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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33,677

SSRN CITATIONS
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in Total Papers Citations

2,626

CROSSREF CITATIONS

3,387

Scholarly Papers (70)

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1.

New Facts in Finance

Downloads 6,072 ( 2,272)
Citation 14

New Facts in Finance

CRSP Working Paper No. 490
Number of pages: 24 Posted: 19 Jul 2000
John H. Cochrane
Hoover Institution
Downloads 2,989 (7,352)
Citation 16

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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 2,950 (7,503)
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 133 (367,188)

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2.

The Risk and Return of Venture Capital

Downloads 4,194 ( 4,280)
Citation 133

The Risk and Return of Venture Capital

Number of pages: 41 Posted: 03 Apr 2001
John H. Cochrane
Hoover Institution
Downloads 3,749 (5,080)
Citation 140

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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 445 (111,866)

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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 3,296 (6,404)
Citation 199

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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 1,958 (14,626)
Citation 3

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5.

Portfolio Advice for a Multifactor World

Downloads 1,452 (23,145)
Citation 11

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 1,044 (36,848)
Citation 9

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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 295 (176,948)
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 113 (415,471)

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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 1,208 (30,337)
Citation 2

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7.

Macro-Finance

Downloads 915 (44,992)
Citation 104

Macro-Finance

Number of pages: 73 Posted: 30 Jul 2016
John H. Cochrane
Hoover Institution
Downloads 804 (52,931)
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 111 (421,050)
Citation 73

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8.

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 822 (52,185)
Citation 1

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

9.

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 807 (53,620)
Citation 35

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10.

Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic

Downloads 744 (59,613)
Citation 26

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 655 (69,396)
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 89 (490,446)
Citation 15

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11.

Portfolios for Long-Term Investors

Downloads 620 (75,346)
Citation 17

Portfolios for Long-Term Investors

Number of pages: 54 Posted: 22 Mar 2021 Last Revised: 07 Jul 2021
John H. Cochrane
Hoover Institution
Downloads 566 (83,442)

Abstract:

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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 54 (648,840)
Citation 17

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12.

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

Downloads 596 (79,130)
Citation 517

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 457 (108,504)
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 139 (354,728)
Citation 174

Abstract:

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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 563 (84,973)

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 563 (83,996)
Citation 68

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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.

Toward a Run-Free Financial System

Number of pages: 50 Posted: 18 Apr 2014
John H. Cochrane
Hoover Institution
Downloads 517 (94,499)
Citation 48

Abstract:

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Financial regulation, crises, Dodd-Frank, runs

15.

After the ACA: Freeing the Market for Health Care

Number of pages: 28 Posted: 07 Feb 2013
John H. Cochrane
Hoover Institution
Downloads 493 (100,109)
Citation 1

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health economics, health insurance, ACA

16.

Continuous-Time Linear Models

Downloads 484 (102,367)
Citation 2

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 397 (127,973)

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 87 (497,563)

Abstract:

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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 0
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dynamic corporate finance, structural empirical methods, dynamic capital structure models

17.

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 435 (116,400)

Abstract:

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Inflation, fiscal policy, fiscal theory

18.

Fiscal Histories

Downloads 427 (118,665)
Citation 4

Fiscal Histories

Number of pages: 31 Posted: 04 Aug 2022
John H. Cochrane
Hoover Institution
Downloads 410 (123,213)
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 17 (941,989)
Citation 1
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19.

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 410 (124,394)
Citation 65

Abstract:

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20.

Where is the Market Going? Uncertain Facts and Novel Theories

Downloads 399 (128,401)
Citation 21

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 290 (180,139)
Citation 10

Abstract:

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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 109 (426,670)
Citation 4

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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 397 (129,128)
Citation 20

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

22.

A Frictionless View of U.S. Inflation

Downloads 390 (131,737)
Citation 26

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 211 (246,749)
Citation 30

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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 126 (382,855)

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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 53 (654,736)

Abstract:

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23.

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 364 (142,226)
Citation 4

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

24.

Financial Markets and the Real Economy

Downloads 353 (147,081)
Citation 119

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 350 (147,417)
Citation 34

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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 3 (1,076,590)
Citation 1
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25.

Two Trees: Asset Price Dynamics Induced by Market Clearing

Downloads 350 (148,467)
Citation 61

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 281 (186,103)

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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 69 (571,483)
Citation 13

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26.

A Mean-Variance Benchmark for Intertemporal Portfolio Theory

Downloads 345 (151,255)
Citation 38

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 293 (178,846)

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 52 (660,657)
Citation 25

Abstract:

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27.

Cost-Benefit Analysis as a Framework for Financial Regulation

Number of pages: 25 Posted: 18 Apr 2014
John H. Cochrane
Hoover Institution
Downloads 332 (157,066)
Citation 14

Abstract:

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cost-benefit, benefit-cost, financial regulation

28.

Finance: Function Matters, Not Size

Downloads 328 (159,733)
Citation 38

Finance: Function Matters, Not Size

Number of pages: 26 Posted: 03 Apr 2013
John H. Cochrane
Hoover Institution
Downloads 284 (184,771)

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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 44 (711,251)
Citation 9

Abstract:

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29.

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

Downloads 278 (189,862)
Citation 62

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 212 (245,653)
Citation 30

Abstract:

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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 66 (590,612)

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 231 (227,255)
Citation 4

Abstract:

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Debt, maturity structure, electronic money

31.

The New-Keynesian Liquidity Trap

Downloads 228 (231,029)
Citation 36

The New-Keynesian Liquidity Trap

Number of pages: 47 Posted: 21 Sep 2013 Last Revised: 14 Oct 2014
John H. Cochrane
Hoover Institution
Downloads 186 (278,120)
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 42 (725,021)
Citation 15

Abstract:

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32.

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 210 (248,518)
Citation 8

Abstract:

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33.

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

Downloads 203 (256,347)
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 203 (255,796)
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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34.

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 198 (262,139)
Citation 7

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 193 (268,214)
Citation 20

Abstract:

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Taylor rule, interest rate, inflation, identification

36.

The Value of Government Debt

Downloads 178 (288,083)
Citation 2

The Value of Government Debt

Number of pages: 25 Posted: 12 Jul 2019 Last Revised: 26 Feb 2020
John H. Cochrane
Hoover Institution
Downloads 148 (337,347)

Abstract:

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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 30 (818,254)
Citation 2

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 175 (292,391)
Citation 7

Abstract:

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38.

Determinacy and Identification with Taylor Rules

Downloads 150 (333,138)
Citation 133

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 68 (576,206)

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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 52 (660,657)
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 30 (818,254)
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 150 (333,138)
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 146 (340,497)

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

41.

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 129 (374,751)
Citation 1

Abstract:

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42.

Strategic Review and Beyond: Rethinking Monetary Policy and Independence

Number of pages: 22 Posted: 19 Aug 2020
John H. Cochrane
Hoover Institution
Downloads 123 (388,515)

Abstract:

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43.

The Fiscal Roots of Inflation

Downloads 120 (395,670)
Citation 10

The Fiscal Roots of Inflation

Number of pages: 69 Posted: 25 May 2019 Last Revised: 09 Jun 2021
John H. Cochrane
Hoover Institution
Downloads 92 (480,227)
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 28 (835,572)

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 114 (410,707)
Citation 13

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 108 (427,161)
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 97 (460,142)

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 92 (476,229)
Citation 5

Abstract:

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Habits

48.

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 84 (503,726)
Citation 1

Abstract:

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49.

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 82 (511,061)
Citation 26

Abstract:

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50.

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 80 (518,562)
Citation 2

Abstract:

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51.

Stepping on a Rake: Replication and Diagnosis

Downloads 78 (526,369)
Citation 8

Stepping on a Rake: Replication and Diagnosis

Number of pages: 42 Posted: 19 Dec 2016
John H. Cochrane
Hoover Institution
Downloads 56 (637,462)
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 22 (891,061)

Abstract:

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52.

Rethinking Production Under Uncertainty

Downloads 76 (534,382)
Citation 6

Rethinking Production Under Uncertainty

Number of pages: 70 Posted: 16 Dec 2019 Last Revised: 06 Apr 2020
John H. Cochrane
Hoover Institution
Downloads 64 (595,384)

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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 12 (995,139)

Abstract:

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53.

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

Downloads 74 (542,562)
Citation 1

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 59 (620,996)
Citation 1

Abstract:

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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 15 (962,837)
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54.

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 72 (550,849)

Abstract:

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55.

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
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Citation 35

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56.

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
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Citation 1

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57.

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
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Citation 92

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58.

Expectations and the Neutrality of Interest Rates

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Expectations and the Neutrality of Interest Rates

Number of pages: 65 Posted: 23 Sep 2022 Last Revised: 30 Jan 2023
John H. Cochrane
Hoover Institution
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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: 66 Posted: 19 Sep 2022 Last Revised: 10 Jun 2023
John H. Cochrane
Hoover Institution
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59.

Monetary Policy with Interest on Reserves

Number of pages: 53 Posted: 15 Oct 2014
John H. Cochrane
Hoover Institution
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monetary policy, fiscal theory of the price level, interest on reserves, federal reserve balance sheet

60.

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

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Citation 12

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
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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
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Citation 12

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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
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Monetary, Fiscal, Inflation

62.

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 59 (610,348)
Citation 28

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63.

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
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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 55 (631,084)
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 42 (707,729)
Citation 15

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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 37 (742,226)
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
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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

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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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