Research

 


 

WORK IN PROGRESS AND WORKING PAPERS

 

Gambling for redemption and self-fulfilling debt crisis, with Timothy J. Kehoe

 

Social Security as a Commitment Device, with Begoña Domínguez

 

Sustaining Ramsey plans in overlapping generations economies, with Begoña Domínguez

 

Intergenerational Policy and the Measurement of Tax Incidence, with Carlos Garriga

 

Productivity, Taxes and Hours Worked in Spain: 1970-2008, with Timothy J. Kehoe

 

Intangible Investment and Ramsey Capital Taxation, with Begoña Domínguez

 

Educational Attainment and Timing of Fertility Decisions (2000)

 


 

PUBLICATIONS

 

Intertemporal Discounting and Policy Selection, with Carlos Garriga

Federal Reserve Bank of St Louis Review 95, 165-180, 2013.

 

Chronic Sovereign Debt Crises in the Eurozone, 2010-2012, with Cristina Arellano and Timothy J. Kehoe

Federal Reserve Bank of Minneapolis Economic Policy Paper, 12-4, 2012.

The data, and the description of the data

 

A Primer on Social Security Systems and Reforms, with Craig P. Aubuchon and Carlos Garriga

Federal Reserve Bank of St Louis Review 93, 19-36, 2011.

 

Taxing Capital? Not a Bad Idea After All!, with Sagiri Kitao and Dirk Krueger

American Economic Review 99, 25-48, 2009.

Click here for an Appendix with further discussion of the results in this paper

 

Optimal Response to a Transitory Demographic Shock in Social Security Financing, with Carlos Garriga

Federal Reserve Bank of St Louis Review 91, 33-48, 2009.

 

Optimal Fiscal Policy in the Design of Social Security Reforms, with Carlos Garriga

International Economic Review 49, 291-318, 2008.

 

Optimal Response to a Transitory Demographic Shock, with Carlos Garriga

De Menil, G., R. Fenge and P. Pestieau eds., Pension Strategies in Europe and the United States, CESifo - MIT Press, 87-113, 2008.

 

Modelling Great Depressions: The Depression in Finland in the 1990’s, with Timothy J. Kehoe and Kim J. Ruhl

The data of the paper, and the description of the data

Federal Reserve Bank of Minneapolis Quarterly Review 31, 16-44, 2007.

Also in Kehoe T.J. and E.C. Prescott eds, Great Depressions of the Twentieth Century, Federal Reserve Bank of Minneapolis, 2007.

Chick on the link to the book to access data, computer codes, etc

 

On the Optimal Progressivity of the Income Tax Code, with Dirk Krueger

Journal of Monetary Economics 53, 1425-1450, 2006.

 

The Status Quo Problem in Social Security Reform, with Carlos Garriga

Macroeconomic Dynamics 7, 691-710, 2003.

 

Explaining Cross-Country Differences in Participation Rates and Aggregate Fluctuations, with Carlos Diaz-Moreno and Jose Galdon-Sanchez

Journal of Economic Dynamics and Control 26, 333-345, 2002.

 

Underground Economy and Aggregate Fluctuations, with Carlos Diaz-Moreno and Jose Galdon-Sanchez

Spanish Economic Review 3, 41-53, 2001.

 

Reforma del Sistema de Seguridad Social y Adquisición de Formación, with Carlos Garriga

Investigaciones Económicas 24, 271-295, 2000.

 

La financiación del sistema de Seguridad Social en España: efectos dinámicos de una posible reforma, with Carlos Garriga

Hacienda Pública Española XXX, 113-126, 2000.

 

Sistema Fiscal y Reforma de la Seguridad Social, with Carlos Garriga

Cuadernos Económicos de ICE 65, 117-132, 1999.

 

Social Security Reform with Heterogeneous Agents, with Dirk Krueger

Review of Economic Dynamics 2, 757-795, 1999.