Kenneth L. Judd

Paul H. Bauer Senior Fellow
Research Team: 

Kenneth L. Judd, the Paul H. Bauer Senior Fellow at the Hoover Institution, is an expert in the economics of taxation, imperfect competition, and mathematical economics.

His current research focuses on developing computational methods for economic modeling and applying them to tax policy, antitrust issues, macroeconomics, and policies related to climate change. He currently is a co–principal investigator at the Center for Robust Decision Making on Climate and Energy Policy, the director of the Initiative for Computational Economics at the University of Chicago, and a member of the National Academies Board on Mathematical Sciences and Applications.

He was coeditor of the RAND Journal of Economics (1988–95) and the Journal of Economic Dynamics and Control (2002–6). He was an associate editor of the Journal of Public Economics (1988–97).

His work has also been published in the Journal of Economic Dynamics and Control, Journal of Public Economics, Journal of Political Economy, RAND Journal, Journal of Finance, Journal of Economic Theory, Brookings Papers of Economic Activity, American Economic Review, and Econometrica.

His book Numerical Methods in Economics was published by MIT Press in 1998.

Judd has also contributed to collected volumes including the chapter "The Impact of Tax Reform in Modern Dynamic Economies" in Transition Costs of Fundamental Tax Reform (Washington, DC: AEI Press, 2001).

He is a fellow of the Econometric Society and served as a member of the Economics Panel of the National Science Foundation (1986–88).

Before joining the Hoover Institution as a senior fellow in 1988, Judd was a visiting professor of business economics at the University of Chicago. From 1986 to 1987 he was a national fellow at the Hoover Institution.

Judd was a postdoctoral teaching fellow at the University of Chicago, Department of Economics, 1980–81. From 1981 to 1983, he was an assistant professor of managerial economics at the Kellogg Graduate School of Management, Northwestern University, and from 1984 to 1986 he was an associate professor at Kellogg.

He graduated Phi Beta Kappa from the University of Wisconsin (1975) with undergraduate degrees in mathematics and computer sciences. Judd received an MA in mathematics in 1977, an MA in economics in 1980, and a PhD in economics in 1981, all from the University of Wisconsin.

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Recent Commentary

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The Economy According to Taylor and Judd

by Peter M. Robinsonwith Kenneth L. Judd, John B. Taylorvia Uncommon Knowledge
Monday, February 11, 2008

Are we, in fact, in a recession? If not, is one still headed our way? Economists John Taylor and Kenn Judd discuss not only the state of the current economic slowdown, but how the definition of recession is evolving. (30:58) Video transcript

Analysis and Commentary

Repeal the Bush Tax Increase

by Kenneth L. Juddvia Hoover Daily Report
Wednesday, August 31, 2005

President Bush has appointed a commission to study tax reform and said that he wants to make his tax cuts permanent. However, no major tax reform will occur soon.

TRADING PLACES: Is Outsourcing Good for America?

with Stephen Haber, Kenneth L. Judd, Harley Shaikenvia Uncommon Knowledge
Friday, March 26, 2004

Does outsourcing—whether it means the transfer of customer service and high-tech jobs to India or of manufacturing jobs to China—benefit the American economy or harm it? And if American workers are being harmed by outsourcing, what should be done about it? Do we need legislation to prevent corporations from sending jobs overseas? Or should we focus our attention on creating new opportunities for the American labor force through education and job training?

Interest Rates
Analysis and Commentary

Are Deficits and Interest Rates Related?

by Kenneth L. Juddvia Hoover Daily Report
Monday, June 23, 2003

U.S. debt is only a third of its ten-trillion-dollar annual national income, a small ratio by international standards.

The Deficit Is Big, but Is It Bad?

by Kenneth L. Juddvia Hoover Digest
Wednesday, April 30, 2003

The federal deficit is once again beginning to swell. Should we expect interest rates to spike as a result? In a word, no. Hoover fellow Kenneth L. Judd explains.

Tax cuts and reforms
Analysis and Commentary

Time to End the Corporate Income Tax

by Kenneth L. Juddvia Hoover Daily Report
Monday, June 12, 2000

The corporate income tax distorts the allocation of capital between partnerships and corporations.

Kenneth Arrow

Rich Man, Poor Man

by Kenneth Arrow, Kenneth L. Judd, Peter M. Robinsonvia Hoover Digest
Thursday, October 30, 1997

The difference between the income of rich and poor in the United States is growing--and growing dramatically. In talking recently with Hoover fellow Peter Robinson, two experts, Stanford professor and Nobel Prize–winner Kenneth Arrow and Hoover fellow Kenneth L. Judd, agreed about the reasons but disagreed about whether anything should--or could--be done.

The Growing Gap between Rich and Poor

by Kenneth L. Juddvia Hoover Digest
Wednesday, April 30, 1997

Hoover fellow Kenneth L. Judd believes that income inequality in the United States has been growing for two decades—and argues that we ain't seen nothin' yet. Why the gap will widen—and what can be done about it.


with Kenneth L. Judd, Kenneth Arrowvia Uncommon Knowledge
Wednesday, February 26, 1997

Stanford economics professor and Nobel laureate, Kenneth Arrow and Hoover fellow Kenneth Judd discuss the sources of the persistent and increasing inequality of American incomes.