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

SCHOLARLY PAPERS

103

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Top 4,313

in Total Papers Downloads

17,691

SSRN CITATIONS
Rank 271

SSRN RANKINGS

Top 271

in Total Papers Citations

2,966

CROSSREF CITATIONS

1,225

Scholarly Papers (103)

1.

Was Malthus Right? Economic Growth and Population Dynamics

Number of pages: 45 Posted: 16 Dec 2001
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 1,698 (21,009)
Citation 48

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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
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 1,204 (34,349)
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 Last Revised: 03 Jun 2023
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 112 (482,405)

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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
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 (1,234,494)
Citation 6
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DSGE models, Epstein-Zin Preferences, Likelihood Estimation

Central Bank Digital Currency: When Price and Bank Stability Collide

Number of pages: 48 Posted: 15 Jun 2020 Last Revised: 06 Dec 2021
Linda Schilling, Jesús Fernández-Villaverde and Harald Uhlig
Washington University in Saint Louis, John M. Olin Business School, University of Pennsylvania - Department of Economics and University of Chicago - Department of Economics
Downloads 700 (72,682)
Citation 16

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currency crises, monetary policy, bank runs, financial intermediation, central bank digital currency, inflation targeting

Central Bank Digital Currency: When Price and Bank Stability Collide

ECB Working Paper No. 2024/2888
Number of pages: 55 Posted: 16 Jan 2024
Jesús Fernández-Villaverde, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 250 (239,383)
Citation 1

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bank runs, CBDC, central bank digital currency, currency crises, financial intermediation, inflation targeting, monetary policy, spending runs

Central Bank Digital Currency: When Price and Bank Stability Collide

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-180
Number of pages: 47 Posted: 17 Dec 2020
Linda Schilling, Jesús Fernández-Villaverde and Harald Uhlig
Washington University in Saint Louis, John M. Olin Business School, University of Pennsylvania - Department of Economics and University of Chicago - Department of Economics
Downloads 121 (454,452)
Citation 2

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central bank digital currency, monetary policy, bank runs, financial inter- mediation, inflation targeting, CBDC trilemma

Central Bank Digital Currency: When Price and Bank Stability Collide

CESifo Working Paper No. 8773
Number of pages: 48 Posted: 28 Dec 2020
Linda Schilling, Jesús Fernández-Villaverde and Harald Uhlig
Washington University in Saint Louis, John M. Olin Business School, University of Pennsylvania - Department of Economics and University of Chicago - Department of Economics
Downloads 79 (610,192)

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Central Bank Digital Currency: When Price and Bank Stability Collide

NBER Working Paper No. w28237
Number of pages: 47 Posted: 21 Dec 2020 Last Revised: 26 Feb 2023
Linda Schilling, Jesús Fernández-Villaverde and Harald Uhlig
Washington University in Saint Louis, John M. Olin Business School, University of Pennsylvania - Department of Economics and University of Chicago - Department of Economics
Downloads 33 (903,987)
Citation 4

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Central Bank Digital Currency: When Price and Bank Stability Collide

CEPR Discussion Paper No. DP15555
Number of pages: 49 Posted: 23 Dec 2020
Jesús Fernández-Villaverde, Linda Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 1 (1,276,608)
Citation 13
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4.
Downloads 720 (71,174)
Citation 8

The Fractured-Land Hypothesis

Number of pages: 82 Posted: 28 Oct 2020 Last Revised: 28 Aug 2022
Jesús Fernández-Villaverde, Mark Koyama, Youhong Lin and Tuan-Hwee Sng
University of Pennsylvania - Department of Economics, George Mason University - Department of Economics, Xiamen University - School of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 449 (126,466)

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China, Europe, Great Divergence, State Capacity, Political Fragmentation, Political Centralization

The Fractured-Land Hypothesis

NBER Working Paper No. w27774
Number of pages: 95 Posted: 11 Sep 2020 Last Revised: 22 May 2023
Jesús Fernández-Villaverde, Mark Koyama, Youhong Lin and Tuan-Hwee Sng
University of Pennsylvania - Department of Economics, George Mason University - Department of Economics, Xiamen University - School of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 268 (223,224)

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The Fractured-Land Hypothesis

CEPR Discussion Paper No. DP15209
Number of pages: 66 Posted: 12 Sep 2020
Jesús Fernández-Villaverde, Mark Koyama, Youhong Lin and Tuan-Hwee Sng
University of Pennsylvania - Department of Economics, George Mason University - Department of Economics, Xiamen University - School of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 3 (1,247,995)
Citation 7
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China, Europe, Great Divergence, Political Centralization, Political Fragmentation, state capacity

5.

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 708 (72,742)
Citation 1

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Currency competition, cryptocurrencies, monetary policy

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, Economie d’Avant Garde Research Report No. 16
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 Charles III University of Madrid
Downloads 513 (107,790)

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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 Charles III University of Madrid
Downloads 51 (763,324)
Citation 1

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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 Last Revised: 04 May 2023
Jesús Fernández-Villaverde, Jeremy Greenwood and Nezih Guner
University of Pennsylvania - Department of Economics, University of Pennsylvania - Department of Economics and ICREA-MOVE
Downloads 37 (868,590)

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Central Bank Digital Currency: Central Banking For All?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-04
Number of pages: 36 Posted: 27 Jan 2020 Last Revised: 28 Dec 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, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 432 (132,365)
Citation 3

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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?

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, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 109 (492,362)

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

Central Bank Digital Currency: Central Banking for All?

NBER Working Paper No. w26753
Number of pages: 34 Posted: 18 Feb 2020 Last Revised: 06 Feb 2022
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, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 37 (868,590)

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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 Schilling and Harald Uhlig
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Washington University in Saint Louis, John M. Olin Business School and University of Chicago - Department of Economics
Downloads 2 (1,261,787)
Citation 59
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bank runs, Central bank digital currency, central banking, intermediation, lender of last resort, maturity transformation

8.

Can We Really Observe Hyperbolic Discounting?

Number of pages: 24 Posted: 17 Apr 2002
Jesús Fernández-Villaverde and Arijit Mukherji
University of Pennsylvania - Department of Economics and affiliation not provided to SSRN (deceased)
Downloads 555 (99,034)
Citation 15

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The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Evidence and Theory

CESifo Working Paper No. 10930
Number of pages: 175 Posted: 13 Feb 2024
Xiwen Bai, Jesús Fernández-Villaverde, Yiliang Li and Francesco Zanetti
Tsinghua University, University of Pennsylvania - Department of Economics, University of International Business and Economics and University of Oxford
Downloads 502 (110,933)

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supply chain disruptions, search-and-matching in the goods market, SVAR, state-dependence of monetary policy

The Causal Effects of Global Supply Chain Disruptions on Macroeconomic Outcomes: Evidence and Theory

NBER Working Paper No. w32098
Number of pages: 173 Posted: 05 Feb 2024
Xiwen Bai, Jesús Fernández-Villaverde, Yiliang Li and Francesco Zanetti
Tsinghua University, University of Pennsylvania - Department of Economics, University of International Business and Economics and University of Oxford
Downloads 20 (1,037,036)
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10.
Downloads 427 (135,633)
Citation 55

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 312 (190,325)
Citation 1

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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: 10 Aug 2022
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 111 (485,669)

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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 4 (1,234,494)
Citation 12
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Bayesian Methods, DSGE Models, Likelihood Estimation

11.

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

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 414 (140,694)
Citation 57

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

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
University of California, Santa Cruz, University of Pennsylvania - Department of Economics, Duke University and Federal Reserve Bank of Atlanta - Research Department
Downloads 297 (200,718)
Citation 12

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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 Last Revised: 22 Jun 2023
University of California, Santa Cruz, University of Pennsylvania - Department of Economics, Duke University and Federal Reserve Bank of Atlanta - Research Department
Downloads 56 (731,202)

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13.

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 352 (168,558)
Citation 15

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

14.
Downloads 351 (169,564)
Citation 40

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 270 (221,554)

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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 Last Revised: 17 Jul 2023
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 80 (610,192)

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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 (1,276,608)
Citation 22
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cryptocurrencies, currency competition, Monetary policy, Private money

15.
Downloads 347 (171,131)
Citation 62

Solution and Estimation Methods for DSGE Models

Handbook of Macroeconomics, Volume 2, Forthcoming, PIER Working Paper No. 15-042
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 222 (268,761)
Citation 1

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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 Last Revised: 27 Mar 2023
Jesús Fernández-Villaverde, Juan F. Rubio-Ramírez and Frank Schorfheide
University of Pennsylvania - Department of Economics, Emory University and University of Pennsylvania - Department of Economics
Downloads 123 (448,749)
Citation 38

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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
Downloads 2 (1,261,787)
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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

16.

Ricardian Business Cycles

Swiss Finance Institute Research Paper No. 23-43
Number of pages: 62 Posted: 22 Nov 2022 Last Revised: 22 Aug 2023
Lorenzo Bretscher, Jesús Fernández-Villaverde and Simon Scheidegger
Swiss Finance Institute - HEC Lausanne, University of Pennsylvania - Department of Economics and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 321 (186,084)

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International Trade, Business Cycles, General Equilibrium, Comparative Advantage, Deep Learning

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 163 (356,816)
Citation 1

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

Some Results on the Solution of the Neoclassical Growth Model

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 146 (391,502)
Citation 1

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Dynamic Equilibrium Economies, Computational Methods, Changes

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 149 (385,085)
Citation 87

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

Comparing Solution Methods for Dynamic Equilibrium Economies

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 137 (412,113)
Citation 9

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

19.

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 273 (220,526)
Citation 4

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

Estimating Nonlinear Dynamic Equilibrium Economies: A Likelihood Approach

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 173 (338,661)
Citation 5

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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 91 (558,746)
Citation 17

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dynamic equilibrium economies, likelihood function, nonlinear solution methods

21.
Downloads 133 (239,737)
Citation 18

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, Reichman University - Interdisciplinary Center (IDC) Herzliyah and Harvard University
Downloads 132 (424,501)
Citation 4

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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, Reichman University - Interdisciplinary Center (IDC) Herzliyah and Harvard University
Downloads 1 (1,276,608)
Citation 4
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22.
Downloads 224 (267,684)
Citation 21

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 Nuño
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 118 (463,354)
Citation 2

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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

PIER Working Paper No. 19-015, September 2019, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 64 Posted: 18 Sep 2019 Last Revised: 11 Sep 2020
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuño
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 75 (628,849)

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

Financial Frictions and the Wealth Distribution

NBER Working Paper No. w26302
Number of pages: 70 Posted: 23 Sep 2019 Last Revised: 17 Jul 2023
Jesús Fernández-Villaverde, Samuel Hurtado and Galo Nuño
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 31 (922,174)

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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 Nuño
University of Pennsylvania - Department of Economics, Banco de España and Banco de España
Downloads 0
Citation 17
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Aggregate shocks, continuous-time, Heterogeneous Agents, Machine Learning, structural estimation

Evaluating Labor Market Reforms: A General Equilibrium Approach

Number of pages: 45 Posted: 29 Apr 2004
Cesar Alonso-Borrego, Jesús Fernández-Villaverde and Jose E. Galdon-Sanchez
Charles III University of Madrid - Department of Economics, University of Pennsylvania - Department of Economics and Universidad Publica de Navarra
Downloads 154 (374,489)

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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 Dec 2022
Cesar Alonso-Borrego, Jesús Fernández-Villaverde and Jose E. Galdon-Sanchez
Charles III University of Madrid - Department of Economics, University of Pennsylvania - Department of Economics and Universidad Publica de Navarra
Downloads 58 (719,152)
Citation 3

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24.

Cryptocurrencies and All That: Two Ideas from Monetary Economics

PIER Working Paper No. 21-009
Number of pages: 11 Posted: 25 Feb 2021
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 209 (285,794)

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25.
Downloads 208 (287,048)
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
Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 142 (400,434)
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: 22 Jan 2023
Dario Caldara, Jesús Fernández-Villaverde, Juan Francisco Rubio-Ramirez and Wen Yao
Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 61 (701,865)

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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
Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 5 (1,221,548)
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DSGE models, perturbation, recursive preferences

26.

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 205 (290,903)
Citation 1

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

27.
Downloads 176 (334,028)
Citation 252

Risk Matters: The Real Effects of Volatility Shocks

PIER Working Paper No. 09-013
Number of pages: 56 Posted: 06 Apr 2009
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 127 (437,599)
Citation 2

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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 2022
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 47 (790,810)

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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
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 2 (1,261,787)
Citation 69
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DSGE Models, Small Open Economy, Stochastic Volatility

28.

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
Board of Governors of the Federal Reserve System, University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta - Research Department and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 174 (337,398)
Citation 47

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DSGE models, recursive preferences, perturbation

29.

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 171 (342,567)
Citation 1

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Private money, currency competition, cryptocurrencies, monetary policy

30.

Comparing Dynamic Equilibrium Models to Data

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 162 (358,807)
Citation 11

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31.
Downloads 157 (368,390)
Citation 19

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 156 (370,428)
Citation 7

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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
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Citation 9
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Bayesian Methods, DSGE Models, Likelihood Estimation

32.

Estimating Dynamic Equilibrium Economies: Linear Versus Nonlinear Likelihood

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 152 (378,510)
Citation 31

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

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 96 (539,424)

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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: 25 Feb 2023
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 51 (763,324)
Citation 2

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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 96 (539,424)

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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 2023
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 46 (797,922)
Citation 4

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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
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Bayesian methods, DSGE models, Parameter drifting, Stochastic volatility

35.

Price-Level Determination Under the Gold Standard

FRB of Philadelphia Working Paper No. 24-6
Number of pages: 48 Posted: 01 Mar 2024
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 140 (406,514)

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Gold standard, specie flows, non-neutrality of money, long-run price stability, inelastic money supply

36.
Downloads 132 (423,332)
Citation 114

Fiscal Volatility Shocks and Economic Activity

PIER Working Paper No. 11-022
Number of pages: 47 Posted: 12 Aug 2011
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 95 (543,261)
Citation 38

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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 Last Revised: 27 Apr 2023
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 37 (868,590)
Citation 87

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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: 15 Feb 2023
Jesús Fernández-Villaverde and Charles I. Jones
University of Pennsylvania - Department of Economics and Stanford Graduate School of Business
Downloads 127 (437,599)
Citation 27

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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 University
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COVID-19, estimation, SIRD model

Convergence Properties of the Likelihood of Computed Dynamic Models

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 86 (579,132)
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: 14 May 2023
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 43 (820,489)
Citation 5

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39.

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 125 (441,454)
Citation 1

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Productivity growth, Europe's economic performance, economic policy

Institutions and Political Party Systems: The Euro Case

PIER Working Paper No. 17-014, Columbia Business School Research Paper No. 17-73
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 91 (558,746)

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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 Last Revised: 26 Jun 2022
Jesús Fernández-Villaverde and Tano Santos
University of Pennsylvania - Department of Economics and Columbia Business School
Downloads 26 (971,469)
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

41.

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

NBER Working Paper No. t0308
Number of pages: 49 Posted: 06 Jul 2005 Last Revised: 07 May 2023
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 118 (461,135)

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The Causal Effects of Lockdown Policies on Health and Macroeconomic Outcomes

NBER Working Paper No. w28617
Number of pages: 48 Posted: 29 Mar 2021 Last Revised: 03 Jul 2023
Jonas Arias, Jesús Fernández-Villaverde, Juan F. Rubio-Ramírez and Minchul Shin
Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics, Emory University and University of Illinois
Downloads 62 (696,122)

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Bayesian Estimation of Epidemiological Models: Methods, Causality, and Policy Trade-Offs

CESifo Working Paper No. 8977
Number of pages: 59 Posted: 05 Apr 2021
Jonas Arias, Jesús Fernández-Villaverde, Juan F. Rubio-Ramírez and Minchul Shin
Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics, Emory University and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 26 (971,469)

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The Causal Effects of Lockdown Policies on Health and Macroeconomic Outcomes

FRB of Philadelphia Working Paper No. 22-18
Number of pages: 49 Posted: 22 Aug 2022
Jonas Arias, Jesús Fernández-Villaverde, Juan F. Rubio-Ramírez and Minchul Shin
Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics, Emory University and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
Downloads 23 (1,003,266)
Citation 5

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Causality, Policy interventions, Epidemiological models, Bayesian estimation

Bayesian Estimation of Epidemiological Models: Methods, Causality, and Policy Trade-Offs

CEPR Discussion Paper No. DP15951
Number of pages: 60 Posted: 01 Apr 2021
Jonas Arias, Jesús Fernández-Villaverde, Juan F. Rubio-Ramírez and Minchul Shin
Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics, Emory University and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
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43.

A Comparison of Programming Languages in Economics

NBER Working Paper No. w20263
Number of pages: 20 Posted: 30 Jun 2014 Last Revised: 15 May 2022
S. Borağan Aruoba and Jesús Fernández-Villaverde
University of Maryland - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 111 (482,731)
Citation 8

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44.

The Neoclassical Growth of China

CESifo Working Paper No. 10499
Number of pages: 44 Posted: 14 Jun 2023
Jesús Fernández-Villaverde, Lee E. Ohanian and Wen Yao
University of Pennsylvania - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 110 (485,913)

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China, East Asia, economic growth, Ramsey-Cass-Koopmans model, TFP catch up

45.

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 108 (492,436)
Citation 1

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

46.

Has Machine Learning Rendered Simple Rules Obsolete?

PIER Working Paper No. 21-008
Number of pages: 19 Posted: 25 Feb 2021
Jesús Fernández-Villaverde
University of Pennsylvania - Department of Economics
Downloads 102 (513,146)

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Artificial intelligence, machine learning, economics, simple rules

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 50 (769,977)

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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 24 (992,569)

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Bargaining Shocks and Aggregate Fluctuations

NBER Working Paper No. w23647
Number of pages: 113 Posted: 11 Aug 2017 Last Revised: 11 Feb 2023
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 - Department of Economics
Downloads 19 (1,048,755)

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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

48.

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 92 (549,132)
Citation 2

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Bayesian inference, asymptotics, cattle cycle

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 29 (941,494)

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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
Downloads 25 (981,920)

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aggregate fluctuations, strategic complementarities, macroeconomic volatility, government spending

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

Number of pages: 79 Posted: 09 Mar 2023
Jesús Fernández-Villaverde, Federico Mandelman, Yang Yu and Francesco Zanetti
University of Pennsylvania - Department of Economics, Federal Reserve Bank of Atlanta, Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management and University of Oxford
Downloads 25 (981,920)

Abstract:

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Search complementarities, aggregate fluctuations, macroeconomic volatility, government spending.

Search Complementarities, Aggregate Fluctuations, and Fiscal Policy

NBER Working Paper No. w26210
Number of pages: 78 Posted: 03 Sep 2019 Last Revised: 02 Jun 2023
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 8 (1,183,420)

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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

50.

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
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 88 (564,374)
Citation 1

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GPU computing, Dynamic Equilibrium models

Macroeconomic Outcomes and Covid-19: A Progress Report

NBER Working Paper No. w28004
Number of pages: 42 Posted: 27 Oct 2020 Last Revised: 09 Jul 2023
Jesús Fernández-Villaverde and Charles I. Jones
University of Pennsylvania - Department of Economics and Stanford Graduate School of Business
Downloads 84 (587,644)

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Macroeconomic Outcomes and COVID-19: A Progress Report

CEPR Discussion Paper No. DP15393
Number of pages: 44 Posted: 03 Nov 2020
Jesús Fernández-Villaverde and Charles M. Jones
University of Pennsylvania - Department of Economics and Columbia University
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Citation 3
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COVID-19, Macroeconomic outcomes, Mobility Reports, Mortality

52.

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 85 (576,303)

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

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
Downloads 53 (750,125)

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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: 10 Jul 2023
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 (992,569)

Abstract:

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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
Downloads 3 (1,247,995)
Citation 1
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Bayesian methods, DSGE models, Parameter drifting, Stochastic volatility

Exploiting Symmetry in High-Dimensional Dynamic Programming

CESifo Working Paper No. 9161
Number of pages: 50 Posted: 01 Jul 2021
Mahdi Ebrahimi Kahou, Jesús Fernández-Villaverde, Jesse Perla and Arnav Sood
University of British Columbia (UBC), University of Pennsylvania - Department of Economics, University of British Columbia (UBC) and Carnegie Mellon University
Downloads 75 (628,849)

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Exploiting Symmetry in High-Dimensional Dynamic Programming

CEPR Discussion Paper No. DP16285
Number of pages: 51 Posted: 14 Jul 2021
Mahdi Ebrahimi Kahou, Jesús Fernández-Villaverde, Jesse Perla and Arnav Sood
University of British Columbia (UBC), University of Pennsylvania - Department of Economics, University of British Columbia (UBC) and Carnegie Mellon University
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55.

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: 20 Feb 2022
Jesús Fernández-Villaverde and Dirk Krueger
University of Pennsylvania - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 75 (619,510)
Citation 29

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Macroeconomics and Volatility: Data, Models, and Estimation

NBER Working Paper No. w16618
Number of pages: 46 Posted: 18 Dec 2010 Last Revised: 29 May 2023
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 69 (658,584)
Citation 10

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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 (1,261,787)
Citation 5
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Bayesian methods, DSGE models, Stochastic volatility

57.
Downloads 70 (642,751)
Citation 1

Accounting for the Duality of the Italian Economy

CESifo Working Paper No. 10470
Number of pages: 43 Posted: 08 Jun 2023
Jesús Fernández-Villaverde, Dario Laudati, Lee E. Ohanian and Vincenzo Quadrini
University of Pennsylvania - Department of Economics, University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 62 (696,122)

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Italian economy, macroeconomic wedges, regional fiscal redistribution, regional convergence

Accounting for the Duality of the Italian Economy

NBER Working Paper No. w31299
Number of pages: 42 Posted: 05 Jun 2023 Last Revised: 19 Jun 2023
Jesús Fernández-Villaverde, Dario Laudati, Lee E. Ohanian and Vincenzo Quadrini
University of Pennsylvania - Department of Economics, University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Southern California - Marshall School of Business - Finance and Business Economics Department
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Citation 1
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58.
Downloads 68 (652,555)
Citation 4

Inequality and the Zero Lower Bound

CESifo Working Paper No. 10471
Number of pages: 35 Posted: 08 Jun 2023
Jesús Fernández-Villaverde, Joël Marbet, Galo Nuño and Omar Rachedi
University of Pennsylvania - Department of Economics, Banco de España, Banco de España and ESADE Business School
Downloads 34 (894,843)

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heterogeneous agents, HANK models, neural networks, non-linear dynamics

Inequality and the zero lower bound

Banco de Espana Working Paper No. 2407
Number of pages: 41 Posted: 28 Feb 2024
Jesús Fernández-Villaverde, Joël Marbet, Galo Nuño and Omar Rachedi
University of Pennsylvania - Department of Economics, Banco de España, Banco de España and ESADE Business School
Downloads 19 (1,048,755)
Citation 3

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heterogeneous agents, HANK models, neural networks, non-linear dynamics

Inequality and the Zero Lower Bound

NBER Working Paper No. w31282
Number of pages: 34 Posted: 29 May 2023 Last Revised: 24 Jun 2023
Jesús Fernández-Villaverde, Joël Marbet, Galo Nuño and Omar Rachedi
University of Pennsylvania - Department of Economics, Banco de España, Banco de España and ESADE Business School
Downloads 15 (1,096,410)
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59.

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 63 (677,830)

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Private money, Currency competition, Cryptocurrencies, Monetary policy

The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power

FRB Atlanta Working Paper No. 2021-4
Number of pages: 57 Posted: 14 May 2021
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 33 (903,987)

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The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power

CESifo Working Paper No. 8897
Number of pages: 58 Posted: 24 Feb 2021
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 28 (951,369)

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61.
Downloads 59 (699,260)
Citation 157

Estimating Macroeconomic Models: A Likelihood Approach

NBER Working Paper No. t0321
Number of pages: 55 Posted: 27 Apr 2006 Last Revised: 20 May 2023
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
Downloads 37 (868,590)
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 (1,014,384)
Citation 23
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Dynamic macroeconomic models, particle filtering, nonlinear and/or non-normal models, business cycle, stochastic volatility

62.

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 57 (710,419)
Citation 12

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Bayesian inference, asymptotics, cattle cycle

63.

The 'Matthew Effect' and Market Concentration: Search Complementarities and Monopsony Power

CAMA Working Paper No. 22/2021
Number of pages: 58 Posted: 18 Feb 2021
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 55 (721,853)

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Market concentration, superstar firms, search complementarities, monopsony power in the labor market

64.

Demographic Transitions Across Time and Space

NBER Working Paper No. w29480
Number of pages: 74 Posted: 15 Nov 2021 Last Revised: 21 Jul 2023
Matt Delventhal, Jesús Fernández-Villaverde and Nezih Guner
Claremont McKenna College, University of Pennsylvania - Department of Economics and Centre for Monetary and Financial Studies (CEMFI)
Downloads 53 (733,912)

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65.

Demographic Transitions Across Time and Space

IZA Discussion Paper No. 15575
Number of pages: 76 Posted: 29 Sep 2022
Matt Delventhal, Jesús Fernández-Villaverde and Nezih Guner
Claremont McKenna College, University of Pennsylvania - Department of Economics and Universitat Autonoma de Barcelona
Downloads 52 (740,099)

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demographic transition, skill-biased technological change, diffusion

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 37 (868,590)
Citation 5

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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 Last Revised: 23 Mar 2023
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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Citation 1

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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

67.
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Citation 3

Bargaining Shocks and Aggregate Fluctuations

CESifo Working Paper No. 8989
Number of pages: 114 Posted: 06 Apr 2021
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 - Department of Economics
Downloads 25 (981,920)
Citation 1

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Bargaining Shocks and Aggregate Fluctuations

CEPR Discussion Paper No. DP15979
Number of pages: 39 Posted: 31 Mar 2021
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 - Department of Economics
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Estimating DSGE Models: Recent Advances and Future Challenges

Annual Review of Economics, Vol. 13, pp. 229-252, 2021
Posted: 12 Aug 2021
Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
University of Pennsylvania - Department of Economics and Boston College - Department of Economics

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Estimating DSGE Models: Recent Advances and Future Challenges

NBER Working Paper No. w27715
Number of pages: 35 Posted: 25 Aug 2020 Last Revised: 25 Mar 2023
Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
University of Pennsylvania - Department of Economics and Boston College - Department of Economics
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Estimating DSGE Models: Recent Advances and Future Challenges

CEPR Discussion Paper No. DP15164
Number of pages: 37 Posted: 18 Aug 2020
Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
University of Pennsylvania - Department of Economics and Boston College - Department of Economics
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Citation 2
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Bayesian methods, DSGE models, estimation, MCMC, Variational Inference

69.
Downloads 47 (772,183)
Citation 1

A Practical Guide to Parallelization in Economics

NBER Working Paper No. w24561
Number of pages: 66 Posted: 02 May 2018 Last Revised: 10 Feb 2023
Jesús Fernández-Villaverde and David Zarruk-Valencia
University of Pennsylvania - Department of Economics and University of Pennsylvania
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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

70.
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Citation 60

Political Credit Cycles: The Case of the Euro Zone

NBER Working Paper No. w18899
Number of pages: 45 Posted: 22 Mar 2013 Last Revised: 20 Feb 2023
Jesús Fernández-Villaverde, Luis Garicano, Luis Garicano and Tano Santos
University of Pennsylvania - Department of Economics, Centre for Economic Policy Research (CEPR)IE Business School and Columbia Business School
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Citation 21

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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, Luis Garicano and Tano Santos
University of Pennsylvania - Department of Economics, Centre for Economic Policy Research (CEPR)IE Business School and Columbia Business School
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Citation 18
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bubbles, Euro crisis, Financial crisis, political economy

Climate Change Through the Lens of Macroeconomic Modeling

CESifo Working Paper No. 11346
Number of pages: 43 Posted: 29 Oct 2024
Jesús Fernández-Villaverde, Kenneth Gillingham and Simon Scheidegger
University of Pennsylvania - Department of Economics, Yale University and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
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climate change, integrated assessment model, dynamic stochastic general equilibrium

Climate Change Through the Lens of Macroeconomic Modeling

NBER Working Paper No. w32963
Number of pages: 42 Posted: 17 Sep 2024 Last Revised: 19 Sep 2024
Jesús Fernández-Villaverde, Kenneth Gillingham and Simon Scheidegger
University of Pennsylvania - Department of Economics, Yale University and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
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72.

Bayesian Estimation of Epidemiological Models: Methods, Causality, and Policy Trade-Offs

FRB of Philadelphia Working Paper No. 21-18
Number of pages: 62 Posted: 14 May 2021 Last Revised: 17 May 2021
Jonas Arias, Jesús Fernández-Villaverde, Juan F. Rubio-Ramírez and Minchul Shin
Federal Reserve Bank of Philadelphia, University of Pennsylvania - Department of Economics, Emory University and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
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Bayesian estimation, Epidemiological models, Causality, policy interventions

73.

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 Last Revised: 15 May 2023
Martin M. Andreasen, Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
CREATES, Aarhus UniversityAarhus University, University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
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Citation 50

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74.

How Structural are Structural Parameters?

NBER Working Paper No. w13166
Number of pages: 50 Posted: 23 Jun 2012 Last Revised: 24 Dec 2022
Jesús Fernández-Villaverde and Juan Francisco Rubio-Ramirez
University of Pennsylvania - Department of Economics and Federal Reserve Bank of Atlanta - Research Department
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Citation 17

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75.
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Citation 11

Supply-Side Policies and the Zero Lower Bound

NBER Working Paper No. w17543
Number of pages: 31 Posted: 29 Oct 2011 Last Revised: 09 Jun 2023
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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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 5
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New Keynesian models, supply-side policies, zero lower bound

76.
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Citation 27

Solution Methods for Models with Rare Disasters

NBER Working Paper No. w21997
Number of pages: 38 Posted: 15 Feb 2016 Last Revised: 08 Feb 2023
Jesús Fernández-Villaverde and Oren Levintal
University of Pennsylvania - Department of Economics and Reichman University - Interdisciplinary Center (IDC) Herzliyah
Downloads 35 (885,985)
Citation 3

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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 Reichman University - Interdisciplinary Center (IDC) Herzliyah
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Citation 5
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DSGE models, perturbation, rare disasters, Smolyak, solution methods, Taylor projection

77.

Nonlinear Adventures at the Zero Lower Bound

NBER Working Paper No. w18058
Number of pages: 46 Posted: 12 May 2012 Last Revised: 06 May 2023
University of Pennsylvania - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Richmond, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Bank of Atlanta - Research Department
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Citation 25

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78.

Dynamic Programming on a Quantum Annealer: Solving the RBC Model

CESifo Working Paper No. 10500
Number of pages: 48 Posted: 14 Jun 2023
Jesús Fernández-Villaverde and Isaiah Hull
University of Pennsylvania - Department of Economics and BI Norwegian Business School
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computational methods, dynamic equilibrium economies, quantum computing, quantum annealing

Estimating Dynamic Equilibrium Models with Stochastic Volatility

NBER Working Paper No. w18399
Number of pages: 71 Posted: 15 Sep 2012 Last Revised: 10 Apr 2023
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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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
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Citation 19
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Bayesian methods., Dynamic equilibrium models, Parameter drifting, Stochastic volatility

80.

A Model of the Gold Standard

FRB of Philadelphia Working Paper No. 22-33
Number of pages: 28 Posted: 22 Sep 2022
Jesús Fernández-Villaverde and Daniel R. Sanches
University of Pennsylvania - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Philadelphia
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gold standard, specie flows, non-neutrality of money, inside money

81.
Downloads 24 (962,616)
Citation 32

Uncertainty Shocks and Business Cycle Research

NBER Working Paper No. w26768
Number of pages: 53 Posted: 24 Feb 2020 Last Revised: 20 Feb 2023
Jesús Fernández-Villaverde and Pablo Guerrón-Quintana
University of Pennsylvania - Department of Economics and Boston College - Department of Economics
Downloads 22 (1,014,384)
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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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Citation 30
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business cycles, Financial Frictions, Uncertainty shocks

82.

The Wealth of Working Nations

NBER Working Paper No. w31914
Number of pages: 32 Posted: 04 Dec 2023
Jesús Fernández-Villaverde, Gustavo Ventura and Wen Yao
University of Pennsylvania - Department of Economics, Arizona State University (ASU) and Tsinghua University - Tsinghua University School of Economics and Management
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83.

Exploiting Symmetry in High-Dimensional Dynamic Programming

NBER Working Paper No. w28981
Number of pages: 52 Posted: 05 Jul 2021 Last Revised: 10 Mar 2023
Mahdi Ebrahimi Kahou, Jesús Fernández-Villaverde, Jesse Perla and Arnav Sood
University of British Columbia (UBC), University of Pennsylvania - Department of Economics, University of British Columbia (UBC) and Carnegie Mellon University
Downloads 19 (1,015,640)

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84.

Are We Fragmented Yet? Measuring Geopolitical Fragmentation and Its Causal Effects

Number of pages: 68 Posted: 02 Oct 2024
Jesús Fernández-Villaverde, Tomohide Mineyama and Dongho Song
University of Pennsylvania - Department of Economics, International Monetary Fund (IMF) and Johns Hopkins University - Carey Business School
Downloads 18 (1,026,647)