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

  • Yale University - Department of Economics

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

19

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Top 2,597

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320

Scholarly Papers (19)

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1.

Prudential Policy with Distorted Beliefs

Downloads 344 (175,408)
Citation 3

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 296 (205,220)

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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 37 (882,302)
Citation 1

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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 11 (1,166,457)

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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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2.

Corrective Regulation with Imperfect Instruments *

Downloads 297 (205,210)
Citation 1

Corrective Regulation with Imperfect Instruments *

Number of pages: 85 Posted: 02 Sep 2021 Last Revised: 09 Jul 2024
Eduardo Davila and Ansgar Walther
Yale University - Department of Economics and Imperial College London
Downloads 232 (261,576)

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H23, Q58, G28, D62 corrective regulation, second-best policy, Pigouvian taxation, policy elasticities, leakage elasticities, shadow banking, regulatory arbitrage, financial regulation

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 28 (966,779)

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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 23 (1,019,930)

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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 13 (1,153,464)

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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
Downloads 1 (1,293,661)
Citation 1
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corrective regulation, financial regulation, leakage elasticities, Pigouvian taxation, policy elasticities, regulatory arbitrage, second-best policy

3.

Trading Costs and Informational Efficiency

Downloads 231 (263,991)
Citation 4

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 194 (309,973)
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 37 (882,302)
Citation 2

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4.

House Price Beliefs and Mortgage Leverage Choice

Downloads 211 (287,653)
Citation 111

House Price Beliefs and Mortgage Leverage Choice

Number of pages: 55 Posted: 19 Jul 2017 Last Revised: 29 Nov 2017
Michael Bailey, Eduardo Davila, Theresa Kuchler and Johannes Stroebel
Facebook, Yale University - Department of Economics, New York University (NYU) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 155 (378,281)

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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
Michael Bailey, Eduardo Davila, Theresa Kuchler and Johannes Stroebel
Facebook, Yale University - Department of Economics, New York University (NYU) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 54 (755,110)
Citation 98

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House Price Beliefs and Mortgage Leverage Choice

CEPR Discussion Paper No. DP12476
Number of pages: 58 Posted: 12 Dec 2017
Michael Bailey, Eduardo Davila, Theresa Kuchler and Johannes Stroebel
Facebook, Yale University - Department of Economics, New York University (NYU) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 2 (1,280,688)
Citation 13
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disagreement, heterogeneous beliefs, leverage, Mortgage Choice

5.

Optimal Deposit Insurance

Downloads 206 (294,145)
Citation 26

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 170 (349,356)
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 36 (891,082)
Citation 21

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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 167 (355,175)
Citation 8

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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 125 (448,630)

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

8.

Does Size Matter? Bailouts with Large and Small Banks

Downloads 116 (474,932)
Citation 11

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 60 (718,428)
Citation 11

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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 56 (742,456)

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

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 101 (525,219)

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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 94 (550,539)
Citation 7

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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 85 (585,794)
Citation 124

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12.

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 78 (616,019)

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

13.

Welfare Assessments with Heterogeneous Individuals

Downloads 61 (698,948)
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 54 (755,110)

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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 7 (1,218,240)
Citation 1

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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 46 (791,228)
Citation 8

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15.

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 40 (835,111)

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16.

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 34 (884,304)
Citation 15

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

17.

The Value of Arbitrage

Downloads 18 (1,044,580)
Citation 1

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 17 (1,090,832)

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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 1 (1,293,661)
Citation 1
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arbitrage, Covered Interest Parity, dual-listed stocks, price impact, Welfare

18.

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 13 (1,102,525)

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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 9 (1,150,265)
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