Simon Gilchrist
Department of Economics, Boston University
Recent Working Papers:
``Investment and the Cost of Capital: New
Evidence from the Corporate Bond Market''
(with Egon
Zakrajsek), May 2007.
``Investment during the Korean Financial
Crisis: A Structural Econometric Approach''
(with Jae W. Sim), May
2007.
``Irreversibility and Investment Dynamics for Chilean Manufacturing Plants: A
Maximum Likelihood Approach''
(with Olga Fuentes and Marc Rysman),
July 2006.
``Skill-Biased Technology Adoption: Evidence
for the Chilean Manufacturing Sector"
(with Olga Fuentes), December,
2005.
"Transition Dynamics in Vintage Capital
Models: Explaining the Post-war Experience of German and Japan"
(with John
Williams), July, 2004.
Published Papers:
- ``External Constraints on Monetary Policy and
the Financial Accelerator'' (with Mark Gertler and Fabio Natalucci),
Journal of Money, Credit, and Banking, Forthcoming.
- ``Expectations, Asset Prices and Monetary
Policy: The Role of Learning'' (with Masashi Saito), Asset Prices and
Monetary Policy, edited by John Campbell, University of Chicago,
forthcoming.
- "Do Stock
Price Bubbles Influence Corporate Investment?" (with Charles
Himmelberg and Gur Huberman), Journal
of Monetary Economics, May 2005.
- "Investment,
Capacity and Uncertainty: A Putty-Clay Approach" (with John
Williams), Review of Economic
Dynamics Vol 8, January 2005.
- "Trade Liberalization and Labor Market Evolution" (with Olga
Fuentes), Series on Central Banking, Analysis and Economic Policies,
Vol VIII: Labor Markets and Institutions", Edited by Luis Antonio
Ahumada and J. Rodrigo Fuentes, Central Bank of Chile, 2005.
- "Financial
Markets and Financial Leverage in a Two-Country World Economy",
Series on Central Banking, Analysis and Economic Policies, Vol VII:
Banking Market Structure and Monetary Policy", Edited by Luis Antonio
Ahumada and J. Rodrigo Fuentes, Central Bank of Chile, 2004.
- "Monetary Policy and Asset Prices" (with John Leahy), Journal
of Monetary Economics, January 2002.
- "Putty-Clay and Investment: A
Business Cycle Analysis" (with John Williams), Journal of
Political Economy, Oct. 2000.
- "The Financial Accelerator in a Quantitative Business Cycle
Framework" (with Ben Bernanke and Mark Gertler), in John Taylor and
Michael Woodford (eds.), the Handbook and Macroeconomics,
Amsterdam: North Holland, 1999.
- "Investment, Fundamentals and Finance" (with Charles Himmelberg),
in Ben Bernanke and Julio Rotermberg (eds.), The NBER
Macroeconomics Annual, 1998.
- "The Financial Accelerator and Flight to Quality" (with Ben Bernanke and Mark Gertler), Review of Economics and Statistics,
Feb 1996.
- "The Role of Cash Flow in Reduced-Form Investment Equations"
(with Charles Himmelberg), Journal of Monetary Economics, Vol.
36, December 1995.
- "The Importance of Credit for Macroeconomic Activity:
Identification Through Heterogeneity" (with Egon Zakrajsek), in Is
Bank Lending Important for Transmission of Monetary Policy?,
Federal Reserve Bank of Boston Conference Series No 39, June 1995.
- "Monetary Policy, Business Cycles, and the
Behavior of Small Manufacturing Firms" (with Mark Gertler), Quarterly
journal of Economics, Vol. CIX, May 1994.
- "The Role of Credit Market Imperfections in the Monetary
Transmission Mechanism: Argument and Evidence" (with Mark Gertler), Scandinavian
Journal of Economics, Vol. 95, 1993, 43-64. Reprinted in Financial
Aspects in the Transition from Stabilization to Growth, Editors:
Zvi Eckstein, Zvi Hercovitz, and Leo Leiderman, Cambridge University
Press, 1995.
- "The Cyclical Behavior of Short Term Business Lending:
Implication for Financial Propagation Mechanisms" (with Mark Gertler), European
Economic Review: Papers and Proceedings, April 1993.
Comments:
A comment on ``Banking and Interest
Rates in Monetary Policy Analysis: A Quantitative Exploration''
by Bennett
McCallum and Marvin Goodfriend (forthcoming in Carnegie Rochester Series on
Public Policy).
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