Overview
Robert G. King is a macroeconomist and Professor of Economics at Boston University (formerly University of Rochester). His research spans real business cycle theory, monetary economics, and empirical macroeconomics. With Plosser, Stock, and Watson (1991) he pioneered the use of cointegration restrictions implied by balanced-growth theory to identify common stochastic trends in macroeconomic VAR systems. With Charles Plosser and Sergio Rebelo he developed the foundational framework for RBC models with trend growth.
Key Contributions / Features
- Stochastic Trends and Economic Fluctuations (King-Plosser-Stock-Watson 1991): Derived cointegration implications of balanced-growth RBC models; developed long-run restriction identification of permanent productivity shocks in VECMs; found balanced-growth shock explains less than half of output variability in six-variable systems including nominal variables. American Economic Review 81(4): 819–840.
- Production, Growth, and Business Cycles (King-Plosser-Rebelo 1988): Extended the one-sector neoclassical RBC model to allow for endogenous labour supply and multiple sectors with balanced growth. Journal of Monetary Economics 21: 309–342.
- Post-War U.S. Phillips Curve (King-Watson 1994): Structural VAR analysis of inflation and unemployment dynamics. Carnegie-Rochester Conference Series on Public Policy 41.
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