2 citations · 4 across the 6 of their papers we have counts for
7 papers
Comment on 'Asset Bubbles and Overlapping Generations'
Ngoc-Sang Pham, Alexis Akira Toda
Tirole (1985) studied an overlapping generations model with capital accumulation and showed that the emergence of asset bubbles solves the capital over-accumulation problem. His Pr…
Global Characterization of Equilibria in Tirole's (1985) Model with a Dividend-Paying Asset
Ngoc-Sang Pham, Alexis Akira Toda
We revisit Tirole's classic paper "Asset Bubbles and Overlapping Generations" (1985, Econometrica) in the case of a dividend-paying asset. Recently, Pham and Toda (2026) constructe…
Pareto's Limits: Improving Inequality Estimates in America, 1917 to 1965
Vincent Geloso, Alexis Akira Toda
American income inequality, generally estimated with tax data, in the 20th century is widely recognized to have followed a U-curve, though debates persist over the extent of this c…
Reducible Markov modulation, pole order, and tail behavior in random growth models
Brendan K. Beare, Alexis Akira Toda
Recent work on random growth models with light-tailed Markov-modulated additive shocks has shown that irreducible modulation yields tail behavior resembling an exponential distribu…
Optimal taxation and the Domar-Musgrave effect
Brendan K. Beare, Alexis Akira Toda
This article concerns the optimal choice of flat taxes on labor and capital income, and on consumption, in a tractable economic model in which agents are subject to idiosyncratic i…
Robust Asset-Liability Management
Tjeerd de Vries, Alexis Akira Toda
Financial institutions often cannot replicate long-dated liabilities with available bonds, especially when leverage and collateral constraints bind. We characterize the feasible po…