The substantially revised fourth edition of a widely used text, offering both an introduction to
recursive methods and advanced material, mixing tools and sample applications. Recursive …

Economists generally assume that the state has sufficient institutional capacity to support
markets and levy taxes. This paper develops a framework where “policy choices” in market …

This study evaluates the conventional wisdom that modern Phillips curve-based models are
useful tools for forecasting inflation. These models are based on the non-accelerating …

The Fiscal Theory of the Price Level Page 1 Page 2 The Fiscal Theory of the Price Level john h.
cochrane princeton university press princeton and oxford Page 3 Copyright c 2023 by …

In Urban Land Rent, Anne Haila uses Singapore as a case study to develop an original
theory of urban land rent with important implications for urban studies and urban theory …

The growing world population, in combination with the anticipated effects of climate change,
is pressuring food security. Plants display an impressive arsenal of cellular mechanisms …

Since 1947, hyperinflations in market economies have been rare. More common have been
longer inflationary processes at rates above 100 percent per annum. This paper examines …

This review describes interactions between monetary and fiscal policies that affect
equilibrium price levels and interest rates by critically surveying theories about (a) optimal …

In an economy studied by Lucas and Stokey, tax rates inherit the serial correlation structure
of government expenditures, belying Barro's earlier result that taxes should be a random …

The Big Problem of Small Change offers the first credible and analytically sound explanation
of how a problem that dogged monetary authorities for hundreds of years was finally solved …