Topic - Microeconomics

View: 15 All

Health and Mortality Delta: Assessing the Welfare Cost of Household Insurance Choice

Motohiro Yogo, Ralph S. J. Koijen, Stijn Van Nieuwerburgh
June 2014 - Staff Report

Intergenerational Redistribution in the Great Recession

Dirk Krueger, José-Víctor Ríos-Rull, Jonathan Heathcote, Andrew Glover
May 2014 - Staff Report

The Illusion of School Choice: Empirical Evidence from Barcelona

Maia Guell, Caterina Calsamiglia
May 2014 - Working Paper

The Over-the-Counter Theory of the Fed Funds Market: A Primer

Ricardo Lagos, Gara Afonso
April 2014 - Working Paper

Trade Dynamics in the Market for Federal Funds

Ricardo Lagos, Gara Afonso
March 2014 - Working Paper

Optimal Tax Progressivity: An Analytical Framework

Giovanni L. Violante, Jonathan Heathcote, Kjetil Storesletten
February 2014 - Staff Report

Minneapolis Fed releases Housing Market Index report

January 2014 - Community Dividend

Understanding the Long-Run Decline in Interstate Migration

Greg Kaplan, Sam Schulhofer-Wohl
December 2013 - Working Paper

Learning-by-Employing: The Value of Commitment under Uncertainty

Elena Pastorino, Braz Camargo
August 2013 - Staff Report

The Age-Time-Cohort Problem and the Identification of Structural Parameters in Life-Cycle Models

Sam Schulhofer-Wohl
June 2013 - Working Paper

Inferring Labor Income Risk and Partial Insurance from Economic Choices

Fatih Guvenen, Anthony Smith
June 2013 - Staff Report

Heterogeneity and Risk Sharing in Village Economies

Robert Townsend, Sam Schulhofer-Wohl, Pierre-Andre Chiappori, Krislert Samphantharak
June 2013 - Staff Report

Careers in Firms: Estimating a Model of Job Assignment, Learning, and Human Capital Acquisition

Elena Pastorino
June 2013 - Staff Report

Portfolio Choices and Risk Preferences in Village Economies

Robert Townsend, Sam Schulhofer-Wohl, Pierre-Andre Chiappori, Krislert Samphantharak
June 2013 - Working Paper

Supplementary Appendix: Careers in Firms—Estimating a Model of Job Assignment, Learning, and Human Capital Acquisition

Elena Pastorino
June 2013 - Staff Report

Reconciling Consumption Inequality with Income Inequality

Vadym Lepetyuk, Christian A. Stoltenberg
April 2013 - Working Paper

Women’s Emancipation through Education: A Macroeconomic Analysis

Fatih Guvenen, Michelle Rendall
April 2013 - Working Paper

Engineering a Paradox of Thrift Recession

José-Víctor Ríos-Rull, Zhen Huo
December 2012 - Staff Report

Do Newspapers Matter? Short-Run and Long-Run Evidence from the Closure of The Cincinnati Post

Miguel Garrido, Sam Schulhofer-Wohl
September 2012 - Staff Report

New and Larger Costs of Monopoly and Tariffs

James A. Schmitz, Jr.
July 2012 - Staff Report

Financial Frictions and Fluctuations in Volatility

Patrick J. Kehoe, Cristina Arellano, Yan Bai
July 2012 - Staff Report

Heterogeneity and Risk Sharing in Village Economies

Robert Townsend, Sam Schulhofer-Wohl, Pierre-Andre Chiappori, Krislert Samphantharak
July 2012 - Working Paper

Optimal Regulation in the Presence of Reputation Concerns

Andrew Atkeson, Guillermo L. Ordonez, Christian Hellwig
February 2012 - Staff Report

Consumption and Labor Supply with Partial Insurance: An Analytical Framework

Giovanni L. Violante, Jonathan Heathcote, Kjetil Storesletten
February 2012 - Staff Report

Bank Liability Insurance Schemes Before 1865

Warren E. Weber
December 2011 - Working Paper

Innovation and Growth with Financial, and other, Frictions

Randall Wright, Jonathan Chiu, Cesaire Meh
October 2011 - Working Paper

Do Newspapers Matter? Short-Run and Long-Run Evidence from the Closure of The Cincinnati Post

Sam Schulhofer-Wohl, Miguel Garrido
April 2011 - Working Paper

Costly Financial Intermediation in Neoclassical Growth Theory

Edward C. Prescott, Rajnish Mehra, Facundo Piguillem
April 2011 - Working Paper

Intergenerational Redistribution in the Great Recession

Dirk Krueger, José-Víctor Ríos-Rull, Jonathan Heathcote, Andrew Glover
March 2011 - Working Paper

Facts on the Distributions of Earnings, Income, and Wealth in the United States: 2007 Update

Javier Díaz-Giménez, José-Víctor Ríos-Rull, Andrew Glover
March 2011 - Quarterly Review

Inferring Labor Income Risk From Economic Choices: An Indirect Inference Approach

Fatih Guvenen, Anthony Smith
July 2010 - Staff Report

Moving Back Home: Insurance Against Labor Market Risk

Greg Kaplan
March 2010 - Working Paper

The Meaning of Slutsky

The insight of an obscure Soviet statistician—that random processes can form cyclical patterns—has profoundly shaped our understanding of economic booms and recessions.
Joe Mahon, Phil Davies
December 2009 - The Region

The Mechanics of Demand

The Slutsky equation clarifies the complicated effects of price changes.
Joe Mahon
December 2009 - The Region

Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967–2006

Fabrizio Perri, Giovanni L. Violante, Jonathan Heathcote
October 2009 - Staff Report

Risk Sharing, Inequality, and Fertility

Larry E. Jones, Ali Shourideh, Roozbeh Hosseini
September 2009 - Working Paper

Firm Dynamics and Financial Development

Cristina Arellano, Yan Bai, Jing Zhang
July 2009 - Staff Report

Fragility of Reputation and Clustering of Risk-Taking

Guillermo L. Ordonez
July 2009 - Staff Report

Larger Crises, Slower Recoveries: The Asymmetric Effects of Financial Frictions

Guillermo L. Ordonez
July 2009 - Staff Report

Reputation from Nested Activities: The Inefficient Effects of Scapegoating

Guillermo L. Ordonez
July 2009 - Staff Report

Monopoly and the Incentive to Innovate When Adoption Involves Switchover Disruptions

James A. Schmitz, Jr., Thomas J. Holmes, David K. Levine
December 2008 - Staff Report

Technical Notes on Facts and Myths about the Financial Crisis of 2008

Maxim Troshkin
October 2008 - Working Paper

Business Start-Ups and Productive Efficiency

Hakki Yazici
September 2008 - Working Paper

Creative Disruption

Economic theory has been unable to explain the bond between competition and innovation. Until now.
Douglas Clement
September 2008 - The Region

Liquidity in Asset Markets with Search Frictions

Ricardo Lagos, Guillaume Rocheteau
August 2008 - Staff Report

Accounting for Private Information

Pricila Maziero, Laurence Ales
June 2008 - Working Paper

Changes in the Distribution of Family Hours Worked Since 1950

Ellen R. McGrattan, Richard Rogerson
April 2008 - Staff Report

Achieving economies of scale through strategic restructuring: The case of Sparc

How two well-established CDCs in St. Paul, Minn., responded to funding pressures by merging to form a new entity called Sparc.
Michou Kokodoko
January 2008 - Community Dividend

Time to Remodel?

Fed researchers suggest that two core models used by economists are seriously flawed.
Douglas Clement
September 2007 - The Region

Establishment Size Dynamics in the Aggregate Economy

Esteban Rossi-Hansberg, Mark L. J. Wright
November 2006 - Staff Report

Bankruptcy and Collateral in Debt Constrained Markets

Timothy J. Kehoe, David K. Levine
October 2006 - Staff Report

Asset Prices and Liquidity in an Exchange Economy

Ricardo Lagos
May 2006 - Staff Report

Household Heterogeneity and Real Exchange Rates

Narayana Kocherlakota, Luigi Pistaferri
April 2006 - Staff Report

Thomas J. Holmes on Wal-Mart's location strategy

Holmes describes Wal-Mart's location strategy and possible implications for the Ninth District.
David Fettig
March 2006 - fedgazette

Temptation and Self-Control: Some Evidence and Applications

Kevin X. D. Huang, Zheng Liu, Qi Zhu
January 2006 - Staff Report

Liquidity and Insurance for the Unemployed

Iván Werning, Robert Shimer
December 2005 - Staff Report

Opportunity and Social Mobility

Christopher Phelan
September 2005 - Staff Report

Does Income Inequality Lead to Consumption Equality? Evidence and Theory

Fabrizio Perri, Dirk Krueger
June 2005 - Staff Report

Real Effects of Inflation Through the Redistribution of Nominal Wealth

Martin Schneider, Matthias Doepke
February 2005 - Staff Report

Avoiding Significant Monetary Policy Mistakes

Gary H. Stern, Preston J. Miller
December 2004 - Quarterly Review

Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics

Julia Thomas, Aubhik Khan
December 2004 - Staff Report

Rent-Seeking and Innovation

Michele Boldrin, David K. Levine
October 2004 - Staff Report

IER Lawrence Klein Lecture: The Case Against Intellectual Monopoly

Michele Boldrin, David K. Levine
June 2004 - Staff Report

Privatization’s Impact on Private Productivity: The Case of Brazilian Iron Ore

James A. Schmitz, Jr., Arilton Teixeira
June 2004 - Staff Report

Dynamic Optimal Taxation with Private Information

Christopher Sleet, Stefania Albanesi
May 2004 - Discussion Paper

Non-Convexities in Quantitative General Equilibrium Studies of Business Cycles

Edward C. Prescott
November 2003 - Staff Report

Competitive Equilibria With Limited Enforcement

Patrick J. Kehoe, Fabrizio Perri
September 2003 - Staff Report

Entrepreneurship, Frictions, and Wealth

Mariacristina De Nardi, Marco Cagetti
September 2003 - Staff Report

An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA

Timothy J. Kehoe
August 2003 - Staff Report

The Economics of Labor Adjustment: Mind the Gap

Jonathan L. Willis, Russell Cooper
July 2003 - Staff Report

Letter to the Editor

Gary Becker
June 2003 - The Region

Wealth Inequality and Intergenerational Links

Mariacristina De Nardi
November 2002 - Staff Report

Updated Facts on the U.S. Distributions of Earnings, Income, and Wealth

Javier Díaz-Giménez, José-Víctor Ríos-Rull, Santiago Budría Rodríguez, Vincenzo Quadrini
July 2002 - Quarterly Review

A Punishing Debate

Does the death penalty deter homicide? New economic studies seek the answer to an age-old question.
Douglas Clement
June 2002 - The Region

Interview with Gary Becker

Nobel prize-winning economist discusses his views on moral hazard in banking, his work on the economics of crime and more.
Douglas Clement
June 2002 - The Region

Inequality and Fairness

Christopher Phelan
April 2002 - Quarterly Review

Perfectly Competitive Innovation

Michele Boldrin, David K. Levine
March 2002 - Staff Report

Factor Saving Innovation

Michele Boldrin, David K. Levine
February 2002 - Staff Report

Learning from Failure

Andreas Blume, April Franco
February 2002 - Staff Report

Optimal Indirect and Capital Taxation

Narayana Kocherlakota, Aleh Tsyvinski, Mikhail Golosov
September 2001 - Staff Report

Looking for Evidence of Time-Inconsistent Preferences in Asset Market Data

Narayana Kocherlakota
July 2001 - Quarterly Review

Specialization and the Skill Premium in the 20th Century

Matthew F. Mitchell
July 2001 - Staff Report

Building Blocks for Barriers to Riches

Narayana Kocherlakota
March 2001 - Staff Report

On the Equilibrium Concept for Overlapping Generations Organizations

Edward C. Prescott, José-Víctor Ríos-Rull
November 2000 - Staff Report

Risky Collateral and Deposit Insurance

Narayana Kocherlakota
August 2000 - Staff Report

Rewarding Sequential Innovators: Prizes, Patents and Buyouts

Gerard Llobet, Hugo Hopenhayn, Matthew F. Mitchell
July 2000 - Staff Report

Improving our Understanding of Productivity

Alan Greenspan
June 2000 - The Region

Knowledge Exchange, Matching, and Agglomeration

Marcus Berliant, Ping Wang, Robert R. Reed III
June 2000 - Discussion Paper

Old Ideas at Work in the New Economy

David Runkle, Minneapolis Fed research officer, suggests that a close look at U.S. microeconomic events portends further potential for the country's macroeconomy.
David E. Runkle
June 2000 - The Region

Some Fresh Perspectives on Price-Support Policies

Preston J. Miller
June 2000 - Staff Report

Threats to Industry Survival and Labor Productivity: World Iron-Ore Markets in the 1980's

James A. Schmitz, Jr., Jose E. Galdon-Sanchez
June 2000 - Staff Report

Learning to Be Unpredictable: An Experimental Study

Arijit Mukherji, David E. Runkle
April 2000 - Quarterly Review

Maintenance and Repair: Too Big to Ignore

Ellen R. McGrattan, James A. Schmitz, Jr.
September 1999 - Quarterly Review

Optimal Monetary Impulse-Response Functions in a Matching Model

Neil Wallace, Brett Katzman, John Kennan
September 1999 - Working Paper

Efficient Allocations with Hidden Income and Hidden Storage

Narayana Kocherlakota, Harold L. Cole
June 1999 - Staff Report

Risk Sharing: Private Insurance Markets or Redistributive Taxes?

Fabrizio Perri, Dirk Krueger
June 1999 - Staff Report

A Recursive Formulation for Repeated Agency with History Dependence

Christopher Phelan, Ana Fernandes
March 1999 - Staff Report

Entrepreneurial Moral Hazard and Bank Monitoring: A Model of the Credit Channel

Javier Suarez, Rafael Repullo
March 1999 - Discussion Paper

Original Version: Sequential Equilibria in a Ramsey Tax Model

Christopher Phelan, Ennio Stacchetti
February 1999 - Staff Report

Sequential Equilibria in a Ramsey Tax Model

Christopher Phelan, Ennio Stacchetti
February 1999 - Staff Report

Efficient Non-contractible Investments

Andrew Postlewaite, George J. Mailath, Harold L. Cole
August 1998 - Staff Report

The Existence of Rational Expectations Equilibrium: A Retrospective

Beth Allen, James S. Jordan
August 1998 - Staff Report

Lessons From a Laissez-Faire Payments System: The Suffolk Banking System (1825–58)

Arthur J. Rolnick, Warren E. Weber, Bruce D. Smith
July 1998 - Quarterly Review

The Technological Role of Fiat Money

Narayana Kocherlakota
July 1998 - Quarterly Review

Individual and Aggregate Real Balances in a Random-Matching Model

Ruilin Zhou
January 1998 - Staff Report

Macroeconomics With Frictions

S. Rao Aiyagari
July 1997 - Quarterly Review

Marital Risk and Capital Accumulation

José-Víctor Ríos-Rull, Luis Cubeddu
July 1997 - Staff Report

On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model

José-Víctor Ríos-Rull, Per Krusell
July 1997 - Staff Report

Dimensions of Inequality: Facts on the U.S. Distributions of Earnings, Income, and Wealth

Javier Díaz-Giménez, José-Víctor Ríos-Rull, Vincenzo Quadrini
April 1997 - Quarterly Review

Understanding the U.S. Distribution of Wealth

José-Víctor Ríos-Rull, Vincenzo Quadrini
April 1997 - Quarterly Review

Cooperative Theory with Incomplete Information

Beth Allen
December 1996 - Staff Report

Implementation Theory with Incomplete Information

Beth Allen
December 1996 - Staff Report

Step-by-Step Migration to Efficient Agglomerations

Thomas J. Holmes
November 1996 - Staff Report

Money is Memory

Narayana Kocherlakota
October 1996 - Staff Report

Are Checks Overused?

Kirstin E. Wells
September 1996 - Quarterly Review

On the Political Economy of Income Redistribution and Crime

Antonio Merlo, Ayse Imrohoroglu, Peter Rupert
September 1996 - Staff Report

Chaos, Sunspots, and Automatic Stabilizers

Lawrence J. Christiano, Sharon G. Harrison
August 1996 - Staff Report

Class Systems and the Enforcement of Social Norms

Andrew Postlewaite, George J. Mailath, Harold L. Cole
July 1996 - Staff Report

Why Should Older People Invest Less in Stocks Than Younger People?

Narayana Kocherlakota, Ravi Jagannathan
July 1996 - Quarterly Review

Valuation Equilibria With Clubs

Edward C. Prescott, Harold L. Cole
March 1996 - Staff Report

How Prescribed Policy Can Mislead When Data Are Defective: A Follow-up to Srinivasan (1994) Using General Equilibrium

Erinç Yeldan, Jean Mercenier
February 1996 - Staff Report

Tobin's q and Asset Returns: Implications for Business Cycle Analysis

Lawrence J. Christiano, Jonas D. M. Fisher
November 1995 - Staff Report

Incorporating Concern for Relative Wealth Into Economic Models

Andrew Postlewaite, George J. Mailath, Harold L. Cole
July 1995 - Quarterly Review

An Equilibrium Model of the Business Cycle With Household Production and Fiscal Policy

Ellen R. McGrattan, Randall Wright, Richard Rogerson
May 1995 - Staff Report

On Sunk Costs and Trade Liberalization in Applied General Equilibrium

Jean Mercenier, Nicolas Schmitt
March 1995 - Staff Report

Capacity Precommitment as a Barrier to Entry: A Bertrand-Edgeworth Approach

Beth Allen, Dan Kovenock, Raymond Deneckere, Tom Faith
February 1995 - Staff Report

A Contribution to the Theory of Pork Barrel Spending

V. V. Chari, Harold L. Cole
January 1995 - Staff Report

Estimating Substitution Elasticities in Household Production Models

Peter Rupert, Randall Wright, Richard Rogerson
December 1994 - Staff Report

Nonuniqueness of Solutions in Applied General Equilibrium Models With Scale Economies and Imperfect Competition

Jean Mercenier
October 1994 - Staff Report

Macroeconomics With Frictions

S. Rao Aiyagari
July 1994 - Quarterly Review

Dynamic Bargaining Theory

Melvyn Coles, Randall Wright
June 1994 - Staff Report

Two-Sided Search

Kenneth Burdett, Randall Wright
April 1994 - Staff Report

Explaining Financial Market Facts: The Importance of Incomplete Markets and Transaction Costs

S. Rao Aiyagari
December 1993 - Quarterly Review

Household Production and Taxation in the Stochastic Growth Model

Ellen R. McGrattan, Randall Wright, Richard Rogerson
December 1993 - Staff Report

On the Emergence of Parliamentary Government: The Role of Private Information

Edward J. Green
December 1993 - Quarterly Review

Why Are Representative Democracies Fiscally Irresponsible?

V. V. Chari, Harold L. Cole
August 1993 - Staff Report

Shadowing the Shadows

The Shadow Open Market Committee has persistently, and faithfully, trailed its Federal Reserve namesake for 20 years
David Fettig
June 1993 - The Region

Banking in Computable General Equilibrium Economies: Technical Appendices I and II

Fernando Alvarez, Terry J. Fitzgerald
October 1992 - Staff Report

How the U.S. Treasury Should Auction Its Debt

V. V. Chari, Robert J. Weber
September 1992 - Quarterly Review

Banking in Computable General Equilibrium Economies

Edward C. Prescott, Fernando Alvarez, Javier Díaz-Giménez, Terry J. Fitzgerald
March 1992 - Staff Report

International Real Business Cycles

Patrick J. Kehoe, David K. Backus, Finn E. Kydland
November 1991 - Staff Report

Contracts, Constraints, and Consumption

Edward J. Green, Soo Nam Oh
August 1991 - Staff Report

Eliciting Traders’ Knowledge in “Frictionless” Asset Market

Edward J. Green
August 1991 - Staff Report

A Reconsideration of the Problem of Social Cost: Free Riders and Monopolists

V. V. Chari, Larry E. Jones
July 1991 - Staff Report

Barter and Monetary Exchange Under Private Information

Randall Wright, Stephen D. Williamson
June 1991 - Staff Report

Why Is Automobile Insurance in Philadelphia So Damn Expensive?

Eric Smith, Randall Wright
April 1991 - Staff Report

A Note on Labor Contracts With Private Information and Household Production

Ed Nosal, Randall Wright, Richard Rogerson
January 1991 - Staff Report

Homework in Macroeconomics: Household Production and Aggregate Fluctuations

Jess Benhabib, Randall Wright, Richard Rogerson
January 1991 - Staff Report

Indivisibilities, Lotteries, and Sunspot Equilibria

Karl Shell, Randall Wright
January 1991 - Staff Report

A Suggestion for Oversimplifying the Theory of Money

Neil Wallace
December 1990 - Quarterly Review

The Permanent Income Hypothesis Revisited

Lawrence J. Christiano, David A. Marshall, Martin Eichenbaum
January 1990 - Staff Report

The Firm and the Plant in General Equilibrium Theory

Edward C. Prescott, Andreas Hornstein
November 1989 - Staff Report

A Contribution to the Pure Theory of Money

Nobuhiro Kiyotaki, Randall Wright
August 1989 - Staff Report

Bank Failures, Financial Restrictions, and Aggregate Fluctuations: Canada and the United States, 1870–1913

Stephen D. Williamson
July 1989 - Quarterly Review

Banking Without Deposit Insurance or Bank Panics: Lessons From a Model of the U.S. National Banking System

V. V. Chari
July 1989 - Quarterly Review

Sustainable Plans

Patrick J. Kehoe, V. V. Chari
June 1989 - Staff Report

Determinacy of Equilibria in Dynamic Models With Finitely Many Consumers

Timothy J. Kehoe, David K. Levine, Paul M. Romer
March 1989 - Staff Report

Economic Fluctuations Without Shocks to Fundamentals; Or, Does the Stock Market Dance to Its Own Music?

S. Rao Aiyagari
December 1988 - Quarterly Review

Time Consistency and Optimal Policy Design

V. V. Chari
September 1988 - Quarterly Review

Can There Be Short-Period Deterministic Cycles When People Are Long Lived?

S. Rao Aiyagari
May 1988 - Staff Report

Why Is Consumption Less Volatile Than Income?

Lawrence J. Christiano
September 1987 - Quarterly Review

Recent Developments in Modeling Financial Intermediation

Stephen D. Williamson
July 1987 - Quarterly Review

Intergenerational Linkages and Government Budget Policies

S. Rao Aiyagari
April 1987 - Quarterly Review

Is Consumption Insufficiently Sensitive to Innovations in Income

Lawrence J. Christiano
January 1987 - Staff Report

Modern Business Cycle Analysis: A Guide to the Prescott-Summers Debate

Rodolfo E. Manuelli
September 1986 - Quarterly Review

Response to a Skeptic

Edward C. Prescott
September 1986 - Quarterly Review

Some Skeptical Observations on Real Business Cycle Theory

Lawrence H. Summers
September 1986 - Quarterly Review

Theory Ahead of Business Cycle Measurement

Edward C. Prescott
September 1986 - Quarterly Review

Solution of Linear-Quadratic-Gaussian Dynamic Games Using Variational Methods

William Roberds
July 1986 - Staff Report

Probable Future Competition in Banking Antitrust Determination: Research Findings

Michael J. Stutzer
July 1984 - Quarterly Review

Should Currency Be Priced Like Cars?

Richard M. Todd, Thomas M. Supel
April 1984 - Quarterly Review

A Legal Restrictions Theory of the Demand for "Money" and the Role of Monetary Policy

Neil Wallace
December 1983 - Quarterly Review

Integrating Micro and Macroeconomics: An Application to Credit Controls

Neil Wallace
September 1980 - Quarterly Review

Rational Expectations and the Reconstruction of Macroeconomics

Thomas J. Sargent
July 1980 - Quarterly Review

After Keynesian Macroeconomics

Robert E. Lucas, Jr., Thomas J. Sargent
April 1979 - Quarterly Review

Inflation: An Extreme View

John H. Kareken
December 1978 - Quarterly Review

TIP: The Wrong Way to Fight Inflation

Preston J. Miller
April 1978 - Quarterly Review

Looking for Evidence of Noncompetitive Behavior in Minnesota's Banking Industry

Arthur J. Rolnick, David S. Dahl, Stanley L. Graham
September 1977 - Quarterly Review

View: 15 All

 
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The Region: Interview with Michael Woodford