Alexis Akira Toda

University of California, San Diego (UCSD) - Department of Economics

Assistant Professor

9500 Gilman Drive

Mail Code 0508

La Jolla, CA 92093-0508

United States

http://https://sites.google.com/site/aatoda111/

SCHOLARLY PAPERS

16

DOWNLOADS
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4,976

SSRN CITATIONS
Rank 21,271

SSRN RANKINGS

Top 21,271

in Total Papers Citations

44

CROSSREF CITATIONS

4

Scholarly Papers (16)

1.

The Equity Premium and the One Percent

Review of Financial Studies, Vol. 33, No. 8, pp. 3583-3623, 2020
Number of pages: 65 Posted: 17 Mar 2014 Last Revised: 20 Jul 2020
Alexis Akira Toda and Kieran James Walsh
University of California, San Diego (UCSD) - Department of Economics and University of California, Santa Barbara (UCSB) - Department of Economics
Downloads 931 (31,519)
Citation 1

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equity premium, heterogeneous risk aversion, return prediction, wealth distribution, international equity markets

2.

Securitization and Leverage in General Equilibrium

Number of pages: 44 Posted: 07 Oct 2013 Last Revised: 01 Jul 2015
Alexis Akira Toda
University of California, San Diego (UCSD) - Department of Economics
Downloads 576 (60,026)

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collateral, default, efficiency, growth, moral hazard, risk sharing

3.

Bad News and Robust Comparative Statics for the Elasticity of Intertemporal Substitution

Number of pages: 39 Posted: 04 Jan 2015 Last Revised: 08 Oct 2019
Lawrence Schmidt and Alexis Akira Toda
MIT Sloan School of Management and University of California, San Diego (UCSD) - Department of Economics
Downloads 423 (87,365)

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elasticity of intertemporal substitution, optimal portfolio problem, recursive preferences

4.

Zipf's Law: A Microfoundation

Number of pages: 47 Posted: 13 Jul 2016 Last Revised: 16 May 2017
Alexis Akira Toda
University of California, San Diego (UCSD) - Department of Economics
Downloads 420 (88,066)
Citation 1

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Gibrat's law, homogeneous problem, power law

5.

Discretizing Nonlinear, Non-Gaussian Markov Processes with Exact Conditional Moments

Quantitative Economics, July 2017, Volume 8, Issue 2, pp. 651-683
Number of pages: 50 Posted: 28 Mar 2015 Last Revised: 31 Aug 2017
Leland Farmer and Alexis Akira Toda
University of Virginia and University of California, San Diego (UCSD) - Department of Economics
Downloads 416 (89,020)
Citation 5

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asset pricing models, duality, Kullback-Leibler information, numerical methods, solution accuracy

6.

The Double Power Law in Consumption and Implications for Testing Euler Equations

Journal of Political Economy, Vol. 123, No. 5, pp. 1177-1200, 2015
Number of pages: 21 Posted: 02 Sep 2013 Last Revised: 29 Oct 2015
Alexis Akira Toda and Kieran James Walsh
University of California, San Diego (UCSD) - Department of Economics and University of California, Santa Barbara (UCSB) - Department of Economics
Downloads 411 (90,343)
Citation 17

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7.

Securitized Markets, International Capital Flows, and Global Welfare

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 48 Posted: 13 Nov 2015 Last Revised: 29 Jan 2018
Gregory Phelan and Alexis Akira Toda
Williams College and University of California, San Diego (UCSD) - Department of Economics
Downloads 281 (137,258)
Citation 3

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collateralized loan obligations, endogenous risk sharing, global imbalances, gross international asset positions, safe assets

8.

Pareto Extrapolation: An Analytical Framework for Studying Tail Inequality

Number of pages: 78 Posted: 22 Oct 2018 Last Revised: 11 Jun 2020
Emilien Gouin-Bonenfant and Alexis Akira Toda
Columbia University and University of California, San Diego (UCSD) - Department of Economics
Downloads 267 (144,764)
Citation 1

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Bewley-Huggett-Aiyagari model, Pareto exponent, power law, solution accuracy, wealth tax

9.

Fat Tails and Spurious Estimation of Consumption-Based Asset Pricing Models

Journal of Applied Econometrics, Vol 32, No 6, pp 1156-1177, 2017
Number of pages: 38 Posted: 13 Sep 2014 Last Revised: 06 Nov 2017
Alexis Akira Toda and Kieran James Walsh
University of California, San Diego (UCSD) - Department of Economics and University of California, Santa Barbara (UCSB) - Department of Economics
Downloads 242 (159,457)
Citation 1

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consumption-based CAPM, generalized method of moments, heterogeneous-agent model, power law

10.

A Note on the Size Distribution of Consumption: More Double Pareto than Lognormal

Macroeconomic Dynamics, Vol 21, Issue 6, pp. 1508-1518, 2017
Number of pages: 12 Posted: 21 Dec 2014 Last Revised: 13 Dec 2017
Alexis Akira Toda
University of California, San Diego (UCSD) - Department of Economics
Downloads 225 (171,086)

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Gibrat's law, multiplicative idiosyncratic risk, inequality, power law

11.

Wealth Distribution with Random Discount Factors

Journal of Monetary Economics, Vol. 104, 2019
Number of pages: 36 Posted: 07 Nov 2017 Last Revised: 12 Oct 2020
Alexis Akira Toda
University of California, San Diego (UCSD) - Department of Economics
Downloads 214 (179,400)
Citation 2

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Bewley-Huggett-Aiyagari model, inequality, Pareto exponent, power law, random growth model

12.

Incomplete Market Dynamics and Cross-Sectional Distributions

Journal of Economic Theory, Vol. 154, 2014
Number of pages: 41 Posted: 10 Sep 2013 Last Revised: 09 Sep 2015
Alexis Akira Toda
University of California, San Diego (UCSD) - Department of Economics
Downloads 206 (185,827)
Citation 11

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applied general equilibrium analysis, emergence, incomplete markets, inequality, power law, robustness, wealth distribution

13.

Edgeworth Box Economies with Multiple Equilibria

Economic Theory Bulletin, April 2017, Volume 5, Issue 1, pp 65-80
Number of pages: 14 Posted: 08 Jun 2016 Last Revised: 29 Mar 2017
Alexis Akira Toda and Kieran James Walsh
University of California, San Diego (UCSD) - Department of Economics and University of California, Santa Barbara (UCSB) - Department of Economics
Downloads 159 (234,472)
Citation 3

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excess demand functions, multiple equilibria

14.

Asset Prices and Efficiency in a Krebs Economy

Review of Economic Dynamics, Vol. 18, No. 4, pp. 957-978, 2015
Number of pages: 32 Posted: 18 Apr 2014 Last Revised: 05 Dec 2015
Alexis Akira Toda
University of California, San Diego (UCSD) - Department of Economics
Downloads 101 (327,198)

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AK models, constrained efficiency, externality, idiosyncratic risk, incomplete markets, optimal taxation

15.

Huggett Economies with Multiple Stationary Equilibria

Journal of Economic Dynamics and Control, Vol. 84, 2017
Number of pages: 24 Posted: 15 Mar 2017 Last Revised: 06 Nov 2017
Alexis Akira Toda
University of California, San Diego (UCSD) - Department of Economics
Downloads 100 (329,344)
Citation 1

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CARA utility, income fluctuation problem, persistent-transitory representation

16.

Optimal Epidemic Control in Equilibrium with Imperfect Testing and Enforcement

FRB of Cleveland Working Paper No. 21-15
Number of pages: 60 Posted: 10 Aug 2021
Thomas Phelan and Alexis Akira Toda
Federal Reserve Banks - Federal Reserve Bank of Cleveland and University of California, San Diego (UCSD) - Department of Economics
Downloads 4 (764,549)
Citation 1

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efficiency, externalities, lockdown, perfect Bayesian equilibrium, quarantine