Change
Jeremy Greenwood, Per Krusell, and Zvi Hercowitz
PDF Version

Discussion Paper 74 (August 1992)

Communication, Commitment, and Growth
Albert Marcet and Ramon Marimon
PDF Version

Discussion Paper 72 (August 1992)

Federal Fiscal Constitutions Part 1: Risk Sharing and Moral Hazard
Guido Tabellini and Torsten Persson
PDF Version

Discussion Paper 73 (August 1992)

Expectationally-Driven Market Volatility: An Experimental Study
Ramon Marimon, Shyam Sunder, and Stephen E. Spear
Published In: Journal of Economic Theory (Vol. 61, No. 1, October 1993, pp. 74-103)
PDF Version

Discussion Paper 69 (July 1992)

Alternative Specifications for Consumption and the Estimation of the Intertemporal Elasticity of Substitution
Eric van Wincoop and Paul Beaudry
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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)
PDF Version

Discussion Paper 68 (July 1992)

Liquidity and Real Activity in Three Monetary Models
Don E. Schlagenhauf and Jeffrey M. Wrase
PDF Version

Discussion Paper 71 (July 1992)

On the Cyclical Allocation of Risk
Jeremy Greenwood and Paul Gomme
Published In: Journal of Economic Dynamics and Control (Vol. 19, No. 1-2, January-February 1995, pp. 91-124)
PDF Version

Discussion Paper 67 (July 1992)

A Monetary, Open-Economy Model with Capital Mobility
Don E. Schlagenhauf and Jeffrey M. Wrase
PDF Version

Discussion Paper 66 (June 1992)

Solving Nonlinear Dynamic Models on Parallel Computers
Wilbur John Coleman II
PDF Version

Discussion Paper 62 (May 1992)

Politics and Economic Policy
Torsten Persson
PDF Version

Discussion Paper 65 (May 1992)

Dynamics of the Trade Balance and the Terms of Trade: The J-Curve Revisited
Patrick J. Kehoe, David K. Backus, and Finn E. Kydland
Published In: American Economic Review (Vol. 84, No. 1, March 1994, pp. 84-103)
PDF Version

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)
PDF Version

Discussion Paper 63 (May 1992)

The Swedish Business Cycle: Stylized Facts Over 130 Years
John Hassler, Paul Soderlind, Petter Lundvik, and Torsten Persson
PDF Version

Discussion Paper 36 (Revised April 1992)

Recursive Methods for Computing Equilibria of Business Cycle Models
Edward C. Prescott and Gary D. Hansen
Published In: Frontiers of business cycle research (1995, pp. 39-64)
Published In: Equilibrium growth theories (1991, pp. 124-138)
PDF Version

Discussion Paper 61 (March 1992)

Risk-Taking, Global Diversification, and Growth
Maurice Obstfeld
PDF Version

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)
PDF Version

Discussion Paper 60 (March 1992)

The Equity Premium and the Allocation of Income Risk
Jean-Pierre Danthine, John B. Donaldson, and Rajnish Mehra
PDF Version

Discussion Paper 58 (January 1992)

Computing Markov Perfect Nash Equilibria: Numerical Implications of a Dynamic Differentiated Product Model
Ariel Pakes and Paul McGuire
Published In: RAND Journal of Economics (Vol. 25, No. 4, Winter 1994, pp. 555-589)
PDF Version

Discussion Paper 57 (January 1992)

Liquidity and Real Activity in a Simple Open Economy Model
Don E. Schlagenhauf and Jeffrey M. Wrase
PDF Version

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)
PDF Version

Discussion Paper 55 (November 1991)

Money and Growth Revisited
Paul Gomme
PDF Version

Discussion Paper 53 (November 1991)

Productive Externalities and Business Cycles
Marianne Baxter and Robert G. King
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Discussion Paper 54 (November 1991)

Individual Heterogeneity and Interindustry Wage Differentials
Michael P. Keane
PDF Version

Discussion Paper 52 (September 1991)

Comparing Predictive Accuracy I: An Asymptotic Test
Francis X. Diebold and Roberto S. Mariano
PDF Version

Discussion Paper 51 (September 1991)

The Employment and Wage Effects of Oil Price Shocks: A Sectoral Analysis
Eswar S. Prasad and Michael P. Keane
Published In: Review of Economics and Statistics (Vol. 78, No. 3, August 1996, pp. 389-400)
PDF Version

Discussion Paper 50 (September 1991)

Energy Price Shocks, Capacity Utilization and Business Cycle Fluctuations
Mary G. Finn
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Discussion Paper 49 (August 1991)

Minimum Weighted Residual Methods for Solving Aggregate Growth Models
Kenneth L. Judd
PDF Version

Discussion Paper 48 (July 1991)

Risk-sharing, Altruism, and the Factor Structure of Consumption
Fumio Hayashi, Joseph Altonji, and Laurence Kotlikoff
PDF Version

Discussion Paper 47 (July 1991)

Human Capital, Aggregate Shocks, and Panel Data Estimation
Robert A. Miller and Sumru Altug
PDF Version

Discussion Paper 44 (June 1991)

When Unit Roots Matter: Excess Volatility and Excess Smoothness of Long Term Interest Rates
Peter C. Schotman
PDF Version

Discussion Paper 43 (June 1991)

On Bayesian Routes to Unit Roots
Herman K. van Dijk and Peter C. Schotman
PDF Version

Discussion Paper 46 (June 1991)

The Permanent Income Hypothesis when the Bliss Point is Stochastic
James M. Nason
PDF Version

Discussion Paper 42 (June 1991)

Price Deflation and Real Tariff Rates: The United States, 1903 to 1940
Mario J. Crucini
PDF Version

Discussion Paper 45 (June 1991)

Seasonality and Equilibrium Business Cycle Theories
Charles L. Evans and R. Anton Braun
PDF Version

Discussion Paper 41 (May 1991)

The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours and Wages
Eswar S. Prasad and Michael P. Keane
PDF Version

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)
PDF Version

Discussion Paper 39 (March 1991)

Employment and Business Cycle Asymmetries: A Data Based Study
Gerard A. Pfann
PDF Version

Discussion Paper 28 (Revised February 1991)

Sectoral Shift Theories of Unemployment: Evidence From Panel Data
Michael P. Keane
PDF Version

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)
PDF Version

Discussion Paper 38 (January 1991)

Tax Distortions in a Neoclassical Monetary Economy
Gary D. Hansen and Thomas F. Cooley
Published In: Journal of Economic Theory (Vol. 58, No. 2, December 1992, pp. 290-316)
PDF Version

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)
PDF Version

Discussion Paper 33 (November 1990)

Have Postwar Economic Fluctuations Been Stabilized?
Francis X. Diebold and Glenn D. Rudebusch
PDF Version

Discussion Paper 34 (November 1990)

On Maximum-Likelihood Estimation of the Differencing Parameter of Fractionally Integrated Noise With Unknown Mean
Francis X. Diebold and Yin-Wong Cheung
PDF Version

Discussion Paper 32 (October 1990)

Real Exchange Rates Under the Gold Standard
Francis X. Diebold, Mark Rush, and Steven Husted
PDF Version

Discussion Paper 27 (Revised September 1990)

Nominal Contracting Theories of Unemployment: Evidence From Panel Data
Michael P. Keane
PDF Version

Discussion Paper 31 (July 1990)

International Evidence on Business Cycle Duration Dependence
Daniel E. Sichel, Francis X. Diebold, and Glenn D. Rudebusch
PDF Version

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)
PDF Version

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)
PDF Version

Discussion Paper 25 (March 1990)

The Output, Employment, and Interest Rate Effects of Government Consumption
Lawrence J. Christiano, Martin Eichenbaum, and S. Rao Aiyagari
Published In: Journal of Monetary Economics (Vol. 30, No. 1, October 1992, pp. 73-86)
PDF Version

Discussion Paper 26 (March 1990)

The Allocation of Goods and Time Over the Business Cycle
Jeremy Greenwood and Zvi Hercowitz
PDF Version

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)
PDF Version

Discussion Paper 23 (December 1989)

The Role of Money in a Business Cycle Model
Finn E. Kydland
PDF Version

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
PDF Version

Discussion Paper 21 (December 1989)

Comparisons of Alternative Schemes for the U.S. Real GNP-Unemployment Level Correlation: Sensitivity Analysis
Masanao Aoki
PDF Version

Discussion Paper 22 (December 1989)

Modeling Trends
Christopher A. Sims
PDF Version

Discussion Paper 19 (November 1989)

Instrumental Variable Estimators for State Space Models
Masanao Aoki
PDF Version

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)
PDF Version

Discussion Paper 17 (August 1989)

Hours and Employment Variation in Business Cycle Theory
Edward C. Prescott and Finn E. Kydland
Published In: Economic Theory (Vol. 1, No. 1, January 1991, pp. 63-81)
PDF Version

Discussion Paper 14 (May 1989)

A Nine Variable Probabilistic Macroeconomic Forecasting Model
Christopher A. Sims
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Discussion Paper 15 (May 1989)

Solving Nonlinear Stochastic Optimization and Equilibrium Problems Backwards
Christopher A. Sims
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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
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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)
PDF Version

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)
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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)
PDF Version

Discussion Paper 7 (February 1989)

Recursive Estimation and Modelling of Nonstationary and Nonlinear Time-Series
David E. Runkle and Peter C. Young
PDF Version

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
PDF Version

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
PDF Version

Discussion Paper 9 (January 1989)

Solving a Particular Growth Model by Linear Quadratic Approximation and by Value Function Iteration
Lawrence J. Christiano
PDF Version

Discussion Paper 8 (January 1989)

A Systems Approach to Recursive Economic Forecasting and Seasonal Adjustment
Cho Ng, Peter Armitage, and Peter C. Young
PDF Version

Discussion Paper 5 (December 1988)

The Effects of Stochastic Inflation on Asset Prices
Pamela Labadie
PDF Version

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)
PDF Version

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)
PDF Version

Discussion Paper 2 (April 1988)

Reasonable Extreme Bounds Analysis
Clive W. J. Granger and Harald Uhlig
PDF Version

Discussion Paper 1 (January 1988)

Aggregation of Time Series Variables -- A Survey
Clive W. J. Granger
PDF Version