Sergio Rebelo
Northwestern University
Kellogg School of Management
Department of Finance
Leverone Hall
Evanston, IL 60208-2001
Tel: 847/467-2329
Fax: 847/491-5719
E-Mail: 
WWW: http://www1.kellogg.northwestern.edu/facdir/facpage.asp?sid=794
NBER Program Affiliations:
EFG
,
AP
,
IFM
NBER Affiliation: Research Associate
Institutional Affiliations: Northwestern University and CEPR
NBER Working Papers and Publications
| August 2019 | What is the Optimal Immigration Policy? Migration, Jobs and Welfare
with Joao Guerreiro, Pedro Teles: w26154
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| June 2019 | Trading Up and the Skill Premium
with Nir Jaimovich, Arlene Wong, Miao Ben Zhang
in NBER Macroeconomics Annual 2019, volume 34, Martin S. Eichenbaum, Erik Hurst, and Jonathan A. Parker, editors
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| Trading Up and the Skill Premium
with Nir Jaimovich, Arlene Wong, Miao Ben Zhang: w25931
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| October 2018 | State Dependent Effects of Monetary Policy: the Refinancing Channel
with Martin Eichenbaum, Arlene Wong: w25152
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| September 2018 | Rare Disasters, Financial Development, and Sovereign Debt
with Neng Wang, Jinqiang Yang: w25031
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| March 2018 | Markups Across Space and Time
with Eric Anderson, Arlene Wong: w24434
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| September 2017 | Should Robots be Taxed?
with Joao Guerreiro, Pedro Teles: w23806
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| May 2017 | Lags, Costs, and Shocks: An Equilibrium Model of the Oil Industry
with Gideon Bornstein, Per Krusell: w23423
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| February 2017 | Monetary Policy and the Predictability of Nominal Exchange Rates
with Martin Eichenbaum, Benjamin K. Johannsen: w23158
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| September 2015 | Trading Down and the Business Cycle
with Nir Jaimovich, Arlene Wong: w21539
Published: Nir Jaimovich & Sergio Rebelo & Arlene Wong, 2019. "Trading Down and the Business Cycle," Journal of Monetary Economics, . citation courtesy of 
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| January 2015 | Long-run Bulls and Bears
with Rui Albuquerque, Martin Eichenbaum, Dimitris Papanikolaou: 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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| December 2012 | Valuation Risk and Asset Pricing
with Rui Albuquerque, Martin S. Eichenbaum: 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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| October 2012 | Non-linear Effects of Taxation on Growth
with Nir Jaimovich: w18473
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| September 2012 | Understanding the Profitability of Currency-Trading Strategies
with Craig Burnside, Martin Eichenbaum NBER Reporter 2012 number 3
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| March 2012 | How Frequent Are Small Price Changes?
with Martin S. Eichenbaum, Nir Jaimovich, 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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| April 2011 | Carry Trade and Momentum in Currency Markets
with Craig Burnside, Martin S. Eichenbaum: 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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| March 2011 | What Explains the Lagged Investment Effect?
with Janice C. Eberly, Nicolas Vincent: w16889
Published: Eberly, Janice & Rebelo, Sergio & Vincent, Nicolas, 2012. "What explains the lagged-investment effect?," Journal of Monetary Economics, Elsevier, vol. 59(4), pages 370-380. citation courtesy of
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| January 2011 | Understanding Booms and Busts in Housing Markets
with Craig Burnside, Martin Eichenbaum: 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, Martin Eichenbaum: 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, Martin S. Eichenbaum, Isaac Kleshchelski: 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 | Investment and Value: A Neoclassical Benchmark
with Janice Eberly, Nicolas Vincent: w13866
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| Reference Prices and Nominal Rigidities
with Martin Eichenbaum, Nir Jaimovich: 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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| September 2007 | News and Business Cycles in Open Economies
with Nir Jaimovich: w13444
Published: Nir Jaimovich & Sergio Rebelo, 2008. "News and Business Cycles in Open Economies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(8), pages 1699-1711, December. citation courtesy of
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| July 2007 | Understanding the Forward Premium Puzzle: A Microstructure Approach
with Craig Burnside, Martin S. Eichenbaum: 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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| February 2007 | The Returns to Currency Speculation in Emerging Markets
with Craig Burnside, Martin Eichenbaum: 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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| December 2006 | When Is It Optimal to Abandon a Fixed Exchange Rate?
with Carlos A. Vegh: w12793
Published: Rebelo, Sergio and Carlos Vegh. "When is it Optimal to Abandon a Fixed Exchange Rate." Review of Economic Studies 75, 3 (2008): 929-955.
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| October 2006 | Behavioral Theories of the Business Cycle
with Nir Jaimovich: w12570
Published: Nir Jaimovich & Sergio Rebelo, 2007. "Behavioral Theories of the Business Cycle," Journal of the European Economic Association, MIT Press, vol. 5(2-3), pages 361-368, 04-05. citation courtesy of
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| September 2006 | Can News About the Future Drive the Business Cycle?
with Nir Jaimovich: w12537
Published: Nir Jaimovich & Sergio Rebelo, 2009.
"Can News about the Future Drive the Business Cycle?,"
American Economic Review,
American Economic Association, vol. 99(4), pages 1097-1118, September.
citation courtesy of
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| August 2006 | The Returns to Currency Speculation
with Craig Burnside, Martin Eichenbaum, Isaac Kleshchelski: 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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| October 2005 | The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
with Ariel Burstein, Martin Eichenbaum: 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, Martin Eichenbaum: 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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| June 2005 | Real Business Cycle Models: Past, Present, and Future
w11401
Published:
- Rebelo, Sergio. "Real Business Cycle Models: Past, Present And Future," Scandinavian Journal of Economics, 2005, v107(2), 217-238. citation courtesy of
- S. Rebelo., 2010. "Real Business Cycle Models: Past, Present, and Future," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10. citation courtesy of
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| December 2004 | Large Devaluations and the Real Exchange Rate
with Ariel Burstein, Martin Eichenbaum: 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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| January 2004 | Investment Prices and Exchange Rates: Some Basic Facts
with Ariel Burstein, Joao C. Neves: w10238
Published: Ariel T. Burstein & João C. Neves & Sergio Rebelo, 2004. "Investment Prices and Exchange Rates: Some Basic Facts," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 302-309, 04/05. citation courtesy of
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| June 2003 | Government Finance in the Wake of Currency Crises
with Craig Burnside, Martin Eichenbaum: 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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| January 2003 | On the Fiscal Implications of Twin Crises
with A. Craig Burnside, Martin S. Eichenbaum
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, Martin Eichenbaum: w8748
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| May 2001 | On the Fiscal Implications of Twin Crises
with Craig Burnside, Martin Eichenbaum: w8277
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| August 2000 | Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based-Stabilizations
with Ariel T. Burstein, Joao C. Neves: w7862
Published: Burstein, Ariel T., Joao C. Neves and Sergio Rebelo. "Distribution Costs And Real Exchange Rate Dynamics During Exchange-Rate-Based Stabilizations," Journal of Monetary Economics, 2003, v50(6,Sep), 1189-1214. citation courtesy of
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| February 2000 | Resuscitating Real Business Cycles
with Robert G. King: w7534
Published:
- Published as "Real Business Cycles and the Test of the Adelmans", Journal of Monetary Economics, Vol. 33, no. 2 (1994): 405-438.
- King, Robert G. & Rebelo, Sergio T., 1999. "Resuscitating real business cycles," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 14, pages 927-1007 Elsevier.
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| On the Fundamentals of Self-Fulfilling Speculative Attacks
with Craig Burnside, Martin Eichenbaum: 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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| May 1999 | Hedging and Financial Fragility in Fixed Exchange Rate Regimes
with Craig Burnside, Martin Eichenbaum: 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, Martin Eichenbaum: 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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| August 1998 | On the Dynamics of Trade Reform
with Rui Albuquerque: w6700
Published: Albuquerque, Rui and Sergio Rebelo. "On The Dynamics Of Trade Reform," Journal of International Economics, 2000, v51(1,Jun), 21-47. citation courtesy of
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| September 1997 | Beyond Balanced Growth
with Piyabha Kongsamut, Danyang Xie: w6159
Published: Kongsamut, Piyabha, Sergio Rebelo and Danyang Xie. "Beyond Balanced Growth," Review of Economic Studies, 2001, v68(237,Oct), 869-882. citation courtesy of
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| What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)
w6168
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| February 1997 | On the Optimality of Interest Rate Smoothing
with Danyang Xie: w5947
Published: Journal of Monetary Economics, Vol. 43, no. 2 (April 1999): 263-282. citation courtesy of
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| Equilibrium Unemployment
with Joao Gomes, Jeremy Greenwood: w5922
Published: Gomes, Joao, Jeremy Greenwood and Sergio Rebelo. "Equilibrium Unemployment," Journal of Monetary Economics, 2001, v48(1,Aug), 109-152. citation courtesy of
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| October 1995 | Sectoral Solow Residuals
with Craig Burnside, Martin Eichenbaum: 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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| July 1995 | Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories
with Carlos A. Vegh: w5197
Published: Bernanke, Ben S. and Julio Rotemberg (eds.) NBER Macroeconomics Annual 1995. Cambridge: MIT Press, 1995.
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| May 1995 | Capital Utilization and Returns to Scale
with Craig Burnside, Martin Eichenbaum: 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, Martin Eichenbaum
in NBER Macroeconomics Annual 1995, Volume 10, Ben S. Bernanke and Julio J. Rotemberg, editors
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| Real Effects of Exchange-Rate-Based Stabilization: An Analysis of Competing Theories
with Carlos A. Vegh
in NBER Macroeconomics Annual 1995, Volume 10, Ben S. Bernanke and Julio J. Rotemberg, editors
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| March 1994 | Policy, Technology Adoption, and Growth
with William Easterly, Robert King, Ross Levine: w4681
Published: Economic Growth and the Structure of Long Term Development, Luigi L. Pasinetti and Robert M. Solow, eds. St. Martin's Press, 1994.
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| October 1993 | Fiscal Policy and Economic Growth: An Empirical Investigation
with William Easterly: w4499
Published: Easterly, William & Rebelo, Sergio. "Fiscal policy and economic growth: An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 417-458, December 1993 citation courtesy of
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| August 1993 | Growth Effects of Flat-Rate Taxes
with Nancy L. Stokey: w4426
Published: Journal of Political Economy, vol 103, no 3, pp 519-550, June 1995. citation courtesy of
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| February 1993 | Growth in Open Economics
r1772
Published: Carnegie-Rochester Conference Series in Public Policy, Vol. 36, pp. 5-46 (1992).
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| December 1990 | Labor Hoarding and the Business Cycle
with Craig Burnside, Martin Eichenbaum: w3556
Published: Journal of Political Economy, Vol. 101, No. 2, pp. 245-273 (April 1993). citation courtesy of
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| April 1990 | Long Run Policy Analysis and Long Run Growth
w3325
Published: Journal of Political Economy, Vol. 99, No. 3, pp. 500-521, (June 1991). citation courtesy of
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| Public Policy and Economic Growth: Developing Neoclassical Implications
with Robert G. King: w3338
Published: Journal of Political Economy 98, October 1990, No. 5 part 2 5126-5150 citation courtesy of
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| November 1989 | Transitional Dynamics and Economic Growth in the Neoclassical Model
with Robert G. King: w3185
Published: American Economic Review, vol. 83, no. 4, p. 908-931, Sept. 1993 citation courtesy of
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