Eduardo Davila

Yale University - Department of Economics

28 Hillhouse Ave

New Haven, CT 06520-8268

United States

National Bureau of Economic Research (NBER)

Faculty Research Fellow

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

19

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1,846

SSRN CITATIONS
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SSRN RANKINGS

Top 3,233

in Total Papers Citations

467

CROSSREF CITATIONS

45

Scholarly Papers (19)

1.
Downloads 300 (174,264)
Citation 2

Prudential Policy with Distorted Beliefs

Number of pages: 72 Posted: 06 Nov 2020 Last Revised: 21 Feb 2023
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 267 (195,553)

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prudential policy, distorted beliefs, financial regulation, bailouts, monetary policy, bank regulation

Prudential Policy with Distorted Beliefs

ESRB: Working Paper Series 2021/130
Number of pages: 62 Posted: 16 Dec 2021
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 27 (841,158)

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bailouts, distorted beliefs, leverage regulation, monetary policy, prudential policy

Prudential Policy with Distorted Beliefs

NBER Working Paper No. w28879
Number of pages: 61 Posted: 07 Jun 2021 Last Revised: 03 Jul 2023
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 6 (1,050,553)

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Prudential Policy with Distorted Beliefs

CEPR Discussion Paper No. DP16197
Number of pages: 63 Posted: 14 Jul 2021
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
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Citation 2
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Corrective Regulation with Imperfect Instruments

Number of pages: 87 Posted: 02 Sep 2021 Last Revised: 12 May 2022
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 192 (268,398)

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corrective regulation, second-best policy, Pigouvian taxation, policy elasticities, leakage elasticities, regulatory arbitrage, financial regulation, environmental externalities

Corrective Regulation with Imperfect Instruments

ECB Working Paper No. 2022/2723
Number of pages: 92 Posted: 21 Sep 2022
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 19 (918,087)

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corrective regulation, Pigouvian taxation, second-best policy

Corrective Regulation with Imperfect Instruments

ESRB: Working Paper Series 2022/139
Number of pages: 89 Posted: 02 Oct 2022
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 14 (970,870)

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corrective regulation, environmental externalities, financial regulation, leakage elasticities, Pigouvian taxation, policy elasticities, regulatory arbitrage, second-best policy

Corrective Regulation with Imperfect Instruments

NBER Working Paper No. w29160
Number of pages: 68 Posted: 16 Aug 2021 Last Revised: 06 Mar 2022
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 10 (1,013,127)

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Corrective Regulation with Imperfect Instruments

CEPR Discussion Paper No. DP16448
Number of pages: 70 Posted: 22 Sep 2021
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
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corrective regulation, financial regulation, leakage elasticities, Pigouvian taxation, policy elasticities, regulatory arbitrage, second-best policy

3.
Downloads 215 (243,410)
Citation 22

Trading Costs and Informational Efficiency

Journal of Finance, Forthcoming
Number of pages: 79 Posted: 15 May 2017 Last Revised: 09 Sep 2020
Eduardo Davila and Cecilia Parlatore
Yale University - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 187 (274,819)
Citation 2

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learning, trading costs, information aggregation, information acquisition, financial transaction taxes

Trading Costs and Informational Efficiency

NBER Working Paper No. w25662
Number of pages: 69 Posted: 19 Mar 2019 Last Revised: 13 Feb 2022
Eduardo Davila and Cecilia Parlatore
Yale University - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 28 (833,042)
Citation 2

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4.
Downloads 175 (291,364)
Citation 18

Optimal Deposit Insurance

Number of pages: 66 Posted: 01 Apr 2020
Eduardo Davila and Itay Goldstein
Yale University - Department of Economics and University of Pennsylvania - The Wharton School - Finance Department
Downloads 149 (334,511)
Citation 5

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Deposit Insurance, Bank Runs, Bank Regulation, Sufficient Statistics

Optimal Deposit Insurance

NBER Working Paper No. w28676
Number of pages: 52 Posted: 12 Apr 2021 Last Revised: 17 Jul 2023
Eduardo Davila and Itay Goldstein
Yale University - Department of Economics and University of Pennsylvania - The Wharton School - Finance Department
Downloads 26 (850,912)
Citation 13

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5.
Downloads 165 (308,013)
Citation 77

House Price Beliefs and Mortgage Leverage Choice

Number of pages: 55 Posted: 19 Jul 2017 Last Revised: 29 Nov 2017
Facebook, Yale University - Department of Economics, New York University (NYU) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 128 (377,157)

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Leverage, Mortgage Choice, Disagreement, Heterogeneous Beliefs

House Price Beliefs and Mortgage Leverage Choice

NBER Working Paper No. w24091
Number of pages: 56 Posted: 16 Dec 2017 Last Revised: 12 May 2023
Facebook, Yale University - Department of Economics, New York University (NYU) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 37 (759,408)
Citation 73

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House Price Beliefs and Mortgage Leverage Choice

CEPR Discussion Paper No. DP12476
Number of pages: 58 Posted: 12 Dec 2017
Facebook, Yale University - Department of Economics, New York University (NYU) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 0
Citation 12
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disagreement, heterogeneous beliefs, leverage, Mortgage Choice

6.

Identifying Price Informativeness

NBER Working Paper No. w25210
Number of pages: 44 Posted: 05 Nov 2018 Last Revised: 21 May 2023
Eduardo Davila and Cecilia Parlatore
Yale University - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 125 (382,417)
Citation 4

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7.

Trading Costs and Informational Efficiency

Number of pages: 66 Posted: 22 Oct 2016 Last Revised: 23 Jan 2017
Eduardo Davila and Cecilia Parlatore
Yale University - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 118 (401,532)

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learning, trading costs, information aggregation, information acquisition, financial transaction taxes

Does Size Matter? Bailouts with Large and Small Banks

Number of pages: 54 Posted: 26 Dec 2017
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 48 (682,682)

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bailouts, bank regulation, too-big-to-fail, too-many-to-fail, size tax

Does Size Matter? Bailouts with Large and Small Banks

NBER Working Paper No. w24132
Number of pages: 55 Posted: 19 Dec 2017 Last Revised: 10 Jun 2023
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 47 (689,073)
Citation 11

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9.

Optimal Monetary Policy with Heterogeneous Agents: A Timeless Ramsey Approach

Number of pages: 119 Posted: 11 May 2022 Last Revised: 06 Sep 2022
Eduardo Davila and Andreas Schaab
Yale University - Department of Economics and Columbia Business School
Downloads 80 (516,533)

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optimal monetary policy, heterogeneous-agent New Keynesian model, timeless Ramsey approach, primal-dual, timeless penalties, sequence-space methods, dynamic-stochastic generalized welfare weights

10.

Volatility and Informativeness

NBER Working Paper No. w25433
Number of pages: 52 Posted: 15 Jan 2019 Last Revised: 30 Jun 2023
Eduardo Davila and Cecilia Parlatore
Yale University - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 77 (528,188)
Citation 2

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11.

Pecuniary Externalities in Economies with Financial Frictions

NBER Working Paper No. w22444
Number of pages: 62 Posted: 25 Jul 2016 Last Revised: 30 Apr 2023
Eduardo Davila and Anton Korinek
Yale University - Department of Economics and University of Virginia
Downloads 71 (557,138)
Citation 105

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12.
Downloads 48 (667,613)
Citation 1

Welfare Assessments with Heterogeneous Individuals

Number of pages: 77 Posted: 11 May 2022
Eduardo Davila and Andreas Schaab
Yale University - Department of Economics and Columbia Business School
Downloads 44 (708,971)

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welfare assessments, heterogeneous agents, incomplete markets, generalized social marginal welfare weights

Welfare Assessments with Heterogeneous Individuals

NBER Working Paper No. w30571
Number of pages: 56 Posted: 26 Oct 2022 Last Revised: 14 Jul 2023
Eduardo Davila and Andreas Schaab
Yale University - Department of Economics and Columbia Business School
Downloads 4 (1,067,149)
Citation 1
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13.

Corrective Regulation with Imperfect Instruments

ESRB: Working Paper Series 2022/139
Number of pages: 89 Posted: 16 Oct 2022
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 39 (739,313)

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corrective regulation, environmental externalities, financial regulation, leakage elasticities, Pigouvian taxation, policy elasticities, regulatory arbitrage, second-best policy

14.

Optimal Corporate Taxation Under Financial Frictions

NBER Working Paper No. w25520
Number of pages: 65 Posted: 04 Feb 2019 Last Revised: 10 Jul 2023
Eduardo Davila and Benjamin Hebert
Yale University - Department of Economics and Stanford University
Downloads 33 (776,450)
Citation 3

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15.

Using Elasticities to Derive Optimal Bankruptcy Exemptions

ESRB: Working Paper Series No. 2016/26
Number of pages: 52 Posted: 05 Nov 2020
Eduardo Davila
Yale University - Department of Economics
Downloads 24 (842,475)
Citation 15

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bankruptcy, default, sufficient statistics, unsecured credit, general equilibrium with incomplete markets

16.

Optimal Financial Transaction Taxes

NBER Working Paper No. w27826
Number of pages: 47 Posted: 21 Sep 2020 Last Revised: 14 Jul 2023
Eduardo Davila
Yale University - Department of Economics
Downloads 24 (842,475)

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17.

Optimal Monetary Policy with Heterogeneous Agents: Discretion, Commitment, and Timeless Policy

NBER Working Paper No. w30961
Number of pages: 47 Posted: 20 Feb 2023 Last Revised: 12 Apr 2023
Eduardo Davila and Andreas Schaab
Yale University - Department of Economics and Columbia Business School
Downloads 9 (986,252)
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18.
Downloads 9 (986,252)

The Value of Arbitrage

NBER Working Paper No. w29744
Number of pages: 81 Posted: 14 Feb 2022 Last Revised: 10 Apr 2022
Eduardo Davila, Daniel Graves and Cecilia Parlatore
Yale University - Department of Economics, Yale University and New York University (NYU) - New York University
Downloads 9 (1,022,969)

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The Value of Arbitrage

CEPR Discussion Paper No. DP17016
Number of pages: 83 Posted: 29 Mar 2022
Eduardo Davila, Daniel Graves and Cecilia Parlatore
Yale University - Department of Economics, Yale University and New York University (NYU) - Leonard N. Stern School of Business
Downloads 0
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arbitrage, Covered Interest Parity, dual-listed stocks, price impact, Welfare

19.

Welfare Accounting

NBER Working Paper No. w31717
Number of pages: 72 Posted: 25 Sep 2023
Eduardo Davila and Andreas Schaab
Yale University - Department of Economics and Columbia Business School
Downloads 4 (1,025,588)
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