Details about Mikhail Golosov

Access statistics for papers by Mikhail Golosov.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: pgo200

Working Papers

2023

1. A Perturbational Approach for Approximating Heterogeneous Agent Models
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
2. The Optimal Taxation of Couples
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2022

3. Managing Public Portfolios
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2021

4. How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
   See also Journal Article How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income*, The Quarterly Journal of Economics, President and Fellows of Harvard College (2024) View citations (8) (2024)

2019

5. Monetary Transmission with Segmented Markets
   2019 Meeting Papers, Society for Economic Dynamics
6. Social Insurance, Information Revelation, and Lack of Commitment
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (6)
   2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (5)
   See also Journal Article Social Insurance, Information Revelation, and Lack of Commitment, Journal of Political Economy, University of Chicago Press (2021) View citations (2) (2021)
7. The Optimal Maturity of Government Debt
   2019 Meeting Papers, Society for Economic Dynamics View citations (3)

2018

8. Inequality, Business Cycles, and Monetary-Fiscal Policy
   Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (24)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (24)
   See also Journal Article Inequality, Business Cycles, and Monetary‐Fiscal Policy, Econometrica, Econometric Society (2021) View citations (18) (2021)
9. Macroeconomic Implications of Asset Prices
   2018 Meeting Papers, Society for Economic Dynamics

2017

10. Optimal Fiscal-Monetary Policy with Redistribution
    2017 Meeting Papers, Society for Economic Dynamics View citations (11)
11. Risk and Monetary Policy in a New Keynesian Model
    2017 Meeting Papers, Society for Economic Dynamics View citations (3)
12. The Industrialization and Economic Development of Russia through the Lens of a Neoclassical Growth Model
    Post-Print, HAL View citations (15)
    Also in SciencePo Working papers Main, HAL (2017) View citations (13)
    See also Journal Article The Industrialization and Economic Development of Russia through the Lens of a Neoclassical Growth Model, The Review of Economic Studies, Review of Economic Studies Ltd (2017) View citations (36) (2017)

2016

13. Agency Business Cycles
    2016 Meeting Papers, Society for Economic Dynamics
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2015) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (2)
    See also Journal Article Agency business cycles, Theoretical Economics, Econometric Society (2020) View citations (5) (2020)
14. Fiscal Policy and Debt Management with Incomplete Markets
    2016 Meeting Papers, Society for Economic Dynamics View citations (14)
    See also Journal Article Fiscal Policy and Debt Management with Incomplete Markets, The Quarterly Journal of Economics, President and Fellows of Harvard College (2017) View citations (36) (2017)
15. Political Economy of Sovereign Debt: A Theory of Cycles of Populism and Austerity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
16. Recursive Contracts and Endogenously Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Chapter Recursive Contracts and Endogenously Incomplete Markets, Handbook of Macroeconomics, Elsevier (2016) View citations (18) (2016)
17. Taxation, Sorting and Redistribution: Theory and Evidence
    2016 Meeting Papers, Society for Economic Dynamics

2015

18. A Variational Approach to the Analysis of Tax Systems
    2015 Meeting Papers, Society for Economic Dynamics View citations (62)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (94)
19. The Economy of People’s Republic of China from 1953
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
20. The Economy of People’s Republic of China from 1953
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
21. The Economy of the People's Republic of China since 1953
    SciencePo Working papers Main, HAL View citations (2)
    Also in Working Papers, HAL (2015) View citations (5)

2014

22. Optimal Taxation with Incomplete Markets
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)
23. Sovereign Debt vs Redistributive Taxes: Financing Recoveries in Unequal and Uncommitted Economies
    2014 Meeting Papers, Society for Economic Dynamics View citations (7)

2013

24. Dynamic Strategic Information Transmission
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (4)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (2)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2011) View citations (5)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2011) View citations (3)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2011)
    See also Journal Article Dynamic strategic information transmission, Journal of Economic Theory, Elsevier (2014) View citations (24) (2014)
25. Dynamic Tax Reforms
    2013 Meeting Papers, Society for Economic Dynamics View citations (2)
26. Taxes, Debts, and Redistributions with Aggregate Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
27. Was Stalin Necessary for Russia's Economic Development?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (10)

2012

28. Optimal Dynamic Taxes
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (38)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (9)
29. Taxation and Redistribution of Residual Income Inequality
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2012) View citations (20)
    See also Journal Article Taxation and Redistribution of Residual Income Inequality, Journal of Political Economy, University of Chicago Press (2013) View citations (51) (2013)

2011

30. A Dynamic Theory of Resource Wars
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Levine's Working Paper Archive, David K. Levine (2011) View citations (7)
    See also Journal Article A Dynamic Theory of Resource Wars, The Quarterly Journal of Economics, President and Fellows of Harvard College (2012) View citations (65) (2012)
31. Optimal Taxes on Fossil Fuel in General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (50)
    See also Journal Article Optimal Taxes on Fossil Fuel in General Equilibrium, Econometrica, Econometric Society (2014) View citations (549) (2014)
32. Social Insurance for Frictional Wage Inequality
    2011 Meeting Papers, Society for Economic Dynamics

2010

33. Preference Heterogeneity and Optimal Capital Income Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (4)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2010) View citations (4)
    STICERD - Public Economics Programme Discussion Papers, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE (2010) View citations (4)
    See also Journal Article Preference heterogeneity and optimal capital income taxation, Journal of Public Economics, Elsevier (2013) View citations (53) (2013)
34. Preference Heterogeneity and Optimal Capital Taxation
    STICERD - Public Economics Programme Discussion Papers, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE View citations (6)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2010) View citations (4)
35. The Political Economy of Resource Prices
    2010 Meeting Papers, Society for Economic Dynamics

2009

36. A Theory of Liquidity and Regulation of Financial Intermediation
    Scholarly Articles, Harvard University Department of Economics View citations (164)
    Also in Levine's Bibliography, UCLA Department of Economics (2006) View citations (6)
    Levine's Working Paper Archive, David K. Levine (2008) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (5)
    See also Journal Article A Theory of Liquidity and Regulation of Financial Intermediation, The Review of Economic Studies, Review of Economic Studies Ltd (2009) View citations (166) (2009)
37. Decentralized Trading with Private Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (10)
    See also Journal Article Decentralized Trading With Private Information, Econometrica, Econometric Society (2014) View citations (31) (2014)
38. Political Economy of Ramsey Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Levine's Working Paper Archive, David K. Levine (2008) View citations (2)
    See also Journal Article Political economy of Ramsey taxation, Journal of Public Economics, Elsevier (2011) View citations (41) (2011)
39. Power Fluctuations and Political Economy
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (2)
    See also Journal Article Power fluctuations and political economy, Journal of Economic Theory, Elsevier (2011) View citations (48) (2011)
40. Prizes and Patents: Using Market Signals to Provide Incentives for Innovations
    Levine's Working Paper Archive, David K. Levine View citations (4)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2009) View citations (3)
    See also Journal Article Prizes and patents: Using market signals to provide incentives for innovations, Journal of Economic Theory, Elsevier (2012) View citations (23) (2012)

2007

41. Political Economy of Mechanisms
    Levine's Bibliography, UCLA Department of Economics View citations (19)
    See also Journal Article Political Economy of Mechanisms, Econometrica, Econometric Society (2008) View citations (97) (2008)

2006

42. Efficiency with Endogenous Population Growth
    Discussion Papers, Stanford Institute for Economic Policy Research View citations (12)
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (14)
    Levine's Working Paper Archive, David K. Levine (2003)
    Working Papers, Federal Reserve Bank of Minneapolis (2004) View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (18)
    See also Journal Article Efficiency with Endogenous Population Growth, Econometrica, Econometric Society (2007) View citations (84) (2007)
43. Markets Versus Governments: Political Economy of Mechanisms
    2006 Meeting Papers, Society for Economic Dynamics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (12)
44. Optimal Taxation with Endogenous Insurance Markets
    Levine's Bibliography, UCLA Department of Economics View citations (21)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (35)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (7)
    See also Journal Article Optimal Taxation with Endogenous Insurance Markets, The Quarterly Journal of Economics, President and Fellows of Harvard College (2007) View citations (145) (2007)

2005

45. A Theory of Capital Adequacy Requirements of Banks
    2005 Meeting Papers, Society for Economic Dynamics
46. Business Start-ups, The Lock-in Effect, and Capital Gains Taxation
    Levine's Bibliography, UCLA Department of Economics View citations (8)
    Also in Levine's Working Paper Archive, David K. Levine (2003) View citations (6)
47. Copyrights, Price Discrimination and Hidden Trading: Lessons from a Ricardian Theory of Innovation
    2005 Meeting Papers, Society for Economic Dynamics
48. Designing Optimal Disability Insurance: A Case for Asset Testing
    Levine's Bibliography, UCLA Department of Economics View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (11)
    See also Journal Article Designing Optimal Disability Insurance: A Case for Asset Testing, Journal of Political Economy, University of Chicago Press (2006) View citations (171) (2006)

2004

49. Dynamic Optimal Non-linear Taxation Under Non-commitment
    2004 Meeting Papers, Society for Economic Dynamics
50. Menu Costs and Phillips Curves
    2004 Meeting Papers, Society for Economic Dynamics View citations (97)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (102)
    See also Journal Article Menu Costs and Phillips Curves, Journal of Political Economy, University of Chicago Press (2007) View citations (560) (2007)

2003

51. Designing Optimal Disability Insurance
    Levine's Working Paper Archive, David K. Levine View citations (14)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2003) View citations (19)

2002

52. Optimal Indirect and Capital Taxation
    NajEcon Working Paper Reviews, www.najecon.org
    Also in Levine's Working Paper Archive, David K. Levine (2002)
    Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations (28)
    Staff Report, Federal Reserve Bank of Minneapolis (2001) View citations (35)
    See also Journal Article Optimal Indirect and Capital Taxation, The Review of Economic Studies, Review of Economic Studies Ltd (2003) View citations (333) (2003)
53. Tax Revenue Forecasts in IMF-Supported Programs
    IMF Working Papers, International Monetary Fund View citations (9)

Journal Articles

2024

1. How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income*
   The Quarterly Journal of Economics, 2024, 139, (2), 1321-1395 View citations (8)
   See also Working Paper How Americans Respond to Idiosyncratic and Exogenous Changes in Household Wealth and Unearned Income, NBER Working Papers (2021) View citations (35) (2021)
2. The Political Development Cycle: The Right and the Left in People's Republic of China from 1953
   American Economic Review, 2024, 114, (4), 1107-39 View citations (5)

2021

3. Inequality, Business Cycles, and Monetary‐Fiscal Policy
   Econometrica, 2021, 89, (6), 2559-2599 View citations (18)
   See also Working Paper Inequality, Business Cycles, and Monetary-Fiscal Policy, Working Papers (2018) View citations (24) (2018)
4. Social Insurance, Information Revelation, and Lack of Commitment
   Journal of Political Economy, 2021, 129, (9), 2629 - 2665 View citations (2)
   See also Working Paper Social Insurance, Information Revelation, and Lack of Commitment, CEPR Discussion Papers (2019) (2019)

2020

5. Agency business cycles
   Theoretical Economics, 2020, 15, (1) View citations (5)
   See also Working Paper Agency Business Cycles, 2016 Meeting Papers (2016) (2016)

2017

6. Fiscal Policy and Debt Management with Incomplete Markets
   The Quarterly Journal of Economics, 2017, 132, (2), 617-663 View citations (36)
   See also Working Paper Fiscal Policy and Debt Management with Incomplete Markets, 2016 Meeting Papers (2016) View citations (14) (2016)
7. Public debt in economies with heterogeneous agents
   Journal of Monetary Economics, 2017, 91, (C), 39-51 View citations (24)
8. The Industrialization and Economic Development of Russia through the Lens of a Neoclassical Growth Model
   The Review of Economic Studies, 2017, 84, (2), 613-649 View citations (36)
   See also Working Paper The Industrialization and Economic Development of Russia through the Lens of a Neoclassical Growth Model, Post-Print (2017) View citations (15) (2017)

2016

9. Redistribution and Social Insurance
   American Economic Review, 2016, 106, (2), 359-86 View citations (74)
10. The Research Agenda: Mikhail Golosov and Aleh Tsyvinski on New Dynamic Public Finance
    EconomicDynamics Newsletter, 2016, 17, (2)

2015

11. Policy Implications of Dynamic Public Finance
    Annual Review of Economics, 2015, 7, (1), 147-171 View citations (19)

2014

12. Decentralized Trading With Private Information
    Econometrica, 2014, 82, (3), 1055-1091 View citations (31)
    See also Working Paper Decentralized Trading with Private Information, NBER Working Papers (2009) View citations (17) (2009)
13. Dynamic strategic information transmission
    Journal of Economic Theory, 2014, 151, (C), 304-341 View citations (24)
    See also Working Paper Dynamic Strategic Information Transmission, Working Papers (2013) View citations (4) (2013)
14. Optimal Taxes on Fossil Fuel in General Equilibrium
    Econometrica, 2014, 82, (1), 41-88 View citations (549)
    See also Working Paper Optimal Taxes on Fossil Fuel in General Equilibrium, NBER Working Papers (2011) View citations (49) (2011)

2013

15. Optimal Pension Systems with Simple Instruments
    American Economic Review, 2013, 103, (3), 502-07 View citations (21)
16. Preference heterogeneity and optimal capital income taxation
    Journal of Public Economics, 2013, 97, (C), 160-175 View citations (53)
    See also Working Paper Preference Heterogeneity and Optimal Capital Income Taxation, NBER Working Papers (2010) View citations (6) (2010)
17. Taxation and Redistribution of Residual Income Inequality
    Journal of Political Economy, 2013, 121, (6), 1160 - 1204 View citations (51)
    See also Working Paper Taxation and Redistribution of Residual Income Inequality, NBER Working Papers (2012) View citations (6) (2012)

2012

18. A Dynamic Theory of Resource Wars
    The Quarterly Journal of Economics, 2012, 127, (1), 283-331 View citations (65)
    See also Working Paper A Dynamic Theory of Resource Wars, NBER Working Papers (2011) View citations (4) (2011)
19. Prizes and patents: Using market signals to provide incentives for innovations
    Journal of Economic Theory, 2012, 147, (2), 781-801 View citations (23)
    See also Working Paper Prizes and Patents: Using Market Signals to Provide Incentives for Innovations, Levine's Working Paper Archive (2009) View citations (4) (2009)

2011

20. Optimal Taxation: Merging Micro and Macro Approaches
    Journal of Money, Credit and Banking, 2011, 43, 147-174 View citations (11)
    Also in Journal of Money, Credit and Banking, 2011, 43, (s1), 147-174 (2011) View citations (2)
21. Political economy of Ramsey taxation
    Journal of Public Economics, 2011, 95, (7), 467-475 View citations (41)
    Also in Journal of Public Economics, 2011, 95, (7-8), 467-475 (2011) View citations (41)
    See also Working Paper Political Economy of Ramsey Taxation, NBER Working Papers (2009) View citations (1) (2009)
22. Power fluctuations and political economy
    Journal of Economic Theory, 2011, 146, (3), 1009-1041 View citations (48)
    See also Working Paper Power Fluctuations and Political Economy, EIEF Working Papers Series (2009) View citations (1) (2009)

2010

23. Dynamic Mirrlees Taxation under Political Economy Constraints
    The Review of Economic Studies, 2010, 77, (3), 841-881 View citations (57)

2009

24. A Theory of Liquidity and Regulation of Financial Intermediation
    The Review of Economic Studies, 2009, 76, (3), 973-992 View citations (166)
    See also Working Paper A Theory of Liquidity and Regulation of Financial Intermediation, Scholarly Articles (2009) View citations (164) (2009)

2008

25. Markets versus governments
    Journal of Monetary Economics, 2008, 55, (1), 159-189 View citations (36)
26. Political Economy of Intermediate Goods Taxation
    Journal of the European Economic Association, 2008, 6, (2-3), 353-366 View citations (2)
27. Political Economy of Mechanisms
    Econometrica, 2008, 76, (3), 619-641 View citations (97)
    See also Working Paper Political Economy of Mechanisms, Levine's Bibliography (2007) View citations (19) (2007)

2007

28. Efficiency with Endogenous Population Growth
    Econometrica, 2007, 75, (4), 1039-1071 View citations (84)
    See also Working Paper Efficiency with Endogenous Population Growth, Discussion Papers (2006) View citations (12) (2006)
29. Menu Costs and Phillips Curves
    Journal of Political Economy, 2007, 115, (2), 171-199 View citations (560)
    See also Working Paper Menu Costs and Phillips Curves, 2004 Meeting Papers (2004) View citations (97) (2004)
30. Optimal Taxation with Endogenous Insurance Markets
    The Quarterly Journal of Economics, 2007, 122, (2), 487-534 View citations (145)
    See also Working Paper Optimal Taxation with Endogenous Insurance Markets, Levine's Bibliography (2006) View citations (21) (2006)

2006

31. Designing Optimal Disability Insurance: A Case for Asset Testing
    Journal of Political Economy, 2006, 114, (2), 257-279 View citations (171)
    See also Working Paper Designing Optimal Disability Insurance: A Case for Asset Testing, Levine's Bibliography (2005) View citations (4) (2005)

2003

32. Optimal Indirect and Capital Taxation
    The Review of Economic Studies, 2003, 70, (3), 569-587 View citations (333)
    See also Working Paper Optimal Indirect and Capital Taxation, NajEcon Working Paper Reviews (2002) (2002)

Chapters

2016

1. Recursive Contracts and Endogenously Incomplete Markets
   Elsevier View citations (18)
   See also Working Paper Recursive Contracts and Endogenously Incomplete Markets, National Bureau of Economic Research, Inc (2016) View citations (18) (2016)

2011

2. Comment on "In Search of Real Rigidities"
   A chapter in NBER Macroeconomics Annual 2010, volume 25, 2011, pp 311-317

2007

3. New Dynamic Public Finance: A User's Guide
   A chapter in NBER Macroeconomics Annual 2006, Volume 21, 2007, pp 317-388 View citations (59)