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

40

DOWNLOADS
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Top 30,527

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2,031

SSRN CITATIONS
Rank 2,709

SSRN RANKINGS

Top 2,709

in Total Papers Citations

185

CROSSREF CITATIONS

314

Scholarly Papers (40)

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 Wisconsin - Madison - Department of Economics, University of California, San Diego (UCSD) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 468 (77,453)

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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 339 (112,334)
Citation 22

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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

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 159 (233,493)
Citation 1

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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 31 (584,930)
Citation 1

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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
Board of Governors of the Federal Reserve System, University of California, Los Angeles (UCLA) - Department of Economics and Arizona State University (ASU) - Economics Department
Downloads 105 (320,824)

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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: 10 Jun 2021
Lee E. Ohanian, Andrea Raffo and Richard Rogerson
University of California, Los Angeles (UCLA) - Department of Economics, Board of Governors of the Federal Reserve System and Arizona State University (ASU) - Economics Department
Downloads 37 (550,308)
Citation 8

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5.

What - or Who - Started the Great Depression?

NBER Working Paper No. w15258
Number of pages: 62 Posted: 31 Aug 2009 Last Revised: 11 Sep 2021
Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 68 (413,753)
Citation 7

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6.

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 66 (420,397)
Citation 1

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Productivity growth, Europe's economic performance, economic policy

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 34 (567,240)

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Can&Apos;T Pay or Won&Apos;T Pay? Unemployment, Negative Equity, and Strategic Default

NBER Working Paper No. w21630
Number of pages: 74 Posted: 12 Oct 2015 Last Revised: 07 Feb 2021
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 29 (597,619)
Citation 24

Abstract:

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8.

Latin America in the Rearview Mirror

NBER Working Paper No. w11008
Number of pages: 61 Posted: 28 Dec 2004 Last Revised: 01 Aug 2021
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 62 (433,966)
Citation 3

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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 2021
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 57 (458,869)

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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

Abstract:

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Great Depression, Deflation, Productivity Shocks, Monetary Shocks

10.

Neoclassical Models in Macroeconomics

NBER Working Paper No. w22122
Number of pages: 97 Posted: 28 Mar 2016 Last Revised: 13 Jun 2021
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 50 (479,153)
Citation 1

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11.

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 Last Revised: 04 Jul 2021
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 46 (496,047)
Citation 15

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12.

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: 08 Oct 2021
Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 44 (505,004)
Citation 1

Abstract:

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13.

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 43 (509,467)

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

14.

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 Last Revised: 12 Jun 2021
Matthew N. Luzzetti and Lee E. Ohanian
University of California, Los Angeles (UCLA) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 40 (523,497)

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15.

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 40 (523,497)
Citation 1

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16.

The International Consequences of Bretton Woods Capital Controls and the Value of Geopolitical Stability

Number of pages: 33 Posted: 02 Nov 2020
University of California, Los Angeles (UCLA) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis, Princeton University and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 35 (548,591)

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Bretton Woods, International Payments, Capital Flows

17.

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 Last Revised: 15 Aug 2021
Simeon Alder, David Lagakos and Lee E. Ohanian
University of Wisconsin - Madison - Department of Economics, University of California, San Diego (UCSD) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 32 (564,783)
Citation 4

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18.

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: 07 May 2021
Alan C. Stockman and Lee E. Ohanian
University of Rochester - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 30 (576,073)

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19.

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 Last Revised: 08 Aug 2021
Lee E. Ohanian and Andrea Raffo
University of California, Los Angeles (UCLA) - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 28 (588,152)
Citation 13

Abstract:

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20.

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 25 (607,343)
Citation 1

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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 2021
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 22 (647,705)
Citation 1

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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 (829,326)
Citation 3
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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

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
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 11 (736,866)

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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: 31 May 2021
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 10 (745,372)
Citation 9

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23.

Labor Market Dysfunction During the Great Recession

NBER Working Paper No. w17313
Number of pages: 44 Posted: 29 Aug 2011 Last Revised: 23 Oct 2021
Kyle Herkenhoff and Lee E. Ohanian
University of Minnesota - Minneapolis and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 21 (634,945)
Citation 1

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24.

Common-Sense Policy Reforms for California Housing

Cato Institute, Policy Analysis No. 920
Number of pages: 16 Posted: 20 Sep 2021
Lee E. Ohanian and Cato Institute
University of California, Los Angeles (UCLA) - Department of Economics and Cato Institute
Downloads 18 (656,352)

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Housing, California, Policy Reform, Urban Growth, Housing Affordability, Zoning, Taxing, Environmental Policy

25.

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 18 (656,352)
Citation 2

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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

26.

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 Last Revised: 07 Jun 2021
Harold L. Cole and Lee E. Ohanian
University of Pennsylvania - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 17 (663,506)
Citation 1

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27.

The Direction of Capital Flows

Number of pages: 2 Posted: 02 Nov 2016 Last Revised: 29 Apr 2020
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 12 (701,613)

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28.

Bretton Woods and the Reconstruction of Europe

Number of pages: 56 Posted: 27 Nov 2019
University of California, Los Angeles (UCLA) - Department of Economics, University of California, Los Angeles (UCLA), Federal Reserve Banks - Federal Reserve Bank of St. Louis and Federal Reserve Banks - Federal Reserve Bank of Minneapolis
Downloads 9 (725,212)

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Bretton Woods, International Payments, Capital Flows

29.

Revisiting Capital-Skill Complementarity, Inequality, and Labor Share

International Finance Discussion Paper No. 1319
Number of pages: 43 Posted: 14 Jun 2021
Lee E. Ohanian, Musa Orak and Shihan Shen
University of California, Los Angeles (UCLA) - Department of Economics, Board of Governors of the Federal Reserve System and University of California, Los Angeles (UCLA)
Downloads 8 (733,160)

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30.

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 8 (733,160)
Citation 6

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31.

Revisiting Capital-Skill Complementarity, Inequality, and Labor Share

NBER Working Paper No. w28747
Number of pages: 45 Posted: 03 May 2021 Last Revised: 20 Jul 2021
Lee E. Ohanian, Musa Orak and Shihan Shen
University of California, Los Angeles (UCLA) - Department of Economics, Board of Governors of the Federal Reserve System and University of California, Los Angeles (UCLA)
Downloads 5 (756,652)
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32.

Dynamic General Equilibrium Modeling of Long and Short-Run Historical Events

NBER Working Paper No. w28090
Number of pages: 39 Posted: 16 Nov 2020 Last Revised: 07 Oct 2021
Gary D. Hansen, Lee E. Ohanian and Fatih Ozturk
University of California, Los Angeles (UCLA) - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and affiliation not provided to SSRN
Downloads 2 (781,504)
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33.

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 (792,913)
Citation 2
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34.

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

Posted: 19 Aug 2008
Lutz Kilian and Lee E. Ohanian
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of California, Los Angeles (UCLA) - Department of Economics

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Unit Roots, Trend-Breaks, Transitory Shocks

35.

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

36.

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

37.

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

Abstract:

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38.

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

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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39.

The Defining Moment: A Review Essay

Posted: 22 Dec 1998
Lee E. Ohanian
University of California, Los Angeles (UCLA) - Department of Economics

Abstract:

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40.

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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