Details about George-Marios Angeletos

E-mail:
Homepage:	http://econ-www.mit.edu/faculty/index.htm?prof_id=angelet
Workplace:	Economics Department, Massachusetts Institute of Technology (MIT), (more information at EDIRC)

Access statistics for papers by George-Marios Angeletos.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pan143

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Working Papers

2024

1. Deficits and Inflation: HANK meets FTPL
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2023

2. Can Deficits Finance Themselves?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2022

3. Dampening General Equilibrium: Incomplete Information and Bounded Rationality
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2021

4. Determinacy without the Taylor Principle
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2020

5. Business Cycle Anatomy
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (59)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (13)
   Post-Print, HAL (2020) View citations (36)
   See also Journal Article Business-Cycle Anatomy, American Economic Review, American Economic Association (2020) View citations (59) (2020)
6. Confidence and the Propagation of Demand Shocks
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
7. Imperfect Macroeconomic Expectations: Evidence and Theory
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
   See also Chapter Imperfect Macroeconomic Expectations: Evidence and Theory, NBER Chapters, National Bureau of Economic Research, Inc (2020) View citations (50) (2020)
8. Learning over the Business Cycle: Policy Implications
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
   See also Journal Article Learning over the business cycle: Policy implications, Journal of Economic Theory, Elsevier (2020) View citations (5) (2020)
9. Public Debt as Private Liquidity: Optimal Policy
   TSE Working Papers, Toulouse School of Economics (TSE) View citations (10)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (11)
   NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (37)

2019

10. Inattentive Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
11. Managing Expectations without Rational Expectations
    2019 Meeting Papers, Society for Economic Dynamics

2018

12. Collective Myopia and Habit
    2018 Meeting Papers, Society for Economic Dynamics View citations (2)
13. Managing Expectations: Instruments vs. Targets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
14. Myopia and Anchoring
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
15. On the Propagation of Demand Shocks
    2018 Meeting Papers, Society for Economic Dynamics View citations (1)

2017

16. Dampening General Equilibrium: From Micro to Macro
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
17. Forward Guidance without Common Knowledge
    2017 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (20)
    See also Journal Article Forward Guidance without Common Knowledge, American Economic Review, American Economic Association (2018) View citations (149) (2018)
18. Frictional Coordination
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Frictional Coordination, Journal of the European Economic Association, European Economic Association (2018) View citations (8) (2018)

2016

19. An Anatomy of the Business Cycle
    2016 Meeting Papers, Society for Economic Dynamics
20. Dampening General Equilibrium: From Micro Elasticities to Macro Effects
    2016 Meeting Papers, Society for Economic Dynamics View citations (3)
21. Efficiency and Policy with Endogenous Learning
    2016 Meeting Papers, Society for Economic Dynamics View citations (4)
22. Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)

2015

23. Quantifying Confidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (10)
    See also Journal Article Quantifying Confidence, Econometrica, Econometric Society (2018) View citations (59) (2018)
24. Real Rigidity, Nominal Rigidity, and the Social Value of Information
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (7)
    See also Journal Article Real Rigidity, Nominal Rigidity, and the Social Value of Information, American Economic Review, American Economic Association (2016) View citations (47) (2016)
25. The Social Value of Information in a Business-Cycle Model
    2015 Meeting Papers, Society for Economic Dynamics View citations (1)

2013

26. Beliefs and Fluctuations: A Quantitative Exploration
    2013 Meeting Papers, Society for Economic Dynamics
27. Optimal Public Debt Management and Liquidity Provision
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)

2012

28. Idiosyncratic Production Risk, Growth and the Business Cycle
    Working Papers, HAL
    Also in Post-Print, HAL (2006) View citations (92)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (26)
    Working Papers, HAL (2003) View citations (6)
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002) View citations (1)
    See also Journal Article Idiosyncratic production risk, growth and the business cycle, Journal of Monetary Economics, Elsevier (2006) View citations (95) (2006)
29. Selection-Free Predictions in Global Games with Endogenous Information and Multiple Equilibria
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (2)
    See also Journal Article Selection-free predictions in global games with endogenous information and multiple equilibria, Theoretical Economics, Econometric Society (2013) View citations (20) (2013)

2011

30. Cycles, Gaps, and the Social Value of Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Levine's Working Paper Archive, David K. Levine (2011) View citations (9)
31. Decentralization, Communication, and the Origins of Fluctuations
    Levine's Working Paper Archive, David K. Levine View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (9)
32. Dispersed Information over the Business Cycle: Optimal Fiscal and Monetary Policy
    2011 Meeting Papers, Society for Economic Dynamics View citations (4)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (2)
33. Financial Integration, Entrepreneurial Risk and Global Imbalances
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (100)
34. Optimal Monetary Policy with Informational Frictions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Optimal Monetary Policy with Informational Frictions, Journal of Political Economy, University of Chicago Press (2020) View citations (24) (2020)
35. Sentiments: A Treatise on the Origins of Fluctuations
    2011 Meeting Papers, Society for Economic Dynamics

2010

36. Beauty Contests and "Irrational Exuberance": A Neoclassical Approach
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (42)
    Also in Levine's Working Paper Archive, David K. Levine (2010) View citations (42)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (42)
37. Financial integration, entrepreneurial risk and global dynamics
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
    See also Journal Article Financial integration, entrepreneurial risk and global dynamics, Journal of Economic Theory, Elsevier (2011) View citations (93) (2011)
38. Price Making Intermediation
    2010 Meeting Papers, Society for Economic Dynamics
39. THE SOCIAL VALUE OF INFORMATION OVER THE BUSINESS CYCLE
    2010 Meeting Papers, Society for Economic Dynamics
40. Volatility and growth: Credit constraints and the composition of investment
    Scholarly Articles, Harvard University Department of Economics View citations (409)
    See also Journal Article Volatility and growth: Credit constraints and the composition of investment, Journal of Monetary Economics, Elsevier (2010) View citations (398) (2010)

2009

41. A Rational Theory of "Irrational Exuberance"
    Carlo Alberto Notebooks, Collegio Carlo Alberto
42. Higher-Order Beliefs and the Business Cycle
    2009 Meeting Papers, Society for Economic Dynamics
43. Incomplete Information, Higher-Order Beliefs and Price Inertia
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (68)
    See also Journal Article Incomplete information, higher-order beliefs and price inertia, Journal of Monetary Economics, Elsevier (2009) View citations (78) (2009)
44. Noisy Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    See also Chapter Noisy Business Cycles, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (40) (2010)

2008

45. Policy with Dispersed Information
    Carlo Alberto Notebooks, Collegio Carlo Alberto View citations (28)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (9)
    See also Journal Article Policy with Dispersed Information, Journal of the European Economic Association, MIT Press (2009) View citations (93) (2009)
46. Private Sunspots and Idiosyncratic Investor Sentiment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
47. 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

2007

48. 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)
49. Dynamic Global Games of Regime Change: Learning, Multiplicity and Timing of Attacks
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (202)
    See also Journal Article Dynamic Global Games of Regime Change: Learning, Multiplicity, and the Timing of Attacks, Econometrica, Econometric Society (2007) View citations (207) (2007)
50. Efficient Use of Information and Welfare Analysis in Economies with Complementarities and Asymmetric Information
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science
51. Revisiting the Supply-Side Effects of Government Spending Under Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (4)
52. Wall Street and Silicon Valley: A Delicate Interaction
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)

2006

53. Socially Optimal Coordination: Characterization and Policy Implications
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (2)
    See also Journal Article Socially Optimal Coordination: Characterization and Policy Implications, Journal of the European Economic Association, MIT Press (2007) View citations (21) (2007)
54. Uninsured Idiosyncratic Investment Risk: Positive and Normative Implications
    2006 Meeting Papers, Society for Economic Dynamics View citations (2)

2005

55. Corruption, Inequality and Fairness
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (129)
    Also in Scholarly Articles, Harvard University Department of Economics (2005) View citations (128)
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2005) View citations (125)
    See also Journal Article Corruption, inequality, and fairness, Journal of Monetary Economics, Elsevier (2005) View citations (128) (2005)
56. Crises and Prices: Information Aggregation, Multiplicity and Volatility
    2005 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (22)
    See also Journal Article Crises and Prices: Information Aggregation, Multiplicity, and Volatility, American Economic Review, American Economic Association (2006) View citations (206) (2006)
57. Efficiency and Welfare with Complementarities and Asymmetric Information
    NBER Working Papers, National Bureau of Economic Research, Inc
58. Fairness and Redistribution
    Scholarly Articles, Harvard University Department of Economics View citations (864)
    Also in NajEcon Working Paper Reviews, www.najecon.org (2004) View citations (49)
    Levine's Bibliography, UCLA Department of Economics (2004) View citations (6)
    See also Journal Article Fairness and Redistribution, American Economic Review, American Economic Association (2005) View citations (859) (2005)
59. Incomplete Market Dynamics in a Neoclassical Production Economy
    Post-Print, HAL View citations (35)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (2)
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2005) View citations (26)
    See also Journal Article Incomplete-market dynamics in a neoclassical production economy, Journal of Mathematical Economics, Elsevier (2005) View citations (36) (2005)
60. 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)
61. UNINSURED IDIOSYNCRATIC INVESTMENT RISK
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
62. Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (180)

2004

63. Commitment vs. Flexibility
    2004 Meeting Papers, Society for Economic Dynamics View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (20)
    See also Journal Article Commitment vs. Flexibility, Econometrica, Econometric Society (2006) View citations (115) (2006)
64. 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)
65. Information Dynamics and Equilibrium Multiplicity in Global Games of Regime Change
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
66. 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
67. On the Dynamics of Information, Coordination and Regime Change
    2004 Meeting Papers, Society for Economic Dynamics View citations (4)
68. Transparency of Information and Coordination in Economies with Investment Complementarities
    Levine's Bibliography, UCLA Department of Economics View citations (147)
    Also in Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science (2004) View citations (161)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (162)
    See also Journal Article Transparency of Information and Coordination in Economies with Investment Complementarities, American Economic Review, American Economic Association (2004) View citations (166) (2004)

2003

69. Fairness and Redistribution: U.S. versus Europe
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (2002) View citations (13)

2001

70. Incomplete Markets, Growth, and the Business Cycle
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (10)

2000

71. Fiscal Policy and the Maturity Structure with Non-Contingent Debt
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (3)
72. Hyperbolic Discounting, Wealth Accumulation, and Consumption
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (6)
73. Rent Seeking/Corruption And Growth: A Simple Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)

Journal Articles

2020

1. Business-Cycle Anatomy
   American Economic Review, 2020, 110, (10), 3030-70 View citations (59)
   See also Working Paper Business Cycle Anatomy, TSE Working Papers (2020) View citations (59) (2020)
2. Learning over the business cycle: Policy implications
   Journal of Economic Theory, 2020, 190, (C) View citations (5)
   See also Working Paper Learning over the Business Cycle: Policy Implications, CEPR Discussion Papers (2020) View citations (9) (2020)
3. Optimal Monetary Policy with Informational Frictions
   Journal of Political Economy, 2020, 128, (3), 1027 - 1064 View citations (24)
   See also Working Paper Optimal Monetary Policy with Informational Frictions, NBER Working Papers (2011) View citations (12) (2011)

2018

4. Forward Guidance without Common Knowledge
   American Economic Review, 2018, 108, (9), 2477-2512 View citations (149)
   See also Working Paper Forward Guidance without Common Knowledge, 2017 Meeting Papers (2017) View citations (7) (2017)
5. Frictional Coordination
   Journal of the European Economic Association, 2018, 16, (3), 563-603 View citations (8)
   See also Working Paper Frictional Coordination, NBER Working Papers (2017) View citations (1) (2017)
6. Quantifying Confidence
   Econometrica, 2018, 86, (5), 1689-1726 View citations (59)
   See also Working Paper Quantifying Confidence, CEPR Discussion Papers (2015) View citations (5) (2015)

2016

7. Real Rigidity, Nominal Rigidity, and the Social Value of Information
   American Economic Review, 2016, 106, (1), 200-227 View citations (47)
   See also Working Paper Real Rigidity, Nominal Rigidity, and the Social Value of Information, Working Papers (2015) View citations (7) (2015)

2015

8. Comment
   NBER Macroeconomics Annual, 2015, 29, (1), 215 - 219

2013

9. Fairness and Redistribution: Reply
   American Economic Review, 2013, 103, (1), 554-61 View citations (13)
10. Selection-free predictions in global games with endogenous information and multiple equilibria
    Theoretical Economics, 2013, 8, (3) View citations (20)
    See also Working Paper Selection-Free Predictions in Global Games with Endogenous Information and Multiple Equilibria, Discussion Papers (2012) View citations (2) (2012)
11. Sentiments
    Econometrica, 2013, 81, (2), 739-779

2011

12. Financial integration, entrepreneurial risk and global dynamics
    Journal of Economic Theory, 2011, 146, (3), 863-896 View citations (93)
    See also Working Paper Financial integration, entrepreneurial risk and global dynamics, Finance and Economics Discussion Series (2010) View citations (2) (2010)

2010

13. Volatility and growth: Credit constraints and the composition of investment
    Journal of Monetary Economics, 2010, 57, (3), 246-265 View citations (398)
    See also Working Paper Volatility and growth: Credit constraints and the composition of investment, Scholarly Articles (2010) View citations (409) (2010)

2009

14. Incomplete information, higher-order beliefs and price inertia
    Journal of Monetary Economics, 2009, 56, (S), S19-S37 View citations (78)
    See also Working Paper Incomplete Information, Higher-Order Beliefs and Price Inertia, NBER Working Papers (2009) View citations (68) (2009)
15. Policy with Dispersed Information
    Journal of the European Economic Association, 2009, 7, (1), 11-60 View citations (93)
    See also Working Paper Policy with Dispersed Information, Carlo Alberto Notebooks (2008) View citations (28) (2008)
16. Revisiting the supply side effects of government spending
    Journal of Monetary Economics, 2009, 56, (2), 137-153 View citations (40)

2007

17. Dynamic Global Games of Regime Change: Learning, Multiplicity, and the Timing of Attacks
    Econometrica, 2007, 75, (3), 711-756 View citations (207)
    See also Working Paper Dynamic Global Games of Regime Change: Learning, Multiplicity and Timing of Attacks, Discussion Papers (2007) View citations (202) (2007)
18. Efficient Use of Information and Social Value of Information
    Econometrica, 2007, 75, (4), 1103-1142 View citations (374)
19. Socially Optimal Coordination: Characterization and Policy Implications
    Journal of the European Economic Association, 2007, 5, (2-3), 585-593 View citations (21)
    See also Working Paper Socially Optimal Coordination: Characterization and Policy Implications, Discussion Papers (2006) View citations (2) (2006)
20. Uninsured Idiosyncratic Investment Risk and Aggregate Saving
    Review of Economic Dynamics, 2007, 10, (1), 1-30 View citations (222)

2006

21. Commitment vs. Flexibility
    Econometrica, 2006, 74, (2), 365-396 View citations (115)
    See also Working Paper Commitment vs. Flexibility, 2004 Meeting Papers (2004) View citations (12) (2004)
22. Crises and Prices: Information Aggregation, Multiplicity, and Volatility
    American Economic Review, 2006, 96, (5), 1720-1736 View citations (206)
    See also Working Paper Crises and Prices: Information Aggregation, Multiplicity and Volatility, 2005 Meeting Papers (2005) View citations (7) (2005)
23. Idiosyncratic production risk, growth and the business cycle
    Journal of Monetary Economics, 2006, 53, (6), 1095-1115 View citations (95)
    See also Working Paper Idiosyncratic Production Risk, Growth and the Business Cycle, Working Papers (2012) (2012)
24. 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)

2005

25. Corruption, inequality, and fairness
    Journal of Monetary Economics, 2005, 52, (7), 1227-1244 View citations (128)
    See also Working Paper Corruption, Inequality and Fairness, NBER Working Papers (2005) View citations (129) (2005)
26. Fairness and Redistribution
    American Economic Review, 2005, 95, (4), 960-980 View citations (859)
    See also Working Paper Fairness and Redistribution, Scholarly Articles (2005) View citations (864) (2005)
27. Incomplete-market dynamics in a neoclassical production economy
    Journal of Mathematical Economics, 2005, 41, (4-5), 407-438 View citations (36)
    See also Working Paper Incomplete Market Dynamics in a Neoclassical Production Economy, Post-Print (2005) View citations (35) (2005)

2004

28. Transparency of Information and Coordination in Economies with Investment Complementarities
    American Economic Review, 2004, 94, (2), 91-98 View citations (166)
    See also Working Paper Transparency of Information and Coordination in Economies with Investment Complementarities, Levine's Bibliography (2004) View citations (147) (2004)

2002

29. Fiscal Policy with Noncontingent Debt and the Optimal Maturity Structure
    The Quarterly Journal of Economics, 2002, 117, (3), 1105-1131 View citations (203)

2001

30. The Hyberbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation
    Journal of Economic Perspectives, 2001, 15, (3), 47-68 View citations (436)

Chapters

2023

1. Comment on "Long Term Expectations and Aggregate Fluctuations" 2
   A chapter in NBER Macroeconomics Annual 2023, volume 38, 2023, pp 348-362

2020

2. Imperfect Macroeconomic Expectations: Evidence and Theory
   A chapter in NBER Macroeconomics Annual 2020, volume 35, 2020, pp 1-86 View citations (50)
   See also Working Paper Imperfect Macroeconomic Expectations: Evidence and Theory, National Bureau of Economic Research, Inc (2020) View citations (60) (2020)

2016

3. Incomplete Information in Macroeconomics
   Elsevier View citations (102)

2014

4. Comment on "Information Aggregation in a Dynamic Stochastic General Equilibrium Model"
   A chapter in NBER Macroeconomics Annual 2014, Volume 29, 2014, pp 215-219

2010

5. Noisy Business Cycles
   A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 319-378 View citations (40)
   See also Working Paper Noisy Business Cycles, National Bureau of Economic Research, Inc (2009) View citations (32) (2009)

Editor

1. Journal of the European Economic Association
   MIT Press