Iván Werning

Massachusetts Institute of Technology (MIT) - Department of Economics

50 Memorial Drive

Room E52-251

Cambridge, MA 02142

United States

http://econ-www.mit.edu/faculty/iwerning

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Massachusetts Institute of Technology (MIT) - Department of Economics

    • Email
    • Tel: 617-452-3662
    • Fax: 617-253-1330

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

38

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SSRN CITATIONS
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165

CROSSREF CITATIONS

851

Scholarly Papers (38)

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1.

Information Aggregation and Equilibrium Multiplicity: Morris-Shin Meets Grossman-Stiglitz

MIT Economics Working Paper No. 04-14
Number of pages: 31 Posted: 24 Mar 2004
George-Marios Angeletos and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 362 (84,969)
Citation 1

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Multiple equilibria, coordination, self-fulfilling expectations, speculative attacks, currency crises, bank runs, financial crashes, rational-expectations, global games.

2.

Commitment vs. Flexibility

Downloads 320 ( 97,599)
Citation 33

Commitment vs. Flexibility

MIT Economics Working Paper No. 03-40
Number of pages: 43 Posted: 30 Nov 2003
Manuel Amador, Iván Werning and George-Marios Angeletos
affiliation not provided to SSRN, Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 283 (110,906)

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Banking and credit, English Industrial Revolution, interest rate determination, credit rationing, technological change and learning.

Commitment vs. Flexibility

NBER Working Paper No. w10151
Number of pages: 46 Posted: 23 Dec 2003 Last Revised: 28 Sep 2010
Manuel Amador, Iván Werning and George-Marios Angeletos
affiliation not provided to SSRN, Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 37 (462,511)
Citation 3

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3.

Inequality, Social Discounting, and Estate Taxation

Downloads 280 (112,810)
Citation 1

Inequality, Social Discounting, and Estate Taxation

MIT Department of Economics Working Paper No. 05-13
Number of pages: 42 Posted: 29 Apr 2005
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 244 (129,640)

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Inequality, Altruism, Private Information, Immiseration, Social Discounting, Optimal Taxation, Estate Taxes, Dynamic Programming

Inequality, Social Discounting and Estate Taxation

NBER Working Paper No. w11408
Number of pages: 43 Posted: 06 Jul 2005 Last Revised: 04 Sep 2010
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 36 (467,105)

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4.

Fiscal Unions

Downloads 205 (153,941)
Citation 20

Fiscal Unions

MIT Department of Economics Working Paper No. 12-20
Number of pages: 48 Posted: 09 Aug 2012
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 180 (173,398)
Citation 6

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Fiscal union, currency union, optimal currency a/rea, international insurance, fiscal and monetary policy, monetary union

Fiscal Unions

NBER Working Paper No. w18280
Number of pages: 132 Posted: 04 Aug 2012
Iván Werning and Emmanuel Farhi
Massachusetts Institute of Technology (MIT) - Department of Economics and Harvard University - Department of Economics
Downloads 25 (526,625)
Citation 3

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5.

Crises and Prices: Information Aggregation, Multiplicity and Volatility

Downloads 204 (154,650)
Citation 99

Crises and Prices: Information Aggregation, Multiplicity and Volatility

MIT Department of Economics Working Paper No. 04-43
Number of pages: 37 Posted: 14 Dec 2004
George-Marios Angeletos and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 170 (182,348)

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Multiple equilibria, coordination, global games, speculative attacks, currency crises, bank runs, financial crashes, rational expectations

Crises and Prices: Information Aggregation, Multiplicity and Volatility

NBER Working Paper No. w11015
Number of pages: 38 Posted: 28 Dec 2004 Last Revised: 08 Aug 2010
George-Marios Angeletos and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 34 (476,568)
Citation 6

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6.

Capital Taxation: Quantitative Explorations of the Inverse Euler Equation

MIT Department of Economics Working Paper No. 06-15
Number of pages: 50 Posted: 15 May 2006 Last Revised: 03 May 2009
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 197 (159,823)
Citation 20

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Capital taxation, inverse Euler equation, constrained efficient, Chamley-Judds

7.

Liquidity and Insurance for the Unemployed

Downloads 184 (169,993)
Citation 51

Liquidity and Insurance for the Unemployed

MIT Department of Economics Working Paper No. 05-23, American Economic Review, Forthcoming
Number of pages: 28 Posted: 03 Nov 2005
Iván Werning and Robert Shimer
Massachusetts Institute of Technology (MIT) - Department of Economics and University of Chicago - Department of Economics
Downloads 151 (201,992)
Citation 1

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optimal unemployment insurance, consumption smoothing, duration of unemployment benefits, sequential search

Liquidity and Insurance for the Unemployed

NBER Working Paper No. w11689
Number of pages: 27 Posted: 16 Dec 2005 Last Revised: 27 Jul 2009
Robert Shimer and Iván Werning
University of Chicago - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 33 (481,535)
Citation 2

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Liquidity and Insurance for the Unemployed

Posted: 25 Jul 2008
Robert Shimer and Iván Werning
University of Chicago - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics

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Optimal Unemployment Insurance, Consumption Smoothing, Duration of Unemployment Benefits, Sequential Search

8.

Reservation Wages and Unemployment Insurance

Downloads 165 (187,034)
Citation 47

Reservation Wages and Unemployment Insurance

MIT Department of Economics Working Paper No. 06-16
Number of pages: 34 Posted: 15 May 2006
Robert Shimer and Iván Werning
University of Chicago - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 140 (215,060)
Citation 1

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unemployment insurance, social insurance, reservation wages, search

Reservation Wages and Unemployment Insurance

NBER Working Paper No. w12618
Number of pages: 43 Posted: 27 Oct 2006 Last Revised: 27 Jun 2010
Robert Shimer and Iván Werning
University of Chicago - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 25 (526,625)
Citation 2

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9.

Progressive Estate Taxation

Downloads 133 (223,508)
Citation 33

Progressive Estate Taxation

MIT Department of Economics Working Paper No. 06-27
Number of pages: 39 Posted: 21 Oct 2006
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 88 (300,696)

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progressivity, inheritance, estate taxation

Progressive Estate Taxation

NBER Working Paper No. w12600
Number of pages: 39 Posted: 20 Nov 2006 Last Revised: 07 Mar 2007
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 45 (428,233)
Citation 4

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10.

Slow Moving Debt Crises

Downloads 127 (231,628)
Citation 11

Slow Moving Debt Crises

MIT Department of Economics Working Paper No. 13-18
Number of pages: 33 Posted: 27 Jul 2013
Guido Lorenzoni and Iván Werning
Northwestern University and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 115 (250,494)

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debt crises, multiplicity, self-fulfilling crisis, sovereign debt

Slow Moving Debt Crises

NBER Working Paper No. w19228
Number of pages: 34 Posted: 19 Jul 2013
Guido Lorenzoni and Iván Werning
Northwestern University and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 12 (614,824)
Citation 3

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11.

Fiscal Mulipliers: Liquidity Traps and Currency Unions

MIT Department of Economics Working Paper No. 12-23
Number of pages: 69 Posted: 07 Sep 2012
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 110 (257,276)

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12.

Optimal Savings Distortions with Recursive Preferences

Downloads 63 (360,646)
Citation 1

Optimal Savings Distortions with Recursive Preferences

MIT Department of Economics Working Paper No. 07-30
Number of pages: 35 Posted: 24 Dec 2007 Last Revised: 03 Jan 2008
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 42 (440,505)
Citation 1

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Optimal Savings Distortions with Recursive Preferences

NBER Working Paper No. w13720
Number of pages: 35 Posted: 11 Jan 2008 Last Revised: 29 Jun 2010
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 21 (552,635)

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13.

On the Optimal Timing of Benefits with Heterogeneous Workers And Human Capital Depreciation

MIT Department of Economics Working Paper No. 06-12
Number of pages: 31 Posted: 26 Apr 2006
Robert Shimer and Iván Werning
University of Chicago - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 60 (369,573)
Citation 4

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unemployment insurance, liquidity, search

14.

Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates

NBER Working Paper No. w18199
Number of pages: 95 Posted: 29 Jun 2012
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 53 (391,945)
Citation 2

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15.

Comparative Advantage and Optimal Trade Policy

Downloads 42 (431,704)
Citation 61

Comparative Advantage and Optimal Trade Policy

NBER Working Paper No. w19689
Number of pages: 45 Posted: 10 Dec 2013
Arnaud Costinot, Dave Donaldson, Jonathan Vogel and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics, Massachusetts Institute of Technology (MIT), UCLA and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 41 (444,732)
Citation 3

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Comparative Advantage and Optimal Trade Policy

CEPR Discussion Paper No. DP9765
Number of pages: 47 Posted: 02 Dec 2013
Arnaud Costinot, Dave Donaldson, Jonathan Vogel and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics, Massachusetts Institute of Technology (MIT), UCLA and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 1 (707,290)
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Comparative Advantage, Ricardian Model, Trade Policy

16.

The Taxation of Superstars

Downloads 36 (456,576)
Citation 15

The Taxation of Superstars

CESifo Working Paper Series No. 5479
Number of pages: 67 Posted: 18 Sep 2015
Florian Scheuer and Iván Werning
Stanford University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 23 (539,500)

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The Taxation of Superstars

NBER Working Paper No. w21323
Number of pages: 68 Posted: 27 Jul 2015
Florian Scheuer and Iván Werning
Stanford University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 13 (607,461)

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The Taxation of Superstars

CEPR Discussion Paper No. DP10778
Number of pages: 69 Posted: 27 Aug 2015
Florian Scheuer and Iván Werning
Stanford University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 0
Citation 8
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Earnings Elasticities, Inequality, Optimal Taxation, Sufficient Statistics, Superstar Effects

17.

Mirrlees Meets Diamond-Mirrlees

Downloads 33 (469,907)
Citation 1

Mirrlees Meets Diamond-Mirrlees

CESifo Working Paper Series No. 5830
Number of pages: 35 Posted: 21 Apr 2016
Florian Scheuer and Iván Werning
Stanford University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 21 (552,635)

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Mirrlees Meets Diamond-Mirrlees

NBER Working Paper No. w22076
Number of pages: 35 Posted: 14 Mar 2016
Florian Scheuer and Iván Werning
Stanford University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 12 (614,824)

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Mirrlees Meets Diamond-Mirrlees

CEPR Discussion Paper No. DP11172
Number of pages: 36 Posted: 18 Apr 2016
Florian Scheuer and Iván Werning
Stanford University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
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18.

Managing a Liquidity Trap: Monetary and Fiscal Policy

NBER Working Paper No. w17344
Number of pages: 49 Posted: 29 Aug 2011
Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 33 (469,907)
Citation 1

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19.

A Theory of Macroprudential Policies in the Presence of Nominal Rigidities

NBER Working Paper No. w19313
Number of pages: 56 Posted: 10 Aug 2013
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 30 (484,325)
Citation 19

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20.

On the Optimal Timing of Benefits with Heterogeneous Workers and Human Capital Depreciation

NBER Working Paper No. w12230
Number of pages: 34 Posted: 14 Jul 2006 Last Revised: 26 Jul 2006
Robert Shimer and Iván Werning
University of Chicago - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 28 (494,583)

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21.

The Lerner Symmetry Theorem: Generalizations and Qualifications

NBER Working Paper No. w23427
Number of pages: 15 Posted: 24 May 2017
Arnaud Costinot and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 23 (522,684)

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22.

Insurance and Taxation Over the Life Cycle

NBER Working Paper No. w16749
Number of pages: 54 Posted: 31 Jan 2011 Last Revised: 21 Feb 2011
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 23 (522,684)
Citation 6

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23.

A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation

NBER Working Paper No. w17680
Number of pages: 42 Posted: 25 Dec 2011 Last Revised: 27 Dec 2011
Arnaud Costinot, Guido Lorenzoni and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics, Northwestern University and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 22 (528,602)
Citation 5

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24.

Positive Long Run Capital Taxation: Chamley-Judd Revisited

NBER Working Paper No. w20441
Number of pages: 67 Posted: 02 Sep 2014
Ludwig Straub and Iván Werning
Massachusetts Institute of Technology (MIT), Department of Economics, Students and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 21 (534,598)

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25.

Monetary Policy, Bounded Rationality, and Incomplete Markets

NBER Working Paper No. w23281
Number of pages: 56 Posted: 27 Mar 2017
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 20 (540,661)
Citation 6

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26.

Micro to Macro: Optimal Trade Policy with Firm Heterogeneity

NBER Working Paper No. w21989
Number of pages: 61 Posted: 15 Feb 2016
Arnaud Costinot, Andrés Rodríguez-Clare and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics, University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 15 (571,281)

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27.

Fiscal Multipliers: Liquidity Traps and Currency Unions

NBER Working Paper No. w18381
Number of pages: 70 Posted: 15 Sep 2012 Last Revised: 21 Sep 2012
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 14 (577,745)
Citation 8

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28.

Take the Short Route: Equilibrium Default and Debt Maturity

NBER Working Paper No. w22847
Number of pages: 45 Posted: 21 Nov 2016
Mark Aguiar, Manuel Amador, Hugo A. Hopenhayn and Iván Werning
Princeton University, Federal Reserve Banks - Federal Reserve Bank of Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 12 (590,804)
Citation 6

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29.

Efficiency and Information Transmission in Bilateral Trading

NBER Working Paper No. w21495
Number of pages: 55 Posted: 25 Aug 2015
Robert Shimer and Iván Werning
University of Chicago - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 12 (590,804)

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30.

Incomplete Markets and Aggregate Demand

NBER Working Paper No. w21448
Number of pages: 42 Posted: 18 Aug 2015
Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 12 (590,804)

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31.

Labor Mobility within Currency Unions

NBER Working Paper No. w20105
Number of pages: 28 Posted: 14 May 2014
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 11 (597,382)

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32.

Estate Taxation with Altruism Heterogeneity

NBER Working Paper No. w18792
Number of pages: 27 Posted: 09 Feb 2013
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 11 (597,382)
Citation 2

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33.

Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation

Downloads 9 (610,541)
Citation 1

Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation

NBER Working Paper No. w25103
Number of pages: 54 Posted: 01 Oct 2018
Arnaud Costinot and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 9 (636,476)
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Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation

CEPR Discussion Paper No. DP13209
Number of pages: 56 Posted: 02 Oct 2018
Arnaud Costinot and Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
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34.

Saving and Dissaving with Hyperbolic Discounting

NBER Working Paper No. w24257
Number of pages: 63 Posted: 29 Jan 2018
Dan Cao and Iván Werning
Georgetown University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 9 (610,541)
Citation 3

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35.

Dynamic Savings Choices with Disagreements

NBER Working Paper No. w22007
Number of pages: 102 Posted: 22 Feb 2016 Last Revised: 08 Mar 2016
Dan Cao and Iván Werning
Georgetown University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 7 (623,931)

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36.

Tax Smoothing with Redistribution

Posted: 25 Jul 2008
Iván Werning
Massachusetts Institute of Technology (MIT) - Department of Economics

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Optimal Taxation, Redistribution, Tax Smoothing, Debt Management, Capital Taxation, Time Inconsistency

37.

Inequality and Social Discounting

Journal of Political Economy, Vol. 115, No. 3, 2007
Posted: 20 Dec 2007
Emmanuel Farhi and Iván Werning
Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics

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38.

The Equilibrium Distribution of Income and the Market for Status

Journal of Political Economy, Vol. 113, pp. 282-310, April 2005
Posted: 29 Mar 2005
Gary S. Becker, Kevin M. Murphy and Iván Werning
University of Chicago - Department of Economics, University of Chicago and Massachusetts Institute of Technology (MIT) - Department of Economics

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