Browsing ECO Working Papers by Title

Title: Modelling Vintage Structures with DDEs: Principles and Applications Author(s): BOUCEKKINE, Raouf; DE LA CROIX, David; LICANDRO, Omar Date: 2004 Type of Publication: Working Paper Series/Report no.: EUI ECO

Title: A Modern Reconsideration of the Theory of Optimal Currency Areas Author(s): CORSETTI, Giancarlo Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: What can be learnt from revisiting the Optimal Currency Areas (OCA) theory 50 years from its birth, in light of recent advances in open economy macro and monetary theory? This paper presents a stylized micro-founded model ...

Title: Monetary and Budgetary Policy Interaction: An SVAR Analysis of Stabilization Policies in Monetary Union Author(s): CLAEYS, Peter Date: 2004 Type of Publication: Working Paper Series/Report no.: EUI ECO

Title: Monetary and Fiscal Policy Interactions under a Stability Pact Author(s): BUTI, Marco; ROEGER, Werner; IN'T VELD, Jan Date: 2001 Type of Publication: Working Paper Series/Report no.: EUI ECO

Title: Monetary Policy Performance and the Accuracy of Observations Author(s): NIMARK, Kristoffer P. Date: 2003 Type of Publication: Working Paper Series/Report no.: EUI ECO

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: 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: 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, 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: 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: 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: 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 Secrecy...More Knowledge Disclosure? On Disclosure Outside of Patents Author(s): PONCE, Carlos J. Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: It is an important concern that innovators by waiving their patent rights might obstruct the disclosure of knowledge and therefore retard progress. This paper explores this concern by using a simple model of two innovators ...

Title: Mortality and Morbidity Transitions in Sub-Saharan Africa: Evidence from Adult Height Author(s): AKACHI, Yoko; CANNING, David Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI MWP Abstract: In most developing countries, rising levels of nutrition and improvements in public health have led to declines in infant mortality and rising adult height. In Sub-Saharan Africa, however, we see a different pattern. ...

Title: Multilateral Versus Bilateral Testing for Long Run Purchasing Power Parity: A Cointegration Analysis for the Greek Drachma Author(s): SIDERIS, Dimitrios Date: 1997 Type of Publication: Working Paper Series/Report no.: EUI ECO

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