Research
Working Papers
- “Technology, Skill, and Long-Run Growth,” (June 2017).
- “Technology, Skill, and the Wage Structure,” (June 2017), NBER Working Paper 22176.
- “The Race Between Technology and Human Capital,” (2014), manuscript, University of Chicago (under revision).
- “Liquidity Crises: Understanding Sources and Limiting Consequences,” with Robert E. Lucas, Jr., Economic Policy Paper 11-3, Federal Reserve Bank of Minneapolis.
Books
- The Economics of Inaction, Princeton, NJ: Princeton University Press (2008).
- Recursive Methods in Economic Dynamics, with Robert E. Lucas, Jr. and Edward C. Prescott, Cambridge, MA: Harvard University Press (1989).
Published Papers
- “Wait-and-See: Investment Options under Policy Uncertainty,” Review of Economic Dynamics, 21 (2016), pp. 246-65.
- “Catching Up and Falling Behind,” Journal of Economic Growth, 20 (2015), pp. 1-36.
- “Introduction to Dynamic General Equilibrium,” with Edward C. Prescott and Lee Ohanian, Journal of Economic Theory, 144 (6) (2009), pp. 2235-46.
- “Moving Costs, Nondurable Consumption, and Portfolio Choice,” Journal of Economic Theory, 144 (6) (2009), pp. 2419-39.
- “A Two-Person Game of Information Transmission,” with Jerry R. Green, Journal of Economic Theory, July 2007, pp. 90-104.
- “Giving Aid Effectively,” 2005 Annual Report Issue of The Region, Federal Reserve Bank of Minneapolis.
- “‘Rules versus Discretion’ after Twenty-five Years,” NBER Macroeconomics Annual 2002, pp. 9-45.
- “A Quantitative Model of the British Industrial Revolution, 1780-1850,” Carnegie-Rochester Conference Series on Public Policy, 55 (2001), pp. 55-109.
- “Dynamic Programming with Homogeneous Functions,” with Fernando Alvarez, Journal of Economic Theory, 82 (September 1998), pp. 167-189.
- “Shirtsleeves to Shirtsleeves: The Economics of Social Mobility,” Frontiers of Research in Economic Theory: The Nancy L. Schwartz Memorial Lectures 1983-1997, D. Jacobs, E. Kalai, and M. Kamien, eds., Cambridge University Press, 1998.
- “Are There Limits to Growth?,” International Economic Review, 39 (February 1998), pp. 1-31.
- “Free Trade, Factor Returns, and Factor Accumulation,” Journal of Economic Growth, 1 (December 1996), pp. 421-447.
Additional works forthcoming.
Please note that for copyright reasons, some of the works linked here are available through institutional (library or academic) access or journal subscription only. Direct links are provided where possible.