I want to thank the useful comments of pat kehoe, tim kehoe, v. I have served as a visiting scholar in the imf on various occasions. Macroeconomic effects of medicare federal reserve bank of. Close this message to accept cookies or find out how to manage your cookie settings. In the first chapter, titled liquidity regulation in a monetary economy, although it is commonly argued that the prevention of bank runs is the main reason to regulate banks asset portfolios, i show that a market failure that. Pujolas mcmaster university gajendran raveendranathan mcmaster university. Kehoe cv january 2020 university of minnesota twin cities. Essays on incomplete markets and macroeconomics consists of contributions of theoretical and empirical nature in the subfield of macroeconomics through two chapters. This ebook examines selected issues related to the economics of population ageing. On the optimal progressivity of the income tax code book. The book is suitable for use in graduate courses in development economics, international finance, and macroeconomics. Between 1982 and 1995, mexico experienced no economic. The united states introduced the modern individual income tax in 19, france in 1914, japan in. Marina azzimonti professor and chair of the department of economics ph.
Journal of public economics university of california. My primary research interests are in agricultural economics, development economics, economic growth. Description of the data and ms excel file with all of the data. Generational policy and the macroeconomic measurement of. Juan carlos conesa stony brook university matthew j. A solution for payment systems or a solution in search of a problem. This rigorous and comprehensive textbook develops a basic small open economy model and shows how it can be extended to answer many important macroeconomic questions that arise in emerging markets and developing economies. Gambling for redemption and selffulfilling debt crises, economic theory, vol 644.
On the optimal progressivity of the income tax code ebook. Gambling for redemption and selffulfilling debt crises nber. Gambling for redemption and selffulfilling debt crises, 2012 meeting papers 614, society for economic dynamics. Policydriven productivity in chile and mexico in the 1980s and 1990s with raphael bergoeing, patrick j. Before that, i was an associate professor at indiana university and research economist in the research department of the federal reserve bank of richmond. He was an intellectual giant, and a caring person for his family, friends, students and colleagues. Journal of monetary economics 53 7, 14251450, 2006. A large literature has investigated structural transformation, but. Access statistics for papers by juan carlos conesa. On the welfare effects of eliminating business cycles. Optimal fiscal policy in overlapping generations models. Free exchange zerosum debate finance and economics. Macroeconomic effects of medicare staff report 548 published april 26, 2017. Iourii manovski and my coauthors juan carlos conesa, jesus fernandezvillaverde, felix kubler and fabrizio perri as well as victor riosrull for helping me to learn modern macroeconomic theory.
Oct 14, 2019 contents1 the what, so what, and now what of population ageingdavid e. Gains from trade with variable trade elasticities brooks. Juan carlos conesa, daniela costa, parisa kamali, timothy kehoe, vegard m. Bauer and alfonso sousapoza4 ageing in global perspectivelaurence j. He obtained his phd degree from unumerit 2018, under the specialisation track on structural change and industrialisation which was sponsored by the united nations industrial development. Essays on port economics contributions to economics, pablo. Analyzing fiscal policies in a heterogeneousagent overlappinggenerations economy article in handbook of computational economics 3 april 2011 with 337 reads how we measure reads. Kehoe university of minnesota federal reserve bank of minneapolis and national bureau of economic research introduction1 beginning in late 2009, the greek government had difficulties selling its bonds to private investors, who demanded high interest rates. Urjc degrees select an area of knowledge to view all degrees available. Journal of economic dynamics and control 26 2, 333345, 2002. Tim kehoe has been an advisor at the federal reserve bank of minneapolis since 2000.
This cited by count includes citations to the following articles in scholar. Nygard, gajendran raveendranathan and akshar saxena authors registered in the repec author service. Finn kydland and nick pretnar3 employment and the health burden on informal caregivers of the elderlyjan m. As a general rule, applicants must hold a bachelors degree and a researchoriented masters degree in economics awarded by a notable institution. Juan carlos castillo is a postdoctoral research fellow in applied economics at bocconi university and an affiliated researcher at unumerit. Gambling for redemption and selffulfilling debt crises juan carlos conesa stony brook university timothy j. Thus, the course materials will analyze the general equilibrium foundations and the two welfare theorems, infinitely lived representative agent models, the overlapping. Status quo problem in social security reforms volume 7 issue 5 juan carlos conesa, carlos garriga. Contents1 the what, so what, and now what of population ageingdavid e. Theory ahead of business cycle measurement edward c. The following chapters offer an introduction to that basic framework and a discussion of its policy implications. The aggregate implications of gender and marriage, with margherita borella and fang yang. Reliable information about the coronavirus covid19 is available from the world health organization current situation, international travel. On the optimal progressivity of the income tax code, nber working papers 11044, national bureau of economic research, inc.
Pikettys book and macro models of wealth inequality, with giulio fella and fang yang. A native of newport, rhode island, he received his b. The journal of the economics of ageing macroeconomics of. On the optimal progressivity of the income tax code. Pension strategies in europe and the united states the mit. Dirk krueger macroeconomic theory pdf free serial pdf. Implications of increasing college attainment for aging in general equilibrium. Congratulations to warren sanderson on his recent book, prospective. We want to thank cristina arellano, jeff bergstrand, juan carlos conesa, svetlana demidova, doireann fitzgerald, antoine gervais, joe kaboski, tim kehoe, vova lugovskyy, jeff thurk, and kei. Pdf social security reform with heterogeneous agents.
You can also find the degrees by campus, colleges and schools. Models of debt and debt crises, volume of economic theory, 64 2017, edited with cristina arellano and herakles polemarchakis. We calibrate the model along a transition path from 1950 to 2100 that features rising survival probabilities, an increasing share of college graduates, and rising healthcare costs. An introduction to the macroeconomics of aging request pdf. The journal of the economics of ageing special issues. In its last part this course will explore the implications of heterogeneity and incomplete markets for monetary policy. Open economy macroeconomics in developing countries the mit. Macroeconomic effects of medicare federal reserve bank.
Published quarterly by the federal reserve bank of minneapolis. Department of economics, 160 mcneil building, 3718 locust walk philadelphia, pa 191046297. On the optimal progressivity of the income tax code, working papers 1, barcelona graduate school of economics. A book, 2019, 5360, with juan carlos conesa, vegard m. Trade and structural transformation in spain since 1850.
Professor of economics, university of minnesota, 1987present. It was created in 1986 by the foundation jose celma prieto and it is awarded every two years. This paper develops an overlapping generations model to study the macroeconomic implications of an aging population. Macroeconomic effects of medicare, journal of the economics of ageing, 11 2018, 2740, with juan carlos conesa, daniela costa, parisa kamali, vegard m. Introduction perhaps the most challenging question in development economics is why developing countries are so much poorer than the united states. Gambling for redemption and selffulfilling debt crises. Special issues published in the journal of the economics of ageing. Thanks to seminars participants at several institutions, hal cole, juan carlos conesa, karsten jeske, narayana kocherlakota, dirk krueger, edward prescott and especially lee ohanian for useful comments. Update your information in the repec author service. We quantitatively characterize the optimal capital and labor income tax in an overlapping generations model. Essays on incomplete markets and macroeconomics by juan. On the optimal progressivity of the income tax code author links open overlay paneljuan carlosconesadirk.
Gambling for redemption and selffulfilling debt crises, nber working papers 21026, national bureau of economic research, inc. Oclcs webjunction has pulled together information and resources to assist library staff as they consider how to handle. In pension strategies in europe and the united states, leading. Download it once and read it on your kindle device, pc, phones or tablets. On the optimal progressivity of the income tax code sciencedirect. This paper computes the optimal progressivity of the income tax code in a dynamic general equilibrium model with household heterogeneity in which uninsurable labor productivity risk gives rise to a. In this paper, we study under what conditions a pay as you go payg type social security program can have regressive outcomes even though the benefits of this program are designed to be progressive. Forthcoming in the journal of the economics of ageing, special issue on macroeconomics and aging, edited by tim kehoe and juan carlos conesa, february 2017. Essays on port economics contributions to economics kindle edition by pablo cotomillan, miguel angel pesquera, juan castanedo. Federal reserve bank of minneapolis research department staff report 465 june 2012 gambling for redemption and selffulfilling debt crises juan carlos conesa. Juan carlos conesa and dirk krueger models of heterogeneous agents without aggregate risk. Pdf several papers show that a privatization of the social security system will not be politically supported by the current generations.
The journal of the economics of ageing, special issue on macroeconomics and aging, edited by tim kehoe and juan carlos conesa, may 2018, vol. Juan carlos conesa, narayana kocherlakota, antonio rangel,numerousseminarparticipants,twoanonymousreferees,andespeciallykenneth judd for very helpful and detailed comments. This paper develops an overlapping generations model to study the macroeconomic effects of an unexpected elimination of medicare. Demographic realities will soon force developed countries to find ways to pay for longer retirements for more people. Nygard, gajendran raveendranathan, and akshar saxena. Request pdf an introduction to the macroeconomics of aging this special issue contains six articles that. King juan carlos i prize in economics is an award recognizing the scientific career of spanish or latin american personalities in the field of the economics. One of the most widely used methods, generally referred to as generational accounting, con. The economics of federal tax policy brookings institution. By juan carlos conesa, sagiri kitao, and dirk krueger we quantitatively characterize the optimal capital and labor income tax in an overlapping generations model with idiosyncratic, uninsurable income shocks and permanent productivity differences of households. Household inequality and the consumption response to aggregate real shocks, with gene amromin and karl schulze. Citescore values are based on citation counts in a given year e. Economic theory, 2017, 64, 4, 707740 view citations 5.
Carlos garriga acknowledges support from the national science foundation. Judith ahlers and george fortier provided great editorial comments. We use cookies to distinguish you from other users and to provide you with a better experience on our websites. These notes were tried out on numerous students at stanford, upenn, frankfurt and mannheim, whose many useful comments i appreciate. The diversity of economic theories is a plus in the analysis of economic problems and principles, by allowing the possibility to focus on different aspects with different methodologies. Vegard mokleiv nygaard no 23389, nber working papers from national bureau of economic research, inc abstract. Juan carlos herken krauer is a germanparaguayan economist, historian, journalist, writer and professor. By continuing to use this website, you consent to columbia universitys usage of cookies and similar technologies, in accordance with the columbia university website cookie notice. Download the understanding the publishing process pdf. This website uses cookies as well as similar tools and technologies to understand visitors experiences. The macroeconomics of aging, volume of journal of the economics of ageing, 11 2018, edited with juan carlos conesa.
Department of economics, college of arts and sciences. The economics of federal tax policy percent of gdp from federal revenue. Several applications of the theory are discussed covering theorg trends in income inequality in the us and in europe, the life cycle pattern of consumption, the. List of exercises juan carlos conesa, stony brook university exercise 1. We examine economic issues that deeply affect our communities. Pdf the status quo problem in social security reforms. Gambling for redemption and selffulfilling debt crises, economic theory, 64 2017, 707 740, with juan carlos conesa.
Leading economists analyze topical issues in pension policy, including structural reform of payasyougo systems, the political sustainability of pension reforms, and the need for private, funded systems. The journal of the economics of ageing, 2018, 11, c, 2740 view citations 11. Review of economic dynamics 2, mafroeconomic furthermore, this course is not a survey of topics in macroeconomics. Kehoe, timothy, juan carlos conesa, journal of the economics of ageing, 11 15, 2018. The depression in finland in the 1990s with juan carlos conesa and kim j. Stony brook university department of economics course syllabus fall 2016 econ 108 section 02 introduction to.
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