Details about Stephen J Turnovsky

E-mail:
Homepage:	http://www.econ.washington.edu/people/detail.asp?uid=sturn
Phone:	(206) 685-8028
Postal address:	Department of Economics University of Washington Box 353330 Seattle WA 98195-3330
Workplace:	Department of Economics, University of Washington, (more information at EDIRC)

Access statistics for papers by Stephen J Turnovsky.

Last updated 2008-12-05. Update your information in the RePEc Author Service.

Short-id: ptu5

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Working Papers

2008

1. Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy
   IMF Working Papers, International Monetary Fund
2. How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model
   Working Papers, Department of Economics, Florida State University
3. Intergenerational Tax-Transfer Policies, Growth, and the Distribution of Consumption
   Working Papers, University of Washington, Department of Economics
4. Stabilization Theory and Policy: 50 Years after the Phillips Curve
   Working Papers, University of Washington, Department of Economics
5. Taxation and Income Distribution Dynamics in a Neoclassical Growth Model
   Working Papers, HAL

2007

6. Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation
   Working Papers, University of Washington, Department of Economics
   See Also Journal Article in Journal of Public Economic Theory (2008)
7. Variable Retirement and the Effects of Social Insurance on Savings, Wealth, and Welfare
   Economics Discussion Papers, Kiel Institute for the World Economy
   Also in
   Working Papers, University of Washington, Department of Economics (2005)

2006

8. Consumption Externalities, Production Externalities, and Efficient Capital Accumulation under Time Non-Separable Preferences
   Working Papers, University of Washington, Department of Economics
   Also in
   Discussion Papers, Department of Economics, University of York View citations
   See Also Journal Article in European Economic Review (2007)
9. The Dynamics of Wealth and Income Distribution in a Neoclassical Growth Model
   IDEP Working Papers, Institut d'economie publique (IDEP), Marseille, France View citations
   Also in
   Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations

2005

10. Elasticity of Substitution and the Persistence of the Deviation of the Real Exchange Rates
    Computing in Economics and Finance 2005, Society for Computational Economics
    See Also Journal Article in Review of Development Economics (2006)
11. Excludable and Non-Excludable Public Inputs: Consequences for Economic Growth
    CESifo Working Paper Series, CESifo GmbH View citations
    Also in
    Working Papers, University of Washington, Department of Economics (2005) View citations
    Working Paper Series in Economics, University of Lüneburg, Institute of Economics (2005) View citations
    See Also Journal Article in Economica (2006)
12. Feedback Approximation of the Stochastic Growth Model by Genetic Neural Networks
    Working Papers, University of Washington, Department of Economics View citations
    See Also Journal Article in Computational Economics (2006)
13. Foreign Aid and Economic Growth: The Role of flexible Labor Supply
    Working Papers, University of Washington, Department of Economics
    See Also Journal Article in Journal of Development Economics (2007)
14. Growth and Income Inequality: A Canonical Model
    Working Papers, University of Washington, Department of Economics
    See Also Journal Article in Economic Theory (2006)

2004

15. Equilibrium Consumption and Precautionary Savings in a Stochastically Growing Economy
    Working Papers, University of Washington, Department of Economics
    See Also Journal Article in Journal of Economic Dynamics and Control (2006)
16. Habit Formation, Catching Up with the Joneses, and Economic Growth
    Working Papers, University of Washington, Department of Economics View citations
    See Also Journal Article in Journal of Economic Growth (2004)
17. Second-Best Optimal Taxation of Capital and Labor in a Developing Economy
    Working Papers, University of Washington, Department of Economics
    Also in
    IDEP Working Papers, Institut d'economie publique (IDEP), Marseille, France (2003) View citations
    See Also Journal Article in Journal of Public Economics (2005)
18. Tied Versus Untied Aid: Consequences For A Growing Economy
    Royal Economic Society Annual Conference 2004, Royal Economic Society
19. Tied Versus Untied Foreign Aid: Consequences for a Growing Economy
    Computing in Economics and Finance 2004, Society for Computational Economics

2003

20. Consumption Externalities, Production Externalities, and the Accumulation of Capital
    Working Papers, University of Washington, Department of Economics View citations
21. Effects of differential taxation on factor accumulation and growth
    Working Papers in Economics, Universitat de Barcelona. Espai de Recerca en Economia View citations
22. Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy
    Working Papers, University of Washington, Department of Economics
23. Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses
    Working Papers, University of Washington, Department of Economics
    See Also Journal Article in Journal of Development Economics (2005)
24. Renewable Resources in an Endogenously Growing Economy
    Working Papers, University of Washington, Department of Economics
25. Sectoral Adjustment Costs and Real Exchange Rate Dynamics in a Two-Sector Dependent Economy
    Working Papers, University of Washington, Department of Economics
    See Also Journal Article in Journal of International Economics (2004)
26. The Welfare Gains from Stabilization in a Stochastically Growing Economy with Idiosyncratic Shocks and Flexible Labor Supply
    Computing in Economics and Finance 2003, Society for Computational Economics
    Also in
    Working Papers, University of Washington, Department of Economics

2002

27. Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy
    Working Papers, University of Washington, Department of Economics View citations
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations
    Working Papers, University of Washington, Department of Economics (2000) View citations
    See Also Journal Article in Journal of International Money and Finance (2003)
28. RENEWABLE RESOURCES IN AN ENDOGENOUSLY GROWING ECONOMY: BALANCED GROWTH AND TRANSITIONAL DYNAMICS
    Economics, Department of Economics, Central bank of Iceland
    See Also Journal Article in Journal of Environmental Economics and Management (2004)
29. Substitutability of Capital, Investment Costs, and Foreign Aid
    Working Papers, University of Washington, Department of Economics View citations
30. Tax reforms and inequality: theoretical and empirical implications
    Working Papers in Economics, Universitat de Barcelona. Espai de Recerca en Economia
31. The Transitional Dynamics of Fiscal Policy: Long-run Capital Accumulation and Growth
    Working Papers, University of Washington, Department of Economics
    Also in
    Working Papers, University of Washington, Department of Economics (2000)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000)
    Computing in Economics and Finance 2000, Society for Computational Economics (2000)
    See Also Journal Article in Journal of Money, Credit and Banking (2004)
32. To Spend the US Government Surplus or to Increase the Deficit? A Numerical Analysis of the Policy Options
    Working Papers, University of Washington, Department of Economics
    See Also Journal Article in Journal of the Japanese and International Economies (2002)
33. production risk and the functional distribution of income in a developing economy
    Computing in Economics and Finance 2002, Society for Computational Economics

2001

34. IntertemporalSubstitution, Risk Aversion, and Economic Performance in a StocashticallyGrowing Open Economy
    Computing in Economics and Finance 2001, Society for Computational Economics
35. The Impact of Idiosyncratic Shocks on Welfare and Asset Returns in a Stochastically Growing Economy
    Computing in Economics and Finance 2001, Society for Computational Economics

2000

36. Financial Liberalization and Capital Flow Reversals
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000)
37. Growth in an Open Economy: Some Recent Developments
    Working Papers, University of Washington, Department of Economics View citations
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations
    Working Papers, Warwick - Development Economics Research Centre (2000) View citations
    Research series, National Bank of Belgium (2000) View citations
38. Unilateral Capital Transfers, Public Investment, and Economic Growth
    Working Papers, University of Washington, Department of Economics View citations
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations
    See Also Journal Article in European Economic Review (2003)

1999

39. Knife-Edge Conditions and the Macroeconomics of Small Open Economies
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999)
40. Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?
    Working Papers, University of Washington, Department of Economics View citations
    Also in
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations
    See Also Journal Article in Economic Journal (2002)

1998

41. Fiscal Policy, Elastic Labor Supply, and Endogenous Growth
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1998)
    See Also Journal Article in Journal of Monetary Economics (2000)
42. On the Role of Government in a Stochastically Growing Open Economy
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1998)
    See Also Journal Article in Journal of Economic Dynamics and Control (1999)
43. Productive Government Expenditure in a Stochastically Growing Economy
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1998)
44. Scale, Congestion, and Growth
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in
    Working Papers, University of Washington, Department of Economics (1998)
    See Also Journal Article in Economica (2000)
45. Volatility and Growth in Developing Economies: Some Numerical Results and Empirical Evidence
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1998) View citations
    See Also Journal Article in Journal of International Economics (2003)

1997

46. Capital Income Taxation and Risk-Taking in a Small Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in
    UCLA Economics Working Papers, UCLA Department of Economics (1997)
    See Also Journal Article in Journal of Public Economics (1998)
47. Congestion and Public Capital
    Economics Series, Institute for Advanced Studies
48. Consequences of Debt Policy in a Stochastically Growing Monetary Economy
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1997)
    See Also Journal Article in International Economic Review (1998)
49. Non-Scale Growth in an Open Economy
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1997)
50. Risk and Financial Development. A Comparative Case Study of Mexico and Indonesia
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in
    Working Papers, University of Washington, Department of Economics (1997)
    See Also Journal Article in Proceedings (1996)
51. Risk, Optimal Government Finance, and Monetary Policies in a Growing Economy
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in
    Working Papers, University of Washington, Department of Economics (1997)
    See Also Journal Article in Economica (1998)
52. Toward a General Model of Economic Growth
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in
    Working Papers, University of Washington, Department of Economics (1997)

1994

53. Growth and Savings in Stochastic World Economy
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1994)

1993

54. The Dependent Economy Model with Both Traded and Non-Traded Capital Goods
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Review of International Economics (1994)
55. The Impact of Terms of Trade Shocks on a Small Open Economy: A Stochastic Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1991)
    Working Papers, University of Washington, Department of Economics (1991)
    See Also Journal Article in Journal of International Money and Finance (1993)
56. The International Transmission of Tax Policies in a Dynamic World Economy
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Review of International Economics (1992)

1992

57. Risk, the Financial Market and Macroeconomic Equilibrium
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1992)
    See Also Journal Article in Journal of Economic Dynamics and Control (1993)
58. The Growth and Welfare Consequences of Differential Tariffs With Endogenously-Supplied Capital and Labor
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1991

59. Fiscal Policy and the term Structure of Interest Rates: An Intertemporal Optimizing Analysis
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in
    Working Papers, University of Washington, Department of Economics (1991)
    See Also Journal Article in Journal of Money, Credit and Banking (1992)
60. Fiscal Policy, Capital Accumulation, and Debt in an Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in
    Working Papers, University of Washington, Department of Economics (1990)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1990) View citations
    See Also Journal Article in Oxford Economic Papers (1991)
61. Investment Tax Credit in an Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in
    Working Papers, University of Washington, Department of Economics (1990) View citations
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1990) View citations
    See Also Journal Article in Journal of Public Economics (1990)
62. Stochastic Equilibrium and Exchange Rate Determination a Small Open Economy with Risk Averse Optimizing Agents
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington View citations
    Also in
    Working Papers, University of Washington, Department of Economics (1991) View citations
63. Stochastic Equilibrium and Exchange Rate Determination in a Small Open Economy with Risk Averse Optimizing Agents
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
64. Tariffs and Sectoral Adjustments in an Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1990) View citations
    Working Papers, University of Washington, Department of Economics (1990) View citations
    See Also Journal Article in Journal of Economic Dynamics and Control (1991)

1990

65. Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in International Economic Review (1989)

1989

66. Deterioration of the Terms of Trade and Capital Accumulation: A Reexamination of the Laursen-Metzler Effect
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1988)
    Working Papers, University of Washington, Department of Economics (1988)
    See Also Journal Article in Journal of International Economics (1989)
67. Growth, debt, and sovereign risk in a small, open economy
    Policy Research Working Paper Series, The World Bank
68. THE EFFECTS OF TAXES AND DEVIDEND POLICY ON CAPITAL ACCUMULATION AND MACROECONOMIC BEHAVIOR
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1989)
    See Also Journal Article in Journal of Economic Dynamics and Control (1990)
69. THE TERM STRUCTURE OF INTEREST RATES AND THE EFFETS OF MACROECONOMICS POLICY
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in
    NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations
    Working Papers, University of Washington, Department of Economics (1989)
    See Also Journal Article in Journal of Money, Credit and Banking (1989)
70. The Choice of Monetary Instrument in Two Interdependent Economies Under Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Journal of Monetary Economics (1989)
71. The Gains from Fiscal Cooperation in the Two Commodity Real Trade Model
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Journal of International Economics (1988)

1988

72. Alternative Modes of Deficit Financing and Endogenous Monetary and Fiscal Policy 1923-1982
    NBER Working Papers, National Bureau of Economic Research, Inc
73. Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in American Economic Review (1988)
74. Monetary Growth, Inflation, and Economic Activity in a Dynamic Macro Model
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in International Economic Review (1987)
75. Optimal Monetary Policy in an Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
76. STRATEGIC WAGES POLICY AND THE GAINS FROM COOPERATION
    Working Papers, University of Washington, Department of Economics
    Also in
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1988)
77. Supply Shocks and Optimal Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Oxford Economic Papers (1987)
78. THE CHOICE OF MONETARY INSTRUMENT IN TWO INTERDEPENDENT ECONOMICS UNDER UNCERTAINTY THE LAURSEN-METZLER EFFECT
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in
    Working Papers, University of Washington, Department of Economics (1988)

1987

79. Monetary Policies in Interdependent Economies with Stochastic Disturbances: A Strategic Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Economic Journal (1986)
80. Optimal Monetary Growth with Accomodating Fiscal Policy in a Small Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Journal of International Money and Finance (1987)
81. Optimal Monetary Policy and Wage Indexation Under Alternative Disturbances and Information Structures
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Journal of Money, Credit and Banking (1987)
82. Optimal Tariffs in Consistent Conjectural Variations Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Journal of International Economics (1986)
83. Short-Term and Long-Term Interest Rates in a Monetary Model of a Small Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Journal of International Economics (1986)

1986

84. An Analysis of the Stabilizing and Welfare Effects of Intervention in Spot and Futures Markets
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Journal of Public Economics (1985)
85. Macroeconomic Stabilization Through Taxation and Indexation: The use ofFirm-Specific Information
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Journal of Monetary Economics (1985)
86. Monetary and Fiscal Policy Under Perfect Foresight: A Symmetric Two Country Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Economica (1986)

1985

87. Domestic and Foreign Disturbances in an Optimizing Model of Exchange- Rate Determination
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Journal of International Money and Finance (1985)
88. Exchange Market Intervention Under Alternative Forms of Exogenous Disturbances
    NBER Working Papers, National Bureau of Economic Research, Inc
    See Also Journal Article in Journal of International Economics (1984)
89. Imported Materials Prices, Wage Policy, and Macroeconomic Stabilization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Canadian Journal of Economics (1985)

1984

90. Covered Interest Parity, Uncovered Interest Parity, and Exchange Rate Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Economic Journal (1983)
91. The Forward Exchange Market, Speculation, and Exchange Market Intervention
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in The Quarterly Journal of Economics (1984)
92. Wage Indexation and Exchange Market Intervention in a Small Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See Also Journal Article in Canadian Journal of Economics (1983)

1974

93. The Dynamics of Government Policy in an Inflationary Economy" An `Intermediate-Run' Analysis
    Research Program in Finance Working Papers, University of California at Berkeley
    See Also Journal Article in Journal of Money, Credit and Banking (1976)

1971

94. A test of the "expectations hypothesis" using directly observed wage and price expectations
    Staff Studies, Board of Governors of the Federal Reserve System (U.S.) View citations
    See Also Journal Article in The Review of Economics and Statistics (1972)

Undated

95. Economic Growth, Trade, and Environmental Quality in a Two-region World Economy
    Working Papers, University of Washington, Department of Economics
96. Growth, Income Inequality, and Fiscal Policy: What are the Relevant Tradeoffs?
    Working Papers, University of Washington, Department of Economics
    See Also Journal Article in Journal of Money, Credit and Banking (2007)
97. Transitional Dynamics in Non-Scale Growth Models
    Computing in Economics and Finance 1997, Society for Computational Economics View citations

Journal Articles

2008

1. Consumption externalities: a representative consumer model when agents are heterogeneous
   Economic Theory, 2008, 37, (3), 439-467
2. Distributional dynamics in a neoclassical growth model: The role of elastic labor supply
   Journal of Economic Dynamics and Control, 2008, 32, (5), 1399-1431 View citations
3. Dynamic effects of terms of trade shocks: The impact on debt and growth
   Journal of International Money and Finance, 2008, 27, (6), 876-896
4. Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation
   Journal of Public Economic Theory, 2008, 10, (1), 27-53
   See Also Working Paper (2007)
5. The composition of productive government expenditure: consequences for economic growth and welfare
   Indian Growth and Development Review, 2008, 1, (1), 57-83
6. The role of factor substitution in the theory of economic growth and income distribution: Two examples
   Journal of Macroeconomics, 2008, 30, (2), 604-629

2007

7. Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences
   European Economic Review, 2007, 51, (2), 479-504
   See Also Working Paper (2006)
8. Foreign aid and economic growth: The role of flexible labor supply
   Journal of Development Economics, 2007, 84, (1), 507-533 View citations
   See Also Working Paper (2005)
9. Growth, Income Inequality, and Fiscal Policy: What Are the Relevant Trade-offs?
   Journal of Money, Credit and Banking, 2007, 39, (2-3), 369-394 View citations
   See Also Working Paper
10. Uncertain Retirement and the Effects of Social Insurance on Savings, Wealth, and Welfare
    Economics - The Open-Access, Open-Assessment E-Journal, 2007, 1, (2)

2006

11. Anticipated Fiscal Policy Changes and Goods Market Adjustments
    German Economic Review, 2006, 7, 135-161 View citations
12. Congestion and Fiscal Policy in a Two-Sector Economy with Public Capital: A Quantitative Assessment
    Computational Economics, 2006, 28, (2), 177-209 View citations
13. Elasticity of Substitution and the Persistence of the Deviation of the Real Exchange Rates
    Review of Development Economics, 2006, 10, (3), 411-433
    See Also Working Paper (2005)
14. Equilibrium consumption and precautionary savings in a stochastically growing economy
    Journal of Economic Dynamics and Control, 2006, 30, (2), 243-278
    See Also Working Paper (2004)
15. Excludable and Non-excludable Public Inputs: Consequences for Economic Growth
    Economica, 2006, 73, (292), 725-748 View citations
    See Also Working Paper (2005)
16. Feedback Approximation of the Stochastic Growth Model by Genetic Neural Networks
    Computational Economics, 2006, 27, (2), 185-206
    See Also Working Paper (2005)
17. Growth and income inequality: a canonical model
    Economic Theory, 2006, 28, (1), 25-49 View citations
    See Also Working Paper (2005)
18. Public and private production in a two-sector economy
    Journal of Macroeconomics, 2006, 28, (2), 273-302

2005

19. Consumption externalities, production externalities, and long-run macroeconomic efficiency
    Journal of Public Economics, 2005, 89, (5-6), 1097-1129 View citations
20. Financing Public Investment through Foreign Aid: Consequences for Economic Growth and Welfare *
    Review of International Economics, 2005, 13, (1), 20-44 View citations
21. Production risk and the functional distribution of income in a developing economy: tradeoffs and policy responses
    Journal of Development Economics, 2005, 76, (1), 175-208 View citations
    See Also Working Paper (2003)
22. Second-best optimal taxation of capital and labor in a developing economy
    Journal of Public Economics, 2005, 89, (5-6), 1045-1074 View citations
    See Also Working Paper (2004)
23. WELFARE GAINS FROM STABILIZATION IN A STOCHASTICALLY GROWING ECONOMY WITH IDIOSYNCRATIC SHOCKS AND FLEXIBLE LABOR SUPPLY
    Macroeconomic Dynamics, 2005, 9, (03), 321-357 View citations

2004

24. Capital Income Taxes and Growth in a Stochastic Economy: A Numerical Analysis of the Role of Risk Aversion and Intertemporal Substitution
    Journal of Public Economic Theory, 2004, 6, (2), 277-310 View citations
25. Habit Formation, Catching Up with the Joneses, and Economic Growth
    Journal of Economic Growth, 2004, 9, (1), 47-80 View citations
    See Also Working Paper (2004)
26. Renewable resources in an endogenously growing economy: balanced growth and transitional dynamics
    Journal of Environmental Economics and Management, 2004, 48, (3), 1018-1049 View citations
    See Also Working Paper (2002)
27. Sectoral adjustment costs and real exchange rate dynamics in a two-sector dependent economy
    Journal of International Economics, 2004, 63, (1), 147-177 View citations
    See Also Working Paper (2003)
28. The Transitional Dynamics of Fiscal Policy: Long-Run Capital Accumulation and Growth
    Journal of Money, Credit and Banking, 2004, 36, (5), 883-910 View citations
    See Also Working Paper (2002)

2003

29. Intertemporal substitution, risk aversion, and economic performance in a stochastically growing open economy
    Journal of International Money and Finance, 2003, 22, (4), 529-556 View citations
    See Also Working Paper (2002)
30. Unilateral capital transfers, public investment, and economic growth
    European Economic Review, 2003, 47, (6), 1077-1103 View citations
    See Also Working Paper (2000)
31. Volatility and growth in developing economies: some numerical results and empirical evidence
    Journal of International Economics, 2003, 59, (2), 267-295 View citations
    See Also Working Paper (1998)

2002

32. Intertemporal and intratemporal substitution, and the speed of convergence in the neoclassical growth model
    Journal of Economic Dynamics and Control, 2002, 26, (9-10), 1765-1785 View citations
33. Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?
    Economic Journal, 2002, 112, (476), 107-132 View citations
    See Also Working Paper (1999)
34. The Dynamics of Temporary Policies in a Small Open Economy
    Review of International Economics, 2002, 10, (4), 604-22 View citations
35. To Spend the U.S. Government Surplus or to Increase the Deficit? A Numerical Analysis of the Policy Options
    Journal of the Japanese and International Economies, 2002, 16, (4), 405-435 View citations
    See Also Working Paper (2002)

2001

36. Transitional dynamics in a two-sector non-scale growth model
    Journal of Economic Dynamics and Control, 2001, 25, (1-2), 85-113 View citations

2000

37. Differential tariffs, growth, and welfare in a small open economy
    Journal of Development Economics, 2000, 62, (2), 315-342 View citations
38. Fiscal policy, elastic labor supply, and endogenous growth
    Journal of Monetary Economics, 2000, 45, (1), 185-210 View citations
    See Also Working Paper (1998)
39. Government Policy in a Stochastic Growth Model with Elastic Labor Supply
    Journal of Public Economic Theory, 2000, 2, (4), 389-433 View citations
40. Optimal Policy for Financial Market Liberalizations: Decentralization and Capital Flow Reversals
    German Economic Review, 2000, 1, (1), 19-42 View citations
41. Scale, Congestion and Growth
    Economica, 2000, 67, (267), 325-46 View citations
    See Also Working Paper (1998)

1999

42. Budget Balance, Welfare, and the Growth Rate: "Dynamic Scoring" of the Long-Run Government Budget
    Journal of Money, Credit and Banking, 1999, 31, (2), 162-86 View citations
43. Convergence in a Two-Sector Nonscale Growth Model
    Journal of Economic Growth, 1999, 4, (4), 413-28 View citations
44. Fiscal Policy and Growth in a Small Open Economy with Elastic Labor Supply
    Canadian Journal of Economics, 1999, 32, (5), 1191-1214 View citations
45. International Capital Markets and Non-scale Growth
    Review of International Economics, 1999, 7, (2), 171-88 View citations
46. Non-scale Models of Economic Growth
    Economic Journal, 1999, 109, (457), 394-415 View citations
47. On the role of government in a stochastically growing open economy
    Journal of Economic Dynamics and Control, 1999, 23, (5-6), 873-908 View citations
    See Also Working Paper (1998)

1998

48. Capital income taxation and risk-taking in a small open economy
    Journal of Public Economics, 1998, 68, (1), 55-90 View citations
    See Also Working Paper (1997)
49. Consequences of Debt Policy in a Stochastically Growing Monetary Economy
    International Economic Review, 1998, 39, (2), 495-521 View citations
    See Also Working Paper (1997)
50. Public Investment, Congestion, and Private Capital Accumulation
    Economic Journal, 1998, 108, (447), 399-413 View citations
51. Risk, Optimal Government Finance and Monetary Policies in a Growing Economy
    Economica, 1998, 65, (259), 401-27 View citations
    See Also Working Paper (1997)

1997

52. Equilibrium Growth in a Small Economy Facing an Imperfect World Capital Market
    Review of Development Economics, 1997, 1, (1), 1-22 View citations
53. International Effects of Government Expenditure in Interdependent Economies
    Canadian Journal of Economics, 1997, 30, (1), 57-84 View citations

1996

54. Adjustment costs and investment in a stochastic endogenous growth model
    Journal of Monetary Economics, 1996, 38, (1), 77-100 View citations
55. Endogenous Growth in a Dependent Economy with Traded and Nontraded Capital
    Review of International Economics, 1996, 4, (3), 300-321 View citations
56. Fiscal Policy, Adjustment Costs, and Endogenous Growth
    Oxford Economic Papers, 1996, 48, (3), 361-81 View citations
57. Fiscal policy, growth, and macroeconomic performance in a small open economy
    Journal of International Economics, 1996, 40, (1-2), 41-66 View citations
58. Optimal government finance policy and exchange rate management in a stochastically growing open economy
    Journal of International Money and Finance, 1996, 15, (5), 687-716 View citations
59. Optimal tax, debt, and expenditure policies in a growing economy
    Journal of Public Economics, 1996, 60, (1), 21-44 View citations
60. Risk and financial development: a comparative case study of Mexico and Indonesia
    Proceedings, 1996, 147-179
    See Also Working Paper (1997)
61. Trends and Fads in Macroeconomic Dynamics
    Indian Economic Review, 1996, 31, (1), 23-40

1995

62. Investment in a Two-Sector Dependent Economy
    Journal of the Japanese and International Economies, 1995, 9, (1), 29-55 View citations
63. The composition of government expenditure and its consequences for macroeconomic performance
    Journal of Economic Dynamics and Control, 1995, 19, (4), 747-786 View citations

1994

64. Exchange rate determination and asset prices in a stochastic small open economy
    Journal of International Economics, 1994, 36, (1-2), 75-97 View citations
65. External markets, exchange rate dynamics and the impact of monetary disturbances
    Journal of International Money and Finance, 1994, 13, (5), 499-515
66. Taxes, housing, and capital accumulation in a two-sector growing economy
    Journal of Public Economics, 1994, 53, (2), 245-267
67. The Dependent-Economy Model with Both Traded and Nontraded Capital Goods
    Review of International Economics, 1994, 2, (3), 306-25 View citations
    See Also Working Paper (1993)

1993

68. Macroeconomic Policies, Growth, and Welfare in a Stochastic Economy
    International Economic Review, 1993, 34, (4), 953-81 View citations
69. Risk, the financial market, and macroeconomic equilibrium
    Journal of Economic Dynamics and Control, 1993, 17, (1-2), 1-36 View citations
    See Also Working Paper (1992)
70. The Growth and Welfare Consequences of Differential Tariffs
    International Economic Review, 1993, 34, (4), 765-94 View citations
71. The impact of terms of trade shocks on a small open economy: A stochastic analysis
    Journal of International Money and Finance, 1993, 12, (3), 278-297 View citations
    See Also Working Paper (1993)

1992

72. Alternative Forms of Government Expenditure Financing: A Comparative Welfare Analysis
    Economica, 1992, 59, (234), 235-52 View citations
73. Exchange rate management: a partial review
    Proceedings, 1992, 99-137 View citations
74. Fiscal Policy and the Term Structure of Interest Rates: An Intertemporal Optimizing Analysis
    Journal of Money, Credit and Banking, 1992, 24, (1), 1-26 View citations
    See Also Working Paper (1991)
75. On the choice of monetary target in a stochastically growing small open economy
    Proceedings, 1992, (Sep)
76. The International Transmission of Tax Policies in a Dynamic World Economy
    Review of International Economics, 1992, 1, (1), 49-72 View citations
    See Also Working Paper (1993)

1991

77. Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies: Reply
    American Economic Review, 1991, 81, (5), 1443-45 View citations
78. Fiscal Policy, Capital Accumulation, and Debt in an Open Economy
    Oxford Economic Papers, 1991, 43, (1), 1-24 View citations
    See Also Working Paper (1991)
79. Intertemporal issues in international macroeconomics
    Journal of Economic Dynamics and Control, 1991, 15, (1), 1-3
80. Tariffs and sectoral adjustments in an open economy
    Journal of Economic Dynamics and Control, 1991, 15, (1), 53-89 View citations
    See Also Working Paper (1991)
81. The Next Hundred Years
    Economic Journal, 1991, 101, (404), 142-48

1990

82. Assets, aggregates and optimal monetary control
    Journal of Banking & Finance, 1990, 14, (1), 155-177
83. Investment tax credit in an open economy
    Journal of Public Economics, 1990, 42, (3), 277-299 View citations
    See Also Working Paper (1991)
84. The effects of taxes and dividend policy on capital accumulation and macroeconomic behavior
    Journal of Economic Dynamics and Control, 1990, 14, (3-4), 491-521 View citations
    See Also Working Paper (1989)

1989

85. Deterioration of the terms of trade and capital accumulation: A re-examination of the Laursen-Metzler effect
    Journal of International Economics, 1989, 26, (3-4), 227-250 View citations
    See Also Working Paper (1989)
86. Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy
    International Economic Review, 1989, 30, (4), 811-31 View citations
    See Also Working Paper (1990)
87. The Term Structure of Interest Rates and the Effects of Macroeconomic Policy
    Journal of Money, Credit and Banking, 1989, 21, (3), 321-47 View citations
    See Also Working Paper (1989)
88. The choice of monetary instrument in two interdependent economies under uncertainty
    Journal of Monetary Economics, 1989, 23, (1), 121-133 View citations
    See Also Working Paper (1989)

1988

89. Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies
    American Economic Review, 1988, 78, (3), 341-61 View citations
    See Also Working Paper (1988)
90. The gains from fiscal cooperation in the two-commodity real trade model
    Journal of International Economics, 1988, 25, (1-2), 111-127 View citations
    See Also Working Paper (1989)

1987

91. Alternative Modes of Deficit Financing and Endogeneous Monetary and Fiscal Policy in the U.S.A. 1923-1982
    Journal of Applied Econometrics, 1987, 2, (1), 1-25
92. Monetary Growth, Inflation, and Economic Activity in a Dynamic Macro Model
    International Economic Review, 1987, 28, (3), 707-30
    See Also Working Paper (1988)
93. Optimal Monetary Policy and Wage Indexation under Alternative Disturbances and Information Structures
    Journal of Money, Credit and Banking, 1987, 19, (2), 157-80 View citations
    See Also Working Paper (1987)
94. Optimal monetary growth with accommodating fiscal policy in a small open economy
    Journal of International Money and Finance, 1987, 6, (2), 179-193
    See Also Working Paper (1987)
95. Supply Shocks and Optimal Monetary Policy
    Oxford Economic Papers, 1987, 39, (1), 20-37 View citations
    See Also Working Paper (1988)

1986

96. Monetary Policies in Interdependent Economies with Stochastic Disturbances: A Strategic Approach
    Economic Journal, 1986, 96, (383), 696-721 View citations
    See Also Working Paper (1987)
97. Monetary and Fiscal Policy under Perfect Foresight: A Symmetric Two-country Analysis
    Economica, 1986, 53, (210), 139-57 View citations
    See Also Working Paper (1986)
98. Optimal strategic monetary policies in dynamic interdependent economies A summary paper
    Journal of Economic Dynamics and Control, 1986, 10, (1-2), 15-19
99. Optimal tariffs in consistent conjectural variations equilibrium
    Journal of International Economics, 1986, 21, (3-4), 301-312
    See Also Working Paper (1987)
100. Risk, exchange market intervention, and private speculative behavior in a small open economy
     Proceedings, 1986, 41-75
101. Short-term and long-term interest rates in a monetary model of a small open economy
     Journal of International Economics, 1986, 20, (3-4), 291-311 View citations
     See Also Working Paper (1987)

1985

102. An analysis of the stabilizing and welfare effects of intervention in spot and futures markets
     Journal of Public Economics, 1985, 28, (2), 165-209
     See Also Working Paper (1986)
103. Domestic and foreign disturbances in an optimizing model of exchange-rate determination
     Journal of International Money and Finance, 1985, 4, (1), 151-171 View citations
     See Also Working Paper (1985)
104. Imported Materials Prices, Wage Policy, and Macro-economic Stabilization
     Canadian Journal of Economics, 1985, 18, (2), 273-84 View citations
     See Also Working Paper (1985)
105. Macroeconomic stabilization through taxation and indexation: The use of firm-specific information
     Journal of Monetary Economics, 1985, 16, (3), 375-395 View citations
     See Also Working Paper (1986)
106. The Stabilizing and Welfare Properties of Futures Markets: A Simulation Approach
     International Economic Review, 1985, 26, (2), 277-303 View citations

1984

107. Equilibrium, stability, and deficit financing in a simple nonlinear monetary model under perfect foresight
     Journal of Macroeconomics, 1984, 6, (4), 377-397
108. Exchange market intervention under alternative forms of exogenous disturbances
     Journal of International Economics, 1984, 17, (3-4), 279-297 View citations
     See Also Working Paper (1985)
109. Materials price increases and aggregate adjustment in an open economy: A Stochastic Approach
     European Economic Review, 1984, 25, (2), 151-182 View citations
110. Monetarism and the Aggregate Economy: Some Longer-Run Evidence
     The Review of Economics and Statistics, 1984, 66, (4), 619-29 View citations
111. The Effects of Government Expenditure on the Term Structure of Interest Rates
     Journal of Money, Credit and Banking, 1984, 16, (1), 16-33 View citations
112. The Forward Exchange Market, Speculation, and Exchange Market Intervention
     The Quarterly Journal of Economics, 1984, 99, (1), 45-69 View citations
     See Also Working Paper (1984)

1983

113. Covered Interest Parity and Speculative Efficiency: Some Empirical Evidence for Australia
     The Economic Record, 1983, 59, (166), 271-80 View citations
114. Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics
     Economic Journal, 1983, 93, (371), 555-75 View citations
     See Also Working Paper (1984)
115. Exchange Risk, Political Risk, and Macroeconomic Equilibrium
     American Economic Review, 1983, 73, (1), 183-89 View citations
116. Expanding Exports and the Structure of the Domestic Economy: A Monetary Analysis
     The Economic Record, 1983, 59, (166), 245-59
117. Negative international transmission of economic expansion
     European Economic Review, 1983, 20, (1-3), 289-310 View citations
118. The Determination of Spot and Futures Prices with Storable Commodities
     Econometrica, 1983, 51, (5), 1363-87 View citations
119. The dynamic effects of fiscal and monetary policies under bond financing: A theoretical simulation approach to crowding out
     Journal of Monetary Economics, 1983, 11, (1), 45-71
120. Wage Indexation and Exchange Market Interventions in a Small Open Economy
     Canadian Journal of Economics, 1983, 16, (4), 574-92 View citations
     See Also Working Paper (1984)

1982

121. A determination of the optimal currency basket: A macroeconomic analysis
     Journal of International Economics, 1982, 12, (3-4), 333-354 View citations
122. Alternative monetary policies in an inflationary equilibrium model of the open economy
     Review of World Economics (Weltwirtschaftliches Archiv), 1982, 118, (1), 1-18
123. Effects of monetary disturbances on exchange rates with risk averse speculation
     Journal of International Money and Finance, 1982, 1, (1), 21-37 View citations
124. The Degree of Capital Mobility and the Stability of an Open Economy under Rational Expectations
     Journal of Money, Credit and Banking, 1982, 14, (3), 303-26
125. The incidence of taxes: A dynamic macroeconomic analysis
     Journal of Public Economics, 1982, 18, (2), 161-194 View citations

1981

126. Dynamic Macroeconomic Stability with or without Equilibrium in Money and Labour Markets
     Economica, 1981, 48, (191), 251-65
127. Editorial
     Journal of Economic Dynamics and Control, 1981, 3, (1), 327-327
128. Monetary Policy and Foreign Price Disturbances under Flexible Exchange Rates: A Stochastic Approach
     Journal of Money, Credit and Banking, 1981, 13, (2), 156-76 View citations
129. Secular Inflation and Dynamics of Exchange Rates under Perfect Myopic Foresight
     Scandinavian Journal of Economics, 1981, 83, (4), 522-40
130. The Analysis of Macroeconomic Policies in Perfect Foresight Equilibrium
     International Economic Review, 1981, 22, (1), 179-209 View citations
131. The asset market approach to exchange rate determination: Some short-run, stability, and steady-state properties
     Journal of Macroeconomics, 1981, 3, (1), 1-32 View citations
132. The effects of devaluation and foreign price disturbances under rational expectations
     Journal of International Economics, 1981, 11, (1), 33-60 View citations
133. <