A
Andrei Shleifer
Researcher at Harvard University
Publications - 519
Citations - 286543
Andrei Shleifer is an academic researcher from Harvard University. The author has contributed to research in topics: Government & Shareholder. The author has an hindex of 171, co-authored 514 publications receiving 271880 citations. Previous affiliations of Andrei Shleifer include National Bureau of Economic Research & University of Chicago.
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Does Competition Destroy Ethical Behavior
TL;DR: This article argued that competition might be good for ethical behavior in the long run, because it promotes growth and raises incomes, and higher incomes raise the willingness to pay for ethical behaviour, but may also change what people believe to be ethical for the better.
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Management Buyouts as a Response to Market Pressure
Andrei Shleifer,Robert W. Vishny +1 more
Journal ArticleDOI
Asset Fire Sales and Credit Easing
Andrei Shleifer,Robert W. Vishny +1 more
TL;DR: In a January 2009 lecture on the financial crisis, Federal Reserve Chairman Bernanke advocated a new Fed policy of credit easing, defined as a combination of lending to financial institutions, providing liquidity directly to key credit markets, and buying of long term securities.
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Investment Hangover and the Great Recession
TL;DR: In this article, the authors present a model of investment hangover motivated by the Great Recession, where over-building of durable capital such as housing requires a reallocation of productive resources to other sectors, which is facilitated by a reduction in the interest rate.
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Neglected Risks, Financial Innovation, and Financial Fragility
TL;DR: In this article, the authors present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that investors seek, but modify two assumptions: first, investors neglect certain unlikely risks.