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

42

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Top 1,144

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243

CROSSREF CITATIONS

712

Scholarly Papers (42)

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 313 (104,767)
Citation 40

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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 179 (182,046)
Citation 51

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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 146 (216,284)
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 130 (237,135)
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 (284,417)
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 51 (421,683)
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 (505,911)
Citation 6
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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 43 (453,822)

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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 (553,985)

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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 (692,199)
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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: 11 Feb 2008
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University, Department of Economics
Downloads 41 (462,466)
Citation 19

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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 17 (602,427)
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 57 (394,220)

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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 42 (448,999)
Citation 8

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Asset pricing, markets, risk, prices

11.

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 (457,343)
Citation 4

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

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 39 (471,522)

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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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13.

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 39 (461,550)
Citation 26

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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 (490,474)

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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 (720,466)
Citation 4
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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 23 (560,676)
Citation 2

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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 (624,032)
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Quasi-Geometric Discounting, Time Inconsistency, Welfare

16.

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 35 (479,183)

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17.
Downloads 34 (483,809)
Citation 3

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 21 (574,302)
Citation 1

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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 (631,365)

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18.

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 (493,439)
Citation 6
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Time-consistency, optimal taxation, Markov-perfect equilibrium

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 28 (528,548)
Citation 4

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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 (709,270)
Citation 3
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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 28 (514,210)

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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 (525,403)
Citation 1

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22.

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 (525,403)
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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 (543,398)
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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 (555,818)
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Optimal taxation, tax dynamics, time-consistency, capital depreciation

25.

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 18 (574,827)
Citation 4

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labor market, wage inequality, search frictions, job search

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 17 (602,427)
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

27.

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 (581,279)
Citation 2

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

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 16 (609,319)

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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 8
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Heterogeneous Agents, inequality, Monetary Transmission, New Keynesian Model

29.

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 (587,526)
Citation 15

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

30.

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 (587,526)
Citation 1

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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 (594,000)

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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 (631,365)

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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 (720,466)
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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 (594,000)
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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 (607,414)

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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 (646,500)

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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 (720,466)
Citation 7
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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 (621,183)
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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 (653,855)

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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 6
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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 (676,674)

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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 9
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computation, Heterogeneous Agents, linearization, MIT shock.

39.

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 (700,660)
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40.

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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41.

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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42.

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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