Habits and durability in consumption, and the dynamics of the current account

The equity premium: A puzzle

1985 • 5,686 citations

Foundations of International Macroeconomics

1997 • 3,316 citations

Habit Formation: A Resolution of the Equity Premium Puzzle

1990 • 2,223 citations

Dynamics of the trade balance and the terms of trade: The J-curve?

1994 • 1,010 citations

Optimal Growth with Intertemporally Dependent Preferences

1973 • 614 citations

The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect

1983 • 550 citations

Flexible Exchange Rates and the Theory of Employment

1950 • 504 citations

Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?

1982 • 463 citations

Time preference, the consumption function, and optimum asset holdings

1989 • 453 citations

Currency Depreciation, Income, and the Balance of Trade

1950 • 453 citations

An Empirical Investigation of Asset Pricing with Temporally Dependent Preference Specifications

1995 • 423 citations

Habit persistence and durability in aggregate consumption

1991 • 350 citations

Accounting for Forward Rates in Markets for Foreign Currency

1993 • 219 citations

Dynamics of the trade balance and the terms of trade: the S-curve

1992 • 201 citations

Deterioration of the terms of trade and capital accumulation: A re-examination of the Laursen-Metzler effect

1989 • 137 citations

Current Account Dynamics and the Terms of Trade: Harberger-Laursen-Metzler Two Generations Later

1985 • 133 citations

Current account dynamics in a finite horizon model

1987 • 127 citations

Exchange rates, adjustment, and the J-curve

1988 • 104 citations

Terms-of-Trade, Factor Intensities and the Current Account in a Life-Cycle Model

1988 • 62 citations

Accounting for Forward Rates in Markets for Foreign Currency

1993 • 48 citations

Habit persistence and the Harberger-Laursen-Metzler effect in an infinite horizon model

1993 • 44 citations

Residential investment and the current account

1990 • 41 citations