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CURRICULUM VITAE Lars Ljungqvist May 2014 CURRICULUM VITAE Lars Ljungqvist May 2014 Office Address Department of Economics Phone: +46 8 736 92 09 Stockholm School of Economics Fax: +46 8 31 32 07 Box 6501 SE-113 83 Stockholm SWEDEN E-mail Address: [email protected] Year of birth: 1959 EDUCATION Stockholm School of Economics, 1979-1983, Economic Degree. University of Minnesota, 1984-1988, Ph.D. in Economics. Dissertation: ”A Theoretical Contribution to Old Controversies: Does Speculation Affect Exchange Rate Volatility and Do Dual Economies Exist?” (Advisor: Professor Neil Wallace). EMPLOYMENT 1988 - 1994 Assistant Professor, Department of Economics, University of Wisconsin - Madison 1994 - 1995 Assistant Professor, Department of Economics, State University of New York - Buffalo 1995 - 1996 Associate Professor (with tenure), Department of Economics, State University of New York - Buffalo 1995 - 1997 Senior Economist, Research Department, Federal Reserve Bank of Chicago 1997 - present Professor, Department of Economics, Stockholm School of Economics 2006 - present Global Distinguished Professor (visiting), Department of Economics, New York University EXTENDED VISITS 1992 Spring Visiting Fellow, Institute for International Economic Studies, University of Stockholm 1992 Fall Visiting Professor, Department of Economics, Stockholm School of Economics 2001 Fall Visiting Professor, Department of Economics, University of Texas at Austin 2002 Spring Visiting Professor, Department of Economics, Stanford University 2003 Spring Visiting Professor, Graduate School of Business, University of Chicago 2004 - 2013 Visiting Professor, Department of Economics, New York University (Spring semesters 2004-2006, and Fall semesters 2006, 2008-2013) 2007/2008 Wim Duisenberg Research Fellow, European Central Bank (Dec. 2007 - Jan. 2008) 2013 Visiting Professor, Department of Economics, Seoul National University (March - May 2013) RESEARCH FELLOW 1999 - present CEPR, Labor Economics programme 1999 - present Institute for the Study of Labor (IZA) 2001 - present CEPR, International Macroeconomics programme ASSOCIATE EDITOR 2001 - 2002 European Economic Review 2001 - 2006 Review of Economic Dynamics 2003 - 2008 Journal of the European Economic Association ACADEMIC PUBLICATIONS ”Money Does Granger-Cause Output in the Bivariate Money-Output Relation,” with Lawrence J. Christiano, Journal of Monetary Economics, vol 22, 1988, pp 217-235. ”The Convergence of Multivariate ‘Unit Root’ Distributions to their Asymptotic Limits,” with Myungsoo Park, James H. Stock, and Mark W. Watson, Journal of Economic Dynamics and Control, vol 12, 1988, pp 489-502. 2 ”Economic Underdevelopment: The Case of a Missing Market for Human Capital,” Journal of Development Economics, vol 40, 1993, pp 219-239. [Reprinted in Readings in Development Economics - Volume 1, eds. Pranab Bardhan and Christopher Udry, Cambridge, MA: MIT Press, 2000.] ”A Unified Approach to Measures of Privacy in Randomized Response Models: A Utilitarian Perspective,” Journal of the American Statistical Association, vol 88, 1993, pp 97-103. ”Asymmetric Information: A Rationale for Corporate Speculation,” Journal of Financial Intermediation, vol 3, 1994, pp 188-203. ”Hysteresis in International Trade: A General Equilibrium Analysis,” Journal of International Money and Finance, vol 13, 1994, pp 387-399. ”Wage Structure as Implicit Insurance on Human Capital in Developed versus Underdeveloped Countries,” Journal of Development Economics, vol 46, 1995, pp 35-50. ”Welfare States and Unemployment,” with Thomas J. Sargent, Economic Theory, vol 6, 1995, pp 143-160. ”The Swedish Unemployment Experience,” with Thomas J. Sargent, European Economic Review, vol 39, 1995, pp 1043-1070. ”A Supply-Side Explanation of European Unemployment,” with Thomas J. Sargent, Federal Reserve Bank of Chicago Economic Perspectives, vol 20(5), 1996, pp 2-15. ”Taxes and Subsidies in Swedish Unemployment,” with Thomas J. Sargent, The Welfare State in Transition, eds. Richard B. Freeman, Robert Topel and Birgitta Swedenborg, Chicago: University of Chicago Press, 1997, pp 299-314. ”The European Unemployment Dilemma,” with Thomas J. Sargent, Journal of Political Economy, vol. 106, 1998, pp. 514-550. “Squandering European Labour: Social Safety Nets in Times of Economic Turbulence,” Scottish Journal of Political Economy, vol. 46, 1999, pp. 367-388. ”Tax Policy and Aggregate Demand Management Under Catching Up with the Joneses,” with Harald Uhlig, American Economic Review, vol. 90, 2000, pp. 356-366. ”How Do Layoff Costs Affect Employment?” Economic Journal, vol. 112, 2002, pp. 829-853. ”European Unemployment, Labour Market Institutions and Economic Turbulence,” CESifo DICE Report, Journal for Institutional Comparisons, vol. 1, no. 2, 2003, pp. 7-12. 3 ”European Unemployment: From a Worker’s Perspective,” with Thomas J. Sargent, Knowledge, Information and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps, eds Philippe Aghion, Roman Frydman, Joseph Stiglitz and Michael Woodford, Princeton University Press, 2003, pp. 326-350. “European Unemployment and Turbulence Revisited in a Matching Model,” with Thomas J. Sargent, Journal of the European Economic Association, vol. 2, 2004, pp. 456-468. “Lotteries for Consumers versus Lotteries for Firms,” with Thomas J. Sargent, in Frontiers in Applied General Equilibrium Modeling, eds. T.J. Kehoe, T.N. Srinivasan and J. Whalley, Cambridge University Press, 2005. ”Comment” (on ‘Work and leisure in the U.S. and Europe: Why so Different?’ by Alesina, Glaeser and Sacerdote), NBER Macroeconomics Annual, eds Mark Gertler and Kenneth Rogoff, Cambridge, Massachusetts, MIT Press, 2005. ”Do Taxes Explain European Employment? Indivisible Labor, Human Capital, Lotteries, and Savings” with Thomas J. Sargent, NBER Macroeconomics Annual, eds. D. Acemoglu, K. Rogoff and M. Woodford, Cambridge, Massachusetts, MIT Press, 2006. “Understanding European Unemployment with Matching and Search-Island Models,” with Thomas J. Sargent, Journal of Monetary Economics, vol. 54, 2007, pp. 2139-2179. “Understanding European Unemployment with a Representative Family Model,” with Thomas J. Sargent, Journal of Monetary Economics, vol. 54, 2007, pp. 2180- 2204. “Two Questions about European Unemployment,” with Thomas J. Sargent, Econometrica, vol. 76, 2008, pp. 1-29. “Taxes, Benefits, and Careers: Complete versus Incomplete Markets,” with Thomas J. Sargent, Journal of Monetary Economics, vol. 55, 2008, pp. 98-125. “Lucas Critique,” The New Palgrave Dictionary of Economics, second edition, eds Steven Durlauf and Larry Blume, Palgrave Macmillan, 2008. ”How Sweden’s Unemployment Became More Like Europe’s,” with Thomas J. Sargent, Reforming the Welfare State: Recovery and Beyond in Sweden, eds., Richard B. Freeman, Birgitta Swedenborg and Robert Topel. Chicago: University of Chicago Press, 2010. ”Unemployment Crisis – Challenge and Opportunity,” CESifo Forum, vol. 11, no. 1, 2010, pp. 7-13. “A Labor Supply Elasticity Accord?” with Thomas J. Sargent, American Economic Review, vol. 101, no. 3, 2011, pp. 487-491. 4 “Career Length: Effects of Curvature of Earnings Profiles, Earnings Shocks, Taxes, and Social Security,” with Thomas J. Sargent, Review of Economic Dynamics, vol. 17, no. 1, 2014, pp. 1-20. “Comment on the Campbell-Cochrane Habit Model,” with Harald Uhlig, Journal of Political Economy, forthcoming. TEXTBOOK Recursive Macroeconomic Theory, with Thomas J. Sargent, MIT Press, 2000. Second edition, 2004. Third edition, 2012. COMMISSIONED REPORT ”The Interdependence of the Financial and the Real Sector” (in Swedish), report to the 1995 Long Term Outlook by the Swedish Ministry of Finance. (“Samspelet mellan den finansiella och den reala ekonomin”, bilaga 12, Långtidsutredningen 1995, Finansdepartementet, Stockholm 1994.) WORKING PAPERS “The Missing Swedish Skill Premium: Sweden versus the United States 1970- 2002,” with David Domeij, mimeo, August 2009. “A Life Cycle Model of Trans-Atlantic Employment Experiences,” with Sagiri Kitao and Thomas J. Sargent, mimeo, May 2009. “Optimal Endowment Destruction under Campbell-Cochrane Habit Formation,” with Harald Uhlig, NBER Working Paper, No. 14772, March 2009. ”Government Guarantees on Assets and Volatility,” mimeo, October 2002. “What Nonconvexities Really Say about Labor Supply Elasticities,” with Thomas J. Sargent, April 2014. “The Fundamental Surplus in Matching Models,” with Thomas J. Sargent, May 2014. 5.
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