Details about Giovanni Favara

Access statistics for papers by Giovanni Favara.

Last updated 2024-04-06. Update your information in the RePEc Author Service.

Short-id: pfa322

Working Papers

2025

1. Monetary Policy and the Distribution of Income: Evidence from U.S. Metropolitan Areas
   Working Papers, Federal Reserve Bank of Boston

2024

2. Financial Conditions and Risks to the Economic Outlook
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.)
3. Zombie Lending to U.S. Firms
   FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2023

4. A New Index to Measure U.S. Financial Conditions
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

2022

5. Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges
   Staff Reports, Federal Reserve Bank of New York View citations (8)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2022) View citations (3)

2021

6. U.S. Zombie Firms: How Many and How Consequential?
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (10)

2020

7. Monetary Policy Uncertainty and Monetary Policy Surprises
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)

2019

8. Uncertainty, Access to Debt, and Firm Precautionary Behavior
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2018

9. Monetary Policy Surprises and Monetary Policy Uncertainty
   FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (9)

2016

10. Recession Risk and the Excess Bond Premium
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (27)
11. Updating the Recession Risk and the Excess Bond Premium
    FEDS Notes, Board of Governors of the Federal Reserve System (U.S.) View citations (43)

2015

12. Credit Supply and the Price of Housing
    Post-Print, HAL View citations (267)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (23)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2015) View citations (272)
    PSE-Ecole d'économie de Paris (Postprint), HAL (2015) View citations (268)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (17)
    See also Journal Article Credit Supply and the Price of Housing, American Economic Review, American Economic Association (2015) View citations (329) (2015)
13. Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market, Journal of Finance, American Finance Association (2017) View citations (28) (2017)

2013

14. Debt Enforcement, Investment, and Risk Taking Across Countries
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute
    See also Journal Article Debt enforcement, investment, and risk taking across countries, Journal of Financial Economics, Elsevier (2017) View citations (61) (2017)
15. Mortgage Market Concentration, Foreclosures and House Prices
    2013 Meeting Papers, Society for Economic Dynamics

2012

16. Externalities and Macroprudential Policy
    IMF Staff Discussion Notes, International Monetary Fund View citations (63)
17. Strategic Default and Equity Risk Across Countries
    Post-Print, HAL View citations (43)
    Also in Working Papers, HAL (2010) View citations (2)
    See also Journal Article Strategic Default and Equity Risk Across Countries, Journal of Finance, American Finance Association (2012) View citations (47) (2012)

2010

18. Is shareholder's Strategic Default Behavior Priced? Evidence from the International Cross-Section of Stocks
    Post-Print, HAL

2009

19. House Price Dynamics with Heterogeneous Expectations
    2009 Meeting Papers, Society for Economic Dynamics View citations (2)

2007

20. Agency Costs, Net Worth and Endogenous Business Fluctuations
    2007 Meeting Papers, Society for Economic Dynamics
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006)

2002

21. Reconsidering the Role of Money for Output, Prices and Interest Rates
    SSE/EFI Working Paper Series in Economics and Finance, Stockholm School of Economics View citations (16)
    See also Journal Article Reconsidering the role of money for output, prices and interest rates, Journal of Monetary Economics, Elsevier (2009) View citations (81) (2009)

Journal Articles

2017

1. Debt enforcement, investment, and risk taking across countries
   Journal of Financial Economics, 2017, 123, (1), 22-41 View citations (61)
   See also Working Paper Debt Enforcement, Investment, and Risk Taking Across Countries, Swiss Finance Institute Research Paper Series (2013) (2013)
2. Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market
   Journal of Finance, 2017, 72, (3), 1081-1118 View citations (28)
   See also Working Paper Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market, CEPR Discussion Papers (2015) View citations (3) (2015)

2015

3. Credit Supply and the Price of Housing
   American Economic Review, 2015, 105, (3), 958-92 View citations (329)
   See also Working Paper Credit Supply and the Price of Housing, Post-Print (2015) View citations (267) (2015)

2014

4. House price dynamics with dispersed information
   Journal of Economic Theory, 2014, 149, (C), 350-382 View citations (21)

2012

5. Agency Problems and Endogenous Investment Fluctuations
   The Review of Financial Studies, 2012, 25, (7), 2301-2342 View citations (24)
6. Strategic Default and Equity Risk Across Countries
   Journal of Finance, 2012, 67, (6), 2051-2095 View citations (47)
   See also Working Paper Strategic Default and Equity Risk Across Countries, Post-Print (2012) View citations (43) (2012)

2009

7. Reconsidering the role of money for output, prices and interest rates
   Journal of Monetary Economics, 2009, 56, (3), 419-430 View citations (81)
   See also Working Paper Reconsidering the Role of Money for Output, Prices and Interest Rates, SSE/EFI Working Paper Series in Economics and Finance (2002) View citations (16) (2002)