BufferStockProofsNew.tex (2004)
Christopher D. Carroll, Thank James Feigenbaum, Joseph Kaboski, Miles Kimball
BufferStockProofsNew.tex (2004)
Christopher D. Carroll, Thank James Feigenbaum, Joseph Kaboski, Miles Kimball
Are Technology Improvements Contractionary? (1998)
Susanto Basu, Susanto Basu, John Fernald, John Fernald, Miles Kimball, Miles Kimball
: Yes. We construct a measure of aggregate technology change, controlling for imperfect competition, varying utilization of capital and labor, and aggregation effects. On impact, when technology...
Price Level Targeting vs. Inflation Targeting: A Free Lunch? (1997)
Michael Kiley, Miles Kimball, David Lebow, Frederic Mishkin, Torsten Persson, ...
Price level targeting (without base drift) and inflation targeting (with base drift) are compared, with persistence in output (generated by sticky prices, for instance). Counter to conventional...
Estimating a Cardinal Attribute from Ordered Categorical Responses Subject to Noise (1996)
Professor Matthew, D. Shapiro, Miles Kimball, Miles S. Kimball, Matthew D. Shapiro, Matthew D. Shapiro
Estimating a Cardinal Attribute from Ordered Categorical Responses Subject to Noise This paper presents an estimate of the distribution of relative risk tolerance---a preference parameter quantifying...
Essays on intertemporal household choice /--by Miles Spencer Kimball. (1987)
Thesis (Ph. D.)--Harvard University, 1987.
Thesis (A.B., Honors)--Harvard University, 1982.
Unhappiness after Hurricane Katrina
Miles Kimball, Helen Levy, Fumio Ohtake, Yoshiro Tsutsui
In August, September and October of 2005, the Monthly Surveys of Consumers fielded by the University of Michigan included questions about the happiness of a nationally representative sample of U.S....
Are Technology Improvements Contractionary?
Susanto Basu, John Fernald, Miles Kimball
Yes. We construct a measure of aggregate technology change, controlling for imperfect competition, varying utilization of capital and labor, and aggregation effects. On impact, when technology...
Do Flexible Durable Goods Prices Undermine Sticky Price Models?
Robert Barsky, Christopher House, Miles Kimball
The “neoclassical synthesis” sticky price model exhibits strange behavior when augmented with markets for durable goods with flexible prices. While in the data the output of durable goods...
Sticky Price Models and Durable Goods
Robert Barsky, Christopher L. House, Miles Kimball
This paper shows that there are striking implications that stem from including durable goods in otherwise conventional sticky price models. The behavior of these models depends heavily on whether...
Are technology improvements contractionary?
Susanto Basu, John Fernald, Miles Kimball
We construct a measure of aggregate technology change, controlling for imperfect competition, varying utilization of capital and labor, and aggregation effects. On impact, when technology improves,...
Are technology improvements contractionary?
Susanto Basu, John Fernald, Miles Kimball
Yes. We construct a measure of aggregate technology change, controlling for varying utilization of capital and labor, non- constant returns and imperfect competition, and aggregation effects. On...
Precautionary Saving and Consumption Smoothing Across Time and Possibilities
This paper examines how aversion to risk and aversion to intertemporal substitution determine the strength of the precautionary saving motive in a two-period model with Selden/Kreps-Porteus...
Do Flexible Durable Goods Prices Undermine Sticky Price Models?
Robert Barsky, Christopher L. House, Miles Kimball
Multi-sector sticky price models have surprising implications when durable goods have flexible prices. While in actual data the production of virtually all durables exhibits strong negative responses...
Are Technology Improvements Contractionary?
Susanto Basu, John Fernald, Miles Kimball
Yes. We construct a measure of aggregate technology change, controlling for varying utilization of capital and labor, non-constant returns and imperfect competition, and aggregation effects. On...
Precautionary Saving and Consumption Smoothing across Time and Possibilities
This paper examines how aversion to risk and aversion to intertemporal substitution determine the strength of the precautionary saving motive in a two-period model with Selden/Kreps-Porteus...
Koizumi Carried the Day: Did the Japanese Election Results Make People Happy and Unhappy?
Yoshiro Tsutsui, Miles Kimball, Fumio Ohtake
This paper investigates whether Japanese people were happy and unhappy with the general election conducted on September 11, 2005, in which the Prime Minister, Koizumi, won a landslide victory. We...