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Citations for "Markups, Gaps, and the Welfare Costs of Business Fluctuations"

by Jordi Galí & Mark Gertler & J. David López-Salido

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  1. Di Bartolomeo Giovanni & Tirelli Patrizio & Acocella Nicola, 2010. "Trend inflation, endogenous mark-ups and the non-vertical Phillips curve," wp.comunite, Department of Communication, University of Teramo 0065, Department of Communication, University of Teramo.
  2. Mario J. Crucini & James Kahn, 2003. "Tariffs and the Great Depression revisited," Staff Reports, Federal Reserve Bank of New York 172, Federal Reserve Bank of New York.
  3. Batini, Nicoletta & Nelson, Edward, 2001. "The Lag from Monetary Policy Actions to Inflation: Friedman Revisited," International Finance, Wiley Blackwell, Wiley Blackwell, vol. 4(3), pages 381-400, Winter.
  4. Lawrence J. Christiano & Roberto Motto & Massimo Rostagno, 2003. "The Great Depression and the Friedman-Schwartz hypothesis," Proceedings, Federal Reserve Bank of Cleveland, Federal Reserve Bank of Cleveland, pages 1119-1215.
  5. Martin Fukac & Adrian Pagan, 2006. "Issues In Adopting Dsge Models For Use In The Policy Process," CAMA Working Papers 2006-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  6. V.V. Chari & Patrick J. Kehoe & Ellen McGrattan, 2004. "Business Cycle Accounting," NBER Working Papers 10351, National Bureau of Economic Research, Inc.
  7. Evi Pappa, 2004. "The unbearable tightness of being in a monetary union : fiscal restrictions and regional stability," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 510, London School of Economics and Political Science, LSE Library.
  8. Eric Mayer & Oliver Grimm, 2008. "Countercyclical Taxation and Price Dispersion," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich 08/88, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
  9. Casey B. Mulligan, 2011. "Rising Labor Productivity during the 2008-9 Recession," NBER Working Papers 17584, National Bureau of Economic Research, Inc.
  10. Olivier Blanchard & Jordi Galí, 2007. "Real Wage Rigidities and the New Keynesian Model," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 39(s1), pages 35-65, 02.
  11. de la Croix, David & de Walque, Gregory & Wouters, Raf, 2007. "Dynamics and monetary policy in a fair wage model of the business cycle," Working Paper Series, European Central Bank 0780, European Central Bank.
  12. Bianca De Paoli, 2004. "Monetary policy and welfare in a small open economy," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 19950, London School of Economics and Political Science, LSE Library.
  13. Jordi Gali & Mark Gertler & J. David Lopez-Salido, 2002. "Markups, Gaps, and the Welfare Costs of Business Fluctuations," NBER Working Papers 8850, National Bureau of Economic Research, Inc.
  14. Lawrence J. Christiano & Joshua M. Davis, 2006. "Two Flaws In Business Cycle Accounting," NBER Working Papers 12647, National Bureau of Economic Research, Inc.
  15. Diego A. Comin, 2008. "An Exploration of the Japanese Slowdown during the 1990s," Harvard Business School Working Papers, Harvard Business School 09-065, Harvard Business School.
  16. Jordi Galí & Frank Smets & Rafael Wouters, 2012. "Unemployment in an Estimated New Keynesian Model," National Bank of Poland Working Papers, National Bank of Poland, Economic Institute 106, National Bank of Poland, Economic Institute.
  17. Charles L. Evans & David A. Marshall, 2009. "Fundamental Economic Shocks and the Macroeconomy," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 41(8), pages 1515-1555, December.
  18. Janet L. Yellen, 2004. "Stabilization policy: a reconsideration," Speech, Federal Reserve Bank of San Francisco 1, Federal Reserve Bank of San Francisco.
  19. Lawrence J. Christiano & Martin Eichenbaum & Robert Vigfusson, 2003. "What Happens After a Technology Shock?," NBER Working Papers 9819, National Bureau of Economic Research, Inc.
  20. Di Bartolomeo Giovanni & Tirelli Patrizio & Acocella Nicola, 2011. "Inflation targets and endogenous wage markups in a New Keynesian model," wp.comunite, Department of Communication, University of Teramo 0079, Department of Communication, University of Teramo.
  21. Gabriella Legrenzi & Costas Milas, 2005. "Non-linear real exchange rate effects in the UK labour market," Macroeconomics, EconWPA 0507019, EconWPA.
  22. Weder, Mark, 2003. "Some Observations on the Great Depression in Germany," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3716, C.E.P.R. Discussion Papers.
  23. Andrea Colciago & Lorenza Rossi, 2011. "Endogenous Market Structures and Labor Market Dynamics (New version)," Quaderni di Dipartimento, University of Pavia, Department of Economics and Quantitative Methods 155, University of Pavia, Department of Economics and Quantitative Methods.
  24. Colciago, Andrea & Etro, Federico, 2010. "Real business cycles with Cournot competition and endogenous entry," Journal of Macroeconomics, Elsevier, Elsevier, vol. 32(4), pages 1101-1117, December.
  25. Susanto Basu & John G. Fernald, 2009. "What do we know (and not know) about potential output?," Review, Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, issue Jul, pages 187-214.
  26. Amil Petrin & Jagadeesh Sivadasan, 2006. "Job Security Does Affect Economic Efficiency: Theory, A New Statistic, and Evidence from Chile," NBER Working Papers 12757, National Bureau of Economic Research, Inc.
  27. Lars E.O. Svensson, 2004. "The Magic of the Exchange Rate: Optimal Escape from a Liquidity Trap in Small and Large OPen Economies," Working Papers, Hong Kong Institute for Monetary Research 072004, Hong Kong Institute for Monetary Research.
  28. Giese, Guido & Wagner, Helmut, 2009. "A New Keynesian Model with Endogenous Frictions," Discussion Paper Series, Institute of Economic Research, Hitotsubashi University a520, Institute of Economic Research, Hitotsubashi University.
  29. Jorge Alonso-Ortiz, 2010. "Social Security and Retirement across the OECD," Working Papers, Centro de Investigacion Economica, ITAM 1007, Centro de Investigacion Economica, ITAM.
  30. Francesco Zanetti, 2006. "Labor Market Institutions and Aggregate Fluctuations in a Search and Matching Model," Computing in Economics and Finance 2006, Society for Computational Economics 445, Society for Computational Economics.
  31. Jonsson, Magnus & Palmqvist, Stefan, 2004. "Do Higher Wages Cause Inflation?," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) 159, Sveriges Riksbank (Central Bank of Sweden).
  32. Posch, Olaf & Wälde, Klaus, 2005. "Natural volatility, welfare and taxation," W.E.P. - Würzburg Economic Papers, University of Würzburg, Chair for Monetary Policy and International Economics 57, University of Würzburg, Chair for Monetary Policy and International Economics.
  33. Ruy Lama, 2009. "Accounting for Output Drops in Latin America," IMF Working Papers, International Monetary Fund 09/67, International Monetary Fund.
  34. Francesco Zanetti, 2003. "Non-Walrasian Labor Market and the European Business Cycle," Boston College Working Papers in Economics, Boston College Department of Economics 574, Boston College Department of Economics, revised 20 May 2004.
  35. Philippe Aghion & David Hemous & Enisse Kharroubi, 2011. "Cyclical fiscal policy, credit constraints, and industry growth," BIS Working Papers 340, Bank for International Settlements.
  36. Helge Braun, 2006. "(Un)Employment Dynamics: The Case of Monetary Policy Shocks," 2006 Meeting Papers, Society for Economic Dynamics 87, Society for Economic Dynamics.
  37. Stephen McKnight, 2007. "Real Indeterminacy and the Timing of Money in Open Economies," Economics & Management Discussion Papers, Henley Business School, Reading University em-dp2007-46, Henley Business School, Reading University.
  38. Thomas F. Cosimano & Michael T. Gapen, 2003. "Optimal Fiscal and Monetary Policy with Nominal and Indexed Debt," IMF Working Papers, International Monetary Fund 03/225, International Monetary Fund.
  39. Jonsson, Magnus, 2004. "The Welfare Cost of Imperfect Competition and Distortionary Taxation," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) 170, Sveriges Riksbank (Central Bank of Sweden).
  40. Casey Mulligan, 2009. "What Caused the Recession of 2008? Hints from Labor Productivity," NBER Working Papers 14729, National Bureau of Economic Research, Inc.
  41. Ivan Tchakarov & Paul Bergin, 2003. "Does Exchange Rate Risk Matter for Welfare?," Computing in Economics and Finance 2003, Society for Computational Economics 61, Society for Computational Economics.
  42. Peter N. Ireland & Scott Schuh, 2006. "Productivity and U.S. macroeconomic performance: interpreting the past and predicting the future with a two-sector real business cycle model," Working Papers, Federal Reserve Bank of Boston 06-10, Federal Reserve Bank of Boston.
  43. Laxton, Douglas & Pesenti, Paolo, 2003. "Monetary rules for small, open, emerging economies," Journal of Monetary Economics, Elsevier, Elsevier, vol. 50(5), pages 1109-1146, July.
  44. Hafedh Bouakez & Aurélien Eyquem, 2012. "Government Spending, Monetary Policy, and the Real Exchange Rate," Cahiers de recherche, CIRPEE 1212, CIRPEE.
  45. Diego Comin & Mark Gertler, 2006. "Medium-Term Business Cycles," American Economic Review, American Economic Association, American Economic Association, vol. 96(3), pages 523-551, June.
  46. Queraltó, Albert, 2013. "A Model of Slow Recoveries from Financial Crises," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 1097, Board of Governors of the Federal Reserve System (U.S.).
  47. Marianna Riggi, 2010. "Nominal And Real Wage Rigidities In New Keynesian Models: A Critical Survey," Journal of Economic Surveys, Wiley Blackwell, Wiley Blackwell, vol. 24(3), pages 539-572, 07.
  48. Srinivasan, Naveen & Jain, Sumit & Ramachandran, M., 2009. "Monetary policy and the behaviour of inflation in India: Is there a need for institutional reform?," Journal of Asian Economics, Elsevier, Elsevier, vol. 20(1), pages 13-24, January.
  49. Ida, Daisuke, 2014. "Role of financial systems in a sticky price model," Journal of Economics and Business, Elsevier, Elsevier, vol. 72(C), pages 44-57.
  50. Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2008. "Investment shocks and business cycles," Staff Reports, Federal Reserve Bank of New York 322, Federal Reserve Bank of New York.
  51. Juillard, Michel & Karam, Philippe & Laxton, Douglas & Pesenti, Paolo, 2006. "Welfare-based monetary policy rules in an estimated DSGE model of the US economy," Working Paper Series, European Central Bank 0613, European Central Bank.
  52. Christian Bordes & Samuel Maveyraud, 2008. "The Friedman's and Mishkin's Hypotheses (Re)Considered," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00308571, HAL.
  53. Loukas Karabarbounis, 2014. "The Labor Wedge: MRS vs. MPN," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(2), pages 206-223, April.
  54. Muto, Ichiro, 2007. "Estimating a New Keynesian Phillips Curve with a Corrected Measure of Real Marginal Cost: Evidence in Japan," MPRA Paper 4662, University Library of Munich, Germany.
  55. Julio J. Rotemberg, 2002. "Stochastic Technical Progress, Nearly Smooth Trends and Distinct Business Cycles," NBER Working Papers 8919, National Bureau of Economic Research, Inc.
  56. Riccardo DiCecio, 2004. "Comovement: it's not a puzzle," 2004 Meeting Papers, Society for Economic Dynamics 113, Society for Economic Dynamics.
  57. Gregory Erin Givens, 2006. "Revisiting the Delegation Problem in a Sticky Price and Wage Economy," Working Papers, Middle Tennessee State University, Department of Economics and Finance 200601, Middle Tennessee State University, Department of Economics and Finance.
  58. DiCecio, Riccardo, 2009. "Sticky wages and sectoral labor comovement," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 33(3), pages 538-553, March.
  59. Merkl, Christian & Snower, Dennis J., 2006. "Monetary Persistence, Imperfect Competition and Staggering Complementarities," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5658, C.E.P.R. Discussion Papers.
  60. Acocella Nicola & Bisio Laura & Di Bartolomeo Giovanni & Pelloni Alessandra, 2011. "Labor market imperfections, real wage rigidities and financial shocks," wp.comunite, Department of Communication, University of Teramo 0070, Department of Communication, University of Teramo.
  61. Jose Ignacio García Pérez & Victoria Osuna, 2011. "The effects of introducing a single open-ended contract in the Spanish labour market," Working Papers, Universidad Pablo de Olavide, Department of Economics 11.07, Universidad Pablo de Olavide, Department of Economics.
  62. Sunakawa, Takeki, 2012. "Efficiency in a search and matching model with right-to-manage bargaining," Economics Letters, Elsevier, Elsevier, vol. 117(3), pages 679-682.
  63. repec:rdg:wpaper:em-dp2007-52 is not listed on IDEAS
  64. Lee Ohanian & Andrea Raffo & Richard Rogerson, 2006. "Long-term changes in labor supply and taxes: evidence from OECD countries, 1956-2004," Research Working Paper, Federal Reserve Bank of Kansas City RWP 06-16, Federal Reserve Bank of Kansas City.
  65. Alok Johri and Marc-André Letendre, 2006. "What do “residuals” from first-order conditions reveal about DGE models?," Department of Economics Working Papers 2006-01, McMaster University.
  66. Bojan Markovic & Laura Povoledo, 2007. "Does Asia's choice of exchange rate regime affect Europe's exposure to US shocks?," Bank of England working papers, Bank of England 318, Bank of England.
  67. Bridji, Slim, 2013. "The French Great Depression: A business cycle accounting analysis," Explorations in Economic History, Elsevier, Elsevier, vol. 50(3), pages 427-445.
  68. Gadi Barlevy, 2004. "The Cost of Business Cycles and the Benefits of Stabilization: A Survey," NBER Working Papers 10926, National Bureau of Economic Research, Inc.
  69. Maciej K. Dudek, 2005. "Expectation Formation and Endogenous Fluctuations in Aggregate Demand," Computing in Economics and Finance 2005, Society for Computational Economics 263, Society for Computational Economics.
  70. Jordi Galí, 2005. "Trends in hours, balanced growth and the role of technology in the business cycle," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 829, Department of Economics and Business, Universitat Pompeu Fabra.
  71. Funke, Michael & Paetz , Michael & Pytlarczyk, Ernest, 2009. "Stock market wealth effects in an estimated DSGE model for Hong Kong," BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition 14/2009, Bank of Finland, Institute for Economies in Transition.
  72. Casey B. Mulligan, 2008. "A Depressing Scenario: Mortgage Debt Becomes Unemployment Insurance," NBER Working Papers 14514, National Bureau of Economic Research, Inc.
  73. César Calderón & Klaus Schmidt Hebbel, 2008. "What Drives Inflation in the World?," Working Papers Central Bank of Chile, Central Bank of Chile 491, Central Bank of Chile.
  74. Boris Hofmann & Matthias Paustian, 2005. "The Persistence and Rigidity of wages and prices," Money Macro and Finance (MMF) Research Group Conference 2005, Money Macro and Finance Research Group 71, Money Macro and Finance Research Group.
  75. The Pham, 2011. "Growth, volatility and stabilisation policy in a DSGE model with nominal rigidities and learning-by-doing," International Economics and Economic Policy, Springer, Springer, vol. 8(3), pages 307-322, September.
  76. Pappa, Evi, 2004. "Do the ECB and the fed really need to cooperate? Optimal monetary policy in a two-country world," Journal of Monetary Economics, Elsevier, Elsevier, vol. 51(4), pages 753-779, May.
  77. Kolasa, Marcin, 2013. "Business cycles in EU new member states: How and why are they different?," Journal of Macroeconomics, Elsevier, Elsevier, vol. 38(PB), pages 487-496.
  78. Carla Massidda, 2005. "Estimating the New Keynesian Phillips Curve for Italian Manufacturing Sectors," Working Papers, Fondazione Eni Enrico Mattei 2005.12, Fondazione Eni Enrico Mattei.
  79. Aghion, Philippe & Hemous, David & Kharroubi, Enisse, 2014. "Credit Constraints, Cyclical Fiscal Policy and Industry Growth," Scholarly Articles 12585130, Harvard University Department of Economics.
  80. Di Bartolomeo Giovanni & Acocella Nicola & Tirelli Patrizio, 2008. "Trend inflation as a workers disciplining device in a general equilibrium model," wp.comunite, Department of Communication, University of Teramo 0043, Department of Communication, University of Teramo.
  81. repec:rdg:wpaper:em-dp2007-46 is not listed on IDEAS
  82. Silvia Sgherri & Bertrand Gruss, 2009. "The Volatility Costs of Procyclical Lending Standards," IMF Working Papers, International Monetary Fund 09/35, International Monetary Fund.
  83. Evi Pappa, 2005. "New Keynesian or RBC Transmission? The Effects of Fiscal Policy in Labor Markets," Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University 293, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
  84. Stephen McKnight & Alexander Mihailov, 2007. "Re-examining the Importance of Trade Openness for Aggregate Instability," Economic Analysis Research Group Working Papers, Henley Business School, Reading University earg-wp2007-12, Henley Business School, Reading University.
  85. Tamim Bayoumi & Douglas Laxton & Paolo Pesenti, 2004. "Benefits and spillovers of greater competition in Europe: a macroeconomic assessment," Staff Reports, Federal Reserve Bank of New York 182, Federal Reserve Bank of New York.
  86. Pytlarczyk, Ernest, 2005. "An estimated DSGE model for the German economy within the euro area," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, Research Centre 2005,33, Deutsche Bundesbank, Research Centre.
  87. Pappa, Evi, 2005. "New-Keynesian or RBC Transmission? The Effects of Fiscal Shocks in Labour Markets," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5313, C.E.P.R. Discussion Papers.
  88. Matthias Paustian, 2004. "Can Wage and Price Stickiness Account for Sizeable Costs of Business Cycle Fluctuations?," Bonn Econ Discussion Papers, University of Bonn, Germany bgse18_2004, University of Bonn, Germany.
  89. Attila Csajbók (ed.) & Ágnes Csermely (ed.), 2002. "Adopting the euro in Hungary: expected costs, benefits and timing," MNB Occasional Papers, Magyar Nemzeti Bank (the central bank of Hungary) 2002/24, Magyar Nemzeti Bank (the central bank of Hungary).
  90. Richard Rogerson & Robert Shimer, 2010. "Search in Macroeconomic Models of the Labor Market," NBER Working Papers 15901, National Bureau of Economic Research, Inc.
  91. Modena, Matteo, 2008. "The term structure and the expectations hypothesis: a threshold model," MPRA Paper 9611, University Library of Munich, Germany.
  92. Katharine Neiss & Edward Nelson, 2002. "Inflation dynamics, marginal cost, and the output gap: evidence from three countries," Proceedings, Federal Reserve Bank of San Francisco, Federal Reserve Bank of San Francisco, issue Mar.
  93. Leonor Coutinho, 2008. "Fiscal Policy and Macroeconomic Stabilizations: What are the Gains from Cooperation?," Open Economies Review, Springer, Springer, vol. 19(1), pages 81-120, February.
  94. Evans, Charles L. & Marshall, David A., 2007. "Economic determinants of the nominal treasury yield curve," Journal of Monetary Economics, Elsevier, Elsevier, vol. 54(7), pages 1986-2003, October.
  95. Bertrand Gruss & Silvia Sgherri, 2009. "The Volatility Costs of Procyclical Lending Standards: An Assessment Using a DSGE Model," Economics Working Papers, European University Institute ECO2009/07, European University Institute.
  96. Stéphane Auray & Aurélien Eyquem, 2012. "Welfare Reversal in Monetary Union," Working Papers, Centre de Recherche en Economie et Statistique 2012-33, Centre de Recherche en Economie et Statistique.
  97. Corsetti, Giancarlo & Martin, Philippe & Pesenti, Paolo, 2013. "Varieties and the transfer problem," Journal of International Economics, Elsevier, Elsevier, vol. 89(1), pages 1-12.
  98. Gadi Barlevy, 2005. "The cost of business cycles and the benefits of stabilization," Economic Perspectives, Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago, issue Q I, pages 32-49.
  99. Huang, MeiChi, 2012. "Housing deep-habit model: Mutual implications of macroeconomics and asset pricing," Economics Letters, Elsevier, Elsevier, vol. 116(3), pages 526-530.
  100. Blake, Andrew P & Markovic, Bojan, 2008. "The conduct of global monetary policy and domestic stability," Bank of England working papers, Bank of England 353, Bank of England.
  101. Jordi Galí & Mark Gertler & J. David López-Salido, 2003. "The euro area inefficiency gap," Banco de Espa�a Working Papers, Banco de Espa�a 0302, Banco de Espa�a.
  102. Epstein, Brendan & Mukherjee, Rahul & Ramnath, Shanthi, 2014. "Taxes and International Risk Sharing," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 1110, Board of Governors of the Federal Reserve System (U.S.).
  103. Marcus Hagedorn, 2007. "Optimal Ramsey Tax Cycles," IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich 354, Institute for Empirical Research in Economics - University of Zurich.
  104. Lawrence J. Christiano & Joshua M. Davis, 2006. "Two flaws in business cycle dating," Working Paper, Federal Reserve Bank of Cleveland 0612, Federal Reserve Bank of Cleveland.
  105. Givens, Gregory E., 2009. "Which price level to target? Strategic delegation in a sticky price and wage economy," Journal of Macroeconomics, Elsevier, Elsevier, vol. 31(4), pages 685-698, December.
  106. Ben Hunt & Alessandro Rebucci, 2003. "The U.S. Dollar and the Trade Deficit," IMF Working Papers, International Monetary Fund 03/194, International Monetary Fund.
  107. Fabio Canova & David López-Salido & Claudio Michelacci, 2006. "On the robust effects of technology shocks on hours worked and output," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra 1013, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2008.
  108. Tutino, Antonella, 2008. "Processing savings and work decisions through Shannon's channels," MPRA Paper 16746, University Library of Munich, Germany, revised 26 Jul 2009.
  109. Matthew B. Canzoneri & Robert E. Cumby & Behzad T. Diba, 2004. "The Cost of Nominal Inertia in NNS Models," NBER Working Papers 10889, National Bureau of Economic Research, Inc.
  110. Casey B. Mulligan, 2013. "Uncertainty, Redistribution, and the Labor Market," NBER Working Papers 19553, National Bureau of Economic Research, Inc.
  111. Nakajima, Tomoyuki, 2005. "A business cycle model with variable capacity utilization and demand disturbances," European Economic Review, Elsevier, Elsevier, vol. 49(5), pages 1331-1360, July.