Details about Emmanuel Farhi
This author is deceased (2020-07-23). Access statistics for papers by Emmanuel Farhi.
Last updated 2023-03-10. Update your information in the RePEc Author Service.
Short-id: pfa207
Jump to Journal Articles Chapters
Working Papers
2023
- Consumer Surplus from Suppliers: How Big is it and Does it Matter for Growth?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
- Input varieties and growth: a micro-to-macro analysis
Working Paper Research, National Bank of Belgium
2022
- Price Theory for Incomplete Markets
NBER Working Papers, National Bureau of Economic Research, Inc
2021
- Darwinian Returns to Scale
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (4)
See also Journal Article The Darwinian Returns to Scale, The Review of Economic Studies, Review of Economic Studies Ltd (2024) (2024)
- Keynesian Production Networks and the Covid-19 Crisis: A Simple Benchmark
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (6)
See also Journal Article Keynesian Production Networks and the COVID-19 Crisis: A Simple Benchmark, AEA Papers and Proceedings, American Economic Association (2021) View citations (6) (2021)
- Shadow banking and the four pillars of traditional financial intermediation
Post-Print, HAL View citations (6)
Also in EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2018) View citations (2) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (38) NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (39)
See also Journal Article Shadow Banking and the Four Pillars of Traditional Financial Intermediation, The Review of Economic Studies, Review of Economic Studies Ltd (2021) View citations (12) (2021)
- The Supply-Side Effects of Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (21)
See also Journal Article The Supply-Side Effects of Monetary Policy, Journal of Political Economy, University of Chicago Press (2024) View citations (2) (2024)
2020
- Agir face aux dérèglements du monde
PSE-Ecole d'économie de Paris (Postprint), HAL
Also in SciencePo Working papers Main, HAL (2020) Post-Print, HAL (2020)
- Entry vs. Rents: Aggregation with Economies of Scale
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
- Global Imbalances and Policy Wars at the Zero Lower Bound
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (28)
See also Journal Article Global Imbalances and Policy Wars at the Zero Lower Bound, The Review of Economic Studies, Review of Economic Studies Ltd (2021) View citations (7) (2021)
- Nonlinear Production Networks with an Application to the Covid-19 Crisis
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (91)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (89)
- Reopening Scenarios
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
- Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (118)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (130)
See also Journal Article Supply and Demand in Disaggregated Keynesian Economies with an Application to the COVID-19 Crisis, American Economic Review, American Economic Association (2022) View citations (98) (2022)
2019
- A Short Note on Aggregating Productivity
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (7)
- China vs. U.S.: IMS Meets IPS
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019)
- Macro as Explicitly Aggregated Micro
Annual Meeting Plenary, Society for Economic Dynamics
- Networks, Barriers, and Trade
NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
2018
- Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia
Working Paper Series, Federal Reserve Bank of Chicago View citations (67)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (78)
See also Journal Article Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2018) View citations (100) (2018)
- Deadly embrace: sovereign and financial balance sheets doom loops
Post-Print, HAL View citations (120)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (59) EconPol Working Paper, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2017) View citations (52) Working Paper, Harvard University OpenScholar (2016) View citations (77) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (16)
See also Journal Article Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops, The Review of Economic Studies, Review of Economic Studies Ltd (2018) View citations (163) (2018)
- Macroeconomics with Heterogeneous Agents and Input-Output Networks
NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (12)
- Monetary Policy, Product Market Competition, and Growth
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
Also in CEP Discussion Papers, Centre for Economic Performance, LSE (2018) View citations (5) LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) View citations (5)
See also Journal Article Monetary Policy, Product Market Competition and Growth, Economica, London School of Economics and Political Science (2019) View citations (11) (2019)
- Monetay Policy, Bounded Rationality, and Incomplete Markets
2018 Meeting Papers, Society for Economic Dynamics View citations (8)
Also in Working Paper, Harvard University OpenScholar (2017) View citations (64) NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (63)
See also Journal Article Monetary Policy, Bounded Rationality, and Incomplete Markets, American Economic Review, American Economic Association (2019) View citations (128) (2019)
- Productivity and Misallocation in General Equilibrium
2018 Meeting Papers, Society for Economic Dynamics View citations (23)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (61) NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (56) Discussion Papers, Centre for Macroeconomics (CFM) (2017) View citations (62) LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (51)
See also Journal Article Productivity and Misallocation in General Equilibrium, The Quarterly Journal of Economics, President and Fellows of Harvard College (2020) View citations (152) (2020)
- The Macroeconomics of Border Taxes
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
See also Chapter The Macroeconomics of Border Taxes, NBER Chapters, National Bureau of Economic Research, Inc (2018) View citations (8) (2018) Journal Article The Macroeconomics of Border Taxes, NBER Macroeconomics Annual, University of Chicago Press (2019) View citations (8) (2019)
- The Microeconomic Foundations of Aggregate Production Functions
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (14)
2017
- Accounting for Medium-run Macro-finance Trends
2017 Meeting Papers, Society for Economic Dynamics
- Fiscal Unions
Working Paper, Harvard University OpenScholar View citations (3)
Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (2) Working Paper, Harvard University OpenScholar (2014) View citations (5) NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (28)
See also Journal Article Fiscal Unions, American Economic Review, American Economic Association (2017) View citations (70) (2017)
- Optimal Taxation with Behavioral Agents
2017 Meeting Papers, Society for Economic Dynamics View citations (12)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (54) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (54) Working Paper, Harvard University OpenScholar (2015) View citations (54)
See also Journal Article Optimal Taxation with Behavioral Agents, American Economic Review, American Economic Association (2020) View citations (80) (2020)
- Rents, Technical Change, and Risk Premia Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares
Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (104)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (107)
See also Journal Article Rents, Technical Change, and Risk Premia Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares, American Economic Review, American Economic Association (2017) View citations (108) (2017)
- Rents, Technical Change, and Risk Premia: Accounting for Secular Trends in Interest Rates, Returns to Capital, Earnings Yields
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (104)
- The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem
Working Paper, Harvard University OpenScholar View citations (37)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (37) 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (34) NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (53) LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (27) Discussion Papers, Centre for Macroeconomics (CFM) (2017) View citations (30)
See also Journal Article The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem, Econometrica, Econometric Society (2019) View citations (161) (2019)
- The Safe Assets Shortage Conundrum
Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (151)
See also Journal Article The Safe Assets Shortage Conundrum, Journal of Economic Perspectives, American Economic Association (2017) View citations (173) (2017)
2016
- A Model of the International Monetary System
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
Also in Working Paper, Harvard University OpenScholar (2016) View citations (13) Working Paper, Harvard University OpenScholar (2015) View citations (1) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (13) 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (13) Working Paper, Harvard University OpenScholar (2016) View citations (13)
See also Journal Article A Model of the International Monetary System, The Quarterly Journal of Economics, President and Fellows of Harvard College (2018) View citations (62) (2018)
- Global Imbalances and Currency Wars at the ZLB
2016 Meeting Papers, Society for Economic Dynamics View citations (21)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (77) Working Paper, Harvard University OpenScholar (2016) View citations (23)
- Safe Asset Scarcity and Aggregate Demand
NBER Working Papers, National Bureau of Economic Research, Inc View citations (123)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (122) Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2016) View citations (107) Working Paper, Harvard University OpenScholar View citations (83)
See also Journal Article Safe Asset Scarcity and Aggregate Demand, American Economic Review, American Economic Association (2016) View citations (123) (2016)
2015
- Coordination and Crisis in Monetary Unions
Staff Report, Federal Reserve Bank of Minneapolis View citations (47)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (11) 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (72) Working Paper, Harvard University OpenScholar View citations (60)
See also Journal Article Coordination and Crisis in Monetary Unions, The Quarterly Journal of Economics, President and Fellows of Harvard College (2015) View citations (72) (2015)
- Crash Risk in Currency Markets
Working Paper, Harvard University OpenScholar View citations (51)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (74) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (87) 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (1)
- Liquidity and growth: the role of counter-cyclical interest rates
BIS Working Papers, Bank for International Settlements View citations (11)
- Rare Disasters and Exchange Rates
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (35)
Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (78) Working Paper, Harvard University OpenScholar View citations (31) NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (121)
- The Safety Trap
Working Paper, Harvard University OpenScholar View citations (31)
Also in Working Paper, Harvard University OpenScholar View citations (232) NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (65)
See also Journal Article The Safety Trap, The Review of Economic Studies, Review of Economic Studies Ltd (2018) View citations (61) (2018)
2014
- Bequest Taxation and R-G
Working Paper, Harvard University OpenScholar View citations (2)
- Fiscal Devaluations
Scholarly Articles, Harvard University Department of Economics View citations (49)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (20) Working Papers, Federal Reserve Bank of Boston (2012) View citations (6) NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (27) Working Papers, Institute for Social and Economic Change, Bangalore (2012) View citations (6) Working Paper, Harvard University OpenScholar  2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (6)
See also Journal Article Fiscal Devaluations, The Review of Economic Studies, Review of Economic Studies Ltd (2014) View citations (44) (2014)
- How Much Would You Pay to Resolve Long-Run Risk?
Scholarly Articles, Harvard University Department of Economics View citations (113)
Also in Working Paper, Harvard University OpenScholar View citations (90) Working Paper, Harvard University OpenScholar (2013) View citations (1) 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (115) Working Paper, Harvard University OpenScholar View citations (91) NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (1) Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics (2013) View citations (1)
See also Journal Article How Much Would You Pay to Resolve Long-Run Risk?, American Economic Review, American Economic Association (2014) View citations (114) (2014)
- Labor Mobility Within Currency Unions
NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
Also in Working Paper, Harvard University OpenScholar (2014) View citations (24)
- Labor Mobility in Currency Unions
2014 Meeting Papers, Society for Economic Dynamics View citations (16)
- Sovereign Debt Booms in Monetary Unions
Scholarly Articles, Harvard University Department of Economics View citations (23)
Also in Working Paper, Harvard University OpenScholar View citations (8)
See also Journal Article Sovereign Debt Booms in Monetary Unions, American Economic Review, American Economic Association (2014) View citations (25) (2014)
2013
- A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy
Working Paper, Harvard University OpenScholar View citations (61)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (61)
- A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
Also in Working Paper, Harvard University OpenScholar View citations (5)
See also Journal Article A Theory of Macroprudential Policies in the Presence of Nominal Rigidities, Econometrica, Econometric Society (2016) View citations (222) (2016)
- Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises
NBER Working Papers, National Bureau of Economic Research, Inc View citations (90)
Also in Working Papers, Princeton University. Economics Department. (2013) View citations (12)
- Estate Taxation with Altruism Heterogeneity
NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
Also in Working Paper, Harvard University OpenScholar 
See also Journal Article Estate Taxation with Altruism Heterogeneity, American Economic Review, American Economic Association (2013) View citations (28) (2013)
- Liquid Bundles
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (1)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2013) View citations (1) Working Paper, Harvard University OpenScholar 
See also Journal Article Liquid bundles, Journal of Economic Theory, Elsevier (2015) View citations (2) (2015)
2012
- Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (195)
- Fiscal Multipliers: Liquidity Traps and Currency Unions
NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
Also in Working Paper, Harvard University OpenScholar View citations (142)
- Monetary Policy, Liquidity, and Growth
NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
- Unconventional fiscal policy at the zero bound
Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
Also in Working Papers, Banco de Portugal, Economics and Research Department (2011) View citations (17) NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (15) Working Paper, Harvard University OpenScholar  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (15)
See also Journal Article Unconventional Fiscal Policy at the Zero Bound, American Economic Review, American Economic Association (2013) View citations (165) (2013)
2011
- Bubbly Liquidity
NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2011) View citations (25) IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2011) View citations (25) 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (13)
See also Journal Article Bubbly Liquidity, The Review of Economic Studies, Review of Economic Studies Ltd (2012) View citations (89) (2012)
- Insurance and Taxation over the Life Cycle
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (14)
See also Journal Article Insurance and Taxation over the Life Cycle, The Review of Economic Studies, Review of Economic Studies Ltd (2013) View citations (149) (2013)
- Réformer le système monétaire international
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (1)
Also in Post-Print, HAL (2011) PSE-Ecole d'économie de Paris (Postprint), HAL (2011)
2010
- Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (21)
Also in TSE Working Papers, Toulouse School of Economics (TSE) (2010) View citations (18) NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (76) 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (17) Institutions and Markets Papers, Fondazione Eni Enrico Mattei (FEEM) (2009) View citations (75) Working Papers, Fondazione Eni Enrico Mattei (2009) View citations (80)
See also Journal Article Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts, American Economic Review, American Economic Association (2012) View citations (708) (2012)
2009
- A Theory of Liquidity and Regulation of Financial Intermediation
Scholarly Articles, Harvard University Department of Economics View citations (164)
Also in Levine's Working Paper Archive, David K. Levine (2008) View citations (1) NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (5) Levine's Bibliography, UCLA Department of Economics (2006) View citations (6)
See also Journal Article A Theory of Liquidity and Regulation of Financial Intermediation, The Review of Economic Studies, Review of Economic Studies Ltd (2009) View citations (164) (2009)
- Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
2009 Meeting Papers, Society for Economic Dynamics View citations (8)
See also Journal Article Capital Taxation: Quantitative Explorations of the Inverse Euler Equation, Journal of Political Economy, University of Chicago Press (2012) View citations (43) (2012)
2008
- A Positive Theory of Capital Taxation
2008 Meeting Papers, Society for Economic Dynamics
- An Equilibrium Model of "Global Imbalances" and Low Interest Rates
Scholarly Articles, Harvard University Department of Economics View citations (692)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (191) BIS Working Papers, Bank for International Settlements (2006) View citations (40) NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (95) 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (79) 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) View citations (111) Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2006) View citations (83)
See also Journal Article An Equilibrium Model of "Global Imbalances" and Low Interest Rates, American Economic Review, American Economic Association (2008) View citations (533) (2008)
- Competing Liquidities: Corporate Securities Real Bonds and Bubbles
IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (8)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (9)
- Fear of Rejection? Tiered Certification and Transparency
NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
Also in Working Paper, Harvard University OpenScholar View citations (41)
See also Journal Article Fear of rejection? Tiered certification and transparency, RAND Journal of Economics, RAND Corporation (2013) View citations (36) (2013)
- Financial Crash, Commodity Prices and Global Imbalances
NBER Working Papers, National Bureau of Economic Research, Inc View citations (194)
Also in Working Paper, Harvard University OpenScholar View citations (6) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (178) Scholarly Articles, Harvard University Department of Economics (2008) View citations (186)
- Optimal Savings Distortions with Recursive Preferences
NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
See also Journal Article Optimal savings distortions with recursive preferences, Journal of Monetary Economics, Elsevier (2008) View citations (12) (2008)
2007
- Capital Taxation and Ownership when Markets are Incomplete
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
See also Journal Article Capital Taxation and Ownership When Markets Are Incomplete, Journal of Political Economy, University of Chicago Press (2010) View citations (55) (2010)
- Inequality and Social Discounting
Scholarly Articles, Harvard University Department of Economics View citations (102)
Also in Working Paper, Harvard University OpenScholar 
See also Journal Article Inequality and Social Discounting, Journal of Political Economy, University of Chicago Press (2007) View citations (105) (2007)
2006
- Capital Taxation
2006 Meeting Papers, Society for Economic Dynamics
- Progressive Estate Taxation
NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
See also Journal Article Progressive Estate Taxation, The Quarterly Journal of Economics, President and Fellows of Harvard College (2010) View citations (98) (2010)
2005
- Inequality, Social Discounting and Estate Taxation
2005 Meeting Papers, Society for Economic Dynamics View citations (18)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (19)
2004
- Speculative Growth: Hints from the US Economy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
See also Journal Article Speculative Growth: Hints from the U.S. Economy, American Economic Review, American Economic Association (2006) View citations (95) (2006)
Undated
- Dilemma not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows
Working Paper, Harvard University OpenScholar View citations (114)
- 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 View citations (1)
Journal Articles
2024
- The Darwinian Returns to Scale
The Review of Economic Studies, 2024, 91, (3), 1373-1405 
See also Working Paper Darwinian Returns to Scale, CEPR Discussion Papers (2021) View citations (4) (2021)
- The Supply-Side Effects of Monetary Policy
Journal of Political Economy, 2024, 132, (4), 1065 - 1112 View citations (2)
See also Working Paper The Supply-Side Effects of Monetary Policy, NBER Working Papers (2021) View citations (17) (2021)
2022
- Supply and Demand in Disaggregated Keynesian Economies with an Application to the COVID-19 Crisis
American Economic Review, 2022, 112, (5), 1397-1436 View citations (98)
See also Working Paper Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis, CEPR Discussion Papers (2020) View citations (118) (2020)
2021
- Global Imbalances and Policy Wars at the Zero Lower Bound
(Safe Assets)
The Review of Economic Studies, 2021, 88, (6), 2570-2621 View citations (7)
See also Working Paper Global Imbalances and Policy Wars at the Zero Lower Bound, CEPR Discussion Papers (2020) View citations (14) (2020)
- Keynesian Production Networks and the COVID-19 Crisis: A Simple Benchmark
AEA Papers and Proceedings, 2021, 111, 272-76 View citations (6)
See also Working Paper Keynesian Production Networks and the Covid-19 Crisis: A Simple Benchmark, CEPR Discussion Papers (2021) View citations (6) (2021)
- Review Article: Perspectives on the Future of Asset Pricing
(Do survey expectations of stock returns reflect risk-adjustments?)
The Review of Financial Studies, 2021, 34, (4), 2126-2160 View citations (20)
- Shadow Banking and the Four Pillars of Traditional Financial Intermediation
(Securitization without Risk Transfer)
The Review of Economic Studies, 2021, 88, (6), 2622-2653 View citations (12)
See also Working Paper Shadow banking and the four pillars of traditional financial intermediation, Post-Print (2021) View citations (6) (2021)
2020
- Optimal Taxation with Behavioral Agents
American Economic Review, 2020, 110, (1), 298-336 View citations (80)
See also Working Paper Optimal Taxation with Behavioral Agents, 2017 Meeting Papers (2017) View citations (12) (2017)
- Productivity and Misallocation in General Equilibrium
The Quarterly Journal of Economics, 2020, 135, (1), 105-163 View citations (152)
See also Working Paper Productivity and Misallocation in General Equilibrium, 2018 Meeting Papers (2018) View citations (23) (2018)
2019
- China versus the United States: IMS Meets IPS
AEA Papers and Proceedings, 2019, 109, 476-81 View citations (13)
- JEEA-FBBVA Lecture 2018: The Microeconomic Foundations of Aggregate Production Functions
Journal of the European Economic Association, 2019, 17, (5), 1337-1392 View citations (14)
- Monetary Policy, Bounded Rationality, and Incomplete Markets
American Economic Review, 2019, 109, (11), 3887-3928 View citations (128)
See also Working Paper Monetay Policy, Bounded Rationality, and Incomplete Markets, 2018 Meeting Papers (2018) View citations (8) (2018)
- Monetary Policy, Product Market Competition and Growth
Economica, 2019, 86, (343), 431-470 View citations (11)
See also Working Paper Monetary Policy, Product Market Competition, and Growth, CEPR Discussion Papers (2018) View citations (5) (2018)
- The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem
Econometrica, 2019, 87, (4), 1155-1203 View citations (161)
See also Working Paper The Macroeconomic Impact of Microeconomic Shocks: Beyond Hulten's Theorem, Working Paper (2017) View citations (37) (2017)
- The Macroeconomics of Border Taxes
NBER Macroeconomics Annual, 2019, 33, (1), 395 - 457 View citations (8)
See also Chapter The Macroeconomics of Border Taxes, NBER Chapters, 2018, 395-457 (2018) View citations (8) (2018) Working Paper The Macroeconomics of Border Taxes, NBER Working Papers (2018) View citations (8) (2018)
- What is Driving the Return Spread Between “Safe” and “Risky” Assets?
Chicago Fed Letter, 2019
2018
- A Model of the International Monetary System
The Quarterly Journal of Economics, 2018, 133, (1), 295-355 View citations (62)
See also Working Paper A Model of the International Monetary System, NBER Working Papers (2016) View citations (13) (2016)
- Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia
Brookings Papers on Economic Activity, 2018, 49, (2 (Fall)), 147-250 View citations (100)
See also Working Paper Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia, Working Paper Series (2018) View citations (67) (2018)
- Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops
The Review of Economic Studies, 2018, 85, (3), 1781-1823 View citations (163)
See also Working Paper Deadly embrace: sovereign and financial balance sheets doom loops, Post-Print (2018) View citations (120) (2018)
- The Safety Trap
The Review of Economic Studies, 2018, 85, (1), 223-274 View citations (61)
See also Working Paper The Safety Trap, Working Paper (2015) View citations (31) (2015)
2017
- Fiscal Unions
American Economic Review, 2017, 107, (12), 3788-3834 View citations (70)
See also Working Paper Fiscal Unions, Working Paper (2017) View citations (3) (2017)
- 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 View citations (108)
See also Working Paper Rents, Technical Change, and Risk Premia Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares, Department of Economics, Working Paper Series (2017) View citations (104) (2017)
- The Safe Assets Shortage Conundrum
Journal of Economic Perspectives, 2017, 31, (3), 29-46 View citations (173)
See also Working Paper The Safe Assets Shortage Conundrum, Department of Economics, Working Paper Series (2017) View citations (151) (2017)
2016
- A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
Econometrica, 2016, 84, 1645-1704 View citations (222)
See also Working Paper A Theory of Macroprudential Policies in the Presence of Nominal Rigidities, NBER Working Papers (2013) View citations (62) (2013)
- Editor's Choice Rare Disasters and Exchange Rates
The Quarterly Journal of Economics, 2016, 131, (1), 1-52 View citations (151)
- Safe Asset Scarcity and Aggregate Demand
American Economic Review, 2016, 106, (5), 513-18 View citations (123)
See also Working Paper Safe Asset Scarcity and Aggregate Demand, NBER Working Papers (2016) View citations (123) (2016)
2015
- Coordination and Crisis in Monetary Unions
The Quarterly Journal of Economics, 2015, 130, (4), 1727-1779 View citations (72)
See also Working Paper Coordination and Crisis in Monetary Unions, Staff Report (2015) View citations (47) (2015)
- Liquid bundles
Journal of Economic Theory, 2015, 158, (PB), 634-655 View citations (2)
See also Working Paper Liquid Bundles, IDEI Working Papers (2013) View citations (1) (2013)
2014
- Dilemma Not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows
IMF Economic Review, 2014, 62, (4), 569-605 View citations (129)
- Fiscal Devaluations
The Review of Economic Studies, 2014, 81, (2), 725-760 View citations (44)
See also Working Paper Fiscal Devaluations, Scholarly Articles (2014) View citations (49) (2014)
- How Much Would You Pay to Resolve Long-Run Risk?
American Economic Review, 2014, 104, (9), 2680-97 View citations (114)
See also Working Paper How Much Would You Pay to Resolve Long-Run Risk?, Scholarly Articles (2014) View citations (113) (2014)
- Sovereign Debt Booms in Monetary Unions
American Economic Review, 2014, 104, (5), 101-06 View citations (25)
See also Working Paper Sovereign Debt Booms in Monetary Unions, Scholarly Articles (2014) View citations (23) (2014)
2013
- Estate Taxation with Altruism Heterogeneity
American Economic Review, 2013, 103, (3), 489-95 View citations (28)
See also Working Paper Estate Taxation with Altruism Heterogeneity, NBER Working Papers (2013) View citations (27) (2013)
- Fear of rejection? Tiered certification and transparency
RAND Journal of Economics, 2013, 44, (4), 610-631 View citations (36)
See also Working Paper Fear of Rejection? Tiered Certification and Transparency, NBER Working Papers (2008) View citations (22) (2008)
- Insurance and Taxation over the Life Cycle
The Review of Economic Studies, 2013, 80, (2), 596-635 View citations (149)
See also Working Paper Insurance and Taxation over the Life Cycle, NBER Working Papers (2011) View citations (14) (2011)
- Unconventional Fiscal Policy at the Zero Bound
American Economic Review, 2013, 103, (4), 1172-1211 View citations (165)
See also Working Paper Unconventional fiscal policy at the zero bound, Working Papers (2012) View citations (3) (2012)
2012
- Bubbly Liquidity
The Review of Economic Studies, 2012, 79, (2), 678-706 View citations (89)
See also Working Paper Bubbly Liquidity, NBER Working Papers (2011) View citations (19) (2011)
- Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
Journal of Political Economy, 2012, 120, (3), 000 - 000 View citations (43)
See also Working Paper Capital Taxation: Quantitative Explorations of the Inverse Euler Equation, 2009 Meeting Papers (2009) View citations (8) (2009)
- Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts
American Economic Review, 2012, 102, (1), 60-93 View citations (708)
See also Working Paper Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts, IDEI Working Papers (2010) View citations (21) (2010)
- La TVA sociale, une solution aux problèmes de compétitivité ?
Regards croisés sur l'économie, 2012, n° 11, (1), 107-112
- Non-linear Capital Taxation Without Commitment
The Review of Economic Studies, 2012, 79, (4), 1469-1493 View citations (66)
2010
- Capital Taxation and Ownership When Markets Are Incomplete
Journal of Political Economy, 2010, 118, (5), 908 - 948 View citations (55)
See also Working Paper Capital Taxation and Ownership when Markets are Incomplete, NBER Working Papers (2007) View citations (5) (2007)
- Progressive Estate Taxation
The Quarterly Journal of Economics, 2010, 125, (2), 635-673 View citations (98)
See also Working Paper Progressive Estate Taxation, NBER Working Papers (2006) View citations (15) (2006)
2009
- A Theory of Liquidity and Regulation of Financial Intermediation
The Review of Economic Studies, 2009, 76, (3), 973-992 View citations (164)
See also Working Paper A Theory of Liquidity and Regulation of Financial Intermediation, Scholarly Articles (2009) View citations (164) (2009)
- Leverage and the Central Banker's Put
American Economic Review, 2009, 99, (2), 589-93 View citations (34)
2008
- An Equilibrium Model of "Global Imbalances" and Low Interest Rates
American Economic Review, 2008, 98, (1), 358-93 View citations (533)
See also Working Paper An Equilibrium Model of "Global Imbalances" and Low Interest Rates, Scholarly Articles (2008) View citations (692) (2008)
- Financial Crash, Commody Prices, and Global Inbalances
Brookings Papers on Economic Activity, 2008, 39, (2 (Fall)), 1-68 View citations (75)
- Optimal savings distortions with recursive preferences
Journal of Monetary Economics, 2008, 55, (1), 21-42 View citations (12)
See also Working Paper Optimal Savings Distortions with Recursive Preferences, NBER Working Papers (2008) View citations (12) (2008)
2007
- Inequality and Social Discounting
Journal of Political Economy, 2007, 115, (3), 365-402 View citations (105)
See also Working Paper Inequality and Social Discounting, Scholarly Articles (2007) View citations (102) (2007)
- Saving and investing for early retirement: A theoretical analysis
Journal of Financial Economics, 2007, 83, (1), 87-121 View citations (87)
2006
- Speculative Growth: Hints from the U.S. Economy
American Economic Review, 2006, 96, (4), 1159-1192 View citations (95)
See also Working Paper Speculative Growth: Hints from the US Economy, NBER Working Papers (2004) View citations (11) (2004)
2005
- Certifying New Technologies
Journal of the European Economic Association, 2005, 3, (2-3), 734-744 View citations (12)
Chapters
2018
- The Macroeconomics of Border Taxes
A chapter in NBER Macroeconomics Annual 2018, volume 33, 2018, pp 395-457 View citations (8)
See also Journal Article The Macroeconomics of Border Taxes, University of Chicago Press (2019) View citations (8) (2019) Working Paper The Macroeconomics of Border Taxes, National Bureau of Economic Research, Inc (2018) View citations (8) (2018)
2016
- 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
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