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  • Burnside, A. Craig; Eichenbaum, Martin; Rebelo, Sergio (The University of Chicago Press, 1995)
    This paper studies the implications of procyclical capital utilization rates for inference regarding cyclical movements in labor productivity and the degree of returns to scale. We organize our investigation around five ...
  • Burnside, A. Craig; Eichenbaum, Martin; Kleshchelski, Isaac; Rebelo, Sergio T. (SSRN eLibrary, 2006)
    Currencies that are at a forward premium tend to depreciate. This `forward-premium puzzle` represents an egregious deviation from uncovered interest parity. We document the properties of returns to currency speculation ...