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Job Address |
Home Address |
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Institute for
International Economic Studies |
Hasselstigen 2 |
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Stockholm University |
S-125 53 Stockholm, Sweden |
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S-106 91 Stockholm, Sweden |
Telephone: +46-8-647 37 31 |
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Telephone: +46-8-162070, fax: +46-8-161443 |
Mobile: +46-708-117 26 3 |
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Email: John.Hassler@iies.su.se |
Homepage: http://hassler.se/ |
September 18, 1960, married
with Susanne, two children, Samuel and Emil.
John Hassler is Professor of Economics at the Institute for
International Economic Studies at Stockholm University.
Professor Hassler obtained his Ph.D. in Economics from MIT in 1994. He
has been teaching subsequently at Stockholm University. His research has
covered areas of dynamic public finance, social mobility, growth and climate
change. His work has been published in the top 5 economics journals American
Economic Review, Econometrica and Journal of
Political Economy and in many other international journals.
He is chairman of the Prize Committee for the Prize in Economic Sciences
in Memory of Alfred Nobel from 2025 and has been a committee member since
December 2009 apart for one year. He was the Chairman of the Swedish Fiscal
Policy Council 2013-16 and is a member of the Royal Swedish Academy of Sciences
and of the Royal Swedish Academy of Engineering Sciences.
He worked as advisor to the Swedish Ministry of Finance during the
financial crisis and is a currently a member of the Finance Minister’s Economic
Council. He serves as scientific advisor to several Swedish government
agencies. He was member of the European Economic Advisory Group between 2008
and 2012. He has also been a member of the Bellagio group of academics and
central bankers.
Professor at the Institute
for International Economic Studies (IIES), Stockholm University, Jan. 2005-.
Deputy Director of the IIES 2015-2024.
· Global warming and long run economic
growth.
· Endogenous technical change and
resource scarcity.
· Dynamic political economy of
government, in particular redistribution, social security and health.
· Optimal taxation and social
insurance.
· Ph.D. in Economics, Majors in Public
Finance and Macroeconomics, Massachusetts Institute of Technology, 1994. Title
of Ph.D. Thesis, ”Effects of Variations in Risk on Demand and Measures of
Business Cycle Fluctuations”.
· Filosofie Licentiat,
Stockholm University, 1993.
· B.A. in Economics, Stockholm School
of Economics, 1989.
· Visiting MBA student at Stern
Business School, New York University September-December 1987.
· Investigator of Swedish climate
policy for the climate minister, 2023.
· Member of government commission on
household-based measures for financial stability, 2023-24.
· Member Advisory Council Swedish
Institute for European Policy Studies, 2023-.
· Member of the Swedish Finance
Minister’s Economic Council, 2023-.
· Board member Center for Monetary
Policy and Financial Stability 2022.-
· Member of the Royal Swedish Academy
of Sciences (KVA), 2020-.
· Member of the Swedish Royal Academy
of Engineering Sciences (IVA), 2019-.
· Chairman of Prize committee for the
Prize in Economic Sciences in Memory of Alfred Nobel from 2025. Committee member
Dec 2009-2018 and Dec 2019-
· Member of the board of the thinktank
SNS 2021-.
· Chairman SNS Economic Policy Council
2020 (SNS Konjunkturråd).
· Member of the board of Stockholm
Resilience Center, 2019-.
· Member of the board of FORES, the
think tank Forum for Reforms, Entrepreneurship and Sustainability, 2020-.
· Member of the board of Stockholm
Resilience Center, 2019-.
· Chair of the scientific advisory
board of climate change at the seventh AP fund, 2021-.
· Member of the scientific advisory
board at the National Institute of Economic Research (Konjunkturinstitutet),
2019-.
· Member of the scientific advisory
board at the Swedish National Audit Office (Riksrevisionen),
2017-.
· Chairman of the Swedish
Fiscal Policy Council, 2013-16.
· Vice Chairman of the Swedish
Fiscal Policy Council, 2011-13.
· Member of the Bellagio group of
central bankers and academics, 2011-16.
· Member of Advisory Board at the
University of the Chinese Academy of Sciences Economics and Management
International Academic Forum.
· Member of the European Economic
Advisory Group, EEAG,
2008-2012.
· Advisor to the Swedish Ministry of
Finance (October 2008-March 2009).
· CEPR
Research Fellow (International Macro and Public Policy Programmes).
· CESifo Research Fellow.
· Member of The Swedish Economic Council (advisory
board to the Finance Ministry), 1997-2005
· Expert to the governmental committee
on deregulation evaluation, 2004-05
· Board member of The Swedish
Association of Economists (Nationalekonomiska
föreningen), 2004-2012
· President of the Economic Club,
2006-08
Published
articles in refereed journals
1.
“Integrated
Epi-Econ Assessment: Quantitative Theory”, with Timo Boppart,
Karl Harmenberg, Per Krusell and Jonna Olsson, Quantitative Economics,forthcoming.
2.
“Finite Resources and the World Economy”,
with Per Krusell and Conny Olovsson, Journal of International Economics, 136,
May 2022.
3.
“Suboptimal climate policy”, with Per Krusell and Conny Olovsson, Journal of the European Economic Association,
19:6, 2895-2928, December 2021
4.
“Directed technical
change as a response to natural-resource scarcity”, joint with Per
Krusell and Conny Olovsson, Journal of
Political Economy, 129:11,
November, 2021.
5.
“A global CO2 price – Necessary and sufficient”,
Journal of the Finnish Economic
Association, 2020.
6.
“Policy design for the Anthropocene”, with
Thomas Sterner (lead author) and others, Nature
Sustainability, 2019.
7.
“The Consequences of Uncertainty: Climate Sensitivity
and Economic Sensitivity to the Climate”, with Per Krusell and Conny
Olovsson, Annual Review of Economics, 10,
pp. 189—205, 2018.
8.
“Impacts of climate mitigation strategies in the energy
sector on global land use and carbon balance”, with Kerstin Engström, Mats Lindeskog, Stefan
Olin and Ben Smith, Earth System
Dynamics, 8, 773-799, 2017.
9.
"Should developing countries constrain
resource-income spending? A quantitative analysis of oil income in Uganda",
with Per Krusell, Abdulaziz Shifa,
and Daniel Spiro, Energy Journal,
38:1, 2017
10.
“The Fossil Episode”, Appendix with Hans-Werner Sinn, Journal of Monetary Economics, 83, October 2016.
11. ”Climate Policy”, with Per Krusell and
Jonas Nycander, Economic
Policy, 31:87, 2016, pp. 505-58.
12.
”Optimal taxes on
fossil fuel in general equilibrium”, with Michael Golosov, Per Krusell
and Aleh Tsyvinski, Econometrica,
82:1 January, 2014, pp 41-88. (Sensitivity
analysis by Lint Barrage). Errata: Thanks to Lorenz Wöhler
in Leipzig, we have discovered a coding error that affects Figure 8 in the
paper. Here is the corrected
figure and an excel sheet with the calculations.
13. ”Economics
and Climate Change: Integrated Assessment in a Multi-Region World”, with
Per Krusell, Journal of the European Economic Association, 2012, vol. 10, issue
5, pages 974-1000.
14.
”Oil monopoly and the climate,” with Per Krusell and Conny Olofsson, American Economic Review: Papers and Proceedings, May 2010, v. 100,
iss. 2, pp. 460-64
15.
”Unemployment
Insurance Design: how to induce moving and retraining” with José V. Rodríguez Mora, European
Economic Review, 52: 5, July 2008, pp. 757-791
16.
”On
Optimal Timing of Capital Taxation”, with Per Krusell, Kjetil Storesletten, and Fabrizio Zilibotti,
Journal of Monetary Economics, 55:4, May, 2008, pp. 692-709.
17.
”Inequality and Mobility”, with José V. Rodríguez
Mora and Joseph Zeira, Journal of Economic Growth,
12:3, September, 2007, pp.235-59.
18.
”Democratic Public Good Provision”, with Kjetil Storesletten and Fabrizio Zilibotti,
Journal of Economic Theory, vol. 133 (1), March 2007, pp. 127-151
19.
”The Dynamics of Government”, with Per Krusell, Kjetil Storesletten, and Fabrizio
Zilibotti, Journal of Monetary Economics, 52:7
, October 2005, pp 1331-1358.
20.
”A Positive Theory of Geographic Mobility and
Social Insurance”, with Kjetil Storesletten, José V Rodríguez Mora and Fabrizio Zilibotti, International Economic Review, 46:1,
February 2005, pp 263-303.
21.
”The Survival of the Welfare state”, with Kjetil Storesletten, José V.
Rodríguez Mora and Fabrizio Zilibotti, American
Economic Review, 93(1),
March, 2003, pp.87-112.
22.
”Dynamic
Political Choice in Macroeconomics”, With Kjetil Storesletten and Fabrizio Zilibotti.
Journal of the European Economic Association, April-May, 2003, 1(2-3),
pp. 533-42.
23.
”Uncertainty and the Timing of Automobile Purchases”, Scandinavian
Journal of Economics, 103(2), 2001.
24.
”Intelligence, Social Mobility and Growth”, with
José V. Rodríguez Mora, American Economic Review,90:(4), 2000.
25.
”Employment
Turnover and the Public Allocation of Unemployment Insurance”, with José V.
Rodríguez Mora, Journal of Public Economics, 73:(1), 1999.
26.
”Does
Increased International Influence Cause Higher Stock Market Volatility”, Scandinavian
Journal of Economics, 101:(1), 1999.
27.
”International
covariation in manufacturing 1975-95”, Swedish Economic Policy Review,
Vol. 4, No. 4, 1997.
28.
”Optimal
Actuarial Fairness in Pension Systems - a Note”, with Assar Lindbeck,
Economic Letters, 55:(2), 1997.
29.
”Risk and Consumption,” Swedish Economic Policy
Review, 3:(2), 1996.
30.
”Variations
in Risk and Fluctuations in Demand – a theoretical model,” Journal of
Economic Dynamics & Control 20:(6-7), 1996.
Selected
other writings
· “The Macroeconomics of
Climate Change: Starting Points, Tentative Results, and a Way Forward”,
with Per Krusell and Conny Olovsson, in J. Pisani-Ferry and A. Posen (eds.), The
Green Frontier: Assessing the Economic Implications of Climate Action, The
Peterson Institute of International Economics, 2024.
· “Evaluation of monetary policy 2022”,
with Per Krusell and Roine Vestman,
Reports from the Riksdag 2022/23:RFR5, The Committee
on Finance.
· Stability
in the Balance – a Report on the Roles of Fiscal and Monetary Policy to the
Expert Group on Public Economics, ESO 2022:3.
· “Macroeconomic perspectives on the
Corona crisis”, Fang, T. and Hassler, J. (ed.) Globalization, Political Economy, Business and Society in Pandemic
Times, Emerald Publishing Limited.
· “Climate Change and a Robust
Global Climate Policy”, report for Fores and
European Liberal Forum.
· “Climate
policy in need of plan B”, (with Christer Fuglesang), in Akcigit, U. and J. van Reenen (eds.), The Economics of Creative Destruction: New Research on Themes from
Aghion and Howitt, Harvard University Press, 2023
· “Confronting
epidemics: the need for epi-econ IAMs” a report for the Swedish National
Institute of Economic Research, with Timo Boppart,
Karl Harmenberg, Per Krusell and Jonna Olsson, 2020.
· “Swedish
Policy for a Global Climate”, Report from SNS Economic Policy Council 2020
· “Environmental Macroeconomics: the Case of Climate Change”, Chapter 8 in Handbook of
Environmental Economics, Volume 4, 2018, with Per Krusell.
· “Environmental
Macroeconomics”, chapter 24 in Handbook of Macroeconomics, volume 2B, 2016,
with Per Krusell and Anthony Smith.
· Makroekonomi, Edition 1 and 2, Swedish adaptation of
Blanchard’s undergraduate text in macroeconomics (with Lars Calmfors,
Harry Flam and Per Krusell.)
· ”Finanspolitik, penningpolitik och sambandet dem emellan”, Ekonomisk Debatt, 4:45, 2017.
· VOXEU (various co-authors), Economic
policy under the pandemic: A European perspective (2020), A fix for the climate (negotiations)
(2014), Pricing climate
change (2012), Can
Greece pull it off? (2011), A
crisis mechanism for the euro: The European Stability Mechanism (2011), Why
financial regulation must also rebuild trust (2010)
· ”The Climate and the
Economy”, Mistra-SWECIA
Report No 5, (with Per Krusell).
· “Ugandan
oil – a blessing or a curse?”, Report commissioned by the International
Growth Centre at LSE and Oxford University, with Per Krusell, Abdulaziz Shifa and Daniel Spiro.
· The
EEAG Report on the European Economy 2012, 2011,
2010,
and 2009, CESifo, Munich
· "Sweden in past, current and future
crises -- a report for the OECD”
· ”Unemployment, Specialization, and
Collective Preferences for Social Insurance”, with Kjetil
Storesletten, José V. Rodríguez Mora and Fabrizio Zilibotti, in Cohen, Piketty and Saint Paul eds., The
New Economics of Inequalities, Oxford Univeristy
Press, 2002, London.
· ”The Swedish Business Cycle – Stylized facts over 130 years” (with P. Lundvik, T. Persson and P. Söderlind),
in V. Bergström and A. Vredin,
eds., Measuring and Interpreting Business Cycles, Clarendon Press,
1994.
Selected working papers
· “Integrated epi-econ
assessment”, with Timo Boppart, Karl Harmenberg,
Per Krusell and Jonna Olsson, NBER WP
28282, 2020.
· “On the
effectiveness of climate policies,”, Conny Olovsson and Michael Reiter.
· “Energy-Saving Technical
Change”, NBER WP 18456, joint with
Per Krusell and Conny Olofsson.
· ”Explaining Asymmetric Price
Adjustment”, With
Tore Ellingsen and Richard Friberg
· Editor, Globalization, Political Economy, Business and Society in Pandemic
Times, Emerald Publishing (with Tony Fang), December 2021.
· Guest editor, Economic Policy, Vol
107, July 2021 (with Per Krusell).
· Editor, Nordic Economic Policy
Review 2019: Climate Policies in the Nordics (with Lars Calmfors)-.
·
Associate
editor of Macroeconomic Dynamics 2012-
·
Member
of Economic Policy Panel 2008-2010
·
Associate
editor of Scandinavian Journal of Economics, 2006-
·
Associate
editor of European Economic Review, 2007-2009
·
Member of the Editorial Board of The Review of Economic Studies,
2004-2011
·
Member
of the program committee for the EEA congresses in Berlin 1998 and Bolzano
2000, Stockholm 2003, Madrid 2004, Amsterdam 2005, Oslo 2011, Manchester 2019
and 2021 Virtual EEA-ESEM.
·
Editor
of Swedish Economic Policy Review, special issue on international
tax-competition, Vol 9:1, 2002 and special issue on human capital and growth,
Vol. 6:2, 1999.
·
Associate
Editor of Ekonomisk Debatt
1996-1997.
·
Referee for American Economic Review, B.E.
Journals in Macroeconomics, Econometrica, Economica, Economic Journal, Environmental and Resource
Economics, , European Economic Review, European Journal of Political Economy,
International Economic Review, Journal of Comparative Economics, Journal of
Economic Behavior and Organization, Journal of Economic Growth, Journal of
Economics, Journal of the European Economic Association, Journal of
International Economics, Journal of Macroeconomics, Journal of Public
Economics, Journal of Pension Economics and Finance, Journal of Population
Economics, Macroeconomic Dynamics, Nature Climate Change, National Science
Foundation, Physical Review Letters, Review of Economic Studies, Scandinavian
Journal of Economics, Science Advances, Scottish Journal of Political Economy
and Swedish Economic Policy Review.
o
· Editor of ”Thirteen papers on Unemployment” (in Swedish), published by
the Swedish Labor Movement's Economic Council (Arbetarrörelsens
ekonomiska råd).
· 1994-2003 Assistant professor at the Institute for International
Economic Studies.
· 1989-90 Research Assistant at the Institute for International Economic
Studies.
· 1987 Research Assistant at the Research Department of The Confederation
of Swedish Trade Unions.
· First year undergraduate macro at Stockholm University, 2003-6, 2009-13,
2015-
· The Climate and the Economy, course given at Master and Ph.D. level
since 2010 at Stockholm University, Gothenburg University, Paris School of
Economics, University of Leipzig and CEMFI.
· Dynamic Public Finance, Ph.D. program at Stockholm University and
Stockholm School of Economics, 2006-8, 12-13
· Modern macroeconomics for policy makers, course given at the Swedish
Riksbank 2005, at the Swedish Parliament 2008 and at the Federation of Swedish
Trade Unions (LO) 2012.
· Macroeconomics II, Ph.D. program at Stockholm University and Stockholm
School of Economics, 2006-8, 10,13-
· Second year undergraduate macro at Stockholm University, 2002.
· Non-standard preferences in macroeconomics, Ph.D. program at Stockholm
University and Stockholm School of Economics, 2005-8.
· Macroeconomics I, Ph.D. program at Stockholm University and Stockholm
School of Economics, every year 1995-2000.
· Mathematics II, Ph.D. program at Stockholm University and Stockholm
School of Economics, 1994-1996, 1998-2003 and 2008.
· Main advisor for graduated Ph.D. students Mirco
Tonin (2007), Erika Färnstrand
(2008), Tobias Heinrich (2009), Dario Caldara (2011), Daniel Spiro, Jinfeng Gee
and Gustav Engström (2012), Yinan Li (2013), Alex
Schmitt (2014), Markus Karlman (2020), Yangzhou
Yuan (2023), Stefan Hinkelmann (2024) and for
Licentiate student Jens Henrikson.
· Faculty opponent on Doctoral Theses by Tomas Lindström,
Uppsala University, 1998, Sean Hove, Aarhus University, 2002, Davide Ticchi, Pompeu Fabra University, 2004, Jari Viitanen, Joensuu Univeristy,
2004, Giovanni Pica, Pompeu Fabra
University, 2004, Dmytro Stoykos, Uppsala University,
2020.
· External evaluator on Ph.D. theses by Omer Moav,
Hebrew University Jerusalem, 1999, Hosny Zoabi,
Hebrew University Jerusalem, 2004, David Comerford, Edinburgh University, 2013,
Peter Kjær Kruse-Andersen, Copenhagen University,
2017.
· Faculty opponent on Licentiate Theses by Henrik Schulze, Uppsala
University, 1996, Jesper Hansson, Lund University, 1997.
· 1984 Member of the National Board of Conscripts (Värnpliksrådet
i Sverige).
· 1981-84 President of the Swedish School Students Union (Elevorganisationen i Sverige).
