Kenneth D. West

University of Wisconsin - Madison - Department of Economics

Professor

1180 Observatory Drive

Madison, WI 53706

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

50

DOWNLOADS
Rank 15,875

SSRN RANKINGS

Top 15,875

in Total Papers Downloads

5,371

SSRN CITATIONS
Rank 198

SSRN RANKINGS

Top 198

in Total Papers Citations

1,671

CROSSREF CITATIONS

2,793

Scholarly Papers (50)

1.

A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelationconsistent Covariance Matrix

NBER Working Paper No. t0055
Number of pages: 14 Posted: 10 Jul 2000 Last Revised: 26 Feb 2023
Whitney K. Newey and Kenneth D. West
Massachusetts Institute of Technology (MIT) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 1,185 (30,211)
Citation 120

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2.
Downloads 758 (56,279)
Citation 250

Exchange Rates and Fundamentals

Number of pages: 50 Posted: 02 Dec 2003
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 623 (71,676)
Citation 2

Abstract:

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Exchange rates, random walk, present value, monetary model, asset price

Exchange Rates and Fundamentals

NBER Working Paper No. w10723
Number of pages: 48 Posted: 17 Sep 2004 Last Revised: 26 Oct 2022
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 135 (352,770)
Citation 31

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Exchange Rates and Fundamentals

Posted: 12 May 2005
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics

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3.

Housing, Monetary Policy, and the Recovery

Chicago Booth Research Paper No. 12-16
Number of pages: 101 Posted: 11 May 2012 Last Revised: 06 Sep 2012
Michael Feroli, Ethan S. Harris, Amir Sufi and Kenneth D. West
affiliation not provided to SSRN, Bank of America, University of Chicago - Booth School of Business and University of Wisconsin - Madison - Department of Economics
Downloads 649 (68,980)
Citation 9

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4.

Bubbles, Fads, and Stock Price Volatility Tests: a Partial Evaluation

NBER Working Paper No. w2574
Number of pages: 35 Posted: 19 Jul 2010 Last Revised: 19 Jul 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 201 (251,237)
Citation 9

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5.

Automatic Lag Selection in Covariance Matrix Estimation

NBER Working Paper No. t0144
Number of pages: 51 Posted: 18 Jul 2000 Last Revised: 26 May 2023
Kenneth D. West and Whitney K. Newey
University of Wisconsin - Madison - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 187 (268,132)
Citation 46

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Approximately Normal Tests for Equal Predictive Accuracy in Nested Models

FRB of Kansas City Working Paper No. RWP 05-05
Number of pages: 45 Posted: 22 Jan 2006
Todd E. Clark and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 110 (411,650)
Citation 5

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Forecast Evaluation, Causality, Nested Models

Approximately Normal Tests for Equal Predictive Accuracy in Nested Models

NBER Working Paper No. t0326
Number of pages: 41 Posted: 17 Aug 2006 Last Revised: 25 May 2023
Todd E. Clark and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 56 (618,545)
Citation 224

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7.

A Specification Test for Speculative Bubbles

NBER Working Paper No. w2067
Number of pages: 44 Posted: 09 Mar 2004 Last Revised: 27 Aug 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 144 (334,396)
Citation 7

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8.

The Predictive Ability of Several Models of Exchange Rate Volatility

NBER Working Paper No. t0152
Number of pages: 51 Posted: 12 Jun 2000 Last Revised: 03 Jun 2023
Kenneth D. West and Dongchul Cho
University of Wisconsin - Madison - Department of Economics and Korea Development Institute (KDI) - Macroeconomic Policy Division
Downloads 109 (412,021)

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9.

Using Out-of-Sample Mean Squared Prediction Errors to Test the Martingale Difference Hypothesis

FRB of Kansas City Working Paper No. 04-03
Number of pages: 42 Posted: 05 Aug 2004
Todd E. Clark and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 107 (417,523)
Citation 93

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Forecast Evaluation, Causality, Exchange Rates

10.

Inventories

NBER Working Paper No. w6315
Number of pages: 97 Posted: 18 Sep 2000 Last Revised: 05 Oct 2022
Valerie A. Ramey and Kenneth D. West
University of California at San Diego and University of Wisconsin - Madison - Department of Economics
Downloads 107 (417,523)
Citation 2

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11.
Downloads 98 (443,846)
Citation 64

Forecast Evaluation of Small Nested Model Sets

ECB Working Paper No. 1030
Number of pages: 46 Posted: 19 Mar 2009
Kirstin Hubrich and Kenneth D. West
Board of Governors of the Federal Reserve System and University of Wisconsin - Madison - Department of Economics
Downloads 68 (559,325)
Citation 9

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Out-of-sample, prediction, testing, multiple model comparisons, inflation forecasting

Forecast Evaluation of Small Nested Model Sets

NBER Working Paper No. w14601
Number of pages: 35 Posted: 29 Dec 2008 Last Revised: 25 Nov 2022
Kirstin Hubrich and Kenneth D. West
Board of Governors of the Federal Reserve System and University of Wisconsin - Madison - Department of Economics
Downloads 30 (793,703)
Citation 2

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12.

Dividend Innovations and Stock Price Volatility

NBER Working Paper No. w1833
Number of pages: 53 Posted: 11 Apr 2004 Last Revised: 07 Jul 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 90 (468,717)
Citation 13

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Some Evidence on Secular Drivers of U.S. Safe Real Rates

FRB of Cleveland Working Paper No. 17-23
Number of pages: 34 Posted: 27 Dec 2017
Kurt G. Lunsford and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 61 (592,508)

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demographics, low frequency correlation, lowpass filtered correlation, natural rate of interest, productivity, steady state interest rate

Some Evidence on Secular Drivers of U.S. Safe Real Rates

NBER Working Paper No. w25288
Number of pages: 32 Posted: 26 Nov 2018 Last Revised: 05 Feb 2023
Kurt G. Lunsford and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 16 (923,635)
Citation 7

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14.

Regression-Based Tests of Predictive Ability

NBER Working Paper No. t0226
Number of pages: 60 Posted: 12 Jul 2000 Last Revised: 13 Feb 2023
Kenneth D. West and Michael W. McCracken
University of Wisconsin - Madison - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 74 (526,611)
Citation 7

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15.

Policy Evaluation in Uncertain Economic Environments

NBER Working Paper No. w10025
Number of pages: 85 Posted: 14 Oct 2003 Last Revised: 24 Nov 2022
William A. Brock, Steven N. Durlauf and Kenneth D. West
University of Wisconsin, Madison - Department of Economics, University of Chicago and University of Wisconsin - Madison - Department of Economics
Downloads 69 (547,235)
Citation 2

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16.

Factor Model Forecasts of Exchange Rates

NBER Working Paper No. w18382
Number of pages: 33 Posted: 15 Sep 2012 Last Revised: 25 Mar 2023
Charles M. Engel, Nelson C. Mark and Kenneth D. West
University of Wisconsin - Madison - Department of Economics, University of Notre Dame - Department of Economics and Econometrics and University of Wisconsin - Madison - Department of Economics
Downloads 66 (560,242)
Citation 4

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17.

Taylor Rules and the Deutschmark-Dollar Real Exchange Rate

NBER Working Paper No. w10995
Number of pages: 29 Posted: 19 Jan 2005 Last Revised: 18 Jul 2022
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 63 (573,823)
Citation 21

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18.

Model Uncertainty and Policy Evaluation: Some Theory and Empirics

NBER Working Paper No. w10916
Number of pages: 59 Posted: 08 Dec 2004 Last Revised: 01 May 2022
William A. Brock, Steven N. Durlauf and Kenneth D. West
University of Wisconsin, Madison - Department of Economics, University of Chicago and University of Wisconsin - Madison - Department of Economics
Downloads 60 (587,723)
Citation 9

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19.

Land Prices and Business Fixed Investments in Japan

NBER Working Paper No. w10909
Number of pages: 39 Posted: 07 Dec 2004 Last Revised: 24 Apr 2022
Nobuhiro Kiyotaki and Kenneth D. West
London School of Economics & Political Science (LSE) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 60 (587,723)

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Instrumental Variables Estimation of Heteroskedastic Linear Models Using All Lags of Instruments

NBER Working Paper No. t0338
Number of pages: 35 Posted: 27 Jun 2007 Last Revised: 05 Jun 2023
University of Wisconsin - Madison - Department of Economics, The University of Hong Kong - Faculty of Business and Economics and CERGE-EINew Economic School
Downloads 36 (746,315)

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Instrumental Variables Estimation of Heteroskedastic Linear Models Using All Lags of Instruments

NBER Working Paper No. w13134
Number of pages: 35 Posted: 22 May 2012 Last Revised: 21 Nov 2022
University of Wisconsin - Madison - Department of Economics, The University of Hong Kong - Faculty of Business and Economics and CERGE-EINew Economic School
Downloads 23 (854,999)
Citation 2

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21.

An Aggregate Demand - Aggregate Supply Analysis of Japanese Monetary Policy, 1973-1990

NBER Working Paper No. w3823
Number of pages: 75 Posted: 28 Dec 2006 Last Revised: 14 Dec 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 58 (597,420)

Abstract:

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22.

Another Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimator

NBER Working Paper No. t0183
Number of pages: 27 Posted: 14 Jul 2000 Last Revised: 03 Jul 2023
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 56 (607,496)
Citation 1

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23.

Integrated Regressors and Tests of the Permanent Income Hypothesis

NBER Working Paper No. w2359
Number of pages: 20 Posted: 06 Apr 2007 Last Revised: 14 Dec 2022
James H. Stock and Kenneth D. West
Harvard University - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 50 (639,427)

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24.

Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One

NBER Working Paper No. w10267
Number of pages: 22 Posted: 28 Dec 2006 Last Revised: 23 Jul 2022
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 50 (639,427)
Citation 1

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25.

Inventory Models

NBER Working Paper No. t0143
Number of pages: 52 Posted: 18 Sep 2000 Last Revised: 25 May 2023
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 50 (639,427)
Citation 1

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26.

A Utility Based Comparison of Some Models of Exchange Rate Volatility

NBER Working Paper No. t0128
Number of pages: 47 Posted: 28 Dec 2006 Last Revised: 10 May 2023
Kenneth D. West, Hali J. Edison and Dongchul Cho
University of Wisconsin - Madison - Department of Economics, International Monetary Fund (IMF) - Research Department and Korea Development Institute (KDI) - Macroeconomic Policy Division
Downloads 47 (656,559)
Citation 1

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27.

The Equilibrium Real Funds Rate: Past, Present and Future

NBER Working Paper No. w21476
Number of pages: 82 Posted: 25 Aug 2015 Last Revised: 08 Mar 2023
University of California at San Diego, Bank of America, Goldman Sachs and University of Wisconsin - Madison - Department of Economics
Downloads 45 (668,257)
Citation 40

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28.

The Insensitivity of Consumption to News About Income

NBER Working Paper No. w2252
Number of pages: 35 Posted: 07 Aug 2007 Last Revised: 27 Feb 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 44 (674,266)
Citation 2

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29.

On Optimal Instrumental Variables Estimation of Stationary Time Series Models

NBER Working Paper No. t0249
Number of pages: 10 Posted: 30 Mar 2000 Last Revised: 09 Mar 2023
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 42 (686,721)

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30.

A Variance Bounds Test of the Linear Quardractic Inventory Model

NBER Working Paper No. w1581
Number of pages: 43 Posted: 09 Mar 2004 Last Revised: 29 Oct 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 41 (693,097)
Citation 1

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31.

Monetary Policy and the Volatility of Real Exchange Rates in New Zealand

NBER Working Paper No. w10280
Number of pages: 32 Posted: 01 Feb 2004 Last Revised: 05 Aug 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 41 (693,097)

Abstract:

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32.

Exchange Rate Models are Not as Bad as You Think

NBER Working Paper No. w13318
Number of pages: 61 Posted: 23 May 2012 Last Revised: 23 Nov 2022
Charles M. Engel, Nelson C. Mark and Kenneth D. West
University of Wisconsin - Madison - Department of Economics, University of Notre Dame - Department of Economics and Econometrics and University of Wisconsin - Madison - Department of Economics
Downloads 36 (726,789)
Citation 36

Abstract:

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33.

On the Interpretation of Near Random-Walk Behavior in Gnp

NBER Working Paper No. w2364
Number of pages: 20 Posted: 06 Apr 2007 Last Revised: 19 Jun 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 35 (733,852)

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34.

Encompassing Tests When No Model is Encompassing

NBER Working Paper No. t0256
Number of pages: 27 Posted: 23 Aug 2000 Last Revised: 16 Mar 2023
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 35 (733,852)

Abstract:

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35.

A Skeptical View of the Impact of the Fed's Balance Sheet

NBER Working Paper No. w24687
Number of pages: 96 Posted: 13 Jun 2018 Last Revised: 16 Jun 2023
Morgan Stanley, University of California at San Diego, Bank of America and University of Wisconsin - Madison - Department of Economics
Downloads 34 (740,898)
Citation 1

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36.

Business Fixed Investment and the Recent Business Cycle in Japan

NBER Working Paper No. w5546
Number of pages: 52 Posted: 04 Oct 2010 Last Revised: 27 Feb 2022
Nobuhiro Kiyotaki and Kenneth D. West
Princeton University - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 33 (748,186)

Abstract:

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37.

A Standard Monetary Model and the Variability of the Deutschemark-Dollarexchange Rate

NBER Working Paper No. w2102
Number of pages: 57 Posted: 09 Mar 2004 Last Revised: 01 Oct 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 33 (748,186)
Citation 2

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38.

A Comparison of Alternative Instruments Variables Estimators of a Dynamic Linear Model

NBER Working Paper No. t0176
Number of pages: 57 Posted: 05 Jul 2000 Last Revised: 26 Jun 2023
Kenneth D. West and David W. Wilcox
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 33 (748,186)

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39.

Evidence from Seven Countries on Whether Inventories Smooth Aggregate Output

NBER Working Paper No. w2664
Number of pages: 30 Posted: 22 Apr 2004 Last Revised: 14 Oct 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 32 (755,717)

Abstract:

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40.

Using Out-of-Sample Mean Squared Prediction Errors to Test the Martingale Difference

NBER Working Paper No. t0305
Number of pages: 46 Posted: 04 May 2011 Last Revised: 04 May 2023
Todd E. Clark and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 31 (763,395)
Citation 5

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41.

Targeting Nominal Income: a Note

NBER Working Paper No. w1835
Number of pages: 16 Posted: 04 Jul 2004 Last Revised: 09 Jul 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 31 (763,395)
Citation 1

Abstract:

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42.

Full Versus Limited Information Estimation of a Rational Expectations Model: Some Numerical Comparisons

NBER Working Paper No. t0054
Number of pages: 33 Posted: 10 Jan 2007 Last Revised: 25 Feb 2023
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 30 (771,104)

Abstract:

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43.

A Comparison of the Behavior of Japanese and U.S. Inventories

NBER Working Paper No. w3762
Number of pages: 21 Posted: 27 Dec 2006 Last Revised: 14 Oct 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 30 (771,104)

Abstract:

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44.

Order Backlogs and Production Smoothing

NBER Working Paper No. w2385
Number of pages: 37 Posted: 06 Apr 2007 Last Revised: 10 Jul 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 29 (778,960)

Abstract:

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45.

The Sources of Fluctuations in Aggregate Inventories and Gnp

NBER Working Paper No. w2992
Number of pages: 56 Posted: 25 Oct 2000 Last Revised: 05 Sep 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 29 (778,960)
Citation 1

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46.

Sources of Cycles in Japan, 1975-1987

NBER Working Paper No. w3763
Number of pages: 48 Posted: 24 Jul 2007 Last Revised: 15 Oct 2022
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 21 (846,149)

Abstract:

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47.

Some Evidence on Finite Sample Behavior of an Instrumental Variables Estimator of the Linear Quadtratic Inventory Model

NBER Working Paper No. t0139
Number of pages: 37 Posted: 04 Jul 2004 Last Revised: 21 May 2023
Kenneth D. West and David W. Wilcox
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 21 (846,149)

Abstract:

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48.

Econometric Analysis of Present Value Models When the Discount Factor is Near One

NBER Working Paper No. w18247
Number of pages: 36 Posted: 21 Jul 2012 Last Revised: 12 May 2023
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 18 (873,857)
Citation 4

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49.

Random Walk Forecasts of Stationary Processes Have Low Bias

FRB of Cleveland Working Paper No. 23-18, https://doi.org/10.26509/frbc-wp-202318
Number of pages: 20 Posted: 04 Aug 2023
Kurt G. Lunsford and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 7 (978,696)

Abstract:

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ARMA Models, Overdifferenced, Prediction, Macroeconomic Time Series, Simulation

50.

Business Fixed Investment and the Recent Business Cycle in Japan

NBER MACROECONOMICS ANNUAL, Vol. 12
Posted: 05 Aug 1996
Nobuhiro Kiyotaki and Kenneth D. West
London School of Economics & Political Science (LSE) - Department of Economics and University of Wisconsin - Madison - Department of Economics

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