Robert E. Hall

 

Other Publications and Vintage Unpublished Papers:

 

2000-present

 

Controlling the Price Level, Contributions to Macroeconomics, Vol. 2 (5), May 2002.

 

The Labor Market is the Key to Understanding the Business Cycle, unpublished, September 2004.

 

Editorial on Ben Bernanke appointment, Wall Street Journal, February 21, 2006.

 

 

1990s

 

Contracts: Determinants, Properties, and Implications, remarks for the concluding panel,  Nobel Symposium, August 1990.

 

High and Low Unemployment Equilibria, Self-Selection, and Screening in the Labor Market, unpublished, February 1990.

Recession Dating, prepared for Federal Reserve Board, unpublished, December 1991.

 

Recessions as Reorganizations, unpublished, February 1991.

 

Macro Theory and the Recession of 1990-91, American Economic Review Papers and Proceedings, Vol. 83(2), May 1993.

 

Nominal Income Targeting (with N. Gregory Mankiw), in N. Gregory Mankiw (ed.), Monetary Policy, University of Chicago Press, 1994, pp. 71-93.

 

The Effects of the Brookings Panel on Economic Activity on Economic Activity, joke paper prepared for BPEA, 1995.

 

The Effects of Tax Reform on Prices and Asset Values, in James Poterba (ed.), Tax Policy and the Economy, Vol. 10, National Bureau of Economic Research, MIT Press,  1996, pp. 71-88.

 

The Flat Tax: A Simple Progressive Consumption Tax (with Alvin Rabushka), in  Michael J. Boskin (ed.), Frontiers of Tax Reform, Stanford, CA: Hoover Institution Press, 1996.

 

Putting the Flat Tax into Action (with Alvin Rabushka), in Fairness & Efficiency in the Flat Tax, AEI press, 1996, pp. 3-41.

 

Robert Lucas, Recipient of the 1995 Nobel Memorial Prize in Economics, Scandinavian Journal of Economics, Vol. 98 (1), 1996, pp. 33-48.

 

Overview of the U.S. Economy (with Susan E. Woodward), prepared for Korea Development Institute, 1997.

 

The Inkjet Aftermarket: An Economic Analysis, unpublished, August 1997.

 

Aggregate Job Destruction and Inventory Liquidation, NBER Working Paper 6912, January 1999.

 

The Concentration of Job Destruction, NBER Working Paper 7025, 1999.

 

 

1980s

 

Employment Fluctuations and Wage Rigidity, in George L. Perry (ed.), Brookings Papers on Economic Activity 1, The Brookings Institution, Washington, DC, 1980, pp. 91-123.

 

Stabilization Policy and Capital Formation, American Economic Review, Vol. 70, No. 2, May 1980, pp.167-63.

 

Comment on Davidson & Hendry’s “Interpreting Economic Evidence,” European Economic Review, Vol. 16, 1981, pp. 193-194.

 

The Government and the Monetary Unit, unpublished, December 1981.

 

A Proposal to Simplify our Tax System (with Alvin Rabushka), Wall Street Journal, December 10, 1981.

 

The Role of the Government in Stabilizing Prices and Regulating Money, unpublished, January 1981.

 

Tax Treatment of Depreciation, Capital Gains, and Interest in an Inflationary Economy, in Charles R. Hulten (ed.), Depreciation, Inflation, and the Taxation of Income from Capital, Washington, DC: Urban Institute Press, 1981, pp. 149-166.

 

Explorations in the Gold Standard and Related Policies for Stabilizing the Dollar, in Robert E.Hall (ed.), Inflation: Causes and Effects, University of Chicago Press, 1982, pp. 111-22.

 

Macroeconomic Policy for a Substantial Transfer of Resources during a Defense Emergency, unpublished,1982.

 

The Minimum Wage and Job Turnover in Markets for Young Workers, in Richard B. Freeman and David A. Wise (eds.) The Youth Labor Market Problem: Its Nature, Causes, and Consequences, University of Chicago Press, 1982, pp. 475-97.

 

Monetary Trends in the United States and the United Kingdom: Review from the Perspective of New Development in Monetary Economics, Journal of Economic Literature, Vol. XX, December 1982, pp. 1552-1556.

 

Is Unemployment a Macroeconomic Problem? AEA Papers and Proceedings, Vol. 73, No. 2, May 1983.

 

Macroeconomic Policy under Structural Change, Industrial Change and Public Policy, A Symposium Sponsored by the Federal Reserve Bank of Kansas City, 1983, pp. 85-111.

 

The Federal Deficit in the Longer Run, unpublished, 1984.

 

A Free Market Policy To Stabilize the Purchasing Power of the Dollar, in Barry N. Siegel (ed.), Money in Crisis: The Federal Reserve, the Economy, and Monetary Reform, Cambridge, MA: Ballinger Publishing, 1984, pp. 303-321.

 

The Inefficiency of Marginal-Cost Pricing and the Apparent Rigidity of Prices, NBER Working Paper 1347, May 1984.

 

Monetary Strategy with an Elastic Price Standard, Price Stability and Public Policy: A Symposium Sponsored by the Federal Reserve Bank of Kansas City, 1984.

 

Persistent Employment Fluctuations and Cautious Wage Adjustment, unpublished, June 1984.

 

Real Interest and Consumption, NBER Working Paper 1694, August 1985.

 

Worker Reputation and the Wage Profile (with Garey Ramey & Valerie A. Ramey), unpublished, May 1985.

 

Cyclical Fluctuations in the Labor Market (with David Lilien), in O. Ashenfelder and R. Layard (eds.), Handbook of Labor Economics, Amsterdam: North Holland, 1986, pp. 1001-1035.

 

Market Structure and Macroeconomic Fluctuations, Brookings Papers on Economic Activity, Vol. 2, 1986, pp. 285-322.

 

Monetary Policy under Financial Innovation and Deregulation, in Y. Suzuki and H. Yomo (eds.), Financial Innovation and Monetary Policy: Asia and the West, University of Tokyo Press, 1986.

 

Near-Indeterminacy of Output under Constant Marginal Cost, unpublished, July 1986.

 

Optimal Monetary Institutions and Policy, in Colin Campbell, William Dougan (eds.), Alternative Monetary Regimes, Baltimore, MD: Johns Hopkins University Press, 1986, pp. 224-239.

 

The Role of Consumption in Economic Fluctuations, in Robert J. Gordon (ed.,) The American Business Cycle: Continuity and Change, University of Chicago Press, 1986, pp. 237-55 and 265-66.

 

Unit Elasticity Hypothesis and the Indeterminacy of Output, unpublished, March 1986.

 

Productivity and the Business Cycle, Carnegie-Rochester Conference Series on Public Policy, Vol. 27, 1987, pp. 421-444.

 

The Volatility of Employment with Fixed Costs of Going to Work, unpublished, June 1987.

 

Fluctuations in Equilibrium Unemployment, American Economic Review, Papers and Proceedings, Vol. 78, No. 2, May 1988.

 

Consumption, in Robert J. Barro (ed.,), Modern Business Cycle Theory, Cambridge, MA: Harvard University Press, 1989, pp. 153-177.

 

 

 

1970s

 

The Calculation of Ordinary Least Squares Estimates, unpublished, Dept. of Economics, UC Berkeley, March 1970.

 

Unionism and the Inflationary Bias of Labor Markets, unpublished, January 1970.

 

Application of the Theory of Optimum Capital Accumulation (with Dale W. Jorgenson), in G. Fromm (ed.), The Effect of Tax Incentives on Investment, Washington, DC: The Brookings Institution, 1971, pp. 9-60.

 

The Market for Professional and Technical Workers, Brookings Papers on Economic Activity, Vol. 1, 1971, pp. 213-218.

 

Prospects for Shifting the Phillips Curve Through Manpower Policy, Brookings Papers on Economic Activity, Vol. 3, 1971, pp. 659-701.

 

Book Review of Microeconomic Foundations of Employment and Inflation Theory, ed. Phelps, Journal of Economic Literature, March 1972.

The Variation in Hours of Work among Individuals, unpublished, January 1972.

 

A Contribution to the Econometric Theory of Unobserved Components, unpublished, January 1973.

 

On the Statistical Theory of Unobserved Components, unpublished, August 1973.

 

The Relative Occupational Success of Blacks and Whites (with Richard Kasten), Brookings Papers on Economic Activity, Vol. 3, 1973, pp. 781-797.

 

The Distribution of Unobserved Variables, unpublished, January 1974.

 

The Process of Inflation in the Labor Market, Brookings Papers on Economic Activity, Vol. 2, 1974, pp. 343-409.

 

The Effects of the Experimental Negative Income Tax on Labor Supply, in Pechman and Timpane (eds.), Work Incentives and Income Guarantees: The New Jersey Negative Income Tax Experiments, The Brookings Institution, 1975.

 

The Rigidity of Wages and the Persistence of Unemployment, Brookings Papers on Economic Activity, Vol. 2, 1975, pp. 301-349.

 

The Taxation of Earnings under Public Assistance (with N. A. Barr), Economica, November 1975.

 

An Approximate Divisia Index of Total Factor Productivity (with Spencer Star), Econometrica, Vol. 44, No. 2, March 1976.

 

An Economic Appraisal of the Full Employment and Balanced Growth Act, Testimony before House Subcommittee, April 1976.

 

Notes on the Current State of Empirical Macroeconomics, unpublished, June 1976.

 

Occupational Mobility and the Distribution of Occupational Success among Young Men (with Richard Kasten), American Economic Review Papers and Proceedings, Vol. 66, May 1976, pp. 309-315.

 

The Phillips Curve in Macroeconomics Policy, in K. Brunner, A. Meltzer (eds.), The Phillips Curve and Labor Markets, Amsterdam: North-Holland, 1976.

 

The Conflicting Goals of National Energy Policy (with Robert S. Pindyck, The Public Interest, No. 47, 1977.

 

The Effectiveness of Training Programs in Raising Earnings, in Seymour L. Wolfbein (ed.), Men in thePre-Retirement Years, Philadelphia: Temple University, 1977, pp. 217-237.

 

Investment, Interest Rates, and the Effects of Stabilization Policies, Brookings Papers on Economic Activity, Vol. 1, 1977, pp. 61-121.

Controlling Inflation, unpublished, November 1978.

 

Distribution of Permanent Income (with Dennis W. Carlton), in Zvi Griliches, Wilhelm Krelle, Hans-Jurgen Krupp, Oldrich Kyn (eds.), Income Distribution and Economic Inequality, New York: Halsted Press, 1978.

 

The Macroeconomic Impact of Changes in Income Taxes in the Short and Medium Runs,  Journal of Political Economy, Vol. 386, No. 2, 1978, pp. S71-S85.

 

The Nature and Measurement of Unemployment, NBER Working Paper 0252, July 1978.

 

Some Evidence on the Sources of Economic Fluctuations, unpublished, June 1978.

 

The Unemployment Explosion of the 1970s, unpublished, February 1978.

 

Intertemporal Substitution and Aggregate Fluctuations, unpublished, 1979.

 

The Measurement and Significance of Labor Turnover (with David Lilien), Concepts and Data Needs, National Commission on Employment and Unemployment Statistics, 1979, pp. 577-600.

 

The Role of Prevailing Prices and Wages in the Efficient Organization of Markets, NBER Working Paper 0386, August 1979.

 

 

1960s

 

Investment in Equipment and Structures, 1929-1961, Berkeley, Bachelor’s Thesis, May, 1964.

 

The Population of England in the 14th and 15th Centuries, unpublished, 1965.

 

The Burden of Slavery, unpublished, January 1966.

 

Essays on the Theory of Wealth, MIT Ph.D. Thesis, June 1967.

 

Polynomial Distributed Lags, MIT Working Paper, July 1967.

 

A Flexible Infinite Distributed Lag (with Richard C. Sutch), Committee on Econometrics and Mathematical Economics, Institute of Business and Economic Research, UC Berkeley Working Paper No. 124, February 1968.

 

Simulation Methods for Intertemporal Economic Models, UC Berkeley Working Paper, October 1968.

 

Transform Methods for the Study of Distributed Lags, UC Berkeley Working Paper in Economic Theory and Econometrics, #132, June 1968.

 

 

 

 

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