Details about Costas Azariadis

Phone:	310-314-5639
Postal address:	Department of Economics, Washington University-St.Louis, St.Louis, MO 63130-4899
Workplace:	Department of Economics, Washington University in St. Louis, (more information at EDIRC) Research Division, Federal Reserve Bank of St. Louis, (more information at EDIRC)

Access statistics for papers by Costas Azariadis.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: paz5

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Working Papers

2020

1. On the Dynamics of Corruption
   Discussion Papers Series, Department of Economics, Tufts University, Department of Economics, Tufts University

2019

2. Incomplete Credit Markets and Monetary Policy
   Working Papers, University of Sydney, School of Economics View citations (16)
   Also in Working Papers, Federal Reserve Bank of St. Louis (2015) View citations (10)
   See also Journal Article Incomplete credit markets and monetary policy, Journal of Economic Dynamics and Control, Elsevier (2019) View citations (7) (2019)

2015

3. Self-Fulfilling Credit Cycles
   Working Papers, Federal Reserve Bank of St. Louis View citations (7)
   Also in CESifo Working Paper Series, CESifo (2015) View citations (10)
   Working Papers, Federal Reserve Bank of St. Louis (2012)
   2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (1)
   Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz (2012)
   Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz (2015) View citations (11)
   See also Journal Article Self-Fulfilling Credit Cycles, The Review of Economic Studies, Review of Economic Studies Ltd (2016) View citations (33) (2016)

2014

4. Debt Overhang and Monetary Policy
   2014 Meeting Papers, Society for Economic Dynamics View citations (1)
5. Thinking About Corruption in Greece
   Discussion Papers Series, Department of Economics, Tufts University, Department of Economics, Tufts University View citations (1)

2013

6. Credit policy in times of financial distress
   Special Conference Papers, Bank of Greece
   See also Journal Article Credit Policy in times of Financial Distress, Journal of Macroeconomics, Elsevier (2014) View citations (2) (2014)

2012

7. A Two-sector Model of Endogenous Growth with Leisure Externalities
   IEAS Working Paper : academic research, Institute of Economics, Academia Sinica, Taipei, Taiwan View citations (3)
   Also in Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (3)
   See also Journal Article A two-sector model of endogenous growth with leisure externalities, Journal of Economic Theory, Elsevier (2013) View citations (20) (2013)
8. Capital misallocation and aggregate factor productivity
   Working Papers, Federal Reserve Bank of St. Louis View citations (2)
   Also in MPRA Paper, University Library of Munich, Germany (2009) View citations (3)
   2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (2)
   Working Paper series, Rimini Centre for Economic Analysis (2010)
   Working Papers, Federal Reserve Bank of St. Louis (2009) View citations (5)
   See also Journal Article CAPITAL MISALLOCATION AND AGGREGATE FACTOR PRODUCTIVITY, Macroeconomic Dynamics, Cambridge University Press (2016) View citations (13) (2016)
9. Endogenous Credit Limits with Small Default Costs
   Working Paper Series of the Department of Economics, University of Konstanz, Department of Economics, University of Konstanz
   Also in Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (5)
   See also Journal Article Endogenous credit limits with small default costs, Journal of Economic Theory, Elsevier (2013) View citations (16) (2013)
10. Is Debt Overhang a Problem for Monetary Policy?
    2012 Meeting Papers, Society for Economic Dynamics
11. The optimal inflation target in an economy with limited enforcement
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2007) View citations (4)
    Speech, Federal Reserve Bank of St. Louis (2008) View citations (1)
    2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (1)
    Speech, Federal Reserve Bank of St. Louis (2008) View citations (1)
    See also Journal Article THE OPTIMAL INFLATION TARGET IN AN ECONOMY WITH LIMITED ENFORCEMENT, Macroeconomic Dynamics, Cambridge University Press (2016) View citations (9) (2016)

2007

12. Unemployment dynamics with international capital mobility
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (15)
    See also Journal Article Unemployment dynamics with international capital mobility, European Economic Review, Elsevier (2007) View citations (18) (2007)

2004

13. Endogenous Financial Development and Multiple Growth Regimes
    Economic Working Papers at Centro de Estudios Andaluces, Centro de Estudios Andaluces

2003

14. A Forward Projection of the Cross-Country Income Distribution
    KIER Working Papers, Kyoto University, Institute of Economic Research View citations (16)

2002

15. Growth or equality ? Losers and gainers from financial reform
    LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (3)
    Also in LIDAM Discussion Papers IRES, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2002) View citations (6)

2001

16. Trend-reverting fluctuations in the life-cycle model
    Working Papers, Federal Reserve Bank of St. Louis View citations (6)
    See also Journal Article Trend-reverting fluctuations in the life-cycle model, Journal of Economic Theory, Elsevier (2004) View citations (24) (2004)

2000

17. Private and public circulating liabilities
    Working Papers, Federal Reserve Bank of St. Louis View citations (4)
    See also Journal Article Private and Public Circulating Liabilities, Journal of Economic Theory, Elsevier (2001) View citations (33) (2001)

1998

18. Complex eigenvalues and trend-reverting fluctuations
    Staff Report, Federal Reserve Bank of Minneapolis View citations (8)

1997

19. Fiscal constitutions and the determinacy of intergenerational transfers
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía View citations (2)

1996

20. The Economics of Poverty Traps Part One: Complete Markets
    Working Papers, Centro de Investigacion Economica, ITAM View citations (178)
    See also Journal Article The Economics of Poverty Traps: Part One: Complete Markets, Journal of Economic Growth, Springer (1996) View citations (182) (1996)

1989

21. ADVERSE SELECTION IN THE OVERLAPPING GENERATIONS MODEL
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (1)

1987

22. HUMAN CAPITAL AND SELF-ENFORCING CONTRACTS
    Economic Research Papers, University of Warwick - Department of Economics

1983

23. Predetermined Prices and the Allocation of Social Risks
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (1)
    See also Journal Article Predetermined Prices and the Allocation of Social Risks, The Quarterly Journal of Economics, President and Fellows of Harvard College (1985) View citations (6) (1985)

Journal Articles

2023

1. On the macroeconomics of corruption
   Indian Economic Review, 2023, 58, (1), 105-147

2019

2. Celebrating Roger Farmer
   International Journal of Economic Theory, 2019, 15, (1), 9-12
3. Incomplete credit markets and monetary policy
   Journal of Economic Dynamics and Control, 2019, 103, (C), 83-101 View citations (7)
   See also Working Paper Incomplete Credit Markets and Monetary Policy, Working Papers (2019) View citations (16) (2019)

2018

4. Credit Cycles and Business Cycles
   Review, 2018, 100, (1) View citations (3)
5. Riddles and Models: A Review Essay on Michel De Vroey's A History of Macroeconomics from Keynes to Lucas and Beyond
   Journal of Economic Literature, 2018, 56, (4), 1538-76 View citations (5)

2016

6. A Taylor Rule for Public Debt
   Review, 2016, 98, (3), 227-38 View citations (4)
7. CAPITAL MISALLOCATION AND AGGREGATE FACTOR PRODUCTIVITY
   Macroeconomic Dynamics, 2016, 20, (2), 525-543 View citations (13)
   See also Working Paper Capital misallocation and aggregate factor productivity, Working Papers (2012) View citations (2) (2012)
8. Self-Fulfilling Credit Cycles
   The Review of Economic Studies, 2016, 83, (4), 1364-1405 View citations (33)
   See also Working Paper Self-Fulfilling Credit Cycles, Working Papers (2015) View citations (7) (2015)
9. THE OPTIMAL INFLATION TARGET IN AN ECONOMY WITH LIMITED ENFORCEMENT
   Macroeconomic Dynamics, 2016, 20, (2), 582-600 View citations (9)
   See also Working Paper The optimal inflation target in an economy with limited enforcement, Working Papers (2012) View citations (1) (2012)

2015

10. Property Rights, Governance, and Economic Development
    Review of Development Economics, 2015, 19, (2), 210-220 View citations (11)

2014

11. Credit Policy in times of Financial Distress
    Journal of Macroeconomics, 2014, 39, (PB), 337-345 View citations (2)
    See also Working Paper Credit policy in times of financial distress, Special Conference Papers (2013) (2013)

2013

12. A two-sector model of endogenous growth with leisure externalities
    Journal of Economic Theory, 2013, 148, (2), 843-857 View citations (20)
    See also Working Paper A Two-sector Model of Endogenous Growth with Leisure Externalities, IEAS Working Paper : academic research (2012) View citations (3) (2012)
13. Credit crunches as markov equilibria
    Journal of Macroeconomics, 2013, 38, (PA), 2-11
14. Endogenous credit limits with small default costs
    Journal of Economic Theory, 2013, 148, (2), 806-824 View citations (16)
    See also Working Paper Endogenous Credit Limits with Small Default Costs, Working Paper Series of the Department of Economics, University of Konstanz (2012) (2012)

2008

15. CREDIT AND GROWTH UNDER LIMITED COMMITMENT
    Macroeconomic Dynamics, 2008, 12, (S1), 20-30 View citations (3)

2007

16. Asset price fluctuations without aggregate shocks
    Journal of Economic Theory, 2007, 136, (1), 126-143 View citations (20)
17. Is dynamic general equilibrium a theory of everything?
    Economic Theory, 2007, 32, (1), 13-41 View citations (10)
18. Monetary policy as equilibrium selection
    Review, 2007, 89, (Jul), 331-342 View citations (17)
19. Unemployment dynamics with international capital mobility
    European Economic Review, 2007, 51, (1), 27-48 View citations (18)
    See also Working Paper Unemployment dynamics with international capital mobility, LSE Research Online Documents on Economics (2007) View citations (15) (2007)

2004

20. Trend-reverting fluctuations in the life-cycle model
    Journal of Economic Theory, 2004, 119, (2), 334-356 View citations (24)
    See also Working Paper Trend-reverting fluctuations in the life-cycle model, Working Papers (2001) View citations (6) (2001)

2003

21. Endogenous Debt Constraints in Lifecycle Economies
    The Review of Economic Studies, 2003, 70, (3), 461-487 View citations (28)

2002

22. Do Rich Countries Choose Better Governments?
    The B.E. Journal of Macroeconomics, 2002, 2, (1), 1-39 View citations (10)
23. Excess Asset Returns with Limited Enforcement
    American Economic Review, 2002, 92, (2), 135-140 View citations (2)
24. Fiscal Constitutions
    Journal of Economic Theory, 2002, 103, (2), 255-281 View citations (46)

2001

25. Private and Public Circulating Liabilities
    Journal of Economic Theory, 2001, 99, (1-2), 59-116 View citations (33)
    See also Working Paper Private and public circulating liabilities, Working Papers (2000) View citations (4) (2000)

2000

26. Reply to Kolmar's Comment
    Constitutional Political Economy, 2000, 11, (4), 375-375

1999

27. Adverse selection in a neoclassical growth model
    The North American Journal of Economics and Finance, 1999, 10, (2), 339-361 View citations (3)
28. Agency Costs in Dynamic Economic Models
    Economic Journal, 1999, 109, (455), 222-41 View citations (21)
29. Comment on Private Money Creation and the Suffolk Banking System
    Journal of Money, Credit and Banking, 1999, 31, (3), 660-62

1998

30. Asset price volatility in a nonconvex general equilibrium model
    Economic Theory, 1998, 12, (3), 649-665 View citations (10)
31. Constitutional “Rules” and Intergenerational Fiscal Policy
    Constitutional Political Economy, 1998, 9, (1), 67-74 View citations (4)
32. Financial Intermediation and Regime Switching in Business Cycles
    American Economic Review, 1998, 88, (3), 516-36 View citations (160)

1996

33. Discretion, rules and volatility
    Review, 1996, 78, (May), 65-74 View citations (8)
    Also in Proceedings, 1996, 78, (May), 65-74 (1996)
34. Increasing returns and crowding out
    Journal of Economic Dynamics and Control, 1996, 20, (5), 847-877 View citations (20)
35. Private Information, Money, and Growth: Indeterminacy, Fluctuations, and the Mundell-Tobin Effect
    Journal of Economic Growth, 1996, 1, (3), 309-32 View citations (84)
36. The Economics of Poverty Traps: Part One: Complete Markets
    Journal of Economic Growth, 1996, 1, (4), 449-96 View citations (182)
    See also Working Paper The Economics of Poverty Traps Part One: Complete Markets, Working Papers (1996) View citations (178) (1996)

1993

37. Adverse Selection in the Overlapping Generations Model: The Case of Pure Exchange
    Journal of Economic Theory, 1993, 60, (2), 277-305 View citations (52)

1990

38. Threshold Externalities in Economic Development
    The Quarterly Journal of Economics, 1990, 105, (2), 501-526 View citations (1118)

1989

39. Rational expectations equilibria with Keynesian properties
    Finnish Economic Papers, 1989, 2, (2), 99-105

1988

40. Informational Theories of Employment
    American Economic Review, 1988, 78, (2), 104-09

1987

41. Les marchés imparfaits dans la théorie macroéconomique
    L'Actualité Economique, 1987, 63, (4), 311-330

1986

42. Sunspots and Cycles
    The Review of Economic Studies, 1986, 53, (5), 725-737 View citations (151)

1985

43. Nominal Wage-Price Rigidity as a Rational Expectations Equilibrium
    American Economic Review, 1985, 75, (2), 31-35 View citations (5)
44. Predetermined Prices and the Allocation of Social Risks
    The Quarterly Journal of Economics, 1985, 100, (2), 495-518 View citations (6)
    See also Working Paper Predetermined Prices and the Allocation of Social Risks, Cowles Foundation Discussion Papers (1983) View citations (1) (1983)

1982

45. Prophéties créatrices et persistance des théories
    Revue Économique, 1982, 33, (5), 787-806 View citations (10)

1981

46. A Reexamination of Natural Rate Theory
    American Economic Review, 1981, 71, (5), 946-60 View citations (15)
47. Self-fulfilling prophecies
    Journal of Economic Theory, 1981, 25, (3), 380-396 View citations (314)

1978

48. Escalator clauses and the allocation of cyclical risks
    Journal of Economic Theory, 1978, 18, (1), 119-155 View citations (25)

1977

49. R.J. Gordon on unemployment theory
    Journal of Monetary Economics, 1977, 3, (2), 253-255

1976

50. On the Incidence of Unemployment
    The Review of Economic Studies, 1976, 43, (1), 115-125 View citations (19)

1975

51. Implicit Contracts and Underemployment Equilibria
    Journal of Political Economy, 1975, 83, (6), 1183-1202 View citations (500)

Chapters

2009

1. Efficient Fiscal Policy Restrictions in a Monetary Union
   Springer

2005

2. Poverty Traps
   Chapter 05 in Handbook of Economic Growth, 2005, vol. 1, Part A View citations (101)

2002

3. Beliefs and the Neutrality of Money
   Chapter 6 in Essays in Economic Theory, Growth and Labor Markets, 2002, pp 113-125