181:, including the level of compensation of corporate executives, and behaviorally influenced decision making and its influence on asset market behaviour. In some of his work, he has made use of axiom-based models of the shapes of the tails of probability distributions. A hallmark of Professor Gabaix's research style is his propensity to take unexpected directions. He previously held a position as Associate Professor of Economics at the
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to the best
European economist under 40 working in macro-finance for his original research contributions in financial and behavioral economics, including the consequences of seemingly irrational behavior on asset markets, and his analysis of the level of compensation of corporate executives. In 2011,
222:, which says that it does not matter whether a company finances itself with equity or with debt. In inelastic markets, by contrast, a firm that issues debt to buy back its stock will find that it drives up both its own share price and the broader market."
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Gabaix, along with Ralph Koijen, the AQR Capital
Management Distinguished Service Professor of Finance and Fama Faculty Fellow at the University of Chicago, demonstrates that markets are not “elastic”, as textbooks say they should be.
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According to The
Economist, "The paper will surprise the typical economist, who, according to the authors’ surveys, believes that flows do not affect prices. It also threatens associated financial theories. One is the
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was called "the most interesting macroeconomic theory paper in years" by
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MIT School of
Humanities, Arts, and Social Sciences faculty
425:"Premio Lagrange 2012 a Lada Adamici e Xavier Gabaix"
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Gabaix was awarded the
American Finance Association
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241:Prix du meilleur jeune Ă©conomiste de France
203:Answering The Hardest Question In Economics
150:. He holds a B.A. in Mathematics from the
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273:"Paris School of Economics Xavier Gabaix"
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183:Massachusetts Institute of Technology
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293:"International bright young things"
500:Fellows of the Econometric Society
390:"Xavier Gabaix | Bernacer Prize -"
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367:"- American Finance Association"
199:A Behavioral New Keynesian Model
485:École Normale Supérieure alumni
505:21st-century French economists
431:. 28 June 2012. Archived from
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209:Inelastic Markets Hypothesis
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311:"2011 Fischer Black Prize"
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133:(born August 1971) is a
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108:Robert Barro
465:1971 births
249:Lada Adamic
226:Recognition
115:Information
66:Institution
37:Nationality
459:Categories
396:2020-04-04
352:2021-08-13
320:2020-04-04
278:2019-06-30
259:References
255:analysis.
450:NBER Page
347:0013-0613
138:economist
405:cite web
102:Doctoral
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315:PR.com
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135:French
41:French
156:Ph.D.
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411:link
343:ISSN
29:Born
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78:MIT
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