Details about Christian Hellwig

Access statistics for papers by Christian Hellwig.

Last updated 2024-12-09. Update your information in the RePEc Author Service.

Short-id: phe110

Working Papers

2024

1. Dispersed Information, Nominal Rigidities and Monetary Business Cycles: A Hayekian Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in TSE Working Papers, Toulouse School of Economics (TSE) (2024)
2. Using Consumption Data to Derive Optimal Income and Capital Tax Rates
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (1)

2023

3. Consumption, Wealth, and Income Inequality: A Tale of Tails
   TSE Working Papers, Toulouse School of Economics (TSE)
   Also in Working Paper Series, Federal Reserve Bank of Chicago (2023)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
4. Imperfect Financial Markets and Investment Inefficiencies
   Post-Print, HAL View citations (2)
   Also in TSE Working Papers, Toulouse School of Economics (TSE) (2023) View citations (4)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (6)
   See also Journal Article Imperfect Financial Markets and Investment Inefficiencies, American Economic Review, American Economic Association (2023) (2023)
5. Information Aggregation with Asymmetric Asset Payoffs
   TSE Working Papers, Toulouse School of Economics (TSE)
   See also Journal Article Information Aggregation with Asymmetric Asset Payoffs, Journal of Finance, American Finance Association (2024) (2024)

2022

6. A Fair Day's Pay for a Fair Day's Work: Optimal Tax Design as Redistributional Arbitrage
   Working Paper Series, Federal Reserve Bank of Chicago View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
7. Information Aggregation and Asymmetric Returns
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
8. The Hammer and the Dance: Equilibrium and Optimal Policy during a Pandemic Crisis
   Working Papers, HAL
   Also in Working Papers, HAL (2021)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (36)
   TSE Working Papers, Toulouse School of Economics (TSE) (2020) View citations (36)

2021

9. Dispersed Information and Asset Prices
   Working Papers, HAL
10. Static and Dynamic Mirrleesian Taxation with Non-separable Preferences: A Unified Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2021) View citations (2)

2017

11. Imperfect Financial Markets and Shareholder Incentives in Partial and General Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
12. Risk-taking, Rent-seeking and Investment when Financial Markets are Noisy
    2017 Meeting Papers, Society for Economic Dynamics

2015

13. Dispersed Information, Sticky Prices and Monetary Business Cycles: A Hayekian Perspective
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (9)
14. Sovereign Default and Information Frictions
    2015 Meeting Papers, Society for Economic Dynamics

2014

15. Dynamic Dispersed Information and the Credit Spread Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (14)
    Working Papers Central Bank of Chile, Central Bank of Chile (2014) View citations (14)
16. Optimal Regulation in the Presence of Reputation Concerns
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012) View citations (11)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (19)
    See also Journal Article Optimal Regulation in the Presence of Reputation Concerns, The Quarterly Journal of Economics, President and Fellows of Harvard College (2015) View citations (14) (2015)
17. Risk-taking, Rent-seeking, and CEO compensation, when Financial Markets are Noisy
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)

2013

18. A Theory of Asset Prices based on Heterogeneous Information
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2011) View citations (6)
    2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (4)
    Levine's Working Paper Archive, David K. Levine (2012) View citations (4)

2011

19. A Theory of Asset Pricing Based on Heterogeneous Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
20. Incomplete Information and Nominal Rigidities in a Price-Setting Model
    2011 Meeting Papers, Society for Economic Dynamics
21. Information Aggregation, Investment, and Managerial Incentives
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (7)
    Levine's Working Paper Archive, David K. Levine (2011) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (3)

2010

22. Information Aggregation and Investment Decisions
    2010 Meeting Papers, Society for Economic Dynamics

2009

23. Heterogeneous Expectations and Business Cycle Fluctuations
    2009 Meeting Papers, Society for Economic Dynamics
24. Setting The Right Prices for the Wrong Reasons
    2009 Meeting Papers, Society for Economic Dynamics View citations (52)
    See also Journal Article Setting the right prices for the wrong reasons, Journal of Monetary Economics, Elsevier (2009) View citations (64) (2009)

2008

25. Robust Predictions in Global Games with Multiple Equilibria: Defense Policies Against Currency Attacks
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science
26. Welfare Costs of Inflation in a Menu Cost Model
    2008 Meeting Papers, Society for Economic Dynamics View citations (54)
    See also Journal Article Welfare Costs of Inflation in a Menu Cost Model, American Economic Review, American Economic Association (2008) View citations (57) (2008)

2007

27. Defense Policies Against Currency Attacks: on the Possibility of Predictions in a Global Game with Multiple Equilibria
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (6)
28. Knowing What Others Know: Coordination Motives in Information Acquisition
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (5)
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2006) View citations (7)
    See also Journal Article Knowing What Others Know: Coordination Motives in Information Acquisition, The Review of Economic Studies, Review of Economic Studies Ltd (2009) View citations (250) (2009)
29. Prices and Market Shares in a Menu Cost Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (65)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (59)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (58)

2006

30. Bubbles and Self-Enforcing Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Levine's Bibliography, UCLA Department of Economics (2006) View citations (6)
    See also Journal Article Bubbles and Self-Enforcing Debt, Econometrica, Econometric Society (2009) View citations (105) (2009)
31. Prices and market shares in state-dependent pricing models
    2006 Meeting Papers, Society for Economic Dynamics View citations (4)

2005

32. Financial Crises and Interest Rates
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
33. Knowing What Others Know: Coordination Motives in Information Acquisition (March 2007, with Laura Veldkamp)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (2)
34. Self-Fulfilling Currency Crises: The Role of Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article Self-Fulfilling Currency Crises: The Role of Interest Rates, American Economic Review, American Economic Association (2006) View citations (103) (2006)
35. Signaling in a Global Game: Coordination and Policy Traps
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (1)
    See also Journal Article Signaling in a Global Game: Coordination and Policy Traps, Journal of Political Economy, University of Chicago Press (2006) View citations (169) (2006)

2004

36. Coordination Failures and Asset Prices
    2004 Meeting Papers, Society for Economic Dynamics View citations (7)
37. Coordination and Policy Traps
    Levine's Bibliography, UCLA Department of Economics View citations (31)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (39)
38. Dynamic Global Games of Regime Change: Learning, Multiplicity and Timing of Attacks (August 2006, with George-Marios Angeletos and Alessandro Pavan)
    UCLA Economics Online Papers, UCLA Department of Economics
39. Heterogeneous Information and the Benefits of Public Information Disclosures (October 2005)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (39)
40. Information Dynamics and Equilibrium Multiplicity in Global Games of Regime Change
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
41. Learning in a Repeated Global Game of Regime Change and the Dynamics of Crisis
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science
42. On the Dynamics of Information, Coordination and Regime Change
    2004 Meeting Papers, Society for Economic Dynamics View citations (4)
43. Self-Fulfilling Currency Crises: The Role of Interest Rates (A.E.R., December 2006)
    UCLA Economics Online Papers, UCLA Department of Economics

2003

44. Bubbles and Self-enforcing Debt (October 2006, with Guido Lorenzoni)
    UCLA Economics Online Papers, UCLA Department of Economics

2002

45. Imperfect Common Knowledge of Preferences in Global Coordination Games (October 2002)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (9)
46. Money, Intermediaries, and Cash-in-Advance Constraints (February 2003)
    UCLA Economics Online Papers, UCLA Department of Economics
47. Public Announcements, Adjustment Delays, and the Business Cycle (November 2002)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (69)
48. Public Information, Private Information, and the Multiplicity of Equilibria in Coordination Games (J.E.T., December 2002, available through ScienceDirect)
    UCLA Economics Online Papers, UCLA Department of Economics
49. Signaling in a Global Game: Coordination and Policy Traps (J.P.E., June 2006)
    UCLA Economics Online Papers, UCLA Department of Economics

2000

50. Money, Intermediaries and Cash-in-Advance Constraints
    FMG Discussion Papers, Financial Markets Group View citations (6)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (10)
51. Public Information, Private Information and the Multiplicity of Equilibrium in Co-ordination of Games
    FMG Discussion Papers, Financial Markets Group

Undated

52. Additional Results for "Knowing What Others Know" (May 2006)
    UCLA Economics Online Papers, UCLA Department of Economics
53. Monetary Business Cycle Models: Imperfect Information (Review Article, March 2006)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (7)
54. Online Appendix for "Coordination and Policy Traps" (J.P.E., June 2006)
    UCLA Economics Online Papers, UCLA Department of Economics
55. Policy in a Global Coordination Game: Multiplicity vs. Robust Predictions (November 2006, with Marios Angeletos and Alessandro Pavan)
    UCLA Economics Online Papers, UCLA Department of Economics
56. Prices and Market Shares in a Menu Cost Model (March 2007, with Ariel Burstein)
    UCLA Economics Online Papers, UCLA Department of Economics
57. Supplementary Material for "Dynamic Global Games of Regime Change..." (October 2006)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (3)

Journal Articles

2024

1. Information Aggregation with Asymmetric Asset Payoffs
   Journal of Finance, 2024, 79, (4), 2715-2758
   See also Working Paper Information Aggregation with Asymmetric Asset Payoffs, TSE Working Papers (2023) (2023)

2023

2. Imperfect Financial Markets and Investment Inefficiencies
   American Economic Review, 2023, 113, (9), 2323-54
   See also Working Paper Imperfect Financial Markets and Investment Inefficiencies, Post-Print (2023) View citations (2) (2023)

2015

3. Optimal Regulation in the Presence of Reputation Concerns
   The Quarterly Journal of Economics, 2015, 130, (1), 415-464 View citations (14)
   See also Working Paper Optimal Regulation in the Presence of Reputation Concerns, CEPR Discussion Papers (2014) View citations (8) (2014)

2012

4. Information Choice Technologies
   American Economic Review, 2012, 102, (3), 35-40 View citations (13)

2009

5. Bubbles and Self-Enforcing Debt
   Econometrica, 2009, 77, (4), 1137-1164 View citations (105)
   See also Working Paper Bubbles and Self-Enforcing Debt, NBER Working Papers (2006) View citations (7) (2006)
6. Knowing What Others Know: Coordination Motives in Information Acquisition
   The Review of Economic Studies, 2009, 76, (1), 223-251 View citations (250)
   See also Working Paper Knowing What Others Know: Coordination Motives in Information Acquisition, CEPR Discussion Papers (2007) View citations (3) (2007)
7. Setting the right prices for the wrong reasons
   Journal of Monetary Economics, 2009, 56, (S), S57-S77 View citations (64)
   See also Working Paper Setting The Right Prices for the Wrong Reasons, 2009 Meeting Papers (2009) View citations (52) (2009)

2008

8. Welfare Costs of Inflation in a Menu Cost Model
   American Economic Review, 2008, 98, (2), 438-43 View citations (57)
   See also Working Paper Welfare Costs of Inflation in a Menu Cost Model, 2008 Meeting Papers (2008) View citations (54) (2008)

2007

9. Dynamic Global Games of Regime Change: Learning, Multiplicity, and the Timing of Attacks
   Econometrica, 2007, 75, (3), 711-756 View citations (207)

2006

10. Self-Fulfilling Currency Crises: The Role of Interest Rates
    American Economic Review, 2006, 96, (5), 1769-1787 View citations (103)
    See also Working Paper Self-Fulfilling Currency Crises: The Role of Interest Rates, NBER Working Papers (2005) View citations (14) (2005)
11. Signaling in a Global Game: Coordination and Policy Traps
    Journal of Political Economy, 2006, 114, (3), 452-484 View citations (169)
    See also Working Paper Signaling in a Global Game: Coordination and Policy Traps, Discussion Papers (2005) View citations (1) (2005)

2002

12. Public Information, Private Information, and the Multiplicity of Equilibria in Coordination Games
    Journal of Economic Theory, 2002, 107, (2), 191-222 View citations (111)

Chapters

2010

1. Comment on "Noisy Business Cycles"
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 379-394