Risk sharing - Resultats de la cerca - Dipòsit Digital de Documents de la UAB

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Resultats globals: 8 registres trobats en 0.02 segons.
Documents de recerca, 8 registres trobats

Documents de recerca	8 registres trobats

179 p, 3.5 MB

Essays on development, social networks, and information / Pietrobon, Davide ; Rodríguez Barraquer, Tomás, dir. ; Milán Sole, Pau, dir. ; Universitat Autònoma de Barcelona. Departament d'Economia i d'Història Econòmica
Esta tesis está formada por dos temas de investigación separados. El primero estudia como las instituciones de aseguración informal influyen sobre el comportamiento de los hogares en las economías rurales. [...]
This thesis comprises two separate research interests. The first one deals with understanding how risk-sharing arrangements affect household behavior in village economies. The second one refers to how trust and uncertainty about the benefits of cooperation affect network formation. [...]
2019

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61 p, 788.1 KB

On the design of a European unemployment insurance system / Ábrahám, Árpád ; Brogueira de Sousa, João ; Marimon, Ramon ; Mayr, Lukas
We assess the benefits of a potential European Unemployment Insurance System (EUIS) using a multi-country dynamic general equilibrium model with labour market frictions. Our calibration provides a novel diagnosis of the European labour markets, revealing the key parameters - in particular, job-separation and job-finding rates - that explain their different performance in terms of unemployment (or employment) and its persistence. [...]
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 ; 106)

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39 p, 367.2 KB

Self-fulfilling runs and endogeneous liquidity creation / Rivero Leiva, David ; Rodríguez Mendizábal, Hugo
This paper incorporates endogenous money creation into the liquidity mismatch problem of Diamond and Dybvig (1983). We characterize a nominal economy where demandable deposits are created through lending. [...]
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 ; 90)

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45 p, 878.1 KB

Exchange rate misalignment, capital flows, and optimal monetary policy trade-offs / Corsetti, Giancarlo ; Dedola, Luca ; Leduc, Sylvain
What determines the optimal monetary trade-off between internal objectives (inflation, and output gap) and external objectives (competitiveness and trade imbalances) when inefficient capital flows cause exchange rate misalignment and distort current account positions? We characterize this trade-off analytically, using the workhorse model of modern monetary theory in open economies under incomplete markets-where inefficient capital flows and exchange rate misalignments can arise independently of nominal distortions. [...]
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 ; 89)

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43 p, 425.7 KB

Quantifying the welfare gains from history dependent income taxation / Kapicka, Marek
I quantify the welfare gains from introducing history dependent income tax in an incomplete markets overlapping generations framework where individuals face uninsurable idiosyncratic shocks. I assume that the income tax paid is a function of a geometrical weighted average of past incomes, and solve for the optimal weights. [...]
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 ; 71)

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79 p, 744.9 KB

Sovereign debt and structural reforms / Müller, Andreas ; Storesletten, Kjetil ; Zilibotti, Fabrizio
We construct a dynamic theory of sovereign debt and structural reforms with three interacting frictions: limited enforcement, limited commitment, and incomplete markets. A sovereign country in recession issues debt to smooth consumption and makes reforms to speed up recovery. [...]
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 ; 56)

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35 p, 1.3 MB

International risk sharing in the European Monetary Union / Ferrari, Alessandro ; Rogantini Picco, Anna
This paper aims at empirically assessing the effect of the adoption of the euro on the ability of euro area member states to smooth consumption and share risk. With the objective of evaluating the economic performance of euro area countries in the scenario where the euro had not been adopted, we construct a counterfactual dataset of macroeconomic variables via the Synthetic Control Method. [...]
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 ; 55)

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48 p, 577.9 KB

Risk-sharing and contagion network / Cabrales, Antonio, 1964- ; Gottardi, Piero ; Vega-Redondo, Fernando
We investigate the properties of financial networks that allow to optimally solve the trade-off between higher risk-sharing and contagion. With continuous shock distributions, the optimum features the segmentation of the system of firms into disjoint components, with uniform exposure within them. [...]
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 ; 29)

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