QMRBC

QM&RBC Bibliography Online

This page is a new attempt at producing a valuable bibliography of Stochastic Dynamic General Equilibrium theory. A first attempt is still available here. While this old compilation got the QM&RBC page starting (in early 1995...), it is now hopelessly obsolete and, most importantly, does not feature links to online material. Now that RePEc has grown so much, it has become possible to build a meaningful bibliography from its online contents, and this page is also here to prove that.
This is not supposed to be a comprehensive bibliography: indeed there would be too many papers to put to be manageable. Rather this is an edited listing of the important papers is various subfields. Suggestions, both in terms of papers and categories, are welcome, but I retain complete authority over editorial decisions. Also, only items listed in IDEAS are listed. I hope not too much of a personal bias is showing here. It is simply a matter of finding stable URLs.
This bibliography is ongoing work and more items will be added as time permits. In particular, papers published by Elsevier are absent. Elsevier joined only recently RePEc and these articles will be added as soon as I find the time.

Seminal papers

Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Vol. 50 (6) pp. 1345-70.
Edward C. Prescott, 1986. "Theory ahead of business cycle measurement," Quarterly Review, (Fall) pp. 9-22.
Long, John B, Jr & Plosser, Charles I, 1983. "Real Business Cycles," Journal of Political Economy, Vol. 91 (1) pp. 39-69.

General surveys

Robert G. King & Sergio T. Rebelo, 2000. "Resuscitating Real Business Cycles," NBER Working Papers 7534, National Bureau of Economic Research, Inc
George W. Stadler, 1994. "Real Business Cycles," Journal of Economic Literature, Vol. 32 (4) pp. 1750-1783.
Plosser, Charles I, 1989. "Understanding Real Business Cycles," Journal of Economic Perspectives, Vol. 3 (3) pp. 51-77.

Methodology

Kydland, Finn E & Prescott, Edward C, 1996. "The Computational Experiment: An Econometric Tool," Journal of Economic Perspectives, Vol. 10 (1) pp. 69-85.
Edward C. Prescott, 2002. "Richard T. Ely Lecture: Prosperity and Depression," American Economic Review, Vol. 92 (2) pp. 1-15.
Hansen, Lars Peter & Heckman, James J, 1996. "The Empirical Foundations of Calibration," Journal of Economic Perspectives, Vol. 10 (1) pp. 87-104.

Critical papers

Mankiw, N Gregory, 1989. "Real Business Cycles: A New Keynesian Perspective," Journal of Economic Perspectives, Vol. 3 (3) pp. 79-90.
Romer, David, 1993. "The New Keynesian Synthesis," Journal of Economic Perspectives, Vol. 7 (1) pp. 5-22.
Lawrence H. Summers, 1986. "Some skeptical observations on real business cycle theory," Federal Reserve Bank of Minneapolis Quarterly Review, (Fall) pp. 23-27.

Stylized facts

Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Federal Bank of Minneapolis Quarterly Review, (Spr) pp. 3-18.
Cogley, Timothy & Nason, James M, 1995. "Output Dynamics in Real-Business-Cycle Models," American Economic Review, Vol. 85 (3) pp. 492-511.
Hodrick, Robert J & Prescott, Edward C, 1997. "Postwar U.S. Business Cycles: An Empirical Investigation," Journal of Money, Credit and Banking, Vol. 29 (1) pp. 1-16.
Cochrane, John H., 1995, "Shocks," NBER Reprints 2019 (also Working Paper 4698 ), National Bureau of Economic Research, Inc

Consumption/Savings

Deaton, Angus, 1991. "Saving and Liquidity Constraints," Econometrica, Vol. 59 (5) pp. 1221-48.
Aiyagari, S Rao, 1994. "Uninsured Idiosyncratic Risk and Aggregate Saving," The Quarterly Journal of Economics, Vol. 109 (3) pp. 659-84.
Pierre-Olivier Gourinchas & Jonathan A. Parker, 2002. "Consumption Over the Life Cycle," Econometrica, Vol. 70 (1) pp. 47-89.
Carroll, Christopher D, 1994. "How Does Future Income Affect Current Consumption?," The Quarterly Journal of Economics, Vol. 109 (1) pp. 111-47.
Hansen, Gary D & Imrohoroglu, Ayse, 1992. "The Role of Unemployment Insurance in an Economy with Liquidity Constraints and Moral Hazard," Journal of Political Economy, Vol. 100 (1) pp. 118-42.
Per Krusell & Anthony A. Smith, Jr., 2003. "Consumption--Savings Decisions with Quasi--Geometric Discounting," Econometrica, Vol. 71 (1) pp. 365-375.

Investment

Cooper, Russell & Haltiwanger, John, 1993. "The Aggregate Implications of Machine Replacement: Theory and Evidence," American Economic Review, Vol. 83 (3) pp. 360-82.
Russell W. Cooper & John C. Haltiwanger, 2000. "On the Nature of Capital Adjustment Costs," NBER Working Papers 7925, National Bureau of Economic Research, Inc
Russell Cooper & John Haltiwanger & Laura Power, 1999. "Machine Replacement and the Business Cycle: Lumps and Bumps," American Economic Review, Vol. 89 (4) pp. 921-946.
Marcelo L. Veracierto, 2002, "Plant-Level Irreversible Investment and Equilibrium Business Cycles", American Economic Review, Vol. 92 (1) pp. 181-197.
Julia K. Thomas, 2002. "Is lumpy investment relevant for the business cycle?," Staff Report 302, Federal Reserve Bank of Minneapolis
Lucas, Robert E, Jr & Prescott, Edward C, 1971. "Investment Under Uncertainty," Econometrica, Vol. 39 (5) pp. 659-81.

Inventories

International

General

Backus, David K & Kehoe, Patrick J & Kydland, Finn E, 1992. "International Real Business Cycles," Journal of Political Economy, Vol. 100 (4) pp. 745-75.
Backus, David K & Kehoe, Patrick J & Kydland, Finn E, 1994. "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?," American Economic Review, Vol. 84 (1) pp. 84-103.
Mendoza, Enrique G, 1991. "Real Business Cycles in a Small Open Economy," American Economic Review, Vol. 81 (4) pp. 797-818.
Mendoza, Enrique G, 1995. "The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations," International Economic Review, Vol. 36 (1) pp. 101-37.
Baxter, Marianne & Crucini, Mario J, 1993. "Explaining Saving-Investment Correlations," American Economic Review, Vol. 83 (3) pp. 416-36.
Stockman, Alan C & Tesar, Linda L, 1995. "Tastes and Technology in a Two-Country Model of the Business Cycle: Explaining International Comovements," American Economic Review, Vol. 85 (1) pp. 168-85.

Facts

David Backus & Patrick J. Kehoe & Finn E. Kydland, 1993. "International Business Cycles: Theory and Evidence," NBER Working Papers 4493, National Bureau of Economic Research, Inc
Ambler, S. & Cardia, E. & Zimmermann, C., 2000. "International Business Cycles: What Are the Facts?," Cahiers de recherche 2000-05, Universite de Montreal, Departement de sciences economiques

Trade

Terms of Trade

Money

Surveys

Richard Clarida & Jordi Gali & Mark Gertler, 1999. "The Science of Monetary Policy: A New Keynesian Perspective," Journal of Economic Literature, Vol. 37 (4) pp. 1661-1707.
Neil Wallace, 2001. "Whither Monetary Economics?," International Economic Review, Vol. 42 (4) pp. 847-869.
Neil Wallace, 1998. "A dictum for monetary theory," Federal Reserve Bank of Minneapolis Quarterly Review, (Wint) pp. 20-26.

Facts

Price rigidities

Mankiw, N Gregory, 1989. "Real Business Cycles: A New Keynesian Perspective," Journal of Economic Perspectives, Vol. 3 (3) pp. 79-90.
Blanchard, Olivier Jean & Kiyotaki, Nobuhiro, 1987. "Monopolistic Competition and the Effects of Aggregate Demand," American Economic Review, Vol. 77 (4) pp. 647-66.
Danthine, Jean-Pierre, 1997. "In Search of a Successor to IS-LM," Oxford Review of Economic Policy, Vol. 13 (3) pp. 135-44.
Fuhrer, Jeff & Moore, George, 1995. "Inflation Persistence," The Quarterly Journal of Economics, Vol. 110 (1) pp. 127-59.
V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2000. "Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?," Econometrica, Vol. 68 (5) pp. 1151-1180.

Search

Kiyotaki, Nobuhiro & Wright, Randall, 1989. "On Money as a Medium of Exchange," Journal of Political Economy, Vol. 97 (4) pp. 927-54.
Shouyong Shi, 1997. "A Divisible Search Model of Fiat Money," Econometrica, Vol. 65 (1) pp. 75-102.
Ricardo Lagos, 2000. "An Alternative Approach to Search Frictions," Journal of Political Economy, Vol. 108 (5) pp. 851-873.

Monetary policy

Chari, V V & Christiano, Lawrence J & Kehoe, Patrick J, 1991. "Optimal Fiscal and Monetary Policy: Some Recent Results," Journal of Money, Credit and Banking, Vol. 23 (3) pp. 519-39.

Labor

General

Davis, Steven J & Haltiwanger, John C, 1992. "Gross Job Creation, Gross Job Destruction, and Employment Reallocation," The Quarterly Journal of Economics, Vol. 107 (3) pp. 819-63.
Rogerson, Richard, 1987. "An Equilibrium Model of Sectoral Reallocation," Journal of Political Economy, Vol. 95 (4) pp. 824-34.
Caballero, Ricardo J & Engel, Eduardo M R A & Haltiwanger, John, 1997. "Aggregate Employment Dynamics: Building from Microeconomic Evidence," American Economic Review, Vol. 87 (1) pp. 115-37.
Christiano, Lawrence J & Eichenbaum, Martin, 1992. "Current Real-Business-Cycle Theories and Aggregate Labor-Market Fluctuations," American Economic Review, Vol. 82 (3) pp. 430-50.
Wouter J. den Haan & Garey Ramey & Joel Watson, 2000. "Job Destruction and Propagation of Shocks," American Economic Review, Vol. 90 (3) pp. 482-498.

Surveys

Gary D. Hansen & Randall Wright, 1992. "The labor market in real business cycle theory," Federal Reserve Bank of Minneapolis Quarterly Review, (Spr) pp. 2-12.
Finn E. Kydland, 1993. "Business cycles and aggregate labor-market fluctuations," Working Paper 9312, Federal Reserve Bank of Cleveland

Facts

Labor rigidities

Burnside, Craig & Eichenbaum, Martin & Rebelo, Sergio, 1993. "http://ideas.repec.org/a/ucp/jpolec/v101y1993i2p245-73.html>Labor Hoarding and the Business Cycle," Journal of Political Economy, Vol. 101 (2) pp. 245-73.
Giuseppe Bertola & Ricardo J. Caballero, 1993. "Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment," Review of Economic Studies, Vol. 61 (3) pp. 435-456.
Jeffrey R. Campbell & Jonas D. M. Fisher, 2000. "Aggregate Employment Fluctuations with Microeconomic Asymmetries," American Economic Review, Vol. 90 (5) pp. 1323-1345.

Wage rigidities

Taylor, John B, 1979. "Staggered Wage Setting in a Macro Model," American Economic Review, Vol. 69 (2) pp. 108-13.

Search and matching

Howitt, Peter & McAfee, R Preston, 1987. "Costly Search and Recruiting," International Economic Review, Vol. 28 (1) pp. 89-107.
Jovanovic, Boyan, 1979. "Job Matching and the Theory of Turnover," Journal of Political Economy, Vol. 87 (5) pp. 972-90.
Jovanovic, Boyan, 1984. "Matching, Turnover, and Unemployment," Journal of Political Economy, Vol. 92 (1) pp. 108-22.
Barbara Petrongolo & Christopher A. Pissarides, 2001. "Looking into the Black Box: A Survey of the Matching Function," Journal of Economic Literature, Vol. 39 (2) pp. 390-431.
Eran Yashiv, 2000. "The Determinants of Equilibrium Unemployment," American Economic Review, Vol. 90 (5) pp. 1297-1322.
Andolfatto, David, 1996, "Business Cycles and Labor-Market Search," American Economic Review, Vol. 86 (1) pp. 112-32.
Cole, Harold L & Rogerson, Richard, 1999. "Can the Mortensen-Pissarides Matching Model Match the Business-Cycle Facts?," International Economic Review, Vol. 40 (4) pp. 933-59.
Howitt, Peter, 1988. "Business Cycles with Costly Search and Recruiting," The Quarterly Journal of Economics, Vol. 103 (1) pp. 147-65.
Mortensen, Dale T, 1999. "Equilibrium Unemployment Dynamics," International Economic Review, Vol. 40 (4) pp. 889-914.
Wright, Randall, 1986. "Job Search and Cyclical Unemployment," Journal of Political Economy, Vol. 94 (1) pp. 38-55.
Diamond, Peter A., 1982. "Wage Determination and Efficiency in Search Equilibrium," Review of Economic Studies, Vol 49 (2) pp. 217-27.
Hosios, Arthur J., 1990. "On the Efficiency of Matching and Related Models of Search and Unemployment," Review of Economic Studies, Vol. 57 (2) pp. 279-98.
# Robert Shimer, 2003. "The Cyclical Behavior of Equilibrium Unemployment and Vacancies: Evidence and Theory," NBER Working Papers 9536, National Bureau of Economic Research, Inc

Efficiency Wages

Shapiro, Carl & Stiglitz, Joseph E, 1984. "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, Vol. 74 (3) pp. 433-44.

Distribution

Per Krusell and Anthony A. Smith, Jr., 1998. "Income and Wealth Heterogeneity in the Macroeconomy," Journal of Political Economy, Vol. 106 (5) pp. 867-896.
Heaton, John & Lucas, Deborah J, 1996. "Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing," Journal of Political Economy, Vol. 104 (3) pp. 443-87.
Javier Diaz-Gimenez & Vincenzo Quadrini & Jose-Victor Rios-Rull, 1997. "Dimensions of inequality: facts on the U.S. distributions of earnings, income, and wealth," Federal Reserve Bank of Minneapolis Quarterly Review, (Spr) pp. 3-21.

Redistribution

Hubbard, R Glenn & Skinner, Jonathan & Zeldes, Stephen P, 1995. "Precautionary Saving and Social Insurance," Journal of Political Economy, Vol. 103 (2) pp. 360-99.
Kjetil Storesletten & Chris Telmer & Amir Yaron, 1998. "The risk sharing implications of alternative social security arrangements," GSIA Working Papers 252, Carnegie Mellon University, Graduate School of Industrial Administration
Stephane Pallage & Christian Zimmermann, 2001. "Voting on Unemployment Insurance," International Economic Review, Vol. 42 (4) pp. 903-923.

Fiscal policy

Aiyagari, S Rao, 1995. "Optimal Capital Income Taxation with Incomplete Markets, Borrowing Constraints, and Constant Discounting," Journal of Political Economy, Vol. 103 (6) pp. 1158-75.
Chamley, Christophe, 1986. "Optimal Taxation of Capital Income in General Equilibrium with Infinite Lives," Econometrica, Vol. 54 (3) pp. 607-22.
Chari, V V & Christiano, Lawrence J & Kehoe, Patrick J, 1991. "Optimal Fiscal and Monetary Policy: Some Recent Results," Journal of Money, Credit and Banking, Vol. 23 (3) pp. 519-39.
Chari, V V & Christiano, Lawrence J & Kehoe, Patrick J, 1994. "Optimal Fiscal Policy in a Business Cycle Model," Journal of Political Economy, Vol. 102 (4) pp. 617-52.
Andrew Atkeson & V.V. Chari & Patrick J. Kehoe, 1999. "Taxing capital income: a bad idea," Federal Reserve Bank of Minneapolis Quarterly Review, (Sum) pp. 3-17.
Baxter, Marianne & King, Robert G, 1993. "Fiscal Policy in General Equilibrium," American Economic Review, Vol. 83 (3) pp. 315-34.
Wendy Edelberg & Martin Eichenbaum & Jonas D.M. Fisher, 1999. "Understanding the Effects of a Shock to Government Purchases," Review of Economic Dynamics, Vol. 2 (1) pp. 166-206.

Debt

Barro, Robert J, 1979. "On the Determination of the Public Debt," Journal of Political Economy, Vol. 87 (5) pp. 940-71.
S. Rao Aiyagari & Ellen R. McGrattan, 1995. "The optimum quantity of debt," Staff Report 203, Federal Reserve Bank of Minneapolis

Persistence

Cogley, Timothy & Nason, James M, 1995. "Output Dynamics in Real-Business-Cycle Models," American Economic Review, Vol. 85 (3) pp. 492-511.

Development

Parente, Stephen L & Prescott, Edward C, 1994. "Barriers to Technology Adoption and Development," Journal of Political Economy, Vol. 102 (2) pp. 298-321.
Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, Vol. 94 (5) pp. 1002-37.
Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, Vol. 98 (5) pp. S71-102.
Rebelo, Sergio, 1991. "Long-Run Policy Analysis and Long-Run Growth," Journal of Political Economy, Vol. 99 (3) pp. 500-521.
Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Vol. 60 (2) pp. 323-51.

Homework and domestic production

Benhabib, Jess & Rogerson, Richard & Wright, Randall, 1991. "Homework in Macroeconomics: Household Production and Aggregate Fluctuations," Journal of Political Economy, Vol. 99 (6) pp. 1166-87.
S. Rao Aiyagari, Jeremy Greenwood, and Nezih Guner, 2000. "On the State of the Union," Journal of Political Economy, Vol. 108 (2) pp. 213-244.

Technology shocks

Edward C. Prescott, 1986. "Theory ahead of business cycle measurement," Quarterly Review, (Fall) pp. 9-22.
Jordi Gali, 1999. "Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations?," American Economic Review, Vol. 89 (1) pp. 249-271.
David Andolfatto & Glenn MacDonald, 1998. "Technology Diffusion and Aggregate Dynamics," Review of Economic Dynamics, Vol. 1 (2) pp. 338-370.
Jeffrey Campbell, 1998. "Entry, Exit, Embodied Technology, and Business Cycles," Review of Economic Dynamics, Vol. 1 (2) pp. 371-408.
Dale T. Mortensen & Christopher A. Pissarides, 1998. "Technological Progress, Job Creation and Job Destruction," Review of Economic Dynamics, Vol. 1 (4) pp. 733-753.
Greenwood, Jeremy & Hercowitz, Zvi & Krusell, Per, 1997. "Long-Run Implications of Investment-Specific Technological Change," American Economic Review, Vol. 87 (3) pp. 342-62.
Susanto Basu, 1998. "Technology and business cycles; how well do standard models explain the facts?," Federal Reserve Bank of Boston Conference Series, (Jun) pp. 207-269.

Asset Pricing

Lucas, Robert E, Jr, 1978. "Asset Prices in an Exchange Economy," Econometrica, Vol. 46 (6) pp. 1429-45.
Heaton, John & Lucas, Deborah J, 1996. "Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing," Journal of Political Economy, Vol. 104 (3) pp. 443-87.
Narayana R. Kocherlakota, 1996. "The Equity Premium: It's Still a Puzzle," Journal of Economic Literature, Vol. 34 (1) pp. 42-71.
Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, Vol. 86 (6) pp. 971-87.
Fernando Alvarez & Urban J. Jermann, 2000. "Efficiency, Equilibrium, and Asset Pricing with Risk of Default," Econometrica, Vol. 68 (4) pp. 775-798.

Solution techniques

Taylor, John B & Uhlig, Harald, 1990. "Solving Nonlinear Stochastic Growth Models: A Comparison of Alternative Solution Methods," Journal of Business and Economic Statistics, Vol. 8 (1) pp. 1-17.
Christopher Carroll, 2001. "Death to the Log-Linearized Consumption Euler Equation! (And Very Poor Health to the Second-Order Approximation)," Advances in Macroeconomics, Vol. 1 (1) pp. 1003-1003.
Sydney Ludvigson & Christina H. Paxson, 2001. "Approximation Bias In Linearized Euler Equations," The Review od Economics and Statistics, Vol. 83 (2) pp. 242-256.
Orazio Attanasio & Hamish Low, 2002. "Estimating Euler equations," IFS Working Papers W02/06, Institute for Fiscal Studies
Blanchard, Olivier Jean & Kahn, Charles M, 1980. "The Solution of Linear Difference Models under Rational Expectations," Econometrica, Vol. 48 (5) pp. 1305-11.
Harald Uhlig, 1995. "A toolkit for analyzing nonlinear dynamic stochastic models easily," Discussion Paper / Institute for Empirical Macroeconomics 101, Federal Reserve Bank of Minneapolis
King, Robert G & Watson, Mark W, 1998. "The Solution of Singular Linear Difference Systems under Rational Expectations," International Economics Review, Vol. 39 (4) pp. 1015-26.
Prescott, Edward C & Mehra, Rajnish, 1980. "Recursive Competitive Equilibrium: The Case of Homogeneous Households," Econometrica, Vol. 48 (6) pp. 1365-79.
King, Robert G & Plosser, Charles I & Rebelo, Sergio T, 2002. "Production, Growth and Business Cycles: Technical Appendix," Computational Economics, Vol. 20 (1-2) pp. 87-116.
Sims, Christopher A, 2002. "Solving Linear Rational Expectations Models," Computational Economics, Vol 20 (1-2) pp. 1-20.
Christiano, Lawrence J, 2002. "Solving Dynamic Equilibrium Models by a Method of Undetermined Coefficients," Computational Economics, Vol. 20 (1-2) pp.21-55.

Lucas Critique

Christopher A. Sims, 1986. "Are forecasting models usable for policy analysis?," Federal Reserve Bank of Minneapolis Quarterly Review, (Wint) pp. 2-16.
Jesper Linde, 2001. "Testing for the Lucas Critique: A Quantitative Investigation," American Economic Review, Vol. 91 (4) pp. 986-1005.

Cost of business cycles

Jim Dolmas, 1998. "Risk Preferences and the Welfare Cost of Business Cycles," Review of Economic Dynamics, Vol. 1 (3) pp. 646-676
Per Krusell & Anthony A. Smith, Jr., 1999. "On the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, Vol. 2 (1) pp. 245-272.
Imrohoruglu, Ayse, 1989. "Cost of Business Cycles with Indivisibilities and Liquidity Constraints," Journal of Political Economy, Vol. 97 (6) pp. 1364-83.

Estimation and testing

Watson, Mark W, 1993. "Measures of Fit for Calibrated Models," Journal of Political Economy, Vol. 101 (6) pp. 1011-41.
Rotemberg, Julio J & Woodford, Michael, 1996. "Real-Business-Cycle Models and the Forecastable Movements in Output, Hours, and Consumption," American Economic Review, Vol. 86 (1) pp. 71-89.
Campbell, John Y & Shiller, Robert J, 1987. "Cointegration and Tests of Present Value Models," Journal of Political Economy, Vol. 95 (5) pp. 1062-88.
Orazio Attanasio & Hamish Low, 2002. "Estimating Euler equations," IFS Working Papers W02/06, Institute for Fiscal Studies
Christopher Carroll, 2001. "Death to the Log-Linearized Consumption Euler Equation! (And Very Poor Health to the Second-Order Approximation)," Advances in Macroeconomics, Vol. 1 (1) pp. 1003-1003.
Sydney Ludvigson & Christina H. Paxson, 2001. "Approximation Bias In Linearized Euler Equations," The Review od Economics and Statistics, Vol. 83 (2) pp. 242-256.
Pierre-Olivier Gourinchas & Jonathan A. Parker, 2002. "Consumption Over the Life Cycle," Econometrica, Vol. 70 (1) pp. 47-89.
Cogley, Timothy & Nason, James M, 1995. "Output Dynamics in Real-Business-Cycle Models," American Economic Review, Vol. 85 (3) pp. 492-511.

Industrial Dynamics

Greenwood, J. & Jovanovic, B., 1999. "The IT Revolution and the Stock Market," RCER Working Papers 460, University of Rochester - Center for Economic Research (RCER)
David Andolfatto & Glenn MacDonald, 1998. "Technology Diffusion and Aggregate Dynamics," Review of Economic Dynamics, Vol. 1 (2) pp. 338-370.
Andrew Atkeson & Patrick J. Kehoe, 2001. "Measuring organization capital," Staff Report 291, Federal Reserve Bank of Minneapolis
Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Vol. 50 (3) pp. 649-70.

Vintage Capital

Chari, V V & Hopenhayn, Hugo, 1991. "Vintage Human Capital, Growth, and the Diffusion of New Technology," Journal of Political Economy, Vol. 99 (6) pp. 1142-65.

Multiple Equilibria

Cass, David & Shell, Karl, 1983. "Do Sunspots Matter?," Journal of Political Economy, Vol. 91 (2) pp. 193-227.
Thomas A. Lubik & Frank Schorfheide, 2001. "Computing Sunspots in Linear Rational Expectations Models," Papers 456, Johns Hopkins - Department of Economics
Jordi Gali�, 1996. "Multiple equilibria in a growth model with monopolistic competition," Economic Theory, Vol. 8 (2) pp. 251-266.

Optimal Policy

Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, Vol. 85 (3) pp. 473-91.
Albanesi, Stefania, 2003. "Optimal and Time-Consistent Monetary and Fiscal Policy with Heterogeneous Agents," CEPR Discussion Papers 3713, C.E.P.R.
Chari, V V & Kehoe, Patrick J, 1990. "Sustainable Plans," Journal of Political Economy, Vol. 98 (4) pp. 783-802.
Aiyagari, S Rao, 1995. "Optimal Capital Income Taxation with Incomplete Markets, Borrowing Constraints, and Constant Discounting," Journal of Political Economy, Vol. 103 (6) pp. 1158-75.
Chari, V V & Christiano, Lawrence J & Kehoe, Patrick J, 1991. "Optimal Fiscal and Monetary Policy: Some Recent Results," Journal of Money, Credit and Banking, Vol. 23 (3) pp. 519-39.

Event Studies

Harold L Cole & Lee E. Ohanian, 2002. "The U.S. and U.K. Great Depressions through the Lens of Neoclassical Growth Theory," American Economic Review, Vol. 92 (2) pp. 28-32.
Hansen, Gary D & Prescott, Edward C, 1993. "Did Technology Shocks Cause the 1990-1991 Recession?," American Economic Review, Vol. 83 (2) pp. 280-86.
Timothy J. Kehoe & Edward C. Prescott, 2002. "Great Depressions of the Twentieth Century," Review of Economic Dynamics, Vol. 5 (1) pp. 1-18.
Guillermo A. Calvo & Enrique G. Mendoza, 2000. "Capital-Markets Crises and Economic Collapse in Emerging Markets: An Informational-Frictions Approach," American Economic Review, Vol. 90 (2) pp. 59-64.

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