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

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

SCHOLARLY PAPERS

38

DOWNLOADS
Rank 25,634

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Top 25,634

in Total Papers Downloads

1,367

CITATIONS
Rank 2,146

SSRN RANKINGS

Top 2,146

in Total Papers Citations

260

Scholarly Papers (38)

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 267 (82,568)
Citation 13

Abstract:

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 155 (140,000)
Citation 7

Abstract:

Constrained efficiency, idiosyncratic risks, neoclassical growth model

3.

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 69 (242,301)
Citation 1

Abstract:

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 (378,921)
Citation 22

Abstract:

Inequality, institutions, labor market, skills, technological change

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 20 (439,346)
Citation 22

Abstract:

inequality, institutions, labor markets, skills, technological change

5.

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
European University Institute, University of Oslo - Department of Economics, Princeton University - Department of Economics and Stockholm University
Downloads 50 (217,624)

Abstract:

Fiscal Multipliers, Wealth Inequality, Government Spending, Taxation

Frictional Wage Dispersion in Search Models: A Quantitative Assessment

NBER Working Paper No. w13674
Number of pages: 57 Posted: 19 Dec 2007
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University, Department of Economics
Downloads 39 (352,232)
Citation 30

Abstract:

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 7 (512,432)
Citation 30

Abstract:

labor market, wage inequality, search frictions, job search

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 20 (439,346)

Abstract:

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 18 (450,577)

Abstract:

Growth, Inequality

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 (522,717)

Abstract:

growth, inequality

8.

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 36 (286,271)
Citation 28

Abstract:

A Three State Model of Worker Flows in General Equilibrium

NBER Working Paper No. w15251
Number of pages: 50 Posted: 18 Aug 2009
Princeton University - Department of Economics, University of Virginia - Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 33 (374,908)
Citation 4

Abstract:

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, University of Virginia - Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 2 (539,507)
Citation 4

Abstract:

Labor Market Frictions, Labor Supply, Taxes

10.

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 (369,961)
Citation 20

Abstract:

Time-consistency, optimal taxation, Markov-perfect equilibrium

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

NBER Working Paper No. w23011
Number of pages: 37 Posted: 03 Jan 2017
Yale University, Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 31 (383,064)

Abstract:

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

CEPR Discussion Paper No. DP11743
Number of pages: 38 Posted: 09 Jan 2017
Yale University, Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 0

Abstract:

12.

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 31 (366,235)
Citation 4

Abstract:

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

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 17 (456,343)
Citation 19

Abstract:

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 (473,430)
Citation 19

Abstract:

Quasi-Geometric Discounting, Time Inconsistency, Welfare

14.

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 26 (366,235)

Abstract:

15.

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 (395,313)
Citation 7

Abstract:

Vintage capital, wage inequality, unemployment, labour share, vacancy heterogeneity

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

NBER Working Paper No. w17757
Number of pages: 28 Posted: 21 Jan 2012
John Hassler and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 21 (433,632)
Citation 1

Abstract:

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 (532,960)
Citation 1

Abstract:

climate, dynamic, integrated assessment, regional, stochastic

17.

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 (409,589)
Citation 25

Abstract:

Mean-min ratio, search, wage dispersion

18.

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 (419,628)
Citation 4

Abstract:

Optimal taxation, tax dynamics, time-consistency, capital depreciation

19.

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 19 (390,605)
Citation 13

Abstract:

20.

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

NBER Working Paper No. w13871
Number of pages: 43 Posted: 19 Mar 2008
Princeton University - Department of Economics, University of Virginia - Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 18 (414,587)
Citation 10

Abstract:

21.

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 15 (369,961)
Citation 2

Abstract:

Asset pricing, markets, risk, prices

22.

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 (450,104)
Citation 4

Abstract:

Creative destruction, inequality, technical change, unemployment, upgrading

Aggregate Labor Market Outcomes: The Role of Choice and Chance

NBER Working Paper No. w15252
Number of pages: 40 Posted: 18 Aug 2009
Princeton University - Department of Economics, University of Virginia - Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 11 (490,517)
Citation 2

Abstract:

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, University of Virginia - Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 2 (539,507)
Citation 2

Abstract:

labour market frictions, labour Supply, taxes

24.
Downloads 11 (470,514)

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 8 (507,100)

Abstract:

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 3 (532,960)

Abstract:

25.

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 (470,514)
Citation 8

Abstract:

The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective

NBER Working Paper No. w22418
Number of pages: 26 Posted: 18 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 10 (496,123)

Abstract:

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

Abstract:

Heterogeneous Agents, inequality, Monetary Transmission, New Keynesian Model

27.

Energy-Saving Technical Change

NBER Working Paper No. w18456
Number of pages: 41 Posted: 13 Oct 2012
John Hassler, Per Krusell and Conny Olovsson
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Sveriges Riksbank
Downloads 9 (445,047)
Citation 4

Abstract:

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, University of Virginia - Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 9 (465,389)
Citation 2

Abstract:

29.

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 8 (455,272)
Citation 3

Abstract:

30.

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 8 (465,389)
Citation 2

Abstract:

31.

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 7 (470,514)
Citation 2

Abstract:

labor market, wage inequality, search frictions, job search

32.

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 7 (470,514)

Abstract:

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

33.

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 7 (490,168)
Citation 9

Abstract:

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
Princeton University - Department of Economics, University of Virginia - Economics and Federal Reserve Bank of New York
Downloads 5 (522,717)
Citation 10

Abstract:

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, University of Virginia - Economics and Federal Reserve Bank of New York
Downloads 2 (539,507)
Citation 10

Abstract:

heterogenous agents, incomplete markets, matching

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 6 (517,579)

Abstract:

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

Abstract:

balanced growth, hours worked, Kaldor facts, Labor Supply, preferences

36.

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 3 (490,168)
Citation 4

Abstract:

creative destruction, inequality, technical change, unemployment, upgrading

37.

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

Abstract:

38.

Income and Wealth Heterogeneity in the Macroeconomy

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

Abstract: