Ester Faia

Goethe University Frankfurt

Grüneburgplatz 1

Frankfurt am Main, 60323

Germany

Kiel Institute for the World Economy

P.O. Box 4309

Kiel, D-24100

Germany

University of Angers - Centre d'Etudes Prospectives d'Economie Mathematique Appliquees a la Planification (CEPREMAP)

Ecole Normale Superieure

48 boulevard Jourdan

75014 Paris

France

SCHOLARLY PAPERS

37

DOWNLOADS
Rank 14,367

SSRN RANKINGS

Top 14,367

in Total Papers Downloads

3,280

CITATIONS
Rank 5,262

SSRN RANKINGS

Top 5,262

in Total Papers Citations

105

Scholarly Papers (37)

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 441 (63,898)
Citation 27

Abstract:

Loading...

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 176 (168,555)
Citation 9

Abstract:

Loading...

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 95 (272,884)

Abstract:

Loading...

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 79 (306,663)

Abstract:

Loading...

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
Downloads 0
Citation 2
  • Add to Cart

Abstract:

Loading...

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 271 (111,031)
Citation 41

Abstract:

Loading...

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 259 (116,419)
Citation 3

Abstract:

Loading...

Network formation, contagion, central banks' interventions

5.
Downloads 254 (118,824)
Citation 2

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
Goethe University Frankfurt and University of Mainz - Department of Economics
Downloads 206 (145,607)
Citation 4

Abstract:

Loading...

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
Goethe University Frankfurt and University of Mainz - Department of Economics
Downloads 48 (397,352)

Abstract:

Loading...

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 178 (166,858)
Citation 4

Abstract:

Loading...

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 (578,466)
Citation 77
  • Add to Cart

Abstract:

Loading...

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

7.

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 190 (157,276)
Citation 2

Abstract:

Loading...

liquidity risk, sovereign risk, capital regulations

8.
Downloads 179 (165,989)
Citation 3

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
Goethe University Frankfurt and Goethe University Frankfurt
Downloads 178 (166,858)
Citation 2

Abstract:

Loading...

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
Goethe University Frankfurt and Goethe University Frankfurt
Downloads 1 (675,851)
  • Add to Cart

Abstract:

Loading...

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 136 (209,085)
Citation 2

Abstract:

Loading...

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 134 (211,582)

Abstract:

Loading...

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 117 (234,676)
Citation 2

Abstract:

Loading...

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

12.

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 90 (280,390)
Citation 9

Abstract:

Loading...

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 77 (311,462)

Abstract:

Loading...

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 (578,466)
Citation 2
  • Add to Cart

Abstract:

Loading...

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

14.

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 84 (292,754)
Citation 26

Abstract:

Loading...

optimal monetary policy rules, matching frictions, wage rigidity

15.

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 82 (297,088)
Citation 3

Abstract:

Loading...

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

16.

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 81 (299,279)
Citation 2

Abstract:

Loading...

endogenous borrowing limit, financial liberalization, consumption volatility

17.

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 61 (349,542)
Citation 8

Abstract:

Loading...

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

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 60 (352,406)
Citation 1

Abstract:

Loading...

liquidity risk, sovereign risk, banks’ funding costs

19.

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 53 (373,795)

Abstract:

Loading...

fiscal multipliers, fiscal packages, labour market frictions

20.

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 48 (390,484)
Citation 29

Abstract:

Loading...

optimal monetary policy, matching frictions, wage rigidity

21.

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

SAFE Working Paper No. 242 (2019)
Number of pages: 51 Posted: 31 Jan 2019
Ester Faia and Vincenzo Pezone
Goethe University Frankfurt and Goethe University Frankfurt - Research Center SAFE
Downloads 41 (415,463)

Abstract:

Loading...

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

22.

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 35 (439,540)
Citation 10

Abstract:

Loading...

23.

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 (498,233)
Citation 32
  • Add to Cart

Abstract:

Loading...

Optimal monetary policy, Ramsey planner, home bias, sticky prices

24.

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
Goethe University Frankfurt and University of Mainz - Department of Economics
Downloads 3 (621,266)
Citation 1
  • Add to Cart

Abstract:

Loading...

financial retrenchment, financial spillover, global financial architecture, recovery and resolution planing, single point of entry, strategic regulatory interaction

25.

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 (631,171)
Citation 3
  • Add to Cart

Abstract:

Loading...

26.

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 (631,171)
Citation 6
  • Add to Cart

Abstract:

Loading...

27.

Banks' Systemic Risk and Monetary Policy

CEPR Discussion Paper No. DP13456
Number of pages: 59 Posted: 23 Jan 2019
Ester Faia and Soeren Karau
Goethe University Frankfurt and Goethe University Frankfurt
Downloads 1 (643,830)
  • Add to Cart

Abstract:

Loading...

DeltaCoVaR, leverage, LRMES, macroprudential policy, monitoring intensity, panel VAR, policy complementarities, proxy VAR, Risk-taking channel of monetary policy

28.

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 (643,830)
  • Add to Cart

Abstract:

Loading...

29.

Foreign Expansion, Competition and Bank Risk

CEPR Discussion Paper No. DP13150
Number of pages: 75 Posted: 17 Sep 2018
Goethe University Frankfurt, Bocconi University - Department of Economics and Ecole Normale Superieure de Cachan (ENS)
Downloads 1 (643,830)
  • Add to Cart

Abstract:

Loading...

banks' risk-taking, Competition, Diversification, geographical expansion, Gravity, regulatory arbitrage, systemic risk

30.

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 (661,936)
  • Add to Cart

Abstract:

Loading...

endogenous price of risk, excessive leverage, loss averse borrowers, occasionally binding constraints, risk-tolerance

31.

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
Downloads 0 (661,936)
  • Add to Cart

Abstract:

Loading...

liquidity shocks, peer-to-peer lending, pooling equilibria, signals, value of information

32.

International Expansion and Riskiness of Banks

CEPR Discussion Paper No. DP11951
Number of pages: 68 Posted: 10 Apr 2017
Goethe University Frankfurt, Bocconi University - Department of Economics and Catholic University of Milan
Downloads 0 (661,936)
  • Add to Cart

Abstract:

Loading...

banksâ?™ risk, Competition, Diversification, global expansion, regulation., systemic risk

33.

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
Goethe University Frankfurt and Bocconi University - Department of Economics
Downloads 0 (661,936)
  • Add to Cart

Abstract:

Loading...

appetite for leverage, endogenous risk taking, expectation of rents extraction, global bank, oligopoly, oligopsony

34.

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
Downloads 0 (661,936)
Citation 1
  • Add to Cart

Abstract:

Loading...

banks' funding costs, feedback loops, liquidity risk, repo freezes., sovereign risk

35.

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
Downloads 0 (661,936)
Citation 3
  • Add to Cart

Abstract:

Loading...

bank runs, contagion, interconnections, liquidity scarcity, phase-ins

36.

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

Abstract:

Loading...

limited enforcement, financial liberalization, consumption volatility

37.

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

Abstract:

Loading...

exporters and financial lobbies, exchange rate stability