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

44

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1,936

SSRN CITATIONS
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426

CROSSREF CITATIONS

711

Scholarly Papers (44)

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 314 (116,424)
Citation 43

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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 182 (198,504)
Citation 61

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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 150 (233,711)
Citation 16

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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 142 (244,470)
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 111 (293,682)
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 55 (447,445)
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 (554,895)
Citation 9
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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 46 (484,432)

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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 25 (599,546)

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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 (755,970)
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growth, inequality

Frictional Wage Dispersion in Search Models: A Quantitative Assessment

NBER Working Paper No. w13674
Number of pages: 57 Posted: 19 Dec 2007 Last Revised: 14 May 2021
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University, Department of Economics
Downloads 42 (502,936)
Citation 36

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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 21 (628,322)
Citation 5

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labor market, wage inequality, search frictions, job search

9.

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 62 (415,916)
Citation 2

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10.

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 44 (484,174)
Citation 7

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Asset pricing, markets, risk, prices

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 41 (507,689)

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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
Downloads 0
Citation 1
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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 41 (497,382)
Citation 55

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13.

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 Yale University
Downloads 40 (501,884)
Citation 7

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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 26 (592,555)
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 14 (681,946)
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Quasi-Geometric Discounting, Time Inconsistency, Welfare

15.
Downloads 38 (511,120)
Citation 4

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 24 (606,567)
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: 12 Apr 2021
Per Krusell and Leena Rudanko
Princeton University - Department of Economics and Boston University - Department of Economics
Downloads 14 (681,946)

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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 35 (538,127)
Citation 7

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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 (773,960)
Citation 5
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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 2021
Princeton University - Department of Economics, Georgetown University - Department of Economics, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 36 (532,628)
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, Arizona State University (ASU) - Economics Department and Federal Reserve Bank of New York
Downloads 2 (785,405)
Citation 6
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Labor Market Frictions, Labor Supply, Taxes

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 37 (515,859)
Citation 2

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19.

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 32 (541,280)
Citation 14
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Time-consistency, optimal taxation, Markov-perfect equilibrium

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 30 (552,033)

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21.

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 26 (575,834)
Citation 1

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22.

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, Department of Economics
Downloads 26 (575,834)
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Vintage capital, wage inequality, unemployment, labour share, vacancy heterogeneity

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 (595,109)
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Mean-min ratio, search, wage dispersion

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, Department of Economics
Downloads 21 (608,458)
Citation 4

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labor market, wage inequality, search frictions, job search

25.

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 Yale University
Downloads 21 (608,458)
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Optimal taxation, tax dynamics, time-consistency, capital depreciation

The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective

NBER Working Paper No. w22418
Number of pages: 26 Posted: 18 Jul 2016 Last Revised: 04 Apr 2021
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 19 (643,185)

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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 17
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Heterogeneous Agents, inequality, Monetary Transmission, New Keynesian Model

27.
Downloads 18 (628,830)
Citation 4

A World Equilibrium Model of the Oil Market

NBER Working Paper No. w23423
Number of pages: 58 Posted: 24 May 2017 Last Revised: 03 Feb 2021
Northwestern University, Princeton University - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 18 (650,767)
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 0
Citation 1
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commodities, Oil, volatility

28.

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 18 (628,830)
Citation 2

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

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 Stockholm University
Downloads 17 (658,410)
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 16
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computation, Heterogeneous Agents, linearization, MIT shock.

30.

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 17 (635,777)
Citation 16

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

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 16 (666,049)

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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 12
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balanced growth, hours worked, Kaldor facts, Labor Supply, preferences

32.

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 16 (642,746)

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33.

Is Labor Supply Important for Business Cycles?

NBER Working Paper No. w17779
Number of pages: 58 Posted: 27 Jan 2012 Last Revised: 30 Jan 2021
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 (642,746)
Citation 1

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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: 06 Mar 2021
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 (690,034)

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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 (785,405)
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labour market frictions, labour Supply, taxes

35.

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 (649,984)
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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 12 (698,190)

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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 (785,405)
Citation 12
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heterogenous agents, incomplete markets, matching

37.

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 (664,638)

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creative destruction, inequality, technical change, unemployment, upgrading

38.

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 (679,481)
Citation 2
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39.

Integrated Epi-Econ Assessment

NBER Working Paper No. w28282
Number of pages: 81 Posted: 28 Dec 2020
Stockholm University - Institute for International Economic Studies (IIES), Copenhagen Business School, Stockholm University, Princeton University - Department of Economics and University of Edinburgh
Downloads 7 (709,655)

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40.

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: 15 Jun 2020
Princeton University - Department of Economics, Georgetown University - Department of Economics, Arizona State University (ASU) - Economics Department and University of Texas at Austin
Downloads 1 (763,805)
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41.

Fiscal Multipliers: A Heterogenous-Agent Perspective

NBER Working Paper No. w28366
Number of pages: 22 Posted: 27 Jan 2021 Last Revised: 30 Jan 2021
Tobias Broer, Per Krusell and Erik Öberg
Stockholm University, Princeton University - Department of Economics and Uppsala University
Downloads 0 (781,551)
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42.

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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43.

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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44.

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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