Emmanuel Farhi facts for kids

Emmanuel Farhi (born September 8, 1978 – died July 23, 2020) was a smart French economist. He was also a professor at Harvard University. His work mainly looked at big-picture economics, taxes, and money. He helped advise the French Prime Minister from 2010 to 2012. He passed away at the age of 41.

Learning and School

Emmanuel Farhi grew up in Paris, France. His father was also an economist. When he was 16, he won a big award in Physics called the Concours général. This award is for the best students in France. He then studied advanced Mathematics.

In 1997, he ranked first on the national exam for a top engineering school, École Polytechnique. But he chose to go to another famous French school, École Normale Supérieure. There, he focused on Mathematics and earned a high-level degree. In 2001, he joined a special group called the Corps des mines. This group trains top engineers for public service.

He finished his studies at the Massachusetts Institute of Technology (MIT) in the United States. He earned his Ph.D. in 2006. That same year, he started teaching at Harvard University. Just four years later, he became a full professor. This is a big achievement in the academic world.

His Work as an Economist

Emmanuel Farhi started working at Harvard in 2006. He became a full professor in 2010. He was known as one of the best economists of his time. His research focused on macroeconomics, which studies how whole economies work. He also studied finance, which is about money management.

He was especially interested in making sure financial systems were stable. He also worked on how to improve the global money system. From 2010 to 2012, he was an economic adviser to the French Prime Minister, François Fillon. In 2014, the IMF named him one of the top 25 economists under 45.

Farhi's work helped solve real-world problems. For example, he looked at rules for banks to prevent big financial problems. This is called macroprudential regulation. He also studied how to lessen the effects of economic crises. And he explored how government tax policies work.

He even looked at a special tax in France called the "Social VAT." This tax was started by President Nicolas Sarkozy. It was later removed by Francois Hollande, but then came back in a different way. Farhi's research covered many areas. These included how money works, government spending, international trade, and taxes.

Emmanuel Farhi received several important awards for his work:

• 2009 Bernácer Prize for the best European economist under 40.
• 2011 Malinvaud Prize.
• 2013 Best Young Economist prize from the Cercle des économistes.
• 2013 Banque de France and Toulouse School of Economics (BDF-TSE) Award. This award was for his work in money and finance.

In 2014, the IMF listed him as a top economist. They said he would greatly influence how we understand the global economy. They noted his work on money, international economics, finance, and public spending. This included research on global money differences, government policies, and taxes.

Farhi often worked with other famous economists. Some of them were Ivan Werning, David Baqaee, Xavier Gabaix, and Jean Tirole. He wrote many academic papers and a book called Reforming the International Monetary System.

Selected Publications

Emmanuel Farhi wrote many academic articles and one book. His book was titled Reforming the International Monetary System.