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
Rank 12,132

SSRN RANKINGS

Top 12,132

in Total Papers Downloads

3,826

CITATIONS
Rank 28,756

SSRN RANKINGS

Top 28,756

in Total Papers Citations

8

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 Virginia - Darden School of Business
Downloads 576 (45,202)
Citation 1

Abstract:

Loading...

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 526 (50,770)
Citation 1

Abstract:

Loading...

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 381 (75,251)

Abstract:

Loading...

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 Virginia - Darden School of Business
Downloads 374 (76,835)
Citation 1

Abstract:

Loading...

5.

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

Number of pages: 25 Posted: 04 Jan 2015 Last Revised: 06 May 2018
Lawrence Schmidt and Alexis Akira Toda
MIT Sloan School of Management and University of California, San Diego (UCSD) - Department of Economics
Downloads 352 (82,524)

Abstract:

Loading...

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 326 (90,038)

Abstract:

Loading...

Gibrat's law, homogeneous problem, power law

7.

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 Virginia - Darden School of Business
Downloads 228 (131,124)

Abstract:

Loading...

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

8.

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 227 (131,674)

Abstract:

Loading...

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

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 202 (147,146)

Abstract:

Loading...

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 182 (161,905)
Citation 2

Abstract:

Loading...

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

11.

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 128 (217,240)

Abstract:

Loading...

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

12.

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 Virginia - Darden School of Business
Downloads 118 (230,916)

Abstract:

Loading...

excess demand functions, multiple equilibria

13.

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 84 (289,942)
Citation 3

Abstract:

Loading...

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

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 71 (319,739)

Abstract:

Loading...

CARA utility, income fluctuation problem, persistent-transitory representation

15.

Pareto Extrapolation: Bridging Theoretical and Quantitative Models of Wealth Inequality

Number of pages: 61 Posted: 22 Oct 2018 Last Revised: 15 May 2019
Emilien Gouin-Bonenfant and Alexis Akira Toda
University of California, San Diego (UCSD) and University of California, San Diego (UCSD) - Department of Economics
Downloads 51 (376,456)

Abstract:

Loading...

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