ADEMU Working Papers Series

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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

  • Ravn, Morten O.; Sterk, Vincent (2015)
    This paper proposes a theory in which aggregate shocks also produce idiosyncratic risk which in turn introduces a demand channel that we argue is relevant for understanding the Great Recession. We study a model in which ...
  • Cabrales, Antonio; Gottardi, Piero; Vega-Redondo, Fernando (2016)
    We investigate the properties of financial networks that allow to optimally solve the trade-off between higher risk-sharing and contagion. With continuous shock distributions, the optimum features the segmentation of the ...
  • Fève, Patrick; Sahuc, Jean-Guillaume (2016)
    This paper applies the DSGE-VAR methodology to assess the size of fiscal multipliers in the data and the relative contributions of two transmission mechanisms of government spending shocks, namely hand-to-mouth consumers ...
  • Dupaigne, Martial; Fève, Patrick (2016)
    This paper inspects the mechanism shaping government spending multipliers in various smallscale DSGE setups with endogenous labor supply and capital accumulation. We analytically characterize the short-run investment ...
  • Caballé, Jordi; Dumitrescu, Ariadna (2016)
    In this paper, we analyze the effects of disclosing corporate tax reports on the performance of financial markets and the use of asset prices by the tax enforcement agency in order to infer the true corporate cash flows. ...