May 30, 2018
Video pills /
Posted by NCID
Video Pills: 

Boston College Economics Professor Pablo Guerr贸n-Quintana presented his paper On Regional Borrowing, Default and Migration last Friday 18th May at the 7th NCID Research Workhsop at the Fundaci贸n Ram贸n Areces in Madrid. The paper explores default at a municipal level in the U.S. and explores how migration between cities affects it.

As people migrate some central planners of cities issue more debt than optimal taking into account that migration will continue and it will be paid by those who come to the city in the following years. 鈥淭his has led some cities to experienc...

May 30, 2018
Video pills /
Posted by NCID
Video Pills: 

The Economics Professor at the University of Pennsylvania Jes煤s Fern谩ndez-Villaverde presented his paper Financial Frictions and the Wealth Distributions at the 7th NCID Research Workshop at the Fundaci贸n Ram贸n Areces in Madrid.

鈥淚n a world with financial frictions, wealth distribution matters. Why? Because those who operate the capital and those who own the capital are different persons and the financial friction prevents the adequate transfer from those who have to those who can operate it more efficiently鈥, Fern谩ndez-Villaverde said. 

This paper...

May 30, 2018
Video pills /
Posted by NCID
Video Pills: 

Javier Bianchi, Senior Economist at the Minneapolis Federal Reserve, presented his paper Rollover Crises and Monetary Independence at the 7th NCID Research Workshop last Friday 18th of May at the Fundaci贸n Ram贸n Areces in Madrid. 

Financial crisis have an important role in the possibility of generating a rollover crisis, as governments are tempted to default because lenders are not willing to rollover short term debt.

鈥淲hen a country gives up its monetary independence, because it joins the euro or fixes the exchange rate, it is going to become much more...

Pages

Recent Posts
Archives