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Working Papers

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Working Paper 550 (Revised April 1996)

Coexistence of Money and Interest-Bearing Securities
S. Rao Aiyagari, Neil Wallace, Randall Wright
Published In: Journal of Monetary Economics (Vol. 37, No. 3, June 1996, pp. 397-419)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 549 (May 1995)

Neighbors: A Locational Model of Human Capital Acquisition
George T. McCandless Jr.
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 548 (April 1995)

Putty-Clay Capital and Energy
Andrew Atkeson, Patrick J. Kehoe
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 547 (April 1995)

Social Insurance and Transition
Andrew Atkeson, Patrick J. Kehoe
Replaced by Staff Report 202
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 546 (March 1995)

Optimal Social Insurance, Incentives, and Transition
Andrew Atkeson, Patrick J. Kehoe
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 545 (March 1995)

On the Turnover of Business Firms and Business Managers
Thomas J. Holmes, James A. Schmitz, Jr.
Published In: Journal of Political Economy (Vol. 103, Issue 5, October 1995, pp. 1005-1038)
Published In: Innovation, evolution of industry and economic growth (Vol. 2, 2000, pp. 29-62)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 544 (Revised May 1995)

Analyzing a Proposal to Ban State Tax Breaks to Businesses
Thomas J. Holmes
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 543 (Revised April 1995)

Comments on Farmer and Guo's "The Econometrics of Indeterminacy: An Applied Study."
S. Rao Aiyagari
Replaced by Staff Report 196
[Paper not available on-line]

Working Paper 542 (Revised September 1995)

The Evolution of Debt and Equity Markets in Economic Development
John H. Boyd, Bruce D. Smith
Published In: Economic Theory (Vol. 12, No. 3, November 1998, pp. 519-560)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 541 (Revised February 1996)

The Co-Evolution of the Real and Financial Sectors in the Growth Process
John H. Boyd, Bruce D. Smith
Published In: World Bank Economic Review (Vol. 10, No. 2, May 1996, pp. 371-396)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 540 (Revised January 1995)

Bayesian Reduced Rank Regression in Econometrics
John F. Geweke
Published In: Journal of Econometrics (Vol. 75, No. 1, November 1996, pp. 121-146)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 539 (November 1994)

Variable Selection and Model Comparison in Regression
John F. Geweke
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 538 (Revised December 1994)

The Optimal Quantity of Debt
S. Rao Aiyagari, Ellen R. McGrattan
Replaced by Staff Report 203
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 537 (Revised July 1996)

The Use of Debt and Equity in Optimal Financial Contracts
John H. Boyd, Bruce D. Smith
Published In: Journal of Financial Intermediation (Vol. 8, No. 4, October 1999, pp. 270-316)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 536 (Revised September 1995)

The Debasement Puzzle: An Essay on Medieval Monetary Policy
Arthur J. Rolnick, Fran├žois R. Velde, Warren E. Weber
Published In: Journal of Economic History (Vol 56, Num 4, December 1996, pp. 789-808)
[Paper available on-line as PDF (Adobe Acrobat) file]

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