Title:Networks Emerging in a Volatile World
Author(s):EHRHARDT, Gorge; MARSILI, Matteo; VEGA-REDONDO, FernandoDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The paper proposes a model to study the conditions under which complex networks emerge (or not) when agents are involved in a dynamic coordination setup. The focus, however, is not on the classical issue of equilibrium ...
Title:A New Look at the Feldstein-Horioka Puzzle using an Integrated Panel
Author(s):BANERJEE, Anindya; ZANGHIERI, PaoloDate:2003Type of Publication:Working PaperSeries/Report no.:CEPII discussion paperAbstract:We use a panel of 14 European countries to take a fresh look at the so-called Feldstein-Horioka puzzle on the high correlations between savings and investment observed within countries. A large literature has emerged to ...
Title:New Open Economy Macroeconomics
Author(s):CORSETTI, GiancarloDate:2008-01-01Type of Publication:Contribution to bookAbstract:‘New open economy macroeconomics’ (NOEM) refers to a body of literature embracing a new theoretical framework for policy analysis in open economy, aiming to overcome the limitations of the Mundell-Fleming model while ...
Title:New Open Economy Macroeconomics
Author(s):CORSETTI, GiancarloDate:2007Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The New Open Economy Macroeconomics refers to a vast body of literature embracing a new
theoretical framework for policy analysis in open economy, with the goal of overcoming the
limitations of the Mundell-Fleming model, ...
Title:New Technology in Schools: Is there a Payoff?
Author(s):MACHIN, Stephen; MCNALLY, Sandra; SILVA, OlmoDate:2007Type of Publication:ArticleAbstract:Despite its high relevance to current policy debates, estimating the causal effect of Information and Communication Technology (ICT) investment on educational standards remains fraught with difficulties. We exploit a change ...
Title:Noi si mura: Selected working papers of the European University Institute
Author(s):MAIHOFER, WernerDate:1986Type of Publication:BookAbstract:No' si mura, telle fut la réponse que Cosimo il Vecchio donna à ses amis qui s nquéraient de savoir pourquoi il se retirait des affaires publiques. Elle exprimait sa conviction ultime que rien ne resterait de lui, que ces ...
Title:Noise Trader Risk in Financial-Markets
Author(s):DELONG, J. Bradford; SHLEIFER, Andrei; SUMMERS, Lawrence H.; WALDMANN, RobertDate:1990Type of Publication:Article
Title:Noise Trading and Exchange Rate Regimes
Author(s):JEANNE, Olivier; ROSE, Andrew K.Date:2002Type of Publication:ArticleAbstract:Policy-makers often justify their choice of fixed exchange rate regimes as a shelter against nonfundamental influences in the foreign exchange market. This paper proposes a framework, based on endogenous noise trading, ...
Title:Noise Trading in Small Markets
Author(s):PALOMINO, FredericDate:1994Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Nominal Debt as a Burden on Monetary Policy
Author(s):DIAZ-GIMENEZ, Javier; GIOVANNETTI, Giorgia; MARIMON, Ramon; TELES, PedroDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We characterize the optimal sequential choice of monetary policy in economies
with either nominal or indexed debt. In a model where nominal debt is the only
source of time inconsistency, the Markov-perfect equilibrium ...
Title:Nominal Debt as a Burden on Monetary Policy
Author(s):DIAZ-GIMENEZ, Javier; GIOVANNETTI, Giorgia; MARIMON, Ramon; TELES, PedroDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:We characterize the optimal sequential choice of monetary policy in economies with
either nominal or indexed debt. In a model where nominal debt is the only source of
time inconsistency, the Markov-perfect equilibrium ...