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B. Ravikumar

Senior Vice President and Deputy Director of Research

Education

Ph.D. Economics
The University of Iowa
1989

M.S. Economics
Carnegie Mellon University
1985

M.S. Industrial Engineering
National Institute for Training in Industrial Engineering
1983

B.E. Electrical Engineering
Indian Institute of Science, India
1981

B.S. Physics
University of Bombay, India
1978

Contact Info

Phone: (314) 444-7312
Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries, contact:
Shera Dalin
mediainquiries@stls.frb.org
Phone: (314) 444-3911




Journal Publications

"Majority Voting in a Model of Means Testing"
with  Buly A. Cardak and  Gerhard Glomm
European Economic Review, February 2020, Vol. 122, Article 103351
Working Paper
https://doi.org/10.1016/j.euroecorev.2019.103351

"Capital Accumulation and Dynamic Gains from Trade"
with Ana Maria Santacreu and  Michael J. Sposi
Journal of International Economics, July 2019, Vol. 119, pp. 93-110
Working Paper
https://doi.org/10.1016/j.jinteco.2019.04.009

"Explaining Cross-Cohort Differences in Life Cycle Earnings"
with  Yu-Chien Kong and Guillaume Vandenbroucke
European Economic Review, August 2018, Vol. 107, pp. 157-184
Working Paper
https://doi.org/10.1016/j.euroecorev.2018.06.005

"Capital Goods Trade, Relative Prices, and Economic Development"
with  Piyusha Mutreja and  Michael J. Sposi
Review of Economic Dynamics, January 2018, Vol. 27, pp. 101-122
Working Paper
https://doi.org/10.1016/j.red.2017.11.003

"Measuring Openness to Trade"
with  Michael E. Waugh
Journal of Economic Dynamics & Control, November 2016, Vol. 72, pp. 29-41
Working Paper
https://doi.org/10.1016/j.jedc.2016.03.009

"Talent, Labor Quality, and Economic Development"
with  German Cubas and  Gustavo Ventura
Review of Economic Dynamics, July 2016, Vol. 21, pp. 160-181
Working Paper
https://doi.org/10.1016/j.red.2015.06.004

"The Quantitative Importance of Openness in Development"
with  Wenbiao Cai and  Raymond Riezman
Economic Inquiry, October 2015, Vol. 53, No. 4, pp. 1839-1849
Working Paper
https://doi.org/10.1111/ecin.12216

"Unemployment Insurance Fraud and Optimal Monitoring"
with  David L. Fuller and  Yuzhe Zhang
American Economic Journal-Macroeconomics, April 2015, Vol. 7, No. 2, pp. 249-290
Working Paper
https://doi.org/10.1257/mac.20130255

"Price Equalization, Trade Flows, and Barriers to Trade"
with  Piyusha Mutreja,  Raymond Riezman, and  Michael J. Sposi
European Economic Review, August 2014, Vol. 70, pp. 383-398
Working Paper
https://doi.org/10.1016/j.euroecorev.2014.05.005

"Why do Education Vouchers Fail at the Ballot Box?"
with  Peter Bearse,  Buly A. Cardak, and  Gerhard Glomm
European Journal of Political Economy, December 2013, Vol. 32, pp. 26-37
Working Paper
https://doi.org/10.1016/j.ejpoleco.2013.06.005

"Optimal Auditing and Insurance in a Dynamic Model of Tax Compliance"
with  Yuzhe Zhang
Theoretical Economics, May 2012, Vol. 7, No. 2, pp. 241-282
Working Paper
https://doi.org/10.3982/te737

"The Return to Capital and the Business Cycle"
with  Paul Gomme and  Peter Rupert
Review of Economic Dynamics, April 2011, Vol. 14, No. 2, pp. 262-78
https://doi.org/10.1016/j.red.2010.11.004

"A Generalized Volatility Bound for Dynamic Economies"
with Christopher Otrok and Charles Whiteman
Journal of Monetary Economics, November 2007, Vol. 54, No. 8, pp. 2269-90

"Public Education and Income Inequality"
with  Gerhard Glomm
European Journal of Political Economy, June 2003, Vol. 19, No. 2, pp. 289-300

"Habit Formation: A Resolution of the Equity Premium Puzzle?"
with Christopher Otrok and Charles Whiteman
Journal of Monetary Economics, September 2002, Vol. 49(6), pp. 1261-88

"Costly Technology Adoption and Capital Accumulation"
with  Aubhik Khan
Review of Economic Dynamics, April 2002, Vol. 5, No. 2, pp. 489-502

"Evaluating Asset-Pricing Models using the Hansen-Jagannathan Bound: A Monte Carlo Investigation"
with Christopher Otrok and Charles Whiteman
Journal of Applied Econometrics, April-March 2002, Vol. 17, No. 2, pp. 149-74

"Human Capital Accumulation and Endogenous Public Expenditures"
with  Gerhard Glomm
Canadian Journal of Economics-Revue Canadienne d'Economique, August 2001, Vol. 34, No. 3, pp. 807-26

"Growth and Risk-Sharing with Private Information"
with  Aubhik Khan
Journal of Monetary Economics, June 2001, Vol. 47, No. 3, pp. 499-521

"Capital Markets and the Evolution of Family Businesses"
with  Uptal Bhattacharya
Journal of Business, April 2001, Vol. 74, No. 2, pp. 187-219

"Robust Wald Tests in SUR Systems with Adding-up Restrictions"
with  Surajit Ray and  Eugene Savin
Econometrica, May 2000, Vol. 68(3), pp. 715-719

"On the Political Economy of Means-Tested Education Vouchers"
with  Peter Bearse and  Gerhard Glomm
European Economic Review, May 2000, Vol. 44(4-6), pp. 904-15

"Minimum Consumption Requirements: Theoretical and Quantitative Implications for Growth and Distribution"
with  Satyajit Chatterjee
Macroeconomic Dynamics, December 1999, Vol. 3 (4), pp. 482-505

"Competitive Equilibrium and Public Investment Plans"
with  Gerhard Glomm
Journal of Economic Dynamics & Control, August 1999, Vol. 23, No. 8, pp. 1207-24

"Chaotic Dynamics in a Cash-in-Advance Economy"
with  Ronald Michener
Journal of Economic Dynamics & Control, July 1998, Vol. 22, No. 7, pp. 1117-37

"Increasing Returns, Human Capital, and the Kuznets Curve"
with  Gerhard Glomm
Journal of Development Economics, April 1998, Vol. 55 (2), pp. 353-67

"Opting Out of Publicly Provided Services: A Majority Voting Result"
with  Gerhard Glomm
Social Choice and Welfare, February 1998, Vol. 15, No. 2, pp. 187-99

"Flat-Rate Taxes, Government Spending on Education, and Growth"
with  Gerhard Glomm
Review of Economic Dynamics, January 1998, Vol. 1, No. 1, pp. 306-25

"Productive Government Expenditures and Long Run Growth"
with  Gerhard Glomm
Journal of Economic Dynamics & Control, January 1997, Vol. 21, No. 1, pp. 183-204

"Endogenous Public Policy and Multiple Equilibria"
with  Gerhard Glomm
European Journal of Political Economy, April 1996, Vol. 11, No. 4, pp. 653-62

"Equilibrium Theories of the Kuznets Curve: A Review""
with  Gerhard Glomm
Cuadernos Economicos, 1995, Vol. 3, No. 61, pp. 78-94

"Public Investment in Infrastructure in a Simple Growth Model"
with  Gerhard Glomm
Journal of Economic Dynamics & Control, November 1994, Vol. 18(6), pp. 1173-87

"Growth-Inequality Tradeoffs in a Model with Public Sector R&D"
with  Gerhard Glomm
Canadian Journal of Economics-Revue Canadienne d'Economique, May 1994, Vol. 27, No. 2, pp. 484-93

"Productive Government Expenditures and Long Run Growth (reprint)"
Cuadernos Economicos, 1994, Vol. 3

"Strategic Complementarity in Business Formation: Aggregate Fluctuations and Sunspot Equilibria""
with  Satyajit Chatterjee and  Russell Cooper
Review of Economic Studies, October 1993, Vol. 60, No. 4, pp. 795-811

"Public versus Private Investment in Human Capital: Endogenous Growth and Income Inequality"
with  Gerhard Glomm
Journal of Political Economy, August 1992, Vol. 100, No. 4, pp. 818-34

"A Neoclassical Model of Seasonal Fluctuations"
with  Satyajit Chatterjee
Journal of Monetary Economics, February 1992, Vol. 29(1), pp. 59-86