Research

 

Recent Published Papers

• ‘Interpreting the Great Moderation: Changes in the Volatility of Economic Activity at the Macro and Micro Levels’ (with Steven Davis), Journal of Economic Perspectives, Fall 2008.

•  Tracking the New Economy: Using Growth Theory to Detect Changes in Trend Productivity, with Robert Rich, Journal of Monetary Economics 54 (September 2007), pp. 1670-1701

•   Tariffs and the Great Depression Revisited , with Mario Crucini in Great Depressions of the Twentieth Century, Tim Kehoe and Edward Prescott, editors, Federal Reserve Bank of Minneapolis, 2007.

Work in Progress

• 'What Drives Housing Prices?'

• 'Understanding the World Housing Boom'

• 'Durable Goods Inventories and the Great Moderation'