Jeremy Greenwood




Research in Progress


Jeremy Greenwood, Pengfei Han and Juan M. Sanchez (Coming Soon), "Financing Ventures."

The relationship between venture capital and growth is examined using an endogenous growth model incorporating a dynamic contract between entrepreneurs and venture capitalists. At each stage of financing, venture capitalists evaluate the viability of startups. If viable, VCs provide funding for the next stage. The success of a project depends on the amount of funding. The model is confronted with stylized facts about venture capital; viz., the average cash-on-cash multiple and statistics by funding round concerning the success rate, failure rate, investment rate, equity shares, and the value of an IPO. Raising capital gains taxation reduces growth and welfare.

Keywords: capital gains taxation, development, dynamic contract, endogenous growth, evaluating, funding rounds, growth regressions, IPO, monitoring, research, startups, venture capital


Unpublished Papers


Jeremy Greenwood and David Weiss (2017, revised), "Mining Surplus: Modeling James A. Schmitz's Link Between Competition and Productivity." International Economic Review, forthcoming.

James A. Schmitz (2005) documents, in a well-known case study, a dramatic rise in productivity in the American and Canadian iron-ore industry following an increase in competition from Brazil. Prior to the increased competition, the industry was not competitive. Surplus in profits was divided between business and unions. Schmitz attributes the increase in productivity to a change in work practices in the industry, as old negotiated union work rules were abandoned or modified. This research formalizes a mechanism through which a rise in competition can lead to increased productivity in the iron-ore industry.




 Keywords:  Bodies, effort, James A. Schmitz, iron ore, membership, monopoly profits, Nash bargaining, productivity, unions

Jeremy Greenwood, Philipp Kircher, Cezar Santos and Michele Tertilt (2017, revised), "An Equilibrium Model of the African HIV/AIDS Epidemic." University of Mannheim.

Eleven percent of the Malawian population is HIV infected. Eighteen percent of sexual encounters are casual. A condom is used one quarter of the time. To analyze the Malawian epidemic, a choice-theoretic general equilibrium search model is constructed. In the developed framework, people select between different sexual practices while knowing the inherent risk. The calibrated model is used to study several policy interventions. The analysis suggests that the efficacy of public policy depends upon the induced behavioral changes and equilibrium effects. The framework thus complements the insights provided by epidemiological studies and small-scale field experiments.



Discussion in Vox

Keywords: circumcision, condoms, disease transmission, epidemiological studies, HIV/AIDS, homo economicus, Malawi, marriage, policy intervention, search, small field experiments, STDs, sex markets



Original Version with Bayesian Learning 


Published Papers


Jeremy Greenwood, Nezih Guner and Guillaume Vandenbroucke (December 2017), "Family Economics Writ Large." Journal of Economic Literature, v. 55, n. 4: 1346–1434.

Abstract and Paper 

Video: Women's Liberation: An Economic Perspective  (5:58 minutes)

Discussion in the Wonkblog, The Washington Post

Keywords: Assortative mating, baby boom, baby bust, family economics, female labor supply, fertility, household income inequality, household production, human capital, macroeconomics, marriage and divorce, quality-quantity tradeoff, quantitative theory, premarital sex, single mothers, social change, survey, technological progress, women's rights


Jeremy Greenwood, Philipp Kircher, Cezar Santos and Michele Tertilt (May 2017), "The Role of Marriage in Fighting HIV: A Quantitative Illustration for Malawi." American Economic Review (Papers and Proceedings), v. 107, n. 5: 158-162.

Abstract and Paper 


Keywords: AIDS, circumcision, condoms, general equilibrium modeling, HIV, marriage and divorce, Malawi, sex markets, search


Emin Dinlersoz, Jeremy Greenwood and Henry R. Hyatt (May 2017), "What Businesses Attract Unions? Unionization over the Life-Cycle of U.S. Establishments," Industrial and Labor Relations Review, v. 70, n. 3: 733–766.

Abstract and Paper 

 Keywords: Unionization, Union Organizing, Union Selection, Union Certification Election, Diffusion of Unionization, Employer Resistance to Unionization, Bayesian Learning

Emin Dinlersoz and Jeremy Greenwood (October 2016), "The Rise and Fall of Unions in the United States," Journal of Monetary Economics, v. 83: 129-146.

Abstract and Paper 


Discussion in BloombergBusiness

Discussion in Regional Focus

Discussion in the Atlantic, I

Discussion in the Atlantic, II

Discussion in the Atlantic, III


Keywords: Computer Age; De-unionization; Distribution of Income; Flexible Manufacturing; Mass Production; Numerically Controlled Machines; Skill-Biased Technological Change; Simulation Analysis; Union Membership


Harold L. Cole, Jeremy Greenwood and Juan M. Sanchez (July 2016), "Why Doesn't Technology Flow from Rich to Poor Countries?" Econometrica, v. 84, n. 4: 1477-1521.

Abstract and Paper


Research Report--Extended Version


Keywords: Costly cash-flow control; costly state verification; dynamic contract theory; economic development; establishment-size distributions; finance and development; financial intermediation; India, Mexico, and the United States; long- and short-term contracts; monitoring; productivity; retained earnings; self-finance; technology adoption; ventures


Ufuk Akcigit, Murat Alp Celik and Jeremy Greenwood (May 2016), "Buy, Keep or Sell: Economic Growth and the Market for Ideas," Econometrica, v. 84, n. 3: 943-984.

Abstract and Paper 


Research Report--Extended Version


Keywords:  Growth, ideas, innovation, misallocation, patents, patent agents, research and development, search frictions



Jeremy Greenwood, Nezih Guner, Georgi Kocharkov and Cezar Santos (January 2016), "Technology and the Changing Family: A Unified Model of Marriage, Divorce, Educational Attainment and Married Female Labor-Force Participation," American Economic Journal: Macroeconomics, v. 8, n. 1: 1-41.

Abstract and Paper


Keywords: Assortative mating, education, female labor supply, household income inequality, household production, marriage and divorce, minimum distance estimation



Jeremy Greenwood, Ananth Seshadri and Guillaume Vandenbroucke (September 2015), "Measurement without Theory, Once Again," Journal of Demographic Economics, v. 81, n. 3: 317-329.


Abstract and Paper


Keywords: Amish, Appliances, Baby Boom, Bailey and Collins (2011), Fertility, Indirect Inference, Minimum Distance Estimation, Regressions


Erratum: Pg. 320 – Missing “=” sign inserted on pdf.


Jeremy Greenwood, Nezih Guner, Georgi Kocharkov and Cezar Santos (May 2014, revised), "Marry Your Like: Assortative Mating and Income Inequality," American Economic Review (Papers and Proceedings), v. 104, n. 5: 348-353.

Abstract and Revised Paper



Keywords:  Assortative mating, contingency table, Gini coefficient, income inequality, Lorenz curve, married female labor-force participation, standardized contingency table



Jesϊs Fernαndez-Villaverde, Jeremy Greenwood, and Nezih Guner (February 2014), "From Shame to Game in One Hundred Years: An Economic Model of the Rise in Premarital Sex and its De-Stigmatization," Journal of the European Economic Association, v. 12, n. 1: 25-61.

Abstract and Paper 

Video Summary  (3:15 minutes)

Discussion in Freakonomics Blog,The New York Times

Discussion in Vox, I

Discussion in Vox, II

Keywords: Add Health, contraception, culture, peer group effects, premarital sex, shame, socialization, stigma, technological progress


Jeremy Greenwood, Juan M. Sanchez and Cheng Wang (January 2013), "Quantifying the Impact of Financial Development on Economic Development," Review of Economic Dynamics. (Special issue on "Misallocation and Productivity," edited by Diego Restuccia and Richard Rogerson.) v. 16, n. 1: 194-215.

Abstract and Paper 

Lecture Notes

Keywords: Costly-state verification, economic development, financial intermediation, firm-size distribution, interest-rate spreads, cross-country output differences, cross-country TFP differences



Jeremy Greenwood and Karen A. Kopecky (January 2013), "Measuring the Welfare Gain from Personal Computers," Economic Inquiry, v. 51, n. 1: 336-347.

Abstract and Paper 

MATLAB Program

Discussion in the Wall Street Journal's Real Time Economics Blog

Discussion in Vox

Keywords: Compensating variation, computers, electricity, equivalent variation, Fisher ideal price index, new goods, technological progress, Tornqvist price index, welfare gain

Erratum: Pg. 345 – Noted on pdf for paper.


Jeremy Greenwood, Juan M. Sanchez and Cheng Wang (September 2010), "Financing Development: The Role of Information Costs," American Economic Review, v. 100, n. 4: 1875-1891.

Abstract and Paper 

Keywords: Financial intermediation, economic development, costly-state verification, firm-size distribution.

Jeremy Greenwood and Nezih Guner (November 2010), "Social Change: The Sexual Revolution," International Economic Review, v. 51, no. 4: 893-923.

Abstract and Paper 

Data; Kiel University Conference on Income Distribution and the Family--Keynote Speech; Research Report--Extended Version


Keywords: Social change; the sexual revolution; technological progress in contraceptives, bilateral search.

Jeremy Greenwood and Nezih Guner (2009), "Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households," NBER Macroeconomics Annual 2008, v. 23, edited by Daron Acemoglu, Kenneth Rogoff and Michael Woodford (Chicago: University of Chicago Press), 231-276.

Abstract and Paper 

Data; Midwest Macro Meetings--Plenary Address; Research Report--Extended Version

Discussion in BusinessWeek Online

Keywords: Marriage, divorce, hours worked, household production, household size, technological progress.

Erratum: Eq. 9 – Lefthand side should read d(um-us)/dp.

Jeremy Greenwood and Guillaume Vandenbroucke (2008), "Hours Worked (Long-Run Trends)." The New Palgrave Dictionary of Economics, v. 4, 2nd edition, edited by Lawrence E. Blume and Steven N. Durlauf (New York, N.Y.: Palgrave Macmillan), 75-81.

Abstract and Paper 


Keywords: Hours worked, leisure, housework, household production, Edgeworth-Pareto complementarity/substitutability, technological progress.

Jeremy Greenwood and Per Krusell (May 2007), "Growth Accounting with Investment-Specific Technological Progress: A Discussion of Two Approaches," Journal of Monetary Economics, v. 54, n. 4: 1300-1310.


Keywords: Investment-specific technological progress, capital embodiment, growth accounting.  

Jeremy Greenwood and Gokce Uysal (June 2005), "New Goods and the Transition to a New Economy," Journal of Economic Growth, v. 10, n. 2: 99-134.

Abstract and Paper 

Keywords: New goods, structural change, technological progress, welfare indices.

Jeremy Greenwood and Ananth Seshadri (2005), "Technological Progress and Economic Transformation," in the Handbook of Economic Growth, v. 1B, edited by Philippe Aghion and Steven N. Durlauf. Amsterdam: Elsevier North-Holland, 1225-1273.

Abstract and Paper 

SED Meetings--Plenary Address

Keywords: Child labor, economic growth, educational attainment, female labor-force participation, fertility, household production theory, technological progress.

Jeremy Greenwood, Ananth Seshadri and Guillaume Vandenbroucke (March 2005), "The Baby Boom and Baby Bust," American Economic Review, v. 95, n. 1: 183-207.

Abstract and Paper

The Baby Boom and Baby Bust in OECD Countries: Data and Graphs; Lecture Notes

Discussion in Deutsche Bank Research

Reply to Bailey and Collins (2011)

Keywords: Baby boom, baby bust, household production, technological progress.

Jeremy Greenwood, Ananth Seshadri and Mehmet Yorukoglu (January 2005), "Engines of Liberation," Review of Economic Studies, v. 72, n. 1: 109-133.

Abstract and Paper

Engines of Liberation: Additional Notes

Data--Basic Facilities and Appliances; Lecture Notes

Video: Women's Liberation: An Economic Perspective  (5:58 minutes)

Discussion in the Wonkblog, The Washington Post

Discussion in The Regional Economist

Discussion in The Wall Street Journal

Discussion in Slate Magazine

Discussion in The Times of India

Keywords: female labor-force participation, household production theory, the second industrial revolution, technology adoption.

Jeremy Greenwood, Nezih Guner and John Knowles (August 2003), "More on Marriage, Fertility, and the Distribution of Income," International Economic Review, v. 44, n. 3: 827-862.


Keywords: Fertility; marriage and divorce; Nash bargaining; income distribution; public policy

Jeremy Greenwood and Ananth Seshadri (May 2002), "The U.S. Demographic Transition," American Economic Review (Papers and Proceedings) v. 92, n. 2: 153-159.


Lecture Notes

Keywords: Fertility, technological progress, agriculture, manufacturing.

JEL Classification Nos: E1, J1, O3.

S. Rao Aiyagari, Jeremy Greenwood, and Ananth Seshadri (February 2002), "Efficient Investment in Children," Journal of Economic Theory, v. 102, n. 2: 290-321.


Keywords: Investment in children; efficiency; imperfect financial markets; impure altruism; lack of child-care markets.

JEL Classifications: D1, D31, D58, I2

Erratum: Eq. 34 – Put a θ in front of the V.

Joao Gomes, Jeremy Greenwood, and Sergio Rebelo (August 2001), "Equilibrium Unemployment," Journal of Monetary Economics, v. 48, n. 1: 109-152.


Keywords: Search; incomplete markets; business cycles; unemployment insurance; welfare costs of business cycles.

JEL Classifications: E24, E32

Jeremy Greenwood and Boyan Jovanovic (2001), "Accounting for Growth," in New Developments in Productivity Analysis, edited by Charles R. Hulten, Edwin R. Dean and Michael J. Harper. Chicago: University of Chicago Press (for NBER), 179-222.

A satisfactory account of the postwar growth experience of the United States should be able to come to terms with the following three facts:

  1. Since the early 1970's there has been a slump in the advance of productivity.
  2. The price of new equipment has fallen steadily over the postwar period.
  3. Since the mid-1970's the skill premium has risen.

Variants of Solow's (1960) vintage-capital model can go a long way toward explaining these facts, as this paper shows. In brief, the explanations are:

  1. Productivity slowed down because the implementation of information technologies was both costly and slow.
  2. Technological advance in the capital goods sector has lead to a decline in equipment prices.
  3. The skill premium rose because the new, more efficient capital is complementary with skilled labor and/or because the use of skilled labor facilitates the adoption of new technologies.


Keywords: Investment-specific technological progress, vintage-capital models, learning by doing, diffusion lags.

JEL Classifications: O3, O4

Jeremy Greenwood, Nezih Guner and John Knowles (May 2000), "Woman on Welfare: A Macroeconomic Analysis," American Economic Review (Papers and Proceedings), v. 92, n. 2: 383-388.


Jeremy Greenwood, Zvi Hercowitz and Per Krusell (January 2000), "The Role of Investment-Specific Technological Change in the Business Cycle," European Economic Review, v. 44, n. 1: 91-115.

This is a quantitative investigation of the importance of technological change specific to new investment goods for postwar U.S. aggregate fluctuations. A growth model that incorporates this form of technological change is calibrated to U.S. data and simulated, using the relative price of new equipment to identify the process driving investment-specific technology shocks. The analysis suggests that this form of technological change is the source of about 30 percent of output fluctuations.


Keywords: Investment-specific technological change; business cycles

JEL Classification: E3, O3, O4

S. Rao Aiyagari, Jeremy Greenwood and Nezih Guner (April 2000), "On the State of the Union," Journal of Political Economy, v. 108, n. 2: 213-244.

An overlapping generations model of marriage and divorce is constructed to analyze family structure and intergenerational mobility. Agents differ by sex, marital status, and human capital. Single agents meet in a marriage market and decide whether to accept or reject proposals to wed. Married couples must decide whether to separate or not. Parents invest in their children depending on their wherewithal. A simulated version of the theoretical prototype can generate an equilibrium with a significant number of female-headed families and a high degree of persistence in income across generations. To illustrate the model's mechanics, the effects of two anti-poverty policies, namely child support and welfare, are investigated.


Historical Discussion

Keywords: Intergenerational mobility; marriage and divorce; children; public policy

Jeremy Greenwood and Boyan Jovanovic (May 1999), "The IT Revolution and the Stock Market," American Economic Review (Papers and Proceedings) v. 89, n. 2: 116-122.


Discussion in Business Week.

Discussion in The Wall Street Journal.

Michael Gort, Jeremy Greenwood, and Peter Rupert (January 1999), "Measuring the Rate of Technological Progress in Structures," Review of Economic Dynamics v. 2, n. 1: 207-230.

How much technological progress has there been in structures? An attempt is made to measure this using panel data on the age and rents for buildings. This data is interpreted through the eyes of a vintage capital model where buildings are replaced at some chosen periodicity. There appears to have been significant technological advance in structures that accounts for a major part of economic growth.


Keywords: Investment-specific technological progress; economic growth; vintage capital; replacement problem; economic depreciation; rent gradient.

Michael Gort, Jeremy Greenwood, and Peter Rupert (1999), "How Much of Economic Growth is Fueled by Investment-Specific Technological Progress?" Economic Commentary.

Discovering how economies grow is vitally important for economists and policymakers alike. This Commentary shows that more than half of U.S. economic growth can be attributed to technological advance in equipment and structures.


Thomas F. Cooley, Jeremy Greenwood, and Mehmet Yorukoglu (December 1997), "The Replacement Problem," Journal of Monetary Economics v. 40, n. 3: 457-499.

A prototypical vintage capital model of economic growth is developed, where the decision to replace old technologies with new ones is modeled explicitly. Technological change is investment specific. Depreciation in this environment is an economic, not a physical, concept. The vintage capital economy's balanced-growth paths and transitional dynamics are analyzed. The transitional dynamics are markedly different from the standard neoclassical growth model.


Keywords: Investment-Specific Technological Change; Vintage Capital; Economic Growth

Jeremy Greenwood (1997), The Third Industrial Revolution: Technology, Productivity and Income Inequality, AEI Studies on Understanding Inequality, Washington, DC. The AEI Press. Also printed in the Economic Review, 1999, Federal Reserve Bank of Cleveland.

Was 1974 a watershed? It was dawning of the information age, a period of rapid technological advance associated with the introduction of information technologies. It also was the start of a sharp rise in income inequality and signaled the beginning of the productivity slowdown. Were these phenomena related? Could they have been the result of an Industrial Revolution associated with the introduction of information technologies? The answer offered here is yes, and a simple theory connecting the phenomena is outlined. Evidence is presented showing that the coincidence of rapid technological change, widening inequality, and slowdowns in productivity growth are not with out precedence in economic history. Just as the steam engine shook 18th century England, and electricity rattled 19th century America, it is argued that information technologies are rocking the 20th century economy. (This paper is a nontechnical version of "1974".)


Jeremy Greenwood, Zvi Hercowitz, and Per Krusell (June 1997), "Long-Run Implications of Investment-Specific Technological Change," American Economic Review v. 87, n. 3: 342-362.

The role that investment-specific technological change played in generating postwar U.S. growth is investigated here. The premise is that the introduction of new, more efficient capital goods is an important source of productivity change, and an attempt is made to disentangle its effects from the more traditional Hicks-neutral form of technological progress. The balanced-growth path for the model is characterized and calibrated to U.S. National Income and Product Account data. The quantitative analysis suggests that investment-specific technological change accounts for the major part of growth.


Jeremy Greenwood and Bruce D. Smith (January 1997), "Financial Markets in Development, and the Development of Financial Markets," Journal of Economic Dynamics and Control, v. 21, no. 1: 145-181.

What is the relationship between markets and development? It is argued that markets promote growth, and that growth in turn encourages the formation of markets. Two models with endogenous market formation are presented to analyze this issue. The first examines the role that financial markets - banks and stockmarkets - play in allocating funds to the highest valued use in the economic system. It is shown that intermediation will arise under weak conditions. The second focuses on the role that markets play in supporting specialization in economic activity. The consequences of perfect competition in market formation are highlighted.


Jeremy Greenwood and Mehmet Yorukoglu (June 1997), "1974," Carnegie-Rochester Conference Series on Public Policy, v. 46: 49-95.

Was 1974 a watershed? It saw an increase in the rate of technological change in the production of new equipment. It was the start of a sharp rise in income inequality. It signaled the beginning of the productivity slowdown. Were these phenomena related? Could they have been the result of an Industrial Revolution associated with the introduction of information technologies?


Discussion in Newsweek

Jeremy Greenwood, Glenn M. MacDonald, and Guang-Jia Zhang (February 1996), "The Cyclical Behavior of Job Creation and Job Destruction: A Sectoral Model," Economic Theory, v. 7, no. 1: 95-112.

Three key features of the employment process in the U.S. economy are that job creation is procyclical, job destruction is countercyclical, and job creation is less volatile than job destruction. These features are also found at the sectoral (goods and services) level. The paper develops, calibrates and simulates a two-sector general equilibrium model that includes both aggregate and sectoral shocks. The behavior of the model economy mimics the job creation and destruction facts. A non-negligible amount of unemployment arises due to the presence of aggregate and sectoral shocks.


Jeremy Greenwood, Richard Rogerson, and Randall Wright (1995), "Household Production in Real Business Cycle Theory," Frontiers of Business Cycle Research (Editor, Thomas F. Cooley) Princeton University Press: 157-174.

This paper surveys the role of household production in modern business cycle analysis.

Abridged version of the Paper

Jeremy Greenwood and Gregory W. Huffman (April 1995), "On the Existence of Nonoptimal Equilibria," Journal of Economic Theory, v. 65, no. 2: 611-623.

The question of the existence of a stationary equilibrium for distorted versions of the standard neoclassical growth model is addressed in this paper. The conditions presented guaranteeing the existence of nontrivial equilibrium for the class of economies under study are simple and intuitively appealing, while the existence proof developed is elementary. Examples are given illustrating that economies with distortional taxation, endogenous growth with externalities, and monopolistic competition can all fit into the framework developed.


Paul Gomme and Jeremy Greenwood (January-February 1995), "On the Cyclical Allocation of Risk," Journal of Economic Dynamics and Control, v. 19, no. 1-2: 91-124.

A real business cycle model with two types of agents, workers and entrepreneurs, is simulated to see if it can account for some stylized facts characterizing postwar U.S. business cycle fluctuations, such as the countercyclical movement of labor's share of income, and the acyclical behavior of real wages. It can. There exists an economy- wide market for contingent claims. On this market workers purchase insurance from entrepreneurs, through optimal labor contracts, against losses in income due to business cycle fluctuations. Insurance flows protecting workers against aggregate cyclical risk are calculated to be less than one percent of labor income.


Jeremy Greenwood and R. Preston McAfee (February  1991), "Externalities and Asymmetric Information," Quarterly Journal of Economics, v. CVI, no. 1: 103-121.


Jeremy Greenwood and Zvi Hercowitz (December 1991), "The Allocation of Capital and Time Over the Business Cycle," Journal of Political Economy, v. 99, no. 6: 1188-1214.


Jeremy Greenwood and Gregory W. Huffman (April 1991), "Tax Analysis in a Real Business Cycle Model: On Measuring Harberger Triangles and Okun Gaps," Journal of Monetary Economics, v. 27, n. 2: 167-190.


Jeremy Greenwood and Boyan Jovanovic (October 1990), "Financial Development, Growth, and the Distribution of Income," Journal of Political Economy, v. 98, n. 5: 1076-1107.


Lecture Notes

Jeremy Greenwood and Stephen D. Williamson (May 1989), "International Financial Intermediation and Aggregate Fluctuations under Alternative Exchange Rate Regimes," Journal of Monetary Economics, v. 23, n. 3: 401-431.


Jeremy Greenwood and Gregory W. Huffman (August 1988), "On Modelling the Natural Rate of Unemployment with Indivisible Labour,’’ Canadian Journal of Economics, v. XXI, n. 3: 587-609.


Jeremy Greenwood, Zvi Hercowitz and Gregory W. Huffman (June 1988), "Investment, Capacity Utilization, and the Real Business Cycle," American Economic Review, v. 78, n. 3: 402-417.


Fortran Computer Code

Jeremy Greenwood and Kent P. Kimbrough (June 1987), "Foreign Exchange Controls in a Black Market Economy," Journal of Development Economics. v. 26, n. 1: 129-143.


Jeremy Greenwood and Kent P. Kimbrough (May 1987), "An Investigation in the Theory of Foreign Exchange Controls," Canadian Journal Economics. v. XX, n. 2: 271-288.


Jeremy Greenwood and Gregory W. Huffman (March 1987), "A Dynamic Equilibrium Model of Inflation and Unemployment," Journal of Monetary Economics. v. 19, n. 2: 203-228.


David Aschauer and Jeremy Greenwood (Autumn 1985), " Macroeconomic Effects of Fiscal Policy,’’ Carnegie-Rochester Conference Series on Public Policy, v. 23: 91-138.


Jeremy Greenwood and Kent P. Kimbrough (November 1985), "Capital Controls and Fiscal Policy in the World Economy,’’ Canadian Journal of Economics, v. XVIII, n. 4: 43-765.


Charles Adams and Jeremy Greenwood (February 1985), "Dual Exchange Rate Systems and Capital Controls: An Investigation," Journal of International Economics. v. 18, n. 1/2: 43-63.


Jeremy Greenwood (November 1984), ‘’Non-Traded Goods, the Trade Balance, and the Balance of Payments,’’ Canadian Journal of Economics, v. XVII, n. 4: 806-823.


Jeremy Greenwood (November 1983), "Expectations, the Exchange Rate, and the Current Account," Journal of Monetary Economics, v. 12, n. 4: 543-569.


David Aschauer and Jeremy Greenwood (October 1983), "A Further Exploration in the Theory of Exchange Rate Regimes," Journal of Political Economy, v. 91, n. 5: 868-875.


Jeremy Greenwood (1982), Essays in International Finance, Ph.D. Thesis, University of Rochester.



Back to Jeremy Greenwood's main page