**Random Quote:** *Lebesgue’s first papers angered classical
mathematicians. The very title of one of them, “On unruled developable
surfaces,” seemed to them as outlandish as, say, “On gaseous ice” to a
physicist or “On fishlike elephants” to a biologist.* – N. Ya.
Vilenkin, “In Search of Infinity”

# Research

## Working Papers

Stability of Equilibrium Asset Pricing Models: A Necessary and Sufficient Condition

Jaroslav Borovicka and John Stachurski

August 2019

Discrete Time Dynamic Programming with Recursive Preferences: Optimality and Applications

Guanlong Ren and John Stachurski

June 2019

Dynamic Programming with State-Dependent Discounting

John Stachurski and Junnan Zhang

June 2019

Coase Meets Bellman: Dynamic Programming and Production Chains

Tomoo Kikuchi, Kazuo Nishimura, John Stachurski, and Junnan Zhang

May 2019

## Books

Economic Dynamics: Theory and Computation

John Stachurski

**MIT Press**, 2009

A Primer in Econometric Theory

John Stachurski

**MIT Press**, 2016

## Chapters in Books

Poverty Traps

Costas Azariadis and John Stachurski

**Handbook of Economic Growth**, S. Durlauf and P. Aghion, eds, North-Holland, 2005

## Refereed Articles

The Income Fluctuation Problem and the Evolution of Wealth

Qingyin Ma, John Stachurski, and Alexis Akira Toda

**Journal of Economic Theory**, in press 2020

Dynamic Programming Deconstructed

Qingyin Ma and John Stachurski

**Operations Research**, in press 2020

Trade Clustering and Power Laws in Financial Markets

Makoto Nirei, John Stachurski and Tsutomu Watanabe

**Theoretical Economics**, in press 2020

Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities

Jaroslav Borovicka and John Stachurski

**Journal of Finance**, in press 2020

A Unified Stability Theory for Classical and Monotone Markov Chains

Takashi Kamihigashi and John Stachurski

**Journal of Applied Probability**, 56-1, 2019

An Impossibility Theorem for Wealth in Heterogeneous-agent Models with Limited Heterogeneity

John Stachurski and Alexis Akira Toda

**Journal of Economic Theory**, 182, 1–24, July 2019

Optimal Timing of Decisions: A General Theory Based on Continuation Values

Qingyin Ma and John Stachurski

**Journal of Economic Dynamics and Control**, 101, 62–81, 2019

Volatile Capital Flows and Financial Integration: The Role of Moral Hazard

Tomoo Kikuchi, John Stachurski and George Vachadze

**Journal of Economic Theory**, 176, 170–192, 2018

Span of Control, Transaction Costs and the Structure of Production Chains

Tomoo Kikuchi, Kazuo Nishimura and John Stachurski

**Theoretical Economics**, 13 (2), 729-760, 2018

Seeking Ergodicity in Dynamic Economies

Takashi Kamihigashi and John Stachurski

**Journal of Economic Theory**, 163, 900–924, 2016

Perfect Simulation for Models of Industry Dynamics

Takashi Kamihigashi and John Stachurski

**journal of Mathematical Economics**, 56, 9–14, 2015

Simulation-Based Density Estimation for Time Series using Covariate Data

Yin Liao and John Stachurski

**Journal of Business and Economic Statistics**, 33, 595–606, 2015

Solving the Income Fluctuation Problem with Unbounded Rewards

Huiyu Li and John Stachurski

**Journal of Economic Dynamics and Control**, 45, 353–365, August 2014

Stochastic Stability in Monotone Economies

Takashi Kamihigashi and John Stachurski

**Theoretical Economics**, 9 (2), 383–407, 2014

Stochastic Optimal Growth with Risky Labor Supply

Yiyong Cai, Takashi Kamihigashi and John Stachurski

**Journal of Mathematical Economics**, 50, 167–176, 2014

Fitted Value Function Iteration with Probability One Contractions

Jeno Pal and John Stachurski

**Journal of Economic Dynamics and Control**, 37, 251–264, 2013

Simple Fixed Point Results for Order Preserving Self Maps and Applications to Nonlinear Markov Operators

Takashi Kamihigashi and John Stachurski

**Fixed Point Theory and Applications**, 351 (1), 2013

Bounding Tail Probabilities in Dynamic Economic Models

John Stachurski

**Macroeconomic Dynamics**, 16, 117–126, 2012

Generalized Look-Ahead Methods for Computing Stationary Densities

R. Anton Braun, Huiyu Li and John Stachurski

**Mathematics of Operations Research**, 37, 489-500, 2012

An Order-Theoretic Mixing Condition for Monotone Markov Chains

Takashi Kamihigashi and John Stachurski

**Statistics and Probability Letters**, 82, 262–267, 2012

Perfect Simulation of Stationary Equilibria

Kazuo Nishimura and John Stachurski

**Journal of Economic Dynamics and Control**, 34, 577–584, 2010

Endogenous Inequality and Fluctuations in a Two-Country Model

Tomoo Kikuchi and John Stachurski

**Journal of Economic Theory**, 144, 1560–1571, 2009

On Geometric Ergodicity of the Commodity Pricing Model

Kazuo Nishimura and John Stachurski

**International Journal of Economic Theory**, 5, 293–300, 2009

Equilibrium Storage with Multiple Commodities

Kazuo Nishimura and John Stachurski

**Journal of Mathematical Economics**, 45, 80–96, 2009

Computing the Distributions of Economic Models via Simulation

John Stachurski and Vance Martin

**Econometrica**, 76 (2), 443–450, 2008

Continuous State Dynamic Programming via Nonexpansive Approximation

John Stachurski

**Computational Economics**, 31 (2), 141–160, 2008

Parametric Continuity of Stationary Distributions

Cuong Le Van and John Stachurski

**Economic Theory**, 33 (2), 333–348, 2007

Stochastic Optimal Growth when the Discount Rate Vanishes

Kazuo Nishimura and John Stachurski

**Journal of Economic Dynamics and Control**, 31 (4), 1416–1430, 2007

Log-Linearization of Stochastic Economic Models

John Stachurski

**Journal of Difference Equations and Applications**, 13 , 217–222, 2007

Stochastic Optimal Growth with Nonconvexities

Kazuo Nishimura, Ryszard Rudnicki and John Stachurski

**Journal of Mathematical Economics**, 42 (1), 74–96, 2006

Some Stability Results for Markovian Economic Semigroups

Leonard J. Mirman, Kevin Reffett and John Stachurski

**International Journal of Economic Theory**, 1 (1), 57–72, 2005

Stability of Stochastic Optimal Growth Models: A New Approach

Kazuo Nishimura and John Stachurski

**Journal of Economic Theory**, 122 (1), 100–118, 2005

Stochastic Growth with Increasing Returns: Stability and Path Dependence

John Stachurski

**Studies in Nonlinear Dynamics and Econometrics**, 7 (2), Article 1, July 2003

Stochastic Growth: Asymptotic Distributions

John Stachurski

**Economic Theory**, 21 (4), 913–919, 2003

Economic Dynamical Systems with Multiplicative Noise

John Stachurski

**Journal of Mathematical Economics**, 39 (1–2), 135–152, 2003

Stochastic Optimal Growth with Unbounded Shock

John Stachurski

**Journal of Economic Theory**, 106 (1), 40–65, 2002

# Edited Books

Nonlinear Dynamics in Equilibrium Models: Chaos, Cycles and Indeterminacy

John Stachurski, Alain Venditti and Makoto Yano (eds)

**Springer**, 2012

# Other Material

A Hilbert Space Central Limit Theorem for Geometrically Ergodic Markov Chains

John Stachurski

ANU Working paper

Discrete Time Models in Economic Theory

Kazuo Nishimura and John Stachurski

**CUBO**, 6 (1), 187–207, 2004

A lecture series on optimal growth theory

My PhD Thesis