Dr. Steven Cassou | Publications

• "Are transfer payments stimulative? - Sometimes," with Iqbal Ahmed and George Anaman, Forthcoming in The Manchester School, 2024
• "State of broker–dealer leverage and the transmission of monetary policy," with Iqbal Ahmed and Ruby Kishan, Macroeconomic Dynamics. 2024, Vol 28, 380-402
• "Asymmetries in the effects of unemployment expectation shocks as monetary policy shifts with economic conditions," with Iqbal Ahmed, Economic Modeling. 2021, Vol 100 C.
• "Optimal monetary policy revisited: Does considering real-time data change things?" with C. Patrick Scott and Jesús Vázquez, Applied Economics. 2018, Vol 50, No. 57, 6203-6219.
• "Do US government tax revenues and expenditures respond to debt levels and economic conditions asymmetrically over the business cycle?" with Hedieh Shadmani, Applied Economics and Finance. 2018, Vol. 5, No. 3, 8-21.
• "Fiscal policy asymmetries and the sustainability of US government debt revisited," with Hedieh Shadmani and Jesús Vázquez, Emprical Economics. 2017, Vol. 53, No. 3, 1193-1215.
• "Threshold cointegration between inflation and US capacity utilization," with M Iqbal Ahmed,Applied Economics. 2017. Vol. 49, 289-302.
• "Does consumer confidence affect durable goods spending during bad and good economic times equally?" with M Iqbal Ahmed, Journal of Macroeconomics, 2016, Vol. 50, 86-97.
• "New Keynesian Model Features that can Reproduce Lead, Lag and Persistence Patterns," with Jesús Vázquez, The B.E. Journal of Macroeconomics, Contributions. 2014, Vol. 14, No. 1, 267-300.
• "Employment Comovements at the Sectoral Level over the Business Cycle," with Jesús Vázquez, Empirical Economics. 2014, Vol. 46, 1301-1323.
• "Did asymmetric monetary preferences for the output gap disappear during recent economic times?" with Hedieh Shadmani and Jesús Vázquez, Applied Economics Letters. 2014, Vol. 21, No. 2 113-117.
• "Time Variation in an Optimal Asymmetric Preference Monetary Policy Model." with Jesús Vázquez," Studies in Nonlinear Dynamics & Econometrics. 2014, Vol. 18, No. 1, 41-50.
• "Policy Effects of the Elasticity of Substitution between Skilled and Unskilled Labor in Life Cycle Models," with Arantza Gorostiaga and Iker Uribe Zubiaga, Economic Modelling. 2013, Vol.35, 59-70.
• "Optimal Monetary Policy with Asymmetric Preferences for Output," with C. Patrick Scott and Jesús Vázquez, Economics Letters. 2012, Vol. 117, 654-656.
• “Industry Estimates of the Elasticity of Substitution and the Rate of Biased Technological Change between Skilled and Unskilled Labour,” with William Blankenau, Applied Economics. 2011, Vol. 43, No. 23, 3129-3142.
• “Barriers to Technological Adoption in Spain and Portugal,” with Emanuel Xavier de Oliveira, Portuguese Economic Journal. 2011, Vol. 10, No. 3, 189-209.
• “Second-best Tax Policy in a Growing Economy with Externalities,” with Arantza Gorostiaga, María José Gutiérrez and Stephen F. Hamilton, International Tax and Public Finance. 2010, Vol. 17, No. 6, 607-626.
• “Industrial dynamics and the neoclassical growth model,” with William Blankenau, Economic Inquiry. 2009, Vol. 47, No. 4, 815-837.
• “Optimal fiscal policy in a multisector model: The price consequences of government spending,” with Arantza Gorostiaga, Journal of Public Economic Theory. 2009, Vol. 11, No.2, 177-201.
• “Allocating government education expenditures across K-12 and college education,” with William Blankenau and Beth Ingram, Economic Theory. 2007, Vol. 31, No.1, 85-112.
• “Labor Market Trends with Balanced Growth,” with William Blankenau, Journal of Economic Dynamics and Control. 2006, Vol. 30, 807-842.
• “Tax Reform with Useful Public Expenditures,” with Kevin J. Lansing, Journal of Public Economic Theory. 2006, Vol. 8, 631-676.
• “The Transition from Dirty to Clean Industries: Optimal Fiscal Policy in a Two-Sector Model of Endogenous Growth,” with Stephen F. Hamilton, Journal of Environmental Economics and Management. 2004, Vol. 48, 1050-1077
• “Growth Effects of Shifting from a Graduated- Rate Tax System to a Flat Tax,” with Kevin J. Lansing, Economic Inquiry. 2004, Vol. 42, No. 2, 194-213.
• “Fiscal Policy and Productivity Growth in the OECD,” with Kevin J. Lansing, Canadian Journal of Economics. 1999, Vol. 32, No. 5, 1215-1226.
• “Uniform Two-Part Tariffs and Below Marginal Cost Prices: Disneyland Revisited,” with John C. Hause, Economic Inquiry. 1999, Vol. 37, No. 1, 74-85.
• “Optimal Fiscal Policy, Public Capital, and the Productivity Slowdown,” with Kevin J. Lansing, Journal of Economic Dynamics and Control. 1998, Vol. 22, 911-935.
• “On Public Capital Analysis with State Data,” with Chunrong Ai, Economics Letters. 1997, Vol. 57, 209-212.
• “The Link Between Tax Rates and Foreign Direct Investment,” Applied Economics. 1997, Vol. 29, 1295-1301.
• “Welfare, Stabilization or Growth: A Comparison of Different Fiscal Objectives,” with Kevin J. Lansing, Business Cycles and Macroeconomic Stability: Should We Rebuild Built-in Stabilizers? Kluwer Academic Publishers. 1997
• “Equivalence of the Standard and Modified Switching Regression Models,” with Chunrong Ai, The Review of Economics and Statistics. 1996, Vol. LXXVIII, No. 2, 365-366.
• “A Normative Analysis of Public Capital,” with Chunrong Ai, Applied Economics. 1995, Vol. 27, 1201-1209.
• “Optimal Tax Rules in a Dynamic Stochastic Economy with Capital,” Journal of Economic Dynamics and Control. 1995, Vol. 19, 1165-1197.
• “A Diagnostic Test Without Numerical Integration,” with Chunrong Ai, Economics Letters. 1993, Vol. 42, 129-132.
• “Backward Solving Quarterly Models with Seasonal or Annual Shocks,” Economic Modelling. 1993, Vol. 10, No. 2, 90-95.
• “Health Plan Choice and the Utilization of Health Care Services,” with Bryan Dowd, Roger Feldman, and Michael Finch , The Review of Economics and Statistics. 1991, Vol. LXXIII, No. 1, 85-93.
• “The Demand for Employment-Based Health Insurance Plans,” with Roger Feldman, Michael Finch, and Bryan Dowd, The Journal of Human Resources. 1989, Vol. 24, 115-142.
• “The Demand for Employment-Based Health Insurance Plans,” with Roger Feldman, Michael Finch, and Bryan Dowd, Employment Based Health Insurance. 1989, U.S. Department of Health and Human Services Publication No. (PHS) 89-3434.