Resultats globals: 16 registres trobats en 0.02 segons.
Articles, 4 registres trobats
Documents de recerca, 12 registres trobats
Articles 4 registres trobats  
1.
30 p, 1.0 MB Monetary commitment and fiscal discretion : the optimal policy mix / Gnocchi, Stefano (Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica)
We study a noncooperative policy game between monetary and fiscal policy, where only monetary policy can commit to future actions. The equilibrium outcome of the game depends on the strategies available to the monetary policymaker. [...]
2013 - 10.1257/mac.5.2.187
American economic journal. Macroeconomics : a journal of the American Economic Association, Vol. 5 Núm. 2 (2013) , p. 187-216  
2.
26 p, 3.5 MB The effects of monetary policy on stock market bubbles : some evidence / Galí, Jordi, 1961- (CREI lectures in macroeconomics) ; Gambetti, Luca (Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica)
We estimate the response of stock prices to monetary policy shocks using a time-varying coefficients VAR. Our evidence points to protracted episodes in which stock prices end up increasing persistently in response to an exogenous tightening of monetary policy. [...]
2015 - 10.1257/mac.20140003
American economic journal. Macroeconomics, Vol. 7 Núm. 1 (2015) , p. 233-257  
3.
29 p, 946.5 KB The role of bank central operating procedures in an economy with productive government spending. / Caballé, Jordi (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; Hromcová, Jana (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)
We reexamine some of the issues related to the choice of the monetary policy instrument in a dynamic general equilibrium model exhibiting endogenous growth in which a fraction of productive government spending is Önanced by means of issuing currency. [...]
2011 - 10.1007/s10614-010-9198-y
Computational economics, Vol. 37 (2011) , p. 39-65  
4.
32 p, 216.9 KB Gasto público, «Tax-Smoothing» y déficit público óptimo : el caso de España / Esteve, Vicente (Universitat de València) ; Sapena, Juan (Universitat de València) ; Tamarit, Cecilio R. (Universitat de València)
En este trabajo se contrasta para la economía española y con datos del período 1964-1995, la teoría de la financiación óptima del gobierno basada en la regla del tax-smoothing. Desde el punto de vista empírico, la novedad del estudio radica en la utilización del déficit público como la variable de referencia, así como la estimación del modelo a través de un VAR, tal y como propone Ghosh (1995a). [...]
In this paper, we test the optimal taxation theory based on the tax-smoothing rule for the Spanish case. The sample period covers from 1964 to 1995. The empirical approach considered is based on Ghosh (1995a) which leads to two main improvements in the estimation. [...]

1998
Revista española de economia, V. 15 N. 2 (1998) , p. 167-198  

Documents de recerca 12 registres trobats  1 - 10següent  anar al registre:
1.
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)  
2.
48 p, 764.5 KB Optimal fiscal transfers in a monetary union / Dmitriev, Mikhail ; Hoddenbagh, Jonathan
We derive the optimal fiscal transfer scheme for countries in a monetary union to off-set the welfare losses resulting from asymmetric shocks and nominal rigidities. Optimal transfers involve a trade-off between reducing national output gaps and the provision of consumption insurance across countries, where the weight of the former increases relative to the latter as consumption home bias rises. [...]
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 ; 111)  
3.
42 p, 598.0 KB Differences in euro-area household finances and their relevance for monetary-policy transmission / Hintermaier, Thomas ; Koeniger, Winfried
This paper quantifies the extent of heterogeneity in consumption responses to changes in real interest rates and house prices in the four largest economies in the euro area: France, Germany, Italy, and Spain. [...]
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 ; 119)  
4.
80 p, 971.3 KB Real Keynesian models and sticky prices / Beaudry, Paul ; Portier, Franck
In this paper we present a generalized sticky price model which allows, depending on the parameterization, for demand shocks to maintain strong expansionary effects even in the presence of perfectly flexible prices. [...]
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 ; 91)  
5.
50 p, 689.3 KB One money, many markets : a factor model approach to monetary policy in the euro area with high-frequency identification / Corsetti, Giancarlo ; Duarte, Joao B. ; Mann, Samuel
We reconsider the effects of common monetary policy shocks across countries in the euro area, using a data-rich factor model and identifying shocks with high-frequency surprises around policy announcements. [...]
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 ; 87)  
6.
23 p, 418.9 KB Calibrating central banks’ mandate : central banking objectives, tasks, and measures within unitary and federal constitutional settings / Petit, Christy Ann
In a context of institutional flexibility and political necessity, central banks’ responses to the recent crises modelled the scope of their mandate, in law and in action. The current mandates of the European Central Bank, the Federal Reserve System, the Bank of Canada, and of the Bank of England are examined in their constitutional, statutory, and/or legal sources. [...]
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 ; 80)  
7.
87 p, 3.6 MB The macroeconomic effects of government asset purchases : evidence from postwar US housing credit / Fieldhouse, Andrew ; Mertens, Karel ; Ravn, Morten O.
We document the portfolio activity of federal housing agencies and provide evidence on its impact on mortgage markets and the economy. Through a narrative analysis, we identify historical policy changes leading to expansions or contractions in agency mortgage holdings. [...]
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 ; 69)  
8.
66 p, 1.6 MB Policy shocks and wage rigidities : empirical evidence from regional effects of national shocks / Ridder, Maarten de ; Pfajfar, Damjan
This paper studies the effect of wage rigidities on the transmission of fiscal and monetary policy shocks. We calculate downward wage rigidities across U. S. states using the Current Population Survey. [...]
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 ; 68)  
9.
31 p, 338.5 KB Monetary policy with declining deficits : theory and an application to recent Argentine monetary policy / Manuelli, Rody ; Vizcaino, Juan I.
We study the nature of the optimal monetary policy in a regime of “fiscal dominance” when the monetary authority -that can print money or issue interest earning debt- is required to finance an exogenous sequence of transfers to the Treasury. [...]
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 ; 66)  
10.
39 p, 532.6 KB Narrow banking with modern depository institutions : Is there a reason to panic? / Rodríguez Mendizábal, Hugo
What would be the effect of imposing a 100 percent reserve requirement to depository institutions? This paper contends that reserves do not compete with loans on the asset side of bank’s balance sheets. [...]
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 ; 52)  

Documents de recerca : 12 registres trobats   1 - 10següent  anar al registre:
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