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Working Papers

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Working Paper 655 (September 2007)

Intermediated Quantities and Returns
Rajnish Mehra, Facundo Piguillem, Edward C. Prescott
Replaced by Staff Report 405
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]

Working Paper 654 (September 2007)

Reply to Solow
V. V. Chari, Patrick J. Kehoe
Replaced by Staff Report 399
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 653 (Revised October 2007)

Asymmetric Expectation Effects of Regime Shifts and the Great Moderation
Zheng Liu, Daniel F. Waggoner, Tao Zha
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 652 (April 2007)

Sales and the Real Effects of Monetary Policy
Patrick J. Kehoe, Virgiliu Midrigan
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 651 (April 2007)

Openness, Technology Capital, and Development
Ellen R. McGrattan, Edward C. Prescott
Replaced by Staff Report 396
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 650 (March 2007)

If Exchange Rates Are Random Walks Then Almost Everything We Say About Monetary Policy Is Wrong
Fernando Alvarez, Andrew Atkeson, Patrick J. Kehoe
Replaced by Staff Report 388
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 649 (January 2007)

New Goods and the Size Distribution of Firms
Erzo G.J. Luttmer
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 648 (December 2006)

On the Needed Quantity of Government Debt
Kathryn Birkeland, Edward C. Prescott
Published In: Quarterly Review (Vol. 31, November 2007, pp. 2-15)
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]

Working Paper 647 (December 2006)

Comparing Alternative Representations, Methodologies, and Decompositions in Business Cycle Accounting
V. V. Chari, Patrick J. Kehoe, Ellen R. McGrattan
Replaced by Staff Report 384
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 646 (Revised April 2008)

Technology Capital and the U.S. Current Account
Ellen R. McGrattan, Edward C. Prescott
Replaced by Staff Report 406
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]

Working Paper 645 (October 2006)

Consumer Search and Firm Growth
Erzo G.J. Luttmer
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 644 (Revised August 2007)

Investment-Specific Technological Change, Skill Accumulation, and Wage Inequality
Hui He, Zheng Liu
Published In: Review of Economic Dynamics (Vol. 11, Issue 2, April 2008, pp. 314-334)
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 643 (July 2006)

Measurement with Minimal Theory
Ellen R. McGrattan
[Paper available on-line as PDF (Adobe Acrobat) file]
[Additional Information is available for this paper]

Working Paper 642 (Revised July 2006)

New Evidence on State Banking Before the Civil War
Warren E. Weber
[Paper available on-line as PDF (Adobe Acrobat) file]

Working Paper 641 (Revised March 2006)

A Model of Banknote Discounts
Laurence Ales, Francesca Carapella, Pricila Maziero, Warren E. Weber
Published In: Journal of Economic Theory (Vol. 142, No. 1, September 2008, pp. 5-27)
[Paper available on-line as PDF (Adobe Acrobat) file]

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