John H. Cochrane

Hoover Institution

Senior Fellow

Stanford, CA 94305-6010

United States

http://faculty.chicagobooth.edu/john.cochrane/index.htm

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

University of Chicago - Booth School of Business

Professor of Finance and Economics

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

http://faculty.chicagobooth.edu/john.cochrane/research/Papers/

  • Hoover Institution

  • University of Chicago - Booth School of Business

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    • Fax: 773-702-0458
SCHOLARLY PAPERS

68

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27,044

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1,164

CROSSREF CITATIONS

3,380

Scholarly Papers (68)

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1.

New Facts in Finance

Downloads 5,889 ( 1,448)
Citation 6

New Facts in Finance

CRSP Working Paper No. 490
Number of pages: 45 Posted: 15 Dec 1999
John H. Cochrane
Hoover Institution
Downloads 2,904 (4,815)
Citation 2

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New Facts in Finance

CRSP Working Paper No. 490
Number of pages: 24 Posted: 19 Jul 2000
John H. Cochrane
Hoover Institution
Downloads 2,889 (4,853)
Citation 8

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New Facts in Finance

NBER Working Paper No. w7169
Number of pages: 44 Posted: 05 May 2000 Last Revised: 12 Oct 2010
John H. Cochrane
Hoover Institution
Downloads 96 (322,725)

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2.

The Risk and Return of Venture Capital

Downloads 3,960 ( 2,885)
Citation 80

The Risk and Return of Venture Capital

Number of pages: 41 Posted: 03 Apr 2001
John H. Cochrane
Hoover Institution
Downloads 3,649 (3,233)
Citation 81

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Venture capital, selection bias, risk and return

The Risk and Return of Venture Capital

NBER Working Paper No. w8066
Number of pages: 41 Posted: 05 Jan 2001 Last Revised: 20 Oct 2010
John H. Cochrane
Hoover Institution
Downloads 311 (115,474)

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The Risk and Return of Venture Capital

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 09 Nov 2009
John H. Cochrane
Hoover Institution

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Experimental/primary research, NASDAQ stock exchange, VentureOne dataset, Investment performance, Investment criteria, Venture capital, Initial public offerings (IPO), Return on investment, Stocks, Rates of return

3.

Decomposing the Yield Curve

AFA 2010 Atlanta Meetings Paper
Number of pages: 54 Posted: 26 Jan 2009 Last Revised: 19 Mar 2009
John H. Cochrane and Monika Piazzesi
Hoover Institution and University of Chicago - Booth School of Business
Downloads 2,374 (6,867)
Citation 132

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affine model, term structure

4.

Reforming Money Market Funds

Tuck School of Business Working Paper No. 2011-86, Rock Center for Corporate Governance at Stanford University Working Paper No. 109, Columbia Business School Research Paper No. 12-13
Number of pages: 10 Posted: 19 Jan 2011 Last Revised: 20 Feb 2012
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin, Jeremy C. Stein and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS), Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
Downloads 1,782 (10,934)
Citation 3

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5.

Portfolio Advice for a Multifactor World

Downloads 1,338 ( 17,212)
Citation 4

Portfolio Advice for a Multifactor World

CRSP Working Paper No. 491
Number of pages: 21 Posted: 19 Jul 2000
John H. Cochrane
Hoover Institution
Downloads 1,009 (25,710)
Citation 3

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Portfolio Advice for a Multifactor World

CRSP Working Paper No. 491
Number of pages: 39 Posted: 11 Aug 1999
John H. Cochrane
Hoover Institution
Downloads 268 (135,182)
Citation 5

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Portfolio Advice for a Multifactor World

NBER Working Paper No. w7170
Number of pages: 40 Posted: 06 May 2000 Last Revised: 04 Feb 2021
John H. Cochrane
Hoover Institution
Downloads 61 (420,729)

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6.

By Force of Habit: A Consumption-Based Explanation of Plantation of Aggregate Stock Market Behavior

Center for Research in Security Prices (CRSP) Working Paper No. 412
Number of pages: 67 Posted: 26 Jun 1997
John Y. Campbell and John H. Cochrane
Harvard University - Department of Economics and Hoover Institution
Downloads 1,160 (21,322)
Citation 1

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7.

Aligning Incentives at Systemically Important Financial Institutions

Columbia Business School Research Paper No. 13-18, Fisher College of Business Working Paper
Number of pages: 7 Posted: 28 Mar 2013
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS) and Ohio State University (OSU) - Department of Finance
Downloads 712 (42,484)
Citation 1

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Bonus, compensation, contingent convertible bonds, capital, regulation, financial crisis

8.

Macro-Finance

Downloads 673 ( 45,856)
Citation 83

Macro-Finance

Number of pages: 73 Posted: 30 Jul 2016
John H. Cochrane
Hoover Institution
Downloads 591 (53,684)
Citation 5

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macro-finance, habits, risk aversion, volatility, expected returns, return predictability

Macro-Finance

NBER Working Paper No. w22485
Number of pages: 74 Posted: 08 Aug 2016
John H. Cochrane
Hoover Institution
Downloads 82 (356,564)
Citation 49

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9.

Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic

Downloads 671 ( 46,035)
Citation 20

Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic

Chicago Booth Research Paper No. 10-28, CRSP Working Paper Forthcoming
Number of pages: 43 Posted: 02 Jun 2010 Last Revised: 06 Sep 2012
John H. Cochrane
Hoover Institution
Downloads 601 (52,525)
Citation 21

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Fiscal theory of the price level, Financial crisis, Monetary Policy, Inflation

Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic

NBER Working Paper No. w16087
Number of pages: 43 Posted: 21 Jun 2010
John H. Cochrane
Hoover Institution
Downloads 70 (390,956)

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10.

The Dog that Did Not Bark: A Defense of Return Predictability

Downloads 494 ( 68,035)
Citation 415

The Dog that Did Not Bark: A Defense of Return Predictability

Number of pages: 33 Posted: 06 Feb 2006
John H. Cochrane
Hoover Institution
Downloads 408 (84,803)
Citation 3

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Return predictability, volatility

The Dog that Did Not Bark: A Defense of Return Predictability

NBER Working Paper No. w12026
Number of pages: 39 Posted: 14 Jul 2006 Last Revised: 02 Jul 2009
John H. Cochrane
Hoover Institution
Downloads 86 (346,391)
Citation 73

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The Dog that Did Not Bark: A Defense of Return Predictability

The Review of Financial Studies, Vol. 21, Issue 4, pp. 1533-1575, 2008
Posted: 08 Aug 2008
John H. Cochrane
Hoover Institution

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G12, G14, C22

11.

Beyond Arbitrage: 'Good Deal' Asset Price Bounds in Incomplete Markets

Downloads 479 ( 70,658)

Beyond Arbitrage: 'Good Deal' Asset Price Bounds in Incomplete Markets

CRSP Working Paper No. 430
Number of pages: 63 Posted: 26 Jun 1998
John H. Cochrane and Jesus Saa-Requejo
Hoover Institution and Vega Asset Management LLC
Downloads 479 (69,961)
Citation 47

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Beyond Arbitrage: 'Good Deal' Asset Price Bounds in Incomplete Markets

Journal of Political Economy, Vol. 108, No. 1, February 2000
Posted: 12 Feb 2000
John H. Cochrane and Jesus Saa-Requejo
Hoover Institution and Vega Asset Management LLC

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12.

Discount Rates

NBER Working Paper No. w16972
Number of pages: 65 Posted: 25 Apr 2011
John H. Cochrane
Hoover Institution
Downloads 424 (81,786)
Citation 13

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13.

Continuous-Time Linear Models

Downloads 419 ( 82,950)
Citation 2

Continuous-Time Linear Models

Chicago Booth Research Paper No. 12-27, Fama-Miller Working Paper
Number of pages: 34 Posted: 14 Jun 2012 Last Revised: 05 Sep 2012
John H. Cochrane
Hoover Institution
Downloads 364 (96,832)

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continuous time linear models, ARMA, cointegration prediction

Continuous-Time Linear Models

NBER Working Paper No. w18181
Number of pages: 34 Posted: 22 Jun 2012 Last Revised: 07 Mar 2021
John H. Cochrane
Hoover Institution
Downloads 55 (442,881)

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Continuous-Time Linear Models

Foundations and Trends in Finance, Vol. 6, No. 3, 2011
Number of pages: 70 Posted: 23 May 2013
John H. Cochrane
Hoover Institution
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dynamic corporate finance, structural empirical methods, dynamic capital structure models

14.

Toward a Run-Free Financial System

Number of pages: 50 Posted: 18 Apr 2014
John H. Cochrane
Hoover Institution
Downloads 416 (83,652)
Citation 48

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Financial regulation, crises, Dodd-Frank, runs

15.

After the ACA: Freeing the Market for Health Care

Number of pages: 28 Posted: 07 Feb 2013
John H. Cochrane
Hoover Institution
Downloads 409 (85,335)
Citation 1

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health economics, health insurance, ACA

16.

Where is the Market Going? Uncertain Facts and Novel Theories

Downloads 370 ( 95,781)
Citation 17

Where is the Market Going? Uncertain Facts and Novel Theories

Number of pages: 40 Posted: 12 Apr 1998
Helen O'D. Koshy and John H. Cochrane
Federal Reserve Bank of Chicago and Hoover Institution
Downloads 275 (131,641)
Citation 8

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Where is the Market Going? Uncertain Facts and Novel Theories

NBER Working Paper No. w6207
Number of pages: 58 Posted: 10 Jun 2000 Last Revised: 18 Apr 2008
John H. Cochrane
Hoover Institution
Downloads 95 (324,950)
Citation 2

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17.

A Frictionless View of U.S. Inflation

Downloads 324 (111,188)
Citation 19

A Frictionless View of U.S. Inflation

CRSP Working Paper No. 479
Number of pages: 64 Posted: 19 Jul 2000
John H. Cochrane
Hoover Institution
Downloads 193 (186,090)
Citation 20

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A Frictionless View of U.S. Inflation

CRSP Working Paper No. 479
Number of pages: 64 Posted: 06 Nov 1998
John H. Cochrane
Hoover Institution
Downloads 96 (322,725)

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A Frictionless View of U.S. Inflation

NBER Working Paper No. w6646
Number of pages: 63 Posted: 05 May 2000 Last Revised: 10 Oct 2010
John H. Cochrane
Hoover Institution
Downloads 35 (532,781)

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18.

Two Trees: Asset Price Dynamics Induced by Market Clearing

Downloads 314 (114,996)
Citation 53

Two Trees: Asset Price Dynamics Induced by Market Clearing

AFA 2005 Philadelphia Meetings; EFA 2004 Maastricht Meetings Paper No. 1318
Number of pages: 46 Posted: 23 Jun 2004
John H. Cochrane, Francis A. Longstaff and Pedro Santa-Clara
Hoover Institution, University of California, Los Angeles (UCLA) - Finance Area and New University of Lisbon - Nova School of Business and Economics
Downloads 269 (134,642)

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Two Trees: Asset Price Dynamics Induced by Market Clearing

NBER Working Paper No. w10116
Number of pages: 46 Posted: 27 Nov 2003 Last Revised: 24 Aug 2010
John H. Cochrane, Francis A. Longstaff and Pedro Santa-Clara
Hoover Institution, University of California, Los Angeles (UCLA) - Finance Area and New University of Lisbon - Nova School of Business and Economics
Downloads 45 (484,084)
Citation 6

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19.

Bond Risk Premia

NBER Working Paper No. w9178
Number of pages: 45 Posted: 15 Sep 2002 Last Revised: 30 Jan 2021
John H. Cochrane and Monika Piazzesi
Hoover Institution and University of Chicago - Booth School of Business
Downloads 310 (116,579)
Citation 65

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20.

A Mean-Variance Benchmark for Intertemporal Portfolio Theory

Downloads 294 (123,332)
Citation 26

A Mean-Variance Benchmark for Intertemporal Portfolio Theory

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 24 Jan 2013
John H. Cochrane
Hoover Institution
Downloads 266 (136,306)

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Portfolio theory, long-run, asset pricing

A Mean-Variance Benchmark for Intertemporal Portfolio Theory

NBER Working Paper No. w18768
Number of pages: 53 Posted: 02 Feb 2013 Last Revised: 14 Apr 2021
John H. Cochrane
Hoover Institution
Downloads 28 (573,486)
Citation 13

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21.

Financial Markets and the Real Economy

Downloads 286 (126,915)
Citation 102

Financial Markets and the Real Economy

NBER Working Paper No. w11193
Number of pages: 88 Posted: 29 Sep 2006 Last Revised: 03 Aug 2010
John H. Cochrane
Hoover Institution
Downloads 283 (127,671)
Citation 16

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Financial Markets and the Real Economy

Foundations and Trends in Finance, Vol. 1, No. 1, 2005
Number of pages: 102 Posted: 24 Jun 2010
John H. Cochrane
Hoover Institution
Downloads 3 (765,600)
Citation 1
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22.

Finance: Function Matters, Not Size

Downloads 285 (127,379)
Citation 31

Finance: Function Matters, Not Size

Number of pages: 26 Posted: 03 Apr 2013
John H. Cochrane
Hoover Institution
Downloads 262 (138,486)

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Finance: Function Matters, Not Size

NBER Working Paper No. w18944
Number of pages: 27 Posted: 05 Apr 2013 Last Revised: 07 Apr 2021
John H. Cochrane
Hoover Institution
Downloads 23 (607,726)
Citation 8

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23.

Inflation Determination With Taylor Rules: A Critical Review

Number of pages: 47 Posted: 12 Sep 2007
John H. Cochrane
Hoover Institution
Downloads 265 (137,489)
Citation 24

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Taylor rule, determinacy, interest rate, inflation, price level

24.

Cost-Benefit Analysis as a Framework for Financial Regulation

Number of pages: 25 Posted: 18 Apr 2014
John H. Cochrane
Hoover Institution
Downloads 258 (141,279)
Citation 14

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cost-benefit, benefit-cost, financial regulation

25.

Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

Downloads 232 (156,703)
Citation 28

Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

CRSP Working Paper No. 478
Number of pages: 42 Posted: 11 Sep 2000
John H. Cochrane
Hoover Institution
Downloads 190 (188,779)
Citation 29

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Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

NBER Working Paper No. w6771
Number of pages: 41 Posted: 17 Nov 1998 Last Revised: 11 Oct 2010
John H. Cochrane
Hoover Institution
Downloads 42 (497,980)

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Long-Term Debt and Optimal Policy in the Fiscal Theory of the Price Level

Econometrica
Posted: 11 Sep 2000
John H. Cochrane
Hoover Institution

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26.

A New Structure for U.S. Federal Debt

Number of pages: 42 Posted: 20 Mar 2015
John H. Cochrane
Hoover Institution
Downloads 187 (191,618)
Citation 8

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Debt, maturity structure, electronic money

27.

The New-Keynesian Liquidity Trap

Downloads 184 (194,348)
Citation 28

The New-Keynesian Liquidity Trap

Number of pages: 47 Posted: 21 Sep 2013 Last Revised: 14 Oct 2014
John H. Cochrane
Hoover Institution
Downloads 155 (225,467)
Citation 1

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New-Keynesian models, liquidity trap, stimulus, multiplier

The New-Keynesian Liquidity Trap

NBER Working Paper No. w19476
Number of pages: 40 Posted: 28 Sep 2013 Last Revised: 21 Mar 2021
John H. Cochrane
Hoover Institution
Downloads 29 (567,170)
Citation 15

Abstract:

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28.

Shocks

NBER Working Paper No. w4698
Number of pages: 60 Posted: 19 Jul 2005
John H. Cochrane
Hoover Institution
Downloads 171 (207,192)
Citation 8

Abstract:

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29.

A Cross-Sectional Test of a Production-Based Asset Pricing Model

NBER Working Paper No. w4025
Number of pages: 66 Posted: 28 Dec 2006 Last Revised: 16 Jul 2010
John H. Cochrane
Hoover Institution
Downloads 150 (231,149)
Citation 7

Abstract:

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30.

Stocks as Money: Convenience Yield and the Tech-Stock Bubble

NBER Working Paper No. w8987
Number of pages: 30 Posted: 07 Jun 2002 Last Revised: 24 Oct 2014
John H. Cochrane
Hoover Institution
Downloads 140 (244,471)
Citation 6

Abstract:

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31.

Identification With Taylor Rules: A Critical Review

Number of pages: 43 Posted: 12 Sep 2007
John H. Cochrane
Hoover Institution
Downloads 139 (245,899)
Citation 20

Abstract:

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Taylor rule, interest rate, inflation, identification

32.

By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior

Downloads 129 (260,516)

By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior

NBER Working Paper No. w4995
Number of pages: 57 Posted: 24 Jul 2000 Last Revised: 25 Feb 2021
John Y. Campbell and John H. Cochrane
Harvard University - Department of Economics and Hoover Institution
Downloads 129 (261,477)
Citation 41

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By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior

Journal of Political Economy, Vol. 107, No. 2, April 1999
Posted: 15 Mar 1999
John Y. Campbell and John H. Cochrane
Harvard University - Department of Economics and Hoover Institution

Abstract:

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33.

The Value of Government Debt

Downloads 125 (266,787)

The Value of Government Debt

Number of pages: 25 Posted: 12 Jul 2019 Last Revised: 26 Feb 2020
John H. Cochrane
Hoover Institution
Downloads 107 (299,963)

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government debt, deficits, fiscal policy

The Value of Government Debt

NBER Working Paper No. w26090
Number of pages: 26 Posted: 23 Jul 2019
John H. Cochrane
Hoover Institution
Downloads 18 (644,315)
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34.

Asset Pricing Explorations for Macroeconomics

NBER Working Paper No. w4088
Number of pages: 76 Posted: 27 Apr 2000 Last Revised: 05 Mar 2021
John H. Cochrane and Lars Peter Hansen
Hoover Institution and University of Chicago - Department of Economics
Downloads 120 (274,988)
Citation 1

Abstract:

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35.

Health-Status Insurance: How Markets Can Provide Health Security

Cato Policy Analysis Series, No. 633, February 18, 2009
Number of pages: 12 Posted: 27 Aug 2009
John H. Cochrane
Hoover Institution
Downloads 119 (276,748)

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health-status insurance, health-status insurance account, premium reclassification, preexisting condition

36.

Determinacy and Identification with Taylor Rules

Downloads 102 (308,011)
Citation 106

Determinacy and Identification with Taylor Rules

NBER Working Paper No. w13410
Number of pages: 36 Posted: 18 Sep 2007 Last Revised: 25 Sep 2010
John H. Cochrane
Hoover Institution
Downloads 55 (442,881)

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Determinacy and Identification with Taylor Rules

NBER Working Paper No. w13410
Number of pages: 36 Posted: 18 Sep 2007 Last Revised: 25 Sep 2010
John H. Cochrane
Hoover Institution
Downloads 29 (567,170)

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Determinacy and Identification with Taylor Rules

NBER Working Paper No. w13409
Number of pages: 36 Posted: 22 Aug 2012 Last Revised: 21 Feb 2021
John H. Cochrane
Hoover Institution
Downloads 18 (644,315)
Citation 22

Abstract:

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37.

Wealth and Taxes

Cato Institute, Tax and Budget Bulletin No. 86
Number of pages: 13 Posted: 28 Apr 2020
John H. Cochrane
Hoover Institution
Downloads 101 (310,064)
Citation 1

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wealth inequality, taxes, economics, wealth distribution, consumption, income, wealth tax, tax evasion

38.

Volatility Tests and Efficient Markets: A Review Essay

NBER Working Paper No. w3591
Number of pages: 33 Posted: 08 Jan 2008
John H. Cochrane
Hoover Institution
Downloads 90 (333,796)
Citation 5

Abstract:

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39.

A Rehabilitation of Stochastic Discount Factor Methodology

NBER Working Paper No. w8533
Number of pages: 9 Posted: 11 Oct 2001
John H. Cochrane
Hoover Institution
Downloads 88 (338,486)
Citation 1

Abstract:

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40.

Explaining the Variance of Price Dividend Ratios

NBER Working Paper No. w3157
Number of pages: 56 Posted: 18 Sep 2007 Last Revised: 19 Aug 2010
John H. Cochrane
Hoover Institution
Downloads 80 (358,365)
Citation 26

Abstract:

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41.

Production Based Asset Pricing

NBER Working Paper No. w2776
Number of pages: 49 Posted: 27 Jun 2004 Last Revised: 01 Feb 2021
John H. Cochrane
Hoover Institution
Downloads 67 (395,534)

Abstract:

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42.

The Fragile Benefits of Endowment Destruction

Number of pages: 11 Posted: 20 Mar 2015
John H. Cochrane and John Y. Campbell
Hoover Institution and Harvard University - Department of Economics
Downloads 66 (398,640)
Citation 2

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Habits

43.

Money as Stock: Price Level Determination with No Money Demand

NBER Working Paper No. w7498
Number of pages: 32 Posted: 03 Mar 2000 Last Revised: 14 Oct 2010
John H. Cochrane
Hoover Institution
Downloads 59 (421,827)
Citation 10

Abstract:

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44.

What Do the Vars Mean?: Measuring the Output Effects of Monetary Policy

NBER Working Paper No. w5154
Number of pages: 24 Posted: 06 Sep 2000 Last Revised: 30 Aug 2010
John H. Cochrane
Hoover Institution
Downloads 56 (432,339)
Citation 2

Abstract:

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45.

Rethinking Production Under Uncertainty

Downloads 55 (436,009)

Rethinking Production Under Uncertainty

Number of pages: 70 Posted: 16 Dec 2019 Last Revised: 06 Apr 2020
John H. Cochrane
Hoover Institution
Downloads 45 (484,084)

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production-based asset pricing

Rethinking Production Under Uncertainty

NBER Working Paper No. w26535
Number of pages: 71 Posted: 09 Dec 2019 Last Revised: 26 Feb 2021
John H. Cochrane
Hoover Institution
Downloads 10 (707,209)
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46.

Beyond Arbitrage: "Good-Deal" Asset Price Bounds in Incomplete Markets

NBER Working Paper No. w5489
Number of pages: 70 Posted: 19 Jul 2000 Last Revised: 30 Sep 2010
John H. Cochrane and Jesus Saa-Requejo
Hoover Institution and Vega Asset Management LLC
Downloads 52 (446,970)

Abstract:

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47.

Explaining the Poor Performance of Consumption-Based Asset Pricing Models

NBER Working Paper No. w7237
Number of pages: 22 Posted: 26 Apr 2000 Last Revised: 05 May 2000
John Y. Campbell and John H. Cochrane
Harvard University - Department of Economics and Hoover Institution
Downloads 52 (446,970)
Citation 1

Abstract:

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48.

International Risk Sharing is Better than You Think (or Exchange Rates are Much Too Smooth)

NBER Working Paper No. w8404
Number of pages: 34 Posted: 29 Jul 2001 Last Revised: 09 Sep 2002
Michael W. Brandt, John H. Cochrane and Pedro Santa-Clara
Duke University - Fuqua School of Business, Hoover Institution and New University of Lisbon - Nova School of Business and Economics
Downloads 51 (450,734)
Citation 17

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49.

The Fiscal Roots of Inflation

Downloads 50 (454,645)
Citation 1

The Fiscal Roots of Inflation

Number of pages: 67 Posted: 25 May 2019 Last Revised: 15 Sep 2020
John H. Cochrane
Hoover Institution
Downloads 34 (538,284)
Citation 1

Abstract:

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inflation, fiscal theory of the price level, monetary policy

The Fiscal Roots of Inflation

NBER Working Paper No. w25811
Number of pages: 45 Posted: 07 May 2019
John H. Cochrane
Hoover Institution
Downloads 16 (659,515)

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50.

The Fed and Interest Rates: A High-Frequency Identification

NBER Working Paper No. w8839
Number of pages: 17 Posted: 23 Mar 2002 Last Revised: 26 Feb 2021
John H. Cochrane and Monika Piazzesi
Hoover Institution and University of Chicago - Booth School of Business
Downloads 48 (462,516)
Citation 47

Abstract:

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51.

Monetary Policy with Interest on Reserves

Number of pages: 53 Posted: 15 Oct 2014
John H. Cochrane
Hoover Institution
Downloads 46 (470,767)

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monetary policy, fiscal theory of the price level, interest on reserves, federal reserve balance sheet

52.

Univariate vs. Multivariate Forecasts of Gnp Growth and Stock Returns: Evidence and Implications for the Persistence of Shocks, Detrending Methods

NBER Working Paper No. w3427
Number of pages: 36 Posted: 18 Jan 2002
John H. Cochrane
Hoover Institution
Downloads 41 (492,456)

Abstract:

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53.

Using Production Based Asset Pricing to Explain the Behavior of Stock Returns Over the Business Cycle

NBER Working Paper No. w3212
Number of pages: 48 Posted: 14 Jan 2001 Last Revised: 12 Apr 2021
John H. Cochrane
Hoover Institution
Downloads 41 (492,456)

Abstract:

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54.

A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt

Downloads 40 (496,877)
Citation 1

A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt

Number of pages: 80 Posted: 02 Mar 2020 Last Revised: 16 Oct 2020
John H. Cochrane
Hoover Institution
Downloads 35 (532,781)

Abstract:

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fiscal theory, monetary policy, interest rate targets

A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt

NBER Working Paper No. w26745
Number of pages: 81 Posted: 11 Feb 2020 Last Revised: 29 Jan 2021
John H. Cochrane
Hoover Institution
Downloads 5 (747,845)
Citation 1
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55.

A Test of Consumption Insurance

NBER Working Paper No. w2642
Number of pages: 25 Posted: 09 Mar 2004 Last Revised: 22 Mar 2021
John H. Cochrane
Hoover Institution
Downloads 40 (496,877)
Citation 28

Abstract:

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56.

Stepping on a Rake: Replication and Diagnosis

Downloads 39 (501,512)
Citation 1

Stepping on a Rake: Replication and Diagnosis

Number of pages: 42 Posted: 19 Dec 2016
John H. Cochrane
Hoover Institution
Downloads 26 (586,674)
Citation 2

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Fiscal Theory, Monetary Policy, Interest Rates, Inflation

Stepping on a Rake: The Fiscal Theory of Monetary Policy

NBER Working Paper No. w22979
Number of pages: 57 Posted: 27 Dec 2016
John H. Cochrane
Hoover Institution
Downloads 13 (683,224)

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57.

Stepping on a Rake: The Fiscal Theory of Monetary Policy

European Economic Review, Forthcoming
Number of pages: 55 Posted: 20 Oct 2017
John H. Cochrane
Hoover Institution
Downloads 34 (525,584)
Citation 5

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Monetary, Fiscal, Inflation

58.

Portfolios for Long-Term Investors

Downloads 33 (530,760)

Portfolios for Long-Term Investors

NBER Working Paper No. w28513
Number of pages: 54 Posted: 01 Mar 2021 Last Revised: 06 Mar 2021
John H. Cochrane
Hoover Institution
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Portfolios for long-term investors

Number of pages: 53 Posted: 22 Mar 2021
John H. Cochrane
Hoover Institution
Downloads 14 (675,191)

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Portfolios

59.

The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives

NBER Working Paper No. w2730
Number of pages: 52 Posted: 19 Mar 2001 Last Revised: 20 Mar 2001
John H. Cochrane
Hoover Institution
Downloads 31 (541,207)
Citation 10

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60.

Strategic Review and Beyond: Rethinking Monetary Policy and Independence

Number of pages: 22 Posted: 19 Aug 2020
John H. Cochrane
Hoover Institution
Downloads 27 (563,840)

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61.

Can Learnability Save New-Keynesian Models?

NBER Working Paper No. w15459
Number of pages: 9 Posted: 03 Nov 2009 Last Revised: 29 Mar 2021
John H. Cochrane
Hoover Institution
Downloads 22 (595,760)

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62.

Monetary Policy with Interest on Reserves

NBER Working Paper No. w20613
Number of pages: 54 Posted: 27 Oct 2014
John H. Cochrane
Hoover Institution
Downloads 21 (602,414)
Citation 5

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63.

The Squam Lake Report: Fixing the Financial System

Journal of Applied Corporate Finance, Vol. 22, Issue 3, pp. 8-21, Summer 2010
Number of pages: 16 Posted: 04 Oct 2010
Kenneth R. French, Martin Neil Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Anil K. Kashyap, Frederic S. Mishkin, Raghuram G. Rajan, David S. Scharfstein, Robert J. Shiller, Hyun Song Shin, Matthew J. Slaughter, Jeremy C. Stein and René M. Stulz
Dartmouth College - Tuck School of Business, Institute for International Economics, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, University of Chicago - Booth School of Business, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Bank for International Settlements (BIS), Dartmouth College - Tuck School of Business, Harvard University - Department of Economics and Ohio State University (OSU) - Department of Finance
Downloads 7 (702,091)
Citation 4
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64.

How Did Paul Krugman Get it so Wrong?

Economic Affairs, Vol. 31, Issue 2, pp. 36-40, 2011
Number of pages: 5 Posted: 06 Jun 2011
John H. Cochrane
Hoover Institution
Downloads 3 (733,376)
Citation 2
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Paul Krugman, stimulus, Keynes, efficient markets

65.

Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group

Journal of Applied Corporate Finance, Vol. 25, Issue 4, pp. 37-40, 2013
Number of pages: 6 Posted: 23 Dec 2013
Martin N. Baily, John Y. Campbell, John H. Cochrane, Douglas W. Diamond, Darrell Duffie, Kenneth R. French, Anil K. Kashyap, Frederic S. Mishkin, David S. Scharfstein, Robert J. Shiller, Matthew J. Slaughter, Hyun Song Shin and René M. Stulz
Brookings Institution, Harvard University - Department of Economics, Hoover Institution, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business, Dartmouth College - Tuck School of Business, University of Chicago, Booth School of Business, Columbia Business School - Finance and Economics, Harvard Business School - Finance Unit, Yale University - Cowles Foundation, Dartmouth College - Tuck School of Business, Bank for International Settlements (BIS) and Ohio State University (OSU) - Department of Finance
Downloads 0 (773,710)
Citation 1
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66.

Lessons from the Financial Crisis

Posted: 12 Jan 2010
John H. Cochrane
Hoover Institution

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67.

Two Trees

The Review of Financial Studies, Vol. 21, Issue 1, pp. 347-385, 2008
Posted: 26 Jun 2008
John H. Cochrane, Francis A. Longstaff and Pedro Santa-Clara
Hoover Institution, University of California, Los Angeles (UCLA) - Finance Area and New University of Lisbon - Nova School of Business and Economics

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68.

A Cross-Sectional Test of an Investment-Based Asset Pricing Model

J. OF POLITICAL ECONOMY, Vol. 104 No. 3, June 1996
Posted: 25 Sep 1996
John H. Cochrane
Hoover Institution

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