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Title:Fiscal consolidation in a low-inflation environment : pay cuts versus lost jobs Author(s):BANDEIRA, Guilherme; PAPPA, Paraskevi
; SAJEDI, Rana; VELLA, EugeniaDate:2018Citation:
- International journal of central banking, 2018, Vol. 14, No. 3, pp. 7-52
Type:ArticleAbstract:We construct a model of a monetary union to study fiscal consolidation in the periphery of the euro area, through cuts in public-sector wages or hiring when the nominal interest rate is constrained at its lower bound. ...
; SAJEDI, Rana; VELLA, EugeniaDate:2018Citation:
Title:Selling through referrals Author(s):CONDORELLI, Daniele; GALEOTTI, Andrea; SKRETA, VasilikiDate:2018Citation:
- Journal of economics & management strategy, 2018, Vol. 27, No. 4, pp. 669-685
Type:ArticleAbstract:We endogenize intermediaries' choice to operate as agents or merchants in a market where there are frictions due to asymmetric information about consumption values. A seller has an object for sale and can reach buyers only ...
; SKRETA, VasilikiDate:2018Citation:
Title:The right type of legislator : a theory of taxation and representation Author(s):MATTOZZI, Andrea; SNOWBERG, ErikDate:2018Citation:
- Journal of public economics, 2018, Vol. 159, pp. 54-65
Type:ArticleAbstract:We develop a theory of taxation and the distribution of government spending in a citizen-candidate model of legislatures. Individuals are heterogeneous in two dimensions: productive ability in the private sector and ...
; SNOWBERG, ErikDate:2018Citation:
Title:Long-range memory, distributional variation and randomness of bitcoin volatility Author(s):LAHMIRI, Salim; BEKIROS, Stelios D.; SALVI, AntonioDate:2018Citation:
- Chaos solitons & fractals, 2018, Vol. 107, pp. 43-48
Type:ArticleAbstract:We investigate the nonlinear patterns of volatility in seven Bitcoin markets. In particular, we explore the fractional long-range dependence in conjunction with the potential inherent stochasticity of volatility time series ...
; SALVI, AntonioDate:2018Citation:
Title:Optimal income taxation when asset taxation is limited Author(s):ABRAHAM, Arpad; KOEHNE, Sebastian; PAVONI, NicolaDate:2016Citation:
- Journal of public economics, 2016, Vol. 136, pp.14-29
Type:ArticleAbstract:Several frictions restrict the government's ability to tax assets. First, it is very costly to monitor trades on international asset markets. Second, agents can resort to nonobservable low-return assets such as cash, gold ...
; KOEHNE, Sebastian; PAVONI, NicolaDate:2016Citation:
Title:Constrained inefficiency and optimal taxation with uninsurable risks Author(s):GOTTARDI, Piero; KAJII, Atsushi; NAKAJIMA, TomoyukiDate:2016Citation:
- Journal of public economic theory, 2016, Vol. 18, No. 1, pp. 1-28
Type:ArticleAbstract:When individuals' labor and capital income are subject to uninsurable idiosyncratic risks, should capital and labor be taxed, and if so how? In a two-period general equilibrium model with production, we derive a decomposition ...
; KAJII, Atsushi; NAKAJIMA, TomoyukiDate:2016Citation: