MIT Dept. of Economics Working Papers Series: Recent submissions

Now showing items 31-33 of 1293

    • Systemic Risk and Stability in Financial Networks 

      Acemoglu, Daron; Ozdaglar, Asuman; Tahbaz-Salehi, Alireza (Cambridge, MA: Department of Economics, massachusetts Institute of Technology, 2011-12-15)
      We provide a framework for studying the relationship between the financial network architecture and the likelihood of systemic failures due to contagion of counterparty risk. We show that financial contagion exhibits a ...

    • Chiefs: Elite Control of Civil Society and Economic Development in Sierra Leone 

      Acemoglu, Daron; Reed, Tristan; Robinson, James (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2012-12-29)
      The lowest level of government in sub-Saharan Africa is often a cadre of chiefs who raise taxes, control the judicial system and allocate the most important scarce resource - land. Chiefs, empowered by colonial indirect ...

    • Optimal Public Debt Management and Liquidity Provision 

      Angeletos, George-Marios; Collard, Fabrice; Dellas, Harris; Diba, Behzad (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2013-02-05)
      We study the Ramsey policy problem in an economy in which firms face a collateral constraint. Issuing more public debt alleviates this friction by increasing the aggregate quantity of collateral. In so doing, however, the ...