John G. Fernald

Federal Reserve Bank of San Francisco

101 Market Street

San Francisco, CA 94105

United States

http://www.frbsf.org/economics/economists/jfernald.html

SCHOLARLY PAPERS

31

DOWNLOADS

5,558

CITATIONS

599

Scholarly Papers (31)

1.

Why Has China Survived the Asian Crisis so Well? What Risks Remain?

FRB International Finance Discussion Paper No. 633
Number of pages: 36 Posted: 24 Mar 1999
John G. Fernald and Oliver Babson
Federal Reserve Bank of San Francisco and Board of Governors of the Federal Reserve System
Downloads 1,077 (18,840)
Citation 5

Abstract:

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2.

Was China the First Domino?: Assessing Links between China and the Rest of Emerging Asia

FRB International Finance Discussion Paper No. 604
Number of pages: 48 Posted: 03 Jun 1998
John G. Fernald, Hali J. Edison and Prakash Loungani
Federal Reserve Bank of San Francisco, International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 721 (33,421)
Citation 18

Abstract:

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3.

Puzzles in the Chinese Stock Market

FRB International Finance Discussion Paper No. 619, FRB Chicago Working Paper No. 2000-13
Number of pages: 41 Posted: 17 Sep 1998
John G. Fernald and John H. Rogers
Federal Reserve Bank of San Francisco and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 707 (34,307)
Citation 32

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4.
Downloads 518 ( 51,654)
Citation 132

Are Technology Improvements Contractionary?

Harvard Institute Research Working Paper No. 1986; FRB International Finance Discussion Paper No. 625; FRB of Chicago Working Paper No. 2004-20
Number of pages: 65 Posted: 14 Jan 1999
Susanto Basu, John G. Fernald and Miles S. Kimball
Boston College, College of Arts and Sciences, Department of Economics, Federal Reserve Bank of San Francisco and University of Michigan at Ann Arbor - Department of Economics
Downloads 372 (76,571)
Citation 132

Abstract:

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Are Technology Improvements Contractionary?

NBER Working Paper No. w10592
Number of pages: 58 Posted: 08 Jul 2004
Susanto Basu, John G. Fernald and Miles S. Kimball
Boston College, College of Arts and Sciences, Department of Economics, Federal Reserve Bank of San Francisco and University of Michigan at Ann Arbor - Department of Economics
Downloads 146 (195,818)
Citation 132

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5.

Flying Geese or Sitting Ducks: China's Impact on the Trading Fortunes of Other Asian Economies

FRB International Finance Discussion Paper No. 887
Number of pages: 34 Posted: 28 Feb 2007
National University of Ireland, Galway (NUIG) - Department of Economics, Federal Reserve Bank of San Francisco, International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 316 (93,037)
Citation 3

Abstract:

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exports, trade links, exchange rates, trade equations

Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?

FRB of Chicago Working Paper No. 2001-04
Number of pages: 62 Posted: 21 Jul 2001
John G. Fernald, Susanto Basu and Matthew D. Shapiro
Federal Reserve Bank of San Francisco, Boston College, College of Arts and Sciences, Department of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 164 (177,431)
Citation 54

Abstract:

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Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?

NBER Working Paper No. w8359
Number of pages: 68 Posted: 28 Jun 2001 Last Revised: 30 Jul 2001
Susanto Basu, John G. Fernald and Matthew D. Shapiro
Boston College, College of Arts and Sciences, Department of Economics, Federal Reserve Bank of San Francisco and University of Michigan at Ann Arbor - Department of Economics
Downloads 123 (224,548)
Citation 55

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7.

China and Emerging Asia: Comrades or Competitors?

FRB International Working Paper No. 789, FRB Chicago Working Paper No. 2003-27
Number of pages: 39 Posted: 14 Jan 2004
Federal Reserve Bank of San Francisco, International Monetary Fund (IMF), National University of Ireland, Galway (NUIG) - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 283 (104,804)
Citation 17

Abstract:

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Exports, trade links, exchange rates, trade equations, flying geese

8.

The Case of the Missing Productivity Growth: Or, Does Information Technology Explain Why Productivity Accelerated in the United States But Not the United Kingdom?

Harvard Economic Research Discussion Paper No. 2021, FRB Chicago Working Paper No. 2003-08
Number of pages: 52 Posted: 25 Nov 2003
Boston College, College of Arts and Sciences, Department of Economics, Federal Reserve Bank of San Francisco, London School of Economics - Centre for Macroeconomics(CFM) and Bank of England - Monetary Analysis
Downloads 265 (112,369)
Citation 47

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9.
Downloads 210 (141,714)
Citation 48

Why is Productivity Procyclical? Why Do We Care?

FRB of Chicago Working Paper No. 2000-11
Number of pages: 88 Posted: 28 Dec 2000
Susanto Basu and John G. Fernald
Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 174 (168,395)
Citation 48

Abstract:

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Why is Productivity Procyclical? Why Do We Care?

NBER Working Paper No. w7940
Number of pages: 88 Posted: 30 Sep 2000 Last Revised: 29 Jan 2015
Susanto Basu and John G. Fernald
Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 36 (440,461)
Citation 48

Abstract:

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10.

Aggregate Productivity and Aggregate Technology

FRB International Finance Discussion Paper No. 593
Number of pages: 55 Posted: 20 Dec 1997
Susanto Basu and John G. Fernald
Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 196 (151,143)
Citation 56

Abstract:

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11.

Measuring Productivity Growth in Asia: Do Market Imperfections Matter?

FRB of Chicago Working Paper No. 2003-15
Number of pages: 47 Posted: 24 Nov 2003
John G. Fernald and Brent Neiman
Federal Reserve Bank of San Francisco and University of Chicago - Booth School of Business
Downloads 132 (211,888)
Citation 2

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Asia, total factor productivity, Singapore, directed credit, growth accounting

12.

Does the United States Have a Productivity Slowdown or a Measurement Problem

FEDS Working Paper No. 2016-17
Number of pages: 75 Posted: 07 Mar 2016
David M. Byrne, John G. Fernald and Marshall Reinsdorf
Board of Governors of the Federal Reserve System, Federal Reserve Bank of San Francisco and International Monetary Fund (IMF)
Downloads 117 (232,172)

Abstract:

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Information technology, Measurement, Non-market production, Prices, Productivity

A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output

FRB of Boston Working Paper No. 04-7
Number of pages: 85 Posted: 13 Jan 2005
J. Christina Wang, Susanto Basu and John G. Fernald
Federal Reserve Bank of Boston, Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 82 (296,667)
Citation 9

Abstract:

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A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output

NBER Working Paper No. w14616
Number of pages: 52 Posted: 15 Jan 2009 Last Revised: 04 Feb 2010
J. Christina Wang, Susanto Basu and John G. Fernald
Federal Reserve Bank of Boston, Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 19 (533,300)
Citation 9

Abstract:

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14.

Information and Communications Technology as a General-Purpose Technology: Evidence from U.S Industry Data

Federal Reserve Bank of San Francisco Working Paper Series No. 2006-29
Number of pages: 27 Posted: 05 Aug 2007
Susanto Basu and John G. Fernald
Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 87 (283,462)
Citation 8

Abstract:

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information technology

15.

Measuring the Miracle: Market Imperfections and Asia's Growth Experience

FRB of San Francisco Working Paper No. 2006-17
Number of pages: 42 Posted: 26 Jul 2007
John G. Fernald and Brent Neiman
Federal Reserve Bank of San Francisco and University of Chicago - Booth School of Business
Downloads 71 (319,555)
Citation 1

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Trend Breaks, Long-Run Restrictions, and the Contractionary Effects of Technology Improvements

FRB of San Francisco Working Paper No. 2005-21
Number of pages: 37 Posted: 07 Dec 2005
John G. Fernald
Federal Reserve Bank of San Francisco
Downloads 57 (362,847)
Citation 26

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Technology, business cycles, structural change

Trend Breaks, Long-Run Restrictions and the Contractionary Effects of Technology Improvements

CEPR Discussion Paper No. 5631
Number of pages: 39 Posted: 18 Jul 2006
John G. Fernald
Federal Reserve Bank of San Francisco
Downloads 11 (584,772)
Citation 26
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Technology, business cycles, structural change

17.

The Case of the Missing Productivity Growth: Or, Does Information Technology Explain Why Productivity Accelerated in the Us But Not the UK?

NBER Working Paper No. w10010
Number of pages: 51 Posted: 10 Oct 2003 Last Revised: 19 Sep 2009
Boston College, College of Arts and Sciences, Department of Economics, Federal Reserve Bank of San Francisco, London School of Economics - Centre for Macroeconomics(CFM) and Bank of England - Monetary Analysis
Downloads 65 (334,895)
Citation 31

Abstract:

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Why Has the Cyclicality of Productivity Changed?: What Does It Mean?

Federal Reserve Bank of Boston Research Paper Series Current Policy Perspectives Paper No. 15-6
Number of pages: 53 Posted: 01 Jan 2016
John G. Fernald and J. Christina Wang
Federal Reserve Bank of San Francisco and Federal Reserve Bank of Boston
Downloads 60 (353,508)

Abstract:

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procyclical productivity, labor hoarding, business cycles, growth-accounting, DSGE models

Why Has the Cyclicality of Productivity Changed? What Does it Mean?

Annual Review of Economics, Vol. 8, pp. 465-496, 2016
Posted: 18 Nov 2016
John G. Fernald and J. Christina Wang
Federal Reserve Bank of San Francisco and Federal Reserve Bank of Boston

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19.

Is China Fudging its Figures? Evidence from Trading Partner Data

BOFIT Discussion Paper No. 29/2015
Number of pages: 36 Posted: 05 Nov 2015
John G. Fernald, Eric Hsu and Mark M. Spiegel
Federal Reserve Bank of San Francisco, University of California, Berkeley and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 53 (369,954)

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C53, C82, E20, F17, China, GDP, principal components, structural break, forecasting

20.

The Disappointing Recovery of Output after 2009

NBER Working Paper No. w23543
Number of pages: 63 Posted: 26 Jun 2017
Federal Reserve Bank of San Francisco, Hoover Institution and Department of Economics, Stanford University, Harvard University - Department of Economics and Princeton University - Woodrow Wilson School of Public and International Affairs
Downloads 42 (407,324)

Abstract:

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21.

The Pre-Great Recession Slowdown in Productivity

Banque de France Working Paper No. 586
Number of pages: 55 Posted: 04 Apr 2016
Gilbert Cette, John G. Fernald and Benoit Mojon
Banque de France, Federal Reserve Bank of San Francisco and Banque de France
Downloads 41 (411,027)

Abstract:

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Productivity, ICT, Europe, convergence, capital flows, mis-allocation

22.

The Future of U.S. Economic Growth

NBER Working Paper No. w19830
Number of pages: 13 Posted: 25 Jan 2014 Last Revised: 13 Mar 2015
John G. Fernald and Charles I. Jones
Federal Reserve Bank of San Francisco and Stanford Graduate School of Business
Downloads 40 (414,843)

Abstract:

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23.

Productivity and Potential Output Before, During, and after the Great Recession

NBER Working Paper No. w20248
Number of pages: 51 Posted: 23 Jun 2014 Last Revised: 30 Sep 2014
John G. Fernald
Federal Reserve Bank of San Francisco
Downloads 36 (430,704)
Citation 2

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24.

Are Apparent Productive Spillovers a Figment of Specification Error?

NBER Working Paper No. w5073
Number of pages: 35 Posted: 12 Jul 2000
Susanto Basu and John G. Fernald
Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 21 (503,951)
Citation 51

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25.

Aggregate Productivity and the Productivity of Aggregates

NBER Working Paper No. w5382
Number of pages: 51 Posted: 11 Jul 2000 Last Revised: 24 Sep 2010
Susanto Basu and John G. Fernald
Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco
Downloads 19 (515,320)
Citation 54

Abstract:

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26.

Growth Accounting with Misallocation: Or, Doing Less with More in Singapore

NBER Working Paper No. w16043
Number of pages: 53 Posted: 07 Jun 2010
John G. Fernald and Brent Neiman
Federal Reserve Bank of San Francisco and University of Chicago - Booth School of Business
Downloads 15 (538,093)
Citation 2

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27.

Monetary Policy Effectiveness in China: Evidence from a FAVAR Model

NBER Working Paper No. w20518
Number of pages: 43 Posted: 30 Sep 2014
John G. Fernald, Mark M. Spiegel and Eric T. Swanson
Federal Reserve Bank of San Francisco, Federal Reserve Bank of San Francisco - Economic Research Department and University of California, Irvine - Department of Economics
Downloads 7 (585,381)

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28.

The Outlook for U.S. Labor-Quality Growth

NBER Working Paper No. w22555
Number of pages: 69 Posted: 31 Aug 2016 Last Revised: 09 Sep 2016
Canyon Bosler, Mary C. Daly, John G. Fernald and Bart Hobijn
Federal Reserve Banks - Federal Reserve Bank of San Francisco, Federal Reserve Bank of San Francisco, Federal Reserve Bank of San Francisco and ASU
Downloads 3 (611,686)

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29.

Why is Productivity Procylical? Why Do We Care?

International Finance Working Paper No. 638
Posted: 13 Jul 2000
John G. Fernald and Susanto Basu
Federal Reserve Bank of San Francisco and Boston College, College of Arts and Sciences, Department of Economics

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productivity, business cycles, markups

30.

Roads to Prosperity?: Assessing the Link between Public Capital and Productivity

FRB International Finance Discussion Paper No. 592
Posted: 21 Jul 1998
John G. Fernald
Federal Reserve Bank of San Francisco

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31.

Returns to Scale in U.S. Production: Estimates and Implications

JOURNAL OF POLITICAL ECONOMY, Vol. 105, No. 2, April 1997
Posted: 16 Apr 1997
Susanto Basu and John G. Fernald
Boston College, College of Arts and Sciences, Department of Economics and Federal Reserve Bank of San Francisco

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