Per Krusell

Princeton University - Department of Economics

111 Fisher Hall

Princeton, NJ

United States

http://rincewind.iies.su.se/%7Ekrusell/

Stockholm University - Institute for International Economic Studies (IIES)

Stockholm, SE-10691

Sweden

http://rincewind.iies.su.se/%7Ekrusell/

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

SCHOLARLY PAPERS

47

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3,085

SSRN CITATIONS
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Top 896

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996

CROSSREF CITATIONS

659

Scholarly Papers (47)

1.

Temptation and Taxation

Number of pages: 29 Posted: 30 Mar 2004 Last Revised: 14 Sep 2010
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation
Downloads 346 (160,223)
Citation 43

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consumption and saving, temptation, self-control, tax policy

2.

Unemployment and Vacancy Fluctuations in the Matching Model: Inspecting the Mechanism

FRB Richmond Economic Quarterly, vol. 91, no. 3, Summer 2005, pp. 19-51
Number of pages: 33 Posted: 06 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 224 (249,490)
Citation 4

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3.

Constrained Efficiency in the Neoclassical Growth Model with Uninsurable Idiosyncractic Shocks

PIER Working Paper No. 05-023
Number of pages: 52 Posted: 26 Aug 2005
Nazarbayev University, University of Rochester - Department of Economics, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 211 (263,832)
Citation 75

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Constrained efficiency, idiosyncratic risks, neoclassical growth model

4.

Fiscal Multipliers in the 21st Century

Robert Schuman Centre for Advanced Studies Research Paper No. 2014/119
Number of pages: 54 Posted: 09 Dec 2014 Last Revised: 08 Sep 2015
Nova School of Business and Economics, University of Delaware - Economics, Princeton University - Department of Economics and Stockholm University
Downloads 199 (278,340)
Citation 16

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Fiscal Multipliers, Wealth Inequality, Government Spending, Taxation

5.

How Much can Taxation Alleviate Temptation and Self-Control Problems?

Number of pages: 39 Posted: 12 Sep 2010
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation
Downloads 158 (340,873)
Citation 3

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The Effects of Technical Change on Labor Market Inequalities

FRB Richmond Working Paper No. 04-08
Number of pages: 130 Posted: 05 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 88 (529,506)
Citation 2

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inequality, institutions, labor markets, skills, technological change

The Effects of Technical Change on Labor Market Inequalities

CEPR Discussion Paper No. 5025
Number of pages: 132 Posted: 12 Sep 2005
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 32 (857,267)
Citation 9
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Inequality, institutions, labor market, skills, technological change

7.

News Shocks and Business Cycles

FRB Richmond Economic Quarterly, vol. 96, no. 4, Fourth Quarter 2010, pp. 373-397
Number of pages: 25 Posted: 16 Dec 2012
Per Krusell and Alisdair McKay
Princeton University - Department of Economics and Boston University - Department of Economics
Downloads 118 (431,327)
Citation 3

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The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy

IFN Working Paper No. 850
Number of pages: 39 Posted: 18 Oct 2010
Erika Färnstrand Damsgaard and Per Krusell
National Institute of Economic Research and Princeton University - Department of Economics
Downloads 61 (654,669)

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Growth, Inequality

The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy

NBER Working Paper No. w16375
Number of pages: 39 Posted: 20 Sep 2010 Last Revised: 31 Mar 2023
Erika Färnstrand Damsgaard and Per Krusell
National Institute of Economic Research and Princeton University - Department of Economics
Downloads 46 (748,036)

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The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy

CEPR Discussion Paper No. DP8022
Number of pages: 41 Posted: 14 Nov 2010
Erika Färnstrand Damsgaard and Per Krusell
National Institute of Economic Research and Princeton University - Department of Economics
Downloads 5 (1,125,362)
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growth, inequality

Frictional Wage Dispersion in Search Models: A Quantitative Assessment

NBER Working Paper No. w13674
Number of pages: 57 Posted: 19 Dec 2007 Last Revised: 13 Nov 2022
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 68 (617,711)
Citation 59

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Frictional Wage Dispersion in Search Models: A Quantitative Assessment

FRB Richmond Working Paper No. 06-07
Number of pages: 51 Posted: 07 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 42 (776,953)
Citation 5

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labor market, wage inequality, search frictions, job search

10.

On the Optimal Timing of Capital Taxes

University of Zurich, Institute for Empirical Research in Economics Working Paper Series No. 343
Number of pages: 37 Posted: 13 Dec 2007
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics, University of Oslo - Department of Economics and Centre for Economic Policy Research (CEPR)Yale University
Downloads 85 (535,685)
Citation 7

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Asset depreciation, Human capital, Optimal taxation, Oscillations, State-contingent taxes, Tax dynamics

11.
Downloads 77 (567,883)
Citation 8

Unions in a Frictional Labor Market

FRB of Philadelphia Working Paper No. 16-7
Number of pages: 28 Posted: 04 Mar 2016
Leena Rudanko and Per Krusell
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Princeton University - Department of Economics
Downloads 48 (734,421)
Citation 2

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Labor unions, Frictional labor markets, Time inconsistency, Limited commitment

Unions in a Frictional Labor Market

NBER Working Paper No. w18218
Number of pages: 28 Posted: 14 Jul 2012 Last Revised: 13 Apr 2023
Per Krusell and Leena Rudanko
Princeton University - Department of Economics and Boston University - Department of Economics
Downloads 29 (883,821)

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12.

The Political Economy of Labor Subsidies

FRB Richmond Working Paper No. 06-09
Number of pages: 24 Posted: 07 Dec 2012
SUNY Stony Brook - Department of Economics, CUNY Lehman College and Princeton University - Department of Economics
Downloads 76 (572,249)
Citation 2

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commitment, median voter theorem, Markov equilibrium, time consistency, labor subsidies, aggregation

13.

Optimal Taxes on Fossil Fuel in General Equilibrium

NBER Working Paper No. w17348
Number of pages: 48 Posted: 29 Aug 2011 Last Revised: 28 May 2023
Princeton University - Department of Economics, Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Yale UniversityYale University - Cowles Foundation
Downloads 75 (576,502)
Citation 55

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14.

Energy-Saving Technical Change

NBER Working Paper No. w18456
Number of pages: 41 Posted: 13 Oct 2012 Last Revised: 07 Jun 2023
John Hassler, Per Krusell and Conny Olovsson
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Sveriges Riksbank
Downloads 72 (589,690)
Citation 2

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The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation

NBER Working Paper No. w23011
Number of pages: 37 Posted: 03 Jan 2017 Last Revised: 18 May 2023
Joachim Hubmer, Per Krusell and Anthony A. Smith
University of Pennsylvania - Department of Economics, Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 71 (603,007)
Citation 2

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The Historical Evolution of the Wealth Distribution: A Quantitative-Theoretic Investigation

CEPR Discussion Paper No. DP11743
Number of pages: 38 Posted: 09 Jan 2017
Joachim Hubmer, Per Krusell and Anthony A. Smith
University of Pennsylvania - Department of Economics, Princeton University - Department of Economics and Yale University - Cowles Foundation
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Citation 3
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16.

Asset Trading and Valuation with Uncertain Exposure

FRB Richmond Working Paper No. 14-05
Number of pages: 62 Posted: 07 Mar 2014
Indiana University Bloomington, Princeton University - Department of Economics and Stanford University
Downloads 71 (594,326)
Citation 7

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Asset pricing, markets, risk, prices

Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting

Journal of Economic Theory Journal of Economic Theory, Vol. 105, pp. 42-72, July 2002
Number of pages: 31 Posted: 13 Sep 2010
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation
Downloads 52 (707,959)
Citation 4

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quasi-geometric discounting, Markov equilibrium, taxation, time-consistent policy

Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting

Number of pages: 33 Posted: 28 Feb 2001
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation
Downloads 14 (1,036,838)
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Quasi-Geometric Discounting, Time Inconsistency, Welfare

Economics and Climate Change: Integrated Assessment in a Multi-Region World

NBER Working Paper No. w17757
Number of pages: 28 Posted: 21 Jan 2012 Last Revised: 08 Jan 2023
John Hassler and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 62 (649,216)
Citation 17

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Economics and Climate Change: Integrated Assessment in a Multi-Region World

CEPR Discussion Paper No. DP8771
Number of pages: 29 Posted: 20 Jan 2012
John Hassler and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 3 (1,141,996)
Citation 4
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climate, dynamic, integrated assessment, regional, stochastic

19.
Downloads 59 (653,618)
Citation 11

A World Equilibrium Model of the Oil Market

NBER Working Paper No. w23423
Number of pages: 58 Posted: 24 May 2017 Last Revised: 16 Jan 2023
Northwestern University, Princeton University - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 46 (748,036)
Citation 1

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Lags, Costs and Shocks: An Equilibrium Model of the Oil Industry

CEPR Discussion Paper No. DP12047
Number of pages: 55 Posted: 15 May 2017
Northwestern University, Princeton University - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 13 (1,047,554)
Citation 1
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commodities, Oil, volatility

A Three State Model of Worker Flows in General Equilibrium

NBER Working Paper No. w15251
Number of pages: 50 Posted: 18 Aug 2009 Last Revised: 05 Mar 2023
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 56 (683,474)
Citation 3

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A Three State Model of Worker Flows in General Equilibrium

CEPR Discussion Paper No. DP7425
Number of pages: 52 Posted: 08 Sep 2009
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 2 (1,150,335)
Citation 3
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Labor Market Frictions, Labor Supply, Taxes

21.

Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions

NBER Working Paper No. w13871
Number of pages: 43 Posted: 19 Mar 2008 Last Revised: 27 Nov 2022
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 53 (687,173)
Citation 1

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22.

Implications of the Capital-Embodiment Revolution for Directed R&D and Wage Inequality

FRB Richmond Economic Quarterly, Vol. 89, No. 4, Fall 2003, pp. 25-50
Number of pages: 26 Posted: 05 Dec 2012
Andreas Hornstein and Per Krusell
Federal Reserve Bank of Richmond and Princeton University - Department of Economics
Downloads 49 (711,520)

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The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective

NBER Working Paper No. w22418
Number of pages: 26 Posted: 18 Jul 2016 Last Revised: 03 Apr 2023
Stockholm University, Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Stockholm University - Institute for International Economic Studies (IIES)
Downloads 46 (748,036)

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The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective

CEPR Discussion Paper No. DP11382
Number of pages: 28 Posted: 11 Jul 2016
Stockholm University, Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Stockholm University - Institute for International Economic Studies (IIES)
Downloads 0
Citation 27
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Heterogeneous Agents, inequality, Monetary Transmission, New Keynesian Model

24.

Technical Appendix for 'Frictional Wage Dispersion in Search Models: A Quantitative Assessment'

FRB Richmond Working Paper No. 2006-08
Number of pages: 17 Posted: 10 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 45 (737,222)
Citation 4

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labor market, wage inequality, search frictions, job search

Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations

NBER Working Paper No. w15282
Number of pages: 49 Posted: 25 Aug 2009 Last Revised: 05 Apr 2023
Princeton University - Department of Economics, Georgetown University - Department of Economics and Federal Reserve Bank of New York
Downloads 43 (769,597)

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Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations

CEPR Discussion Paper No. DP7429
Number of pages: 51 Posted: 08 Sep 2009
Princeton University - Department of Economics, Georgetown University - Department of Economics and Federal Reserve Bank of New York
Downloads 2 (1,150,335)
Citation 12
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heterogenous agents, incomplete markets, matching

Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective

NBER Working Paper No. w22215
Number of pages: 80 Posted: 09 May 2016 Last Revised: 15 Mar 2023
Timo Boppart and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 43 (769,597)
Citation 26

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Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective

CEPR Discussion Paper No. DP11235
Number of pages: 78 Posted: 25 Apr 2016
Timo Boppart and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES) and Princeton University - Department of Economics
Downloads 0
Citation 12
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balanced growth, hours worked, Kaldor facts, Labor Supply, preferences

Exploiting Mit Shocks in Heterogeneous-Agent Economies: The Impulse Response as a Numerical Derivative

NBER Working Paper No. w24138
Number of pages: 55 Posted: 28 Dec 2017 Last Revised: 16 Jun 2023
Timo Boppart, Per Krusell and Kurt Mitman
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Stockholm University
Downloads 42 (776,953)
Citation 1

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Exploiting MIT Shocks in Heterogeneous-Agent Economies: The Impulse Response as a Numerical Derivative

CEPR Discussion Paper No. DP12520
Number of pages: 57 Posted: 02 Jan 2018
Timo Boppart, Per Krusell and Kurt Mitman
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics and Stockholm University
Downloads 0
Citation 9
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computation, Heterogeneous Agents, linearization, MIT shock.

28.

The Replacement Problem in Frictional Economies: A Near-Equivalence Result

FRB Richmond Working Paper No. 05-01
Number of pages: 56 Posted: 06 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 41 (764,776)

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creative destruction, inequality, technical change, unemployment, upgrading

29.

The IT Revolution: Is It Evident in the Productivity Numbers?

FRB Richmond Economic Quarterly, Vol. 86, No. 4, Fall 2000, pp. 49-78
Number of pages: 30 Posted: 28 Nov 2012
Andreas Hornstein and Per Krusell
Federal Reserve Bank of Richmond and Princeton University - Department of Economics
Downloads 40 (772,154)

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30.

Technology-Policy Interaction in Frictional Labor Markets

FRB Richmond Working Paper No. 06-10
Number of pages: 49 Posted: 07 Dec 2012
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 39 (779,193)
Citation 16

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embodied technical change, vintage capital, search, labor market policies, unemployment

31.

Is Labor Supply Important for Business Cycles?

NBER Working Paper No. w17779
Number of pages: 58 Posted: 27 Jan 2012 Last Revised: 30 Jan 2022
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 34 (817,230)
Citation 1

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Aggregate Labor Market Outcomes: The Role of Choice and Chance

NBER Working Paper No. w15252
Number of pages: 40 Posted: 18 Aug 2009 Last Revised: 06 Mar 2022
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 30 (874,877)
Citation 7

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Aggregate Labor Market Outcomes: The Role of Choice and Chance

CEPR Discussion Paper No. DP7435
Number of pages: 42 Posted: 07 Oct 2009
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and Federal Reserve Bank of New York
Downloads 2 (1,150,335)
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labour market frictions, labour Supply, taxes

33.

Time Consistent Public Expenditures

Number of pages: 47 Posted: 20 Oct 2004
University of Western Ontario - Department of Economics, Princeton University - Department of Economics and University of Pennsylvania - Department of Economics
Downloads 32 (833,272)
Citation 14
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Time-consistency, optimal taxation, Markov-perfect equilibrium

34.

Integrated Epi-Econ Assessment

NBER Working Paper No. w28282
Number of pages: 81 Posted: 28 Dec 2020 Last Revised: 12 Apr 2023
Stockholm University - Institute for International Economic Studies (IIES), Copenhagen Business School, Stockholm University, Princeton University - Department of Economics and Norwegian School of Economics (NHH)
Downloads 27 (875,535)
Citation 4

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35.

Vintage Capital as an Origin of Inequalities

Number of pages: 66 Posted: 14 Jul 2003
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 26 (884,674)
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Vintage capital, wage inequality, unemployment, labour share, vacancy heterogeneity

36.

Frictional Wage Dispersion in Search Models: A Quantitative Approach

CEPR Discussion Paper No. 5935
Number of pages: 53 Posted: 03 Jan 2007
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 23 (912,347)
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Mean-min ratio, search, wage dispersion

37.

On the Optimal Timing of Taxes

Number of pages: 43 Posted: 31 Jan 2005
Stockholm University - Institute for International Economic Studies (IIES), Princeton University - Department of Economics, University of Oslo - Department of Economics and Centre for Economic Policy Research (CEPR)Yale University
Downloads 21 (931,422)
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Optimal taxation, tax dynamics, time-consistency, capital depreciation

38.

The Replacement Problem in Frictional Economies: An 'Equivalence Result'

CEPR Discussion Paper No. 5026
Number of pages: 58 Posted: 12 Sep 2005
Federal Reserve Bank of Richmond, Princeton University - Department of Economics and New York University (NYU) - Department of Economics
Downloads 15 (991,440)
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Creative destruction, inequality, technical change, unemployment, upgrading

39.

The Macroeconomics of Intensive Agriculture

NBER Working Paper No. w31101
Number of pages: 68 Posted: 10 Apr 2023 Last Revised: 25 Jun 2023
Stockholm University - Institute for International Economic Studies (IIES), University of Minnesota, Princeton University - Department of Economics and University of Minnesota
Downloads 14 (1,001,633)
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40.

Gross Worker Flows and Fluctuations in the Aggregate Labor Market

NBER Working Paper No. w26878
Number of pages: 55 Posted: 23 Mar 2020 Last Revised: 11 Jun 2023
Princeton University - Department of Economics, Georgetown University - Department of Economics, Princeton University - Princeton School of Public and International Affairs and University of Texas at Austin
Downloads 14 (1,001,633)
Citation 2

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41.

Climate Change Around the World

NBER Working Paper No. w30338
Number of pages: 160 Posted: 08 Aug 2022 Last Revised: 25 May 2023
Per Krusell and Anthony A. Smith
Princeton University - Department of Economics and Yale University - Cowles Foundation
Downloads 12 (1,021,340)
Citation 10
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42.

Fiscal Multipliers: A Heterogenous-Agent Perspective

NBER Working Paper No. w28366
Number of pages: 22 Posted: 27 Jan 2021 Last Revised: 05 Jul 2023
Tobias Broer, Per Krusell and Erik Öberg
Stockholm University, Princeton University - Department of Economics and Uppsala University
Downloads 11 (1,030,872)

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43.

Macroeconomic Dynamics with Rigid Wage Contracts

NBER Working Paper No. w29540
Number of pages: 24 Posted: 06 Dec 2021 Last Revised: 16 Apr 2023
Stockholm University, BI Norwegian Business School, Princeton University - Department of Economics and Uppsala University
Downloads 8 (1,058,233)

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44.

Macroeconomic Dynamics with Rigid Wage Contracts

CEPR Discussion Paper No. DP16764
Number of pages: 26 Posted: 04 Feb 2022
Paris School of Economics (PSE), BI Norwegian Business School, Princeton University - Department of Economics and Uppsala University
Downloads 0 (1,120,022)
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45.

The Consequences of Uncertainty: Climate Sensitivity and Economic Sensitivity to the Climate

Annual Review of Economics, Vol. 10, pp. 189-205, 2018
Posted: 07 Sep 2018
John Hassler, Conny Olovsson and Per Krusell
Stockholm University - Institute for International Economic Studies (IIES), Sveriges Riksbank and Princeton University - Department of Economics

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46.

Time Orientation and Asset Prices

Journal of Monetary Economics, Vol. 49, No. 1, pp. 107-135, January 2002
Posted: 15 Sep 2010
Princeton University - Department of Economics, University of Toronto - Department of Economics and Yale University - Cowles Foundation

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47.

Income and Wealth Heterogeneity in the Macroeconomy

Posted: 30 Dec 1998
Per Krusell and Anthony A. Smith
Princeton University - Department of Economics and Yale University - Cowles Foundation

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