Aleh Tsyvinski

Department of Economics
Yale University
Box 208268
New Haven, CT 06520-8268

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: EFG , PE
NBER Affiliation: Research Associate
Institutional Affiliation: Yale University

NBER Working Papers and Publications

April 2020On Vickrey’s Income Averaging
with Stefan Steinerberger: w27024
May 2019Common Risk Factors in Cryptocurrency
with Yukun Liu, Xi Wu: w25882
Tax Mechanisms and Gradient Flows
with Stefan Steinerberger: w25821
August 2018Risks and Returns of Cryptocurrency
with Yukun Liu: w24877
December 2017Taxes and Turnout
with Felix Bierbrauer, Nicolas D. Werquin: w24123
June 2017Generalized Compensation Principle
with Nicolas Werquin: w23509
May 2017Imperfect Financial Markets and Shareholder Incentives in Partial and General Equilibrium
with Elias Albagli, Christian Hellwig: w23419
April 2017Distortions and the Structure of the World Economy
with Lorenzo Caliendo, Fernando Parro: w23332
September 2016Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium
with Dominik Sachs, Nicolas Werquin: w22646
February 2016Recursive Contracts and Endogenously Incomplete Markets
with Mikhail Golosov, Nicolas Werquin: w22012
July 2015The Economy of People’s Republic of China from 1953
with Anton Cheremukhin, Mikhail Golosov, Sergei Guriev: w21397
December 2014A Variational Approach to the Analysis of Tax Systems
with Mikhail Golosov, Nicolas Werquin: w20780
January 2014Dynamic Dispersed Information and the Credit Spread Puzzle
with Elias Albagli, Christian Hellwig: w19788
September 2013Was Stalin Necessary for Russia's Economic Development?
with Anton Cheremukhin, Mikhail Golosov, Sergei Guriev: w19425
December 2011Optimal Dynamic Taxes
with Mikhail Golosov, Maxim Troshkin: w17642

Published: "Optimal Taxation: Merging Micro and Macro Approaches" (with M. Troshkin and A. Tsyvinski), Journal of Money, Credit and Banking, Supplement to 43 (5), (2011): 147-174

October 2011A Theory of Asset Pricing Based on Heterogeneous Information
with Elias Albagli, Christian Hellwig: w17548
August 2011Optimal Taxes on Fossil Fuel in General Equilibrium
with Mikhail Golosov, John Hassler, Per Krusell: w17348

Published: Mikhail Golosov & John Hassler & Per Krusell & Aleh Tsyvinski, 2014. "Optimal Taxes on Fossil Fuel in General Equilibrium," Econometrica, Econometric Society, vol. 82(1), pages 41-88, 01. citation courtesy of

Information Aggregation, Investment, and Managerial Incentives
with Elias Albagli, Christian Hellwig: w17330
January 2011A Dynamic Theory of Resource Wars
with Daron Acemoglu, Mikhail Golosov, Pierre Yared: w16682

Published: Daron Acemoglu & Mikhail Golosov & Aleh Tsyvinski & Pierre Yared, 2012. "A Dynamic Theory of Resource Wars," The Quarterly Journal of Economics, Oxford University Press, vol. 127(1), pages 283-331. citation courtesy of

December 2010Preference Heterogeneity and Optimal Capital Income Taxation
with Mikhail Golosov, Maxim Troshkin, Matthew Weinzierl: w16619

Published: Golosov, Mikhail & Troshkin, Maxim & Tsyvinski, Aleh & Weinzierl, Matthew, 2013. "Preference heterogeneity and optimal capital income taxation," Journal of Public Economics, Elsevier, vol. 97(C), pages 160-175. citation courtesy of

March 2010New Dynamic Public Finance
with Mikhail Golosov NBER Reporter 2010 number 1
November 2009Decentralized Trading with Private Information
with Mikhail Golosov, Guido Lorenzoni: w15513

Published: Mikhail Golosov & Guido Lorenzoni & Aleh Tsyvinski, 2014. "Decentralized Trading With Private Information," Econometrica, Econometric Society, vol. 82(3), pages 1055-1091, 05. citation courtesy of

October 2009Power Fluctuations and Political Economy
with Daron Acemoglu, Mikhail Golosov: w15400

Published: Acemoglu, Daron & Golosov, Mikhail & Tsyvinski, Aleh, 2011. "Power fluctuations and political economy," Journal of Economic Theory, Elsevier, vol. 146(3), pages 1009-1041, May. citation courtesy of

August 2009Political Economy of Ramsey Taxation
with Daron Acemoglu, Mikhail Golosov: w15302


May 2007New Dynamic Public Finance: A User's Guide
with Mikhail Golosov, Ivan Werning
in NBER Macroeconomics Annual 2006, Volume 21, Daron Acemoglu, Kenneth Rogoff and Michael Woodford, editors
March 2007A Theory of Liquidity and Regulation of Financial Intermediation
with Emmanuel Farhi, Mikhail Golosov: w12959

Published: Emmanuel Farhi & Mikhail Golosov & Aleh Tsyvinski, 2009. "A Theory of Liquidity and Regulation of Financial Intermediation," Review of Economic Studies, Blackwell Publishing, vol. 76(3), pages 973-992, 07. citation courtesy of

May 2006Markets Versus Governments: Political Economy of Mechanisms
with Daron Acemoglu, Michael Golosov: w12224

Published: Acemoglu, Daron, Mike Golosov, and Oleg Tsyvinski. "Markets Versus Governments." Journal of Monetary Economics 55 (January 2008): 159-189.

March 2005Optimal Taxation with Endogenous Insurance Markets
with Mikhail Golosov: w11185

Published: Mikhail Golosov, 2007. "Optimal Taxation With Endogenous Insurance Markets," The Quarterly Journal of Economics, MIT Press, vol. 122(2), pages 487-534, 05. citation courtesy of

Self-Fulfilling Currency Crises: The Role of Interest Rates
with Christian Hellwig, Arijit Mukherji: w11191

Published: Christian Hellwig & Arijit Mukherji & Aleh Tsyvinski, 2006. "Self-Fulfilling Currency Crises: The Role of Interest Rates," American Economic Review, American Economic Association, vol. 96(5), pages 1769-1787, December. citation courtesy of

September 2004Designing Optimal Disability Insurance: A Case for Asset Testing
with Mikhail Golosov: w10792

Published: Golosov, Mikhail and Aleh Tsyvinski. "Designing Optimal Disability Insurance: A Case For Asset Testing," Journal of Political Economy, 2006, v114(2,Apr), 257-279. citation courtesy of

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