On the Welfare Cost of Inflation and the Recent Behavior of Money Demand, Working Paper 662, April 2007

Productivity and U.S. Macroeconomic Performance: Interpreting the Past and Predicting the Future with a Two-Sector Real Business Cycle Model (Co-authored with Scott Schuh), Working Paper 642, April 2006

The Monetary Transmission Mechanism, Working Paper 628, October 2005

Changes in the Federal Reserve's Inflation Target: Causes and Consequences, Working Paper 607, January 2005

Heterogeneity and Redistribution: By Monetary or Fiscal Means? Working Paper 595, May 2004

The Own-Price of Money and a New Channel of Monetary Transmission (Co-authored with Michael T. Belongia), Working Paper 544, October 2002

Technology Shocks in the New Keynesian Model, Working Paper 536, August 2002

"Rules Rather Than Discretion" After Twenty Five Years: What Have We Learned? What More Can We Learn? Working Paper 530, April 2002

Endogenous Money or Sticky Prices? Working Paper 499, June 2001

The Real Balance Effect, Working Paper 491, February 2001

Implementing the Friedman Rule, Working Paper 460, June 2000

Money's Role in the Monetary Business Cycle, Working Paper 458, April 2000

Sticky-Price Models of the Business Cycle: Specification and Stability, Working Paper 426, July 1999

Expectations, Credibility, and Time-Consistent Monetary Policy, Working Paper 425, July 1999

A Method for Taking Models to the Data, Working Paper 421, April 1999

Interest Rates, Inflation, and Federal Reserve Policy Since 1980, Working Paper 419, February 1999

Does the Time-Consistency Problem Explain the Behavior of Inflation in the United States? Working Paper 415, November 1998

Productivity and U.S. Macroeconomic Performance: Interpreting the Past and Predicting the Future with a Two-Sector Real Business Cycle Model (Co-authored with Scott Schuh), Working Paper 13532, October 2007

Changes in the Federal Reserve's Inflation Target: Causes and Consequences, Working Paper 12492, August 2006

Technology Shocks in the New Keynesian Model, Working Paper 10309, February 2004

Endogenous Money or Sticky Prices? Working Paper 9390, December 2002

The Own-Price of Money and a New Channel of Monetary Transmission (Co-authored with Michael T. Belongia), Working Paper 9341, November 2002

Implementing the Friedman Rule, Working Paper 8821, March 2002

The Real Balance Effect, Working Paper 8136, February 2001

Money's Role in the Monetary Business Cycle, Working Paper 8115, February 2001

Sticky-Price Models of the Business Cycle: Specification and Stability, Working Paper 7511, January 2000

Expecations, Credibility, and Time-Consistent Monetary Policy, Working Paper 7234, July 1999

The Monetary Transmission Mechanism, Working Paper 06-01, January 2006

Changes in the Federal Reserve's Inflation Target: Causes and Consequences, Working Paper 05-13, August 2005

The Liquidity Trap, the Real Balance Effect, and the Friedman Rule, Working Paper 05-3, January 2005

A Method for Taking Models to the Data, Working Paper 9903, June 1999

Expectations, Credibility, and Time-Consistent Monetary Policy, Working Paper 9812, August 1998

Customer Flows, Countercyclical Markups, and the Persistent Effects of Monetary Shocks, Working Paper 95-4, September 1995

Optimal Disinflationary Paths, Working Paper 95-1, January 1995

Money and the Gain from Enduring Relationships in the Turnpike Model, Working Paper 94-7, June 1994

The Welfare Cost of Inflation in General Equilibrium (Co-authored with Michael Dotsey), Working Paper 94-4, March 1994

Liquidity Effects and Transaction Technologies (Co-authored with Michael Dotsey), Working Paper 93-1, February 1993

Endogenous Financial Innovation and the Demand for Money, Working Paper 92-3, December 1992

Using the Permanent Income Hypothesis for Forecasting, Economic Quarterly, Winter 1995

Two Perspectives on Growth and Taxes, Economic Quarterly, Winter 1994

Price Stability Under Long-Run Monetary Targeting, Economic Quarterly, Winter 1993

Financial Evolution and the Long-Run Behavior of Velocity: New Evidence from U.S. Regional Data, Economic Review, November/December 1991