Working papers

Working papers 1,817 registres trobats  anterior11 - 20següentfinal  anar al registre: La cerca s'ha fet en 0.00 segons. 
11.
43 p, 1.4 MB GDP estimation for Barcelona and the Barcelona Metropolitan Area. Methodological improvement in the estimation of productivity dynamics with wage information / Raymond, Josep Lluís ; Cotrina, Dolors ; Costa, Àlex ; Puig, Enric ; Galletto, Vittorio ; Fíguls, Marc ; Aguilera, Sandra
The Gross Domestic Product (GDP) is the most important macroeconomic magnitude of the economic accounting of a territory. In spite of its known limitations, it is a basic magnitude in knowing the sectoral structure of an economy; furthermore, its evolution is the indicator that best measures economic dynamics. [...]
2018 (IERMB Working Paper in Economics ; 18.01)  
12.
28 p, 443.9 KB Inclusive growth from an urban perspective : a challenge for the metropolis of the 21st century / Trullén, Joan ; Galletto, Vittorio
Between 1985 and 2008 the metropolis of Barcelona experienced a strong growth in economic activity and employment, which was accompanied by improvements in income distribution. The nomination of Barcelona as the host city of the 1992 Olympic Games and the entrance to the European Communities in January 1986 were crucial to activate from the city of Barcelona a powerful and original economic and urban policy aimed at promoting a new model inclusive of urban growth. [...]
2017 (IERMB Working Paper in Economics ; 17.01)  
13.
44 p, 1.4 MB Inclusive growth : the great metropolitan strategic challenge / Trullén, Joan
The objective of the paper is to present the economic and territorial aspects that should be considered in the design of a new metropolitan strategy seeking to promote a new economic and territorial model where economic growth is compatible with a reduction in unemployment and an improvement in income distribution. [...]
2015 (IERMB Working Paper in Economics ; 15.01)  
14.
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)  
15.
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)  
16.
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)  
17.
50 p, 595.3 KB Downward wage rigidity and wage restraint / Wolf, Martin
The combination of downward nominal wage rigidity and pegged exchange rate creates an externality which leads to excessive wage inflation (Schmitt-Groh_e and Uribe, 2016). This paper re-examines this result assuming that wage setters are forward looking, hence endogenously restrain wage increases facing downward wage rigidity, as in Elsby (2009). [...]
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 ; 126)  
18.
34 p, 433.9 KB The fiscal theory of the price level in a world of low interest rates / Bassetto, Marco ; Cui, Wei
A central equation for the fiscal theory of the price level (FTPL) is the government budget constraint (or "government valuation equation"), which equates the real value of government debt to the present value of fiscal surpluses. [...]
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 ; 125)  
19.
45 p, 732.7 KB Debt dilution and debt overhang / Jungherr, Joachim ; Schot, Immo
We introduce long-term debt (and a maturity choice) into a standard model of firm financing and investment. This allows us to study two distortions of investment: (1. ) Debt dilution distorts firms’ choice of debt which has an indirect effect on investment; (2. [...]
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 ; 124)  
20.
28 p, 526.8 KB Bank funding and risk taking / Ferrari, Alessandro ; Garcia Galindo, Carmen ; Petricek, Matic ; Winkler, Andreas
In this paper we use a novel approach to address issues of endogeneity in estimating a causal effect of leverage on risk taking by banks. Using data on local bank office deposits and local unemployment we construct an instrument to use in a regression of leverage on a measure of risk taking constructed from new issuance of loans. [...]
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 ; 123)  

Working papers : 1,817 registres trobats   anterior11 - 20següentfinal  anar al registre:
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