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Browsing ADEMU Working Papers Series by Subject "Risk-sharing"

Browsing ADEMU Working Papers Series by Subject "Risk-sharing"

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  • On the design of a European unemployment insurance system
    Ábrahám, Árpád; Brogueira de Sousa, João; Marimon, Ramon; Mayr, Lukas (2018-04)
    We assess the benefits of a potential European Unemployment Insurance System (EUIS) using a multi-country dynamic general equilibrium model with labour market frictions. Our calibration provides a novel diagnosis of the ...
  • Self-fulfilling runs and endogeneous liquidity creation
    Rivero Leiva, David; Rodríguez Mendizábal, Hugo (2018-03)
    This paper incorporates endogenous money creation into the liquidity mismatch problem of Diamond and Dybvig (1983). We characterize a nominal economy where demandable deposits are created through lending. Depositors use ...

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