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

SCHOLARLY PAPERS

41

DOWNLOADS
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3,308

SSRN CITATIONS
Rank 763

SSRN RANKINGS

Top 763

in Total Papers Citations

425

CROSSREF CITATIONS

877

Scholarly Papers (41)

1.

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

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 363 (89,538)
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.
Downloads 320 (103,203)
Citation 35

Commitment vs. Flexibility

Number of pages: 43 Posted: 30 Nov 2003
affiliation not provided to SSRN, Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 283 (117,151)

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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
affiliation not provided to SSRN, Massachusetts Institute of Technology (MIT) - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 37 (484,554)
Citation 5

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Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-35
Number of pages: 37 Posted: 09 Apr 2020
University of Chicago - Booth School of Business, Northwestern University, Harvard University - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 303 (108,861)
Citation 62

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Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?

NBER Working Paper No. w26918
Number of pages: 37 Posted: 06 Apr 2020 Last Revised: 13 Apr 2020
University of Chicago - Booth School of Business, Northwestern University, Harvard University and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 7 (682,586)
Citation 10
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4.
Downloads 280 (119,103)
Citation 1

Inequality, Social Discounting, and Estate Taxation

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 (136,736)

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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 (489,376)

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5.
Downloads 207 (160,706)
Citation 19

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 181 (181,636)
Citation 7

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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 26 (544,982)
Citation 2

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Crises and Prices: Information Aggregation, Multiplicity and Volatility

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 (191,945)

Abstract:

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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 (499,379)
Citation 9

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7.

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 (168,264)
Citation 21

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

8.
Downloads 186 (177,290)
Citation 52

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 153 (210,161)
Citation 1

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

NBER Working Paper No. w11689
Number of pages: 27 Posted: 16 Dec 2005 Last Revised: 15 Jun 2020
Robert Shimer and Iván Werning
University of Chicago - Department of Economics and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 33 (504,574)
Citation 4

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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

9.
Downloads 171 (190,877)
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 144 (220,957)
Citation 1

Abstract:

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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 27 (538,670)
Citation 2

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10.
Downloads 136 (230,729)
Citation 35

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 90 (311,130)

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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 46 (444,691)
Citation 8

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11.
Downloads 134 (233,557)
Citation 14

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 119 (256,641)

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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 15 (621,560)
Citation 8

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12.

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 111 (268,549)

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13.

Optimal Targeted Lockdowns in a Multi-Group Sir Model

NBER Working Paper No. w27102
Number of pages: 57 Posted: 05 May 2020
Massachusetts Institute of Technology (MIT) - Department of Economics, Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) - Department of Economics and Sloan School of Management and Department of Economics
Downloads 65 (372,173)
Citation 6

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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 43 (457,302)
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 22 (571,868)

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15.

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 (387,538)
Citation 4

Abstract:

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unemployment insurance, liquidity, search

16.

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 55 (404,140)
Citation 6

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17.
Downloads 42 (452,439)
Citation 69

Comparative Advantage and Optimal Trade Policy

NBER Working Paper No. w19689
Number of pages: 45 Posted: 10 Dec 2013
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 (466,142)
Citation 11

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Comparative Advantage and Optimal Trade Policy

CEPR Discussion Paper No. DP9765
Number of pages: 47 Posted: 02 Dec 2013
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 (741,635)
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Comparative Advantage, Ricardian Model, Trade Policy

18.
Downloads 37 (473,919)
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 (578,790)

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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 16 (614,153)

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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
Downloads 0
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19.
Downloads 36 (478,396)
Citation 21

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 (564,992)

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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 (636,511)

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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 13
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Earnings Elasticities, Inequality, Optimal Taxation, Sufficient Statistics, Superstar Effects

20.

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 34 (487,635)
Citation 3

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21.

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 (507,499)
Citation 40

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22.

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 29 (512,737)

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23.

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 26 (529,462)

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24.

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 26 (529,462)
Citation 10

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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 23 (547,623)
Citation 21

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26.

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 23 (547,623)
Citation 3

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27.

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 (553,901)
Citation 5

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28.

Micro to Macro: Optimal Trade Policy with Firm Heterogeneity

NBER Working Paper No. w21989
Number of pages: 61 Posted: 15 Feb 2016
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 (598,907)

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29.

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 (605,679)
Citation 14

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30.

Take the Short Route: Equilibrium Default and Debt Maturity

NBER Working Paper No. w22847
Number of pages: 45 Posted: 21 Nov 2016
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 13 (612,468)
Citation 12

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31.

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 13 (612,468)

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32.

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 (619,532)

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33.

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 (626,411)

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34.

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 (626,411)
Citation 2

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35.

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 10 (633,280)
Citation 1

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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 (667,053)
Citation 1

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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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37.

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 (654,632)

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38.

Dynamic Oligopoly and Price Stickiness

NBER Working Paper No. w27536
Number of pages: 77 Posted: 24 Jul 2020
Olivier Wang and Iván Werning
New York University (NYU) - Department of Finance and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 1 (707,355)
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39.

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

40.

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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41.

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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