Jess Benhabib

New York University - Leonard N. Stern School of Business - Department of Economics

Professor

269 Mercer Street

7th Floor

New York, NY 10003

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

39

DOWNLOADS
Rank 20,159

SSRN RANKINGS

Top 20,159

in Total Papers Downloads

2,960

SSRN CITATIONS
Rank 1,328

SSRN RANKINGS

Top 1,328

in Total Papers Citations

395

CROSSREF CITATIONS

521

Scholarly Papers (39)

1.

Chaotic Interest Rate Rules

Number of pages: 21 Posted: 19 Aug 2001
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 386 (92,236)
Citation 2

Abstract:

Loading...

Taylor rules, chaos, periodic equilibria

2.

Human Capital and Technology Diffusion

FRB of San Francisco Working Paper No. 2003-02
Number of pages: 49 Posted: 29 Dec 2004
Jess Benhabib and Mark M. Spiegel
New York University - Leonard N. Stern School of Business - Department of Economics and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 366 (98,087)
Citation 56

Abstract:

Loading...

Human capital, technology diffusion

Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability

PIER Working Paper No. 03-005
Number of pages: 42 Posted: 22 Feb 2003
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 292 (124,813)
Citation 4

Abstract:

Loading...

Backward Looking Taylor Rules, Endogenous Cycles, Sticky Prices

Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability

NBER Working Paper No. w9558
Number of pages: 42 Posted: 15 Mar 2003 Last Revised: 13 Feb 2021
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 29 (571,983)
Citation 3

Abstract:

Loading...

Backward-Looking Interest Rate Rules, Interest Rate Smoothing and Macroeconomic Instability

Number of pages: 45 Posted: 06 Aug 2003
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 16 (665,087)
  • Add to Cart

Abstract:

Loading...

Backward-looking Taylor rules, endogenous cycles, sticky prices

4.
Downloads 304 (120,341)
Citation 111

Avoiding Liquidity Traps

Number of pages: 32 Posted: 12 Jan 2000
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 279 (131,038)
Citation 7

Abstract:

Loading...

Avoiding Liquidity Traps

Number of pages: 44 Posted: 20 Sep 2001
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 25 (598,684)
Citation 22
  • Add to Cart

Abstract:

Loading...

Taylor rules, liquidity traps, zero-bound on nominal interest rates

Avoiding Liquidity Traps

Journal of Political Economy, Vol. 110, June 2002
Posted: 30 Jul 2002
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics

Abstract:

Loading...

5.

The Perils of Taylor Rules

Number of pages: 30 Posted: 20 Aug 1999
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 205 (177,918)
Citation 88

Abstract:

Loading...

Financial Markets, the Real Economy, and Self-Fulfilling Uncertainties

Journal of Finance, Forthcoming
Number of pages: 54 Posted: 07 Mar 2017 Last Revised: 16 Jan 2019
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 183 (197,190)
Citation 2

Abstract:

Loading...

Information production, Strategic complementarity, Real economy, Two-way learning, Economic uncertainty

Financial Markets, the Real Economy, and Self-Fulfilling Uncertainties

NBER Working Paper No. w24984
Number of pages: 65 Posted: 17 Sep 2018
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 9 (721,576)
Citation 9

Abstract:

Loading...

7.

Monetary Policy and Multiple Equilibria

Board of Governors of the Federal Reserve System, FEDS No. (98-29)
Number of pages: 23 Posted: 14 Aug 1998
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 150 (233,399)
Citation 40

Abstract:

Loading...

Sentiments, Financial Markets, and Macroeconomic Fluctuations

Journal of Financial Economics (JFE), Vol. 120, No. 2, 2016
Number of pages: 45 Posted: 09 Feb 2015 Last Revised: 18 Sep 2016
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 124 (272,081)
Citation 5

Abstract:

Loading...

Sentiments, Asset Prices, Feedback, Real Economy, Self-fulfilling Equilibrium

Sentiments, Financial Markets, and Macroeconomic Fluctuations

NBER Working Paper No. w21294
Number of pages: 52 Posted: 22 Jun 2015 Last Revised: 08 Mar 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 19 (642,306)
Citation 2

Abstract:

Loading...

9.

Redistribution, Taxes, and the Median Voter

FRB of Chicago Working Paper No. 2006-02
Number of pages: 24 Posted: 10 Mar 2006
Marco Bassetto and Jess Benhabib
Federal Reserve Bank of Chicago and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 140 (246,887)
Citation 8

Abstract:

Loading...

Redistribution, Median Voter, Capital Income Taxes, Gorman Aggregation

10.

Moderate Inflation and the Deflation-Depression Link

Federal Reserve Bank of San Francisco Working Paper No. 2006-32
Number of pages: 20 Posted: 05 Aug 2007
Jess Benhabib and Mark M. Spiegel
New York University - Leonard N. Stern School of Business - Department of Economics and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 71 (386,870)

Abstract:

Loading...

inflation, growth, empirics

Liquidity Traps and Expectation Dynamics: Fiscal Stimulus or Fiscal Austerity?

Bank of Finland Research Discussion Paper No. 27/2012
Number of pages: 37 Posted: 10 Nov 2012
Jess Benhabib, George W. Evans and Seppo Honkapohja
New York University - Leonard N. Stern School of Business - Department of Economics, University of Oregon - Department of Economics and Aalto University School of Business
Downloads 41 (506,994)

Abstract:

Loading...

adaptive learning, monetary policy, fiscal policy, zero interest rate lower bound

Liquidity Traps and Expectation Dynamics: Fiscal Stimulus or Fiscal Austerity?

NBER Working Paper No. w18114
Number of pages: 33 Posted: 26 May 2012
Jess Benhabib, George W. Evans and Seppo Honkapohja
New York University - Leonard N. Stern School of Business - Department of Economics, University of Oregon - Department of Economics and Aalto University School of Business
Downloads 18 (649,830)
Citation 3

Abstract:

Loading...

12.
Downloads 54 (443,444)
Citation 19

Optimal Migration: A World Perspective

NBER Working Paper No. w12871
Number of pages: 32 Posted: 31 Jan 2007 Last Revised: 04 Mar 2021
Jess Benhabib and Boyan Jovanovic
New York University - Leonard N. Stern School of Business - Department of Economics and New York University - Department of Economics
Downloads 53 (454,539)
Citation 1

Abstract:

Loading...

Optimal Migration: A World Perspective

International Economic Review, Vol. 53, Issue 2, pp. 321-348, 2012
Number of pages: 28 Posted: 23 May 2012
Jess Benhabib and Boyan Jovanovic
New York University - Leonard N. Stern School of Business - Department of Economics and New York University - Department of Economics
Downloads 1 (798,118)
  • Add to Cart

Abstract:

Loading...

13.

Homework in Macoreconomics I: Basic Theory (Part I of Ii)

NBER Working Paper No. w3344
Number of pages: 87 Posted: 26 May 2004 Last Revised: 21 Feb 2021
Jess Benhabib, Randall Wright and Richard Rogerson
New York University - Leonard N. Stern School of Business - Department of Economics, University of Wisconsin - Madison - Department of Finance, Investment and Banking and Arizona State University (ASU) - Economics Department
Downloads 44 (483,463)

Abstract:

Loading...

14.

Skewed Wealth Distributions: Theory and Empirics

NBER Working Paper No. w21924
Number of pages: 48 Posted: 25 Jan 2016
Jess Benhabib and Alberto Bisin
New York University - Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics
Downloads 42 (492,205)
Citation 24

Abstract:

Loading...

Self-Fulfilling Risk Panics: An Expected Utility Framework

NYU Stern School of Business Forthcoming
Number of pages: 26 Posted: 21 Jan 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 40 (511,792)

Abstract:

Loading...

Self-Fulfilling Risk Panics: An Expected Utility Framework

NBER Working Paper No. w28284, NYU Stern School of Business Forthcoming
Number of pages: 27 Posted: 28 Dec 2020 Last Revised: 14 Apr 2021
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and Peking University HSBC Business School
Downloads 1 (798,118)
  • Add to Cart

Abstract:

Loading...

16.

Endogenous Information Acquisition and Countercyclical Uncertainty

Journal of Economic Theory, Vol. 165, 2016
Number of pages: 49 Posted: 19 Sep 2016
Jess Benhabib, Xuewen Liu and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, University of Hong Kong (HKU) - Finance Area, Faculty of Business and Economics and HKUST, Department of Economics
Downloads 37 (515,126)
Citation 1

Abstract:

Loading...

Information acquisition, Countercyclical uncertainty, Strategic complementarity and substitutability, Resource misallocation

17.
Downloads 37 (515,126)
Citation 1

Uncertainty and Sentiment-Driven Equilibria

FRB of St. Louis Working Paper No. 2013-011A
Number of pages: 24 Posted: 11 Mar 2013
Jess Benhabib, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 26 (591,715)

Abstract:

Loading...

Keynesian Self-fulfilling Equilibria, Sentiments, Extrinsic Uncertainty, Sunspots

Uncertainty and Sentiment-Driven Equilibria

NBER Working Paper No. w18878
Number of pages: 25 Posted: 31 Jul 2013 Last Revised: 31 Jan 2021
Jess Benhabib, Pengfei Wang, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, Peking University HSBC Business School, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 11 (705,255)

Abstract:

Loading...

18.

Chaotic Interest Rate Rules: Expanded Version

NBER Working Paper No. w10272
Number of pages: 21 Posted: 31 Jan 2004 Last Revised: 28 Jul 2010
New York University - Leonard N. Stern School of Business - Department of Economics, Centre for Economic Policy Research (CEPR) and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 35 (525,005)
Citation 3

Abstract:

Loading...

19.
Downloads 34 (530,152)
Citation 50

Sentiments and Aggregate Demand Fluctuations

FRB of St. Louis Working Paper No. 2012-039B
Number of pages: 38 Posted: 24 Sep 2012 Last Revised: 26 Sep 2014
Jess Benhabib, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 21 (627,490)

Abstract:

Loading...

Keynesian Self-fulfilling, Equilibria, Sentiments, Sunspots

Sentiments and Aggregate Demand Fluctuations

NBER Working Paper No. w18413
Number of pages: 38 Posted: 22 Sep 2012 Last Revised: 25 Apr 2021
Jess Benhabib, Pengfei Wang and Yi Wen
New York University - Leonard N. Stern School of Business - Department of Economics, HKUST, Department of Economics and Federal Reserve Bank of St. Louis - Research Department
Downloads 13 (689,040)
Citation 18

Abstract:

Loading...

20.

Reestablishing the Income-Democracy Nexus

NBER Working Paper No. w16832
Number of pages: 31 Posted: 28 Feb 2011 Last Revised: 09 Mar 2011
Jess Benhabib, Alejandro Corvalan and Mark M. Spiegel
New York University - Leonard N. Stern School of Business - Department of Economics, Universidad Diego Portales - Facultad de Economía y Empresa and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 33 (535,296)

Abstract:

Loading...

21.

Externalities and Growth Accounting

NBER Working Paper No. w3190
Number of pages: 64 Posted: 18 Sep 2007 Last Revised: 21 Sep 2010
Jess Benhabib and Boyan Jovanovic
New York University - Leonard N. Stern School of Business - Department of Economics and New York University - Department of Economics
Downloads 26 (575,007)

Abstract:

Loading...

22.

Reconciling Models of Diffusion and Innovation: A Theory of the Productivity Distribution and Technology Frontier

NBER Working Paper No. w23095
Number of pages: 33 Posted: 30 Jan 2017
Jess Benhabib, Jesse Perla and Christopher Tonetti
New York University - Leonard N. Stern School of Business - Department of Economics, University of British Columbia (UBC) and New York University (NYU)
Downloads 25 (581,342)
Citation 1

Abstract:

Loading...

23.

A Note on Regime Switching, Monetary Policy, and Multiple Equilibria

NBER Working Paper No. w14770
Number of pages: 13 Posted: 05 Mar 2009
Jess Benhabib
New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 25 (581,342)

Abstract:

Loading...

24.

The Distribution of Wealth and Fiscal Policy in Economies with Finitely Lived Agents

NBER Working Paper No. w14730
Number of pages: 35 Posted: 21 Feb 2009 Last Revised: 02 Apr 2021
Jess Benhabib and Alberto Bisin
New York University - Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics
Downloads 25 (581,342)
Citation 33

Abstract:

Loading...

25.

Learning, Large Deviations and Rare Events

NBER Working Paper No. w16816
Number of pages: 46 Posted: 28 Feb 2011
Jess Benhabib and Chetan Dave
New York University - Leonard N. Stern School of Business - Department of Economics and University of Alberta - Department of Economics
Downloads 23 (594,231)
Citation 2

Abstract:

Loading...

26.

Wealth Distribution and Social Mobility in the Us: A Quantitative Approach

NBER Working Paper No. w21721
Number of pages: 36 Posted: 16 Nov 2015 Last Revised: 09 May 2021
Jess Benhabib, Alberto Bisin and Mi Luo
New York University - Leonard N. Stern School of Business - Department of Economics, New York University (NYU) - Department of Economics and New York University (NYU)
Downloads 22 (600,856)
Citation 30

Abstract:

Loading...

27.

The Anatomy of Sentiment-Driven Fluctuations

NBER Working Paper No. w23136
Number of pages: 41 Posted: 07 Feb 2017 Last Revised: 21 Mar 2021
Sushant Acharya, Jess Benhabib and Zhen Huo
Federal Reserve Banks - Federal Reserve Bank of New York, New York University - Leonard N. Stern School of Business - Department of Economics and Yale University - Department of Economics
Downloads 20 (614,226)

Abstract:

Loading...

28.

Age, Luck, and Inheritance

NBER Working Paper No. w14128
Number of pages: 64 Posted: 30 Jun 2008 Last Revised: 10 Aug 2010
Jess Benhabib and Shenghao Zhu
New York University - Leonard N. Stern School of Business - Department of Economics and New York University (NYU) - Department of Economics
Downloads 19 (621,096)

Abstract:

Loading...

29.

Catch-Up and Fall-Back Through Innovation and Imitation

NBER Working Paper No. w18091
Number of pages: 33 Posted: 19 May 2012 Last Revised: 17 Oct 2012
Jess Benhabib, Jesse Perla and Christopher Tonetti
New York University - Leonard N. Stern School of Business - Department of Economics, University of British Columbia (UBC) and New York University (NYU)
Downloads 13 (663,649)
Citation 8

Abstract:

Loading...

30.

The Wealth Distribution in Bewley Models with Investment Risk

NBER Working Paper No. w20157
Number of pages: 35 Posted: 28 Jul 2014 Last Revised: 29 Jan 2021
Jess Benhabib, Alberto Bisin and Shenghao Zhu
New York University - Leonard N. Stern School of Business - Department of Economics, New York University (NYU) - Department of Economics and New York University (NYU) - Department of Economics
Downloads 11 (678,463)

Abstract:

Loading...

31.

Financial Constraints, Endogenous Markups, and Self-Fulfilling Equilibria

NBER Working Paper No. w18074
Number of pages: 29 Posted: 12 May 2012
Jess Benhabib and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics and HKUST, Department of Economics
Downloads 10 (685,929)
Citation 8

Abstract:

Loading...

32.

Adverse Selection and Self-Fulfilling Business Cycles

NBER Working Paper No. w20642
Number of pages: 52 Posted: 03 Nov 2014
Jess Benhabib, Feng Dong and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics, Tsinghua University - School of Economics and Management and HKUST, Department of Economics
Downloads 9 (693,512)
Citation 2

Abstract:

Loading...

33.

Sentiments and Economic Activity: Evidence from U.S. States

NBER Working Paper No. w23899
Number of pages: 40 Posted: 09 Oct 2017 Last Revised: 21 Apr 2021
Jess Benhabib and Mark M. Spiegel
New York University - Leonard N. Stern School of Business - Department of Economics and Federal Reserve Bank of San Francisco - Economic Research Department
Downloads 8 (701,013)
Citation 8

Abstract:

Loading...

34.

Private Information and Sunspots in Sequential Asset Markets

NBER Working Paper No. w20044
Number of pages: 25 Posted: 14 Apr 2014 Last Revised: 09 Apr 2021
Jess Benhabib and Pengfei Wang
New York University - Leonard N. Stern School of Business - Department of Economics and HKUST, Department of Economics
Downloads 8 (701,013)

Abstract:

Loading...

35.

Optimal Positive Capital Taxes at Interior Steady States

NBER Working Paper No. w25895
Number of pages: 38 Posted: 07 Jun 2019 Last Revised: 04 Apr 2021
Jess Benhabib and Balint Szoke
New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 6 (716,362)
Citation 1

Abstract:

Loading...

36.

Persistence of Business Cycles in Multisector RBC Models

New York University WP 97-19
Posted: 02 Mar 1998
New York University - Leonard N. Stern School of Business - Department of Economics, Board of Governors of the Federal Reserve System and University of Maryland - Department of Economics

Abstract:

Loading...

37.

On Cycles and Chaos in Economics

STUDIES IN NONLINEAR DYNAMICS AND ECONOMETRICS, Vol. 1, No. 1
Posted: 28 Apr 1997
Jess Benhabib
New York University - Leonard N. Stern School of Business - Department of Economics

Abstract:

Loading...

38.

Indeterminacy and Sector-Specific Externalities

CEPR Discussion Paper Series 1403
Posted: 06 Jan 1997
Jess Benhabib and Roger E. A. Farmer
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics

Abstract:

Loading...

39.

The Monetary Transmission Mechanism

CEPR Discussion Paper Series No. 1404
Posted: 16 Dec 1996
Jess Benhabib and Roger E. A. Farmer
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics

Abstract:

Loading...