Jess Benhabib

Working Papers

(Note: Files are in '.pdf' format which is readable by Adobe's Acrobat Reader. [If you do not have this viewer, it can be found at Adobe Acrobat.] Once the file is downloaded and you are viewing it, click on 'File' and then click on 'Save as'. If you want to save paper without viewing it, hold the 'shift' key and click on the paper link. If you save without viewing more than one paper, it would probably be best if you 'reload' the page after every save.)


  1. "Social Conflict and Inequality," (with A. Rustichini), 1991.
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  2. "Optimal Taxes Without Commitment," (with A. Rustichini), June 1997.
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  3. "Public Spending and Optimal Taxes Without Commitment," (with A. Rustichini and A. Velasco),1997.
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  4. "The Monetary Transmission Mechanism," (with R. Farmer).
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  5. "Indeterminacy Under Constant Returns in Multisector Economies," (with K. Nishimura), December 1997.
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  6. "Persistence of Business Cycles in Multisector RBC Models," (with Roberto Perli and P. Sakellaris), Revised, August 2005.
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  7. "Growth and Investment Across Countries: Are Primitives All That Matter?" (with Mark Spiegel).
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  8. "Indeterminacy and Sunspots in Macroeconomics," (with Roger Farmer), February 1998.
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  9. "Indeterminacy and Sunspots with Constant Returns," (with K. Nishimura), June 1997.
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    For the Gauss program producing the results of the paper click here. (This is in '.txt' [text] format.)
  10. "Monetary Policy and Multiple Equilibria," (with Stephanie Schmitt-Grohe and Martin Uribe), June 1998.
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  11. "The Perils of Taylor Rules," (with Stephanie Schmitt-Grohe and Martin Uribe)
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  12. "Indeterminacy Under Constant Returns to Scale in Multisector Economies," (with Qinglai Meng and Kazuo Nishimura)
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  13. "Avoiding Liquidity Traps," (with Stephanie Schmitt-Grohe and Martin Uribe), Revised, April 2000.
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  14. "Indeterminacy, Aggregate Demand, and the Real Business Cycle," (with Yi Wen), Revised, January 2002.
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  15. "Advertising, Mass Consumption and Capitalism," (with Alberto Bisin), Revised, November 2000.
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  16. "Another View of Investment: 40 Years Later," (with Bart Hobijn), Revised, September 2001.
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  17. "Chaotic Interest Rate Rules," (with Stephanie Schmitt-Grohe and Martin Uribe), June 2001.
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  18. "Interest Rate Policy in Continuous Time with Discrete Delays," June 2002.
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  19. "Backward-Looking Interest-Rate Rules, Interest Rate Smoothing and Macroeconomic Instability," (with Stephanie Schmitt-Grohe and Martin Uribe) October 2002.
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  20. "Modelling Internal Commitment Mechanisms and Self-Control: A Neuroeconomics Approach to Consumption-Saving Decisions ,"(with Alberto Bisin) December 2002, revised February 2004.
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  21. "The Tradeoff Between Inequality and Growth," forthcoming in the China Development Report.
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  22. "Technology Diffusion and Human Capital" (with Mark Spiegel) November 2002.
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  23. download and view paper
  24. "Hyperbolic Discounting: An Experimental Analysis" (with Alberto Bisin and Andrew Schotter), August 2004.
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  25. "The Political Economy of Redistribution under Democracy-March 2004 version" (with Adam Przeworski) March 2004.
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  26. "The Design of Monetary and Fiscal Policy: A Global Perspective" (with Stefano Eusepi) November 2004.
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  27. "Introduction: Monetary Policy and Capital Accumulation " (with Charles Carlstrom and Timothy Fuerst), February 2005.
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  28. "Chaotic Dynamics in Economics " forthcoming, Palgrave entry, September 2005.
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  29. "Redistribution,Taxes and the Median Voter " (with Marco Bassetto), January 2006.
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  30. "The Distribution of Wealth and Redistributive Policies" (with Alberto Bisin), March 2006.
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  31. "Optimal Migration: A World Perspective" (with Boyan Jovanovic), January 2007.
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  32. "Age, Luck, and Inheritance" (with Shenghao Zhu), November 2007.
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  33. "Choice and Process: Theory ahead of Measurement" (with Alberto Bisin), January 2008.
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  34. "Moderate Inflation and the Deflation-Depression Link" (with Mark Spiegel), December 2007.
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Related Links:

Roger Farmer at UCLA


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