ADEMU Working Papers Series

Benvinguts al Repositori Digital de la UPF

ADEMU Working Papers Series

 

ADEMU (A Dynamic Economic and Monetary Union) is part of the Horizon 2020 work program topic Resilient and sustainable economic and monetary union in Europe (EURO-1-2014). The primary focus of the project is on the dimension The impact of macroeconomic and social imbalances on economic stability.

Enviaments recents

  • Rodríguez Mendizábal, Hugo (2017)
    What would be the effect of imposing a 100 percent reserve requirement to depository institutions? This paper contends that reserves do not compete with loans on the asset side of bank’s balance sheets. Thus, they only ...
  • Juggler, Joachim; Schott, Immo (2016)
    This paper introduces a maturity choice to the standard model of firm financing and investment. Longterm debt renders the optimal firm policy time-inconsistent. Lack of commitment gives rise to debt dilution. This problem ...
  • Monge-Naranjo, Alexander; Sanchez, Juan M.; Santaeulalia-Llopis, Raul (2016)
    Are production factors allocated efficiently across countries? To differentiate misallocation from factor intensity differences, we construct a new dataset of estimates for the output shares of natural resources for a large ...
  • Balke, Neele L.; Ravn, Morten O. (2016)
    We analyze time-consistent fiscal policy in a sovereign debt model. We consider a production economy that incorporates feedback from policy to output through employment, features inequality though unemployment, and in which ...
  • Dolls, Mathias; Fuest, Clemens, 1968-; Neumann, Dirk; Peichl, Andreas (2016)
    This is the first paper that assesses the importance of different stabilization channels of an unemployment insurance system for the euro area (EA). We provide insights on the potential added value of common unemployment ...