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Bill Dupor

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Dupor, Bill, 1999. "Aggregation and irrelevance in multi-sector models," Journal of Monetary Economics, Elsevier, vol. 43(2), pages 391-409, April.

    Mentioned in:

    1. “The Great Diversification and Its Unraveling,” V. Carvalho and X. Gabaix (2013)
      by afinetheorem in A Fine Theorem on 2013-08-10 03:25:07

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Bill Dupor, 2020. "The Efficacy of Enhanced Unemployment Benefits during a Pandemic," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 28(1), March.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19
    2. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy > Household support > Unemployment insurance
  2. Bill Dupor, 2020. "Possible Fiscal Policies for Rare, Unanticipated, and Severe Viral Outbreaks," Economic Synopses, Federal Reserve Bank of St. Louis, issue 6, March.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Policy responses > Macroeconomic
    2. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19
    3. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy

Working papers

  1. Dupor, William & Karabarbounis, Marios & Kudlyak, Marianna & Mehkari, M. Saif, 2022. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," CEPR Discussion Papers 16189, C.E.P.R. Discussion Papers.

    Cited by:

    1. Nuno Alves & Fátima Cardoso & Manuel Coutinho Pereira, 2025. "Response of consumers to wage shocks in the framework of the Portuguese assistance program," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 24(1), pages 5-33, January.
    2. Mitman, Kurt & Manovskii, Iourii & Hagedorn, Marcus, 2019. "The Fiscal Multiplier," CEPR Discussion Papers 13529, C.E.P.R. Discussion Papers.
    3. Bhattarai, Saroj & Schwartzman, Felipe & Yang, Choongryul, 2021. "Local scars of the US housing crisis," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 40-57.
    4. Auclert, Adrien & Dobbie, Will & Goldsmith-Pinkham, Paul, 2019. "Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession," CEPR Discussion Papers 13598, C.E.P.R. Discussion Papers.
    5. Mario Crucini & Nam Vu, 2021. "Did the American Recovery and Reinvestment Act Help Counties Most Affected by the Great Recession?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 42, pages 264-282, October.
    6. ÅžimÅŸek, Alp & Chodorow-Reich, Gabriel & Nenov, Plamen T., 2019. "Stock Market Wealth and the Real Economy: A Local Labor Market Approach," CEPR Discussion Papers 13856, C.E.P.R. Discussion Papers.
    7. Christopher L. House & Christian Proebsting & Linda L. Tesar, 2019. "Regional Effects of Exchange Rate Fluctuations," NBER Working Papers 26071, National Bureau of Economic Research, Inc.
    8. Marco Bellifemine & Adrien Couturier & Rustam Jamilov, 2022. "The Regional Keynesian Cross," Economics Series Working Papers 995, University of Oxford, Department of Economics.
    9. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020. "Household Financial Distress and the Burden of ‘Aggregate’ Shocks," Research Working Paper RWP 20-13, Federal Reserve Bank of Kansas City.
    10. Yongsung Chang & Yena Park, 2017. "Optimal Taxation with Private Insurance," 2017 Meeting Papers 1321, Society for Economic Dynamics.
    11. Christopher Biolsi & Alex Lebedinsky, 2021. "Can changes in sentiments influence consumer behavior? Evidence from the Trump‐Russia investigation," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1569-1592, October.
    12. Fátima Cardoso & Manuel Coutinho Pereira & Nuno Alves, 2020. "Heterogeneous response of consumers to income shocks throughout a financial assistance program," Working Papers w202018, Banco de Portugal, Economics and Research Department.
    13. Alan J. Auerbach & Yuriy Gorodnichenko & Daniel Murphy, 2019. "Macroeconomic Frameworks," NBER Working Papers 26365, National Bureau of Economic Research, Inc.
    14. Kudlyak, Marianna & Faia, Ester & Shabalina, Ekaterina, 2021. "Dynamic Labor Reallocation with Heterogeneous Skills and Uninsured Idiosyncratic Risk," CEPR Discussion Papers 16008, C.E.P.R. Discussion Papers.
    15. J. Anthony Cookson & Erik P. Gilje & Rawley Z. Heimer, 2020. "Shale Shocked: Cash Windfalls and Household Debt Repayment," NBER Working Papers 27782, National Bureau of Economic Research, Inc.
    16. Gerald Carlino & Nicholas Zarra & Robert Inman & Thorsten Drautzburg, 2019. "Fiscal Policy in Monetary Unions: State Partisanship and its Macroeconomic Effects," 2019 Meeting Papers 434, Society for Economic Dynamics.
    17. Nguyen, Thuy Lan, 2020. "Comments on “Regional Data in Macroeconomics: Advice for Practitioners”," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    18. Timothy G. Conley & Bill Dupor & Rong Li & Yijiang Zhou, 2023. "Decomposing the Government Transfer Multiplier," Working Papers 2023-017, Federal Reserve Bank of St. Louis, revised 17 Nov 2023.
    19. Jean‐François Houde & Peter Newberry & Katja Seim, 2023. "Nexus Tax Laws and Economies of Density in E‐Commerce: A Study of Amazon's Fulfillment Center Network," Econometrica, Econometric Society, vol. 91(1), pages 147-190, January.
    20. Darracq Pariès, Matthieu & Notarpietro, Alessandro & Kilponen, Juha & Papadopoulou, Niki & Zimic, Srečko & Aldama, Pierre & Langenus, Geert & Alvarez, Luis Julian & Lemoine, Matthieu & Angelini, Elena, 2021. "Review of macroeconomic modelling in the Eurosystem: current practices and scope for improvement," Occasional Paper Series 267, European Central Bank.
    21. Chodorow-Reich, Gabriel, 2020. "Regional data in macroeconomics: Some advice for practitioners," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    22. Christopher Biolsi, 2019. "Local Effects of a Military Spending Shock: Evidence from Shipbuilding in the 1930s," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 227-248, April.

  2. Bill Dupor, 2020. "Possible Fiscal Policies for Rare, Unanticipated and Severe Viral Outbreaks," On the Economy 87722, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Faria-e-Castro, Miguel, 2021. "Fiscal policy during a pandemic," Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
    2. Emanuele Colombo Azimonti & Luca Portoghese & Patrizio Tirelli, 2022. "Covid-19 supply-side fiscal policies to escape the health-vs-economy dilemma," DEM Working Papers Series 208, University of Pavia, Department of Economics and Management.

  3. Bill Dupor & Rong Li & M. Saif Mehkari & Yi-Chan Tsai, 2018. "The 2008 U.S. Auto Market Collapse," Working Papers 2018-19, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Kartik B. Athreya & Ryan Mather & Jose Mustre-del-Rio & Juan M. Sanchez, 2020. "Household Financial Distress and the Burden of ‘Aggregate’ Shocks," Research Working Paper RWP 20-13, Federal Reserve Bank of Kansas City.
    2. Gavazza, Alessandro & Lanteri, Andrea, 2018. "Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets," CEPR Discussion Papers 13229, C.E.P.R. Discussion Papers.
    3. Harmenberg, Karl & Öberg, Erik, 2021. "Consumption dynamics under time-varying unemployment risk," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 350-365.
    4. Alisdair McKay & Johannes F. Wieland, 2021. "Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy," Staff Report 622, Federal Reserve Bank of Minneapolis.
    5. Saraf, Shubham & Bera, Achinta, 2021. "A review on pore-scale modeling and CT scan technique to characterize the trapped carbon dioxide in impermeable reservoir rocks during sequestration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    6. Adamos Adamou & Sofronis Clerides, 2021. "The evolution of car ownership in Cyprus," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 15(1), pages 1-15, June.

  4. Bill Dupor & Jingchao Li & Rong Li, 2017. "Sticky Wages, Monetary Policy and Fiscal Policy Multipliers," Working Papers 2017-7, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Givens, Gregory, 2019. "Unemployment, Partial Insurance, and the Multiplier Effects of Government Spending," MPRA Paper 96811, University Library of Munich, Germany.
    2. Shen, Wenyi & Yang, Shu-Chun S., 2018. "Downward nominal wage rigidity and state-dependent government spending multipliers," Journal of Monetary Economics, Elsevier, vol. 98(C), pages 11-26.

  5. Bill Dupor & Guerrero Rodrigo, 2016. "Local and Aggregate Fiscal Policy Multipliers," Working Papers 2016-4, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Buchheim, Lukas & Watzinger, Martin, 2017. "The Employment Effects of Countercyclical Infrastructure Investments," Rationality and Competition Discussion Paper Series 20, CRC TRR 190 Rationality and Competition.
    2. Timothy G. Conley & Bill Dupor & Mahdi Ebsim & Jingchao Li & Peter B. McCrory, 2020. "A Local-Spillover Decomposition of the Causal Effect of U.S. Defense Spending Shocks," Working Papers 2020-014, Federal Reserve Bank of St. Louis.
    3. Hollmayr, Josef & Kuckuck, Jan, 2018. "Fiscal multipliers of central, state and local government and of the social security funds in Germany: Evidence of a SVAR," Discussion Papers 28/2018, Deutsche Bundesbank.
    4. Zhang, Wen, 2020. "Political incentives and local government spending multiplier: Evidence for Chinese provinces (1978–2016)," Economic Modelling, Elsevier, vol. 87(C), pages 59-71.
    5. Fabio Canova, 2024. "Should we trust cross‐sectional multiplier estimates?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(4), pages 589-606, June.
    6. Valerie A. Ramey, 2019. "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," NBER Working Papers 25531, National Bureau of Economic Research, Inc.
    7. Marco Bernardini & Selien De Schryder & Gert Peersman, 2020. "Heterogeneous Government Spending Multipliers in the Era Surrounding the Great Recession," The Review of Economics and Statistics, MIT Press, vol. 102(2), pages 304-322, May.
    8. James Sampi & Guillermo Javier Vuletin & J.T. Araujo, 2024. "Firm Size and Public Investment Multipliers : Micro Evidence from Peru," Policy Research Working Paper Series 10997, The World Bank.
    9. Céline Poilly & Fabien Tripier, 2023. "Regional Trade Policy Uncertainty," AMSE Working Papers 2321, Aix-Marseille School of Economics, France.
    10. Ackon, Kwabena Meneabe, 2020. "Fiscal Policy Innovations In Advanced Economies," MPRA Paper 100737, University Library of Munich, Germany.
    11. Kang, Jihye & Kim, Soyoung, 2022. "Government spending news and surprise shocks: It’s the timing and persistence," Journal of Macroeconomics, Elsevier, vol. 73(C).
    12. Imai, Masami, 2022. "Local economic impacts of legislative malapportionment," Journal of Urban Economics, Elsevier, vol. 131(C).
    13. Bill Dupor & Guerrero Rodrigo, 2017. "The Aggregate and Relative Economic Effects of Government Financed Health Care," Working Papers 2017-27, Federal Reserve Bank of St. Louis.
    14. Yoon J. Jo & Sarah Zubairy, 2021. "State dependent government spending multipliers: Downward nominal wage rigidity and sources of business cycle fluctuations," Working Papers 20210127-001, Texas A&M University, Department of Economics.
    15. Proebsting, Christian, 2022. "Market segmentation and spending multipliers," Journal of Monetary Economics, Elsevier, vol. 128(C), pages 1-19.
    16. Buchheim, Lukas & Watzinger, Martin & Wilhelm, Matthias, 2020. "Job creation in tight and slack labor markets," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 126-143.
    17. Rabia Rafique & Asad Nisar & Syed Sadaqat Ali Shah, 2024. "Testing the effects of fiscal policy shocks on output growth in recession and expansion: empirical evidence from developing countries," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-26, June.
    18. Valerie A. Ramey, 2020. "The Macroeconomic Consequences of Infrastructure Investment," NBER Chapters, in: Economic Analysis and Infrastructure Investment, pages 219-268, National Bureau of Economic Research, Inc.
    19. Adina TRANDAFIR & Octav NEGURIȚĂ & Claudia GUNI, 2018. "The Impact Of Deflation On Fiscal Aggregates," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 18(3), pages 81-96.
    20. Travis J. Berge & Maarten De Ridder & Damjan Pfajfar, 2020. "When is the Fiscal Multiplier High? A Comparison of Four Business Cycle Phases," Finance and Economics Discussion Series 2020-026, Board of Governors of the Federal Reserve System (U.S.).
    21. Räsänen, Johannes & Mäkelä, Erik, 2021. "The effect of government spending on local economies during an economic downturn," European Economic Review, Elsevier, vol. 134(C).
    22. Fergus Cumming, 2019. "Mortgage Cash-flows and Employment," Discussion Papers 1922, Centre for Macroeconomics (CFM).
    23. Ackon, Kwabena Meneabe, 2018. "Essays In Fiscal Policy And State Dependence Fiscal Policy Innovations Using A New Econometric Approach," MPRA Paper 100739, University Library of Munich, Germany.
    24. Lukasz Wiktor Olejnik, 2023. "Economic growth and military expenditure in the countries on NATOʼs Eastern flank in 1999–2021," Bank of Estonia Working Papers wp2023-2, Bank of Estonia, revised 09 May 2023.
    25. Bill Dupor & M. Saif Mehkari & Rong Li & Yi-Chan Tsai, 2019. "The 2008 US Auto Market Collapse," 2019 Meeting Papers 66, Society for Economic Dynamics.
    26. Hoyos, Mateo & Coronado, José Alejandro & Martins, Guilherme Klein, 2024. "Local and Spillover Effects of Trade on Structural Transformation: Evidence from Brazil," SocArXiv rfqvt, Center for Open Science.
    27. Kameda, Taisuke & Namba, Ryoichi & Tsuruga, Takayuki, 2021. "Decomposing local fiscal multipliers: Evidence from Japan," Japan and the World Economy, Elsevier, vol. 57(C).
    28. Ihor Kendiukhov, 2024. "Present Value of the Future Consumer Goods Multiplier," Papers 2402.01938, arXiv.org.
    29. Diego Daruich & Julian Kozlowski, 2023. "Macroeconomic Implications of Uniform Pricing," American Economic Journal: Macroeconomics, American Economic Association, vol. 15(3), pages 64-108, July.
    30. Céline Poilly & Fabien Tripier, 2025. "Regional trade policy uncertainty," Post-Print hal-05067044, HAL.
    31. Fergus Cumming, 2018. "Mortgages, cash-flow shocks and local employment," Bank of England working papers 773, Bank of England.
    32. Debuque-Gonzales, Margarita, 2021. "Local fiscal multipliers and spillover effects: Evidence from Philippine regions," Economic Systems, Elsevier, vol. 45(2).
    33. Duque Gabriel, Ricardo & Klein, Mathias & Pesso, Ana Sofia, 2020. "The Effects of Government Spending in the Eurozone," Working Paper Series 400, Sveriges Riksbank (Central Bank of Sweden).
    34. Li, Rong & Zhou, Yijiang, 2021. "Estimating local fiscal multipliers using political connections," China Economic Review, Elsevier, vol. 66(C).
    35. Timothy G. Conley & Bill Dupor & Rong Li & Yijiang Zhou, 2023. "Decomposing the Government Transfer Multiplier," Working Papers 2023-017, Federal Reserve Bank of St. Louis, revised 17 Nov 2023.
    36. Henrique S. Basso & Omar Rachedi, 2018. "The young, the old, and the government: demographics and fiscal multipliers," Working Papers 1837, Banco de España.
    37. Benoit Dicharry & Lubica Stiblarova, 2023. "Positive externalities of the EU cohesion policy: Toward more synchronised CEE countries?," International Economics and Economic Policy, Springer, vol. 20(3), pages 485-508, July.
    38. Canova, Fabio, 2020. "Should we trust cross sectional multiplier estimates?," CEPR Discussion Papers 15330, C.E.P.R. Discussion Papers.
    39. Abdul Jalil, 2021. "Austerity: Which Way Now?," PIDE Knowledge Brief 2021:21, Pakistan Institute of Development Economics.
    40. Chodorow-Reich, Gabriel, 2020. "Regional data in macroeconomics: Some advice for practitioners," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    41. Edoardo Briganti & Holt Dwyer & Ricardo Duque Gabriel & Victor Sellemi, 2025. "Breaking Down the US Employment Multiplier Using Micro-Level Data," Staff Working Papers 25-8, Bank of Canada.
    42. Mark J. Garmaise & Gabriel Natividad, 2024. "Fiscal windfalls and entrepreneurship: fostering entry or promoting incumbents?," Small Business Economics, Springer, vol. 62(1), pages 133-158, January.
    43. Christopher Biolsi, 2019. "Local Effects of a Military Spending Shock: Evidence from Shipbuilding in the 1930s," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 227-248, April.
    44. Matija Lozej & Graeme Walsh, 2021. "Fiscal Policy Spillovers in a Monetary Union," Open Economies Review, Springer, vol. 32(5), pages 1089-1117, November.
    45. Li, Weiqing & Chien, Fengsheng & Ngo, Quang-Thanh & Nguyen, Tien-Dung & Iqbal, Sajid & Bilal, Ahmad Raza, 2021. "Vertical financial disparity, energy prices and emission reduction: Empirical insights from Pakistan," MPRA Paper 109672, University Library of Munich, Germany.
    46. Antonia Díaz & Luis A. Puch, 2021. "EU After COVID-19: An Opportunity for Policy Coordination," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(4), pages 197-200, July.
    47. Olejnik, Łukasz Wiktor, 2023. "Short-run multiplier effects of military expenditures in NATO's Eastern Flank countries in 1999–2021," Journal of Comparative Economics, Elsevier, vol. 51(4), pages 1344-1355.
    48. Viacheslav Sheremirov & Sandra Spirovska, 2019. "Fiscal multipliers in advanced and developing countries: evidence from military spending," Working Papers 19-3, Federal Reserve Bank of Boston.
    49. Bill Dupor & Rodrigo Guerrero, 2021. "The Aggregate And Local Economic Effects Of Government Financed Health Care," Economic Inquiry, Western Economic Association International, vol. 59(2), pages 662-670, April.
    50. Timothy G. Conley & Bill Dupor & Mahdi Ebsim & Jingchao Li & Peter B. McCrory, 2021. "The Local-Spillover Decomposition of an Aggregate Causal Effect," Working Papers 2021-006, Federal Reserve Bank of St. Louis.
    51. Carola Conces Binder & Gillian Brunet, 2022. "Inflation expectations and consumption: Evidence from 1951," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 954-974, April.
    52. Thomas Gemert & Lenard Lieb & Tania Treibich, 2022. "Local fiscal multipliers of different government spending categories," Empirical Economics, Springer, vol. 63(5), pages 2551-2575, November.
    53. Richard McManus, 2018. "Fiscal Trade‐Offs: The Relationship Between Output and Debt in Policy Interventions," Manchester School, University of Manchester, vol. 86(S1), pages 50-82, September.

  6. Bill Dupor, 2015. "Local Fiscal Multipliers, Negative Spillovers and the Macroeconomy," Working Papers 2015-26, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Michiel Gerritse & Andres Rodrigues-Pose, 2017. "Does federal contracting spur development? Federal contracts, income, output, and jobs in US cities," Papers in Evolutionary Economic Geography (PEEG) 1703, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jan 2017.
    2. Christopher Biolsi, 2019. "Local Effects of a Military Spending Shock: Evidence from Shipbuilding in the 1930s," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 227-248, April.

  7. Bill Dupor & M. Saif Mehkari, 2015. "Schools and Stimulus," Working Papers 2015-4, Federal Reserve Bank of St. Louis.
    • Bill Dupor & M. Saif Mehkari, 2020. "Schools and Stimulus," Review, Federal Reserve Bank of St. Louis, vol. 102(2), pages 145-171, May.

    Cited by:

    1. Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper 18-4, Federal Reserve Bank of Richmond.
    2. Christopher Biolsi & Steven Craig & Amrita Dhar & Bent Sorensen, 2022. "Inequality in Public School Spending Across Space and Time," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 244-279, October.
    3. Rong Li, 2017. "Putting Government Spending Shocks under the Microscope: Standard Vector Autoregression versus the Narrative Approach," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 73(3), pages 237-254, September.

  8. Bill Dupor & M. Saif Mehkari, 2014. "The 2009 recovery act: stimulus at the extensive and intensive labor margins," Working Papers 2014-23, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Andrea Cerrato & Francesco Filippucci, 2022. "The Impact of Austerity Policies on Local Income: Evidence from Italian Municipalities," Working Papers halshs-03665241, HAL.
    2. Bill Dupor & Peter B. McCrory, 2018. "A Cup Runneth Over: Fiscal Policy Spillovers from the 2009 Recovery Act," Economic Journal, Royal Economic Society, vol. 128(611), pages 1476-1508, June.
    3. Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper 18-4, Federal Reserve Bank of Richmond.
    4. Valerie A. Ramey, 2019. "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," NBER Working Papers 25531, National Bureau of Economic Research, Inc.
    5. Gabriel Chodorow-Reich, 2017. "Geographic Cross-Sectional Fiscal Multipliers: What Have We Learned?," 2017 Meeting Papers 1214, Society for Economic Dynamics.
    6. Imai, Masami, 2022. "Local economic impacts of legislative malapportionment," Journal of Urban Economics, Elsevier, vol. 131(C).
    7. Joonkyu Choi & Veronika Penciakova & Felipe Saffie, 2021. "Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier," Finance and Economics Discussion Series 2021-005r1, Board of Governors of the Federal Reserve System (U.S.), revised Jul 2021.
    8. Andrea Cerrato & Francesco Filippucci, 2022. "The Impact of Austerity Policies on Local Income: Evidence from Italian Municipalities," PSE Working Papers halshs-03665241, HAL.
    9. Chen, Zhuo & He, Zhiguo & Liu, Chun, 2020. "The financing of local government in China: Stimulus loan wanes and shadow banking waxes," Journal of Financial Economics, Elsevier, vol. 137(1), pages 42-71.
    10. Valerie A. Ramey, 2020. "The Macroeconomic Consequences of Infrastructure Investment," NBER Chapters, in: Economic Analysis and Infrastructure Investment, pages 219-268, National Bureau of Economic Research, Inc.
    11. Peter McCrory & Bill Dupor, 2015. "Fiscal Policy Spillovers: Points of Employment to Places of Residence," 2015 Meeting Papers 47, Society for Economic Dynamics.
    12. Sergio Destefanis & Mario Di Serio & Matteo Fragetta, 2020. "Regional multipliers across the Italian regions," Discussion Paper series in Regional Science & Economic Geography 2020-04, Gran Sasso Science Institute, Social Sciences, revised Jul 2020.
    13. Matteo Ficarra, 2024. "Public Spending, Green Growth, and Corruption: a Local Fiscal Multiplier Analysis for Italian Provinces," IHEID Working Papers 11-2024, Economics Section, The Graduate Institute of International Studies.
    14. Bessho, Shun-ichiro, 2021. "Local fiscal multipliers and population aging in Japan," Japan and the World Economy, Elsevier, vol. 60(C).
    15. Emi Nakamura & Jón Steinsson, 2018. "Identification in Macroeconomics," Journal of Economic Perspectives, American Economic Association, vol. 32(3), pages 59-86, Summer.
    16. Nguyen, Thuy Lan, 2020. "Comments on “Regional Data in Macroeconomics: Advice for Practitioners”," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    17. Ziqiao Chen & Giovanni Marin & David Popp & Francesco Vona, 2020. "Green Stimulus in a Post‑pandemic Recovery: the Role of Skills for a Resilient Recovery," SciencePo Working papers Main hal-03403020, HAL.
    18. Bill Dupor, 2017. "So, Why Didn’t the 2009 Recovery Act Improve the Nation’s Highways and Bridges?," Review, Federal Reserve Bank of St. Louis, vol. 99(2), pages 169-182.
    19. Tomomi Miyazaki & Haruo Kondoh, 2022. "Effects of Monetary and Fiscal Policy Interactions on Regional Employment: Evidence from Japan," Discussion Papers 2206, Graduate School of Economics, Kobe University.

  9. Bill Dupor & Peter B. McCrory, 2014. "A Cup Runneth Over: Fiscal Policy Spillovers from the 2009 Recovery Act," Working Papers 2014-29, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Dagostino, Ramona, 2025. "The impact of bank financing on municipalities’ bond issuance and the real economy," Journal of Financial Economics, Elsevier, vol. 166(C).
    2. Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper 18-4, Federal Reserve Bank of Richmond.
    3. Gabriel Chodorow-Reich, 2017. "Geographic Cross-Sectional Fiscal Multipliers: What Have We Learned?," 2017 Meeting Papers 1214, Society for Economic Dynamics.
    4. Mario Alloza & Carlos Sanz, 2021. "Jobs Multipliers: Evidence from a Large Fiscal Stimulus in Spain," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(3), pages 751-779, July.
    5. Bettarelli, Luca & Furceri, Davide & Pizzuto, Pietro & Yarveisi, Khatereh, 2024. "Regional fiscal spillovers: The role of trade linkages," Journal of International Money and Finance, Elsevier, vol. 140(C).
    6. Kilian Huber, 2022. "Estimating General Equilibrium Spillovers of Large-Scale Shocks," NBER Working Papers 29908, National Bureau of Economic Research, Inc.
    7. Lwazi Senzo Ntshangase & Thando Ngozo, 2024. "Quantifying Fiscal Multipliers in South Africa: A Structural Var Approach," Journal of Economics and Behavioral Studies, AMH International, vol. 16(2), pages 45-55.
    8. Bill Dupor & M. Saif Mehkari, 2015. "Schools and Stimulus," Working Papers 2015-4, Federal Reserve Bank of St. Louis.
      • Bill Dupor & M. Saif Mehkari, 2020. "Schools and Stimulus," Review, Federal Reserve Bank of St. Louis, vol. 102(2), pages 145-171, May.
    9. Dupor, Bill & Guerrero, Rodrigo, 2017. "Local and aggregate fiscal policy multipliers," Journal of Monetary Economics, Elsevier, vol. 92(C), pages 16-30.
    10. Hoyos, Mateo & Coronado, José Alejandro & Martins, Guilherme Klein, 2024. "Local and Spillover Effects of Trade on Structural Transformation: Evidence from Brazil," SocArXiv rfqvt, Center for Open Science.
    11. Gorodnichenko, Yuriy & Auerbach, Alan & McCrory, Peter & Murphy, Daniel, 2021. "Fiscal Multipliers in the COVID19 Recession," CEPR Discussion Papers 16754, C.E.P.R. Discussion Papers.
    12. Matteo Ficarra, 2024. "Public Spending, Green Growth, and Corruption: a Local Fiscal Multiplier Analysis for Italian Provinces," IHEID Working Papers 11-2024, Economics Section, The Graduate Institute of International Studies.
    13. Alan J. Auerbach & Yuriy Gorodnichenko & Daniel Murphy, 2019. "Local Fiscal Multipliers and Fiscal Spillovers in the United States," NBER Working Papers 25457, National Bureau of Economic Research, Inc.
    14. Bessho, Shun-ichiro, 2021. "Local fiscal multipliers and population aging in Japan," Japan and the World Economy, Elsevier, vol. 60(C).
    15. Bill Dupor, 2015. "Local Fiscal Multipliers, Negative Spillovers and the Macroeconomy," Working Papers 2015-26, Federal Reserve Bank of St. Louis.
    16. Ziqiao Chen & Giovanni Marin & David Popp & Francesco Vona, 2020. "Green Stimulus in a Post‑pandemic Recovery: the Role of Skills for a Resilient Recovery," SciencePo Working papers Main hal-03403020, HAL.
    17. Bill Dupor, 2017. "So, Why Didn’t the 2009 Recovery Act Improve the Nation’s Highways and Bridges?," Review, Federal Reserve Bank of St. Louis, vol. 99(2), pages 169-182.
    18. Alan Auerbach & Yuriy Gorodnichenko & Daniel Murphy, 2020. "Local Fiscal Multipliers and Fiscal Spillovers in the USA," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(1), pages 195-229, March.
    19. Chodorow-Reich, Gabriel, 2020. "Regional data in macroeconomics: Some advice for practitioners," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    20. Tomomi Miyazaki & Haruo Kondoh, 2022. "Effects of Monetary and Fiscal Policy Interactions on Regional Employment: Evidence from Japan," Discussion Papers 2206, Graduate School of Economics, Kobe University.
    21. Steven Gordon, 2019. "The Returns to Lobbying: Evidence from Local Governments in the “Age of Earmarksâ€," Public Finance Review, , vol. 47(5), pages 893-924, September.

  10. Bill Dupor & Rong Li, 2013. "The Expected Inflation Channel of Government Spending in the Postwar U.S," Working Papers 2013-026, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Choi, Sangyup & Shin, Junhyeok & Yoo, Seung Yong, 2022. "Are government spending shocks inflationary at the zero lower bound? New evidence from daily data," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
    2. Uhlig, Harald & Fratto, Chiara, 2014. "Accounting for Post-Crisis Inflation and Employment: A Retro Analysis," CEPR Discussion Papers 10306, C.E.P.R. Discussion Papers.
    3. Francesco D'Acunto & Daniel Hoang & Michael Weber & Michael Weber, 2016. "Unconventional Fiscal Policy, Inflation Expectations, and Consumption Expenditure," CESifo Working Paper Series 5793, CESifo.
    4. Marius Brulhart & Didier Dupertuis & Elodie Moreau, 2016. "Inheritance Flows in Switzerland, 1911-2011," Cahiers de Recherches Economiques du Département d'économie 16.05, Université de Lausanne, Faculté des HEC, Département d’économie.
    5. Joep Lustenhouwer & Kostas Mavromatis, 2025. "The Effects of Fiscal Policy When Planning Horizons are Finite," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(2-3), pages 549-582, March.
    6. Bersson, Betsy & Hürtgen, Patrick & Paustian, Matthias, 2019. "Expectations formation, sticky prices, and the ZLB," Discussion Papers 34/2019, Deutsche Bundesbank.
    7. Jordan Roulleau-Pasdeloup, 2017. "The Government Spending Multiplier in a (Mis-)Managed Liquidity Trap," Cahiers de Recherches Economiques du Département d'économie 17.04, Université de Lausanne, Faculté des HEC, Département d’économie.
    8. Laurent Ferrara & Luca Metelli & Filippo Natoli & Daniele Siena, 2020. "Questioning the puzzle: Fiscal policy, exchange rate and inflation," Working papers 752, Banque de France.
    9. Rüth, Sebastian K., 2018. "Fiscal stimulus and systematic monetary policy: Postwar evidence for the United States," Economics Letters, Elsevier, vol. 173(C), pages 92-96.
    10. Klein, Mathias & Linnemann, Ludger, 2020. "The time-varying effect of fiscal policy on inflation: Evidence from historical US data," Economics Letters, Elsevier, vol. 186(C).
    11. Cochrane, John H., 2017. "The new-Keynesian liquidity trap," Journal of Monetary Economics, Elsevier, vol. 92(C), pages 47-63.
    12. Timothy S. Hills & Taisuke Nakata, 2018. "Fiscal Multipliers at the Zero Lower Bound: The Role of Policy Inertia," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(1), pages 155-172, February.
    13. Julio Garín & Robert Lester & Eric Sims, 2016. "Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data," NBER Working Papers 22311, National Bureau of Economic Research, Inc.
    14. Francesco D’Acunto & Daniel Hoang & Michael Weber, 2016. "The Effect of Unconventional Fiscal Policy on Consumption Expenditure," NBER Working Papers 22563, National Bureau of Economic Research, Inc.
    15. Canzoneri, Matthew B & Dellas, Harris & Diba, Behzad & Collard, Fabrice, 2015. "Fiscal Multipliers in Recessions," CEPR Discussion Papers 10353, C.E.P.R. Discussion Papers.
    16. Bill Dupor & Guerrero Rodrigo, 2017. "The Aggregate and Relative Economic Effects of Government Financed Health Care," Working Papers 2017-27, Federal Reserve Bank of St. Louis.
    17. Jørgensen, Peter L. & Ravn, Søren H., 2022. "The inflation response to government spending shocks: A fiscal price puzzle?," European Economic Review, Elsevier, vol. 141(C).
    18. Deepa Dhume Datta & Benjamin K. Johannsen & Hannah Kwon & Robert J. Vigfusson, 2018. "Oil, Equities, and the Zero Lower Bound," Finance and Economics Discussion Series 2018-058, Board of Governors of the Federal Reserve System (U.S.).
    19. Eric M. Leeper & Nora Traum & Todd B. Walker, 2017. "Clearing Up the Fiscal Multiplier Morass," American Economic Review, American Economic Association, vol. 107(8), pages 2409-2454, August.
    20. Antonello d’Alessandro & Giulio Fella & Leonardo Melosi, 2018. "Fiscal Stimulus with Learning-By-Doing," Discussion Papers 1818, Centre for Macroeconomics (CFM).
    21. Thorsten Drautzburg & Harald Uhlig, 2011. "Fiscal Stimulus and Distortionary Taxation," NBER Working Papers 17111, National Bureau of Economic Research, Inc.
    22. Thuy Lan Nguyen & Dmitriy Sergeyev & Wataru Miyamoto, 2016. "Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan," 2016 Meeting Papers 666, Society for Economic Dynamics.
    23. Miyazaki, Tomomi & Hiraga, Kazuki & Kozuka, Masafumi, 2024. "Stock market response to public investment under the zero lower bound: Cross-industry evidence from Japan," Journal of the Japanese and International Economies, Elsevier, vol. 71(C).
    24. Jordan Roulleau-Pasdeloup, 2016. "The Government Spending Multiplier in a Deep Recession," Cahiers de Recherches Economiques du Département d'économie 16.22, Université de Lausanne, Faculté des HEC, Département d’économie.
    25. Chiara Fratto & Harald Uhlig, 2019. "Online Appendix to "Accounting for Post-Crisis Inflation: A Retro Analysis"," Online Appendices 18-217, Review of Economic Dynamics.
    26. Lindé, Jesper & Trabandt, Mathias, 2017. "Should We Use Linearized Models To Calculate Fiscal Multipliers?," Working Paper Series 350, Sveriges Riksbank (Central Bank of Sweden).
    27. Valerie A. Ramey, 2020. "The Macroeconomic Consequences of Infrastructure Investment," NBER Chapters, in: Economic Analysis and Infrastructure Investment, pages 219-268, National Bureau of Economic Research, Inc.
    28. Aloui, Rym, 2024. "Habit formation and the government spending multiplier," Economic Modelling, Elsevier, vol. 132(C).
    29. Bredemeier, Christian & Juessen, Falko & Schabert, Andreas, 2015. "Fiscal Policy, Interest Rate Spreads, and the Zero Lower Bound," IZA Discussion Papers 8993, Institute of Labor Economics (IZA).
    30. Räsänen, Johannes & Mäkelä, Erik, 2021. "The effect of government spending on local economies during an economic downturn," European Economic Review, Elsevier, vol. 134(C).
    31. Kevin XD Huang & Nam T Vu, 2019. "Rare but Long-lasting Liquidity Traps and Fiscal Stimulus," Vanderbilt University Department of Economics Working Papers 19-00014, Vanderbilt University Department of Economics.
    32. Christian Bredemeier & Falko Juessen & Andreas Schabert, 2021. "Why Are Fiscal Multipliers Moderate Even Under Monetary Accommodation?," ECONtribute Discussion Papers Series 074, University of Bonn and University of Cologne, Germany.
    33. Ruoyun Mao & Wenyi Shen & Shu-Chun S. Yang, 2022. "Uncertain Policy Regimes and Government Spending Effects," IEAS Working Paper : academic research 22-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    34. Valerie A. Ramey & Sarah Zubairy, 2018. "Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data," Journal of Political Economy, University of Chicago Press, vol. 126(2), pages 850-901.
    35. Siming Liu, 2018. "Government Spending during Sudden Stop Crises," CAEPR Working Papers 2018-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    36. Rong Li & Xiaohui Tian, 2018. "Spending Reversals and Fiscal Multipliers under an Interest Rate Peg," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(4), pages 789-815, June.
    37. Ferrara, Laurent & Metelli, Luca & Natoli, Filippo & Siena, Daniele, 2021. "Questioning the puzzle: Fiscal policy, real exchange rate and inflation," Journal of International Economics, Elsevier, vol. 133(C).
    38. Degiannakis, Stavros & Filis, George, 2023. "Oil price assumptions for macroeconomic policy," Energy Economics, Elsevier, vol. 117(C).
    39. Bonam, Dennis & De Haan, Jakob & Soederhuizen, Beau, 2022. "The Effects Of Fiscal Policy At The Effective Lower Bound," Macroeconomic Dynamics, Cambridge University Press, vol. 26(1), pages 149-185, January.
    40. Tong, Bing & Yang, Guang, 2020. "Interest Rate Pegging, Fluctuations, and Fiscal Policy in China," MPRA Paper 100930, University Library of Munich, Germany.
    41. Givens, Gregory, 2019. "Unemployment, Partial Insurance, and the Multiplier Effects of Government Spending," MPRA Paper 96811, University Library of Munich, Germany.
    42. Bill Dupor, 2015. "Local Fiscal Multipliers, Negative Spillovers and the Macroeconomy," Working Papers 2015-26, Federal Reserve Bank of St. Louis.
    43. Tian, Hanhui & Wang, Chenxi & Zhang, Chengsi, 2025. "The effects of fiscal stimulus under monetary accommodation," Journal of Macroeconomics, Elsevier, vol. 85(C).
    44. Eric M. Leeper & Nora Traum & Todd B. Walker, 2015. "Clearing Up the Fiscal Multiplier Morass: Prior and Posterior Analysis," NBER Working Papers 21433, National Bureau of Economic Research, Inc.
    45. Ricco, Giovanni & Callegari, Giovanni & Cimadomo, Jacopo, 2016. "Signals from the government: Policy disagreement and the transmission of fiscal shocks," Journal of Monetary Economics, Elsevier, vol. 82(C), pages 107-118.
    46. Ruoyun Mao & Wenyi Shen & Shu-Chun S. Yang, 2023. "Can Passive Monetary Policy Decrease the Debt Burden?," IEAS Working Paper : academic research 23-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    47. Guo, Junjie & Han, Zhao, 2025. "Time-varying government spending foresight," Journal of Economic Dynamics and Control, Elsevier, vol. 173(C).
    48. Jérémie Cohen‐Setton & Joshua K. Hausman & Johannes F. Wieland, 2017. "Supply‐Side Policies in the Depression: Evidence from France," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(2-3), pages 273-317, March.
    49. Bing Tong & Guang Yang, 2020. "Interest Rate Pegging, Fluctuations, and Fiscal Policy in China," CFDS Discussion Paper Series 2020/3, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    50. Thorsten Drautzburg & Harald Uhlig, 2015. "Online Appendix to "Fiscal Stimulus and Distortionary Taxation"," Online Appendices 14-44, Review of Economic Dynamics.
    51. Christian Bredemeier & Falko Juessen & Andreas Schabert, 2017. "Fiscal Multipliers and Monetary Policy: Reconciling Theory and Evidence," Working Paper Series in Economics 95, University of Cologne, Department of Economics.
    52. Bowen Fu, Ivan Mendieta-Muñoz, 2023. "Structural shocks and trend inflation," Working Paper Series, Department of Economics, University of Utah 2023_04, University of Utah, Department of Economics.
    53. Ko, Dong Gyun, 2025. "Did the American Rescue Plan cause inflation? A synthetic control approach," Economic Modelling, Elsevier, vol. 143(C).
    54. Siming Liu, 2018. "Spending Multiplier during Sudden Stop Crises," 2018 Meeting Papers 226, Society for Economic Dynamics.
    55. Joonyoung Hur & Jong-Suk Han, 2020. "Effect of Monetary Policy on Government Spending Multiplier," Working Papers 2004, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    56. Abo-Zaid, Salem & Kamara, Ahmed H., 2020. "Credit Constraints and the Government Spending Multiplier," Journal of Economic Dynamics and Control, Elsevier, vol. 116(C).

  11. Bill Dupor, 2013. "Creating jobs via the 2009 recovery act: state medicaid grants compared to broadly-directed spending," Working Papers 2013-035, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Gabriel Chodorow-Reich, 2019. "Geographic Cross-Sectional Fiscal Spending Multipliers: What Have We Learned?," American Economic Journal: Economic Policy, American Economic Association, vol. 11(2), pages 1-34, May.
    2. Bill Dupor & Peter B. McCrory, 2018. "A Cup Runneth Over: Fiscal Policy Spillovers from the 2009 Recovery Act," Economic Journal, Royal Economic Society, vol. 128(611), pages 1476-1508, June.
    3. Dupor, Bill & Li, Rong, 2015. "The expected inflation channel of government spending in the postwar U.S," European Economic Review, Elsevier, vol. 74(C), pages 36-56.
    4. Gabriel Chodorow-Reich, 2017. "Geographic Cross-Sectional Fiscal Multipliers: What Have We Learned?," 2017 Meeting Papers 1214, Society for Economic Dynamics.
    5. Peter McCrory & Bill Dupor, 2015. "Fiscal Policy Spillovers: Points of Employment to Places of Residence," 2015 Meeting Papers 47, Society for Economic Dynamics.
    6. Dupor, Bill & Mehkari, M. Saif, 2016. "The 2009 Recovery Act: Stimulus at the extensive and intensive labor margins," European Economic Review, Elsevier, vol. 85(C), pages 208-228.

  12. Bill Dupor & M. Saif Mehkari, 2013. "The analytics of technology news shocks," Working Papers 2013-036, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Paul Beaudry & Franck Portier, 2014. "News Driven Business Cycles: Insights and Challenges," 2014 Meeting Papers 289, Society for Economic Dynamics.
    2. Munechika Katayama & Kwang Hwan Kim, 2018. "Intersectoral Labor Immobility, Sectoral Comovement, and News Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(1), pages 77-114, February.
    3. Ben Zeev, Nadav, 2018. "What can we learn about news shocks from the late 1990s and early 2000s boom-bust period?," Journal of Economic Dynamics and Control, Elsevier, vol. 87(C), pages 94-105.
    4. Christopher M. Gunn, 2018. "Overaccumulation, Interest, and Prices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(2-3), pages 479-511, March.
    5. Qureshi Hammad, 2014. "News shocks and learning-by-doing," The B.E. Journal of Macroeconomics, De Gruyter, vol. 14(1), pages 205-240, January.

  13. Bill Dupor & Andreas Lehnert, 2002. "Increasing returns and optimal oscillating labor supply," Finance and Economics Discussion Series 2002-22, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Guo Jang-Ting & Lansing Kevin J, 2003. "Globally-Stabilizing Fiscal Policy Rules," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 7(2), pages 1-15, July.

  14. Bill Dupor, 2000. "Investment and Interest Rate Policy," Econometric Society World Congress 2000 Contributed Papers 0007, Econometric Society.

    Cited by:

    1. Jess Benhabib & Stefano Eusepi, 2005. "The design of monetary and fiscal policy: a global perspective," Proceedings, Federal Reserve Bank of San Francisco.
    2. Thomas Lubik, 2003. "Investment Spending,Equilibrium Indeterminacy and the Interactions of Monetary and Fiscal Policy," Economics Working Paper Archive 490, The Johns Hopkins University,Department of Economics.
    3. Florin Bilbiie, 2008. "Limited Asset Market Participation, Monetary Policy and (Inverted) Aggregate Demand Logic," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00622865, HAL.
    4. Luis-Felipe Zanna, 2004. "PPP rules, macroeconomic (In)stability and learning," International Finance Discussion Papers 814, Board of Governors of the Federal Reserve System (U.S.).
    5. Edward Nelson, 2003. "Money and the transmission mechanism in the optimizing IS-LM specification," Working Papers 2003-019, Federal Reserve Bank of St. Louis.
    6. Thomas A. Lubik & Frank Schorfheide, 2004. "Testing for Indeterminacy: An Application to U.S. Monetary Policy," American Economic Review, American Economic Association, vol. 94(1), pages 190-217, March.
    7. Florin Bilbiie & F. Ghironi & M. Melitz, 2007. "Monetary Policy and Business Cycles With Endogenous Entry and Product Variety," Working Papers hal-00515664, HAL.
    8. Stephanie Schmitt-Grohé & Martín Uribe, 2006. "Optimal Simple and Implementable Monetary and Fiscal Rules: Expanded Version," NBER Working Papers 12402, National Bureau of Economic Research, Inc.
    9. Huang, Kevin X.D. & Meng, Qinglai & Xue, Jianpo, 2009. "Is forward-looking inflation targeting destabilizing? The role of policy's response to current output under endogenous investment," Journal of Economic Dynamics and Control, Elsevier, vol. 33(2), pages 409-430, February.
    10. Gokan, Yoichi & Turnovsky, Stephen J., 2023. "Taylor rules: Consequences for wealth and income inequality," Journal of Macroeconomics, Elsevier, vol. 77(C).
    11. Kühn, Stefan & Muysken, Joan, 2012. "Why inflation targeting central banks seem to follow a standard Taylor rule," Economics Letters, Elsevier, vol. 115(1), pages 28-30.
    12. Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2003. "Backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability," Proceedings, Federal Reserve Bank of Cleveland, pages 1379-1423.
    13. Bruckner, Matthias & Schabert, Andreas, 2006. "Can money matter for interest rate policy?," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2823-2857, December.
    14. Stephanie Schmitt‐Grohé & Martín Uribe, 2009. "Liquidity traps with global Taylor Rules," International Journal of Economic Theory, The International Society for Economic Theory, vol. 5(1), pages 85-106, March.
    15. Benhabib, Jess & Schmitt-Grohe, Stephanie & Uribe, Martin, 2001. "Chaotic Interest Rate Rules," Computing in Economics and Finance 2001 259, Society for Computational Economics.
    16. Virgiliu Midrigan, 2008. "Comment on "Monetary Policy and Business Cycles with Endogenous Entry and Product Variety"," NBER Chapters, in: NBER Macroeconomics Annual 2007, Volume 22, pages 355-365, National Bureau of Economic Research, Inc.
    17. Kevin X. D. Huang & Qinglai Meng, 2007. "Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules," Working Papers 07-4, Federal Reserve Bank of Philadelphia.
    18. Chen, Shu-Hua, 2015. "Macroeconomic (In)Stability Of Interest Rate Rules In A Model With Banking System And Reserve Markets," Macroeconomic Dynamics, Cambridge University Press, vol. 19(7), pages 1476-1508, October.
    19. Leith, Campbell & von Thadden, Leopold, 2008. "Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers," Journal of Economic Theory, Elsevier, vol. 140(1), pages 279-313, May.
    20. Barnett, William A. & Eryilmaz, Unal, 2022. "Monetary Policy and Determinacy: An Inquiry in Open Economy New Keynesian Framework," MPRA Paper 111567, University Library of Munich, Germany.
    21. Charles T. Carlstrom & Timothy S. Fuerst, 2003. "Investment and interest rate policy: a discrete time analysis," Working Papers (Old Series) 0320, Federal Reserve Bank of Cleveland.
    22. Stephen McKnight, 2011. "Investment and interest rate policy in the open economy," Serie documentos de trabajo del Centro de Estudios Económicos 2011-02, El Colegio de México, Centro de Estudios Económicos.
    23. Pedro Teles & Isabel Correia & Bernardino Adao, 2007. "Monetary Policy with Single Instrument Feedback Rules," 2007 Meeting Papers 622, Society for Economic Dynamics.
    24. Andreas Schabert, "undated". "Central bank Instruments, Fiscal Policy Regimes, and the Requirements for Equilibrium Determinacy," Working Papers 2003_5, Business School - Economics, University of Glasgow, revised Jan 2003.
    25. Sylvain Leduc & Keith Sill, 2007. "Monetary Policy, Oil Shocks, and TFP: Accounting for the Decline in U.S. Volatility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 595-614, October.
    26. Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Hermen Jan Hupkes, 2014. "Bounded interest rate feedback rules in continuous-time," Post-Print hal-01015388, HAL.
    27. Ippei Fujiwara & Yuki Teranishi, 2007. "A Dynamic New Keynesian Life-Cycle Model: Societal Ageing, Demographics and Monetary Policy," IMES Discussion Paper Series 07-E-04, Institute for Monetary and Economic Studies, Bank of Japan.
    28. Lawrence J. Christiano & Massimo Rostagno, 2001. "Money Growth Monitoring and the Taylor Rule," NBER Working Papers 8539, National Bureau of Economic Research, Inc.
    29. Charles T. Carlstrom & Timothy S. Fuerst, 2002. "Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis," American Economic Review, American Economic Association, vol. 92(2), pages 79-84, May.
    30. Stephanie Schmitt-Grohe & Martin Uribe, 2007. "Optimal simple and implementable monetary and fiscal rules," FRB Atlanta Working Paper 2007-24, Federal Reserve Bank of Atlanta.
    31. Sosunov, Kirill & Khramov, Vadim, 2008. "Monetary policy rules and indterminacy," MPRA Paper 11996, University Library of Munich, Germany.
    32. Jess Benhabib & Stephanie Schmitt-Grohe & Martin Uribe, 2004. "Chaotic Interest Rate Rules: Expanded Version," NBER Working Papers 10272, National Bureau of Economic Research, Inc.
    33. Paul Kitney, 2016. "Financial Factors and Monetary Policy: Determinacy and Learnability of Equilibrium," CAMA Working Papers 2016-41, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    34. John Duffy & Wei Xiao, 2011. "Investment and Monetary Policy: Learning and Determinacy of Equilibrium," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(5), pages 959-992, August.
    35. Chishti, Muhammad Zubair & Patel, Ritesh, 2023. "Breaking the climate deadlock: Leveraging the effects of natural resources on climate technologies to achieve COP26 targets," Resources Policy, Elsevier, vol. 82(C).
    36. Luis-Felipe Zanna & Marco Airaudo, 2005. "Learning about which measure of inflation to target," Computing in Economics and Finance 2005 176, Society for Computational Economics.
    37. Kurozumi, Takushi & Van Zandweghe, Willem, 2008. "Investment, interest rate policy, and equilibrium stability," Journal of Economic Dynamics and Control, Elsevier, vol. 32(5), pages 1489-1516, May.
    38. Peter Rupert & Roman Sustek, 2016. "On the Mechanics of New Keynesian Models," Discussion Papers 1608, Centre for Macroeconomics (CFM), revised Mar 2016.
    39. Branimir Kalaš & Boris Radovanov & Nada Milenković & Aleksandra Marcikić Horvat, 2024. "Macroeconomic Determinants of Circular Economy Investments: An ECM Approach," Sustainability, MDPI, vol. 16(15), pages 1-14, August.
    40. Ludger Linnemann & Andreas Schabert, 2006. "Monetary Policy and the Taylor Principle in Open Economies," International Finance, Wiley Blackwell, vol. 9(3), pages 343-367, December.
    41. Kitney, Paul, 2018. "Financial factors and monetary policy: Determinacy and learnability of equilibrium," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 194-207.
    42. Linnemann, Ludger, 2006. "Interest rate policy, debt, and indeterminacy with distortionary taxation," Journal of Economic Dynamics and Control, Elsevier, vol. 30(3), pages 487-510, March.
    43. Amberger, Korie, 2013. "The Role of Capital on Noise Shocks," MPRA Paper 46483, University Library of Munich, Germany.
    44. Yasuo Hirose, 2008. "Equilibrium Indeterminacy and Asset Price Fluctuation in Japan: A Bayesian Investigation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(5), pages 967-999, August.
    45. Thomas Lubik & Frank Schorfheide, 2002. "Testing for Indeterminacy in Linear Rational Expectations Models," Computing in Economics and Finance 2002 214, Society for Computational Economics.
    46. Christian A. Stoltenberg, 2012. "Real Balance Effects, Timing, and Equilibrium Determination," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(5), pages 981-994, August.
    47. Giannitsarou, Chryssi & Anagnostopoulos, Alexis, 2010. "Modelling Time And Macroeconomic Dynamics," CEPR Discussion Papers 8050, C.E.P.R. Discussion Papers.
    48. Gil, Pedro Mazeda & Iglésias, Gustavo & Guimarães, Luís, 2023. "Endogenous growth and monetary policy: How do interest-rate feedback rules shape nominal and real transitional dynamics?," Journal of International Money and Finance, Elsevier, vol. 138(C).
    49. Edward F. Buffie & Manoj Atolia, 2016. "Fiscal Adjustment and Inflation Targeting in Less Developed Countries," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(8), pages 1839-1875, December.
    50. Wai Ching Poon, 2010. "Augmented MCi: AN Indicator Of Monetary Policy Stance For ASEAN-5?," Monash Economics Working Papers 25-10, Monash University, Department of Economics.
    51. Schabert, Andreas & Stoltenberg, Christian, 2005. "Money demand and macroeconomic stability revisited," SFB 649 Discussion Papers 2005-027, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    52. Chang, Wen-ya & Tsai, Hsueh-fang & Chang, Juin-jen, 2011. "Interest rate rules and macroeconomic stability with transaction costs," International Review of Economics & Finance, Elsevier, vol. 20(4), pages 744-749, October.
    53. Xiao, Wei, 2008. "Increasing Returns And The Design Of Interest Rate Rules," Macroeconomic Dynamics, Cambridge University Press, vol. 12(1), pages 22-49, February.
    54. Kazuo Mino & Jun-ichi Itaya, 2004. "Interest-rate rule and multiple equilibria with endogenous growth," Economics Bulletin, AccessEcon, vol. 5(6), pages 1-8.
    55. Francesco Magris & Daria Onori, 2024. "Taylor and fiscal rules: When do they stabilize the economy?," Post-Print hal-04647696, HAL.
    56. Chin, Chi-Ting & Guo, Jang-Ting & Lai, Ching-Chong, 2009. "Macroeconomic (in)stability under real interest rate targeting," Journal of Economic Dynamics and Control, Elsevier, vol. 33(9), pages 1631-1638, September.
    57. Shu-Hua Chen, 2015. "Fiscal and Monetary Policies in a Transactions-Based Endogenous Growth Model with Imperfect Competition," The Japanese Economic Review, Japanese Economic Association, vol. 66(1), pages 89-111, March.
    58. Hippolyte d'Albis & Emmanuelle Augeraud-Véron & Hermen Jan Hupkes, 2012. "Backward- versus Forward-Looking Feedback Interest Rate Rules," Documents de travail du Centre d'Economie de la Sorbonne 12051, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    59. Mustafa Caglayan & Kostas Mouratidis & Elham Saeidinezhad, 2011. "Monetary policy effects on output and exchange rates: Results from US, UK and Japan," Working Papers 2011016, The University of Sheffield, Department of Economics.
    60. Li, Hong, 2008. "Estimation and testing of Euler equation models with time-varying reduced-form coefficients," Journal of Econometrics, Elsevier, vol. 142(1), pages 425-448, January.
    61. Tommy Sveen & Lutz Weinke, 2004. "Firm-Specific Investment, Sticky Prices, and the Taylor Principle," Working Paper 2004/12, Norges Bank.
    62. Benhabib, Jess & Eusepi, Stefano, 2005. "The design of monetary and fiscal policy: A global perspective," Journal of Economic Theory, Elsevier, vol. 123(1), pages 40-73, July.
    63. Gliksberg, Baruch, 2010. "The Role of Consumption-Labor Complementarity as a Source of Macroeconomic Instability," MPRA Paper 24816, University Library of Munich, Germany.
    64. Yoshiyasu Ono, 2008. "Determinacy of Equilibrium under Various Phillips Curves," ISER Discussion Paper 0706, Institute of Social and Economic Research, The University of Osaka.
    65. William A. Barnett & Unal Eryilmaz, 2023. "Monetary Policy and Determinacy: An Inquiry into Open Economy New Keynesian Macrodynamics," Open Economies Review, Springer, vol. 34(2), pages 217-253, April.
    66. Chen, Shu-hua & Shaw, Ming-fu & Lai, Ching-chong & Chang, Juin-jen, 2008. "Interest-rate rules and transitional dynamics in an endogenously growing open economy," Journal of International Money and Finance, Elsevier, vol. 27(1), pages 54-75, February.
    67. Buffie, Edward F., 2014. "The Taylor principle fights back, Part II," Journal of Economic Dynamics and Control, Elsevier, vol. 46(C), pages 30-49.
    68. Ludger Linnemann & Andreas Schabert, 2003. "Monetary Policy, Agency Costs and Output Dynamics," German Economic Review, Verein für Socialpolitik, vol. 4(3), pages 341-364, August.
    69. Tim Hursey & Alexander Wolman & Andreas Hornstein, 2014. "Monetary Policy and Global Equilibria in an Economy with Capital," 2014 Meeting Papers 733, Society for Economic Dynamics.
    70. Seiya Fujisaki & Kazuo Mino, 2008. "Income Taxation, Interest-Rate Control and Macroeconomic Stability with Balanced-Budget," Discussion Papers in Economics and Business 08-20, Osaka University, Graduate School of Economics.
    71. Chang Wen-ya & Tsai Hsueh-fang & Chang Juin-jen & Lin Hsieh-yu, 2018. "Interest rate rules and equilibrium (in)determinacy in a small open economy: the role of internationally traded capital," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(2), pages 1-18, June.
    72. Luis-Felipe Zanna, 2009. "Ppp Exchange Rate Rules, Macroeconomic (In)Stability, And Learning," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(4), pages 1103-1128, November.
    73. Benhabib, Jess & Carlstrom, Charles T. & Fuerst, Timothy S., 2005. "Introduction to monetary policy and capital accumulation," Journal of Economic Theory, Elsevier, vol. 123(1), pages 1-3, July.
    74. Kuehn, S. & Muysken, J., 2009. "Why inflation targeting central banks seem to follow a standard Taylor rule," Research Memorandum 058, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    75. Buffie, Edward F., 2013. "The Taylor principle fights back, Part I," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2771-2795.
    76. Ming-fu Shaw & Shu-hua Chen & Ching-chong Lai & Juin-jen Chang, 2004. "Interest Rate Rules, Target Policies, and Endogenous Economic Growth in an Open Economy," IEAS Working Paper : academic research 04-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    77. Bilbiie, Florin O. & Känzig, Diego R. & Surico, Paolo, 2022. "Capital and income inequality: An aggregate-demand complementarity," Journal of Monetary Economics, Elsevier, vol. 126(C), pages 154-169.
    78. Vines, David & Luk, Paul, 2015. "Optimal Monetary and Fiscal Policy in an Economy with Endogenous Public Debt," CEPR Discussion Papers 10580, C.E.P.R. Discussion Papers.
    79. Khalid, Norlin, 2018. "Monetary and Fiscal Regimes Policy Rules in a Discrete Time Model," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 95-108.
    80. Luis-Felipe Zanna, 2003. "Interest rate rules and multiple equilibria in the small open economy," International Finance Discussion Papers 785, Board of Governors of the Federal Reserve System (U.S.).
    81. Sveen, Tommy & Weinke, Lutz, 2013. "The Taylor principle in a medium-scale macroeconomic model," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 3034-3043.
    82. John Duffy & Wei Xiao, 2007. "Investment and Monetary Policy: Learning and Determinacy of Equilibrium," Working Paper 324, Department of Economics, University of Pittsburgh, revised Aug 2008.
    83. Kevin X.D. Huang & Qinglai Meng & Jianpo Xue, 2019. "Capital Income Taxation and Aggregate Instability," Vanderbilt University Department of Economics Working Papers 19-00007, Vanderbilt University Department of Economics.
    84. Sveen, Tommy & Weinke, Lutz, 2005. "New perspectives on capital, sticky prices, and the Taylor principle," Journal of Economic Theory, Elsevier, vol. 123(1), pages 21-39, July.
    85. Kremer, Jana, 2004. "Fiscal rules and monetary policy in a dynamic stochastic general equilibrium model," Discussion Paper Series 1: Economic Studies 2004,35, Deutsche Bundesbank.
    86. Kazuo Mino & Seiya Fujisaki, 2007. "Generalized Taylor Rule and Determinacy of Growth Equilibrium," Economics Bulletin, AccessEcon, vol. 5(11), pages 1-7.
    87. Mr. Vadim Khramov, 2012. "Assessing Dsge Models with Capital Accumulation and Indeterminacy," IMF Working Papers 2012/083, International Monetary Fund.

  15. Bill Dupor, 1999. "Keynesian conundrum: multiplicity and time consistent stabilization," Discussion Paper / Institute for Empirical Macroeconomics 131, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Patrick A. Pintus, 2008. "Laffer traps and monetary policy," Review, Federal Reserve Bank of St. Louis, vol. 90(May), pages 165-174.

Articles

  1. Bill Dupor, 2025. "The Volcker Tightening Cycle: Explaining the 1982 Course Reversal," Review, Federal Reserve Bank of St. Louis, January.

    Cited by:

    1. Alberto G. Musalem, 2025. "Remarks on the Economic Outlook and Monetary Policy," Speech 99640, Federal Reserve Bank of St. Louis.

  2. Bill Dupor, 2023. "Examining Long and Variable Lags in Monetary Policy," The Regional Economist, Federal Reserve Bank of St. Louis, May.

    Cited by:

    1. S. Borağan Aruoba & Thomas Drechsel, 2024. "The Long and Variable Lags of Monetary Policy: Evidence from Disaggregated Price Indices," NBER Chapters, in: Inflation in the COVID Era and Beyond, National Bureau of Economic Research, Inc.
    2. Peter Bofinger, 2024. "Fighting inflation with conventional and unconventional fiscal policy," IMK Studies 92-2024, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    3. Kevin L. Kliesen, 2023. "Risk Management in Monetary Policymaking: The 1994-95 Fed Tightening Episode," Working Papers 2023-030, Federal Reserve Bank of St. Louis.
    4. Alberto Vindas-Quesada & Carlos Brenes-Soto & Adriana Sandí-Esquivel & Susan Jiménez-Montero, 2024. "Univariate inflation forecasts in Costa Rica: model evaluation and selection," Notas Técnicas 2405, Banco Central de Costa Rica.

  3. Iris Arbogast & Bill Dupor, 2022. "Increasing Employment by Halting Pandemic Unemployment Benefits," Review, Federal Reserve Bank of St. Louis, vol. 104(3), pages 166-177, July.

    Cited by:

    1. Hamdi, Naser & Kalda, Ankit & Sovich, David, 2025. "Between a rock and a hard place: The costs and benefits of expanded unemployment insurance benefits," Journal of Public Economics, Elsevier, vol. 242(C).
    2. Iris Arbogast & Bill Dupor, 2022. "The Jobs Effect of Ending Pandemic Unemployment Benefits: A State-Level Analysis," Working Papers 2022-010, Federal Reserve Bank of St. Louis, revised 08 Feb 2023.

  4. Bill Dupor & Rodrigo Guerrero, 2021. "The Aggregate And Local Economic Effects Of Government Financed Health Care," Economic Inquiry, Western Economic Association International, vol. 59(2), pages 662-670, April.

    Cited by:

    1. Stephan D. Whitaker, 2023. "Understanding Migration Trends to Prepare for the Post-Pandemic Future," Cleveland Fed Regional Policy Report, Federal Reserve Bank of Cleveland, issue 20230801, pages 1-32, August.

  5. Bill Dupor, 2021. "How Recent Fiscal Interventions Compare with the New Deal," The Regional Economist, Federal Reserve Bank of St. Louis, July.

    Cited by:

    1. Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2023. "The Looming Fiscal Reckoning: Tax Distortions, Top Earners, and Revenues," CEPR Discussion Papers 17795, C.E.P.R. Discussion Papers.
    2. Aleksandr Arsenev & Meryem Gökten & Philipp Heimberger & Andreas Lichtenberger, 2024. "Full Employment: A Survey of Theory, Empirics and Policies," wiiw Working Papers 249, The Vienna Institute for International Economic Studies, wiiw.

  6. Bill Dupor, 2020. "Possible Fiscal Policies for Rare, Unanticipated, and Severe Viral Outbreaks," Economic Synopses, Federal Reserve Bank of St. Louis, issue 6, March.
    See citations under working paper version above.
  7. Bill Dupor & M. Saif Mehkari, 2020. "Schools and Stimulus," Review, Federal Reserve Bank of St. Louis, vol. 102(2), pages 145-171, May.
    See citations under working paper version above.
  8. Dupor, Bill & Li, Jingchao & Li, Rong, 2019. "Sticky wages, private consumption, and Fiscal multipliers," Journal of Macroeconomics, Elsevier, vol. 62(C).

    Cited by:

    1. Ogawa, Shogo, 2020. "Monetary Growth with Disequilibrium: a Non-Walrasian baseline model," MPRA Paper 101236, University Library of Munich, Germany.
    2. Jin, Hao & Wang, Junfeng, 2024. "The effects of a money-financed fiscal stimulus under fiscal stress," Journal of Macroeconomics, Elsevier, vol. 81(C).
    3. He, Congxian & Zhou, Can & Wen, Huwei, 2024. "Improving the consumer welfare of rural residents through public support policies: A study on old revolutionary areas in China," Socio-Economic Planning Sciences, Elsevier, vol. 91(C).
    4. Wenzhou Li & Liang Chen & Pengfei Sheng, 2022. "The tone from above: Does tunnelling by ultimate owners impinge on the relations between managerial compensation and earnings management?," Australian Economic Papers, Wiley Blackwell, vol. 61(4), pages 825-847, December.
    5. Givens, Gregory, 2019. "Unemployment, Partial Insurance, and the Multiplier Effects of Government Spending," MPRA Paper 96811, University Library of Munich, Germany.
    6. Ogawa, Shogo, 2022. "Capital and inventory investments under quantity constraints: A microfounded Metzlerian model," MPRA Paper 111906, University Library of Munich, Germany.
    7. Givens, Gregory & Tavoy, Reid, 2024. "Entry, unemployment, and the transmission of government spending shocks," MPRA Paper 121894, University Library of Munich, Germany.
    8. Yannis Dafermos & Andrew McConnel & Maria Nikolaidi & Servaas Storm & Boyan Yanovski, 2024. "Macroeconomic modeling in the Anthropocene: why the E-DSGE framework is not fit for purpose and what to do about it," Working Papers Series inetwp229, Institute for New Economic Thinking.
    9. Ogawa, Shogo & Sasaki, Hiroaki, 2020. "Numerical Analysis of the Disequilibrium Monetary Growth Model: Secular Stagnation, Slow Convergence, and Cyclical Fluctuations," MPRA Paper 103845, University Library of Munich, Germany.
    10. Ogawa, Shogo, 2024. "Perceived and expected quantity constraints in inventory dynamics," MPRA Paper 120629, University Library of Munich, Germany.
    11. Gabriel Temesgen Woldu, 2023. "The asymmetric effect of fiscal policy on private consumption and private investment over a business cycle: Evidence from Sub‐Saharan African countries," Regional Science Policy & Practice, Wiley Blackwell, vol. 15(6), pages 1147-1162, August.
    12. Ogawa, Shogo, 2022. "Survey of non-Walrasian disequilibrium economic theory," MPRA Paper 115011, University Library of Munich, Germany.
    13. Kong Yu & Sun Guo, 2023. "The Impact of Housing Rental Market Development on Household Consumption and Its Mechanism: Evidence from 69 Large- and Medium-Sized Cities in China," Land, MDPI, vol. 12(7), pages 1-13, July.
    14. Aursland, Thor Andreas & Frankovic, Ivan & Kanik, Birol & Saxegaard, Magnus, 2020. "State-dependent fiscal multipliers in NORA - A DSGE model for fiscal policy analysis in Norway," Economic Modelling, Elsevier, vol. 93(C), pages 321-353.

  9. Bill Dupor & Peter B. McCrory, 2018. "A Cup Runneth Over: Fiscal Policy Spillovers from the 2009 Recovery Act," Economic Journal, Royal Economic Society, vol. 128(611), pages 1476-1508, June.
    See citations under working paper version above.
  10. Dupor, Bill & Guerrero, Rodrigo, 2017. "Local and aggregate fiscal policy multipliers," Journal of Monetary Economics, Elsevier, vol. 92(C), pages 16-30.
    See citations under working paper version above.
  11. Bill Dupor, 2017. "The Recovery Act of 2009 vs. FDR's New Deal: Which Was Bigger?," The Regional Economist, Federal Reserve Bank of St. Louis, vol. 25(1).

    Cited by:

    1. Lim, Taekyoung & Guzman, Tatyana S. & Bowen, William M., 2020. "Rhetoric and Reality: Jobs and the Energy Provisions of the American Recovery and Reinvestment Act," Energy Policy, Elsevier, vol. 137(C).

  12. Bill Dupor, 2017. "So, Why Didn’t the 2009 Recovery Act Improve the Nation’s Highways and Bridges?," Review, Federal Reserve Bank of St. Louis, vol. 99(2), pages 169-182.

    Cited by:

    1. Emma Hooper & Sanjay Peters & Patrick A. Pintus, 2018. "The Causal Effect of Infrastructure Investments on Income Inequality: Evidence from US States," AMSE Working Papers 1801, Aix-Marseille School of Economics, France, revised May 2018.
    2. Chen, Zhuo & He, Zhiguo & Liu, Chun, 2020. "The financing of local government in China: Stimulus loan wanes and shadow banking waxes," Journal of Financial Economics, Elsevier, vol. 137(1), pages 42-71.
    3. Emma Hooper & Sanjay Peters & Patrick A. Pintus, 2020. "The Impact of Infrastructure Investments on Income Inequality: Evidence from US States," AMSE Working Papers 2019, Aix-Marseille School of Economics, France, revised Sep 2020.
    4. Vagliasindi,Maria & Gorgulu,Nisan, 2021. "What Have We Learned about the Effectiveness of Infrastructure Investment as a FiscalStimulus ? A Literature Review," Policy Research Working Paper Series 9796, The World Bank.
    5. Chunbing Cai & Jordan Roulleau-Pasdeloup, 2023. "Simple Analytics of the Government Investment Multiplier," Papers 2302.11212, arXiv.org, revised Sep 2023.
    6. Sheila Campbell & Chad Shirley, 2021. "Fiscal Substitution in Spending for Highway Infrastructure: Working Paper 2021-13," Working Papers 57430, Congressional Budget Office.
    7. Chodorow-Reich, Gabriel, 2020. "Regional data in macroeconomics: Some advice for practitioners," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    8. Angela Köppl & Margit Schratzenstaller-Altzinger, 2022. "Macroeconomic Effects of Green Recovery Programmes. Conceptual Framing and a Review of the Empirical Literature," WIFO Working Papers 646, WIFO.

  13. Bill Dupor & Guerrero Rodrigo, 2016. "Government Spending Might Not Create Jobs Even during Recessions," The Regional Economist, Federal Reserve Bank of St. Louis, issue July.

    Cited by:

    1. Javier Andrés & José E. Boscá & Javier Ferri & Cristina Fuentes-Albero, 2018. "Households' balance sheets and the effect of fiscal policy," Working Papers 1831, Banco de España.

  14. Dupor, Bill & Mehkari, M. Saif, 2016. "The 2009 Recovery Act: Stimulus at the extensive and intensive labor margins," European Economic Review, Elsevier, vol. 85(C), pages 208-228.
    See citations under working paper version above.
  15. Dupor, Bill & Li, Rong, 2015. "The expected inflation channel of government spending in the postwar U.S," European Economic Review, Elsevier, vol. 74(C), pages 36-56.
    See citations under working paper version above.
  16. Bill Dupor, 2015. "Liftoff and the Natural Rate of Interest," Economic Synopses, Federal Reserve Bank of St. Louis, issue 12.

    Cited by:

    1. Diego Mendez-Carbajo & Keith G. Taylor & Mark A. Bayles, 2017. "Building a Taylor Rule Using FRED," Journal of Economics Teaching, Journal of Economics Teaching, vol. 2(1), pages 14-29, June.
    2. Carlos Arteta & M. Ayhan Kose & Franziska Ohnsorge & Marc Stocker, 2015. "The Coming U.S. Interest Rate Tightening Cycle: Smooth Sailing or Stormy Waters?," Policy Research Notes (PRNs) 100014, The World Bank.
    3. Thomas Laubach & John C. Williams, 2015. "Measuring the natural rate of interest redux," Working Paper Series 2015-16, Federal Reserve Bank of San Francisco.
    4. Luis Ceballos & Jorge A. Fornero & Andrés Gatty, 2017. "Nuevas estimaciones de la tasa real neutral de Chile," Notas de Investigación Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 20(3), pages 120-143, December.
    5. Mikhail V. Oet & Kalle Lyytinen, 2017. "Does Financial Stability Matter to the Fed in Setting US Monetary Policy?," Review of Finance, European Finance Association, vol. 21(1), pages 389-432.
    6. James B. Bullard, 2016. "A New Characterization of the U.S. Macroeconomic and Monetary Policy Outlook : a speech at the Society of Business Economists Annual Dinner, London, United Kingdom, June 30, 2016," Speech 271, Federal Reserve Bank of St. Louis.
    7. James B. Bullard, 2018. "R-star wars: the phantom menace," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 53(2), pages 60-65, April.

  17. Bill Dupor, 2014. "The 2009 recovery act: directly created and saved jobs were primarily in government," Review, Federal Reserve Bank of St. Louis, vol. 96(2), pages 123-146.

    Cited by:

    1. Mario Crucini & Nam Vu, 2021. "Did the American Recovery and Reinvestment Act Help Counties Most Affected by the Great Recession?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 42, pages 264-282, October.
    2. Dupor, Bill & Mehkari, M. Saif, 2016. "The 2009 Recovery Act: Stimulus at the extensive and intensive labor margins," European Economic Review, Elsevier, vol. 85(C), pages 208-228.

  18. Dupor, Bill & Mehkari, M. Saif, 2014. "The analytics of technology news shocks," Journal of Economic Theory, Elsevier, vol. 153(C), pages 392-427.
    See citations under working paper version above.
  19. Conley, Timothy G. & Dupor, Bill, 2013. "The American Recovery and Reinvestment Act: Solely a government jobs program?," Journal of Monetary Economics, Elsevier, vol. 60(5), pages 535-549.

    Cited by:

    1. Jeffrey Clemens & Philip G. Hoxie & Stan Veuger, 2022. "Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments," NBER Working Papers 30168, National Bureau of Economic Research, Inc.
    2. Uhlig, Harald & Fratto, Chiara, 2014. "Accounting for Post-Crisis Inflation and Employment: A Retro Analysis," CEPR Discussion Papers 10306, C.E.P.R. Discussion Papers.
    3. Gerald A. Carlino & Robert P. Inman, 2015. "Fiscal stimulus in economic unions: what role for states?," Working Papers 15-41, Federal Reserve Bank of Philadelphia.
    4. Yoon‐Hee Ha & John Byrne, 2019. "The rise and fall of green growth: Korea's energy sector experiment and its lessons for sustainable energy policy," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 8(4), July.
    5. Fabian Gunzinger & Jan-Egbert Sturm, 2016. "It's Politics, Stupid! Political Constraints Determined Governments' Reactions to the Great Recession," Kyklos, Wiley Blackwell, vol. 69(4), pages 584-603, November.
    6. Steven Hall & Misa Nishikawa, 2018. "Alternation of parties in power and economic volatility: testing the rational partisan hypothesis and policy learning hypothesis," Economics of Governance, Springer, vol. 19(2), pages 91-118, May.
    7. Buchheim, Lukas & Watzinger, Martin, 2017. "The Employment Effects of Countercyclical Infrastructure Investments," Rationality and Competition Discussion Paper Series 20, CRC TRR 190 Rationality and Competition.
    8. Robert S. Chirinko & Daniel J. Wilson, 2023. "Job Creation Tax Credits, Fiscal Foresight, and Job Growth: Evidence from US States," National Tax Journal, University of Chicago Press, vol. 76(3), pages 481-523.
    9. Andrea Cerrato & Francesco Filippucci, 2022. "The Impact of Austerity Policies on Local Income: Evidence from Italian Municipalities," Working Papers halshs-03665241, HAL.
    10. Mario Crucini & Nam Vu, 2021. "Did the American Recovery and Reinvestment Act Help Counties Most Affected by the Great Recession?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 42, pages 264-282, October.
    11. Bill Dupor & Peter B. McCrory, 2018. "A Cup Runneth Over: Fiscal Policy Spillovers from the 2009 Recovery Act," Economic Journal, Royal Economic Society, vol. 128(611), pages 1476-1508, June.
    12. Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari, 2018. "Regional Consumption Responses and the Aggregate Fiscal Multiplier," Working Paper 18-4, Federal Reserve Bank of Richmond.
    13. Bill Dupor, 2013. "Creating jobs via the 2009 recovery act: state medicaid grants compared to broadly-directed spending," Working Papers 2013-035, Federal Reserve Bank of St. Louis.
    14. Dupor, Bill & Li, Rong, 2015. "The expected inflation channel of government spending in the postwar U.S," European Economic Review, Elsevier, vol. 74(C), pages 36-56.
    15. Gabriel Chodorow-Reich, 2017. "Geographic Cross-Sectional Fiscal Multipliers: What Have We Learned?," 2017 Meeting Papers 1214, Society for Economic Dynamics.
    16. Price V. Fishback, 2016. "How Successful Was the New Deal? The Microeconomic Impact of New Deal Spending and Lending Policies in the 1930s," NBER Working Papers 21925, National Bureau of Economic Research, Inc.
    17. Suzuki, Takafumi, 2021. "Capitalization of local government grants on land values: Evidence from Tokyo metropolitan area, Japan," Japan and the World Economy, Elsevier, vol. 60(C).
    18. Seth H. Giertz & Anil Kumar, 2024. "The local fiscal multiplier of intergovernmental grants: evidence from federal medicaid assistance to states," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(5), pages 1204-1228, October.
    19. Michihito Ando, 2017. "How much should we trust regression-kink-design estimates?," Empirical Economics, Springer, vol. 53(3), pages 1287-1322, November.
    20. Bill Dupor & Guerrero Rodrigo, 2017. "The Aggregate and Relative Economic Effects of Government Financed Health Care," Working Papers 2017-27, Federal Reserve Bank of St. Louis.
    21. Mario Alloza & Carlos Sanz, 2021. "Jobs Multipliers: Evidence from a Large Fiscal Stimulus in Spain," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(3), pages 751-779, July.
    22. Gerald A. Carlino & Robert P. Inman, 2014. "Macro fiscal policy in economic unions: states as agents," Working Papers 14-20, Federal Reserve Bank of Philadelphia.
    23. Joonkyu Choi & Veronika Penciakova & Felipe Saffie, 2021. "Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier," Finance and Economics Discussion Series 2021-005r1, Board of Governors of the Federal Reserve System (U.S.), revised Jul 2021.
    24. Thorsten Drautzburg & Harald Uhlig, 2011. "Fiscal Stimulus and Distortionary Taxation," NBER Working Papers 17111, National Bureau of Economic Research, Inc.
    25. Andrea Cerrato & Francesco Filippucci, 2022. "The Impact of Austerity Policies on Local Income: Evidence from Italian Municipalities," PSE Working Papers halshs-03665241, HAL.
    26. Chen, Zhuo & He, Zhiguo & Liu, Chun, 2020. "The financing of local government in China: Stimulus loan wanes and shadow banking waxes," Journal of Financial Economics, Elsevier, vol. 137(1), pages 42-71.
    27. Proebsting, Christian, 2022. "Market segmentation and spending multipliers," Journal of Monetary Economics, Elsevier, vol. 128(C), pages 1-19.
    28. Wilhelm, Matthias & Buchheim, Lukas & Watzinger, Martin, 2016. "Investment in Photovoltaics and Job Creation: Evidence from a Billion Dollar Program," VfS Annual Conference 2016 (Augsburg): Demographic Change 145551, Verein für Socialpolitik / German Economic Association.
    29. Bill Dupor & M. Saif Mehkari, 2015. "Schools and Stimulus," Working Papers 2015-4, Federal Reserve Bank of St. Louis.
      • Bill Dupor & M. Saif Mehkari, 2020. "Schools and Stimulus," Review, Federal Reserve Bank of St. Louis, vol. 102(2), pages 145-171, May.
    30. Chiara Fratto & Harald Uhlig, 2019. "Online Appendix to "Accounting for Post-Crisis Inflation: A Retro Analysis"," Online Appendices 18-217, Review of Economic Dynamics.
    31. Klaas Staal, 2020. "State-level Federal Stimulus Funds and Economic Growth: The American Recovery and Reinvestment Act," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 26(1), pages 33-43, February.
    32. Peter McCrory & Bill Dupor, 2015. "Fiscal Policy Spillovers: Points of Employment to Places of Residence," 2015 Meeting Papers 47, Society for Economic Dynamics.
    33. Lukas Buchheim, 2015. "Employment Effects of Stimulus Investments," 2015 Meeting Papers 1455, Society for Economic Dynamics.
    34. Dupor, Bill & Guerrero, Rodrigo, 2017. "Local and aggregate fiscal policy multipliers," Journal of Monetary Economics, Elsevier, vol. 92(C), pages 16-30.
    35. Kaiji Chen & Haoyu Gao & Patrick C. Higgins & Daniel F. Waggoner & Tao Zha, 2020. "Monetary Stimulus Amidst the Infrastructure Investment Spree: Evidence from China's Loan-Level Data," NBER Working Papers 27763, National Bureau of Economic Research, Inc.
    36. Sergio Destefanis & Mario Di Serio & Matteo Fragetta, 2020. "Regional multipliers across the Italian regions," Discussion Paper series in Regional Science & Economic Geography 2020-04, Gran Sasso Science Institute, Social Sciences, revised Jul 2020.
    37. Matteo Ficarra, 2024. "Public Spending, Green Growth, and Corruption: a Local Fiscal Multiplier Analysis for Italian Provinces," IHEID Working Papers 11-2024, Economics Section, The Graduate Institute of International Studies.
    38. Kameda, Taisuke & Namba, Ryoichi & Tsuruga, Takayuki, 2021. "Decomposing local fiscal multipliers: Evidence from Japan," Japan and the World Economy, Elsevier, vol. 57(C).
    39. Bessho, Shun-ichiro, 2021. "Local fiscal multipliers and population aging in Japan," Japan and the World Economy, Elsevier, vol. 60(C).
    40. Gerald Carlino & Nicholas Zarra & Robert Inman & Thorsten Drautzburg, 2019. "Fiscal Policy in Monetary Unions: State Partisanship and its Macroeconomic Effects," 2019 Meeting Papers 434, Society for Economic Dynamics.
    41. Marianna Kudlyak & M. Saif Mehkari & Bill Dupor & Marios Karabarbounis, 2017. "The Effect of the Recovery Act on Consumer Spending," 2017 Meeting Papers 707, Society for Economic Dynamics.
    42. Bill Dupor, 2015. "Local Fiscal Multipliers, Negative Spillovers and the Macroeconomy," Working Papers 2015-26, Federal Reserve Bank of St. Louis.
    43. Aycan Katitas & Sonal Pandya, 2024. "Investment incentives attract foreign direct investment: evidence from the great recession," Public Choice, Springer, vol. 200(1), pages 323-345, July.
    44. Dupor, Bill & Mehkari, M. Saif, 2016. "The 2009 Recovery Act: Stimulus at the extensive and intensive labor margins," European Economic Review, Elsevier, vol. 85(C), pages 208-228.
    45. Manuel Adelino & Igor Cunha & Miguel A. Ferreira, 2017. "The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration," The Review of Financial Studies, Society for Financial Studies, vol. 30(9), pages 3223-3268.
    46. Garin, Andrew, 2019. "Putting America to work, where? Evidence on the effectiveness of infrastructure construction as a locally targeted employment policy," Journal of Urban Economics, Elsevier, vol. 111(C), pages 108-131.
    47. Andrew Hughes Hallett & Ansgar Rannenberg & Sven Schreiber, 2017. "Reassessing the Impact of the US Fiscal Stimulus: The Role of the Monetary Policy Stance," International Business Research, Canadian Center of Science and Education, vol. 10(4), pages 12-31, April.
    48. Li, Rong & Zhou, Yijiang, 2021. "Estimating local fiscal multipliers using political connections," China Economic Review, Elsevier, vol. 66(C).
    49. Bill Dupor, 2017. "So, Why Didn’t the 2009 Recovery Act Improve the Nation’s Highways and Bridges?," Review, Federal Reserve Bank of St. Louis, vol. 99(2), pages 169-182.
    50. Maarten De Ridder & Simona Hannon & Damjan Pfajfar, 2020. "The Multiplier Effect of Education Expenditure," Finance and Economics Discussion Series 2020-058, Board of Governors of the Federal Reserve System (U.S.).
    51. Doniger, Cynthia L. & Kay, Benjamin, 2023. "Long-lived employment effects of delays in emergency financing for small businesses," Journal of Monetary Economics, Elsevier, vol. 140(C), pages 78-91.
    52. Zhao, Li & Gao, Zhengye & Ren, Shenggang, 2024. "The effects of long–distance power transmission on employment growth: Empirical evidence from ultra–high voltage projects of China," Energy Economics, Elsevier, vol. 138(C).
    53. Jan K. Brueckner & Steven G. Craig & Kangoh Lee, 2021. "Regionalism Meets Samuelson: Local Production of a National Public Good," Economica, London School of Economics and Political Science, vol. 88(349), pages 1-31, January.
    54. Carlino, Gerald & Drautzburg, Thorsten & Inman, Robert & Zarra, Nicholas, 2020. "Partisanship and Fiscal Policy in Federal Unions: Evidence from US States," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224550, Verein für Socialpolitik / German Economic Association.
    55. Tomomi Miyazaki & Haruo Kondoh, 2022. "Effects of Monetary and Fiscal Policy Interactions on Regional Employment: Evidence from Japan," Discussion Papers 2206, Graduate School of Economics, Kobe University.
    56. Thorsten Drautzburg & Harald Uhlig, 2015. "Online Appendix to "Fiscal Stimulus and Distortionary Taxation"," Online Appendices 14-44, Review of Economic Dynamics.
    57. Bill Dupor, 2014. "The 2009 recovery act: directly created and saved jobs were primarily in government," Review, Federal Reserve Bank of St. Louis, vol. 96(2), pages 123-146.
    58. Josh Matti & Amir B. Ferreira Neto, 2023. "Consolidated city–county governments and economic stability," Economics of Governance, Springer, vol. 24(3), pages 263-286, September.
    59. Rong Li, 2017. "Putting Government Spending Shocks under the Microscope: Standard Vector Autoregression versus the Narrative Approach," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 73(3), pages 237-254, September.
    60. Marios Karabarbounis & Marianna Kudlyak & M. Saif Mehkari & Bill Dupor, 2016. "Government Spending and Consumption at the Zero Lower Bound: Evidence from Household Retail Purchase Data," 2016 Meeting Papers 1463, Society for Economic Dynamics.
    61. Bill Dupor & Rodrigo Guerrero, 2021. "The Aggregate And Local Economic Effects Of Government Financed Health Care," Economic Inquiry, Western Economic Association International, vol. 59(2), pages 662-670, April.
    62. Barbara Klein & Klaas Staal, 2017. "Was the American Recovery and Reinvestment Act an Economic Stimulus?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 23(4), pages 395-404, November.
    63. Howoldt, David, 2024. "Characterising innovation policy mixes in innovation systems," Research Policy, Elsevier, vol. 53(2).

  20. Bill Dupor & Tomiyuki Kitamura & Takayuki Tsuruga, 2010. "Integrating Sticky Prices and Sticky Information," The Review of Economics and Statistics, MIT Press, vol. 92(3), pages 657-669, August.

    Cited by:

    1. Yasufumi Gemma & Takushi Kurozumi & Mototsugu Shintani, 2023. "Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 506-520, December.
    2. Shoji, Toshiaki, 2022. "Menu costs and information rigidity: Evidence from the consumption tax hike in Japan," Journal of Macroeconomics, Elsevier, vol. 72(C).
    3. Benjamin D. Keen & Evan F. Koenig, 2018. "How Robust Are Popular Models of Nominal Frictions?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(6), pages 1299-1342, September.
    4. Lewis, Vivien & Poilly, Céline, 2012. "Firm entry, markups and the monetary transmission mechanism," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 670-685.
    5. Crucini, Mario J. & Shintani, Mototsugu & Tsuruga, Takayuki, 2010. "Accounting for persistence and volatility of good-level real exchange rates: The role of sticky information," Journal of International Economics, Elsevier, vol. 81(1), pages 48-60, May.
    6. Francesco Zanetti & Tatsushi Okuda & Tomohiro Tsuruga, 2019. "Imperfect Information, Shock Heterogeneity, and Inflation Dynamics," Economics Series Working Papers 881, University of Oxford, Department of Economics.
    7. Ryo Kato & Tatsushi Okuda, 2017. "Market Concentration and Sectoral Inflation under Imperfect Common Knowledge," IMES Discussion Paper Series 17-E-11, Institute for Monetary and Economic Studies, Bank of Japan.
    8. Tomiyuki Kitamura & Masaki Tanaka, 2019. "Firms' Inflation Expectations under Rational Inattention and Sticky Information: An Analysis with a Small-Scale Macroeconomic Model," Bank of Japan Working Paper Series 19-E-16, Bank of Japan.
    9. Olivier Coibion & Yuriy Gorodnichenko & Rupal Kamdar, 2017. "The Formation of Expectations, Inflation and the Phillips Curve," NBER Working Papers 23304, National Bureau of Economic Research, Inc.
    10. Hur, Joonyoung & Kim, Insu, 2017. "Inattentive agents and disagreement about economic activity," Economic Modelling, Elsevier, vol. 63(C), pages 175-190.
    11. Edward S. Knotek, 2019. "The Roles of Price Points and Menu Costs in Price Rigidity," Working Papers 19-23, Federal Reserve Bank of Cleveland.
    12. Carrillo, Julio A., 2012. "How well does sticky information explain the dynamics of inflation, output, and real wages?," Journal of Economic Dynamics and Control, Elsevier, vol. 36(6), pages 830-850.
    13. Casarin, Roberto & Costantini, Mauro & Paradiso, Antonio, 2021. "On the role of dependence in sticky price and sticky information Phillips curve: Modelling and forecasting," Economic Modelling, Elsevier, vol. 105(C).
    14. Tsz H. Hung & Yum K. Kwan, 2022. "Hong Kong's New Keynesian Phillips Curve: Sticky information or sticky price?," Pacific Economic Review, Wiley Blackwell, vol. 27(1), pages 42-55, February.
    15. Bredemeier, Christian & Goecke, Henry, 2011. "Sticky Prices vs. Sticky Information – A Cross-Country Study of Inflation Dynamics," Ruhr Economic Papers 255, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    16. Drissi, Ramzi & Ghassan, Hassan B., 2018. "Sticky Price versus Sticky Information Price: Empirical Evidence in the New Keynesian Setting," MPRA Paper 93075, University Library of Munich, Germany, revised Apr 2019.
    17. Ding, Sitong, 2018. "Bounded rationality in rules of price adjustment and the Phillips Curve," LSE Research Online Documents on Economics 102080, London School of Economics and Political Science, LSE Library.
    18. Takushi Kurozumi & Willem Van Zandweghe, 2023. "A Theory of Intrinsic Inflation Persistence," Bank of Japan Working Paper Series 23-E-3, Bank of Japan.
    19. Arslan, M. Murat, 2010. "Relative importance of sticky prices and sticky information in price setting," Economic Modelling, Elsevier, vol. 27(5), pages 1124-1135, September.
    20. Yoshiyuki Nakazono, 2016. "Inflation expectations and monetary policy under disagreements," Bank of Japan Working Paper Series 16-E-1, Bank of Japan.
    21. Kim, Insu & Kim, Young Se, 2019. "Inattentive agents and inflation forecast error dynamics: A Bayesian DSGE approach," Journal of Macroeconomics, Elsevier, vol. 62(C).
    22. Goecke, Henry & Luhan, Wolfgang J. & Roos, Michael W.M., 2013. "Rational inattentiveness in a forecasting experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 80-89.
    23. Tatsushi Okuda & Tomohiro Tsuruga & Francesco Zanetti, 2021. "Imperfect Information, Heterogeneous Demand Shocks,and Inflation Dynamics," Economics Series Working Papers 934, University of Oxford, Department of Economics.
    24. Shin-Ichi Nishiyama, 2011. "How Important are Financial Shocks for the Canadian Business Cycle?," TERG Discussion Papers 276, Graduate School of Economics and Management, Tohoku University.
    25. Teles, Pedro & Tristani, Oreste, 2024. "The Monetary Financing of a Large Fiscal Shock," CEPR Discussion Papers 18887, C.E.P.R. Discussion Papers.
    26. Hahn, Volker & Marenčák, Michal, 2020. "Price points and price dynamics," Journal of Monetary Economics, Elsevier, vol. 115(C), pages 127-144.
    27. Waldyr D Areosa, 2016. "What drives inflation expectations in Brazil? Public versus private information," BIS Working Papers 544, Bank for International Settlements.
    28. Fernando Alvarez & Francesco Lippi & Luigi Paciello, 2018. "Monetary shocks in models with observation and menu costs," Journal of the European Economic Association, European Economic Association, vol. 16(2), pages 353-382.
    29. Junichi Kikuchi & Yoshiyuki Nakazono, 2023. "The Formation of Inflation Expectations: Microdata Evidence from Japan," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(6), pages 1609-1632, September.
    30. Xu, Yingying & Chang, Hsu-Ling & Lobonţ, Oana-Ramona & Su, Chi-Wei, 2016. "Modeling heterogeneous inflation expectations: empirical evidence from demographic data?," Economic Modelling, Elsevier, vol. 57(C), pages 153-163.
    31. Yingying Xu & Zhi-Xin Liu & Hsu-Ling Chang & Adelina Dumitrescu Peculea & Chi-Wei Su, 2017. "Does self-fulfilment of the inflation expectation exist?," Applied Economics, Taylor & Francis Journals, vol. 49(11), pages 1098-1113, March.
    32. Tomiyuki Kitamura & Tamon Takamura, 2016. "Output Comovement and Inflation Dynamics in a Two-Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor Markets," Staff Working Papers 16-36, Bank of Canada.
    33. Yingying XU & Zhixin LIU & Jaime ORTIZ, 2018. "Actual and Expected Inflation in the U.S.: A Time-Frequency View," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 42-62, December.
    34. Fernando Alvarez & Francesco Lippi & Luigi Paciello, 2015. "Phillips curves with observation and menu costs," EIEF Working Papers Series 1508, Einaudi Institute for Economics and Finance (EIEF), revised Jul 2015.
    35. Torres Torres, Diego José, 2009. "The Dual Stickiness Model and Inflation Dynamics in Spain," MPRA Paper 18031, University Library of Munich, Germany.
    36. Choi, Yoonseok & Kim, Sunghyun, 2016. "Testing an alternative price-setting behavior in the new Keynesian Phillips curve: Extrapolative price-setting mechanism," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 253-265.
    37. M. Murat Arslan, 2013. "Optimal Monetary Policy With The Sticky Information Model Of Price Adjustment: Inflation Or Price-Level Targeting?," Bulletin of Economic Research, Wiley Blackwell, vol. 65, pages 106-129, May.
    38. Vereda, Luciano & Savignon, João & Gouveia da Silva, Tarciso, 2021. "A new method to assess the degree of information rigidity using fixed-event forecasts," International Journal of Forecasting, Elsevier, vol. 37(4), pages 1576-1589.

  21. Dupor, Bill & Han, Jing & Tsai, Yi-Chan, 2009. "What do technology shocks tell us about the New Keynesian paradigm?," Journal of Monetary Economics, Elsevier, vol. 56(4), pages 560-569, May.

    Cited by:

    1. Slobodyan, Sergey & Wouters, Raf, 2012. "Learning in an estimated medium-scale DSGE model," Journal of Economic Dynamics and Control, Elsevier, vol. 36(1), pages 26-46.
    2. Takashi Kano & James M. Nason, 2014. "Business Cycle Implications of Internal Consumption Habit for New Keynesian Models," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(2-3), pages 519-544, March.
    3. Lawrence Christiano & Mathias Trabandt & Karl Walentin, 2021. "Involuntary Unemployment and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 26-54, January.
    4. Pablo Guerron-Quintana & Atsushi Inoue & Lutz Kilian, 2016. "Impulse Response Matching Estimators for DSGE Models," CESifo Working Paper Series 5730, CESifo.
    5. Poghosyan, K., 2012. "Structural and reduced-form modeling and forecasting with application to Armenia," Other publications TiSEM ad1a24c3-15e6-4f04-b338-3, Tilburg University, School of Economics and Management.
    6. Matthias Gubler & Matthias S. Hertweck, 2013. "Commodity Price Shocks and the Business Cycle: Structural Evidence for the U.S," Working Papers 2013-05, Swiss National Bank.
    7. Lawrence J. Christiano & Mathias Trabandt & Karl Walentin, 2010. "DSGE models for monetary policy analysis," FRB Atlanta CQER Working Paper 2010-02, Federal Reserve Bank of Atlanta.
    8. Ricardo Reis, 2009. "Optimal Monetary Policy Rules in an Estimated Sticky-Information Model," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(2), pages 1-28, July.
    9. Luigi Paciello, 2011. "Does Inflation Adjust Faster to Aggregate Technology Shocks than to Monetary Policy Shocks?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(8), pages 1663-1684, December.
    10. Hikaru Saijo, 2019. "Technology Shocks and Hours Revisited: Evidence from Household Data," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 31, pages 347-362, January.
    11. Carrillo, Julio A., 2012. "How well does sticky information explain the dynamics of inflation, output, and real wages?," Journal of Economic Dynamics and Control, Elsevier, vol. 36(6), pages 830-850.
    12. Luigi Paciello, 2012. "Monetary Policy and Price Responsiveness to Aggregate Shocks under Rational Inattention," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(7), pages 1375-1399, October.
    13. Hall, Alastair & Inoue, Atsushi & Nason M, James & Rossi, Barbara, 2007. "Information Criteria for Impulse Response Function Matching Estimation of DSGE Models," Working Papers 07-04, Duke University, Department of Economics.
    14. Danthine, Jean-Pierre & Kurmann, André, 2010. "The business cycle implications of reciprocity in labor relations," Journal of Monetary Economics, Elsevier, vol. 57(7), pages 837-850, October.
    15. Poghosyan, K. & Boldea, O., 2011. "Structural versus Matching Estimation : Transmission Mechanisms in Armenia," Discussion Paper 2011-104, Tilburg University, Center for Economic Research.
    16. Anmol Bhandari & Jaroslav Borovička & Paul Ho, 2025. "Survey Data and Subjective Beliefs in Business Cycle Models," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 92(3), pages 1375-1437.
    17. Prabheesh, K.P. & Vidya, C.T., 2018. "Do business cycles, investment-specific technology shocks matter for stock returns?," Economic Modelling, Elsevier, vol. 70(C), pages 511-524.
    18. Jouchi Nakajima & Nao Sudo & Takayuki Tsuruga, 2010. "How well do the sticky price models explain the disaggregated price responses to aggregate technology and monetary policy shocks?," IMES Discussion Paper Series 10-E-22, Institute for Monetary and Economic Studies, Bank of Japan.
    19. Andrey Polbin & Sergey Sinelnikov-Murylev, 2023. "Developing and impulse response matching estimation of the DSGE model for the Russian economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 182P, pages 1-53.
    20. Olivier Coibion & Yuriy Gorodnichenko, 2008. "What Can Survey Forecasts Tell Us About Informational Rigidities?," NBER Working Papers 14586, National Bureau of Economic Research, Inc.
    21. Nan-Kuang Chen & Han-Liang Cheng & Ching-Sheng Mao, 2011. "House Price, Mortgage Premium, and Business Fluctuations," Working Papers 192011, Hong Kong Institute for Monetary Research.
    22. Olivier Coibion & Yuriy Gorodnichenko, 2010. "Strategic Interaction among Heterogeneous Price-Setters in an Estimated DSGE Model," Working Papers 93, Economics Department, William & Mary.
    23. Paciello, Luigi, 2009. "Monetary Policy Activism and Price Responsiveness to Aggregate Shocks under Rational Inattention," MPRA Paper 16407, University Library of Munich, Germany.
    24. Francisco Blasques & Artem Duplinskiy, 2015. "Penalized Indirect Inference," Tinbergen Institute Discussion Papers 15-009/III, Tinbergen Institute.
    25. Pedro Garcia Duarte & Gilberto Tadeu Lima, 2012. "Microfoundations Reconsidered," Books, Edward Elgar Publishing, number 14869.
    26. Daniil Lomonosov, 2023. "Shocks of Business Activity and Specific Shocks to Oil Market in DSGE Model of Russian Economy and Their Influence Under Different Monetary Policy Regimes," Russian Journal of Money and Finance, Bank of Russia, vol. 82(4), pages 44-79, December.
    27. Francisco RUGE-MURCIA, 2014. "Indirect Inference Estimation of Nonlinear Dynamic General Equilibrium Models : With an Application to Asset Pricing under Skewness Risk," Cahiers de recherche 15-2014, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    28. Pedro Garcia Duarte, 2012. "Not Going Away? Microfoundations in the Making of a New Consensus in Macroeconomics," Chapters, in: Microfoundations Reconsidered, chapter 6, Edward Elgar Publishing.
    29. Julia K. Thomas & Aubhik Khan, 2008. "(S,s) inventories, state-dependent prices and the propagation of nominal shocks," 2008 Meeting Papers 947, Society for Economic Dynamics.
    30. Christopher Malikane & Tshepo Mokoka, 2014. "The new Keynesian Phillips curve: endogeneity and misspecification," Applied Economics, Taylor & Francis Journals, vol. 46(25), pages 3082-3089, September.
    31. Koursaros, Demetris & Michail, Nektarios & Savva, Christos, 2024. "Examining the behaviour of inflation to supply and demand shocks using an MS-VAR model," Economic Modelling, Elsevier, vol. 141(C).

  22. Dupor, Bill, 2005. "Stabilizing non-fundamental asset price movements under discretion and limited information," Journal of Monetary Economics, Elsevier, vol. 52(4), pages 727-747, May.

    Cited by:

    1. Marco Airaudo & Salvatore Nisticò & Luis‐Felipe Zanna, 2015. "Learning, Monetary Policy, and Asset Prices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(7), pages 1273-1307, October.
    2. Lansing, Kevin J., 2012. "Speculative growth, overreaction, and the welfare cost of technology-driven bubbles," Journal of Economic Behavior & Organization, Elsevier, vol. 83(3), pages 461-483.
    3. Lambertini, Luisa & Mendicino, Caterina & Teresa Punzi, Maria, 2013. "Leaning against boom–bust cycles in credit and housing prices," Journal of Economic Dynamics and Control, Elsevier, vol. 37(8), pages 1500-1522.
    4. Burlon, L. & Gerali, A. & Notarpietro, A. & Pisani, M., 2018. "Non-standard monetary policy, asset prices and macroprudential policy in a monetary union," Journal of International Money and Finance, Elsevier, vol. 88(C), pages 25-53.
    5. Pierpaolo Benigno & Luigi Paciello, 2010. "Monetary Policy, Doubts and Asset Prices," EIEF Working Papers Series 1024, Einaudi Institute for Economics and Finance (EIEF), revised Sep 2010.
    6. Jose Garcia Revelo & Grégory Levieuge, 2022. "When could Macroprudential and Monetary Policies be in Conflict?," Post-Print hal-03857504, HAL.
    7. Mishkin, Frederic S., 2017. "Rethinking monetary policy after the crisis," Journal of International Money and Finance, Elsevier, vol. 73(PB), pages 252-274.
    8. Hyun Song Shin, 2014. "Adapting Macroprudential Policies to Global Liquidity Conditions," Central Banking, Analysis, and Economic Policies Book Series, in: Miguel Fuentes D. & Claudio E. Raddatz & Carmen M. Reinhart (ed.),Capital Mobility and Monetary Policy, edition 1, volume 18, chapter 2, pages 25-67, Central Bank of Chile.
    9. Benjamin Eden, 2019. "Real interest policy and the housing cycle," Vanderbilt University Department of Economics Working Papers 19-00002, Vanderbilt University Department of Economics.
    10. Fendoğlu, Salih, 2014. "Optimal monetary policy rules, financial amplification, and uncertain business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 46(C), pages 271-305.
    11. Thomas M. Mertens & Tarek A. Hassan, 2010. "The Social Cost of Near-Rational Investment," 2010 Meeting Papers 370, Society for Economic Dynamics.
    12. Stefan Avdjiev & Patrick McGuire, 2012. "The Social Value of Policy Signals," BIS Working Papers 386, Bank for International Settlements.
    13. Colin Caines & Fabian Winkler, 2019. "Asset Price Beliefs and Optimal Monetary Policy," 2019 Meeting Papers 713, Society for Economic Dynamics.
    14. Paolo Gelain & Kevin J. Lansing & Caterina Mendicino, 2012. "House prices, credit growth, and excess volatility: implications for monetary and macroprudential policy," Working Paper Series 2012-11, Federal Reserve Bank of San Francisco.
    15. Detken, Carsten & Smets, Frank, 2004. "Asset price booms and monetary policy," Working Paper Series 364, European Central Bank.
    16. Airaudo, Marco & Cardani, Roberta & Lansing, Kevin J., 2013. "Monetary policy and asset prices with belief-driven fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 37(8), pages 1453-1478.
    17. Claudio Borio, 2011. "Rediscovering the Macroeconomic Roots of Financial Stability Policy: Journey, Challenges, and a Way Forward," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 87-117, December.
    18. Joon-Ho Hahm & Frederic S. Mishkin & Hyun Song Shin & Kwanho Shin, . "Macroprudential policies in open emerging economies," Proceedings, Federal Reserve Bank of San Francisco.
    19. Michael Berlemann & Julia Freese, 2010. "Monetary Policy and Real Estate Prices: A Disaggregated Analysis for Switzerland," Working Paper 105/2010, Helmut Schmidt University, Hamburg.
    20. G. C. Lim & Paul D. McNelis, 2006. "Inflation Targeting, Learning and Q Volatility in Small Open Economies," Melbourne Institute Working Paper Series wp2006n22, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    21. Adams, Jonathan J., 2023. "Moderating noise-driven macroeconomic fluctuations under dispersed information," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    22. Luik Marc-Andre & Wesselbaum Dennis, 2021. "Did the FED React to Asset Price Bubbles?," The B.E. Journal of Macroeconomics, De Gruyter, vol. 21(2), pages 745-772, June.
    23. Eckhard Platen & Willi Semmler, 2009. "Asset Markets and Monetary Policy," Research Paper Series 247, Quantitative Finance Research Centre, University of Technology, Sydney.
    24. Simon Wren-Lewis & Campbell Leith, 2007. "The Optimal Monetary Policy Response to Exchange Rate Misalignments," Economics Series Working Papers 305, University of Oxford, Department of Economics.
    25. Hansen, James, 2018. "Optimal monetary policy with capital and a financial accelerator," Journal of Economic Dynamics and Control, Elsevier, vol. 92(C), pages 84-102.
    26. Robert S. Chirinko & Huntley Schaller, 2011. "Fundamentals, Misvaluation, and Business Investment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(7), pages 1423-1442, October.
    27. Grossi, Michele & Tamborini, Roberto, 2011. "Stock prices and monetary policy: Re-examining the issue in a New Keynesian model with endogenous investment," Economics Discussion Papers 2011-54, Kiel Institute for the World Economy (IfW Kiel).
    28. Fredric Mishkin, 2011. "How Should Central Banks Respond to Asset-Price Bubbles? The 'Lean' versus 'Clean' Debate After the GFC," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 59-70, June.
    29. Joon-Ho Hahm & Frederic S. Mishkin & Hyun Song Shin & Kwanho Shin, 2012. "Macroprudential Policies in Open Emerging Economies," NBER Working Papers 17780, National Bureau of Economic Research, Inc.
    30. Fernando Alexandre & Vasco J. Gabriel & Pedro Bação, 2008. "Taylor-type rules versus optimal policy in a Markov-switching economy," NIPE Working Papers 15/2008, NIPE - Universidade do Minho.
    31. Frederic S. Mishkin, 2007. "\"Housing and the monetary transmission mechanism,\" Finance and Economics Discussion Series Working Paper: a speech at the Federal Reserve Bank of Kansas City's Economic Symposium, Jackson ," Speech 312, Board of Governors of the Federal Reserve System (U.S.).
    32. George-Marios Angeletos & Guido Lorenzoni & Alessandro Pavan, 2007. "Wall Street and Silicon Valley: A Delicate Interaction," NBER Working Papers 13475, National Bureau of Economic Research, Inc.
    33. Claudio BORIO & Piti DISYATAT, 2010. "Global Imbalances and the Financial Crisis: Reassessing the Role of International Finance," Asian Economic Policy Review, Japan Center for Economic Research, vol. 5(2), pages 198-216, December.
    34. Ioanna Kokores, 2015. "Lean-Against-the-Wind Monetary Policy: The Post-Crisis Shift in the Literature," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 65(3-4), pages 66-99, july-Dece.
    35. Frederic S. Mishkin, 2011. "Monetary Policy Strategy: Lessons from the Crisis," NBER Working Papers 16755, National Bureau of Economic Research, Inc.
    36. John R. Conlon, 2015. "Should Central Banks Burst Bubbles? Some Microeconomic Issues," Economic Journal, Royal Economic Society, vol. 125(582), pages 141-161, February.
    37. George-Marios Angeletos & Guido Lorenzoni & Alessandro Pavan, 2010. "Beauty Contests and "Irrational Exuberance": A Neoclassical Approach," Discussion Papers 1502, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    38. Simon Gilchrist & Masashi Saito, 2008. "Expectations, Asset Prices, and Monetary Policy: The Role of Learning," NBER Chapters, in: Asset Prices and Monetary Policy, pages 45-102, National Bureau of Economic Research, Inc.
    39. Frederic S. Mishkin, 2007. "Housing and the Monetary Transmission Mechanism," NBER Working Papers 13518, National Bureau of Economic Research, Inc.
    40. Kenneth Kuttner, 2011. "Monetary Policy and Asset Price Volatility: Should We Refill the Bernanke-Gertler Prescription?," Department of Economics Working Papers 2011-04, Department of Economics, Williams College, revised Jun 2011.
    41. Rodrigo Caputo & Juan Pablo Medina & Claudio Soto., 2010. "The Financial Accelerator Under Learning and The Role of Monetary Policy," Working Papers Central Bank of Chile 590, Central Bank of Chile.
    42. Lukáš Pfeifer & Zdeněk Pikhart, 2014. "Vztah finanční a cenové stability v podmínkách ČR [The Relationship of Financial and Price Stability in the Context of the Czech Republic]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(1), pages 49-66.
    43. Apostolakis, George & Papadopoulos, Athanasios P., 2015. "Financial stress spillovers across the banking, securities and foreign exchange markets," Journal of Financial Stability, Elsevier, vol. 19(C), pages 1-21.
    44. William Gatt, 2018. "Housing boom-bust cycles and asymmetric macroprudential policy," CBM Working Papers WP/02/2018, Central Bank of Malta.
    45. Daisuke Ikeda, 2022. "Monetary Policy, Inflation, and Rational Asset Price Bubbles," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(6), pages 1569-1603, September.
    46. Claudio Borio & Piti Disyatat, 2011. "Global imbalances and the financial crisis: Link or no link?," BIS Working Papers 346, Bank for International Settlements.
    47. Alexandre, Fernando & Bação, Pedro & Gabriel, Vasco, 2010. "Soft landing in a Markov-switching economy," Economics Letters, Elsevier, vol. 107(2), pages 169-172, May.
    48. Guido Lorenzoni & George-Marios Angeletos, 2010. "Price Making Intermediation," 2010 Meeting Papers 963, Society for Economic Dynamics.
    49. Kevin J. Lansing, 2008. "Speculative growth and overreaction to technology shocks," Working Paper Series 2008-08, Federal Reserve Bank of San Francisco.
    50. Dominique Pepin, 2010. "La BCE réagit-elle au prix des actifs financiers ?," Working Papers hal-00963626, HAL.
    51. Tomura, Hajime, 2013. "Heterogeneous beliefs and housing-market boom-bust cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 735-755.
    52. Bradley Jones, 2015. "Asset Bubbles: Re-thinking Policy for the Age of Asset Management," IMF Working Papers 2015/027, International Monetary Fund.
    53. Guido Lorenzoni, 2007. "News Shocks and Optimal Monetary Policy," NBER Working Papers 12898, National Bureau of Economic Research, Inc.
    54. Fuster, Andreas & Hebert, Benjamin Michael & Laibson, David I., 2012. "Investment Dynamics with Natural Expectations," Scholarly Articles 10139283, Harvard University Department of Economics.
    55. Colin C. Caines & Fabian Winkler, 2018. "Asset Price Learning and Optimal Monetary Policy," International Finance Discussion Papers 1236, Board of Governors of the Federal Reserve System (U.S.).

  23. Bill Dupor, 2005. "Keynesian Conundrum: Multiplicity and Time Consistent Stabilization," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(1), pages 154-177, January.
    See citations under working paper version above.
  24. Bill Dupor & Timothy Conley, 2004. "The Fed Response to Equity Prices and Inflation," American Economic Review, American Economic Association, vol. 94(2), pages 24-28, May.

    Cited by:

    1. Belke Ansgar, 2010. "Die Auswirkungen der Geldmenge und des Kreditvolumens auf die Immobilienpreise – Ein ARDL-Ansatz für Deutschland / Money, Credit and House Prices – An ARDL-Approach for Germany," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 230(2), pages 138-162, April.
    2. Ansgar Belke & Thorsten Polleit, 2005. "(How) Do Stock Market Returns React to Monetary Policy? - An ARDL Cointegration Analysis for Germany," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 253/2005, Department of Economics, University of Hohenheim, Germany.
    3. Fernando Alexandre & Pedro Bação, 2005. "Monetary policy and asset prices: the investment channel," NIPE Working Papers 3/2005, NIPE - Universidade do Minho.
    4. Christian Dreger & Jürgen Wolters, 2009. "Liquidity and Asset Prices: How Strong Are the Linkages?," Working Paper / FINESS 7.4A, DIW Berlin, German Institute for Economic Research.
    5. Belke, Ansgar, 2010. "Die Auswirkungen der Geldmenge und des Kreditvolumens auf die Immobilienpreise: Ein ARDL-Ansatz für Deutschland," IBES Diskussionsbeiträge 183, University of Duisburg-Essen, Institute of Business and Economic Studie (IBES).
    6. Christian Dreger & Jürgen Wolters, 2009. "Geldpolitik und Vermögensmärkte," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 78(1), pages 56-65.
    7. Honohan, Patrick & Leddin, Anthony J, 2005. "Ireland in EMU: More Shocks, Less Insulation?," CEPR Discussion Papers 5349, C.E.P.R. Discussion Papers.
    8. Dong Jin Lee & Jong Chil Son, 2011. "Nonlinearity and Structural Breaks in Monetary Policy Rules with Stock Prices," Working papers 2011-19, University of Connecticut, Department of Economics.
    9. Stefan Eichler & Tom Lähner, 2014. "Regional House Price Dynamics And Voting Behavior In The Fomc," Economic Inquiry, Western Economic Association International, vol. 52(2), pages 625-645, April.
    10. Hoffmann, Andreas, 2013. "Did the Fed and ECB react asymmetrically with respect to asset market developments?," Journal of Policy Modeling, Elsevier, vol. 35(2), pages 197-211.
    11. Ansgar Belke & Thorsten Polleit, 2006. "Monetary policy and dividend growth in Germany: long-run structural modelling versus bounds testing approach," Applied Economics, Taylor & Francis Journals, vol. 38(12), pages 1409-1423.
    12. Taipalus, Katja, 2006. "Bubbles in the Finnish and US equities markets," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2006_035, December.
    13. Taipalus, Katja, 2012. "Detecting asset price bubbles with time-series methods," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2012_047, December.
    14. Vicente da Gama Machado, 2012. "Monetary Policy, Asset Prices and Adaptive Learning," Working Papers Series 274, Central Bank of Brazil, Research Department.
    15. Robert S. Chirinko & Leo de Haan & Elmer Sterken, 2008. "Asset Price Shocks, Real Expenditures, and Financial Structure: A Multi-Country Analysis," CESifo Working Paper Series 2342, CESifo.
    16. Hoffmann, Andreas, 2009. "Fear of depression - Asymmetric monetary policy with respect to asset markets," MPRA Paper 17522, University Library of Munich, Germany.
    17. Frondel, Manuel & Schmidt, Torsten & Vance, Colin & Zimmermann, Tobias & Belke, Ansgar, 2008. "Einfluss von Preisschocks auf die Preisentwicklung in Deutschland: Forschungsvorhaben des Bundesministeriums für Wirtschaft und Technologie. Projekt-Nr. I D 4-020815-16/07. Endbericht - Oktober 2008," RWI Projektberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, number 70890.
    18. John H. Huston & Roger W. Spencer, 2009. "Speculative excess and the Federal Reserve's response," Studies in Economics and Finance, Emerald Group Publishing Limited, vol. 26(1), pages 46-61, March.

  25. Timothy G. Conley & Bill Dupor, 2003. "A Spatial Analysis of Sectoral Complementarity," Journal of Political Economy, University of Chicago Press, vol. 111(2), pages 311-352, April.

    Cited by:

    1. Philippe Choné & Lionel Wilner, 2015. "Complementarity or substitutability in networks? Methodology and application to the hospital industry," Working Papers 2015-07, Center for Research in Economics and Statistics.
    2. Vasco M. Carvalho & Nico Voigtländer, 2014. "Input Diffusion and the Evolution of Production Networks," NBER Working Papers 20025, National Bureau of Economic Research, Inc.
    3. Morrow, John & Boehm, Johannes & Dhingra, Swati, 2019. "The Comparative Advantage of Firms," CEPR Discussion Papers 13699, C.E.P.R. Discussion Papers.
    4. Saldías, Martín, 2013. "A market-based approach to sector risk determinants and transmission in the euro area," Working Paper Series 1574, European Central Bank.
    5. Liberti, Jose & Sturgess, Jason & Sutherland, Andrew, 2018. "Economics of Voluntary Information Sharing," MPRA Paper 93673, University Library of Munich, Germany.
    6. Timothy G. Conley & Sílvia Gonçalves & Min Seong Kim & Benoit Perron, 2023. "Bootstrap inference under cross‐sectional dependence," Quantitative Economics, Econometric Society, vol. 14(2), pages 511-569, May.
    7. George Kapetanios & M. Hashem Pesaran & Takashi Yamagata, 2006. "Panels with Nonstationary Multifactor Error Structures," Working Papers 569, Queen Mary University of London, School of Economics and Finance.
    8. Holly, Sean & Pesaran, M. Hashem & Yamagata, Takashi, 2010. "A spatio-temporal model of house prices in the USA," Journal of Econometrics, Elsevier, vol. 158(1), pages 160-173, September.
    9. Virgiliu Midrigan, 2005. "Is Firm Pricing State or Time-Dependent? Evidence from US Manufacturing," Macroeconomics 0511005, University Library of Munich, Germany.
    10. Natalia Bailey & Sean Holly & M. Hashem Pesaran, 2016. "A Two‐Stage Approach to Spatio‐Temporal Analysis with Strong and Weak Cross‐Sectional Dependence," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 31(1), pages 249-280, January.
    11. Vasco M. Carvalho & Alireza Tahbaz-Salehi, 2019. "Production Networks: A Primer," Annual Review of Economics, Annual Reviews, vol. 11(1), pages 635-663, August.
    12. Parhi, Mamata & Mishra, Tapas, 2009. "Spatial growth volatility and age-structured human capital dynamics in Europe," Economics Letters, Elsevier, vol. 102(3), pages 181-184, March.
    13. Xavier Gabaix, 2009. "The Granular Origins of Aggregate Fluctuations," NBER Working Papers 15286, National Bureau of Economic Research, Inc.
    14. di Mauro, Filippo & Fornari, Fabio & Mannucci, Dario, 2011. "Stock market firm-level information and real economic activity," Working Paper Series 1366, European Central Bank.
    15. Azomahou, Théophile & Diebolt, Claude & Mishra, Tapas, 2009. "Spatial persistence of demographic shocks and economic growth," Journal of Macroeconomics, Elsevier, vol. 31(1), pages 98-127, March.
    16. Wen, Yi, 2001. "Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? Comment," Working Papers 01-19, Cornell University, Center for Analytic Economics.
    17. Sunoong Hwang & Yongsung Chang, 2011. "Asymmetric Phase Shifts in U.S. Industrial Production Cycles," 2011 Meeting Papers 31, Society for Economic Dynamics.
    18. Robert Vigfusson, 2008. "How Does the Border Affect Productivity? Evidence from American and Canadian Manufacturing Industries," The Review of Economics and Statistics, MIT Press, vol. 90(1), pages 49-64, February.
    19. M. Hashem Pesaran, 2003. "Estimation and Inference in Large Heterogenous Panels with Cross Section Dependence," CESifo Working Paper Series 869, CESifo.
    20. Holly, S. & Petrella, I., 2010. "Factor Demand Linkages, Technology Shocks and the Business Cycle," Cambridge Working Papers in Economics 1001, Faculty of Economics, University of Cambridge.
    21. Stella, Andrea, 2015. "Firm dynamics and the origins of aggregate fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 55(C), pages 71-88.
    22. Yosuke TAKEDA & Ichihiro UCHIDA, 2009. "Technological Externalities and Economic Distance: A case of the Japanese automobile suppliers," Discussion papers 09051, Research Institute of Economy, Trade and Industry (RIETI).
    23. Pedro P Romero & Ricardo López & Carlos Jiménez, 2018. "Sectoral networks and macroeconomic tail risks in an emerging economy," PLOS ONE, Public Library of Science, vol. 13(1), pages 1-17, January.
    24. Julián Ramajo & José Manuel Cordero & Miguel Ángel Márquez, 2017. "European regional efficiency and geographical externalities: a spatial nonparametric frontier analysis," Journal of Geographical Systems, Springer, vol. 19(4), pages 319-348, October.
    25. Mariam Camarero & Sergi Moliner & Cecilio Tamarit, 2022. "Which are the long-run determinants of US outward FDI? Evidence using large long-memory panels," Working Papers 2022.08, International Network for Economic Research - INFER.
    26. Dimas Mateus Fazio & Thiago Christiano Silva & Janis Skrastins, 2020. "Economic Resilience: spillovers, courts, and vertical integration," Working Papers Series 531, Central Bank of Brazil, Research Department.
    27. Jesus Crespo Cuaresma & Tapas Mishra, 2011. "Human capital, age structure and growth fluctuations," Applied Economics, Taylor & Francis Journals, vol. 43(28), pages 4311-4329.
    28. Miguel A. Márquez & Julián Ramajo & Geoffrey JD. Hewings, 2015. "Regional growth and spatial spillovers: Evidence from an SpVAR for the Spanish regions," Papers in Regional Science, Wiley Blackwell, vol. 94, pages 1-18, November.
    29. George Kapetanios & M. Hashem Pesaran, 2005. "Alternative Approaches to Estimation and Inference in Large Multifactor Panels: Small Sample Results with an Application to Modelling of Asset Returns," Working Papers 536, Queen Mary University of London, School of Economics and Finance.
    30. Vasco Carvalho, 2007. "Aggregate fluctuations and the network structure of intersectoral trade," Economics Working Papers 1206, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2010.
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    32. Kim, Min Seong & Sun, Yixiao, 2013. "Heteroskedasticity and spatiotemporal dependence robust inference for linear panel models with fixed effects," Journal of Econometrics, Elsevier, vol. 177(1), pages 85-108.
    33. Bryan Graham & Jonathan Temple, 2006. "Rich Nations, Poor Nations: How Much Can Multiple Equilibria Explain?," Journal of Economic Growth, Springer, vol. 11(1), pages 5-41, March.
    34. Bruch, Jan & Seitz, Franz & Vollmer, Uwe, 2024. "Monetary and macroprudential policies with direct and indirect financing: Implications for macroeconomic stability," Weidener Diskussionspapiere 91, University of Applied Sciences Amberg-Weiden (OTH).
    35. Xavier Gabaix, 2004. "Power laws and the origins of aggregate fluctuations," Econometric Society 2004 North American Summer Meetings 484, Econometric Society.
    36. Yazid Dissou & Lilia Karnizova, 2012. "Emissions Cap or Emissions Tax? A Multi-sector Business Cycle Analysis," Working Papers 1210E, University of Ottawa, Department of Economics.
    37. Erzo G.J. Luttmer, 2010. "Models of Growth and Firm Heterogeneity," Annual Review of Economics, Annual Reviews, vol. 2(1), pages 547-576, September.
    38. Geweke, John F. & Horowitz, Joel L. & Pesaran, M. Hashem, 2006. "Econometrics: A Bird's Eye View," IZA Discussion Papers 2458, Institute of Labor Economics (IZA).
    39. Charles I. Jones, 2008. "Intermediate Goods, Weak Links, and Superstars: A Theory of Economic Development," NBER Working Papers 13834, National Bureau of Economic Research, Inc.
    40. William C. Horrace & Kurt E. Schnier, 2008. "Fixed-Effect Estimation of Highly-Mobile Production Technologies," Center for Policy Research Working Papers 87, Center for Policy Research, Maxwell School, Syracuse University.
    41. Xiaohong Chen & Yin Jia Jeff Qiu, 2016. "Methods for Nonparametric and Semiparametric Regressions with Endogeneity: A Gentle Guide," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 259-290, October.
    42. Frank Bickenbach & Eckhardt Bode, 2008. "Disproportionality Measures of Concentration, Specialization, and Localization," International Regional Science Review, , vol. 31(4), pages 359-388, October.
    43. Dong, Feng & Wen, Yi, 2019. "Long and Plosser meet Bewley and Lucas," Journal of Monetary Economics, Elsevier, vol. 102(C), pages 70-92.
    44. Gupta, Abhimanyu, 2019. "Estimation Of Spatial Autoregressions With Stochastic Weight Matrices," Econometric Theory, Cambridge University Press, vol. 35(2), pages 417-463, April.
    45. Hans Gersbach & Jean-Charles Rochet, 2012. "Aggregate Investment Externalities and Macroprudential Regulation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44, pages 73-109, December.
    46. Can Tian, 2014. "Forecast Shocks in Production Networks," 2014 Meeting Papers 87, Society for Economic Dynamics.
    47. F. Owen Irvine & Scott Schuh, 2007. "The roles of comovement and inventory investment in the reduction of output volatility," Proceedings, Federal Reserve Bank of San Francisco, issue nov.
    48. Holly, S. & Petrella, I., 2008. "Factor demand linkages and the business cycle: Interpreting aggregate fluctuations as sectoral fluctuations," Cambridge Working Papers in Economics 0827, Faculty of Economics, University of Cambridge.
    49. Shekhar Tomar, 2019. "Shock Diffusion: Does inter-sectoral network structure matter?," 2019 Meeting Papers 1026, Society for Economic Dynamics.
    50. Lorenzo Burlon, 2012. "How Do Aggregate Fluctuations Depend on the Network Structure of the Economy?," Working Papers in Economics 278, Universitat de Barcelona. Espai de Recerca en Economia.
    51. Bai, Jushan & Li, Kunpeng, 2021. "Dynamic spatial panel data models with common shocks," Journal of Econometrics, Elsevier, vol. 224(1), pages 134-160.
    52. Zhuo (June) Cheng & Barrie R. Nault, 2007. "Industry Level Supplier-Driven IT Spillovers," Management Science, INFORMS, vol. 53(8), pages 1199-1216, August.
    53. M. Hashem Pesaran, 2004. "Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure," CESifo Working Paper Series 1331, CESifo.
    54. Neusser, Klaus, 2001. "A Multisectoral Log-Linear Model of Economic Growth with Marshallian Externalities," Journal of Macroeconomics, Elsevier, vol. 23(4), pages 537-564, October.
    55. Boehm, Johannes & Dhingra, Swati & Morrow, John, 2016. "Swimming upstream: input-output linkages and thedirection of product adoption," LSE Research Online Documents on Economics 66418, London School of Economics and Political Science, LSE Library.
    56. Andrea R. Lamorgese & Gianmarco I.P. Ottaviano, 2006. "Intercity interactions: evidence from the US," 2006 Meeting Papers 667, Society for Economic Dynamics.
    57. Daron Acemoglu & Asuman Ozdaglar & Alireza Tahbaz-Salehi, 2010. "Cascades in Networks and Aggregate Volatility," NBER Working Papers 16516, National Bureau of Economic Research, Inc.
    58. Chen, Xiaoheng & Conley, Timothy G., 2001. "A new semiparametric spatial model for panel time series," Journal of Econometrics, Elsevier, vol. 105(1), pages 59-83, November.
    59. Shi, Wei & Lee, Lung-fei, 2017. "Spatial dynamic panel data models with interactive fixed effects," Journal of Econometrics, Elsevier, vol. 197(2), pages 323-347.
    60. Bai, Jushan & Li, Kunpeng, 2013. "Spatial panel data models with common shocks," MPRA Paper 52786, University Library of Munich, Germany, revised 09 Mar 2014.
    61. Conley, Timothy G. & Molinari, Francesca, 2007. "Spatial correlation robust inference with errors in location or distance," Journal of Econometrics, Elsevier, vol. 140(1), pages 76-96, September.
    62. Abhimanyu Gupta, 2020. "Efficient closed-form estimation of large spatial autoregressions," Papers 2008.12395, arXiv.org, revised May 2021.
    63. Daoju Peng & Kang Shi & Juanyi Xu, 2020. "Global Value Chain and Business Cycle Comovement: Does Distance Matter?," HKUST CEP Working Papers Series 202005, HKUST Center for Economic Policy.
    64. Bouakez, Hafedh & Cardia, Emanuela & Ruge-Murcia, Francisco, 2014. "Sectoral price rigidity and aggregate dynamics," European Economic Review, Elsevier, vol. 65(C), pages 1-22.
    65. Nicholas Apergis & Sayantan Ghosh Dastidar, 2022. "The determinants of aggregate fluctuations: The role of firm‐borrowing channels," Manchester School, University of Manchester, vol. 90(1), pages 20-34, January.
    66. Xiuying Ma & Fei Jia & Hong Jiang & Xiangyun Xu, 2022. "The Impact of Non-R&D Intangible Capital on TFP Growth: Evidence from Multi-country Industry Level Data," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(4), pages 2890-2910, December.
    67. Ms. Nan Li & Mr. Vance Martin, 2018. "Real Sectoral Spillovers: A Dynamic Factor Analysis of the Great Recession," IMF Working Papers 2018/100, International Monetary Fund.
    68. Andrea R. Lamorgese, 2008. "Innovation driven sectoral shocks and aggregate city cycles," Temi di discussione (Economic working papers) 667, Bank of Italy, Economic Research and International Relations Area.
    69. Lee, Charles M.C. & Shi, Terrence Tianshuo & Sun, Stephen Teng & Zhang, Ran, 2024. "Production complementarity and information transmission across industries," Journal of Financial Economics, Elsevier, vol. 155(C).
    70. Charles I. Jones, 2011. "Misallocation, Economic Growth, and Input-Output Economics," NBER Working Papers 16742, National Bureau of Economic Research, Inc.
    71. Peter M Robinson, 2009. "Developments in the Analysis of Spatial Data," STICERD - Econometrics Paper Series 531, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    72. Neusser, Klaus, 2008. "Interdependencies of US manufacturing sectoral TFPs: A spatial VAR approach," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 991-1004, September.
    73. Shaowen Luo, 2020. "Propagation of Financial Shocks in an Input-Output Economy with Trade and Financial Linkages of Firms," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 246-269, April.
    74. Fornaro, Paolo & Luomaranta, Henri, 2018. "Aggregate fluctuations and the effect of large corporations: Evidence from Finnish monthly data," Economic Modelling, Elsevier, vol. 70(C), pages 245-258.
    75. F. Owen Irvine & Scott Schuh, 2005. "The roles of comovement and inventory investment in the reduction of output volatility," Working Papers 05-9, Federal Reserve Bank of Boston.
    76. Robert DEKLE & Eunpyo HONG & Wei XIE, 2016. "The Regional Spillover Effects of the Tohoku Earthquake," Discussion papers 16049, Research Institute of Economy, Trade and Industry (RIETI).
    77. Chen, Xiaohong & Liao, Zhipeng, 2015. "Sieve semiparametric two-step GMM under weak dependence," Journal of Econometrics, Elsevier, vol. 189(1), pages 163-186.
    78. Khan, Hashmat & Kim, Bae-Geun, 2013. "Markups and oil prices in Canada," Economic Modelling, Elsevier, vol. 30(C), pages 799-813.
    79. Stefano Costa & Federico Sallusti & Claudio Vicarelli, 2022. "Trade networks and shock transmission capacity: a new taxonomy of Italian industries," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(1), pages 133-153, March.
    80. Min Seong Kim, 2021. "Robust Inference for Diffusion-Index Forecasts with Cross-Sectionally Dependent Data," Working papers 2021-04, University of Connecticut, Department of Economics.
    81. Filippo di Mauro & Filippo di Mauro, Fabio Fornari, 2014. "Going granular: The importance of firm-level equity information in anticipating economic activity," EcoMod2014 6809, EcoMod.
    82. Claude Diebolt & Tapas Mishra & Bazoumana Ouattara & Mamata Parhi, 2010. "Does democratic distance matter for cross-country growth interdependence?," Working Papers 10-12, Association Française de Cliométrie (AFC).
    83. Mishra, Tapas & Jumah, Adusei & Parhi, Mamata, 2008. "Age-structured Human Capital and Spatial Total Factor Productivity Dynamics," Economics Series 226, Institute for Advanced Studies.
    84. J. Stephen Ferris, 2012. "The Relationship Between Government Size and Economic Performance with Particular Application to New Zealand," Carleton Economic Papers 12-06, Carleton University, Department of Economics, revised 25 Apr 2013.
    85. Robinson, Peter, 2008. "Developments in the analysis of spatial data," LSE Research Online Documents on Economics 25473, London School of Economics and Political Science, LSE Library.
    86. Abhimanyu Gupta & Xi Qu, 2021. "Consistent specification testing under spatial dependence," Papers 2101.10255, arXiv.org, revised Aug 2022.
    87. Philippe Choné & Lionel Wilner, 2022. "Financial Incentives and Competitive Pressure: The Case of the Hospital Industry," Post-Print hal-04799390, HAL.
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  26. Dupor, Bill, 2003. "Optimal random monetary policy with nominal rigidity," Journal of Economic Theory, Elsevier, vol. 112(1), pages 66-78, September.

    Cited by:

    1. Roc Armenter & Martin Bodenstein, 2006. "Does the time inconsistency problem make flexible exchange rates look worse than you think?," International Finance Discussion Papers 865, Board of Governors of the Federal Reserve System (U.S.).
    2. Kevin X. D. Huang & Qinglai Meng, 2007. "Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules," Working Papers 07-4, Federal Reserve Bank of Philadelphia.
    3. Vasco Curdia & Michael Woodford, 2010. "Credit Spreads and Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 3-35, September.
    4. Roc Armenter & Martin Bodenstein, 2006. "Can the U.S. monetary policy fall (again) in an expectation trap?," International Finance Discussion Papers 860, Board of Governors of the Federal Reserve System (U.S.).
    5. Khalil, Makram & Lewis, Vivien, 2024. "Product turnover and endogenous price flexibility in uncertain times," CEPR Discussion Papers 18941, C.E.P.R. Discussion Papers.
    6. Woodford Michael, 2002. "Inflation Stabilization and Welfare," The B.E. Journal of Macroeconomics, De Gruyter, vol. 2(1), pages 1-53, February.
    7. David M. Arseneau, 2004. "Optimal inflation in an open economy with imperfect competition," Finance and Economics Discussion Series 2004-25, Board of Governors of the Federal Reserve System (U.S.).
    8. Pierpaolo Benigno & Michael Woodford, 2005. "Inflation Stabilization And Welfare: The Case Of A Distorted Steady State," Journal of the European Economic Association, MIT Press, vol. 3(6), pages 1185-1236, December.
    9. Aubhik Khan & Robert G. King & Alexander L. Wolman, 2000. "Optimal monetary policy," Working Paper 00-10, Federal Reserve Bank of Richmond.
    10. Woodford, Michael, 2010. "Optimal Monetary Stabilization Policy," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 14, pages 723-828, Elsevier.
    11. Travis D. Nesmith, 2005. "Solving stochastic money-in-the-utility-function models," Finance and Economics Discussion Series 2005-52, Board of Governors of the Federal Reserve System (U.S.).
    12. Travis D. Nesmith, 2024. "Revisiting Risky Money," Finance and Economics Discussion Series 2024-090, Board of Governors of the Federal Reserve System (U.S.).
    13. David M. Arseneau, 2004. "Optimal Inflation in an Open Economy," Econometric Society 2004 North American Summer Meetings 279, Econometric Society.

  27. Bill Dupor & Wen-Fang Liu, 2003. "Jealousy and Equilibrium Overconsumption," American Economic Review, American Economic Association, vol. 93(1), pages 423-428, March.

    Cited by:

    1. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "Publicly Provided Private Goods and Optimal Taxation when Consumers Have Positional Preferences," Umeå Economic Studies 886, Umeå University, Department of Economics.
    2. Francisco Alvarez-Cuadrado & Ngo Van Long, 2009. "Envy And Inequality," Departmental Working Papers 2009-03, McGill University, Department of Economics.
    3. Yoshiyasu Ono & Katsunori Yamada, 2018. "Difference or Ratio: Implications of Status Preference on Stagnation," Australian Economic Papers, Wiley Blackwell, vol. 57(3), pages 346-362, September.
    4. Chen, Been-Lon & Hsu, Mei, 2007. "Admiration is a source of indeterminacy," Economics Letters, Elsevier, vol. 95(1), pages 96-103, April.
    5. Fisher, Walter H. & Heijdra, Ben J., 2008. "Growth and the Ageing Joneses," Economics Series 230, Institute for Advanced Studies.
    6. Al-Hussami, Fares & Remesal, Álvaro Martín, 2012. "Current account imbalances and income inequality: Theory and evidence," Kiel Advanced Studies Working Papers 459, Kiel Institute for the World Economy (IfW Kiel).
    7. Riham Barbar & Jean-Paul Barinci, 2009. "Consumption Externalities, Heterogeneous Agents and Cycles," Documents de recherche 09-02, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    8. Ngo Van Long & Stephanie F. McWhinnie, 2010. "The Tragedy of the Commons in a Fishery when Relative Performance Matters," School of Economics and Public Policy Working Papers 2010-07, University of Adelaide, School of Economics and Public Policy.
    9. Chan, Ying Tung, 2020. "Optimal emissions tax rates under habit formation and social comparisons," Energy Policy, Elsevier, vol. 146(C).
    10. Francisco Alvarez-Cuadrado, 2006. "Envy, Leisure, And Restrictions On Working Hours," Departmental Working Papers 2006-01, McGill University, Department of Economics.
    11. Michael Alexeev & Yao‐Yu Chih, 2015. "Social network structure and status competition," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 48(1), pages 64-82, February.
    12. Jaime Alonso-Carrera & Xavier Raurich & Jordi Caballé, 2015. "Can consumption spillovers be a source of equilibrium indeterminacy?," Working Papers 154, Barcelona School of Economics.
    13. Vincenzo Lombardo, 2013. "Relative consumption and human capital accumulation," Economics Bulletin, AccessEcon, vol. 33(2), pages 1091-1100.
    14. Chia-hui Lu, 2020. "Labor participation externalities and unemployment," Economics Bulletin, AccessEcon, vol. 40(2), pages 1002-1010.
    15. Been-Lon Chen & Yu-Shan Hsu & Kazuo Mino, 2013. "Welfare Implications and Equilibrium Indeterminacy in a Two-sector Growth Model with Consumption Externalities," IEAS Working Paper : academic research 13-A008, Institute of Economics, Academia Sinica, Taipei, Taiwan.
    16. Kai Liu & Xianghong Wang, 2017. "Relative Income and Income Satisfaction: An Experimental Study," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(1), pages 395-409, May.
    17. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2009. "Choosing to keep up with the Joneses and income inequality," ISU General Staff Papers 200901010800001104, Iowa State University, Department of Economics.
    18. Thi Kim Cuong Pham, 2019. "Keeping up with or running away from the Joneses: the Barro model revisited," Journal of Economics, Springer, vol. 126(2), pages 179-192, March.
    19. Wharton School & Nikolai Roussanov, 2008. "Diversification and its Discontents: Idiosyncratic and Entrepreneurial Risk in the Quest for Social Status," 2008 Meeting Papers 924, Society for Economic Dynamics.
    20. Robert Dur & Amihai Glazer, 2004. "Optimal Incentive Contracts when Workers envy their Boss," Tinbergen Institute Discussion Papers 04-046/1, Tinbergen Institute, revised 13 Jun 2006.
    21. Barnett, Richard C. & Bhattacharya, Joydeep & Bunzel, Helle, 2019. "The fight-or-flight response to the Joneses and inequality," ISU General Staff Papers 201904010700001060, Iowa State University, Department of Economics.
    22. Erzo F.P. Luttmer, 2004. "Neighbors as Negatives: Relative Earnings and Well-Being," NBER Working Papers 10667, National Bureau of Economic Research, Inc.
    23. Kazuo Mino & Yasuhiro Nakamoto, 2009. "Consumption Externalities and Wealth Distribution in a Neoclassical Growth Model," KIER Working Papers 683, Kyoto University, Institute of Economic Research.
    24. Wu, Xuepin & Ma, Yongjun, 2023. "Research on the comparison effect of urban residents' consumption," Journal of Business Research, Elsevier, vol. 160(C).
    25. Kuegler, Alice, 2009. "A Curse of Comparison? Evidence on Reference Groups for Relative Income Concerns," Policy Research Working Paper Series 4820, The World Bank.
    26. Wendner, Ronald & Goulder, Lawrence H., 2008. "Status Effects, Public Goods Provision, and the Excess Burden," MPRA Paper 8260, University Library of Munich, Germany.
    27. Akihiko Yanase & Yukio Karasawa-Ohtashiro, 2019. "Endogenous time preference, consumption externalities, and trade: multiple steady states and indeterminacy," Journal of Economics, Springer, vol. 126(2), pages 153-177, March.
    28. Meng, Qinglai, 2006. "Impatience and equilibrium indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2671-2692, December.
    29. Laszlo Goerke & Michael Neugart, 2017. "Social Comparisons in Oligopsony," CESifo Working Paper Series 6528, CESifo.
    30. Yamada, Katsunori & Sato, Masayuki, 2013. "Another avenue for anatomy of income comparisons: Evidence from hypothetical choice experiments," Journal of Economic Behavior & Organization, Elsevier, vol. 89(C), pages 35-57.
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    206. Mariano Torras, 2008. "The Subjectivity Inherent in Objective Measures of Well-Being," Journal of Happiness Studies, Springer, vol. 9(4), pages 475-487, December.
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    208. Aronsson, Thomas & Johansson-Stenman, Olof, 2014. "Positional preferences in time and space: Optimal income taxation with dynamic social comparisons," Journal of Economic Behavior & Organization, Elsevier, vol. 101(C), pages 1-23.
    209. João Ricardo Faria & Gonçalo Monteiro, 2008. "The Tenure Game: Building Up Academic Habits," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 370-380, September.
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  28. Dupor, Bill, 2002. "Comment on: Monetary policy and asset prices," Journal of Monetary Economics, Elsevier, vol. 49(1), pages 99-106, January.

    Cited by:

    1. Fendoğlu, Salih, 2014. "Optimal monetary policy rules, financial amplification, and uncertain business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 46(C), pages 271-305.
    2. Detken, Carsten & Smets, Frank, 2004. "Asset price booms and monetary policy," Working Paper Series 364, European Central Bank.
    3. Marius Constantin Apostoaie, 2010. "Consideration on the price stability – financial stability relationship in the context of financial globalization," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 15.
    4. Michael D. Bordo & David C. Wheelock, 2004. "Monetary Policy and Asset Prices: A Look Back at Past U.S. Stock Market Booms," NBER Working Papers 10704, National Bureau of Economic Research, Inc.

  29. Bill Dupor, 2002. "The Natural Rate of Q," American Economic Review, American Economic Association, vol. 92(2), pages 96-101, May.

    Cited by:

    1. Guido Lorenzoni, 2007. "Inefficient Credit Booms," NBER Working Papers 13639, National Bureau of Economic Research, Inc.
    2. Abo-Zaid, Salem, 2015. "Optimal long-run inflation with occasionally binding financial constraints," European Economic Review, Elsevier, vol. 75(C), pages 18-42.
    3. Robert S. Chirinko & Huntley Schaller, 2011. "Fundamentals, Misvaluation, and Business Investment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(7), pages 1423-1442, October.
    4. Abo-Zaid, Salem, 2013. "Optimal monetary policy and downward nominal wage rigidity in frictional labor markets," Journal of Economic Dynamics and Control, Elsevier, vol. 37(1), pages 345-364.
    5. Bill Dupor & Timothy Conley, 2004. "The Fed Response to Equity Prices and Inflation," American Economic Review, American Economic Association, vol. 94(2), pages 24-28, May.
    6. Kenneth Kuttner, 2011. "Monetary Policy and Asset Price Volatility: Should We Refill the Bernanke-Gertler Prescription?," Department of Economics Working Papers 2011-04, Department of Economics, Williams College, revised Jun 2011.
    7. Kevin J. Lansing, 2008. "Speculative growth and overreaction to technology shocks," Working Paper Series 2008-08, Federal Reserve Bank of San Francisco.
    8. Mr. Olivier D Jeanne & Michael D. Bordo, 2002. "Monetary Policy and Asset Prices: Does "Benign Neglect" Make Sense?," IMF Working Papers 2002/225, International Monetary Fund.

  30. Dupor, Bill, 2001. "Ruling out pareto dominated monetary equilibria," Journal of Economic Dynamics and Control, Elsevier, vol. 25(12), pages 1899-1910, December.

    Cited by:

    1. Kandil, Magda, 2005. "Money, interest, and prices: Some international evidence," International Review of Economics & Finance, Elsevier, vol. 14(2), pages 129-147.
    2. Andreas Schabert, 2004. "On the Relevance of Open Market Operations," 2004 Meeting Papers 272, Society for Economic Dynamics.
    3. Schabert, Andreas, 2004. "On the Relevance of Open Market Operations," Discussion Paper Series 26344, Hamburg Institute of International Economics.
    4. Andreas Schabert, 2004. "On the relevance of open market operations for the short-run effects of monetary policy," Money Macro and Finance (MMF) Research Group Conference 2003 83, Money Macro and Finance Research Group.

  31. Dupor, Bill, 2001. "Investment and Interest Rate Policy," Journal of Economic Theory, Elsevier, vol. 98(1), pages 85-113, May.
    See citations under working paper version above.
  32. Dupor, Bill, 2000. "Exchange rates and the fiscal theory of the price level," Journal of Monetary Economics, Elsevier, vol. 45(3), pages 613-630, June.

    Cited by:

    1. Burnside, C. & Eichenbaum, M. & Rebelo, S., 1998. "Prospective Deficits and the Asian Currency Crisis," RCER Working Papers 458, University of Rochester - Center for Economic Research (RCER).
    2. Barbara Annicchiarico, 2006. "Fiscal Policy and Exchange Rates," Journal of Economics, Springer, vol. 89(2), pages 165-185, November.
    3. Willem Buiter, 2000. "The Fallacy of the Fiscal Theory of the Price Level, Again," CESifo Working Paper Series 303, CESifo.
    4. Minford, Patrick & Fan, Jingwen, 2010. "Can the Fiscal Theory of the price level explain UK inflation in the 1970s?," CEPR Discussion Papers 7630, C.E.P.R. Discussion Papers.
    5. Eric M. Leeper & Todd B. Walker, 2012. "Perceptions and Misperceptions of Fiscal Inflation," NBER Working Papers 17903, National Bureau of Economic Research, Inc.
    6. Betty Daniel & Christos Shiamptanis, 2008. "Fiscal Policy in the European Monetary Union," Discussion Papers 08-11, University at Albany, SUNY, Department of Economics.
    7. Betty Daniel, 2000. "A Fiscal Theory of Currency Crises," Econometric Society World Congress 2000 Contributed Papers 0535, Econometric Society.
    8. W.H. Buiter, 2000. "The Fallacy of the Fiscal Theory of the Price Level," CEP Discussion Papers dp0447, Centre for Economic Performance, LSE.
    9. John H. Cochrane, 1998. "Long-term Debt and Optimal Policy in the Fiscal Theory of the Price Level," CRSP working papers 478, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
    10. Craig Burnside, 2004. "The Research Agenda: Craig Burnside on the Causes and Consequences of Twin Banking-Currency Crises," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 5(2), April.
    11. Marco Bassetto, 2000. "A Game-Theoretic View of the Fiscal Theory of the Price Level," Econometric Society World Congress 2000 Contributed Papers 1492, Econometric Society.
    12. Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2003. "Government Finance in the Wake of Currency Crises," RCER Working Papers 501, University of Rochester - Center for Economic Research (RCER).
    13. Peiris, M.Udara & Polemarchakis, Herakles, 2015. "Quantitative Easing in an Open Economy : Prices, Exchange Rates and Risk Premia," CRETA Online Discussion Paper Series 09, Centre for Research in Economic Theory and its Applications CRETA.
    14. Buiter, Willem H. & Sibert, Anne C., 2017. "The fallacy of the fiscal theory of the price level - one last time," Economics Discussion Papers 2017-84, Kiel Institute for the World Economy (IfW Kiel).
    15. Campbell Leith & Eric Leeper, 2016. "Understanding Inflation as a Joint Monetary-Fiscal Phenomenon," Working Papers 2016_01, Business School - Economics, University of Glasgow.
    16. António Afonso, 2002. "Disturbing the Fiscal Theory of the Price Level: Can it Fit the EU-15," Working Papers Department of Economics 2002/01, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    17. Kerstin Bernoth & Helmut Herwartz & Lasse Trienens, 2024. "Interest Rates, Convenience Yields, and Inflation Expectations: Drivers of US Dollar Exchange Rates," Discussion Papers of DIW Berlin 2100, DIW Berlin, German Institute for Economic Research.
    18. McMahon, Michael & Peiris, M. Udara & Polemarchakis, Herakles, 2018. "Perils of unconventional monetary policy," Journal of Economic Dynamics and Control, Elsevier, vol. 93(C), pages 92-114.
    19. Croitoru, Lucian, 2013. "Liquidity, the October 2008 Speculative Attack and the Central Bank Reputation," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 18-51, June.
    20. International Monetary Fund, 2008. "Fiscal and Monetary Anchors for Price Stability: Evidence from Sub-Saharan Africa," IMF Working Papers 2008/121, International Monetary Fund.
    21. Kriwoluzky, Alexander & Müller, Gernot J. & Wolf, Martin, 2019. "Exit expectations and debt crises in currency unions," Journal of International Economics, Elsevier, vol. 121(C).
    22. Bennett T. McCallum, "undated". "Is The Fiscal Theory of the Price Level Learnable?," GSIA Working Papers 2003-24, Carnegie Mellon University, Tepper School of Business.
    23. Levan Efremidze & Akinori Tomohara, 2011. "Have the Implications of Twin Deficits Changed?: Sudden Stops over Decades," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(1), pages 66-76, February.
    24. Betty C. Daniel, 2010. "Exchange Rate Crises and Fiscal Solvency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(6), pages 1109-1135, September.
    25. Matthew B. Canzoneri & Robert E. Cumby & Behzad T. Diba, 2001. "Is the Price Level Determined by the Needs of Fiscal Solvency?," American Economic Review, American Economic Association, vol. 91(5), pages 1221-1238, December.
    26. Daniel, Betty C. & Shiamptanis, Christos, 2012. "Fiscal risk in a monetary union," European Economic Review, Elsevier, vol. 56(6), pages 1289-1309.
    27. John H. Cochrane, 2000. "Money as Stock: Price Level Determination with no Money Demand," NBER Working Papers 7498, National Bureau of Economic Research, Inc.
    28. David B. Gordon & Eric M. Leeper, 2006. "The Price Level, The Quantity Theory Of Money, And The Fiscal Theory Of The Price Level," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(1), pages 4-27, February.
    29. Paul R. Bergin, 2017. "Fiscal Solvency and Price Level Determination in a Monetary Union," World Scientific Book Chapters, in: International Macroeconomic Interdependence, chapter 12, pages 343-362, World Scientific Publishing Co. Pte. Ltd..
    30. Shangmei Zhao & Jiang He & Haijun Yang, 2018. "Population Ageing, Financial Deepening and Economic Growth: Evidence from China," Sustainability, MDPI, vol. 10(12), pages 1-15, December.
    31. Kilian Bizer & Zulia Gubaydullina & Hazim Rahahleh & Werner Sesselmeier, 2007. "FTPL-Perspective on Tradable Deficit Permits in the EMU," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(3), pages 259-267, September.
    32. Benjamin Eden, 2012. "Does a low interest rate support private bubbles?," Vanderbilt University Department of Economics Working Papers 12-00010, Vanderbilt University Department of Economics.
    33. Pelin Oge Guney, 2007. "Fiscal Theory of Exchange Rate Determination: Empirical Evidence from Turkey," Economics Bulletin, AccessEcon, vol. 5(7), pages 1-12.
    34. Leith, Campbell & Simon Wren-Lewis, 2003. "Interactions Between Monetary and Fiscal Policy Under Flexible Exchange Rates," Royal Economic Society Annual Conference 2003 134, Royal Economic Society.
    35. Kumhof, Michael, 2018. "On the theory of international currency portfolios," European Economic Review, Elsevier, vol. 101(C), pages 376-396.
    36. Bennett T. McCallum, 1999. "Theoretical Issues Pertaining to Monetary Unions," NBER Working Papers 7393, National Bureau of Economic Research, Inc.
    37. Burnside, Craig, 2004. "Currency crises and contingent liabilities," Journal of International Economics, Elsevier, vol. 62(1), pages 25-52, January.
    38. Lawrence J. Christiano & Terry J. Fitzgerald, 2000. "Understanding the Fiscal Theory of the Price Level," NBER Working Papers 7668, National Bureau of Economic Research, Inc.
    39. François Langot, 2020. "Public Debt, Policy Mix and European Stability," Working Papers hal-02895635, HAL.
    40. Michael Woodford, 2001. "Fiscal Requirements for Price Stability," NBER Working Papers 8072, National Bureau of Economic Research, Inc.
    41. Willem H. Buiter, 2002. "The Fiscal Theory Of The Price Level: A Critique," Economic Journal, Royal Economic Society, vol. 112(481), pages 459-480, July.
    42. Campbell leith & Simon Wren-Lewis, "undated". "Compatibility Between Monetary and Fiscal Policy Under EMU," Working Papers 2001_15, Business School - Economics, University of Glasgow.
    43. Leeper, E.M. & Leith, C., 2016. "Understanding Inflation as a Joint Monetary–Fiscal Phenomenon," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2305-2415, Elsevier.
    44. Mr. Michael Kumhof, 2009. "International Currency Portfolios," IMF Working Papers 2009/048, International Monetary Fund.
    45. Airaudo, Marco, 2014. "Currency substitution, risk premia and the Taylor principle," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 202-217.
    46. Cochrane, John H., 2005. "Money as stock," Journal of Monetary Economics, Elsevier, vol. 52(3), pages 501-528, April.
    47. Hagedorn, Marcus, 2021. "An Equilibrium Theory of Nominal Exchange Rates," CEPR Discussion Papers 16517, C.E.P.R. Discussion Papers.
    48. Óscar J. Arce, 2005. "Reflections on fiscalist divergent price-paths," Working Papers 0533, Banco de España.
    49. Daniel, Betty C., 2001. "The fiscal theory of the price level in an open economy," Journal of Monetary Economics, Elsevier, vol. 48(2), pages 293-308, October.
    50. Hao Jin, 2016. "Quadrilemma not Trilemma: Fiscal Policy Matters," CAEPR Working Papers 2016-003, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.

  33. Dupor, Bill, 1999. "Aggregation and irrelevance in multi-sector models," Journal of Monetary Economics, Elsevier, vol. 43(2), pages 391-409, April.

    Cited by:

    1. Yoshiyuki ARATA, 2015. "Endogenous Business Cycles Caused by Nonconvex Costs and Interactions," Discussion papers 15085, Research Institute of Economy, Trade and Industry (RIETI).
    2. Lorenzo Burlon, 2015. "Ownership networks and aggregate volatility," 2015 Meeting Papers 1157, Society for Economic Dynamics.
    3. Görtz, Christoph & Tsoukalas, John D., 2012. "News and Financial Intermediation in Aggregate and Sectoral Fluctuations," Dynare Working Papers 12, CEPREMAP.
    4. Mandel, Antoine & Taghawi-Nejad, Davoud & Veetil, Vipin P., 2019. "The price effects of monetary shocks in a network economy," Journal of Economic Behavior & Organization, Elsevier, vol. 164(C), pages 300-316.
    5. Nao Sudo, 2012. "Sectoral Comovement, Monetary Policy Shocks, and Input–Output Structure," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(6), pages 1225-1244, September.
    6. Vasco M Carvalho & Makoto Nirei & Yukiko U Saito & Alireza Tahbaz-Salehi, 2021. "Supply Chain Disruptions: Evidence from the Great East Japan Earthquake," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 136(2), pages 1255-1321.
    7. Michele Boldrin & Carlos Garriga & Adrian Peralta-Alva & Juan M. Sanchez, 2012. "Reconstructing the great recession," Working Papers 2013-006, Federal Reserve Bank of St. Louis.
    8. Johannes Boehm, 2017. "The Impact of Contract Enforcement Costs on Outsourcing and Aggregate Productivity," 2017 Meeting Papers 801, Society for Economic Dynamics.
    9. Ogura, Yoshiaki & Okui, Ryo & Saito, Yukiko Umeno, 2015. "Network-Motivated Lending Decisions," HIT-REFINED Working Paper Series 29, Institute of Economic Research, Hitotsubashi University.
    10. Gabaix, Xavier & Carvalho, Vasco, 2010. "The Great Diversification and its Undoing," CEPR Discussion Papers 8044, C.E.P.R. Discussion Papers.
    11. Huang, Kevin X. D. & Liu, Zheng, 2001. "Production chains and general equilibrium aggregate dynamics," Journal of Monetary Economics, Elsevier, vol. 48(2), pages 437-462, October.
    12. BOUAKEZ, Hafed & CARDIA Emanuela & RUGE-MURCIA, Francisco, 2005. "The Transmission of Monetary Policy in a Multi-Sector Economy," Cahiers de recherche 2005-16, Universite de Montreal, Departement de sciences economiques.
    13. Veldkamp, Laura & Wolfers, Justin, 2006. "Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement," IZA Discussion Papers 2339, Institute of Labor Economics (IZA).
    14. Isabelle Mejean & Andrei Levchenko & Julian di Giovanni, 2013. "Firms, Destinations, and Aggregate Fluctuations," 2013 Meeting Papers 352, Society for Economic Dynamics.
    15. Ernesto Pasten & Raphael S. Schoenle & Michael Weber & Michael Weber, 2018. "Price Rigidity and the Origins af Aggregate Fluctuations," CESifo Working Paper Series 7190, CESifo.
    16. Ezra Oberfield, 2013. "Business Networks, Production Chains, and Productivity: A Theory of Input-Output Architecture," 2013 Meeting Papers 120, Society for Economic Dynamics.
    17. Song, Hengxu & Yang, Zhongchao & Zhou, Yue, 2023. "Upstream subsidy or downstream subsidy? A quantitative analysis of credit subsidy in China," Economic Modelling, Elsevier, vol. 129(C).
    18. Glenn Magerman & Karolien De Bruyne & Emmanuel Dhyne & Jan Van Hove, 2016. "Heterogeneous firms and the micro origins of aggregate fluctuations," Working Paper Research 312, National Bank of Belgium.
    19. Vasco M. Carvalho & Alireza Tahbaz-Salehi, 2019. "Production Networks: A Primer," Annual Review of Economics, Annual Reviews, vol. 11(1), pages 635-663, August.
    20. Andrew T. Foerster & Pierre-Daniel G. Sarte & Mark W. Watson, 2011. "Sectoral versus Aggregate Shocks: A Structural Factor Analysis of Industrial Production," Journal of Political Economy, University of Chicago Press, vol. 119(1), pages 1-38.
    21. Christoph Görtz & John D. Tsoukalas, 2013. "Sector Specific News Shocks in Aggregate and Sectoral Fluctuations," CESifo Working Paper Series 4269, CESifo.
    22. Emi Nakamura & Jón Steinsson, 2008. "Monetary Non-Neutrality in a Multi-Sector Menu Cost Model," NBER Working Papers 14001, National Bureau of Economic Research, Inc.
    23. Molnárová, Zuzana & Reiter, Michael, 2022. "Technology, demand, and productivity: What an industry model tells us about business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 134(C).
    24. Jakob Grazzini & Domenico Massaro, 2016. "Dispersed Information and the Origins of Aggregate Fluctuations," CESifo Working Paper Series 5957, CESifo.
    25. Andrew Foerster & Andreas Hornstein & Mark Watson & Pierre-Daniel Sarte, 2019. "Sectoral and Aggregate Structural Change," 2019 Meeting Papers 532, Society for Economic Dynamics.
    26. Michael B Devereux & Karine Gente & Changhua Yu, 2023. "Production Networks and International Fiscal Spillovers," Post-Print hal-04001164, HAL.
    27. Sunoong Hwang & Yongsung Chang, 2011. "Asymmetric Phase Shifts in U.S. Industrial Production Cycles," 2011 Meeting Papers 31, Society for Economic Dynamics.
    28. Nirei, Makoto, 2006. "Threshold behavior and aggregate fluctuation," Journal of Economic Theory, Elsevier, vol. 127(1), pages 309-322, March.
    29. Kunze, Sven, 2018. "Unraveling the effects of tropical cyclones on economic sectors worldwide," Working Papers 0653, University of Heidelberg, Department of Economics.
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    31. Luigi Guiso & Chaoqun Lai & Makoto Mirei, 2011. "Detecting Propagation Effects by Observing Aggregate Distributions: The Case of Lumpy Investments," EIEF Working Papers Series 1112, Einaudi Institute for Economics and Finance (EIEF), revised Jun 2011.
    32. Luigi Guiso & Chaoqun Lai & Makoto Nirei, 2017. "An Empirical Study of Interaction-Based Aggregate Investment Fluctuations," The Japanese Economic Review, Japanese Economic Association, vol. 68(2), pages 137-157, June.
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