The Poverty of Nations: A Quantitative Investigation
We ask what fraction of the variation in incomes across countries can be accounted for by investment distortions. In our neoclassical growth model the relative price of investme...
Publications
3 shownSticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
We construct a quantitative equilibrium model with firms setting prices in a staggered fashion and use it to ask whether monetary shocks can generate business cycle fluctuations...
Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets
We analyze the effects of money injections on interest rates and exchange rates when agents must pay a Baumol-Tobin-style fixed cost to exchange bonds and money. Asset markets a...
Frequent Co-Authors
Researcher Info
- h-index
- 3
- Publications
- 3
- Citations
- 1,067
- Institution
- Federal Reserve Bank of Minneapolis
External Links
Identifiers
- ORCID
- 0000-0001-5738-1236
Impact Metrics
h-index
3
h-index: Number of publications with at least h citations each.