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

41

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1,777

SSRN CITATIONS
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Top 1,176

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158

CROSSREF CITATIONS

714

Scholarly Papers (41)

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 310 (101,380)
Citation 37

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

2.

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
University of Pennsylvania - Department of Economics, University of Rochester - Department of Economics, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 177 (176,516)
Citation 47

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Constrained efficiency, idiosyncratic risks, neoclassical growth model

3.

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 Oslo - Department of Economics, Princeton University - Department of Economics and Stockholm University
Downloads 137 (218,874)
Citation 11

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Fiscal Multipliers, Wealth Inequality, Government Spending, Taxation

4.

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, Department of Economics
Downloads 126 (233,614)
Citation 2

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5.

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 101 (273,608)
Citation 2

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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, Department of Economics
Downloads 50 (410,107)
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, Department of Economics
Downloads 32 (487,787)
Citation 2
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Inequality, institutions, labor market, skills, technological change

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 41 (445,864)

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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
Erika Färnstrand Damsgaard and Per Krusell
National Institute of Economic Research and Princeton University - Department of Economics
Downloads 24 (534,348)

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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 (667,717)
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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 56 (383,135)

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Frictional Wage Dispersion in Search Models: A Quantitative Assessment

NBER Working Paper No. w13674
Number of pages: 57 Posted: 19 Dec 2007 Last Revised: 11 Feb 2008
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University, Department of Economics
Downloads 41 (445,864)
Citation 10

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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, Department of Economics
Downloads 13 (609,046)
Citation 4

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labor market, wage inequality, search frictions, job search

10.

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 University of Zurich
Downloads 40 (440,934)
Citation 4

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

11.

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 39 (445,119)
Citation 8

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Asset pricing, markets, risk, prices

12.

Optimal Taxes on Fossil Fuel in General Equilibrium

NBER Working Paper No. w17348
Number of pages: 48 Posted: 29 Aug 2011
Princeton University - Department of Economics, Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 38 (449,279)
Citation 16

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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
Joachim Hubmer, Per Krusell and Anthony A. Smith
Yale University, Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 37 (463,656)

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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
Yale University, Princeton University - Department of Economics and Yale University - Cowles Foundation
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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: 04 Sep 2010
Princeton University - Department of Economics, Georgetown University - Department of Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 35 (472,891)

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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, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 2 (695,143)
Citation 3
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Labor Market Frictions, Labor Supply, Taxes

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 20 (560,697)

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

Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting

CEPR Discussion Paper No. 2693
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 14 (601,940)
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Quasi-Geometric Discounting, Time Inconsistency, Welfare

16.
Downloads 33 (471,089)
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 20 (560,697)

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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
Per Krusell and Leena Rudanko
Princeton University - Department of Economics and Boston University - Department of Economics
Downloads 13 (609,046)

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17.

Time Consistent Public Expenditures

CEPR Discussion Paper No. 4582
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 32 (475,739)
Citation 4
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Time-consistency, optimal taxation, Markov-perfect equilibrium

18.

Energy-Saving Technical Change

NBER Working Paper No. w18456
Number of pages: 41 Posted: 13 Oct 2012 Last Revised: 16 Oct 2014
John Hassler, Per Krusell and Conny Olovsson
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Sveriges Riksbank
Downloads 29 (490,494)

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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: 30 Jan 2012
John Hassler and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 26 (521,743)
Citation 2

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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 3 (684,311)
Citation 1
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climate, dynamic, integrated assessment, regional, stochastic

20.

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 27 (501,131)

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21.

Vintage Capital as an Origin of Inequalities

CEPR Discussion Paper No. 3596
Number of pages: 66 Posted: 14 Jul 2003
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University, Department of Economics
Downloads 26 (506,739)
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Vintage capital, wage inequality, unemployment, labour share, vacancy heterogeneity

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: 04 Apr 2008
Princeton University - Department of Economics, Georgetown University - Department of Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 25 (512,312)
Citation 1

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23.

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, Department of Economics
Downloads 23 (523,992)
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Mean-min ratio, search, wage dispersion

24.

On the Optimal Timing of Taxes

CEPR Discussion Paper No. 4731
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 University of Zurich
Downloads 21 (535,920)
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Optimal taxation, tax dynamics, time-consistency, capital depreciation

25.

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 17 (560,419)
Citation 2

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

26.

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, Department of Economics
Downloads 16 (566,481)
Citation 4

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labor market, wage inequality, search frictions, job search

27.

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, Department of Economics
Downloads 16 (566,481)
Citation 11

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

28.

Is Labor Supply Important for Business Cycles?

NBER Working Paper No. w17779
Number of pages: 58 Posted: 27 Jan 2012
Princeton University - Department of Economics, Georgetown University - Department of Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 16 (566,481)
Citation 1

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

NBER Working Paper No. w23423
Number of pages: 63 Posted: 24 May 2017
Northwestern University, Princeton University - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 15 (594,726)
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
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Citation 1
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commodities, Oil, volatility

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 Aug 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 15 (594,726)

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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)
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Citation 2
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Heterogeneous Agents, inequality, Monetary Transmission, New Keynesian Model

31.

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 15 (572,726)

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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: 05 Sep 2010
Princeton University - Department of Economics, Georgetown University - Department of Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 13 (609,046)

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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, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 2 (695,143)
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labour market frictions, labour Supply, taxes

33.

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, Department of Economics
Downloads 15 (572,726)
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Creative destruction, inequality, technical change, unemployment, upgrading

34.

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, Department of Economics
Downloads 13 (585,676)

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creative destruction, inequality, technical change, unemployment, upgrading

Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations

NBER Working Paper No. w15282
Number of pages: 49 Posted: 25 Aug 2009 Last Revised: 01 Oct 2009
Princeton University - Department of Economics, Georgetown University - Department of Economics and Federal Reserve Bank of New York
Downloads 11 (623,645)

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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 2 (695,143)
Citation 5
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heterogenous agents, incomplete markets, matching

36.

Median-Voter Equilibria in the Neoclassical Growth Model under Aggregation

Scandinavian Journal of Economics, Vol. 108, No. 4, pp. 587-606, December 2006
Number of pages: 20 Posted: 03 Jan 2007
SUNY Stony Brook - Department of Economics, CUNY Lehman College and Princeton University - Department of Economics
Downloads 11 (598,902)
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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
Timo Boppart and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 10 (630,811)

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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 0
Citation 3
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balanced growth, hours worked, Kaldor facts, Labor Supply, preferences

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: 20 Jan 2018
Timo Boppart, Per Krusell and Kurt Mitman
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and IIES
Downloads 7 (652,728)

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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 IIES
Downloads 0
Citation 5
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computation, Heterogeneous Agents, linearization, MIT shock.

39.

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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40.

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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41.

Income and Wealth Heterogeneity in the Macroeconomy

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

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