Browsing by Author "Adão, Bernardino"

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  • Adão, Bernardino; Correia, Isabel (2018-05)
    Typically inequality is not taken into account to assess the effects of policy changes over aggregate variables. We study the decline of expected inflation in a closed economy, and show that the efficiency effect of the ...
  • Adão, Bernardino; Silva, André C. (2015-12)
    Firm cash holdings increased substantially from 1980 to 2013. The overall distribution of firm cash holdings changed in the same period. We study the implications of these changes for monetary policy. We use Compustat data ...
  • Adão, Bernardino; Correia, Isabel (2018-05)
    When discussing the level for the target inflation in a Monetary Union typically questions of efficacy of stabilization of monetary policy or conditions for the fulfilment of an optimal monetary currency are in the forefront. ...

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