David Aaron Marshall

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Identifer

Contact

Affiliations

• Federal Reserve Bank of Chicago
  • EDIRC entry
  • location:

Research profile

author of:

• Inflation and Asset Returns in a Monetary Economy
  Journal of Finance, American Finance Association (1992)
  by Marshall, David A
  (ReDIF-article, bla:jfinan:v:47:y:1992:i:4:p:1315-42)
• Fundamental Economic Shocks and The Macroeconomy
  Working Papers Central Bank of Chile, Central Bank of Chile (2005)
  by Charles L. Evans & David A. Marshall
  (ReDIF-paper, chb:bcchwp:351)
• Equity-Premium And Risk-Free-Rate Puzzles At Long Horizons
  Macroeconomic Dynamics, Cambridge University Press (1997)
  by Daniel, Kent & Marshall, David
  (ReDIF-article, cup:macdyn:v:1:y:1997:i:02:p:452-484_00)
• Comment On “Capm Risk Adjustment For Exact Aggregation Over Financial Assets,” By Barnett, Liu, And Jensen
  Macroeconomic Dynamics, Cambridge University Press (1997)
  by Marshall, David A.
  (ReDIF-article, cup:macdyn:v:1:y:1997:i:02:p:513-517_00)
• The Permanent Income Hypothesis Revisited
  Econometrica, Econometric Society (1991)
  by Christiano, Lawrence J & Eichenbaum, Martin & Marshall, David
  (ReDIF-article, ecm:emetrp:v:59:y:1991:i:2:p:397-423)
• Monetary policy and the term structure of nominal interest rates: Evidence and theory
  Carnegie-Rochester Conference Series on Public Policy, Elsevier (1998)
  by Evans, Charles L. & Marshall, David A.
  (ReDIF-article, eee:crcspp:v:49:y:1998:i::p:53-111)
• Bank capital regulation with and without state-contingent penalties
  Carnegie-Rochester Conference Series on Public Policy, Elsevier (2001)
  by Marshall, David A. & Prescott, Edward Simpson
  (ReDIF-article, eee:crcspp:v:54:y:2001:i:1:p:139-184)
• State-contingent bank regulation with unobserved actions and unobserved characteristics
  Journal of Economic Dynamics and Control, Elsevier (2006)
  by Marshall, David A. & Prescott, Edward Simpson
  (ReDIF-article, eee:dyncon:v:30:y:2006:i:11:p:2015-2049)
• Financial crises and coordination failure: A comment
  Journal of Banking & Finance, Elsevier (2002)
  by Marshall, David A.
  (ReDIF-article, eee:jbfina:v:26:y:2002:i:2-3:p:547-555)
• On biases in tests of the expectations hypothesis of the term structure of interest rates
  Journal of Financial Economics, Elsevier (1997)
  by Bekaert, Geert & Hodrick, Robert J. & Marshall, David A.
  (ReDIF-article, eee:jfinec:v:44:y:1997:i:3:p:309-348)
• The implications of first-order risk aversion for asset market risk premiums
  Journal of Monetary Economics, Elsevier (1997)
  by Bekaert, Geert & Hodrick, Robert J. & Marshall, David A.
  (ReDIF-article, eee:moneco:v:40:y:1997:i:1:p:3-39)
• Peso problem explanations for term structure anomalies
  Journal of Monetary Economics, Elsevier (2001)
  by Bekaert, Geert & Hodrick, Robert J. & Marshall, David A.
  (ReDIF-article, eee:moneco:v:48:y:2001:i:2:p:241-270)
• Comment on: "Estimating the expected marginal rate of substitution"
  Journal of Monetary Economics, Elsevier (2005)
  by Marshall, David A.
  (ReDIF-article, eee:moneco:v:52:y:2005:i:5:p:971-979)
• Economic determinants of the nominal treasury yield curve
  Journal of Monetary Economics, Elsevier (2007)
  by Evans, Charles L. & Marshall, David A.
  (ReDIF-article, eee:moneco:v:54:y:2007:i:7:p:1986-2003)
• Monetary policy shocks and long-term interest rates
  Economic Perspectives, Federal Reserve Bank of Chicago (1996)
  by Wendy Edelberg & David A. Marshall
  (ReDIF-article, fip:fedhep:y:1996:i:mar:p:2-17:n:v.20no.2)
• Understanding the Asian crisis: systemic risk as coordination failure
  Economic Perspectives, Federal Reserve Bank of Chicago (1998)
  by David A. Marshall
  (ReDIF-article, fip:fedhep:y:1998:i:qiii:p:13-38:n:v.22no.3)
• The crisis of 1998 and the role of the central bank
  Economic Perspectives, Federal Reserve Bank of Chicago (2001)
  by David A. Marshall
  (ReDIF-article, fip:fedhep:y:2001:i:qi:p:2-23:n:v.25no.1)
• Origins of the use of Treasury debt in open market operations: lessons for the present
  Economic Perspectives, Federal Reserve Bank of Chicago (2002)
  by David A. Marshall
  (ReDIF-article, fip:fedhep:y:2002:i:qi:p:45-54:n:v.26no.1)
• The role of time-critical liquidity in financial markets
  Economic Perspectives, Federal Reserve Bank of Chicago (2013)
  by David A. Marshall & Robert Steigerwald
  (ReDIF-article, fip:fedhep:y:2013:i:qii:p:30-46:n:v.37no.2)
• On biases in tests of the expectations hypothesis of the term structure of interest rates
  Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago (1996)
  by Geert Bekaert & Robert J. Hodrick & David A. Marshall
  (ReDIF-paper, fip:fedhfi:wp-96-3)
• The equity premium puzzle and the risk-free rate puzzle at long horizons
  Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago (1996)
  by Kent D. Daniel & David A. Marshall
  (ReDIF-paper, fip:fedhfi:wp-96-4)
• \"Peso problem\" explanations for term structure anomalies
  Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago (1997)
  by Geert Bekaert & Robert J. Hodrick & David A. Marshall
  (ReDIF-paper, fip:fedhfi:wp-97-07)
• Bank capital standards for market risk: a welfare analysis
  Working Paper Series, Issues in Financial Regulation, Federal Reserve Bank of Chicago (1997)
  by David A. Marshall & Subu Venkataraman
  (ReDIF-paper, fip:fedhfi:wp-97-09)
• Bank capital for market risk: a study in incentive compatible regulation
  Chicago Fed Letter, Federal Reserve Bank of Chicago (1996)
  by David A. Marshall & Subu Venkataraman
  (ReDIF-article, fip:fedhle:y:1996:i:apr:n:104)
• Whither the stock market?
  Chicago Fed Letter, Federal Reserve Bank of Chicago (1998)
  by Denise Duffy & David A. Marshall
  (ReDIF-article, fip:fedhle:y:1998:i:aug:n:132)
• Investing social security trusts funds in the stock market
  Chicago Fed Letter, Federal Reserve Bank of Chicago (1999)
  by David A. Marshall & Genevieve Pham-Kanter
  (ReDIF-article, fip:fedhle:y:1999:i:dec:n:148)
• A retrospective on the Asian crisis of 1997: was it foreseen?
  Chicago Fed Letter, Federal Reserve Bank of Chicago (2001)
  by Darrin Halcomb & David A. Marshall
  (ReDIF-article, fip:fedhle:y:2001:i:jan:n:161)
• Explaining the decline in the auction rate securities market
  Chicago Fed Letter, Federal Reserve Bank of Chicago (2008)
  by Adrian D'Silva & Haley Gregg & David A. Marshall
  (ReDIF-article, fip:fedhle:y:2008:i:nov:n:256)
• Financial market utilities and the challenge of just-in-time liquidity
  Chicago Fed Letter, Federal Reserve Bank of Chicago (2009)
  by Richard Heckinger & David A. Marshall & Robert Steigerwald
  (ReDIF-article, fip:fedhle:y:2009:i:nov:n:268a)
• Solving nonlinear rational expectations models by parameterized expectations: convergence to stationary solutions
  Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994)
  by Albert Marcet & David A. Marshall
  (ReDIF-paper, fip:fedhma:94-20)
• The effect of costly consumption adjustment on asset price volatility
  Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994)
  by David A. Marshall & Nayan G. Parekh
  (ReDIF-paper, fip:fedhma:94-21)
• The implications of first-order risk aversion for asset market risk premiums
  Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994)
  by Geert Bekaert & Robert J. Hodrick & David A. Marshall
  (ReDIF-paper, fip:fedhma:94-22)
• Asset return volatility with extremely small costs of consumption adjustment
  Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1994)
  by David A. Marshall
  (ReDIF-paper, fip:fedhma:94-23)
• Monetary policy and the term structure of nominal interest rates: evidence and theory
  Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1997)
  by Charles L. Evans & David A. Marshall
  (ReDIF-paper, fip:fedhma:wp-97-10)
• Bank capital standards for market risk: a welfare analysis
  Proceedings, Federal Reserve Bank of Chicago (1997)
  by David A. Marshall & Subu Venkataraman
  (ReDIF-paper, fip:fedhpr:547)
• Bank capital regulation with and without state-contingent penalties
  Working Paper Series, Federal Reserve Bank of Chicago (2000)
  by David A. Marshall & Edward Simpson Prescott
  (ReDIF-paper, fip:fedhwp:wp-00-10)
• Economic determinants of the nominal treasury yield curve
  Working Paper Series, Federal Reserve Bank of Chicago (2001)
  by Charles L. Evans & David A. Marshall
  (ReDIF-paper, fip:fedhwp:wp-01-16)
• State-contingent bank regulation with unobserved action and unobserved characteristics
  Working Paper Series, Federal Reserve Bank of Chicago (2002)
  by David A. Marshall & Edward Simpson Prescott
  (ReDIF-paper, fip:fedhwp:wp-02-24)
• Consumption-based modeling of long-horizon returns
  Working Paper Series, Federal Reserve Bank of Chicago (1998)
  by Kent D. Daniel & David A. Marshall
  (ReDIF-paper, fip:fedhwp:wp-98-18)
• Thoughts on financial derivatives, systematic risk, and central banking: a review of some recent developments
  Working Paper Series, Federal Reserve Bank of Chicago (1999)
  by William C. Hunter & David A. Marshall
  (ReDIF-paper, fip:fedhwp:wp-99-20)
• Solving nonlinear rational expectations models by parameterized expectations: convergence to stationary solutions
  Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1994)
  by Albert Marcet & David A. Marshall
  (ReDIF-paper, fip:fedmem:91)
• The permanent income hypothesis revisited
  Staff Report, Federal Reserve Bank of Minneapolis (1990)
  by Lawrence J. Christiano & Martin S. Eichenbaum & David A. Marshall
  (ReDIF-paper, fip:fedmsr:129)
• Search, Bargaining, Money and Prices: Recent Results and Policy Implications: Comment
  Journal of Money, Credit and Banking, Blackwell Publishing (1993)
  by Marshall, David A
  (ReDIF-article, mcb:jmoncb:v:25:y:1993:i:3:p:577-81)
• Estimating Policy-Invariant Deep Parameters in the Financial Sector When Risk and Growth Matter: Comment
  Journal of Money, Credit and Banking, Blackwell Publishing (1995)
  by Marshall, David A
  (ReDIF-article, mcb:jmoncb:v:27:y:1995:i:4:p:1436-40)
• Fundamental Economic Shocks and the Macroeconomy
  Journal of Money, Credit and Banking, Blackwell Publishing (2009)
  by Charles L. Evans & David A. Marshall
  (ReDIF-article, mcb:jmoncb:v:41:y:2009:i:8:p:1515-1555)
• On Biases in Tests of the Expecations Hypothesis of the Term Structure Of Interest Rates
  NBER Technical Working Papers, National Bureau of Economic Research, Inc (1996)
  by Geert Bekaert & Robert J. Hodrick & David A. Marshall
  (ReDIF-paper, nbr:nberte:0191)
• The Permanent Income Hypothesis Revisited
  NBER Working Papers, National Bureau of Economic Research, Inc (1987)
  by Lawrence J. Christiano & Martin Eichenbaum & David Marshall
  (ReDIF-paper, nbr:nberwo:2209)
• Liquidity Crises and the Market-Maker of Last Resort
  NBER Working Papers, National Bureau of Economic Research, Inc (2025)
  by Charles Kahn & David Marshall & Robert L. McDonald
  (ReDIF-paper, nbr:nberwo:33587)
• The Implications of First-Order Risk Aversion for Asset Market Risk Premiums
  NBER Working Papers, National Bureau of Economic Research, Inc (1994)
  by Geert Bekaert & Robert J. Hodrick & David A. Marshall
  (ReDIF-paper, nbr:nberwo:4624)
• "Peso Problem" Explanations for Term Structure Anomalies
  NBER Working Papers, National Bureau of Economic Research, Inc (1997)
  by Geert Bekaert & Robert J. Hodrick & David A. Marshall
  (ReDIF-paper, nbr:nberwo:6147)
• Bank Capital Standards for Market Risk: A Welfare Analysis
  Review of Finance, European Finance Association (1999)
  by David Marshall & Subu Venkataraman
  (ReDIF-article, oup:revfin:v:2:y:1999:i:2:p:125-157.)
• The implications of first-order risk aversion for asset market risk premiums
  Discussion Paper, Tilburg University, Center for Economic Research (1997)
  by Bekaert, G.R.J. & Hodrick, R. & Marshall, D.
  (ReDIF-paper, tiu:tiucen:85c0b822-2525-4400-90af-12aa49287b40)
• Convergence of approximate model solutions to rational expectation equilibria using the method of parameterized expectations
  Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1992)
  by Albert Marcet & David A. Marshall
  (ReDIF-paper, upf:upfgen:17)
• Solving nonlinear rational expectations models by parameterized expectations: Convergence to stationary solutions
  Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1994)
  by Albert Marcet & David A. Marshall
  (ReDIF-paper, upf:upfgen:76)