Depósito Digital de Documentos de la UAB Encontrados 13 registros  1 - 10siguiente  ir al registro: La búsqueda tardó 0.00 segundos. 
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)  
40 p, 541.1 KB Housework and fiscal expansions / Gnocchi, Stefano (Bank of Canada) ; Hauser, Daniela Stefanie (Bank of Canada) ; Pappa, Evi (Universitat Autònoma de Barcelona)
We build an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, in order to discipline consumption-hours complementarity and relate its strength to the size of fiscal multipliers. [...]
Otawa : Bank of Canada, 2014 (Bank of Canada Working Paper ; 2014-34)
Staff Working Papers, 34 (2014)  
49 p, 2.8 MB Chronicle of a war foretold : the macroeconomic effects of anticipated defence spending shocks / Ben Zeev, Nadav (Ben Gurion University of the Negev) ; Pappa, Evi (Universitat Autònoma de Barcelona)
We identify US defense news shocks as shocks that best explain future moviments in defense spending over a five-year horizon and are orthogonal to current defense spending. Our identified shocks are strongly correlated with the Ramey (2011) news shocks, but explain a larger share of macroeconomic fluctuations and have significant demand effects. [...]
2017 - 10.1111/ecoj.12349
Economic journal, Vol. 127 Núm. 603 (2017) , p. 1568-1597  
43 p, 1.1 MB Multipliers of unexpected increases in military spending : an empirical investigation / Ben Zeev, Nadav (Ben-Gurion University of the Negev) ; Pappa, Evi (Universitat Autònoma de Barcelona)
We show that unexpected increases in defense and total government spending increase total factor productivity (TFP) and output and decrease investment in US quarterly data. Yet, the output multiplier is zero when the TFP response is shut down. [...]
2015 - 10.1016/j.jedc.2015.06.004
Journal of economic dynamics & control, Vol. 57 (2015) , p. 205-226  
35 p, 544.9 KB News shocks in the data : Olympic Games and their macroeconomic effects / Brückner, Markus (National University of Singapore) ; Pappa, Evi (Universitat Autònoma de Barcelona)
We examine the macroeconomic effects of bidding for the Olympic Games using panel data for 188 countries during the period 1950-2009. Our findings confirm that economies react to news shocks: investment, consumption, and output significantly increase nine to seven years before the actual event in bidding countries. [...]
2013 - 10.1111/jmcb.12247  
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 - 10.1016/j.jinteco.2014.12.004
Journal of international economics, Vol. 96 Núm. 1 (2015) , p. s56-s75  
37 p, 406.4 KB Capital Maintenance and Depreciation over the Business Cycle / Albonico, Alice (Università degli studi di Milano-Bicocca) ; Kalyvitis, Sarantis (Athens University of Economics and Business) ; Pappa, Evi (Universitat Autònoma de Barcelona)
This paper develops and estimates a stochastic general equilibrium model with capital maintenance, which affects endogenously the depreciation rate of capital. The estimate of maintenance series is found to track survey-based measures for Canada quite closely and to generate the procyclical pattern of maintenance observed in the data. [...]
2014 - 10.1016/j.jedc.2013.12.008
Journal of economic dynamics & control, Vol. 39 (2014) , p. 273-286  
34 p, 631.7 KB Do labor market institutions matter for business cycles? / Gnocchi, Stefano (Bank of Canada) ; Lagerborg, Andresa (European University Institute (Itàlia)) ; Pappa, Evi (Universitat Autònoma de Barcelona)
Using panel data of 19 OECD countries observed over 40 years and data on specific labor market reform episodes we conclude that labor market institutions matter for business cycle fluctuations. Spearman partial rank correlations reveal that more flexible institutions are associated with lower business cycle volatility. [...]
2015 - 10.1016/j.jedc.2014.10.005
Journal of economic dynamics & control, Vol. 51 (2015) , p. 299-317  
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)  
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)  

Depósito Digital de Documentos de la UAB : Encontrados 13 registros   1 - 10siguiente  ir al registro:
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