Browsing Working Papers by Title

Title: Monetary Politics in a Monetary Union: A Note on Common Agency with Rational Expectations Author(s): RUTA, Michele Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: Is the politicisation of monetary policy in a currency union desirable? This paper shows that in a setting where political influence by national governments is modeled as a common agency game with rational expectations, ...

Title: Monetary Power and Political Autonomy: Exchange Rate Policymaking in Follower States Author(s): PAULY, Louis W. Date: 2005 Type of Publication: Working Paper Series/Report no.: EUI RSCAS

Title: Monetary theory and Roman history Author(s): DE CECCO, Marcello Date: 1984 Type of Publication: Working Paper Series/Report no.: EUI Working Papers

Title: The Monetary Transmission Mechanism Author(s): BENHABIB, Jess; FARMER, Roger E. A. Date: 1999 Type of Publication: Working Paper Series/Report no.: EUI ECO

Title: A Monetary Union for a Heterogeneous Europe Author(s): GIOVANNETTI, Giorgia; MARIMON, Ramon Date: 1995 Type of Publication: Working Paper Series/Report no.: EUI RSC

Title: Money is an Experience Good: Competition and Trust in the Private Provision of Money Author(s): MARIMON, Ramon; NICOLINI, Juan Pablo; TELES, Pedro Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We study the interplay between competition and trust as efficiency-enhancingmechanims in the private provision of money. With commitment, trust is automatically achieved and competition ensures efficiency. Without commitment, ...

Title: Money is an Experience Good: Competition and Trust in the Private Provision of Money Author(s): MARIMON, Ramon; NICOLINI, Juan Pablo; TELES, Pedro Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: We study the interplay between competition and trust as efficiency-enhancing mechanisms in the private provision of money. With commitment, trust is automatically achieved and competition ensures efficiency. Without ...

Title: Money Metric Measures of Individual and Social Welfare Allowing for Environmental Externalities. Author(s): HAMMOND, Peter J. Date: 1990 Type of Publication: Working Paper Series/Report no.: EUI ECO

Title: Money, Financial Stability and Efficiency Author(s): ALLEN, Franklin; CARLETTI, Elena; GALE, Douglas Date: 2011-01-16 Type of Publication: Working Paper Series/Report no.: Wharton Financial Institutions Center Abstract: Most analyses of banking crises assume that banks use real contracts. However, in practice contracts are nominal and this is what is assumed here. We consider a standard banking model with aggregate return risk, aggregate ...

Title: Money, Financial Stability and Efficiency Author(s): ALLEN, Franklin; CARLETTI, Elena; GALE, Douglas Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Most analyses of banking crises assume that banks use real contracts. However, in practice contracts are nominal and this is what is assumed here. We consider a standard banking model with aggregate return risk, aggregate ...

Title: Money, Financial Stability and Efficiency Author(s): ALLEN, Franklin; CARLETTI, Elena; GALE, Douglas Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Most analyses of banking crises assume that banks use real contracts. However, in practice contracts are nominal and this is what is assumed here. We consider a standard banking model with aggregate return risk, aggregate ...

Title: Money, Markets and Power: Explaining Patterns of Pegged Exchange Rate Regimes Author(s): KAELBERER, Matthias Date: 2005 Type of Publication: Working Paper Series/Report no.: EUI RSCAS

Title: Monopolistic Competition, Multiproduct Firms and Optimum Product Diversity Author(s): OTTAVIANO, Gianmarco I.P.; THISSE, Jacques-Francois Date: 1999 Type of Publication: Working Paper Series/Report no.: EUI ECO

Title: Monopolistic equilibrium and involuntary unemployment Author(s): DEHEZ, Pierre Date: 1984 Type of Publication: Working Paper Series/Report no.: EUI Working Papers

Title: A Monthly Indicator of the Euro Area GDP Author(s): FRALE, Cecilia; MARCELLINO, Massimiliano; MAZZI, Gian Luigi; PROIETTI, Tommaso Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: A continuous monitoring of the evolution of the economy is fundamental for the decisions of public and private decision makers. This paper proposes a new monthly indicator of the euro area real Gross Domestic Product (GDP), ...

Title: Moral and Social Constraints to Strategic Default on Mortgages Author(s): GUISO, Luigi; SAPIENZA, Paola; ZINGALES, Luigi Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We use survey data to study American households‘ propensity to default when the value of their mortgage exceeds the value of their house even if they can afford to pay their mortgage (strategic default). We find that 26% ...

Title: Moral Hazard in Hierarchies and Soft Information Author(s): ANGELUCCI, Charles; RUSSO, Antonio Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: We investigate the scope for supervisory activities in organizations in which information is non-verifiable (i.e. soft) and opportunism severe. A principal-supervisor agent hierarchy is considered. Side-contracts between ...

Title: The Moral Status of Profits and Other Rewards: A Perspective From Modern Welfare Economics Author(s): HAMMOND, Peter J. Date: 1991 Type of Publication: Working Paper Series/Report no.: EUI ECO

Title: More Equal but Less Mobile? Education Financing and Intergenerational Mobility in Italy and in the US Author(s): RUSTICHINI, Aldo; ICHINO, Andrea; CHECCHI, Daniele Date: 1998 Type of Publication: Working Paper Series/Report no.: EUI ECO

Title: More on Presumptions and Burdens of Proof Author(s): PRAKKEN, Henry; SARTOR, Giovanni Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI LAW Abstract: This paper extends our previous logical analysis of presumptions and burden of proof by studying the force of a presumption once counterevidence has been offered. In the jurisprudential literature different accounts of ...

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