John Geanakoplos

Yale University

James Tobin Professor of Economics; Director Hellenic Studies, Yale University, External Professor Santa Fe Institute, Chair Yale Faculty of Arts and Sciences Senate

30 Hillhouse Avenue

New Haven, CT 06511

United States

http://https://economics.yale.edu/people/faculty/john-geanakoplos

Santa Fe Institute

External Professor

1399 Hyde Park Road

Santa Fe, NM 87501

United States

SCHOLARLY PAPERS

69

DOWNLOADS
Rank 1,085

SSRN RANKINGS

Top 1,085

in Total Papers Downloads

25,971

SSRN CITATIONS
Rank 657

SSRN RANKINGS

Top 657

in Total Papers Citations

476

CROSSREF CITATIONS

982

Scholarly Papers (69)

1.

Demography and the Long-Run Predictability of the Stock Market

Number of pages: 33 Posted: 24 Sep 2002
John Geanakoplos, Michael J. P. Magill and Martine Quinzii
Yale University, University of Southern California - Department of Economics and University of California, Davis - Department of Economics
Downloads 5,416 (1,473)
Citation 9

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Demography, Price Earnings Ratio, Returns, Efficient Markets, Baby-boom, Savings

2.

Credit Cards and Inflation

Cowles Foundation Discussion Paper No. 1709
Number of pages: 51 Posted: 18 Jun 2009
John Geanakoplos and Pradeep K. Dubey
Yale University and SUNY Stony Brook - Center for Game Theory in Economics
Downloads 2,381 (6,076)
Citation 3

Abstract:

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Credit cards, Outside money, Inside money, Central bank, Inflation, Stagflation

3.

Three Brief Proofs of Arrow's Impossibility Theorem

Number of pages: 6 Posted: 16 Jul 2001
John Geanakoplos
Yale University
Downloads 1,522 (12,677)
Citation 2

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Arrow Impossibility Theorem, Pivotal, Neutrality

4.
Downloads 1,286 ( 16,494)
Citation 55

The Leverage Cycle

Cowles Foundation Discussion Paper No. 1715
Number of pages: 55 Posted: 05 Aug 2009
John Geanakoplos
Yale University
Downloads 1,059 (21,666)
Citation 51

Abstract:

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Leverage, Collateral, Cycle, Crisis, Regulation

The Leverage Cycle

Cowles Foundation Discussion Paper No. 1715R
Number of pages: 58 Posted: 20 Jan 2010
John Geanakoplos
Yale University
Downloads 227 (146,958)
Citation 26

Abstract:

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Leverage, Collateral, Cycle, Crisis, Regulation

5.

Getting at Systemic Risk Via an Agent-Based Model of the Housing Market

Cowles Foundation Discussion Paper No. 1852
Number of pages: 14 Posted: 11 Mar 2012
Yale University, George Mason University - Department of Computational Social Science, University of Oxford - Institute for New Economic Thinking at the Oxford Martin School, Brown University - Department of Economics, affiliation not provided to SSRN, affiliation not provided to SSRN, George Mason University - Department of Computational Social Science, George Mason University - Department of Computational Social Science and affiliation not provided to SSRN
Downloads 930 (26,625)
Citation 14

Abstract:

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Agent based models, Housing prices, Boom and bust, Leverage, Interest rates, Foreclosures, Systemic risk

6.

International Finance in General Equilibrium

Number of pages: 51 Posted: 25 Aug 2001
John Geanakoplos and Dimitrios P. Tsomocos
Yale University and University of Oxford - Said Business School and St. Edmund Hall
Downloads 830 (31,368)
Citation 2

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Currency, Cash, Fiscal Policy, Monetary Policy, Money, Trade

7.

Liquidity, Default and Crashes: Endogenous Contracts in General Equilibrium

Number of pages: 36 Posted: 27 Sep 2001
John Geanakoplos
Yale University
Downloads 828 (31,471)
Citation 16

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Liquidity, Default, Collateral, Crashes, General Equilibrium, Contracts, Spillover, Liquidity Premium

8.

The Virtues and Vices of Equilibrium and the Future of Financial Economics

Cowles Foundation Discussion Paper No. 1647
Number of pages: 69 Posted: 24 Mar 2008
J. Doyne Farmer and John Geanakoplos
University of Oxford - Institute for New Economic Thinking at the Oxford Martin School and Yale University
Downloads 771 (34,651)
Citation 6

Abstract:

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Equilibrium, Rational expectations, Efficiency, Arbitrage, Bounded rationality, Power laws, Disequilibrium, Zero intelligence, Market ecology, Agent based modeling

Solving the Present Crisis and Managing the Leverage Cycle

Cowles Foundation Discussion Paper No. 1751
Number of pages: 49 Posted: 21 Jan 2010
John Geanakoplos
Yale University
Downloads 685 (40,118)
Citation 46

Abstract:

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Leverage, Collateral, Margins, Leverage cycle, Externality, Principal

Solving the Present Crisis and Managing the Leverage Cycle

Economic Policy Review, Vol. 16, No. 1, p. 101, August 2010
Number of pages: 31 Posted: 17 Sep 2010
John Geanakoplos
Yale University
Downloads 72 (356,583)
Citation 68

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Leverage, Collateral, Margins, Leverage Cycles, Externality, Principal

10.
Downloads 522 ( 57,944)
Citation 26

Leverage Causes Fat Tails and Clustered Volatility

Cowles Foundation Discussion Paper No. 1745R
Number of pages: 15 Posted: 23 Nov 2011
Stefan Thurner, J. Doyne Farmer and John Geanakoplos
Institute for Science of Complex Systems, Medical University of Vienna, University of Oxford - Institute for New Economic Thinking at the Oxford Martin School and Yale University
Downloads 313 (105,086)
Citation 1

Abstract:

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Systemic risk, Clustered volatility, Fat tails, Crash, Margin calls, Leverage

Leverage Causes Fat Tails and Clustered Volatility

Cowles Foundation Discussion Paper No. 1745
Number of pages: 20 Posted: 11 Jan 2010 Last Revised: 18 Mar 2010
Stefan Thurner, J. Doyne Farmer and John Geanakoplos
Institute for Science of Complex Systems, Medical University of Vienna, University of Oxford - Institute for New Economic Thinking at the Oxford Martin School and Yale University
Downloads 209 (159,056)
Citation 33

Abstract:

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Systemic risk, Clustered volatility, Fat tails, Crash, Margin calls, Leverage

11.
Downloads 501 ( 60,962)
Citation 98

Default and Punishment in General Equilibrium

Number of pages: 35 Posted: 15 Apr 2003
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 256 (130,293)
Citation 1

Abstract:

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Default, Incomplete Markets, Adverse Selection, Moral Hazard, Equilibrium Refinement, Endogenous Assets

Default and Punishment in General Equilibrium

Number of pages: 39 Posted: 16 Aug 2004
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 125 (247,316)
Citation 12

Abstract:

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Default, Incomplete markets, Adverse selection, Moral hazard, Equilibrium refinement, Endogenous assets

Default and Punishment in General Equilibrium

Number of pages: 36 Posted: 08 Dec 2003
Pradeep K. Dubey, John Geanakoplos and Martin Shubik
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Yale University - School of Management
Downloads 120 (255,196)
Citation 1

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Default, incomplete markets, adverse selection, moral hazard, equilibrium refinement, endogenous assets

12.
Downloads 472 ( 65,655)
Citation 8

Social Security Money's Worth

Columbia Business School, PaineWebber Working Paper No. PW-98-05
Number of pages: 72 Posted: 04 Feb 1999
John Geanakoplos, Olivia S. Mitchell and Stephen P. Zeldes
Yale University, University of Pennsylvania - The Wharton School and Columbia Business School - Finance and Economics
Downloads 413 (76,491)
Citation 9

Abstract:

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Social Security Money's Worth

NBER Working Paper No. w6722
Number of pages: 71 Posted: 11 Jul 2000 Last Revised: 10 May 2010
John Geanakoplos, Olivia S. Mitchell and Stephen P. Zeldes
Yale University, University of Pennsylvania - The Wharton School and Columbia Business School - Finance and Economics
Downloads 59 (396,588)

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13.

Would a Privatized Social Security System Really Pay a Higher Rate of Return?

Columbia Business School, PaineWebber Working Paper No. PW-98-03
Number of pages: 35 Posted: 16 Feb 1999
John Geanakoplos, Olivia S. Mitchell and Stephen P. Zeldes
Yale University, University of Pennsylvania - The Wharton School and Columbia Business School - Finance and Economics
Downloads 454 (68,838)
Citation 21

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14.

Hyperbolic Discounting is Rational: Valuing the Far Future with Uncertain Discount Rates

Cowles Foundation Discussion Paper No. 1719
Number of pages: 18 Posted: 15 Aug 2009
J. Doyne Farmer and John Geanakoplos
University of Oxford - Institute for New Economic Thinking at the Oxford Martin School and Yale University
Downloads 430 (73,508)
Citation 17

Abstract:

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Hyperbolic discounting, Environment, Time consistent, Exponential discounting, Geometric random walk, Term structure of interest rates

15.

Overlapping Generations Models of General Equilibrium

Cowles Foundation Discussion Paper No. 1663
Number of pages: 41 Posted: 28 May 2008
John Geanakoplos
Yale University
Downloads 387 (83,173)

Abstract:

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Demography, Inefficiency, Indeterminacy, Money, Bubbles, Cycles, Rate of interest, Impatience, Land, Infinity, Expectations, Social security, Golden rule

16.
Downloads 367 ( 88,496)
Citation 26

Social Security Investment in Equities I: Linear Case

Number of pages: 29 Posted: 25 Aug 2001
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University
Downloads 184 (179,023)

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Social Security, Privatization, Diversification

Social Security Investment in Equities I: Linear Case

Number of pages: 18 Posted: 12 Jul 1999
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University
Downloads 150 (213,857)
Citation 2

Abstract:

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Social Security Investment in Equities I: Linear Case

NBER Working Paper No. w7103
Number of pages: 20 Posted: 11 Jul 2000 Last Revised: 02 Aug 2008
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University
Downloads 33 (504,899)
Citation 4

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Social Security Investment in Equities I: Linear Case

Center for Retirement Research at Boston College, 1999
Posted: 10 Mar 2010
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University

Abstract:

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Why Does Bad News Increase Volatility and Decrease Leverage?

Cowles Foundation Discussion Paper No. 1762
Number of pages: 35 Posted: 15 Jul 2010
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 159 (203,494)
Citation 16

Abstract:

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Endogenous leverage, Post-bad news volatility, Post-good news volatility, Volatility smile

Why Does Bad News Increase Volatility and Decrease Leverage?

Cowles Foundation Discussion Paper No. 1762R
Number of pages: 43 Posted: 31 Jan 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 107 (277,243)

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Collateral, Endogenous leverage, VaR, Volatility, Volatility Smile

Why Does Bad News Increase Volatility and Decrease Leverage?

Cowles Foundation Discussion Paper No. 1762RR
Number of pages: 48 Posted: 19 Aug 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 98 (294,601)

Abstract:

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Collateral, Endogenous leverage, VaR, Volatility, Volatility smile

Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes

Cowles Foundation Discussion Paper No. 1809R
Number of pages: 49 Posted: 19 Aug 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 203 (163,510)
Citation 9

Abstract:

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Financial innovation, Endogenous leverage, Collateral equilibrium, CDS, Tranching and asset prices

Tranching, CDS and Asset Prices: How Financial Innovation Can Cause Bubbles and Crashes

Cowles Foundation Discussion Paper No. 1809
Number of pages: 48 Posted: 16 Jul 2011 Last Revised: 26 Jul 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 152 (211,440)
Citation 9

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Financial innovation, Endogenous leverage, Collateral equilibrium, CDS, Tranching and Asset prices

19.

Reviewing the Leverage Cycle

Cowles Foundation Discussion Paper No. 1918
Number of pages: 51 Posted: 27 Sep 2013
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 345 (94,937)
Citation 5

Abstract:

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Leverage, Leverage cycle, Volatility, Collateral equilibrium, Collateral value, Liquidity wedge, Flight to collateral, Contagion, Adverse selection, Agent based models

20.

Social Security Investment in Equities

Number of pages: 31 Posted: 06 Sep 2002
Peter A. Diamond and John Geanakoplos
Massachusetts Institute of Technology (MIT) - Department of Economics and Yale University
Downloads 343 (95,549)

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Social Security, Privatization, Diversification

21.

Greek Debt and American Debt: Graduation Speech at the University of Athens Economics and Business School

Cowles Foundation Discussion Paper No. 1837
Number of pages: 14 Posted: 01 Dec 2011
John Geanakoplos
Yale University
Downloads 338 (97,120)

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Greek, Parents, Mathematical economics, Yale, Mortgage, Collateral, Securitization, Leverage, Foreclosure, Forgive, Principal

22.

Grading Exams: 100, 99, ..., 1, or a, B, C?

Number of pages: 35 Posted: 30 Jul 2004
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 308 (107,604)

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Status, incentives, education, grading, wages

23.
Downloads 303 (109,568)

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Impatience, Theory of interest, Inflation indexed bond, Konus index, Capital asset pricing, Efficiency, Overlapping generations, Land

24.

Nash and Walras Equilibrium

Number of pages: 19 Posted: 16 Jul 2001
John Geanakoplos
Yale University
Downloads 297 (111,962)

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Equilibrium, Nash, Walras, Brouwer, Kakutani

25.

Monitoring Leverage

Cowles Foundation Discussion Paper No. 1838
Number of pages: 19 Posted: 02 Dec 2011
John Geanakoplos and Lasse Heje Pedersen
Yale University and AQR Capital Management, LLC
Downloads 296 (112,353)
Citation 2

Abstract:

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Leverage, Loan to value, Margins, Haircuts, Monitor, Regulate, Leverage on new loans, Asset leverage, Investor leverage

26.

From Nash to Walras Via Shapley-Shubik

Number of pages: 12 Posted: 10 May 2002
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 275 (121,442)
Citation 1

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Nash Equilibrium, Walras Equilibrium, Shapley-Shubik Trading-posts Game, Money

27.

Signalling and Default: Rothschild-Stiglitz Reconsidered

Number of pages: 29 Posted: 25 Jun 2001
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 272 (122,812)

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Default, Incomplete Markets, Adverse Selection, Moral Hazard, Equilibrium Refinement, Signalling, Endogenous Assets

28.

Competitive Pooling: Rothschild-Stiglitz Reconsidered

Number of pages: 34 Posted: 14 Jan 2002
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 256 (130,889)
Citation 5

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Competitive Pooling, Insurance, Adverse Selection, Signalling, Refined Equilibrium, Separating Equilibrium

29.

Discounting the Distant Future

Cowles Foundation Discussion Paper No. 1951
Number of pages: 32 Posted: 16 Jul 2014
University of Oxford - Institute for New Economic Thinking at the Oxford Martin School, Yale University, University of Barcelona - Department of Physics, University of Barcelona - Departament de Física de la Matèria Condensada and University of Barcelona - Department of Physics
Downloads 232 (144,353)
Citation 3

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Discounting, Environment, Interest rates, Inflation, Ornstein-Uhlenbeck process

30.

Inside and Outside Fiat Money, Gains to Trade, and Is-Lm

Number of pages: 55 Posted: 16 Jul 2001
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 215 (155,160)
Citation 8

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Central Bank, Gains To Trade, Inside Money, Is-Lm, Outside Money

31.
Downloads 197 (168,392)
Citation 10

Financial Innovation, Collateral and Investment

Cowles Foundation Discussion Paper No. 1903R
Number of pages: 52 Posted: 10 Mar 2015
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 120 (255,196)
Citation 4

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Financial innovation, Collateral, Investment, Repayment enforceability problems, Cash flow problems, Leverage, CDS, Non-existence, Marginal efficiency

Financial Innovation, Collateral and Investment

Cowles Foundation Discussion Paper No. 1903
Number of pages: 40 Posted: 01 Aug 2013
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 77 (342,988)
Citation 7

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Financial innovation, Collateral capacity, Investment, Leverage, Naked CDS, Collateral equilibrium, Non-existence

32.
Downloads 191 (173,120)
Citation 1

Money and Status: How Best to Incentivize Work

Cowles Foundation Discussion Paper No. 1954R2
Number of pages: 55 Posted: 22 Feb 2017
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 144 (221,103)
Citation 1

Abstract:

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Status, Incentives, Wages

Money and Status: How Best to Incentivize Work

Cowles Foundation Discussion Paper No. 1954R
Number of pages: 55 Posted: 25 Aug 2016
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 47 (440,971)

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Status, Incentives, Wages

33.

The Harmonic Fisher Equation and the Inflationary Bias of Real Uncertainty

Number of pages: 28 Posted: 10 Jun 2003
Columbia University - Department of Statistics, Yale University - School of Management, University of Minnesota and Yale University
Downloads 180 (182,640)
Citation 3

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Inflation, Equilibrium, Control, Interest Rate, Central Bank, Harmonic Fisher Equation

34.

Global Collateral: How Financial Innovation Drives Capital Flows and Increases Financial Instability

Cowles Foundation Discussion Paper No. 2076
Number of pages: 55 Posted: 22 Feb 2017
Ana Fostel, John Geanakoplos and Gregory Phelan
University of Virginia, Yale University and Williams College
Downloads 177 (185,369)

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Collateral, financial innovation, asset prices, capital flows, securitized markets, asset-backed securities, global imbalances

35.

Collateral Equilibrium: A Basic Framework

Cowles Foundation Discussion Paper No. 1906
Number of pages: 60 Posted: 21 Aug 2013
John Geanakoplos and William R. Zame
Yale University and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 176 (186,294)
Citation 25

Abstract:

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Collateral, Default, GEI

Leverage and Default in Binomial Economies: A Complete Characterization

Cowles Foundation Discussion Paper No. 1877R
Number of pages: 40 Posted: 01 Aug 2013
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 61 (389,894)
Citation 21

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Endogenous leverage, Default, Collateral equilibrium, Financial asset, Binomial economy, VaR, Diluted leverage, Volatility

Leverage and Default in Binomial Economies: A Complete Characterization

Cowles Foundation Discussion Paper No. 1877RRR
Number of pages: 47 Posted: 10 Mar 2015
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 61 (389,894)

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Endogenous leverage, Default, Collateral equilibrium, Financial asset, Binomial economy, LTV, Diluted leverage, Down risk

Leverage and Default in Binomial Economies: A Complete Characterization

Cowles Foundation Discussion Paper No. 1877RR
Number of pages: 46 Posted: 16 Aug 2014
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 53 (417,868)
Citation 10

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Endogenous leverage, Default, Collateral equilibrium, Financial asset, Binomial economy, VaR, Diluted leverage, Down risk

37.
Downloads 162 (200,036)
Citation 1

Prizes Versus Wages with Envy and Pride

Cowles Foundation Discussion Paper No. 1537
Number of pages: 26 Posted: 19 Oct 2005
Pradeep K. Dubey, John Geanakoplos and Ori Haimanko
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Ben-Gurion University of the Negev - Department of Economics
Downloads 114 (264,896)

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Envy, Pride, Wages, Prizes, Bonus

Prizes Versus Wages with Envy and Pride

Cowles Foundation Discussion Paper No. 1835
Number of pages: 27 Posted: 23 Nov 2011
Pradeep K. Dubey, John Geanakoplos and Ori Haimanko
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Ben-Gurion University of the Negev - Department of Economics
Downloads 47 (440,971)

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Envy, Pride, Wages, Prizes, Bonus

Prizes Versus Wages with Envy and Pride

Japanese Economic Review, Vol. 64, Issue 1, pp. 98-121, 2013
Number of pages: 24 Posted: 05 Feb 2013
Pradeep K. Dubey, John Geanakoplos and Ori Haimanko
SUNY Stony Brook - Center for Game Theory in Economics, Yale University and Ben-Gurion University of the Negev - Department of Economics
Downloads 1 (742,165)
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38.

Grading in Games of Status: Marking Exams and Setting Wages

Cowles Foundation Discussion Paper No. 1544R
Number of pages: 45 Posted: 04 Jan 2006
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 157 (205,415)

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Status, grading, incentives, education, exams, wages

39.

Insurance Contracts Designed by Competitive Pooling

Number of pages: 39 Posted: 27 Sep 2001
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 154 (208,823)

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Competitive Pooling, Insurance Contracts, Adverse Selection, Signalling, Seniority, Equilibrium Refinement

40.

Grading Exams: 100, 99, 98,...Or A, B, C?

Cowles Foundation Discussion Paper No. 1710
Number of pages: 38 Posted: 18 Jun 2009
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 152 (211,063)
Citation 7

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Status, Grading, Incentives, Education, Exams

41.
Downloads 149 (214,589)
Citation 11

Pareto Improving Taxes

Cowles Foundation Discussion Paper No. 1576
Number of pages: 28 Posted: 04 Sep 2006
John Geanakoplos and H. M. Polemarchakis
Yale University and Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)
Downloads 82 (330,238)
Citation 4

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Externalities, Commodity taxes, Constrained suboptimality

Pareto Improving Taxes

Cowles Foundation Discussion Paper No. 1662
Number of pages: 29 Posted: 28 May 2008
John Geanakoplos and H. M. Polemarchakis
Yale University and Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE)
Downloads 67 (371,155)
Citation 1

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Externalities, Commodity taxes, Constrained suboptimality

42.

Emerging Markets in an Anxious Global Economy

Cowles Foundation Discussion Paper No. 1646
Number of pages: 54 Posted: 12 Mar 2008
Ana Fostel and John Geanakoplos
Yale University - Department of Economics and Yale University
Downloads 146 (218,157)

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Margin, Leverage cycle, Liquidity preference, Collateral value, Informational volatility, Contagion, Portfolio effect, Flight to liquidity, Asymmetric information, Issuance rationing, Anxious economy, Emerging markets, High yield, Market closures

Quantitative Easing, Collateral Constraints, and Financial Spillovers

Cowles Foundation Discussion Paper No. 2154
Number of pages: 43 Posted: 14 Dec 2018
John Geanakoplos and Haobin Wang
Yale University and Yale University
Downloads 86 (320,558)

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Quantitative easing, Collateral, Leverage, Financial spillovers, Emerging markets, Capital flows

Quantitative Easing, Collateral Constraints, and Financial Spillovers

Cowles Foundation Discussion Paper No. 2154, 2018
Number of pages: 43 Posted: 08 Jan 2019
John Geanakoplos and Haobin Wang
Yale University and International Monetary Fund
Downloads 50 (429,138)
Citation 4

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Quantitative Easing, Collateral, Leverage, Financial Spillovers, Emerging Markets, Capital Flows

44.

Games with Money and Status: How Best to Incentivize Work

Cowles Foundation Discussion Paper No. 1954
Number of pages: 47 Posted: 16 Jul 2014
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 134 (233,699)

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Status, Incentives, Wages

45.

Inflationary Bias in a Simple Stochastic Economy

Number of pages: 26 Posted: 07 Nov 2001
Columbia University - Department of Statistics, Yale University - School of Management, University of Minnesota and Yale University
Downloads 134 (233,699)

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Inflation, Strategic Market Game, Control, Interest Rate, Central Bank, Equilibrium

46.

Endogenous Leverage: VaR and Beyond

Cowles Foundation Discussion Paper No. 1800
Number of pages: 31 Posted: 18 May 2011
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 131 (237,792)
Citation 12

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Endogenous leverage, Collateral equilibrium, VaR, Asset prices

47.

Monetary Equilibrium with Missing Markets

Number of pages: 38 Posted: 06 Jan 2003
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 113 (265,369)
Citation 3

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Bank, Money, Monetary equilibrium, Incomplete Markets, Inside Money, Outside Money, Liquidity Trap

48.

Dollar Denominated Debt and Optimal Security Design

Cowles Foundation Discussion Paper No. 1449
Number of pages: 31 Posted: 23 Apr 2004
John Geanakoplos and Felix Kubler
Yale University and University of Zurich
Downloads 112 (267,035)

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Dollar debt, Currency, Indexed bonds, Security design, Capital controls

49.

Money and Production, and Liquidity Trap

Cowles Foundation Discussion Paper No. 1574
Number of pages: 27 Posted: 26 Jul 2006
John Geanakoplos and Pradeep K. Dubey
Yale University and SUNY Stony Brook - Center for Game Theory in Economics
Downloads 101 (286,817)

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Central bank, Inside money, Outside money, Incomplete assets, Production, Monetary equilibrium, Liquidity, Liquidity trap

50.

Non-Monotone Liquidity Under-Supply

Number of pages: 29 Posted: 30 Jul 2004
Ana Fostel and John Geanakoplos
Yale University - Department of Economics and Yale University
Downloads 90 (308,849)

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Liquidity under-supply, Credit constraint, Non-monotonicity, Multiplier, Collateral equilibrium

51.
Downloads 86 (317,844)
Citation 11

Market Valuation of Accrued Social Security Benefits

Cowles Foundation Discussion Paper No. 1711
Number of pages: 32 Posted: 29 Jun 2009
John Geanakoplos and Stephen P. Zeldes
Yale University and Columbia Business School - Finance and Economics
Downloads 73 (353,751)

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social security, market value, risk adjustment, actuarial value, wage bonds, unfunded obligations

Market Valuation of Accrued Social Security Benefits

NBER Working Paper No. w15170
Number of pages: 31 Posted: 21 Jul 2009 Last Revised: 12 Aug 2009
John Geanakoplos and Stephen P. Zeldes
Yale University and Columbia Business School - Finance and Economics
Downloads 13 (636,980)

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Endogenous Leverage in a Binomial Economy: The Irrelevance of Actual Default

Cowles Foundation Discussion Paper No. 1877
Number of pages: 44 Posted: 20 Sep 2012
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 61 (389,894)
Citation 2

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Endogenous leverage, Collateral equilibrium, Default, Financial asset, Binomial economy, VaR

Endogenous Leverage in a Binomial Economy: The Irrelevance of Actual Default

Midwest Finance Association 2013 Annual Meeting Paper
Number of pages: 43 Posted: 22 Sep 2012
Ana Fostel and John Geanakoplos
University of Virginia and Yale University
Downloads 22 (572,294)
Citation 4

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Endogenous Leverage, Collateral Equilibrium, Default, Financial Asset, Binomial Economy, VaR

53.

Collateral Restrictions and Liquidity Under-Supply: A Simple Model

Cowles Foundation Discussion Paper No. 1468R
Number of pages: 32 Posted: 14 Aug 2006
Ana Fostel and John Geanakoplos
Yale University - Department of Economics and Yale University
Downloads 83 (324,817)

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Liquidity under-supply, Credit constraint, Non-monotonicity, Multiplier, Collateral equilibrium

54.

Real Determinacy with Nominal Assets

Number of pages: 32 Posted: 01 Jul 2003
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 83 (324,817)

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Central bank, Inside money, Outside money, Incomplete assets, Monetary equilibrium, Real determinacy

55.

Inefficient Liquidity Provision

Cowles Foundation Discussion Paper No. 2077, Darden Business School Working Paper No. 2922020
Number of pages: 27 Posted: 22 Feb 2017 Last Revised: 01 Mar 2017
John Geanakoplos and Kieran James Walsh
Yale University and University of California, Santa Barbara (UCSB) - Department of Economics
Downloads 78 (336,988)
Citation 3

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Liquidity, Constrained inefficiency, Diamond-Dybvig models, fire sales

56.

Why Does Bad News Increase Volatility and Decrease Leverage?

IMF Working Paper No. 10/206
Number of pages: 35 Posted: 01 Feb 2011
Ana Fostel and John Geanakoplos
International Monetary Fund (IMF) and Yale University
Downloads 76 (342,035)

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Asset prices, Business cycles, Debt, Economic models, External shocks, Financial crisis, Housing, Housing prices, Price elasticity

Reforming Social Security with Progressive Personal Accounts

Cowles Foundation Discussion Paper No. 1664
Number of pages: 56 Posted: 28 May 2008
John Geanakoplos and Stephen P. Zeldes
Yale University and Columbia Business School - Finance and Economics
Downloads 57 (403,515)

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Social Security, Personal accounts, Risk-sharing

Reforming Social Security with Progressive Personal Accounts

NBER Working Paper No. w13979
Number of pages: 55 Posted: 12 May 2008 Last Revised: 13 Sep 2010
John Geanakoplos and Stephen P. Zeldes
Yale University and Columbia Business School - Finance and Economics
Downloads 18 (600,411)

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58.

Uncertain Growth and the Value of the Future

Cowles Foundation Discussion Paper No. 1930
Number of pages: 9 Posted: 18 Nov 2013 Last Revised: 18 Dec 2013
University of Barcelona - Department of Physics, University of Barcelona - Departament de Física de la Matèria Condensada, University of Barcelona - Department of Physics, Yale University and University of Oxford - Institute for New Economic Thinking at the Oxford Martin School
Downloads 73 (349,924)

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stochastic processes, environmental economics, Ornstein-Uhlenbeck, discount

59.

Would a Privatized Social Security System Really Pay a Higher Rate of Return

NBER Working Paper No. w6713
Number of pages: 34 Posted: 10 Jun 2000 Last Revised: 20 Apr 2008
John Geanakoplos, Olivia S. Mitchell and Stephen P. Zeldes
Yale University, University of Pennsylvania - The Wharton School and Columbia Business School - Finance and Economics
Downloads 70 (358,135)

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60.

Credit Surfaces, Economic Activity, and Monetary Policy

Number of pages: 21 Posted: 02 Aug 2019
John Geanakoplos and David E Rappoport W
Yale University and Federal Reserve Board
Downloads 47 (433,089)
Citation 1

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credit surface, monetary policy, monetary policy shocks, interest rates, mortgages

61.

Uniqueness and Stability of Equilibrium in Economies with Two Goods

Cowles Foundation Discussion Paper No. 2050
Number of pages: 12 Posted: 25 Aug 2016
John Geanakoplos and Kieran James Walsh
Yale University and University of California, Santa Barbara (UCSB) - Department of Economics
Downloads 46 (436,856)
Citation 4

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Uniqueness of Equilibrium, Absolute Risk Aversion, Excess Demand Functions, Stability of Equilibrium, Diamond-Dybvig Models

62.

Afriat from MaxMin

Cowles Foundation Discussion Paper No. 1904
Number of pages: 7 Posted: 14 Aug 2013
John Geanakoplos
Yale University
Downloads 46 (436,856)

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Afriat's Theorem, Revealed preference, GARP

63.

Inflationary Equilibrium in a Stochastic Economy with Independent Agents

Cowles Foundation Discussion Paper No. 1708
Number of pages: 31 Posted: 18 Jun 2009 Last Revised: 15 Jul 2009
Yale University, Columbia University - Department of Statistics, Yale University - School of Management and University of Minnesota
Downloads 46 (436,856)
Citation 1

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Inflation, Economic equilibrium and dynamics, Dynamic programming, Consumption

64.
Downloads 41 (456,953)

Global Collateral and Capital Flows

Cowles Foundation Discussion Paper No. 2169 (2019)
Number of pages: 41 Posted: 27 Feb 2019
Ana Fostel, John Geanakoplos and Gregory Phelan
University of Virginia - Department of Economics, Yale University and Williams College
Downloads 33 (504,899)

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Collateral, Capital flows, Asset prices, Current account, Securitized markets, Asset-backed securities

Global Collateral and Capital Flows

NBER Working Paper No. w25583
Number of pages: 41 Posted: 26 Feb 2019
Ana Fostel, John Geanakoplos and Gregory Phelan
University of Virginia - Department of Economics, Yale University and Williams College
Downloads 8 (675,430)
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65.

Non-Exclusive Insurance with Free Entry: A Pedagogical Note

Cowles Foundation Discussion Paper No. 2167
Number of pages: 11 Posted: 22 Feb 2019
Pradeep K. Dubey and John Geanakoplos
SUNY Stony Brook - Center for Game Theory in Economics and Yale University
Downloads 18 (579,894)

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Non-exclusive insurance, Free entry, Adverse selection, Primary-secondary insurance

66.

Endogenous Collateral Constraints and the Leverage Cycle

Annual Review of Economics, Vol. 6, pp. 771-799, 2014
Posted: 08 Aug 2014
Ana Fostel and John Geanakoplos
University of Virginia and Yale University

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67.

Collateral Restrictions and Liquidity Under-Supply: A Simple Model

Economic Theory, Vol. 35, pp. 441-467, 2008
Posted: 16 Jan 2009
Ana Fostel and John Geanakoplos
University of Virginia and Yale University

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Liquidity under-supply, Credit constraint, Non-monotonicity, Multiplier, Collateral equilibrium

68.

Leverage Cycle and the Anxious Economy

American Economic Review, Vol. 98, No. 4, pp. 1211-1244, 2008
Posted: 16 Jan 2009
Ana Fostel and John Geanakoplos
University of Virginia and Yale University

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Anxious Economy, Leverage Cycle, Liquidity Wedge, Emerging Assets, Market Closures, Emerging Markets, US High Yield, Collateral Value, Contagion, Flight to Collateral, Issuance Rationing

69.

The Hierarchical Approach to Modeling Knowledge and Common Knowledge

Posted: 26 Oct 1999
IBM Research - Almaden Research Center, Yale University, Cornell University - Department of Computer Science and Rice University - Department of Computer Science

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Other Papers (2)

Total Downloads: 38
1.

Mortgage Justice Is Blind

New York Times, Op-Ed, October 30, 2008
Number of pages: 3 Posted: 25 Jan 2015
John Geanakoplos and Susan P. Koniak
Yale University and Boston University School of Law
Downloads 26

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financial crisis, debt, mortgages, mortgage derivatives, banks

2.

Matters of Principal

New York Times, op-ed, March 5, 2009
Number of pages: 3 Posted: 24 Jan 2015
John Geanakoplos and Susan P. Koniak
Yale University and Boston University School of Law
Downloads 12

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financial crisis mortgage crisis, foreclosures, debt, reducing principal, housing