Jess Benhabib

New York University - Leonard N. Stern School of Business - Department of Economics

Professor

269 Mercer Street

7th Floor

New York, NY 10003

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

39

DOWNLOADS
Rank 21,064

SSRN RANKINGS

Top 21,064

in Total Papers Downloads

3,026

SSRN CITATIONS
Rank 1,287

SSRN RANKINGS

Top 1,287

in Total Papers Citations

438

CROSSREF CITATIONS

526

Scholarly Papers (39)

1.

Chaotic Interest Rate Rules

Number of pages: 21 Posted: 19 Aug 2001
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 386 (97,251)
Citation 2

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Taylor rules, chaos, periodic equilibria

2.

Human Capital and Technology Diffusion

FRB of San Francisco Working Paper No. 2003-02
Number of pages: 49 Posted: 29 Dec 2004
Jess Benhabib and Mark M. Spiegel
New York University - Leonard N. Stern School of Business - Department of Economics and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 374 (101,131)
Citation 58

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Human capital, technology diffusion

Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability

PIER Working Paper No. 03-005
Number of pages: 42 Posted: 22 Feb 2003
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 293 (130,974)
Citation 4

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Backward Looking Taylor Rules, Endogenous Cycles, Sticky Prices

Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability

NBER Working Paper No. w9558
Number of pages: 42 Posted: 15 Mar 2003 Last Revised: 15 Aug 2021
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 29 (598,509)
Citation 4

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Backward-Looking Interest Rate Rules, Interest Rate Smoothing and Macroeconomic Instability

Number of pages: 45 Posted: 06 Aug 2003
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 16 (695,627)
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Backward-looking Taylor rules, endogenous cycles, sticky prices

4.
Downloads 309 (124,333)
Citation 114

Avoiding Liquidity Traps

Number of pages: 32 Posted: 12 Jan 2000
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 284 (135,298)
Citation 7

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Avoiding Liquidity Traps

Number of pages: 44 Posted: 20 Sep 2001
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 25 (626,118)
Citation 22
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Taylor rules, liquidity traps, zero-bound on nominal interest rates

Avoiding Liquidity Traps

Journal of Political Economy, Vol. 110, June 2002
Posted: 30 Jul 2002
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics

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5.

The Perils of Taylor Rules

Number of pages: 30 Posted: 20 Aug 1999
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 207 (185,195)
Citation 93

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Financial Markets, the Real Economy, and Self-Fulfilling Uncertainties

Journal of Finance, Forthcoming
Number of pages: 54 Posted: 07 Mar 2017 Last Revised: 16 Jan 2019
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 190 (200,134)
Citation 2

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Information production, Strategic complementarity, Real economy, Two-way learning, Economic uncertainty

Financial Markets, the Real Economy, and Self-Fulfilling Uncertainties

NBER Working Paper No. w24984
Number of pages: 65 Posted: 17 Sep 2018 Last Revised: 08 Oct 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 9 (754,988)
Citation 12

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7.

Monetary Policy and Multiple Equilibria

Board of Governors of the Federal Reserve System, FEDS No. (98-29)
Number of pages: 23 Posted: 14 Aug 1998
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 153 (240,978)
Citation 42

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Sentiments, Financial Markets, and Macroeconomic Fluctuations

Journal of Financial Economics (JFE), Vol. 120, No. 2, 2016
Number of pages: 45 Posted: 09 Feb 2015 Last Revised: 18 Sep 2016
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 126 (281,711)
Citation 4

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Sentiments, Asset Prices, Feedback, Real Economy, Self-fulfilling Equilibrium

Sentiments, Financial Markets, and Macroeconomic Fluctuations

NBER Working Paper No. w21294
Number of pages: 52 Posted: 22 Jun 2015 Last Revised: 08 Sep 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 22 (648,630)
Citation 2

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9.

Redistribution, Taxes, and the Median Voter

FRB of Chicago Working Paper No. 2006-02
Number of pages: 24 Posted: 10 Mar 2006
Marco Bassetto and Jess Benhabib
Federal Reserve Bank of Chicago and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 144 (253,191)
Citation 10

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Redistribution, Median Voter, Capital Income Taxes, Gorman Aggregation

10.

Moderate Inflation and the Deflation-Depression Link

Federal Reserve Bank of San Francisco Working Paper No. 2006-32
Number of pages: 20 Posted: 05 Aug 2007
Jess Benhabib and Mark M. Spiegel
New York University - Leonard N. Stern School of Business - Department of Economics and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 71 (404,996)

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inflation, growth, empirics

Liquidity Traps and Expectation Dynamics: Fiscal Stimulus or Fiscal Austerity?

Bank of Finland Research Discussion Paper No. 27/2012
Number of pages: 37 Posted: 10 Nov 2012
New York University - Leonard N. Stern School of Business - Department of Economics, University of Oregon - Department of Economics and Centre for Economic Policy Research (CEPR)Aalto University School of Business
Downloads 41 (530,257)

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adaptive learning, monetary policy, fiscal policy, zero interest rate lower bound

Liquidity Traps and Expectation Dynamics: Fiscal Stimulus or Fiscal Austerity?

NBER Working Paper No. w18114
Number of pages: 33 Posted: 26 May 2012 Last Revised: 01 Jul 2021
New York University - Leonard N. Stern School of Business - Department of Economics, University of Oregon - Department of Economics and Centre for Economic Policy Research (CEPR)Aalto University School of Business
Downloads 18 (679,799)
Citation 3

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12.
Downloads 55 (460,136)
Citation 20

Optimal Migration: A World Perspective

NBER Working Paper No. w12871
Number of pages: 32 Posted: 31 Jan 2007 Last Revised: 03 Sep 2021
Jess Benhabib and Boyan Jovanovic
New York University - Leonard N. Stern School of Business - Department of Economics and New York University - Department of Economics
Downloads 54 (471,366)
Citation 2

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Optimal Migration: A World Perspective

International Economic Review, Vol. 53, Issue 2, pp. 321-348, 2012
Number of pages: 28 Posted: 23 May 2012
Jess Benhabib and Boyan Jovanovic
New York University - Leonard N. Stern School of Business - Department of Economics and New York University - Department of Economics
Downloads 1 (830,200)
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Self-Fulfilling Risk Panics: An Expected Utility Framework

NYU Stern School of Business Forthcoming
Number of pages: 26 Posted: 21 Jan 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 50 (488,202)

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Self-Fulfilling Risk Panics: An Expected Utility Framework

NBER Working Paper No. w28284, NYU Stern School of Business Forthcoming
Number of pages: 27 Posted: 28 Dec 2020 Last Revised: 14 Oct 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and Peking University HSBC Business School
Downloads 2 (817,008)
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14.

Homework in Macoreconomics I: Basic Theory (Part I of Ii)

NBER Working Paper No. w3344
Number of pages: 87 Posted: 26 May 2004 Last Revised: 21 Feb 2021
Jess Benhabib, Randall Wright and Richard Rogerson
New York University - Leonard N. Stern School of Business - Department of Economics, University of Wisconsin - Madison - Department of Finance, Investment and Banking and Arizona State University (ASU) - Economics Department
Downloads 45 (501,266)

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15.

Skewed Wealth Distributions: Theory and Empirics

NBER Working Paper No. w21924
Number of pages: 48 Posted: 25 Jan 2016 Last Revised: 29 May 2021
Jess Benhabib and Alberto Bisin
New York University - Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics
Downloads 43 (510,203)
Citation 29

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16.

Endogenous Information Acquisition and Countercyclical Uncertainty

Journal of Economic Theory, Vol. 165, 2016
Number of pages: 49 Posted: 19 Sep 2016
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 40 (524,212)
Citation 1

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Information acquisition, Countercyclical uncertainty, Strategic complementarity and substitutability, Resource misallocation

17.
Downloads 38 (533,925)
Citation 1

Uncertainty and Sentiment-Driven Equilibria

FRB of St. Louis Working Paper No. 2013-011A
Number of pages: 24 Posted: 11 Mar 2013
Jess Benhabib, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 27 (611,907)

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Keynesian Self-fulfilling Equilibria, Sentiments, Extrinsic Uncertainty, Sunspots

Uncertainty and Sentiment-Driven Equilibria

NBER Working Paper No. w18878
Number of pages: 25 Posted: 31 Jul 2013 Last Revised: 31 Jan 2021
Jess Benhabib, Pengfei Wang, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, Peking University HSBC Business School, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 11 (737,805)

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18.
Downloads 35 (549,408)
Citation 52

Sentiments and Aggregate Demand Fluctuations

FRB of St. Louis Working Paper No. 2012-039B
Number of pages: 38 Posted: 24 Sep 2012 Last Revised: 26 Sep 2014
Jess Benhabib, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 21 (656,261)

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Keynesian Self-fulfilling, Equilibria, Sentiments, Sunspots

Sentiments and Aggregate Demand Fluctuations

NBER Working Paper No. w18413
Number of pages: 38 Posted: 22 Sep 2012 Last Revised: 25 Apr 2021
Jess Benhabib, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 14 (712,263)
Citation 18

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19.

Chaotic Interest Rate Rules: Expanded Version

NBER Working Paper No. w10272
Number of pages: 21 Posted: 31 Jan 2004 Last Revised: 28 Jul 2021
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 35 (549,408)
Citation 4

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20.

Reestablishing the Income-Democracy Nexus

NBER Working Paper No. w16832
Number of pages: 31 Posted: 28 Feb 2011 Last Revised: 30 Jun 2021
Jess Benhabib, Alejandro Corvalan and Mark M. Spiegel
New York University - Leonard N. Stern School of Business - Department of Economics, Universidad Diego Portales - Facultad de Economía y Empresa and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 33 (560,159)

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21.

Externalities and Growth Accounting

NBER Working Paper No. w3190
Number of pages: 64 Posted: 18 Sep 2007 Last Revised: 20 Sep 2021
Jess Benhabib and Boyan Jovanovic
New York University - Leonard N. Stern School of Business - Department of Economics and New York University - Department of Economics
Downloads 27 (595,164)

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22.

Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier

NBER Working Paper No. w23095
Number of pages: 33 Posted: 30 Jan 2017 Last Revised: 08 Oct 2021
Jess Benhabib, Jesse Perla and Christopher Tonetti
New York University - Leonard N. Stern School of Business - Department of Economics, University of British Columbia (UBC) and New York University (NYU)
Downloads 26 (601,566)
Citation 6

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23.

Wealth Distribution and Social Mobility in the Us: A Quantitative Approach

NBER Working Paper No. w21721
Number of pages: 36 Posted: 16 Nov 2015 Last Revised: 09 May 2021
Jess Benhabib, Alberto Bisin and Mi Luo
New York University - Leonard N. Stern School of Business - Department of Economics, New York University (NYU) - Department of Economics and New York University (NYU)
Downloads 26 (601,566)
Citation 30

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24.

The Distribution of Wealth and Fiscal Policy in Economies with Finitely Lived Agents

NBER Working Paper No. w14730
Number of pages: 35 Posted: 21 Feb 2009 Last Revised: 07 Oct 2021
Jess Benhabib and Alberto Bisin
New York University - Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics
Downloads 26 (601,566)
Citation 34

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25.

A Note on Regime Switching, Monetary Policy, and Multiple Equilibria

NBER Working Paper No. w14770
Number of pages: 13 Posted: 05 Mar 2009 Last Revised: 12 May 2021
Jess Benhabib
New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 25 (608,160)

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26.

Learning, Large Deviations and Rare Events

NBER Working Paper No. w16816
Number of pages: 46 Posted: 28 Feb 2011
Jess Benhabib and Chetan Dave
New York University - Leonard N. Stern School of Business - Department of Economics and University of Alberta - Department of Economics
Downloads 23 (621,799)
Citation 2

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27.

The Anatomy of Sentiment-Driven Fluctuations

NBER Working Paper No. w23136
Number of pages: 41 Posted: 07 Feb 2017 Last Revised: 23 Jul 2021
Sushant Acharya, Jess Benhabib and Zhen Huo
Federal Reserve Banks - Federal Reserve Bank of New York, New York University - Leonard N. Stern School of Business - Department of Economics and Yale University - Department of Economics
Downloads 21 (635,783)

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28.

Age, Luck, and Inheritance

NBER Working Paper No. w14128
Number of pages: 64 Posted: 30 Jun 2008 Last Revised: 09 Aug 2021
Jess Benhabib and Shenghao Zhu
New York University - Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics
Downloads 19 (650,041)

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29.

The Wealth Distribution in Bewley Models with Investment Risk

NBER Working Paper No. w20157
Number of pages: 35 Posted: 28 Jul 2014 Last Revised: 31 Jul 2021
Jess Benhabib, Alberto Bisin and Shenghao Zhu
New York University - Leonard N. Stern School of Business - Department of Economics, New York University (NYU) - Department of Economics and New York University (NYU) - Department of Economics
Downloads 13 (694,640)

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30.

Catch-Up and Fall-Back Through Innovation and Imitation

NBER Working Paper No. w18091
Number of pages: 33 Posted: 19 May 2012 Last Revised: 07 Jun 2021
Jess Benhabib, Jesse Perla and Christopher Tonetti
New York University - Leonard N. Stern School of Business - Department of Economics, University of British Columbia (UBC) and New York University (NYU)
Downloads 13 (694,640)
Citation 8

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31.

Adverse Selection and Self-Fulfilling Business Cycles

NBER Working Paper No. w20642
Number of pages: 52 Posted: 03 Nov 2014 Last Revised: 28 May 2021
Jess Benhabib, Feng Dong and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, Tsinghua University - School of Economics and Management and HKUST, Department of Economics
Downloads 10 (718,137)
Citation 2

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32.

Financial Constraints, Endogenous Markups, and Self-Fulfilling Equilibria

NBER Working Paper No. w18074
Number of pages: 29 Posted: 12 May 2012 Last Revised: 22 May 2021
Jess Benhabib and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics and HKUST, Department of Economics
Downloads 10 (718,137)
Citation 8

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33.

Sentiments and Economic Activity: Evidence from U.S. States

NBER Working Paper No. w23899
Number of pages: 40 Posted: 09 Oct 2017 Last Revised: 21 Oct 2021
Jess Benhabib and Mark M. Spiegel
New York University - Leonard N. Stern School of Business - Department of Economics and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 8 (734,020)
Citation 8

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34.

Private Information and Sunspots in Sequential Asset Markets

NBER Working Paper No. w20044
Number of pages: 25 Posted: 14 Apr 2014 Last Revised: 09 Oct 2021
Jess Benhabib and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics and HKUST, Department of Economics
Downloads 8 (734,020)

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35.

Optimal Positive Capital Taxes at Interior Steady States

NBER Working Paper No. w25895
Number of pages: 38 Posted: 07 Jun 2019 Last Revised: 04 Apr 2021
Jess Benhabib and Balint Szoke
New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 7 (741,806)
Citation 1

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36.

Persistence of Business Cycles in Multisector RBC Models

New York University WP 97-19
Posted: 02 Mar 1998
New York University - Leonard N. Stern School of Business - Department of Economics, Board of Governors of the Federal Reserve System and University of Maryland - Department of Economics

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37.

On Cycles and Chaos in Economics

STUDIES IN NONLINEAR DYNAMICS AND ECONOMETRICS, Vol. 1, No. 1
Posted: 28 Apr 1997
Jess Benhabib
New York University - Leonard N. Stern School of Business - Department of Economics

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38.

Indeterminacy and Sector-Specific Externalities

CEPR Discussion Paper Series 1403
Posted: 06 Jan 1997
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick

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39.

The Monetary Transmission Mechanism

CEPR Discussion Paper Series No. 1404
Posted: 16 Dec 1996
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Los Angeles (UCLA) - Department of EconomicsUniversity of Warwick

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