Highlights 1 forthcoming events 2 latest working papers 4 latest occasional papers 8 notes on financial stability and supervision 12 economic history working papers 12 selection of journal articles and books useful links 16 contents. Miguel casares would like to acknowledge the ministry of science and innovation of spain research project eco201124304 for its financial support. Particularly, we are interested in how confidence affects the outcomes in an experimental asset market where the fundamental value is known by all the participants. Inspire a love of reading with prime book box for kids discover delightful childrens books with prime book box, a subscription that delivers new books every 1, 2, or 3 months new customers receive 15% off your first box. Guillermo ordonez university of pennsylvania department of economics 428 mcneil building 3718 locust walk philadelphia, pa 19104 tel. Recent books earlier books by decade browse books by series chapters from books in process. His research focuses on macroeconomics, political economy, economic growth and diversity. Journal of international economics 121 2019, 103251.
Marina azzimonti, economics department, stony brook university, 100 nicolls rd stony brook, ny 117944384. Facundo ha indicato 5 esperienze lavorative sul suo profilo. These include our series of joint publications with the world bank. Macro prudential taxation of good news, eief working papers series 1909, einaudi institute for economics. National bureau of economic research nber facundo piguillem einaudi institute for economics. The ebooks, written by worldleading economists, practitioners and specialists, are produced rapidly and designed to shed light on the problems that have emerged as a result of the crisis. Optimal progressivity with agedependent taxation sciencedirect. The two faces of information with gaetano gaballo interbank networks in the shadows of the federal reserve act with selman erol and haelim park anderson work in progress drafts coming soon aggregate information dynamics with kyriakos chousakos and gary gorton limits to stability. Journal of international economics vol 121, november. In the second essay, i construct a model of an endowment economy in. Einaudi institute for economics and finance eief edward c.
Bergoeing and facundo piguillem more than you can handle. Evidence from the american time use survey lena hensvik, thomas le barbanchon, roland rathelot. Unemployment insurance in a life cycle general equilibrium model with human capital, 2012 meeting papers 1046, society for economic. I conducted most of my research in applied macroeconomics and computational economics, particularly about longrun trends in the macroeconomy. Nber papers on working group on risks of financial institutions. Why are developing countries so slow in adopting new. Nber papers on working group on risks of financial. Facundo piguillem eief and alessandro riboni ecole polytechnique. Evidence from a largescale natural field experiment basil halperin, benjamin ho, john a. It is directed to an international readership among economists and social scientists in government, business, international agencies, universities, and. Associate professor, einaudi institute for economics and finance. The first chapter, coauthored with rasmus pank, deals with how crises emerge. Retirement savings and shadow banking vox, cepr policy.
Decentralization and spending ability of peruvian municipalities. The ones marked may be different from the article in the profile. Written with raphael bergoeing and facundo piguillem. Dynamic bargaining over redistribution in legislatures by. Intermediated quantities and returns by rajnish mehra. Articles archive page 8 of 229 retirement income journal. Everyday low prices and free delivery on eligible orders. International trade and the firm size distribution, 2012 meeting papers 857, society for economic dynamics. This column shows that shadow banking has played a crucial role in meeting the higher demand for insurance by lowering the financial sectors liquidity costs. Written with jamele rigolini and oscar calvogonzalez. Research seminar in economics our research seminar serves as a forum for the presentation and discussion of current research in economics. Working papers articles chapters books working papers. New financial instruments have been important in meeting the increasing demand for safe assets.
Costly financial intermediation in neoclassical growth theory, quantitative economics, econometric society, vol. This cited by count includes citations to the following articles in scholar. Prices in represent the retail prices valid in germany unless otherwise indicated. Researchgate is a network dedicated to science and research. In 2008, in response to the onset of the global financial crisis, cepr launched a series of ebooks through its policy portal. During recent years, however, per capita growth dropped significantly. Facundos celebrated and frequently anthologized portraits of quiroga and other colorful characters give readers an exhilarating sense of argentine culture in the making. A new page to collect analyses by eief faculty and other researchers on the pandemic crisis activity update 20200409. Candidates are evaluated based on their research records and their capacity to contribute to the nbers activities by program directors and steering committees. This paper studies optimal taxation of earnings when the degree of tax progressivity is allowed to vary with age.
Facundo piguillem national bureau of economic research. Costly financial intermediation in neoclassical growth. University of pennsylvania department of economics of. Eief will keep you updated on changes to this directive. Macroprudential taxation in good times, journal of international economics, vol. On the optimal lockdown during an epidemic martin gonzalezeiras, dirk niepelt. Flemming, jean, jeanpaul lhuillier, and facundo piguillem 2019. Why are developing countries so slow in adopting new technologies. Since fiscal rules determine the outside option in case of.
Macroeconomics seminar presented by facundo piguillem. Prices in gbp apply to orders placed in great britain only. Do middle classes bring about institutional reforms. The setting is an overlappinggenerations model that incorporates irreversible skill investment, flexible labor supply, ex ante heterogeneity in the disutility of work and the cost of skill acquisition, partially insurable wage risk, and a life cycle productivity profile. Working papers articles software chapters books working papers. Costly financial intermediation in neoclassical growth theory nber. In 2009 he received a phd in economics from the university of minnesota, and since then he has been at eief. Archive of new national bureau of economic research working. Oxford federal reserve bank of new york monetary economics conference. Buy this is not available 040880 by juan facundo piguillem isbn. Einaudi institute for economics and finance contact information. Macro prudential taxation of good news, eief working papers series 1909, einaudi institute for economics and. The papers and books are rigorous analytical pieces designed to tackle specific research questions relevant for social and economic development.
Guarda il profilo completo su linkedin e scopri i collegamenti di facundo e le offerte di lavoro presso aziende simili. Connect, collaborate and discover scientific publications, jobs and conferences. Facundo piguillem associate professor eief einaudi. This is an important extension as substantial resources are used in intermediating the large amount of borrowing and lending between households. I am particularly grateful to facundo piguillem for all the insightful comments and for his enthusiasm, and to juan passadore for the time he took to discuss this thesis with me and for encouraging me at various stages of this long journey. All members of the seps are invited and encouraged to attend. Ecole polytechnique, paris laboratoire deconometrie. The ebooks, written by worldleading economists, practitioners and specialists, are produced rapidly and designed to shed light on the problems that have emerged as a result of the crisis and to provide expert advice and guidance for. Using data from developing and industrialised countries covering 19722016, this column shows that fiscal factors, rather than savings glut variables, have accounted for a noticeable share of the recent variation in imbalances, including in the us and germany. The aggregate and complementary impact of micro distortions. July 1011, 2017 201 wang center stony brook university. Einaudi institute for economics and finance eief alessandro riboni.
R b i n nnop 55, jn 2019 2 cebra workshop for commodities and macroeconomics. Journal of international economics vol 121, november 2019. Complementary reforms to address microeconomic distortions. Nber researchers new nber affiliates are appointed through a highly competitive process that begins with a call for nominations in january. Macroeconomics seminar presented by facundo piguillem eief 23 october 2019, 12.
Facundo piguillem is a faculty member at the einaudi institute for economic and finance eief and research fellow at the center for economic policy research cepr. Selection of journal articles and books useful links 16 contents research at the bank of italy directorate general for economics, statistics and research highlights number 55 july 2019. Jump to journal articles books chapters software items working papers 2019 macro prudential taxation of good news eief working papers series, einaudi institute for economics and finance eief view citations 1 also in cepr discussion papers, c. Guillermo ordonez of penn and facundo piguillem of italys eief einaudi institute for economics and finance explain that the need for higher returns among 65 savers in the u. Besharov, tim besley, karel mertens, torsten persson, facundo piguillem, thomas sargent, fabrizio zilibotti and seminar participants at binghamton, cornell, east anglia, the einaudi institute for economics and finance. I am grateful to francesco lippi, for all the instructive conversations we had. Retirement savings and shadow banking vox, cepr policy portal. Macroprudential taxation in good times with jeanpaul lhuillier and facundo piguillem. Discussion papers 2019 view citations 1 retirement in the shadow banking. Searching for economic essentials ohlin lectures calvo, guillermo a. Retirement in the shadow banking guillermo ordonez, facundo piguillem. We show that the possibility of overridding does not make fiscal rules ineffectual. For more than seventy years, penguin has been the leading publisher of classic literature in the englishspeaking world.
A political economy theory of fiscal policy and unemployment. Einaudi institute for economics and finance contributions. Facundo piguillem einaudi institute for economics and finance rising capital shares and risk sharing joint with adriana grasso and juan passadore tuesday 8th may 2018 4. Facundo piguillem and nicolas trachter itampier conference in macroeconomics, mexico 2014. Facundo piguillem and alessandro riboni no 1804, eief working papers series from einaudi institute for economics and finance eief abstract. This paper presents a political economy theory of the. Prescott economics department asu main campus po box 873806 tempe, az 852873806 and nber edward. Introduction to industrial organization 1st edition introduction to industrial organization 2nd edition the economics of reputation. Oct 19, 2018 guillermo ordonez, facundo piguillem 19 october 2018 new financial instruments have been important in meeting the increasing demand for safe assets. P carey school of business, department of economics.
Facundo piguillem is assistant professor of economics at the einaudi institute for economics and finance rome. Via sallustiana, 62 einaudi institute for economics and finance eief 00187 italy. No 1804, eief working papers series from einaudi institute for economics and finance eief abstract. Economics of aging, corporate finance, economic fluctuations and growth, monetary economics. Update your information in the repec author service.
Raphael bergoeing, norman loayza, facundo piguillem. Consumerist patients and quality of care hai fang, nolan h. National bureau of economic research nber there are 2 versions of this paper costly financial intermediation in neoclassical growth theory. Prescott has been affiliated with the bank since 1981 and currently serves as a senior monetary advisor. Toward an understanding of the economics of apologies. Facundo piguillem the per capita growth rate of chile from 1984 to 1997 was among the highest in the world.
Global imbalances have reappeared, somewhat transformed, and relocated. This thesis deals with the economics of crises, within the macrofinance literature. We analyze the optimal macroprudential policy under the presence of persistent permanent shocks, which convey information about future growth. Carey school of business arizona state university po box 879801 tempe, az 852879801 and nber rajnish. This is an important extension as substantial resources are. Costly financial intermediation in neoclassical growth theory. Avenida figueroa alcorta 7350, buenos aires, piso 3, sala principal facundo piguillem einaudi institute for economics and finance rising capital shares and risk sharing con adriana grasso y juan passadore.
As life expectancy has increased, so has the need for retirement savings. He has held visiting positions at the world bank, the federal reserve bank ofminneapolis and the university of montreal. See all articles by facundo piguillem facundo piguillem. Since fiscal rules determine the outside option in case of disagreement, the. The neoclassical growth model is extended to include costly intermediated borrowing and lending between households. Fiscal rules as bargaining chips facundo piguillemy alessandro riboniz march 8, 2018 abstract most scal rules can be overridden by consensus. Associate professor of economics, einaudi institute for economic and finance. Sticky spending, sequestration and debt, 2019 meeting papers 1032, society for economic dynamics. With 189 member countries, staff from more than 170 countries, and offices in over locations, the world bank group is a unique global partnership. Previously, i completed a phd in economics and finance which included research visits at the einaudi institute for economics and finance in rome and the federal reserve bank of minneapolis.
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