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Pierre Yared

Headshot of Pierre Yared, smiling against a tan background
Senior Vice Dean for Faculty Affairs
Dean's Office
Vice Dean, Executive Education
Executive Education
MUTB Professor of International Business
Economics Division
Co-Director
Richard Paul Richman Center for Business, Law, and Public Policy at Columbia University
Areas of Expertise
Asset Management Globalization Labor Markets Macroeconomics Organizations & Markets
Contact
Office: 353 Kravis
Phone: (212) 8549670
E-mail: [email protected]
Links
Personal Website
Curriculum Vitae

Pierre Yared is the MUTB Professor of International Business, Senior Vice Dean for Faculty Affairs, and Vice Dean for Executive Education at Columbia Business School.  His research, which has been published in leading academic journals, focuses on macroeconomic policy and political economy. He is a research associate of the National Bureau of Economic Research and an associate editor of the American Economic Review.  Yared teaches Global Economic Environment, a Core MBA course in macroeconomics for which he received the Dean’s Award for Teaching Excellence. He is a member of the Council on Foreign Relations and the Economic Club of New York. Yared received his AB in Economics from Harvard University and his PhD in Economics from Massachusetts Institute of Technology.

Education
A.B., Economics, Harvard University, 2001; Ph.D., Economics, Massachusetts Institute of Technology, 2007
Joined CBS
2007

All Activities

  • Research
  • Teaching
  • Awards and Honors
  • Press
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Type
Journal Article
Moser, Christian and Pierre Yared
. “Pandemic Lockdown: The Role of Government Commitment.” (Forthcoming).
Read More about Pandemic Lockdown: The Role of Government Commitment
Download PDF on Pandemic Lockdown: The Role of Government Commitment
Type
Journal Article
Halac, Marina and Pierre Yared
. “Fiscal Rules and Discretion under Limited Enforcement.” (September 01, 2022).
Read More about Fiscal Rules and Discretion under Limited Enforcement
Download PDF on Fiscal Rules and Discretion under Limited Enforcement
Type
Journal Article
Debortoli, Davide, Ricardo Nunes, and Pierre Yared
. “The Commitment Benefit of Consols in Government Debt Management.” (June 01, 2022).
Read More about The Commitment Benefit of Consols in Government Debt Management
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Type
Journal Article
Halac, Marina and Pierre Yared
. “Instrument-Based vs. Target-Based Rules.”
Review of Economic Studies
vol.
89
, (January 01, 2022):
312
-
345
.
Read More about Instrument-Based vs. Target-Based Rules
Download PDF on Instrument-Based vs. Target-Based Rules
Type
Journal Article
Debortoli, Davide, Ricardo Nunes, and Pierre Yared
. “Optimal Fiscal Policy without Commitment: Revisiting Lucas-Stokey.”
Journal of Political Economy
vol.
129
, (March 24, 2021):
1640
-
1665
.
Read More about Optimal Fiscal Policy without Commitment: Revisiting Lucas-Stokey
Download PDF on Optimal Fiscal Policy without Commitment: Revisiting Lucas-Stokey
Type
Journal Article
Halac, Marina and Pierre Yared
. “Commitment vs. Flexibility with Costly Verification.”
Journal of Political Economy
vol.
128
, (October 01, 2020):
4523
-
4573
.
Read More about Commitment vs. Flexibility with Costly Verification
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Type
Journal Article
Azzimonti, Marina and Pierre Yared
. “The Optimal Public and Private Provision of Safe Assets.”
Journal of Monetary Economics
vol.
102
, (April 01, 2019):
126
-
144
.
Read More about The Optimal Public and Private Provision of Safe Assets
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Type
Journal Article
Yared, Pierre
. “Rising Government Debt: Causes and Solutions for a Decades-Old Trend.”
Journal of Economic Perspectives
vol.
33
, (January 01, 2019):
115
-
140
.
Read More about Rising Government Debt: Causes and Solutions for a Decades-Old Trend
Download PDF on Rising Government Debt: Causes and Solutions for a Decades-Old Trend
Type
Journal Article
Yared, Pierre
. “Fiscal Rules and Discretion in a World Economy.”
American Economic Review
vol.
108
, (August 01, 2018):
2305
-
2334
.
Read More about Fiscal Rules and Discretion in a World Economy
Download PDF on Fiscal Rules and Discretion in a World Economy
Type
Journal Article
Azzimonti, Marina and Pierre Yared
. “A Note on Optimal Fiscal Policy in an Economy with Private Borrowing Limits.”
Economics Letters
vol.
151
, (February 01, 2017):
62
-
65
.
Read More about A Note on Optimal Fiscal Policy in an Economy with Private Borrowing Limits
Download PDF on A Note on Optimal Fiscal Policy in an Economy with Private Borrowing Limits
Type
Journal Article
Debortoli, Davide, Ricardo Nunes, and Pierre Yared
. “Optimal Time-Consistent Government Debt Maturity.”
The Quarterly Journal of Economics
vol.
132
, (January 01, 2017):
55
-
102
.
Read More about Optimal Time-Consistent Government Debt Maturity
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Type
Journal Article
Meng, Xin, Nancy Qian, and Pierre Yared
. “The Institutional Causes of China's Great Famine, 1959-1961.”
Review of Economic Studies
vol.
82
, (January 01, 2015):
1568
-
1611
.
Read More about The Institutional Causes of China's Great Famine, 1959-1961
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Type
Journal Article
Yared, Pierre
. “Fiscal Rules and Discretion Under Persistent Shocks.”
Econometrica
vol.
82
, (September 01, 2014):
1557
-
1614
.
Read More about Fiscal Rules and Discretion Under Persistent Shocks
Type
Journal Article
Ales, Laurence, Pricila Maziero, and Pierre Yared
. “A Theory of Political and Economic Cycles.”
Journal of Economic Theory
vol.
153
, (January 01, 2014):
224
-
251
.
Read More about A Theory of Political and Economic Cycles
Download PDF on A Theory of Political and Economic Cycles
Type
Journal Article
Yared, Pierre
. “Public Debt under Limited Private Credit.”
Journal of the European Economic Association
vol.
11
, (January 01, 2013):
229
-
245
.
Read More about Public Debt under Limited Private Credit
Download PDF on Public Debt under Limited Private Credit
Type
Journal Article
Padro i Miquel, Gerard and Pierre Yared
. “The Political Economy of Indirect Control.”
The Quarterly Journal of Economics
vol.
127
, (January 01, 2012):
947
-
1015
.
Read More about The Political Economy of Indirect Control
Download PDF on The Political Economy of Indirect Control
Type
Journal Article
Acemoglu, Daron, Michael Golosov, Aleh Tsyvinski, and Pierre Yared
. “A Dynamic Theory of Resource Wars.”
The Quarterly Journal of Economics
vol.
127
, (January 01, 2012):
283
-
331
.
Read More about A Dynamic Theory of Resource Wars
Download PDF on A Dynamic Theory of Resource Wars
Type
Journal Article
Acemoglu, Daron and Pierre Yared
. “Political Limits to Globalization.”
American Economic Review
vol.
100
, (May 01, 2010):
83
-
88
.
Read More about Political Limits to Globalization
Download PDF on Political Limits to Globalization
Type
Journal Article
Yared, Pierre
. “Politicians, Taxes, and Debt.”
Review of Economic Studies
vol.
77
, (April 01, 2010):
806
-
840
.
Read More about Politicians, Taxes, and Debt
Download PDF on Politicians, Taxes, and Debt
Type
Journal Article
Yared, Pierre
. “A Dynamic Theory of War and Peace.”
Journal of Economic Theory
vol.
145
, (January 01, 2010):
1921
-
1950
.
Read More about A Dynamic Theory of War and Peace
Download PDF on A Dynamic Theory of War and Peace
Type
Journal Article
Caballero, Ricardo and Pierre Yared
. “Future Rent-Seeking and Current Public Savings.”
Journal of International Economics
vol.
82
, (January 01, 2010):
124
-
136
.
Read More about Future Rent-Seeking and Current Public Savings
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Type
Journal Article
Acemoglu, Daron, Simon Johnson, James Robinson, and Pierre Yared
. “Reevaluating the Modernization Hypothesis.”
Journal of Monetary Economics
vol.
56
, (January 01, 2009):
1043
-
1058
.
Read More about Reevaluating the Modernization Hypothesis
Download PDF on Reevaluating the Modernization Hypothesis
Type
Journal Article
Acemoglu, Daron, Simon Johnson, James Robinson, and Pierre Yared
. “Income and Democracy.”
American Economic Review
vol.
98
, (June 01, 2008):
808
-
42
.
Read More about Income and Democracy
Download PDF on Income and Democracy
Type
Journal Article
Acemoglu, Daron, Simon Johnson, James Robinson, and Pierre Yared
. “From Education to Democracy?”
American Economic Review
vol.
95
, (January 01, 2005):
44
-
49
.
Read More about From Education to Democracy?
Download PDF on From Education to Democracy?
Type
Working Paper
Schreger, Jesse, Pierre Yared, and Emilio Emilio Zaratiegui
. Central Bank Credibility and Fiscal Responsibility. May 07, 2023.
Read More about Central Bank Credibility and Fiscal Responsibility
Download PDF on Central Bank Credibility and Fiscal Responsibility
Type
Working Paper
Afrouzi, Hassan, Marina Halac, Kenneth Rogoff, and Pierre Yared
. Monetary Policy without Commitment. April 26, 2023.
Read More about Monetary Policy without Commitment
Type
Working Paper
Halac, Marina and Pierre Yared
. A Theory of Fiscal Responsibility and Irresponsibility. April 25, 2023.
Read More about A Theory of Fiscal Responsibility and Irresponsibility
Download PDF on A Theory of Fiscal Responsibility and Irresponsibility
Type
Book
Yared, Pierre and Nicolas Vincent
. Intermediate Macroeconomics. 
New York
:
Pearson
, 2021.
Read More about Intermediate Macroeconomics
Type
Chapter
Halac, Marina and Pierre Yared
. “Inflation Targeting under Political Pressure.” In
Independence, Credibility, and Communication of Central Banking
, edited by
Ernesto Pastén and Ricardo Reis
,
Chile
:
Central Bank of Chile
, 2020.
Read More about Inflation Targeting under Political Pressure
Download PDF on Inflation Targeting under Political Pressure
  • Courses
  • Case Studies
Type
Course
B8225: The Future of the Global Economy
View Course on The Future of the Global Economy
  • Awards & Honors
  • In the Media
  • Ideas
  • Research In Brief
  • Press Releases
Type
In the Media

Coursera vs. 2U/edX? Noodle Joins the Fray

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