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Staff Reports
Staff Report 421 (Revised March 2009)
The Current Financial Crisis: What Should We Learn from the Great Depressions of the Twentieth Century?
Gonzalo Fernandez de Cordoba, Timothy J. Kehoe
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 420 (January 2009)
Quantitative Macroeconomics with Heterogeneous Households
Jonathan Heathcote, Kjetil Storesletten, Giovanni L. Violante
Published In: Annual Review of Economics
(Vol. 1, No. 1, 2009, pp. 315-354)
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 419 (Revised May 2009)
Sophisticated Monetary Policies
Andrew Atkeson, V. V. Chari, Patrick J. Kehoe
Published In: Quarterly Journal of Economics
(Vol. 125, No. 1, February 2010, pp. 47-89)
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 418 (December 2008)
Using the General Equilibrium Growth Model to Study Great Depressions: A Reply to Temin
Timothy J. Kehoe, Edward C. Prescott
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 417 (November 2008)
Sluggish Responses of Prices and Inflation to Monetary Shocks in an Inventory Model of Money Demand
Fernando Alvarez, Andrew Atkeson, Chris Edmond
Published In: Quarterly Journal of Economics
(Vol. 124, No. 3, 2009, pp. 911-967)
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 416 (October 2008)
Coin Sizes and Payments in Commodity Money Systems
Angela Redish, Warren E. Weber
Published In: Macroeconomic Dynamics
(Vol. 15, No. S1, April 2011, pp. 62-82)
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 415 (October 2008)
Real Exchange Rate Movements and the Relative Price of Non-Traded Goods
Caroline M. Betts, Timothy J. Kehoe
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 414 (October 2008)
Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate
Timothy J. Kehoe, Kim J. Ruhl
Published In: Journal of Development Economics
(Vol. 89, No. 2, July 2009, pp. 235-249)
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 413 (Revised July 2012)
Prices Are Sticky After All
Patrick J. Kehoe, Virgiliu Midrigan
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 412 (September 2008)
On the Need for a New Approach to Analyzing Monetary Policy
Andrew Atkeson, Patrick J. Kehoe
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 411 (August 2008)
Understanding International Prices: Customers as Capital
Lukasz A. Drozd, Jaromir B. Nosal
Published In: American Economic Review
(Vol. 102, No. 1, February 2012, pp. 364-395)
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 410 (August 2008)
Default and the Maturity Structure in Sovereign Bonds
Cristina Arellano, Ananth Ramanarayanan
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 409 (August 2008)
New Keynesian Models: Not Yet Useful for Policy Analysis
V. V. Chari, Patrick J. Kehoe, Ellen R. McGrattan
Published In: American Economic Journal: Macroeconomics
(Vol. 1, No. 1, January 2009, pp. 242-266)
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]
Staff Report 408 (August 2008)
Liquidity in Asset Markets with Search Frictions
Ricardo Lagos, Guillaume Rocheteau
Published In: Econometrica
(Vol. 77, No. 2, March 2009, pp. 403-426)
[Paper available on-line as PDF (Adobe Acrobat) file]
Staff Report 407 (Revised March 2009)
Appendices: Technology Capital and the U.S. Current Account
Ellen R. McGrattan, Edward C. Prescott
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]
