Kevin J. Lansing

Federal Reserve Banks - Federal Reserve Bank of San Francisco

101 Market Street

PO Box 7702

San Francisco, CA 94105

United States

SCHOLARLY PAPERS

32

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4,508

SSRN CITATIONS
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Top 7,063

in Total Papers Citations

47

CROSSREF CITATIONS

94

Scholarly Papers (32)

1.

Growth Effects of a Flat Tax

Number of pages: 35 Posted: 10 Oct 2000
Kevin J. Lansing and Steven P. Cassou
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Kansas State University - Department of Economics
Downloads 568 (47,620)

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2.

Housing Bubbles and Expected Returns to Homeownership: Lessons and Policy Implications

Forthcoming in Property Prices and Real Estate Financing in a Turbulent World, M. Balling and J. Berg, (eds.)
Number of pages: 22 Posted: 01 Feb 2013 Last Revised: 07 Jul 2016
Marius Jurgilas and Kevin J. Lansing
Norges Bank and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 461 (61,968)
Citation 12

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House Prices, Speculative Bubbles, Credit Growth, Expected Returns, Risk Premiums, Monetary Policy, Financial Stability

3.

House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy

Forthcoming, International Journal of Central Banking, Norges Bank Working Paper 2012|08
Number of pages: 52 Posted: 02 May 2013 Last Revised: 07 Jul 2016
Paolo Gelain, Kevin J. Lansing and Caterina Mendicino
Norges Bank, Federal Reserve Banks - Federal Reserve Bank of San Francisco and Bank of Portugal
Downloads 435 (66,441)
Citation 17

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Asset pricing, Excess volatility, Credit booms, Housing bubbles, Monetary policy, Macroprudential policy

Optimal Fiscal Policy, Public Capital and the Productivity Slowdown

Number of pages: 33 Posted: 28 Oct 1996
Kevin J. Lansing and Steven P. Cassou
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Kansas State University - Department of Economics
Downloads 431 (66,519)

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Optimal Fiscal Policy, Public Capital, and the Productivity Slowdown

Journal of Economic Dynamics and Control, Vol. 22, No. 6, June 1998
Posted: 21 Jul 1998
Steven P. Cassou and Kevin J. Lansing
Kansas State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco

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5.

Tax Reform and Public-Sector Expenditures

FRB of San Francisco, Working Paper No. 98-09
Number of pages: 44 Posted: 23 Jun 2002
Steven P. Cassou and Kevin J. Lansing
Kansas State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 364 (82,003)
Citation 2

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Tax Reform, Public Expenditures, Human Capital, Growth

6.

Forward-Looking Behavior and the Optimality of the Taylor Rule

FRB of San Francisco Working Paper No. 2001-03
Number of pages: 38 Posted: 13 Mar 2001
Kevin J. Lansing and Bharat Trehan
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Federal Reserve Bank of San Francisco
Downloads 335 (90,165)
Citation 4

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monetary policy, inflation targeting, discretion, Taylor rule

7.

Fiscal Policy and Productivity Growth in the OECD

Number of pages: 13 Posted: 11 Mar 1999
Steven P. Cassou and Kevin J. Lansing
Kansas State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 235 (131,366)

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8.

Optimal Redistributive Capital Taxation in a Neoclassical Growth Model

Number of pages: 34 Posted: 28 Jan 1999
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 190 (160,747)
Citation 2

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9.
Downloads 165 (182,105)
Citation 3

Top Incomes, Rising Inequality, and Welfare

CESifo Working Paper Series No. 3984
Number of pages: 51 Posted: 07 Nov 2012
Kevin J. Lansing and Agnieszka Markiewicz
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Erasmus University Rotterdam (EUR)
Downloads 70 (336,315)

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income inequality, skill-biased technological change, capital-skill complementarity, redistribution, welfare

Top Incomes, Rising Inequality, and Welfare

CESifo Working Paper Series No. 5517
Number of pages: 40 Posted: 19 Oct 2015
Kevin J. Lansing and Agnieszka Markiewicz
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Erasmus University Rotterdam (EUR)
Downloads 48 (406,094)
Citation 1

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top incomes, inequality, distribution shocks, redistributive transfer payments, welfare

Top Incomes, Rising Inequality, and Welfare

Forthcoming in Economic Journal, Tinbergen Institute Discussion Paper 12-114/IV
Number of pages: 49 Posted: 30 Oct 2012 Last Revised: 07 Jul 2016
Kevin J. Lansing and Agnieszka Markiewicz
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Erasmus University Rotterdam (EUR)
Downloads 24 (519,535)
Citation 1

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Top Incomes, Inequality, Distribution shocks, Redistributive Transfer Payments, Welfare

Top Incomes, Rising Inequality, and Welfare

Forthcoming in Economic Journal, Norges Bank Working Paper 2012/10
Number of pages: 49 Posted: 07 May 2013 Last Revised: 07 Jul 2016
Kevin J. Lansing and Agnieszka Markiewicz
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Erasmus University Rotterdam (EUR)
Downloads 23 (525,760)
Citation 1

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Top Incomes, Inequality, Distribution shocks, Redistributive Transfer Payments, Welfare

Top Incomes, Rising Inequality and Welfare

The Economic Journal, Vol. 128, Issue 608, pp. 262-297, 2018
Number of pages: 36 Posted: 08 Feb 2018
Kevin J. Lansing and Agnieszka Markiewicz
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Erasmus University Rotterdam (EUR)
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10.

Learning About a Shift in Trend Output: Implications for Monetary Policy and Inflation

Number of pages: 46 Posted: 16 Aug 2000
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 156 (190,962)
Citation 5

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11.
Downloads 121 (233,829)
Citation 17

Rational and Near-Rational Bubbles Without Drift

FRB of San Francisco Working Paper No. 2007-10
Number of pages: 34 Posted: 18 Mar 2007
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 119 (237,796)
Citation 2

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Asset Pricing, Rational Bubbles, Excess Volatility, Learning

Rational and Near-Rational Bubbles Without Drift

The Economic Journal, Vol. 120, Issue 549, pp. 1149-1174, December 2010
Number of pages: 26 Posted: 17 Nov 2010
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 2 (676,363)
Citation 1
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12.

Real-Time Estimation of Trend Output and the Illusion of Interest Rate Smoothing

Number of pages: 32 Posted: 05 Feb 2002
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 113 (245,777)
Citation 17

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Monetary Policy, Interest-Rate Smoothing, Policy Inertia, Federal Reserve, Taylor Rule

Fiscal Policy, Increasing Returns, and Endogenous Fluctuations

Number of pages: 31 Posted: 15 Jul 1999
Kevin J. Lansing and Jang-Ting Guo
Federal Reserve Banks - Federal Reserve Bank of San Francisco and University of California, Riverside (UCR) - Department of Economics
Downloads 107 (256,841)
Citation 1

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Fiscal Policy, Business Cycles, Sunspots, Nonlinear Dynamics, Chaos.

Fiscal Policy, Increasing Returns, and Endogenous Fluctuations

Macroeconomic Dynamics
Posted: 15 Jan 2002
Jang-Ting Guo and Kevin J. Lansing
University of California, Riverside (UCR) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco

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Fiscal Policy, Business Cycles, Sunspots, Nonlinear Dynamics, Chaos

14.

Speculative Growth and Overreaction to Technology Shocks

Number of pages: 39 Posted: 22 Aug 2008
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 105 (258,826)

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Endogenous Growth, Business Cycles, Excess Volatility, Speculative Bubbles

Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve

Number of pages: 36 Posted: 04 May 2006
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 105 (260,342)
Citation 7

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Inflation Expectations, Phillips Curve, Time-Varying Persistence and Volatility

Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve

Review of Economic Dynamics, Vol. 12, No. 2, 2009
Posted: 20 May 2009
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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Inflation expectations, Phillips curve, Time-varying persistence and volatility

House Prices, Expectations, and Time-Varying Fundamentals

Forthcoming in Journal of Empirical Finance, Federal Reserve Bank of San Francisco Working Paper Series, Working Paper 2013-03
Number of pages: 39 Posted: 16 Mar 2013 Last Revised: 07 Jul 2016
Paolo Gelain and Kevin J. Lansing
Norges Bank and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 63 (356,068)
Citation 5

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asset pricing, excess volatility, housing bubbles, predictability, time-varying risk premiums, expected returns

House Prices, Expectations, and Time-Varying Fundamentals

Forthcoming in Journal of Empirical Finance
Number of pages: 39 Posted: 23 May 2013 Last Revised: 18 Jul 2016
Paolo Gelain and Kevin J. Lansing
Norges Bank and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 41 (433,348)
Citation 8

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Asset pricing, Excess volatility, Housing bubbles, Predictability, Time-varying risk premiums, Expected returns

17.

Explaining the Boom-Bust Cycle in the U.S. Housing Market: A Reverse-Engineering Approach

Norges Bank Working Paper 11 | 2014
Number of pages: 37 Posted: 17 Jul 2015 Last Revised: 10 Feb 2018
Paolo Gelain, Kevin J. Lansing and Gisle James James Natvik
Norges Bank, Federal Reserve Banks - Federal Reserve Bank of San Francisco and BI Norwegian Business School - Department of Economics
Downloads 100 (267,590)
Citation 3

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Housing bubbles, Mortgage debt, Borrowing constraints, Lending standards, Macroprudential policy

Asset Pricing with Concentrated Ownership of Capital and Distribution Shocks

FRB of San Francisco Working Paper No. 2011-07
Number of pages: 45 Posted: 05 Apr 2011 Last Revised: 07 Jul 2016
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 61 (362,095)

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Asset Pricing, Equity Premium, Term Premium, Distribution Shocks, Income Inequality

Asset Pricing with Concentrated Ownership of Capital and Distribution Shocks

Norges Bank Working Paper 18
Number of pages: 45 Posted: 22 Apr 2013 Last Revised: 07 Jul 2016
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 32 (474,086)
Citation 3

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Asset Pricing, Equity Premium, Term Premium, Distribution Shocks, Income Inequality

19.

Optimal Tax Reform and Public-Sector Investment in Human Capital

Number of pages: 45 Posted: 12 Jan 1999
Kevin J. Lansing and Steven P. Cassou
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Kansas State University - Department of Economics
Downloads 84
Citation 2

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Lock-In of Extrapolative Expectations in an Asset Pricing Model

Number of pages: 44 Posted: 01 Aug 2004
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 82 (306,342)
Citation 8

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Asset pricing, distorted beliefs, expectations, bubbles, excess volatility

Lock-In of Extrapolative Expectations in an Asset Pricing Model

Macroeconomic Dynamics, Vol. 10, pp. 317-348, June 2006
Posted: 08 Aug 2006
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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Asset Pricing, Distorted Beliefs, Expectations, Bubbles, Excess Volatility

21.

Expectations, Credibility, and Disinflation in a Small Macroeconomic Model

FRB Cleveland Working Paper #9713
Number of pages: 45 Posted: 03 Mar 1998
Chan G. Huh and Kevin J. Lansing
affiliation not provided to SSRN and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 66 (343,008)

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22.

Capital-Labor Substitution and Equilibrium Indeterminacy

Number of pages: 15 Posted: 22 Aug 2008
Jang-Ting Guo and Kevin J. Lansing
University of California, Riverside (UCR) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 41 (424,455)

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Capital-Labor Substitution, Equilibrium Indeterminacy, Capital Utilization, Real Business Cycles, Sunspots

23.

Leaning Against the Credit Cycle

Norges Bank Working Paper 4 | 2015
Number of pages: 36 Posted: 04 May 2015
Paolo Gelain, Kevin J. Lansing and Gisle James James Natvik
Norges Bank, Federal Reserve Banks - Federal Reserve Bank of San Francisco and BI Norwegian Business School - Department of Economics
Downloads 35 (453,500)
Citation 7

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Monetary policy, credit, long-term debt.

24.

Welfare, Stabilization, or Growth: A Comparison of Different Fiscal Objectives

FRB of Cleveland Working Paper No. 9614
Number of pages: 26 Posted: 17 Jan 2015
Steven P. Cassou and Kevin J. Lansing
Kansas State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 12 (575,218)
Citation 4

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25.

Speculative Growth, Overreaction, and the Welfare Cost of Technology-Driven Bubbles

Journal of Economic Behavior and Organization, 2012, Vol. 83(3), pp. 461-483
Posted: 01 Feb 2013
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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Excess Volatility, Asset Pricing, Speculative Bubbles, Endogenous Growth, Business Cycles

26.

Fiscal Policy, Increasing Returns and Endogenous Fluctuations

Posted: 19 Dec 2007
Jang-Ting Guo and Kevin J. Lansing
University of California, Riverside (UCR) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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27.

Tax Reform with Useful Public Expenditures

Journal of Public Economic Theory, Vol. 8, No. 4, October 2006
Posted: 04 Oct 2006
Steven P. Cassou and Kevin J. Lansing
Kansas State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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Tax Reform, Public Expenditures, Human Capital, Growth

28.

Growth Effects of Shifting from a Graduated-Rate Tax System to a Flat Tax

Economic Inquiry, Forthcoming
Posted: 02 Sep 2003
Kevin J. Lansing and Steven P. Cassou
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Kansas State University - Department of Economics

Abstract:

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Flat Tax, Progressive Tax, Graduated Rates, Endogenous Growth, Human Capital

29.

Forward-Looking Behavior and Optimal Discretionary Monetary Policy

Economics Letters, Forthcoming
Posted: 07 Aug 2003
Kevin J. Lansing and Bharat Trehan
Federal Reserve Banks - Federal Reserve Bank of San Francisco and Federal Reserve Bank of San Francisco

Abstract:

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Optimal Monetary Policy, Inflation Targeting, Discretion, Taylor Rule

30.

Indeterminacy and Stabilization Policy

Journal of Economic Theory
Posted: 08 Oct 1998
Jang-Ting Guo and Kevin J. Lansing
University of California, Riverside (UCR) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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31.

Optimal Fiscal Policy in a Business Cycle Model with Public Capital

Canadian Journal of Economics, Vol. 31, No. 2, May 1998
Posted: 21 Jul 1998
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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32.

Welfare, Stabilization, or Growth: A Comparison of Fiscal Policy Objectives

Business Cycles and Macroeconomic Stability: Should We Rebuild Built-In Stabilizers?
Posted: 12 Jan 1998
Steven P. Cassou and Kevin J. Lansing
Kansas State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

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