Invited talk for "Argentina in Transition" video
AEA AFA Joint Luncheon Talk: video slides
Chronicle of a Dollarization Foretold (with Tomás E. Caravello and Pedro Martinez-Bruera) (video presentatation Markus Academy English) (video presentation Spanish) (video presentation 2 Spanish)
Dollarization Dynamics (with Tomás E. Caravello and Pedro Martinez-Bruera) (video presentatation Markus Academy English) (video presentation Spanish) (video presentation 2 Spanish)
Lucas Miracles (a tribute to Robert E. Lucas, Jr.)
Conflict is Inflation (with Guido Lorenzoni) (video presentation) (3 paper presentation) (NBER SI Presentation)
Wage Price Spirals (with Guido Lorenzoni)
Expectations and the Rate of Inflation (video presentation)
Price Theory for Incomplete Markets
(with Emmanuel Farhi and Alan Olivi)
A Minimalist Model for the Ruble During the Russian Invasion of Ukraine
(with Guido Lorenzoni)
Monetary Policy in Times of Structural Reallocation
(with Veronica Guerrieri, Guido Lorenzoni and Ludwig Straub)
Expectations and the Rate of Inflation
Price Theory for Incomplete Markets
(with Emmanuel Farhi and Alan Olivi)
A Minimalist Model for the Ruble During the Russian Invasion of Ukraine
(with Guido Lorenzoni)
Monetary Policy in Times of Structural Reallocation
(with Veronica Guerrieri, Guido Lorenzoni and Ludwig Straub)
Recalculating Sargent and Wallace’s Unpleasant Arithmetic using Interest Rates
Slides for AEA Tribute to Emmanuel Farhi
NTA plenary talk slides
Dynamic Oligopoly and Price Stickiness (slides)
(with Olivier Wang)
Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?
(slides, Vmacs video)
(with Veronica Guerrieri, Guido Lorenzoni and Ludwig Straub)
A Multi-Risk SIR Model with Optimally Targeted Lockdown (updated!)
(online GUI, slides)
(with Daron Acemoglu, Victor Chernozhukov and Michael Whinston)
Robots, Trade and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation (slides, video)
(with Arnaud Costinot)
Monetary Policy, Bounded Rationality, and Incomplete Markets (slides)
(with Emmanuel Farhi)
Lerner Symmetry: A Modern Treatment
(with Arnaud Costinot)
Saving and Dissaving with Hyperbolic Discounting (slides)
(with Dan Cao)
Take the Short Route: Equilibrium Default and Debt Maturity (slides)
(with Mark Aguiar, Manuel Amador and Hugo Hopenhayn)
Dynamic Savings Choices with Disagreements (slides)
(with Dan Cao)
Mirrlees meets Diamond-Mirrlees (slides)
(with Florian Scheuer)
Micro to Macro: Optimal Trade Policy with Firm Heterogeneity (slides)
(with Arnaud Costinot and Andrés Rodriguez-Clare)
Incomplete Markets and Aggregate Demand (slides)
Efficiency and Information Transmission in Bilateral Trading (slides)
(with Robert Shimer)
The Taxation of Superstars
(with Florian Scheuer)
Positive Long Run Capital Taxation: Chamley-Judd Revisited
with Ludwig Straub
(slides: PDF; lecture slides: PDF or LYX or TEX)
Bequest Taxation and r − g
(with Emmanuel Farhi)
Society of Economic Dynamics Plenary Slides
Labor Mobility within Currency Unions (slides)
(with Emmanuel Farhi)
Comparative Advantage and Optimal Trade Policy
(with Arnaud Costinot, Dave Donaldson and Jonathan Vogel)
A Theory of Macroprudential Policies in the Presence of Nominal Rigidities (slides)
(with Emmanuel Farhi)
Slow Moving Debt Crises (slides)
(with Guido Lorenzoni)
Dilemma Not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows
(with Emmanuel Farhi)
Estate Taxation with Altruism Heterogeneity (slides)
(with Emmanuel Farhi)
Fiscal Unions (click for slides)
(with Emmanuel Farhi)
Fiscal Multipliers: Liquidity Traps and Currency Unions
(with Emmanuel Farhi)
Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates (slides)
(with Emmanuel Farhi)
Managing a Liquidity Trap: Monetary and Fiscal Policy (slides)
A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation (slides, online appendix)
(with Arnaud Costinot and Guido Lorenzoni)
Insurance and Taxation over the Life Cycle (slides, codes)
(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)
Optimal Savings Distortions with Recursive Preferences
(with Emmanuel Farhi)
Progressive Estate Taxation
(with Emmanuel Farhi)
Pareto Efficient Income Taxation
NBER PE meeting slides )
April 2007, MIT working paper
Capital Taxation: Quantitative Explorations of the Inverse Euler Equation (slides)
(with Emmanuel Farhi)
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
Quarterly Journal of Economics
Inequality and Social Discounting (slides)
(with Emmanuel Farhi)
On the Optimal Timing of Benefits with Heterogeneous Workers and Human Capital Depreciation (screen version)
(with Robert Shimer)
April 2006, MIT working paper 06-12
Liquidity and Insurance for the Unemployed (screen version)
(with Robert Shimer)
December 2006, FRB Minneapolis Staff Report #366
Reservation Wages and Unemployment Insurance (updated) (screen version)
(with Robert Shimer)
October 2006, forthcoming in Quarterly Journal of Economics
Inequality, Social Discounting and Progressive Estate Taxation (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
(previous version with dynamic model)
(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
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
June 2000