Details about Jess Benhabib

Homepage:	http://www.econ.nyu.edu/user/benhabib/
Phone:	212-998-8971
Postal address:	269 Mercer Street, 7th Floor Department of Economics New York University New York, NY 10003 USA
Workplace:	Department of Economics, New York University (NYU), (more information at EDIRC)

Access statistics for papers by Jess Benhabib.

Last updated 2024-04-23. Update your information in the RePEc Author Service.

Short-id: pbe53

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Working Papers

2024

1. Aggregate Demand Externality and Self-Fulfilling Default Cycles
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
2. Global Indeterminacy in HANK Economies
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)

2021

3. Capital Return Jumps and Wealth Distribution
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
4. The Anatomy of Sentiment-Driven Fluctuations
   Staff Working Papers, Bank of Canada View citations (13)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (20)
   2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (16)
   See also Journal Article The anatomy of sentiment-driven fluctuations, Journal of Economic Theory, Elsevier (2021) View citations (10) (2021)

2020

5. Innovation and imitation
   Papers, arXiv.org View citations (1)
6. Self-Fulfilling Risk Panics: An Expected Utility Framework
   NBER Working Papers, National Bureau of Economic Research, Inc

2019

7. Optimal Positive Capital Taxes at Interior Steady States
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
   See also Journal Article Optimal Positive Capital Taxes at Interior Steady States, American Economic Journal: Macroeconomics, American Economic Association (2021) View citations (3) (2021)

2018

8. Financial Markets, the Real Economy, and Self-fulfilling Uncertainties
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Financial Markets, the Real Economy, and Self‐Fulfilling Uncertainties, Journal of Finance, American Finance Association (2019) View citations (14) (2019)

2017

9. Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (61)
   See also Journal Article Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier, Econometrica, Econometric Society (2021) View citations (18) (2021)
10. Sentiments and Economic Activity: Evidence from U.S. States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2016)
    See also Journal Article Sentiments and Economic Activity: Evidence from US States, The Economic Journal, Royal Economic Society (2019) View citations (59) (2019)

2016

11. Adverse Selection and Self-fulfilling Business Cycles
    2016 Meeting Papers, Society for Economic Dynamics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (9)
    See also Journal Article Adverse selection and self-fulfilling business cycles, Journal of Monetary Economics, Elsevier (2018) View citations (14) (2018)
12. Skewed Wealth Distributions: Theory and Empirics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
    See also Journal Article Skewed Wealth Distributions: Theory and Empirics, Journal of Economic Literature, American Economic Association (2018) View citations (142) (2018)

2015

13. Sentiments, Financial Markets, and Macroeconomic Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Sentiments, financial markets, and macroeconomic fluctuations, Journal of Financial Economics, Elsevier (2016) View citations (46) (2016)
14. Wealth Distribution and Social Mobility in the US: A Quantitative Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    See also Journal Article Wealth Distribution and Social Mobility in the US: A Quantitative Approach, American Economic Review, American Economic Association (2019) View citations (87) (2019)
15. Wealth Inequality and Social Mobility
    2015 Meeting Papers, Society for Economic Dynamics View citations (2)

2014

16. Modernization and Discrete Measures of Democracy
    Working Paper Series, Federal Reserve Bank of San Francisco
17. Private Information and Sunspots in Sequential Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Private information and sunspots in sequential asset markets, Journal of Economic Theory, Elsevier (2015) View citations (10) (2015)
18. The Growth Dynamics of Innovation, Diffusion, and the Technology Frontier
    2014 Meeting Papers, Society for Economic Dynamics View citations (16)
19. The Wealth Distribution in Bewley Models with Investment Risk
    2014 Meeting Papers, Society for Economic Dynamics View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (6)

2013

20. Uncertainty and Sentiment-Driven Equilibria
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2013) View citations (9)
    See also Chapter Uncertainty and Sentiment-Driven Equilibria, Studies in Economic Theory, Springer (2017) View citations (2) (2017)

2012

21. Catch-up and Fall-back through Innovation and Imitation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Catch-up and fall-back through innovation and imitation, Journal of Economic Growth, Springer (2014) View citations (55) (2014)
22. Financial Constraints, Endogenous Markups, and Self-fulfilling Equilibria
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Financial constraints, endogenous markups, and self-fulfilling equilibria, Journal of Monetary Economics, Elsevier (2013) View citations (43) (2013)
23. Liquidity Traps and Expectation Dynamics: Fiscal Stimulus or Fiscal Austerity?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Bank of Finland Research Discussion Papers, Bank of Finland (2012)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (3)
    See also Journal Article Liquidity traps and expectation dynamics: Fiscal stimulus or fiscal austerity?, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (54) (2014)
24. Sentiments and Aggregate Demand Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (7)
    See also Journal Article Sentiments and Aggregate Demand Fluctuations, Econometrica, Econometric Society (2015) View citations (113) (2015)

2011

25. Learning, Large Deviations and Rare Events
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Learning, Large Deviations and Rare Events, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) View citations (19) (2014)
26. Reestablishing the Income-Democracy Nexus
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (33)

2009

27. A Note on Regime Switching, Monetary Policy, and Multiple Equilibria
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
28. The distribution of wealth and fiscal policy in economies with finitely lived agents
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article The Distribution of Wealth and Fiscal Policy in Economies With Finitely Lived Agents, Econometrica, Econometric Society (2011) View citations (304) (2011)

2008

29. Age, Luck, and Inheritance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)

2007

30. Optimal Migration: A World Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article OPTIMAL MIGRATION: A WORLD PERSPECTIVE, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2012) View citations (39) (2012)

2006

31. Moderate inflation and the deflation-depression link
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
    See also Journal Article Moderate Inflation and the Deflation-Depression Link, Journal of Money, Credit and Banking, Blackwell Publishing (2009) View citations (22) (2009)
32. Redistribution, Taxes, and the Median Voter
    2006 Meeting Papers, Society for Economic Dynamics View citations (51)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2006) View citations (49)
    See also Journal Article Redistribution, Taxes and the Median Voter, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2006) View citations (51) (2006)
33. The distribution of wealth and redistributive policies
    2006 Meeting Papers, Society for Economic Dynamics View citations (18)
    Also in Levine's Working Paper Archive, David K. Levine (2006) View citations (18)

2005

34. The Design of Monetary and Fiscal Policy: A Global Perspective
    2005 Meeting Papers, Society for Economic Dynamics View citations (74)
    Also in Computing in Economics and Finance 2005, Society for Computational Economics (2005) View citations (78)
    See also Journal Article The design of monetary and fiscal policy: A global perspective, Journal of Economic Theory, Elsevier (2005) View citations (73) (2005)

2004

35. Chaotic Interest Rate Rules: Expanded Version
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
36. Is Discounting Hyperbolic? Experimental Evidence
    2004 Meeting Papers, Society for Economic Dynamics
37. The Political Economy of Redistribution under Democracy
    2004 Meeting Papers, Society for Economic Dynamics View citations (1)
    See also Journal Article The political economy of redistribution under democracy, Economic Theory, Springer (2006) View citations (40) (2006)

2003

38. Backward-Looking Interest Rate Rules, Interest Rate Smoothing and Macroeconomic Instability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (55)
    Also in Departmental Working Papers, Rutgers University, Department of Economics (2003) View citations (62)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (56)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2003) View citations (58)
    Working Papers, Federal Reserve Bank of Philadelphia (2003) View citations (37)
    See also Journal Article Backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability, Proceedings, Federal Reserve Bank of Cleveland (2003) View citations (47) (2003)

2002

39. Human capital and technology diffusion
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)
    See also Journal Article Human capital and technology diffusion, Proceedings, Federal Reserve Bank of San Francisco (2002) View citations (47) (2002)
    Chapter Human Capital and Technology Diffusion, Handbook of Economic Growth, Elsevier (2005) View citations (368) (2005)

2001

40. Avoiding Liquidity Traps
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
    Also in Departmental Working Papers, Rutgers University, Department of Economics (2000) View citations (8)
    See also Journal Article Avoiding Liquidity Traps, Journal of Political Economy, University of Chicago Press (2002) View citations (272) (2002)
41. Chaotic Interest Rate Rules
    Departmental Working Papers, Rutgers University, Department of Economics View citations (7)
    Also in Computing in Economics and Finance 2001, Society for Computational Economics (2001) View citations (15)
    See also Journal Article Chaotic Interest-Rate Rules, American Economic Review, American Economic Association (2002) View citations (43) (2002)
42. Indeterminacy, Aggregate Demand, and the Real Business Cycle
    Working Papers, Cornell University, Center for Analytic Economics
    See also Journal Article Indeterminacy, aggregate demand, and the real business cycle, Journal of Monetary Economics, Elsevier (2004) View citations (79) (2004)

1999

43. Indeterminacy and Cycles in Two-Sector Discrete-Time Models
    G.R.E.Q.A.M., Universite Aix-Marseille III View citations (7)
    See also Journal Article Indeterminacy and cycles in two-sector discrete-time model, Economic Theory, Springer (2002) View citations (15) (2002)
44. Monetary Policy and Multiple Equilibria
    Departmental Working Papers, Rutgers University, Department of Economics View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (5)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1998) View citations (22)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (17)
    See also Journal Article Monetary Policy and Multiple Equilibria, American Economic Review, American Economic Association (2001) View citations (344) (2001)
45. The Monetary Transmission Mechanism
    Economics Working Papers, European University Institute View citations (2)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1996) View citations (4)
    Levine's Working Paper Archive, David K. Levine (1998) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (2)
    See also Journal Article The Monetary Transmission Mechanism, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2000) View citations (46) (2000)
46. The Perils of Taylor Rules
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (51)
    Also in Departmental Working Papers, Rutgers University, Department of Economics (1998) View citations (14)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1998) View citations (9)
    See also Journal Article The Perils of Taylor Rules, Journal of Economic Theory, Elsevier (2001) View citations (583) (2001)

1997

47. Cross-Country Growth Regressions
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (31)
48. Growth and investment across countries
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (5)
49. Persistence of Business Cycles in Multisector RBC Models
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (14)

1996

50. Indeterminacy and Sector-Specific Externalities
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (221)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (228)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1995) View citations (14)
    See also Journal Article Indeterminacy and sector-specific externalities, Journal of Monetary Economics, Elsevier (1996) View citations (228) (1996)
51. Indeterminancy and Sunspots with Constant Returns
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (3)
    See also Journal Article Indeterminacy and Sunspots with Constant Returns, Journal of Economic Theory, Elsevier (1998) View citations (180) (1998)
    Chapter Indeterminacy and Sunspots with Constant Returns, Springer Books, Springer (2012) (2012)
52. Optimal Taxes Without Commitment
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (9)
    See also Journal Article Optimal Taxes without Commitment, Journal of Economic Theory, Elsevier (1997) View citations (70) (1997)
53. Public Capital and Optimal Taxes Without Commitment
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (7)

1995

54. On Growth and Indeterminacy: Some Theory and Evidence
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (20)
    See also Journal Article On growth and indeterminacy: some theory and evidence, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1995) View citations (23) (1995)
55. On the economics of fiscal populism in an open economy
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1994) View citations (1)

1994

56. Monopolistic competition, indeterminacy and growth
    MPRA Paper, University Library of Munich, Germany View citations (39)

1993

57. Follow the Leader: On Growth and Diffusion
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (2)
58. Uniqueness and Indeterminacy: Transitional Dynamics in a Model of Endogenous Growth
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (3)

1992

59. A Note on the Political Economy in Immigration
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (2)
60. Indeterminacy and Increasing Returns
    UCLA Economics Working Papers, UCLA Department of Economics View citations (10)
    Also in Working Papers, Cambridge - Risk, Information & Quantity Signals (1991) View citations (5)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1991) View citations (21)
    See also Journal Article Indeterminacy and Increasing Returns, Journal of Economic Theory, Elsevier (1994) View citations (759) (1994)
61. The Role of Human Capital and Political Instability in Economic Development
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (24)
62. The Role of Human Capital in economic Development: Evidence form Aggregate Cross-Country Regional U.S. Data
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (10)

1991

63. Growth Accounting with Physical and Human Capital Accumulation
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (6)
64. Homework in macroeconomics: household production and aggregate fluctuations
    Staff Report, Federal Reserve Bank of Minneapolis View citations (594)
    See also Journal Article Homework in Macroeconomics: Household Production and Aggregate Fluctuations, Journal of Political Economy, University of Chicago Press (1991) View citations (633) (1991)
65. Social Conflict
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (8)
66. Social Conflict, Growth and Income Distribution
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (14)
67. Social Conflict, Growth and Inequality
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (4)
68. The Aggregate Effects of Monetary Externalities
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (4)
    Also in Working Papers, Cambridge - Risk, Information & Quantity Signals (1991) View citations (4)
    UCLA Economics Working Papers, UCLA Department of Economics (1991) View citations (5)

1990

69. A NEW CLASS OF SOLUTIONS TO DYNAMIC PROGRAMMING PROBLEMS ARISING IN GROWTH THEORY AND APPLICATIONS TO DYNAMIC GAMES
    Working Papers, C.V. Starr Center for Applied Economics, New York University
70. ENDOGENOUS FERTILITY AND GROWTH
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    Also in Working Papers, Australian National University - Department of Economics (1990)
71. HOMEWORK IN MACROECONOMICS I: BASIC THEORY
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (11)
72. HOMEWORK IN MACROECONOMICS II: AGGREGATE FLUCTUATIONS
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (8)
73. Homework in Macoreconomics I: Basic Theory (Part I of II)
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
74. VINTAGE CAPITAL, INVESTMENT AND GROWTH
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (1990) View citations (1)
    See also Journal Article Vintage capital, investment, and growth, Journal of Economic Theory, Elsevier (1991) View citations (160) (1991)

1989

75. A VINTAGE CAPITAL MODEL OF INVESTMENT AND GROWTH: THEORY AND EVIDENCE
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)
76. EQUILIBRIUM CYCLING WITH SMALL DISCOUNTING: A NOTE
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)
77. Externalities and Growth Accounting
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Externalities and Growth Accounting, American Economic Review, American Economic Association (1991) View citations (76) (1991)
78. GROWTH ACCOUNTING AND EXTERNALITIES
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (3)

1988

79. ENDOGENOUS FLUCTUATIONS IN THE BARRO-BECKER THEORY OF FERTILITY
    Working Papers, C.V. Starr Center for Applied Economics, New York University
80. JOINT EXPLOITATION OF A PRODUCTIVE ASSET: A GAME-THEORETIC APPROACH
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (3)
    See also Journal Article The Joint Exploitation of a Productive Asset: A Game-Theoretic Approach, Economic Theory, Springer (1992) View citations (88) (1992)

1987

81. Bargaining and the Evolution of Cooperation in a Dynamic Game
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)
    See also Journal Article Bargaining and the evolution of cooperation in a dynamic game, Economics Letters, Elsevier (1987) View citations (2) (1987)
82. Chaos: Significance, Mechanism, and Economic Applications
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (2)
    See also Journal Article Chaos: Significance, Mechanism, and Economic Applications, Journal of Economic Perspectives, American Economic Association (1989) View citations (94) (1989)
83. Global Equilibrium Dynamics with Stationary Recursive Preferences
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (5)
    See also Journal Article Global equilibrium dynamics with stationary recursive preferences, Journal of Economic Behavior & Organization, Elsevier (1987) View citations (3) (1987)
84. Stochastic Equilibrium Oscillations
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article Stochastic Equilibrium Oscillations, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1989) View citations (17) (1989)

1986

85. On Competitive Cycles in Productive Economies
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)
    See also Journal Article On competitive cycles in productive economies, Journal of Economic Theory, Elsevier (1988) View citations (48) (1988)
86. The Dynamics of Efficient Intertemporal Allocations With Many Agents, Recursive Preferences and Production
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)
    See also Journal Article The dynamics of efficient intertemporal allocations with many agents, recursive preferences, and production, Journal of Economic Theory, Elsevier (1988) View citations (8) (1988)

1984

87. Stochastic Equilibrium Cycles
    Working Papers, C.V. Starr Center for Applied Economics, New York University

1983

88. Competitive Equilibrium Cycles
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Chapter Competitive Equilibrium Cycles, Springer Books, Springer (2012) (2012)
89. Sufficient Conditions for the Existence of Periodic Cycles in Discrete-Time Intertemporal Optimization Models and Applications to Optimal Growth and the Adjustment-Cost Theory of Investment
    Working Papers, C.V. Starr Center for Applied Economics, New York University

1982

90. Arbitrage, Hedging and Equilibrium in Futures Markets
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1981)

1981

91. Job Search: The Choice of Intensity
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article Job Search: The Choice of Intensity, Journal of Political Economy, University of Chicago Press (1983) View citations (39) (1983)
92. The Optimal Quantity of Money: A Formal Treatment
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article The Optimal Quantity of Money: A Formal Treatment, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1983) View citations (7) (1983)

Journal Articles

2022

1. Heterogeneous Dynasties and Long-Run Mobility
   The Economic Journal, 2022, 132, (643), 906-925

2021

2. Optimal Positive Capital Taxes at Interior Steady States
   American Economic Journal: Macroeconomics, 2021, 13, (1), 114-50 View citations (3)
   See also Working Paper Optimal Positive Capital Taxes at Interior Steady States, NBER Working Papers (2019) View citations (14) (2019)
3. Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier
   Econometrica, 2021, 89, (5), 2261-2301 View citations (18)
   See also Working Paper Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier, NBER Working Papers (2017) View citations (61) (2017)
4. Revenue diversion, the allocation of talent, and income distribution
   Mathematical Social Sciences, 2021, 112, (C), 138-144 View citations (3)
5. The anatomy of sentiment-driven fluctuations
   Journal of Economic Theory, 2021, 195, (C) View citations (10)
   See also Working Paper The Anatomy of Sentiment-Driven Fluctuations, Staff Working Papers (2021) View citations (13) (2021)

2019

6. A vintage model with endogenous growth and human capital
   International Journal of Economic Theory, 2019, 15, (1), 27-35 View citations (2)
7. Financial Markets, the Real Economy, and Self‐Fulfilling Uncertainties
   Journal of Finance, 2019, 74, (3), 1503-1557 View citations (14)
   See also Working Paper Financial Markets, the Real Economy, and Self-fulfilling Uncertainties, NBER Working Papers (2018) (2018)
8. Introduction
   International Journal of Economic Theory, 2019, 15, (1), 3-8
9. Sentiments and Economic Activity: Evidence from US States
   The Economic Journal, 2019, 129, (618), 715-733 View citations (59)
   See also Working Paper Sentiments and Economic Activity: Evidence from U.S. States, NBER Working Papers (2017) View citations (7) (2017)
10. Wealth Distribution and Social Mobility in the US: A Quantitative Approach
    American Economic Review, 2019, 109, (5), 1623-47 View citations (87)
    See also Working Paper Wealth Distribution and Social Mobility in the US: A Quantitative Approach, NBER Working Papers (2015) View citations (27) (2015)

2018

11. Adverse selection and self-fulfilling business cycles
    Journal of Monetary Economics, 2018, 94, (C), 114-130 View citations (14)
    See also Working Paper Adverse Selection and Self-fulfilling Business Cycles, 2016 Meeting Papers (2016) (2016)
12. How Persistent Are the Effects of Sentiment Shocks?
    FRBSF Economic Letter, 2018
13. Skewed Wealth Distributions: Theory and Empirics
    Journal of Economic Literature, 2018, 56, (4), 1261-91 View citations (142)
    See also Working Paper Skewed Wealth Distributions: Theory and Empirics, NBER Working Papers (2016) View citations (49) (2016)

2017

14. Earnings Inequality and Other Determinants of Wealth Inequality
    American Economic Review, 2017, 107, (5), 593-97 View citations (84)

2016

15. Chaotic banking crises and regulations
    Economic Theory, 2016, 61, (2), 393-422 View citations (10)
    Also in Economic Theory, 2016, 61, (2), 393-422 (2016) View citations (10)
16. Endogenous information acquisition and countercyclical uncertainty
    Journal of Economic Theory, 2016, 165, (C), 601-642 View citations (11)
17. Sentiments, financial markets, and macroeconomic fluctuations
    Journal of Financial Economics, 2016, 120, (2), 420-443 View citations (46)
    See also Working Paper Sentiments, Financial Markets, and Macroeconomic Fluctuations, NBER Working Papers (2015) View citations (1) (2015)
18. THE DISTRIBUTION OF WEALTH IN THE BLANCHARD–YAARI MODEL
    Macroeconomic Dynamics, 2016, 20, (2), 466-481 View citations (31)

2015

19. Private information and sunspots in sequential asset markets
    Journal of Economic Theory, 2015, 158, (PB), 558-584 View citations (10)
    See also Working Paper Private Information and Sunspots in Sequential Asset Markets, NBER Working Papers (2014) View citations (1) (2014)
20. Sentiments and Aggregate Demand Fluctuations
    Econometrica, 2015, 83, 549-585 View citations (113)
    See also Working Paper Sentiments and Aggregate Demand Fluctuations, NBER Working Papers (2012) View citations (19) (2012)
21. The wealth distribution in Bewley economies with capital income risk
    Journal of Economic Theory, 2015, 159, (PA), 489-515 View citations (62)

2014

22. Catch-up and fall-back through innovation and imitation
    Journal of Economic Growth, 2014, 19, (1), 1-35 View citations (55)
    See also Working Paper Catch-up and Fall-back through Innovation and Imitation, NBER Working Papers (2012) View citations (11) (2012)
23. Learning, Large Deviations and Rare Events
    Review of Economic Dynamics, 2014, 17, (3), 367-382 View citations (19)
    See also Software Item Code and data files for "Learning, Large Deviations and Rare Events", Computer Codes (2013) (2013)
    Working Paper Learning, Large Deviations and Rare Events, NBER Working Papers (2011) View citations (2) (2011)
24. Liquidity traps and expectation dynamics: Fiscal stimulus or fiscal austerity?
    Journal of Economic Dynamics and Control, 2014, 45, (C), 220-238 View citations (54)
    See also Working Paper Liquidity Traps and Expectation Dynamics: Fiscal Stimulus or Fiscal Austerity?, NBER Working Papers (2012) View citations (3) (2012)
25. Multiple equilibria in the Aghion–Howitt model
    Research in Economics, 2014, 68, (2), 112-116 View citations (6)

2013

26. Financial constraints, endogenous markups, and self-fulfilling equilibria
    Journal of Monetary Economics, 2013, 60, (7), 789-805 View citations (43)
    See also Working Paper Financial Constraints, Endogenous Markups, and Self-fulfilling Equilibria, NBER Working Papers (2012) (2012)
27. Income and democracy: Evidence from nonlinear estimations
    Economics Letters, 2013, 118, (3), 489-492 View citations (29)

2012

28. OPTIMAL MIGRATION: A WORLD PERSPECTIVE
    International Economic Review, 2012, 53, (2), 321-348 View citations (39)
    See also Working Paper Optimal Migration: A World Perspective, NBER Working Papers (2007) View citations (13) (2007)

2011

29. The Distribution of Wealth and Fiscal Policy in Economies With Finitely Lived Agents
    Econometrica, 2011, 79, (1), 123-157 View citations (304)
    See also Working Paper The distribution of wealth and fiscal policy in economies with finitely lived agents, NBER Working Papers (2009) View citations (5) (2009)

2010

30. Economic growth under political accountability
    International Journal of Economic Theory, 2010, 6, (1), 77-95 View citations (2)
31. Present-bias, quasi-hyperbolic discounting, and fixed costs
    Games and Economic Behavior, 2010, 69, (2), 205-223 View citations (173)

2009

32. Moderate Inflation and the Deflation-Depression Link
    Journal of Money, Credit and Banking, 2009, 41, (4), 787-798 View citations (22)
    Also in Journal of Money, Credit and Banking, 2009, 41, (4), 787-798 (2009) View citations (14)
    See also Working Paper Moderate inflation and the deflation-depression link, Working Paper Series (2006) View citations (3) (2006)

2008

33. Bifurcation and sunspots in the continuous time equilibrium model with capacity utilization
    International Journal of Economic Theory, 2008, 4, (2), 337-355 View citations (22)

2006

34. Persistence of business cycles in multisector real business cycle models
    International Journal of Economic Theory, 2006, 2, (3‐4), 181-197 View citations (12)
35. Redistribution, Taxes and the Median Voter
    Review of Economic Dynamics, 2006, 9, (2), 211-223 View citations (51)
    See also Working Paper Redistribution, Taxes, and the Median Voter, 2006 Meeting Papers (2006) View citations (51) (2006)
36. The political economy of redistribution under democracy
    Economic Theory, 2006, 29, (2), 271-290 View citations (40)
    See also Working Paper The Political Economy of Redistribution under Democracy, 2004 Meeting Papers (2004) View citations (1) (2004)

2005

37. Introduction to monetary policy and capital accumulation
    Journal of Economic Theory, 2005, 123, (1), 1-3 View citations (5)
38. Modeling internal commitment mechanisms and self-control: A neuroeconomics approach to consumption-saving decisions
    Games and Economic Behavior, 2005, 52, (2), 460-492 View citations (149)
39. The design of monetary and fiscal policy: A global perspective
    Journal of Economic Theory, 2005, 123, (1), 40-73 View citations (73)
    Also in Proceedings, 2005 (2005) View citations (71)
    See also Working Paper The Design of Monetary and Fiscal Policy: A Global Perspective, 2005 Meeting Papers (2005) View citations (74) (2005)

2004

40. Indeterminacy, aggregate demand, and the real business cycle
    Journal of Monetary Economics, 2004, 51, (3), 503-530 View citations (79)
    See also Working Paper Indeterminacy, Aggregate Demand, and the Real Business Cycle, Working Papers (2001) (2001)
41. Interest Rate Policy in Continuous Time with Discrete Delays
    Journal of Money, Credit and Banking, 2004, 36, (1), 1-15 View citations (23)

2003

42. Backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability
    Proceedings, 2003, 1379-1423 View citations (47)
    See also Working Paper Backward-Looking Interest Rate Rules, Interest Rate Smoothing and Macroeconomic Instability, CEPR Discussion Papers (2003) View citations (55) (2003)
43. The Tradeoff Between Inequality and Growth
    Annals of Economics and Finance, 2003, 4, (2), 491-507 View citations (21)

2002

44. Avoiding Liquidity Traps
    Journal of Political Economy, 2002, 110, (3), 535-563 View citations (272)
    See also Working Paper Avoiding Liquidity Traps, CEPR Discussion Papers (2001) View citations (23) (2001)
45. Chaotic Interest-Rate Rules
    American Economic Review, 2002, 92, (2), 72-78 View citations (43)
    See also Working Paper Chaotic Interest Rate Rules, Departmental Working Papers (2001) View citations (7) (2001)
46. Human capital and technology diffusion
    Proceedings, 2002, (Nov) View citations (47)
    See also Chapter Human Capital and Technology Diffusion, Handbook of Economic Growth, 2005, 1, Part A, 935-966 (2005) View citations (368) (2005)
    Working Paper Human capital and technology diffusion, Working Paper Series (2002) View citations (5) (2002)
47. Indeterminacy and cycles in two-sector discrete-time model
    Economic Theory, 2002, 20, (2), 217-235 View citations (15)
    See also Working Paper Indeterminacy and Cycles in Two-Sector Discrete-Time Models, G.R.E.Q.A.M. (1999) View citations (7) (1999)
48. Public spending and optimal taxes without commitment
    Review of Economic Design, 2001, 6, (3), 371-396 View citations (4)

2001

49. Monetary Policy and Multiple Equilibria
    American Economic Review, 2001, 91, (1), 167-186 View citations (344)
    See also Working Paper Monetary Policy and Multiple Equilibria, Departmental Working Papers (1999) View citations (5) (1999)
50. The Perils of Taylor Rules
    Journal of Economic Theory, 2001, 96, (1-2), 40-69 View citations (583)
    See also Working Paper The Perils of Taylor Rules, CEPR Discussion Papers (1999) View citations (51) (1999)

2000

51. Indeterminacy under Constant Returns to Scale in Multisector Economies
    Econometrica, 2000, 68, (6), 1541-1548 View citations (116)
    See also Chapter Indeterminacy Under Constant Returns to Scale in Multisector Economies, Springer Books, 2012, 403-412 (2012) (2012)
52. The Monetary Transmission Mechanism
    Review of Economic Dynamics, 2000, 3, (3), 523-550 View citations (46)
    See also Working Paper The Monetary Transmission Mechanism, Economics Working Papers (1999) View citations (2) (1999)
53. The Role of Financial Development in Growth and Investment
    Journal of Economic Growth, 2000, 5, (4), 341-60 View citations (210)

1999

54. Indeterminacy Arising in Multi-sector Economies
    The Japanese Economic Review, 1999, 50, (4), 485-506 View citations (4)

1998

55. Indeterminacy and Sunspots with Constant Returns
    Journal of Economic Theory, 1998, 81, (1), 58-96 View citations (180)
    See also Chapter Indeterminacy and Sunspots with Constant Returns, Springer Books, 2012, 311-346 (2012) (2012)
    Working Paper Indeterminancy and Sunspots with Constant Returns, Working Papers (1996) View citations (3) (1996)
56. Introduction to Sunspots in Macroeconomics
    Journal of Economic Theory, 1998, 81, (1), 1-6 View citations (9)

1997

57. Optimal Taxes without Commitment
    Journal of Economic Theory, 1997, 77, (2), 231-259 View citations (70)
    See also Working Paper Optimal Taxes Without Commitment, Working Papers (1996) View citations (9) (1996)

1996

58. Indeterminacy and sector-specific externalities
    Journal of Monetary Economics, 1996, 37, (3), 421-443 View citations (228)
    See also Working Paper Indeterminacy and Sector-Specific Externalities, Working Papers (1996) View citations (221) (1996)
59. On Cycles and Chaos in Economics
    Studies in Nonlinear Dynamics & Econometrics, 1996, 1, (1), 4 View citations (2)
60. On the optimal and best sustainable taxes in an open economy
    European Economic Review, 1996, 40, (1), 135-154 View citations (17)
61. On the political economy of immigration
    European Economic Review, 1996, 40, (9), 1737-1743 View citations (231)
62. Social Conflict and Growth
    Journal of Economic Growth, 1996, 1, (1), 125-42 View citations (250)

1995

63. On growth and indeterminacy: some theory and evidence
    Carnegie-Rochester Conference Series on Public Policy, 1995, 43, (1), 163-211 View citations (23)
    See also Working Paper On Growth and Indeterminacy: Some Theory and Evidence, Working Papers (1995) View citations (20) (1995)

1994

64. A note on a new class of solutions to dynamic programming problems arising in economic growth
    Journal of Economic Dynamics and Control, 1994, 18, (3-4), 807-813 View citations (26)
65. Indeterminacy and Increasing Returns
    Journal of Economic Theory, 1994, 63, (1), 19-41 View citations (759)
    See also Working Paper Indeterminacy and Increasing Returns, UCLA Economics Working Papers (1992) View citations (10) (1992)
66. Introduction to the Symposium on Growth, Fluctuations, and Sunspots: Confronting the Data
    Journal of Economic Theory, 1994, 63, (1), 1-18 View citations (32)
67. The role of human capital in economic development evidence from aggregate cross-country data
    Journal of Monetary Economics, 1994, 34, (2), 143-173 View citations (1910)
68. Uniqueness and Indeterminacy: On the Dynamics of Endogenous Growth
    Journal of Economic Theory, 1994, 63, (1), 113-142 View citations (283)

1992

69. The Joint Exploitation of a Productive Asset: A Game-Theoretic Approach
    Economic Theory, 1992, 2, (2), 155-90 View citations (88)
    See also Working Paper JOINT EXPLOITATION OF A PRODUCTIVE ASSET: A GAME-THEORETIC APPROACH, Working Papers (1988) View citations (3) (1988)

1991

70. Externalities and Growth Accounting
    American Economic Review, 1991, 81, (1), 82-113 View citations (76)
    See also Working Paper Externalities and Growth Accounting, NBER Working Papers (1989) View citations (3) (1989)
71. Homework in Macroeconomics: Household Production and Aggregate Fluctuations
    Journal of Political Economy, 1991, 99, (6), 1166-87 View citations (633)
    See also Working Paper Homework in macroeconomics: household production and aggregate fluctuations, Staff Report (1991) View citations (594) (1991)
72. Vintage capital, investment, and growth
    Journal of Economic Theory, 1991, 55, (2), 323-339 View citations (160)
    See also Working Paper VINTAGE CAPITAL, INVESTMENT AND GROWTH, Working Papers (1990) (1990)

1990

73. Equilibrium cycling with small discounting
    Journal of Economic Theory, 1990, 52, (2), 423-432 View citations (24)

1989

74. Chaos: Significance, Mechanism, and Economic Applications
    Journal of Economic Perspectives, 1989, 3, (1), 77-105 View citations (94)
    See also Working Paper Chaos: Significance, Mechanism, and Economic Applications, Working Papers (1987) View citations (2) (1987)
75. Stochastic Equilibrium Oscillations
    International Economic Review, 1989, 30, (1), 85-102 View citations (17)
    See also Working Paper Stochastic Equilibrium Oscillations, Working Papers (1987) (1987)

1988

76. On competitive cycles in productive economies
    Journal of Economic Theory, 1988, 45, (1), 145-170 View citations (48)
    See also Working Paper On Competitive Cycles in Productive Economies, Working Papers (1986) View citations (1) (1986)
77. The dynamics of efficient intertemporal allocations with many agents, recursive preferences, and production
    Journal of Economic Theory, 1988, 44, (2), 301-320 View citations (8)
    See also Working Paper The Dynamics of Efficient Intertemporal Allocations With Many Agents, Recursive Preferences and Production, Working Papers (1986) View citations (1) (1986)

1987

78. Bargaining and the evolution of cooperation in a dynamic game
    Economics Letters, 1987, 24, (2), 107-111 View citations (2)
    See also Working Paper Bargaining and the Evolution of Cooperation in a Dynamic Game, Working Papers (1987) View citations (1) (1987)
79. Global equilibrium dynamics with stationary recursive preferences
    Journal of Economic Behavior & Organization, 1987, 8, (3), 429-452 View citations (3)
    See also Working Paper Global Equilibrium Dynamics with Stationary Recursive Preferences, Working Papers (1987) View citations (5) (1987)

1983

80. Job Search: The Choice of Intensity
    Journal of Political Economy, 1983, 91, (5), 747-64 View citations (39)
    See also Working Paper Job Search: The Choice of Intensity, Working Papers (1981) (1981)
81. The Optimal Quantity of Money: A Formal Treatment
    International Economic Review, 1983, 24, (1), 101-11 View citations (7)
    See also Working Paper The Optimal Quantity of Money: A Formal Treatment, Working Papers (1981) (1981)

1982

82. A characterization of erratic dynamics in, the overlapping generations model
    Journal of Economic Dynamics and Control, 1982, 4, (1), 37-55 View citations (139)

1981

83. Rational Choice and Erratic Behaviour
    The Review of Economic Studies, 1981, 48, (3), 459-471 View citations (79)
84. Some New Results on the Dynamics of the Generalized Tobin Model
    International Economic Review, 1981, 22, (3), 589-96 View citations (33)
85. Stability of Equilibrium in Dynamic Models of Capital Theory
    International Economic Review, 1981, 22, (2), 275-93 View citations (22)

1980

86. Adaptive monetary policy and rational expectations
    Journal of Economic Theory, 1980, 23, (2), 261-266 View citations (4)
87. Erratic accumulation
    Economics Letters, 1980, 6, (2), 113-117 View citations (16)

1979

88. On the Uniqueness of Steady States in an Economy with Heterogeneous Capital Goods
    International Economic Review, 1979, 20, (1), 59-82 View citations (11)
89. Pareto vs. Wicksell on adjustment costs in consumption: A reformulation
    Economics Letters, 1979, 2, (2), 121-124
90. The hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth
    Journal of Economic Theory, 1979, 21, (3), 421-444 View citations (164)
    See also Chapter The Hopf Bifurcation and Existence and Stability of Closed Orbits in Multisector Models of Optimal Economic Growth, Springer Books, 2012, 51-73 (2012) (2012)

1978

91. A note on optimal growth and intertemporally dependent preferences
    Economics Letters, 1978, 1, (4), 321-324 View citations (5)

Chapters

2017

1. Uncertainty and Sentiment-Driven Equilibria
   Springer View citations (2)
   See also Working Paper Uncertainty and Sentiment-Driven Equilibria, National Bureau of Economic Research, Inc (2013) View citations (14) (2013)

2012

2. Competitive Equilibrium Cycles
   Springer
   See also Working Paper Competitive Equilibrium Cycles, C.V. Starr Center for Applied Economics, New York University (1983) (1983)
3. Indeterminacy Under Constant Returns to Scale in Multisector Economies
   Springer
   See also Journal Article Indeterminacy under Constant Returns to Scale in Multisector Economies, Econometric Society (2000) View citations (116) (2000)
4. Indeterminacy and Sunspots with Constant Returns
   Springer
   See also Working Paper Indeterminancy and Sunspots with Constant Returns, C.V. Starr Center for Applied Economics, New York University (1996) View citations (3) (1996)
   Journal Article Indeterminacy and Sunspots with Constant Returns, Elsevier (1998) View citations (180) (1998)
5. The Hopf Bifurcation and Existence and Stability of Closed Orbits in Multisector Models of Optimal Economic Growth
   Springer
   See also Journal Article The hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth, Elsevier (1979) View citations (164) (1979)

2005

6. Human Capital and Technology Diffusion
   Chapter 13 in Handbook of Economic Growth, 2005, vol. 1, Part A, pp 935-966 View citations (368)
   See also Working Paper Human capital and technology diffusion, Federal Reserve Bank of San Francisco (2002) View citations (5) (2002)
   Journal Article Human capital and technology diffusion, Federal Reserve Bank of San Francisco (2002) View citations (47) (2002)

1999

7. Indeterminacy and sunspots in macroeconomics
   Chapter 06 in Handbook of Macroeconomics, 1999, vol. 1, Part A, pp 387-448 View citations (458)

Software Items

2013

1. Code and data files for "Learning, Large Deviations and Rare Events"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Learning, Large Deviations and Rare Events, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) View citations (19) (2014)

Editor

1. Journal of Economic Theory
   Elsevier