Research
working papers
chronological list of
publications
publications by topic
Working
papers
- A Phillips Curve with an Ss Foundation (with Mark Gertler), NBER
Working Paper 11971, January 2006.(latest version May 2007)

- Absentminded Consumer (with John Ameriks and Andrew Caplin), NBER
Working
Paper No. 10216, January 2004.

- Fixed Costs: the Demise of Marginal q (with Ricardo Caballero),
NBER
Working
Paper No. 5508, March 1996.
Chronological List of
Publications
- The Measurement of Self-Control Problems (with John Ameriks,
Andrew Caplin
and
Tom
Tyler), American Economic Review,
June 2007, forthcoming.
- Retirement Consumption: Insights from a Survey (with John Ameriks
and
Andrew
Caplin), Review of Economics and
Statistics 89, May 2007, 265-274.

- The Recursive Approach to Time Inconsistency (with Andrew
Caplin), Journal of Economic Theory
131, November 2006, 134-156.

- Equilibrium in a Durable Goods Market with
Lumpy
Adjustment
(with Andrew Caplin), Journal of Economic Theory 128, May 2006,
187-203.

- The Timing of Purchases and
Aggregate
Fluctuations
(with
Joseph Zeira), Review of Economic Studies, December 2005, 1127-1151.

- The Social Discount Rate (with Andrew Caplin), Journal
of Political Economy 112, December 2004, 1257-1268.

- The Supply of Information by a Concerned Expert
(with Andrew
Caplin), Economic Journal 114, July 2004, 487-505.
- An Ss Model with Adverse Selection (with Chris
House), Journal
of Political Economy 112, June 2004, 581-614.

- On the Relationship between Representative
Agent
Models and
(S,s) Models (with Andrew Caplin), in Ito and Rose, Productivity,
East
Asia Seminar on Economics, Volume 13, Chicago: University of
Chicago
Press, 2004, 351-376.

- The Psychology of Saving: The Importance of
Planning and
Self Control, CV Star Center Newsletter 20, 2004, 11-13.
- Wealth Accumulation and the Propensity to Plan
(with John
Ameriks and Andrew Caplin), Quarterly Journal of Economics 118,
August 2003, 1007-1047.

- Behavioral Policy (with Andrew Caplin), in Borcas
and Carrillo,
eds., Collected Essays in Psychology and Economics: Volume 1,
Oxford:
Oxford University Press, 2003, 73-88.
- Monetary Policy and Asset Prices (with Simon
Gilchrist), Journal
of Monetary Economics, January 2002.

- Psychological Expected Utility Theory and
Anticipatory Feelings
(with Andrew Caplin), Quarterly Journal of Economics, 116,
February
2001, 55-796 .

- Mass Layoffs and Unemployment (with Andrew
Caplin), Journal
of Monetary Economics, 46, August 2000, 121-142.
- Testing the (s,S) Model (with Christopher Foote
and
Erik
Hurst), American Economic Review: Papers and Proceedings, 90,
May
2000, 116-119. jstor
- Miracle on Sixth Avenue: Information
Externalities
and Search
(with Andrew Caplin), Economic Journal, 108, January 1998,
60-74;
reprinted in Game Choices: New Approaches to Competition Risk,
London:
Risk Books, 2000. jstor
- Aggregation and Optimization with
State-Dependent
Pricing
(with Andrew Caplin), Econometrica, 65, May 1997,
601-623. jstor
- The Money Game (with Andrew Caplin), New
Economy,
1997, 25-29.
- Monetary Policy as a Process of Search (with
Andrew
Caplin), American
Economic Review, 86, September 1996, 689-702. jstor
- Trading Costs, Price, and Volume in Asset
Markets
(with Andrew
Caplin), American Economic Review: Papers and Proceedings 86,
May
1996, 192-196. jstor
- The Effect of Uncertainty on Investment: Some
Stylized Facts
(with Toni Whited), Journal of Money, Credit and Banking, 28,
February
1996, 64-83. jstor
- The Adjustment Problem (with Andrew Caplin), in
R.
Cross,
ed., The Natural Rate of Unemployment: Reflections on 25 Years of
the
Hypothesis, Cambridge: Cambridge University Press, 1995, 77-89.
- Business as Usual, Market Crashes, and Wisdom
after
the Fact
(with Andrew Caplin), American Economic Review, 84, June 1994,
548-565. jstor
- Investment in Competitive Equilibrium: The
Optimality of
Myopic Behavior, Quarterly Journal of Economics, 108, November
1993,
1105-1133; reprinted in Game Choices: New Approaches to Competition
Risk, London: Risk Books, 2000. jstor
- Sectoral Shocks, Learning, and Aggregate
Fluctuations (with
Andrew Caplin), Review of Economic Studies, 60, October 1993,
777-794. jstor
- State-Dependent Pricing and the Dynamics of
Money
and Output
(with Andrew Caplin), Quarterly Journal of Economics, 106,
August
1991, 683-708; reprinted in E. Sheshinski and Y. Weiss, eds., Optimal
Pricing, Inflation, and the Cost of Price Adjustment, Cambridge:
MIT
Press, 1993. jstor
- Real Hilbert Rings and the Real Nullstellensatz
(with John
Leahy, Sr.), Kobe Journal of Mathematics, 5:2, December 1988,
185-192.
Publications
by Topic
1. Macroeconomics
A. State-Dependent Pricing
- A Phillips Curve with an Ss Foundation (with Mark Gertler), NBER
Working Paper 11971, January 2006.(latest version May 2007)

- Aggregation and Optimization with
State-Dependent
Pricing
(with Andrew Caplin), Econometrica, 65, May 1997,
601-623. jstor
- State-Dependent Pricing and the Dynamics of
Money
and Output
(with Andrew Caplin), Quarterly Journal of Economics, 106,
August
1991, 683-708; reprinted in E. Sheshinski and Y. Weiss, eds., Optimal
Pricing, Inflation, and the Cost of Price Adjustment, Cambridge:
MIT
Press, 1993. jstor
B. Aggregation and Durable Goods
- Equilibrium in a Durable Goods Market with
Lumpy
Adjustment
(with Andrew Caplin), Journal of Economic Theory 128, May 2006, 187-203.

- The Timing of Purchases and Aggregate
Fluctuations
(with
Joseph Zeira), Review of Economic Studies, December 2005, 1127-1151.

- An Ss Model with Adverse Selection (with Chris
House), Journal
of Political Economy 112, June 2004, 581-614.

- On the Relationship between Representative
Agent
Models and
(S,s) Models (with Andrew Caplin), in Ito and Rose, Productivity,
East
Asia Seminar on Economics, Volume 13, Chicago: University of
Chicago
Press, 2004, 351-376.

- Testing the (s,S) Model (with Christopher Foote
and
Erik
Hurst), American Economic Review: Papers and Proceedings, 90,
May
2000, 116-119. jstor
C. Investment
- Fixed Costs: the Demise of Marginal q (with Ricardo Caballero),
NBER
Working
Paper No. 5508, March 1996.
- The Effect of Uncertainty on Investment: Some
Stylized Facts
(with Toni Whited), Journal of Money, Credit and Banking, 28,
February
1996, 64-83. jstor
- The Adjustment Problem (with Andrew Caplin), in
R.
Cross,
ed., The Natural Rate of Unemployment: Reflections on 25 Years of
the
Hypothesis, Cambridge: Cambridge University Press, 1995, 77-89.
- Investment in Competitive Equilibrium: The
Optimality of
Myopic Behavior, Quarterly Journal of Economics, 108, November
1993,
1105-1133; reprinted in Game Choices: New Approaches to Competition
Risk, London: Risk Books, 2000. jstor
D. Monetary Policy
- Monetary Policy and Asset Prices (with Simon
Gilchrist), Journal
of Monetary Economics, January 2002.

- Monetary Policy as a Process of Search (with
Andrew
Caplin), American
Economic Review, 86, September 1996, 689-702. jstor
- The Money Game (with Andrew Caplin), New
Economy,
1997, 25-29.
E. Misc
- Trading Costs, Price, and Volume in Asset
Markets
(with Andrew
Caplin), American Economic Review: Papers and Proceedings 86,
May
1996, 192-196. jstor
- Mass Layoffs and Unemployment (with Andrew
Caplin), Journal
of Monetary Economics, 46, August 2000, 121-142.
2. Behavioral Economics and
Economic
Theory
A. Psychology and Economics
- Absentminded Consumer (with John Ameriks and Andrew Caplin), NBER
Working
Paper No. 10216, January 2004.

- The Measurement of Self-Control Problems (with John Ameriks,
Andrew Caplin
and
Tom
Tyler), American Economic Review,
June 2007, forthcoming.

- The Recursive Approach to Time Inconsistency (with Andrew
Caplin), Journal of Economic Theory 131,
November 2006, 134-156.
- Behavioral Policy (with Andrew Caplin), in Borcas
and Carrillo,
eds., Collected Essays in Psychology and Economics: Volume 1,
Oxford:
Oxford University Press, 2003, 73-88.
- Psychological Expected Utility Theory and
Anticipatory Feelings
(with Andrew Caplin), Quarterly Journal of Economics, 116,
February
2001, 55-79.

B. Limits of Revealed Preference
- The Social Discount Rate (with Andrew Caplin), Journal
of Political Economy 112, December 2004, 1257-1268.

- The Supply of Information by a Concerned Expert
(with Andrew
Caplin), Economic Journal 114, July 2004, 487-505.
C. Retirement and Planning
- Retirement Consumption: Insights from a Survey (with John Ameriks
and
Andrew
Caplin), Review of Economics and
Statistics 89, May 2007, 265-274.
- The Psychology of Saving: The Importance of
Planning and
Self Control, CV Star Center Newsletter 20, 2004, 11-13.
- Wealth Accumulation and the Propensity to Plan
(with John
Ameriks and Andrew Caplin), Quarterly Journal of Economics 118,
August 2003, 1007-1047.

D. Information and Discrete Adjustment
- Miracle on Sixth Avenue: Information
Externalities
and Search
(with Andrew Caplin), Economic Journal, 108, January 1998,
60-74;
reprinted in Game Choices: New Approaches to Competition Risk,
London:
Risk Books, 2000. jstor
- Business as Usual, Market Crashes, and Wisdom
after
the Fact
(with Andrew Caplin), American Economic Review, 84, June 1994,
548-565. jstor
- Sectoral Shocks, Learning, and Aggregate
Fluctuations (with
Andrew Caplin), Review of Economic Studies, 60, October 1993,
777-794. jstor
3. Pure Math
- Real Hilbert Rings and the Real Nullstellensatz
(with John
Leahy, Sr.), Kobe Journal of Mathematics, 5:2, December 1988,
185-192.