Andrew Atkeson
Biographic Data
| ID | 5868032 |
|---|---|
| NAME | Andrew Atkeson |
| GIVEN NAMES | Andrew |
| FAMILY NAME | Atkeson |
| SIGNATURE | ATKESON A |
| AFFILIATIONS | National Bureau of Economic Research |
| VERIFIED | No |
| TOTAL WORKS | 7 |
| TOTAL CITATIONS | 28 |
| AUTHOR COUNT | 7 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1997 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 3 |
Oleg Itskhoki: 2022 John Bates Clark Medalist
The 2022 John Bates Clark Medal of the American Economic Association was awarded to Oleg Itskhoki, Professor of Economics at the University of California, Los Angeles for his path breaking contributions in international economics. This article summarizes Oleg Itskhoki’s work and places it in the context of the broader literature and emphasizes how it has shed new light on a number of long-standing puzzles regarding the behavior of exchange rates …
What Will Be the Economic Impact of Covid-19 in the US? Rough Estimates of Disease Scenarios
This note is intended to introduce economists to a simple SIR model of the progression of COVID-19 in the United States over the next 12-18 months.An SIR model is a Markov model of the spread of an epidemic in a population in which the total population is divided into categories of being susceptible to the disease (S), actively infected with the disease (I), and recovered (or dead) and no longer contagious (R).How an epidemic plays out over time …
Aggregate Implications of Innovation Policy
We examine the quantitative impact of changes in innovation policies on growth in aggregate productivity and output in a fairly general specification of a growth model in which aggregate productivity growth is driven by investments in innovation by imperfectly competitive firms. Our model nests several commonly used models in the literature. We present simple analytical results isolating the specific features and/or parameters of the model that p…
Innovation, Firm Dynamics, and International Trade
We present a general equilibrium model of the response of firms' decisions to operate, innovate, and engage in international trade to a change in the marginal cost of international trade. We find that, although a change in trade costs can have a substantial impact on heterogeneous firms' exit, export, and process innovation decisions, the impact of changes in these decisions on welfare is largely offset by the response of product innovation. Our …
Modeling and Measuring Organization Capital
Manufacturing plants have a clear life cycle: they are born small, grow substantially with age, and eventually die. Economists have long thought that this life cycle is driven by organization capital, the accumulation of plant‐specific knowledge. The location of plants in the life cycle determines the size of the payments, or organization rents, plant owners receive from organization capital. These payments are compensation for the interest cost …
Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets
We analyze the effects of money injections on interest rates and exchange rates when agents must pay a Baumol-Tobin-style fixed cost to exchange bonds and money. Asset markets are endogenously segmented because this fixed cost leads agents to trade bonds and money infrequently. When the government injects money through an open market operation, only those agents that are currently trading absorb these injections. Through their impact on these age…
Rate of Time Preference, Intertemporal Elasticity of Substitution, and Level of Wealth
The rate of time preference (RTP) and the intertemporal elasticity of substitution (IES) are two important factors shaping intertemporal consumption decisions. Models in which the RTP and/or the IES differ systematically between rich and poor households have different empirical and policy implications for economic development, growth, and the distribution of income and consumption from those of standard models in which these parameters are consta…
Innovation, Firm Dynamics, and International Trade
We present a general equilibrium model of the response of firms' decisions to operate, innovate, and engage in international trade to a change in the marginal cost of international trade. We find that, although a change in trade costs can have a substantial impact on heterogeneous firms' exit, export, and process innovation decisions, the impact of changes in these decisions on welfare is largely offset by the response of product innovation. Our …
Aggregate Implications of Innovation Policy
We examine the quantitative impact of changes in innovation policies on growth in aggregate productivity and output in a fairly general specification of a growth model in which aggregate productivity growth is driven by investments in innovation by imperfectly competitive firms. Our model nests several commonly used models in the literature. We present simple analytical results isolating the specific features and/or parameters of the model that p…
Modeling and Measuring Organization Capital
Manufacturing plants have a clear life cycle: they are born small, grow substantially with age, and eventually die. Economists have long thought that this life cycle is driven by organization capital, the accumulation of plant‐specific knowledge. The location of plants in the life cycle determines the size of the payments, or organization rents, plant owners receive from organization capital. These payments are compensation for the interest cost …
Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets
We analyze the effects of money injections on interest rates and exchange rates when agents must pay a Baumol-Tobin-style fixed cost to exchange bonds and money. Asset markets are endogenously segmented because this fixed cost leads agents to trade bonds and money infrequently. When the government injects money through an open market operation, only those agents that are currently trading absorb these injections. Through their impact on these age…
Rate of Time Preference, Intertemporal Elasticity of Substitution, and Level of Wealth
The rate of time preference (RTP) and the intertemporal elasticity of substitution (IES) are two important factors shaping intertemporal consumption decisions. Models in which the RTP and/or the IES differ systematically between rich and poor households have different empirical and policy implications for economic development, growth, and the distribution of income and consumption from those of standard models in which these parameters are consta…
Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets
We analyze the effects of money injections on interest rates and exchange rates when agents must pay a Baumol-Tobin-style fixed cost to exchange bonds and money. Asset markets are endogenously segmented because this fixed cost leads agents to trade bonds and money infrequently. When the government injects money through an open market operation, only those agents that are currently trading absorb these injections. Through their impact on these age…
Modeling and Measuring Organization Capital
Manufacturing plants have a clear life cycle: they are born small, grow substantially with age, and eventually die. Economists have long thought that this life cycle is driven by organization capital, the accumulation of plant‐specific knowledge. The location of plants in the life cycle determines the size of the payments, or organization rents, plant owners receive from organization capital. These payments are compensation for the interest cost …
Innovation, Firm Dynamics, and International Trade
We present a general equilibrium model of the response of firms' decisions to operate, innovate, and engage in international trade to a change in the marginal cost of international trade. We find that, although a change in trade costs can have a substantial impact on heterogeneous firms' exit, export, and process innovation decisions, the impact of changes in these decisions on welfare is largely offset by the response of product innovation. Our …
Aggregate Implications of Innovation Policy
We examine the quantitative impact of changes in innovation policies on growth in aggregate productivity and output in a fairly general specification of a growth model in which aggregate productivity growth is driven by investments in innovation by imperfectly competitive firms. Our model nests several commonly used models in the literature. We present simple analytical results isolating the specific features and/or parameters of the model that p…
What Will Be the Economic Impact of Covid-19 in the US? Rough Estimates of Disease Scenarios
This note is intended to introduce economists to a simple SIR model of the progression of COVID-19 in the United States over the next 12-18 months.An SIR model is a Markov model of the spread of an epidemic in a population in which the total population is divided into categories of being susceptible to the disease (S), actively infected with the disease (I), and recovered (or dead) and no longer contagious (R).How an epidemic plays out over time …
Oleg Itskhoki: 2022 John Bates Clark Medalist
The 2022 John Bates Clark Medal of the American Economic Association was awarded to Oleg Itskhoki, Professor of Economics at the University of California, Los Angeles for his path breaking contributions in international economics. This article summarizes Oleg Itskhoki’s work and places it in the context of the broader literature and emphasizes how it has shed new light on a number of long-standing puzzles regarding the behavior of exchange rates …
Economics (7 works) · Microeconomics (4 works) · Econometrics (3 works) · Business (2 works) · Economic theories and models (2 works) · Finance (2 works) · Finance (2 works) · Firm Innovation and Growth (2 works) · Industrial organization (2 works) · Macroeconomics (2 works)