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Research literature 138 records found  beginprevious129 - 138  jump to record: Search took 0.02 seconds. 
129.
55 p, 666.3 KB Bank opacity and financial crises / Jungherr, Joachim
This paper studies a model of endogenous bank opacity. In the model, bank opacity is costly for society because it reduces market discipline and encourages banks to take on too much risk. This is true even in the absence of agency problems between banks and the ultimate bearers of the risk. [...]
2016 (Ademu Working Papers Series ; 2)  
Detailed record - Creative Commons
130.
31 p, 283.0 KB Capital taxation and globalization / Correia, Isabel (Banco de Portugal)
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)  
Detailed record - Creative Commons
131.
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)  
Detailed record - Creative Commons
132.
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)  
Detailed record - Creative Commons
133.
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)  
Detailed record - Creative Commons
134.
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)  
Detailed record - Creative Commons
135.
49 p, 4.1 MB The real effects of liquidity shocks in sovereign debt markets : evidence from Italy / Gazzani, Andrea ; Vicondoa, Alejandro
This paper provides the first empirical evidence on the macroeconomic effects of liquidity shocks in secondary sovereign debt markets. We consider the Italian case in a VAR analysis by applying different identification strategies: recursive ordering and Proxy-SVAR. [...]
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 ; 14)  
Detailed record - Creative Commons
136.
48 p, 443.2 KB Fiscal unions redux / Kehoe, Patrick J. ; Pastorino, Elena
Before the advent of sophisticated international financial markets, the widely accepted belief was that within a monetary union, a union-wide authority orchestrating fiscal transfers between countries is necessary to provide adequate insurance against country-specific economic fluctuations. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.
Universitat Pompeu Fabra 2015 (Ademu Working Papers Series ; 12)  
Detailed record - Creative Commons
137.
56 p, 1.7 MB The dark corners of the labor market / Sterk, Vincent
Standard models predict that episodes of high unemployment are followed by recoveries. This paper shows, by contrast, that a large shock may set the economy on a path towards very high unemployment, with no recovery in sight. [...]
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 Papers Series ; 10)  
Detailed record - Creative Commons
138.
49 p, 1.1 MB Breaking the spell with credit-easing : self-confirming credit crises in competitive search economies / Gaballo, Gaetano ; Marimon, Ramon
We show that credit crises can be Self-Confirming Equilibria (SCE), which provides a new rationale for policy interventions like, for example, the FRB's TALF credit-easing program in 2009. We introduce SCE in competitive credit markets with directed search. [...]
2016 (Ademus Working Paper Series ; 1)  
Detailed record - Creative Commons

Research literature : 138 records found   beginprevious129 - 138  jump to record:
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