B Dupor… - The American Economic Review, 2003 - JSTOR
The idea that the happiness of an individual depends upon the consumption of others is
widely viewed as an important feature of our shared social existence. Recent research in
finance has used this idea, through consumption externalities, to explore asset-pricing ...
B Dupor - Journal of Economic Theory, 2001 - Elsevier
The paper's theorems reverse two standard results of New Keynesian economics simply by
appending endogenous investment to a benchmark imperfect competition-sticky price
model. Our results are:(a) a passive interest rate rule, where the monetary authority ...
B Dupor - Journal of Monetary Economics, 2000 - Elsevier
This paper addresses exchange rate determination under a nominal interest peg in a two-
country cash-in-advance model. Under two types of cash-in-advance constraints, if both
governments peg the nominal interest rate on domestic bonds, there is a continuum of ...
TG Conley… - Journal of Political Economy, 2003 - JSTOR
This paper presents a spatial econometric method for characterizing productivity
comovement across sectors of the US economy. Input-output relations provide an economic
distance measure that is used to characterize interactions between sectors, as well as ...
B Dupor - Journal of Monetary Economics, 1999 - Elsevier
This paper studies the ability of input–output relationships to generate fluctuations in
aggregate output in several multi-sector models, including that of Long and Plosser (1983).
In these models, the manufacture of each sector's output depends on other sectors for ...
B Dupor, L Lochner, C Taber… - The American Economic …, 1996 - JSTOR
This paper investigates the magnitudes of some distortions in the US tax system on human-
capital accumulation for typical individuals using simulations from a structural model of
human-capital accumulation. We estimate the parameters of a human-capital production ...
B Dupor - Journal of Monetary Economics, 2005 - Elsevier
Inflation, output and interest rate stabilization are all potential central bank objectives. We
explore whether monetary policy should respond to asset price fluctuations when they are
driven by irrational expectational shocks to the future returns to capital. In our model, an ...
B Dupor, J Han… - Journal of Monetary Economics, 2009 - Elsevier
Researchers have used unanticipated changes to monetary policy to identify preference and
technology parameters of macroeconomic models. This paper uses changes in technology
to identify the same set of parameters. Estimates based on technology shocks differ ...
B Dupor, T Tsuruga - Journal of Money, Credit and Banking, 2005 - JSTOR
Vector auto-regressions applied to US data find that inflation and output experience
persistent and hump-shaped responses to unanticipated monetary shocks. One monetary
model that can generate these responses employs sticky information. Under sticky ...
[CITATION] Interest Rate Policy and Investment with Adjustment Costs
B Dupor - 2002 - manuscript
B Dupor… - The American Economic Review, 2004 - JSTOR
A number of researchers and market observers hold that the dramatic increase during the
1990's and subsequent decline in US stock prices were due to non-fundamental factors,
such as irrational expectations or bubbles. If this view is correct, policymakers may be ...
B Dupor, T Kitamura… - Bank of Japan Discussion Paper …, 2006 - ier.hit-u.ac.jp
Abstract A first generation of research found it difficult to reconcile observed inflation and
cyclical output with the fixed price mechanism. Since then, researchers have been divided
roughly into two camps. The first camp argues that the original mechanism is largely ...
B Dupor - The American Economic Review, 2002 - JSTOR
This paper studies the role for asset prices in the conduct of monetary policy. In Dupor
(2001a) and here, boundedly rational firms occasionally over-or underestimate the returns to
capital accumulation. As a consequence, they increase physical investment, which drives ...
B Dupor, T Kitamura… - The Review of Economics and …, 2010 - MIT Press
Abstract Understanding the relationship between nominal and real variables, most notably
inflation and cyclical output, is one of the fundamental questions of economics. Toward this
understanding, we develop a model that integrates sticky prices and sticky information-a ...
B Dupor - Journal of Economic theory, 2003 - Elsevier
This paper studies a money-in-the-utility function model with imperfect competition and one-
period ahead nominal price setting. Under standard assumptions on preferences,
Friedman's rule—setting the money growth rate equal to the household time discount ...
[CITATION] Aggregate fluctuations and production complementarities
B Dupor - Manuscript. Philadelphia: Univ. Pennsylvania, 1996
B Dupor - Journal of Economic Dynamics and Control, 2001 - Elsevier
It is well known that under nominal money supply rules accomplished through lump sum
transfers, non-uniqueness and non-optimality of the resource allocation often obtains in
monetary models. We show that uniqueness and optimality of the resource allocation ...
B Dupor - Journal of Monetary Economics, 2002 - econpapers.repec.org
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Comment on: Monetary policy and asset prices. Bill Dupor. Journal of Monetary
Economics, 2002, vol. 49, issue 1, pages 99-106. Date: 2002 ...
[CITATION] Integrating Sticky Information and Sticky Prices
B Dupor, T Kitamura… - Review of Economics and Statistics, 2007
B Dupor - manuscript, http://finance. wharton. upenn. …, 2002 - faculty.wcas.northwestern.edu
Abstract This paper studies optimal monetary policy in a stochastic equilibrium model with
monopolistically competitive firms and sticky goods prices. In an otherwise deterministic
environment, a benevolent monetary authority can improve upon Friedman* s rule by ...
T Conley… - 2011 - blackpridenetwork.com
Abstract This paper uses variation across states to estimate the number of jobs
created/saved as a result of the spending component of the American Recovery and
Reinvestment Act (ARRA). The key sources of identification are ARRA highway funding ...
B Dupor, S Mehkari - Ohio State University, 2009 - faculty.ucr.edu
ABSTRACT This paper constructs model economies that are capable of producing positive
comovement in consumption, labor hours, and investment, in response to positive news
shocks about future technology. In contrast, the standard neo-classical model cannot. We ...
B Dupor… - Manuscript, October, 2007 - dallasfed.org
Abstract Long run identification typically assumes a variable's cumulative response to a
particular shock is zero. Successful implementation of this approach requires that a
researcher accurately represents the time series' covariance properties at both short and ...
[CITATION] Sectoral business cycle dynamics using spatial methods
TG Conley… - 2000 - Working paper, North Western …
[CITATION] 0Exchange Rates and Bank Notes: The Fiscal Theory of the Price Level1 Manuscript
B Dupor - University of Pennsylvania, 1997
B Dupor… - Ohio State University, mimeo, 2009 - econ.cuhk.edu.hk
Abstract This paper addresses whether the response of output to various shocks has timing
or season-contingent effects; that is, does a particular shock have a different effect on output
if it originates in a particular calendar quarter? We study, in turn, shocks to: government ...
B Dupor, MS Mehkari - Ohio State University, 2010 - facultystaff.richmond.edu
Abstract A change in expectations about future exogenous variables provides one impulse
for business cycles. This paper constructs a model economy in which positive news about
future technology generates an increase in current consumption, hours and investment. ...
[CITATION] Improving Monetary Policy Estimates
T Conley, B Dupor… - 2004 - mimeo, Ohio State University
[CITATION] Does the Federal Reserve do what it says it expects to do?
B Dupor, T Mirzoev… - 2004 - Working Paper
B Dupor - Review of Economic Dynamics, 2005 - Elsevier
This paper identifies a novel form of dynamic inconsistency of stabilization policy in
increasing returns models that generate multiple equilibria. We present a two-period model
with externalities and derive closed-form solutions for all endogenous variables in every ...
[CITATION] Complementarities
B Dupor - 1997 - University of Chicago, Department of …
[CITATION] Does the Federal Reserve Do What It Says It Expects to Do
T Conley, B Dupor… - 2004 - Working Paper
[CITATION] Myopia as Horizon Contingent Robustness
B Dupor… - 2005
WF Liu… - 2003 - Citeseer
Abstract This paper studies optimal monetary policy when a central bank faces uncertainty
about the production technology. Our model contains nominal wage and price rigidity and is
sufficiently rich to capture the empirical response of aggregate variables to a monetary ...
V Midrigan, B Dupor, P Evans, P Kehoe, M Mir… - 2006 - Citeseer
Abstract This paper uses scanner price data collected in retail stores to document that (i)
although the average magnitude of price changes is large, a substantial number of price
changes are small in absolute value;(ii) the distribution of non-zero price changes has fat ...
JB DeLong, A Demirguc-Kunt, M Doepke… - Asset Prices and … - down.cenet.org.cn
Abosedra, Salah, 303n13 Adao, B., 118n16 Ahearne, Alan G., 401 Aiyagari, SR, 142
Aizcorbe, AA, 104n2 Almeida, Heitor, 186 Amihud, Yakov, 186 Andersen, Torben G., 338n1,
390 Aoki, A., 122n20 Archer, David, 256, 259n12, 261 Aruoba, S., 192n1 Asness, Clifford, ...
JB DeLong, A Demirguc-Kunt… - Asset prices and …, 2008 - books.google.com
Author Index Abosedra, Salah, 303n13 Adao, B., 118n16 Ahearne, Alan G., 401 Aiyagari,
SR, 142 Aizcorbe, AA, 104n2 Almeida, Heitor, 186 Amihud, Yakov, 186 Andersen, Torben
G., 338n1, 390 Aoki, A., 122n20 Archer, David, 256, 259n12, 261 Aruoba, S., 192n1 ...
B Dupor - 2006 - etd.ohiolink.edu
[CITATION] Sticky Information: Persistence? Hump-Shaped Dynamics?
B Dupor, T Tsuruga - 2004
B Dupor, T Kitamura… - imes.boj.or.jp
Abstract A first generation of research found it difficult to reconcile observed inflation and
cyclical output with the fixed price mechanism. Since then, researchers have been divided
roughly into two camps. The first camp argues that the original mechanism is largely ...
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