Browsing by Author "Nicolini, Juan Pablo"

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  • Money and prices in models of bounded rationality in high inflation economies
    Marcet, Albert; Nicolini, Juan Pablo (2005-01-01)
    This paper studies the short run correlation of inflation and money growth. We study whether a model of learning can do better than a model of rational expectations, we focus our study on countries of high inflation. We ...
  • More on the time inconsistency of optimal monetary policy
    Nicolini, Juan Pablo (1993-11-01)
  • Ramsey taxation in the global economy
    Chari, V. V.; Nicolini, Juan Pablo; Teles, Pedro (2018-02)
    We study cooperative optimal Ramsey equilibria in the open economy, addressing classic policy questions: Should restrictions be placed to free trade and capital mobility? Should capital income be taxed? Should goods be ...
  • Recurrent hyperinflations and learning
    Marcet, Albert; Nicolini, Juan Pablo (1995-11-01)
  • Ruling out speculative hyperinflations: A game theoretic approach
    Nicolini, Juan Pablo (1992-04-01)
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  • Sovereign default: the role of expectations
    Ayres, João; Navarro, Gaston; Nicolini, Juan Pablo; Teles, Pedro (2018-02)
    In the standard model of sovereign default, as in Aguiar and Gopinath (2006) or Arellano (2008), default is driven by fundamentals alone. There is no independent role for expectations. We show that small variations of ...
  • Sovereign default: the role of expectations
    Ayres, João; Navarro, Gaston; Nicolini, Juan Pablo; Teles, Pedro (2016-06)
    In the standard model of sovereign default, as in Aguiar and Gopinath (2006) or Arellano (2008), default is driven by fundamentals alone. There is no independent role for expectations. We show that small variations of that ...