ANTHONY A. SMITH, JR. (Tony)
William K. Lanman, Jr. Professor of Economics
Chair, Department of Economics
(in reverse chronological order; see
CV for precise citations)
Quantifying Uncertainty about Global and Regional
Economic Impacts of Climate Change (with Jenny Bjordal and Trude Storelvmo),
Environmental Research Letters, 2022.
Discussion of: "Central Bank Challenges Posed by Uncertain Climate Change and
Natural Disasters" by Lars Peter Hansen,
Journal of Monetary Economics, 2022.
Sources of U.S. Wealth Inequality: Past, Present, and Future
(with Joachim Hubmer and Per Krusell),
NBER Macroeconomics Annual 2020, Volume 35
Generalized Indirect Inference for Discrete Choice Models (with Marianne Bruins, James Duffy, and Michael Keane), Journal of Econometrics, 2018
Click here for the 2003 version.
- Environmental Macroeconomics (with John Hassler and Per Krusell),
Handbook of Macroeconomics, Volume 2B, Chapter 24, 2017.
Is Piketty's "Second Law of Capitalism" Fundamental? (with Per Krusell),
Journal of Political Economy, 2015.
Inferring Labor Income Risk and Partial Insurance From
(with Fatih Guvenen), Econometrica, 2014
replication files). [Note: This paper was previously circulated as
"Inferring Labor Income Risk From Economic Choices: An Indirect Inference Approach".]
- Modeling Earnings Dynamics (with Joseph Altonji and
Ivan Vidangos), Econometrica, 2013
data and programs).
- Asset Prices in a Huggett Economy
(with Per Krusell and Toshihiko Mukoyama),
Journal of Economic Theory, 2011
- Temptation and Taxation (with Per Krusell
and Burhanettin Kuruscu), Econometrica, 2010
Revisiting the Welfare Effects of Eliminating Business Cycles
(with Per Krusell, Toshihiko Mukoyama, and Aysegul Sahin),
Review of Economic Dynamics, 2009
[Note: This paper is the complete
version of the 2002 working paper by Krusell and Smith.]
Comment on: "Welfare Implications of the Transition to High
Household Debt" by Campbell and Hercowitz,
Journal of Monetary Economics, 2009.
- Indirect Inference, in:
The New Palgrave Dictionary of Economics, 2nd edition, 2008.
Conference commemorating the 20th anniversary of indirect inference (Universität Konstanz, May 30-31, 2014)
Conference volume (Journal of Econometrics, July 2018)
On the origins of indirect inference
Dynamic Credit Relationships in General Equilibrium (with Cheng Wang),
Journal of Monetary Economics, 2006.
- Quantitative Macroeconomic Models with
Heterogeneous Agents (with Per Krusell), in:
Advances in Economics and Econometrics: Theory and Applications,
Ninth World Congress, 2006.
Consumption-Savings Decisions with Quasi-Geometric Discounting (with Per
Krusell), Econometrica, 2003.
The Research Agenda: Tony Smith on Business Cycles
and Inequality, Economic Dynamics Newsletter, 2003.
Equilibrium Welfare and Government Policy with Quasi-geometric Discounting
(with Per Krusell and Burhanettin Kuruscu),
Journal of Economic Theory, 2002.
Time Orientation and Asset Prices (with Per Krusell and
Journal of Monetary Economics, 2002.
- Tax Policy with Quasi-Geometric Discounting
(with Per Krusell and
Burhanettin Kuruscu), International Economic Journal, 2000
(abstract at IEJ website).
On the Welfare Effects of Eliminating Business Cycles (with Per Krusell),
Review of Economic Dynamics, 1999.
- A Sequential Game Model of
Sports Championship Series: Theory and Estimation (with Christopher Ferrall), Review of Economics and Statistics, 1999.
A Method to Infer Coupon Availability from Coupon Redemption in the
Supermarket Scanner Panel Data (with Fusun Gonul),
Journal of Retailing and Consumer Services, 1999.
- All Around Improvements (with Patrick Larkey), in:
Science and Golf III: Proceedings of the World Scientific
Congress of Golf, 1999.
Income and Wealth Heterogeneity in the Macroeconomy (with Per Krusell),
Journal of Political Economy, 1998.
Click here for Rochester Center for Economic Research Working Paper No. 399
(the working paper version of the published paper).
Fortran code for computing stochastic-beta model.
Approximate Bias Correction in Econometrics (with James MacKinnon), Journal of Econometrics, 1998.
Income and Wealth Heterogeneity, Portfolio Selection, and Equilibrium Asset
Returns (with Per Krusell), Macroeconomic Dynamics, 1997.
Fractional Integration with Drift: Estimation in Small
Samples (with Fallaw Sowell and Stanley Zin),
Empirical Economics, 1997.
- Rules of Thumb in Macroeconomic
Equilibrium: A Quantitative Analysis (with Per Krusell),
Journal of Economic
Dynamics and Control, 1996.
Estimating Nonlinear Time-series Models Using
Simulated Vector Autoregressions, Journal of Applied