Stephen Turnovsky

About

Professor Stephen Turnovsky holds the Ford and Louisa Van Voorhis Professorship of Economics at the University of Washington. He received his Ph.D. from Harvard University in 1968 and has been recognized with honorary doctorate degrees from Aix-Marseille University in 2005 and Victoria University of Wellington in 2009. He is a Fellow of the Econometric Society and has served as a former Editor of the Journal of Economic Dynamics and Control, where he remains on the Advisory Board. Currently, he is a Co-Editor of Macroeconomic Dynamics, an Associate Editor of the Journal of Public Economic Theory and the Journal of Human Capital, and is involved with various other editorial and advisory boards. Turnovsky has served as President of the Society of Economic Dynamics and Control and of the Society for Computational Economics. His research focuses on economic growth, international macroeconomics, macroeconomic policy, public economics, and inequality, contributing extensively to these fields through numerous publications and leadership roles in academic societies.

Research topics

• Macroeconomics
• Computer Science
• Economics
• Mathematics
• Econometrics
• Microeconomics

Selected publications

• Productive government expenditure and its impact on income inequality: evidence from international panel data

  Review of World Economics · 2021 · 20 citations

  1st authorCorresponding
  PublisherDOI

• Endogenous labor migration and remittances: Macroeconomic and welfare consequences

  Journal of Development Economics · 2023-05-16 · 19 citations

  articleOpen accessSenior authorCorresponding
  PublisherOA PDFDOI

• Economic growth and inequality tradeoffs under progressive taxation

  Journal of Economic Dynamics and Control · 2022-08-16 · 14 citations

  articleCorresponding
  PublisherDOI

• Re-opening after the lockdown: Long-run aggregate and distributional consequences of COVID-19

  Journal of Mathematical Economics · 2021 · 14 citations

  Senior authorCorresponding
  PublisherOA PDFDOI

• Government Spending, Debt Management, and Wealth and Income Inequality in a Growing Monetary Economy^*

  Journal of money credit and banking · 2023-05-03 · 7 citations

  articleOpen accessSenior authorCorresponding

  Abstract This paper compares the impact of government investment and government consumption on macroeconomic aggregates and inequality when the government deficit is money‐financed while maintaining a fixed debt‐money ratio. Real aggregate quantities are independent of the debt‐money ratio, as is wealth inequality, but income inequality is impacted. We also investigate the impact of these two forms of government expenditure on the macroeconomic aggregates and distributions, illustrating their sh…

  PublisherOA PDFDOI

Frequent coauthors

• Santanu Chatterjee

  Maulana Abul Kalam Azad University of Technology, West Bengal

  34 shared

• Theo S. Eicher

  28 shared

• Cecilia García‐Peñalosa

  27 shared

• Partha Sen

  Centre for Development Economics

  18 shared

• Peter J. Stemp

  17 shared

• Gonçalo Monteiro

  Universidade do Porto

  15 shared

• Jonathan Eaton

  15 shared

• Richard C. Marston

  14 shared

Education

• Ph.D.

  Harvard University

  1968

Awards & honors

• Fellow of the Econometric Society
• Honorary Doctorate from Aix-Marseille University (2005)
• Honorary Doctorate from Victoria University of Wellington (2…
• Jubilee Fellow of the Australian Academy of Social Sciences…

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