Economist affiliated with Harvard University and the NBER per OpenAlex. Long-time co-author of Mark W. Watson on time-series econometrics and macroeconomics, including vector autoregressions.
This Handbook of Macroeconomics chapter by James Stock and Mark Watson surveys the empirical relationship between the postwar U.S. business cycle, defined via a bandpass filter isolating fluctuations …
PublishedClassicBrookings Papers on Economic ActivityPublished Mar 2012
This 2012 Brookings Papers on Economic Activity paper by James Stock and Mark Watson asks whether the unusual severity of the 2007-09 recession and the weakness of the recovery that followed required …
This 2002 NBER Macroeconomics Annual paper by James Stock and Mark Watson documents and investigates the "Great Moderation": the standard deviation of annual U.S. real GDP growth fell from 2.7% over …
PublishedClassicJournal of Economic PerspectivesPublished Nov 2001
This 2001 Journal of Economic Perspectives paper by James Stock and Mark Watson reviews how vector autoregressions (VARs) have performed at the four core tasks of applied macroeconometrics — data …