Warehouse / Authors / John H. Cochrane
John H. Cochrane
Papers by John H. Cochrane tracked in the Macro Paper Warehouse.
12 papers tracked
0 forthcoming
12 classics
Showing 12 papers
[What Ends Recessions?]: CommentJohn H. Cochrane
Commenting on Christina and David Romer's claim that active Federal Reserve policy ended postwar recessions, Cochrane argues that their historical narrative cannot distinguish a Fed that reacts to …
Money as stockJohn H. Cochrane
Cochrane argues that the fiscal theory of the price level rests on a valuation equation, not a budget constraint -- nominal government debt is priced like a claim on future government surpluses, …
ShocksJohn H. Cochrane
Surveying the evidence for monetary, technology, oil-price, and credit shocks as drivers of postwar U.S. business cycles, Cochrane finds that none of these popular observable candidates robustly …