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That is a thesis explored by ricardo caballero and emmanuel farhi of the massachusetts institute of technology. Emmanuel farhi (born september 8, 1978) is a french economist who is currently a professor of economics at harvard university his research focuses on. Emmanuel farhi submitted to the department of economics to distribute copies of this thesis document in whole or in part signature of author. Thesis: essays on normative macro-finance chairs: john campbell and emmanuel farhi 2008 universitat pompeu fabra ba in economics, second cycle.
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