Papers by V. V. Chari

V. V. Chari

Frenzel Land Grant Professor of Liberal Arts · University of Minnesota

Paul Frenzel Land Grant Professor of Liberal Arts at the University of Minnesota and adviser to the Federal Reserve Bank of Minneapolis. His collaborations with Patrick Kehoe and Ellen McGrattan cover business cycles, financial regulation and monetary policy.

Showing 4 papers

Published Classic Journal of Monetary Economics Published Nov 2008

Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?

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 …

Structural Var Real Business Cycle Theory Methodology Free Read ↗

Published Classic Review of Economic Studies Published Oct 2003

Expectation Traps and Monetary Policy

Stefania Albanesi · V. V. Chari · Lawrence J. Christiano

Embedding the Kydland-Prescott/Barro-Gordon time-inconsistency logic into a standard sticky-price, cash-credit-goods general equilibrium model, this paper shows the model generically has either two …

Monetary Policy Rules Expectations Learning Free Read ↗

Published Classic American Economic Journal: Macroeconomics Published Jan 2009

New Keynesian Models: Not Yet Useful for Policy Analysis

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

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

Dsge Models

Published Classic Econometrica Published Sep 2000

Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?

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. …

Nominal Rigidities Business Cycles Monetary Policy Transmission Dsge Models New Keynesian Free Read ↗

Career

Adviser, Federal Reserve Bank of Minneapolis
2010 – 2016 Director, Heller-Hurwicz Economics Institute, University of Minnesota
1992 – 1994 Harold H. Hines Jr. Professor of Risk Management, Northwestern University (Kellogg)
1986 – 1992 Senior Research Officer and Economic Adviser, Federal Reserve Bank of Minneapolis
1980 – 1986 Assistant Professor of Managerial Economics, Northwestern University (Kellogg)

Editorial roles

Associate Editor Journal of Economic Theory1998–present
Associate Editor American Economic Journal: Macroeconomics2008–present
Associate Editor Journal of Financial Intermediation1992–1995
Editorial Board Member Econometrica
Editorial Board Member Journal of Economic Literature
Editorial Board Member Journal of Economic Perspectives