Showing results 1 - 7 of 7
March 2020, Paper: "Traditional banking is built on four pillars: SME lending, insured deposit taking, access to lender of last resort, and prudential supervision. This paper…
A Theory of Macroprudential Policies in the Presence of Nominal Rigidities. Emmanuel Farhi, May 2015, Paper. "We propose a theory of monetary policy and macroprudential…
The Safety Trap. Emmanuel Farhi, May 31, 2014, Paper. "Recently, the global economy has experienced recurrent episodes of safe asset shortages. In this paper we present a model…
Cyclical Macroeconomic Policy, Financial Regulation, and Economic Growth. Phillippe Aghion, Emmanuel Farhi, December 2013, Paper. "This paper investigates the effect of cyclical…
Crash Risk in Currency Markets. Emmanuel Farhi, April 29, 2013, Paper. "Since the fall of 2008, option smiles have been clearly asymmetric: out-of-the-money currency options point…
Estate Taxation with Altruism Heterogeneity. Emmanuel Farhi, February 2013, Paper. "We develop a theory of optimal estate taxation in a model where bequest inequality is driven by…
Insurance and Taxation over the Life Cycle. Emmanuel Farhi, August 2012, Paper. "We consider a dynamic Mirrlees economy in a life-cycle context and study the optimal insurance…