This appendix details the derivation of a number of results reported in "The Equivalence of Wage and Price Staggering in Monetary Business Cycle Models," which appears in the Review of Economic Dynamics.

The Excel spreadsheet contains the data used in Figure 2 as well as the calibration exercice.

In a stochastic economy with overlapping generations, fiscal policy affects the allocation of aggregate risks. The paper shows how to compute the welfare effects of marginal policy changes that shift risk across cohorts, in general and for an application to social security equity investments. I...

Detailed macroeconomic data to accompany the article in the Review of Economic Dynamics

Detailed macroeconomic data to accompany the article in the Review of Economic Dynamics

Detailed macroeconomic data to accompany the article in the Review of Economic Dynamics

Detailed macroeconomic data to accompany the article in the Review of Economic Dynamics

Detailed macroeconomic data to accompany the article in the Review of Economic Dynamics

As the millenium draws to an end, the threat posed by the Year 2000 (Y2K) problem is inducing vast private and public spending on its remediation. In this paper, we embed the Y2K problem into a dynamic general equilibrium framework. We model the Y2K problem as an anticipated, permanent loss to...

This appendix provides more details on how we calibrate the model, including parameter choices. Our solution procedure is to reduce each model to a set of nonlinear equations and then solve them numerically to obtain the unconstrained parameters and outcomes at the baseline equilibrium. We then...