Simon Gilchrist

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

27

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Top 188

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2,252

CROSSREF CITATIONS

2,318

Scholarly Papers (27)

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1.

The Financial Accelerator in a Quantitative Business Cycle Framework

NBER Working Paper No. w6455
Number of pages: 75 Posted: 21 Jun 2000 Last Revised: 22 Aug 2022
Ben S. Bernanke, Mark Gertler and Simon Gilchrist
Board of Governors of the Federal Reserve System, New York University - Leonard N. Stern School of Business - Department of Economics and National Bureau of Economic Research (NBER)
Downloads 1,066 (34,971)
Citation 54

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2.

Do Stock Price Bubbles Influence Corporate Investment?

Downloads 617 (73,238)
Citation 106

Do Stock Price Bubbles Influence Corporate Investment?

FRB of New York Staff Report No. 177
Number of pages: 37 Posted: 28 Sep 2004
Charles P. Himmelberg, Simon Gilchrist and Gur Huberman
Goldman, Sachs & Co., National Bureau of Economic Research (NBER) and Columbia University - Columbia Business School, Finance
Downloads 532 (87,109)

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investment, stock market, bubble, dispersion

Do Stock Price Bubbles Influence Corporate Investment?

NBER Working Paper No. w10537
Number of pages: 42 Posted: 17 Jun 2004 Last Revised: 17 Oct 2022
Simon Gilchrist, Charles P. Himmelberg and Gur Huberman
National Bureau of Economic Research (NBER), Goldman, Sachs & Co. and Columbia University - Columbia Business School, Finance
Downloads 85 (488,300)
Citation 33

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3.

External Constraints on Monetary Policy and the Financial Accelerator

Downloads 498 (95,498)
Citation 83

External Constraints on Monetary Policy and the Financial Accelerator

BIS Working Paper No. 139
Number of pages: 61 Posted: 20 Sep 2007
Mark Gertler, Simon Gilchrist and Fabio M. Natalucci
New York University - Leonard N. Stern School of Business - Department of Economics, National Bureau of Economic Research (NBER) and U.S. Federal Reserve Board - Division of Monetary Affairs
Downloads 354 (140,825)
Citation 18

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External Constraints on Monetary Policy and the Financial Accelerator

NBER Working Paper No. w10128
Number of pages: 50 Posted: 05 Dec 2003 Last Revised: 06 Mar 2022
Mark Gertler, Simon Gilchrist and Fabio M. Natalucci
New York University - Leonard N. Stern School of Business - Department of Economics, National Bureau of Economic Research (NBER) and U.S. Federal Reserve Board - Division of Monetary Affairs
Downloads 80 (506,771)
Citation 14

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External Constraints on Monetary Policy and the Financial Accelerator

NYU Working Paper No. S-MF-03-19
Number of pages: 49 Posted: 12 Nov 2008
Mark Gertler, Simon Gilchrist and Fabio M. Natalucci
New York University - Leonard N. Stern School of Business - Department of Economics, National Bureau of Economic Research (NBER) and U.S. Federal Reserve Board - Division of Monetary Affairs
Downloads 64 (575,559)

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Financial crises, exchange rate policy

4.

Uncertainty, Financial Frictions, and Investment Dynamics

Downloads 305 (166,234)
Citation 81

Uncertainty, Financial Frictions, and Investment Dynamics

FEDS Working Paper No. 2014-69
Number of pages: 60 Posted: 01 Oct 2014
Simon Gilchrist, Jae Sim and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 209 (240,868)
Citation 6

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Time-varying volatility, asset specificity, capital liquidity shocks, costly external finance, firm heterogeneity, general equilibrium

Uncertainty, Financial Frictions, and Investment Dynamics

NBER Working Paper No. w20038
Number of pages: 60 Posted: 14 Apr 2014 Last Revised: 03 Apr 2022
Simon Gilchrist, Jae Sim and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 96 (451,294)
Citation 27

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5.

Putty-Clay and Investment: A Business Cycle Analysis

Downloads 233 (217,989)
Citation 24

Putty-Clay and Investment: A Business Cycle Analysis

Number of pages: 44 Posted: 16 Oct 1998
Simon Gilchrist and John C. Williams
National Bureau of Economic Research (NBER) and Federal Reserve Bank of New York
Downloads 173 (285,878)
Citation 26

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Putty-Clay and Investment: a Business Cycle Analysis

NBER Working Paper No. w6812
Number of pages: 45 Posted: 13 Jul 2000 Last Revised: 14 Aug 2022
Simon Gilchrist and John C. Williams
National Bureau of Economic Research (NBER) and Federal Reserve Bank of New York
Downloads 60 (594,798)

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6.

Monetary Policy and the Financial Accelerator in a Monetary Union

Number of pages: 43 Posted: 28 May 2003
Simon Gilchrist, Jean-Olivier Hairault and Hubert Kempf
National Bureau of Economic Research (NBER), Université Paris I Pantheon-Sorbonne and Ecole Normale Superieure de Cachan (ENS)
Downloads 227 (223,578)
Citation 7

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Financial Accelerator, Exchange Rate Policy, monetary economics, monetary policy and international economics

7.

Transition Dynamics in Vintage Capital Models: Explaining the Postwar Catch-Up of Germany and Japan

Downloads 201 (250,309)
Citation 7

Transition Dynamics in Vintage Capital Models: Explaining the Postwar Catch-Up of Germany and Japan

FRB of San Francisco Working Paper No. 2004-14
Number of pages: 30 Posted: 16 Feb 2001
John C. Williams and Simon Gilchrist
Federal Reserve Bank of New York and National Bureau of Economic Research (NBER)
Downloads 141 (339,474)
Citation 5

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Putty-Clay, Embodied Technology, Productivity Growth, Convergence

Transition Dynamics in Vintage Capital Models: Explaining the Postwar Catch-Up of Germany and Japan

NBER Working Paper No. w10732
Number of pages: 31 Posted: 20 Sep 2004 Last Revised: 30 Oct 2022
Simon Gilchrist and John C. Williams
National Bureau of Economic Research (NBER) and Federal Reserve Bank of New York
Downloads 60 (594,798)
Citation 2

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8.

Inflation Dynamics During the Financial Crisis

Downloads 198 (253,713)
Citation 137

Inflation Dynamics During the Financial Crisis

FEDS Working Paper No. 2015-012, http://dx.doi.org/10.17016/FEDS.2015.012
Number of pages: 53 Posted: 19 Apr 2015
Simon Gilchrist, Raphael Schoenle, Jae Sim and Egon Zakrajsek
National Bureau of Economic Research (NBER), Brandeis University, Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 172 (287,329)
Citation 3

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Deflation,Monetary policy,Prices, business fluctuations, cycles

Inflation Dynamics During the Financial Crisis

NBER Working Paper No. w22827
Number of pages: 61 Posted: 14 Nov 2016 Last Revised: 17 May 2023
Simon Gilchrist, Raphael Schoenle, Jae Sim and Egon Zakrajsek
National Bureau of Economic Research (NBER), Brandeis University, Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 26 (823,125)
Citation 49

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9.

Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms

NBER Working Paper No. w3892
Number of pages: 53 Posted: 19 Jun 2004 Last Revised: 20 Feb 2022
Mark Gertler and Simon Gilchrist
New York University - Leonard N. Stern School of Business - Department of Economics and National Bureau of Economic Research (NBER)
Downloads 197 (254,870)
Citation 210

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10.

The Financial Accelerator and the Flight to Quality

Downloads 188 (265,829)

The Financial Accelerator and the Flight to Quality

NBER Working Paper No. w4789
Number of pages: 54 Posted: 17 Aug 2010 Last Revised: 04 Aug 2022
Ben S. Bernanke, Mark Gertler and Simon Gilchrist
Board of Governors of the Federal Reserve System, New York University - Leonard N. Stern School of Business - Department of Economics and National Bureau of Economic Research (NBER)
Downloads 188 (265,552)
Citation 102

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The Financial Accelerator and the Flight to Quality

Posted: 15 Sep 1999
Ben S. Bernanke, Mark Gertler and Simon Gilchrist
Board of Governors of the Federal Reserve System, New York University - Leonard N. Stern School of Business - Department of Economics and National Bureau of Economic Research (NBER)

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11.

Investment, Capacity, and Output: A Putty-Clay Approach

Board of Governors of the Federal Reserve System Working Paper No. 98-44
Number of pages: 34 Posted: 08 Mar 1999
John C. Williams and Simon Gilchrist
Federal Reserve Bank of New York and National Bureau of Economic Research (NBER)
Downloads 182 (273,534)
Citation 1

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12.

Investment, Capacity, and Uncertainty: A Putty-Clay Approach

Downloads 165 (297,672)
Citation 21

Investment, Capacity, and Uncertainty: A Putty-Clay Approach

FRB of San Francisco Working Paper No. 2002-03
Number of pages: 36 Posted: 10 May 2005
Simon Gilchrist and John C. Williams
National Bureau of Economic Research (NBER) and Federal Reserve Bank of New York
Downloads 130 (361,885)

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Putty-clay, vintage capital, irreversibility, capacity utilization

Investment, Capacity, and Uncertainty: A Putty-Clay Approach

NBER Working Paper No. w10446
Number of pages: 36 Posted: 10 May 2004 Last Revised: 18 Jul 2022
Simon Gilchrist and John C. Williams
National Bureau of Economic Research (NBER) and Federal Reserve Bank of New York
Downloads 35 (749,977)
Citation 6

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13.

Credit Spreads and Business Cycle Fluctuations

NBER Working Paper No. w17021
Number of pages: 37 Posted: 09 May 2011 Last Revised: 06 Jul 2023
Simon Gilchrist and Egon Zakrajsek
National Bureau of Economic Research (NBER) and Bank for International Settlements (BIS)
Downloads 154 (315,487)
Citation 215

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14.

Investment, Fundamentals and Finance

NBER Working Paper No. w6652
Number of pages: 54 Posted: 06 Nov 1998 Last Revised: 05 Sep 2022
Simon Gilchrist and Charles P. Himmelberg
National Bureau of Economic Research (NBER) and Goldman, Sachs & Co.
Downloads 151 (320,708)
Citation 7

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15.

Credit Spreads as Predictors of Real-Time Economic Activity: A Bayesian Model-Averaging Approach

Downloads 134 (352,476)
Citation 50

Credit Spreads as Predictors of Real-Time Economic Activity: A Bayesian Model-Averaging Approach

FEDS Working Paper No. 2012-77
Number of pages: 52 Posted: 08 Jan 2013
Jon Faust, Simon Gilchrist, Jonathan H. Wright and Egon Zakrajsek
Board of Governors of the Federal Reserve System, National Bureau of Economic Research (NBER), Johns Hopkins University - Department of Economics and Bank for International Settlements (BIS)
Downloads 80 (506,771)
Citation 7

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Forecasting, real-time data, Bayesian Model Averaging, credit spreads

Credit Spreads as Predictors of Real-Time Economic Activity: A Bayesian Model-Averaging Approach

NBER Working Paper No. w16725
Number of pages: 41 Posted: 31 Jan 2011 Last Revised: 15 Mar 2023
Jon Faust, Simon Gilchrist, Jonathan H. Wright and Egon Zakrajsek
Board of Governors of the Federal Reserve System, National Bureau of Economic Research (NBER), Johns Hopkins University - Department of Economics and Bank for International Settlements (BIS)
Downloads 54 (626,738)
Citation 20

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16.

The Macroeconomic Impact of Financial and Uncertainty Shocks

Downloads 120 (382,862)
Citation 143

The Macroeconomic Impact of Financial and Uncertainty Shocks

FRB International Finance Discussion Paper No. 1166
Number of pages: 44 Posted: 27 May 2016
Dario Caldara, Cristina Fuentes-Albero, Simon Gilchrist and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, National Bureau of Economic Research (NBER) and Bank for International Settlements (BIS)
Downloads 64 (575,559)
Citation 43

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Time-varying uncertainty, Financial conditions, Structural vector autoregression, Optimization-based identification

The Macroeconomic Impact of Financial and Uncertainty Shocks

NBER Working Paper No. w22058
Number of pages: 43 Posted: 07 Mar 2016 Last Revised: 10 Apr 2022
Dario Caldara, Cristina Fuentes-Albero, Simon Gilchrist and Egon Zakrajsek
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, National Bureau of Economic Research (NBER) and Bank for International Settlements (BIS)
Downloads 56 (615,759)
Citation 1

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17.

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

Downloads 111 (405,080)
Citation 87

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

FEDS Working Paper No. 2014-39
Number of pages: 37 Posted: 07 Jun 2014
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 56 (615,759)

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Unconventional monetary policy, LSAPs, forward guidance, term premia, corporate bond yields, mortgage interest rates

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

FEDS Working Paper No. 2014-03
Number of pages: 38 Posted: 05 Feb 2014
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 36 (742,486)
Citation 2

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Unconventional monetary policy, LSAPs, forward guidance, term premia, corporate bond yields, mortgage interest rates

Monetary Policy and Real Borrowing Costs at the Zero Lower Bound

NBER Working Paper No. w20094
Number of pages: 37 Posted: 06 May 2014 Last Revised: 29 May 2022
Simon Gilchrist, David Lopez-Salido and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 19 (888,248)
Citation 29

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18.

Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets

NBER Working Paper No. w14863
Number of pages: 50 Posted: 13 Apr 2009 Last Revised: 13 Aug 2022
Simon Gilchrist, Vladimir Yankov and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 111 (405,080)
Citation 53

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19.

Credit Risk in the Euro Area

Downloads 105 (421,357)
Citation 54

Credit Risk in the Euro Area

Banque de France Working Paper No. 482
Number of pages: 57 Posted: 29 Apr 2014
Simon Gilchrist and Benoit Mojon
National Bureau of Economic Research (NBER) and Banque de France
Downloads 74 (530,841)
Citation 24

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credit cycle, euro area, financial crisis

Credit Risk in the Euro Area

NBER Working Paper No. w20041
Number of pages: 53 Posted: 14 Apr 2014 Last Revised: 06 Apr 2023
Simon Gilchrist and Benoît Mojon
National Bureau of Economic Research (NBER) and Bank for International Settlements (BIS)
Downloads 31 (781,334)
Citation 8

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20.

Investment and the Cost of Capital: New Evidence from the Corporate Bond Market

NBER Working Paper No. w13174
Number of pages: 42 Posted: 27 Jun 2007 Last Revised: 01 Jan 2023
Simon Gilchrist and Egon Zakrajsek
National Bureau of Economic Research (NBER) and Bank for International Settlements (BIS)
Downloads 89 (470,082)
Citation 2

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21.

The Impact of the Federal Reserve's Large-Scale Asset Purchase Programs on Corporate Credit Risk

Downloads 78 (508,761)
Citation 55

The Impact of the Federal Reserve's Large-Scale Asset Purchase Programs on Corporate Credit Risk

FEDS Working Paper No. 2013-56
Number of pages: 32 Posted: 04 Nov 2013
Simon Gilchrist and Egon Zakrajsek
National Bureau of Economic Research (NBER) and Bank for International Settlements (BIS)
Downloads 45 (680,295)

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credit default swap (CDS), default risk channel, LSAPs, quantitative easing, identification through heteroskedasticity

The Impact of the Federal Reserve's Large-Scale Asset Purchase Programs on Corporate Credit Risk

NBER Working Paper No. w19337
Number of pages: 32 Posted: 17 Aug 2013 Last Revised: 04 May 2023
Simon Gilchrist and Egon Zakrajsek
National Bureau of Economic Research (NBER) and Bank for International Settlements (BIS)
Downloads 33 (765,331)
Citation 29

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22.

Misallocation and Financial Market Frictions: Some Direct Evidence from the Dispersion in Borrowing Costs

FEDS Working Paper No. 2012-08
Number of pages: 21 Posted: 04 May 2012
Simon Gilchrist, Egon Zakrajsek and Jae Sim
National Bureau of Economic Research (NBER), Bank for International Settlements (BIS) and Board of Governors of the Federal Reserve System
Downloads 75 (520,320)
Citation 14

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Misallocation, financial market frictions, borrowing costs, firm-level evidence, total factor productivity, financial distortions, firms-specific borrowing costs

23.

Investment During the Korean Financial Crisis: A Structural Econometric Analysis

NBER Working Paper No. w13315
Number of pages: 54 Posted: 24 Aug 2007 Last Revised: 20 Nov 2022
Simon Gilchrist and Jae Sim
National Bureau of Economic Research (NBER) and Board of Governors of the Federal Reserve System
Downloads 54 (615,057)

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24.

Expectations, Asset Prices, and Monetary Policy: The Role of Learning

NBER Working Paper No. w12442
Number of pages: 74 Posted: 24 Aug 2006 Last Revised: 01 Jan 2023
Simon Gilchrist and Masashi Saito
National Bureau of Economic Research (NBER) and Bank of Japan - Institute for Monetary and Economic Studies
Downloads 48 (647,746)
Citation 8

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25.

Misallocation and Financial Frictions: Some Direct Evidence from the Dispersion in Borrowing Costs

NBER Working Paper No. w18550
Number of pages: 30 Posted: 20 Nov 2012 Last Revised: 10 Mar 2023
Simon Gilchrist, Jae Sim and Egon Zakrajsek
National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
Downloads 27 (790,375)
Citation 1

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26.

Recession Risk and the Excess Bond Premium

FEDS Notes No. 2016-04-08
Posted: 17 Mar 2016
Giovanni Favara, Simon Gilchrist, Kurt F. Lewis and Egon Zakrajsek
Board of Governors of the Federal Reserve System, National Bureau of Economic Research (NBER), Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)

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27.

Credit Risk and the Macroeconomy: Evidence from an Estimated DSGE Model

Posted: 21 Jun 2012
Simon Gilchrist, Alberto Ortiz and Egon Zakrajsek
National Bureau of Economic Research (NBER), Oberlin College and Bank for International Settlements (BIS)

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Credit spreads, financial accelerator, DSGE models, Bayesian estimation