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Series:Working Paper Series, Macroeconomic Issues 

Working Paper
Money, income, prices and interest rates after the 1980s

Working Paper Series, Macroeconomic Issues , Paper 90-11

Working Paper
North-South business cycles

This paper shows that the economic activity of the industrial North and developing South move together - when the North is above its trend, the South tends to be above its trend. We refer to this phenomenon as the "North-South business cycle." The paper develops a quantitative general equilibrium model of North-South trade that captures many cyclical features of North-South trade and production data. In particular, the high volatility of North-South terms of trade, and strong comovement of Northern and Southern activity. On the basis of this model we argue that North-South business cycles ...
Working Paper Series, Macroeconomic Issues , Paper WP-96-9

Working Paper
The identification of monetary policy disturbances: explaining the liquidity puzzle

Replaces Working paper 91-24.
Working Paper Series, Macroeconomic Issues , Paper 92-27

Working Paper
Trade policy and union wage dynamics

Working Paper Series, Macroeconomic Issues , Paper 89-19

Working Paper
Stock market dispersion and real economic activity: evidence from quarterly data

Working Paper Series, Macroeconomic Issues , Paper 90-15

Working Paper
The role of energy in real business cycle models

Working Paper Series, Macroeconomic Issues , Paper 91-6

Working Paper
Business cycle durations and postwar stabilization of the U.S. economy

Working Paper Series, Macroeconomic Issues , Paper 92-6

Working Paper
Why does the paper-bill spread predict real economic activity?

Working Paper Series, Macroeconomic Issues , Paper 91-16

Working Paper
Monetary and non-monetary sources of inflation: an error correction analysis

Working Paper Series, Macroeconomic Issues , Paper 89-15

Working Paper
Production and inventory control at the General Motors Corporation during the 1920s and 1930s

Working Paper Series, Macroeconomic Issues , Paper 92-10

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