Institution
Federal Reserve Bank of Minneapolis
Other•Minneapolis, Minnesota, United States•
About: Federal Reserve Bank of Minneapolis is a other organization based out in Minneapolis, Minnesota, United States. It is known for research contribution in the topics: Monetary policy & Debt. The organization has 170 authors who have published 977 publications receiving 78327 citations.
Topics: Monetary policy, Debt, Consumption (economics), Investment (macroeconomics), General equilibrium theory
Papers published on a yearly basis
Papers
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TL;DR: This paper showed that an equilibrium model which is not an Arrow-Debreu economy will be the one that simultaneously rationalizes both historically observed large average equity return and the small average risk-free return.
6,141 citations
TL;DR: In this article, the authors present a qualitative and quantitative analysis of the standard growth model modified to include precautionary saving motives and liquidity constraints, and address the impact on the aggregate saving rate, the importance of asset trading to individuals, and the relative inequality of wealth and income distributions.
Abstract: We present a qualitative and quantitative analysis of the standard growth model modified to include precautionary saving motives and liquidity constraints. We address the impact on the aggregate saving rate, the importance of asset trading to individuals, and the relative inequality of wealth and income distributions.
2,738 citations
TL;DR: In this paper, a model is examined in which the ability to build on the human capital of one's elders plays an important role in linking growth to schooling, and it is shown that the impact of schooling on growth explains less than one third of the empirical cross-country relationship.
Abstract: A number of economists find that growth and schooling are highly correlated across countries. A model is examined in which the ability to build on the human capital of one's elders plays an important role in linking growth to schooling. The model is calibrated to quantify the strength of the effect of schooling on growth by using evidence from the labor literature on Mincerian returns to education. The upshot is that the impact of schooling on growth explains less than one-third of the empirical cross-country relationship. The ability of reverse causality to explain this empirical relationship is also investigated.
1,910 citations
TL;DR: In this article, the authors reviewed recent developments in business cycle theory and found that the growth model, which was developed to account for the secular patterns in important economic aggregates, displays the business cycle phenomena once it incorporates the observed randomness in the rate of technological advance.
1,883 citations
TL;DR: This paper showed that the two-way fixed effects estimator equals a weighted average of all possible two-group/two-period DD estimators in the data and decompose the difference between two specifications, and provide a new analysis of models that include time-varying controls.
1,414 citations
Authors
Showing all 174 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Thomas J. Sargent | 96 | 370 | 39224 |
| Lawrence J. Christiano | 85 | 253 | 37734 |
| Robert E. Lucas | 81 | 204 | 94081 |
| Edward C. Prescott | 72 | 235 | 55508 |
| Michael Keane | 71 | 439 | 22654 |
| Patrick J. Kehoe | 69 | 247 | 20991 |
| John Geweke | 67 | 190 | 23892 |
| David K. Levine | 66 | 358 | 22455 |
| Randall Wright | 64 | 268 | 16578 |
| Richard Rogerson | 60 | 223 | 18692 |
| Harald Uhlig | 54 | 239 | 15442 |
| Ravi Jagannathan | 53 | 179 | 24075 |
| Varadarajan Chari | 52 | 177 | 12981 |
| Ellen R. McGrattan | 50 | 169 | 11207 |
| Peter J. Klenow | 50 | 109 | 18546 |