This directory contains auxiliary research materials for Ellen McGrattan. The naming convention corresponds with Federal Reserve Bank documents (qr=Quarterly Review, sr=Staff Report, wp=Working Paper). Information on where the papers are published is listed below. For some projects, additional Fortran, Matlab, or TeX files are needed. They are located here: ./ftools Fortran tools ./mfiles Matlab files ./tfiles TeX files The other subdirectories are as follows: ./qrf94 A Progress Report on Business Cycle Models, Federal Reserve Bank of Minneapolis Quarterly Review, 18(4): 2--16, Fall 1994. ./qrf95 The CAPM Debate Coauthor: Ravi Jagannathan Federal Reserve Bank of Minneapolis Quarterly Review, 19(4): 2--17, Fall 1995. ./qrf98 A Defense of AK Growth Models Federal Reserve Bank of Minneapolis Quarterly Review, 22(4): 13--27, Fall 1998. ./qrw98 Changes in Hours Worked Since 1950 Coauthor: Richard Rogerson Federal Reserve Bank of Minneapolis Quarterly Review 22(1): 2-19, Winter 1998. ./qr04 Changes in Hours Worked, 1950-2000 Coauthor: Richard Rogerson Federal Reserve Bank of Minneapolis Quarterly Review 28(1): 14-33, July 2004. ./qr09 Measurement with Minimal Theory Federal Reserve Bank of Minneapolis Quarterly Review 33(1): 2-13, July 2010. ./sr164 Solving the Stochastic Growth Model with a Finite Element Method J. of Economic Dynamics and Control 20(1-3): 19-42, March 1996. ./sr182 Mechanics of Forming and Estimating Dynamic Linear Economies Coauthors: Evan Anderson, Lars Hansen, and Thomas Sargent, in Handbook of Computational Economics, eds. H. Amman, D. Kendrick, and J. Rust, North-Holland, 1996. ./sr191 An Equilibrium Model of the Business Cycle with Household Production and Fiscal Policy Coauthors: Richard Rogerson and Randall Wright International Economic Review, 38(2): 267--290, May 1997. ./sr203 The Optimum Quantity of Debt Coauthor: S. Rao Aiyagari Journal of Monetary Economics, 42: 447--469, December 1998. ./sr203 The Optimum Quantity of Debt: Technical Appendix Coauthor: S. Rao Aiyagari Annals of Economics and Finance, 4(1): 193--217, 2003. ./sr217 Sticky price models of the business cycle: Can the contract multiplier solve the persistence problem?'' Coauthors: V.V. Chari and Patrick J. Kehoe Econometrica, 68(5): 1151--1179, September 2000. ./sr232 Application of Weighted Residual Methods to Dynamic Economic Models in Computational Methods for the Study of Dynamic Economies, eds. R. Marimon and A. Scott, Oxford University Press, 1999. ./sr250 Explaining Cross-Country Income Differences Coauthor: James Schmitz in Handbook of Macroeconomics, eds. J. Taylor and M. Woodford, North-Holland, 1999. ./sr277 Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates? Coauthors: V.V. Chari and Patrick J. Kehoe Review of Economic Studies, 69(3): 533--563, July 2002. ./sr294 The 1929 Stock Market: Irving Fisher Was Right Coauthor: Edward C. Prescott International Economic Review, 45(4): 991--1009, November 2004. ./sr309 Taxes, Regulations, and the Value of U.S.~and U.K.~Corporations Coauthor: Edward C. Prescott Review of Economic Studies, 72(3): 767--796, July 2005. ./sr313 Average Debt and Equity Returns: Puzzling? Coauthor: Edward C. Prescott American Economic Review, Papers and Proceedings, 93(2): 392--397, May 2003. ./sr317 Why are Married Women Working So Much? Coauthors: Larry E. Jones and Rodolfo E. Manuelli J. of Demographic Economics, 81(1): 75--114, March 2015. ./sr328 Business Cycle Accounting Coauthors: V.V. Chari and Patrick Kehoe Econometrica, 75(3): 781--836, May 2007. ./sr338 Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S.~Data: A Comment NBER Macroeconomics Annual 2004, MIT Press, 19: 289--308, 2005. ./sr350 Productivity and the Post-1990 U.S. Economy Coauthor: Edward C. Prescott Federal Reserve Bank of St.~Louis Review, 87(4): 537--549, July/August 2005. ./sr353 Sudden Stops and Output Drops Coauthors: V.V. Chari and Patrick Kehoe American Economic Review, Papers and Proceedings, 95(2): 381--387, May 2005. ./sr364 Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory? Coauthors: V.V. Chari and Patrick Kehoe Journal of Monetary Economics, 55(8): 1337--1352, November 2008. ./sr369 Unmeasured Investment and the Puzzling U.S. Boom in the 1990s Coauthor: Edward C. Prescott American Economic Journal: Macroeconomics, 2(4): 88-123, October 2010 ./sr396 Openness, Technology Capital, and Development Coauthor: Edward C. Prescott Journal of Economic Theory, 144(6): 2454--2476, November 2009. ./sr397 Changes in the Distribution of Family Hours Worked Since 1950 Coauthor: Richard Rogerson in Frontiers of Family Economics, ed. P.~Rupert, Emerald Group Publishing, 2008. ./sr406 Technology Capital and the U.S. Current Account Coauthor: Edward C. Prescott American Economic Review, 100(4): 1493-1522, September 2010 ./sr409 New Keynesian Models: Not Yet Useful for Policy Analysis Coauthors: V.V. Chari and Patrick Kehoe American Economic Journal: Macroeconomics, 1(1): 242--266, January 2009. ./sr447 Human Capital Accounting in the United States, 1994--2006: A Comment Survey of Current Business, 90(6): 37--41, June 2010. ./sr451 Capital Taxation During the U.S.~Great Depression Quarterly Journal of Economics, 127(3): 1515--1550, August 2012. ./sr454 Openness, Technology Capital, and Development Coauthor: Edward C. Prescott Journal of Economic Theory, 144(6): 2454--2476, November 2009. ./sr472 On Financing Retirement with an Aging Population Coauthor: Edward C. Prescott Quantitative Economics, forthcoming ./sr486 Quid Pro Quo: Technology Capital Transfers for Market Access in China Coauthors: Thomas J. Holmes and Edward C. Prescott Review of Economic Studies, 82(3): 1154-1193, July 2015. ./sr494 A Reassessment of Real Business Cycle Theory Coauthor: Edward C. Prescott American Economic Review, Papers and Proceedings, 104(5): 177-187, May 2014. ./sr534 An Aggregate Model for Policy Analysis with Demographic Change Coauthor: Edward C. Prescott Journal of the Economics of Ageing, forthcoming ./sr542 The Impact of Brexit on Foreign Investment and Production Coauthor: Andrea Waddle ./wp619 Accounting for the Great Depression Coauthors: V.V. Chari and Patrick Kehoe American Economic Review, Papers and Proceedings, 92(2): 22--27, May 2002. ./wp631 Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory? Coauthors: V.V. Chari and Patrick Kehoe Journal of Monetary Economics, 55(8): 1337--1352, November 2008. (See also: SR364) ./wp694 A Labor Productivity Puzzle?'' Coauthor: Edward C. Prescott in Government Policies and the Delayed Economic Recovery, eds. L.E. Ohanian, J.B. Taylor, and I.J. Wright, Hoover Institution Press, 2012.