Refereed Publications & Working Papers

Macroprudential Policy: Results from a Tabletop Exercise
2019 | Federal Reserve Bank of Cleveland Working Papers 191100 | With Denise Duffy, Joseph G. Haubrich, Anna Kovner, Alex Musatov, Edward Simpson Prescott, Richard J. Rosen, Alexandros Vardoulakis, Emily Yang, and Andrei Zlate

External Habit and the Cyclicality of Expected Stock Returns
2005 | Journal of Business, 78(3): 1023-1048 | With Harold H. Zhang
Previously: Federal Reserve Board, Finance and Economics Discussion Series 2005-27

Risk-Sensitive Real Business Cycles
2000 | Journal of Monetary Economics, 45(3): 507-532
Previously: Carnegie Mellon University, GSIA Working Papers 1997-35

Whose Habit is it Anyway?
2000 | Carnegie Mellon University, GSIA Working Papers 2001-E22

Robust Permanent Income and Pricing
1999 | Review of Economic Studies, 66(4): 873-907 | With Lars Peter Hansen and Thomas J. Sargent