Publications

"Lotteries for Consumers versus Lotteries for Firms" (with Thomas J. Sargent), Frontiers in Applied General Equilibrium Modeling, eds. T.J. Kehoe, T.N. Srinivasan and J. Whalley, Cambridge University Press, 2005. lotteries.pdf

"European Unemployment and Turbulence Revisited in a Matching Model" (with Thomas J. Sargent), Journal of the European Economic Association, vol. 2, 2004, pp. 456-468. matching.pdf

”European Unemployment: From a Worker's Perspective" (with Thomas J. Sargent), Knowledge, Information and Expectations in Modern Macroeconomics: In Honor or Edmund S. Phelps, eds. P. Aghion, R. Frydman, J. Stiglitz and M. Woodford, Princeton University Press, 2003, pp. 326-350. phelps.pdf

”How Do Layoff Costs Affect Employment?” Economic Journal, vol. 112, 2002, pp. 829-853. layoff.pdf

”Tax Policy and Aggregate Demand Management Under Catching Up with the Joneses” (with Harald Uhlig), American Economic Review, vol. 90, 2000, pp. 356-366. CatchingUp.pdf

“Squandering European Labour: Social Safety Nets in Times of Economic Turbulence,” Scottish Journal of Political Economy, vol. 46, 1999, pp. 367-388. safetynets.pdf

”The European Unemployment Dilemma” (with Thomas J. Sargent), Journal of Political Economy, vol. 106, 1998, pp. 514-550. dilemma.pdf

Taxes and Subsidies in Swedish Unemployment” (with Thomas J. Sargent), The Welfare State in Transition, eds. Richard B. Freeman, Robert Topel and Birgitta Swedenborg, Chicago: University of Chicago Press, 1997, pp. 299-314.

”A Supply-Side Explanation of European Unemployment” (with Thomas J. Sargent), Federal Reserve Bank of Chicago Economic Perspectives, vol. 20(5), 1996, pp. 2-15. supply.pdf

”The Swedish Unemployment Experience” (with Thomas J. Sargent), European Economic Review, vol. 39, 1995, pp. 1043-1070. sweden.pdf

”Welfare States and Unemployment,” (with Thomas J. Sargent), Economic Theory, vol. 6, 1995, pp. 143-160.

”Wage Structure as Implicit Insurance on Human Capital in Developed versus Underdeveloped Countries,” Journal of Development Economics, vol. 46, 1995, pp. 35-50. wage.pdf

”Asymmetric Information: A Rationale for Corporate Speculation,” Journal of Financial Intermediation, vol. 3, 1994, pp. 188-203.

”Hysteresis in International Trade: A General Equilibrium Analysis,” Journal of International Money and Finance, vol. 13, 1994, pp. 387-399.

”A Unified Approach to Measures of Privacy in Randomized Response Models: A Utilitarian Perspective,” Journal of the American Statistical Association, vol. 88, 1993, pp. 97-103. randomized.pdf

”Economic Underdevelopment: The Case of a Missing Market for Human Capital,” Journal of Development Economics, vol. 40, 1993, pp 219-239.
[Reprinted in Readings in Development Economics - Volume 1, eds. Pranab Bardhan and Christopher Udry, Cambridge, MA: MIT Press, 2000.]

”The Convergence of Multivariate ‘Unit Root’ Distributions to their Asymptotic Limits” (with Myungsoo Park, James H. Stock, and Mark W. Watson), Journal of Economic Dynamics and Control, vol. 12, 1988, pp. 489-502.

”Money Does Granger-Cause Output in the Bivariate Money-Output Relation” (with Lawrence J. Christiano), Journal of Monetary Economics, vol. 22, 1988, pp. 217-235.