Kevin J. Lansing

Federal Reserve Banks - Federal Reserve Bank of San Francisco

101 Market Street

PO Box 7702

San Francisco, CA 94105

United States

  • Federal Reserve Banks - Federal Reserve Bank of San Francisco

    • Email
    • Tel: 415-974-2393
    • Fax: 415-977-4031
SCHOLARLY PAPERS

33

DOWNLOADS
Rank 17,141

SSRN RANKINGS

Top 17,141

in Total Papers Downloads

5,954

TOTAL CITATIONS
Rank 7,738

SSRN RANKINGS

Top 7,738

in Total Papers Citations

207

Scholarly Papers (33)

Actions:
Email selected abstracts
1.

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 European Central Bank (ECB) - Directorate General Research
Downloads 768 (67,359)
Citation 42

Abstract:

Loading...

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

2.

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 617 (89,218)
Citation 1

Abstract:

Loading...

3.

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 614 (89,813)
Citation 14

Abstract:

Loading...

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

4.

Optimal Fiscal Policy, Public Capital and the Productivity Slowdown

Downloads 468 (125,515)
Citation 1

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 468 (124,037)
Citation 1

Abstract:

Loading...

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

Abstract:

Loading...

5.

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 394 (153,545)
Citation 5

Abstract:

Loading...

monetary policy, inflation targeting, discretion, Taylor rule

6.

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 392 (154,384)
Citation 4

Abstract:

Loading...

Tax Reform, Public Expenditures, Human Capital, Growth

7.

Top Incomes, Rising Inequality, and Welfare

Downloads 307 (201,488)
Citation 8

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 112 (500,451)
Citation 6

Abstract:

Loading...

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

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 98 (551,861)

Abstract:

Loading...

income inequality, skill-biased technological change, capital-skill complementarity, redistribution, 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 51 (790,290)
Citation 1

Abstract:

Loading...

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 46 (826,978)
Citation 1

Abstract:

Loading...

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

8.

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 267 (232,754)
Citation 1

Abstract:

Loading...

9.

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 232 (267,635)
Citation 8

Abstract:

Loading...

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 191 (321,107)
Citation 8

Abstract:

Loading...

11.

House Prices, Expectations, and Time-Varying Fundamentals

Downloads 168 (359,986)
Citation 18

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 88 (591,925)

Abstract:

Loading...

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 80 (627,475)
Citation 18

Abstract:

Loading...

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

12.

Asset Pricing with Concentrated Ownership of Capital and Distribution Shocks

Downloads 148 (400,563)
Citation 7

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 87 (596,139)

Abstract:

Loading...

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 61 (725,986)
Citation 7

Abstract:

Loading...

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

13.

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 148 (400,563)
Citation 3

Abstract:

Loading...

Asset Pricing, Rational Bubbles, Excess Volatility, Learning

14.

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 144 (409,432)
Citation 10

Abstract:

Loading...

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

15.

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 144 (409,432)
Citation 4

Abstract:

Loading...

Endogenous Growth, Business Cycles, Excess Volatility, Speculative Bubbles

16.

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

Downloads 141 (416,294)
Citation 8

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 141 (417,057)
Citation 8

Abstract:

Loading...

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:

Loading...

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

17.

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 138 (423,406)
Citation 19

Abstract:

Loading...

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

18.

Fiscal Policy, Increasing Returns, and Endogenous Fluctuations

Downloads 133 (435,930)
Citation 2

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 133 (437,206)
Citation 2

Abstract:

Loading...

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

Fiscal Policy, Increasing Returns, and Endogenous Fluctuations

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

Abstract:

Loading...

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

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 112
Citation 4

Abstract:

Loading...

20.

Lock-In of Extrapolative Expectations in an Asset Pricing Model

Downloads 104 (524,709)
Citation 8

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 104 (529,020)
Citation 8

Abstract:

Loading...

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:

Loading...

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 82 (610,047)
Citation 2

Abstract:

Loading...

22.

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 77 (631,944)
Citation 19

Abstract:

Loading...

Monetary policy, credit, long-term debt.

23.

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 69 (669,697)

Abstract:

Loading...

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

24.

Replicating Business Cycles and Asset Returns with Sentiment and Low Risk Aversion

Downloads 45 (814,412)

Replicating Business Cycles and Asset Returns with Sentiment and Low Risk Aversion

Number of pages: 49 Posted: 01 Aug 2023
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 45 (834,617)

Abstract:

Loading...

Business cycle accounting, Sentiment, Animal spirits, Risk aversion, Equity risk premium, Bond term premium

Replicating Business Cycles and Asset Returns with Sentiment and Low Risk Aversion

Journal of Economic Dynamics and Control, volume 167, 2024 [10.1016/j.jedc.2024.104921]
Posted: 20 Sep 2024
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

Loading...

Business cycle accounting, Sentiment, Animal spirits, Risk aversion, Equity risk premium, Bond term premium.

25.

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 30 (941,027)
Citation 5

Abstract:

Loading...

26.

Anchored Inflation Expectations and the Slope of the Phillips Curve

Number of pages: 59 Posted: 10 Jun 2024
Peter Lihn Jorgensen and Kevin J. Lansing
Copenhagen Business School and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 21 (1,036,721)
Citation 6

Abstract:

Loading...

inflation expectations, Phillips curve, Inflation puzzles, Imperfect information.

27.

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:

Loading...

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

28.

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:

Loading...

29.

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:

Loading...

Tax Reform, Public Expenditures, Human Capital, Growth

30.

Forward-Looking Behavior and Optimal Discretionary Monetary Policy

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:

Loading...

Optimal Monetary Policy, Inflation Targeting, Discretion, Taylor Rule

31.

Indeterminacy and Stabilization Policy

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:

Loading...

32.

Optimal Fiscal Policy in a Business Cycle Model with Public Capital

Posted: 21 Jul 1998
Kevin J. Lansing
Federal Reserve Banks - Federal Reserve Bank of San Francisco

Abstract:

Loading...

33.

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:

Loading...