Resultats globals: 138 registres trobats en 0.03 segons.
Documents de recerca, 138 registres trobats
Documents de recerca 138 registres trobats  1 - 10següentfinal  anar al registre:
1.
26 p, 1.9 MB Public Insurance in Fiscal Federations : Evidence from the USA / Fleck, Johannes ; Simpson-Bell, Chima ; Barcelona Graduate School of Economics
In the division of scal responsibilities between central and local governments, it is usually argued that income insurance and nequality should be dealt with by the central government. This paper explores the extent to which the US federal tax and transfer system is able to provide uniform social insurance to a prototype family in diferent states, given variations in state tax and transfer policies. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 138)  
2.
46 p, 1.7 MB Fiscal Consolidation in a Low-Inflation Environment : Pay Cuts versus Lost Jobs / Bandeira, Guilherme ; Pappa, Evi ; Sajedi, Rana ; Vella, Eugenia ; Barcelona Graduate School of Economics
We construct a model of a monetary union to study fiscal consolidation in the periphery of the euro area, through cuts in public sector wages or hiring when the nominal interest rate is constrained at its lower bound. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 140)  
3.
57 p, 970.4 KB The paradox of global thrift / Fornaro, Luca ; Romei, Federica ; Barcelona Graduate School of Economics
This paper describes a paradox of global thrift. Consider a world in which interest rates are low and monetary policy is constrained by the zero lower bound. Now imagine that governments implement prudential financial and fiscal policies to stabilize the economy. [...]
Barcelona Graduate School of Economics 2016 (Economics and Business Working Papers Series ; 1609)  
4.
10 p, 278.5 KB The negative correlation between nonperforming loans of large and small banks / Rodríguez Mendizábal, Hugo ; Barcelona Graduate School of Economics
This paper presents a new stylized fact about bank nonperforming loans. According to data for the US, the average of the ratio of noncurrent loans to total loans for large banks presents a very high negative correlation with the same ratio for small banks. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 103)  
5.
9 p, 183.0 KB The commission's 2017 reflection paper on the deepening of the economic and monetary union : a few critical observations / Radic, Lazar ; Barcelona Graduate School of Economics
In the present paper I critically asses the Preface to the 2017 Reflection Paper on the Deepening of the Economic and Monetary Union and identify two issues with the European Commission's approach and reasoning which I believe reveal a deeper, more disquieting dynamic. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 104)  
6.
49 p, 1015.2 KB On the optimal design of a financial stability fund / Ábrahám, Árpád ; Cárceles Poveda, Eva ; Barcelona Graduate School of Economics
A Financial Stability Fund set by a union of sovereign countries can improve countries' ability to share risks, borrow and lend, with respect to the standard instrument used to smooth fluctuations: sovereign debt financing. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 105)  
7.
22 p, 317.2 KB On asset prices and leverage requirements : an experimental analysis / Gehrig, Thomas P. ; Levínský, René ; Barcelona Graduate School of Economics
The present study contributes to the ongoing debate on possible costs and benefis of leverage requirements. In particular, we run two series of electronic call auctions with heterogeneous agents in the laboratory where we change the leverage bounds as a treatment variable. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 100)  
8.
55 p, 1.2 MB Failure to launch : housing, debt overhang, and the inflation option / Hedlund, Aaron ; Barcelona Graduate School of Economics
Can inflating away nominal mortgage liabilities effectively combat recessions? I address this question using a model of illiquid housing, endogenous credit supply, and equilibrium default. I show that, in an ordinary recession, temporarily raising the inflation target has only modest or even counterproductive effects. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 98)  
9.
27 p, 496.6 KB Deposit insurance and bank risk-taking / López-Quiles Centeno, Carolina ; Petricek, Matic ; Barcelona Graduate School of Economics
This paper aims to assess the effect of deposit insurance on the risk-taking behaviour of banks. As shown in the theoretical literature, deposit insurance may induce moral hazard and incentivize banks to take on more risk. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 101)  
10.
36 p, 421.3 KB Controlling the powers of the ECB : delegation, discretion, reasoning and care What Gauweiler, Weiss and others can teach us / Hofmann, Herwig C.H. ; Barcelona Graduate School of Economics
In the context of the developing European Economic and Monetary Union (EMU), questions of political and judicial means of control of the bodies central to shaping this policy are of great relevance. This paper looks at how responsibility towards political and judicial means of control can be ensured in reality and what the case law of the CJEU can teach about the accountability standards of a structurally independent executive body such as the ECB. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 135)  

Documents de recerca : 138 registres trobats   1 - 10següentfinal  anar al registre:
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