Martin S. Eichenbaum
Department of Economics
Northwestern University
2003 Sheridan Road
Evanston, IL 60208
Tel: 847/491-8232
Fax: 847/491-7001
E-Mail: 
WWW: http://faculty.wcas.northwestern.edu/~yona/
NBER Program Affiliations:
EFG
,
ME
,
IFM
NBER Affiliation: Research Associate
Institutional Affiliation: Northwestern University
Information about this author at RePEc
NBER Working Papers and Publications
| September 2019 | Editorial in "NBER Macroeconomics Annual 2019, volume 34"
with Erik Hurst, Jonathan A. Parker
in NBER Macroeconomics Annual 2019, volume 34, Martin S. Eichenbaum, Erik Hurst, and Jonathan A. Parker, editors
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| October 2018 | State Dependent Effects of Monetary Policy: the Refinancing Channel
with Sergio Rebelo, Arlene Wong: w25152
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| August 2018 | Editorial in "NBER Macroeconomics Annual 2018, volume 33"
with Jonathan Parker
in NBER Macroeconomics Annual 2018, volume 33, Martin Eichenbaum and Jonathan A. Parker, editors
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| July 2018 | On DSGE Models
with Lawrence J. Christiano, Mathias Trabandt: w24811
Published: Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2018. "On DSGE Models," Journal of Economic Perspectives, vol 32(3), pages 113-140. citation courtesy of 
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| May 2018 | Does the New Keynesian Model Have a Uniqueness Problem?
with Lawrence Christiano, Benjamin K. Johannsen: w24612
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| August 2017 | Editorial in "NBER Macroeconomics Annual 2017, volume 32"
with Jonathan A. Parker
in NBER Macroeconomics Annual 2017, volume 32, Martin Eichenbaum and Jonathan A. Parker, editors
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| February 2017 | Monetary Policy and the Predictability of Nominal Exchange Rates
with Benjamin K. Johannsen, Sergio Rebelo: w23158
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| September 2016 | Editorial in "NBER Macroeconomics Annual 2016, Volume 31"
with Jonathan A. Parker
in NBER Macroeconomics Annual 2016, Volume 31, Martin Eichenbaum and Jonathan A. Parker, editors
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| September 2015 | Editorial in "NBER Macroeconomics Annual 2015, Volume 30"
with Jonathan A. Parker
in NBER Macroeconomics Annual 2015, Volume 30, Martin Eichenbaum and Jonathan A. Parker, editors
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| January 2015 | Long-run Bulls and Bears
with Rui Albuquerque, Dimitris Papanikolaou, Sergio Rebelo: w20858
Published: Albuquerque, Rui & Eichenbaum, Martin & Papanikolaou, Dimitris & Rebelo, Sergio, 2015. "Long-run bulls and bears," Journal of Monetary Economics, Elsevier, vol. 76(S), pages S21-S36. citation courtesy of
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| October 2014 | Comment on "Quantifying the Lasting Harm to the U.S. Economy from the Financial Crisis"
in NBER Macroeconomics Annual 2014, Volume 29, Jonathan A. Parker and Michael Woodford, editors
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| April 2014 | Understanding the Great Recession
with Lawrence J. Christiano, Mathias Trabandt: w20040
Published: Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2015. "Understanding the Great Recession," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(1), pages 110-67, January. citation courtesy of
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| October 2013 | Understanding the Great Recession
with Lawrence J. Christiano, Mathias Trabandt
in Lessons from the Financial Crisis for Monetary Policy, Mark Gertler, organizer
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| August 2013 | Unemployment and Business Cycles
with Lawrence J. Christiano, Mathias Trabandt: w19265
Published: Lawrence J. Christiano & Martin S. Eichenbaum & Mathias Trabandt, 2016. "Unemployment and Business Cycles," Econometrica, Econometric Society, vol. 84, pages 1523-1569, 07. citation courtesy of
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| December 2012 | Valuation Risk and Asset Pricing
with Rui Albuquerque, Sergio Rebelo: w18617
Published: RUI ALBUQUERQUE & MARTIN EICHENBAUM & VICTOR XI LUO & SERGIO REBELO, 2016. "Valuation Risk and Asset Pricing," The Journal of Finance, vol 71(6), pages 2861-2904. citation courtesy of
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| September 2012 | Understanding the Profitability of Currency-Trading Strategies
with Craig Burnside, Sergio Rebelo NBER Reporter 2012 number 3
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| March 2012 | How Frequent Are Small Price Changes?
with Nir Jaimovich, Sergio Rebelo, Josephine Smith: w17956
Published: Martin Eichenbaum & Nir Jaimovich & Sergio Rebelo & Josephine Smith, 2014. "How Frequent Are Small Price Changes?," American Economic Journal: Macroeconomics, American Economic Association, vol. 6(2), pages 137-55, April. citation courtesy of
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| August 2011 | Comment on "Natural Expectations, Macroeconomic Dynamics, and Asset Pricing"
in NBER Macroeconomics Annual 2011, Volume 26, Daron Acemoglu and Michael Woodford, editors
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| April 2011 | Carry Trade and Momentum in Currency Markets
with Craig Burnside, Sergio Rebelo: w16942
Published: Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2011. "Carry Trade and Momentum in Currency Markets," Annual Review of Financial Economics, Annual Reviews, vol. 3(1), pages 511-535, December. citation courtesy of
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| January 2011 | Understanding Booms and Busts in Housing Markets
with Craig Burnside, Sergio Rebelo: w16734
Published: Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2016. "Understanding Booms and Busts in Housing Markets," Journal of Political Economy, University of Chicago Press, vol. 124(4), pages 000 - 000. citation courtesy of
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| October 2009 | When is the government spending multiplier large?
with Lawrence Christiano, Sergio Rebelo: w15394
Published: Lawrence Christiano & Martin Eichenbaum & Sergio Rebelo, 2011. "When Is the Government Spending Multiplier Large?," Journal of Political Economy, University of Chicago Press, vol. 119(1), pages 78 - 121. citation courtesy of
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| June 2008 | Do Peso Problems Explain the Returns to the Carry Trade?
with A. Craig Burnside, Isaac Kleshchelski, Sergio Rebelo: w14054
Published: Craig Burnside & Martin Eichenbaum & Isaac Kleshchelski & Sergio Rebelo, 2011. "Do Peso Problems Explain the Returns to the Carry Trade?," Review of Financial Studies, Society for Financial Studies, vol. 24(3), pages 853-891. citation courtesy of
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| March 2008 | Reference Prices and Nominal Rigidities
with Nir Jaimovich, Sergio Rebelo: w13829
Published: Martin Eichenbaum, Nir Jaimovich and Sergio Rebelo, `Reference Prices and Nominal Rigidities’, American Economic Review , February 2011, vol. 101, issue 1, 242 272.
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| July 2007 | Understanding the Forward Premium Puzzle: A Microstructure Approach
with Craig Burnside, Sergio Rebelo: w13278
Published: Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2009.
"Understanding the Forward Premium Puzzle: A Microstructure Approach,"
American Economic Journal: Macroeconomics,
American Economic Association, vol. 1(2), pages 127-54, July.
citation courtesy of
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| May 2007 | Assessing Structural VARs
with Lawrence J. Christiano, Robert Vigfusson
in NBER Macroeconomics Annual 2006, Volume 21, Daron Acemoglu, Kenneth Rogoff and Michael Woodford, editors
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| February 2007 | The Returns to Currency Speculation in Emerging Markets
with Craig Burnside, Sergio Rebelo: w12916
Published: Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2007. "The Returns to Currency Speculation in Emerging Markets," American Economic Review, American Economic Association, vol. 97(2), pages 333-338, May. citation courtesy of
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| August 2006 | The Returns to Currency Speculation
with Craig Burnside, Isaac Kleshchelski, Sergio Rebelo: w12489
Published: Craig Burnside & Martin Eichenbaum & Sergio Rebelo, 2007. "The Returns to Currency Speculation in Emerging Markets," American Economic Review, American Economic Association, vol. 97(2), pages 333-338, May.
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| July 2006 | Assessing Structural VARs
with Lawrence J. Christiano, Robert Vigfusson: w12353
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| October 2005 | The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
with Ariel Burstein, Sergio Rebelo: w11699
Published: Burstein, Ariel, Martin Eichenbaum and Sergio Rebelo. "The Importance Of Nontradable Goods' Prices In Cyclical Real Exchange Rate Fluctuations," Japan and the World Economy, 2006, v18(3,Aug), 247-253. citation courtesy of
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| September 2005 | Modeling Exchange-Rate Passthrough After Large Devaluations
with Ariel Burstein, Sergio Rebelo: w11638
Published: Burstein, Ariel & Eichenbaum, Martin & Rebelo, Sergio, 2007. "Modeling exchange rate passthrough after large devaluations," Journal of Monetary Economics, Elsevier, vol. 54(2), pages 346-368, March. citation courtesy of
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| January 2005 | Firm-Specific Capital, Nominal Rigidities and the Business Cycle
with David Altig, Lawrence Christiano, Jesper Linde: w11034
Published: David Altig & Lawrence Christiano & Martin Eichenbaum & Jesper Linde, . "Firm-Specific Capital, Nominal Rigidities and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics. citation courtesy of
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| December 2004 | Large Devaluations and the Real Exchange Rate
with Ariel Burstein, Sergio Rebelo: w10986
Published: Ariel Burstein & Martin Eichenbaum & Sergio Rebelo, 2005. "Large Devaluations and the Real Exchange Rate," Journal of Political Economy, University of Chicago Press, vol. 113(4), pages 742-784, August. citation courtesy of
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| July 2004 | Evaluating the Calvo Model of Sticky Prices
with Jonas D.M. Fisher: w10617
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| April 2004 | Fiscal Policy in the Aftermath of 9/11
with Jonas Fisher: w10430
Published: Eichenbaum, Martin & Fisher, Jonas D M, 2005. "Fiscal Policy in the Aftermath of 9/11," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(1), pages 1-22, February. citation courtesy of
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| January 2004 | The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology
with Lawrence J. Christiano, Robert Vigfusson: w10254
Published: Lawrence J. Christiano & Martin Eichenbaum & Robert Vigfusson, 2004. "The Response of Hours to a Technology Shock: Evidence Based on Direct Measures of Technology," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 381-395, 04/05. citation courtesy of
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| July 2003 | What Happens After a Technology Shock?
with Lawrence J. Christiano, Robert Vigfusson: w9819
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| June 2003 | Government Finance in the Wake of Currency Crises
with Craig Burnside, Sergio Rebelo: w9786
Published: Burnside, Craig, Martin Eichenbaum and Sergio Rebelo. "Government Finance In The Wake Of Currency Crises," Journal of Monetary Economics, 2006, v53(3,Apr), 401-440. citation courtesy of
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| Fiscal Shocks and Their Consequences
with Craig Burnside, Jonas Fisher: w9772
Published: Burnside, Craig & Eichenbaum, Martin & Fisher, Jonas D. M., 2004. "Fiscal shocks and their consequences," Journal of Economic Theory, Elsevier, vol. 115(1), pages 89-117, March. citation courtesy of
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| January 2003 | On the Fiscal Implications of Twin Crises
with A. Craig Burnside, Sergio Rebelo
in Managing Currency Crises in Emerging Markets, Michael P. Dooley and Jeffrey A. Frankel, editors
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| January 2002 | Why Are Rates of Inflation So Low After Large Devaluations?
with Ariel Burstein, Sergio Rebelo: w8748
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| July 2001 | Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
with Lawrence J. Christiano, Charles Evans: w8403
Published:
- Christiano, Lawrence J., Martin Eichenbaum, and Charles L. Evans. 2005. "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy," Journal of Political Economy, 113(1): 1-45, February 2005 citation courtesy of
- Lawrence J. Christiano & Martin Eichenbaum & Charles Evans, 2001. "Nominal rigidities and the dynamic effects of a shock to monetary policy," Proceedings, Federal Reserve Bank of San Francisco, issue Jun. citation courtesy of
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| May 2001 | On the Fiscal Implications of Twin Crises
with Craig Burnside, Sergio Rebelo: w8277
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| February 2000 | On the Fundamentals of Self-Fulfilling Speculative Attacks
with Craig Burnside, Sergio T. Rebelo: w7554
Published: Burnside, Craig, Martin Eichenbaum and Sergio Rebelo. "Government Guarantees And Self-Fulfilling Speculative Attacks," Journal of Economic Theory, 2004, v119(1,Nov), 31-63.
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| January 2000 | Assessing the Effects of Fiscal Shocks
with Craig Burnside, Jonas D.M. Fisher: w7459
Published: Burnside, Craig, Martin Eichenbaum and Jonas Fisher. “Fiscal Shocks and Their Consequences." Journal of Economic Theory 115, 1 (2004): 89–117.
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| Fiscal Shocks in an Efficiency Wage Model
with Craig Burnside, Jonas D.M. Fisher: w7515
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| May 1999 | Hedging and Financial Fragility in Fixed Exchange Rate Regimes
with Craig Burnside, Sergio Rebelo: w7143
Published: Burnside, Craig, Martin Eichenbaum and Sergio Rebelo. "Hedging And Financial Fragility In Fixed Exchange Rate Regimes," European Economic Review, 2001, v45(7,Jun), 1151-1193. citation courtesy of
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| October 1998 | Prospective Deficits and the Asian Currency Crisis
with Craig Burnside, Sergio Rebelo: w6758
Published: Burnside, Craig, Martin Eichenbaum and Sergio Rebelo. "Prospective Deficits And The Asian Currency Crisis," Journal of Political Economy, 2001, v109(6,Dec), 1155-1197. citation courtesy of
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| September 1998 | Understanding the Effects of a Shock to Government Purchases
with Wendy Edelberg, Jonas D.M. Fisher: w6737
Published: Review of Economic Dynamics, Vol. 2, no. 1 (January 1999): 166-206 citation courtesy of
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| February 1998 | Monetary Policy Shocks: What Have We Learned and to What End?
with Lawrence J. Christiano, Charles L. Evans: w6400
Published:
- Published as "The Effects of Monetary Policy Shocks: Evidence from the Flow of Funds", Review of Economics and Statistics, Vol. 78, no. 1(February 1996): 16-34.
- Christiano, Lawrence J. & Eichenbaum, Martin & Evans, Charles L., 1999. "Monetary policy shocks: What have we learned and to what end?," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 2, pages 65-148 Elsevier.
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| January 1998 | Modeling Money
with Lawrence J. Christiano, Charles L. Evans: w6371
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| October 1996 | Sticky Price and Limited Participation Models of Money: A Comparison
with Lawrence J. Christiano, Charles L. Evans: w5804
Published: Christiano, Lawrence J., Martin Eichenbaum and Charles L. Evans. "Sticky Price And Limited Participation Models Of Money: A Comparison," European Economic Review, 1997, v41(6,Jun), 1201-1249. citation courtesy of
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| April 1996 | Expectation Traps and Discretion
with V. V. Chari, Lawrence J. Christiano: w5541
Published: Journal of Economic Theory, Vol. 81, no. 2 (August 1998): 462-492 citation courtesy of
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| October 1995 | Sectoral Solow Residuals
with Craig Burnside, Sergio Rebelo: w5286
Published: Burnside, A. Craig, Martin S. Eichenbaum and Sergio T. Rebelo. "Sectoral Solow Residuals," European Economic Review, 1996, v40(3-5,Apr), 861-869. citation courtesy of
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| September 1995 | Inside Money, Outside Money and Short Term Interest Rates
with V. V. Chari, Lawrence J. Christiano: w5269
Published:
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| May 1995 | Capital Utilization and Returns to Scale
with Craig Burnside, Sergio Rebelo: w5125
Published: Bernanke, Ben S. and Julio Rotemberg (eds.) NBER Macroeconomics Annual 1995. Cambridge: MIT Press, 1995.
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| January 1995 | Capital Utilization and Returns to Scale
with Craig Burnside, Sergio Rebelo
in NBER Macroeconomics Annual 1995, Volume 10, Ben S. Bernanke and Julio J. Rotemberg, editors
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| May 1994 | Small Sample Properties of Generalized Method of Moments Based Wald Tests
with Craig Burnside: t0155
Published: Burnside, Craig and Martin Eichenbaum. "Small-Sample Properties Of GMM-Based Wald Tests," Journal of Business and Economic Statistics, 1996, v14(3,Jul), 294-308.
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| April 1994 | The Effects of Monetary Policy Shocks: Some Evidence from the Flow of Funds
with Lawrence J. Christiano, Charles Evans: w4699
Published: Review of Economics and Statistics, vol. LXXVIII, no. 1, February 1996, pp. 16-34
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| March 1994 | Factor Hoarding and the Propagation of Business Cycles Shocks
with Craig Burnside: w4675
Published: American Economic Review, December,1996. citation courtesy of
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| February 1993 | Some Empirical Evidence on the Effects of Monetary Policy Shocks on Exchange Rates
with Charles L. Evans: w4271
Published: Quarterly Journal of Economics, Nov 1995, pp. 1975-1010.
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| August 1992 | Liquidity Effects, Monetary Policy, and the Business Cycle
with Lawrence J. Christiano: w4129
Published: Journal of Money, Credit and Banking, vol. 27, no. 4, November 1995 Part I pp 1113-1136 citation courtesy of
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| January 1992 | Liquidity Effects and the Monetary Transmission Mechanism
with Lawrence J. Christiano: w3974
Published: American Economic Review, Papers and Preceedings Vol. 82, No. 2, pp. 346-353 May 1992 citation courtesy of
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| November 1991 | Identification and the Liquidity Effect of a Monetary Policy Shock
with Lawrence J. Christiano: w3920
Published: "Some Empirical Evidence on the Liquidity Effect", Political Economy, Growth, and Business Cycles EDS.: A. Cuikerman, Z. Hercowitz, L. Leiderman MIT Press 1992
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| December 1990 | Labor Hoarding and the Business Cycle
with Craig Burnside, Sergio Rebelo: w3556
Published: Journal of Political Economy, Vol. 101, No. 2, pp. 245-273 (April 1993). citation courtesy of
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| September 1990 | Real Business Cycle Theory: Wisdom or Whimsy?
w3432
Published: Journal of Economic Dynamics and Control Vol. 15, No. 4, pp. 607-626, October 1991 citation courtesy of
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| April 1990 | The Output, Employment, and Interest Rate Effects of Government Consumption
with S. Rao Aiyagari, Lawrence J. Christiano: w3330
Published: Journal of Monetary Economics, 1992 citation courtesy of
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| October 1989 | Unit Roots in Real GNP: Do We Know, and Do We Care?
with Lawrence J. Christiano: w3130
Published:
- Carnegie Rochester Conference Series on Public Policy, Vol. 32, pp. 7-61, Spring 1990.
- Christiano, Lawrence J. & Eichenbaum, Martin, 1990. "Unit roots in real GNP: Do we know, and do we care?," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 32(1), pages 7-61, January. citation courtesy of
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| September 1988 | Is Theory Really Ahead of Measurement? Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations
with Lawrence J. Christiano: w2700
Published: American Economic Review Vol. 82, No. 3, pp. 430-450 June 1992
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| February 1988 | Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment
w2523
Published: The American Economic Review, Vol. 79, No. 4, pp. 853-864, (September 1989) citation courtesy of
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| April 1987 | The Permanent Income Hypothesis Revisited
with Lawrence J. Christiano, David Marshall: w2209
Published: Econometrica, Volume 59, Number 2, March 1991, pp. 397-424. citation courtesy of
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| March 1987 | Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data
with Lars Peter Hansen: w2181
Published: Journal of Business & Economic Statistics, Vol. 8, No. 1, pp. 53-69, (January 1990). citation courtesy of
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| 1987 | Erratum: Do Equilibrium Real Business Cycle Theories Explain Postwar U.S. Business Cycles?
with Kenneth J. Singleton
in NBER Macroeconomics Annual 1987, Volume 2, Stanley Fischer, editor
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| October 1986 | Capital Accumulation and Annuities in an Adverse Selection Economy
with Dan S. Peled: w2046
Published:
- Eichenbaum, Martin S. and Dan S. Peled. "Capital Accumulation and Annuitiesin an Adverse Selection Economy," Journal of Political Economy, Vol. 95, No. 2, April 1987, pp. 334-354. citation courtesy of
- In The Measurement of Saving, Investment, and Wealth, Robert Lipsey, and Helen Tice, eds. University of Chicago Press: Chicago. 1989.
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| September 1986 | Temporal Aggregation and Structural Inference in Macroeconomics
with Lawrence J. Christiano: t0060
Published: Eichenbaum, Martin S. and L. J. Christiano. "Temporal Aggregation and Structural Inference in Macroeconomics," Carnegie-Rochester Conference Series on Public Policy, Vol. 26, Spring 1987, pp. 63-130.
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| July 1986 | A Time Series Analysis of Representative Agent Models of Consumption andLeisure Choice Under Uncertainty
with Lars Peter Hansen, Kenneth J. Singleton: w1981
Published: Quarterly Journal of Economics, February 1988. citation courtesy of
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| May 1986 | Do Equilibrium Real Business Cycle Theories Explain Post-War U.S. Business Cycles?
with Kenneth J. Singleton: w1932
Published: Eichenbaum, Martin and Kenneth J. Singleton. "Do Equilibrium Real Business Cycle Theories Explain Post-War U.S. Business Cycles?" NBER Macroeconomics Annual, ed. by S. Fischer, Vol. 1, pp. 91-134. Cambridge, MA: MIT Press, 1986.
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| 1986 | Do Equilibrium Real Business Cycle Theories Explain Postwar U.S. Business Cycles?
with Kenneth I. Singleton
in NBER Macroeconomics Annual 1986, Volume 1, Stanley Fischer, editor
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