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Borys Grochulski

Personal Details

First Name:Borys
Middle Name:
Last Name:Grochulski
Suffix:
RePEc Short-ID:pgr311
[This author has chosen not to make the email address public]
http://www.richmondfed.org/research/economists/bios/grochulski_bio.cfm
Terminal Degree:2005 Department of Economics; University of Minnesota (from RePEc Genealogy)

Affiliation

Federal Reserve Bank of Richmond

Richmond, Virginia (United States)
http://www.richmondfed.org/
RePEc:edi:frbrius (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Borys Grochulski & Zhu Wang, 2024. "Real Estate Commissions and Homebuying," Working Paper 24-01, Federal Reserve Bank of Richmond.
  2. Borys Grochulski & Russell Wong, 2018. "Contingent Debt and Performance Pricing in an Optimal Capital Structure Model with Financial Distress and Reorganization," Working Paper 18-17, Federal Reserve Bank of Richmond.
  3. Borys Grochulski & Russell Wong & Yuzhe Zhang, 2017. "Optimal Incentive Contracts with Job Destruction Risk," Working Paper 17-11, Federal Reserve Bank of Richmond.
  4. Borys Grochulski & Yuzhe Zhang, 2016. "Optimal Contracts with Reflection," Working Paper 16-14, Federal Reserve Bank of Richmond.
  5. Borys Grochulski & Yuzhe Zhang, 2015. "Optimal Liquidity Regulation With Shadow Banking," Working Paper 15-12, Federal Reserve Bank of Richmond.
  6. Borys Grochulski & Yuzhe Zhang, 2013. "Market-based incentives," Working Paper 13-05, Federal Reserve Bank of Richmond.
  7. Borys Grochulski, 2010. "On the optimality of Ramsey taxes in Mirrlees economies," Working Paper 10-14, Federal Reserve Bank of Richmond.
  8. Grochulski, Borys & Zhang, Yuzhe, 2009. "Borrowing Constraint as an Optimal Contract," MPRA Paper 23216, University Library of Munich, Germany.
  9. Borys Grochulski, 2008. "Optimal personal bankruptcy design : A Mirrlees approach," Working Paper 08-05, Federal Reserve Bank of Richmond.
  10. Narayana Kocherlakota & Borys Grochulski, 2007. "Nonseparable Preferences and Optimal Social Security Systems," Levine's Bibliography 843644000000000156, UCLA Department of Economics.
  11. Borys Grochulski & Tomasz Piskorski, 2007. "Risky human capital and deferred capital income taxation," Working Paper 06-13, Federal Reserve Bank of Richmond.
  12. Borys Grochulski & Tomasz Piskorski, 2005. "Optimal wealth taxes with risky human capital," Working Paper 05-13, Federal Reserve Bank of Richmond.

Articles

  1. Borys Grochulski & Zhu Wang, 2024. "Real Estate Commissions and Home Search Efficiency," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 24(08), March.
  2. Borys Grochulski & Zhu Wang, 2023. "Removing Conflict of Interest for Agents of Homebuyers," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 23(34), October.
  3. Borys Grochulski, 2022. "When Should Employees Be Suspended Instead of Fired?," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 22(45), November.
  4. Borys Grochulski, 2021. "Mortgage Refinance Costs and a Better Adjustable-Rate Mortgage Contract," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 21(38), November.
  5. Borys Grochulski, 2020. "Federal Reserve MBS Purchases in Response to the COVID-19 Pandemic," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, vol. 20(08), pages 1-5., July.
  6. Borys Grochulski & Yuzhe Zhang, 2019. "Optimal liquidity policy with shadow banking," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(4), pages 967-1015, November.
  7. Borys Grochulski & Yuzhe Zhang, 2019. "Wealth Effects with Endogenous Retirement," Economic Quarterly, Federal Reserve Bank of Richmond, issue 3Q, pages 173-200.
  8. Borys Grochulski & Daniel Schwam & Yuzhe Zhang, 2018. "Cyclical Properties of Bank Margins: Small versus Large Banks," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 1-33.
  9. Borys Grochulski & Daniel Schwam & Aaron Steelman & Yuzhe Zhang, 2018. "The Differing Effects of the Business Cycle on Small and Large Banks," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue November.
  10. Borys Grochulski & Yuzhe Zhang, 2017. "Market‐Based Incentives," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(2), pages 331-382, May.
  11. Borys Grochulski & Yuzhe Zhang, 2014. "Optimal Institutions in Economies with Private Information: Exclusive Contracts, Taxes, and Bankruptcy Law," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 353-385.
  12. Borys Grochulski & Wendy Morrison, 2014. "Understanding Market Failure in the 2007-08 Crisis," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue Dec.
  13. Borys Grochulski, 2013. "Pecuniary Externalities, Segregated Exchanges, and Market Liquidity in a Diamond-Dybvig Economy with Retrade," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 305-340.
  14. Borys Grochulski & Yuzhe Zhang, 2013. "Saving for Retirement with Job Loss Risk," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 45-81.
  15. Grochulski, Borys & Zhang, Yuzhe, 2011. "Optimal risk sharing and borrowing constraints in a continuous-time model with limited commitment," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2356-2388.
  16. Borys Grochulski, 2011. "Optimal Contracts for Housing Services Purchases," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 67-93.
  17. Borys Grochulski, 2011. "Financial firm resolution policy as a time-consistency problem," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 97(2Q), pages 133-152.
  18. Grochulski, Borys & Piskorski, Tomasz, 2010. "Risky human capital and deferred capital income taxation," Journal of Economic Theory, Elsevier, vol. 145(3), pages 908-943, May.
  19. Grochulski, Borys & Kocherlakota, Narayana, 2010. "Nonseparable preferences and optimal social security systems," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2055-2077, November.
  20. Borys Grochulski, 2010. "Optimal Personal Bankruptcy Design under Moral Hazard," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(2), pages 350-378, April.
  21. Borys Grochulski, 2009. "Distortionary taxation for efficient redistribution," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Sum), pages 235-267.
  22. Borys Grochulski & Stephen Slivinski, 2009. "Systemic risk regulation and the "too big to fail" problem," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue Jul.
  23. Borys Grochulski, 2008. "Limits to redistribution and intertemporal wedges : implications of Pareto optimality with private information," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Spr), pages 173-196.
  24. Grochulski, Borys, 2008. "Comment on: "Optimal human capital policies" by Bohacek and Kapicka," Journal of Monetary Economics, Elsevier, vol. 55(1), pages 17-20, January.
  25. Borys Grochulski, 2007. "Optimal nonlinear income taxation with costly tax avoidance," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 93(Win), pages 77-109.
  26. Borys Grochulski, 2007. "Opinion : When disclosure is not enough," Econ Focus, Federal Reserve Bank of Richmond, vol. 11(Fall), pages 1-52.
  27. Grochulski, Borys & Kareken, John, 2004. "Allen and Gale on risk-taking and competition in banking," Finance Research Letters, Elsevier, vol. 1(4), pages 236-240, December.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Borys Grochulski & Yuzhe Zhang, 2016. "Optimal Contracts with Reflection," Working Paper 16-14, Federal Reserve Bank of Richmond.

    Cited by:

    1. Ndiaye, Abdoulaye, 2018. "Flexible Retirement and Optimal Taxation," MPRA Paper 102651, University Library of Munich, Germany, revised 14 Aug 2020.

  2. Borys Grochulski & Yuzhe Zhang, 2015. "Optimal Liquidity Regulation With Shadow Banking," Working Paper 15-12, Federal Reserve Bank of Richmond.

    Cited by:

    1. Farhi, Emmanuel & Tirole, Jean, 2017. "Shadow Banking and the Four Pillars of Traditional Financial Intermediation," CEPR Discussion Papers 12373, C.E.P.R. Discussion Papers.
    2. Dávila, Eduardo & Walther, Ansgar, 2022. "Corrective regulation with imperfect instruments," Working Paper Series 2723, European Central Bank.
    3. Julien Bengui & Javier Bianchi & Louphou Coulibaly, 2019. "Financial Safety Nets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 60(1), pages 105-132, February.
    4. John Geanakoplos & Kieran James Walsh, 2018. "Inefficient liquidity provision," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(1), pages 213-233, July.
    5. Julien Bengui & Javier Bianchi, 2018. "Macroprudential Policy with Leakages," Working Papers 754, Federal Reserve Bank of Minneapolis.
    6. Stephen F. LeRoy & Rish Singhania, 2020. "Deposit insurance and the coexistence of commercial and shadow banks," Annals of Finance, Springer, vol. 16(2), pages 159-194, June.
    7. John Geanakoplos & Kieran James Walsh, 2017. "Inefficient Liquidity Provision," Cowles Foundation Discussion Papers 2077, Cowles Foundation for Research in Economics, Yale University.

  3. Borys Grochulski & Yuzhe Zhang, 2013. "Market-based incentives," Working Paper 13-05, Federal Reserve Bank of Richmond.

    Cited by:

    1. Borys Grochulski & Yuzhe Zhang, 2016. "Optimal Contracts with Reflection," Working Paper 16-14, Federal Reserve Bank of Richmond.
    2. Stephen Spear & Cheng Wang, "undated". "When to Fire a CEO: Optimal Termination in Dynamic Contracts," GSIA Working Papers 2002-E5, Carnegie Mellon University, Tepper School of Business.
    3. Peter M. Demarzo & Yuliy Sannikov, 2017. "Learning, Termination, and Payout Policy in Dynamic Incentive Contracts," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 84(1), pages 182-236.
    4. Felix Feng, 2018. "Dynamic Compensation under Uncertainty Shocks and Limited Commitment," 2018 Meeting Papers 159, Society for Economic Dynamics.
    5. Wang, Cheng & Yang, Youzhi, 2022. "Optimal CEO turnover," Journal of Economic Theory, Elsevier, vol. 203(C).

  4. Borys Grochulski, 2008. "Optimal personal bankruptcy design : A Mirrlees approach," Working Paper 08-05, Federal Reserve Bank of Richmond.

    Cited by:

    1. Laurence Ales & Pricila Maziero, 2008. "Accounting for private information," Working Papers 663, Federal Reserve Bank of Minneapolis.
    2. Casey B. Mulligan, 2009. "Means-Tested Mortgage Modification: Homes Saved or Income Destroyed?," NBER Working Papers 15281, National Bureau of Economic Research, Inc.
    3. Athreya, Kartik & Tam, Xuan S. & Young, Eric R., 2009. "Unsecured credit markets are not insurance markets," Journal of Monetary Economics, Elsevier, vol. 56(1), pages 83-103, January.
    4. Casey B. Mulligan, 2010. "Foreclosures, Enforcement, and Collections under the Federal Mortgage Modification Guidelines," NBER Working Papers 15777, National Bureau of Economic Research, Inc.
    5. Kartik B. Athreya & Xuan S. Tam & Eric Young, 2009. "Are harsh penalties for default really better?," Working Paper 09-11, Federal Reserve Bank of Richmond.

  5. Narayana Kocherlakota & Borys Grochulski, 2007. "Nonseparable Preferences and Optimal Social Security Systems," Levine's Bibliography 843644000000000156, UCLA Department of Economics.

    Cited by:

    1. Koehne, Sebastian & Kuhn, Moritz, 2015. "Optimal taxation in a habit formation economy," Journal of Public Economics, Elsevier, vol. 122(C), pages 31-39.
    2. Marco Bassetto, 2009. "The Research Agenda: Marco Bassetto on the Quantitative Evaluation of Fiscal Policy Rules," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 10(2), April.
    3. Aspen Gorry & Ezra Oberfield, 2012. "Optimal Taxation Over the Life Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(4), pages 551-572, October.
    4. Mikhail Golosov & Maxim Troshkin & Aleh Tsyvinski, 2011. "Optimal Dynamic Taxes," NBER Working Papers 17642, National Bureau of Economic Research, Inc.
    5. Koehne, Sebastian & Kuhn, Moritz, 2013. "Optimal capital taxation for time-nonseparable preferences," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79951, Verein für Socialpolitik / German Economic Association.
    6. Bhandari, Anmol & Evans, David & Golosov, Mikhail & Sargent, Thomas J., 2017. "Public debt in economies with heterogeneous agents," Journal of Monetary Economics, Elsevier, vol. 91(C), pages 39-51.
    7. Oliver Denk & Jean-Baptiste Michau, 2013. "Optimal Social Security with Imperfect Tagging," Working Papers hal-00796521, HAL.
    8. Mikhail Golosov & Maxim Troshkin & Aleh Tsyvinski, 2011. "Optimal Taxation: Merging Micro and Macro Approaches," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s1), pages 147-174, August.
    9. Philippe Choné & Guy Laroque, 2014. "Income Tax and retirement Schemes," Working Papers 2014-07, Center for Research in Economics and Statistics.
    10. Philippe Choné & Guy Laroque, 2018. "On the redistributive power of pensions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 50(3), pages 519-546, March.
    11. Jean-Baptiste Michau, 2011. "Optimal Redistribution with Intensive and Extensive Labor Supply Margins: A Life-Cycle Perspective," Working Papers hal-00639121, HAL.
    12. Borys Grochulski, 2008. "Limits to redistribution and intertemporal wedges : implications of Pareto optimality with private information," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Spr), pages 173-196.
    13. Philippe Choné & Guy Laroque, 2014. "Income tax and retirement schemes," SciencePo Working papers Main hal-01070554, HAL.
    14. Ndiaye, Abdoulaye, 2018. "Flexible Retirement and Optimal Taxation," MPRA Paper 102651, University Library of Munich, Germany, revised 14 Aug 2020.
    15. Narayana R. Kocherlakota, 2010. "Introduction," Introductory Chapters, in: The New Dynamic Public Finance, Princeton University Press.
    16. Bagchi, Shantanu, 2019. "Differential mortality and the progressivity of social security," Journal of Public Economics, Elsevier, vol. 177(C), pages 1-1.
    17. Luigi Balletta & Giovanni Immordino, 2013. "On Repeated Moral Hazard with a Present Biased Agent," CSEF Working Papers 341, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    18. Hellwig, Christian, 2021. "Static and Dynamic Mirrleesian Taxation with Non-separable Preferences: A Unified Approach," CEPR Discussion Papers 16254, C.E.P.R. Discussion Papers.
    19. Michau, Jean-Baptiste, 2014. "Optimal redistribution: A life-cycle perspective," Journal of Public Economics, Elsevier, vol. 111(C), pages 1-16.
    20. Takao Kataoka & Yoshihiro Takamatsu, 2020. "Optimal age‐dependent income taxation in a dynamic extensive model: The case for negative participation tax on young people," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(5), pages 1338-1367, September.
    21. Borys Grochulski, 2010. "On the optimality of Ramsey taxes in Mirrlees economies," Working Paper 10-14, Federal Reserve Bank of Richmond.
    22. Borys Grochulski & Yuzhe Zhang, 2014. "Optimal Institutions in Economies with Private Information: Exclusive Contracts, Taxes, and Bankruptcy Law," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 353-385.

  6. Borys Grochulski & Tomasz Piskorski, 2007. "Risky human capital and deferred capital income taxation," Working Paper 06-13, Federal Reserve Bank of Richmond.

    Cited by:

    1. Hugo Hopenhayn & Arantxa Jarque, 2006. "Moral Hazard and Persistence," 2006 Meeting Papers 670, Society for Economic Dynamics.
    2. Stefanie Stantcheva, 2020. "Dynamic Taxation," NBER Working Papers 26704, National Bureau of Economic Research, Inc.
    3. Borys Grochulski & Narayana Kocherlakota, 2007. "Nonseparable Preferences and Optimal Social Security Systems," NBER Working Papers 13362, National Bureau of Economic Research, Inc.
    4. Koehne, Sebastian & Kuhn, Moritz, 2015. "Optimal taxation in a habit formation economy," Journal of Public Economics, Elsevier, vol. 122(C), pages 31-39.
    5. Jan Lorenz & Fabian Paetzel & Frank Schweitzer, 2013. "Redistribution Spurs Growth by Using a Portfolio Effect on Risky Human Capital," PLOS ONE, Public Library of Science, vol. 8(2), pages 1-13, February.
    6. Dominik Sachs & Sebastian Findeisen, 2012. "Education and Optimal Dynamic Taxation," 2012 Meeting Papers 365, Society for Economic Dynamics.
    7. Alexander M. Gelber & Matthew C. Weinzierl, 2012. "Equalizing Outcomes and Equalizing Opportunities: Optimal Taxation when Children's Abilities Depend on Parents' Resources," NBER Working Papers 18332, National Bureau of Economic Research, Inc.
    8. Celik, Murat Alp, 2023. "Does the Cream Always Rise to the Top? The Misallocation of Talent in Innovation," Journal of Monetary Economics, Elsevier, vol. 133(C), pages 105-128.
    9. Robert J. Gary‐bobo & Alain Trannoy, 2015. "Optimal Student Loans and Graduate Tax under Moral Hazard and Adverse Selection," Post-Print hal-03572114, HAL.
    10. Findeisen, Sebastian & Sachs, Dominik, 2015. "Education and Optimal Dynamic Taxation: The Role of Income-Contingent Student Loans," CEPR Discussion Papers 10622, C.E.P.R. Discussion Papers.
    11. Marek Kapicka, 2006. "The Dynamics of Optimal Taxation when Human Capital is Endogenous," 2006 Meeting Papers 349, Society for Economic Dynamics.
    12. Yena Park, 2014. "Constrained Efficiency in a Risky Human Capital Model," RCER Working Papers 585, University of Rochester - Center for Economic Research (RCER).
    13. N. Gregory Mankiw & Matthew C. Weinzierl & Danny Yagan, 2009. "Optimal Taxation in Theory and Practice," Harvard Business School Working Papers 09-140, Harvard Business School.
    14. Beladi, Hamid & Sinha, Chaitali & Kar, Saibal, 2016. "To educate or not to educate: Impact of public policies in developing countries," Economic Modelling, Elsevier, vol. 56(C), pages 94-101.
    15. Bas Jacobs & A. Lans Bovenberg, 2011. "Optimal Taxation of Human Capital and the Earnings Function," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 13(6), pages 957-971, December.
    16. Dirk Schindler, 2011. "Tuition Fees and the Dual Income Tax: The Optimality of the Nordic Income Tax System Reconsidered," German Economic Review, Verein für Socialpolitik, vol. 12(1), pages 59-84, February.
    17. Stefanie Stantcheva, 2017. "Optimal Taxation and Human Capital Policies over the Life Cycle," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1931-1990.
    18. Radoslaw Paluszynski & Pei Cheng Yu, "undated". "Optimal Taxation with Risky Human Capital and Retirement Savings," Discussion Papers 2019-05, School of Economics, The University of New South Wales.
    19. Sylwia Radomska, 2019. "Optimal Policy for Investment in Human Capital in the Light of Optimal Tax Theory (Inwestycje w kapital ludzki w swietle optymalnej teorii podatkowej)," Research Reports, University of Warsaw, Faculty of Management, vol. 1(30), pages 34-42.
    20. Dirk Schindler & Hongyan Yang, 2015. "Catalysts for social insurance: education subsidies versus physical capital taxation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 22(2), pages 274-310, April.
    21. Dumitru MARIN & Ion PARTACHI & Madalina ANGHEL, 2017. "Theoretical Aspects Regarding the Optimal Taxation of Effort With More Conditions," Romanian Statistical Review, Romanian Statistical Review, vol. 65(3), pages 93-104, September.
    22. OBARA, Takuya, 2018. "Optimal human capital policies under the endogenous choice of educational types," CCES Discussion Paper Series 66_v2, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
    23. Liebmann, Thomas & Kassberger, Stefan & Hellmich, Martin, 2017. "Sharing and growth in general random multiplicative environments," European Journal of Operational Research, Elsevier, vol. 258(1), pages 193-206.
    24. Madalina-Gabriela ANGHEL & Constantin ANGHELACHE & Georgiana NITA & Tudor SAMSON, 2017. "Human Resource Forecasting Models," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(4), pages 87-98, April.
    25. Dan Anderberg, 2009. "Optimal Policy and the Risk-Properties of Human Capital Reconsidered," 2009 Meeting Papers 166, Society for Economic Dynamics.
    26. Hugo Hopenhayn & Arantxa Jarque, 2010. "Unobservable Persistent Productivity and Long Term Contracts," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(2), pages 333-349, April.
    27. Hakki Yazici & Ctirad Slavik, 2013. "Machines, Buildings, and Optimal Dynamic Taxes," 2013 Meeting Papers 766, Society for Economic Dynamics.
    28. Alexander Gelber & Matthew Weinzierl, 2012. "Equalizing Outcomes vs. Equalizing Opportunities: Optimal Taxation when Children's Abilities Depend on Parents' Resources," Harvard Business School Working Papers 13-014, Harvard Business School, revised Mar 2014.
    29. Jan Lorenz & Fabian Paetzel & Frank Schweitzer, 2012. "Redistribution spurs growth by using a portfolio effect on human capital," Papers 1210.3716, arXiv.org.
    30. OBARA, Takuya, 2017. "Optimal human capital policies under the endogenous choice of educational types," CCES Discussion Paper Series 66, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
    31. Volker Meier & Andreas Wagener, 2011. "Do Mobile Pensioners Threaten the Deferred Taxation of Savings?," CESifo Working Paper Series 3617, CESifo.
    32. Anna V. Tikhonova, 2023. "Development of Tax Incentives for Investments in Human Capital," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 116-133, February.
    33. Bas Jacobs & Dirk Schindler & Hongyan Yang, 2009. "Optimal Taxation of Risky Human Capital," CESifo Working Paper Series 2529, CESifo.
    34. Chaitali Sinha, 2014. "Human Capital and Public Policy," South Asian Journal of Macroeconomics and Public Finance, , vol. 3(1), pages 79-125, June.

  7. Borys Grochulski & Tomasz Piskorski, 2005. "Optimal wealth taxes with risky human capital," Working Paper 05-13, Federal Reserve Bank of Richmond.

    Cited by:

    1. da Costa, Carlos E. & Severo, Tiago, 2008. "Education, preferences for leisure and the optimal income tax schedule," Journal of Public Economics, Elsevier, vol. 92(1-2), pages 113-138, February.
    2. Bas Jacobs & A. Lans Bovenberg, 2005. "Human Capital and Optimal Positive Taxation of Capital Income," Tinbergen Institute Discussion Papers 05-035/3, Tinbergen Institute.
    3. Albanesi, Stefania, 2006. "Optimal Taxation of Entrepreneurial Capital with Private Information," CEPR Discussion Papers 5647, C.E.P.R. Discussion Papers.
    4. Marek Kapicka & Radim Bohacek, 2007. "Optimal Human Capital Policies," 2007 Meeting Papers 464, Society for Economic Dynamics.
    5. Chaitali Sinha, 2014. "Human Capital and Public Policy," South Asian Journal of Macroeconomics and Public Finance, , vol. 3(1), pages 79-125, June.

Articles

  1. Borys Grochulski & Yuzhe Zhang, 2019. "Optimal liquidity policy with shadow banking," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(4), pages 967-1015, November.

    Cited by:

    1. Ziqin Yu & Xiang Xiao, 2022. "Shadow banking contraction and innovation efficiency of tech-based SMEs-based on the implementation of China’s New Asset Management Regulation," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(2), pages 251-275, June.
    2. Julien Bengui & Javier Bianchi, 2018. "Macroprudential Policy with Leakages," Working Papers 754, Federal Reserve Bank of Minneapolis.
    3. Clayton, Christopher & Schaab, Andreas, 2023. "Regulation with Externalities and Misallocation in General Equilibrium," TSE Working Papers 23-1445, Toulouse School of Economics (TSE).

  2. Borys Grochulski & Daniel Schwam & Yuzhe Zhang, 2018. "Cyclical Properties of Bank Margins: Small versus Large Banks," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 1-33.

    Cited by:

    1. Killins, Robert N. & Mollick, Andre V., 2020. "Performance of Canadian banks and oil price movements," Research in International Business and Finance, Elsevier, vol. 54(C).
    2. Zachary Bethune & Guillaume Rocheteau & Russell Wong & Cathy Zhang, 2020. "Lending Relationships and Optimal Monetary Policy," Working Paper 20-13, Federal Reserve Bank of Richmond.

  3. Borys Grochulski & Daniel Schwam & Aaron Steelman & Yuzhe Zhang, 2018. "The Differing Effects of the Business Cycle on Small and Large Banks," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue November.

    Cited by:

    1. Sanni Mubaraq & Salami Abdulai Agbaje & Uthman Ahmad Bukola, 2020. "Determinants of Bank Performance in Nigeria: Do they Behave Differently with Risk-Adjusted Returns?," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 30(3), pages 1-34, September.

  4. Borys Grochulski & Yuzhe Zhang, 2017. "Market‐Based Incentives," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(2), pages 331-382, May.
    See citations under working paper version above.
  5. Borys Grochulski, 2013. "Pecuniary Externalities, Segregated Exchanges, and Market Liquidity in a Diamond-Dybvig Economy with Retrade," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 305-340.

    Cited by:

    1. di Iasio, Giovanni & Kryczka, Dominika, 2021. "Market failures in market-based finance," Working Paper Series 2545, European Central Bank.
    2. Park, Jaevin, 2023. "Rights to retrade, free-riding and insurance requirement," Economics Letters, Elsevier, vol. 225(C).

  6. Borys Grochulski & Yuzhe Zhang, 2013. "Saving for Retirement with Job Loss Risk," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 45-81.

    Cited by:

    1. Borys Grochulski & Yuzhe Zhang, 2019. "Wealth Effects with Endogenous Retirement," Economic Quarterly, Federal Reserve Bank of Richmond, issue 3Q, pages 173-200.
    2. Frank N. Caliendo & Aspen Gorry & Sita Slavov, 2017. "Survival Ambiguity and Welfare," NBER Working Papers 23648, National Bureau of Economic Research, Inc.
    3. Frank N. Caliendo & Maria Casanova & Aspen Gorry & Sita Slavov, 2016. "The Welfare Cost of Retirement Uncertainty," NBER Working Papers 22609, National Bureau of Economic Research, Inc.
    4. Frank Caliendo & Maria Casanova & Aspen Gorry & Sita Nataraj Slavov, 2023. "Retirement Timing Uncertainty: Empirical Evidence and Quantitative Evaluation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 226-266, December.

  7. Grochulski, Borys & Zhang, Yuzhe, 2011. "Optimal risk sharing and borrowing constraints in a continuous-time model with limited commitment," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2356-2388.

    Cited by:

    1. Liu, Bo & Niu, Yingjie & Zhang, Yuhua, 2019. "Corporate liquidity and risk management with time-inconsistent preferences," Economic Modelling, Elsevier, vol. 81(C), pages 295-307.
    2. Patrick Bolton & Neng Wang & Jinqiang Yang, 2015. "Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital," NBER Working Papers 20979, National Bureau of Economic Research, Inc.
    3. Jianjun Miao & Yuzhe Zhang, 2013. "A Duality Approach to Continuous- Time Contracting Problems with Limited Commitment," Boston University - Department of Economics - Working Papers Series 2013-008, Boston University - Department of Economics.
    4. Yaping Shan, 2017. "Optimal contracts for research agents," RAND Journal of Economics, RAND Corporation, vol. 48(1), pages 94-124, March.
    5. Th'eo Durandard, 2023. "Dynamic delegation in promotion contests," Papers 2308.05668, arXiv.org.
    6. Krueger, Dirk & Uhlig, Harald, 2022. "Neoclassical Growth with Limited Commitment," CEPR Discussion Papers 17757, C.E.P.R. Discussion Papers.
    7. Borys Grochulski & Yuzhe Zhang, 2013. "Market-based incentives," Working Paper 13-05, Federal Reserve Bank of Richmond.
    8. Jeon, Junkee & Koo, Hyeng Keun & Shin, Yong Hyun, 2018. "Portfolio selection with consumption ratcheting," Journal of Economic Dynamics and Control, Elsevier, vol. 92(C), pages 153-182.
    9. Dirk Krueger & Harald Uhlig, 2024. "Neoclassical Growth with Limited Commitment," PIER Working Paper Archive 24-021, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    10. Yaping Shan, 2017. "Incentives for Research Agents and Performance-vested Equity-based Compensation," School of Economics and Public Policy Working Papers 2017-15, University of Adelaide, School of Economics and Public Policy.
    11. Junkee Jeon & Hyeng Keun Koo & Kyunghyun Park, 2018. "Optimal Insurance with Limited Commitment in a Finite Horizon," Papers 1812.11669, arXiv.org, revised Jan 2019.
    12. Daniel Bird & Alexander Frug, 2019. "Monotone Contracts," Working Papers 1085, Barcelona School of Economics.
    13. Rui Li & Dana Kiku & Hengjie Ai, 2014. "A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment," 2014 Meeting Papers 855, Society for Economic Dynamics.
    14. Zhang, Yuzhe, 2012. "Characterization of a Risk Sharing Contract with One-Sided Commitment," MPRA Paper 42820, University Library of Munich, Germany, revised Aug 2012.
    15. Hengjie Ai & Dana Kiku & Rui Li & Jincheng Tong, 2021. "A Unified Model of Firm Dynamics with Limited Commitment and Assortative Matching," Journal of Finance, American Finance Association, vol. 76(1), pages 317-356, February.
    16. Yaping Shan, 2013. "Incentives for Research Agents: Optimal Contracts and Implementation," School of Economics and Public Policy Working Papers 2013-20, University of Adelaide, School of Economics and Public Policy.
    17. Dirk Krueger & Harald Uhlig, 2022. "Neoclassical Growth with Long-Term One-Sided Commitment Contracts," NBER Working Papers 30518, National Bureau of Economic Research, Inc.
    18. Niu, Yingjie & Yang, Jinqiang & Zou, Zhentao, 2020. "Robust contracts with one-sided commitment," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
    19. Felix Feng, 2018. "Dynamic Compensation under Uncertainty Shocks and Limited Commitment," 2018 Meeting Papers 159, Society for Economic Dynamics.
    20. Dirk Krueger & Fulin Li & Harald Uhlig, 2024. "Neoclassical Growth Transition Dynamics with One-Sided Commitment," PIER Working Paper Archive 24-020, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    21. Wang, Cheng & Yang, Youzhi, 2019. "Optimal self-enforcement and termination," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 161-186.
    22. Ma, Jinrun & Wu, Yaoyao & Liang, Yongtang, 2023. "Robust investment and hedging policy with limited commitment," Economic Modelling, Elsevier, vol. 125(C).
    23. Wu, Wei & Niu, Yingjie & Wu, Yaoyao & Xu, Hongru, 2022. "Ambiguity, limited commitment, and the q theory of investment," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
    24. Ai, Hengjie & Li, Rui, 2015. "Investment and CEO compensation under limited commitment," Journal of Financial Economics, Elsevier, vol. 116(3), pages 452-472.

  8. Borys Grochulski, 2011. "Optimal Contracts for Housing Services Purchases," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 67-93.

    Cited by:

    1. Meng, Qiang & Wang, Shuaian, 2011. "Optimal operating strategy for a long-haul liner service route," European Journal of Operational Research, Elsevier, vol. 215(1), pages 105-114, November.
    2. Chung, Saras & McBride, Amanda Moore, 2015. "Social and emotional learning in middle school curricula: A service learning model based on positive youth development," Children and Youth Services Review, Elsevier, vol. 53(C), pages 192-200.
    3. Glithero, Neryssa J. & Wilson, Paul & Ramsden, Stephen J., 2013. "Prospects for arable farm uptake of Short Rotation Coppice willow and miscanthus in England," Applied Energy, Elsevier, vol. 107(C), pages 209-218.

  9. Borys Grochulski, 2011. "Financial firm resolution policy as a time-consistency problem," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 97(2Q), pages 133-152.

    Cited by:

    1. Arantxa Jarque & David A. Price, 2015. "Living Wills: A Tool for Curbing Too Big to Fail," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 77-94.
    2. Kartik B. Athreya & Arantxa Jarque, 2015. "Understanding Living Wills," Economic Quarterly, Federal Reserve Bank of Richmond, issue 3Q, pages 193-223.

  10. Grochulski, Borys & Piskorski, Tomasz, 2010. "Risky human capital and deferred capital income taxation," Journal of Economic Theory, Elsevier, vol. 145(3), pages 908-943, May.
    See citations under working paper version above.
  11. Grochulski, Borys & Kocherlakota, Narayana, 2010. "Nonseparable preferences and optimal social security systems," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2055-2077, November.
    See citations under working paper version above.
  12. Borys Grochulski, 2010. "Optimal Personal Bankruptcy Design under Moral Hazard," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(2), pages 350-378, April.

    Cited by:

    1. Igor Livshits, 2015. "Recent Developments In Consumer Credit And Default Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 594-613, September.
    2. Kartik B. Athreya & Xuan S. Tam & Eric Young, 2012. "Debt default and the insurance of labor income risks," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 98(4Q), pages 255-307.
    3. Grey Gordon, 2014. "Optimal Bankruptcy Code: A Fresh Start for Some," CAEPR Working Papers 2014-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    4. Mr. Leonardo Martinez & Juan Carlos Hatchondo & Mr. Juan M. Sanchez, 2012. "Mortgage Defaults," IMF Working Papers 2012/026, International Monetary Fund.
    5. Jaromir Nosal & Stefania Albanesi, 2016. "Insolvency after the 2005 Bankruptcy Reform," 2016 Meeting Papers 1147, Society for Economic Dynamics.
    6. Lang Yang, 2019. "The impact of state intervention and bankruptcy authorization laws on local government deficits," Economics of Governance, Springer, vol. 20(4), pages 305-328, December.
    7. Borghan Nezami Narajabad, 2012. "Information Technology and the Rise of Household Bankruptcy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(4), pages 526-550, October.
    8. Borys Grochulski, 2010. "On the optimality of Ramsey taxes in Mirrlees economies," Working Paper 10-14, Federal Reserve Bank of Richmond.
    9. Xie, Jiaping & Wei, Lihong & Zhu, Weijun & Zhang, Weisi, 2021. "Platform supply chain pricing and financing: Who benefits from e-commerce consumer credit?," International Journal of Production Economics, Elsevier, vol. 242(C).
    10. Ben‐jiang Ma & Jing‐yu Ye & Geng Liu & Yuan‐ji Huang, 2020. "Adverse selection, limited compensation, and the design of environmental liability insurance contract in the case of enterprise bankruptcy," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(7), pages 1327-1337, October.
    11. Lihong Wei & Jiaping Xie & Weijun Zhu & Qinglin Li, 2023. "Pricing of platform service supply chain with dual credit: Can you have the cake and eat it?," Annals of Operations Research, Springer, vol. 321(1), pages 589-661, February.
    12. Borys Grochulski & Yuzhe Zhang, 2014. "Optimal Institutions in Economies with Private Information: Exclusive Contracts, Taxes, and Bankruptcy Law," Economic Quarterly, Federal Reserve Bank of Richmond, issue 4Q, pages 353-385.

  13. Borys Grochulski, 2009. "Distortionary taxation for efficient redistribution," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Sum), pages 235-267.

    Cited by:

    1. Athreya, Kartik B., 2014. "Big Ideas in Macroeconomics: A Nontechnical View," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262019736, April.

  14. Borys Grochulski & Stephen Slivinski, 2009. "Systemic risk regulation and the "too big to fail" problem," Richmond Fed Economic Brief, Federal Reserve Bank of Richmond, issue Jul.

    Cited by:

    1. John R. Walter, 2019. "US Bank Capital Regulation: History and Changes Since the Financial Crisis," Economic Quarterly, Federal Reserve Bank of Richmond, issue 1Q, pages 1-40.

  15. Borys Grochulski, 2008. "Limits to redistribution and intertemporal wedges : implications of Pareto optimality with private information," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 94(Spr), pages 173-196.

    Cited by:

    1. Alan G. Isaac, 2014. "The Intergenerational Propagation of Wealth Inequality," Metroeconomica, Wiley Blackwell, vol. 65(4), pages 571-584, November.
    2. Borys Grochulski, 2009. "Distortionary taxation for efficient redistribution," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Sum), pages 235-267.

  16. Borys Grochulski, 2007. "Optimal nonlinear income taxation with costly tax avoidance," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 93(Win), pages 77-109.

    Cited by:

    1. Eduardo Perez & Vasiliki Skreta, 2018. "Test Design Under Falsification," SciencePo Working papers Main hal-03393136, HAL.
    2. Augustin Landier & Guillaume Plantin, 2017. "Taxing the Rich," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 84(3), pages 1186-1209.
    3. Georges Casamatta, 2023. "Optimal income taxation with tax avoidance and endogenous labour supply," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(3), pages 913-939, August.
    4. Landier, Augustin & Plantin, Guillaume, 2011. "Inequality, Tax Avoidance, and Financial Instability," CEPR Discussion Papers 8391, C.E.P.R. Discussion Papers.
    5. Skreta, Vasiliki & Perez-Richet, Eduardo, 2017. "Information Design under Falsification," CEPR Discussion Papers 12271, C.E.P.R. Discussion Papers.
    6. Huang, Jason & Rios, Juan, 2016. "Optimal tax mix with income tax non-compliance," Journal of Public Economics, Elsevier, vol. 144(C), pages 52-63.
    7. Georges Casamatta, 2021. "Optimal income taxation with tax avoidance," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 23(3), pages 534-550, June.
    8. Jan U. Auerbach, 2019. "Property rights enforcement with unverifiable incomes," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(3), pages 701-735, October.
    9. Casamatta, Georges, 2011. "Optimal income taxation with tax avoidance," CEPR Discussion Papers 8608, C.E.P.R. Discussion Papers.
    10. Daniel R. Carroll, 2013. "The demand for income tax progressivity in the growth model," Working Papers (Old Series) 1106, Federal Reserve Bank of Cleveland.
    11. Georges Casamatta, 2023. "Optimal income taxation with tax avoidance and endogenous labor supply," Post-Print hal-04015963, HAL.

  17. Grochulski, Borys & Kareken, John, 2004. "Allen and Gale on risk-taking and competition in banking," Finance Research Letters, Elsevier, vol. 1(4), pages 236-240, December.

    Cited by:

    1. Kozłowski, Łukasz, 2016. "Synergy or downward competition? Interactions between small credit institutions in local markets," Finance Research Letters, Elsevier, vol. 16(C), pages 66-74.
    2. Mercedes Ayuso & Lluís Bermúdez & Miguel Santolino, 2011. "“Influence of the claimant’s behavioural features on motor compensation outcomes”," IREA Working Papers 201108, University of Barcelona, Research Institute of Applied Economics, revised Jun 2011.
    3. Santolino, Miguel, 2010. "Determinants of the decision to appeal against motor bodily injury judgements made by Spanish trial courts," International Review of Law and Economics, Elsevier, vol. 30(1), pages 37-45, March.
    4. Kaniska Dam & Rajdeep Sengupta, 2020. "Market Integration and Bank Risk-Taking," Research Working Paper RWP 20-21, Federal Reserve Bank of Kansas City.

More information

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Rankings

This author is among the top 5% authors according to these criteria:
  1. Number of Journal Pages, Weighted by Number of Authors
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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 14 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-DGE: Dynamic General Equilibrium (9) 2006-04-01 2007-02-10 2011-01-03 2013-06-09 2015-11-01 2017-09-03 2017-10-22 2018-11-26 2024-03-18. Author is listed
  2. NEP-CTA: Contract Theory and Applications (7) 2008-12-07 2011-01-03 2013-03-30 2013-06-09 2016-12-11 2017-09-03 2017-10-22. Author is listed
  3. NEP-HRM: Human Capital and Human Resource Management (5) 2006-04-01 2007-02-10 2013-03-30 2013-06-09 2017-10-22. Author is listed
  4. NEP-MIC: Microeconomics (5) 2013-03-30 2013-06-09 2016-12-11 2017-09-03 2017-10-22. Author is listed
  5. NEP-PUB: Public Finance (5) 2006-04-01 2007-02-10 2007-07-13 2007-09-09 2011-01-03. Author is listed
  6. NEP-PBE: Public Economics (3) 2006-04-01 2007-02-10 2011-01-03
  7. NEP-MAC: Macroeconomics (2) 2007-09-09 2024-03-18
  8. NEP-ACC: Accounting and Auditing (1) 2011-01-03
  9. NEP-BAN: Banking (1) 2015-11-01
  10. NEP-CBA: Central Banking (1) 2015-11-01
  11. NEP-CFN: Corporate Finance (1) 2018-11-26
  12. NEP-COM: Industrial Competition (1) 2024-03-18
  13. NEP-FMK: Financial Markets (1) 2008-12-07
  14. NEP-LMA: Labor Markets - Supply, Demand, and Wages (1) 2013-03-30
  15. NEP-ORE: Operations Research (1) 2017-10-22
  16. NEP-UPT: Utility Models and Prospect Theory (1) 2017-09-03
  17. NEP-URE: Urban and Real Estate Economics (1) 2024-03-18

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