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