Alan Blinder | Princeton University

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Forthcoming
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Forthcoming

  • "Robert M. Solow (1924-)," The Palgrave Companion to MIT Economics, forthcoming.
  • "Central Bank Communication with the General Public: Promise or False Hope?" (with Michael Ehrmann, Jakob de Haan, and David-Jan Jansen), Journal of Economic Literature, forthcoming.

    • 2024

    2023

    • "Economics and Politics: On Narrowing the Gap," The ANNALS of the American Academy of Political and Social Science, 708:1, July 2023, pp. 8-13. The Daniel Patrick Moynihan Lecture in Social Science and Public Policy, Washington, DC, October 25, 2023.
    • “Landings, Soft and Hard: The Federal Reserve, 1965-2022,” Journal of Economic Perspectives, 37:1, Winter 2023, pp. 101-120.

    2022

    • "Beyond the 'Lamppost Theory' of Economic Policy," Chicago Booth Review, Fall 2022, pp. 53–55.

    2021

    • “Interactions between Monetary and Fiscal Policy: Yesterday, Today, and Tomorrow,” Federal Reserve Bank of Kansas City, Jackson Hole Symposium, Macroeconomic Policy in an Uneven Economy, August 2021, pp. 199-207.
    • "Central Banking in the Time of Covid," Bank of Finland and CEPR conference: New Avenues for Monetary Policy, September 2021.

    2020

    • "What does Jerome Powell know that William McChesney Martin didn't-and what role did academic research play in that?" The Manchester School, August 2020.

    2019

    • "The Free Trade Paradox: The Bad Politics of a Good Idea," Foreign Affairs, Jan./Feb. 2019.
    • "Why Trump Should Leave the Fed Alone: In Defense of Central Bank Independence," Foreign Affairs (online), April 23, 2019.
    • "The Lamppost Theory of Economic Policy," Proceedings of the American Philosophical Society, 163:3, September 2019, pp. 239–250.

    2018

    2017

    • "Necessity as the mother of invention: Monetary policy after the crisis" (with Michael Ehrmann, Jakob de Haan, and David-Jan Jansen).
    • "The Remarkable Intellectual Achievements of William J. Baumol," VoxEU, August 2017.
    • "Monetary Policy after the crisis" (with Michael Ehrmann, Jakob de Haan, and David-Jan Jansen), ifo DICE Report 15: 1, Spring 2017, pp. 12-13.

    2016

    • "Fiscal Policy Reconsidered," The Hamilton Project Policy Proposal, May 2016.
    • "Presidents and the U.S. Economy: An Econometric Exploration," American Economic Review, April 2016, pp. 1015-1045 (with Mark Watson).
    • "The domain of central bank independence," keynote address at the European Central Bank Forum on Central Banking, June 2016, Sintra, Portugal, published in ECB, The future of the international monetary and financial architecture, pp. 7-12.
    • "Financial Entropy and the Optimality of Over-Regulation," in D. Evanoff, A. Haldane, and G. Kaufman (eds.), The New International Financial System: Analyzing the Cumulative Impact of Regulatory Reform, World Scientific, 2016, pp. 3-35.

    2015

    • "The Financial Crisis: Lesson for the Next One," Center on Budget and Policy Priorities, October 2015 (with Mark Zandi).
    • "What Did We Learn from the Financial Crisis, the Great Recession, and the Pathetic Recovery?" Journal of Economic Education, Spring 2015, pp. 135-149.
    • "Can Economists Learn? The Right Lessons from the Financial Crisis," Foreign Affairs, March/April 2015, pp. 154-159.
    • "Poised for Prosperity? Drawing the right lessons from the past quarter-century," The American Prospect, Spring 2015, pp. 94-99.

    2014

    • "What's the Matter with Economics?" The New York Review of Books, December 18, 2014, 55-57. (See also "An Exchange" with Arnold Packer and Jeff Madrick in the January 8, 2015 issue.)
    • "Federal Reserve Policy Before, During, and After the Fall," in Martin Baily and John Taylor (eds.) Across the Great Divide: New Perspectives on the Financial Crisis, Hoover Institution Press, 2014.
    • "Guarding Against Systemic Risk: The Remaining Agenda," in Esa Jokivuolle and Jouko Vilmunenpaper (eds.), Banking after regulatory reforms - business as usual?, Larcier, 2014, pp. 41-49.
    • "The U.S. Economy Performs Better under Democratic Presidents. Why?," Vox, September 2014 (with Mark Watson).
    • "Being There: An Intellectual Journey," in M. Szenberg and L. Ramrattan(eds.), Eminent Economists II: Their Life and Work Philosophies, Cambridge University Press, 2014, pp. 14-29.

    2013

    • "Global Policy Perspectives: Central Bank Independence and Credibility During and After a Crisis," in Federal Reserve Bank of Kansas City, The Changing Policy Landscape, Proceedings of the 2012 Jackson Hole Symposium, 2013, pp. 483-491.
    • "The Macroeconomic Policy Paradox: Failing by Succeeding," The Annals of the American Academy of Political and Social Science, November 2013, pp. 26-46.
    • "Exit to What? The Status Quo Ante or Some New Normal," in Alan S. Blinder et al., Exit Strategy, Geneva Report on the World Economy No. 15, International Center for Monetary and Banking Studies, 2013.
    • "Alternative Measures of Offshorability: A Survey Approach," Journal of Labor Economics, 31(2), The Princeton Data Improvement Initiative (Part 2, April 2013), pp. S97-S128 (with Alan Krueger).
    • "The Supply Shock Explanation of the Great Stagflation Revisited," in M. Bordo and A. Orphanides (eds.), The Great Inflation, University of Chicago Press for NBER, 2013 (with Jeremy Rudd).
    • "Financial Crises and Central Bank Independence," Business Economics, July 2013, pp. 163-165.

    2012

    2011

    2010

    • "It's Broke, Let's Fix It: Rethinking Financial Regulation," International Journal of Central Banking, December 2010, 277-330 .
    • "How We Ended the Great Recession," July 27, 2010 (with Mark Zandi).
    • "How Central Should the Central Bank Be?" Journal of Economic Literature, March 2010, 23-133.
    • "The Squam Lake Report: Fifteen Economists in Search of Financial Reform," Journal of Monetary Economics, October 2010, 57(7): 892-902.
    • "Quantitative Easing: Entrance and Exit Strategies," Federal Reserve Bank of St. Louis Review, November/December 2010, pp. 465-479 (the 2010 Homer Jones lecture).
    • "Teaching Macro Principles After the Financial Crisis," Journal of Economic Education, October-December 2010, pp. 385-390.
    • "Stimulus Worked," Finance and Development, December 2010, pp. 14-17.
    • "Time for Financial Reform, Plan C," The Economists� Voice, February 2010, 7(1).

    2009

    2008

    • "Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence,” Journal of Economic Literature, forthcoming (with M. Ehrmann, M. Fratzcher, J. de Haan, and D. Jansen). CEPS working paper no. 161, March 2008.
    • "Leadership in Groups: A Monetary Policy Experiment," International Journal of Central Banking, December 2008, pp. 117-150 (with John Morgan), (earlier version: NBER Working Paper No. 13391, September 2007).
    • “Robert Solow,” in L. Blume and S. Durlauf (eds.), The New Palgrave Dictionary of Economics, 2nd Edition.
    • "Do Monetary Policy Committees Need Leaders? A Report on an Experiment," American Economic Review (Papers and Proceedings), May 2008, 98(2): 224-229.
    • “Talking about Monetary Policy: The Virtues (and Vices?) of Central Bank Communication,” prepared for BIS Annual Conference, Lucerne, June 2008.
    • “Making Monetary Policy by Committee,” prepared for Bank of Canada conference, Ottawa, July 2008.
    • "Central Bank Communication and the Financial Markets," prepared for Bank of Sweden conference, September 2008.
    • “Free Trade,” in D. Henderson (ed.), The Concise Encyclopedia of Economics, The Liberty Fund, 2008, pp. 205-207.
    • "Keynesian Economics," in D. Henderson (ed.), The Concise Encyclopedia of Economics, The Liberty Fund, 2008, pp. 316-319.

    2007

    2006

    • “Outsourcing: Bigger than You Thought,” The American Prospect, 17 (11, November 2006), pp. 44-46..
    • “Monetary Policy Today: Sixteen Questions and about Twelve Answers,” in S. Fernandez de Lis and F. Restoy, eds., Central Banks in the 21st Century, Banco de Espana, 2006, pp. 31-72.

    • “Presidential Address: Stigler’s Lament,” Eastern Economic Journal, Summer 2006, 32(3): 381-396.

    • "Offshoring: The Next Industrial Revolution?" Foreign Affairs, March/April 2006, pp. 113-128. (A longer version with footnotes and references is: “Fear of Offshoring,” CEPS Working Paper No. 119, December 2005).
    • “The Case Against the Case Against Discretionary Fiscal Policy,” in R. Kopcke, G. Tootell, and R. Triest (eds.), The Macroeconomics of Fiscal Policy, MIT Press, 2006, forthcoming, pp. 25-61.
    • "Outsourcing: Bigger than You Thought," The American Prospect, November 2006, pp. 44-46.

    2005

    2004

    • “What Does the Public Know about Economic Policy, and How Does It Know It?” Brookings Papers on Economic Activity, 2004, 35(2004-1): 327-387 (with Alan B. Krueger).

    • “The Value of Housing-Related Government Sponsored Enterprises: A Review of a Preliminary Draft Paper by Wayne Passmore,” Fannie Mae Papers, vol. III, Issue 2, May 2004 (with Mark J. Flannery and James D. Kamihachi).

    2003

    • “A New Global Financial Order: The Art of the Possible,” in D. Das (ed.) An International Finance Reader (London: Routledge), 2003, pp. 104-113 (an update and revision of “Eight Steps to a New Financial Order,” Foreign Affairs, September/October 1999).

    2002

    • “Central Bank Transparency and Accountability in the Future,” in A. Posen (ed.), The Future of Monetary Policy (London: Blackwell).
    • “Competing Internationally with High Wages,” in J. Bhagwati and H. Corbet (eds.), Labour Standards in an Integrating World Economy (London: Cameron May).
    • “Interview—Alan Blinder,” in Brian Snowdon, Conversations on Growth, Stability and Trade (Cheltenham, UK: Edward Elgar), 2002, pp. 237-258.

    2001

    • “The Fabulous Decade: Macroeconomic Lessons from the 1990s,” in A. Krueger and R. Solow (eds.), The Roaring Nineties: Can Full Employment Be Sustained? (New York: Russell Sage and Century Foundation), 2001, pp. 91-157 (with Janet Yellen). [Also published separately as a book.]
    • “Keeping the Keynesian Faith: Alan Blinder on the Evolution of Macroeconomics” (interview by Brian Snowdon), World Economics, April-June 2001, 2(2): 105-140.

    2000

    1999

    • “Economics Becomes a Science—Or Does It?,” in A. Bearn (ed.), Useful Knowledge: The American Philosophical Society Millennium Program ( Philadelphia: American Philosophical Society), 1999.
    • “Eight Steps to a New Financial Order,” Foreign Affairs, September/October 1999, pp. 50-63. (Reprinted in Council on Foreign Relations, Globalization: Challenge and Opportunity (New York: Norton), 2002, pp. 138-150.)

    1998

    • "Stop Me Before I Inflate Again: The Rules-versus-Discretion Debate Revisited," Federal Reserve Bank of Chicago, Payments Systems in the Global Economy: Risks and Opportunities, May 1998, pp. 502-508.

    1997

    • "The Computer and the Economy," The Atlantic Monthly, December 1997, pp. 26-32.
    • "Fact and Fancy in the Growth Debate," The American Prospect, September-October 1997, pp. 57-62 (followed-up in "Controversy: Growth" in the November-December issue, pp. 70-73.)
    • "Is Government Too Political?" Foreign Affairs, vol. 76, no. 6 (Nov/Dec 1997), pp. 115-126.
    • "What Central Bankers Could Learn from Academics—and Vice Versa," Journal of Economic Perspectives, vol. 11, no. 2, Spring 1997, pp. 3-19.
    • "Is There A Core of Practical Macroeconomics That We Should All Believe?," American Economic Review, May 1997, pp. 240-243. (Reprinted as "A Core of Macroeconomic Beliefs?" in Challenge, July/August 1997, pp. 36-44; in D. Cole [ed.], Macroeconomics 1998/1999, Dushkin, McGraw-Hill, pp. 23-25; and in Polish translation in Gospodarka Narodowa, May-June 1998, pp. 120-124.)

    1996

    • "Central Banking in a Democracy," Federal Reserve Bank of Richmond Economic Quarterly, vol. 82, no. 4 (Fall 1996), pp. 1-14. (Reprinted in D. Cole [ed.], Macroeconomics 1998/1999, Dushkin, McGraw-Hill, pp. 119-126, and in Italian as "Il Ruolo della Banca Centrale in ma Democracia," Rivista di Politica Economica, Feb. 1998, pp. 143-161.)
    • "Labor Turnover in the USA and Japan: A Tale of Two Countries," Pacific Economic Review 1:1, 1996, pp. 27-57 (with Alan B. Krueger).
    • "The Role of the Dollar as an International Currency," Eastern Economic Journal, Spring 1996, pp. 127-136. Also published in W. Gruber, D. Gould, and C. Zarazaga (eds.), Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy, Kluwer, 1997.

    1995 (in government service)

    • "Should the Formerly Socialist Economies Look East or West for a Model?", International Economic Association, Economics in a Changing World, Volume 5, Economic Growth and Capital and Labour Markets, edited by Jean-Paul Fitoussi, St. Martin's Press, 1995, pp. 3-24.

    1994 (in government service)

    • “Overview,” in Proceedings of the Federal Reserve Bank of Kansas City Symposium on Reducing Unemployment: Current Issues and Policy Options, 329–342. Jackson Hole, WY, August 25–27. Federal Reserve Bank of Kansas City.
    • "On Sticky Prices: Academic Theories Meet the Real World," in Monetary Policy, University of Chicago Press, 1994, edited by N. Gregory Mankiw, pp. 117-150.

    1993 (in government service)

    • "A Simple Note on the Japanese Firm," Journal of the Japanese and International Economy, 7(3), September 1993, pp. 238-55.
    • "Free Trade," in D. Henderson (ed.), Fortune Encyclopedia of Economics, pp. 526-529, 1993.
    • "Keynesian Economics," in D. Henderson (ed.), Fortune Encyclopedia of Economics, pp. 118-123.

    1992

    1991

    • "The Resurgence of Inventory Research: What Have We Learned?," Journal of Economic Surveys, vol. 5, no. 4 (1991), pp. 291-328 (with Louis J. Maccini). Reprinted in A. Chikan, A. Milne, and L. G. Sprague (eds.), Reflections on Firm and National Inventories, International Society for Inventory Research, Budapest, 1996.
    • "Report of the Commission on Graduate Education in Economics," Journal of Economic Literature, vol. 29 (September 1991), pp. 1035-1053 (with other members of the Commission).
    • "Profit Maximization and International Competition," Forthcoming in Richard O'Brien (ed.), Finance and the International Economy: 5—The AMEX Bank Review Prize Essays, Oxford University Press, 1991.
    • "Is the National Debt Really—I Mean, Really—A Burden?" in Debt and the Twin Deficits Debate, edited by James Rock, Mayfield Publishing Company, 1991.
    • "Why Are Prices Sticky? Preliminary Results from an Interview Study," American Economic Review, May 1991, pp. 89-96. Reprinted in E. Sheshinski and Y. Weiss, Optimal Pricing, Inflation, and the Cost of Price Adjustment (MIT Press, 1993).
    • "The Supply of and Demand for Macroeconomic Advice" (printed in Finnish as "Talouspoliittinen neuvonanto - kysyntä ja tarjonta"), Finnish Economic Journal, vol. 87, January 1991, pp. 80-90.
    • "Taking Stock: A Critical Assessment of Recent Research on Inventories," Journal of Economic Perspectives, Winter 1991, pp. 73-96 (with Louis J. Maccini).

    1990

    • "A Shred of Evidence on Theories of Wage Stickiness," Quarterly Journal of Economics, vol. 55, Issue 4, November 1990 (with Don H. Choi), pp. 1003-1015.
    • "Learning By Asking Those Who Are Doing," Eastern Economic Journal, vol. 16, no. 4, October/December 1990, pp. 297-306.
    • "Economic Policy and Economic Science: The Case of Macroeconomics," in Perspective 2000, edited by K. Newton, T. Schweitzer, and J.-P Voyer, Economic Council of Canada, 1990.
    • "A Report on the Evidence: Pay, Participation, and Productivity," The Brookings Review, Winter 1989/90.

    1989

    • "In Honor of Robert M. Solow: Nobel Laureate in 1987," Journal of Economic Perspectives, vol. 3, no. 3, Summer 1989.
    • "The Monetary-Fiscal Transition in the United States," Institute of Fiscal and Monetary Policy, Financial Review (Tokyo), May 1989 (published in Japanese translation).
    • "The Stylized Facts About Credit Aggregates," in Macroeconomics Under Debate, Harvester-Wheatsheaf, 1989.
    • "The Comparative Statics of a Credit-Rationing Bank," in Macroeconomics Under Debate, Harvester-Wheatsheaf, 1989.

    1988

    • "The Fall and Rise of Keynesian Economics," The Economic Record, December 1988. Reprinted in P. Maxwell (ed.), Macroeconomics: Contemporary Australian Readings, Harper & Row, 1991.
    • "The Challenge of High Unemployment," American Economic Review, vol. 78, no. 2, May 1988.
    • "Credit, Money, and Aggregate Demand," American Economic Review Papers and Proceedings, vol. 78, no. 2, May 1988 (with Ben S. Bernanke). Reprinted in N. G. Mankiw and D. Romer (eds.), New Keynesian Economics (MIT Press, 1991), and in D. Laidler (ed.), The Foundations of Monetary Economics (Edward Elgar, 1999).
    • "The Life-Cycle Permanent-Income Model and Consumer Durables," Annales d'Economie et de Statistique, Jan.-Mar. 1988 (with Avner Bar-Ilan).
    • "Why Is the Government in the Pension Business?," in Susan Wachter (ed.), Social Security and Private Pensions: Providing for Retirement in the Twenty-First Century, D.C. Heath, 1988.
    • "The Rules-versus-Discretion Debate in the Light of Recent Experience," Weltwirtschaftliches Archiv, September 1987 (reprinted in H. Giersch (ed.), Macro and Micro Policies for More Growth and Employment, J. C. B. Mohr, 1988, pp. 45-63).

    1987

    • "Credit Rationing and Effective Supply Failures," Economic Journal, June 1987, pp. 327-352.
    • "Keynes, Lucas, and Scientific Progress," American Economic Review, May 1987, pp. 130-136 (reprinted in John Maynard Keynes (1883-1946), Volume II, edited by Mark Blaug (Edgar Elger Publishing Co., 1991, pp. 188-194).
    • "Credit Rationing and Aggregate Supply in Economies with Less-Developed Financial Systems," Conference on Economic Development and Social Welfare in Taiwan, Volume I, Institute of Economics, Academia Sinica, Taipei, Taiwan, January 6-7, 1987, pp. 41-53.

    1986

    • "Keynes After Lucas," Eastern Economic Journal, July-September 1986, pp. 209-216.

    • "Can the Production Smoothing Model of Inventory Behavior be Saved?" Quarterly Journal of Economics, August 1986, pp. 431-453.

    • "More on the Speed of Adjustment in Inventory Models," Journal of Money, Credit and Banking, August 1986, pp. 355-365.

    • "A Skeptical Note on the New Econometrics," in M. H. Peston and R. E. Quandt (eds.), Prices, Competition and Equilibrium: Essays in Honor of William J. Baumol ( London: Philip and Alan), 1986.

    • "Inventory Fluctuations in the United States Since 1929," in R. J. Gordon (ed.) The American Business Cycle: Continuity and Change, National Bureau of Economic Research, 1986 (with Douglas Holtz-Eakin).

    • "Macroeconomics, Income Distribution, and Poverty," in S. Danziger (ed.), Fighting Poverty: What Works and What Does Not, Harvard University Press, 1986 (with Rebecca M. Blank), pp. 180-208.

    1985

    • "The Time Series Consumption Function Revisited," Brookings Papers on Economic Activity 2: 1985, pp. 465-511 (with Angus S. Deaton).

    • "The Policy Mix: Lessons from the Recent Past," in The Economic Outlook for 1986, University of Michigan, 1985. (Reprinted with changes in Economic Outlook USA, First Quarter 1986, pp. 3-8.)

    • "Notches," American Economic Review, September 1985, pp. 736-747 (with Harvey S. Rosen).

    1984

    • "A Keynesian Revival ...?" in A. Heertje (ed.), The U.S.A. in the World Economy (Freeman Cooper), 1984, pp. 106-113.

    • "Public Opinion and the Balanced Budget," American Economic Review, May 1984, pp. 144-149 (with Douglas Holtz-Eakin).

    • "Reaganomics and Growth: The Message in the Models," in C. Hulten and B. Sawhill (eds.), The Legacy of Reaganomics, Urban Institute, 1984, pp. 199-227.

    • "Aggregation and Stabilization Policy in a Multi-Contract Economy," Journal of Monetary Economics, January 1984 (with N. Gregory Mankiw).

    1983

    • "Money, Credit Constraints, and Economic Activity," American Economic Review, May 1983, pp. 297-302 (with Joseph E. Stiglitz).

    • "Issues in the Coordination of Monetary and Fiscal Policy," in Monetary Policy Issues in the 1980s, Federal Reserve Bank of Kansas City, 1983, pp. 3-34. (Partially reprinted in T. M. Havrilesky [ed.], Modern Concepts in Macroeconomics, Harlan Davidson, 1985.)

    • "On the Monetization of Deficits," in L. H. Meyer (ed.), The Economic Consequences of Government Deficits, Center for the Study of American Business, 1983). Also reprinted in Spanish, "Acerca de la monetizacion de los deficit," in Cuadernos Economicos de Ice, no. 28, 1984/3, pp. 39-68.

    • "Social Security, Bequests, and the Life-Cycle Theory of Savings: Cross-Sectional Tests," in R. Hemming and F. Modigliani (eds.), The Determinants of National Savings and Wealth, International Economic Association, 1983 (with Roger Gordon and Donald Wise).

    • "Conversations with Neo-Keynesian Economists: The Younger Generation," in A. Klamer, Conversations with Economists, Rowman & Allenheld, 1983, pp. 151-169.

    1982

    • "Inventories and Sticky Prices: More on the Microfoundations of Macroeconomics," American Economic Review, June 1982, pp. 334-348. Reprinted in J. P. Benassy (ed.), Macroeconomics and Imperfect Competition, Edward Elgar Publishing Co., 1995, pp. 245-262.

    • "The Anatomy of Double Digit Inflation in the 1970s," in Robert E. Hall (ed.), Inflation, University of Chicago Press for NBER, 1982, pp. 26l-282.

    • "On Making the Tradeoff between Equality and Efficiency Operational," in G. Feiwel (ed.), Samuelson and Neoclassical Economics, Kluwer-Nijhoff, 1982, pp. 317-328.

    1981

    1980

    • "The Consumer Price Index and the Measurement of Recent Inflation," Brookings Papers on Economic Activity, 2: 1980, pp. 539-565.

    • "Market Wages, Reservation Wages, and Retirement Decisions," Journal of Public Economics, October 1980, pp. 277-308 (with Roger Gordon).

    • "Reconsidering the Work Disincentive Effects of Social Security," National Tax Journal, December 1980, pp. 431-442 (with Roger Gordon and Donald Wise).

    • "Inventories in the Keynesian Macro Model," Kyklos, vol. 33, no. 4, 1980, pp. 585-614.

    • "The Level and Distribution of Economic Well-Being," in M. S. Feldstein (ed.), The American Economy in Transition, University of Chicago Press for NBER, 1980, pp. 415-479.

    1979

    1978

    1977

    • "Indexing the Economy Through Financial Intermediation," in K. Brunner and A. H. Meltzer (eds.), Stabilization of the Domestic and International Economy, Carnegie-Rochester Conference Series (a supplement to the Journal of Monetary Economics), vol. 5, 1977, pp. 69-105.

    • "A Difficulty with Keynesian Models of Aggregate Demand," in A. S. Blinder and P. Friedman (eds.), Natural Resources, Uncertainty and General Equilibrium Systems: Essays in Honor of Rafael Lusky,1977.

    1976

    1975

    1974

    • "Analytical Foundations of Fiscal Policy," in A. S. Blinder, et. al., The Economics of Public Finance, The Brookings Institution, 1974, pp. 3-115 (with Robert M. Solow). Portions reprinted in R. L. Teigen (ed.), Readings in Money, National Income, and Stabilization Policy, 1978.

    • "A Micro Simulation Model of the Size Distribution of Income," Journal of Economics and Business, Fall 1974, pp. 1-9.

    • "The Economics of Brushing Teeth," Journal of Political Economy, July-August 1974, pp. 887-891. (Swedish translation reprinted in Ekonomisk Debatt, 1987.)

    1973

    • "Does Fiscal Policy Matter?," Journal of Public Economics, November 1973, pp. 319-337 (with Robert M. Solow), ("A Correction" appears in the same Journal in 1976, pp. 183-184). Reprinted in T. M. Havrilesky and J. T. Boorman (eds.), Current Issues in Monetary Theory and Policy (AMH Publishing: 1976). Reprinted in Anthony Atkinson (ed.), Modern Public Finance, 1991. Reprinted in T. Mayer and S. M. Sheffrin (eds.), Fiscal and Monetary Policy, Volume I, Edward Elgar Publishing Co., 1995, pp. 266-284.

    • "A Model of Inherited Wealth," Quarterly Journal of Economics, November 1973, pp. 608-626.

    • "Wage Discrimination: Reduced Form and Structural Estimates," Journal of Human Resources, Fall 1973, pp. 436-455. Reprinted in W. Darity, Jr. (ed.), Economics and Discrimination, Volume II, Edward Elgar Publishing Co., 1995, pp. 295-301.

    • "Can Income Tax Increases Be Inflationary? An Expository Note," National Tax Journal, June 1973, pp. 295-301.

    1972