Publications

Optimal Inflation with Corporate Taxation and Financial Constraints, with Daria Finocchiaro, Giovanni Lombardo and Caterina Mendicino, Journal of Monetary Economics, Vol. 95 (May 2018), 18-31. 📕

Total Work and Gender: Facts and Possible Explanations, with Michael C. Burda and Daniel S. Hamermesh, Journal of Population Economics , Vol. 26 No. 1 (January 2013), 239-261. 📕

Approximate Equilibrium Asset Prices, with Fernando Restoy, Review of Finance, Vol. 15, No. 1 (January 2011), 1-28. 📕

Precautionary Saving and Consumption Smoothing Across Time and Possibilities, with Miles Kimball, Journal of Money, Credit and Banking, Vol. 41, No. 2–3 (March-April 2009), 245-284. 📕

Overlapping Generations: the First Jubilee, Journal of Economic Perspectives, Volume 22, Number 4 (Fall 2008), 115–134. 📕

The Distribution of Total Work in the EU and USA, with Michael C. Burda and Daniel S. Hamermesh, in Working Hours and Job Sharing in the EU and USA: Are Europeans Lazy? Or Americans Crazy? Tito Boeri, Michael Burda, and Francis Kramarz editors, Oxford University Press (2008), ISBN 978-0-19-923102-7. 📕

Incomplete Markets, Labor Supply and Capital Accumulation, with Albert Marcet and Francesc Obiols-Homs, Journal of Monetary Economics, Vol. 54 No. 8 (November 2007), 2621 - 2635.📕

The Macroeconomics of Credit and Labor Markets Imperfections, with Etienne Wasmer, American Economic Review, Vol. 94 No. 4 (September 2004), 944–963. 📕

L’incertitude, le temps et la théorie de l’utilité, Risques, No. 49 (Mars 2002). 📕

The Transition from Unfunded to Funded Social Security Might Not be as Painful as You Think, in Institutional and Financial Incentives for Social Insurance, Claude d’Aspremont, Victor Ginsburgh, Henri Sneessens, Frans Spinnewyn F. (eds), Springer, Boston (2002), 191-200. 📕

Debt Ponzi Games and Dynamic Efficiency under Uncertainty, with Olivier Jean Blanchard, Advances in Macroeconomics, Vol. 1 No. 2 (2001).📕

Nontraded income and the CAPM, European Economic Review, Vol. 38 No. 3–4 (April 1994), 913–922. 📕

Precautionary Savings and the Permanent Income Hypothesis, Review of Economic Studies, Vol. 60(2) No. 203 (April 1993), 367–384. 📕

The Budgetary Arithmetics of Loan Guarantees and Deposit Insurance, Carnegie-Rochester Conference Series on Public Policy, Vol. 37 (December 1992), 97-122. 📕

Equilibrium Asset Prices with Undiversifiable Labor Income Risk, Journal of Economic Dynamics and Control, Vol. 16 No. 3–4 (July-October 1992), 769–790. 📕

Hand-to-Mouth Consumers and Asset Prices, European Economic Review, Vol. 36 No. 2–3 (April 1992), 575–583. 📕

Currency Competition and the Evolution of Multi-Currency Regions, in European Financial Integration, Alberto Giovannini and Colin Mayer eds., Cambridge University Press, Cambridge, U.K. (1991), 290-302. 📕

Is Money Net Wealth?, International Economic Review, Vol. 32 No. 1 (February 1991). 📕

On the Possibility of Price Decreasing Bubbles, Econometrica, Vol. 58. No. 6 (November 1990), 1467–1474. 📕

Non-Expected Utility in Macroeconomics, Quarterly Journal of Economics, Vol. CV No. 1 (February 1990), 29–42. 📕

The Equity Premium Puzzle and the Riskfree Rate Puzzle, Journal of Monetary Economics, Vol. 24 (November 1989), 401–421. 📕

Increasing Returns and Animal Spirits, American Economic Review, Vol. 79 No. 4 (September 1989), 889–894. 📕

Overlapping Families of Infinitely-Lived Agents, Journal of Public Economics, Vol. 38 (September 1989), 183–198. 📕

Money, Time Preference, and External Balance, European Economic Review, Vol. 33 (September 1989), 564–572. 📕

Permanent Budget Deficits and Inflation, Journal of Monetary Economics, Vol. 20 No. 2 (September 1987), 393–410. 📕

‘Love Thy Children’: Reflections on the Barro Debt Neutrality Theorem, Journal of Monetary Economics, Vol. 19 No. 3 (May 1987), 377–391. 📕

Confidence and the Real Value of Money in an Overlapping Generation Economy, Quarterly Journal of Economics, Vol. CII No. 1 (February 1987), 1–22. 📕