Research literature

Research literature 113 records found  previous11 - 20nextend  jump to record: Search took 0.02 seconds. 
11.
36 p, 382.0 KB The effects of inflation target changes in an open economy with heterogeneous households / Adão, Bernardino ; Correia, Isabel
When discussing the level for the target inflation in a Monetary Union typically questions of efficacy of stabilization of monetary policy or conditions for the fulfilment of an optimal monetary currency are in the forefront. [...]
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 ; 122)  
12.
31 p, 448.1 KB Introducing an Austrian backpack in Spain / Brogueira de Sousa, João ; Díaz-Saavedra, Julián ; Marimon, Ramon
In an overlapping generations economy with incomplete insurance markets, the introduction of an employment fund (akin to the one introduced in Austria in 2003, also known as `Austrian backpack') can enhance production effciency and social welfare, if it complements, and in part substitutes, the two classical systems of public insurance: pay-as-you-go pensions and unemployment insurance (UI). [...]
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 ; 139)  
13.
62 p, 928.3 KB Generalized compensation principle / Tsyvinski, Aleh ; Werquin, Nicolas
We generalize the classic concept of compensating variation and the welfare compensation principle to a general equilibrium environment with distortionary taxes. We derive in closed-form the solution to the problem of designing a tax reform that compensates the welfare gains and losses induced by an arbitrary economic disruption. [...]
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 ; 137)  
14.
54 p, 870.8 KB Self-fulfilling crises and country solidarity / Marin, Emile-Alexandre
Sovereign risk premia reflect investors' beliefs for the equilibrium and off –equilibrium actions of international agents. This paper investigates the international dimension of self-fulfilling sovereign debt crises and characterizes self-interested bailouts (solidarity) and contagion. [...]
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 ; 136)  
15.
51 p, 660.8 KB The fiscal multiplier / Hagedorn, Marcus ; Manovskii, Iourii ; Mitman, Kurt
We measure the size of the fiscal multiplier using a heterogeneous agents model with incomplete markets, capital and rigid prices and wages. This environment captures all elements that are considered essential for a quantitative analysis. [...]
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 ; 135)  
16.
13 p, 195.7 KB A parliamentary assembly for the Eurozone? / Fromage, Diane
On 6 December 2017, the European Commission presented its policy package on 'Completing Europe's Economic and Monetary Union'. Some of the proposals it entails aim at improving the democratic accountability of the governance of the Eurozone. [...]
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 ; 134)  
17.
19 p, 397.2 KB Fiscal rules and structural reforms / Sajedi, Rana ; Steinbach, Armin
Implementation of fiscal surveillance rules relies heavily on the proper interpretation of legal terms, creating a need to infuse economic insight into legal analysis. Rigid legal application of fiscal deficit rules may curtail structural reforms, as reforms can go against fiscal consolidation in the short run. [...]
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 ; 133)  
18.
40 p, 504.4 KB Step away from the zero lower bound : small open economies in a world of secular stagnation / Corsetti, Giancarlo ; Mavroeidi, Eleonora ; Thwaites, Gregory ; Wolf, Martin
We study how small open economies can escape from deation and unemployment in a situation where the world economy is permanently depressed. Building on the framework of Eggertsson et al. (2016), we show that the transition to full employment and at-target inflation requires real and nominal depreciation of the exchange rate. [...]
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 ; 132)  
19.
41 p, 459.9 KB Changes in the inflation regime / Adão, Bernardino ; Correia, Isabel
Typically inequality is not taken into account to assess the effects of policy changes over aggregate variables. We study the decline of expected inflation in a closed economy, and show that the efficiency effect of the decline is larger than what is usually reported even when inequality is considered. [...]
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 ; 121)  
20.
54 p, 783.8 KB Sovereign default in a monetary union / De Ferra, Sergio ; Romei, Federica
In the aftermath of the global financial crisis, sovereign default risk and the zero lower bound have limited the ability of policy-makers in the European monetary union to achieve their stabilization objective. [...]
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 ; 118)  

Research literature : 113 records found   previous11 - 20nextend  jump to record:
Interested in being notified about new results for this query?
Set up a personal email alert or subscribe to the RSS feed.