“Computational suite of models with heterogeneous agents II: Multi-country real business cycle models, (with Wouter J. Den Hann and Michel Juillard) Journal of Economic Dynamics and Control, Volume 35, Issue 2, pp. 175-17 .(pdf)
“Solving the multi-country real business cycle model using ergodic set methods,” (with Serguei Maliar and Lilia Maliar) Journal of Economic Dynamics and Control, Volume 35, Issue 2, pp. 207-228. (pdf)
“Equilibrium open interest,” (with Dietmar P.J. Leisen) Journal of Economic Dynamics and Control, Volume 34, Issue 12, pp. 2578-2600. (pdf)
“Computational suite of models with heterogeneous agents: Incomplete markets and aggregate uncertainty (with Wouter J. Den Hann and Michel Juillard) Journal of Economic Dynamics and Control, Volume 34, Issue 1, pp. 1-3. (pdf)
“Comments on Prof. Mirowski’s ‘Markets Come to Bits: Evolution, Computation and Markomata in Economic Science,” Journal of Economic Behavior & Organization, Volume 63, Issue 2, pp. 262-265. (pdf)
“Reply to ‘Asset trading volume in infinite-horizon economies with dynamically complete markets and heterogeneous agents: Comment’,”(with Felix Kubler and Karl Schmedders) Finance Research Letters, Volume 3, Issue 2, pp. 102-105 (pdf)
Preface, (with Leigh Tesfatsion) In: L. Tesfatsion and K.L. Judd, Editor(s), Handbook of Computational Economics, Elsevier, 2006, Volume 2, Pages xi-xv (pdf)
Special issue on Mathematical Programming, (with Michael Ferris and Berc Rustem) Journal of Economic Dynamics and Control, Volume 28, Issue 7, p. 1227 (pdf)
Chapter 17: Computationally Intensive Analyses in Economics, In: L. Tesfatsion and K.L. Judd, Editor(s), Handbook of Computational Economics, Elsevier, 2006, Volume 2, Pages 881-893 (pdf)
“The parametric path method: an alternative to Fair-Taylor and L-B-J for solving perfect foresight models,” Journal of Economic Dynamics and Control, Volume 26, Issues 9-10, pp. 1557-1583 (pdf)
“Computing equilibria in infinite-horizon finance economies: The case of one asset,” (with Felix Kubler and Karl Schmedders) Journal of Economic Dynamics and Control, Volume 24, Issues 5-7, pp. 1047-1078 (pdf)
“Solving a savings allocation problem by numerical dynamic programming with shape-preserving interpolation,” (with Sheng-Pen Wang) Computers & Operations Research, Volume 27, Issue 5, pp. 399-408 (pdf)
Asset market equilibrium with general tastes, returns, and informational asymmetries (with Antonio E. Bernardo) Journal of Financial Markets, Volume 3, Issue 1, pp. 17-43 (pdf)
“Stable and Efficient Computational Methods for Dynamic Programming,” (with Yongyang Cai) Journal of the European Economic Association Volume 8, Number 2-3, pp. 626-634.
“Computational Methods for Dynamic Equilibria with Heterogeneous Agents,” with Felix Kubler and Karl Schmedders. In Mathias Dewatripont, Lars Peter Hansen, and Stephen Turnovsky, eds., Advances in Economics and Econometrics (Cambridge University Press, 2003) pp. 243-290. Working paper version: (postscript)(pdf).
Here are the slides shown at the World Congress presentation (postscript)(pdf)
“Closed-Loop Equilibrium in a Multi-Stage Innovation Race,” Economic Theory, 21 (2003), 673-695. Working paper version was Northwestern Center for Mathematical Studies in Economics and Management Sciences Working Paper 647 (February 1985). Working paper version: (postscript) (pdf)
“Parametric Path Method: An Alternative to Fair-Taylor and L-B-J for Solving Perfect Foresight Models,” Journal of Economic Dynamics and Control 26, (August, 2002, Issues 9-10), 1557-1583 (Working paper version: pdf)
“Capital Income Taxation with Imperfect Competition”, American Economic Review 92, (May, 2002) Working paper version: (pdf)
“Asymptotic Methods for Asset Market Equilibrium Analysis,” with Sy-Ming Guu, Economic Theory 18 (2001), pp. 127-157. (postscript)(pdf)(.nb file of the Mathematica Notebook)(pdf version of Mathematica Notebook)
“Computation and economic theory: Introduction,” Economic Theory 18 (1, 2001), pp 1-6.
“The Impact of Tax Reform in Modern Dynamic Economies” in Kevin A. Hassett and R. Glenn Hubbard (eds.): Transition Costs of Fundamental Tax Reform, Washington, D.C.: AEI Press, 2001, pp. 5-53. (postscript)(pdf)
“Asset Market Equilibrium with General Tastes, Returns, and Informational Asymmetries”, with Antonio Bernardo, Journal of Financial Markets, 1 (2000), pp. 17-43.
“Computing Equilibria in Infinite-Horizon Finance Economies: The Case of One Asset,” with Felix Kubler and Karl Schmedders, Journal of Economic Dynamics and Control 24, (5-7, 2000), pp. 1047-1078.
“Solving a savings allocation problem by numerical dynamic programming with shape-preserving interpolation,” with Sheng-Pen Wang, Computers and Operations Research, Apr 2000; v.27, no.5, p.399-408.
“Optimal Taxation and Spending in General Competitive Growth Models,” Journal of Public Economics 71, (January, 1999).
“The Impact of Portfolio Constraints in Infinite-horizon Incomplete-markets Models,” with F. Kubler and K. Schmedders. In P.J.J. Herings, A.J.J. Talman and G. van der Laan (eds.): The Theory of Markets, North-Holland, 1999.
Numerical Methods in Economics, MIT Press: Cambridge, MA., 1998.
“Algorithms and Economic Dynamics,” Journal of Economic Dynamics and Control 22 (8-9, 1998) pp. 1167-1168.
“Taxes, Uncertainty, and Human Capital,” American Economic Review 88, (May, 1998): 289-92.
“Asymptotic Methods for Aggregate Growth Models,” with Sy-ming Guu, in Journal of Economic Dynamics and Control 21 (6) (June 1997): 1025-42.
“Price and Quality in a New Product Monopoly,” with Michael Riordan, in Review of Economic Studies 61, (No. 4, Oct., 1994), pp. 773-789.(JSTOR)
“Credible Spatial Preemption,” in The Economics of Product Differentiation, edited by Jacques-Francois Thisse and George Norman, Aldershot, U.K.: Elgar. (Original version in JSTOR)
“Perturbation Solution Methods for Economic Growth Models,” in Economic and Financial Modelling with Mathematica, edited by Hal Varian, pages 80-103. Springer-Verlag Publishers: New York. 1992. “Projection Methods for Solving Aggregate Growth Models,” Journal of Economic Theory 58 (December, 1992): 410-452.
“Cyclical and Chaotic Behavior in a General Equilibrium Model of Innovation,” (with Ray Deneckere), in Cycles and Chaos in Economic Equilibrium, Jess Benhabib, editor. (Princeton University Press: Princeton, 1992).
“Observable Contracts: Strategic Delegation and Cooperation,” (with Chaim Fershtman and Ehud Kalai), International Economic Review 32 (August, 1991): 551-559. (JSTOR)
“A Review of Recursive Methods in Economic Dynamics,” Journal of Economic Literature v. 29(#1) pp. 69-77, March, 1991.
“Taxation and Uncertainty,” with D. Bizer, American Economic Review 78 (May, 1989): 331-336. (JSTOR)
“Capital Market Imperfections and Tax Policy Analysis in the Life Cycle Model, with Glenn Hubbard, Annales d’Economie et de Statistique 0(9) (Jan.-Mar., 1988): 111-39.
“Equilibrium Managerial Incentives in Oligopoly,” with C. Fershtman, American Economic Review 77 (December, 1987): 927-940. (JSTOR)
“Social Security and Individual Welfare: Precautionary Saving, Liquidity Constraints and the Payroll Tax,” with Glenn Hubbard, American Economic Review 77 (September, 1987): 630-646. (JSTOR)
“The Welfare Cost of Factor Taxation in a Perfect Foresight Model,” Journal of Political Economy (August 1987). JSTOR)
“Effects of Capital Gains Taxation on Life-Cycle Investment and Portfolio Management”, with Y. Balcer, Journal of Finance 42 (July 1987): 743-757. (JSTOR)
“Debt and Distortionary Taxation in a Simple Perfect Foresight Model,” Journal of Monetary Economics, (July 1987).
“A Dynamic Theory of Factor Taxation,” American Economic Review 77 (May 1987): 42-48. (JSTOR)
“Liquidity Constraints, Fiscal Policy, and Consumption,” with G. Hubbard, Brookings Papers on Economic Activity 1
(No. 1, 1986), 1-50. (JSTOR)
“Dynamic Limit Pricing and Internal Finance: A Reformulation of Gaskins’ Model,” with B. Petersen, Journal of Economic Theory (1986).
“Redistributive Taxation in a Perfect Foresight Model,” Journal of Public Economics 28 (October 1985), 59-84. Reprinted in “The Distribution of Tax Burdens,” by Fullerton, D, and G. E. Metcalf, Edgar Elgar, 2002.
“Credible Spatial Preemption,” Rand Journal of Economics 16 (Summer 1985), 153-166. (JSTOR)
“Short-run Analysis of Fiscal Policy in a Simple Perfect Foresight Model,” Journal of Political Economy 93 (April 1985): 298-319. (JSTOR)
“On The Performance of Patents,” Econometrica 53 (May 1985): 298-319. (JSTOR)
“The Law of Large Numbers with a Continuum of I.I.D. Random Variables,” Journal of Economic Theory 35 (February 1985), 19-25.
“Marginal Excess Burden in a Dynamic Economy,” Economic Letters 15 (1985).
“Equilibrium Price Dispersion,” with K. Burdett, Econometrica 51, No. 4 (July, 1983), 955-969. (JSTOR)
“Tariffs, Technology Transfers, and Welfare,” with R. Feenstra, Journal of Political Economy 90, No. 6 (December 1982): 1142-1165. (JSTOR)
“An Alternative to Steady State Analysis in Perfect Foresight Models,” Economics Letters 10 (1982): 55-59.
“A Note on the Core of the Overlapping Generations Model,” with K. Hendricks and D. Kovenock, Economics Letters
6 (1980): 95-97.
Reviews and Published Discussions
“A Review of Recursive Methods in Economic Dynamics,” Journal of Economic Literature v. 29(1) pp. 69-77, March 1991
“Patent Renewal Data: Comments,” Brookings Papers on Economic Activity 0 (0, Special Issue, 1989): 402-04.
“Computation and economic theory: Introduction”, Economic Theory, 18(1, June 2001), 1-6. See also the main page describing the contents of the Special issue of Economic Theory: Symposium on Computation and Economic Theory
An Agenda for Economic Reform in Korea: International Perspectives, with Young Ki Lee (Co-Editor)
“Preface: Algorithms and economic dynamics” Journal of Economic Dynamics and Control, v. 22 (#8-9) pp. 1167-1168 August, 1998
Economics 288: Computational Economics Course Information
Click here to go the web site for Econ288