Iván Werning

Papers

Estate Taxation with Altruism Heterogeneity
(with Emmanuel Farhi)

Fiscal Unions (click for slides)
(with Emmanuel Farhi)

Fiscal Multipliers: Liquidity Traps and Currency Unions (click for slides)
(with Emmanuel Farhi)

Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates (click for slides)
(with Emmanuel Farhi)

Managing a Liquidity Trap: Monetary and Fiscal Policy (click for slides)

A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation (click for slides)
(with Arnaud Costinot and Guido Lorenzoni)

Nonlinear Capital Taxation

Insurance and Taxation over the Life Cycle (click for slides)
(joint with Emmanuel Farhi)

Non-linear Capital Taxation Without Commitment
(with Emmanuel Farhi, Christopher Sleet and Sevin Yeltekin)

Equilibrium Default
(with Hugo Hopenhayn)

The Political Economy of Nonlinear Capital Taxation
(click here for seminar slides)
(with Emmanuel Farhi)

Progressive Estate Taxation
(with Emmanuel Farhi)

Pareto Efficient Income Taxation
(click here for NBER PE meeting slides )
April 2007, MIT working paper

Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
(with Emmanuel Farhi)
presentation slides

On the Optimality of the Friedman Rule with Heterogeneous Agents and Non-Linear Income Taxation (updated)
(with Carlos E. da Costa)
August 2007

Optimal Fiscal Policy with Redistribution
(click here for screen version)
September 2006, forthcoming in Quarterly Journal of Economics
previously FRB Minneapolis Staff Report #365

Inequality and Social Discounting
(with Emmanuel Farhi)
presentation slides

On the Optimal Timing of Benefits with Heterogeneous Workers and Human Capital Depreciation
(click here for screen version)
(with Robert Shimer)
April 2006, MIT working paper 06-12

Liquidity and Insurance for the Unemployed
(click here for screen version)
(with Robert Shimer)
December 2006, FRB Minneapolis Staff Report #366

Reservation Wages and Unemployment Insurance (updated)
(click here for screen version)
(with Robert Shimer)
October 2006, forthcoming in Quarterly Journal of Economics

Inequality, Social Discounting and Progressive Estate Taxation
(click here for 5 slides from NBER EFG meeting in SF)
(with Emmanuel Farhi)
January 2006

Crises and Prices: Information Aggregation, Multiplicity and Volatility
(with George-Marios Angeletos)
October 2005, forthcoming AER
previous version: MIT Working Paper 04-14 at SSRN

Commitment vs. Flexibility
(with Manuel Amador and George-Marios Angeletos)
November 2005, Econometrica

The Equilibrium Distribution of Income and the Market for Status
(with Gary S. Becker and Kevin M. Murphy)
December 2003, Journal of Political Economy

Commitment vs. Flexibility
(with Manuel Amador and George-Marios Angeletos)
December 2003, NBER Working Paper No. w10151

Optimal Unemployment Insurance with Sequential Search
(with Robert Shimer)
July 2003

Optimal Unemployment Insurance with Unobservable Savings
September 2002

Comment on "Rotten Kids, Purity and Perfection"
(with Pierre-André Chiappori)
April 2002, Journal of Political Economy

Commodity Taxation and Social Insurance
(with Carlos da Costa)
September 2002

Repeated Moral-Hazard with Unmonitored Wealth: A Recursive First-Order Approach
September 2001

An Elementary Proof of Positive Optimal Marginal Taxes
Ivan Werning
June 2000