Aubhik Khan

Senior Economic Advisor and Economist

"Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics," with Julia K. Thomas, Working Paper 07-24, August 2007.
"Inflation and Interest Rates with Endogenous Market Segmentation," with J. K. Thomas, Federal Reserve Bank of Philadelphia Working Paper 07-1.

"Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics," with J.K. Thomas, December 2007, forthcoming in Econometrica.
"Explaining Inventories: A Business Cycle Assessment of the Stockout Avoidance and (S,s) Motives," with J.K. Thomas, Macroeconomic Dynamics Vol. 11, No. 5, pp. 638-64, November 2007.
"Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies," with J. K. Thomas, American Economic Review Vol. 97, No. 4, pp. 1165-88, September 2007."
"Optimal Monetary Policy,” with R. G. King and A. L. Wolman, Review of Economic Studies 70 (October 2003), pp. 825-60.
“Nonconvex Factor Adjustments in Equilibrium Business Cycle Models: Do Nonlinearities Matter?," with Julia K. Thomas, Journal of Monetary Economics 50 (March 2003), pp. 331-60.
“Costly Technology Adoption and Capital Accumulation," with B. Ravikumar, Review of Economic Dynamics 5 (April 2002), pp. 489-502.
“Growth and Risk-Sharing Under Private Information," with B. Ravikumar, Journal of Monetary Economics 47 (June 2001), pp. 499-521.
"Financial Development and Economic Growth,” Macroeconomic Dynamics 5 (June 2001), pp. 413-33.

"Adjustment Costs," with J. K. Thomas, forthcoming in S.N. Durlauf and L. E. Blume, The New Palgrave Dictionary of Economics, Palgrave Macmillan.
"Are Data on Industry Evolution and Gross Job Turnover Relevant for Macroeconomics?," with A. Atkeson and L. Ohanian, Carnegie-Rochester Conference Series on Public Policy 44 (June 1996), pp. 215-250.

"Inventories with State-Dependent Pricing," joint with Julia Thomas
"Financial and Economic Development," with Gian Luca Clementi and Rui Castro
"Three Equations Generating an Industrial Revolution," with Michele Boldrin and Larry Jones.
“Enduring Relationships with Capital Accumulation,” with B. Ravikumar.

"The Industrial Revolution and the Demographic Transition," First Quarter 2008.
"The Role of Segmented Markets in Monetary Policy," Fourth Quarter 2006.
"Why Are Married Women Working More? Some Macroeconomic Explanations," Fourth Quarter 2004.
"The Role of Inventories in the Business Cycle," Third Quarter 2003.
"Understanding the Life-Cycle of a Manufacturing Plant," Second Quarter 2002.
"Understanding Changes in Aggregate Business Fixed Investment," Second Quarter 2001.
“The Finance and Growth Nexus,” January/February 2000.