This paper uses a structurally estimated macroeconometric model, denoted the MC model, to evaluate inflation targeting in the United States. Various interest rate rules are tried with differing weights on inflation and output, and various optimal control problems are solved using differing...

For a general audience, this paper offers details of a simple proposal for estimation of the population and housing in the year 2000 for the United States. Under CensusPlus, two surveys (mass enumeration and plus sample enumeration) are made of a universe with M blocks. The mass enumeration...

We propose a theory of skill mobility across cities. It predicts the well documented city size-wage premium: the wage distribution in large cities first-order stochastically dominates that in small cities. Yet, because this premium is reflected in higher house prices, this does not necessarily...