John H. Cochrane

Hoover Institution

Senior Fellow

Stanford, CA 94305-6010

United States

http://www.johnhcochrane.com/

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Hoover Institution

SCHOLARLY PAPERS

70

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Top 1,571

in Total Papers Downloads

36,146

TOTAL CITATIONS
Rank 136

SSRN RANKINGS

Top 136

in Total Papers Citations

1,928

Scholarly Papers (70)

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1.

New Facts in Finance

Downloads 6,181 ( 2,584)
Citation 22

New Facts in Finance

CRSP Working Paper No. 490
Number of pages: 24 Posted: 19 Jul 2000
John H. Cochrane
Hoover Institution
Downloads 3,023 (8,410)
Citation 20

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New Facts in Finance

CRSP Working Paper No. 490
Number of pages: 45 Posted: 15 Dec 1999
John H. Cochrane
Hoover Institution
Downloads 3,001 (8,504)
Citation 2

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New Facts in Finance

NBER Working Paper No. w7169
Number of pages: 44 Posted: 05 May 2000 Last Revised: 05 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 157 (376,123)

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2.

The Risk and Return of Venture Capital

Downloads 4,261 ( 4,911)
Citation 144

The Risk and Return of Venture Capital

Number of pages: 41 Posted: 03 Apr 2001
John H. Cochrane
Hoover Institution
Downloads 3,791 (5,820)
Citation 144

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Venture capital, selection bias, risk and return

The Risk and Return of Venture Capital

NBER Working Paper No. w8066
Number of pages: 41 Posted: 05 Jan 2001 Last Revised: 16 Jan 2022
John H. Cochrane
Hoover Institution
Downloads 470 (121,953)

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The Risk and Return of Venture Capital

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 09 Nov 2009
John H. Cochrane
Hoover Institution

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Experimental/primary research, NASDAQ stock exchange, VentureOne dataset, Investment performance, Investment criteria, Venture capital, Initial public offerings (IPO), Return on investment, Stocks, Rates of return

3.

Decomposing the Yield Curve

AFA 2010 Atlanta Meetings Paper
Number of pages: 54 Posted: 26 Jan 2009 Last Revised: 19 Mar 2009
John H. Cochrane and Monika Piazzesi
Hoover Institution and Stanford University
Downloads 3,571 (6,561)
Citation 474

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affine model, term structure

4.

Reforming Money Market Funds

Tuck School of Business Working Paper No. 2011-86, Rock Center for Corporate Governance at Stanford University Working Paper No. 109, Columbia Business School Research Paper No. 12-13
Number of pages: 10 Posted: 19 Jan 2011 Last Revised: 20 Feb 2012
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin, Jeremy C. Stein and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia University - Columbia Business School, Finance, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS), Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
Downloads 1,998 (16,509)
Citation 4

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5.

Portfolio Advice for a Multifactor World

Downloads 1,504 (25,667)
Citation 19

Portfolio Advice for a Multifactor World

CRSP Working Paper No. 491
Number of pages: 21 Posted: 19 Jul 2000
John H. Cochrane
Hoover Institution
Downloads 1,062 (41,978)
Citation 14

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Portfolio Advice for a Multifactor World

CRSP Working Paper No. 491
Number of pages: 39 Posted: 11 Aug 1999
John H. Cochrane
Hoover Institution
Downloads 310 (195,372)
Citation 5

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Portfolio Advice for a Multifactor World

NBER Working Paper No. w7170
Number of pages: 40 Posted: 06 May 2000 Last Revised: 06 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 132 (433,810)

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6.

By Force of Habit: A Consumption-Based Explanation of Plantation of Aggregate Stock Market Behavior

Center for Research in Security Prices (CRSP) Working Paper No. 412
Number of pages: 67 Posted: 26 Jun 1997
John Y. Campbell and John H. Cochrane
Harvard University - Department of Economics and Hoover Institution
Downloads 1,229 (34,524)
Citation 3

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7.

Discount Rates

NBER Working Paper No. w16972
Number of pages: 65 Posted: 25 Apr 2011 Last Revised: 18 May 2023
John H. Cochrane
Hoover Institution
Downloads 1,088 (41,211)
Citation 37

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8.

Macro-Finance

Downloads 965 (48,812)
Citation 81

Macro-Finance

Number of pages: 73 Posted: 30 Jul 2016
John H. Cochrane
Hoover Institution
Downloads 848 (57,377)
Citation 5

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macro-finance, habits, risk aversion, volatility, expected returns, return predictability

Macro-Finance

NBER Working Paper No. w22485
Number of pages: 74 Posted: 08 Aug 2016 Last Revised: 10 Jun 2023
John H. Cochrane
Hoover Institution
Downloads 117 (476,951)
Citation 76

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9.

Aligning Incentives at Systemically Important Financial Institutions

Columbia Business School Research Paper No. 13-18, Fisher College of Business Working Paper
Number of pages: 7 Posted: 28 Mar 2013
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia University - Columbia Business School, Finance, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS) and Ohio State University (OSU) - Department of Finance
Downloads 845 (58,551)
Citation 1

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Bonus, compensation, contingent convertible bonds, capital, regulation, financial crisis

10.

Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic

Downloads 803 (62,795)
Citation 36

Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic

Chicago Booth Research Paper No. 10-28, CRSP Working Paper Forthcoming
Number of pages: 43 Posted: 02 Jun 2010 Last Revised: 06 Sep 2012
John H. Cochrane
Hoover Institution
Downloads 705 (73,289)
Citation 21

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Fiscal theory of the price level, Financial crisis, Monetary Policy, Inflation

Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic

NBER Working Paper No. w16087
Number of pages: 43 Posted: 21 Jun 2010 Last Revised: 17 Jun 2023
John H. Cochrane
Hoover Institution
Downloads 98 (544,095)
Citation 15

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11.

Portfolios for Long-Term Investors

Downloads 742 (69,609)
Citation 19

Portfolios for Long-Term Investors

Number of pages: 54 Posted: 22 Mar 2021 Last Revised: 07 Jul 2021
John H. Cochrane
Hoover Institution
Downloads 657 (80,261)

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Portfolios

Portfolios for Long-Term Investors

NBER Working Paper No. w28513
Number of pages: 55 Posted: 01 Mar 2021 Last Revised: 29 May 2023
John H. Cochrane
Hoover Institution
Downloads 85 (596,866)
Citation 19

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12.

The Dog that Did Not Bark: A Defense of Return Predictability

Downloads 625 (86,676)
Citation 197

The Dog that Did Not Bark: A Defense of Return Predictability

Number of pages: 33 Posted: 06 Feb 2006
John H. Cochrane
Hoover Institution
Downloads 473 (121,036)
Citation 8

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Return predictability, volatility

The Dog that Did Not Bark: A Defense of Return Predictability

NBER Working Paper No. w12026
Number of pages: 39 Posted: 14 Jul 2006 Last Revised: 12 Nov 2022
John H. Cochrane
Hoover Institution
Downloads 152 (386,623)
Citation 189

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The Dog that Did Not Bark: A Defense of Return Predictability

The Review of Financial Studies, Vol. 21, Issue 4, pp. 1533-1575, 2008
Posted: 08 Aug 2008
John H. Cochrane
Hoover Institution

Abstract:

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G12, G14, C22

13.

Beyond Arbitrage: 'Good Deal' Asset Price Bounds in Incomplete Markets

Downloads 607 (89,975)
Citation 83

Beyond Arbitrage: 'Good Deal' Asset Price Bounds in Incomplete Markets

CRSP Working Paper No. 430
Number of pages: 63 Posted: 26 Jun 1998
John H. Cochrane and Jesus Saa-Requejo
Hoover Institution and Vega Asset Management LLC
Downloads 607 (88,804)
Citation 83

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Beyond Arbitrage: 'Good Deal' Asset Price Bounds in Incomplete Markets

Journal of Political Economy, Vol. 108, No. 1, February 2000
Posted: 12 Feb 2000
John H. Cochrane and Jesus Saa-Requejo
Hoover Institution and Vega Asset Management LLC

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14.

Wealth and Taxes

Cato Institute, Tax and Budget Bulletin No. 86
Number of pages: 13 Posted: 28 Apr 2020
John H. Cochrane
Hoover Institution
Downloads 589 (93,432)
Citation 4

Abstract:

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wealth inequality, taxes, economics, wealth distribution, consumption, income, wealth tax, tax evasion

15.

Toward a Run-Free Financial System

Number of pages: 50 Posted: 18 Apr 2014
John H. Cochrane
Hoover Institution
Downloads 570 (97,497)
Citation 48

Abstract:

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Financial regulation, crises, Dodd-Frank, runs

16.

After the ACA: Freeing the Market for Health Care

Number of pages: 28 Posted: 07 Feb 2013
John H. Cochrane
Hoover Institution
Downloads 547 (102,599)

Abstract:

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health economics, health insurance, ACA

17.

Continuous-Time Linear Models

Downloads 546 (102,846)
Citation 1

Continuous-Time Linear Models

Chicago Booth Research Paper No. 12-27, Fama-Miller Working Paper
Number of pages: 34 Posted: 14 Jun 2012 Last Revised: 05 Sep 2012
John H. Cochrane
Hoover Institution
Downloads 412 (142,721)

Abstract:

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continuous time linear models, ARMA, cointegration prediction

Continuous-Time Linear Models

NBER Working Paper No. w18181
Number of pages: 34 Posted: 22 Jun 2012 Last Revised: 06 Mar 2023
John H. Cochrane
Hoover Institution
Downloads 132 (433,810)
Citation 1

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Continuous-Time Linear Models

Foundations and Trends in Finance, Vol. 6, No. 3, 2011
Number of pages: 70 Posted: 23 May 2013
John H. Cochrane
Hoover Institution
Downloads 2 (1,285,857)
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dynamic corporate finance, structural empirical methods, dynamic capital structure models

18.

Fiscal Inflation

Forthcoming in Populism and the Fed, James Dorn Ed., Cato Institute
Number of pages: 16 Posted: 03 Feb 2022
John H. Cochrane
Hoover Institution
Downloads 479 (120,582)

Abstract:

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Inflation, fiscal policy, fiscal theory

19.

Fiscal Histories

Downloads 467 (124,297)
Citation 6

Fiscal Histories

Number of pages: 31 Posted: 04 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 441 (131,591)
Citation 1

Abstract:

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Fiscal theory of the price level, inflation, monetary policy, fiscal policy

Fiscal Histories

NBER Working Paper No. w30328
Number of pages: 32 Posted: 08 Aug 2022 Last Revised: 18 Nov 2022
John H. Cochrane
Hoover Institution
Downloads 26 (994,911)
Citation 5

Abstract:

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20.

Bond Risk Premia

NBER Working Paper No. w9178
Number of pages: 45 Posted: 15 Sep 2002 Last Revised: 30 Jan 2022
John H. Cochrane and Monika Piazzesi
Hoover Institution and Stanford University
Downloads 458 (127,215)
Citation 65

Abstract:

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21.

Inflation Determination With Taylor Rules: A Critical Review

Number of pages: 47 Posted: 12 Sep 2007
John H. Cochrane
Hoover Institution
Downloads 443 (132,716)
Citation 20

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Taylor rule, determinacy, interest rate, inflation, price level

22.

A Frictionless View of U.S. Inflation

Downloads 422 (140,172)
Citation 38

A Frictionless View of U.S. Inflation

CRSP Working Paper No. 479
Number of pages: 64 Posted: 19 Jul 2000
John H. Cochrane
Hoover Institution
Downloads 221 (275,295)
Citation 37

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A Frictionless View of U.S. Inflation

CRSP Working Paper No. 479
Number of pages: 64 Posted: 06 Nov 1998
John H. Cochrane
Hoover Institution
Downloads 137 (420,935)
Citation 1

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A Frictionless View of U.S. Inflation

NBER Working Paper No. w6646
Number of pages: 63 Posted: 05 May 2000 Last Revised: 31 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 64 (699,855)

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23.

Where is the Market Going? Uncertain Facts and Novel Theories

Downloads 421 (140,584)
Citation 14

Where is the Market Going? Uncertain Facts and Novel Theories

Number of pages: 40 Posted: 12 Apr 1998
Helen O'D. Koshy and John H. Cochrane
Federal Reserve Bank of Chicago and Hoover Institution
Downloads 303 (200,248)
Citation 10

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Where is the Market Going? Uncertain Facts and Novel Theories

NBER Working Paper No. w6207
Number of pages: 58 Posted: 10 Jun 2000 Last Revised: 19 Jun 2022
John H. Cochrane
Hoover Institution
Downloads 118 (473,815)
Citation 4

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24.

Financial Markets and the Real Economy

Downloads 377 (159,252)
Citation 38

Financial Markets and the Real Economy

NBER Working Paper No. w11193
Number of pages: 88 Posted: 29 Sep 2006 Last Revised: 03 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 372 (160,202)
Citation 37

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Financial Markets and the Real Economy

Foundations and Trends in Finance, Vol. 1, No. 1, 2005
Number of pages: 102 Posted: 24 Jun 2010
John H. Cochrane
Hoover Institution
Downloads 5 (1,251,917)
Citation 1
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25.

Cost-Benefit Analysis as a Framework for Financial Regulation

Number of pages: 25 Posted: 18 Apr 2014
John H. Cochrane
Hoover Institution
Downloads 367 (164,037)
Citation 14

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cost-benefit, benefit-cost, financial regulation

26.

Two Trees: Asset Price Dynamics Induced by Market Clearing

Downloads 366 (164,553)
Citation 13

Two Trees: Asset Price Dynamics Induced by Market Clearing

AFA 2005 Philadelphia Meetings; EFA 2004 Maastricht Meetings Paper No. 1318
Number of pages: 46 Posted: 23 Jun 2004
John H. Cochrane, Francis A. Longstaff and Pedro Santa-Clara
Hoover Institution, University of California, Los Angeles (UCLA) - Finance Area and Nova School of Business and Economics
Downloads 288 (211,359)

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Two Trees: Asset Price Dynamics Induced by Market Clearing

NBER Working Paper No. w10116
Number of pages: 46 Posted: 27 Nov 2003 Last Revised: 24 Aug 2022
John H. Cochrane, Francis A. Longstaff and Pedro Santa-Clara
Hoover Institution, University of California, Los Angeles (UCLA) - Finance Area and Nova School of Business and Economics
Downloads 78 (628,675)
Citation 13

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27.

A Mean-Variance Benchmark for Intertemporal Portfolio Theory

Downloads 365 (165,035)
Citation 26

A Mean-Variance Benchmark for Intertemporal Portfolio Theory

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 24 Jan 2013
John H. Cochrane
Hoover Institution
Downloads 301 (201,721)

Abstract:

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Portfolio theory, long-run, asset pricing

A Mean-Variance Benchmark for Intertemporal Portfolio Theory

NBER Working Paper No. w18768
Number of pages: 53 Posted: 02 Feb 2013 Last Revised: 14 Apr 2023
John H. Cochrane
Hoover Institution
Downloads 64 (699,855)
Citation 26

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28.

Finance: Function Matters, Not Size

Downloads 344 (176,089)
Citation 9

Finance: Function Matters, Not Size

Number of pages: 26 Posted: 03 Apr 2013
John H. Cochrane
Hoover Institution
Downloads 295 (206,088)

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Finance: Function Matters, Not Size

NBER Working Paper No. w18944
Number of pages: 27 Posted: 05 Apr 2013 Last Revised: 07 Apr 2023
John H. Cochrane
Hoover Institution
Downloads 49 (794,117)
Citation 9

Abstract:

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29.

Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

Downloads 294 (208,277)
Citation 30

Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

CRSP Working Paper No. 478
Number of pages: 42 Posted: 11 Sep 2000
John H. Cochrane
Hoover Institution
Downloads 221 (275,295)
Citation 30

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Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

NBER Working Paper No. w6771
Number of pages: 41 Posted: 17 Nov 1998 Last Revised: 02 Jan 2022
John H. Cochrane
Hoover Institution
Downloads 73 (652,583)

Abstract:

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Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

Econometrica
Posted: 11 Sep 2000
John H. Cochrane
Hoover Institution

Abstract:

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30.

A New Structure for U.S. Federal Debt

Number of pages: 42 Posted: 20 Mar 2015
John H. Cochrane
Hoover Institution
Downloads 252 (243,511)
Citation 6

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Debt, maturity structure, electronic money

31.

The New-Keynesian Liquidity Trap

Downloads 246 (249,489)
Citation 16

The New-Keynesian Liquidity Trap

Number of pages: 47 Posted: 21 Sep 2013 Last Revised: 14 Oct 2014
John H. Cochrane
Hoover Institution
Downloads 197 (307,012)
Citation 1

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New-Keynesian models, liquidity trap, stimulus, multiplier

The New-Keynesian Liquidity Trap

NBER Working Paper No. w19476
Number of pages: 40 Posted: 28 Sep 2013 Last Revised: 20 Mar 2023
John H. Cochrane
Hoover Institution
Downloads 49 (794,117)
Citation 15

Abstract:

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32.

The Value of Government Debt

Downloads 242 (253,556)
Citation 3

The Value of Government Debt

Number of pages: 25 Posted: 12 Jul 2019 Last Revised: 26 Feb 2020
John H. Cochrane
Hoover Institution
Downloads 205 (295,729)

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government debt, deficits, fiscal policy

The Value of Government Debt

NBER Working Paper No. w26090
Number of pages: 26 Posted: 23 Jul 2019 Last Revised: 16 Apr 2023
John H. Cochrane
Hoover Institution
Downloads 37 (888,478)
Citation 3

Abstract:

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33.

Shocks

NBER Working Paper No. w4698
Number of pages: 60 Posted: 19 Jul 2005 Last Revised: 04 Nov 2022
John H. Cochrane
Hoover Institution
Downloads 231 (265,227)
Citation 8

Abstract:

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34.

By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior

Downloads 229 (267,445)
Citation 67

By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior

NBER Working Paper No. w4995
Number of pages: 57 Posted: 24 Jul 2000 Last Revised: 27 Aug 2022
John Y. Campbell and John H. Cochrane
Harvard University - Department of Economics and Hoover Institution
Downloads 229 (266,115)
Citation 67

Abstract:

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By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior

Journal of Political Economy, Vol. 107, No. 2, April 1999
Posted: 15 Mar 1999
John Y. Campbell and John H. Cochrane
Harvard University - Department of Economics and Hoover Institution

Abstract:

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35.

Identification With Taylor Rules: A Critical Review

Number of pages: 43 Posted: 12 Sep 2007
John H. Cochrane
Hoover Institution
Downloads 214 (285,247)
Citation 20

Abstract:

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Taylor rule, interest rate, inflation, identification

36.

A Cross-Sectional Test of a Production-Based Asset Pricing Model

NBER Working Paper No. w4025
Number of pages: 66 Posted: 28 Dec 2006 Last Revised: 03 Jul 2022
John H. Cochrane
Hoover Institution
Downloads 207 (294,189)
Citation 7

Abstract:

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37.

Stocks as Money: Convenience Yield and the Tech-Stock Bubble

NBER Working Paper No. w8987
Number of pages: 30 Posted: 07 Jun 2002 Last Revised: 24 Jul 2022
John H. Cochrane
Hoover Institution
Downloads 187 (322,986)
Citation 7

Abstract:

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38.

Determinacy and Identification with Taylor Rules

Downloads 172 (348,011)
Citation 23

Determinacy and Identification with Taylor Rules

NBER Working Paper No. w13410
Number of pages: 36 Posted: 18 Sep 2007 Last Revised: 24 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 74 (647,519)

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Determinacy and Identification with Taylor Rules

NBER Working Paper No. w13410
Number of pages: 36 Posted: 18 Sep 2007 Last Revised: 25 Sep 2010
John H. Cochrane
Hoover Institution
Downloads 60 (722,884)
Citation 1

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Determinacy and Identification with Taylor Rules

NBER Working Paper No. w13409
Number of pages: 36 Posted: 22 Aug 2012 Last Revised: 22 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 38 (879,869)
Citation 22

Abstract:

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39.

Asset Pricing Explorations for Macroeconomics

NBER Working Paper No. w4088
Number of pages: 76 Posted: 27 Apr 2000 Last Revised: 04 Sep 2022
John H. Cochrane and Lars Peter Hansen
Hoover Institution and University of Chicago - Department of Economics
Downloads 164 (362,657)
Citation 5

Abstract:

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40.

Health-Status Insurance: How Markets Can Provide Health Security

Cato Policy Analysis Series, No. 633, February 18, 2009
Number of pages: 12 Posted: 27 Aug 2009
John H. Cochrane
Hoover Institution
Downloads 154 (382,285)

Abstract:

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health-status insurance, health-status insurance account, premium reclassification, preexisting condition

41.

The Fiscal Roots of Inflation

Downloads 141 (410,701)
Citation 1

The Fiscal Roots of Inflation

Number of pages: 69 Posted: 25 May 2019 Last Revised: 09 Jun 2021
John H. Cochrane
Hoover Institution
Downloads 109 (503,501)
Citation 1

Abstract:

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inflation, fiscal theory of the price level, monetary policy

The Fiscal Roots of Inflation

NBER Working Paper No. w25811
Number of pages: 70 Posted: 07 May 2019 Last Revised: 12 Jul 2023
John H. Cochrane
Hoover Institution
Downloads 32 (934,447)

Abstract:

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42.

A Rehabilitation of Stochastic Discount Factor Methodology

NBER Working Paper No. w8533
Number of pages: 9 Posted: 11 Oct 2001 Last Revised: 27 Oct 2022
John H. Cochrane
Hoover Institution
Downloads 136 (422,517)
Citation 1

Abstract:

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43.

Strategic Review and Beyond: Rethinking Monetary Policy and Independence

Number of pages: 22 Posted: 19 Aug 2020
John H. Cochrane
Hoover Institution
Downloads 130 (437,729)

Abstract:

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44.

Volatility Tests and Efficient Markets: A Review Essay

NBER Working Paper No. w3591
Number of pages: 33 Posted: 08 Jan 2008 Last Revised: 26 Oct 2022
John H. Cochrane
Hoover Institution
Downloads 126 (448,400)
Citation 14

Abstract:

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45.

Explaining the Variance of Price Dividend Ratios

NBER Working Paper No. w3157
Number of pages: 56 Posted: 18 Sep 2007 Last Revised: 19 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 121 (462,532)
Citation 28

Abstract:

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46.

Production Based Asset Pricing

NBER Working Paper No. w2776
Number of pages: 49 Posted: 27 Jun 2004 Last Revised: 04 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 106 (510,436)

Abstract:

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47.

The Fragile Benefits of Endowment Destruction

Number of pages: 11 Posted: 20 Mar 2015
John H. Cochrane and John Y. Campbell
Hoover Institution and Harvard University - Department of Economics
Downloads 103 (521,156)
Citation 5

Abstract:

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Habits

48.

Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group

Journal of Applied Corporate Finance, Vol. 25, Issue 4, pp. 37-40, 2013
Number of pages: 6 Posted: 01 Mar 2023
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia University - Columbia Business School, Finance, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS) and Ohio State University (OSU) - Department of Finance
Downloads 101 (528,312)
Citation 1

Abstract:

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49.

Stepping on a Rake: Replication and Diagnosis

Downloads 94 (553,878)
Citation 2

Stepping on a Rake: Replication and Diagnosis

Number of pages: 42 Posted: 19 Dec 2016
John H. Cochrane
Hoover Institution
Downloads 66 (688,903)
Citation 2

Abstract:

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Fiscal Theory, Monetary Policy, Interest Rates, Inflation

Stepping on a Rake: The Fiscal Theory of Monetary Policy

NBER Working Paper No. w22979
Number of pages: 57 Posted: 27 Dec 2016 Last Revised: 16 Apr 2023
John H. Cochrane
Hoover Institution
Downloads 28 (973,990)

Abstract:

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50.

Expectations and the Neutrality of Interest Rates

Downloads 92 (561,450)
Citation 2

Expectations and the Neutrality of Interest Rates

Number of pages: 69 Posted: 23 Sep 2022 Last Revised: 24 Feb 2024
John H. Cochrane
Hoover Institution
Downloads 71 (662,711)

Abstract:

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interest rates, inflation, monetary policy, fiscal theory of the price level

Expectations and the Neutrality of Interest Rates

NBER Working Paper No. w30468
Number of pages: 70 Posted: 19 Sep 2022 Last Revised: 10 Jun 2023
John H. Cochrane
Hoover Institution
Downloads 21 (1,051,131)
Citation 2

Abstract:

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51.

Explaining the Poor Performance of Consumption-Based Asset Pricing Models

NBER Working Paper No. w7237
Number of pages: 22 Posted: 26 Apr 2000 Last Revised: 12 Oct 2022
John Y. Campbell and John H. Cochrane
Harvard University - Department of Economics and Hoover Institution
Downloads 89 (573,055)
Citation 1

Abstract:

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52.

Money as Stock: Price Level Determination with No Money Demand

NBER Working Paper No. w7498
Number of pages: 32 Posted: 03 Mar 2000 Last Revised: 29 Dec 2022
John H. Cochrane
Hoover Institution
Downloads 89 (573,055)
Citation 27

Abstract:

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53.

Rethinking Production Under Uncertainty

Downloads 88 (577,131)

Rethinking Production Under Uncertainty

Number of pages: 70 Posted: 16 Dec 2019 Last Revised: 06 Apr 2020
John H. Cochrane
Hoover Institution
Downloads 74 (647,519)

Abstract:

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production-based asset pricing

Rethinking Production Under Uncertainty

NBER Working Paper No. w26535
Number of pages: 71 Posted: 09 Dec 2019 Last Revised: 03 Jul 2023
John H. Cochrane
Hoover Institution
Downloads 14 (1,137,047)

Abstract:

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54.

What Do the Vars Mean?: Measuring the Output Effects of Monetary Policy

NBER Working Paper No. w5154
Number of pages: 24 Posted: 06 Sep 2000 Last Revised: 03 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 88 (577,131)
Citation 2

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55.

Beyond Arbitrage: "Good-Deal" Asset Price Bounds in Incomplete Markets

NBER Working Paper No. w5489
Number of pages: 70 Posted: 19 Jul 2000 Last Revised: 03 Jul 2022
John H. Cochrane and Jesus Saa-Requejo
Hoover Institution and Vega Asset Management LLC
Downloads 85 (589,381)

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56.

Inflation Past, Present and Future: Fiscal Shocks, Fed Response, and Fiscal Limits

Downloads 84 (593,552)
Citation 2

Inflation Past, Present and Future: Fiscal Shocks, Fed Response, and Fiscal Limits

Number of pages: 45 Posted: 02 Jun 2022
John H. Cochrane
Hoover Institution
Downloads 65 (694,270)
Citation 2

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Inflation, Federal Reserve, Fiscal Theory

Inflation Past, Present and Future: Fiscal Shocks, Fed Response, and Fiscal Limits

NBER Working Paper No. w30096
Number of pages: 46 Posted: 30 May 2022 Last Revised: 04 Jun 2022
John H. Cochrane
Hoover Institution
Downloads 19 (1,075,191)

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57.

A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt

Downloads 82 (602,114)
Citation 18

A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt

Review of Economic Dynamics, Forthcoming
Number of pages: 57 Posted: 02 Mar 2020 Last Revised: 21 Jun 2021
John H. Cochrane
Hoover Institution
Downloads 68 (678,120)

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fiscal theory, monetary policy, interest rate targets

A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt

NBER Working Paper No. w26745
Number of pages: 58 Posted: 11 Feb 2020 Last Revised: 29 Jan 2023
John H. Cochrane
Hoover Institution
Downloads 14 (1,137,047)
Citation 18

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58.

International Risk Sharing is Better than You Think (or Exchange Rates are Much Too Smooth)

NBER Working Paper No. w8404
Number of pages: 34 Posted: 29 Jul 2001 Last Revised: 19 Dec 2022
Michael W. Brandt, John H. Cochrane and Pedro Santa-Clara
Duke University - Fuqua School of Business, Hoover Institution and Nova School of Business and Economics
Downloads 77 (623,973)
Citation 51

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59.

The Fed and Interest Rates: A High-Frequency Identification

NBER Working Paper No. w8839
Number of pages: 17 Posted: 23 Mar 2002 Last Revised: 28 Aug 2022
John H. Cochrane and Monika Piazzesi
Hoover Institution and Stanford University
Downloads 75 (632,934)
Citation 108

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60.

Monetary Policy with Interest on Reserves

Number of pages: 53 Posted: 15 Oct 2014
John H. Cochrane
Hoover Institution
Downloads 71 (651,908)

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monetary policy, fiscal theory of the price level, interest on reserves, federal reserve balance sheet

61.

Stepping on a Rake: The Fiscal Theory of Monetary Policy

European Economic Review, Forthcoming
Number of pages: 55 Posted: 20 Oct 2017
John H. Cochrane
Hoover Institution
Downloads 67 (671,463)
Citation 2

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Monetary, Fiscal, Inflation

62.

Using Production Based Asset Pricing to Explain the Behavior of Stock Returns Over the Business Cycle

NBER Working Paper No. w3212
Number of pages: 48 Posted: 14 Jan 2001 Last Revised: 13 Oct 2022
John H. Cochrane
Hoover Institution
Downloads 66 (676,622)

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63.

A Test of Consumption Insurance

NBER Working Paper No. w2642
Number of pages: 25 Posted: 09 Mar 2004 Last Revised: 22 Sep 2022
John H. Cochrane
Hoover Institution
Downloads 65 (681,712)
Citation 28

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64.

Univariate vs. Multivariate Forecasts of Gnp Growth and Stock Returns: Evidence and Implications for the Persistence of Shocks, Detrending Methods

NBER Working Paper No. w3427
Number of pages: 36 Posted: 18 Jan 2002 Last Revised: 15 May 2022
John H. Cochrane
Hoover Institution
Downloads 59 (714,048)
Citation 1

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65.

The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives

NBER Working Paper No. w2730
Number of pages: 52 Posted: 19 Mar 2001 Last Revised: 19 Jun 2022
John H. Cochrane
Hoover Institution
Downloads 49 (775,736)
Citation 17

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66.

Monetary Policy with Interest on Reserves

NBER Working Paper No. w20613
Number of pages: 54 Posted: 27 Oct 2014 Last Revised: 29 Apr 2023
John H. Cochrane
Hoover Institution
Downloads 45 (803,491)
Citation 5

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67.

Can Learnability Save New-Keynesian Models?

NBER Working Paper No. w15459
Number of pages: 9 Posted: 03 Nov 2009 Last Revised: 30 Mar 2023
John H. Cochrane
Hoover Institution
Downloads 45 (803,491)

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68.

Lessons from the Financial Crisis

Posted: 12 Jan 2010
John H. Cochrane
Hoover Institution

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69.

Two Trees

The Review of Financial Studies, Vol. 21, Issue 1, pp. 347-385, 2008
Posted: 26 Jun 2008
John H. Cochrane, Francis A. Longstaff and Pedro Santa-Clara
Hoover Institution, University of California, Los Angeles (UCLA) - Finance Area and Nova School of Business and Economics

Abstract:

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70.

A Cross-Sectional Test of an Investment-Based Asset Pricing Model

J. OF POLITICAL ECONOMY, Vol. 104 No. 3, June 1996
Posted: 25 Sep 1996
John H. Cochrane
Hoover Institution

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