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Lessons from the Great Financial Crisis in Perspective
In Y. Casis and J. J. van Helten (eds.), The Legacy of the Global Financial Crisis. Bloomsbury, 2021, Chapter 4, 65-86.

The Fiscal Theory of Money as an Unorthodox Financial Theory of the Firm
In A. Leijonhufvud (ed.), Monetary Theory as a Basis for Monetary Policy, Palgrave Macmillan, New York, 2021, 72-95.

Short Bio

Ramon Marimon is Professor Emeritus of Economics at the European University Institute
(EUI), Emeritus Research Professor at the Barcelona School of Economics (BSE), and
Research Associate at the CREI. Fellow of the Econometric Society and the European
Economic Association and Research Fellow of CEPR and NBER. He has been Professor of
Economics at the Pompeu Fabra University (1990 – 2024), Professor of Economics and
Pierre Werner Chair at the European University Institute, Assistant and Associate
Professor at the University of Minnesota. He holds a PhD from Northwestern University
(1984). President of the Board of Trustees of the Barcelona School of Economics (2011-
2018), President of the Society for Economic Dynamics (2012-2015) and of the Spanish
Economic Association (2004), Director of the Max Weber Programme at the EUI (2006-
2013). Director of more than thirty PhD theses (UofM, UPF and EUI). He was co-founder
of the UPF and dean and professor of Economics and Business (1990 – 1992), and founder
and acting director of the CREI (1994). He was Secretary of State for Science and
Technology of Spain (2000-2002; creator of the Ramón y Cajal Postdoctoral Programme,
among other initiatives of the Ministry of Science and Technology). Advisor to the
European Commission on scientiZic and technological policies (2002-2009) and to the
European Stability Mechanism (ESM) on debt policies (2022-2024). Member of the CEPR
research network on European Economic Policy (2018-2025). His research interests
include Macroeconomics, Monetary and Fiscal Theory, Contract Theory, Expectations
Theory and Learning in Economics and the Labour Market, with special emphasis on
economic issues of the European Union. He has published in Econometrica, Journal of
Political Economy, The Review of Economic Studies, American Economic Review, Journal
of Monetary Economics, The Journal of the European Economic Association and other
international economic journals; he has also published opinion pieces in El Paıś and
Agenda Pública.

Selected Publications

• “On the Optimal Design of a Financial Stability Fund” (with Á. Ábrahám, E. Cárceles-Poveda and Y. Liu), 2025, The Review of Economic Studies, forthcoming.
• “Making Sovereign Debt Safe with a Financial Stability Fund” (with Y. Liu and A. Wicht), Journal of International Economics, 2023, 145, article 103834.
• “On a Lender of Last Resort with a Central Bank and a Stability Fund” (with G. Callegari, A. Wicht and L. Zavalloni), Review of Economic Dynamics, 2023, 50, 106-130.
• “A Worker’s Backpack as Alternative to the Spanish PAYG Pension System” (with J. Díaz-Saavedra and J. Brogueira de Sousa), Journal of the European Economic Association, 2023, 21(5), 1944-1993.
• “On the Design of a European Unemployment Insurance System” (with Á. Ábrahám, J. Brogueira de Sousa and L. Mayr), European Economic Review, 2023, 156, article 104469.
• “The Envelope Theorem, Euler and Bellman Equations, without Differentiability” (with J. Werner), Journal of Economic Theory, 196, 2021, article 105309.
• “Breaking the Spell with Credit-Easing: Self-Confirming Credit Crises in Competitive Search Economies” (with G. Gaballo), Journal of Monetary Economics, 119, 2021, 1-20.
• “Commitment in Organisations and the Competition for Talent” (with T. Cooley and V. Quadrini), The Review of Economic Studies, 87 (5), 2020, 2165-2204.

Short Bio

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