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“The worthwhile
problems are the ones you can really solve or help solving, the ones you can
really contribute something to”. Richard Feynman “There is much
pleasure to be gained from useless knowledge”. Bertrand Russell |
PUBLICATIONS AND
RESEARCH PAPERS
On Ramsey's Conjecture: Efficient Allocations in the Neoclassical
Growth Model with Private Information. Journal of Economic Theory, 121 (2), 2005, pp. 192
–213. PDF Version
(Extended Working Paper Version: IHS Economics Series Nr. 154 - including all the proofs)
Should
Intergovernmental Transfers Provide Insurance to the States? Journal of Institutional and Theoretical Economics, 161 (1), 2005, pp. 103
– 125. PDF Version
Asset Trading Volume in a
Production Economy (with Thomas Hintermaier). Forthcoming, Economic Theory (2007). PDF
Version
Equilibrium Portfolios in the Neoclassical Growth Model. Journal
of Economic Theory, 137 (1), 2007, pp. 673-687. PDF
Version
The Cyclical Behavior of Equity Turnover (with David DeJong,
Efficient Decentralization in the Neoclassical Growth Model. Submitted. PDF Version
The Dynamics of Efficient Asset Trading with Heterogeneous Beliefs (with Pablo Beker,
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“Whenever a
theory appears to you as the only possible one, take this as a sign that you
have neither understood the theory nor the problem which it was intended to
solve”. Karl Popper “If people never did silly things,
nothing intelligent would ever get done”. Ludwig Wittgenstein |
RESEARCH IN
PROGRESS
Endogenous Incomplete Markets and Heterogeneous
Beliefs: Asset Pricing and Trading Implications (with Pablo Beker,
More on
Ramsey’s Conjecture: Does Private Information Really Matter? (with Juan Sanchez,
A
Quantitative Neoclassical Growth Model with Private Information (with Juan Sanchez,
Pareto Optimality and
Recursive Competitive Equilibrium: The Case of Heterogeneous Households with
Recursive Preferences.
Occasionally Binding Collateral Constraints in RBC Models (with Thomas Hintermaier, IHS).
Collateral-Constrained Asset Markets.
MUCH OLDER WORK...
The Bailout Problem:
The Argentine Case”, Working Paper Series, CEDI, March 2001.
On
Efficient Allocations in Economies with Private Information and Incomplete
Degree of Enforceability. Working Paper, 2000. PDF
Version.
Real
Exchange Rate Fundamentals: