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

47

DOWNLOADS
Rank 11,761

SSRN RANKINGS

Top 11,761

in Total Papers Downloads

3,134

CITATIONS
Rank 96

SSRN RANKINGS

Top 96

in Total Papers Citations

2,746

Scholarly Papers (47)

1.
Downloads 647 ( 30,499)
Citation 113

Exchange Rates and Fundamentals

ECB Working Paper No. 248
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 566 (35,919)
Citation 113

Abstract:

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
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 81 (244,991)
Citation 113

Abstract:

Exchange Rates and Fundamentals

Journal of Political Economy, Vol. 113, pp. 485-517, June 2005
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

Abstract:

2.

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

NBER Working Paper No. t0055
Number of pages: 14 Posted: 10 Jul 2000
Whitney K. Newey and Kenneth D. West
Massachusetts Institute of Technology (MIT) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 565 (32,195)
Citation 1,486

Abstract:

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 466 (42,910)

Abstract:

4.

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 82 (237,411)
Citation 60

Abstract:

Forecast Evaluation, Causality, Exchange Rates

5.

A Specification Test for Speculative Bubbles

NBER Working Paper No. w2067
Number of pages: 44 Posted: 09 Mar 2004
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 82 (229,041)
Citation 40

Abstract:

6.

Inventories

NBER Working Paper No. w6315
Number of pages: 97 Posted: 18 Sep 2000
Valerie A. Ramey and Kenneth D. West
University of California at San Diego and University of Wisconsin - Madison - Department of Economics
Downloads 69 (260,268)
Citation 49

Abstract:

7.
Downloads 61 (284,537)
Citation 11

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 47 (326,913)
Citation 11

Abstract:

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
Kirstin Hubrich and Kenneth D. West
Board of Governors of the Federal Reserve System and University of Wisconsin - Madison - Department of Economics
Downloads 14 (474,372)
Citation 11

Abstract:

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 37 (360,322)
Citation 98

Abstract:

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
Todd E. Clark and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 24 (417,892)
Citation 98

Abstract:

9.

Automatic Lag Selection in Covariance Matrix Estimation

NBER Working Paper No. t0144
Number of pages: 51 Posted: 18 Jul 2000
Kenneth D. West and Whitney K. Newey
University of Wisconsin - Madison - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 57 (260,268)
Citation 257

Abstract:

10.

The Predictive Ability of Several Models of Exchange Rate Volatility

NBER Working Paper No. t0152
Number of pages: 51 Posted: 12 Jun 2000
Kenneth D. West and Dongchul Cho
University of Wisconsin - Madison - Department of Economics and Korea Development Institute (KDI) - Macroeconomic Policy Division
Downloads 49 (284,537)
Citation 45

Abstract:

11.

Policy Evaluation in Uncertain Economic Environments

NBER Working Paper No. w10025
Number of pages: 85 Posted: 14 Oct 2003
William A. Brock, Steven N. Durlauf and Kenneth D. West
University of Wisconsin, Madison - Department of Economics, University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 48 (309,902)
Citation 53

Abstract:

12.

Taylor Rules and the Deutschmark-Dollar Real Exchange Rate

NBER Working Paper No. w10995
Number of pages: 29 Posted: 19 Jan 2005
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 47 (321,361)
Citation 34

Abstract:

13.

Dividend Innovations and Stock Price Volatility

NBER Working Paper No. w1833
Number of pages: 53 Posted: 11 Apr 2004
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 46 (304,466)
Citation 69

Abstract:

14.

Regression-Based Tests of Predictive Ability

NBER Working Paper No. t0226
Number of pages: 60 Posted: 12 Jul 2000
Kenneth D. West and Michael W. McCracken
University of Wisconsin - Madison - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Saint Louis
Downloads 44 (330,131)
Citation 52

Abstract:

15.

Model Uncertainty and Policy Evaluation: Some Theory and Empirics

NBER Working Paper No. w10916
Number of pages: 59 Posted: 08 Dec 2004
William A. Brock, Steven N. Durlauf and Kenneth D. West
University of Wisconsin, Madison - Department of Economics, University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 41 (330,131)
Citation 19

Abstract:

16.

Land Prices and Business Fixed Investments in Japan

NBER Working Paper No. w10909
Number of pages: 39 Posted: 07 Dec 2004
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 38 (339,481)
Citation 1

Abstract:

17.

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
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 37 (352,723)
Citation 11

Abstract:

18.

Another Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimator

NBER Working Paper No. t0183
Number of pages: 27 Posted: 14 Jul 2000
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 29 (370,728)
Citation 13

Abstract:

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
Kenneth D. West, K. F. Wong and Stanislav Anatolyev
University of Wisconsin - Madison - Department of Economics, The University of Hong Kong - Faculty of Business and Economics and New Economic School
Downloads 22 (428,890)
Citation 3

Abstract:

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
Kenneth D. West, K. F. Wong and Stanislav Anatolyev
University of Wisconsin - Madison - Department of Economics, The University of Hong Kong - Faculty of Business and Economics and New Economic School
Downloads 6 (518,538)
Citation 3

Abstract:

20.

Inventory Models

NBER Working Paper No. t0143
Number of pages: 52 Posted: 18 Sep 2000
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 26 (378,501)
Citation 3

Abstract:

21.

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
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 25 (400,730)
Citation 5

Abstract:

22.

A Utility Based Comparison of Some Models of Exchange Rate Volatility

NBER Working Paper No. t0128
Number of pages: 47 Posted: 28 Dec 2006
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 24 (396,094)
Citation 56

Abstract:

23.

Integrated Regressors and Tests of the Permanent Income Hypothesis

NBER Working Paper No. w2359
Number of pages: 20 Posted: 06 Apr 2007
James H. Stock and Kenneth D. West
Harvard University - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 22 (400,730)
Citation 3

Abstract:

24.

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
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 22 (396,094)
Citation 2

Abstract:

25.

A Variance Bounds Test of the Linear Quardractic Inventory Model

NBER Working Paper No. w1581
Number of pages: 43 Posted: 09 Mar 2004
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 22 (391,416)
Citation 20

Abstract:

26.

The Insensitivity of Consumption to News About Income

NBER Working Paper No. w2252
Number of pages: 35 Posted: 07 Aug 2007
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 20 (410,410)
Citation 12

Abstract:

27.

Encompassing Tests When No Model is Encompassing

NBER Working Paper No. t0256
Number of pages: 27 Posted: 23 Aug 2000
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 19 (415,413)
Citation 3

Abstract:

28.

On Optimal Instrumental Variables Estimation of Stationary Time Series Models

NBER Working Paper No. t0249
Number of pages: 10 Posted: 30 Mar 2000
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 18 (420,514)
Citation 3

Abstract:

29.

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
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 16 (430,804)
Citation 10

Abstract:

30.

The Sources of Fluctuations in Aggregate Inventories and Gnp

NBER Working Paper No. w2992
Number of pages: 56 Posted: 25 Oct 2000
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 16 (430,804)
Citation 5

Abstract:

31.

Exchange Rate Models are Not as Bad as You Think

NBER Working Paper No. w13318
Number of pages: 61 Posted: 23 May 2012
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 15 (451,016)
Citation 59

Abstract:

32.

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

NBER Working Paper No. w2574
Number of pages: 35 Posted: 19 Jul 2010
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 15 (451,016)
Citation 40

Abstract:

33.

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
Kenneth D. West and David W. Wilcox
University of Wisconsin - Madison - Department of Economics and Federal Reserve Board - Division of Research and Statistics
Downloads 15 (435,832)
Citation 5

Abstract:

34.

On the Interpretation of Near Random-Walk Behavior in Gnp

NBER Working Paper No. w2364
Number of pages: 20 Posted: 06 Apr 2007
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 14 (435,832)
Citation 7

Abstract:

35.

Order Backlogs and Production Smoothing

NBER Working Paper No. w2385
Number of pages: 37 Posted: 06 Apr 2007
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 14 (456,169)
Citation 4

Abstract:

36.

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

NBER Working Paper No. w3762
Number of pages: 21 Posted: 27 Dec 2006
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 14 (440,949)
Citation 2

Abstract:

37.

Targeting Nominal Income: a Note

NBER Working Paper No. w1835
Number of pages: 16 Posted: 04 Jul 2004
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 14 (456,169)
Citation 3

Abstract:

38.

Evidence from Seven Countries on Whether Inventories Smooth Aggregate Output

NBER Working Paper No. w2664
Number of pages: 30 Posted: 22 Apr 2004
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 13 (451,016)
Citation 1

Abstract:

39.

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
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 12 (451,016)
Citation 2

Abstract:

40.

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
Kenneth D. West and David W. Wilcox
University of Wisconsin - Madison - Department of Economics and Federal Reserve Board - Division of Research and Statistics
Downloads 11 (456,169)
Citation 3

Abstract:

41.

Sources of Cycles in Japan, 1975-1987

NBER Working Paper No. w3763
Number of pages: 48 Posted: 24 Jul 2007
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 9 (466,322)

Abstract:

42.

The Equilibrium Real Funds Rate: Past, Present and Future

NBER Working Paper No. w21476
Number of pages: 82 Posted: 25 Aug 2015
University of California at San Diego, Bank of America, Goldman Sachs and University of Wisconsin - Madison - Department of Economics
Downloads 8 (445,995)
Citation 1

Abstract:

43.

Factor Model Forecasts of Exchange Rates

NBER Working Paper No. w18382
Number of pages: 33 Posted: 15 Sep 2012
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 8 (440,949)
Citation 4

Abstract:

44.

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
Todd E. Clark and Kenneth D. West
Federal Reserve Bank of Cleveland and University of Wisconsin - Madison - Department of Economics
Downloads 8 (456,169)
Citation 60

Abstract:

45.

Business Fixed Investment and the Recent Business Cycle in Japan

NBER Working Paper No. w5546
Number of pages: 52 Posted: 04 Oct 2010
Nobuhiro Kiyotaki and Kenneth D. West
Princeton University - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 5 (486,382)
Citation 11

Abstract:

46.

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
Kenneth D. West
University of Wisconsin - Madison - Department of Economics
Downloads 2 (504,542)
Citation 2

Abstract:

47.

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

Abstract: