Jonas D. M. Fisher

Federal Reserve Bank of Chicago - Economic Research Department

230 South LaSalle Street

Chicago, IL 60604-1413

United States

  • Federal Reserve Bank of Chicago - Economic Research Department

SCHOLARLY PAPERS

41

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5,475

TOTAL CITATIONS
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629

Scholarly Papers (41)

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1.

Macroeconomic Implications of Agglomeration

Downloads 800 (65,541)
Citation 13

Macroeconomic Implications of Agglomeration

Simon School Working Paper No. FR 10-12
Number of pages: 39 Posted: 10 Jan 2010 Last Revised: 12 Nov 2011
Morris A. Davis, Jonas D. M. Fisher and Toni M. Whited
Rutgers Business School, Federal Reserve Bank of Chicago - Economic Research Department and University of Michigan, Department of Economics
Downloads 682 (79,476)
Citation 2

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Balanced Growth, Economic Growth, Productivity, Externalities, Increasing Returns, Agglomeration, Density

Macroeconomic Implications of Agglomeration

Number of pages: 45 Posted: 17 Jan 2010 Last Revised: 17 Dec 2011
Morris A. Davis, Jonas D. M. Fisher and Toni M. Whited
Rutgers Business School, Federal Reserve Bank of Chicago - Economic Research Department and University of Michigan, Department of Economics
Downloads 118 (495,344)
Citation 11

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Balanced Growth, Economic Growth, Productivity, Externalities, Agglomeration

2.

First-Time Home Buyers and Residential Investment Volatility

FRB of Chicago Working Paper No. 2007-15
Number of pages: 51 Posted: 14 Jan 2008
Jonas D. M. Fisher and Martin Gervais
Federal Reserve Bank of Chicago - Economic Research Department and University of Iowa
Downloads 383 (162,864)
Citation 13

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Business Cycles, Housing, Residential Investment, First-Time Home-Buyers, Great Moderation

3.

The Role of Real Wages, Productivity, and Fiscal Policy in Germany's Great Depression 1928-1937

Number of pages: 42 Posted: 10 Sep 2001
Jonas D. M. Fisher and Andreas Hornstein
Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Richmond
Downloads 307 (207,095)
Citation 9

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Great Depression, Germany, growth model, real wages, productivity, fiscal policy

4.

The Chicago Fed DSGE Model

FRB of Chicago Working Paper No. 2012-02
Number of pages: 42 Posted: 29 Aug 2012 Last Revised: 27 Sep 2023
Scott A. Brave, Jeffrey R. Campbell, Jonas D. M. Fisher and Alejandro Justiniano
Federal Reserve Bank of Chicago, University of Notre Dame, Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Chicago
Downloads 297 (214,433)
Citation 9

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New Keynesian model, DSGE, forecasting, policy analysis

5.

Technology Shocks Matter

Number of pages: 46 Posted: 07 May 2003
Jonas D. M. Fisher
Federal Reserve Bank of Chicago - Economic Research Department
Downloads 280 (227,989)
Citation 5

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6.

Why Were Interest-only Mortgages so Popular During the U.S. Housing Boom?

FRB of Chicago Working Paper No. 2010-12
Number of pages: 66 Posted: 22 Nov 2010 Last Revised: 28 May 2020
Gadi Barlevy and Jonas D. M. Fisher
Federal Reserve Bank of Chicago and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 275 (232,156)
Citation 34

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Housing, house prices, interest-only mortgages, speculation, bubble

7.

Testing the Calvo Model of Sticky Prices

Number of pages: 14 Posted: 06 Aug 2003
Martin Eichenbaum and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 270 (236,586)

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8.

Macroeconomic Effects of Federal Reserve Forward Guidance

Brookings Papers on Economic Activity, Spring 2012, FRB of Chicago Working Paper No. 2012-3
Number of pages: 60 Posted: 24 Oct 2012
Jeffrey R. Campbell, Charles L. Evans, Jonas D. M. Fisher and Alejandro Justiniano
University of Notre Dame, Federal Reserve Bank of Chicago - Research Department, Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Chicago
Downloads 237 (269,441)
Citation 269

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monetary policy, zero lower bound, forward guidance

9.

The Great Turn-of-The-Century Housing Boom

Economic Perspectives, Vol. 30, No. 3, Third Quarter 2006
Number of pages: 16 Posted: 20 Aug 2006
Jonas D. M. Fisher and Saad Quayyum
Federal Reserve Bank of Chicago - Economic Research Department and International Monetary Fund (IMF)
Downloads 191 (330,375)

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residential investment, homeownership, mortgage innovation, technology shocks,

10.

Gross Migration, Housing and Urban Population Dynamics

FRB of Chicago Working Paper No. 2013-19
Number of pages: 54 Posted: 14 Dec 2013
Morris A. Davis, Jonas D. M. Fisher and Marcelo Veracierto
Rutgers Business School, Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Chicago - Research Department
Downloads 186 (338,519)
Citation 14

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migration, housing, urban population dynamics

11.

Fiscal Policy in the Aftermath of 9/11

Downloads 148 (412,379)
Citation 12

Fiscal Policy in the Aftermath of 9/11

FRB Chicago Working Paper No. 2004-06, FRB Chicago Working Paper No. 2004-06
Number of pages: 44 Posted: 22 Apr 2004
Martin Eichenbaum and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 99 (565,236)
Citation 1

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Fiscal Policy in the Aftermath of 9/11

NBER Working Paper No. w10430
Number of pages: 37 Posted: 03 May 2004 Last Revised: 03 Jul 2022
Martin Eichenbaum and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 49 (833,678)
Citation 11

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12.

Asset Pricing Lessons for Modeling Business Cycles

NBER Working Paper No. w5262
Number of pages: 54 Posted: 11 Jul 2000 Last Revised: 19 Nov 2022
Michele Boldrin, Lawrence J. Christiano and Jonas D. M. Fisher
University of Minnesota - Twin Cities - Department of Economics, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 148 (412,379)
Citation 1

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13.

Why Has Home Ownership Fallen among the Young?

FRB of Chicago Working Paper No. 2009-01
Number of pages: 49 Posted: 21 Mar 2009
Jonas D. M. Fisher and Martin Gervais
Federal Reserve Bank of Chicago - Economic Research Department and University of Iowa
Downloads 133 (448,836)
Citation 4

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Housing, home ownership, tenure choice, first-time home-buyers

14.

The Role of Real Wages, Productivity, and Fiscal Policy in Germany's Great Depression 1928-37

FRB Richmond Working Paper No. 01-7
Number of pages: 47 Posted: 29 Nov 2012
Jonas D. M. Fisher and Andreas Hornstein
Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Richmond
Downloads 116 (502,358)

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Great Depression, Germany, growth model, real wages, productivity, fiscal policy

15.

The Role of Housing in Labor Reallocation

FRB of Chicago Working Paper No. 2010-18
Number of pages: 52 Posted: 03 Dec 2010
Morris A. Davis, Jonas D. M. Fisher and Marcelo Veracierto
Rutgers Business School, Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Chicago - Research Department
Downloads 116 (499,143)
Citation 6

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Migration, Cities, Housing markets, Labor markets

16.

Tobin's Q and Asset Returns: Implications for Business Cycle Analysis

Downloads 113 (508,906)

Tobin's Q and Asset Returns: Implications for Business Cycle Analysis

NBER Working Paper No. w5292
Number of pages: 62 Posted: 11 Jun 2000 Last Revised: 19 Jun 2022
Lawrence J. Christiano and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 113 (512,197)

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Tobin's Q and Asset Returns: Implications for Business Cycle Analysis

Posted: 26 Sep 2008
Lawrence J. Christiano and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department

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Asset prices, Equity premium, Tobin's q, Business cycle, Risk averson

17.

Using Stock Returns to Identify Government Spending Shocks

FRB of Chicago Working Paper No. 2009-03
Number of pages: 40 Posted: 18 Sep 2009
Jonas D. M. Fisher and Ryan H. Peters
Federal Reserve Bank of Chicago - Economic Research Department and Tulane University - Finance & Economics
Downloads 110 (519,200)
Citation 43

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government spending shocks, fiscal policy, stock returns, neo-classical model, New Keynesian model

18.

On the Structural Interpretation of the Smets-Wouters 'Risk Premium' Shock

FRB of Chicago Working Paper No. 2014-08
Number of pages: 15 Posted: 30 Oct 2014
Jonas D. M. Fisher
Federal Reserve Bank of Chicago - Economic Research Department
Downloads 107 (529,742)
Citation 38

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Smets-Wouters model, safe and liquid assets, money demand, risk premium shock, New Keynesian model, DSGE

19.

Time Series Implications of the Calvo Model of Sticky Prices

Number of pages: 43 Posted: 03 Jan 2004
Martin Eichenbaum and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 98 (563,668)
Citation 1

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20.

Stock Market and Investment Goods Prices: Implications for Macroeconomics

NBER Working Paper No. w10031
Number of pages: 33 Posted: 14 Oct 2003 Last Revised: 30 Nov 2022
Lawrence J. Christiano and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 92 (590,782)

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21.

A Real Explanation for Heterogeneous Investment Dynamics

Number of pages: 31 Posted: 27 Dec 2001
Jonas D. M. Fisher
Federal Reserve Bank of Chicago - Economic Research Department
Downloads 85 (615,914)
Citation 7

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22.

Unusual Shocks in Our Usual Models

FRB of Chicago Working Paper No. 2022-39
Number of pages: 85 Posted: 13 Sep 2022 Last Revised: 01 May 2024
Filippo Ferroni, Jonas D. M. Fisher and Leonardo Melosi
Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Chicago
Downloads 80 (637,783)

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Covid-19, pandemic, DSGE models, Survey of Professional Forecasters, business cycles

23.

Risk Management for Monetary Policy Near the Zero Lower Bound

FRB of Chicago Working Paper No. 2015-03
Number of pages: 65 Posted: 03 Jun 2015
Charles L. Evans, Jonas D. M. Fisher, Francois Gourio and Spencer D. Krane
Federal Reserve Bank of Chicago - Research Department, Federal Reserve Bank of Chicago - Economic Research Department, Federal Reserve Bank of Chicago and Federal Reserve Bank of Chicago - Economic Research
Downloads 79 (642,375)
Citation 28

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monetary policy, risk management, zero lower bound

24.

Evaluating the Calvo Model of Sticky Prices

NBER Working Paper No. w10617
Number of pages: 39 Posted: 28 Jul 2004 Last Revised: 07 Jul 2022
Martin Eichenbaum and Jonas D. M. Fisher
Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 78 (646,906)
Citation 3

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25.

Fiscal Shocks and Their Consequences

NBER Working Paper No. w9772
Number of pages: 45 Posted: 15 Jun 2003 Last Revised: 15 Sep 2022
A. Craig Burnside, Martin Eichenbaum and Jonas D. M. Fisher
Duke University - Department of Economics, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 77 (651,498)
Citation 12

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26.

Understanding the Effects of a Shock to Government Purchases

NBER Working Paper No. w6737
Number of pages: 48 Posted: 07 Jan 1999 Last Revised: 30 Nov 2022
Wendy Edelberg, Martin Eichenbaum and Jonas D. M. Fisher
U.S. Board of Governors of the Federal Reserve System, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 75 (660,956)
Citation 6

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27.

The Chicago Fed DSGE Model: Version 2

FRB of Chicago Working Paper No. 2023-36
Number of pages: 63 Posted: 07 Oct 2023
Jeffrey R. Campbell, Filippo Ferroni, Jonas D. M. Fisher and Leonardo Melosi
University of Notre Dame, Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Chicago
Downloads 71 (680,781)

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New Keynesian model, DSGE models, Covid-19, pandemic, Survey of Professional Forecasters, business cycles, forecasting, policy analysis

28.

Forward Guidance and Macroeconomic Outcomes Since the Financial Crisis

FRB of Chicago Working Paper No. WP-2016-7
Number of pages: 89 Posted: 22 Jun 2016
Jeffrey R. Campbell, Jonas D. M. Fisher, Alejandro Justiniano and Leonardo Melosi
University of Notre Dame, Federal Reserve Bank of Chicago - Economic Research Department, Federal Reserve Bank of Chicago and Federal Reserve Bank of Chicago
Downloads 68 (696,402)
Citation 58

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Monetary policy, Business cycles, Great Recession, Counterfactual policy analysis

29.

Comment on 'Letting Different Views About Business Cycles Compete'

FRB of Chicago Working Paper No. 2010-01
Number of pages: 28 Posted: 18 Jan 2010
Jonas D. M. Fisher
Federal Reserve Bank of Chicago - Economic Research Department
Downloads 64 (718,405)
Citation 7

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Technology shocks, investment-specific shocks, neutral shocks, news shocks, business cycle

30.

(S,s) Inventory Policies in General Equilibrium

Downloads 54 (779,844)
Citation 12

(S,s) Inventory Policies in General Equilibrium

FRB Richmond Working Paper No. 97-7
Number of pages: 53 Posted: 19 Nov 2012
Jonas D. M. Fisher and Andreas Hornstein
Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Richmond
Downloads 54 (796,592)
Citation 12

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Inventories, Business Cycles, Search, Matching

(S, S) Inventory Policies in General Equilibrium

Review of Economic Studies, Vol. 67, Issue 1, January 2000
Posted: 19 Nov 2000
Jonas D. M. Fisher and Andreas Hornstein
Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Richmond

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31.

Organizational Flexibility and Employment Dynamics at Young and Old Plants

NBER Working Paper No. w6809
Number of pages: 44 Posted: 22 Apr 1999 Last Revised: 11 Aug 2022
Jeffrey R. Campbell and Jonas D. M. Fisher
University of Notre Dame and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 52 (793,484)

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32.

Idiosyncratic Risk and Aggregate Employment Dynamics

NBER Working Paper No. w7936
Number of pages: 56 Posted: 30 Sep 2000 Last Revised: 10 Mar 2022
Jeffrey R. Campbell and Jonas D. M. Fisher
University of Notre Dame and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 51 (800,559)
Citation 2

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33.

Aggregate Employment Fluctuations with Microeconomic Asymmetries

NBER Working Paper No. w5767
Number of pages: 29 Posted: 10 Mar 1997 Last Revised: 06 Oct 2022
Jeffrey R. Campbell and Jonas D. M. Fisher
University of Notre Dame and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 50 (807,608)
Citation 1

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34.

Assessing the Effects of Fiscal Shocks

NBER Working Paper No. w7459
Number of pages: 45 Posted: 08 Aug 2012 Last Revised: 20 Nov 2022
A. Craig Burnside, Martin Eichenbaum and Jonas D. M. Fisher
Duke University - Department of Economics, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 47 (829,932)
Citation 6

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35.

The Limits of Forward Guidance

FRB of Chicago Working Paper No. WP-2019-3
Number of pages: 43 Posted: 16 Apr 2019 Last Revised: 29 Apr 2020
Jeffrey R. Campbell, Filippo Ferroni, Jonas D. M. Fisher and Leonardo Melosi
University of Notre Dame, Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Chicago
Downloads 43 (861,748)
Citation 16

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monetary policy, forward guidance puzzle, central bank communication, business cycles, risk management

36.

Fiscal Shocks in an Efficiency Wage Model

NBER Working Paper No. w7515
Number of pages: 23 Posted: 05 May 2000 Last Revised: 16 Jul 2022
A. Craig Burnside, Martin Eichenbaum and Jonas D. M. Fisher
Duke University - Department of Economics, Northwestern University and Federal Reserve Bank of Chicago - Economic Research Department
Downloads 42 (870,097)

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37.

Long-Run Inflation Expectations

Downloads 27 (1,016,208)

Long-Run Inflation Expectations

De Nederlandsche Bank Working Paper No. 829
Number of pages: 59 Posted: 07 Mar 2025
Jonas D. M. Fisher, Leonardo Melosi and Sebastian Rast
Federal Reserve Bank of Chicago - Economic Research Department, University of Warwick and De Nederlandsche Bank
Downloads 14 (1,217,269)

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Panel survey data, long-run inflation expectations, rationality, expectation bias, overconfidence

Long-Run Inflation Expectations

FRB of Chicago Working Paper No. 2025-03
Number of pages: 57 Posted: 04 Mar 2025
Jonas D. M. Fisher, Leonardo Melosi and Sebastian Rast
Federal Reserve Bank of Chicago - Economic Research Department, University of Warwick and De Nederlandsche Bank
Downloads 13 (1,231,351)

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Panel survey data, long-run inflation expectations, rationality, expectation bias, overconfidence, overreaction, central bank communications

38.

The Limits of Forward Guidance

CEPR Discussion Paper No. DP13612
Number of pages: 45 Posted: 27 Mar 2019
Jeffrey R. Campbell, Filippo Ferroni, Jonas D. M. Fisher and Leonardo Melosi
University of Notre Dame, Federal Reserve Bank of Chicago, Federal Reserve Bank of Chicago - Economic Research Department and Federal Reserve Bank of Chicago
Downloads 15 (1,163,966)
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business cycles, central bank communication, forward guidance puzzle, monetary policy, Risk management

39.

The Evolving Core of Usable Macroeconomics for Policymakers

FRB of Chicago Working Paper No. 2025-02
Number of pages: 12 Posted: 28 Feb 2025
Jonas D. M. Fisher, Bart Hobijn and Alessandro Villa
Federal Reserve Bank of Chicago - Economic Research Department, Federal Reserve Bank of Chicago and Federal Reserve Bank of Chicago
Downloads 10 (1,226,081)

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History of economic thought, monetary policy

40.

Why Does Household Investment Lead Business Investment Over the Business Cycle?

Journal of Political Economy, Vol. 115, pp. 141-168, February 2007
Posted: 07 Feb 2007
Jonas D. M. Fisher
Federal Reserve Bank of Chicago - Economic Research Department

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41.

The Dynamic Effects of Neutral and Investment-Specific Technology Shocks

Journal of Political Economy, Vol. 114, pp. 413-451, June 2006
Posted: 25 Jun 2006
Jonas D. M. Fisher
Federal Reserve Bank of Chicago - Economic Research Department

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