Emmanuel Farhi

Early life and education Emmanuel Farhi was born in Paris in 1978, the son of André Farhi, a development economist who escaped Egypt, and Danièle Debordeaux, a specialist in social policy. Emmanuel mentioned that he was a descendent of Haim Farhi, who was a highly influential Damascene Jew in the late 18th and early 19th centuries. He attended the Lycée Louis-le-Grand, where, in 1995, he won the concours général in physics, and completed his classes préparatoires in mathematics. In 1997, he ranked first on the national competitive exam for entry to the École Polytechnique. He chose instead to attend the École Normale Supérieure, where he specialised in mathematics and received his agrégation in 1999, ranking second. At the ENS, he took classes from Fields Medalist Cédric Villani, and received a Master of Science degree in mathematics and economics in 2001. a measure introduced by French President Nicolas Sarkozy and repealed by his successor François Hollande only to reemerge under a different form: the "Competitiveness Pact". Farhi’s work cast a spotlight on a range of issues, including monetary economics, public finance, international economics, global imbalances, fiscal policy, and taxation. He also focused on issues like mitigating the impacts of economic crises and macroprudential regulation, a system used to describe the laws, rules, and conditions for banks and financial organizations that are meant to protect the whole financial system from risk.

In September 2014, the IMF published a list of 25 “economists under 45 [who] will have the most influence in the coming decades on our understanding of the global economy”. Farhi was one of the 7 French economists listed for his work on "monetary economics, international economics, finance and public finance, including research on global imbalances, monetary and fiscal policy, and taxation."

Farhi frequently co-authored academic papers with Iván Werning, David Baqaee, Xavier Gabaix, and Jean Tirole.

Selected publications Farhi authored and published many academic articles and a book. Reforming the International Monetary System "Speculative Growth: Hints from the US Economy" (en coll.), American Economic Review, vol. 96, n° 4, September 2006. "Saving and Investing for Early Retirement: A Theoretical Analysis" (en coll.), Journal of Financial Economics, vol. 83, n° 1, 2007. "An Equilibrium Model of Global Imbalances and Low Interest Rates" (en coll.), American Economic Review, 2008. "A Theory of Liquidity and Regulation of Financial Intermediation" (en coll.), Review of Economic Studies, 2009. "Progressive Estate Taxation" (en coll.), Quarterly Journal of Economics, 2010. "Nonlinear Capital Taxation without Commitment" (with Christopher Sleet, Iván Werning, and Sevin Yeltekin) Review of Economic Studies, October 2012, 79, no. 4: 1469–1493.