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Research Interests
My research interests include industrial organization, dynamic contract theory, and political economy. In particular, I study dynamic principal-agent problems with moral hazard, focusing on situations in which the unobserved actions of the agent have a persistent effect in time. I have applied some of my findings to the design of optimal CEO compensation.
Professional Experience
Arantxa Jarque joined the Research Department as an economist in September 2009 after spending a year teaching economics at the Universidad Carlos III de Madrid in Spain. Jarque had been a visiting economist at the Richmond Fed from 2007 to 2008. Previously, she was an assistant professor of economics at Universidad de Alicante in Spain.
Education
Ph.D., University of Rochester, 2005
M.A., University of Rochester, 2001
B.A., Universitat Pompeu Fabra (Spain), 1998
"Repeated Moral Hazard with Effort Persistence." Journal of Economic Theory 145, no. 6 (November 2010): 2412-2423.
"Unobservable Persistent Productivity and Long Term Contracts." (with Hugo Hopenhayn). Review of Economic Dynamics 13, no. 2 (April 2010): 333-349.
| Issue | Title | Author(s) |
|---|---|---|
| Fourth Quarter 2010 | Hidden Effort, Learning by Doing, and Wage Dynamics |
Arantxa Jarque
|
| Summer 2008 | CEO Compensation: Trends, Market Changes, and Regulation |
Arantxa Jarque
|
| Paper | Title | Author(s) |
|---|---|---|
| 13-03 March 2013 |
Banker Compensation and Bank Risk Taking: The Organizational Economics View |
Arantxa Jarque
Edward S. Prescott |
| 10-16 October 2010 |
Optimal Bonuses and Deferred Pay for Bank Employees: Implications of Hidden Actions with Persistent Effects in Time |
Arantxa Jarque
Edward S. Prescott |
| 08-4 July 2008 |
Repeated Moral Hazard with Effort Persistence |
Arantxa Jarque
|
| 07-7 December 2007 |
Moral Hazard and Persistence | Hugo Hopenhayn Arantxa Jarque |
"Providing Incentives for Mortgage Originators" (with Edward S. Prescott).
"The Complexity of CEO Compensation: Incentives and Learning."
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Richmond
Arantxa Jarque
(804) 697-8337
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