Details about Christopher Phelan

Homepage:	https://sites.google.com/umn.edu/christopherphelan/home
Workplace:	Department of Economics, University of Minnesota, (more information at EDIRC) Research Department, Federal Reserve Bank of Minneapolis, (more information at EDIRC)

Access statistics for papers by Christopher Phelan.

Last updated 2021-08-25. Update your information in the RePEc Author Service.

Short-id: pph1

---

Jump to Journal Articles Chapters Software Items

Working Papers

2021

1. Reputation and Partial Default
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

2. The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (9)
   See also Journal Article in Review of Economic Dynamics

2018

3. Reputation and Sovereign Default
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2018) View citations (2)
   2017 Meeting Papers, Society for Economic Dynamics (2017)
   See also Journal Article in Econometrica (2021)

2016

4. Insuring Against Adverse Outcomes at Birth
   Economic Policy Paper, Federal Reserve Bank of Minneapolis

2015

5. On the Ethics of Redistribution
   Economic Policy Paper, Federal Reserve Bank of Minneapolis
6. Pareto Efficiency and Identity
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article in Theoretical Economics (2018)
7. Should We Worry About Excess Reserves?
   Economic Policy Paper, Federal Reserve Bank of Minneapolis

2014

8. Too Correlated to Fail
   Economic Policy Paper, Federal Reserve Bank of Minneapolis

2013

9. Speculative Runs on Interest Rate Pegs
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article in Journal of Monetary Economics (2015)

2012

10. Runs on Interest Rate Pegs
    2012 Meeting Papers, Society for Economic Dynamics
11. Speculative runs on interest rate pegs the frictionless case
    Working Paper Series, Federal Reserve Bank of Chicago
12. The \\"banks\\" we do need
    Economic Policy Paper, Federal Reserve Bank of Minneapolis
13. What assets should banks be allowed to hold?
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (2)

2010

14. Computing Multi-Period, Information Constrained Optima
    Levine's Working Paper Archive, David K. Levine View citations (4)
    Also in University of Chicago - Economics Research Center, Chicago - Economics Research Center (1990) View citations (74)
    See also Journal Article in Review of Economic Studies (1991)
15. On the Long Run Implications of Repeated Moral Hazard
    Levine's Working Paper Archive, David K. Levine View citations (1)
    See also Journal Article in Journal of Economic Theory (1998)

2009

16. A simple model of bank employee compensation
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
17. Incentive compensation in the banking industry: insights from economic theory
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (2)

2007

18. On the Robustness of Laissez-Faire
    Levine's Bibliography, UCLA Department of Economics
    See also Journal Article in Journal of Economic Theory (2009)
19. Private Monitoring with Infinite Histories
    NajEcon Working Paper Reviews, www.najecon.org View citations (5)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) View citations (6)

2006

20. Dynamic Optimal Taxation: A Robust Analysis
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)
21. Sequential Equilibria with Infinite Histories
    2006 Meeting Papers, Society for Economic Dynamics
22. Tax riots
    Working Paper Series, Federal Reserve Bank of Chicago
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005)
    2004 Meeting Papers, Society for Economic Dynamics (2004)
    See also Journal Article in Review of Economic Studies (2008)

2005

23. Opportunity and social mobility
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
    Also in Levine's Bibliography, UCLA Department of Economics (2003) View citations (2)
    See also Journal Article in Review of Economic Studies (2006)
24. Reputation and Capital Controls
    2005 Meeting Papers, Society for Economic Dynamics

2001

25. On the irrelevance of the maturity structure of government debt without commitment
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    See also Journal Article in Games and Economic Behavior (2004)
26. Public trust and government betrayal
    Staff Report, Federal Reserve Bank of Minneapolis View citations (26)
    See also Journal Article in Journal of Economic Theory (2006)

1999

27. A recursive formulation for repeated agency with history dependence
    Staff Report, Federal Reserve Bank of Minneapolis View citations (48)
    See also Journal Article in Journal of Economic Theory (2000)
28. Sequential equilibria in a Ramsey tax model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    See also Journal Article in Econometrica (2001)

1996

29. How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets
    Public Economics, University Library of Munich, Germany View citations (61)
    Also in Working papers, Wisconsin Madison - Social Systems (1994) View citations (13)
    See also Journal Article in Econometrica (1997)

1995

30. Optimal Sectoral Shifts
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations (2)

1994

31. Reconsidering the Costs of Business Cycles with Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (102)
    See also Chapter (1994)

1993

32. Labor Markets with Repeated Agency and One-Sided Commitment
    Working papers, Wisconsin Madison - Social Systems View citations (2)

1992

33. Incentive, Inequality and Business Cycle
    Working papers, Wisconsin Madison - Social Systems

1991

34. Political Extremism and the Role of Inertia
    Working papers, Wisconsin Madison - Social Systems
35. Recursive Optimal Mechanisms With History-Dependent, Privately-Observed Shocks
    SSRI Workshop Series, University of Wisconsin-Madison, Social Systems Research Institute
    Also in Working papers, Wisconsin Madison - Social Systems (1991)

1990

36. INCENTIVES, INSURANCE AND THE VARIABILITY OF CON SOMPTION AND LEISURE
    Working papers, Wisconsin Madison - Social Systems View citations (11)
    See also Journal Article in Journal of Economic Dynamics and Control (1994)

Journal Articles

2021

1. Reputation and Sovereign Default
   Econometrica, 2021, 89, (4), 1979-2010
   See also Working Paper (2018)

2018

2. Pareto efficiency and identity
   Theoretical Economics, 2018, 13, (3) View citations (1)
   See also Working Paper (2015)

2015

3. Recall and private monitoring
   Games and Economic Behavior, 2015, 90, (C), 162-170
4. Speculative runs on interest rate pegs
   Journal of Monetary Economics, 2015, 73, (C), 99-114 View citations (9)
   See also Working Paper (2013)

2014

5. On the social usefulness of fractional reserve banking
   Journal of Monetary Economics, 2014, 65, (C), 1-13 View citations (10)

2012

6. Beliefs and Private Monitoring
   Review of Economic Studies, 2012, 79, (4), 1637-1660 View citations (4)
7. Exploring entrepreneurial skills and competencies in farm tourism
   Local Economy, 2012, 27, (2), 103-118 View citations (6)

2009

8. On the robustness of laissez-faire
   Journal of Economic Theory, 2009, 144, (6), 2372-2387 View citations (13)
   See also Working Paper (2007)

2008

9. Tax Riots
   Review of Economic Studies, 2008, 75, (3), 649-669 View citations (14)
   See also Working Paper (2006)

2006

10. Opportunity and Social Mobility
    Review of Economic Studies, 2006, 73, (2), 487-504 View citations (20)
    See also Working Paper (2005)
11. Public trust and government betrayal
    Journal of Economic Theory, 2006, 130, (1), 27-43 View citations (49)
    See also Working Paper (2001)

2004

12. On the irrelevance of the maturity structure of government debt without commitment
    Games and Economic Behavior, 2004, 46, (1), 115-128 View citations (6)
    See also Working Paper (2001)

2002

13. Inequality and fairness
    Quarterly Review, 2002, 26, (Spr) View citations (3)

2001

14. Sequential Equilibria in a Ramsey Tax Model
    Econometrica, 2001, 69, (6), 1491-1518 View citations (111)
    See also Working Paper (1999)

2000

15. A Recursive Formulation for Repeated Agency with History Dependence
    Journal of Economic Theory, 2000, 91, (2), 223-247 View citations (136)
    See also Working Paper (1999)
16. The aggregate effects of sectoral reallocations
    Journal of Monetary Economics, 2000, 45, (2), 249-268 View citations (28)

1999

17. Anticipation effects of looming public-pension reforms: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1999, 50, (1), 161-164 View citations (4)
18. Explaining the fiscal theory of the price level
    Quarterly Review, 1999, 23, (Fall), 14-23 View citations (83)

1998

19. On the Long Run Implications of Repeated Moral Hazard
    Journal of Economic Theory, 1998, 79, (2), 174-191 View citations (29)
    See also Working Paper (2010)

1997

20. How Social Security and Medicare Affect Retirement Behavior in a World of Incomplete Markets
    Econometrica, 1997, 65, (4), 781-832 View citations (444)
    See also Working Paper (1996)

1995

21. Repeated Moral Hazard and One-Sided Commitment
    Journal of Economic Theory, 1995, 66, (2), 488-506 View citations (63)

1994

22. Incentives and Aggregate Shocks
    Review of Economic Studies, 1994, 61, (4), 681-700 View citations (33)
23. Incentives, insurance, and the variability of consumption and leisure
    Journal of Economic Dynamics and Control, 1994, 18, (3-4), 581-599 View citations (13)
    See also Working Paper (1990)

1991

24. Computing Multi-Period, Information-Constrained Optima
    Review of Economic Studies, 1991, 58, (5), 853-881 View citations (90)
    See also Working Paper (2010)

Undated

25. The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics
    Review of Economic Dynamics
    See also Software Item (2020)
    Working Paper (2020)

Chapters

1994

1. Reconsidering the Costs of Business Cycles with Incomplete Markets
   A chapter in NBER Macroeconomics Annual 1994, Volume 9, 1994, pp 187-218 View citations (75)
   See also Working Paper (1994)

Software Items

2020

1. Code and data files for "The Hammer and the Scalpel: On the Economics of Indiscriminate versus Targeted Isolation Policies during Pandemics"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics