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• Staff Report 407 (April 2008)
  Appendices: Technology Capital and the U.S. Current Account
  Ellen R. McGrattan and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 406 (April 2008)
  Technology Capital and the U.S. Current Account
  Ellen R. McGrattan and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 405 (April 2008)
  Intermediated Quantities and Returns
  Rajnish Mehra, Facundo Piguillem, and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 404 (April 2008)
  Pricing-to-Market, Trade Costs, and International Relative Prices
  Andrew Atkeson and Ariel Burstein
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 403 (April 2008)
  Optimal Fiscal and Monetary Policy: Equivalence Results
  Isabel Correia, Juan Pablo Nicolini, and Pedro Teles
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 402 (March 2008)
  Monopoly and the Incentive to Innovate When Adoption Involves Switchover Disruptions
  Thomas J. Holmes, David K. Levine, and James A. Schmitz, Jr.
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 401 (November 2007)
  Modeling Great Depressions: The Depression in Finland in the 1990s
  Juan Carlos Conesa, Timothy J. Kehoe, and Kim J. Ruhl
  Published In: Quarterly Review (Vol. 31, No. 1, November 2007, pp. 16-44)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 400 (November 2007)
  Lifetime Aggregate Labor Supply with Endogenous Workweek Length
  Edward C. Prescott, Richard Rogerson, and Johanna Wallenius
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 399 (October 2007)
  The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
  V. V. Chari and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 398 (October 2007)
  The International Diversification Puzzle Is Not as Bad as You Think
  Jonathan Heathcote and Fabrizio Perri
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 397 (Revised April 2008)
  Changes in the Distribution of Family Hours Worked Since 1950
  Ellen R. McGrattan and Richard Rogerson
  Forthcoming In: Frontiers of Family Economics (Vol. 1, 2008)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 396 (October 2007)
  Openness, Technology Capital, and Development
  Ellen R. McGrattan and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 395 (September 2007)
  Technical Appendix: Unmeasured Investment and the Puzzling U.S. Boom in the 1990s
  Ellen R. McGrattan and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 394 (August 2007)
  On the Optimal Choice of a Monetary Policy Instrument
  Andrew Atkeson, V. V. Chari, and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 393 (July 2007)
  Money and Bonds: An Equivalence Theorem
  Narayana R. Kocherlakota
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 392 (June 2007)
  Contract Enforcement and Firms’ Financing
  Cristina Arellano, Yan Bai, and Jing Zhang
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 391 (Revised January 2008)
  Are Shocks to the Terms of Trade Shocks to Productivity?
  Timothy J. Kehoe and Kim J. Ruhl
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 390 (April 2007)
  Time Consistent Monetary Policy with Endogenous Price Rigidity
  Henry E. Siu
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 389 (April 2007)
  Does Regulation Reduce Productivity? Evidence From Regulation of the U.S. Beet-Sugar Manufacturing Industry During the Sugar Acts, 1934-74
  Benjamin Bridgman, Shi Qi, and James A. Schmitz, Jr.
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 388 (March 2007)
  If Exchange Rates Are Random Walks, Then Almost Everything We Say about Monetary Policy is Wrong
  Fernando Alvarez, Andrew Atkeson, and Patrick J. Kehoe
  Published In: American Economic Review (Vol. 97, No. 2, May 2007, pp. 339-345)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 387 (March 2007)
  The Young, the Old, and the Restless: Demographics and Business Cycle Volatility
  Nir Jaimovich and Henry E. Siu
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 386 (February 2007)
  Nature or Nurture? Learning and Female Labor Force Dynamics
  Alessandra Fogli and Laura Veldkamp
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 385 (January 2007)
  Dollarization and Financial Integration
  Cristina Arellano and Jonathan Heathcote
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 384 (Revised March 2007)
  Comparing Alternative Representations, Methodologies, and Decompositions in Business Cycle Accounting
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 383 (November 2006)
  Private Monitoring with Infinite Histories
  Christopher Phelan and Andrzej Skrzypacz
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 382 (November 2006)
  Establishment Size Dynamics in the Aggregate Economy
  Esteban Rossi-Hansberg and Mark L. J. Wright
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 381 (November 2006)
  Urban Structure and Growth
  Esteban Rossi-Hansberg and Mark L. J. Wright
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 380 (October 2006)
  Bankruptcy and Collateral in Debt Constrained Markets
  Timothy J. Kehoe and David K. Levine
  Forthcoming In: Macroeconomic Dynamics
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 379 (October 2006)
  How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
  Patrick J. Kehoe
  Published In: NBER Macroeconomics Annual 2006 (pp. 73-96)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 378 (October 2006)
  Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model
  Claustre Bajona and Timothy J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 377 (October 2006)
  Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations versus Infinitely Lived Consumers
  Claustre Bajona and Timothy J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 376 (August 2006)
  Modern Macroeconomics in Practice: How Theory is Shaping Policy
  V. V. Chari and Patrick J. Kehoe
  Published In: Journal of Economic Perspectives (Vol. 20, No. 4, Fall 2006, pp. 3-28)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 375 (June 2006)
  Search in Asset Markets
  Ricardo Lagos and Guillaume Rocheteau
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 374 (May 2006)
  Inside and Outside Money
  Ricardo Lagos
  Forthcoming In: New Palgrave Dictionary of Economics
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 373 (May 2006)
  Asset Prices and Liquidity in an Exchange Economy
  Ricardo Lagos
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 372 (April 2006)
  Household Heterogeneity and Real Exchange Rates
  Narayana R. Kocherlakota and Luigi Pistaferri
  Published In: Economic Journal (Vol. 117, 2007, pp. C1-C25)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 371 (Revised September 2007)
  Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium
  Fernando Alvarez, Andrew Atkeson, and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 370 (February 2006)
  Real Business Cycles
  Ellen R. McGrattan
  Forthcoming In: The New Palgrave Dictionary of Economics, 2nd Ed.
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 369 (Revised September 2007)
  Unmeasured Investment and the Puzzling U.S. Boom in the 1990s
  Ellen R. McGrattan and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 368 (January 2006)
  Geographic Spillover of Unionism
  Thomas J. Holmes
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 367 (January 2006)
  Temptation and Self-Control: Some Evidence and Applications
  Kevin X. D. Huang, Zheng Liu, and Qi Zhu
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 366 (December 2005)
  Liquidity and Insurance for the Unemployed
  Robert Shimer and Iván Werning
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 365 (December 2005)
  Tax Smoothing with Redistribution
  Iván Werning
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 364 (Revised May 2007)
  Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 363 (June 2005)
  Does Income Inequality Lead to Consumption Equality? Evidence and Theory
  Dirk Krueger and Fabrizio Perri
  Published In: Review of Economic Studies (Vol. 73, No. 1, January 2006, pp. 163-193)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 362 (Revised December 2006)
  Appendices: Business Cycle Accounting
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 361 (April 2005)
  Culture: An Empirical Investigation of Beliefs, Work, and Fertility
  Raquel Fernandez and Alessandra Fogli
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 360 (March 2005)
  Intellectual Property and Market Size
  Michele Boldrin and David K. Levine
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 359 (March 2005)
  Fertility and Social Security
  Michele Boldrin, Mariacristina De Nardi, and Larry E. Jones
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 358 (Revised February 2006)
  A Model of Job and Worker Flows
  Nobuhiro Kiyotaki and Ricardo Lagos
  Published In: Journal of Political Economy (Vol. 115, No. 5, October 2007, pp. 770-819)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 357 (February 2005)
  The Economics of Ideas and Intellectual Property
  Michele Boldrin and David K. Levine
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 356 (February 2005)
  Deflation and the International Great Depression: A Productivity Puzzle
  Harold L. Cole, Ron Leung, and Lee E. Ohanian
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 355 (February 2005)
  Real Effects of Inflation Through the Redistribution of Nominal Wealth
  Matthias Doepke and Martin Schneider
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 354 (February 2005)
  The Macroeconomics of Child Labor Regulation
  Matthias Doepke and Fabrizio Zilibotti
  Published In: American Economic Review (Vol. 95, No. 5, December 2005, pp. 1492-1524)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 353 (January 2005)
  Sudden Stops and Output Drops
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  Published In: American Economic Review Papers and Proceedings (Vol. 95, No. 2, May 2005, pp. 381-387)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 352 (December 2004)
  Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics
  Aubhik Khan and Julia Thomas
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 351 (November 2004)
  Latin America in the Rearview Mirror
  Harold L. Cole, Lee E. Ohanian, Alvaro Riascos, and James A. Schmitz, Jr.
  Published In: Quarterly Review (Vol. 30, No. 1, September 2006, pp. 2-27)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 350 (Revised May 2005)
  Productivity and the Post-1990 U.S. Economy
  Ellen R. McGrattan and Edward C. Prescott
  Published In: Federal Reserve Bank of St. Louis Review (Vol. 87, No. 4, July/August 2005, pp. 537-549)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 349 (November 2004)
  Patrick Kehoe’s Comment on “Determinants of Business Cycle Comovement: A Robust Analysis” by Marianne Baxter and Michael Kouparitsas
  Patrick J. Kehoe
  Published In: Journal of Monetary Economics (Vol. 52, No. 1, January 2005, pp. 159-162)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 348 (October 2004)
  Comment on Mendoza and Tesar’s “Why Hasn’t Tax Competition Triggered a Race to the Bottom? Some Quantitative Lessons from the EU”
  Ellen R. McGrattan
  Published In: Journal of Monetary Economics (Vol. 52, No. 1, January 2005, pp. 205-211)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 347 (October 2004)
  Rent-Seeking and Innovation
  Michele Boldrin and David K. Levine
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 346 (September 2004)
  A Unified Framework for Monetary Theory and Policy Analysis
  Ricardo Lagos and Randall Wright
  Published In: Journal of Political Economy (Vol. 113, No. 3, June 2005, pp. 463-484)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 345 (Revised January 2006)
  A Model of TFP
  Ricardo Lagos
  Forthcoming In: Review of Economic Studies
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 344 (Revised May 2005)
  Were U.S. State Banknotes Priced as Securities?
  Warren E. Weber
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 343 (August 2004)
  Modeling Inventories Over The Business Cycle
  Aubhik Khan and Julia Thomas
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 342 (August 2004)
  Inflation, Output and Welfare
  Ricardo Lagos and Guillaume Rocheteau
  Published In: International Economic Review (Vol. 46, No. 2, May 2005, pp. 495-522)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 341 (August 2004)
  Money and Capital as Competing Media of Exchange
  Ricardo Lagos and Guillaume Rocheteau
  Forthcoming In: Journal of Economic Theory
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 340 (July 2004)
  Taxation, Entrepreneurship, and Wealth
  Marco Cagetti and Mariacristina De Nardi
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 339 (June 2004)
  IER Lawrence Klein Lecture: The Case Against Intellectual Monopoly
  Michele Boldrin and David K. Levine
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 338 (Revised December 2004)
  Comment on Gali and Rabanal’s “Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?”
  Ellen R. McGrattan
  Published In: NBER Macroeconomic Annual 2004 (Vol. 19, 2005, pp. 289-308)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 337 (June 2004)
  Privatization’s Impact on Private Productivity: The Case of Brazilian Iron Ore
  James A. Schmitz, Jr. and Arilton Teixeira
  Forthcoming In: Review of Economic Dynamics
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 336 (May 2004)
  The Intergenerational State: Education and Pension
  Michele Boldrin and Ana Montes
  Published In: Review of Economic Studies (Vol. 72, No. 3, July 2005, pp. 651-664)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 335 (March 2004)
  Business Cycles in Emerging Economies: The Role of Interest Rates
  Pablo Neumeyer and Fabrizio Perri
  Published In: Journal of Monetary Economics (Vol. 52, No. 2, March 2005, pp. 345-380)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 334 (March 2004)
  U.S. Real Exchange Rate Fluctuations and Relative Price Fluctuations
  Caroline M. Betts and Timothy J. Kehoe
  Published In: Journal of Monetary Economics (Vol. 53, No. 7, October 2006, pp. 1297-1326)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 333 (March 2004)
  A Unified Theory of the Evolution of International Income Levels
  Stephen L. Parente and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 332 (February 2004)
  Dissecting Trade: Firms, Industries, and Export Destinations
  Jonathan Eaton, Samuel Kortum, and Francis Kramarz
  Published In: American Economic Review (Vol. 94, No. 2, May 2004, pp. 150-154)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 331 (January 2004)
  Deflation and Depression: Is There an Empirical Link?
  Andrew Atkeson and Patrick J. Kehoe
  Published In: American Economic Review (Vol. 94, No. 2, May 2004, pp. 99-103)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 330 (November 2003)
  On the Desirability of Fiscal Constraints in a Monetary Union
  V. V. Chari and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 329 (November 2003)
  Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies
  Aubhik Khan and Julia Thomas
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 328 (Revised December 2006)
  Business Cycle Accounting
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  Published In: Econometrica (Vol. 75, No. 3, May 2007, pp. 781-836)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 327 (Revised August 2004)
  Partial Adjustment Without Apology
  Robert G. King and Julia Thomas
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 326 (Revised August 2004)
  The Optimal Degree of Discretion in Monetary Policy
  Susan Athey, Andrew Atkeson, and Patrick J. Kehoe
  Published In: Econometrica (Vol. 73, No. 5, September 2005, pp. 1431-1475)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 325 (October 2003)
  A Theory of Factor Allocation and Plant Size
  Thomas J. Holmes and Matthew F. Mitchell
  Forthcoming In: RAND Journal of Economics
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 324 (October 2003)
  How Important Is the New Goods Margin in International Trade?
  Timothy J. Kehoe and Kim J. Ruhl
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 323 (Revised September 2005)
  Opportunity and Social Mobility
  Christopher Phelan
  Published In: Review of Economic Studies (Vol. 73, No. 2, April 2006, pp. 487-504)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 322 (September 2003)
  Entrepreneurship, Frictions, and Wealth
  Marco Cagetti and Mariacristina De Nardi
  Published In: Journal of Political Economy (Vol. 114, No. 5, October 2006, pp. 835-870)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 321 (November 2003)
  Why Do Americans Work So Much More Than Europeans?
  Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 320 (August 2003)
  An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA
  Timothy J. Kehoe
  Published In: Frontiers in Applied General Equilibrium Modeling: In Honor of Herbert Scarf (2005, pp. 341-377)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 319 (August 2003)
  Expectation Traps and Monetary Policy
  Stefania Albanesi, V. V. Chari, and Lawrence J. Christiano
  Published In: Review of Economic Studies (Vol. 70, No. 4, October 2003, pp. 715-41)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 318 (July 2003)
  What Can We Learn from the Current Crisis in Argentina?
  Timothy J. Kehoe
  Published In: Scottish Journal of Political Economy (Vol. 50, No. 5, November 2003, pp. 609-633)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 317 (June 2003)
  Why Are Married Women Working So Much?
  Larry E. Jones, Rodolfo E. Manuelli, and Ellen R. McGrattan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 316 (April 2003)
  Financial Crises as Herds: Overturning the Critiques
  V. V. Chari and Patrick J. Kehoe
  Published In: Journal of Economic Theory (Vol. 119, No. 1, November 2004, pp. 128-150)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 315 (Revised October 2007)
  Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence From World War II
  Ellen R. McGrattan and Lee E. Ohanian
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 314 (November 2002)
  Wealth Inequality and Intergenerational Links
  Mariacristina De Nardi
  Published In: Review of Economic Studies (Vol. 71, No. 3, July 2004, pp. 743-768)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 313 (January 2003)
  Average Debt and Equity Returns: Puzzling?
  Ellen R. McGrattan and Edward C. Prescott
  Published In: AER, Papers and Proceedings (Vol. 93, No. 2, May 2003, pp. 392-397)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 312 (Revised November 2003)
  Non-Convexities in Quantitative General Equilibrium Studies of Business Cycles
  Edward C. Prescott
  Published In: Frontiers in Applied General Equilibrium Modeling: In Honor of Herbert Scarf (2005, pp. 95-118)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 311 (September 2002)
  Overturning Mundell: Fiscal Policy in a Monetary Union
  Russell Cooper and Hubert Kempf
  Published In: Review of Economic Studies (Vol. 71, No. 2, April 2004, pp. 371-396)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 310 (Revised July 2003)
  The Economics of Labor Adjustment: Mind the Gap
  Russell Cooper and Jonathan L. Willis
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 309 (June 2004)
  Data Appendix: Taxes, Regulations, and the Value of U.S. and U.K. Corporations
  Ellen R. McGrattan and Edward C. Prescott
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 309 (Revised May 2005)
  Taxes, Regulations, and the Value of U.S. and U.K. Corporations
  Ellen R. McGrattan and Edward C. Prescott
  Published In: Review of Economic Studies (Vol. 72, No. 3, July 2005, pp. 767-796)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 308 (Revised April 2008)
  Time Inconsistency and Free-Riding in a Monetary Union
  V. V. Chari and Patrick J. Kehoe
  Forthcoming In: Journal of Money, Credit, and Banking
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 307 (Revised September 2003)
  Competitive Equilibria With Limited Enforcement
  Patrick J. Kehoe and Fabrizio Perri
  Published In: Journal of Economic Theory (Vol. 119, No. 1, November 2004, pp. 184-206)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 306 (May 2002)
  Nonconvex Factor Adjustments in Equilibrium Business Cycle Models: Do Nonlinearities Matter?
  Aubhik Khan and Julia Thomas
  Published In: Journal of Monetary Economics (Vol. 50, No. 2, March 2003, pp. 331-360)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 305 (Revised April 2003)
  The Time Consistency of Monetary and Fiscal Policies
  Fernando Alvarez, Patrick J. Kehoe, and Pablo Neumeyer
  Published In: Econometrica (Vol. 72, No. 2, March 2004, pp. 541-567)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 304 (April 2002)
  The Home Market and the Pattern of Trade: Round Three
  Thomas J. Holmes and John J. Stevens
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 303 (March 2002)
  Perfectly Competitive Innovation
  Michele Boldrin and David K. Levine
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 302 (March 2002)
  Is Lumpy Investment Relevant for the Business Cycle?
  Julia Thomas
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 301 (February 2002)
  Factor Saving Innovation
  Michele Boldrin and David K. Levine
  Published In: Journal of Economic Theory (Vol. 105, No. 1, July 2002, pp. 18-41)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 300 (February 2002)
  Innovating Firms and Aggregate Innovation
  Tor Jakob Klette and Samuel Kortum
  Published In: Journal of Political Economy (Vol. 112, No. 5, October 2004, pp. 986-1018)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 299 (February 2002)
  Learning from Failure
  Andreas Blume and April Franco
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 298 (January 2002)
  The Role of Cities: Evidence From the Placement of Sales Offices
  Thomas J. Holmes
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 297 (Revised July 2006)
  The Advantage of Transparency in Monetary Policy Instruments
  Andrew Atkeson and Patrick J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 296 (Revised May 2006)
  Modeling the Transition to a New Economy: Lessons from Two Technological Revolutions
  Andrew Atkeson and Patrick J. Kehoe
  Published In: American Economic Review (Vol. 97, No. 1, March 2007, pp. 64-88)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 295 (October 2001)
  The Great U.K. Depression: A Puzzle and Possible Resolution
  Harold L. Cole and Lee E. Ohanian
  Published In: Review of Economic Dynamics (Vol. 5, No. 1, January 2002, pp. 19-44)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 294 (Revised December 2003)
  The 1929 Stock Market: Irving Fisher Was Right
  Ellen R. McGrattan and Edward C. Prescott
  Published In: International Economic Review (Vol. 45, No. 4, November 2004, pp. 991-1009)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 293 (September 2001)
  Optimal Indirect and Capital Taxation
  Mikhail Golosov, Narayana R. Kocherlakota, and Aleh Tsyvinski
  Published In: Review of Economic Studies (Vol. 70, No. 3, July 2003, pp. 569-587)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 292 (September 2001)
  A Decade Lost and Found: Mexico and Chile in the 1980s
  Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe, and Raimundo Soto
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 291 (Revised February 2005)
  Modeling and Measuring Organization Capital
  Andrew Atkeson and Patrick J. Kehoe
  Published In: Journal of Political Economy (Vol. 113, No. 5, October 2005, pp. 1026-1053)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 290 (July 2001)
  Specialization and the Skill Premium in the 20th Century
  Matthew F. Mitchell
  Published In: International Economic Review (Vol. 46, No. 3, August 2005, pp. 935-955)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 289 (March 2001)
  Financial Collapse and Active Monetary Policy: A Lesson from the Great Depression
  Russell Cooper and Dean Corbae
  Published In: Journal of Economic Theory (Vol. 107, 2002, pp. 159-190)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 288 (March 2001)
  Building Blocks for Barriers to Riches
  Narayana R. Kocherlakota
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 287 (March 2001)
  Finite Memory and Imperfect Monitoring
  Harold L. Cole and Narayana R. Kocherlakota
  Published In: Games and Economic Behavior (Vol. 53, No. 1, October 2005, pp. 59-72)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 286 (Revised February 2005)
  What Determines Productivity? Lessons From the Dramatic Recovery of the U.S. and Canadian Iron Ore Industries Following Their Early 1980s Crisis
  James A. Schmitz, Jr.
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 285 (March 2001)
  Why Did Productivity Fall So Much During the Great Depression?
  Lee E. Ohanian
  Published In: Quarterly Review (Vol. 26, No. 2, Spring 2002, pp. 12-17)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 284 (March 2001)
  Trade Theory and Trade Facts
  Raphael Bergoeing and Timothy J. Kehoe
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 283 (January 2001)
  Public Trust and Government Betrayal
  Christopher Phelan
  Published In: Journal of Economic Theory (Vol. 130, Issue 1, September 2006, pp. 27-43)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 282 (November 2000)
  On the Equilibrium Concept for Overlapping Generations Organizations
  Edward C. Prescott and José-Víctor Ríos-Rull
  Published In: International Economic Review (Vol. 46, No. 4, November 2005, pp. 1065-1080)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 281 (November 2000)
  Technology (and Policy) Shocks in Models of Endogenous Growth
  Larry E. Jones, Rodolfo E. Manuelli, and Ennio Stacchetti
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 280 (November 2000)
  Habit Persistence, Asset Returns and the Business Cycle
  Michele Boldrin, Lawrence J. Christiano, and Jonas D. M. Fisher
  Published In: American Economic Review (Vol. 91, No. 1, March 2001, pp. 149-166)
  Published In: Macroeconomic Dynamics (June 1997)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 279 (September 2000)
  Growth Cycles and Market Crashes
  Michele Boldrin and David K. Levine
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 278 (August 2000)
  Money, Interest Rates, and Exchange Rates With Endogenously Segmented Asset Markets
  Fernando Alvarez, Andrew Atkeson, and Patrick J. Kehoe
  Published In: Journal of Political Economy (Vol. 110, No. 1, February 2002, pp. 73-112)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 277 (Revised July 2001)
  Technical Appendix: Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 277 (Revised July 2002)
  Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
  V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
  Published In: Review of Economic Studies (Vol. 69, No. 3, July 2002, pp. 533-563)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  [Additional Information is available for this paper]
  

• Staff Report 276 (August 2000)
  Endogenous Policy Choice: The Case of Pollution and Growth
  Larry E. Jones and Rodolfo E. Manuelli
  Published In: Review of Economic Dynamics (Vol. 4, No. 2, April 2001, pp. 369-405)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 275 (August 2000)
  Societal Benefits of Nominal Bonds
  Narayana R. Kocherlakota
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 274 (August 2000)
  Risky Collateral and Deposit Insurance
  Narayana R. Kocherlakota
  Published In: Advances in Macroeconomics (Vol. 1, No. 1, 2001)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 273 (July 2000)
  Rewarding Sequential Innovators: Prizes, Patents and Buyouts
  Hugo Hopenhayn, Gerard Llobet, and Matthew F. Mitchell
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 272 (July 2000)
  Knowledge Diffusion through Employee Mobility
  Darren Filson and April Franco
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 271 (July 2000)
  Growth and Business Cycles
  Larry E. Jones, Rodolfo E. Manuelli, and Henry E. Siu
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 270 (June 2000)
  Re-Examining the Contributions of Money and Banking Shocks to the U.S. Great Depression
  Harold L. Cole and Lee E. Ohanian
  Published In: NBER Macroeconomics Annual 2000 (Vol. 15, 2001, pp. 183-227)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 269 (April 2000)
  The Scale of Production in Technological Revolutions
  Matthew F. Mitchell
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 268 (Revised January 2001)
  On the Irrelevance of the Maturity Structure of Government Debt Without Commitment
  Christopher Phelan
  Published In: Games and Economic Behavior (Vol. 46, Issue 1, January 2004, pp. 115-128)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 267 (June 2000)
  Predicting Turning Points
  Daniel M. Chin, John F. Geweke, and Preston J. Miller
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 266 (June 2000)
  Some Fresh Perspectives on Price-Support Policies
  Preston J. Miller
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 265 (March 2000)
  International Business Cycles With Endogenous Incomplete Markets
  Patrick J. Kehoe and Fabrizio Perri
  Published In: Econometrica (Vol. 70, No. 3, May 2002, pp. 902-928)
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 264 (March 2000)
  Do Mergers Lead to Monopoly in the Long Run? Results From the Dominant Firm Model
  Gautam Gowrisankaran and Thomas J. Holmes
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 263 (Revised June 2000)
  Threats to Industry Survival and Labor Productivity: World Iron-Ore Markets in the 1980's
  Jose E. Galdon-Sanchez and James A. Schmitz, Jr.
  [Paper available on-line as PDF (Adobe Acrobat) file or PostScript file]
  

• Staff Report 262 (June 1999)