Details about José-Víctor Ríos-Rull

E-mail:
Homepage:	https://www.sas.upenn.edu/~vr0j/
Workplace:	Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, (more information at EDIRC) Department of Economics, University College London (UCL), (more information at EDIRC) Centro de Análisis y Estudios Ríos Pérez (CAERP) (Ríos Pérez Center for Analyses and Studies), (more information at EDIRC)

Access statistics for papers by José-Víctor Ríos-Rull.

Last updated 2022-01-09. Update your information in the RePEc Author Service.

Short-id: pri8

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Working Papers

2022

1. Procyclical Productivity in New Keynesian Models
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

2. A Quantitative Theory of the Credit Score
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (6)
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2020) View citations (7)
   Working Papers, Federal Reserve Bank of Philadelphia (2020) View citations (2)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (6)
3. Health versus Wealth: On the Distributional Effects of Controlling a Pandemic
   Working Papers, Human Capital and Economic Opportunity Working Group View citations (195)
   Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2020) View citations (201)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (200)
   Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (124)
   Research Working Paper, Federal Reserve Bank of Kansas City (2020) View citations (138)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (204)
4. Labor Share and Productivity Dynamics
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (1)
   See also Journal Article in The Economic Journal (2021)

2019

5. Credit, Bankruptcy, and Aggregate Fluctuations
   Working Papers, Federal Reserve Bank of Philadelphia
   Also in Working Papers, Federal Reserve Bank of Philadelphia (2014) View citations (7)
   NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (7)
6. Partial Default
   Staff Report, Federal Reserve Bank of Minneapolis
   Also in Discussion Papers, Centre for Macroeconomics (CFM) (2019)
   2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (2)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (21)

2018

7. A Theory of Credit Scoring and the Competitive Pricing of Default Risk
   2018 Meeting Papers, Society for Economic Dynamics View citations (29)
   Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (15)
8. Organizational Equilibrium with Capital
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, Federal Reserve Bank of Chicago (2018)
   NBER Working Papers, National Bureau of Economic Research, Inc (2018)
9. The Welfare Cost of Inflation Revisited: The Role of Financial Innovation and Household Heterogeneity
   Staff Working Papers, Bank of Canada
   See also Journal Article in Journal of Monetary Economics (2021)

2016

10. Business Cycles and Household Formation: The Micro vs the Macro Labor Elasticity
    2016 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (33)
11. Financial Frictions, Asset Prices, and the Great Recession
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2016) View citations (6)
12. Health, Consumption and Inequality
    2016 Meeting Papers, Society for Economic Dynamics
13. The Generalized Euler Equation and the Unilateral Default Problem
    2016 Meeting Papers, Society for Economic Dynamics
14. The Great Recession and Financial Shocks
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)

2014

15. Intergenerational Redistribution in the Great Recession
    Staff Report, Federal Reserve Bank of Minneapolis View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (31)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (26)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (24)
    Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (40)
    See also Journal Article in Journal of Political Economy (2020)

2013

16. Demand for Liquidity and Welfare Cost of Inflation by Cohort and Age of Households
    2013 Meeting Papers, Society for Economic Dynamics
17. Demand shocks and open economy puzzles
    2013 Meeting Papers, Society for Economic Dynamics
    See also Journal Article in American Economic Review (2015)
18. Engineering a paradox of thrift recession
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta View citations (16)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012)
19. Health Heterogeneity and the Preferences for Consumption Growth
    2013 Meeting Papers, Society for Economic Dynamics View citations (2)
20. Paradox of Thrift Recessions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (16)
21. Realistic neoclassical multiplier
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (2)
22. Sex Ratios and Long-Term Marriage Trends
    2013 Meeting Papers, Society for Economic Dynamics View citations (2)

2012

23. Constrained Efficiency in the Neoclassical Growth Model With Uninsurable Idiosyncratic Shocks
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (17)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2005) View citations (21)
    Cahiers de la Maison des Sciences Economiques, Université Panthéon-Sorbonne (Paris 1) (2005) View citations (83)
    Post-Print, HAL (2005) View citations (9)
    Post-Print, HAL (2012) View citations (16)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2005) View citations (16)
    Post-Print, HAL (2012) View citations (23)
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (2012) View citations (61)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2012) View citations (70)
    PSE-Ecole d'économie de Paris (Postprint), HAL (2012) View citations (22)
    See also Journal Article in Econometrica (2012)
24. Heterogeneity in Expected Longevities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012) View citations (1)
    Working Papers, CEMFI (2012) View citations (4)
    See also Journal Article in Demography (2014)
25. Labor Share and Technology Dynamics
    2012 Meeting Papers, Society for Economic Dynamics View citations (1)
26. Models of government expenditure multipliers
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (4)

2011

27. Demand Shocks that Look Like Productivity Shocks
    2011 Meeting Papers, Society for Economic Dynamics View citations (28)

2010

28. Inflation, Nominal Debt, Housing, and Welfare
    2010 Meeting Papers, Society for Economic Dynamics
29. What Accounts for the Increase in the Number of Single Households?
    2010 Meeting Papers, Society for Economic Dynamics View citations (14)

2009

30. Credit Lines
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)
31. Methods versus Substance: Measuring the Effects of Technology Shocks on Hours
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (20)

2008

32. Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting
    2008 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in Staff Working Papers, Bank of Canada (2008) View citations (19)
    See also Journal Article in Journal of Monetary Economics (2010)

2007

33. A finite-life private-information theory of unsecured consumer debt
    Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
    See also Journal Article in Journal of Economic Theory (2008)
34. A quantitative theory of unsecured consumer credit with risk of default
    Working Papers, Federal Reserve Bank of Philadelphia View citations (354)
    Also in Centro de Alti­simos Estudios Ri­os Pe©rez(CAERP), Centro de Altisimos Estudios Rios Perez (CAERP) (2002)
    See also Journal Article in Econometrica (2007)
35. Financial Integration, Financial Deepness and Global Imbalances
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (131)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (115)
36. On the Welfare Implications of Financial Globalization without Financial Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (56)
    See also Chapter (2009)

2006

37. Finite-Life, Private-Information Theory of Unsecured Debt
    2006 Meeting Papers, Society for Economic Dynamics View citations (4)
38. Social Security, Life Insurance and Annuities for Families
    2006 Meeting Papers, Society for Economic Dynamics
    See also Journal Article in Journal of Monetary Economics (2007)
39. Time Consistent Debt
    2006 Meeting Papers, Society for Economic Dynamics View citations (19)

2005

40. Aggregate Shocks and the Volatility of House Prices
    2005 Meeting Papers, Society for Economic Dynamics View citations (2)
41. Health and Heterogeneity
    2005 Meeting Papers, Society for Economic Dynamics View citations (3)

2004

42. Life insurance and household consumption
    Working Papers, Federal Reserve Bank of Philadelphia View citations (7)
    See also Journal Article in American Economic Review (2012)
43. On Black/White Intermarriage Patterns
    2004 Meeting Papers, Society for Economic Dynamics
44. The Role of the Sex Imbalance in Shaping Marital Status
    2004 Meeting Papers, Society for Economic Dynamics
45. Time Consistent Public Expenditures
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations (31)

2003

46. Families as Shocks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (46)
    See also Journal Article in Journal of the European Economic Association (2003)

2002

47. Implementing the 35 Hour Workweek by Means of Overtime Taxation
    Economic Working Papers at Centro de Estudios Andaluces, Centro de Estudios Andaluces View citations (11)
    See also Journal Article in Review of Economic Dynamics (2003)
48. Precautionary Savings and Wealth Distribution Under Habit Formation Preferences
    Working Papers, CEMFI
    See also Journal Article in Journal of Monetary Economics (2003)

2001

49. Habit formation: implications for the wealth distribution
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía View citations (22)
    See also Journal Article in Journal of Monetary Economics (2003)

2000

50. On the equilibrium concept for overlapping generations organizations
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2000) View citations (2)

1998

51. Earnings and wealth inequality and income taxation: quantifying the tradeoffs of switching to a proportional income tax in the U.S
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (8)
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (10)

1997

52. Capital-skill complementarity and inequality: a macroeconomic analysis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (190)
    See also Journal Article in Econometrica (2000)
53. Computation of equilibria in heterogeneous agent models
    Staff Report, Federal Reserve Bank of Minneapolis View citations (22)
54. Marital risk and capital accumulation
    Staff Report, Federal Reserve Bank of Minneapolis View citations (14)
55. On the size of U.S. government: political economy in the neoclassical growth model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    See also Journal Article in American Economic Review (1999)

1996

56. The balance of payments and borrowing constraints: an alternative view of the Mexican crisis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (21)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (2)
    See also Journal Article in Journal of International Economics (1996)

1995

57. Unemployment spells and income distribution dynamics
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía View citations (5)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1995) View citations (7)

1994

58. What Constitutions Promote Capital Accumulation? A Political-Economy Approach
    Wallis Working Papers, University of Rochester - Wallis Institute of Political Economy View citations (10)

1993

59. Vested Interests in a Positive Theory of Stagnation and Growth
    Working Papers, Stockholm - International Economic Studies View citations (11)
    See also Journal Article in Review of Economic Studies (1996)

Journal Articles

2021

1. Labour Share and Productivity Dynamics
   The Economic Journal, 2021, 131, (639), 2856-2886
   See also Working Paper (2020)
2. The welfare cost of inflation revisited: The role of financial innovation and household heterogeneity
   Journal of Monetary Economics, 2021, 118, (C), 366-380 View citations (5)
   See also Working Paper (2018)

2020

3. Demand Induced Fluctuations
   Review of Economic Dynamics, 2020, 37 Supplement 1, S99-S117 View citations (2)
   See also Software Item (2020)
4. Intergenerational Redistribution in the Great Recession
   Journal of Political Economy, 2020, 128, (10), 3730 - 3778 View citations (14)
   See also Working Paper (2014)
5. Sticky Wage Models and Labor Supply Constraints
   American Economic Journal: Macroeconomics, 2020, 12, (3), 284-318 View citations (3)

2016

6. 2013 Update on the U.S. Earnings, Income, and Wealth Distributional Facts: A View from Macroeconomics
   Quarterly Review, 2016, (April), 1-75 View citations (50)

2015

7. Demand Shocks and Open Economy Puzzles
   American Economic Review, 2015, 105, (5), 644-49 View citations (13)
   See also Working Paper (2013)
8. Tightening Financial Frictions on Households, Recessions, and Price Reallocations
   Review of Economic Dynamics, 2015, 18, (1), 118-139 View citations (13)
   See also Software Item (2014)

2014

9. Heterogeneity in Expected Longevities
   Demography, 2014, 51, (6), 2075-2102 View citations (40)
   See also Working Paper (2012)

2012

10. Constrained Efficiency in the Neoclassical Growth Model With Uninsurable Idiosyncratic Shocks
    Econometrica, 2012, 80, (6), 2431-2467 View citations (158)
    See also Working Paper (2012)
11. Life Insurance and Household Consumption
    American Economic Review, 2012, 102, (7), 3701-30 View citations (29)
    See also Working Paper (2004)
12. Methods versus substance: Measuring the effects of technology shocks
    Journal of Monetary Economics, 2012, 59, (8), 826-846 View citations (52)

2011

13. Facts on the distributions of earnings, income, and wealth in the United States: 2007 update
    Quarterly Review, 2011 View citations (112)

2010

14. Aggregate and welfare effects of redistribution of wealth under inflation and price-level targeting
    Journal of Monetary Economics, 2010, 57, (6), 637-652 View citations (49)
    See also Working Paper (2008)
15. Redistributive shocks and productivity shocks
    Journal of Monetary Economics, 2010, 57, (8), 931-948 View citations (69)

2009

16. Financial Integration, Financial Development, and Global Imbalances
    Journal of Political Economy, 2009, 117, (3), 371-416 View citations (308)
17. ON THE LIVING ARRANGEMENTS OF ELDERLY WIDOWS
    International Economic Review, 2009, 50, (3), 773-801 View citations (29)
18. Understanding the Dynamics of the Labor Share: the Role of non-Competitive Factor Prices
    Annals of Economics and Statistics, 2009, (95-96), 251-277 View citations (20)

2008

19. A finite-life private-information theory of unsecured consumer debt
    Journal of Economic Theory, 2008, 142, (1), 149-177 View citations (23)
    See also Working Paper (2007)
20. An Aggregate Economy with Different Size Houses
    Journal of the European Economic Association, 2008, 6, (2-3), 705-714 View citations (33)
21. Comment on: "Taxes, benefits, careers, and markets" by Lars Ljungqvist and Thomas J. Sargent
    Journal of Monetary Economics, 2008, 55, (1), 126-128
22. Time-Consistent Public Policy
    Review of Economic Studies, 2008, 75, (3), 789-808 View citations (187)

2007

23. A Quantitative Theory of Unsecured Consumer Credit with Risk of Default
    Econometrica, 2007, 75, (6), 1525-1589 View citations (464)
    See also Working Paper (2007)
24. On the Welfare Implications of Financial Globalization without Financial Development [with Comments]
    NBER International Seminar on Macroeconomics, 2007, 2007, (1), 283 - 322 View citations (3)
25. Social security, life insurance and annuities for families
    Journal of Monetary Economics, 2007, 54, (1), 118-140 View citations (43)
    See also Working Paper (2006)

2005

26. ON EQUILIBRIUM FOR OVERLAPPING GENERATIONS ORGANIZATIONS *
    International Economic Review, 2005, 46, (4), 1065-1080 View citations (6)
27. Optimal Time-Consistent Taxation with International Mobility Of Capital
    The B.E. Journal of Macroeconomics, 2005, 5, (1), 1-36 View citations (44)
28. The Success and Failure of Reforms in Transition Economies
    Journal of Money, Credit and Banking, 2005, 37, (1), 23-42 View citations (5)

2003

29. Accounting for the U.S. Earnings and Wealth Inequality
    Journal of Political Economy, 2003, 111, (4), 818-857 View citations (343)
30. Families As Shocks
    Journal of the European Economic Association, 2003, 1, (2-3), 671-682 View citations (61)
    See also Working Paper (2003)
31. Implementing the 35 Hour Workweek by Means of Overtime Taxation
    Review of Economic Dynamics, 2003, 6, (1), 179-206 View citations (20)
    See also Working Paper (2002)
32. Precautionary savings and wealth distribution under habit formation preferences
    Journal of Monetary Economics, 2003, 50, (6), 1257-1291 View citations (77)
    See also Working Paper (2002)
    Working Paper (2001)
33. Time-consistent optimal fiscal policy
    International Economic Review, 2003, 44, (4), 1217-1245 View citations (87)

2002

34. College Attainment of Women
    Review of Economic Dynamics, 2002, 5, (4), 965-998 View citations (15)
35. Desigualdad, ¿qué sabemos?
    Investigaciones Economicas, 2002, 26, (2), 221-254
36. Updated facts on the U.S. distributions of earnings, income, and wealth
    Quarterly Review, 2002, 26, (Sum), 2-35 View citations (105)

2001

37. Population Changes and Capital Accumulation: The Aging of the Baby Boom
    The B.E. Journal of Macroeconomics, 2001, 1, (1), 1-48 View citations (37)
38. The Research Agenda: Determinants of Inequality
    EconomicDynamics Newsletter, 2001, 3, (1)

2000

39. Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis
    Econometrica, 2000, 68, (5), 1029-1054 View citations (908)
    See also Working Paper (1997)
40. Consumption smoothing in island economies: Can public insurance reduce welfare?
    European Economic Review, 2000, 44, (7), 1225-1258 View citations (129)

1999

41. On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model
    American Economic Review, 1999, 89, (5), 1156-1181 View citations (129)
    See also Working Paper (1997)

1998

42. Exploring the income distribution business cycle dynamics
    Journal of Monetary Economics, 1998, 42, (1), 93-130 View citations (73)

1997

43. Dimensions of inequality: facts on the U.S. distributions of earnings, income, and wealth
    Quarterly Review, 1997, 21, (Spr), 3-21 View citations (71)
44. Politico-economic equilibrium and economic growth
    Journal of Economic Dynamics and Control, 1997, 21, (1), 243-272 View citations (192)
45. Understanding the U.S. distribution of wealth
    Quarterly Review, 1997, 21, (Spr), 22-36 View citations (56)

1996

46. Are consumption taxes really better than income taxes?
    Journal of Monetary Economics, 1996, 37, (3), 475-503 View citations (85)
47. Life-Cycle Economies and Aggregate Fluctuations
    Review of Economic Studies, 1996, 63, (3), 465-489 View citations (126)
48. The balance of payments and borrowing constraints: An alternative view of the Mexican crisis
    Journal of International Economics, 1996, 41, (3-4), 331-349 View citations (19)
    See also Working Paper (1996)
49. Vested Interests in a Positive Theory of Stagnation and Growth
    Review of Economic Studies, 1996, 63, (2), 301-329 View citations (235)
    See also Working Paper (1993)

1994

50. On the quantitative importance of market completeness
    Journal of Monetary Economics, 1994, 34, (3), 463-496 View citations (23)

1993

51. Working in the Market, Working at Home, and the Acquisition of Skills: A General-Equilibrium Approach
    American Economic Review, 1993, 83, (4), 893-907 View citations (49)

1992

52. Classical competitive analysis of economies with Islands
    Journal of Economic Theory, 1992, 57, (1), 73-98 View citations (14)

1986

53. Efectos de los créditos participativos públicos en la financiación de las empresas
    Investigaciones Economicas, 1986, 10, (1), 173-184

Books

2011

1. Shielding the Poor: Social Protection in the Developing World
   IDB Publications (Books), Inter-American Development Bank View citations (3)

Chapters

2009

1. On the Welfare Implications of Financial Globalization without Financial Development
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 283-312 View citations (9)
   See also Working Paper (2007)

Software Items

2020

1. Code and data files for "Demand Induced Fluctuations"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2020)

2014

2. Code and data files for "Tightening Financial Frictions on Households, Recessions, and Price Reallocations"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2015)