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

15

DOWNLOADS
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Top 11,835

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4,342

SSRN CITATIONS
Rank 29,257

SSRN RANKINGS

Top 29,257

in Total Papers Citations

23

CROSSREF CITATIONS

3

Scholarly Papers (15)

1.

The Equity Premium and the One Percent

Number of pages: 65 Posted: 17 Mar 2014 Last Revised: 31 May 2018
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 655 (42,827)

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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 558 (52,681)

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

3.

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 396 (80,255)
Citation 4

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

4.

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 395 (80,483)
Citation 6

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5.

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 385 (82,917)

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elasticity of intertemporal substitution, optimal portfolio problem, recursive preferences

6.

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 382 (83,697)

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Gibrat's law, homogeneous problem, power law

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 264 (125,641)
Citation 2

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

8.

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 236 (140,678)

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

9.

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 210 (157,276)

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

10.

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 194 (169,361)
Citation 9

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

11.

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 177 (183,871)
Citation 1

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

12.

Wealth Distribution with Random Discount Factors

Journal of Monetary Economics, Forthcoming
Number of pages: 36 Posted: 07 Nov 2017 Last Revised: 16 Sep 2018
Alexis Akira Toda
University of California, San Diego (UCSD) - Department of Economics
Downloads 172 (188,556)
Citation 2

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

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 141 (222,506)
Citation 1

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excess demand functions, multiple equilibria

14.

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 89 (308,533)
Citation 1

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CARA utility, income fluctuation problem, persistent-transitory representation

15.

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 88 (310,802)

Abstract:

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