Lee E. Ohanian

University of California, Los Angeles (UCLA) - Department of Economics

Box 951477

8283 Bunch Hall

Los Angeles, CA 90095-1477

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

34

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Scholarly Papers (34)

1.

The Decline of the U.S. Rust Belt: A Macroeconomic Analysis

FRB Atlanta CQER Working Paper No. 14-5
Number of pages: 41 Posted: 04 Apr 2015
Simeon Alder, David Lagakos and Lee E. Ohanian
University of Notre Dame - Department of Economics, University of California, San Diego (UCSD) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 380 (75,757)

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Rust Belt, competition, productivity, unionization, monopoly

2.

Unemployment, Negative Equity, and Strategic Default

Number of pages: 50 Posted: 13 Jul 2013
Federal Reserve Bank of Atlanta, University of Minnesota - Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Boston - Research Department
Downloads 283 (105,394)

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unemployment, employment, job loss, assets, mortgage, modifications, default, strategic, strategic default, negative equity, trigger, single trigger, double trigger, liquidity constraint, mortgage default, delinquency, PSID, mortgage distress, financial liquidity, negative equity and unemployment

Dynamic Equilibrium Economies: A Framework for Comparing Models and Data

FEDS PAPER NUMBER: (97-23)
Number of pages: 32 Posted: 28 Jul 1997
Jeremy Berkowitz, Francis X. Diebold and Lee E. Ohanian
University of Houston - Department of Finance, University of Pennsylvania - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 155 (187,087)

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Dynamic Equilibrium Economies: A Framework for Comparing Models and Data

NBER Working Paper No. t0174
Number of pages: 40 Posted: 14 Jul 2000 Last Revised: 25 Jun 2010
Francis X. Diebold, Lee E. Ohanian and Jeremy Berkowitz
University of Pennsylvania - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and University of Houston - Department of Finance
Downloads 23 (510,468)

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Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004

FRB of Kansas City Working Paper No. 06-16
Number of pages: 63 Posted: 28 Dec 2006
Andrea Raffo, Lee E. Ohanian and Richard Rogerson
Federal Reserve Bank of Kansas City, University of California, Los Angeles (UCLA) - Department of Economics and Arizona State University (ASU) - Economics Department
Downloads 101 (260,453)

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Labor supply, wedges, taxes

Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004

NBER Working Paper No. w12786
Number of pages: 66 Posted: 23 Dec 2006 Last Revised: 22 May 2007
Lee E. Ohanian, Andrea Raffo and Richard Rogerson
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Bank of Kansas City and Arizona State University (ASU) - Economics Department
Downloads 34 (451,240)

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5.

Latin America in the Rearview Mirror

NBER Working Paper No. w11008
Number of pages: 61 Posted: 28 Dec 2004 Last Revised: 01 Aug 2010
University of Pennsylvania - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics, Universidad de los Andes, Colombia - Department of Economics and Federal Reserve Bank of Minneapolis
Downloads 57 (359,161)

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6.

What - or Who - Started the Great Depression?

NBER Working Paper No. w15258
Number of pages: 62 Posted: 31 Aug 2009 Last Revised: 11 Sep 2010
Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 52 (374,731)

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Deflation and the International Great Depression: A Productivity Puzzle

NBER Working Paper No. w11237
Number of pages: 58 Posted: 11 May 2005 Last Revised: 16 Sep 2010
Harold L. Cole, Lee E. Ohanian and Ron Leung
University of Pennsylvania - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and Universite de Montreal
Downloads 49 (391,089)

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Deflation and the International Great Depression: A Productivity Puzzle

Posted: 24 Jul 2008
Harold L. Cole, Lee E. Ohanian and Ron Leung
University of Pennsylvania - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and Universite de Montreal

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Great Depression, Deflation, Productivity Shocks, Monetary Shocks

Can't Pay or Won't Pay?: Unemployment, Negative Equity, and Strategic Default

FRB of Boston Working Paper No. 15-13
Number of pages: 81 Posted: 25 Nov 2015
Federal Reserve Bank of Atlanta, University of Minnesota - Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Boston - Research Department
Downloads 27 (486,642)

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Can't Pay or Won't Pay? Unemployment, Negative Equity, and Strategic Default

NBER Working Paper No. w21630
Number of pages: 74 Posted: 12 Oct 2015 Last Revised: 21 Oct 2015
Federal Reserve Bank of Atlanta, University of Minnesota - Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Boston - Research Department
Downloads 19 (535,711)

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9.

The Lack of European Productivity Growth: Causes and Lessons for the U.S.

PIER Working Paper No. 18-024
Number of pages: 31 Posted: 24 Sep 2018
Jesús Fernández-Villaverde and Lee E. Ohanian
University of Pennsylvania - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 40 (416,667)

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Productivity growth, Europe's economic performance, economic policy

10.

Foreclosure Delay and U.S. Unemployment

FRB of St. Louis Working Paper No. 2012-017A
Number of pages: 52 Posted: 25 Jun 2012
Lee E. Ohanian and Kyle Herkenhoff
University of California, Los Angeles (UCLA) - Department of Economics and University of Minnesota - Minneapolis
Downloads 39 (420,450)

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Mortgage, Foreclosure, Foreclosure Delay, Default, Informal Default, Unemployment, Recovery, Consumption Smoothing

11.

Why Have Business Cycle Fluctuations Become Less Volatile?

NBER Working Paper No. w12079
Number of pages: 23 Posted: 10 May 2006 Last Revised: 05 Jul 2010
Gary D. Hansen, Andres F. Arias and Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics, Ministry of Agriculture, Colombia and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 36 (432,627)

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12.

Neoclassical Models in Macroeconomics

NBER Working Paper No. w22122
Number of pages: 97 Posted: 28 Mar 2016
Gary D. Hansen and Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 35 (436,744)

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13.

The General Theory of Employment, Interest, and Money after 75 Years: The Importance of Being in the Right Place at the Right Time

NBER Working Paper No. w16631
Number of pages: 24 Posted: 01 Jan 2011
Matthew N. Luzzetti and Lee E. Ohanian
University of California, Los Angeles (UCLA) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 33 (445,063)

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14.

Tarnishing the Golden and Empire States: Land-Use Restrictions and the U.S. Economic Slowdown

NBER Working Paper No. w23790
Number of pages: 62 Posted: 11 Sep 2017
Kyle Herkenhoff, Lee E. Ohanian and Edward C. Prescott
University of Minnesota - Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and Arizona State University (ASU) - Economics Department
Downloads 32 (449,392)
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15.

The Great Recession in the Shadow of the Great Depression: A Review Essay on “Hall of Mirrors: The Great Depression, the Great Recession and the Uses and Misuses of History”

NBER Working Paper No. w22239
Number of pages: 26 Posted: 09 May 2016 Last Revised: 21 May 2016
Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 28 (468,328)

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16.

Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles

NBER Working Paper No. w17420
Number of pages: 46 Posted: 21 Sep 2011
Lee E. Ohanian and Andrea Raffo
University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Bank of Kansas City
Downloads 24 (489,443)

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17.

Short-Run Independence of Monetary Policy Under Pegged Exchange Rates and Effects of Money on Exchange Rates and Interest Rates

NBER Working Paper No. w4517
Number of pages: 36 Posted: 18 Apr 2002 Last Revised: 21 May 2002
Alan C. Stockman and Lee E. Ohanian
University of Rochester - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 23 (494,877)

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Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence from World War Ii

NBER Working Paper No. w12130
Number of pages: 41 Posted: 18 May 2006 Last Revised: 25 Aug 2010
Ellen R. McGrattan and Lee E. Ohanian
Federal Reserve Bank of Minneapolis - Research Department and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 17 (548,520)

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Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence from World War II

International Economic Review, Vol. 51, Issue 2, pp. 509-532, May 2010
Number of pages: 24 Posted: 04 Jun 2010
Ellen R. McGrattan and Lee E. Ohanian
Federal Reserve Bank of Minneapolis - Research Department and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 1 (669,724)
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Does Neoclassical Theory Account for the Effects of Big Fiscal Shocks? Evidence from World War II

Posted: 01 Aug 2008
Ellen R. McGrattan and Lee E. Ohanian
Federal Reserve Bank of Minneapolis - Research Department and University of California, Los Angeles (UCLA) - Department of Economics

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Neoclassical Theory, Fiscal Shocks, World War II

19.

Labor Market Dysfunction During the Great Recession

NBER Working Paper No. w17313
Number of pages: 44 Posted: 29 Aug 2011 Last Revised: 01 Sep 2011
Kyle Herkenhoff and Lee E. Ohanian
University of Minnesota - Minneapolis and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 17 (529,168)

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20.

Competitive Pressure and the Decline of the Rust Belt: A Macroeconomic Analysis

NBER Working Paper No. w20538
Number of pages: 45 Posted: 06 Oct 2014
Simeon Alder, David Lagakos and Lee E. Ohanian
University of Notre Dame - Department of Economics, University of California, San Diego (UCSD) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 16 (534,800)

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21.

Short-Run Effects of Money When Some Prices are Sticky

FRB Richmond Economic Quarterly, vol. 80, no. 3, Summer 1994, pp. 1-23
Number of pages: 23 Posted: 14 Nov 2012
Lee E. Ohanian and Alan C. Stockman
University of California, Los Angeles (UCLA) - Department of Economics and University of Rochester - Department of Economics
Downloads 15 (540,648)

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Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America

FRB of Chicago Working Paper No. WP-2015-8
Number of pages: 57 Posted: 10 Dec 2015
Lee E. Ohanian and Paulina Restrepo-Echavarria
University of California, Los Angeles (UCLA) - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 8 (607,723)

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Investments, capital flows, Asia, Latin America

Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America

NBER Working Paper No. w21744
Number of pages: 51 Posted: 23 Nov 2015 Last Revised: 30 Nov 2015
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 5 (628,403)

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23.

The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression

NBER Working Paper No. w18823
Number of pages: 39 Posted: 22 Feb 2013
Harold L. Cole and Lee E. Ohanian
University of Pennsylvania - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 12 (558,328)

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24.

Labor Market Dysfunction During the Great Recession

Cato Papers on Public Policy Vol. 1, 2011
Number of pages: 59 Posted: 20 Mar 2013
Kyle Herkenhoff and Lee E. Ohanian
University of Minnesota - Minneapolis and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 11 (564,333)

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mortgage modifications, economic recovery from great recession, Home Affordable Modification Program, 2009 financial crisis, Loan Modification Program, US government policy, United States labor and unemployment, labor market

25.

The Direction of Capital Flows

Economic Synopses, Issue 22, pp. 1-2, 2016
Number of pages: 2 Posted: 02 Nov 2016 Last Revised: 03 May 2018
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 9 (576,449)

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26.

The Impact of Foreclosure Delay on U.S. Employment

NBER Working Paper No. w21532
Number of pages: 67 Posted: 08 Sep 2015 Last Revised: 09 Sep 2015
Kyle Herkenhoff and Lee E. Ohanian
University of Minnesota - Minneapolis and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 5 (601,389)

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27.

Understanding Economic Crises: The Great Depression and the 2008 Recession

Economic Record, Vol. 86, Issue s1, pp. 2-6, September 2010
Number of pages: 5 Posted: 17 Aug 2010
Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 1 (637,860)
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28.

Is There a Trend Break in U.S. GNP? A Macroeconomic Perspective

Posted: 19 Aug 2008
Lutz Kilian and Lee E. Ohanian
University of Michigan at Ann Arbor - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics

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Unit Roots, Trend-Breaks, Transitory Shocks

29.

Complex Eigenvalues and Trend-Reverting Fluctuations

Posted: 19 Aug 2008
Costas Azariadis, James Bullard and Lee E. Ohanian
Federal Reserve Banks - Federal Reserve Bank of St. Louis, Federal Reserve Banks - Federal Reserve Bank of St. Louis and University of California, Los Angeles (UCLA) - Department of Economics

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Eigenvalues, Life Cycle, Economies, Cyclical Fluctuations

30.

The Demand for Money and the Nonneutrality of Money

Posted: 19 Aug 2008
Harold L. Cole and Lee E. Ohanian
University of Pennsylvania - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics

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Velocity, Money Shocks, Liquidity, Sticky Prices

31.

Back to the Future with Keynes

Federal Reserve Bank of Minneapolis Quarterly Review, Forthcoming
Posted: 28 Jun 2008
Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics

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32.

New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis

Journal of Political Economy, Vol. 112, pp. 779-816, August 2004
Posted: 08 Jul 2004
Harold L. Cole and Lee E. Ohanian
University of Pennsylvania - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics

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33.

The Defining Moment: A Review Essay

Journal of Political Economy Vol. 107, No. 1, February 1999
Posted: 22 Dec 1998
Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics

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34.

Post-War British Economic Growth and the Legacy of Keynes

Simon School of Business Working Paper MP 95-04
Posted: 13 Jun 1998
Thomas F. Cooley and Lee E. Ohanian
New York University - Leonard N. Stern School of Business and University of California, Los Angeles (UCLA) - Department of Economics

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