Publication Information

Discussion Papers

After nearly 20 years of production, we are no longer publishing Discussion Papers, effective December 31, 2007.

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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]

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