Iván Werning

Names

Identifer

Contact

Affiliations

• Massachusetts Institute of Technology (MIT) / Economics Department (weight: 50%)
  • EDIRC entry
  • location:
• National Bureau of Economic Research (NBER) (weight: 50%)
  • EDIRC entry
  • location:

Research profile

author of:

• Estate Taxation with Altruism Heterogeneity
  American Economic Review, American Economic Association (2013)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-article, aea:aecrev:v:103:y:2013:i:3:p:489-95)
• Fiscal Unions
  American Economic Review, American Economic Association (2017)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-article, aea:aecrev:v:107:y:2017:i:12:p:3788-3834)
• Crises and Prices: Information Aggregation, Multiplicity, and Volatility
  American Economic Review, American Economic Association (2006)
  by Iván Werning & George-Marios Angeletos
  (ReDIF-article, aea:aecrev:v:96:y:2006:i:5:p:1720-1736)
• Liquidity and Insurance for the Unemployed
  American Economic Review, American Economic Association (2008)
  by Robert Shimer & Ivan Werning
  (ReDIF-article, aea:aecrev:v:98:y:2008:i:5:p:1922-42)
• Lerner Symmetry: A Modern Treatment
  American Economic Review: Insights, American Economic Association (2019)
  by Arnaud Costinot & Iván Werning
  (ReDIF-article, aea:aerins:v:1:y:2019:i:1:p:13-26)
• The Taxation of Superstars
  CESifo Working Paper Series, CESifo (2015)
  by Florian Scheuer & Iván Werning
  (ReDIF-paper, ces:ceswps:_5479)
• Mirrlees Meets Diamond-Mirrlees
  CESifo Working Paper Series, CESifo (2016)
  by Florian Scheuer & Iván Werning
  (ReDIF-paper, ces:ceswps:_5830)
• Saving Distortions, Undervalued Exchange Rates, and Protectionism
  Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2015)
  by Arnaud Costinot & Guido Lorenzoni & Iván Werning
  (ReDIF-chapter, chb:bcchsb:v20c05pp143-158)
• Slow Moving Debt Crises
  Levine's Working Paper Archive, David K. Levine (2014)
  by Guido Lorenzoni & Ivan Werning
  (ReDIF-paper, cla:levarc:786969000000000939)
• The Taxation of Superstars
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015)
  by Werning, Iván & Scheuer, Florian
  (ReDIF-paper, cpr:ceprdp:10778)
• Mirrlees meets Diamond-Mirrlees
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016)
  by Scheuer, Florian & Werning, Iván
  (ReDIF-paper, cpr:ceprdp:11172)
• Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018)
  by Costinot, Arnaud & Werning, Iván
  (ReDIF-paper, cpr:ceprdp:13209)
• Comparative Advantage and Optimal Trade Policy
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013)
  by Donaldson, Dave & Costinot, Arnaud & Werning, Iván & Vogel, Jonathan
  (ReDIF-paper, cpr:ceprdp:9765)
• Commitment vs. Flexibility
  Econometrica, Econometric Society (2006)
  by Manuel Amador & Iván Werning & George-Marios Angeletos
  (ReDIF-article, ecm:emetrp:v:74:y:2006:i:2:p:365-396)
• Fiscal Multipliers☆☆We thank the editors John Taylor and Harald Uhlig for detailed comments, as well as suggestions and comments by Gabriel Chodorow-Reich, Jon Steinsson, and Michael Weber
  Handbook of Macroeconomics, Elsevier (2016)
  by Farhi, E. & Werning, I.
  (ReDIF-chapter, eee:macchp:v2-2417)
• Optimal savings distortions with recursive preferences
  Journal of Monetary Economics, Elsevier (2008)
  by Farhi, Emmanuel & Werning, Iván
  (ReDIF-article, eee:moneco:v:55:y:2008:i:1:p:21-42)
• Tax smoothing with redistribution
  Staff Report, Federal Reserve Bank of Minneapolis (2005)
  by Ivan Werning
  (ReDIF-paper, fip:fedmsr:365)
• Liquidity and insurance for the unemployed
  Staff Report, Federal Reserve Bank of Minneapolis (2005)
  by Robert Shimer & Ivan Werning
  (ReDIF-paper, fip:fedmsr:366)
• Inequality and Social Discounting
  Scholarly Articles, Harvard University Department of Economics (2007)
  by Werning, Ivan & Farhi, Emmanuel
  (ReDIF-paper, hrv:faseco:3451391)
• New Dynamic Public Finance: A User's Guide
  NBER Chapters, National Bureau of Economic Research, Inc (2007)
  by Mikhail Golosov & Aleh Tsyvinski & Iván Werning
  (ReDIF-chapter, nbr:nberch:11181)
• Comment on "Is the Macroeconomy Locally Unstable and Why Should We Care?"
  NBER Chapters, National Bureau of Economic Research, Inc (2016)
  by Iván Werning
  (ReDIF-chapter, nbr:nberch:13774)
• Commitment Vs. Flexibility
  NBER Working Papers, National Bureau of Economic Research, Inc (2003)
  by Manuel Amador & Ivan Werning & George-Marios Angeletos
  (ReDIF-paper, nbr:nberwo:10151)
• Crises and Prices: Information Aggregation, Multiplicity and Volatility
  NBER Working Papers, National Bureau of Economic Research, Inc (2004)
  by George-Marios Angeletos & Ivan Werning
  (ReDIF-paper, nbr:nberwo:11015)
• Inequality, Social Discounting and Estate Taxation
  NBER Working Papers, National Bureau of Economic Research, Inc (2005)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, nbr:nberwo:11408)
• Liquidity and Insurance for the Unemployed
  NBER Working Papers, National Bureau of Economic Research, Inc (2005)
  by Robert Shimer & Ivan Werning
  (ReDIF-paper, nbr:nberwo:11689)
• On the Optimal Timing of Benefits with Heterogeneous Workers and Human Capital Depreciation
  NBER Working Papers, National Bureau of Economic Research, Inc (2006)
  by Robert Shimer & Iván Werning
  (ReDIF-paper, nbr:nberwo:12230)
• Progressive Estate Taxation
  NBER Working Papers, National Bureau of Economic Research, Inc (2006)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, nbr:nberwo:12600)
• Reservation Wages and Unemployment Insurance
  NBER Working Papers, National Bureau of Economic Research, Inc (2006)
  by Robert Shimer & Ivan Werning
  (ReDIF-paper, nbr:nberwo:12618)
• Optimal Savings Distortions with Recursive Preferences
  NBER Working Papers, National Bureau of Economic Research, Inc (2008)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-paper, nbr:nberwo:13720)
• Insurance and Taxation over the Life Cycle
  NBER Working Papers, National Bureau of Economic Research, Inc (2011)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-paper, nbr:nberwo:16749)
• Managing a Liquidity Trap: Monetary and Fiscal Policy
  NBER Working Papers, National Bureau of Economic Research, Inc (2011)
  by Ivan Werning
  (ReDIF-paper, nbr:nberwo:17344)
• A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation
  NBER Working Papers, National Bureau of Economic Research, Inc (2011)
  by Arnaud Costinot & Guido Lorenzoni & Iván Werning
  (ReDIF-paper, nbr:nberwo:17680)
• Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates
  NBER Working Papers, National Bureau of Economic Research, Inc (2012)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, nbr:nberwo:18199)
• Fiscal Unions
  NBER Working Papers, National Bureau of Economic Research, Inc (2012)
  by Ivan Werning & Emmanuel Farhi
  (ReDIF-paper, nbr:nberwo:18280)
• Fiscal Multipliers: Liquidity Traps and Currency Unions
  NBER Working Papers, National Bureau of Economic Research, Inc (2012)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-paper, nbr:nberwo:18381)
• Estate Taxation with Altruism Heterogeneity
  NBER Working Papers, National Bureau of Economic Research, Inc (2013)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-paper, nbr:nberwo:18792)
• Slow Moving Debt Crises
  NBER Working Papers, National Bureau of Economic Research, Inc (2013)
  by Guido Lorenzoni & Ivan Werning
  (ReDIF-paper, nbr:nberwo:19228)
• A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
  NBER Working Papers, National Bureau of Economic Research, Inc (2013)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-paper, nbr:nberwo:19313)
• Comparative Advantage and Optimal Trade Policy
  NBER Working Papers, National Bureau of Economic Research, Inc (2013)
  by Arnaud Costinot & Dave Donaldson & Jonathan Vogel & Ivan Werning
  (ReDIF-paper, nbr:nberwo:19689)
• Labor Mobility Within Currency Unions
  NBER Working Papers, National Bureau of Economic Research, Inc (2014)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-paper, nbr:nberwo:20105)
• Positive Long Run Capital Taxation: Chamley-Judd Revisited
  NBER Working Papers, National Bureau of Economic Research, Inc (2014)
  by Ludwig Straub & Iván Werning
  (ReDIF-paper, nbr:nberwo:20441)
• The Taxation of Superstars
  NBER Working Papers, National Bureau of Economic Research, Inc (2015)
  by Florian Scheuer & Iván Werning
  (ReDIF-paper, nbr:nberwo:21323)
• Incomplete Markets and Aggregate Demand
  NBER Working Papers, National Bureau of Economic Research, Inc (2015)
  by Iván Werning
  (ReDIF-paper, nbr:nberwo:21448)
• Efficiency and Information Transmission in Bilateral Trading
  NBER Working Papers, National Bureau of Economic Research, Inc (2015)
  by Robert Shimer & Iván Werning
  (ReDIF-paper, nbr:nberwo:21495)
• Micro to Macro: Optimal Trade Policy with Firm Heterogeneity
  NBER Working Papers, National Bureau of Economic Research, Inc (2016)
  by Arnaud Costinot & Andrés Rodríguez-Clare & Iván Werning
  (ReDIF-paper, nbr:nberwo:21989)
• Dynamic Savings Choices with Disagreements
  NBER Working Papers, National Bureau of Economic Research, Inc (2016)
  by Dan Cao & Iván Werning
  (ReDIF-paper, nbr:nberwo:22007)
• Mirrlees meets Diamond-Mirrlees
  NBER Working Papers, National Bureau of Economic Research, Inc (2016)
  by Florian Scheuer & Iván Werning
  (ReDIF-paper, nbr:nberwo:22076)
• Take the Short Route: Equilibrium Default and Debt Maturity
  NBER Working Papers, National Bureau of Economic Research, Inc (2016)
  by Mark Aguiar & Manuel Amador & Hugo Hopenhayn & Iván Werning
  (ReDIF-paper, nbr:nberwo:22847)
• Monetary Policy, Bounded Rationality, and Incomplete Markets
  NBER Working Papers, National Bureau of Economic Research, Inc (2017)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-paper, nbr:nberwo:23281)
• The Lerner Symmetry Theorem: Generalizations and Qualifications
  NBER Working Papers, National Bureau of Economic Research, Inc (2017)
  by Arnaud Costinot & Iván Werning
  (ReDIF-paper, nbr:nberwo:23427)
• Saving and Dissaving with Hyperbolic Discounting
  NBER Working Papers, National Bureau of Economic Research, Inc (2018)
  by Dan Cao & Iván Werning
  (ReDIF-paper, nbr:nberwo:24257)
• Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation
  NBER Working Papers, National Bureau of Economic Research, Inc (2018)
  by Arnaud Costinot & Iván Werning
  (ReDIF-paper, nbr:nberwo:25103)
• Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by Veronica Guerrieri & Guido Lorenzoni & Ludwig Straub & Iván Werning
  (ReDIF-paper, nbr:nberwo:26918)
• Optimal Targeted Lockdowns in a Multi-Group SIR Model
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by Daron Acemoglu & Victor Chernozhukov & Iván Werning & Michael D. Whinston
  (ReDIF-paper, nbr:nberwo:27102)
• Dynamic Oligopoly and Price Stickiness
  NBER Working Papers, National Bureau of Economic Research, Inc (2020)
  by Olivier Wang & Iván Werning
  (ReDIF-paper, nbr:nberwo:27536)
• A Minimalist Model for the Ruble During the Russian Invasion of Ukraine
  NBER Working Papers, National Bureau of Economic Research, Inc (2022)
  by Guido Lorenzoni & Iván Werning
  (ReDIF-paper, nbr:nberwo:29929)
• Price Theory for Incomplete Markets
  NBER Working Papers, National Bureau of Economic Research, Inc (2022)
  by Emmanuel Farhi & Alan Olivi & Iván Werning
  (ReDIF-paper, nbr:nberwo:30037)
• Expectations and the Rate of Inflation
  NBER Working Papers, National Bureau of Economic Research, Inc (2022)
  by Iván Werning
  (ReDIF-paper, nbr:nberwo:30260)
• Inflation is Conflict
  NBER Working Papers, National Bureau of Economic Research, Inc (2023)
  by Guido Lorenzoni & Iván Werning
  (ReDIF-paper, nbr:nberwo:31099)
• Dollarization Dynamics
  NBER Working Papers, National Bureau of Economic Research, Inc (2023)
  by Tomás E. Caravello & Pedro Martinez-Bruera & Iván Werning
  (ReDIF-paper, nbr:nberwo:31296)
• Chronicle of a Dollarization Foretold: Inflation and Exchange Rates Dynamics
  NBER Working Papers, National Bureau of Economic Research, Inc (2023)
  by Tomás E. Caravello & Pedro Martinez-Bruera & Iván Werning
  (ReDIF-paper, nbr:nberwo:31763)
• How Tariffs Affect Trade Deficits
  NBER Working Papers, National Bureau of Economic Research, Inc (2025)
  by Arnaud Costinot & Iván Werning
  (ReDIF-paper, nbr:nberwo:33709)
• Reservation Wages and Unemployment Insurance
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2007)
  by Robert Shimer & Iván Werning
  (ReDIF-article, oup:qjecon:v:122:y:2007:i:3:p:1145-1185.)
• Optimal Fiscal Policy with Redistribution
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2007)
  by Iván Werning
  (ReDIF-article, oup:qjecon:v:122:y:2007:i:3:p:925-967.)
• Progressive Estate Taxation
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2010)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-article, oup:qjecon:v:125:y:2010:i:2:p:635-673.)
• Comparative Advantage and Optimal Trade Policy
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2015)
  by Arnaud Costinot & Dave Donaldson & Jonathan Vogel & Iván Werning
  (ReDIF-article, oup:qjecon:v:130:y:2015:i:2:p:659-702)
• The Taxation of Superstars
  The Quarterly Journal of Economics, President and Fellows of Harvard College (2017)
  by Florian Scheuer & Iván Werning
  (ReDIF-article, oup:qjecon:v:132:y:2017:i:1:p:211-270.)
• Non-linear Capital Taxation Without Commitment
  The Review of Economic Studies, Review of Economic Studies Ltd (2012)
  by Emmanuel Farhi & Christopher Sleet & Iván Werning & Sevin Yeltekin
  (ReDIF-article, oup:restud:v:79:y:2012:i:4:p:1469-1493)
• Dilemma not Trilemma? Capital Controls and Exchange Rates with Volatile Capital Flows
  Working Paper, Harvard University OpenScholar ()
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:133566)
• Labor Mobility Within Currency Unions
  Working Paper, Harvard University OpenScholar (2014)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:165206)
• Bequest Taxation and R-G
  Working Paper, Harvard University OpenScholar (2014)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:175926)
• Fiscal Unions
  Working Paper, Harvard University OpenScholar (2017)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:198816)
• Inequality and Social Discounting
  Working Paper, Harvard University OpenScholar ()
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:20937)
• Monetary Policy, Bounded Rationality, and Incomplete Markets
  Working Paper, Harvard University OpenScholar (2017)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:503421)
• Fiscal Unions
  Working Paper, Harvard University OpenScholar (2014)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:70961)
• Estate Taxation with Altruism Heterogeneity
  Working Paper, Harvard University OpenScholar ()
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:71016)
• Fiscal Multipliers: Liquidity Traps and Currency Unions
  Working Paper, Harvard University OpenScholar ()
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:78556)
• A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
  Working Paper, Harvard University OpenScholar ()
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, qsh:wpaper:95131)
• Efficiency and information transmission in bilateral trading
  Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2019)
  by Robert Shimer & Ivan Werning
  (ReDIF-article, red:issued:18-279)
• Commitment vs. Flexibility
  2004 Meeting Papers, Society for Economic Dynamics (2004)
  by Manuel Amador & George-Marios Angeletos & Ivan Werning
  (ReDIF-paper, red:sed004:87)
• Crises and Prices: Information Aggregation, Multiplicity and Volatility
  2005 Meeting Papers, Society for Economic Dynamics (2005)
  by Ivan Werning & George-Marios Angeletos
  (ReDIF-paper, red:sed005:284)
• Inequality, Social Discounting and Estate Taxation
  2005 Meeting Papers, Society for Economic Dynamics (2005)
  by Ivan Werning & Emmanuel Farhi
  (ReDIF-paper, red:sed005:358)
• Capital Taxation
  2006 Meeting Papers, Society for Economic Dynamics (2006)
  by Emannauel Farhi & Ivan Werning
  (ReDIF-paper, red:sed006:455)
• A Positive Theory of Capital Taxation
  2008 Meeting Papers, Society for Economic Dynamics (2008)
  by Ivan Werning & Emmanuel Farhi
  (ReDIF-paper, red:sed008:1104)
• Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
  2009 Meeting Papers, Society for Economic Dynamics (2009)
  by Ivan Werning & Emmanuel Farhi
  (ReDIF-paper, red:sed009:1262)
• Insurance and Taxation over the Life Cycle
  2010 Meeting Papers, Society for Economic Dynamics (2010)
  by Ivan Werning & Emmanuel Farhi
  (ReDIF-paper, red:sed010:909)
• Managing a Liquidity Trap: Monetary and Fiscal Policy
  2011 Meeting Papers, Society for Economic Dynamics (2011)
  by Ivan Werning
  (ReDIF-paper, red:sed011:1435)
• Government Saving with Limited Commitment
  2012 Meeting Papers, Society for Economic Dynamics (2012)
  by Ivan Werning & Dan Cao
  (ReDIF-paper, red:sed012:110)
• Labor Mobility in Currency Unions
  2014 Meeting Papers, Society for Economic Dynamics (2014)
  by Ivan Werning & Emmanuel Farhi
  (ReDIF-paper, red:sed014:75)
• Equilibrium Default
  2015 Meeting Papers, Society for Economic Dynamics (2015)
  by Manuel Amador & Ivan Werning & Hugo A. Hopenhayn & Mark Aguiar
  (ReDIF-paper, red:sed015:1539)
• Taxing Superstars
  2015 Meeting Papers, Society for Economic Dynamics (2015)
  by Ivan Werning & Florian Scheuer
  (ReDIF-paper, red:sed015:373)
• Incomplete Markets and Aggregate Demand
  2016 Meeting Papers, Society for Economic Dynamics (2016)
  by Ivan Werning
  (ReDIF-paper, red:sed016:932)
• Saving and Dissaving with Hyperbolic Discounting
  2017 Meeting Papers, Society for Economic Dynamics (2017)
  by Ivan Werning & Dan Cao
  (ReDIF-paper, red:sed017:1318)
• Dynamic Oligopoly and Price Stickiness
  2018 Meeting Papers, Society for Economic Dynamics (2018)
  by Ivan Werning
  (ReDIF-paper, red:sed018:1029)
• Monetay Policy, Bounded Rationality, and Incomplete Markets
  2018 Meeting Papers, Society for Economic Dynamics (2018)
  by Emmanuel Farhi & Ivan Werning
  (ReDIF-paper, red:sed018:768)
• Optimal Wealth Taxation: Redistribution and Political Economy
  Annual Meeting Plenary, Society for Economic Dynamics (2014)
  by Ivan Werning
  (ReDIF-paper, red:sedpln:2014-2)
• Capital Taxation: Quantitative Explorations of the Inverse Euler Equation
  Journal of Political Economy, University of Chicago Press (2012)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-article, ucp:jpolec:doi:10.1086/666747)
• Comment on "Rotten Kids, Purity, and Perfection"
  Journal of Political Economy, University of Chicago Press (2002)
  by Pierre-Andre Chiappori & Ivan Werning
  (ReDIF-article, ucp:jpolec:v:110:y:2002:i:2:p:475-504)
• The Equilibrium Distribution of Income and the Market for Status
  Journal of Political Economy, University of Chicago Press (2005)
  by Gary S. Becker & Kevin M. Murphy & Ivan Werning
  (ReDIF-article, ucp:jpolec:v:113:y:2005:i:2:p:282-310)
• Inequality and Social Discounting
  Journal of Political Economy, University of Chicago Press (2007)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-article, ucp:jpolec:v:115:y:2007:p:365-402)
• On the Optimality of the Friedman Rule with Heterogeneous Agents and Nonlinear Income Taxation
  Journal of Political Economy, University of Chicago Press (2008)
  by Carlos E. da Costa & Iván Werning
  (ReDIF-article, ucp:jpolec:v:116:y:2008:i:1:p:82-112)
• Comment
  NBER Macroeconomics Annual, University of Chicago Press (2017)
  by Iván Werning
  (ReDIF-article, ucp:macann:doi:10.1086/690257)
• A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
  Econometrica, Econometric Society (2016)
  by Emmanuel Farhi & Iván Werning
  (ReDIF-article, wly:emetrp:v:84:y:2016:i::p:1645-1704)
• Saving and Dissaving With Hyperbolic Discounting
  Econometrica, Econometric Society (2018)
  by Dan Cao & Iván Werning
  (ReDIF-article, wly:emetrp:v:86:y:2018:i:3:p:805-857)
• Take the Short Route: Equilibrium Default and Debt Maturity
  Econometrica, Econometric Society (2019)
  by Mark Aguiar & Manuel Amador & Hugo Hopenhayn & Iván Werning
  (ReDIF-article, wly:emetrp:v:87:y:2019:i:2:p:423-462)