Sanjay Chugh

Assistant Professor, University of Maryland, Department of Economics

 Optimal Fiscal and Monetary Policy when Money is Essential (with S. Boragan Aruoba), forthcoming, Journal of Economic Theory.  Does the Timing of the Cash-in-Advance Constraint Matter for Optimal Fiscal and Monetary Policy? 2009. Macroeconomic Dynamics, Vol 13, p. 133-150.  Optimal Fiscal and Monetary Policy with Costly Wage Bargaining (with David M. Arseneau). 2008. Journal of Monetary Economics, Vol. 55, p. 1401-1414.  Relative Consumption Benchmarks. 2008. Economics Letters. Vol. 100, p. 204-207.  Optimal Inflation Persistence: Ramsey Taxation with Capital and Habits. 2007. Journal of Monetary Economics, Vol. 54, p. 1809-1836.  Optimal Fiscal and Monetary Policy with Sticky Wages and Sticky Prices. 2006. Review of Economic Dynamics, Vol. 9, p. 683-714. WORKING PAPERS  Firm Risk and Leverage-Based Business Cycles  Costly External Finance and Labor Market Dynamics  Optimal Fiscal Policy with Endogenous Product Variety (with Fabio Ghironi)  Labor Force Participation and General Equilibrium Efficiency in Search and Matching Models (with David M. Arseneau)  Optimal Capital Taxation in an Economy with Capital Allocation Frictions (with David M. Arseneau and Andre Kurmann)  Money and Optimal Capital Taxation (with S. Boragan Aruoba)  Tax Smoothing in Frictional Labor Markets (with David M. Arseneau) (Revisions requested by Journal of Political Economy)  Optimal Fiscal and Monetary Policy in Customer Markets (with David M. Arseneau) (revisions requested by Journal of Money, Credit, and Banking)  Bargaining, Fairness, and Price Rigidity in a DSGE Environment (with David M. Arseneau)  Competitive Search Equilibrium in a DSGE Model (with David M. Arseneau)  Ramsey Meets Hosios: The Optimal Capital Tax and Labor Market Efficiency (with David M. Arseneau) (revisions requested by B.E. Journals in Macroeconomics)  Fiscal Shocks, Job Creation, and Countercyclical Markups (with David M. Arseneau) (revisions requested by Journal of Macroeconomics)

Research interests:
Macroeconomics, macro-labor, monetary economics, fiscal and monetary policy

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3105 Tydings Hall College Park, MD 20742 USA
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