We learned an immense amount from our fellow bloggers at (2008)
Malik Shukayev, Robert Solow, Edward Welbourne, Andrea Moro, Michael Perelman, Mike Golosov, ...
Above all we are grateful to our families, Emanuela, Niccolò, Joyce, and Milena for putting up with us while we wrote this – not to speak of reading and criticizing parts of it. A great many...
stok206.tex Comments on (2008)
servability, ” discusses the choice of monetary-policy instruments by relying on Atkeson and Kehoe (2001). This discussion is in terms of a tradeoff between observability and “tightness” (the...
their appreciation to two referees for useful advice. They also (2008)
Jeremy Greenwood, Ananth Seshadri, Guillaume Vandenbroucke, Aloysius Siow, Nancy Stokey, Ming Hon Suen
What caused the baby boom? And can it be explained within the context of the secular decline in fertility that has occurred over the last 200 years? The hypothesis is that: (a) The secular decline in...
Education, Technical Change, and Openness ∗ (2007)
Krishna B. Kumar, Hans Mikkelsen, Thomas Sargent, Nancy Stokey, For Comments
In this paper, we develop a simple open economy growth model that allows for the possibility that productivity growth and education affect each other and use it to empirically address issues of...
2 Optimal Taxation without State-Contingent Debt (2007)
Albert Marcet, Thomas J. Sargent, Kenneth Judd, Martin Schneider, Nancy Stokey
To recover a version of Barro's (1979) `random walk ' tax smoothing outcome, we modify Lucas and Stokey's (1983) economy to permit only risk-free debt. This imparts near unit root like...
An Evolutionary Approach Towards Time Preferences ∗ (2006)
Emil Iantchev, Balázs Szentes, Mark Machina, Kein Murphy, Lionel Mckenzie, Efe Ök, ...
A gene is interpreted as a choice behavior in an environment where choices have intertemporal effects. A gene survives the evolutionary process if the population corresponding to the gene grows at...
Macroeconomic Priorities (2003)
Robert E. Lucas, Ellen Mcgrattan, Chris Phelan, Edward Prescott, Esteban Rossi-hansberg, Tom Sargent, ...
Macroeconomics was born as a distinct field in the 1940s, as a part of the intellectual response to the Great Depression. The term then referred to the body of knowledge and expertise that we hoped...
Optimal Taxation without State-Contingent Debt (2000)
Albert Marcet, Thomas J. Sargent, Juha Seppälä, Thank Lars Hansen, V. V. Chari, Darrell Due, ...
In Lucas and Stokey's (1983) economy, tax rates inherit the serial correlation structure of government expenditures, belying Barro's (1979) result that taxes should be a random walk for any...
Optimal Taxation without State-Contingent Debt (2000)
Albert Marcet, Thomas J. Sargent, Juha Seppälä, Kenneth Judd, Martin Schneider, ...
To recover a version of Barro's (1979) `random walk' tax smoothing outcome, we modify Lucas and Stokey's (1983) economy to permit only risk-free debt. This imparts near unit root like...