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Recent manuscripts

A Diamond-Townsend Model of Business Cycles (with Tore Ellingsen): March 10, 2025. First version July 20, 2023. New version

Modelling earnings dynamics using metalog distributions (with Paul Klein) November 28,  2023. First version January 11, 2023. New version

Money Demand Recessions (with Tore Ellingsen): July 10, 2021.  (old wp: SSE 2015:1 ) 

Monetary Policy in Incomplete Markets (with Tore Ellingsen): April 17, 2018. 

Wealth Inequality and Liquidity (with Andrea Camilli and Marta Giagheddu) 

Publications  (Download at Ideas/RePEc)

Skewed Idiosyncratic Income Risk over the Business-Cycle: Sources and Insurance (with Christopher Busch, Fatih Guvenen, and Rocio Holgado), (previously titled Asymmetric Business-Cycle Risk and Social Insurance NBER wp 24569),  American Economic Journal: Macroeconomics, 2022, 14(2), pp. 207-42

Rational Bubbles in UK Housing Markets: Comment on “No-Bubble Condition: Model-Free Tests in Housing Markets”  (with Tore Ellingsen), Econometrica, 2020, 88(4), pp. 1755-1766

Public Sector Employment and the Skill Premium: Sweden versus United States 1970-2002, (with Lars Ljungqvist):  Appendix, Scandinavian Journal of Economics, 2019, 121(1), pp. 3-31, Editor's choice for the best paper of 2019 

Rational Bubbles and Public Debt Policy: A Quantitative Analysis (with Tore Ellingsen): Appendix,  Journal of Monetary Economics,  2018, 96, pp. 109-123  

Should daycare be subsidized?, (with Paul Klein), Review of Economics Studies, 2013, 80(2), pp. 568-595

Inequality Trends in Sweden 1978-2004, (with Martin Flodén), Review of Economic Dynamics, 2010, 13(1), pp. 179-208

Rising Earnings Inequality in Sweden: The Role of Composition and Prices, Scandinavian Journal of Economics, 2008, 110(3), pp. 609-634

Population Aging and International Capital Flows, (with Martin Flodén), International Economic Review, 2006, 47(3), pp. 1013-1032

Consumption and Health, (with Magnus Johannesson), B.E. Journals  of Macroeconomics Contributions, 2006, 6(1), Article 6

The labor-supply elasticity and borrowing constraints: Why estimates are biased, (with Martin Flodén), Review of Economic Dynamics, 2006, 9(2), pp. 242-262

Optimal Capital Taxation and Labor Market Search, Review of Economic Dynamics, 2005, 8(3), pp. 623-650

Pre-announced optimal tax reform (with Paul Klein), Macroeconomic Dynamics, 2005, 9(2), pp. 150-169

On the Distributional Effects of Reducing Capital Taxes, (with Jonathan Heathcote), International Economic Review, 2004, 45(2), 523-554

Public pensions: To What Extent Do They Account for Swedish Wealth Inequality?, (with Paul Klein), Review of Economic Dynamics, 2002, 5(3), 503-534

Other publications

The effects of social insurance on income losses and gains over the business cycle (with Christopher Busch, Fatih Guvenen, and Rocio Holgado),  VoxEU,  17 October 2018

Comment on Top Incomes in Scandinavia - Recent Developments and the Role of Capital Income by Jakob Egholt Sogaard, Nordic Economic Policy Review 2018,  pp. 95-97

Hur kan vi kurera ekonomiska kriser? (with Tore Ellingsen),  Ekonomisk Debatt 4/2017

Låt alla invånare i Sverige få en betydande utbetalning, (with Tore Ellingsen),  DN-Debatt, 27 September, 2015

Risk att vi sparar oss fattiga (with Tore Ellingsen), slutreplik, DN-debatt, 5 oktober 2015 

Kinder sind keine Gummibärchen (auf Deutsch, mit Almut Balleer und Paul Klein), Frankfurter Allgemeine Blogs, September 2012.

Why day care should be subsidized (with Paul Klein), OUPblog, November 2012.