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Resolving New Keynesian Anomalies with Wealth in the Utility Function
16 references·16 citing·50 second hopsampled
Resolving New Keynesian Anomalies with Wealth in the Utility Function (2018)Resolving New Keynesian Anomalies with We…Is the desire for status a fundamental human motive? A review of the empirical literature. (2015)Is the desire for status a fu…Why Status Matters for Inequality (2013)Why Status Matters for Inequa…The Aggregate Demand for Treasury Debt (2012)The Aggregate Demand for Trea…Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach* (2012)Debt, Deleveraging, and the L…When Is the Government Spending Multiplier Large? (2011)When Is the Government Spendi…What Fiscal Policy Is Effective at Zero Interest Rates? (2011)What Fiscal Policy Is Effecti…Simple Analytics of the Government Expenditure Multiplier (2011)Simple Analytics of the Gover…Introduction to Modern Economic Growth (2007)Introduction to Modern Econom…Neuroeconomics: How Neuroscience Can Inform Economics (2005)Neuroeconomics: How Neuroscie…Interest and Prices (2004)Interest and PricesTime Discounting and Time Preference: A Critical Review (2002)Time Discounting and Time Pre…The Taylor Rule and Optimal Monetary Policy (2001)The Taylor Rule and Optimal M…The Perils of Taylor Rules (2001)The Perils of Taylor RulesLectures on macroeconomics (1990)Lectures on macroeconomicsStaggered prices in a utility-maximizing framework (1983)Staggered prices in a utility…Monopolistic Price Adjustment and Aggregate Output (1982)Monopolistic Price Adjustment…The Economics of Financial Stress (2024)The Economics of Financial St…Time Consistency and Duration of Government Debt: A Model of Quantitative Easing (2022)Time Consistency and Duration…The Macroeconomic Effects of an Interest-Bearing CBDC: A DSGE Model (2022)The Macroeconomic Effects of …Forward Guidance and Durable Goods Demand (2022)Forward Guidance and Durable …A Goldilocks Theory of Fiscal Deficits (2022)A Goldilocks Theory of Fiscal…Workers, capitalists, and the government: fiscal policy and income (re)distribution (2021)Workers, capitalists, and the…Why are fiscal multipliers moderate even under monetary accommodation? (2021)Why are fiscal multipliers mo…An economical business-cycle model (2021)An economical business-cycle …The Limited Power of Monetary Policy in a Pandemic (2020)The Limited Power of Monetary…State-dependent fiscal multipliers with preferences over safe assets (2020)State-dependent fiscal multip…Pricing Under Fairness Concerns (2020)Pricing Under Fairness Concer…Preferences over wealth: Experimental evidence (2020)Preferences over wealth: Expe…Pegging the interest rate on bank reserves: A resolution of New Keynesian puzzles and paradoxes (2020)Pegging the interest rate on …Discussing Secular Stagnation: A case for freeing good ideas from theoretical constraints? (2020)Discussing Secular Stagnation…Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound (2018)Aggregate Effects of Minimum …An Economical Business-Cycle Model (2014)An Economical Business-Cycle …"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)Inflation and Costs of Price Adjustment (1977)Aggregate Dynamics and Staggered Contracts (1980)Behavioral Macroeconomics and Macroeconomic Behavior (2002)Employment Fluctuations with Equilibrium Wage Stickiness (2005)Unemployment Fluctuations with Staggered Nash Wage Bargaining (2009)Are Government Bonds Net Wealth? (1974)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Modeling Term Structures of Defaultable Bonds (1999)A Macroprudential Approach to Financial Regulation (2011)Monetary Policy as Financial Stability Regulation (2012)The Deposits Channel of Monetary Policy* (2017)Expectations and the neutrality of money (1972)An Equilibrium Model of the Business Cycle (1975)MONOPOLISTIC COMPETITION AND OPTIMUM PRODUCT DIVERSITY (1975)Nominal exchange rate regimes and the behavior of real exchange rates: Evidence and implications (1986)Inattentive Producers (2006)The Missing Motivation in Macroeconomics (2007)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employment, Interest and Money. (1936)The General Theory of Employment, Interest and Money. (1936)Identifying Government Spending Shocks: It's all in the Timing* (2011)Measuring the Output Responses to Fiscal Policy (2012)Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data (2017)The Debt-Deflation Theory of Great Depressions (1933)Stabilizing an Unstable Economy (1987)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks (2010)Household Balance Sheets, Consumption, and the Economic Slump* (2013)The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis * (2013)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Golden Eggs and Hyperbolic Discounting (1997)Field Experiments (2004)Cognitive Reflection and Decision Making (2005)Psychology and Economics: Evidence from the Field (2009)Optimal monetary policy with staggered wage and price contracts (2000)Drifts and volatilities: monetary policies and outcomes in the post WWII US (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)A model of unconventional monetary policy (2010)Feeling and thinking: Preferences need no inferences. (1980)Risk as feelings. (2001)“Economic man” in cross-cultural perspective: Behavioral experiments in 15 small-scale societies (2005)Social Cognitive Neuroscience: A Review of Core Processes (2006)Rational Asset Pricing Bubbles (1997)The cyclical behaviour of fiscal policy: evidence from the OECD (2002)Long-term economic growth projections in the Shared Socioeconomic Pathways (2015)Unconditional Convergence in Manufacturing * (2012)Optimal Taxes on Fossil Fuel in General Equilibrium (2014)State-owned Enterprises Around the WORLD as Hybrid Organizations (2014)
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References

  • 1983Staggered prices in a utility-maximizing framework7,892 cited
  • 2002Time Discounting and Time Preference: A Critical Review6,395 cited
  • 2004Interest and Prices2,583 cited
  • 2007Introduction to Modern Economic Growth2,414 cited
  • 2005Neuroeconomics: How Neuroscience Can Inform Economics2,163 cited
  • 2011When Is the Government Spending Multiplier Large?1,839 cited
  • 2012The Aggregate Demand for Treasury Debt1,591 cited
  • 2012Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*1,407 cited
  • 1990Lectures on macroeconomics1,389 cited
  • 1982Monopolistic Price Adjustment and Aggregate Output1,167 cited
  • 2015Is the desire for status a fundamental human motive? A review of the empirical literature.1,132 cited
  • 2013Why Status Matters for Inequality971 cited
  • 2011Simple Analytics of the Government Expenditure Multiplier912 cited
  • 2001The Taylor Rule and Optimal Monetary Policy787 cited
  • 2001The Perils of Taylor Rules724 cited
  • 2011What Fiscal Policy Is Effective at Zero Interest Rates?681 cited

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Cited by

  • 2022A Goldilocks Theory of Fiscal Deficits75 cited
  • 2021Workers, capitalists, and the government: fiscal policy and income (re)distribution60 cited
  • 2020Pricing Under Fairness Concerns46 cited
  • 2020The Limited Power of Monetary Policy in a Pandemic38 cited
  • 2022Time Consistency and Duration of Government Debt: A Model of Quantitative Easing33 cited
  • 2020Pegging the interest rate on bank reserves: A resolution of New Keynesian puzzles and paradoxes29 cited
  • 2022The Macroeconomic Effects of an Interest-Bearing CBDC: A DSGE Model24 cited
  • 2021An economical business-cycle model24 cited
  • 2020State-dependent fiscal multipliers with preferences over safe assets23 cited
  • 2018Aggregate Effects of Minimum Wage Regulation at the Zero Lower Bound21 cited
  • 2014An Economical Business-Cycle Model20 cited
  • 2024The Economics of Financial Stress20 cited
  • 2022Forward Guidance and Durable Goods Demand19 cited
  • 2020Discussing Secular Stagnation: A case for freeing good ideas from theoretical constraints?18 cited
  • 2021Why are fiscal multipliers moderate even under monetary accommodation?13 cited
  • 2020Preferences over wealth: Experimental evidence7 cited