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Author:Cooley, Thomas F. 

Conference Paper
The welfare costs of moderate inflations

Proceedings

Journal Article
What do we know about how monetary policy affects the economy: a conference panel discussion

Review , Issue May , Pages 127-141

Discussion Paper
Tax distortions in a neoclassical monetary economy

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

Discussion Paper
The replacement problem

We construct a vintage capital model of economic growth in which the decision to replace old technologies with new ones is modeled explicitly. Depreciation in this environment is an economic, not a physical concept. We describe the balanced growth paths and the transitional dynamics of this economy. We illustrate the importance of vintage capital by analyzing the response of the economy to fiscal policies designed to stimulate investment in new technologies.
Discussion Paper / Institute for Empirical Macroeconomics , Paper 95

Conference Paper
What do we know about how monetary policy affects the economy: a conference panel discussion

Proceedings , Issue May , Pages 127-141

Conference Paper
Unanticipated money growth and the business cycle reconsidered

Proceedings , Issue Nov , Pages 624-652

Journal Article
Bouncing back from the great recession: the United States versus Europe

When the economic shocks that cause recessions in different economies have large common components, there may be lessons to be learned by studying how different economies respond.
Economic Synopses

Conference Paper
Some welfare costs of monetary and fiscal policy

Proceedings

Working Paper
Equilibrium business cycles with idle resources and variable capacity utilization

Working Papers , Paper 94-22

Conference Paper
The costs of losing monetary independence: the case of Mexico

Proceedings

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