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Research Economists

Pierre-Daniel G. Sarte

Small photograph of Pierre-Daniel Sarte
My research interests include macroeconomics, economic development, political economy, and regional economics.
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Publications

Journal Articles

    'Progressive Taxation and Income Inequality in Dynamic Competitive Equilibrium,' Journal of Public Economics, Vol. 66 (October 1997), pp. 145-171.

    'Inflation Uncertainty and Growth in a Cash-in-Advance Economy,' with Michael Dotsey, Journal of Monetary Economics, Vol. 45 (2000), pp. 631-655.

    'Informality and Rent-Seeking Bureaucracies in a Model of Long-Run Growth,' Journal of Monetary Economics, Vol. 46 (2000), pp. 173-197.

    'Rent-Seeking Bureaucracies and Oversight in a Simple Growth Model,' Journal of Economic Dynamics and Control, Vol. 25 (2001), pp. 1345-1365.

    'Analyzing Firm Location Decisions: Is Public Intervention Justified?,' with Ray Owens, Journal of Public Economics, Vol. 86 (2002), pp. 223-242.

    'Credit Market Frictions and their Direct Effects on U.S. Manufacturing Fluctuations,' with Wenli Li, Journal of Economic Dynamics and Control, Vol. 28 (2003), pp. 419-443.

    Comment on 'Cities Under Stress', by Esteban Rossi-Hansberg, Journal of Monetary Economics, proceedings from The Carnegie-Rochester Conference Series on Public Policy, Vol. 51 (2004) pp. 929-933

    'Progressive Taxation and Long-Run Growth', with Wenli Li, American Economic Review, Vol. 94 (2004), pp. 1705-1716.

    'U.S. Consumer Bankruptcy Choice: The Importance of General Equilibrium Effects,' with Wenli Li, Journal of Monetary Economics, Vol. 53 (2006), pp. 613-631.

    'Firm Fragmentation and Urban Patterns,' with Esteban Rossi-Hansberg and Ray Owens, International Economic Review, forthcoming.

Other

    'On the Identification of Structural Vector Autoregressions,' Federal Reserve Bank of Richmond Economic Quarterly , Summer 1997, 83(3), pp. 45-67.

    'Fisher's Equation and the Inflation Risk Premium in a Simple Endowment Economy,' Federal Reserve Bank of Richmond Economic Quarterly , Fall 1998, 84(4), pp. 53-72.

    'An Empirical Investigation of Fluctuations in Manufacturing Sales and Inventory within a Sticky-Price Framework,' Federal Reserve Bank of Richmond Economic Quarterly , Summer 1999, 85(3), pp. 61-84.

    'A Study of U.S. Employment Rates with Emphasis on Gender Considerations' Federal Reserve Bank of Richmond Economic Quarterly , Summer 2000, 86(3), pp. 1-26.

    'Consumption, Savings, and the Meaning of the Wealth Effect in General Equilibrium' Federal Reserve Bank of Richmond Economic Quarterly , Summer 2001, 87(3), pp. 53-71.

    'Efficient Public Investment in a Model with Transition Dynamics,' with Jorge Soares, Federal Reserve Bank of Richmond Economic Quarterly , Winter 2003, 89(1), pp. 33-50.

    'Accomodating Rising Population in Rural Areas: The Case of Loudoun County, Virginia', with Ray Owens, Federal Reserve Bank of Richmond Economic Quarterly, Winter 2004, 90(1), pp. 33-50, also in Virginia Economic Association, (2004) pp. 41-55.

    'Using Manufacturing Surveys to Assess Economic Conditions', with Matthew Harris and Ray Owens, Federal Reserve Bank of Richmond Economic Quarterly, Winter 2004, 94(4), pp. 65-91.

    'How Well do Diffusion Indices Capture the Business Cylce: A Spectral Analysis', with Ray Owens, Federal Reserve Bank of Richmond Economic Quarterly, Fall 2005, 91(4), pp. 23-42.

    'Stark Optimal Fiscal Policies and Sovereign Lending,' Federal Reserve Bank of Richmond Economic Quarterly, Fall 2006, 92(4), pp. 337-352

    'Barriers to Foreign Direct Investment Under Political Instability,' with Marina Azzimonti, Federal Reserve Bank of Richmond Economic Quarterly, Summer 2007, 93(3), pp. 287-315

    'The Evolution of City Population Density in the United States', with Kevin Bryan and Brian Minton, Federal Reserve Bank of Richmond Economic Quarterly, Fall 2007, 93(4), pp. 341-360.
    replication files (ZIP, 388KB)

Working Papers

    Understanding how Employment Responds to Productivity Shocks when Firms Hold Inventories, with Yongsung Chang and Andreas Hornstein

    Distortionary Taxes and Public Investment when Government Promises are not Enforceable, with Marina Azzimonti and Jorge Soares.

    The Anatomy of U.S. Personal Bankruptcy Under Chapter 13, with Hulya Eraslan and Wenli Li

    Housing Externalities: Evidence from Spatially Concentrated Urban Revitalization Programs, with Esteban Rossi-Hansberg and Ray Owens

Editorial Positions

Associate Editor, Journal of Monetary Economics, 2008 -

Biographical Sketch

Education

    B.Sc. University of Toronto, 1991

    M.A. University of Rochester, 1994

    Ph.D. University of Rochester, 1996