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Details about Per Krusell

E-mail:
Homepage:http://www.princeton.edu/~pkrusell/
Phone:+46 8 163073
Postal address:Institute for International Economic Studies Stockholm University S - 106 91 Stockholm SWEDEN
Workplace:Institute for International Economic Studies (IIES), Stockholms Universitet (Stockholm University), (more information at EDIRC)

Access statistics for papers by Per Krusell.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pkr102


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Working Papers

2024

  1. Who should work how much?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2023

  1. The Macroeconomics of Intensive Agriculture
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2022

  1. Climate Change Around the World
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) Downloads View citations (5)

2021

  1. Fiscal Multipliers: A Heterogenous-Agent Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  2. Macroeconomic Dynamics with Rigid Wage Contracts
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2020

  1. Gross Worker Flows and Fluctuations in the Aggregate Labor Market
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article Gross Worker Flows and Fluctuations in the Aggregate Labor Market, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) Downloads View citations (7) (2020)
  2. Integrated Epi-Econ Assessment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    Also in Edinburgh School of Economics Discussion Paper Series, Edinburgh School of Economics, University of Edinburgh (2020) Downloads View citations (13)

2019

  1. Directed technical change as a response to natural-resource scarcity
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) Downloads View citations (5)
  2. The Consequences of Uncertainty: Climate Sensitivity and Economic Sensitivity to the Climate
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) Downloads
    See also Journal Article The Consequences of Uncertainty: Climate Sensitivity and Economic Sensitivity to the Climate, Annual Review of Economics, Annual Reviews (2018) Downloads (2018)

2018

  1. Capital deepening and agricultural labor productivity
    2018 Meeting Papers, Society for Economic Dynamics Downloads

2017

  1. A World Equilibrium Model of the Oil Market
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
  2. Exploiting MIT Shocks in Heterogeneous-Agent Economies: The Impulse Response as a Numerical Derivative
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (9)

    See also Journal Article Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative, Journal of Economic Dynamics and Control, Elsevier (2018) Downloads View citations (100) (2018)
  3. Labor Supply in the Future: Who Will Work?
    2017 Meeting Papers, Society for Economic Dynamics Downloads View citations (5)
  4. Lags, Costs and Shocks: An Equilibrium Model of the Oil Industry
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (23)

2016

  1. Labor Supply in the Past, Present, and Future: a Balanced-Growth Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (30)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (34)
    2016 Meeting Papers, Society for Economic Dynamics (2016) Downloads View citations (30)

    See also Journal Article Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective, Journal of Political Economy, University of Chicago Press (2020) Downloads View citations (49) (2020)
  2. The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (33)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) Downloads View citations (16)
  3. The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (39)

    See also Journal Article The New Keynesian Transmission Mechanism: A Heterogeneous-Agent Perspective, The Review of Economic Studies, Review of Economic Studies Ltd (2020) Downloads View citations (48) (2020)
  4. Unions in a frictional labor market
    Working Papers, Federal Reserve Bank of Philadelphia Downloads View citations (24)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2015) Downloads
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2012) Downloads View citations (9)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) Downloads
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads View citations (18)
    2011 Meeting Papers, Society for Economic Dynamics (2011) Downloads

    See also Journal Article Unions in a frictional labor market, Journal of Monetary Economics, Elsevier (2016) Downloads View citations (24) (2016)

2015

  1. Energy-Saving Technical Change
    Discussion Papers, Centre for Macroeconomics (CFM) Downloads View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) Downloads View citations (108)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads View citations (98)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) Downloads View citations (9)
  2. Fiscal Multipliers in the 21st Century
    2015 Meeting Papers, Society for Economic Dynamics Downloads View citations (12)
    Also in GEE Papers, Gabinete de Estratégia e Estudos, Ministério da Economia (2015) Downloads View citations (5)
    EUI-RSCAS Working Papers, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) (2014) Downloads View citations (7)
    2014 Papers, Job Market Papers (2014) Downloads View citations (7)
    RSCAS Working Papers, European University Institute (2014) Downloads View citations (27)

    See also Journal Article Fiscal multipliers in the 21st century, Journal of Monetary Economics, Elsevier (2016) Downloads View citations (82) (2016)
  3. Gross Worker Flows over the Business Cycle
    Discussion Papers, Centre for Macroeconomics (CFM) Downloads View citations (4)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) Downloads View citations (3)

    See also Journal Article Gross Worker Flows over the Business Cycle, American Economic Review, American Economic Association (2017) Downloads View citations (51) (2017)
  4. The New Keynesian Transmission Channel
    2015 Meeting Papers, Society for Economic Dynamics Downloads View citations (6)

2014

  1. Asset Trading and Valuation with Uncertain Exposure
    Working Paper, Federal Reserve Bank of Richmond Downloads

2012

  1. Constrained efficiency in the neoclassical growth model with uninsurable idiosyncratic shocks
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (69)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2005) Downloads View citations (21)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2005) Downloads View citations (16)
    Post-Print, HAL (2012) View citations (26)
    Post-Print, HAL (2005) Downloads View citations (9)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2012) View citations (72)
    Cahiers de la Maison des Sciences Economiques, Université Panthéon-Sorbonne (Paris 1) (2005) Downloads View citations (83)

    See also Journal Article Constrained Efficiency in the Neoclassical Growth Model With Uninsurable Idiosyncratic Shocks, Econometrica, Econometric Society (2012) Downloads View citations (166) (2012)
  2. Economics and Climate Change: Integrated Assessment in a Multi-Region World
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (99)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) Downloads View citations (98)

    See also Journal Article ECONOMICS AND CLIMATE CHANGE: INTEGRATED ASSESSMENT IN A MULTI-REGION WORLD, Journal of the European Economic Association, European Economic Association (2012) Downloads View citations (91) (2012)
  3. Is Labor Supply Important for Business Cycles?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)

2011

  1. Directed Energy-Saving Technical Change
    2011 Meeting Papers, Society for Economic Dynamics View citations (6)
  2. Labor Supply and Frictions over the Business Cycle
    2011 Meeting Papers, Society for Economic Dynamics View citations (3)
  3. Optimal Taxes on Fossil Fuel in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (49)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) Downloads View citations (50)

    See also Journal Article Optimal Taxes on Fossil Fuel in General Equilibrium, Econometrica, Econometric Society (2014) Downloads View citations (525) (2014)
  4. The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy
    2011 Meeting Papers, Society for Economic Dynamics Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (2)
    Working Paper Series, Research Institute of Industrial Economics (2010) Downloads View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) Downloads View citations (1)

2009

  1. A Global Equilibrium Model of Economy-Climate Interactions
    2009 Meeting Papers, Society for Economic Dynamics Downloads
  2. A QUANTITATIVE DYNAMIC GENERAL EQUILIBRIUM MODEL OF CLIMATE CHANGE AND THE GLOBAL ECONOMY
    2009 Meeting Papers, Society for Economic Dynamics
  3. A Three State Model of Worker Flows in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (13)

    See also Journal Article A three state model of worker flows in general equilibrium, Journal of Economic Theory, Elsevier (2011) Downloads View citations (76) (2011)
  4. Aggregate Labor Market Outcomes: The Role of Choice and Chance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (3)

    See also Journal Article Aggregate labor market outcomes: The roles of choice and chance, Quantitative Economics, Econometric Society (2010) Downloads View citations (29) (2010)
  5. Employment in the US and Europe: The Roles of Taxes and Benefits
    2009 Meeting Papers, Society for Economic Dynamics
  6. Labor supply in a frictional labor market
    2009 Meeting Papers, Society for Economic Dynamics Downloads View citations (2)
  7. Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in Levine's Bibliography, UCLA Department of Economics (2007) Downloads View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (39)

    See also Journal Article Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations, The Review of Economic Studies, Review of Economic Studies Ltd (2010) Downloads View citations (219) (2010)

2008

  1. A Project on Economics and Global Change
    Annual Meeting Plenary, Society for Economic Dynamics Downloads
  2. Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (35)
    See also Journal Article Aggregate implications of indivisible labor, incomplete markets, and labor market frictions, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (40) (2008)
  3. Appendices for "Revisiting the Welfare Effects of Eliminating Business Cycles"
    Online Appendices, Review of Economic Dynamics Downloads
    See also Journal Article Revisiting the Welfare Effects of Eliminating Business Cycles, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) Downloads View citations (114) (2009)
  4. Asset Prices in a Huggett Economy
    2008 Meeting Papers, Society for Economic Dynamics Downloads View citations (1)
    See also Journal Article Asset prices in a Huggett economy, Journal of Economic Theory, Elsevier (2011) Downloads View citations (78) (2011)
  5. Revisiting the Welfare Effects of Eliminating Business Cycles: The case of short-term and long-term unemployment
    2008 Meeting Papers, Society for Economic Dynamics

2007

  1. Frictional Wage Dispersion in Search Models: A Quantitative Assessment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (40)
    Also in Working Paper, Federal Reserve Bank of Richmond (2006) Downloads View citations (27)

    See also Journal Article Frictional Wage Dispersion in Search Models: A Quantitative Assessment, American Economic Review, American Economic Association (2011) Downloads View citations (247) (2011)
  2. Matching with Precautionary Savings
    2007 Meeting Papers, Society for Economic Dynamics View citations (7)
  3. On the Optimal Timing of Capital Taxes
    IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich Downloads View citations (3)
    See also Journal Article On the optimal timing of capital taxes, Journal of Monetary Economics, Elsevier (2008) Downloads View citations (8) (2008)
  4. The Aggregate Implications of Indivisible Labor, Incomplete Markets and Search Frictions
    2007 Meeting Papers, Society for Economic Dynamics View citations (1)

2006

  1. Frictional Wage Dispersion in Search Models: A Quantitative Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (9)
  2. Frictional Wage Inequality: A Puzzle?
    2006 Meeting Papers, Society for Economic Dynamics
  3. Technical appendix for \"Frictional wage dispersion in search models: a quantitative assessment\"
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (7)
  4. Technology-policy interaction in frictional labor markets
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (5)
    See also Journal Article Technology—Policy Interaction in Frictional Labour-Markets, The Review of Economic Studies, Review of Economic Studies Ltd (2007) Downloads View citations (31) (2007)
  5. The political economy of labor subsidies
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (1)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (2)
  6. Time Consistent Debt
    2006 Meeting Papers, Society for Economic Dynamics View citations (19)

2005

  1. A Quantitative Model of Competitive Asset Pricing Under Private Information
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
  2. Dynamic Politico-economic Equilibrium: Aggregation, First-order Conditions, and Computation
    Computing in Economics and Finance 2005, Society for Computational Economics
  3. Median-voter Equilibria in the Neoclassical Growth Model under Aggregation: Working Paper 2005-09
    Working Papers, Congressional Budget Office Downloads
  4. The Effects of Technical Change on Labour Market Inequalities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    Also in Working Paper, Federal Reserve Bank of Richmond (2004) Downloads View citations (9)

    See also Chapter The Effects of Technical Change on Labor Market Inequalities, Handbook of Economic Growth, Elsevier (2005) Downloads View citations (102) (2005)
  5. The Replacement Problem in Frictional Economies: An 'Equivalence Result'
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (9)
  6. The replacement problem in frictional economies: a near equivalence result
    Working Paper, Federal Reserve Bank of Richmond Downloads View citations (9)
    See also Journal Article The Replacement Problem In Frictional Economies: A Near-Equivalence Result, Journal of the European Economic Association, MIT Press (2005) Downloads View citations (9) (2005)

2004

  1. A Quantitative Study of the Replacement Problem in Frictional Economies
    2004 Meeting Papers, Society for Economic Dynamics Downloads
  2. On the Optimal Timing of Taxes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
  3. Optimal vs. time-consistent tax cycles
    2004 Meeting Papers, Society for Economic Dynamics
  4. Time Consistent Public Expenditures
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (36)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) Downloads View citations (31)

2002

  1. Vintage Capital as an Origin of Inequalities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (8)
    Also in Working Paper, Federal Reserve Bank of Richmond (2002) View citations (5)

    See also Journal Article Vintage capital as an origin of inequalities, Proceedings, Federal Reserve Bank of San Francisco (2002) Downloads View citations (6) (2002)

2001

  1. Consumption Savings Decisions with Quasi-Geometric Discounting
    NajEcon Working Paper Reviews, www.najecon.org Downloads View citations (9)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (6)
    Levine's Working Paper Archive, David K. Levine (2001) Downloads View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) Downloads View citations (35)

    See also Journal Article Consumption--Savings Decisions with Quasi--Geometric Discounting, Econometrica, Econometric Society (2003) View citations (171) (2003)
  2. Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area Downloads View citations (14)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) Downloads View citations (29)
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (7)

    See also Journal Article Equilibrium Welfare and Government Policy with Quasi-geometric Discounting, Journal of Economic Theory, Elsevier (2002) Downloads View citations (140) (2002)

2000

  1. Temptation and Taxation
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (18)
    See also Journal Article Temptation and Taxation, Econometrica, Econometric Society (2010) View citations (63) (2010)

1998

  1. The Role of Investment-Specific Technological Change in the Business Cycle
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (53)
    See also Journal Article The role of investment-specific technological change in the business cycle, European Economic Review, Elsevier (2000) Downloads View citations (412) (2000)

1997

  1. Capital-skill complementarity and inequality: a macroeconomic analysis
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (191)
    See also Journal Article Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis, Econometrica, Econometric Society (2000) View citations (1016) (2000)
  2. On the size of U.S. government: political economy in the neoclassical growth model
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (3)
    See also Journal Article On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model, American Economic Review, American Economic Association (1999) Downloads View citations (133) (1999)

1996

  1. Long-Run Implications of Investment-Specific Technological Change
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (11)
    Also in University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics (1995) Downloads View citations (38)

    See also Journal Article Long-Run Implications of Investment-Specific Technological Change, American Economic Review, American Economic Association (1997) Downloads View citations (890) (1997)

1995

  1. Income and Wealth Heterogeneity in the Macroeconomic
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (3)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (17)

    See also Journal Article Income and Wealth Heterogeneity in the Macroeconomy, Journal of Political Economy, University of Chicago Press (1998) Downloads View citations (1690) (1998)

1994

  1. What Constitutions Promote Capital Accumulation? A Political-Economy Approach
    Wallis Working Papers, University of Rochester - Wallis Institute of Political Economy View citations (10)

1993

  1. Vested Interests in a Positive Theory of Stagnation and Growth
    Working Papers, Stockholm - International Economic Studies View citations (11)
    See also Journal Article Vested Interests in a Positive Theory of Stagnation and Growth, The Review of Economic Studies, Review of Economic Studies Ltd (1996) Downloads View citations (241) (1996)

1992

  1. Macroeconomic Implications of Investment-Specific Technological Change
    Working Papers, Stockholm - International Economic Studies View citations (9)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) Downloads View citations (28)

1991

  1. Dynamic, Firm-Specific Increasing and the Long-Run Performance of Growing Economies
    Working Papers, Stockholm - International Economic Studies View citations (1)

Undated

  1. Income and Wealth Heterogeneity, Portfolio Choice, and Equilibrium Asset Returns
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (53)
    See also Journal Article INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS, Macroeconomic Dynamics, Cambridge University Press (1997) Downloads View citations (268) (1997)
  2. On the Welfare Effects of Eliminating Business Cycles
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads View citations (21)
    See also Journal Article On the Welfare Effects of Eliminating Business Cycles, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (1999) Downloads View citations (150) (1999)
  3. Time Orientation and Asset Prices
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (10)
    See also Journal Article Time orientation and asset prices, Journal of Monetary Economics, Elsevier (2002) Downloads View citations (32) (2002)

Journal Articles

2023

  1. Labor supply when productivity keeps growing
    Review of Economic Dynamics, 2023, 50, 61-87 Downloads

2020

  1. Gross Worker Flows and Fluctuations in the Aggregate Labor Market
    Review of Economic Dynamics, 2020, 37 Supplement 1, S205-S226 Downloads View citations (7)
    See also Working Paper Gross Worker Flows and Fluctuations in the Aggregate Labor Market, NBER Working Papers (2020) Downloads View citations (7) (2020)
  2. Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective
    Journal of Political Economy, 2020, 128, (1), 118 - 157 Downloads View citations (49)
    See also Working Paper Labor Supply in the Past, Present, and Future: a Balanced-Growth Perspective, NBER Working Papers (2016) Downloads View citations (30) (2016)
  3. The New Keynesian Transmission Mechanism: A Heterogeneous-Agent Perspective
    The Review of Economic Studies, 2020, 87, (1), 77-101 Downloads View citations (48)
    See also Working Paper The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective, NBER Working Papers (2016) Downloads View citations (15) (2016)

2018

  1. Comment
    NBER Macroeconomics Annual, 2018, 32, (1), 93 - 108 Downloads
  2. Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative
    Journal of Economic Dynamics and Control, 2018, 89, (C), 68-92 Downloads View citations (100)
    See also Working Paper Exploiting MIT Shocks in Heterogeneous-Agent Economies: The Impulse Response as a Numerical Derivative, CEPR Discussion Papers (2017) Downloads View citations (7) (2017)
  3. The Consequences of Uncertainty: Climate Sensitivity and Economic Sensitivity to the Climate
    Annual Review of Economics, 2018, 10, (1), 189-205 Downloads
    See also Working Paper The Consequences of Uncertainty: Climate Sensitivity and Economic Sensitivity to the Climate, Working Paper Series (2019) Downloads (2019)

2017

  1. Gross Worker Flows over the Business Cycle
    American Economic Review, 2017, 107, (11), 3447-76 Downloads View citations (51)
    See also Working Paper Gross Worker Flows over the Business Cycle, Discussion Papers (2015) Downloads View citations (4) (2015)

2016

  1. Climate policy
    Economic Policy, 2016, 31, (87), 503-558 Downloads View citations (1)
  2. Fiscal multipliers in the 21st century
    Journal of Monetary Economics, 2016, 77, (C), 53-69 Downloads View citations (82)
    See also Working Paper Fiscal Multipliers in the 21st Century, 2015 Meeting Papers (2015) Downloads View citations (12) (2015)
  3. Unions in a frictional labor market
    Journal of Monetary Economics, 2016, 80, (C), 35-50 Downloads View citations (24)
    See also Working Paper Unions in a frictional labor market, Working Papers (2016) Downloads View citations (24) (2016)

2015

  1. Is Piketty's "Second Law of Capitalism" Fundamental?
    Journal of Political Economy, 2015, 123, (4), 725 - 748 Downloads View citations (34)

2014

  1. Optimal Taxes on Fossil Fuel in General Equilibrium
    Econometrica, 2014, 82, (1), 41-88 Downloads View citations (525)
    See also Working Paper Optimal Taxes on Fossil Fuel in General Equilibrium, NBER Working Papers (2011) Downloads View citations (49) (2011)

2012

  1. Constrained Efficiency in the Neoclassical Growth Model With Uninsurable Idiosyncratic Shocks
    Econometrica, 2012, 80, (6), 2431-2467 Downloads View citations (166)
    See also Working Paper Constrained efficiency in the neoclassical growth model with uninsurable idiosyncratic shocks, LIDAM Reprints CORE (2012) View citations (69) (2012)
  2. ECONOMICS AND CLIMATE CHANGE: INTEGRATED ASSESSMENT IN A MULTI-REGION WORLD
    Journal of the European Economic Association, 2012, 10, (5), 974-1000 Downloads View citations (91)
    See also Working Paper Economics and Climate Change: Integrated Assessment in a Multi-Region World, NBER Working Papers (2012) Downloads View citations (99) (2012)

2011

  1. A three state model of worker flows in general equilibrium
    Journal of Economic Theory, 2011, 146, (3), 1107-1133 Downloads View citations (76)
    See also Working Paper A Three State Model of Worker Flows in General Equilibrium, NBER Working Papers (2009) Downloads View citations (3) (2009)
  2. Asset prices in a Huggett economy
    Journal of Economic Theory, 2011, 146, (3), 812-844 Downloads View citations (78)
    See also Working Paper Asset Prices in a Huggett Economy, 2008 Meeting Papers (2008) Downloads View citations (1) (2008)
  3. Frictional Wage Dispersion in Search Models: A Quantitative Assessment
    American Economic Review, 2011, 101, (7), 2873-98 Downloads View citations (247)
    See also Working Paper Frictional Wage Dispersion in Search Models: A Quantitative Assessment, NBER Working Papers (2007) Downloads View citations (40) (2007)

2010

  1. Aggregate labor market outcomes: The roles of choice and chance
    Quantitative Economics, 2010, 1, (1), 97-127 Downloads View citations (29)
    See also Working Paper Aggregate Labor Market Outcomes: The Role of Choice and Chance, CEPR Discussion Papers (2009) Downloads View citations (9) (2009)
  2. Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations
    The Review of Economic Studies, 2010, 77, (4), 1477-1507 Downloads View citations (219)
    See also Working Paper Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations, NBER Working Papers (2009) Downloads View citations (2) (2009)
  3. News shocks and business cycles
    Economic Quarterly, 2010, 96, (4Q), 373-397 Downloads View citations (13)
  4. Oil Monopoly and the Climate
    American Economic Review, 2010, 100, (2), 460-64 Downloads View citations (22)
  5. Temptation and Taxation
    Econometrica, 2010, 78, (6), 2063-2084 View citations (63)
    See also Working Paper Temptation and Taxation, GSIA Working Papers (2000) View citations (18) (2000)

2009

  1. Revisiting the Welfare Effects of Eliminating Business Cycles
    Review of Economic Dynamics, 2009, 12, (3), 393-402 Downloads View citations (114)
    See also Software Item Code files for "Revisiting the Welfare Effects of Eliminating Business Cycles", Computer Codes (2008) Downloads (2008)
    Working Paper Appendices for "Revisiting the Welfare Effects of Eliminating Business Cycles", Online Appendices (2008) Downloads (2008)

2008

  1. Aggregate implications of indivisible labor, incomplete markets, and labor market frictions
    Journal of Monetary Economics, 2008, 55, (5), 961-979 Downloads View citations (40)
    See also Working Paper Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions, NBER Working Papers (2008) Downloads View citations (35) (2008)
  2. Aggregation and Aggregation
    Journal of the European Economic Association, 2008, 6, (2-3), 381-394 Downloads View citations (11)
  3. On the optimal timing of capital taxes
    Journal of Monetary Economics, 2008, 55, (4), 692-709 Downloads View citations (8)
    See also Working Paper On the Optimal Timing of Capital Taxes, IEW - Working Papers (2007) Downloads View citations (3) (2007)
  4. Production subsidies and redistribution
    Journal of Economic Theory, 2008, 142, (1), 73-99 Downloads View citations (24)
  5. Time-Consistent Public Policy
    The Review of Economic Studies, 2008, 75, (3), 789-808 Downloads View citations (201)

2007

  1. EconomicDynamics Interviews Per Krusell on Search and Matching
    EconomicDynamics Newsletter, 2007, 8, (2) Downloads
  2. Growth accounting with investment-specific technological progress: A discussion of two approaches
    Journal of Monetary Economics, 2007, 54, (4), 1300-1310 Downloads View citations (36)
  3. Technology—Policy Interaction in Frictional Labour-Markets
    The Review of Economic Studies, 2007, 74, (4), 1089-1124 Downloads View citations (31)
    See also Working Paper Technology-policy interaction in frictional labor markets, Working Paper (2006) Downloads View citations (5) (2006)

2006

  1. Median‐voter Equilibria in the Neoclassical Growth Model under Aggregation
    Scandinavian Journal of Economics, 2006, 108, (4), 587-606 Downloads View citations (27)

2005

  1. The Replacement Problem In Frictional Economies: A Near-Equivalence Result
    Journal of the European Economic Association, 2005, 3, (5), 1007-1057 Downloads View citations (9)
    See also Working Paper The replacement problem in frictional economies: a near equivalence result, Working Paper (2005) Downloads View citations (9) (2005)
  2. The dynamics of government
    Journal of Monetary Economics, 2005, 52, (7), 1331-1358 Downloads View citations (95)
  3. Unemployment and vacancy fluctuations in the matching model: inspecting the mechanism
    Economic Quarterly, 2005, 91, (Sum), 19-50 Downloads View citations (132)

2003

  1. Consumption--Savings Decisions with Quasi--Geometric Discounting
    Econometrica, 2003, 71, (1), 365-375 View citations (171)
    See also Working Paper Consumption Savings Decisions with Quasi-Geometric Discounting, NajEcon Working Paper Reviews (2001) Downloads View citations (9) (2001)
  2. Implications of the capital-embodiment revolution for directed R&D and wage inequality
    Economic Quarterly, 2003, 89, (Fall), 25-50 Downloads View citations (8)

2002

  1. Equilibrium Welfare and Government Policy with Quasi-geometric Discounting
    Journal of Economic Theory, 2002, 105, (1), 42-72 Downloads View citations (140)
    See also Working Paper Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting, Temi di discussione (Economic working papers) (2001) Downloads View citations (14) (2001)
  2. Time orientation and asset prices
    Journal of Monetary Economics, 2002, 49, (1), 107-135 Downloads View citations (32)
    See also Working Paper Time Orientation and Asset Prices, GSIA Working Papers View citations (10)
  3. Time-consistent redistribution
    European Economic Review, 2002, 46, (4-5), 755-769 Downloads View citations (26)
  4. Vintage capital as an origin of inequalities
    Proceedings, 2002, (Nov) Downloads View citations (6)
    See also Working Paper Vintage Capital as an Origin of Inequalities, CEPR Discussion Papers (2002) Downloads View citations (8) (2002)

2000

  1. Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis
    Econometrica, 2000, 68, (5), 1029-1054 View citations (1016)
    See also Working Paper Capital-skill complementarity and inequality: a macroeconomic analysis, Staff Report (1997) Downloads View citations (191) (1997)
  2. Tax Policy with Quasi-Geometric Discounting
    International Economic Journal, 2000, 14, (3), 1-40 Downloads View citations (3)
  3. The IT revolution: is it evident in the productivity numbers?
    Economic Quarterly, 2000, (Fall), 49-78 Downloads View citations (9)
  4. The role of investment-specific technological change in the business cycle
    European Economic Review, 2000, 44, (1), 91-115 Downloads View citations (412)
    See also Working Paper The Role of Investment-Specific Technological Change in the Business Cycle, RCER Working Papers (1998) View citations (53) (1998)

1999

  1. Foreword
    Review of Economic Dynamics, 1999, 2, (1), 1 Downloads
  2. On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model
    American Economic Review, 1999, 89, (5), 1156-1181 Downloads View citations (133)
    See also Working Paper On the size of U.S. government: political economy in the neoclassical growth model, Staff Report (1997) Downloads View citations (3) (1997)
  3. On the Welfare Effects of Eliminating Business Cycles
    Review of Economic Dynamics, 1999, 2, (1), 245-272 Downloads View citations (150)
    See also Working Paper On the Welfare Effects of Eliminating Business Cycles, GSIA Working Papers Downloads View citations (21)

1998

  1. Income and Wealth Heterogeneity in the Macroeconomy
    Journal of Political Economy, 1998, 106, (5), 867-896 Downloads View citations (1690)
    See also Working Paper Income and Wealth Heterogeneity in the Macroeconomic, RCER Working Papers (1995) View citations (3) (1995)
  2. Investment-Specific R&D and the Decline in the Relative Price of Capital
    Journal of Economic Growth, 1998, 3, (2), 131-41 Downloads View citations (79)

1997

  1. INCOME AND WEALTH HETEROGENEITY, PORTFOLIO CHOICE, AND EQUILIBRIUM ASSET RETURNS
    Macroeconomic Dynamics, 1997, 1, (2), 387-422 Downloads View citations (268)
    See also Working Paper Income and Wealth Heterogeneity, Portfolio Choice, and Equilibrium Asset Returns, GSIA Working Papers View citations (53)
  2. Long-Run Implications of Investment-Specific Technological Change
    American Economic Review, 1997, 87, (3), 342-62 Downloads View citations (890)
    See also Working Paper Long-Run Implications of Investment-Specific Technological Change, RCER Working Papers (1996) View citations (11) (1996)
  3. Politico-economic equilibrium and economic growth
    Journal of Economic Dynamics and Control, 1997, 21, (1), 243-272 Downloads View citations (195)
  4. Quality change in the CPI - commentary
    Review, 1997, (May), 107-111 Downloads

1996

  1. Are consumption taxes really better than income taxes?
    Journal of Monetary Economics, 1996, 37, (3), 475-503 Downloads View citations (89)
  2. Endogenous tax policy and the distribution of wealth A comment
    Carnegie-Rochester Conference Series on Public Policy, 1996, 45, (1), 243-252 Downloads
  3. Rules of thumb in macroeconomic equilibrium A quantitative analysis
    Journal of Economic Dynamics and Control, 1996, 20, (4), 527-558 Downloads View citations (38)
  4. Vested Interests in a Positive Theory of Stagnation and Growth
    The Review of Economic Studies, 1996, 63, (2), 301-329 Downloads View citations (241)
    See also Working Paper Vested Interests in a Positive Theory of Stagnation and Growth, Working Papers (1993) View citations (11) (1993)

1993

  1. Money and Insurance in a Turnpike Environment
    Economic Theory, 1993, 3, (1), 19-34 View citations (9)

Chapters

2021

  1. Comment on "Climate Change Uncertainty Spillover in the Macroeconomy"
    A chapter in NBER Macroeconomics Annual 2021, volume 36, 2021, pp 329-334
  2. Finite Resources and the World Economy
    A chapter in NBER International Seminar on Macroeconomics 2021, 2021

2020

  1. Sources of US Wealth Inequality: Past, Present, and Future
    A chapter in NBER Macroeconomics Annual 2020, volume 35, 2020, pp 391-455 Downloads View citations (41)

2017

  1. Comment on "When Inequality Matters for Macro and Macro Matters for Inequality"
    A chapter in NBER Macroeconomics Annual 2017, volume 32, 2017, pp 93-108 View citations (1)

2016

  1. Environmental Macroeconomics
    Elsevier Downloads View citations (9)

2005

  1. The Effects of Technical Change on Labor Market Inequalities
    Chapter 20 in Handbook of Economic Growth, 2005, vol. 1, Part B, pp 1275-1370 Downloads View citations (102)
    See also Working Paper The Effects of Technical Change on Labour Market Inequalities, C.E.P.R. Discussion Papers (2005) Downloads View citations (6) (2005)

1996

  1. Can Technology Improvements Cause Productivity Slowdowns?
    A chapter in NBER Macroeconomics Annual 1996, Volume 11, 1996, pp 209-276 Downloads View citations (164)

Software Items

2008

  1. Code files for "Revisiting the Welfare Effects of Eliminating Business Cycles"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article Revisiting the Welfare Effects of Eliminating Business Cycles, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) Downloads View citations (114) (2009)
 
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