Journal Article
The labor market in real business cycle theory
Wright, Randall; Hansen, Gary D. (1992-04)
The standard real business cycle model fails to adequately account for two facts found in the U.S. data: the fact that hours worked fluctuate considerably more than productivity and the fact that the correlation between hours worked and productivity is close to zero. In this paper, in a unified framework, the authors describe and analyze four extensions of the standard model, by introducing nonseparable leisure, indivisible labor, government spending, and household production.
Quarterly Review , Volume 16 , Issue Spr , Pages 2-12

Conference Paper
Unanticipated money growth and the business cycle reconsidered
Cooley, Thomas F.; Hansen, Gary D. (1997-11)
Proceedings , Issue Nov , Pages 624-652

Conference Paper
Inflation, growth, and financial intermediation - commentary
Hansen, Gary D. (1996-05)
Proceedings , Volume 78 , Issue May , Pages 59-61

Working Paper
Equilibrium business cycles with idle resources and variable capacity utilization
Prescott, Edward C.; Cooley, Thomas F.; Hansen, Gary D. (1994)
Working Papers , Paper 94-22

Conference Paper
The welfare costs of moderate inflations
Cooley, Thomas F.; Hansen, Gary D. (1991)
Proceedings

Journal Article
Inflation, growth, and financial intermediation - commentary
Hansen, Gary D. (1996-05)
Review , Volume 78 , Issue May , Pages 59-61

Conference Paper
Some welfare costs of monetary and fiscal policy
Cooley, Thomas F.; Hansen, Gary D. (1989)
Proceedings

Report
Malthus to Solow
Prescott, Edward C.; Hansen, Gary D. (1999)
A unified growth theory is developed that accounts for the roughly constant living standards displayed by world economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also explains the industrial revolution, which is the transition from an era when per capita incomes are stagnant to one with sustained growth. We use a standard growth model with one good and two available technologies. The first, denoted the Malthus technology, requires land, labor, and reproducible capital as inputs. The second, denoted the Solow technology, does ...
Staff Report , Paper 257

Discussion Paper
Recursive methods for computing equilibria of business cycle models
Prescott, Edward C.; Hansen, Gary D. (1992)
Discussion Paper / Institute for Empirical Macroeconomics , Paper 36

Discussion Paper
Tax distortions in a neoclassical monetary economy
Cooley, Thomas F.; Hansen, Gary D. (1991)
In this paper we use the common perspective provided by the neoclassical growth model to evaluate the size of the distortions associated with different monetary and fiscal policies designed to finance a given sequence of government expenditures. We construct an artificial monetary economy incorporating the cash-in-advance framework of Lucas and Stokey (1983), calibrate it to match important features of the U.S. economy, and simulate it to provide a quantitative assessment of the welfare costs associated with government policies involving different combinations of taxes on capital and labor ...
Discussion Paper / Institute for Empirical Macroeconomics , Paper 38