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Working Papers

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Working Paper 695 (February 2012)

Clearing Arrangements in the United States before the Federal Reserve System
Warren E. Weber
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 694 (Revised May 2012)

The Labor Productivity Puzzle
Ellen R. McGrattan, Edward C. Prescott
Published In: Government Policies and the Delayed Economic Recovery (Hoover Institution Press, 2012, pp. 115-154)
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]

Working Paper 693 (Revised November 2012)

Catch-up Growth Followed by Stagnation: Mexico, 1950–2010
Timothy J. Kehoe, Felipe Meza
Published In: Latin American Journal of Economics (Vol. 48, No. 2, November 2011, pp. 227-268)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 692 (November 2011)

On Efficiently Financing Retirement
Ellen R. McGrattan, Edward C. Prescott
Replaced by Staff Report 472
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 691 (October 2011)

Buyers, Sellers and Middlemen: Variations in Search Theory
Yuet-Yee Wong, Randall Wright
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 690 (October 2011)

Sticky Prices: A New Monetarist Approach
Allen Head, Lucy Qian Liu, Guido Menzio, Randall Wright
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 689 (October 2011)

Endogenous Credit Cycles
Chao Gu, Randall Wright
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 688 (October 2011)

Innovation and Growth with Financial, and other, Frictions
Jonathan Chiu, Cesaire Meh, Randall Wright
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 687 (Revised November 2011)

Technology Capital Transfer
Thomas J. Holmes, Ellen R. McGrattan, Edward C. Prescott
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 686 (April 2011)

Do Newspapers Matter? Short-Run and Long-Run Evidence from the Closure of The Cincinnati Post
Miguel Garrido, Sam Schulhofer-Wohl
Replaced by Staff Report 474
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]

Working Paper 685 (April 2011)

Costly Financial Intermediation in Neoclassical Growth Theory
Rajnish Mehra, Facundo Piguillem, Edward C. Prescott
Published In: Quantative Economics (Vol. 2, No. 1, March 2011, pp. 1-36)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 684 (March 2011)

Intergenerational Redistribution in the Great Recession
Andrew Glover, Jonathan Heathcote, Dirk Krueger, José-Víctor Ríos-Rull
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 683 (Revised May 2012)

Heterogeneity and Risk Sharing in Village Economies
Pierre-Andre Chiappori, Krislert Samphantharak, Sam Schulhofer-Wohl, Robert Townsend
Replaced by Staff Report 483
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 682 (December 2010)

Negative Equity Does Not Reduce Homeowners' Mobility
Sam Schulhofer-Wohl
Published In: Quarterly Review (Vol. 35, No. 1, February 2012, pp. 2-14)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 681 (Revised March 2011)

Interstate Migration Has Fallen Less Than You Think: Consequences of Hot Deck Imputation in the Current Population Survey
Greg Kaplan, Sam Schulhofer-Wohl
Replaced by Staff Report 458
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]

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