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Details about Emmanuel Farhi

This author is deceased (2020-07-23).

Access statistics for papers by Emmanuel Farhi.

Last updated 2021-05-29. Update your information in the RePEc Author Service.

Short-id: pfa207


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Working Papers

2022

  1. Price Theory for Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2021

  1. Darwinian Returns to Scale
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (2)
  2. Keynesian Production Networks and the Covid-19 Crisis: A Simple Benchmark
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads

    See also Journal Article in AEA Papers and Proceedings (2021)
  3. The Supply-Side Effects of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads View citations (4)

2020

  1. Agir face aux dérèglements du monde
    Post-Print, HAL
    Also in PSE-Ecole d'économie de Paris (Postprint), HAL (2020)
  2. Entry vs. Rents: Aggregation with Economies of Scale
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. Global Imbalances and Policy Wars at the Zero Lower Bound
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) Downloads View citations (27)
  4. Nonlinear Production Networks with an Application to the Covid-19 Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (49)
  5. Reopening Scenarios
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  6. Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (78)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) Downloads View citations (56)

2019

  1. A Short Note on Aggregating Productivity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) Downloads View citations (1)
  2. China vs. U.S.: IMS Meets IPS
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) Downloads
  3. Macro as Explicitly Aggregated Micro
    Annual Meeting Plenary, Society for Economic Dynamics Downloads
  4. Networks, Barriers, and Trade
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)

2018

  1. Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia
    Working Paper Series, Federal Reserve Bank of Chicago Downloads View citations (28)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (51)

    See also Journal Article in Brookings Papers on Economic Activity (2018)
  2. Macroeconomics with Heterogeneous Agents and Input-Output Networks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (4)
  3. Monetary Policy, Product Market Competition, and Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) Downloads View citations (4)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2018) Downloads View citations (1)

    See also Journal Article in Economica (2019)
  4. Monetay Policy, Bounded Rationality, and Incomplete Markets
    2018 Meeting Papers, Society for Economic Dynamics Downloads View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (60)
    Working Paper, Harvard University OpenScholar (2017) Downloads View citations (61)

    See also Journal Article in American Economic Review (2019)
  5. Productivity and Misallocation in General Equilibrium
    2018 Meeting Papers, Society for Economic Dynamics Downloads View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (49)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads View citations (28)
    Discussion Papers, Centre for Macroeconomics (CFM) (2017) Downloads View citations (20)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) Downloads View citations (49)

    See also Journal Article in The Quarterly Journal of Economics (2020)
  6. Shadow Banking and the Four Pillars of Traditional Financial Intermediation
    EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich Downloads View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads View citations (29)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (29)
  7. The Macroeconomics of Border Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Chapter (2018)
    Journal Article in NBER Macroeconomics Annual (2019)
  8. The Microeconomic Foundations of Aggregate Production Functions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) Downloads View citations (5)

2017

  1. Accounting for Medium-run Macro-finance Trends
    2017 Meeting Papers, Society for Economic Dynamics Downloads
  2. Deadly Embrace - Sovereign and Financial Balance Sheets Doom Loops
    EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich Downloads View citations (24)
    Also in Working Paper, Harvard University OpenScholar (2016) Downloads View citations (72)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (51)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) Downloads View citations (14)

    See also Journal Article in Review of Economic Studies (2018)
  3. Fiscal Unions
    Working Paper, Harvard University OpenScholar Downloads View citations (3)
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads View citations (28)
    Working Paper, Harvard University OpenScholar (2014) Downloads View citations (5)

    See also Journal Article in American Economic Review (2017)
  4. Optimal Taxation with Behavioral Agents
    2017 Meeting Papers, Society for Economic Dynamics Downloads View citations (12)
    Also in Working Paper, Harvard University OpenScholar (2015) Downloads View citations (52)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) Downloads View citations (52)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) Downloads View citations (36)

    See also Journal Article in American Economic Review (2020)
  5. Rents, Technical Change, and Risk Premia: Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (75)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2017) Downloads View citations (11)

    See also Journal Article in American Economic Review (2017)
  6. Rents, Technical Change, and Risk Premia: Accounting for Secular Trends in Interest Rates, Returns to Capital, Earnings Yields, and Factor Shares
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (53)
  7. The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (50)
    Also in Working Paper, Harvard University OpenScholar (2017) Downloads View citations (34)
    2017 Meeting Papers, Society for Economic Dynamics (2017) Downloads View citations (31)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) Downloads View citations (25)
    Discussion Papers, Centre for Macroeconomics (CFM) (2017) Downloads View citations (27)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads View citations (34)

    See also Journal Article in Econometrica (2019)
  8. The safe assets shortage conundrum
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley Downloads View citations (38)
    See also Journal Article in Journal of Economic Perspectives (2017)

2016

  1. A Model of the International Monetary System
    Working Paper, Harvard University OpenScholar Downloads View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (13)
    Working Paper, Harvard University OpenScholar (2016) Downloads View citations (13)
    Working Paper, Harvard University OpenScholar (2015) Downloads View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (7)
    2016 Meeting Papers, Society for Economic Dynamics (2016) Downloads View citations (13)

    See also Journal Article in The Quarterly Journal of Economics (2018)
  2. Global Imbalances and Currency Wars at the ZLB
    Working Paper, Harvard University OpenScholar Downloads View citations (21)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) Downloads View citations (34)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (20)
  3. Safe Asset Scarcity and Aggregate Demand
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (105)
    Also in Working Paper, Harvard University OpenScholar Downloads View citations (86)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2016) Downloads View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (78)

    See also Journal Article in American Economic Review (2016)

2015

  1. Coordination and Crisis in Monetary Unions
    2015 Meeting Papers, Society for Economic Dynamics Downloads View citations (60)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (9)
    Working Paper, Harvard University OpenScholar Downloads View citations (61)
    Staff Report, Federal Reserve Bank of Minneapolis (2015) Downloads View citations (42)

    See also Journal Article in The Quarterly Journal of Economics (2015)
  2. Crash Risk in Currency Markets
    Working Paper, Harvard University OpenScholar Downloads View citations (43)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (69)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (75)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (1)
  3. Liquidity and growth: the role of counter-cyclical interest rates
    BIS Working Papers, Bank for International Settlements Downloads View citations (11)
  4. Rare Disasters and Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (20)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) Downloads View citations (78)
    Working Paper, Harvard University OpenScholar Downloads View citations (31)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (121)
  5. The Safety Trap
    Working Paper, Harvard University OpenScholar Downloads View citations (32)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (63)
    Working Paper, Harvard University OpenScholar Downloads View citations (233)

    See also Journal Article in Review of Economic Studies (2018)

2014

  1. Bequest Taxation and R-G
    Working Paper, Harvard University OpenScholar Downloads View citations (2)
  2. Fiscal Devaluations
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (47)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) Downloads View citations (20)
    Working Papers, Federal Reserve Bank of Boston (2012) Downloads View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (27)
    Working Papers, Institute for Social and Economic Change, Bangalore (2012) Downloads View citations (6)
    Working Paper, Harvard University OpenScholar Downloads
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (6)

    See also Journal Article in Review of Economic Studies (2014)
  3. How Much Would You Pay to Resolve Long-Run Risk?
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (90)
    Also in Working Paper, Harvard University OpenScholar (2013) Downloads View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (1)
    Working Paper, Harvard University OpenScholar Downloads View citations (90)
    Working Paper, Harvard University OpenScholar Downloads View citations (93)
    Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2013) Downloads View citations (1)
    2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (89)

    See also Journal Article in American Economic Review (2014)
  4. Labor Mobility Within Currency Unions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
    Also in Working Paper, Harvard University OpenScholar (2014) Downloads View citations (19)
  5. Labor Mobility in Currency Unions
    2014 Meeting Papers, Society for Economic Dynamics Downloads View citations (15)
  6. Sovereign Debt Booms in Monetary Unions
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (21)
    Also in Working Paper, Harvard University OpenScholar Downloads View citations (8)

    See also Journal Article in American Economic Review (2014)

2013

  1. A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (53)
    Also in Working Paper, Harvard University OpenScholar (2013) Downloads View citations (51)
  2. A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (56)
    Also in Working Paper, Harvard University OpenScholar Downloads View citations (5)

    See also Journal Article in Econometrica (2016)
  3. Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (75)
  4. Estate Taxation with Altruism Heterogeneity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
    Also in Working Paper, Harvard University OpenScholar Downloads

    See also Journal Article in American Economic Review (2013)
  5. Liquid Bundles
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse Downloads View citations (1)
    Also in Working Paper, Harvard University OpenScholar Downloads
    TSE Working Papers, Toulouse School of Economics (TSE) (2013) Downloads View citations (1)

    See also Journal Article in Journal of Economic Theory (2015)

2012

  1. Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (176)
  2. Fiscal Multipliers: Liquidity Traps and Currency Unions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (49)
    Also in Working Paper, Harvard University OpenScholar Downloads View citations (142)
  3. Monetary Policy, Liquidity, and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
  4. Unconventional fiscal policy at the zero bound
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) Downloads View citations (7)
    Working Paper, Harvard University OpenScholar Downloads
    Working Papers, Banco de Portugal, Economics and Research Department (2011) Downloads View citations (18)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (15)

    See also Journal Article in American Economic Review (2013)

2011

  1. Bubbly Liquidity
    TSE Working Papers, Toulouse School of Economics (TSE) View citations (25)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (19)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2011) View citations (25)

    See also Journal Article in Review of Economic Studies (2012)
  2. Insurance and Taxation over the Life Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (14)

    See also Journal Article in Review of Economic Studies (2013)
  3. Réformer le système monétaire international
    Post-Print, HAL
    Also in PSE-Ecole d'économie de Paris (Postprint), HAL (2011)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2011) View citations (1)

2010

  1. Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts
    TSE Working Papers, Toulouse School of Economics (TSE) Downloads View citations (19)
    Also in Institutions and Markets Papers, Fondazione Eni Enrico Mattei (FEEM) (2009) Downloads View citations (42)
    Working Papers, Fondazione Eni Enrico Mattei (2009) Downloads View citations (23)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (75)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2010) Downloads View citations (21)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (18)

    See also Journal Article in American Economic Review (2012)

2009

  1. A Theory of Liquidity and Regulation of Financial Intermediation
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (141)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (5)
    Levine's Working Paper Archive, David K. Levine (2008) Downloads View citations (1)
    Levine's Bibliography, UCLA Department of Economics (2006) Downloads View citations (6)

    See also Journal Article in Review of Economic Studies (2009)
  2. Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
    2009 Meeting Papers, Society for Economic Dynamics Downloads View citations (8)
    See also Journal Article in Journal of Political Economy (2012)

2008

  1. A Positive Theory of Capital Taxation
    2008 Meeting Papers, Society for Economic Dynamics
  2. An Equilibrium Model of "Global Imbalances" and Low Interest Rates
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (589)
    Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2006) Downloads View citations (55)
    2006 Meeting Papers, Society for Economic Dynamics (2006) Downloads View citations (76)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (162)
    BIS Working Papers, Bank for International Settlements (2006) Downloads View citations (26)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2006) Downloads
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (94)

    See also Journal Article in American Economic Review (2008)
  3. Competing Liquidities: Corporate Securities Real Bonds and Bubbles
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (9)
  4. Fear of Rejection? Tiered Certification and Transparency
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    Also in Working Paper, Harvard University OpenScholar Downloads View citations (41)

    See also Journal Article in RAND Journal of Economics (2013)
  5. Financial Crash, Commodity Prices and Global Imbalances
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (99)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (178)
    Working Paper, Harvard University OpenScholar Downloads View citations (6)
    Scholarly Articles, Harvard University Department of Economics (2008) Downloads View citations (167)
  6. Optimal Savings Distortions with Recursive Preferences
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    See also Journal Article in Journal of Monetary Economics (2008)

2007

  1. Capital Taxation and Ownership when Markets are Incomplete
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of Political Economy (2010)
  2. Inequality and Social Discounting
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (94)
    Also in Working Paper, Harvard University OpenScholar Downloads

    See also Journal Article in Journal of Political Economy (2007)

2006

  1. Capital Taxation
    2006 Meeting Papers, Society for Economic Dynamics
  2. Progressive Estate Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    See also Journal Article in The Quarterly Journal of Economics (2010)

2005

  1. Inequality, Social Discounting and Estate Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005) Downloads View citations (19)

2004

  1. Speculative Growth: Hints from the US Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    See also Journal Article in American Economic Review (2006)

Undated

  1. Dilemma not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows
    Working Paper, Harvard University OpenScholar Downloads View citations (114)
  2. Rents, Technical Change, and Risk Premia: Accounting for Secular Changes in Interest Rates, Returns to Capital, Earnings Yields, and Factor Shares
    Working Paper, Harvard University OpenScholar Downloads View citations (1)

Journal Articles

2021

  1. Keynesian Production Networks and the COVID-19 Crisis: A Simple Benchmark
    AEA Papers and Proceedings, 2021, 111, 272-76 Downloads View citations (2)
    See also Working Paper (2021)

2020

  1. Optimal Taxation with Behavioral Agents
    American Economic Review, 2020, 110, (1), 298-336 Downloads View citations (30)
    See also Working Paper (2017)
  2. Productivity and Misallocation in General Equilibrium
    The Quarterly Journal of Economics, 2020, 135, (1), 105-163 Downloads View citations (47)
    See also Working Paper (2018)

2019

  1. China versus the United States: IMS Meets IPS
    AEA Papers and Proceedings, 2019, 109, 476-81 Downloads View citations (9)
  2. JEEA-FBBVA Lecture 2018: The Microeconomic Foundations of Aggregate Production Functions
    Journal of the European Economic Association, 2019, 17, (5), 1337-1392 Downloads View citations (4)
  3. Monetary Policy, Bounded Rationality, and Incomplete Markets
    American Economic Review, 2019, 109, (11), 3887-3928 Downloads View citations (66)
    See also Working Paper (2018)
  4. Monetary Policy, Product Market Competition and Growth
    Economica, 2019, 86, (343), 431-470 Downloads View citations (3)
    See also Working Paper (2018)
  5. The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem
    Econometrica, 2019, 87, (4), 1155-1203 Downloads View citations (46)
    See also Working Paper (2017)
  6. The Macroeconomics of Border Taxes
    NBER Macroeconomics Annual, 2019, 33, (1), 395 - 457 Downloads View citations (2)
    See also Working Paper (2018)
    Chapter (2018)
  7. What is Driving the Return Spread Between “Safe” and “Risky” Assets?
    Chicago Fed Letter, 2019 Downloads

2018

  1. A Model of the International Monetary System
    The Quarterly Journal of Economics, 2018, 133, (1), 295-355 Downloads View citations (31)
    See also Working Paper (2016)
  2. Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia
    Brookings Papers on Economic Activity, 2018, 49, (2 (Fall)), 147-250 Downloads View citations (50)
    See also Working Paper (2018)
  3. Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops
    Review of Economic Studies, 2018, 85, (3), 1781-1823 Downloads View citations (84)
    See also Working Paper (2017)
  4. The Safety Trap
    Review of Economic Studies, 2018, 85, (1), 223-274 Downloads View citations (56)
    See also Working Paper (2015)

2017

  1. Fiscal Unions
    American Economic Review, 2017, 107, (12), 3788-3834 Downloads View citations (70)
    See also Working Paper (2017)
  2. Rents, Technical Change, and Risk Premia Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares
    American Economic Review, 2017, 107, (5), 614-20 Downloads View citations (76)
    See also Working Paper (2017)
  3. The Safe Assets Shortage Conundrum
    Journal of Economic Perspectives, 2017, 31, (3), 29-46 Downloads View citations (131)
    See also Working Paper (2017)

2016

  1. A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
    Econometrica, 2016, 84, 1645-1704 Downloads View citations (132)
    See also Working Paper (2013)
  2. Editor's Choice Rare Disasters and Exchange Rates
    The Quarterly Journal of Economics, 2016, 131, (1), 1-52 Downloads View citations (106)
  3. Safe Asset Scarcity and Aggregate Demand
    American Economic Review, 2016, 106, (5), 513-18 Downloads View citations (105)
    See also Working Paper (2016)

2015

  1. Coordination and Crisis in Monetary Unions
    The Quarterly Journal of Economics, 2015, 130, (4), 1727-1779 Downloads View citations (60)
    See also Working Paper (2015)
  2. Liquid bundles
    Journal of Economic Theory, 2015, 158, (PB), 634-655 Downloads View citations (1)
    See also Working Paper (2013)

2014

  1. Dilemma Not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows
    IMF Economic Review, 2014, 62, (4), 569-605 Downloads View citations (98)
  2. Fiscal Devaluations
    Review of Economic Studies, 2014, 81, (2), 725-760 Downloads View citations (39)
    See also Working Paper (2014)
  3. How Much Would You Pay to Resolve Long-Run Risk?
    American Economic Review, 2014, 104, (9), 2680-97 Downloads View citations (90)
    See also Working Paper (2014)
  4. Sovereign Debt Booms in Monetary Unions
    American Economic Review, 2014, 104, (5), 101-06 Downloads View citations (21)
    See also Working Paper (2014)

2013

  1. Estate Taxation with Altruism Heterogeneity
    American Economic Review, 2013, 103, (3), 489-95 Downloads View citations (20)
    See also Working Paper (2013)
  2. Fear of rejection? Tiered certification and transparency
    RAND Journal of Economics, 2013, 44, (4), 610-631 Downloads View citations (32)
    See also Working Paper (2008)
  3. Insurance and Taxation over the Life Cycle
    Review of Economic Studies, 2013, 80, (2), 596-635 Downloads View citations (132)
    See also Working Paper (2011)
  4. Unconventional Fiscal Policy at the Zero Bound
    American Economic Review, 2013, 103, (4), 1172-1211 Downloads View citations (142)
    See also Working Paper (2012)

2012

  1. Bubbly Liquidity
    Review of Economic Studies, 2012, 79, (2), 678-706 Downloads View citations (89)
    See also Working Paper (2011)
  2. Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
    Journal of Political Economy, 2012, 120, (3), 000 - 000 Downloads View citations (36)
    See also Working Paper (2009)
  3. Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
    American Economic Review, 2012, 102, (1), 60-93 Downloads View citations (511)
    See also Working Paper (2010)
  4. La TVA sociale, une solution aux problèmes de compétitivité ?
    Regards croisés sur l'économie, 2012, n° 11, (1), 107-112 Downloads
  5. Non-linear Capital Taxation Without Commitment
    Review of Economic Studies, 2012, 79, (4), 1469-1493 Downloads View citations (56)

2010

  1. Capital Taxation and Ownership When Markets Are Incomplete
    Journal of Political Economy, 2010, 118, (5), 908 - 948 Downloads View citations (46)
    See also Working Paper (2007)
  2. Progressive Estate Taxation
    The Quarterly Journal of Economics, 2010, 125, (2), 635-673 Downloads View citations (89)
    See also Working Paper (2006)

2009

  1. A Theory of Liquidity and Regulation of Financial Intermediation
    Review of Economic Studies, 2009, 76, (3), 973-992 Downloads View citations (144)
    See also Working Paper (2009)
  2. Leverage and the Central Banker's Put
    American Economic Review, 2009, 99, (2), 589-93 Downloads View citations (32)

2008

  1. An Equilibrium Model of "Global Imbalances" and Low Interest Rates
    American Economic Review, 2008, 98, (1), 358-93 Downloads View citations (470)
    See also Working Paper (2008)
  2. Financial Crash, Commody Prices, and Global Inbalances
    Brookings Papers on Economic Activity, 2008, 39, (2 (Fall)), 1-68 Downloads View citations (62)
  3. Optimal savings distortions with recursive preferences
    Journal of Monetary Economics, 2008, 55, (1), 21-42 Downloads View citations (12)
    See also Working Paper (2008)

2007

  1. Inequality and Social Discounting
    Journal of Political Economy, 2007, 115, 365-402 Downloads View citations (95)
    See also Working Paper (2007)
  2. Saving and investing for early retirement: A theoretical analysis
    Journal of Financial Economics, 2007, 83, (1), 87-121 Downloads View citations (75)

2006

  1. Speculative Growth: Hints from the U.S. Economy
    American Economic Review, 2006, 96, (4), 1159-1192 Downloads View citations (90)
    See also Working Paper (2004)

2005

  1. Certifying New Technologies
    Journal of the European Economic Association, 2005, 3, (2-3), 734-744 Downloads View citations (12)

Chapters

2018

  1. The Macroeconomics of Border Taxes
    A chapter in NBER Macroeconomics Annual 2018, volume 33, 2018, pp 395-457 Downloads View citations (7)
    See also Journal Article in NBER Macroeconomics Annual (2019)
    Working Paper (2018)

2016

  1. Fiscal Multipliers☆☆We thank the editors John Taylor and Harald Uhlig for detailed comments, as well as suggestions and comments by Gabriel Chodorow-Reich, Jon Steinsson, and Michael Weber
    Elsevier Downloads
 
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