October, 2008
My CV in PDF here and HTML is in sections below.
Go to Papers in Progress to download pdf versions of recent working papers.
Addresses, Personal, Education, Employment, Publications, Papers in Progress, Grants and Awards
To reach me send e-mail to
Bunche Hall 9381
Department of Economics
UCLA
Box 951477
Los Angeles, CA 90095-1477
(866) 312-9770
U.S. Citizen
Date of Birth: July 1, 1961
Member Fluffy Bunny Track Club
Ph.D. Economics, 1988
Graduate School of Business, Stanford University.
BA Economics, 1983
Yale University
Stanley Zimmerman Professor
of Eonomics of Finance 2006-present
Professor, 2000-present
Department of Economics, UCLA
Economist, 1998-2000
Federal Reserve Bank of Minneapolis
Associate Professor, 1997-1999
Department of Economics, University of Minnesota
Assistant Professor, 1993-1997
Department of Economics, University of Pennsylvania
Assistant Professor, 1988-1994
Department of Economics, University of Chicago
Member, Board of Editors, Journal of Economic Literature 2007-present
Associate Editor, Quarterly Journal of Economics 2006-present
Coeditor, Journal of International Economics, 2001-2004
Associate Editor, Journal of Money, Credit, and Banking
Panelist, National Science Foundation Economics Program 2007-present
Research Associate,
National Bureau of Economics Research
Fellow, Econometric Society
"International Lending with Moral Hazard and Risk of Repudiation", Econometrica, vol. 59, number 4 (July) 1991, pp. 1069-1089.
"On Efficient Distribution with Private Information", with Robert E. Lucas, Jr., Review of Economic Studies, vol. 59 (July) 1993, pp.427-453.
"Do Private Capital Markets Insure Regional Risk? Evidence from the United States and Europe", with Tamim Bayoumi, Open Economies Review, vol. 4, 1993, pp. 303-324.
Discussion of Giles St. Paul's "On the Political Economy of Labor Market Flexibility" in NBER Macroeconomic Annual 1993.
"Reconsidering the Cost of Business Cycles with Incomplete Markets", with Christopher Phelan, NBER Macroeconomic Annual, 1994
"Efficiency and Equality in a Simple Model of Unemployment Insurance", with Robert E. Lucas, Jr., Journal of Economic Theory, 1995, vol. 66, no. 1 (June), pp. 64-88
"Are Data on Industry Evolution and Job Turnover Relevant for Macro-economics?", with Aubhik Khan and Lee Ohanian, Carnegie Rochester Conference Series on Public Policy, vol. 44, (June ) 1996, pp. 215-250.
"Social Insurance and Transition", with Patrick J. Kehoe, International Economic Review, vol. 37, no. 2, 1996, pp. 377-401.
"Wealth Varying Intertemporal Elasticities of Substitution: Evidence from Panel and Aggregate Data", with Masao Ogaki , Journal of Monetary Economics, 1996, vol. 38, no. 3, pp. 507-534.
"The Balance of Payments and Borrowing Constraints: An Alternative View of the Mexican Crisis", with Jose Victor Rios-Rull, Journal of International Economics, 1996, vol. 41 no. 3-4, pp. 331-349
"The Rate of Time Preference, The Intertemporal Elasticity of Substitution, and the Level of Wealth", with Masao Ogaki. Review of Economics and Statistics, 1997, vol. 79, no. 4, pp. 564-572.
"Money and Exchange Rates in the Grossman-Weiss Rotemberg Model", with Fernando Alvarez, Journal of Monetary Economics, 1997, vol. 40, no. 3, pp.619-40.
"Models of Energy Use: Putty-Putty versus Putty-Clay", with Patrick J. Kehoe. American Economic Review, 1999, vol. 89, no. 4, September pp. 1028-43.
"Taxing
Capital Income: A Bad Idea", with V.V. Chari and
Discussion of Stephen Morris and Hyun Song Shin's "Rethinking multiple equilibria in macroeconomic modeling" in NBER Macroeconomic Annual 2000
"Are
Phillips curves useful for forecasting inflation?" with
"Money,
interest rates, and exchange rates in endogenously segmented markets",
with
"On
the optimal degree of discretion in monetary policy" with
"Modeling
and Measuring Organization Capital", with Patrick J. Kehoe, Journal
of Political Economy, October 2005, Vol. 113, no. 5, pp. 1026-1053.
"Modeling
the transition to a new economy: lessons from two technological
revolutions" with Patrick J. Kehoe. American Economic Review, March
2007, Vol. 97, no 1. pp. 64-88
"If Exchange Rates are Random Walks, then almost everything we say about monetary policy is wrong" with Fernando Alvarez and Patrick Kehoe. American Economic Review, Papers and Proceedings. May 2007.
"Pricing to Market in a
Ricardian Model of International Trade" with Ariel Burstein. American Economic Review, Papers and
Proceedings. May 2007
"Pricing
to Market, Trade Costs, and International Relative Prices", with
Ariel Burstein, forthcoming, American
Economic Review
"On
the Need for a New Approach to Analyzing Monetary Policy", with
Patrick J. Kehoe. NBER Macroeconomics
Annual. Forthcoming.
Papers in Progress:
"Paths
of Development for Early and Late Bloomers in a Dynamic Hecksher-Ohlin
Model", with Patrick J. Kehoe,
"Sluggish responses of prices and inflation to monetary shocks in an inventory model of money demand," with Fernando Alvarez and Chris Edmond
"Time varying risk, interest rates, and exchange rates in general equilibrium" with Fernando Alvarez and Patrick Kehoe.
"A
Dynamic Theory of Optimal Capital Structure and Executive
Compensation"
with Harold L. Cole.
"Innovation, firm dynamics, and international trade", with Ariel Burstein
"Sophisticated Monetary Policies" with V.V. Chari and Patrick J. Kehoe.
Grants and Awards:
National Science Foundation Grants1991-1993 with Robert E. Lucas, Jr.
1992-1994 with Masao Ogaki
1995-1997 with Patrick Kehoe
1997-2000
2000-2004 with Fernando Alvarez
2005-2008 with Ariel Burstein
2006-2009 with Harold Cole
Alfred P. Sloan Foundation Research Fellowship, 1995-1997