![]() “How we’re going to do that without Emmanuel, I don't know,” he said. While the goals of the project remain vital, pushing forward without Farhi will be near impossible, Stock said. “He really cared about the toll that this was taking on real people and doing the best we could to help make our small contribution towards solving these crises,” Stock said. Mina to create a model that merges macroeconomics and epidemiological considerations. Stock, and Harvard School of Public Health professor Michael J. In a paper completed last week, he had worked with his former student and UCLA economist David R. Since much of Farhi’s work centered around analyzing the effects of economic shocks, the COVID-19 pandemic presented an opportunity for him to apply his theories to helping the public. “His work, which will continue to be relevant in the post-Covid economy, had a sole purpose: contributing to the common good and improving our economic policies.” “He did so by analyzing the conditions of its validity and its limits, never falling into the trap of thought-hindering prior beliefs,” Tirole wrote, according to a translation which his office provided to The Crimson. In an obituary in Le Monde, Nobel Prize-winning economist Jean Tirole, who worked with Farhi since he was a doctoral student, wrote that Farhi published papers that “transformed Keynesian macroeconomics.” “That is what we have lost with Emmanuel’s passing.” “Imagine the loss to economics if Samuelson had died at the age of 41,” Gopinath wrote. “A rare genius who wielded the power of economic theory to tackle difficult issues of our time and create solutions to make the world a better place,” she wrote in an email. He also produced groundbreaking work on government regulation when interest rates are low and macroprudential regulation.Įconomics professor Gita Gopinath, who is on leave while serving as chief economist of the International Monetary Fund, called Farhi the “Samuelson of our generation,” referring to the 20th century economist who reshaped the field. He was one of the world’s leading experts in safe asset scarcity - a shortage of assets that maintain face value during crises, such as a global recession or pandemic. Farhi’s most recent CV lists 14 working papers and 42 publications in the last 15 years, most in leading economics journals. “We’ve got a lot of smart people in the department, but he stood out,” Stein said.įarhi had such an “enormous work ethic” that the areas in which he left his mark are “overwhelming,” Stein said. Stein said Farhi was touted as a star when the department hired him, growing into the “leading macroeconomist of his generation.” “He was a man of action, for whom research only made sense when put in the service of the progress of all.” “Farhi was not only a man of ideas,” the palace said. In a statement upon his death, the Elyseé, France’s presidential palace, said Farhi “could have one day won the Nobel Prize.” He won the 2009 Bernacer Prize for the best European economist under the age of 40, the 2011 Malinvaud Prize from the French Economic Association, and was named one of the top 25 Economists under 45 by the International Monetary Fund in 2014. ![]() ![]() He recently agreed to serve on a commission of economic experts to French President Emmanuel Macron. He earned tenure in 2010, three years faster than most faculty.įarhi retained ties to his native France, serving on the Council of Economic Analysis to French Prime Minister François Fillon from 2010 to 2012 and as a fellow at the Toulouse School of Economics. from MIT in 2006.įarhi joined the Harvard faculty as an assistant professor the same year. He graduated from a highly prestigious program training the next generation of French technocrats in France in 2005, as well earning a Ph.D. He ultimately chose to attend the École normale supérieure, another top graduate school. He won the Concours général, the top academic competition in France, in the subject at age 16, and placed first on the national entry exam to one of the country’s top engineering schools. Just last month, Farhi worked to help governments recover their economies during the coronavirus pandemic.įarhi died unexpectedly on July 23 at the age of 41.īorn in 1978 in Paris, Farhi nearly brought his talents to a different field - physics. He instead struck his friends and colleagues with his kindness, humility, and unflinching dedication to public service. Hailed by the French government and several of his peers as one of the best economists of his generation, Harvard economics professor Emmanuel Farhi never let his talent go to his head.
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