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Publications

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Is There a Stable Relationship between Unemployment and Future Inflation?,” with

Callum Jones, Mariano Kulish, and Juan Pablo Nicolini, October 2020, Staff Report 614, Federal Reserve Bank of Minneapolis.

 

Is There a Stable Relationship between Unemployment and Future Inflation? Evidence from U.S. Cities,” with Juan Pablo Nicolini, May 2014, Working Paper 713, Federal Reserve Bank of Minneapolis.

 

Degrees of Job Security,” with Wonho Chun and Phil Davies, The Region, Federal Reserve Bank of Minneapolis, December 2010

 

Where Has All the Income Gone?,” The Region, Federal Reserve Bank of Minneapolis, September 2008

 

Has Middle America Stagnated?,” The Region, Federal Reserve Bank of Minneapolis, September 2007.

 

 “Business Cycles and Long-Term Growth: Lessons from Minnesota,” The Region, Federal Reserve Bank of Minneapolis, June 2003.

 

The Band Pass Filter,” with Lawrence J. Christiano, International Economic Review, May 2003, Vol. 44, Issue 2.

 

Inflation and Monetary Policy in the Twentieth Century,” with Lawrence J. Christiano, Economic Perspectives, Federal Reserve Bank of Chicago, First Quarter 2003, Vol. 27, Issue 1.

 

Understanding the Fiscal Theory of the Price Level,” with Lawrence J. Christiano, Economic Review, Federal Reserve Bank of Cleveland, Second Quarter 2000, Vol. 36, No. 2.

 

Understanding the Fiscal Theory of the Price Level,” with Lawrence J. Christiano, April 2000, Working Paper 7668, National Bureau of Economic Research.

 

The Business Cycle: It’s Still a Puzzle,” with Lawrence J. Christiano, Economic Perspectives, Federal Reserve Bank of Chicago, Fourth Quarter 1998, Vol. 22, Issue 4.

 

Work Schedules, Wages, and Employment in a General Equilibrium Model with Team Production,” Review of Economic Dynamics, 1998, Vol. 1, Issue 4.

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An Introduction to the Search Theory of Unemployment,” Economic Review, Federal Reserve Bank of Cleveland, Third Quarter 1998, Vol. 34, No. 3.

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Inventories and the Business Cycle: An Overview,” Economic Review, Federal Reserve Bank of Cleveland, Third Quarter 1997, Vol. 3, No. 3.

 

 “Reducing Working Hours,” Economic Review, Federal Reserve Bank of Cleveland, Fourth Quarter 1996, Vol. 32, No. 4.  Reprinted in Quaderni di ricerca sull’artigianato: Rivista di economia, cultura e ricerca sociale dell’Associazione Artigiani Mestre CGIA, , I quadrimestre 1998, numero 23.

 

Banking in Computable General Equilibrium Economies,” with Javier Diaz-Gimenez, Edward C. Prescott, and Fernando Alvarez, Journal of Economic Dynamics and Control, 1992, Vol. 16, No. 3–4.

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A Simple Way to Estimate Current-Quarter GNP,” with Preston J. Miller, Quarterly Review, Federal Reserve Bank of Minneapolis, Fall 1989. 

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Reviews and Commentaries

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Review of A Splendid Exchange: How Trade Shaped the World by William J. Bernstein, The Region, Federal Reserve Bank of Minneapolis, December 2008.

 

Review of Economic Turbulence: Is a Volatile Economy Good for America? by Clair Brown, John Haltiwanger and Julia Lane, The Region, Federal Reserve Bank of Minneapolis, September 2007.

 

Review of Why Globalization Works by Martin Wolf, The Region, Federal Reserve Bank of Minneapolis, September 2006.

 

Reviews of Freakonomics by Steven D. Levitt and Steven J. Dubner and The Wisdom of Crowds by James Surowiecki, The Region, Federal Reserve Bank of Minneapolis, September 2005.

 

Review of In Defense of Globalization by Jagdish Bhagwati, The Region, Federal Reserve Bank of Minneapolis, September 2004.

 

Review of The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics by William Easterly, The Region, Federal Reserve Bank of Minneapolis, September 2003.

 

From Market Failure to Market-Based Solution: Policy Lessons from Clean Air Legislation,” with Eduard Pelz, Economic Commentary, Federal Reserve Bank of Cleveland, August 1, 2001.

 

Price Stability: Is a Tough Central Bank Enough?,” with Lawrence Christiano, Economic Commentary, Federal Reserve Bank of Cleveland, August 1, 2000.

 

 “Money Growth and Inflation: How Long Is the Long-Run?”, Economic Commentary, Federal Reserve Bank of Cleveland, August 1, 1999.

 

 “What Happened to the Inventory Overhang?,” with Jennifer K. Ransom, Economic Commentary, Federal Reserve Bank of Cleveland, March 15, 1998.

 

Okun's Law Revisited: Should We Worry about Low Unemployment?”, with David Altig and Peter Rupert, Economic Commentary, Federal Reserve Bank of Cleveland, May 15, 1997.

 

Is Noninflationary Growth an Oxymoron?” with David Altig and Peter Rupert, Economic Commentary, Federal Reserve Bank of Cleveland, May 1, 1997.

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