In Progress:
Sales and the Real Effects of Monetary Policy, with Virgiliu Midrigan.
Heterogeneity and Real Exchange Rates, with Virgiliu Midrigan.
Sticky Wages and the Great Depression, with Ellen R. McGrattan.
Real Exchange Rates With Endogenous Incomplete Markets, with Fabrizio Perri.
Unpublished Research Papers
On the Optimal Choice of a Monetary Policy Instrument, joint with Andrew Atkeson and V. V. Chari. [SR 394]
A Critique of Structural VARs Using Real Business Cycle Theory, revising for resubmission to the Journal of Political Economy .
Time Varying Risk, Interest Rates, and Exchange Rates, joint with Fernando Alvarez and Andrew Atkeson, submitted to Review of Economic Studies.
On the Desirability of Fiscal Constraints in a Monetary Union , with V. V. Chari, submitted to the Journal of Monetary Economics . [SR 330]
Time Consistency and Free-Riding in a Monetary Union , with V. V. Chari, solicited for the Third OSU Macroeconomics Lecture to be published in the Journal of Money, Credit, and Banking . [SR 308]
The Poverty of Nations: A Quantitative Investigation, with V. V. Chari and Ellen R. McGrattan, revising for resubmission to American Economic Review. [SR 204]
Paths of Development for Early and Late Bloomers, with Andrew Atkeson, revising for resubmission to Quarterly Journal of Economics. [SR 256]
The Advantage of Transparency in Monetary Policy Instruments, with Andrew Atkeson, revised and resubmitted to Quarterly Journal of Economics . [SR 297]
Journal Articles
On the Desirability of Fiscal Constraints in a Monetary Union, with V. V. Chari, forthcoming, Journal of Monetary Economics.
Time Inconsistency and Free-Riding in a Monetary Union, with V. V. Chari, forthcoming, Journal of Money, Credit, and Banking. (2nd OSU Macroeconomics Lecture)
If Exchange Rates are Random Walks Then Almost Everything We Say About Monetary Policy Is Wrong, with Fernando Alvarez and Andrew Atkeson, American Economic Review, May 2007.
Business Cycle Accounting, with V. V. Chari and Ellen McGrattan, Econometrica, May 2007.
Modeling the Transition to a New Economy: Lessons from Two Technological Revolutions, with Andrew Atkeson, American Economic Review, March 2007.
Modern Macroeconomics in Practice: How Theory Is Shaping Policy, with V. V. Chari, Journal of Economic Perspectives, Fall 2006.
Modeling and Measuring Organization Capital, with Andrew Atkeson, Journal of Political Economy, October 2005.
The Optimal Degree of Discretion in Monetary Policy, with Susan Athey and Andrew Atkeson, Econometrica, September 2005.
Sudden Stops and Output Drops, with V. V. Chari and Ellen McGrattan, American Economic Review, May 2005.
Financial Crises as Herds: Overturning the Critiques, with V. V. Chari, Journal of Economic Theory, November 2004.
Competitive Equilibria With Limited Enforcement, with Fabrizio Perri, Journal of Economic Theory, November 2004.
Deflation and Depression: Is There an Empirical Link?, with Andrew Atkeson, American Economic Review, May 2004.
The Time Consistency of Optimal Monetary and Fiscal Policies, with Fernando Alvarez and Pablo Andrés Neumeyer, Econometrica, March 2004.
