September, 2005
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
Married, three children
Member Fluffy Bunny Track Club and Team Runners High
Ph.D. Economics, 1988
Graduate School of Business, Stanford University.
BA Economics, 1983
Yale University
Professor, November 2000
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, American Economic Review 2003-present
Coeditor,
Associate Editor, Journal of Money Credit and Banking
Research Associate,
National Bureau of Economics Research
"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, forthcoming
Papers in Progress:
“The advantage of transparent instruments of monetary policy”, with Patrick J. Kehoe. (Revise and resubmit, Quarterly Journal of Economics) Old version at NBER working paper #8681
“The transition to a new economy following the Second Industrial Revolution” with Patrick J. Kehoe, (Revise and resubmit, American Economic Review) Old version at NBER working paper #8676
“Paths of Development for Early and Late Bloomers in a Dynamic Hecksher-Ohlin Model”, with Patrick J. Kehoe, (Revise and resubmit, Quarterly Journal of Economics) Federal Reserve Bank of Minneapolis Staff Report #256
“On
the sluggish response of prices to money in an inventory theoretic model of
money demand” with
"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. NBER working paper #11083
“Trade Costs, Pricing to Market, and International Relative Prices”, with Ariel Burstein, mimeo
Older working papers:
“Industry Evolution and Transition: A Neoclassical Benchmark”, with Patrick J. Kehoe, NBER working paper #6005
Grants and Awards:
National Science Foundation Grants:
1991-1993 with Robert E. Lucas, Jr.
1992-1994 with Masao Ogaki
1995-1997 with Patrick Kehoe
1997-2000
2000-2003 with Fernando Alvarez
2005-2008 with Ariel Burstein
Alfred P. Sloan Foundation Research Fellowship, 1995-1997