WORKING PAPERS
“On The Cyclicality of Real Wages and Wage Differentials”
(with Panayiotis M. Pourpourides)
“What Are Driving Forces of International Business Cycles?”
(with Mario J Crucini and Ayhan Kose)
“Global Business Cycles: Convergence or Decoupling?”
(with Ayhan Kose and Eswar Prasad)
(with Marco Del Negro)
“Global House
Price Fluctuations” (coming soon)
(with
Marco Terrones)
“Stochastic Discount Factor Models and the Equity Premium Puzzle”
(2001 Version with expanded tables and results)
(with B. Ravikumar and Charles H. Whiteman)
REFEREEED
PUBLICATIONS
“Understanding the Evolution of World Business Cycles,” Journal of International Economics, Volume 75, Issue 1, May 2008, Pages 110-130.
(with M. Ayhan Kose and Charles H. Whiteman)
“99 Luftballons: Monetary Policy and the House Price Boom Across U.S. States,” Journal of Monetary Economics, Volume 54, Issue 7, October 2007, Pages 1962-1985.
(with Marco Del Negro)
“A Generalized Volatility Bound for Dynamic Economies (revised, 2007)” Journal of Monetary Economics, Volume 54, Issue 8, November 2007, Pages 2269-2290
(with B. Ravikumar and Charles H. Whiteman) 2003 version of paper
"International Business Cycles: World, Region and Country Specific Factors", American Economic Review, September 2003,
(with M. Ayhan Kose and Charles H. Whiteman)
"Habit Formation: A Resolution of The Equity Premium Puzzle?", Journal of Monetary Economics, September 2002, Vol 49:1261:1288 (with B. Ravikumar and Charles H. Whiteman)
"Evaluating Asset Pricing Models Using The Hansen-Jagannathan Bound: A Monte Carlo Investigation", Journal of Applied Econometrics, March/April 2002 Vol 17:149-174
(with B. Ravikumar and Charles H. Whiteman).
"On Measuring the Welfare Cost of Business Cycles", Journal of Monetary Economics, February 2001, Vol 47:61-92.
"Spectral Welfare Cost Functions" International Economic Review, May 2001, Vol 42:345-367.
"Bayesian Leading Indicators: Measuring and Predicting Economic Conditions in Iowa", International Economic Review, November 1998, Vol 39:4
(with Charles H. Whiteman)
"Long-Run Neutrality and Superneutrality in an ARIMA Framework: Comment," American Economic Review, December 1994.
(with John F. Boschen).
OTHER PUBLISHED PAPERS
“How Much Decoupling? How Much Converging?,” Finance
and Development, June 2008, Volume 45, number 2, pages 36-40.
(with M. Ayhan Kose and
"What to Do When the Crystal Ball is Cloudy: Conditional
and Unconditional Forecasting in
(with Charles H. Whiteman)
"The
Rational Expectations Hypothesis of the Term Structure, Monetary Policy, and
Time-Varying Term Premia," Federal
Reserve Bank of
(with Michael Dotsey)
"M2
and Monetary Policy: A Critical Review of the Recent Debate," Federal
Reserve Bank of
(with Michael Dotsey)
"Forecasting
the Effects of Reduced Defense Spending," Federal Reserve Bank of
(with Peter Ireland)
Click here for the programs and data from selected papers.