Annual ReportsDiscussion Papers
After nearly 20 years of production, we are no longer publishing Discussion Papers, effective December 31, 2007.
Discussion Paper 25 (March 1990)
The Output, Employment, and Interest Rate Effects of Government Consumption
S. Rao Aiyagari, Lawrence J. Christiano, 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, 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, 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]
Discussion Paper 17 (August 1989)
Hours and Employment Variation in Business Cycle Theory
Finn E. Kydland, 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]
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, 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]
