Jesús Fernández-Villaverde

University of Pennsylvania - Department of Economics

Professor

3718 Locust Walk

160 McNeil Building

Philadelphia, PA 19104

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • University of Pennsylvania - Department of Economics

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    • Tel: 215-898-1504
    • Fax: 215-573-2057
SCHOLARLY PAPERS

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Scholarly Papers (61)

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1.

The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

Downloads 1,076 ( 21,394)
Citation 40

The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

PIER Working Paper No. 10-011
Number of pages: 50 Posted: 15 Mar 2010 Last Revised: 15 Sep 2013
Jules H. van Binsbergen, Jesús Fernández-Villaverde, Ralph S. J. Koijen and Juan Francisco Rubio-Ramirez
University of Pennsylvania - The Wharton School, University of Pennsylvania - Department of Economics, University of Chicago - Booth School of Business and Federal Reserve Bank of Atlanta - Research Department
Downloads 1,021 (22,722)
Citation 9

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The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

NBER Working Paper No. w15890
Number of pages: 49 Posted: 12 Apr 2010
Jules H. van Binsbergen, Jesús Fernández-Villaverde, Ralph S. J. Koijen and Juan Francisco Rubio-Ramirez
University of Pennsylvania - The Wharton School, University of Pennsylvania - Department of Economics, University of Chicago - Booth School of Business and Federal Reserve Bank of Atlanta - Research Department
Downloads 51 (422,453)

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The Term Structure of Interest Rates in a DSGE Model with Recursive Preferences

CEPR Discussion Paper No. DP7781
Number of pages: 51 Posted: 19 May 2010
Jesús Fernández-Villaverde, Ralph S. J. Koijen, Juan Francisco Rubio-Ramirez and Jules H. van Binsbergen
University of Pennsylvania - Department of Economics, University of Chicago - Booth School of Business, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - The Wharton School
Downloads 4 (701,745)
Citation 5
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DSGE models, Epstein-Zin Preferences, Likelihood Estimation

2.

Was Malthus Right? Economic Growth and Population Dynamics

PIER Working Paper No. 01-046
Number of pages: 45 Posted: 16 Dec 2001
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 914 (27,118)
Citation 47

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3.

From Shame to Game in One Hundred Years: An Economic Model of the Rise in Premarital Sex and its De-Stigmatization

Downloads 516 ( 58,315)
Citation 13

From Shame to Game in One Hundred Years: An Economic Model of the Rise in Premarital Sex and its De-Stigmatization

Journal of the European Economic Association, Forthcoming
Number of pages: 57 Posted: 11 Dec 2008 Last Revised: 07 Mar 2013
Jesús Fernández-Villaverde, Jeremy Greenwood and Nezih Guner
University of Pennsylvania - Department of Economics, University of Pennsylvania - Department of Economics and Universidad Carlos III de Madrid
Downloads 474 (64,199)

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Add Health, contraception, culture, peer group effects, premarital sex, shame, socialization, stigma, technological progress

From Shame to Game in One Hundred Years: An Economic Model of the Rise in Premarital Sex and its De-Stigmatization

IZA Discussion Paper No. 4708
Number of pages: 50 Posted: 01 Feb 2010
Jesús Fernández-Villaverde, Jeremy Greenwood and Nezih Guner
University of Pennsylvania - Department of Economics, University of Pennsylvania - Department of Economics and Universidad Carlos III de Madrid
Downloads 28 (529,461)
Citation 4

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children, church and state, contraception, culture, parents, premarital sex, out-of-wedlock births, socialization, stigmatization, technological progress

From Shame to Game in One Hundred Years: An Economic Model of the Rise in Premarital Sex and its De-Stigmatization

NBER Working Paper No. w15677
Number of pages: 59 Posted: 25 Jan 2010
Jesús Fernández-Villaverde, Jeremy Greenwood and Nezih Guner
University of Pennsylvania - Department of Economics, University of Pennsylvania - Department of Economics and ICREA-MOVE
Downloads 14 (625,108)

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4.

Can We Really Observe Hyperbolic Discounting?

PIER Working Paper No. 02-008
Number of pages: 24 Posted: 17 Apr 2002
Jesús Fernández-Villaverde and Arijit Mukherji
University of Pennsylvania - Department of Economics and Deceased
Downloads 433 (72,385)
Citation 16

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5.

The Econometrics of DSGE Models

Downloads 380 ( 84,351)
Citation 46

The Econometrics of DSGE Models

PIER Working Paper No. 09-008
Number of pages: 58 Posted: 19 Feb 2009
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 281 (117,318)
Citation 2

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DSGE Models, Likelihood Estimation, Bayesian Methods

The Econometrics of DSGE Models

NBER Working Paper No. w14677
Number of pages: 58 Posted: 25 Jan 2009 Last Revised: 03 Nov 2010
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 96 (296,714)

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The Econometrics of DSGE Models

CEPR Discussion Paper No. DP7157
Number of pages: 59 Posted: 18 Feb 2009
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 3 (710,777)
Citation 15
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Bayesian Methods, DSGE Models, Likelihood Estimation

6.

A, B, C's (and D'S) for Understanding Vars

PIER Working Paper No. 05-018; FRB of Atlanta Working Paper No. 2005-9
Number of pages: 49 Posted: 04 May 2005
Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Thomas J. Sargent
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and New York University (NYU) - Department of Economics, Leonard N. Stern School of Business
Downloads 330 (99,025)
Citation 49

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VARs , Invertibility, Estimation of Dynamic Equilibrium Models, economic shocks, innovations

7.

Consumption Over the Life Cycle: Some Facts from Consumer Expenditure Survey Data

PIER Working Paper No. 02-044
Number of pages: 60 Posted: 02 Dec 2002
Jesús Fernández-Villaverde and Dirk Krueger
University of Pennsylvania - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 318 (103,255)
Citation 13

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Consumption, Life Cycle Profiles, Durables, Nonparametric Estimation, Bootstrap, Partially Linear Models

8.

Can Currency Competition Work?

Downloads 241 (138,083)
Citation 13

Can Currency Competition Work?

PIER Working Paper No. 16-008
Number of pages: 44 Posted: 09 Apr 2016
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 219 (151,168)

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Private money, currency competition, cryptocurrencies, monetary policy

Can Currency Competition Work?

NBER Working Paper No. w22157
Number of pages: 44 Posted: 11 Apr 2016
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 21 (575,304)

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Can Currency Competition Work?

CEPR Discussion Paper No. DP11095
Number of pages: 46 Posted: 18 Apr 2016
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 1 (736,354)
Citation 11
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cryptocurrencies, currency competition, Monetary policy, Private money

9.

Some Results on the Solution of the Neoclassical Growth Model

Downloads 240 (138,649)
Citation 1

Some Results on the Solution of the Neoclassical Growth Model

PIER Working Paper No. 04-002
Number of pages: 27 Posted: 12 Jan 2004
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 125 (245,670)
Citation 1

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Dynamic Equilibrium Economies, Computational Methods, Changes

Some Results on the Solution of the Neoclassical Growth Model

FRB of Atlanta Working Paper No. 2003-34
Number of pages: 26 Posted: 25 Jan 2004
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 115 (261,496)
Citation 1

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Dynamic equilibrium economies, computational methods, changes of variables, linear and nonlinear solution methods

10.

Comparing Solution Methods for Dynamic Equilibrium Economies

Downloads 227 (146,359)
Citation 63

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 (263,149)
Citation 6

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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 113 (264,851)
Citation 72

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

11.

Tapping the Supercomputer Under Your Desk: Solving Dynamic Equilibrium Models with Graphics Processors

Downloads 226 (146,999)
Citation 5

Tapping the Supercomputer Under Your Desk: Solving Dynamic Equilibrium Models with Graphics Processors

Economic Research Initiatives at Duke Working Paper No. 86
Number of pages: 17 Posted: 15 Dec 2010
Eric M. Aldrich, Jesús Fernández-Villaverde, A. Ronald Gallant and Juan Francisco Rubio-Ramirez
University of California, Santa Cruz, University of Pennsylvania - Department of Economics, Duke University and Federal Reserve Bank of Atlanta - Research Department
Downloads 194 (169,489)
Citation 6

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CUDA, Dynamic Programming, Parallelization, Growth Model, Business Cycles

Tapping the Supercomputer Under Your Desk: Solving Dynamic Equilibrium Models with Graphics Processors

NBER Working Paper No. w15909
Number of pages: 13 Posted: 19 Apr 2010
Eric M. Aldrich, Jesús Fernández-Villaverde, A. Ronald Gallant and Juan Francisco Rubio-Ramirez
University of California, Santa Cruz, University of Pennsylvania - Department of Economics, Duke University and Federal Reserve Bank of Atlanta - Research Department
Downloads 32 (506,844)

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12.

On the Economics of Digital Currencies

FRB of Philadelphia Working Paper No. 18-7
Number of pages: 43 Posted: 07 Feb 2018 Last Revised: 29 Apr 2020
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 211 (156,861)
Citation 2

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Currency competition, cryptocurrencies, monetary policy

13.

Solution and Estimation Methods for DSGE Models

Downloads 203 (162,664)
Citation 33

Solution and Estimation Methods for DSGE Models

Handbook of Macroeconomics, Volume 2, Forthcoming
Number of pages: 245 Posted: 08 Jan 2016
Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Frank Schorfheide
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - Department of Economics
Downloads 172 (188,882)
Citation 2

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approximation error analysis, Bayesian inference, DSGE model, frequentist inference, GMM estimation, impulse response function matching, likelihood-based inference, Metropolis-Hastings algorithm, minimum distance estimation, particle filter, perturbation methods, projection methods, sequential Monte

Solution and Estimation Methods for DSGE Models

NBER Working Paper No. w21862
Number of pages: 244 Posted: 12 Jan 2016
Jesús Fernández-Villaverde, Juan Rubio Ramírez and Frank Schorfheide
University of Pennsylvania - Department of Economics, Emory University and University of Pennsylvania - Department of Economics
Downloads 31 (512,175)
Citation 12

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Solution and Estimation Methods for DSGE Models

CEPR Discussion Paper No. DP11032
Number of pages: 245 Posted: 12 Jan 2016
Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Frank Schorfheide
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - Department of Economics
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approximation error analysis, Bayesian inference, DSGE model, frequentist inference, GMM estimation, impulse response function matching, likelihood-based inference, Metropolis-Hastings algorithm, minimum distance estimation, particle filter, perturbation methods, projection methods, sequential Monte Carlo

14.

Estimating Nonlinear Dynamic Equilibrium Economies: A Likelihood Approach

Downloads 203 (162,664)
Citation 10

Estimating Nonlinear Dynamic Equilibrium Economies: A Likelihood Approach

PIER Working Paper No. 04-001
Number of pages: 56 Posted: 12 Jan 2004
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 148 (214,779)
Citation 11

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Likelihood-Based Inference, Dynamic Equilibrium Economies, Nonlinear Filtering, Sequential Monte Carlo

Estimating Nonlinear Dynamic Equilibrium Economies: A Likelihood Approach

FRB of Atlanta Working Paper No. 2004-1
Number of pages: 56 Posted: 16 Feb 2004
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 55 (407,923)
Citation 17

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dynamic equilibrium economies, likelihood function, nonlinear solution methods

15.

Evaluating Labor Market Reforms: A General Equilibrium Approach

Downloads 166 (194,640)

Evaluating Labor Market Reforms: A General Equilibrium Approach

PIER Working Paper No. 04-016; IZA Discussion Paper No. 1129
Number of pages: 45 Posted: 29 Apr 2004
Cesar Alonso-Borrego, Jesús Fernández-Villaverde and Jose E. Galdon-Sanchez
Universidad Carlos III de Madrid - Department of Economics, University of Pennsylvania - Department of Economics and Universidad Publica de Navarra
Downloads 133 (234,236)

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Fixed-term contracts, Firing costs, General equilibrium, Heterogeneous agents

Evaluating Labor Market Reforms: A General Equilibrium Approach

NBER Working Paper No. w11519
Number of pages: 53 Posted: 14 Sep 2005 Last Revised: 24 Jun 2010
Cesar Alonso-Borrego, Jesús Fernández-Villaverde and Jose E. Galdon-Sanchez
Universidad Carlos III de Madrid - Department of Economics, University of Pennsylvania - Department of Economics and Universidad Publica de Navarra
Downloads 33 (501,581)

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16.

Magna Carta, the Rule of Law, and the Limits on Government

PIER Working Paper No. 15-035
Number of pages: 38 Posted: 19 Oct 2015 Last Revised: 21 Oct 2015
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 155 (206,231)

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Rule of Law, Magna Carta, Legal Theory, Limited Government

17.

Fiscal Volatility Shocks and Economic Activity

Downloads 144 (219,133)
Citation 55

Fiscal Volatility Shocks and Economic Activity

FRB of Philadelphia Working Paper No. 11-32
Number of pages: 53 Posted: 11 Aug 2011
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Keith Kuester and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 65 (374,706)
Citation 25

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DSGE models, Uncertainty, Fiscal Policy, Monetary Policy

Fiscal Volatility Shocks and Economic Activity

PIER Working Paper No. 11-022
Number of pages: 47 Posted: 12 Aug 2011
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Keith Kuester and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 58 (397,409)
Citation 36

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DSGE models, Uncertainty, Fiscal Policy, Monetary Policy

Fiscal Volatility Shocks and Economic Activity

NBER Working Paper No. w17317
Number of pages: 47 Posted: 29 Aug 2011
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Keith Kuester and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 21 (575,304)

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18.

Safe Assets

Downloads 69 (220,365)
Citation 9

Safe Assets

PIER Working Paper No. 17-008
Number of pages: 37 Posted: 16 May 2017
Robert J. Barro, Jesús Fernández-Villaverde, Oren Levintal and Andrew Mollerus
Harvard University - Department of Economics, University of Pennsylvania - Department of Economics, Interdisciplinary Center (IDC) Herzliyah and Harvard University
Downloads 69 (362,761)
Citation 1

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Safe Assets, Risk Premium, Risk-Free Rate, Heterogeneous Agents

Safe Assets

CEPR Discussion Paper No. DP12043
Number of pages: 51 Posted: 15 May 2017
Robert J. Barro, Jesús Fernández-Villaverde, Oren Levintal and Andrew Mollerus
Harvard University - Department of Economics, University of Pennsylvania - Department of Economics, Interdisciplinary Center (IDC) Herzliyah and Harvard University
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Citation 3
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19.

Reading the Recent Monetary History of the U.S., 1959-2007

Downloads 140 (224,165)
Citation 3

Reading the Recent Monetary History of the U.S., 1959-2007

PIER Working Paper No. 10-016
Number of pages: 41 Posted: 18 Apr 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 71 (357,090)

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DSGE models, Stochastic volatility, Parameter drifting, Bayesian methods

Reading the Recent Monetary History of the U.S., 1959-2007

FRB of Philadelphia Working Paper No. 10-15
Number of pages: 41 Posted: 06 May 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 34 (496,375)

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DSGE models, Stochastic volatility, Parameter drifting, Bayesian methods

Reading the Recent Monetary History of the U.S., 1959-2007

NBER Working Paper No. w15929
Number of pages: 40 Posted: 26 Apr 2010 Last Revised: 12 Jul 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 32 (506,844)

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Reading the Recent Monetary History of the U.S., 1959-2007

CEPR Discussion Paper No. DP7812
Number of pages: 42 Posted: 19 May 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 3 (710,777)
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Bayesian methods, DSGE models, Parameter drifting, Stochastic volatility

20.

Comparing Dynamic Equilibrium Models to Data

PIER Working Paper No. 01-037
Number of pages: 32 Posted: 01 Nov 2001
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 137 (228,001)
Citation 10

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21.

Central Bank Digital Currency: Central Banking For All?

Downloads 135 (230,668)
Citation 2

Central Bank Digital Currency: Central Banking For All?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-04
Number of pages: 34 Posted: 27 Jan 2020
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 124 (247,120)
Citation 2

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central bank digital currency, central banking, intermediation, maturity transformation, bank runs, lender of last resort

Central Bank Digital Currency: Central Banking for All?

NBER Working Paper No. w26753
Number of pages: 34 Posted: 18 Feb 2020
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 10 (655,111)
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Central Bank Digital Currency: Central Banking for All?

CEPR Discussion Paper No. DP14337
Number of pages: 36 Posted: 29 Jan 2020
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Marlene Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Paris-Saclay - Ecole Polytechnique and University of Chicago - Department of Economics
Downloads 1 (736,354)
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bank runs, Central bank digital currency, central banking, intermediation, lender of last resort, maturity transformation

22.

Risk Matters: The Real Effects of Volatility Shocks

Downloads 129 (239,030)
Citation 157

Risk Matters: The Real Effects of Volatility Shocks

PIER Working Paper No. 09-013
Number of pages: 56 Posted: 06 Apr 2009
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Juan Francisco Rubio-Ramirez and Martín Uribe
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Atlanta - Research Department and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 99 (290,718)
Citation 1

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Small Open Economy, DSGE Models, Stochastic Volatility

Risk Matters: The Real Effects of Volatility Shocks

NBER Working Paper No. w14875
Number of pages: 55 Posted: 13 Apr 2009 Last Revised: 25 Aug 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Juan Francisco Rubio-Ramirez and Martín Uribe
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Atlanta - Research Department and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 29 (523,528)

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Risk Matters: The Real Effects of Volatility Shocks

CEPR Discussion Paper No. DP7264
Number of pages: 57 Posted: 19 May 2009
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana, Juan Francisco Rubio-Ramirez and Martín Uribe
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Bank of Atlanta - Research Department and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 1 (736,354)
Citation 41
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DSGE Models, Small Open Economy, Stochastic Volatility

23.

Cryptocurrencies: A Crash Course in Digital Monetary Economics

Downloads 127 (241,853)

Cryptocurrencies: A Crash Course in Digital Monetary Economics

PIER Working Paper No. 18-023
Number of pages: 24 Posted: 24 Sep 2018
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 126 (244,189)

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Private money, currency competition, cryptocurrencies, monetary policy

Cryptocurrencies: A Crash Course in Digital Monetary Economics

Australian Economic Review, Vol. 51, Issue 4, pp. 514-526, 2018
Number of pages: 13 Posted: 30 Nov 2018
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 1 (736,354)
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24.

Estimating Dynamic Equilibrium Economies: Linear Versus Nonlinear Likelihood

PIER Working Paper No. 04-005; FRB of Atlanta Working Paper No. 2004-3
Number of pages: 37 Posted: 04 Feb 2004
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 121 (250,789)
Citation 31

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Likelihood-Based Inference, Dynamic Equilibrium Economies, Nonlinear Filtering, Kalman Filter, Sequential Monte Carlo

25.

Computing DSGE Models with Recursive Preferences

Downloads 104 (279,391)
Citation 1

Computing DSGE Models with Recursive Preferences

PIER Working Paper No. 09-018
Number of pages: 41 Posted: 27 May 2009
Dario Caldara, Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Wen Yao
Federal Reserve Board - Trade and Financial Studies Section, University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - Department of Economics
Downloads 69 (362,761)
Citation 1

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DSGE Models, Recursive Preferences, Perturbation

Computing DSGE Models with Recursive Preferences

NBER Working Paper No. w15026
Number of pages: 41 Posted: 03 Jun 2009 Last Revised: 24 Jul 2010
Dario Caldara, Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Wen Yao
Federal Reserve Board - Trade and Financial Studies Section, University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - Department of Economics
Downloads 31 (512,175)

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Computing DSGE Models with Recursive Preferences

CEPR Discussion Paper No. DP7312
Number of pages: 43 Posted: 15 Jul 2009
Dario Caldara, Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Wen Yao
Federal Reserve Board - Trade and Financial Studies Section, University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - Department of Economics
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DSGE models, perturbation, recursive preferences

26.

MEDEA: A DSGE Model for the Spanish Economy

Downloads 97 (292,620)
Citation 12

MEDEA: A DSGE Model for the Spanish Economy

PIER Working Paper No. 09-017
Number of pages: 72 Posted: 06 May 2009
Pablo Burriel, Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
Banco de España, University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 96 (296,714)
Citation 6

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DSGE Models, Likelihood Estimation, Bayesian Methods

MEDEA: A DSGE Model for the Spanish Economy

CEPR Discussion Paper No. DP7297
Number of pages: 73 Posted: 15 Jul 2009
Pablo Burriel, Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
Banco de España, University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 1 (736,354)
Citation 2
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Bayesian Methods, DSGE Models, Likelihood Estimation

27.

Convergence Properties of the Likelihood of Computed Dynamic Models

Downloads 90 (306,753)
Citation 30

Convergence Properties of the Likelihood of Computed Dynamic Models

PIER Working Paper No. 04-034; FRB Atlatnta Working Paper No. 2004-27
Number of pages: 52 Posted: 03 Sep 2004
Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Manuel Santos
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and Arizona State University (ASU) - Economics Department
Downloads 61 (387,343)
Citation 2

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computed dynamic models, likelihood inference, asymptotic properties

Convergence Properties of the Likelihood of Computed Dynamic Models

NBER Working Paper No. t0315
Number of pages: 53 Posted: 24 Jan 2007 Last Revised: 12 Mar 2010
Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Manuel Santos
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and Arizona State University (ASU) - Economics Department
Downloads 29 (523,528)
Citation 5

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28.

The Economic Consequences of Labor Market Reglations

PIER Working Paper No. 16-027
Number of pages: 21 Posted: 22 Mar 2017
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 85 (318,059)
Citation 1

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Labor market regulations, minimum wages, job creation and job destruction

29.

Optimal Capital Versus Labor Taxation with Innovation-Led Growth

Downloads 76 (339,847)
Citation 3

Optimal Capital Versus Labor Taxation with Innovation-Led Growth

PIER Working Paper No. 13-025
Number of pages: 45 Posted: 01 Jun 2013
Philippe Aghion, Ufuk Akcigit and Jesús Fernández-Villaverde
College de France and London School of Economics and Political Science, Fellow, University of Chicago - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 60 (390,630)

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Capital tax, labor tax, optimal taxation, innovation, R&D, growth

Optimal Capital Versus Labor Taxation with Innovation-Led Growth

NBER Working Paper No. w19086
Number of pages: 45 Posted: 31 May 2013 Last Revised: 06 Aug 2014
Philippe Aghion, Ufuk Akcigit and Jesús Fernández-Villaverde
College de France and London School of Economics and Political Science, Fellow, University of Chicago - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 16 (610,390)
Citation 1

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30.

Comparing Dynamic Equilibrium Economies to Data

FRB of Atlanta Working Paper No. 2001-23
Number of pages: 32 Posted: 06 Dec 2001
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 75 (342,466)
Citation 2

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Bayesian inference, asymptotics, cattle cycle

31.

Fortune or Virtue: Time-Variant Volatilities Versus Parameter Drifting in U.S. Data

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Citation 9

Fortune or Virtue: Time-Variant Volatilities Versus Parameter Drifting in U.S. Data

PIER Working Paper No. 10-015
Number of pages: 73 Posted: 18 Apr 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
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DSGE models, Stochastic volatility, Parameter drifting, Bayesian methods

Fortune or Virtue: Time-Variant Volatilities Versus Parameter Drifting in U.S. Data

FRB of Philadelphia Working Paper No. 10-14
Number of pages: 73 Posted: 06 May 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
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DSGE models, Stochastic volatility, Parameter drifting, Bayesian methods

Fortune or Virtue: Time-Variant Volatilities Versus Parameter Drifting in U.S. Data

NBER Working Paper No. w15928
Number of pages: 72 Posted: 26 Apr 2010 Last Revised: 11 Jul 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 14 (625,108)

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Fortune or Virtue: Time-Variant Volatilities Versus Parameter Drifting in U.S. Data

CEPR Discussion Paper No. DP7813
Number of pages: 74 Posted: 19 May 2010
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
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Citation 1
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Bayesian methods, DSGE models, Parameter drifting, Stochastic volatility

32.

Institutions and Political Party Systems: The Euro Case

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Citation 2

Institutions and Political Party Systems: The Euro Case

PIER Working Paper No. 17-014
Number of pages: 28 Posted: 14 Jul 2017
Jesús Fernández-Villaverde and Tano Santos
University of Pennsylvania - Department of Economics and Columbia Business School
Downloads 62 (384,137)

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Federalism, Political Institutions, Party Systems, Euro

Institutions and Political Party Systems: The Euro Case

NBER Working Paper No. w23599
Number of pages: 28 Posted: 25 Jul 2017
Jesús Fernández-Villaverde and Tano Santos
University of Pennsylvania - Department of Economics and Columbia Business School
Downloads 8 (670,368)
Citation 1

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Institutions and Political Party Systems: The Euro Case

CEPR Discussion Paper No. DP12131
Number of pages: 30 Posted: 10 Jul 2017
Jesús Fernández-Villaverde and Tano Santos
University of Pennsylvania - Department of Economics and Columbia Business School
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euro, Federalism, Party Systems, Political Institutions

33.

Nonlinear Adventures at the Zero Lower Bound

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Citation 48

Nonlinear Adventures at the Zero Lower Bound

FRB of Philadelphia Working Paper No. 12-10
Number of pages: 47 Posted: 08 May 2012
Jesús Fernández-Villaverde, Grey Gordon, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Indiana University, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 48 (434,004)
Citation 1

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Zero lower bound, New Keynesian models, Nonlinear solution methods

Nonlinear Adventures at the Zero Lower Bound

NBER Working Paper No. w18058
Number of pages: 46 Posted: 12 May 2012
Jesús Fernández-Villaverde, Grey Gordon, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Indiana University, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 20 (582,110)
Citation 15

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34.

On the Solution of the Growth Model with Investment-Specific Technological Change

FRB of Atlanta Working Paper No. 2004-39
Number of pages: 11 Posted: 11 Feb 2005
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 67 (364,257)

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Growth model with investment-specific technological change, closed-form solution, long-run growth, business cycle fluctuations

35.

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 64 (372,887)
Citation 1

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36.

Tapping the Supercomputer Under Your Desk: Solving Dynamic Equilibrium Models With Graphics Processors

PIER Working Paper No. 10-014
Number of pages: 13 Posted: 12 Apr 2010
Eric M. Aldrich, Jesús Fernández-Villaverde, A. Ronald Gallant and Juan Francisco Rubio-Ramirez
University of California, Santa Cruz, University of Pennsylvania - Department of Economics, Duke University - Fuqua School of Business, Economics Group and Federal Reserve Bank of Atlanta - Research Department
Downloads 64 (372,887)
Citation 2

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GPU computing, Dynamic Equilibrium models

37.

Computing DSGE Models with Recursive Preferences and Stochastic Volatility

FEDS Working Paper No. 2012-04
Number of pages: 44 Posted: 01 Feb 2012
Dario Caldara, Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Wen Yao
Federal Reserve Board - Trade and Financial Studies Section, University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and University of Pennsylvania - Department of Economics
Downloads 62 (379,028)
Citation 22

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DSGE models, recursive preferences, perturbation

38.

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

PIER Working Paper No. 18-024
Number of pages: 31 Posted: 24 Sep 2018
Jesús Fernández-Villaverde and Lee E. Ohanian
University of Pennsylvania - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 55 (401,707)
Citation 1

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Productivity growth, Europe's economic performance, economic policy

39.

A, B, C's (and D)'s for Understanding Vars

NBER Working Paper No. t0308
Number of pages: 49 Posted: 06 Jul 2005
Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Thomas J. Sargent
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and New York University (NYU) - Department of Economics, Leonard N. Stern School of Business
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40.

Estimating and Simulating a Sird Model of Covid-19 for Many Countries, States, and Cities

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Citation 4

Estimating and Simulating a Sird Model of Covid-19 for Many Countries, States, and Cities

NBER Working Paper No. w27128
Number of pages: 60 Posted: 12 May 2020 Last Revised: 20 May 2020
Jesús Fernández-Villaverde and Charles I. Jones
University of Pennsylvania - Department of Economics and Stanford Graduate School of Business
Downloads 52 (418,778)
Citation 1

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Estimating and Simulating a Sird Model of Covid-19 for Many Countries, States, and Cities

CEPR Discussion Paper No. DP14711
Number of pages: 47 Posted: 08 May 2020
Jesús Fernández-Villaverde and Charles M. Jones
University of Pennsylvania - Department of Economics and Columbia Business School
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COVID-19, estimation, SIRD model

41.

Consumption Over the Life Cycle: Facts from Consumer Expenditure Survey Data

NBER Working Paper No. w9382
Number of pages: 60 Posted: 14 Dec 2002 Last Revised: 31 Oct 2010
Jesús Fernández-Villaverde and Dirk Krueger
University of Pennsylvania - Department of Economics and University of Pennsylvania - Department of Economics
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Citation 10

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42.

Estimating Macroeconomic Models: A Likelihood Approach

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Citation 116

Estimating Macroeconomic Models: A Likelihood Approach

NBER Working Paper No. t0321
Number of pages: 55 Posted: 27 Apr 2006
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 29 (523,528)
Citation 5

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Estimating Macroeconomic Models: A Likelihood Approach

CEPR Discussion Paper No. 5513
Number of pages: 56 Posted: 06 Jun 2006
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 22 (568,517)
Citation 15
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Dynamic macroeconomic models, particle filtering, nonlinear and/or non-normal models, business cycle, stochastic volatility

43.

Supply-Side Policies and the Zero Lower Bound

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Citation 9

Supply-Side Policies and the Zero Lower Bound

FRB of Philadelphia Working Paper No. 11-47
Number of pages: 31 Posted: 28 Oct 2011
Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Pablo Guerrón-Quintana
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 27 (535,470)

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Zero lower bound, supply-side policies, New Keynesian models

Supply-Side Policies and the Zero Lower Bound

NBER Working Paper No. w17543
Number of pages: 31 Posted: 29 Oct 2011 Last Revised: 01 Nov 2011
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 19 (589,204)

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Supply-Side Policies and the Zero Lower Bound

CEPR Discussion Paper No. DP8642
Number of pages: 33 Posted: 24 Nov 2011
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
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Citation 3
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New Keynesian models, supply-side policies, zero lower bound

44.

Macroeconomics and Volatility: Data, Models, and Estimation

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Citation 20

Macroeconomics and Volatility: Data, Models, and Estimation

NBER Working Paper No. w16618
Number of pages: 46 Posted: 18 Dec 2010
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 45 (446,120)

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Macroeconomics and Volatility: Data, Models, and Estimation

CEPR Discussion Paper No. DP8169
Number of pages: 48 Posted: 18 Jan 2011
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 2 (722,035)
Citation 5
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Bayesian methods, DSGE models, Stochastic volatility

45.

Central Bank Digital Currency: When Price and Bank Stability Collide

Number of pages: 24 Posted: 15 Jun 2020
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 39 (462,410)

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Central banking, bank runs, intermediation

46.

Simple Rules for a Complex World with Artificial Intelligence

PIER Working Paper No. 20-010
Number of pages: 20 Posted: 24 Mar 2020
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 39 (462,410)
Citation 1

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Artificial intelligence, machine learning, economics, law, rule of law

47.

Can Currency Competition Work?

FRB of Philadelphia Working Paper No. 16-12
Number of pages: 44 Posted: 27 Apr 2016
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 39 (462,410)

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Private money, Currency competition, Cryptocurrencies, Monetary policy

48.

Estimating Dynamic Equilibrium Models with Stochastic Volatility

Downloads 38 (466,644)
Citation 20

Estimating Dynamic Equilibrium Models with Stochastic Volatility

FRB of Philadelphia Working Paper No. 13-19
Number of pages: 72 Posted: 13 May 2013
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 24 (554,967)
Citation 1

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Dynamic equilibrium models, Stochastic volatility, Parameter drifting, Bayesian methods

Estimating Dynamic Equilibrium Models with Stochastic Volatility

NBER Working Paper No. w18399
Number of pages: 71 Posted: 15 Sep 2012
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 12 (640,208)

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Estimating Dynamic Equilibrium Models with Stochastic Volatility

CEPR Discussion Paper No. DP9130
Number of pages: 73 Posted: 28 Sep 2012
Jesús Fernández-Villaverde, Pablo Guerrón-Quintana and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
Downloads 2 (722,035)
Citation 12
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Bayesian methods., Dynamic equilibrium models, Parameter drifting, Stochastic volatility

49.

Political Distribution Risk and Aggregate Fluctuations

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Political Distribution Risk and Aggregate Fluctuations

PIER Working Paper No. 17-016
Number of pages: 110 Posted: 28 Jul 2017
Thorsten Drautzburg, Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 17 (603,465)

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Political redistribution risk, bargaining shocks, aggregate fluctuations, partial fil-ter, historical narrative

Political Distribution Risk and Aggregate Fluctuations

FRB of Philadelphia Working Paper No. 17-25
Number of pages: 53 Posted: 07 Sep 2017
Thorsten Drautzburg, Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 9 (662,711)

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Political redistribution risk, bargaining shocks, aggregate fluctuations, partial filter, historical narrative

Political Distribution Risk and Aggregate Fluctuations

NBER Working Paper No. w23647
Number of pages: 53 Posted: 11 Aug 2017
Thorsten Drautzburg, Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics and Boston College
Downloads 3 (710,777)

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Political Distribution Risk and Aggregate Fluctuations

CEPR Discussion Paper No. DP12187
Number of pages: 112 Posted: 04 Aug 2017
Thorsten Drautzburg, Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
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Aggregate fluctuations, bargaining shocks, historical narrative., partial filter, Political redistribution risk

50.

Financial Frictions and the Wealth Distribution

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Citation 1

Financial Frictions and the Wealth Distribution

PIER Working Paper No. 19-015, September 2019
Number of pages: 70 Posted: 18 Sep 2019
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuño
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 19 (589,204)

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heterogeneous agents; aggregate shocks; continuous-time; machine learning; neural networks; structural estimation; likelihood functions

Financial Frictions and the Wealth Distribution

Banco de Espana Working Paper No. 2013
Number of pages: 73 Posted: 02 Jun 2020
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuno
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 4 (701,745)

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heterogeneous agents, wealth distribution, financial frictions, continuoustime, machine learning, neural networks, structural estimation, likelihood function

Financial Frictions and the Wealth Distribution

NBER Working Paper No. w26302
Number of pages: 70 Posted: 23 Sep 2019
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuno
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 2 (722,035)
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Financial Frictions and the Wealth Distribution

CEPR Discussion Paper No. DP14002
Number of pages: 72 Posted: 07 Oct 2019
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuno
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
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Citation 1
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Aggregate shocks, continuous-time, Heterogeneous Agents, Machine Learning, structural estimation

51.

Comparing Dynamic Equilibrium Economies to Data: A Bayesian Approach

FRB Atlanta Working Paper Series No. 2001-23a
Number of pages: 51 Posted: 25 Jan 2015
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 25 (532,221)
Citation 10

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Bayesian inference, asymptotics, cattle cycle

52.

Political Credit Cycles: The Case of the Euro Zone

Downloads 24 (538,327)
Citation 40

Political Credit Cycles: The Case of the Euro Zone

NBER Working Paper No. w18899
Number of pages: 45 Posted: 22 Mar 2013
Jesús Fernández-Villaverde, Luis Garicano and Tano Santos
University of Pennsylvania - Department of Economics, IE Business School and Columbia Business School
Downloads 20 (582,110)

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Political Credit Cycles: The Case of the Euro Zone

CEPR Discussion Paper No. DP9404
Number of pages: 47 Posted: 03 Apr 2013
Jesús Fernández-Villaverde, Luis Garicano and Tano Santos
University of Pennsylvania - Department of Economics, IE Business School and Columbia Business School
Downloads 4 (701,745)
Citation 9
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bubbles, Euro crisis, Financial crisis, political economy

53.

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

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Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

FRB Atlanta Working Paper No. 2019-9
Number of pages: 78 Posted: 04 May 2019 Last Revised: 29 Apr 2020
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
Downloads 14 (625,108)

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aggregate fluctuations, strategic complementarities, macroeconomic volatility, government spending

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

PIER Working Paper No. 19-016 (2019)
Number of pages: 82 Posted: 18 Sep 2019
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
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aggregate fluctuations, strategic complementarities, macroeconomic volatility, government spending

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

NBER Working Paper No. w26210
Number of pages: 82 Posted: 03 Sep 2019
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
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Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

CEPR Discussion Paper No. DP13950
Number of pages: 84 Posted: 07 Oct 2019
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai University of Finance and Economics - School of Economics and University of Oxford
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Aggregate fluctuations, government spending, Macroeconomic volatility, strategic complementarities

54.

A Practical Guide to Parallelization in Economics

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Citation 1

A Practical Guide to Parallelization in Economics

NBER Working Paper No. w24561
Number of pages: 66 Posted: 02 May 2018
Jesús Fernández-Villaverde and David Zarruk-Valencia
University of Pennsylvania - Department of Economics and University of Pennsylvania
Downloads 18 (596,285)
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A Practical Guide to Parallelization in Economics

CEPR Discussion Paper No. DP12890
Number of pages: 68 Posted: 01 May 2018
Jesús Fernández-Villaverde and David Zarruk-Valencia
University of Pennsylvania - Department of Economics and University of Pennsylvania
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Citation 2
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Computational Methods, Parallel Computing, Programming Languages

55.

How Structural are Structural Parameters?

NBER Working Paper No. w13166
Number of pages: 50 Posted: 23 Jun 2012
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 17 (582,297)
Citation 3

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56.

The Pruned State-Space System for Non-Linear DSGE Models: Theory and Empirical Applications

NBER Working Paper No. w18983
Number of pages: 65 Posted: 20 Apr 2013
Martin M. Andreasen, Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
Aarhus University, University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 13 (608,527)
Citation 29

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57.

Uncertainty Shocks and Business Cycle Research

Downloads 10 (629,106)

Uncertainty Shocks and Business Cycle Research

NBER Working Paper No. w26768
Number of pages: 53 Posted: 24 Feb 2020
Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
University of Pennsylvania - Department of Economics and Boston College
Downloads 10 (655,111)
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Uncertainty Shocks and Business Cycle Research

CEPR Discussion Paper No. DP14398
Number of pages: 55 Posted: 03 Mar 2020
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
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business cycles, Financial Frictions, Uncertainty shocks

58.

Central Bank Digital Currency: Central Banking for All?

FRB of Philadelphia Working Paper No. 20-19
Number of pages: 34 Posted: 01 Jun 2020
Jesús Fernández-Villaverde, Daniel R. Sanches, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Ecole Polytechnique- CREST and University of Chicago - Department of Economics
Downloads 7 (650,097)

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central bank digital currency, central banking, intermediation, maturity transformation, bank runs, lender of last resort.

59.

Solution Methods for Models with Rare Disasters

Downloads 7 (650,097)
Citation 10

Solution Methods for Models with Rare Disasters

NBER Working Paper No. w21997
Number of pages: 38 Posted: 15 Feb 2016
Jesús Fernández-Villaverde and Oren Levintal
University of Pennsylvania - Department of Economics and Interdisciplinary Center (IDC) Herzliyah
Downloads 7 (677,938)
Citation 2

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Solution Methods for Models with Rare Disasters

CEPR Discussion Paper No. DP11115
Number of pages: 39 Posted: 17 Feb 2016
Jesús Fernández-Villaverde and Oren Levintal
University of Pennsylvania - Department of Economics and Interdisciplinary Center (IDC) Herzliyah
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Citation 4
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DSGE models, perturbation, rare disasters, Smolyak, solution methods, Taylor projection

60.

From Shame to Game in One Hundred Years: The Rise in Premarital Sex and its Destigmitization

CEPR Discussion Paper No. DP8667
Number of pages: 61 Posted: 24 Nov 2011
Jesús Fernández-Villaverde, Jeremy Greenwood and Nezih Guner
University of Pennsylvania - Department of Economics, University of Pennsylvania - Department of Economics and ICREA-MOVE
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Add Health, children, church and state, contraception, culture, out-of-wedlock births, parents, peer- group effects, premarital sex, shame, socialization, stigmatization, technological progress

61.

Deciphering the Macroeconomic Effects of Internal Devaluations in a Monetary Union

Downloads 3 (679,914)

Deciphering the Macroeconomic Effects of Internal Devaluations in a Monetary Union

Banco de Espana Working Paper No. 2016
Number of pages: 43 Posted: 08 Jun 2020
Javier Andrés, Oscar Arce, Jesús Fernández-Villaverde and Samuel Hurtado
University of Valencia - Department of Economics, Banco de España, University of Pennsylvania - Department of Economics and Banco de España
Downloads 2 (722,035)

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monetary union, internal devaluation, structural reforms, zero lower bound, policy sequencing

Deciphering the Macroeconomic Effects of Internal Devaluations in a Monetary Union

NBER Working Paper No. w27347
Number of pages: 38 Posted: 15 Jun 2020
Javier Andrés, Oscar Arce, Jesús Fernández-Villaverde and Samuel Hurtado
University of Valencia - Department of Economics, Banco de España, University of Pennsylvania - Department of Economics and Banco de España
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Deciphering the Macroeconomic Effects of Internal Devaluations in a Monetary Union

CEPR Discussion Paper No. DP14829
Number of pages: 40 Posted: 03 Jun 2020
Javier Andrés, Oscar Arce, Jesús Fernández-Villaverde and Samuel Hurtado
University of Valencia - Department of Economics, Banco de España, University of Pennsylvania - Department of Economics and Banco de España
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internal devaluation, monetary union, policy sequencing, Structural reforms, zero lower bound