Ellen R. McGrattan

V. V. Chari · Patrick J. Kehoe · Ellen R. McGrattan

Chari, Kehoe, and McGrattan subject the popular structural-VAR (SVAR) procedure -- used by Gali (1999), Francis and Ramey (2005), and others to argue that technology shocks make hours fall, and …

V. V Chari · Patrick J. Kehoe · Ellen R. McGrattan

Chari, Kehoe, and McGrattan build a calibrated two-country sticky-price model with price-discriminating, staggered-price monopolists and find it can generate exchange-rate volatility and persistence …

V. V. Chari · Patrick J. Kehoe · Ellen R. McGrattan

This 2009 American Economic Journal: Macroeconomics paper by V. V.

Anmol Bhandari · Tobey Kass · Thomas J. May · Ellen R. McGrattan · Evan Schulz

This paper uses a novel longitudinal administrative dataset drawn from U.S. Internal Revenue Service (IRS) and Social Security Administration (SSA) records to characterize income dynamics and the …

V. V. Chari · Patrick J. Kehoe · Ellen R. McGrattan

Staggered price-setting was long hoped to turn a short spell of exogenous price stickiness into a long spell of endogenous stickiness, and so into persistent output movements after a monetary shock. …