Aleh Tsyvinski, Papers

Sorting with Teams (with Job Boerma and Alexander P. Zimin), 2025, Journal of Political Economy 133, no. 2: 421-454. [paper]

The Political Development Cycle: The Right and The Left in People's Republic of China from 1953 [Older version 1953-2011 | Older data version] (with Anton Chermukhin, Mikhail Golosov, and Sergei Guriev), 2024, American Economic Review 114, no. 4: 1107-1139. [Paper | Online Appendix]

A Dynamic Model of Input-Output Networks (with Ernest Liu), 2024, Review of Economic Studies 91, no. 6: 3608-3644. [paper]

Information Aggregation with Asymmetric Asset Payoffs (with Elias Albagli and Christian Hellwig), 2024, Journal of Finance 79(4), pp.2715-2758. [paper]

Imperfect Financial Markets and Shareholder Incentives in Partial and General Equilibrium (with Elias Albagli and Christian Hellwig), 2023, American Economic Review 113(9), pp.2323-2354. [paper]

Generalized Compensation Principle (with Karl Shultz and Nicolas Werquin), 2022, Theoretical Economics 18(4), pp.1665-1710. [paper]

Taxes and Turnout: When the Decisive Voter Stays at Home. (with Felix Bierbrauer and Nicolas Werquin), 2021, accepted to American Economic Review 112, no. 2 (2022): 689-719. [paper]

Distortions and the Structure of the World Economy (with Lorenzo Caliendo and Fernando Parro), 2022, AEJ:Macro 14(4), 274-308. [paper]

Common Risk Factors in Cryptocurrency (with Yukun Liu & Xi Wu), 2021, accepted to Journal of Finance. [paper]

Risks and Returns of Cryptocurrency (with Yukun Liu), 2021, The Review of Financial Studies 34, no. 6. [paper]

Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium (with Dominik Sachs and Nicolas Werquin), 2020, Econometrica 88, no. 2 (2020): 469-493 [Paper]

The Industrialization and Economic Development of Russia through the Lens of a Neoclassical Growth Model (with Anton Cheremukhin, Mikhail Golosov, Sergei Guriev), 2017, Review of Economic Studies, 84 (2): 613-649. [Paper]

Redistribution and Social Insurance (with Mikhail Golosov and Maxim Troshkin), 2016, American Economic Review, 106(2): 359-386. [Paper]

Recursive Contracts and Endogenously Incomplete Markets (with Mikhail Golosov and Nicolas Werquin), 2016, In Handbook of Macroeconomics , Vol. 2, pp. 725-841, Elsevier. [Paper]

Policy Implications of Dynamic Public Finance (with Mikhail Golosov), 2015, Annual Review of Economics, 7: 147–171. [Paper]

Decentralized Trading with Private Information (with Mikhail Golosov and Guido Lorenzoni), 2014, Econometrica, 82(3): 1055-1091. [Paper]

Dynamic Strategic Information Transmission (with Mikhail Golosov, Vasiliki Skreta and Andrea Wilson), 2014, Journal of Economic Theory, 151: 304-341. [Paper]

Optimal Taxes on Fossil Fuel in General Equilibrium (with Michael Golosov, John Hassler, and Per Krussel), 2014, Econometrica, 82(1): 41-88. [Paper | Sensitivity Analysis, by Lint Barrage]

Optimal Pension Systems with Simple Instruments (with Mikhail Golosov, Ali Shourideh, and Maxim Troshkin), May 2013, American Economic Review Papers and Proceedings, 103(3): 502-507. [Paper]

Preference Heterogeneity and Optimal Captial Income Taxation (with Mikhail Golosov, Maxim Troshkin, and Matthew Weinzierl), 2013, Journal of Pubic Economics, 97: 160-175. [Paper]

A Dynamic Theory of Resource Wars (with Daron Acemoglu, Michael Golosov and Pierre Yared), 2012, Quarterly Journal of Economics, 127(1): 283-331. [Paper | Appendix]

Prizes and Patents: Using Market Signals to Provide Incentives for Innovations (with V.V. Chari and Mikhail Golosov), 2012, Journal of Economic Theory, 147(2): 781-801. [Paper]

Power Fluctuations and Political Economy (with D. Acemoglu and M. Golosov), 2011, Journal of Economic Theory, 143(3), 1007-1041. [Paper]

Optimal Taxation: Merging Micro and Macro Approaches (with Mikhail Golosov and Maxim Troshkin), 2011, Journal of Money, Credit, and Banking, 43: 147-174. [Paper]

Political Economy of Ramsey Taxation (with Daron Acemoglu and Michael Golosov), 2011, Journal of Public Economics, 95(7-8): 467-475. [Paper]

Dynamic Mirrlees Taxation under Political Economy Constraints (with Daron Acemoglu and Michael Golosov), 2009, Review of Economic Studies, 77(3): 841-881. [Paper]

A Theory of Liquidity and Regulation of Financial Intermediation (with E. Farhi and M. Golosov), 2009, Review of Economic Studies, 76(3): 973-992. [Paper]

Political Economy of Mechanisms (with D. Acemoglu and M. Golosov), 2008, Econometrica, 76(3): 619-641. [Paper]

Markets versus Governments (with D. Acemoglu and M. Golosov) 2007, Journal of Monetary Economics, 55(1), (2008): 159-189. [Paper]

Optimal Taxation with Endogenous Insurance Markets (with M.Golosov), 2007, Quarterly Journal of Economics, 122(2): 487-534. [Paper]

Self-fulfilling Currency Crisis: The Role of Interest Rates (with C. Hellwig and A. Mukherji), 2006, American Economic Review, 96(5): 1769-1787. [Paper]

Designing Optimal Disability Insurance: A Case for Asset Testing (with M. Golosov), 2006, Journal of Political Economy, 114(2): 257-279. [Paper | Supplement]

Optimal Indirect and Capital Taxation (with M. Golosov and N. Kocherlakota), 2003, Review of Economic Studies, 70(3): 569-588. [Paper]

New Dynamic Public Finance: a User’s Guide (with M. Golosov and I.Werning), 2006, NBER Macro Annual. [Paper]

Political Economy of Intermediate Goods Taxation (D. Acemoglu and M. Golosov), 2007, Journal of European Economic Association Papers and Proceedings. [Paper]

Optimal Fiscal and Monetary Policy with Commitment (with M. Golosov), The New Palgrave: A Dictionary of Economics, 2nd ed., Palgrave Macmillan. [Paper]

Optimal Fiscal and Monetary Policy without Commitment (with M. Golosov), forthcoming The New Palgrave: A Dictionary of Economics, 2nd ed., Palgrave Macmillan. [Paper]

Macroeconomics of Mental Health (with Boaz Abramson and Job Boerma), April 2024, Reject and Resubmit to Quarterly Journal of Economics. [paper]

One Factor to Bind the Cross-Section of Returns (with Nicola Borri, Denis Chetverikov, and Yukun Liu), April 2024, Revise and Resubmit to Journal of Finance. [paper]

Bunching and Taxing Multidimensional Skills (with Job Boerma and Alexander P. Zimin), April 2022, Revise and Resubmit to Econometrica. [paper]

Weighted-Average Quantile Regression (with Denis Chetverikov and Yukun Liu), March 2022, Revise and Resubmit to Journal of Econometrics. [paper]

Accounting for Cryptocurrency Value (with Yukun Liu and Xi Wu), October 2021, Revise and Resubmit to Journal of Accounting Research. [paper]

The Bullwhip: Time-to-Build and Sectoral Fluctuations (with Yan Leng, Ernest Liu, and Yifei Ren), April 2025. [paper]

Forward Selection Fama-MacBeth Regression with Higher-Order Asset Pricing Factors (with Nicola Borri, Denis Chetverikov, and Yukun Liu), April 2025. [paper]

Supply Chain Disruptions, Supplier Capital, and Financial Constraints (with Ernest Liu, Yukun Liu, and Vladimir Smirnyagin), January 2025, Previous version was circulated under “Supply Chain Disruptions and Supplier Capital in US Firms”. [paper]

Direct and Indirect Taxes in Pollution Dynamics (with Vladimir Smirnyagin and Xi Wu), July 2024. [paper]

Market Failures of Carbon Trading (with Nicola Borri, Yukun Liu, and Xi Wu), July 2024. [paper]

Composite Sorting (with Job Boerma, Ruodu Wang, and Zhenyuan Zhang), August 2023. [paper]

Policy with Stochastic Hysteresis [Older version] (with Job Boerma and Georgii Riabov), October 2023. [paper]

Macroeconomic and Asset Pricing Effects of Supply Chain Disasters (with Vladimir Smirnyagin), September 2022. [paper]

Beckmann’s Approach to Multi-item Multi-bidder Auctions (with Alexander Kolesnikov, Fedor Sandomirskiy, and Alexander P. Zimin), March 2022. [paper]

The Economics of Non-Fungible Tokens (with Nicola Borri and Yukun Liu), March 2022. [paper]

Taxes and Heat (with Stefan Steinerberger), December 2021, Previous version was circulated under “Tax mechanisms and gradient flows”. [paper]

Factor Clustering with t-SNE (with Philip Greengard, Yukun Liu & Stefan Steinerberger), September 20, 2020. [paper]

On Vickrey’s Income Averaging (with Stefan Steinerberger), April 2020. [paper]

A Variational Approach to the Analysis of Tax Systems (with Mikhail Golosov and Nicolas Werquin), December 2014. [Paper | Stochastic Model]

Dynamic Dispersed Information and the Credit Spread Puzzle (with Elias Albagli and Christian Hellwig), December 2013. [Paper]

Russian Attitudes Toward the West (with S. Guriev and M. Trudolyubov), CEFIR/NES Working Paper No. 135 [Paper]