Showing results 1 - 8 of 8
Trump’s Tax Plan and the Dollar. Emmanuel Farhi, Gita Gopinath, January 3, 2017, Opinion, "Now that Donald Trump has been elected President of the United States and…
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…
Cyclical Macroeconomic Policy, Financial Regulation, and Economic Growth. Phillippe Aghion, Emmanuel Farhi, December 2013, Paper. "This paper investigates the effect of cyclical…
Dilemma not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows. Emmanuel Farhi, October 2013, Paper. "We consider a standard New Keynesian model of a small…
Fiscal Devaluations. Emmanuel Farhi, Gita Gopinath, August 29, 2013, Paper. "We show that even when the exchange rate cannot be devalued, a small set of conventional fiscal…
A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy. Emmanuel Farhi, August 22, 2013, Paper. "The global economy has a chronic shortage of safe assets…
Fiscal Unions. Emmanuel Farhi, June 2013, Paper. "We study cross-country insurance for members of a currency union using an open economy model with nominal rigidities and provide…
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…