Research literature

Research literature 113 records found  beginprevious103 - 112next  jump to record: Search took 0.01 seconds. 
103.
41 p, 586.7 KB Sovereign default : the role of expectations / Ayres, João ; Navarro, Gaston ; Nicolini, Juan Pablo ; Teles, Pedro
In the standard model of sovereign default, as in Aguiar and Gopinath (2006) or Arellano (2008), default is driven by fundamentals alone. There is no independent role for expectations. We show that small variations of that model are consistent with multiple interest rate equilibria. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 25)  
104.
37 p, 472.4 KB The case for flexilbe exchange rates in a great recession / Corsetti, Giancarlo ; Kuester, Keith
We analyze macroeconomic stabilization in a small open economy which faces a large recession in the rest of the world. We show analytically that for the economy to remain isolated from the external shock, the exchange rate must depreciate not only to offset the collapse in external demand, but also to decouple domestic prices from the deflation in the rest of the world. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 24)  
105.
50 p, 554.5 KB Collusion constrained equilibrium / Dutta, Rohan ; Levine, David K. ; Modica, Salvatore
We study collusion within groups in non-cooperative games. The primitives are the preferences of the players, their assignment to non-overlapping groups and the goals of the groups. Our notion of collusion is that a group coordinates the play of its members among different incentive compatible plans to best achieve its goals. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 23)  
106.
50 p, 414.8 KB Voter participation with collusive parties / Levine, David K. ; Mattozzi, Andrea
We re-examine the theory of rational voter participation where voting is by two collusive parties enforcing social norms through costly peer punishment. The model nests both the ethical voter model and the pivotal voter model. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 21)  
107.
41 p, 425.5 KB The changing nature of gender selection into employment : Europe over the Great Recession / Dolado, Juan J. ; Garcia-Peñalosa, Cecilia ; Tarasonis, Linas
The aim of this paper is to evaluate the role played by selectivity issues induced by nonemployment in explaining gender wage gap patterns in the EU since the onset of the Great Recession. We show that male selection into the labour market, traditionally/ndisregarded, has increased. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 20)  
108.
31 p, 283.0 KB Capital taxation and globalization / Correia, Isabel
The decline of capital taxation is associated with efficiency gains. We show that, when agents are heterogeneous, equity concerns can change the policy recommendation driven by efficiency. Given the empirical evidence on the roots of heterogeneity inside each country, either in/ndeveloping or developed economies, the elimination of capital taxation would lead always to a decline in inequality and to an increase of welfare of the poorest, in a small open economy acting unilaterally. [...]
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 Paper Series ; 19)  
109.
51 p, 646.6 KB Asymmetric trade liberalizations and current account dynamics / Barattieri, Alessandro
In this paper, I show a strong positive correlation between the value-added share of manufacturing in 2000 and current account balances in 2007 for the Euro area countries. I propose asymmetries in the timing of trade liberalizations as a new mechanism affecting the dynamics of the current account. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 18)  
110.
17 p, 231.6 KB Towards understanding differences in european household finances / Hintermaier, Thomas ; Koeniger, Winfried
This paper documents facts about differences in household portfolio composition across European countries, using the Eurosystem's Household Finance and Consumption Survey (HFCS) as a data source. On the asset side of balance sheets, the focus of our analysis is on the distinction between housing wealth and other assets. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 17)  
111.
15 p, 421.2 KB The Single Supervisory Mechanism : legal fragilities and possible solutions / Monti, Giorgio ; Petit, Christy Ann
This paper analyses the principal legal challenges posed by the current Banking Union apparatus. It focuses on the legal basis for Banking Union, the powers of the various agencies and regulators and the problems that arise from their interaction, and the difficult relationship between Euro-area and the internal market. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (Ademu Working Paper Series ; 16)  
112.
27 p, 398.5 KB The effects of government spending endogeneity on estimated multipliers in the U.S. / Moura, Alban
This paper uses an estimated sticky-price model to identify endogenous movements in government consumption in the U. S. economy. Two feedback effects are considered, one originating from the stock of public debt and one from contemporaneous output. [...]
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 Paper Series ; 15)  

Research literature : 113 records found   beginprevious103 - 112next  jump to record:
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