Browsing by Author "Thomas, Carlos"

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  • Arce, Óscar; Hurtado, Samuel; Thomas, Carlos (2016-05)
    We provide a general equilibrium framework for analyzing the effects of supply and demand side policies, and the potential synergies between them, in an asymmetric monetary union that faces a liquidity trap and a slow ...
  • Andrés, Javier; Arce, Óscar; Thomas, Carlos (2016-09)
    We analyze the interaction between fiscal consolidations and private sector deleveraging in an economy inside a monetary union. Pre-existing long-term collateralized private debt - a core ingredient of the deleveraging ...