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Browsing Department of Economics (ECO) by Author "KEMPF, Hubert"
Now showing items 1-5 of 5
Title:Deposit Insurance without Commitment: Wall St. versus Main St.
Author(s):COOPER, Russell; KEMPF, HubertDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper studies the provision of deposit insurance without commitment in an economy with heterogenous households. When households are identical, deposit insurance will be provided ex post to reap insurance gains. But ...
Title:Insulation Impossible: Fiscal Spillovers in a Monetary Union
Author(s):COOPER, Russell; KEMPF, Hubert; PELED, DanDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper studies fiscal spillovers in a monetary union. The focus of the analysis is on the interaction between the fiscal policy of member countries (regions) and the central monetary authority. When capital markets are ...
Title:Regional Debt in Monetary Unions: Is It Inflationary?
Author(s):COOPER, Russell; KEMPF, Hubert; PELED, DanDate:2010Type of Publication:ArticleAbstract:This paper studies the inflationary implications of interest bearing regional debt in a monetary union. Is this debt simply backed by future taxation with no inflationary consequences? Or will the circulation of region ...