Working Papers:
What's News in Business Cycles,
(with Martin Uribe), November 2007.
Evaluating the Sample Likelihood of Linearized DSGE Models Without the Use of the Kalman Filter
(with Martin Uribe), August 2007.
Explaining the Effects of Government Spending Shocks on Consumption and the Real Exchange Rate
(with M. Ravn and M. Uribe), August 2007.
Why the Monopolist Does Not Deviate from the Symmetric Equilibrium in a Model with Good-Specific Subsistence Points
(with Martin Uribe), August 2007.
Incomplete Cost Pass-Through Under Deep Habits
(with M. Ravn and M. Uribe), Febuary 2007.
Comparing Two Variants of Calvo-Type Wage Stickiness
(with Martin Uribe), October 2006.
Optimal Operational Monetary Policy in the Christiano-Eichenbaum-Evans Model of the U.S. Business Cycle
(with Martin Uribe), Revised August 2004.
Anticipated Ramsey Reforms and the Uniform Taxation Principle: The Role of International Financial Markets
(with Martín Uribe), June 2002.
Liquidity Traps with Global Taylor Rules
(with Martín Uribe), revised August 2007.
Dollarization and Seignorage: How Much Is At Stake?
(with Martín Uribe), July 1999.
Published Papers:
Optimal, Simple, and Implementable Monetary and Fiscal Rules
(with Martín Uribe), forthcoming Journal of Monetary Economics.[Matlab Codes]
The Macroeconomics of Subsistence Points
(with Morten Ravn and Martin Uribe), Macroeconomic Dynamics 12, 2008, 136-147. [Matlab Codes]
Habit Persistence
(with Martin Uribe), New Palgrave Dictionary of Economics, 2nd Edition, forthcoming.
Pricing To Habits and the Law of One Price
(with M. Ravn and M. Uribe), American Economic Review, Papers and Proceedings 97, May 2007, 232-238.
Optimal Inflation Stabilization in a Medium-Scale Macroeconomic Model
(with Martin Uribe),
in Monetary Policy Under Inflation Targeting, edited by Klaus Schmidt-Hebbel and Rick Mishkin, Central Bank of Chile, Santiago, Chile, 2007, 125-186. [Matlab Codes]
Deep Habits
(with M. Ravn and M. Uribe),
Review of Economic Studies 73, January 2006, 195-218. [Companion notes and matlab code ]
Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model
(with Martin Uribe), in Gertler, Mark and Kenneth Rogoff, eds., NBER Macroeconomics Annual 2005, MIT Press: Cambridge MA, 2006, 383-425. [Matlab Codes]
Discussion of `Limits to Inflation Targeting,' by Christopher A. Sims, in Ben S. Bernanke and Michael Woodford, Editors,
The Inflation-Targeting Debate, The University of Chicago Press, 2004, 299-308.
Discussion of `Inflation Targeting and Optimal Monetary Policy,' by Michael Woodford,
The Federal Reserve Bank of St. Louis Review 86, July/August 2004, 43-49.
Optimal Fiscal and Monetary Policy under Imperfect Competition
(with Martín Uribe),
Journal of Macroeconomics, 26 (June 2004), 183-209. [Matlab Codes]
Optimal Fiscal and Monetary Policy under Sticky Prices
(with Martín Uribe).
Journal of Economic Theory 114 (February 2004), 198-230. [Matlab Codes]
Solving Dynamic General Equilibrium Models Using a Second-Order Approximation to the Policy Function
(with Martín Uribe),
Journal of Economic Dynamics and Control 28 (January 2004),755-775. [Matlab Codes]
Backward-Looking Interest-Rate Rules, Interest Rate Smoothing, and Macroeconomic Instability
(with Jess Benhabib and Martín Uribe),
Journal of Money, Credit, and Banking 35 (December 2003), 1379-1412.
Closing Small Open Economy Models
(with Martín Uribe),
Journal of International Economics 61 (October 2003), 163-185.[Matlab Codes]
Avoiding Liquidity Traps
(with Jess Benhabib and Martín Uribe),
Journal of Political Economy 110 (June 2002), 535-563.
Chaotic Interest Rate Rules
(with Jess Benhabib and Martín Uribe),
American Economic Review 92 (May 2002), 72-78.
Stabilization Policy and the Costs of Dollarization
(with Martín Uribe),
Journal of Money, Credit, and Banking 33 (May 2001), 482-509.(This document is also available in Spanish under the title PoliticasEstabilizacion y los Costos de Dolarizar.)
Monetary Policy and Multiple Equilibria
(with Jess Benhabib and Martín Uribe)
American Economic Review 91 (March 2001), 167-186.(Unpublished Appendix)
The Perils of Taylor Rules
(with Jess Benhabib and Martín Uribe)
Journal of Economic Theory 96 (January/February 2001), 40-69.
Endogenous Business Cycles and the Dynamics of Output, Hours, and Consumption,
American Economic Review 90 (December 2000), 1136-59.
Price Level Determinacy and Monetary Policy under a Balanced-Budget Requirement
(with Martín Uribe)
Journal of Monetary Economics 45 (February 2000), 211-246.
Y2K
(with Martín Uribe)
Review of Economic Dynamics 4 (October 1999), 850-856.[For a discrete time version of the model click here.]
The International Transmission of Economic Fluctuations: Effects of U.S. Business Cycles on the Canadian Economy
Journal of International Economics44 (April 1998), 257-287.
Balanced-Budget Rules, Distortionary Taxes, and Aggregate Instability
(with Martín Uribe)
Journal of Political Economy 105 (October 1997), 976-1000.
Comparing Four Models of Aggregate Fluctuations Due to Self-fulfilling Expectations,
Journal of Economic Theory 72 (January 1997), 96-147.
Other Material:
Wissenschaft, Junge Ökonomen zieht es ins Ausland,
Handelsblatt, By Olaf Storbeck Montag 23. April 2007, Seite 1.
Junge Top-Ökonomen wandern aus,
Handelsblatt, By Olaf Storbeck, Montag 23. April 2007, Seite 9.
Stephanie Schmitt-Grohé, Premio Bernácer 2004 al mejor economista joven europeo,
Expansión, jueves 7 de abril de 2005.
Research Summary:Policy Evaluation in Macroeconomics,
NBER Reporter, Spring 2005.
The Research Agenda: Stephanie-Schmitt-Grohé and Martín Uribe on Policy Evaluation in Macroeconomics,
Economic Dynamics Newsletter 6, November 2004.
New Hires Expand Economics' International Profile Husband-wife team bring complementary strengths to department,
Duke Dialogue, January 2004.