S. Borağan Aruoba

University of Maryland - Department of Economics

College Park, MD 20742

United States

  • University of Maryland - Department of Economics

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SCHOLARLY PAPERS

25

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524

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615

Scholarly Papers (25)

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1.

The Macroeconomy and the Yield Curve: A Nonstructural Analysis

Downloads 666 ( 39,763)
Citation 4

The Macroeconomy and the Yield Curve: A Nonstructural Analysis

PIER Working Paper No. 03-024
Number of pages: 39 Posted: 28 Oct 2003
Francis X. Diebold, Glenn D. Rudebusch and S. Borağan Aruoba
University of Pennsylvania - Department of Economics, Federal Reserve Bank of San Francisco and University of Maryland - Department of Economics
Downloads 443 (66,256)
Citation 4

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Yield curve, term structure, interest rates, macroeconomic fundamentals, factor model, statespace model

The Macroeconomy and the Yield Curve: A Nonstructural Analysis

CFS Working Paper No. 2003/31
Number of pages: 40 Posted: 14 Dec 2003
Glenn D. Rudebusch, Francis X. Diebold and S. Borağan Aruoba
Federal Reserve Bank of San Francisco, University of Pennsylvania - Department of Economics and University of Maryland - Department of Economics
Downloads 223 (141,714)
Citation 1

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Yield curve, term structure, interest rates, macroeconomic fundamentals, factor model, state-space model

2.

The Macroeconomy and the Yield Curve: A Dynamic Latent Factor Approach

Downloads 346 ( 89,472)
Citation 220

The Macroeconomy and the Yield Curve: A Dynamic Latent Factor Approach

Rodney L. White Center for Financial Research Working Paper No. 16-04
Number of pages: 41 Posted: 08 Jul 2004
Francis X. Diebold, Glenn D. Rudebusch and S. Borağan Aruoba
University of Pennsylvania - Department of Economics, Federal Reserve Bank of San Francisco and University of Maryland - Department of Economics
Downloads 269 (117,076)

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Term structure, interest rates, macroeconomic fundamentals, factor model, state-space model

The Macroeconomy and the Yield Curve: A Dynamic Latent Factor Approach

NBER Working Paper No. w10616
Number of pages: 40 Posted: 28 Jul 2004 Last Revised: 06 Jul 2010
Francis X. Diebold, Glenn D. Rudebusch and S. Borağan Aruoba
University of Pennsylvania - Department of Economics, Federal Reserve Bank of San Francisco and University of Maryland - Department of Economics
Downloads 77 (326,575)
Citation 14

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3.

Comparing Solution Methods for Dynamic Equilibrium Economies

Downloads 224 (141,494)
Citation 58

Comparing Solution Methods for Dynamic Equilibrium Economies

PIER Working Paper No. 04-003
Number of pages: 76 Posted: 12 Jan 2004
S. Borağan Aruoba, Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 114 (252,045)
Citation 5

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Dynamic Equilibrium Economies, Computational Methods, Linear and Nonlinear Solution Methods

Comparing Solution Methods for Dynamic Equilibrium Economies

FRB of Atlanta Working Paper No. 2003-27
Number of pages: 39 Posted: 17 Feb 2004
S. Borağan Aruoba, Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 110 (258,590)
Citation 65

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Dynamic equilibrium economies, computational methods, linear and nonlinear solution methods

4.

Moving Holidays and Seasonality: An Application in the Time and Frequency Domains for Turkey

Bogazici University ISS/EC Working Paper No. 01-07
Number of pages: 34 Posted: 01 Nov 2001
C. Emre Alper and S. Borağan Aruoba
International Monetary Fund (IMF) and University of Maryland - Department of Economics
Downloads 212 (149,162)
Citation 2

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Moving Holidays, Calendar Variation, Seasonality, Time Domain, Frequency Domain, Hegirian Calendar

5.

Money and Capital

FRB of Cleveland Working Paper No. 07-14
Number of pages: 58 Posted: 17 Oct 2007 Last Revised: 23 Oct 2007
S. Borağan Aruoba, Christopher J. Waller and Randall Wright
University of Maryland - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 197 (159,823)
Citation 7

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bargaining, price taking, centralized markets, decentralized markets, capital, inflation, investment, welfare

6.

Real-Time Measurement of Business Conditions

Downloads 179 (174,313)
Citation 74

Real-Time Measurement of Business Conditions

FRB International Finance Discussion Paper No. 901, PIER Working Paper No. 07-028
Number of pages: 36 Posted: 22 Sep 2007
S. Borağan Aruoba, Francis X. Diebold and Chiara Scotti
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 101 (274,684)

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Import prices, Export prices, Trade balance, Marshall-Lerner condition, DGE model

Real-Time Measurement of Business Conditions

FRB of Philadelphia Working Paper No. 08-19
Number of pages: 30 Posted: 24 Sep 2008
S. Borağan Aruoba and Francis X. Diebold
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 53 (398,285)
Citation 82

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Business cycle, Expansion, Recession, Macroeconomic forecasting, State space model, Dynamic factor model, Contraction, Turning point

Real-Time Measurement of Business Conditions

NBER Working Paper No. w14349
Number of pages: 30 Posted: 23 Sep 2008 Last Revised: 17 Sep 2010
S. Borağan Aruoba, Francis X. Diebold and Chiara Scotti
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 25 (526,625)

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7.

Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions

Downloads 164 (187,985)
Citation 12

Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions

PIER Working Paper No. 10-002
Number of pages: 17 Posted: 12 Jan 2010 Last Revised: 17 Jan 2010
S. Borağan Aruoba and Francis X. Diebold
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 82 (314,449)
Citation 9

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Nowcasting, Prices, Wages, Business cycle, Expansion, Contraction, Recession, Turning point, State-space model, Dynamic factor model

Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions

FRB of Philadelphia Working Paper No. 10-5
Number of pages: 17 Posted: 29 Jan 2010
S. Borağan Aruoba and Francis X. Diebold
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 47 (420,309)
Citation 5

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Nowcasting, Prices, Wages, Business cycle, Expansion, Contraction, Recession, Turning point, State-space model, Dynamic factor model

Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions

NBER Working Paper No. w15657
Number of pages: 17 Posted: 18 Jan 2010 Last Revised: 05 Jul 2010
S. Borağan Aruoba and Francis X. Diebold
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 35 (471,731)

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8.

Globalization, the Business Cycle, and Macroeconomic Monitoring

Downloads 135 (220,860)
Citation 6

Globalization, the Business Cycle, and Macroeconomic Monitoring

IMF Working Paper No. 11/25
Number of pages: 53 Posted: 07 Feb 2011
M. Ayhan Kose, S. Borağan Aruoba, Marco E. Terrones and Francis X. Diebold
Development Prospects Group at the World Bank, University of Maryland - Department of Economics, International Monetary Fund (IMF) and University of Pennsylvania - Department of Economics
Downloads 108 (261,914)
Citation 2

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Business cycles, Cross country analysis, Globalization, Group of seven

Globalization, the Business Cycle, and Macroeconomic Monitoring

NBER Working Paper No. w16264
Number of pages: 52 Posted: 16 Aug 2010 Last Revised: 03 Nov 2010
S. Borağan Aruoba, Francis X. Diebold, M. Ayhan Kose and Marco E. Terrones
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, Development Prospects Group at the World Bank and International Monetary Fund (IMF)
Downloads 27 (514,316)

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9.

Improving GDP Measurement: A Forecast Combination Perspective

Downloads 131 (226,176)
Citation 2

Improving GDP Measurement: A Forecast Combination Perspective

PIER Working Paper No. 11-028
Number of pages: 30 Posted: 09 Sep 2011
S. Borağan Aruoba, Francis X. Diebold, Jeremy Nalewaik, Frank Schorfheide and Dongho Song
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics and Johns Hopkins University - Carey Business School
Downloads 66 (356,396)

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National Income and Product Accounts, Output, Expenditure, Economic Activity, Business Cycle, Recession

Improving GDP Measurement: a Forecast Combination Perspective

NBER Working Paper No. w17421
Number of pages: 30 Posted: 21 Sep 2011 Last Revised: 03 Oct 2011
S. Borağan Aruoba, Francis X. Diebold, Jeremy Nalewaik, Frank Schorfheide and Dongho Song
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics and Johns Hopkins University - Carey Business School
Downloads 33 (481,535)

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Improving GDP Measurement: A Forecast Combination Perspective

FRB of Philadelphia Working Paper No. 11-41
Number of pages: 30 Posted: 21 Sep 2011
S. Borağan Aruoba, Francis X. Diebold, Jeremy Nalewaik, Frank Schorfheide and Dongho Song
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics and Johns Hopkins University - Carey Business School
Downloads 32 (486,627)
Citation 2

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National Income and Product Accounts, Output, Expenditure, Economic Activity, Business Cycle, Recession

10.

Real-Time Measurement of Business Conditions, Second Version

PIER Working Paper No. 08-011
Number of pages: 28 Posted: 04 Apr 2008
S. Borağan Aruoba, Francis X. Diebold and Chiara Scotti
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 108 (260,518)
Citation 1

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Business cycle, Expansion, Recession, State space model, Macroeconomic forecasting, Dynamic factor model, Contraction, Turning point

11.

Data Revisions are Not Well-Behaved

Downloads 102 (271,127)
Citation 47

Data Revisions are Not Well-Behaved

Number of pages: 40 Posted: 03 Jan 2005
S. Borağan Aruoba
University of Maryland - Department of Economics
Downloads 76 (329,158)
Citation 5

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Forecasting, news and noise, real-time data, NIPA variables

Data Revisions are Not Well-Behaved

CEPR Discussion Paper No. 5271
Number of pages: 43 Posted: 15 Nov 2005
S. Borağan Aruoba
University of Maryland - Department of Economics
Downloads 26 (520,444)
Citation 4
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Forecasting, news and noise, real-time data, NIPA variables

12.

Improving GDP Measurement: A Measurement-Error Perspective

Downloads 97 (280,354)
Citation 19

Improving GDP Measurement: A Measurement-Error Perspective

PIER Working Paper No. 13-016
Number of pages: 36 Posted: 04 Apr 2013
S. Borağan Aruoba, Francis X. Diebold, Jeremy Nalewaik, Frank Schorfheide and Dongho Song
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics and Johns Hopkins University - Carey Business School
Downloads 65 (359,397)

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Income, output, expenditure, business cycle, expansion, contraction, recession, turning point, state-space model, dynamic factor model, forecast combination

Improving GDP Measurement: A Measurement-Error Perspective

FRB of Philadelphia Working Paper No. 13-16
Number of pages: 36 Posted: 11 May 2013
S. Borağan Aruoba, Francis X. Diebold, Jeremy Nalewaik, Frank Schorfheide and Dongho Song
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics and Johns Hopkins University - Carey Business School
Downloads 19 (566,107)

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Income, Output, expenditure, business cycle, expansion, contraction, recession, turning point, state-space model, dynamic factor model, forecast combination

Improving GDP Measurement: A Measurement-Error Perspective

NBER Working Paper No. w18954
Number of pages: 36 Posted: 13 Apr 2013
S. Borağan Aruoba, Francis X. Diebold, Jeremy Nalewaik, Frank Schorfheide and Dongho Song
University of Maryland - Department of Economics, University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics and Johns Hopkins University - Carey Business School
Downloads 13 (607,461)
Citation 16

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13.

A Structural Model of Electoral Accountability

Downloads 95 (284,171)
Citation 2

A Structural Model of Electoral Accountability

Number of pages: 58 Posted: 24 Apr 2015 Last Revised: 22 Mar 2017
S. Borağan Aruoba, Allan Drazen and Razvan Vlaicu
University of Maryland - Department of Economics, University of Maryland - Department of Economics and Inter-American Development Bank
Downloads 87 (302,959)

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discipline, selection, political agency, elections, structural estimation, maximum likelihood

A Structural Model of Electoral Accountability

NBER Working Paper No. w21151
Number of pages: 49 Posted: 11 May 2015
S. Borağan Aruoba, Allan Drazen and Razvan Vlaicu
University of Maryland - Department of Economics, University of Maryland - Department of Economics and Inter-American Development Bank
Downloads 8 (643,771)

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A Structural Model of Electoral Accountability

CEPR Discussion Paper No. DP11331
Number of pages: 56 Posted: 20 Jun 2016
S. Borağan Aruoba, Allan Drazen and Razvan Vlaicu
University of Maryland - Department of Economics, University of Maryland - Department of Economics and Inter-American Development Bank
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discipline, elections, maximum likelihood, political agency, selection, structural estimation

A Structural Model of Electoral Accountability

International Economic Review, Vol. 60, Issue 2, pp. 517-545, 2019
Number of pages: 29 Posted: 22 May 2019
S. Borağan Aruoba, Allan Drazen and Razvan Vlaicu
University of Maryland - Department of Economics, University of Maryland - Department of Economics and Inter-American Development Bank
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Citation 1
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14.

Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries

Downloads 87 (300,440)
Citation 29

Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries

FRB International Finance Discussion Paper No. 1163
Number of pages: 50 Posted: 05 May 2016
Frank Schorfheide, Pablo Cuba-Borda and S. Borağan Aruoba
University of Pennsylvania - Department of Economics, Board of Governors of the Federal Reserve System and University of Maryland - Department of Economics
Downloads 63 (365,412)
Citation 7

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Deflation, DSGE Models, Japan, Multiple Equilibria, Nonlinear Filtering, Nonlinear Solution Methods, Sunspots, U.S., ZLB

Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries

PIER Working Paper No. 14-035
Number of pages: 74 Posted: 07 Oct 2014
S. Borağan Aruoba, Pablo Borda and Frank Schorfheide
University of Maryland - Department of Economics, University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 24 (533,034)
Citation 2

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DSGE Models, Government Spending Multiplier, Japan, Multiple Equilibria

15.

Macroeconomic Dynamics Near the ZLB: A Tale of Two Equilibria

Downloads 86 (302,647)
Citation 6

Macroeconomic Dynamics Near the ZLB: A Tale of Two Equilibria

FRB of Philadelphia Working Paper No. 13-29
Number of pages: 66 Posted: 18 Jul 2013
S. Borağan Aruoba and Frank Schorfheide
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 72 (339,606)
Citation 6

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DSGE models, government spending

Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries

NBER Working Paper No. w19248
Number of pages: 74 Posted: 27 Jul 2013 Last Revised: 01 Aug 2013
S. Borağan Aruoba and Frank Schorfheide
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 14 (600,438)
Citation 1

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16.

Search, Money and Capital: a Neoclassical Dichotomy

PIER Working Paper No. 02-036, FRB of Cleveland Working Paper No. 02-08
Number of pages: 30 Posted: 28 Oct 2002 Last Revised: 18 Nov 2007
S. Borağan Aruoba and Randall Wright
University of Maryland - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 85 (304,809)
Citation 3

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17.

Search, Money and Capital: A Neoclassical Dichotomy, Second Version

PIER Working Paper No. 03-028
Number of pages: 33 Posted: 25 Nov 2003
S. Borağan Aruoba and Randall Wright
University of Maryland - Department of Economics and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 80 (316,195)

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18.

Optimal Fiscal and Monetary Policy When Money is Essential

FRB International Finance Discussion Paper No. 880
Number of pages: 56 Posted: 19 Jan 2007
S. Borağan Aruoba and Sanjay K. Chugh
University of Maryland - Department of Economics and University of Maryland
Downloads 73 (333,391)
Citation 23

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Micro-founded models of money, Friedman Rule, inflation stability

19.

Term Structures of Inflation Expectations and Real Interest Rates

FRB of Philadelphia Working Paper No. 16-9
Number of pages: 70 Posted: 24 Mar 2016
S. Borağan Aruoba
University of Maryland - Department of Economics
Downloads 69 (343,798)
Citation 2

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Surveys, TIPS, Inflation swaps, Unconventional monetary policy, Treasury Inflation-Protected Securities (TIPS)

20.

A Comparison of Programming Languages in Economics

NBER Working Paper No. w20263
Number of pages: 20 Posted: 30 Jun 2014
S. Borağan Aruoba and Jesús Fernández-Villaverde
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 62 (363,621)

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21.

Money and Capital: A Quantitative Analysis

Federal Reserve Bank of St. Louis Working Paper No. 2009-031A
Number of pages: 58 Posted: 10 Aug 2009
S. Borağan Aruoba, Christopher J. Waller and Randall Wright
University of Maryland - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of St. Louis and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 54 (388,748)

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money, capital, search

22.

Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-Offs

Downloads 54 (388,748)
Citation 6

Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-Offs

FRB of Philadelphia Working Paper No. 09-8
Number of pages: 85 Posted: 14 May 2009
S. Borağan Aruoba and Frank Schorfheide
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 34 (476,568)
Citation 6

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Long-run inflation target, monetary models, welfare costs of inflation, bayesian estimation

Sticky Prices Versus Monetary Frictions: An Estimation of Policy Trade-Offs

NBER Working Paper No. w14870
Number of pages: 56 Posted: 13 Apr 2009 Last Revised: 20 Aug 2010
S. Borağan Aruoba and Frank Schorfheide
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 20 (559,319)

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23.

Assessing DSGE Model Nonlinearities

Downloads 53 (391,945)
Citation 10

Assessing DSGE Model Nonlinearities

FRB of Philadelphia Working Paper No. 13-47
Number of pages: 62 Posted: 30 Nov 2013
S. Borağan Aruoba, Luigi Bocola and Frank Schorfheide
University of Maryland - Department of Economics, Stanford University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 40 (449,125)

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DSGE Models, Time-series analysis, Nonlinear

Assessing DSGE Model Nonlinearities

NBER Working Paper No. w19693
Number of pages: 47 Posted: 10 Dec 2013
S. Borağan Aruoba, Luigi Bocola and Frank Schorfheide
University of Maryland - Department of Economics, Stanford University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 13 (607,461)
Citation 2

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24.

Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes

NBER Working Paper No. w18276
Number of pages: 43 Posted: 03 Aug 2012
S. Borağan Aruoba, Morris A. Davis and Randall Wright
University of Maryland - Department of Economics, Rutgers Business School and University of Wisconsin - Madison - Department of Finance, Investment and Banking
Downloads 9 (610,541)
Citation 1

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25.

Money, Search, and Business Cycles

International Economic Review, Vol. 52, Issue 3, pp. 935-959, 2011
Number of pages: 25 Posted: 30 Aug 2011
S. Borağan Aruoba
University of Maryland - Department of Economics
Downloads 3 (652,656)
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