New Research
Schlegl, Trebesch, Wright: The Seniority Structure of Sovereign Debt
The Seniority Structure of Sovereign Debt Matthias Schlegl Christoph Trebesch Mark L. J. Wright, Senior Vice President and Director of Research May 2019 | Federal Reserve Bank of Minneapolis Working Paper 759 Sovereign governments owe debt to many foreign creditors...
read moreChodorow-Reich, Karabarbounis, Kekre: The Macroeconomics of the Greek Depression
The Macroeconomics of the Greek Depression Gabriel Chodorow-Reich Loukas Karabarbounis, Consultant Rohan Kekre May 2019 | Federal Reserve Bank of Minneapolis Working Paper 758 The Greek economy experienced a boom until 2007, followed by a prolonged depression...
read moreAyres, Hevia, Nicolini: Real Exchange Rates and Primary Commodity Prices
Real Exchange Rates and Primary Commodity Prices Joao Ayres Constantino Hevia Juan Pablo Nicolini May 2019 | Federal Reserve Bank of Minneapolis Staff Report 584 In this paper, we show that there is substantial comovement between prices of primary commodities such as...
read moreConesa, Kehoe, Nygaard, Raveendranathan: Implications of Increasing College Attainment for Aging in General Equilibrium
Implications of Increasing College Attainment for Aging in General Equilibrium Juan Carlos Conesa Timothy J. Kehoe Vegard M. Nygaard Gajendran Raveendranathan May 2019 | Federal Reserve Bank of Minneapolis Staff Report 583 We develop and calibrate an overlapping...
read moreNicolini: Karl Brunner’s Contributions to the Theory of the Money Supply
Karl Brunner's Contributions to the Theory of the Money Supply Juan Pablo Nicolini, Senior Research Economist April 2019 | Federal Reserve Bank of Minneapolis Staff Report 582 In this paper, I revisit some recent work on the theory of the money supply, using a...
read moreAyres, Navarro, Nicolini, Teles: Self-Fulfilling Debt Crises with Long Stagnations
Self-Fulfilling Debt Crises with Long Stagnations Joao Ayres, Inter-American Development Bank Gaston Navarro, Federal Reserve Board Juan Pablo Nicolini, Senior Research Economist Pedro Teles, Banco de Portugal, Catolica Lisbon SBE, and CEPR April 2019| Federal Reserve...
read moreChari, Nicolini, Teles: Optimal Cooperative Taxation in the Global Economy
Optimal Cooperative Taxation in the Global Economy V. V. Chari, Consultant Juan Pablo Nicolini, Senior Research Economist Pedro Teles, Banco de Portugal, Catolica Lisbon SBE, and CEPR April 2019 | Federal Reserve Bank of Minneapolis Staff Report 581 We use the Ramsey...
read moreEngbom: Firm and Worker Dynamics in an Aging Labor Market
Firm and Worker Dynamics in an Aging Labor Market Niklas Engbom, Research Economist April 2019 | Federal Reserve Bank of Minneapolis Working Paper 756 I develop an idea flows theory of firm and worker dynamics in order to assess the consequences of population aging....
read moreKehoe, Machicado, Peres-Cajías: The Monetary and Fiscal History of Argentina, 1960-2017
The Monetary and Fiscal History of Argentina, 1960-2017 Francisco Buera, Washington University in St. Louis Juan Pablo Nicolini, Senior Research Economist February 2019 | Federal Reserve Bank of Minneapolis Staff Report 580 In this chapter, we review the monetary and...
read moreBuera, Nicolini: The Monetary and Fiscal History of Bolivia, 1960-2017
The Monetary and Fiscal History of Bolivia, 1960-2017 Timothy J. Kehoe, University of Minnesota, Federal Reserve Bank of Minneapolis, National Bureau of Economic Research Carlos Gustavo Machicado, Institute for Advanced Development Studies (INESAD) José Peres-Cajías,...
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