Details about Saki Bigio

Access statistics for papers by Saki Bigio.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: pbi247

Working Papers

2025

1. New Keynesian Economics through the Extensive Margin
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

2. A Q-Theory of Banks
   Working Papers, Peruvian Economic Association
   Also in Working Papers, Peruvian Economic Association (2020) View citations (2)
   Staff Working Papers, Bank of Canada (2021) View citations (1)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (2)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   CESifo Working Paper Series, CESifo (2021) View citations (1)
3. Sticky Inflation: Monetary Policy when Debt Drags Inflation Expectations
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

4. A Theory of Payments-Chain Crises
   Working Papers, Peruvian Economic Association
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023)

2022

5. Scrambling for Dollars: International Liquidity, Banks and Exchange Rates
   Working Papers, Peruvian Economic Association
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   Working Papers, Federal Reserve Bank of Minneapolis (2021) View citations (3)
   NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (16)

2021

6. A Model of Credit, Money, Interest, and Prices
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
7. Repurchase Options in the Market for Lemons
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF)
   Also in Working Papers, Peruvian Economic Association (2020) View citations (1)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)

2020

8. Speculation-Driven Business Cycles
   Working Papers Central Bank of Chile, Central Bank of Chile
   Also in Working Papers, Peruvian Economic Association (2020)
9. Transfers vs Credit Policy: Macroeconomic Policy Trade-offs during Covid-19
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)

2019

10. A Framework for Debt-Maturity Management
    Working Papers, Peruvian Economic Association View citations (2)
    Also in Working Papers, Banco de España (2019) View citations (2)
11. A Model of Intermediation, Money, Interest, and Prices
    Working Papers, Peruvian Economic Association View citations (3)
12. Debt-Maturity Management with Liquidity Costs
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Debt-Maturity Management with Liquidity Costs, Journal of Political Economy Macroeconomics, University of Chicago Press (2023) (2023)
13. Financial Risk Capacity
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Papers, Peruvian Economic Association (2014) View citations (2)
    2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (8)
    2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (11)
    See also Journal Article Financial Risk Capacity, American Economic Journal: Macroeconomics, American Economic Association (2021) View citations (1) (2021)

2018

14. Banks Adjust Slowly: Evidence and Lessons for Modeling
    Research Papers, Stanford University, Graduate School of Business View citations (1)
15. Data Lessons on Bank Behavior
    2018 Meeting Papers, Society for Economic Dynamics View citations (5)

2017

16. Corrupción e indicadores de desarrollo en el Perú y el mundo: una revisión empírica
    Working Papers, Peruvian Economic Association
    See also Chapter Corrupción e indicadores de desarrollo en el Perú y el mundo: una revisión empírica, Capítulos de libros, Universidad de San Martín de Porres (2020) (2020)
17. Optimal Debt Management
    2017 Meeting Papers, Society for Economic Dynamics

2016

18. Credit, Money, Interest, and Prices
    2016 Meeting Papers, Society for Economic Dynamics View citations (2)
19. Distortions in Production Networks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    See also Journal Article Distortions in Production Networks*, The Quarterly Journal of Economics, President and Fellows of Harvard College (2020) View citations (47) (2020)
20. Financial Frictions in Production Networks
    Working Papers, Peruvian Economic Association View citations (104)
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (19)

2015

21. A Theory of Payments Crises
    2015 Meeting Papers, Society for Economic Dynamics
22. Liquid bank liabilities
    2015 Meeting Papers, Society for Economic Dynamics

2014

23. Banks, Liquidity Management and Monetary Policy
    2014 Meeting Papers, Society for Economic Dynamics View citations (67)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2014) View citations (25)
    Working Papers, Peruvian Economic Association (2014) View citations (80)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (67)
    See also Journal Article Banks, Liquidity Management, and Monetary Policy, Econometrica, Econometric Society (2022) View citations (23) (2022)
24. Endogenous Liquidity and the Business Cycle
    Working Papers, Peruvian Economic Association View citations (2)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (6)
    See also Journal Article Endogenous Liquidity and the Business Cycle, American Economic Review, American Economic Association (2015) View citations (130) (2015)

2010

25. Liquidity Shocks and the Business Cycle
    Working Papers, Banco Central de Reserva del Perú View citations (4)

2009

26. Learning under Fear of Floating
    Working Papers, Banco Central de Reserva del Perú
    See also Journal Article Learning under fear of floating, Journal of Economic Dynamics and Control, Elsevier (2010) View citations (3) (2010)

2006

27. Corruption and Development Indicators: An Empirical Review
    Working Papers, Banco Central de Reserva del Perú
28. Monetary Policy under Balance Sheet Uncertainty
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (2)
29. Non-Linear Effects of Monetary Policy and Real Exchange Rate Shocks in Partially Dollarized Economies: An Empirical Study for Peru
    Working Papers, Banco Central de Reserva del Perú View citations (7)

Journal Articles

2023

1. Debt-Maturity Management with Liquidity Costs
   Journal of Political Economy Macroeconomics, 2023, 1, (1), 119 - 190
   See also Working Paper Debt-Maturity Management with Liquidity Costs, NBER Working Papers (2019) View citations (1) (2019)

2022

2. Banks, Liquidity Management, and Monetary Policy
   Econometrica, 2022, 90, (1), 391-454 View citations (23)
   See also Working Paper Banks, Liquidity Management and Monetary Policy, 2014 Meeting Papers (2014) View citations (67) (2014)

2021

3. Financial Risk Capacity
   American Economic Journal: Macroeconomics, 2021, 13, (4), 142-81 View citations (1)
   See also Working Paper Financial Risk Capacity, NBER Working Papers (2019) (2019)

2020

4. Distortions in Production Networks*
   The Quarterly Journal of Economics, 2020, 135, (4), 2187-2253 View citations (47)
   See also Working Paper Distortions in Production Networks, NBER Working Papers (2016) View citations (36) (2016)

2019

5. Comments on “Optimal supply of public and private liquidity” by Marina Azzimonti and Pierre Yared
   Journal of Monetary Economics, 2019, 102, (C), 145-152

2017

6. Liquidity shocks, business cycles and asset prices
   European Economic Review, 2017, 97, (C), 108-130 View citations (9)

2015

7. Endogenous Liquidity and the Business Cycle
   American Economic Review, 2015, 105, (6), 1883-1927 View citations (130)
   See also Working Paper Endogenous Liquidity and the Business Cycle, Working Papers (2014) View citations (2) (2014)

2011

8. Optimal self-employment income tax enforcement
   Journal of Public Economics, 2011, 95, (9), 1021-1035 View citations (25)
   Also in Journal of Public Economics, 2011, 95, (9-10), 1021-1035 (2011) View citations (26)

2010

9. Learning under fear of floating
   Journal of Economic Dynamics and Control, 2010, 34, (10), 1923-1950 View citations (3)
   See also Working Paper Learning under Fear of Floating, Working Papers (2009) (2009)

2009

10. Un modelo semiestructural de proyección para la economía peruana
    Revista Estudios Económicos, 2009, (17), 51-83 View citations (11)

Chapters

2020

1. Corrupción e indicadores de desarrollo en el Perú y el mundo: una revisión empírica
   Chapter 4 in Crecimiento económico en el Perú: causas y consecuencias, 2020, vol. 1, pp 118-151
   See also Working Paper Corrupción e indicadores de desarrollo en el Perú y el mundo: una revisión empírica, Peruvian Economic Association (2017) (2017)

2014

2. Leverage Restrictions in a Business Cycle Model: A Comment
   Chapter 8 in Macroeconomic and Financial Stability: challenges for Monetary Policy, 2014, vol. 19, pp 257-272