Documents de recerca

Documents de recerca 138 registres trobats  anterior11 - 20següentfinal  anar al registre: La cerca s'ha fet en 0.04 segons. 
11.
15 p, 222.6 KB All's well that ends well? Crisis policy after the German Constitutional Court's ruling in Gauweiler / Steinbach, Armin ; Barcelona Graduate School of Economics
Crisis policy of the ECB has been controversial on the judicial stage between the Court of Justice of the EU (CJEU) and the German Constitutional Court (FCC). While the controversy appears to be settled at this stage following the FCC's judgment in June 2016, disagreement between the courts persists in two regards. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 135)  
12.
30 p, 329.0 KB A fiscal union for the EMU? / Leino, Päivi ; Saarenheimo, Tuomas
The dominant narrative presents the Economic and Monetary Union as an incomplete structure which, to operate stably, needs to be supplemented by a deeper fiscal integration. We study the general features of the recent proposals for a fiscal stabilisation mechanism, intended to smooth the effects of asymmetric shocks on Member States, from a multi-disciplinary viewpoint, combining economic, legal and political analyses. [...]
Barcelona Graduate School of Economics 2018  
13.
16 p, 268.6 KB A European finance minister : form follows function, but is it legal? A legal analysis of the European Commission's proposal to create a European Minister of Economy and Finance / Patrin, Maria
In December 2017, the European Commission presented a communication on the creation of a European Minister of Economy and Finance, proposing to merge the functions of the European Commissioner in charge of economic and monetary policy with the position of the Eurogroup's President. [...]
Barcelona Graduate School of Economics 2018  
14.
40 p, 1.2 MB Competences and alignment in an emerging future after L-Bank : how the Eurosystem and the Single Supervisory Mechanism may develop / Smits, René
Starting with a discussion of a recent court judgment on the prudential supervisory powers of the European Central bank (ECB), the L-Bank judgment of 16 May 2017 in Case T-122/15 (currently under appeal: Case C-450/17 P), this paper explores the development of the Single Supervisory Mechanism (SSM) and of the Eurosystem, as two formations of the ECB acting together with national authorities. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 77)  
15.
61 p, 788.1 KB On the design of a European unemployment insurance system / Ábrahám, Árpád ; Brogueira de Sousa, João ; Marimon, Ramon ; Mayr, Lukas
We assess the benefits of a potential European Unemployment Insurance System (EUIS) using a multi-country dynamic general equilibrium model with labour market frictions. Our calibration provides a novel diagnosis of the European labour markets, revealing the key parameters - in particular, job-separation and job-finding rates - that explain their different performance in terms of unemployment (or employment) and its persistence. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 106)  
16.
42 p, 604.9 KB Leverage bounds with default and asymmetric information / Bohácek, Radim
This paper analyzes productivity and welfare losses from capital misallocation in a general equilibrium model of occupational choice and financial intermediation. It studies the effects of risk sharing with default and imperfect monitoring on the optimal allocation of resources and derives endogenous leverage bounds. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 60)  
17.
40 p, 579.3 KB The effect of firm cash holding on monetary policy / Adão, Bernardino ; Silva, André C.
Firm cash holdings increased substantially from 1980 to 2013. The overall distribution of firm cash holdings changed in the same period. We study the implications of these changes for monetary policy. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2015 (Ademu Working Papers Series ; 11)  
18.
29 p, 530.6 KB Optimal government policies in models with heterogeneous agents / Bohácek, Radim ; Kejak, Michal
In this paper we develop a new approach for funding optimal government policies in economies with heterogeneous agents. Using the calculus of variations, we present three classes of equilibrium conditions from government's and individual agent's optimization problems: 1) the first order conditions: the government's Lagrange-Euler equation and the individual agent's Euler equation; 2) the stationarity condition on the distribution function; and, 3) the aggregate market clearing conditions. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 130)  
19.
41 p, 442.3 KB Which ladder to climb? : wages of workers by job, plant, and education / Bayer, Christian ; Kuhn, Moritz
How much does your wage depend on what you learned, for whom you work, or what job you do? Using largely unexplored administrative data from Germany allows us to relate 80% of wage variation to observable characteristics of jobs, firms, and workers. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 129)  
20.
45 p, 963.0 KB The maturity structure of sovereign debts within a solidarity zone / Soyres, Constance de
This paper characterizes the optimal bailout maturity structure for a sovereign on the verge of a default. I find that buying back long-term debt is strictly optimal when it can prevent a default today and in the future. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 127)  

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