Ester Faia

Goethe University Frankfurt

Grüneburgplatz 1

Frankfurt am Main, 60323

Germany

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

45

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3,657

SSRN CITATIONS
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SSRN RANKINGS

Top 3,091

in Total Papers Citations

73

CROSSREF CITATIONS

304

Scholarly Papers (45)

1.

Endogenous Banks' Networks, Cascades and Systemic Risk

SAFE Working Paper No. 12
Number of pages: 76 Posted: 20 Mar 2013 Last Revised: 04 Jul 2014
Wang Yanan Institute for Studies in Economics, Goethe University Frankfurt and Faculty of Economics and Business Administration
Downloads 466 (65,434)
Citation 28

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network formation, tâtonnement, contagion

Bank Networks: Contagion, Systemic Risk and Prudential Policy

SAFE Working Paper No. 87
Number of pages: 43 Posted: 03 Mar 2015 Last Revised: 18 Jul 2015
Bank for International Settlements (BIS), Universita' Cattolica, Milano and Goethe University Frankfurt
Downloads 186 (174,292)
Citation 9

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banking networks, systemic risk, contagion, fire sales, prudential regulation

Bank Networks: Contagion, Systemic Risk and Prudential Policy

CESifo Working Paper Series No. 5182
Number of pages: 51 Posted: 04 Feb 2015
Bank for International Settlements (BIS), Universita' Cattolica, Milano and Goethe University Frankfurt
Downloads 100 (285,988)

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banking networks, centrality metrics, systemic risk

Bank Networks: Contagion, Systemic Risk and Prudential Policy

BIS Working Paper No. 597
Number of pages: 39 Posted: 22 Dec 2016
Bank for International Settlements (BIS), Universita' Cattolica, Milano and Goethe University Frankfurt
Downloads 84 (320,020)

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Banking networks, systemic risk, contagion, fire sales, prudential regulation

Bank Networks: Contagion, Systemic Risk and Prudential Policy

CEPR Discussion Paper No. DP10540
Number of pages: 40 Posted: 13 Apr 2015
Bank for International Settlements (BIS), Universita' Cattolica, Milano and Goethe University Frankfurt
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Citation 3
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banking networks, contagion, fire sales, prudential regulation, systemic risk

3.

Monetary Policy and Risk Taking

SAFE Working Paper No. 8
Number of pages: 41 Posted: 09 Mar 2013
Italian Finance Ministry - International Financial Relations, Goethe University Frankfurt and European Central Bank (ECB)
Downloads 294 (111,130)
Citation 13

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bank runs, risk taking, monetary policy

4.

Monetary Policy Implementation in an Interbank Network: Effects on Systemic Risk

SAFE Working Paper No. 46
Number of pages: 43 Posted: 29 Mar 2014 Last Revised: 19 Nov 2016
Wang Yanan Institute for Studies in Economics, Goethe University Frankfurt and Faculty of Economics and Business Administration
Downloads 286 (114,421)
Citation 3

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Network formation, contagion, central banks' interventions

5.
Downloads 279 (117,463)
Citation 1

Cross-Border Resolution of Global Banks

SAFE Working Paper No. 88
Number of pages: 31 Posted: 03 Mar 2015 Last Revised: 15 Jul 2015
Ester Faia and Beatrice Weder di Mauro
Goethe University Frankfurt and Graduate Institute Geneva, IHEID
Downloads 228 (143,745)
Citation 1

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single point of entry, multiple point of entry, strategic interaction of regulators, financial spillover, financial retrenchment

Cross-Border Resolution of Global Banks

Globalization and Monetary Policy Institute Working Paper No. 236
Number of pages: 29 Posted: 17 Aug 2015
Ester Faia and Beatrice Weder di Mauro
Goethe University Frankfurt and Graduate Institute Geneva, IHEID
Downloads 51 (418,420)

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6.

Bank and Sovereign Debt Risk Connection

SAFE Working Paper No. 7
Number of pages: 44 Posted: 06 Mar 2013 Last Revised: 11 Mar 2014
European Central Bank (ECB), Goethe University Frankfurt and European Central Bank (ECB)
Downloads 195 (167,077)
Citation 1

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liquidity risk, sovereign risk, capital regulations

Optimal Monetary Policy Rules, Asset Prices and Credit Frictions

IGIER Working Paper No. 279
Number of pages: 44 Posted: 03 Feb 2005
Ester Faia and Tommaso Monacelli
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 181 (178,616)
Citation 11

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Optimal monetary policy rules, financial distortions, price stability, asset prices

Optimal Monetary Policy Rules, Asset Prices and Credit Frictions

CEPR Discussion Paper No. 4880
Number of pages: 46 Posted: 25 May 2005
Ester Faia and Tommaso Monacelli
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 13 (626,493)
Citation 6
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Optimal monetary policy rules, financial distortions, price stability, asset prices

8.
Downloads 187 (173,538)
Citation 4

Trust in the Monetary Authority

SAFE Working Paper No. 14
Number of pages: 48 Posted: 05 Apr 2013 Last Revised: 18 Jul 2013
Dirk Bursian and Ester Faia
Deutsche Bundesbank and Goethe University Frankfurt
Downloads 186 (174,292)
Citation 2

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trust evolutionary games, risk perception, monetary transmission mechanism

Trust in the Monetary Authority

CEPR Discussion Paper No. DP10541
Number of pages: 45 Posted: 13 Apr 2015
Dirk Bursian and Ester Faia
Deutsche Bundesbank and Goethe University Frankfurt
Downloads 1 (727,946)
Citation 2
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betrayal aversion, monetary transmission system, trust games

9.

Credit Risk Transfers and the Macroeconomy

ECB Working Paper No. 1256
Number of pages: 47 Posted: 22 Oct 2010
Ester Faia
Goethe University Frankfurt
Downloads 142 (219,371)
Citation 1

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credit risk transfer, dual moral hazard, monetary policy, liquidity, welfare

10.

Stabilization Policy in a Two Country Model and the Role of Financial Frictions

ECB Working Paper No. 56
Number of pages: 60 Posted: 19 Feb 2003
Ester Faia
Goethe University Frankfurt
Downloads 139 (223,183)
Citation 2

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financial frictions, monetary regimes, financial stability, stabilization policy

11.

Monetary Policy in a World with Different Financial Systems

ECB Working Paper No. 183
Number of pages: 51 Posted: 17 May 2003
Ester Faia
Goethe University Frankfurt
Downloads 121 (248,322)

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Financial diversity, monetary regimes, differential transmission mechanism, financial stability, welfare losses

12.

Optimal Monetary Policy Rules with Labor Market Frictions

ECB Working Paper No. 698
Number of pages: 35 Posted: 07 Dec 2006
Ester Faia
Goethe University Frankfurt
Downloads 95 (293,720)

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optimal monetary policy rules, matching frictions, wage rigidity

13.

Cyclical Inflation Divergence and Different Labor Market Institutions in the Emu

ECB Working Paper No. 619
Number of pages: 39 Posted: 22 May 2006
Alessia Campolmi and Ester Faia
Universitat Pompeu Fabra and Goethe University Frankfurt
Downloads 92 (299,750)

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Cyclical inflation divergence, labor market institutions, EMU

Ramsey Monetary Policy and International Relative Prices

ECB Working Paper No. 344; IGIER Working Paper No. 254
Number of pages: 57 Posted: 09 Jun 2004
Tommaso Monacelli and Ester Faia
Bocconi University - Department of Economics and Goethe University Frankfurt
Downloads 79 (332,270)

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optimal monetary policy, Ramsey planner, Nash equilibrium, cooperation, sticky prices, imperfect competition

Ramsey Monetary Policy and International Relative Prices

CEPR Discussion Paper No. 4386
Number of pages: 45 Posted: 11 Jun 2004
Ester Faia and Tommaso Monacelli
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 13 (626,493)
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Optimal monetary policy, Ramsey planner, Nash equilibrium, cooperation, sticky prices, imperfect competition

15.

The Heterogeneous Cost of Wage Rigidity: Evidence and Theory

SAFE Working Paper No. 242
Number of pages: 64 Posted: 31 Jan 2019 Last Revised: 05 Feb 2020
Ester Faia and Vincenzo Pezone
Goethe University Frankfurt and Goethe University Frankfurt - Research Center SAFE
Downloads 91 (301,786)

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heterogeneous monetary policy response, distributional consequences of monetary policy, employer-employee level dataset, monetary policy surprise shocks, heterogeneous wage rigidity

16.

Exit Strategies

SAFE Working Paper No. 50
Number of pages: 51 Posted: 16 May 2014
Italian Finance Ministry - International Financial Relations, Goethe University Frankfurt and Dortmund University, Faculty of Business, Economics, and Social Sciences,
Downloads 89 (305,978)

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exit strategies, debt consolidation, …fiscal policy, …fiscal multipliers, monetary policy, bank runs

17.

Welfare Implications of Capital Account Liberalization

CEIS Working Paper No. 96
Number of pages: 26 Posted: 13 Feb 2007
Ester Faia
Goethe University Frankfurt
Downloads 83 (319,521)
Citation 1

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endogenous borrowing limit, financial liberalization, consumption volatility

18.

Sovereign Risk, Bank Funding and Investors’ Pessimism

CFS Working Paper, No. 542
Number of pages: 44 Posted: 09 Oct 2016 Last Revised: 18 Jan 2018
Ester Faia
Goethe University Frankfurt
Downloads 65 (366,459)

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liquidity risk, sovereign risk, banks’ funding costs

19.

Labor Turnover Costs, Workers' Heterogeneity, and Optimal Monetary Policy

IZA Discussion Paper No. 4322
Number of pages: 39 Posted: 04 Aug 2009
Goethe University Frankfurt, Institute for the World Economy and University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg
Downloads 65 (366,459)

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optimal monetary policy, hiring and firing costs, labor market frictions, policy trade-off

20.

Fiscal Multipliers and the Labour Market in the Open Economy

IZA Discussion Paper No. 4849
Number of pages: 41 Posted: 29 Mar 2010
Goethe University Frankfurt, Institute for the World Economy and University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg
Downloads 57 (391,220)

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fiscal multipliers, fiscal packages, labour market frictions

21.

Ramsey Monetary Policy With Labour Market Frictions

ECB Working Paper No. 707
Number of pages: 37 Posted: 14 Jan 2007
Ester Faia
Goethe University Frankfurt
Downloads 51 (411,453)
Citation 2

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optimal monetary policy, matching frictions, wage rigidity

The Value of Firm Networks: A Natural Experiment on Board Connections

SAFE Working Paper No. 269
Number of pages: 48 Posted: 11 Mar 2020 Last Revised: 14 Apr 2020
Goethe University Frankfurt, Goethe University Frankfurt - Faculty of Economics and Business Administration and Goethe University Frankfurt - Research Center SAFE
Downloads 50 (422,222)

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Firms’ Networks, Natural Experiment, Executives’ Compensation

The Value of Firm Networks: A Natural Experiment on Board Connections

CEPR Discussion Paper No. DP14591
Number of pages: 48 Posted: 08 May 2020
Ester Faia, Max Mayer and Vincenzo Pezone
Goethe University Frankfurt, affiliation not provided to SSRN and Goethe University Frankfurt
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executives' compensation, firms networks, Natural Experiment

23.

On the Transmission of News and Mining Shocks in Bitcoin

Proceedings of Paris December 2019 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 41 Posted: 31 Oct 2019 Last Revised: 05 Nov 2019
Goethe University Frankfurt, Goethe University Frankfurt, Goethe University Frankfurt and Deutsche Bundesbank
Downloads 43 (441,568)

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Bitcoin, Narrative approach, Electricity costs, Mining competition, Search frictions

24.

Globalization, Pass-Through and Inflation Dynamic

NBER Working Paper No. w15842
Number of pages: 42 Posted: 29 Mar 2010
Pierpaolo Benigno and Ester Faia
Luiss Guido Carli University and Goethe University Frankfurt
Downloads 38 (462,249)

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25.

Optimal Monetary Policy in a Small Open Economy with Home Bias

CEPR Discussion Paper No. 5522
Number of pages: 35 Posted: 14 Jun 2006
Ester Faia and Tommaso Monacelli
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 23 (539,140)
Citation 7
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Optimal monetary policy, Ramsey planner, home bias, sticky prices

Social Interactions in Pandemics: Fear, Altruism, and Reciprocity

NBER Working Paper No. w27134
Number of pages: 38 Posted: 12 May 2020
Harvard University, Goethe University Frankfurt, Goethe University Frankfurt and Boston University - Questrom School of Business
Downloads 18 (590,719)

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Social Interactions in Pandemics: Fear, Altruism, and Reciprocity

CEPR Discussion Paper No. DP14716
Number of pages: 41 Posted: 20 May 2020
Harvard University, Goethe University Frankfurt, Goethe University Frankfurt and Boston University - Questrom School of Business
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cities, mobility, Pandemics, SIR-Network, Social interactions, Social planner, social preferences, targeted policies

Elusive Safety: The New Geography of Capital Flows and Risk

CESifo Working Paper No. 8249
Number of pages: 47 Posted: 05 May 2020
Harvard University, Goethe University Frankfurt, affiliation not provided to SSRN and Board of Governors of the Federal Reserve System
Downloads 14 (619,224)

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tax havens, geography of flows, profit shifting, tax avoidance, risk, safe assets, endogenous entry

Elusive Safety: The New Geography of Capital Flows and Risk

NBER Working Paper No. w27048
Number of pages: 53 Posted: 28 Apr 2020
Harvard University, Goethe University Frankfurt, affiliation not provided to SSRN and Board of Governors of the Federal Reserve System
Downloads 3 (703,236)
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Elusive Safety: The New Geography of Capital Flows and Risk

CEPR Discussion Paper No. DP14636
Number of pages: 55 Posted: 08 May 2020 Last Revised: 01 Jun 2020
Harvard University, Goethe University Frankfurt, Board of Governors of the Federal Reserve - Division of International Finance and Board of Governors of the Federal Reserve System
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Endogenous entry, Geography of flows, Profit shifting, risk, safe assets, Tax avoidance, tax havens

Automation, Globalization and Vanishing Jobs: A Labor Market Sorting View

IZA Discussion Paper No. 13267
Number of pages: 57 Posted: 23 May 2020
Goethe University Frankfurt, Ecole Normale Superieure de Cachan (ENS), Goethe University Frankfurt - Faculty of Economics and Business Administration and
Downloads 4 (694,462)

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automation, offshoring, two-sided heterogeneity, positive assortativity, wage inequality, horizontal specialization, core-task-biased technological change

Automation, Globalization and Vanishing Jobs: A Labor Market Sorting View

CEPR Discussion Paper No. DP14787
Number of pages: 58 Posted: 28 May 2020
Goethe University Frankfurt, Ecole Normale Superieure de Cachan (ENS), affiliation not provided to SSRN and
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automation, core-task-biased technological change, horizontal specialization, offshoring, positive assortativity, two-sided heterogeneity, Wage inequality

29.

Cross-Border Resolution of Global Banks: Bail in Under Single Point of Entry Versus Multiple Points of Entry

CEPR Discussion Paper No. DP11171
Number of pages: 40 Posted: 18 Apr 2016
Ester Faia and Beatrice Weder di Mauro
Goethe University Frankfurt and Graduate Institute Geneva, IHEID
Downloads 3 (672,583)
Citation 4
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financial retrenchment, financial spillover, global financial architecture, recovery and resolution planing, single point of entry, strategic regulatory interaction

30.

Union Power, Collective Bargaining, and Optimal Monetary Policy

Economic Inquiry, Vol. 51, Issue 1, pp. 408-427, 2013
Number of pages: 20 Posted: 30 Nov 2012
Ester Faia and Lorenza Rossi
Goethe University Frankfurt and University of Pavia - Department of Economics and Management
Downloads 2 (681,967)
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31.

Financial Frictions and the Choice of Exchange Rate Regimes

Economic Inquiry, Vol. 48, No. 4, pp. 965-982, October 2010
Number of pages: 18 Posted: 15 Sep 2010
Ester Faia
Goethe University Frankfurt
Downloads 2 (681,967)
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32.

Ambiguity Attitudes, Leverage Cycle and Asset Prices

CEPR Discussion Paper No. DP13875
Number of pages: 46 Posted: 02 Aug 2019 Last Revised: 19 Aug 2019
Bank of England, Goethe University Frankfurt and University of Rome I
Downloads 1 (694,025)
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ambiguity attitudes, asset price cycle, kinked multiplier preferences, leverage cycle, occasionally binding constraints

33.

Systemic Bank Risk and Monetary Policy

CEPR Discussion Paper No. DP13456
Number of pages: 52 Posted: 23 Jan 2019 Last Revised: 17 Oct 2019
Ester Faia and Soeren Karau
Goethe University Frankfurt and Goethe University Frankfurt
Downloads 1 (694,025)
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DeltaCoVaR, leverage, LRMES, macroprudential policy, monitoring intensity, panel VAR, policy complementarities, proxy VAR, Risk-taking channel of monetary policy

34.

Monetary Policy and the Cost of Heterogeneous Wage Rigidity: Evidence from the Stock Market

CEPR Discussion Paper No. DP13407
Number of pages: 48 Posted: 07 Jan 2019
Ester Faia and Vincenzo Pezone
Goethe University Frankfurt and Goethe University Frankfurt
Downloads 1 (694,025)
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35.

Foreign Expansion, Competition and Bank Risk

CEPR Discussion Paper No. DP13150
Number of pages: 75 Posted: 17 Sep 2018
Goethe University Frankfurt, and Ecole Normale Superieure de Cachan (ENS)
Downloads 1 (694,025)
Citation 1
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banks' risk-taking, Competition, Diversification, geographical expansion, Gravity, regulatory arbitrage, systemic risk

36.

Educational Inequality, Assortative Mating and Women Empowerement

CEPR Discussion Paper No. DP14547
Number of pages: 47 Posted: 08 May 2020
Ester Faia
Goethe University Frankfurt
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collective bargaining, educational inequality, women empowerment

37.

Insolvency-Illiquidity, Macro Externalities and Regulation

CEPR Discussion Paper No. DP14055
Number of pages: 61 Posted: 17 Oct 2019 Last Revised: 23 Oct 2019
Ester Faia
Goethe University Frankfurt
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Basel regimes, equity requirements, information-based bank runs, liquidity requirements, Pecuniary externalities, Ramsey plan

38.

Divergent Reference-Dependent Risk-Attitudes and Endogenous Collateral Constraints

CEPR Discussion Paper No. DP11678
Number of pages: 70 Posted: 20 Sep 2017 Last Revised: 10 Sep 2018
Giuliano Curatola and Ester Faia
University of Siena - Department of Economics and Statistics and Goethe University Frankfurt
Downloads 0 (712,278)
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endogenous price of risk, excessive leverage, loss averse borrowers, occasionally binding constraints, risk-tolerance

39.

P2P Lending: Information Externalities, Social Networks and Loans' Substitution

CEPR Discussion Paper No. DP12235
Number of pages: 65 Posted: 29 Aug 2017
Ester Faia and Monica Paiella
Goethe University Frankfurt and University of Naples Federico II
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liquidity shocks, peer-to-peer lending, pooling equilibria, signals, value of information

40.

International Expansion and Riskiness of Banks

CEPR Discussion Paper No. DP11951
Number of pages: 68 Posted: 10 Apr 2017
Goethe University Frankfurt, and Catholic University of Milan
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banksâ?™ risk, Competition, Diversification, global expansion, regulation., systemic risk

41.

Global Banking: Endogenous Competition and Risk Taking

CEPR Discussion Paper No. DP11940
Number of pages: 57 Posted: 27 Mar 2017 Last Revised: 29 Aug 2017
Ester Faia and Gianmarco I.P. Ottaviano
Goethe University Frankfurt and
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appetite for leverage, endogenous risk taking, expectation of rents extraction, global bank, oligopoly, oligopsony

42.

Sovereign Risk, Bank Funding and Investors' Pessimism

CEPR Discussion Paper No. DP11340
Number of pages: 43 Posted: 20 Jun 2016
Ester Faia
Goethe University Frankfurt
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banks' funding costs, feedback loops, liquidity risk, repo freezes., sovereign risk

43.

Systemic Loops and Liquidity Regulation

CEPR Discussion Paper No. DP10918
Number of pages: 39 Posted: 04 Nov 2015
Iñaki Aldasoro and Ester Faia
Bank for International Settlements (BIS) and Goethe University Frankfurt
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bank runs, contagion, interconnections, liquidity scarcity, phase-ins

44.

Macroeconomic and Welfare Implications of Financial Globalization

Journal of Applied Economics, Vol. 14, No. 1, pp. 119-144, May 2011
Posted: 19 Jun 2011
Ester Faia
Goethe University Frankfurt

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limited enforcement, financial liberalization, consumption volatility

45.

Political Pressures and Exchange Rate Stability in Emerging Market Economies

Journal of Applied Economics, Vol. 11, No. 1, pp. 1-32, May 2008
Posted: 14 Jul 2008
Goethe University Frankfurt, University of Amsterdam - Faculty of Economics & Econometrics (FEE) and Economic Research Division, WTO

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exporters and financial lobbies, exchange rate stability