MN Macro 2001

The Size of the Permanent Component of Asset Pricing Kernels

Fernando Alvarez (Chicago), Urban Jermann (FRB Minneapolis)

Incomplete Markets, Growth, and the Business Cycle

George-Marios Angeletos (MIT), Laurent Calvet (Harvard)

Interest Rate Stabilization and the Allocation of Liquidity

Guido Lorenzoni (MIT)

Optimal Indirect and Capital Taxation

Mike Golosov (University of Minnesota and FRB Minneapolis), Narayana Kocherlakota (University of Minnesota and FRB Minneapolis), Aleh Tsyvinski (University of Minnesota and FRB Minneapolis)

Self-Control and the Theory of Consumption

Faruk Gul (Princeton), Wolfgang Pesendorfer (Princeton)

The Assignment of Workers to Jobs in an Economy with Coordination Frictions

Robert Shimer (Princeton)

Consumption and Saving over the Life Cycle: How Important are Consumer Durables?

Jesus Fernandez-Villaverde (University of Minnesota and FRB Minneapolis), Dirk Krueger (Stanford)

Mismeasurement of the Elasticity of Intertemporal Substitution: The Role of Limited Stock Market Participation

Fatih Guvenen (Carnegie Mellon)

Consumption and Risk Sharing Over the Life Cycle

Chris Telmer (Carnegie Mellon), Kjetil Storesletten (Stockholm), Amir Yaron (Wharton)

Competition, Imitation, and Growth with Step-by-Step Innovation

Philippe Aghion (Harvard), C. Harris (King's College, Cambridge), P. Howitt (Brown), J. Vickers (All Souls College, Oxford)

Climbing Up the Market Ladder: Industry Dynamics with Advertising

Mehmet Yorukoglu (Chicago), Emin M. Dinlersoz (Houston)

Population Growth, Technological Adoption and Economic Outcomes in the Information Era

David A. Green (UBC), Paul Beaudry (UBC)

A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

Satyajit Chatterjee (FRB Philadelphia), Dean Corbae (Pittsburgh), Makoto Nakajima (Penn), José-Víctor Ríos-Rull (Penn)

Love and Money: A Theoretical and Empirical Analysis of Household Sorting and Inequality

Raquel Fernandez (NYU), Nezih Guner (Queen's), John Knowles (Penn)

Does Income Inequality Lead to Consumption Inequality? Empirical Findings and a Theoretical Explanation

Dirk Krueger (Stanford), Fabrizio Perri (NYU)