Vella, Eugenia - Search Results - UAB Digital Repository of Documents

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26 p, 4.5 MB

Emigration and fiscal austerity in a depression / Bandeira, Guilherme (New South Wales Treasury) ; Caballé, Jordi (Universitat Autònoma de Barcelona) ; Vella, Eugenia (Athens University of Economics and Business)
What is the role of emigration in a deep recession when the government implements fiscal consolidation? To answer this question, we build a small open economy New Keynesian model with matching frictions and emigration. [...]
2022 - DOI (Digital Object Identifier)

10.1016/j.jedc.2022.104539
Journal of economic dynamics & control, Vol. 144 (2022) , p. 104539

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28 p, 862.9 KB

Automation and sectoral reallocation / Hutschenreiter, Dennis C. (Universitat Autònoma de Barcelona) ; Santini, Tommaso (Universitat Autònoma de Barcelona) ; Vella, Eugenia (Athens University of Economics and Business and Fundació MOVE)
2021 - DOI (Digital Object Identifier)

10.1007/s13209-021-00240-w
Series, july 2021, p. 1-28

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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)

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51 p, 666.0 KB

Fiscal consolidation with tax evasion and corruption / Pappa, Evi (European University Institute (Itàlia)) ; Sajedi, Rana (European University Institute (Itàlia)) ; Vella, Eugenia (European University Institute (Itàlia))
Using cross country data we show that tax evasion and corruption are highly important for determining the size of the . scal multiplier. We introduce these two features in a New Keynesian model with search and matching frictions, in order to revisit the e¤ects of tax and expenditure based consolidations. [...]
2015 - DOI (Digital Object Identifier)

10.1016/j.jinteco.2014.12.004
Journal of international economics, Vol. 96 Núm. 1 (2015) , p. s56-s75

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50 p, 1.3 MB

Should I stay or should I go? Austerity, unemployment and migration / Bandeira, Guilherme ; Caballé, Jordi ; Vella, Eugenia
High unemployment and fiscal austerity during the recent crisis have led to significant migration outflows from the periphery of the euro area. This paper introduces endogenous migration both for the unemployed and employed members of the household in a small open economy DSGE model with search and matching frictions. [...]
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 ; 83)

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56 p, 1.5 MB

Fiscal consolidation in a disinflationary environment : price vs. quantity-based measures / Pappa, Evi ; Sajedi, Rana ; Vella, Eugenia
An important feature of the current economic conditions in the EU, which challenges the design and implementation of macroeconomic policy, is inflation uncertainty. With monetary policy at the zero lower bound, and inflation well below its target, a key issue for policy makers is the effect /nthis has on the transmission of fiscal policy. [...]
2016 (Ademu Working Papers Series ; 3)

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41 p, 664.8 KB

The government wage bill and private activity / Bermperoglou, Dimitrios ; Pappa, Evi ; Vella, Eugenia
We estimate the effects of public wage expenditures on output and the labor market in U. S. data by identifying shocks to public employment and public wages using sign restrictions. Public wage shocks do not induce significant effects on output, but disaggregating by government level reveals that their effects can be contractionary at the federal level and expansionary at the state and local level. [...]
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 ; 33)

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