Professional Experience

Borys Grochulski is an economist in the Research Department. He joined the Richmond Fed in 2005 after earning his Ph.D. from the University of Minnesota, where he served as an adjunct instructor.

Education

Ph.D., University of Minnesota, 2005
M.Sc., Catholic University of Leuven (Belgium), 1999
B.A., University of Warsaw (Poland), 1997

Curriculum vitae

"Borrowing Constraint as an Optimal Contract" (with Yuzhe Zhang). Working Paper, University of Iowa, October 2009.

"Nonseparable Preferences and Optimal Social Security Systems" (with Narayana Kocherlakota). Journal of Economic Theory (forthcoming).

"Risky Human Capital and Deferred Capital Income Taxation" (with Tomasz Piskorski). Journal of Economic Theory (forthcoming).

"Optimal Personal Bankruptcy Design Under Moral Hazard." Review of Economic Dynamics (forthcoming).

“Comment On: ‘Optimal Human Capital Policies’ by Bohacek and Kapicka.” Journal of Monetary Economics 55, no. 1 (January 2008): 17-20.

"Allen and Gale on Risk-Taking and Competition in Banking" (with John Kareken). Finance Research Letters 1, no. 4 (December 2004): 236-240.

Issue	Title	Author(s)
Summer 2009	Distortionary Taxation for Efficient Redistribution	Borys Grochulski
Spring 2008	Limits to Redistribution and Intertemporal Wedges: Implications of Pareto Optimality with Private Information	Borys Grochulski
Winter 2007	Optimal Nonlinear Income Taxation with Costly Tax Avoidance	Borys Grochulski

Paper	Title	Author(s)
08-5 September 2008	Optimal Personal Bankruptcy Design: A Mirrlees Approach	Borys Grochulski
06-13 December 2006	Risky Human Capital and Deferred Capital Income Taxation	Borys Grochulski Tomasz Piskorski
05-13 December 2005	Optimal Wealth Taxes with Risky Human Capital	Borys Grochulski Tomasz Piskorski

"Systemic Risk Regulation and the 'Too Big to Fail' Problem" (with Stephen Slivinski). Richmond Fed Economic Brief 09-07, July 2009.

"Opinion: When Disclosure is Not Enough." Region Focus, Fall 2007, 52.