Per Krusell

Princeton University - Department of Economics

111 Fisher Hall

Princeton, NJ

United States

http://rincewind.iies.su.se/%7Ekrusell/

Stockholm University - Institute for International Economic Studies (IIES)

Stockholm, SE-10691

Sweden

http://rincewind.iies.su.se/%7Ekrusell/

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

SCHOLARLY PAPERS

49

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3,649

TOTAL CITATIONS
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Top 872

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507

Scholarly Papers (49)

1.

Temptation and Taxation

Number of pages: 29 Posted: 30 Mar 2004 Last Revised: 14 Sep 2010
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation
Downloads 356 (176,585)
Citation 43

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consumption and saving, temptation, self-control, tax policy

2.

Fiscal Multipliers in the 21st Century

Robert Schuman Centre for Advanced Studies Research Paper No. 2014/119
Number of pages: 54 Posted: 09 Dec 2014 Last Revised: 08 Sep 2015
Nova School of Business and Economics, University of Delaware - Economics, Princeton University - Department of Economics and Stockholm University
Downloads 242 (264,289)
Citation 16

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Fiscal Multipliers, Wealth Inequality, Government Spending, Taxation

3.

Unemployment and Vacancy Fluctuations in the Matching Model: Inspecting the Mechanism

FRB Richmond Economic Quarterly, vol. 91, no. 3, Summer 2005, pp. 19-51
Number of pages: 33 Posted: 06 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 240 (266,424)
Citation 4

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4.

Constrained Efficiency in the Neoclassical Growth Model with Uninsurable Idiosyncractic Shocks

PIER Working Paper No. 05-023
Number of pages: 52 Posted: 26 Aug 2005
Nazarbayev University, University of Rochester - Department of Economics, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 230 (277,669)
Citation 90

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Constrained efficiency, idiosyncratic risks, neoclassical growth model

The Effects of Technical Change on Labor Market Inequalities

FRB Richmond Working Paper No. 04-08
Number of pages: 130 Posted: 05 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 192 (327,998)
Citation 2

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inequality, institutions, labor markets, skills, technological change

The Effects of Technical Change on Labor Market Inequalities

CEPR Discussion Paper No. 5025
Number of pages: 132 Posted: 12 Sep 2005
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 33 (980,306)
Citation 9
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Inequality, institutions, labor market, skills, technological change

6.

How Much can Taxation Alleviate Temptation and Self-Control Problems?

Number of pages: 39 Posted: 12 Sep 2010
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation
Downloads 168 (370,868)
Citation 3

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The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy

IFN Working Paper No. 850
Number of pages: 39 Posted: 18 Oct 2010
Erika Färnstrand Damsgaard and Per Krusell
National Institute of Economic Research and Princeton University - Department of Economics
Downloads 71 (692,576)

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Growth, Inequality

The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy

NBER Working Paper No. w16375
Number of pages: 39 Posted: 20 Sep 2010 Last Revised: 31 Mar 2023
Erika Färnstrand Damsgaard and Per Krusell
National Institute of Economic Research and Princeton University - Department of Economics
Downloads 54 (797,498)

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The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy

CEPR Discussion Paper No. DP8022
Number of pages: 41 Posted: 14 Nov 2010
Erika Färnstrand Damsgaard and Per Krusell
National Institute of Economic Research and Princeton University - Department of Economics
Downloads 5 (1,326,288)
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growth, inequality

8.

News Shocks and Business Cycles

FRB Richmond Economic Quarterly, vol. 96, no. 4, Fourth Quarter 2010, pp. 373-397
Number of pages: 25 Posted: 16 Dec 2012
Per Krusell and Alisdair McKay
Princeton University - Department of Economics and Boston University - Department of Economics
Downloads 126 (468,777)
Citation 3

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9.

On the Optimal Timing of Capital Taxes

University of Zurich, Institute for Empirical Research in Economics Working Paper Series No. 343
Number of pages: 37 Posted: 13 Dec 2007
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics, University of Oslo - Department of Economics and Centre for Economic Policy Research (CEPR)Yale University
Downloads 123 (477,750)
Citation 7

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Asset depreciation, Human capital, Optimal taxation, Oscillations, State-contingent taxes, Tax dynamics

10.

The Political Economy of Labor Subsidies

FRB Richmond Working Paper No. 06-09
Number of pages: 24 Posted: 07 Dec 2012
SUNY Stony Brook - Department of Economics, CUNY Lehman College and Princeton University - Department of Economics
Downloads 121 (483,882)
Citation 2

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commitment, median voter theorem, Markov equilibrium, time consistency, labor subsidies, aggregation

Frictional Wage Dispersion in Search Models: A Quantitative Assessment

NBER Working Paper No. w13674
Number of pages: 57 Posted: 19 Dec 2007 Last Revised: 13 Nov 2022
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 71 (692,576)
Citation 57

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Frictional Wage Dispersion in Search Models: A Quantitative Assessment

FRB Richmond Working Paper No. 06-07
Number of pages: 51 Posted: 07 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 44 (875,661)
Citation 5

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labor market, wage inequality, search frictions, job search

12.

Optimal Taxes on Fossil Fuel in General Equilibrium

NBER Working Paper No. w17348
Number of pages: 48 Posted: 29 Aug 2011 Last Revised: 28 May 2023
Princeton University - Department of Economics, Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Yale UniversityYale University - Cowles Foundation
Downloads 91 (591,294)
Citation 55

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13.

Energy-Saving Technical Change

NBER Working Paper No. w18456
Number of pages: 41 Posted: 13 Oct 2012 Last Revised: 07 Jun 2023
John Hassler, Per Krusell and Conny Olovsson
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Sveriges Riksbank
Downloads 84 (620,748)
Citation 2

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14.
Downloads 83 (625,048)
Citation 2

Unions in a Frictional Labor Market

FRB of Philadelphia Working Paper No. 16-7
Number of pages: 28 Posted: 04 Mar 2016
Leena Rudanko and Per Krusell
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Princeton University - Department of Economics
Downloads 51 (819,459)
Citation 2

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Labor unions, Frictional labor markets, Time inconsistency, Limited commitment

Unions in a Frictional Labor Market

NBER Working Paper No. w18218
Number of pages: 28 Posted: 14 Jul 2012 Last Revised: 13 Apr 2023
Per Krusell and Leena Rudanko
Princeton University - Department of Economics and Boston University - Department of Economics
Downloads 32 (990,712)

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The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation

NBER Working Paper No. w23011
Number of pages: 37 Posted: 03 Jan 2017 Last Revised: 18 May 2023
Joachim Hubmer, Per Krusell and Anthony A. Smith
University of Pennsylvania - Department of Economics, Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 80 (647,269)
Citation 2

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The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation

CEPR Discussion Paper No. DP11743
Number of pages: 38 Posted: 09 Jan 2017
Joachim Hubmer, Per Krusell and Anthony A. Smith
University of Pennsylvania - Department of Economics, Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 0
Citation 3
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Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting

Journal of Economic Theory Journal of Economic Theory, Vol. 105, pp. 42-72, July 2002
Number of pages: 31 Posted: 13 Sep 2010
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation
Downloads 64 (732,425)
Citation 4

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quasi-geometric discounting, Markov equilibrium, taxation, time-consistent policy

Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting

Number of pages: 33 Posted: 28 Feb 2001
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation
Downloads 16 (1,190,774)
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Quasi-Geometric Discounting, Time Inconsistency, Welfare

17.

Asset Trading and Valuation with Uncertain Exposure

FRB Richmond Working Paper No. 14-05
Number of pages: 62 Posted: 07 Mar 2014
Indiana University Bloomington, Princeton University - Department of Economics and Stanford University
Downloads 75 (660,956)
Citation 7

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Asset pricing, markets, risk, prices

18.
Downloads 66 (707,252)
Citation 2

A World Equilibrium Model of the Oil Market

NBER Working Paper No. w23423
Number of pages: 58 Posted: 24 May 2017 Last Revised: 16 Jan 2023
Northwestern University, Princeton University - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 48 (842,613)
Citation 1

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Lags, Costs and Shocks: An Equilibrium Model of the Oil Industry

CEPR Discussion Paper No. DP12047
Number of pages: 55 Posted: 15 May 2017
Northwestern University, Princeton University - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 18 (1,163,006)
Citation 1
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commodities, Oil, volatility

Economics and Climate Change: Integrated Assessment in a Multi-Region World

NBER Working Paper No. w17757
Number of pages: 28 Posted: 21 Jan 2012 Last Revised: 08 Jan 2023
John Hassler and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 62 (744,684)
Citation 20

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Economics and Climate Change: Integrated Assessment in a Multi-Region World

CEPR Discussion Paper No. DP8771
Number of pages: 29 Posted: 20 Jan 2012
John Hassler and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 4 (1,334,047)
Citation 4
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climate, dynamic, integrated assessment, regional, stochastic

A Three State Model of Worker Flows in General Equilibrium

NBER Working Paper No. w15251
Number of pages: 50 Posted: 18 Aug 2009 Last Revised: 05 Mar 2023
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 58 (770,054)
Citation 3

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A Three State Model of Worker Flows in General Equilibrium

CEPR Discussion Paper No. DP7425
Number of pages: 52 Posted: 08 Sep 2009
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 4 (1,334,047)
Citation 3
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Labor Market Frictions, Labor Supply, Taxes

21.

Implications of the Capital-Embodiment Revolution for Directed R&D and Wage Inequality

FRB Richmond Economic Quarterly, Vol. 89, No. 4, Fall 2003, pp. 25-50
Number of pages: 26 Posted: 05 Dec 2012
Andreas Hornstein and Per Krusell
Federal Reserve Bank of Richmond and Princeton University - Department of Economics
Downloads 60 (741,533)

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22.

Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions

NBER Working Paper No. w13871
Number of pages: 43 Posted: 19 Mar 2008 Last Revised: 27 Nov 2022
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 60 (741,533)
Citation 1

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Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective

NBER Working Paper No. w22215
Number of pages: 80 Posted: 09 May 2016 Last Revised: 15 Mar 2023
Timo Boppart and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 54 (797,498)
Citation 40

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Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective

CEPR Discussion Paper No. DP11235
Number of pages: 78 Posted: 25 Apr 2016
Timo Boppart and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 2 (1,348,394)
Citation 11
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balanced growth, hours worked, Kaldor facts, Labor Supply, preferences

24.

Technical Appendix for 'Frictional Wage Dispersion in Search Models: A Quantitative Assessment'

FRB Richmond Working Paper No. 2006-08
Number of pages: 17 Posted: 10 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 55 (773,178)
Citation 4

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labor market, wage inequality, search frictions, job search

The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective

NBER Working Paper No. w22418
Number of pages: 26 Posted: 18 Jul 2016 Last Revised: 03 Apr 2023
Stockholm University, Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Stockholm University - Institute for International Economic Studies (IIES)
Downloads 52 (811,993)

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The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective

CEPR Discussion Paper No. DP11382
Number of pages: 28 Posted: 11 Jul 2016
Stockholm University, Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Stockholm University - Institute for International Economic Studies (IIES)
Downloads 0
Citation 27
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Heterogeneous Agents, inequality, Monetary Transmission, New Keynesian Model

26.

Technology-Policy Interaction in Frictional Labor Markets

FRB Richmond Working Paper No. 06-10
Number of pages: 49 Posted: 07 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 48 (822,315)
Citation 16

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embodied technical change, vintage capital, search, labor market policies, unemployment

Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations

NBER Working Paper No. w15282
Number of pages: 49 Posted: 25 Aug 2009 Last Revised: 05 Apr 2023
Princeton University - Department of Economics, Georgetown University - Department of Economics and Federal Reserve Bank of New York
Downloads 44 (875,661)

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Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations

CEPR Discussion Paper No. DP7429
Number of pages: 51 Posted: 08 Sep 2009
Princeton University - Department of Economics, Georgetown University - Department of Economics and Federal Reserve Bank of New York
Downloads 4 (1,334,047)
Citation 12
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heterogenous agents, incomplete markets, matching

28.

The Replacement Problem in Frictional Economies: A Near-Equivalence Result

FRB Richmond Working Paper No. 05-01
Number of pages: 56 Posted: 06 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 47 (829,932)

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creative destruction, inequality, technical change, unemployment, upgrading

29.

The IT Revolution: Is It Evident in the Productivity Numbers?

FRB Richmond Economic Quarterly, Vol. 86, No. 4, Fall 2000, pp. 49-78
Number of pages: 30 Posted: 28 Nov 2012
Andreas Hornstein and Per Krusell
Federal Reserve Bank of Richmond and Princeton University - Department of Economics
Downloads 46 (837,777)

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Exploiting Mit Shocks in Heterogeneous-Agent Economies: The Impulse Response as a Numerical Derivative

NBER Working Paper No. w24138
Number of pages: 55 Posted: 28 Dec 2017 Last Revised: 16 Jun 2023
Timo Boppart, Per Krusell and Kurt Mitman
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Stockholm University
Downloads 44 (875,661)
Citation 1

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Exploiting MIT Shocks in Heterogeneous-Agent Economies: The Impulse Response as a Numerical Derivative

CEPR Discussion Paper No. DP12520
Number of pages: 57 Posted: 02 Jan 2018
Timo Boppart, Per Krusell and Kurt Mitman
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Stockholm University
Downloads 0
Citation 9
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computation, Heterogeneous Agents, linearization, MIT shock.

Aggregate Labor Market Outcomes: The Role of Choice and Chance

NBER Working Paper No. w15252
Number of pages: 40 Posted: 18 Aug 2009 Last Revised: 06 Mar 2022
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 34 (969,926)
Citation 7

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Aggregate Labor Market Outcomes: The Role of Choice and Chance

CEPR Discussion Paper No. DP7435
Number of pages: 42 Posted: 07 Oct 2009
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 4 (1,334,047)
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labour market frictions, labour Supply, taxes

32.

Is Labor Supply Important for Business Cycles?

NBER Working Paper No. w17779
Number of pages: 58 Posted: 27 Jan 2012 Last Revised: 30 Jan 2022
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 37 (914,319)
Citation 1

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33.

Time Consistent Public Expenditures

Number of pages: 47 Posted: 20 Oct 2004
University of Western Ontario - Department of Economics, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 34 (942,890)
Citation 14
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Time-consistency, optimal taxation, Markov-perfect equilibrium

34.

Identity Capital and Wealth Accumulation

Number of pages: 42 Posted: 11 Jun 2024
Per Krusell, Agneta Berge and Fredrik Paues
Princeton University - Department of Economics, Stockholm University and Stockholm University - Department of Economics
Downloads 31 (972,830)

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identity, saving, capital accumulation, portfolio choice

35.

Integrated Epi-Econ Assessment

NBER Working Paper No. w28282
Number of pages: 81 Posted: 28 Dec 2020 Last Revised: 12 Apr 2023
Stockholm University - Institute for International Economic Studies (IIES), Copenhagen Business School, Stockholm University, Princeton University - Department of Economics and NHH Norwegian School of Economics - Department of Economics
Downloads 31 (972,830)
Citation 4

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36.

Vintage Capital as an Origin of Inequalities

Number of pages: 66 Posted: 14 Jul 2003
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 29 (994,092)
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Vintage capital, wage inequality, unemployment, labour share, vacancy heterogeneity

37.

Climate Change Around the World

NBER Working Paper No. w30338
Number of pages: 160 Posted: 08 Aug 2022 Last Revised: 25 May 2023
Per Krusell and Anthony A. Smith
Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 28 (1,005,047)
Citation 10

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38.

Frictional Wage Dispersion in Search Models: A Quantitative Approach

CEPR Discussion Paper No. 5935
Number of pages: 53 Posted: 03 Jan 2007
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 25 (1,038,954)
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Mean-min ratio, search, wage dispersion

39.

Gross Worker Flows and Fluctuations in the Aggregate Labor Market

NBER Working Paper No. w26878
Number of pages: 55 Posted: 23 Mar 2020 Last Revised: 11 Jun 2023
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and University of Texas at Austin
Downloads 22 (1,074,978)
Citation 2

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40.

On the Optimal Timing of Taxes

Number of pages: 43 Posted: 31 Jan 2005
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics, University of Oslo - Department of Economics and Centre for Economic Policy Research (CEPR)Yale University
Downloads 22 (1,074,978)
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Optimal taxation, tax dynamics, time-consistency, capital depreciation

41.

The Macroeconomics of Intensive Agriculture

NBER Working Paper No. w31101
Number of pages: 68 Posted: 10 Apr 2023 Last Revised: 25 Jun 2023
Stockholm University - Institute for International Economic Studies (IIES), University of Minnesota, Princeton University - Department of Economics and University of Minnesota
Downloads 19 (1,112,625)

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42.

The Replacement Problem in Frictional Economies: An 'Equivalence Result'

CEPR Discussion Paper No. 5026
Number of pages: 58 Posted: 12 Sep 2005
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 17 (1,138,088)
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Creative destruction, inequality, technical change, unemployment, upgrading

43.

Fiscal Multipliers: A Heterogenous-Agent Perspective

NBER Working Paper No. w28366
Number of pages: 22 Posted: 27 Jan 2021 Last Revised: 05 Jul 2023
Tobias Broer, Per Krusell and Erik Öberg
Stockholm University, Princeton University - Department of Economics and Uppsala University
Downloads 16 (1,151,060)

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44.

Macroeconomic Dynamics with Rigid Wage Contracts

NBER Working Paper No. w29540
Number of pages: 24 Posted: 06 Dec 2021 Last Revised: 16 Apr 2023
Stockholm University, BI Norwegian Business School, Princeton University - Department of Economics and Uppsala University
Downloads 15 (1,163,966)

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45.

Who Should Work How Much?

NBER Working Paper No. w32977
Number of pages: 64 Posted: 24 Sep 2024 Last Revised: 25 Sep 2024
Timo Boppart, Per Krusell and Jonna Olsson
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and NHH Norwegian School of Economics - Department of Economics
Downloads 6 (1,265,033)
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46.

Macroeconomic Dynamics with Rigid Wage Contracts

CEPR Discussion Paper No. DP16764
Number of pages: 26 Posted: 04 Feb 2022
Paris School of Economics (PSE), BI Norwegian Business School, Princeton University - Department of Economics and Uppsala University
Downloads 0 (1,305,584)
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47.

The Consequences of Uncertainty: Climate Sensitivity and Economic Sensitivity to the Climate

Annual Review of Economics, Vol. 10, pp. 189-205, 2018
Posted: 07 Sep 2018
John Hassler, Conny Olovsson and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES), Sveriges Riksbank and Princeton University - Department of Economics

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48.

Time Orientation and Asset Prices

Journal of Monetary Economics, Vol. 49, No. 1, pp. 107-135, January 2002
Posted: 15 Sep 2010
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation

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49.

Income and Wealth Heterogeneity in the Macroeconomy

Posted: 30 Dec 1998
Per Krusell and Anthony A. Smith
Princeton University - Department of Economics and Yale University - Cowles Foundation

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