Department of Economics
University of California, Berkeley
Berkeley, CA 94720-3880
phone: (510) 643-0720
fax: (510) 642-6615
NBER, Faculty research fellow
IZA, Research fellow
JEEA, Associate editor
SF Fed, Visiting scholar
(PDF) | Teaching | Macro/Int’l
Reading Group | Links | Research Statement
"Output Spillovers from
Fiscal Policy," with Alan Auerbach,
forthcoming in American Economic Review Papers and Proceedings 103(2013),141-146. Link (PDF, longer
version: PDF, NBER)
"What can survey forecasts
tell us about informational rigidities?" with Olivier Coibion, Journal
of Political Economy 120 (2012), 116-159. Link (NBER, PDF)
"Why are target interest
rate changes so persistent?" with Olivier Coibion, American
Economic Journal – Macroeconomics 4(2012), 126–162, Link (NBER, SSRN, PDF)
"The optimal inflation
rate in New Keynesian models," with Olivier Coibion and Johannes Wieland, Review
of Economic Studies 79(2012), 1371-1406, Link (NBER, SSRN, PDF)
"The Finnish Great Depression: From Russia with love," with Linda
Tesar and Enrique Mendoza,
Economic Review 102(2012), 1619–1644, Link
(PDF, NBER, SSRN, IZA)
constraints and innovation: Why poor countries don't catch up," with Monika
Schnitzer, Journal of European Economic Association 11(2013),
(PDF, NBER, IZA).
"Estimators for persistent
and possibly non-stationary data with classical properties," with Anna Mikusheva and Serena
Ng, Econometric Theory 28(2012), 1003–1036, Link (NBER,
"Fiscal Multipliers in Recession and
Expansion," with Alan Auerbach, in
Fiscal Policy after the Financial Crisis,
Alberto Alesina and Francesco Giavazzi, eds., University of Chicago Press,
"Measuring the Output Responses to
Fiscal Policy," with Alan Auerbach, American
Economic Journal – Economic Policy 4(2012): 1–27, Link (PDF, NBER, SSRN.).
media: VoxEU.org, International
Business Times, The
"Sensitivity of Prices to Demand Shocks:
A Natural Experiment in the San Francisco Bay Area," with Volodymyr Bilotkach and Oleksandr Talavera, Transportation Research Part A:
Policy and Practice 46(2012), 1137–1151, Link
“Individualism, innovation, and long-run growth,” with Gérard Roland, Proceedings
of the National Academy of Sciences 108(S4, 2011), 21316-21319, Link.
"Monetary Policy, Trend
Inflation and the Great Moderation: An Alternative Interpretation," with Olivier Coibion, American
Economic Review 101(2011), 341–370, Link (PDF, NBER, SSRN)
"Strategic interaction among heterogeneous price-setters in
an estimated DSGE model," with Olivier Coibion, Review
of Economics and Statistics 93(2011), 920-40, Link (NBER, SSRN, PDF)
of culture matter for long run growth?" with Gérard Roland, American
Economic Review Papers and Proceedings 101(2011), 492-498, Link (PDF)
"Myth and reality of flat
tax reform: Micro estimates of tax evasion and productivity response in Russia,"
with Jorge Martinez-Vazquez and
Sabirianova Peter, Journal of Political Economy
117(2009), 504-554, Link (SSRN, NBER, IZA).
award: National Prize in Applied Economics,
media: WSJ; VoxEU.org; Guardian.
"Estimation of DSGE models
when data are persistent," with Serena
Ng, Journal of Monetary Economics 57(2010), 325–340, Link
(PDF, NBER, SSRN)
innovation in emerging markets," with Jan Svejnar and Katherine Terrell, American Economic Journal – Macroeconomics 2(2010), 194–226, Link (PDF, NBER, IZA)
Sloan Management Review.
"Inequality and Volatility
Moderation in Russia: Evidence from Micro-Level Panel Data on Consumption and
Income," with Dmitriy
Stolyarov and Klara Sabirianova Peter,
of Economic Dynamics 13(2010),
209-237, Link (NBER, SSRN, IZA).
"Border effect or country effect? Seattle may not be so far from
Vancouver after all," with Linda
Tesar, American Economic Journal – Macroeconomics 1(2009), 219–241, Link (NBER, SSRN)
title: "Re-examination of the Border Effect in PPP Tests: Where is the
Price-Setting Strategies Different?"
with Volodymyr Bilotkach and
Oleksandr Talavera, Journal
of Air Transport Management 16(2009), 1-6, Link
Constraints and Continental Business Groups: Evidence from German Konzerns," with Dorothea Schafer and Oleksandr
Talavera, Research in International Business and Finance 23(2009), 233–242, Link
"Are oligarchs productive?
Theory and evidence," with Yegor Grygorenko, Journal of Comparative Economics
36(2008), 17-42, Link
award: Montias prize for the best article
published in the Journal of Comparative Economics in 2008-2009.
when potential output is uncertain: Understanding the growth gamble of the
1990s," with Matthew
D. Shapiro, Journal of Monetary Economics 54(4), 1132-1162. Link
"Public sector pay
and corruption: Measuring bribery from micro data," with Klara Sabirianova
Peter, Journal of Public Economics 91(2007), 963-991. Link
media: World Bank’s Beyond
"Returns to schooling
in Ukraine and Russia: A semiparametric approach to cross-country comparative
analysis," with Klara Sabirianova Peter, Journal
of Comparative Economics 33(2005), 223-240. Link
"Information Rigidity and
the Expectations Formation Process: A Simple Framework and New Facts,"
with Olivier Coibion, PDF (revise and resubmit to American Economic Review).
versions NBER, SSRN, IMF.
"The Cyclicality of Sales,
Regular and Effective Prices: Business Cycle and Policy Implications,"
with Olivier Coibion and Gee Hee Hong, PDF (NBER, IMF)
(revise and resubmit to American Economic Review)
Puzzle of Rising U.S. Unemployment Persistence," with Olivier Coibion and Dmitri Koustas, PDF (BPEA
conference draft, NBER, IZA, SSRN) (prepared for Brookings
Papers on Economic Activity)
Enterprise Institute, Al
"Is The Phillips Curve Alive and Well After
All? Inflation Expectations and the Missing Disinflation," with Olivier Coibion, PDF (NBER).
in media: Econbrowser,
"Innocent Bystanders? Monetary Policy and
Inequality in the U.S." with Olivier Coibion, Lorenz Kueng, and John
Silvia, PDF (NBER, IZA,
"Are Sticky Prices Costly?
Evidence From The Stock Market," with Michael Weber, PDF (online appendix) (NBER, SSRN).
"Macroeconomic Determinants of Retirement Timing," with Jae Song and Dmitriy Stolyarov, PDF (MRRC,
"Using the Survey of Plant Capacity to Measure Capital
Utilization," with Matthew D. Shapiro, US
Census Bureau Center for Economic Studies Discussion Paper 11-18 (July
"Culture, institutions and
the wealth of nations," with Gérard Roland, PDF.
versions NBER, CEPR, IZA, SSRN
"When does FDI have positive spillovers? Evidence from 17
emerging market economies,"
with Jan Svejnar and Katherine Terrell, PDF.
information, menu costs and inflation persistence," PDF
(revise and resubmit in Journal of Monetary Economics).
other versions NBER.
optimization to evaluate and estimate productivity and returns to scale," PDF.
title: "Estimating Returns
to Scale: Critique of Popular Estimators and New Solutions to Old
"Reduced rank identification of structural shocks in VARs," PDF.
Publications in Ukrainian
Contemporary econometric methods
in finance, Kiev, Ukraine,
2002 (with Iryna Luckyanenko)
Econometric modeling of local government
budgets, Kiev, Ukraine, 2001
(with Iryna Lukyanenko and Larisa Krasnikova)
Methodological aspects of development and
application of macroeconometric models: The case of Ukraine, Kiev, Ukraine, 2000 (with Iryna Lukyanenko
and Kwaja Sultan)
models for forecasting tax
revenues," Finance of Ukraine, 2001 (with Iryna
"The impact of tax
sharing on the effectiveness of the local tax policy," Scientific Records
of Kyiv-Mohyla Academy, 2001 (with Taras Tokarchuk)
effect: The case of Ukraine,"
Scientific Records of Kyiv-Mohyla Academy,
"Modeling monetary side of Ukraine's economy," Scientific Records of Kyiv-Mohyla Academy, 2000 (with Iryna
"Distribution of intergovernmental grants among Ukraine's
regions," Herald of the National Bank of Ukraine,
1999 (with Iryna Lukyanenko)
reform in cherkaska oblast" in The system of public finance in Ukraine:
The ways of providing transparency and optimal decentralization of financial
flows, Ihor Burakovskiy, ed., Kiev: East-West Institute, 2001.