UAB Digital Repository of Documents 3 records found  Search took 0.01 seconds. 
1.
30 p, 364.4 KB Ramsey taxation in the global economy / Chari, V. V. ; Nicolini, Juan Pablo ; Teles, Pedro
We study cooperative optimal Ramsey equilibria in the open economy, addressing classic policy questions: Should restrictions be placed to free trade and capital mobility? Should capital income be taxed? Should goods be taxed based on origin or destination? What are desirable border adjustments? How can a Ramsey allocation be implemented with residence-based taxes on assets? We characterize optimal wedges and analyse alternative policy implementations.
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 ; 84)  
2.
68 p, 446.2 KB Rethinking optimal currency areas / Chari, V. V. ; Dovis, Alessandro ; Kehoe, Patrick J.
The traditional Mundellian criterion, which implicitly assumes commitment to monetary policy, is that countries with similar shocks should form unions. Without such commitment a new criterion emerges: countries with dissimilar temptation shocks, namely those that exacerbate time inconsistency problems, should form unions. [...]
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 ; 9)  
3.
21 p, 274.8 KB A journey down the slippery slope to the European crisis : a theorist's guide / Chari, V. V. ; Dovis, Alessandro ; Kehoe, Patrick J.
We offer a theoretically based narrative that attempts to account both for the formation of the European Monetary Union and the callenges it has faced. Lack of commitment to policy plays a central role in this narrative.
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 ; 54)  

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