Random Quote: Ordinarily, people are anxious to test their theories in practice, to learn from experience, but those who wield power are so anxious to establish the myth of their own infallibility that they turn their backs on the truth as squarely as they can. Politics means nothing to me. I don’t like people who are indifferent to the truth. – Boris Pasternak
This page collects my published and working papers.
My books can be found on a separate page.
Most of my working papers can be found on arxiv. Here’s a short list.
Completely Abstract Dynamic Programming
Systemic Risk in Financial Systems: Properties of Equilibria
Power Laws without Gibrat’s Law
Poverty Traps
Costas Azariadis and John Stachurski
Handbook of Economic Growth, S. Durlauf and P. Aghion, eds, North-Holland, 2005
Interest Rate Dynamics and Commodity Prices
Christophe Gouel, Qingyin Ma, and John Stachurski
Journal of Economic Theory, in press, 2024
Asset Pricing with Time Preference Shocks: Existence and Uniqueness
John Stachurski, Ole Wilms, and Junnan Zhang
Journal of Economic Theory, 216, 105781, 2024
QuantEcon.Py: A Community Based Python Library for Quantitative Economics
Quentin Batista, Chase Coleman, et al.
Journal of Open Source Software, DOI: 10.21105/joss.05585, 2023
Unbounded Dynamic Programming via the Q-Transform
Qingyin Ma, John Stachurski, and Alexis Akira Toda
Journal of Mathematical Economics, 100, 2022
Coase Meets Bellman: Dynamic Programming and Production Chains
Tomoo Kikuchi, Kazuo Nishimura, John Stachurski, and Junnan Zhang
Journal of Economic Theory, 196, 105287, 2021
Dynamic Programming with Value Convexity
Guanlong Ren and John Stachurski
Automatica, 2021.109641, 2021
Stability of Equilibrium Asset Pricing Models: A Necessary and Sufficient Condition
Jaroslav Borovicka and John Stachurski
Journal of Economic Theory, 193, 105227, 2021
Dynamic Programming with State-Dependent Discounting
John Stachurski and Junnan Zhang
Journal of Economic Theory, 192, 105190, 2021
Dynamic Programming Deconstructed
Qingyin Ma and John Stachurski
Operations Research, in press, 2021
Partial Stochastic Dominance via Optimal Transport
Takashi Kamihigashi and John Stachurski
Operations Research Letters, 48(5), 584-586, 2020
Reproducibly Sampling SARS-CoV-2 Genomes Across Time, Geography, and Viral Diversity
with J. Gregory Caporaso et al.
F1000 Research, article 9-657, 2020
The Income Fluctuation Problem and the Evolution of Wealth
Qingyin Ma, John Stachurski, and Alexis Akira Toda
Journal of Economic Theory, 187, 2020
Trade Clustering and Power Laws in Financial Markets
Makoto Nirei, John Stachurski and Tsutomu Watanabe
Theoretical Economics, 15(4), 1365-1398, 2020
Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities
Jaroslav Borovicka and John Stachurski
Journal of Finance, 75(3), 1457-1493, 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
Nonlinear Dynamics in Equilibrium Models: Chaos, Cycles and Indeterminacy
John Stachurski, Alain Venditti and Makoto Yano (eds)
Springer, 2012
Corrigendum to “An Impossibility Theorem for Wealth in Heterogeneous-agent Models with Limited Heterogeneity”
John Stachurski and Alexis Akira Toda
Journal of Economic Theory, in press 2020
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