V. V. ChariConsultant
V. V. Chari is currently the Paul W. Frenzel Land Grant Professor of Liberal Arts at the University of Minnesota. He has been a professor of economics at the University of Minnesota since 1994 and is a former chair of the Department of Economics there. Chari has been an advisor at the Federal Reserve Bank of Minneapolis since 1994, where previously he was also a senior research officer.
Chari received his Ph.D from Carnegie-Mellon University in 1980. His research focuses on banking, fiscal, and monetary policy and issues of economic development.
Chari serves in many capacities for various organizations, including serving on the board of editors of the Journal of Economic Theory, Macrodynamics, the Review of Economic Dynamics, Econometrica, and the Journal of Economic Literature. In 1998, he was elected a fellow of the Econometric Society.
Content by V. V.
- Quarterly Review 4311 | November 2023 (Vol. 43 No. 1)V. V. Chari
- Staff Report 644 (April 2023)V. V. Chari, Rishabh Kirpalani, and Luis Perez
- Staff Report 581 (Revised March 2022)V. V. Chari, Juan Pablo Nicolini, and Pedro Teles
Published in: Journal of Political Economy (Vol. 131, Iss. 1, January 2023, pp. 95-130), https://doi.org/10.1086/720889.
- Staff Report 637 (March 2022)V. V. Chari, Juan Pablo Nicolini, and Pedro Teles
- Staff Report 628 (November 2021)V. V. Chari and Luis Perez
Published in: Journal of Monetary Economics (Vol. 125, January 2022, pp. 173-181), https://doi.org/10.1016/j.jmoneco.2021.10.009.
- Staff Report 602 (May 2020)V. V. Chari, Rishabh Kirpalani, and Christopher Phelan
Published in: Review of Economic Dynamics (vol. 42, October 2021, pp. 1-14), https://doi.org/10.1016/j.red.2020.11.004.
- Staff Report 576 (December 2018)V. V. Chari
- Staff Report 571 (September 2018)V. V. Chari, Juan Pablo Nicolini, and Pedro Teles
This is a revised version of Working Paper 752, which circulated with the same title.
Published in Journal of Monetary Economics (Vol. 116, December 2020, pp. 147-165), https://doi.org/10.1016/j.jmoneco.2019.09.015. - Working Paper 752 (July 2018)V. V. Chari, Juan Pablo Nicolini, and Pedro Teles
An updated version of this paper is available as Staff Report 571: https://doi.org/10.21034/sr.571.
- Working Paper 745 (December 2017)V. V. Chari, Juan Pablo Nicolini, and Pedro Teles
- Staff Report 552 (August 2017)V. V. Chari and Lawrence J. Christiano
- Staff Report 531 (September 2016)Pedro Brinca, V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
Published in: Handbook of Macroeconomics (Volume 2, Chapter 13, 2016, pp. 1013-1063) https://doi.org/10.1016/bs.hesmac.2016.05.002.
- Staff Report 481 (April 2013)V. V. Chari and Patrick J. Kehoe
Published in: American Economic Review (Vol. 106, No. 9, September 2016, pp. 2458-2493) https://doi.org/10.1257/aer.20150157.
- Staff Report 419 (June 2009)Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
A previous version was published as [Working Paper 659] (https://doi.org/10.21034/wp.659 "Working Paper 659").
Published in: Quarterly Journal of Economics (Vol. 125, No. 1, February 2010, pp. 47-89) https://doi.org/10.1162/qjec.2010.125.1.47. - Working Paper 659 (October 2008)Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
Published in: Quarterly Journal of Economics (Vol. 125, No. 1, February 2010, pp. 47-89), https://doi.org/10.1162/qjec.2010.125.1.47.
An updated version was published as [Staff Report 419](https://doi.org/10.21034/sr.419 "Staff Report 419"). - Working Paper 666 (October 2008)Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
Related paper: [Working Paper 667](https://doi.org/10.21034/wp.667 "Working Paper 667") Technical Notes on Facts and Myths about the Financial Crisis of 2008
- Working Paper 673 (September 2008)V. V. Chari, Aleh Tsyvinski, and Mikhail Golosov
Published in: Journal of Economic Theory (Vol. 147, Iss. 2: 781-801), https://doi.org/10.1016/j.jet.2011.04.004.
- Staff Report 409 (August 2008)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Published in: American Economic Journal: Macroeconomics (Vol. 1, No. 1, January 2009, pp. 242-266) https://doi.org/10.1257/mac.1.1.242.
[Additional Files](https://researchdatabase.minneapolisfed.org/downloads/x346d424v?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/downloads/4x51hj04n?locale=en)
- Working Paper 664 (July 2008)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Published in: American Economic Journal: Macroeconomics (Vol. 1, Iss. 1, January 2009, pp. 242-266.), https://doi.org/10.1257/mac.1.1.242.
- Staff Report 308 (April 2008)Patrick J. Kehoe and V. V. Chari
Published in: Journal of Money, Credit, and Banking (Vol. 40, No. 7, October 2008, pp. 1329-1355) https://doi.org/10.1111/j.1538-4616.2008.00162.x.
- Staff Report 399 (October 2007)Patrick J. Kehoe and V. V. Chari
- Working Paper 654 (September 2007)Patrick J. Kehoe and V. V. Chari
- Staff Report 394 (August 2007)Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
- Staff Report 364 (May 2007)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Published in: Journal of Monetary Economics (Vol. 55, No. 8, November 2008, pp. 1337-1352) https://doi.org/10.1016/j.jmoneco.2008.09.010.
[Additional Files](https://researchdatabase.minneapolisfed.org/downloads/7w62f824d?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/downloads/4x51hj04n?locale=en)
- Staff Report 384 (March 2007)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
- Working Paper 647 (December 2006)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
An updated version was published as [Staff Report 384](https://doi.org/10.21034/sr.384 "Staff Report 384").
- Staff Report 362 (December 2006)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
[Staff Report 328: Business Cycle Accounting](https://researchdatabase.minneapolisfed.org/concern/publications/70795775k?locale=en)
[Additional Files](https://researchdatabase.minneapolisfed.org/downloads/wp988j87v?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/downloads/4x51hj04n?locale=en)
- Staff Report 328 (December 2006)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Published in: Econometrica (Vol. 75, No. 3, May 2007, pp. 781-836) https://doi.org/10.1111/j.1468-0262.2007.00768.x.
See related papers:
Staff Report 362: Appendices: Business Cycle Accounting
Quarterly Review article (Vol. 27, No. 2, Spring 2003) Accounting for the Great Depression[Additional Materials](https://researchdatabase.minneapolisfed.org/downloads/wp988j87v?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/downloads/4x51hj04n?locale=en)
- Staff Report 376 (August 2006)Patrick J. Kehoe and V. V. Chari
Published in: Journal of Economic Perspectives (Vol. 20, No. 4, Fall 2006, pp. 3-28) https://doi.org/10.1257/jep.20.4.3.
- Working Paper 631 (May 2005)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
[Additional files](https://researchdatabase.minneapolisfed.org/downloads/n870zq89h "Additional files")
[M-files and ftools](https://researchdatabase.minneapolisfed.org/downloads/4x51hj04n "M-files and ftools") - Staff Report 353 (January 2005)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Published in: American Economic Review Papers and Proceedings (Vol. 95, No. 2, May 2005, pp. 381-387) https://doi.org/10.1257/000282805774670013.
[Additional Files](https://researchdatabase.minneapolisfed.org/downloads/j9602063d?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/downloads/4x51hj04n?locale=en)
- Staff Report 330 (November 2003)Patrick J. Kehoe and V. V. Chari
- Quarterly Review 2732 | Summer 2003 (Vol. 27 No. 3)V. V. Chari, Lawrence J. Christiano, and Stefania Albanesi
This study is reprinted, with the permission of the Cambridge University Press, from the book, Advances in Economics and Econometrics: Theory and Applications, Eighth World Congress of the Econometric Society, Volume 3, edited by Mathias Dewatripont, Lars Peter Hansen, and Stephen J. Turnovsky, pp. 123-50 (Chapter 4), Cambridge, U.K.: Cambridge University Press, 2003. © 2003 Cambridge University Press. The study was edited for publication in the Federal Reserve Bank of Minneapolis Quarterly Review.
- Staff Report 319 (August 2003)V. V. Chari, Lawrence J. Christiano, and Stefania Albanesi
Published in: Review of Economic Studies (Vol. 70, No. 4, October 2003, pp. 715-741) https://doi.org/10.1111/1467-937X.00264.
- Quarterly Review 2721 | Spring 2003 (Vol. 27 No. 2)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Additional files and M-files and Ftools
This article is reprinted, with permission, from the American Economic Review (May 2002, vol. 92, no. 2, pp. 22-27). Copyright 2002 by the American Economic Association. The article was edited for publication in the Federal Reserve Bank of Minneapolis Quarterly Review. https://doi.org/10.1257/000282802320188934
Related paper: Staff Report 328, Business Cycle Accounting - Staff Report 316 (April 2003)Patrick J. Kehoe and V. V. Chari
Published in: Journal of Economic Theory (Vol. 119, No. 1, November 2004, pp. 128-150) https://doi.org/10.1016/S0022-0531(03)00225-4.
- Staff Report 228 (March 2003)Patrick J. Kehoe and V. V. Chari
Published in: Journal of Political Economy (Vol. 111, No. 6, December 2003, pp. 1262-1292) https://doi.org/10.1086/378525.
- Staff Report 277 (July 2002)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Published in: Review of Economic Studies (Vol. 69, No. 3, August 2002, pp. 533-563) https://doi.org/10.1111/1467-937X.00216.
[Additional Files and Technical Appendix](https://researchdatabase.minneapolisfed.org/concern/datasets/7d278t01v?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/concern/datasets/765371353?locale=en)
Related paper:
Staff Report 223: Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates? (December 1998 Version) - Working Paper 619 (May 2002)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
- Working Paper 622 (May 2002)Patrick J. Kehoe and V. V. Chari
- Working Paper 625 (April 2002)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
[Additional materials](https://researchdatabase.minneapolisfed.org/downloads/wp988j87v "Additional materials")
An updated version of this paper was published as Staff Report 328, https://doi.org/10.21034/sr.328.
Published in Econometrica (Vol. 75, No. 3, May 2007, pp. 781-836), https://doi.org/10.1111/j.1468-0262.2007.00768.x.
Related papers: "Accounting for the Great Depression", Quarterly Review (Vol. 27, No.2, 2003), https://doi.org/10.21034/qr.2321, and "Appendices: Business Cycle Accounting", Staff Report 362 https://doi.org/10.21034/sr.362. - Working Paper 619 (February 2002)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
[Additional files](https://researchdatabase.minneapolisfed.org/downloads/d217qp51v "Additional files")
An updated version was published in American Economic Review (Vol. 27, No. 2, May 2002, pp. 22-27), https://doi.org/10.1257/000282802320188934, and reprinted with permission as Quarterly Review (Vol. 27, No. 2, Spring 2003), https://doi.org/10.21034/qr.2721.
A technical appendix for this paper is available as Working Paper 619_1, https://doi.org/10.21034/wp.619_1. - Staff Report 277 (July 2001)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
- Working Paper 600 (March 2000)Patrick J. Kehoe and V. V. Chari
An updated version of this paper was published as Staff Report 316 with the title "Financial Crises as Herds: Overturning the Critiques", https://doi.org/10.21034/sr.316.
- Quarterly Review 2331 | Summer 1999 (Vol. 23 No. 3)Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
- Quarterly Review 2321 | Spring 1999 (Vol. 23 No. 2)V. V. Chari
This essay is reprinted, with permission, from the Journal of Economic Perspectives (Winter 1998, vol. 12, no. 1, pp. 171-86). © 1998 by the American Economic Association. All rights reserved. The essay was edited for publication in the Federal Reserve Bank of Minneapolis Quarterly Review. https://doi.org/10.1257/jep.12.1.171
- Staff Report 223 (December 1998)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Staff Report 277: [Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?](https://researchdatabase.minneapolisfed.org/concern/publications/5t34sj69w?locale=en)
- Working Paper 589 (August 1998)Patrick J. Kehoe and V. V. Chari
Published in: Journal of Monetary Economics (Vol. 54, No. 8, November 2007, pp. 2399-2408), https://doi.org/10.1016/j.jmoneco.2007.06.032.
- Staff Report 251 (July 1998)Patrick J. Kehoe and V. V. Chari
Published in: Handbooks in Economics (Vol. 1C, 1999, pp. 1671-1745) https://doi.org/10.1016/S1574-0048(99)10039-9.
- Staff Report 217 (May 1998)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
Published in: Econometrica (Vol. 68, No. 5, September 2000, pp. 1151-79) https://doi.org/10.1111/1468-0262.00154.
[Impulse Response Tables and Additional Files](https://researchdatabase.minneapolisfed.org/concern/datasets/q524jn81q?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/concern/datasets/765371353?locale=en)
- Staff Report 204 (October 1997)Ellen R. McGrattan, Patrick J. Kehoe, and V. V. Chari
[Additional Files](https://researchdatabase.minneapolisfed.org/concern/datasets/vt150j246?locale=en)
[M-files and Ftools](https://researchdatabase.minneapolisfed.org/concern/datasets/765371353?locale=en)
- Working Paper 582 (June 1997)V. V. Chari, Larry E. Jones, and Ramon Marimon
Published in: The American Economic Review (Vol. 87, No. 5, December 1997, pp. 957-976), https://www.jstor.org/stable/2951335.
- Working Paper 567 (August 1996)Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
Supports the article "Optimal Fiscal Policy in a Business Cycle Model" published in Journal of Political Economy (Vol. 102, No. 4, August 1994, pp. 617-652), https://doi.org/10.1086/261949.
- Quarterly Review 1942 | Fall 1995 (Vol. 19 No. 4)V. V. Chari, Larry E. Jones, and Rodolfo E. Manuelli
- Staff Report 156 (January 1995)V. V. Chari and Harold L. Cole
- Working Paper 520 (October 1993)Lawrence J. Christiano, Patrick J. Kehoe, and V. V. Chari
- Staff Report 163 (August 1993)V. V. Chari and Harold L. Cole
Published in: Cuadernos Economicos (No. 62, 1996, pp. 169-78)
- Staff Report 160 (July 1993)Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
Published in: Journal of Political Economy (Vol. 102, No. 4, August 1994, pp. 617-652) https://doi.org/10.1086/261949.
- Staff Report 158 (July 1993)Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
Published in: Journal of Monetary Economics (Vol. 37, No. 2, April 1996, pp. 203-223) https://doi.org/10.1016/S0304-3932(96)90034-3.
- Quarterly Review 1641 | Fall 1992 (Vol. 16 No. 4)V. V. Chari and Robert J. Weber
- Staff Report 147 (November 1991)Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
Published in: Journal of Money, Credit, and Banking (Vol 23, Num 3, August 1991 (part 2), pp. 519-539) https://doi.org/10.2307/1992686.
Published in: Political economy, growth, and business cycles (1992, pp. 283-305)
- Quarterly Review 1530 | Summer 1991 (Vol. 15 No. 3)V. V. Chari
- Staff Report 142 (July 1991)V. V. Chari and Larry E. Jones
Published in: Economic Theory (Vol. 16, No. 1, July 2000, pp. 1-22) https://doi.org/10.1007/s001990050324.
- Working Paper 375 (February 1991)V. V. Chari and Hugo Hopenhayn
Published in Journal of Political Economy (Vol. 99, No. 6, December 1991, pp. 1142-1165), https://doi.org/10.1086/261795.
- Working Paper 473 (January 1991)Patrick J. Kehoe, V. V. Chari, and Lawrence J. Christiano
- Quarterly Review 1432 | Spring 1990 (Vol. 14 No. 3)V. V. Chari and Ravi Jagannathan
Parts of this paper have been published in a paper co-authored with Larry Jones: "Price Stability and Futures Trading in Commodities," Quarterly Journal of Economics (May 1990, Vol. 105, Iss. 2, pp. 527–534), https://doi.org/10.2307/2937798.
- Staff Report 125 (November 1989)Patrick J. Kehoe and V. V. Chari
Published in: Journal of Economic Theory (Vol 61, No. 2, December 1993, pp. 230-261) https://doi.org/10.1006/jeth.1993.1068.
Published in: The legacy of Robert Lucas, Jr. (Vol. 3, 1999, pp. 325-356)
- Staff Report 124 (October 1989)Patrick J. Kehoe and V. V. Chari
Published in: Review of Economic Studies (Vol. 60, No. 1, January 1993, pp. 175-195) https://doi.org/10.2307/2297817.
- Quarterly Review 1331 | Summer 1989 (Vol. 13 No. 3)V. V. Chari
- Staff Report 122 (June 1989)Patrick J. Kehoe and V. V. Chari
Published in: Journal of Political Economy (Vol. 98, No. 4, 1990, pp. 783-802) https://doi.org/10.1086/261706.
Published in: Monetary and fiscal policy (Vol. 1, 1994, pp. 143-163)
- Staff Report 121 (May 1989)Patrick J. Kehoe and V. V. Chari
Published in: Journal of Political Economy (Vol. 98, No. 3, June 1990, pp. 617-636) https://doi.org/10.1086/261697.
- Working Paper 377 (February 1989)Patrick J. Kehoe and V. V. Chari
Published in Journal of Political Economy (Vol. 98, No. 4, August 1990, pp. 783-802), https://doi.org/10.1086/261706.
- Staff Report 117 (January 1989)V. V. Chari, Larry E. Jones, and Rodolfo E. Manuelli
Published in: American Economic Review (Vol. 79, No. 2, May 1989, pp. 358-363)
- Quarterly Review 1242 | Fall 1988 (Vol. 12 No. 4)V. V. Chari
Published In: The Rational Expectations Revolution: Readings from the Front Line (1994, pp. 41-65)
- Staff Report 115 (August 1988)Edward C. Prescott, Patrick J. Kehoe, and V. V. Chari
Published in: Modern Business Cycle Theory (1989, pp. 265-305)
- Working Paper 317 (August 1988)Patrick J. Kehoe and V. V. Chari
Published in Journal of Political Economy (Vol. 98, No. 3, June 1990, pp. 617-636), https://doi.org/10.1086/261697.
- Working Paper 324 (July 1988)Larry E. Jones and V. V. Chari
- Working Paper 399 (June 1988)Patrick J. Kehoe and V. V. Chari
Published in Journal of Economic Theory (Vol. 61, Iss. 2, December 1993, pp. 230-261), https://doi.org/10.1006/jeth.1993.1068.
- Working Paper 321 (May 1988)Ravi Jagannathan and V. V. Chari
Published in Journal of Finance (Vol. 44, No. 2, June 1989, pp. 499-508), https://doi.org/10.2307/2328602.
- Working Paper 365 (February 1988)Edward C. Prescott, V. V. Chari, and Patrick J. Kehoe
- Working Paper 320 (February 1988)V. V. Chari and Ravi Jagannathan
Published in: Journal of Finance (Vol. 43, No. 3, July 1988, pp. 749-61), https://doi.org/10.1111/j.1540-6261.1988.tb04606.x.
Published in: Credit, Intermediation, and the Macroeconomy: Readings and Perspectives in Modern Financial Theory (2004, pp. 265-279). - Working Paper 354 (November 1987)Patrick J. Kehoe and V. V. Chari
Published in Journal of Economic Theory (Vol. 61, No. 2, December 1993, pp. 230-261), https://doi.org/10.1006/jeth.1993.1068.
- Working Paper 372 (October 1987)Patrick J. Kehoe and V. V. Chari
- Working Paper 364 (August 1987)Aharon R. Ofer, Ravi Jagannathan, and V. V. Chari
- Staff Report 110 (April 1987)V. V. Chari, Aharon R. Ofer, and Ravi Jagannathan
Published in: Journal of Financial Economics (Vol. 21, No. 1, May 1988, pp. 101-121) https://doi.org/10.1016/0304-405X(88)90033-5.
- Working Paper 327 (December 1986)V. V. Chari and Hugo Hopenhayn
- Working Paper 326 (November 1986)V. V. Chari and Hugo Hopenhayn
- Working Paper 316 (October 1986)Larry E. Jones, Ravi Jagannathan, and V. V. Chari
Published in The Quarterly Journal of Economics (vol. 105, iss. 2, May 1990, pp. 527-534), https://doi.org/10.2307/2937798.
- Working Paper 289 (September 1985)Edward C. Prescott, V. V. Chari, and Hugo Hopenhayn