Per Krusell

Room: A889
Telephone: +46 (0)8 16 30 73
Personal web


Per Krusell is Professor of Economics at Stockholm University and holds a part-time position as Centennial Professor at London School of Economics. After earning an undergraduate degree from Stockholm School of Economics, he obtained a 1992 PhD from the University of Minnesota. He subsequently held assistant-professor positions at Northwestern University and the University of Pennsylvania, as well as full-professor positions at the University of Rochester and Princeton University. He received numerous awards and grants, among them several National Science Foundation grants, the 2007 Söderberg Prize, an advanced ERC grant, Wallenberg Scholar grants, a program grant from the Bank of Sweden Tercentenary Foundation, a Söderberg professorship, and an honorary doctorate from the European University Institute; in 2020 he will be the elected President of the European Economic Association. Krusell's research has focused on macroeconomics, broadly defined, with particular contributions in the areas of technological change, inequality, political economy, macroeconomic policy, and labor economics. He is currently pursuing a long-term project on the interactions between global sustainability, in particular climate change, and the economy.

Five most cited works (Google Scholar):

  • Income and Wealth Heterogeneity in the Macroeconomy, Journal of Political Economy, 106:5, 1998 (with Anthony Smith Jr.).
  • Capital-skill Complementarity and Inequality: A Macroeconomic Analysis, Econometrica, 68:5, 2000 (with Lee Ohanian, José-Víctor Ríos-Rull and Giovanni Violante).
  • Long-Run Implications of Investment-Specific Technological Change, American Economic Review, 87:3, 1997 (with Jeremy Greenwood and Zvi Hercowitz).
  • The Role of Investment-specific Technological Change in the Business Cycle, European Economic Review, 44:1, 2000 (with Jeremy Greenwood and Zvi Hercowitz).
  • Vested Interests in a Positive Theory of Stagnation and Growth, Review of Economic Studies, 63:2, 1996 (with José-Víctor Ríos-Rull).