Publications

Publications Available Through Econ Web
Fall 2008

Masanao Aoki

• Stochastic Views on Diamond Search Model: Asymmetrical Cycles and Fluctuations

• Cluster Size Distribution of Economics Agents of Many Types in Market

• Demand Creation and Economic Growth

• Assymetrical Cycles and Equilibrium Selection in Finitary Evolutionary Economic Models

• Open Models of Share Markets with Two Dominant Types of Participants

• Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents

• Applications of Exchangeable Random Partitions to Economic Modeling

• A Simple Quantity Adjustment Model of Economic Fluctuations and Growth

• The Long Stagnation and Monetary Policy in Japan: A Theoretical Explanation

• Uncertainty, Policy Ineffectiveness, and Long Stagnation of the Macroeconomy

• Two Sources of Macroeconomic Sluggishness: Ultrametric Tree Structures and Entropic Barriers

• A New Model of Labor Dynamics: Ultrametrics, Okun's Law, and Transient Dynamics

• New Frameworks for Macroeconomic Modelings: Some Illustrative Examples

• Effects of Demand Managements on Sector Sizes and Okun's Law

• Four Ingredients for New Approaches to Macroeconomic Modeling

• Effects of Demand Managements on Sector Sizes and Okun's Law

• A New Stochastic Framework for Macroeconomics: Some Illustrative Examples

• Statistical Physics and Combinatorial Stochastic Processes in Macroeconomic Modelings by M. Aoki and H. Yoshikawa (Abstract)

• Effects of Demand Share Patterns and Allocative Disturbances on GDP, Okun's Law and the Beveridge Curves

• Long Run Behavior of Macroeconomy with Several Types of Agents: Non-self averaging phenomena in Macroeconomics

• Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes (Abstract)

• Thermodynamic Limits of Macroeconomic or Financial Models: One- and Two-Parameter Poisson-Dirichlet Models

• A New Non-ergodic Endogenous Growth Model

• Non-Self-Averaging in Macroeconomic Models: A Criticism of Modern Micro-founded Macroeconomics

• Book Review: A Stochastic Approach to Macroeconomics and Financial Markets

• Book Review (Hans Gottinger): A Perspective from Statistical Physics and Combinatorial Stochastic Processes

• Book Review (Yoshi Fujiwara): A Perspective from Statistical Physics and Combinatorial Stochastic Processes

• Book Review (Duncan K. Foley): A Perspective from Statistical Physics and Combinatorial Stochastic Processes

• Book Review (Ard den Reijer): Modeling Aggregate Behavior and Fluctuations in Economics: Stochastic Views of Interacting Agents

Janet Currie

• Papers are listed in the CV. Please click this link to view them.

Harold Demsetz

• Publications Listing

Matthias Doepke

• Growth Takeoffs

• Patience Capital, Occupational Choice, and the Spirit of Capitalism

• To Segregate or to Integrate: Education Politics and Democracy

• Inflation as a Redistribution Shock: Effects on Aggregates and Welfare

• Origins and Consequences of Child Labor Restrictions: A Macroeconomic Perspective

• Occupational Choice and the Spirit of Capitalism

• Colonies

• Humankapital, politischer Wandel und langfristige Wirtschaftsentwickung

• Research Agenda: The Transition from Stagnation to Growth

Patrik Guggenberger

• Generalized Empirical Likelihood Tests in Time Series Models With Potential Identification Failure (joint with R.J.Smith), published in Journal of Econometrics 2008

• Finite-Sample Evidence Suggesting a Heavy Tail Problem of the Generalized Empirical Likelihood Estimator, published in Econometric Reviews 2008

• Asymptotic size and a problem with subsampling and with the m out of n bootstrap (joint with D.W.K. Andrews), June 2005, this version 2008

• Specification Testing under Moment Inequalities (joint with J. Hahn and K. Kim), published in Economics Letters 2008

• Hybrid and size-corrected subsample methods (joint with D.W.K. Andrews), June 2005, this version March 2007

• Asymptotics for Stationary Very Nearly Unit Root Processes (joint with D.W.K. Andrews), published in Journal of Time Series Analysis 2008

• Applications of Subsampling, Hybrid, and Size-Correction Methods (joint with D.W.K. Andrews), 2005, this version May 2007

• Validity of Subsampling and "Plug-in Asymptotic" Inference for Parameters Defined by Moment Inequalities (joint with D.W.K. Andrews), 2005, this version May 2008, accepted at Econometric Theory

• The Impact of a Hausman Pretest on the Size of Hypothesis Tests (Paper + Supplementary Appendix), 2006, this version 2008

• Incorrect Asymptotic Size of Subsampling Procedures Based on Post-Consistent Model Selection Estimators (joint with D.W.K. Andrews), 2005, this version June 2008

Gary D. Hansen

• Why Have Business Cycle Fluctuations Become Less Volatile? (with Andres Arias and Lee E. Ohanian)

• Consumption over the Life Cycle: The Role of Annuities (with Selo Imrohoroglu)

• Business Cycle Fluctuations and the Life Cycle: How Important is On-the-Job Skill Accumulation? (with Selo Imrohoroglu)

Christian Hellwig

• Public Information, Private Information, and the Multiplicity of Equilibria in Coordination Games (J.E.T., December 2002, available through ScienceDirect)

• Money, Intermediaries, and Cash-in-Advance Constraints (February 2003)

• Public Announcements, Adjustment Delays, and the Business Cycle (November 2002)

• Signaling in a Global Game: Coordination and Policy Traps (J.P.E., June 2006)

• Imperfect Common Knowledge of Preferences in Global Coordination Games (October 2002)

• Bubbles and Self-enforcing Debt (November 2007, with Guido Lorenzoni)

• Dynamic Global Games of Regime Change: Learning, Multiplicity and Timing of Attacks (Econometrica, May 2007)

• Heterogeneous Information and the Benefits of Public Information Disclosures (October 2005)

• Self-Fulfilling Currency Crises: The Role of Interest Rates (A.E.R., December 2006)

• Knowing What Others Know: Coordination Motives in Information Acquisition (March 2008, with Laura Veldkamp)

• Supplementary Material for "Dynamic Global Games of Regime Change..." (Econometrica, May 2007)

• Monetary Business Cycle Models: Imperfect Information (Review Article, March 2006)

• Online Appendix for "Coordination and Policy Traps" (J.P.E., June 2006)

• Additional Results for "Knowing What Others Know" (March 2008)

• Defense Policies against Currency Attacks: On the Possibility of Predictions in a Global Game with Multiple Equilibria (August 2007, with Marios Angeletos and Alessandro Pavan)

• Prices and Market Shares in a Menu Cost Model (September 2007, with Ariel Burstein)

• Welfare Costs of Inflation in a Menu Cost Model (January 2008, with Ariel Burstein)

Naomi Lamoreaux

• "Contractual Tradeoffs and SMEs Choice of Organizational From: A View from U.S. and French History," co-authored with Jean-Laurent Rosenthal

• "The Decline of the Independent Inventor: A Schumpeterian Story?" co-authored with Kenneth L. Sokoloff

• "Ownership and Control in the Entrepreneurial Firm: An International History of Private Limited Companies," co-authored with Timothy Guinnane, Ron Harris, and Jean-Laurent Rosenthal

• Scylla and Charybdis? Some Historical Reflections on the Two Basic Problems of Corporate Governance

• The Private Rights of Organizations: The Tangled Roots of the Family, the Corporation, and the Right to Privacy," with Ruth H. Bloch

• Entrepreneurship in the United States, 1865-1920

Moritz Meyer-ter-Vehn

• Ex-Post Implementation and Preference Aggregation via Potentials (forthcoming, Economic Theory)

• Posterior Implementation vs. Ex-Post Implementation (Economics Letters 2007)

• Mixed Bundling Auctions (JET 2007)

• The Limits of Ex-Post Implementation (Econometrica 2006)

• A Conversational War of Attrition (Working paper) (Abstract)

• Dynamic Mechanism Design with Costly Participation (work in progress)

Ichiro Obara

• Less is More: An Observability Paradox in Repeated Games (with M. Kandori)

• Efficiency in Repeated Games Revisited: The Role of Private Strategies (with M. Kandori)

• Firm Reputation and Horizontal Integration (with H. Cai)

• Informational Smallness and Private Monitoring in Repeated Games (with R. McLean and A. Postlewaite)

• Folk Theorem with Communication

• The Full Surplus Extraction Theorem with Hidden Actions

• Endogenous Monitoring

• Approximate Implementability with Ex Post Budget Balance (Joint with D. Rahman)

Lee E. Ohanian

• Notes on Bootstrapping in Linear Models with i.i.d. Disturbances

Jean-Laurent Rosenthal

• Inequality in a Developing Economy; Paris and France 1807-1994 joint with Thomas Piketty and Gilles Postel-Vinay

• Corporate Governance and the Plight of Minority Shareholders in the United States before the Great Depression. Joint with Naomi Lamoreaux

• Legal Regime and Business’s Organizational Choice: A Comparison of France and the United States during the Mid-Nineteenth Century. Joint with Naomi Lamoreaux

Aaron Tornell

• The Credit Channel in Middle Income Countries (October 2002), with Frank Westermann (Abstract)

• Robust-H_infinity Forecasting and Asset Pricing Anomalies (December 2001) (Abstract)

• The Role of Bank Restructuring in Recovering From Crises: Mexico 1995-1998 (March 1999), with Anne Krueger (Abstract)

• Soft Landings (February 2000), with Martin Schneider (Abstract)

• Credit Market Imperfections in Middle Income Countries (January 2003) (Abstract)

• Crises and Growth: A Re-evaluation (September 2003)

• Exchange Rate Puzzles and Distorted Beleifs (June 2003), with Pierre-Olivier Gourinchas

• Exchange Rate Anomalies Under Model Misspecification: A Mixed Optimal/Robust Approach (January 2003)

• Liberalization, Growth and Financial Crises (October 2003)

• Balance Sheet Effects, Bailout Guarantees and Financial Crises (2004, Review of Economic Studies) (Abstract)

• Systemic Crises and Growth (May 2007, forthcoming Quarterly Journal of Economics)

• Concentrated Ownership and Bailout Guarantees (November 2005)

• Decomposing the Effects of Financial Liberalization: Crises vs. Growth, Journal of Banking and Finance, December 2006.

• Unpublished Appendix to Systemic Crises and Growth (May 2007)

• Exchange Rates Under Robustness: The Forward Premium Puzzle and Momentum (November 2007) (Abstract)