Eric R. Young



Curriculum Vitae


Published Papers


"Rational Inattention and Dynamics of Consumption and Wealth in General Equilibrium" with Yulei Luo, Jun Nie, and Gaowang Wang. Journal of Economic Theory 172, pp. 55-87.


"Bankruptcy and Delinquency in a Model of Unsecured Debt" with Kartik Athreya, Juan M. Sánchez, and Xuan S. Tam. Forthcoming, International Economic Review.


"Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective" with Gianluca Benigno, Huigang Chen, Christopher Otrok, and Alessandro Rebucci. Journal of Monetary Economics 84, pp. 147-165.


"Induced Uncertainty, Market Price of Risk, and the Dynamics of Consumption and Wealth" with Yulei Luo. Journal of Economic Theory 163, pp. 1-41.


"Zero Growth and Long-Run Inequality" with Daniel R. Carroll. Federal Reserve Bank of Cleveland Economic Commentary 2015-11.


"Long-Run Consumption Risk and Asset Allocation under Recursive Utility and Rational Inattention" with Yulei Luo. Journal of Money, Credit, and Banking 48(2-3), pp. 325-362.


"Labor Market Upheaval, Default Regulations, and Consumer Debt" with Kartik Athreya, Juan M. Sánchez, and Xuan S. Tam. Review of Economic Dynamics 18(1), pp. 32-52.


"Loan Guarantee Programs for Unsecured Consumer Credit Markets" with Kartik Athreya and Xuan S. Tam. Federal Reserve Bank of Richmond Economic Quarterly 100(4), pp. 297-352.


"Slow Information Diffusion and the Inertial Behavior of Durables Consumption" with Yulei Luo and Jun Nie. Journal of the European Economic Association 13(5), pp. 805-840.


"Model Uncertainty and Intertemporal Tax Smoothing" with Yulei Luo and Jun Nie. Journal of Economic Dynamics and Control 45, pp. 289-314.


"Robust Control, Informational Frictions, and International Consumption Correlations" with Yulei Luo and Jun Nie. European Economic Review 67(1), pp. 1-27.


"Signal Extraction and Rational Inattention" with Yulei Luo. Economic Inquiry 52(2), pp. 811-829.


"Model Uncertainty, State Uncertainty, and State-Space Models" with Yulei Luo and Jun Nie. In Wu, Shu and Yong Zeng (eds.), State Space Models: Applications in Finance and Economics, Springer Press, pp. 91-112.


"Financial Crises and Macro-Prudential Policies" with Gianluca Benigno, Huigang Chen, Christopher Otrok, and Alessandro Rebucci. Journal of International Economics 89(2), pp. 453-470.


"Robust Policymaking in the Face of Sudden Stops". Journal of Monetary Economics 59(5), pp. 512-527.


"Robustness, Information-Processing Constraints, and the Current Account in Small Open Economies" with Yulei Luo and Jun Nie. Journal of International Economics 88(1), pp. 104-120.


"Debt Default and the Insurance of Labor Income Risk" with Kartik Athreya and Xuan S. Tam. Federal Reserve Bank of Richmond Economic Quarterly 98(4), pp. 255-307.


"A Quantitative Theory of Information and Unsecured Credit" with Kartik Athreya and Xuan S. Tam. American Economic Journal: Macroeconomics 4(3), pp. 153-183.


"Revisiting Overborrowing and its Policy Implications" with Gianluca Benigno, Huigang Chen, Christopher Otrok, and Alessandro Rebucci. In Céspedes, Luis Felipe, Robert Chang, and Diego Saravia (eds.), Monetary Policy under Financial Turbulence, Central Bank of Chile, pp. 145-185.


"The Long Run Effects of Changes in Tax Progressivity" with Daniel R. Carroll. Journal of Economic Dynamics and Control 35(9), pp. 1451-1473.


"Risk-sensitive Consumption and Savings under Rational Inattention" with Yulei Luo. American Economic Journal: Macroeconomics 2(4), pp. 281-325.


"Asset Pricing under Information-Processing Constraints" with Yulei Luo. Economics Letters 107(1), pp. 26-29.


"Solving the Incomplete Markets Model with Aggregate Uncertainty Using the Krusell-Smith Algorithm and Non-Stochastic Simulations." Journal of Economic Dynamics and Control 34(1), pp. 36-41.


"Rational Inattention and Aggregate Fluctuations" with Yulei Luo. BE Journal of Macroeconomics (Contributions) 9(1), Article 14.


"The Stationary Distribution of Wealth under Progressive Taxation" with Daniel R. Carroll. Review of Economic Dynamics 12(3), pp. 469-78.


"Unsecured Credit Markets Are Not Insurance Markets" with Kartik Athreya and Xuan S. Tam. Journal of Monetary Economics 56(1) pp. 83-103.


"The Wealth Distribution and the Demand for Status" with Yulei Luo. Macroeconomic Dynamics 13(S1), pp. 1-30.


"Generalized Quasi-Geometric Discounting." Economics Letters 96(3), pp. 343-50.


"Unemployment Insurance and Capital Accumulation." Journal of Monetary Economics 51(8), pp. 1683-710.


"Money Creation, Reserve Requirements, and Seigniorage" with Joseph H. Haslag. Review of Economic Dynamics 1(3), pp. 677-98.


Working Papers


"Mobility" with Daniel R. Carroll.


"Neoclassical Inequality" with Daniel R. Carroll.


"The Politics of Flat Taxes" with Daniel R. Carroll and Jim Dolmas.


"Robust Permanent Income in General Equilibrium" with Yulei Luo and Jun Nie.


"Macro-Financial Volatility under Dispersed Information" with Jieran Wu and Jianjun Miao.


"A New Dilemma: Capital Controls and Monetary Policy in Sudden Stop Economies" with Mick Devereux and Changhua Yu.


"Optimal Policy for Macro-Financial Stability" with Gianluca Benigno, Huigang Chen, Christopher Otrok, and Alessandro Rebucci.


"Portfolio Choice with Information-Processing Limits" with Altantsetseg Batchuluun and Yulei Luo.


Eric R. Young, Department of Economics University of Virginia 224 Monroe Hall Charlottesville, VA 22904 Phone: Office (434) 924-3811 Fax: (434) 982-2904 E-mail: ey2d at virginiaedu.

Last modified: July 13, 2017.