Robert
E. Hall - All Publications
Books:
Economics: Principles and
Applications (with Marc Lieberman) South-Western, 1997; sixth edition,
2012.
Forward-Looking Decision Making, the Gorman Lectures, Princeton University Press,
2010. (Full text download by arrangement with
publisher.)
Digital Dealing: How eMarkets are Transforming the
Economy. Norton, 2002.
Booms and Recessions in a Noisy
Economy, Arthur Okun Memorial Lectures,
Yale University Press, New Haven, Connecticut, 1991.
The Rational Consumer: Theory and Evidence, Chapter 1, A
Theory of Inheritance, MIT Press, Cambridge, Massachusetts, 1990.
Macroeconomics, Sixth Edition (with
David Papell), W.W. Norton, 2005 (previous editions
with John Taylor). Second
edition, 1988. Third edition, 1991. Fourth edition, 1993.
Fifth edition, 1997.
The Flat Tax (complete text can be downloaded) (with Alvin Rabushka), Hoover Press, 1985. Second
edition, 1995.
Low Tax,
Simple Tax, Flat Tax (with Alvin Rabushka), McGraw-Hill,
1983.
Inflation: Causes and Effects,
University of Chicago Press for the National Bureau of Economic Research, 1982
(editor).
Articles and Papers:
2013
What the Cyclical Response of
Advertising Reveals about Markups and Other Macroeconomic Wedges, NBER Working Paper 18370, March 2013.
– Data and Calculations -
Fiscal Stability of High-Debt Nations
under Volatile Economic Conditions, NBER Working Paper 18797, February 2013.
2012
Diagnosing Consumer
Confusion and Sub-Optimal Shopping Effort: Theory and Mortgage-Market Evidence (with Susan Woodward), American
Economic Review, 2012, 102(7), December, pp. 3249-3276. – PROGRAMS -
Viewing Job-Seekers’
Reservation Wages and Acceptance Decisions through the Lens of Search Theory, September 2012.
How the Financial Crisis
Caused Persistent Unemployment, in Lee E. Ohanian, John B. Taylor, Ian
J. Wright (eds.) Government Policies and the Delayed Economic Recovery, Hoover
Institution Press, 2012, pp. 57-83.
Quantifying the Forces
Leading to the Collapse of GDP after the Financial Crisis, February 2012 (replaces “Clashing Theories of Unemployment” May
2011).
Evidence on the Incidence
of Wage Posting, Wage Bargaining, and on-the-Job Search (with Alan B. Krueger), American Economic Journal: Macroeconomics,
2012, 4(4), pp. 56-67. - DATA: Programs and Results / DATA: Survey -
2011
The High Sensitivity of
Economic Activity to Financial Frictions, The Economic Journal,
2011, 121, May, pp. 351-378. - DATA AND PROGRAMS (ZIP FILE) -
The Long Slump (2011 AEA Presidential Address), American
Economic Review, 2011, 101(2), April, pp. 431-469. – MATERIALS FOR MY
AEA PRESIDENTIAL ADDRESS –
Reference Guide on Estimation of
Economic Damages (with Victoria A. Lazear and
Mark S. Allen), Reference Manual on Scientific Evidence, Washington:
Federal Judicial Center, 1994. Third Edition 2011.
2010
The Labor Market in the
Current Slump, November 2010.
Why Does the Economy Fall to Pieces
after a Financial Crisis?, Journal
of Economic Perspectives, 24(4), Fall 2010, pp.
3-20.
Fiscal Stimulus, Daedalus, Fall 2010, pp. 83-94.
The
Burden of the Nondiversifiable Risk of
Entrepreneurship (with Susan Woodward), American
Economic Review, 2010, 100 (3),
June, pp. 1163-1194. - PROGRAMS -
2009
By How Much Does GDP Rise
if the Government Buys More Output? Brookings Papers on
Economic Activity, 2009, 2, pp. 183-231. - DATA AND SLIDES (ZIP FILE) -
Reconciling
Cyclical Movements in the Marginal Value of Time and the Marginal Product of
Labor, Journal of Political Economy, April
2009, 117(2), pp. 281-323. (Replaces “Sources and Mechanisms of Cyclical Fluctuations in the
Labor Market”). – DATA -
2008
Cyclical Movements along
the Labor Supply Function, in Katharine Bradbury, Christopher L. Foote, Robert K. Triest, (eds.) Labor Supply in the New Century, Federal
Reserve Bank of Boston, 2008, pp. 241-278.
Potential
Competition, Limit Pricing, and Price Elevation from Exclusionary Conduct, in Issues in Competition Law and Policy, Vol. 1,
ABA Publishing Chicago, 2008, pp. 433-448.
The Limited Influence of Unemployment on the Wage Bargain (with
Paul R. Milgrom), American Economic
Review, September 2008, 98(4), pp. 1653-1674 (PDF 278 kb). – DATA -
Equity
Depletion from Government-Guaranteed Debt, December 2008, published as Chapter 7 of Forward-Looking Decision Making, titled “Financial
Stability with Government-Guaranteed Debt.”
General Equilibrium with
Customer Relationships: A Dynamic Analysis of Rent-Seeking, February 2008 (PDF 615 kb)
2007
How Much Do We Understand about the
Modern Recession? Brookings Papers on Economic Activity, 2007, 2, pp. 13-28. - DATA -
Review of Michael D. Whinston’s Lectures
on Antitrust Economics, Journal of Economic Literature, 45(4), December 2007, pp. 1066-1070.
The Incentives to Start
New Companies: Evidence from Venture Capital (with Susan Woodward) April 2007 (PDF 400 kb). NBER
Working Paper 13056.
The Value of Life and the Rise in Health Spending (with
Charles I. Jones), Quarterly Journal of Economics, February 2007,
122(1), pp. 39-72. - DATA -
2006
Complete Markets as an
Approximation to the Bewley Equilibrium with
Unemployment Risk, August 22, 2006 (PDF 166 kb).
The Labor Market and Macro
Volatility: A Nonstationary General-Equilibrium
Analysis, April 9, 2006 (PDF 280 kb).
Editorial on Ben Bernanke appointment, Wall Street Journal, February 21, 2006.
The Macroeconomy
and Determinants of the Earnings of Less-Skilled Workers, in R.
Blank, S. Danziger, and R. Schoeni
(eds.), Working and Poor: How Economic
and Policy Changes Are Affecting Low-Wage Workers, Russell Sage Foundation,
2006, pp. 89-112. - DATA -
2005
The Amplification of Unemployment
Fluctuations through Self-Selection,
September 28, 2005 (PDF 142 kb). - DATA -
Job Loss, Job Finding, and
Unemployment in the U.S. Economy over the Past Fifty Years, NBER
Macroeconomics Annual, 2005, pp. 101-137. - DATA - (16,000
kb).
Separating the Business Cycle from
Other Economic Fluctuations, in The Greenspan Era:
Lessons for the Future, Federal Reserve Bank of Kansas City, pp. 133-179,
August 2005. - DATA -
Employment Efficiency and Sticky
Wages: Evidence from Flows in the Labor Market, Review
of Economics and Statistics, August 2005, 87(3), pp.
397-407. - DATA -
Employment Fluctuations with
Equilibrium Wage Stickiness, American
Economic Review, March
2005, 95(1), pp. 50-65. - DATA - Correction by Guido Lorenzoni.
2004
Guidelines for Tax
Reform, Testimony before House Budget Committee 10/16/04.
The
Labor Market is the Key to Understanding the Business Cycle, unpublished,
September 2004.
Measuring Factor Adjustment Costs, Quarterly Journal of Economics, August
2004, 119(3), pp. 899-927. - DATA -
2003
Benchmarking the Returns to
Venture (with Susan E. Woodward), December 2003, NBER WP 10202.
Corporate Earnings Track the
Competitive Benchmark, November 14, 2003 (PDF, 272 kb), NBER WP 10150.
Data:
Stock Market and Capital Accumulation. Earnings by Industry. Earnings - Total Corp.
Understanding the
Evolution of U.S. Manufacturing, Testimony before Senate Finance
Committee 2003
Modern Theory of Unemployment
Fluctuations: Empirics and Policy Applications, AER Papers and Proceedings, May 2003, 93(2), pp. 145-150.
Potential Competition and the
Prices of Network Goods: Desktop Software, April
29, 2003 (PDF, 235 kb).
2002
Response
of Prices to Shifts in Demand, March
2002.
Controlling the Price Level, Contributions to Macroeconomics,
2002, 2(1), article 5.
2001
Comment
on “Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?”
by Basu, Fernald, Shapiro, Carnegie-Rochester Conference Series on
Public Policy, Vol. 55, 2001.
The Stock Market and Capital
Accumulation, American
Economic Review, December 2001, 91(5), pp. 1185-1202.
Struggling to Understand the Stock Market (the
Richard T. Ely Lecture), American Economic Review Papers and Proceedings,
May 2001, 91(2), pp. 1-11.
2000
The Value of Education:
Evidence from around the Globe, November 2000.
Reorganization, Carnegie-Rochester Conference
Series on Public Policy, June
2000, pp. 1-22.
Toward a Quantification of the
Effects of Microsoft’s Conduct
(with Chris E. Hall), American Economic Review Papers and Proceedings, May,
2000, 90(2), pp. 188-191.
Monetary
Policy with Changing Financial and Labor-Market Fundamentals, May
2000.
Optimal Contracts to Defend Upstream Monopoly, January
2000 (PDF, 238 kb).
e-Capital: The Link between the Labor
Market and the Stock Market in the 1990s, Brookings Papers on Economic
Activity 2000, 2, pp. 73-118.
1999
The Concentration of Job Destruction, NBER Working Paper 7025, 1999.
Why Do Some Countries Produce So
Much More Output per Worker than Others? (with Charles I. Jones), Quarterly
Journal of Economics, February 1999, 114(1), pp. 83-116, February 1999. - DATA SETS -
Aggregate
Job Destruction and Inventory Liquidation, NBER Working
Paper 6912, January 1999.
Labor-Market Frictions and
Employment Fluctuations,
in John Taylor and Michael Woodford (eds.) Handbook of Macroeconomics,
1999, North-Holland, pp. 1137-1170.
1998
Comment
on “Jobless Growth: Appropriability, Factor
Substitution, and Unemployment” by Caballero and Hammour, Carnegie-Rochester Conference
Series on Public Policy, Vol. 48, 1998, pp. 95-99.
Job
Destruction in General Equilibrium, May
1998.
1997
The Inkjet
Aftermarket: An Economic Analysis, unpublished,
August 1997.
Irving Fisher’s Self-Stabilizing
Money, American
Economic Review Papers and Proceedings, May 1997, 87(2), pp. 436-438.
Levels of Economic Activity across
Countries,
(with Charles I. Jones), American Economic Review Papers and Proceedings,
May 1997, 87(2), pp. 173-177.
Potential Disruption from the Move
to a Consumption Tax, American
Economic Review Papers and Proceedings, May 1997, 87(2), pp.
147-150.
Overview of the U.S. Economy (with Susan E. Woodward), prepared for Korea
Development Institute, 1997.
Macroeconomic Fluctuations and the Allocation of Time, Journal of Labor Economics,
January 1997, 15 (1), pp. S223-S250.
The
Effects of Tax Reform on Housing, prepared
for AEA/REUA Session on Tax Reform and Real Estate, Jan. 6, 1997.
1996
Productivity and the Density of
Economic Activity
(with Antonio Ciccone), American Economic Review,
March 1996, 86(1), pp. 54-70.
The Effects of Tax Reform on
Prices and Asset Values,
in Tax Policy and the Economy, National Bureau of Economic Research,
James Poterba (ed.), vol. 10, MIT Press, 1996, pp. 71-88.
The
Flat Tax: A Simple Progressive Consumption Tax (with Alvin Rabushka),
in Michael J.
Boskin (ed.), Frontiers of Tax Reform, Stanford, CA: Hoover Institution
Press, 1996.
Putting
the Flat Tax into Action (with Alvin Rabushka), in Fairness & Efficiency in the Flat Tax,
AEI press, 1996, pp. 3-41.
Robert
Lucas, Recipient of the 1995 Nobel Memorial Prize in Economics, Scandinavian Journal of Economics,
Vol. 98 (1), 1996, pp. 33-48.
1995
Lost Jobs, Brookings Papers on Economic Activity,
1995, 1, pp. 221-256.
The Effects of the Brookings Panel on Economic Activity on
Economic Activity, joke paper prepared for
BPEA, 1995.
The Flat Tax in 1995 (with Alvin Rabushka),
prepared for AEI Flat Tax Conference, 1995.
The
Flat Tax, Testimony before
the House Committee on Ways and Means, 1995.
International
Consequences of the Leading Consumption Tax Proposals, prepared for
CEPR Conference on Fundamental Tax Reform, Dec. 1, 1995.
1994
Nominal Income Targeting (with N. Gregory Mankiw),
in N. Gregory Mankiw (ed.), Monetary Policy,
University of Chicago Press, 1994, pp. 71-93.
Quantifying
Specification Error in Models with Expectations, (with Steven N. Durlauf), unpublished,
1994
1993
The Value and Performance of U.S.
Corporations
(with Bronwyn H. Hall), Brookings Papers on Economic Activity, 1993, 1,
pp. 1-34.
Macro
Theory and the Recession of 1990-91, American Economic Review Papers and
Proceedings, Vol. 83(2), May 1993.
Credible
Long-Term Wage Offers, unpublished,
1993.
1991
Labor Demand, Labor Supply, and
Employment Volatility, NBER
Macroeconomics Annual, 7(1), 1991, pp. 17-46.
Recession
Dating, prepared for
Federal Reserve Board, unpublished, December 1991.
Substitution over Time in
Consumption and Work,
in L. McKenzie and S. Zamagni (eds.), Value and
Capital Fifty Years Later, MacMillan, 1991, pp. 239-267.
Recessions
as Reorganizations, unpublished,
February 1991.
1990
Invariance Properties of Solow’s
Productivity Residual,
in Peter Diamond (ed.), Growth/ Productivity/Unemployment: Essays to Celebrate
Bob Solow’s Birthday, 1990, MIT Press, pp. 71-112.
Contracts:
Determinants, Properties, and Implications, remarks for the
concluding panel, Nobel Symposium, August 1990.
High
and Low Unemployment Equilibria, Self-Selection, and
Screening in the Labor Market, unpublished,
February 1990.
1989
Consumption, in Robert J. Barro (ed.,), Modern Business Cycle Theory, Cambridge,
MA: Harvard University Press, 1989, pp. 153-177.
1988
The Relation between Price and
Marginal Cost in U.S. Industry, Journal of Political
Economy, October 1988, 96(5), pp. 921-947.
Fluctuations
in Equilibrium Unemployment, American
Economic Review, Papers and Proceedings, Vol. 78, No. 2, May 1988. Pp. 269-275.
Intertemporal Substitution in Consumption, Journal of Political
Economy, April 1988, 96(2), pp. 339-357.
An Efficient, Equitable Tax for the 1990s (with Alvin Rabushka), unpublished, 1988.
Increasing
Returns: Theory and Measurement with Industry Data, unpublished,
1988.
1987
Productivity
and the Business Cycle, Carnegie-Rochester
Conference Series on Public Policy, Vol. 27, 1987, pp. 421-444.
The
Volatility of Employment with Fixed Costs of Going to Work, unpublished, June 1987.
1986
Cyclical
Fluctuations in the Labor Market (with David Lilien), in O. Ashenfelder and R.
Layard (eds.), Handbook of Labor Economics, Amsterdam: North Holland,
1986, pp. 1001-1035.
Market
Structure and Macroeconomic Fluctuations, Brookings Papers on Economic Activity,
Vol. 2, 1986, pp. 285-322.
Monetary
Policy under Financial Innovation and Deregulation, in Y. Suzuki and
H. Yomo (eds.), Financial Innovation and Monetary
Policy: Asia and the West, University of Tokyo Press, 1986.
Near-Indeterminacy of Output under Constant Marginal Cost, unpublished, July 1986.
Optimal
Monetary Institutions and Policy, in Colin
Campbell, William Dougan (eds.), Alternative
Monetary Regimes, Baltimore, MD: Johns Hopkins University Press, 1986, pp.
224-239.
The
Role of Consumption in Economic Fluctuations, in Robert J. Gordon (ed.,) The American Business Cycle: Continuity and Change,
University of Chicago Press, 1986, pp. 237-55 and 265-66.
Unit Elasticity Hypothesis and the Indeterminacy of Output, unpublished, March 1986.
1985
Real
Interest and Consumption, NBER Working
Paper 1694, August 1985.
Worker Reputation and the Wage Profile (with Garey Ramey
& Valerie A. Ramey), unpublished, May 1985.
1984
The Federal Deficit in the Longer Run, unpublished, 1984.
A
Free Market Policy To Stabilize the Purchasing Power of the Dollar, in Barry N. Siegel (ed.), Money in
Crisis: The Federal Reserve, the Economy, and Monetary Reform, Cambridge,
MA: Ballinger Publishing, 1984, pp. 303-321.
Persistent Employment Fluctuations and Cautious Wage
Adjustment, unpublished, June 1984.
The
Inefficiency of Marginal-Cost Pricing and the Apparent Rigidity of Prices, NBER Working Paper 1347, May 1984.
Monetary
Strategy with an Elastic Price Standard, Price Stability and Public Policy: A
Symposium Sponsored by the Federal Reserve Bank of Kansas City, 1984.
The Excess Sensitivity of Layoffs
and Quits to Demand (with Edward Lazear), Journal of Labor Economics,
1984, 2(2), pp. 233-257.
1983
Optimal Fiduciary Monetary Systems, Journal of Monetary Economics,
July 1983, 12(1), pp. 33-50.
Is
Unemployment a Macroeconomic Problem? AEA Papers and Proceedings, Vol. 73, No. 2, May 1983, pp. 219-222.
Macroeconomic
Policy under Structural Change, Industrial
Change and Public Policy, A Symposium Sponsored by the Federal Reserve Bank of
Kansas City, 1983, pp. 85-111.
1982
Monetary
Trends in the United States and the United Kingdom: Review from the Perspective
of New Development in Monetary Economics, Journal of Economic Literature, Vol.
XX, December 1982, pp. 1552-1556.
The Importance of Lifetime Jobs in
the U.S. Economy, American
Economic Review, September 1982, 72(4), pp. 716-724.
The Sensitivity of Consumption to
Transitory Income: Estimates from Panel Data on Households (with Frederic Mishkin), Econometrica,
March 1982, 50(2), pp. 461-481.
Explorations
in the Gold Standard and Related Policies for Stabilizing the Dollar, in Robert E.Hall
(ed.), Inflation: Causes and Effects, University of Chicago Press, 1982,
pp. 111-22.
Macroeconomic
Policy for a Substantial Transfer of Resources during a Defense Emergency, unpublished,1982.
The
Minimum Wage and Job Turnover in Markets for Young Workers, in Richard B. Freeman and David A. Wise
(eds.) The Youth Labor Market Problem: Its Nature, Causes, and Consequences,
University of Chicago Press, 1982, pp. 475-97.
1981
The Government and the Monetary Unit, unpublished, December 1981.
A Proposal to Simplify our Tax System (with Alvin Rabushka),
Wall Street Journal, December 10, 1981.
Comment
on Davidson & Hendry’s “Interpreting Economic Evidence,” European Economic Review, Vol. 16, 1981, pp. 193-194.
The Role of the Government in Stabilizing Prices and
Regulating Money, unpublished, January
1981.
Tax
Treatment of Depreciation, Capital Gains, and Interest in an Inflationary
Economy, in Charles R. Hulten
(ed.), Depreciation, Inflation, and the Taxation of Income from Capital,
Washington, DC: Urban Institute Press, 1981, pp. 149-166.
1980
Labor Supply and Aggregate
Fluctuations,
in Carnegie-Rochester Conference Series on Public Policy, 1980,
12, pp. 7-33.
Employment
Fluctuations and Wage Rigidity, in George L.
Perry (ed.), Brookings Papers on Economic Activity 1, The Brookings
Institution, Washington, DC, 1980, pp. 91-123.
Stabilization
Policy and Capital Formation, American
Economic Review, Vol. 70, No. 2, May 1980, pp.157-63.
1979
Efficient Wage Bargains under
Uncertain Supply and Demand
(with David Lilien), American Economic Review,
December 1979, 69(5), pp. 868-879.
The
Role of Prevailing Prices and Wages in the Efficient Organization of Markets, NBER Working Paper 0386, August 1979.
A Theory of the Natural
Unemployment Rate and the Duration of Employment, Journal of Monetary
Economics, April 1979, 5(2), pp. 1-17.
Intertemporal Substitution and Aggregate Fluctuations, unpublished, 1979.
The
Measurement and Significance of Labor Turnover (with David Lilien),
Concepts and Data Needs, National Commission on Employment and Unemployment
Statistics, 1979, pp. 577-600.
1978
Stochastic Implications of the
Life Cycle-Permanent Income Hypothesis: Theory and Evidence, Journal of Political Economy, December 1978, 86(6), pp. 971-987.
Controlling
Inflation, unpublished,
November 1978.
Distribution
of Permanent Income (with Dennis W.
Carlton), in Zvi Griliches,
Wilhelm Krelle, Hans-Jurgen
Krupp, Oldrich Kyn (eds.), Income
Distribution and Economic Inequality, New York: Halsted Press, 1978.
The
Macroeconomic Impact of Changes in Income Taxes in the Short and Medium Runs, Journal
of Political Economy, Vol. 386, No. 2, 1978, pp. S71-S85.
The
Nature and Measurement of Unemployment, NBER Working Paper 0252, July 1978.
Some
Evidence on the Sources of Economic Fluctuations, unpublished, June 1978.
The
Unemployment Explosion of the 1970s, unpublished, February 1978.
1977
An Aspect of the Economic Role of Unemployment, from Microeconomic
Foundations of Macroeconomics, 1977.
The
Conflicting Goals of National Energy Policy (with Robert S. Pindyck,
The Public Interest, No. 47, 1977.
The
Effectiveness of Training Programs in Raising Earnings, in Seymour L. Wolfbein
(ed.), Men in thePre-Retirement Years,
Philadelphia: Temple University, 1977, pp. 217-237.
Investment,
Interest Rates, and the Effects of Stabilization Policies, Brookings Papers on Economic Activity,
Vol. 1, 1977, pp. 61-121.
1976
Notes on the Current State of Empirical Macroeconomics, unpublished, June 1976.
Occupational
Mobility and the Distribution of Occupational Success among Young Men (with Richard Kasten),
American Economic Review Papers and Proceedings, Vol. 66, May 1976, pp.
309-315.
An
Economic Appraisal of the Full Employment and Balanced Growth Act, Testimony before House Subcommittee, April
1976.
An
Approximate Divisia Index of Total Factor
Productivity (with Spencer
Star), Econometrica, Vol. 44, No. 2, March
1976, pp. 257-263.
The
Phillips Curve in Macroeconomics Policy, in K. Brunner,
A. Meltzer (eds.), The Phillips Curve and Labor Markets, Amsterdam:
North-Holland, 1976.
1975
The
Taxation of Earnings under Public Assistance (with N. A. Barr), Economica,
November 1975.
The
Effects of the Experimental Negative Income Tax on Labor Supply, in Pechman and Timpane (eds.), Work Incentives and Income Guarantees:
The New Jersey Negative Income Tax Experiments, The
Brookings Institution, 1975.
The
Rigidity of Wages and the Persistence of Unemployment, Brookings Papers on Economic Activity,
Vol. 2, 1975, pp. 301-349.
1974
Estimation and Inference in
Nonlinear Structural Models (with E.
Berndt, B. Hall, and J. Hausman), Annals of
Economic and Social Measurement, 3/4, 1974, pp. 653-665.
The
Process of Inflation in the Labor Market, Brookings Papers on Economic Activity,
Vol. 2, 1974, pp. 343-409.
The
Distribution of Unobserved Variables, unpublished,
January 1974.
1973
On
the Statistical Theory of Unobserved Components, unpublished, August 1973.
The Specification of Technology
with Several Kinds of Output, Journal of Political Economy, July-August
1973, 81(4), pp. 878-892.
Wages, Income, and Hours of Work
in the U.S. Labor Force,
in H. Watts and G. Cain, Income Maintenance and Labor Supply: Econometric
Studies, Rand McNally, 1973, pp. 102-162.
The
Relative Occupational Success of Blacks and Whites (with Richard Kasten),
Brookings Papers on Economic Activity, Vol. 3, 1973, pp. 781-797.
A Contribution to the Econometric Theory of Unobserved
Components, unpublished, January
1973.
1972
Turnover in the Labor Force, Brookings Papers on Economic Activity,
1972, 3, pp. 709-756.
Book
Review of Microeconomic Foundations of Employment and Inflation Theory, ed. Phelps, Journal
of Economic Literature, March 1972.
The Variation in Hours of Work among Individuals, unpublished, January 1972.
1971
The Dynamic Effects of Fiscal
Policy in an Economy with Foresight, Review of Economic Studies, April 1971,
38(114), pp. 229-244.
The Measurement of Quality Change
from Vintage Price Data,
in Zvi Griliches (ed.), Price
Indexes and Quality Change, Harvard University Press, 1971, pp. 240-271.
Application
of the Theory of Optimum Capital Accumulation (with Dale W. Jorgenson), in G. Fromm (ed.),
The Effect of Tax Incentives on Investment,
Washington, DC: The Brookings Institution, 1971, pp. 9-60.
The
Market for Professional and Technical Workers, Brookings Papers on Economic Activity,
Vol. 1, 1971, pp. 213-218.
Prospects
for Shifting the Phillips Curve Through Manpower Policy, Brookings Papers on Economic Activity,
Vol. 3, 1971, pp. 659-701.
1970
Why Is the Unemployment Rate So
High at Full Employment? Brookings
Papers on Economic Activity, 1970, 3, pp. 369-410.
The
Calculation of Ordinary Least Squares Estimates, unpublished,
Dept. of Economics, UC Berkeley, March 1970.
Unionism and the Inflationary Bias of Labor Markets, unpublished, January 1970.
1960s
Tax Policy and Investment Behavior (with Dale W. Jorgenson), American
Economic Review, June 1967, 57(3), pp. 391-414. Reply and Further Results, American
Economic Review, June 1969, 59(3), pp.
388-401.
Simulation
Methods for Intertemporal Economic Models, UC Berkeley Working Paper, October 1968.
Transform
Methods for the Study of Distributed Lags, UC Berkeley Working Paper in Economic
Theory and Econometrics, #132, June 1968.
Consumption Taxes versus Income
Taxes: Implications for Economic Growth, in Proceedings of the 61st
Annual Conference on Taxation, National Tax Association, 1968, pp. 125-145.
A
Flexible Infinite Distributed Lag (with Richard C. Sutch),
Committee on Econometrics and Mathematical Economics, Institute of Business and
Economic Research, UC Berkeley Working Paper No. 124, February 1968.
Technical Change and Capital from
the Point of View of the Dual, Review
of Economic Studies, January 1968, 35(101), pp. 35-46.
Polynomial
Distributed Lags, MIT Working
Paper, July 1967.
Essays
on the Theory of Wealth, MIT Ph.D.
Thesis, June 1967.
The
Burden of Slavery, unpublished,
January 1966.
The Population of England in the 14th and 15th Centuries, unpublished, 1965.
Investment in Equipment and Structures, 1929-1961, Berkeley, Bachelor’s Thesis, May, 1964.