Research

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"Self-Enforcing Stochastic Monitoring, Misreporting and the Existence of Debt and Equity Claims" (revised 10/03)
slides

“A Multiplier Approach to Understanding the Macro Implications of Household Finance,”
with Yili Chien and Hanno Lustig (revised 1/08),
special appendix, slides

“A Dynamic Theory of Optimal Capital Structure and Executive Compensation,”
with A. Atkeson (revised 1/08)

“Deflation, Real Wages, and the International Great Depression: A Productivity Puzzle,”
with L. Ohanian and R. Leung

“A Second Look at the U.S. Great Depression From A Neoclassical Perspective,”
with L. Ohanian

Review of Randall Parker's edited volume on the Great Depression for the JEL

Response to a Critic of Great Depression Analysis (by Kehoe and Prescott)

Wall Street Journal Opinion piece with L. Ohanian

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