Annual ReportsDiscussion Papers
After nearly 20 years of production, we are no longer publishing Discussion Papers, effective December 31, 2007.
Discussion Paper 40 (March 1991)
Seigniorage and the Welfare Cost of Inflation: Evidence from an Intertemporal Model of Money and Consumption
Zvi Eckstein, 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, 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, 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]
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, 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, 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, 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, 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, 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, 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, Zvi Hercowitz
[Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
