Details about Pedro Teles

Access statistics for papers by Pedro Teles.

Last updated 2020-02-28. Update your information in the RePEc Author Service.

Short-id: pte24

Working Papers

2019

1. Optimal Cooperative Taxation in the Global Economy
   Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
2. Self-Fulfilling Debt Crises with Long Stagnations
   Working Papers, Federal Reserve Bank of Minneapolis
3. The Neutrality of Nominal Rates: How Long is the Long Run?
   Working Papers, Banco de Portugal, Economics and Research Department
4. What is the Optimal Immigration Policy? Migration, Jobs and Welfare
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (4)

2018

5. Credit Subsidies
   Working Papers, Banco de Portugal, Economics and Research Department
   Also in Working Paper Series, European Central Bank (2016)
6. Optimal Capital Taxation Revisited
   Working Papers, Federal Reserve Bank of Minneapolis
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2018)
7. Ramsey Taxation in the Global Economy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2017)
8. Ramsey Taxation in the Open Economy
   2018 Meeting Papers, Society for Economic Dynamics
9. Should Robots be Taxed?
   2018 Meeting Papers, Society for Economic Dynamics View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (14)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (14)
10. Sovereign Default: The Role of Expectations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2015) View citations (26)
    2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (8)
    See also Journal Article in Journal of Economic Theory (2018)

2016

11. More on the Optimal Taxation of Capital
    2016 Meeting Papers, Society for Economic Dynamics View citations (3)

2014

12. Credit Spreads and Credit Policies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

2013

13. Credit Spreads and the Zero Bound on Interest Rates
    2013 Meeting Papers, Society for Economic Dynamics
14. Is quantity theory still alive?
    Working Paper Series, European Central Bank View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (11)
    See also Journal Article in Economic Journal (2016)

2012

15. Money is an experience good: competition and trust in the private provision of money
    Staff Report, Federal Reserve Bank of Minneapolis View citations (8)
    Also in Working Papers, Barcelona Graduate School of Economics
    Working Papers, Banco de Portugal, Economics and Research Department (2011)
    Working Papers, Banco de Portugal, Economics and Research Department (2009)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009)
    Economics Working Papers, European University Institute (2011)
    See also Journal Article in Journal of Monetary Economics (2012)
16. Short and Long Interest Rate Targets
    2012 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Banco de Portugal, Economics and Research Department (2010) View citations (2)
    Working Papers, Federal Reserve Bank of Minneapolis (2010) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (9)
    See also Journal Article in Journal of Monetary Economics (2014)
17. Unconventional fiscal policy at the zero bound
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (6)
    Working Papers, Banco de Portugal, Economics and Research Department (2011) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (5)
    Working Paper, Harvard University OpenScholar
    See also Journal Article in American Economic Review (2013)

2009

18. Monetary Policy and the Financing of Firms
    Working Paper Series, European Central Bank View citations (1)
    Also in Working Papers, Banco de Portugal, Economics and Research Department (2009) View citations (1)
    2009 Meeting Papers, Society for Economic Dynamics (2009)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (2)
    See also Journal Article in American Economic Journal: Macroeconomics (2011)
19. Monetary Policy with State Contingent Interest Rates
    2009 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Banco de Portugal, Economics and Research Department (2004) View citations (2)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (2)
    Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (3)
20. On the Assumptions of the Optimal Taxation Problem: Is Distortionary Taxation a Burden or a Blessing?
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)

2008

21. Optimal fiscal and monetary policy: equivalence results
    Staff Report, Federal Reserve Bank of Minneapolis View citations (57)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (10)
    Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (38)
    Working Papers, Banco de Portugal, Economics and Research Department (2003) View citations (18)
    See also Journal Article in Journal of Political Economy (2008)

2007

22. Monetary Policy with Single Instrument Feedback Rules
    2007 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2004)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (8)
    Working Papers, Banco de Portugal, Economics and Research Department (2004)
23. Nominal Debt as a Burden on Monetary Policy
    Economics Working Papers, European University Institute View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (1)
    Working Papers, Banco de Portugal, Economics and Research Department (2006) View citations (2)
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (8)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2006) View citations (14)
    Working Papers, Barcelona Graduate School of Economics (2003) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (1)
    Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (13)
    See also Journal Article in Review of Economic Dynamics (2008)
24. On the Relevance of Exchange Rate Regimes for Stabilization Policy
    2007 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Banco de Portugal, Economics and Research Department (2006) View citations (19)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (7)
    See also Journal Article in Journal of Economic Theory (2009)

2005

25. Exchange Rate Regimes
    2005 Meeting Papers, Society for Economic Dynamics View citations (4)
26. Unique equilibrium with single monetary instrument rules
    Working Papers, Banco de Portugal, Economics and Research Department

2003

27. Inside-Outside Money Competition
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in Department of Economics Working Papers, Universidad Torcuato Di Tella (2001)
    Working Paper Series, Federal Reserve Bank of Chicago (2003) View citations (13)
    See also Journal Article in Journal of Monetary Economics (2003)
28. The Monetary Transmission Mechanism: Is it Relevant for Policy?
    Working Papers, Banco de Portugal, Economics and Research Department View citations (1)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (4)
    See also Journal Article in Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies (2005)

2002

29. The Optimal Mix of Taxes on Money, Consumption and Income
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Working Paper Series, European Central Bank (2002) View citations (2)
    Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (3)
    Working Papers, Banco de Portugal, Economics and Research Department (1999) View citations (3)
    See also Journal Article in Journal of Monetary Economics (2003)

2001

30. Gaps and Triangles
    Working Papers, Banco de Portugal, Economics and Research Department View citations (4)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (45)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (6)
    See also Journal Article in Review of Economic Studies (2003)

2000

31. Competition and Reputation
    Department of Economics Working Papers, Universidad Torcuato Di Tella View citations (3)
    Also in Economics Working Papers, European University Institute (1999) View citations (1)

1998

32. Electronic Money: Sustaining Low Inflation
    Economics Working Papers, European University Institute

1997

33. Electronic money: the end of inflation?
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (2)
34. The optimal inflation tax
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (9)
    See also Journal Article in Review of Economic Dynamics (1999)

1996

35. Is the Friedman Rule Optimal When Money is an Intermediate Good?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (75)
    See also Journal Article in Journal of Monetary Economics (1996)

Journal Articles

2018

1. Comments on monitoring money for price stability, by C. Hevia and J. P. Nicolini
   Journal of Economic Dynamics and Control, 2018, 89, (C), 64-67
2. Sovereign default: The role of expectations
   Journal of Economic Theory, 2018, 175, (C), 803-812 View citations (7)
   See also Working Paper (2018)

2017

3. Why wealth should not be taxed
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2017

2016

4. How can the Phillips curve be used for today's policy?
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2016 View citations (1)
5. Is Quantity Theory Still Alive?
   Economic Journal, 2016, 126, (591), 442-464 View citations (8)
   See also Working Paper (2013)

2014

6. Short and long interest rate targets
   Journal of Monetary Economics, 2014, 66, (C), 95-107 View citations (11)
   See also Working Paper (2012)
7. Sovereign Debt Crises
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2014

2013

8. Unconventional Fiscal Policy at the Zero Bound
   American Economic Review, 2013, 103, (4), 1172-1211 View citations (94)
   See also Working Paper (2012)

2012

9. Money is an experience good: Competition and trust in the private provision of money
   Journal of Monetary Economics, 2012, 59, (8), 815-825 View citations (8)
   See also Working Paper (2012)
10. On the targeting of short and long term interest rates
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2012

2011

11. Good (and not so good) policy at the zero bound
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2011
12. Monetary Policy and the Financing of Firms
    American Economic Journal: Macroeconomics, 2011, 3, (4), 112-42 View citations (25)
    See also Working Paper (2009)
13. Unique Monetary Equilibria with Interest Rate Rules
    Review of Economic Dynamics, 2011, 14, (3), 432-442 View citations (27)

2010

14. Wage and Price Rigidity in a Monetary Union
    Open Economies Review, 2010, 21, (1), 109-126 View citations (1)

2009

15. On the relevance of exchange rate regimes for stabilization policy
    Journal of Economic Theory, 2009, 144, (4), 1468-1488 View citations (29)
    See also Working Paper (2007)

2008

16. Nominal Debt as a Burden on Monetary Policy
    Review of Economic Dynamics, 2008, 11, (3), 493-514 View citations (40)
    See also Working Paper (2007)
17. Optimal Fiscal and Monetary Policy: Equivalence Results
    Journal of Political Economy, 2008, 116, (1), 141-170 View citations (58)
    See also Working Paper (2008)
18. Principles of Optimal Stabilization Policy
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2008

2007

19. Ensuring Price Stability with an Interest Rate Rule
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2007

2006

20. On the Costs of a Monetary Union
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2006

2005

21. A stable money demand: Looking for the right monetary aggregate
    Economic Perspectives, 2005, 29, (Q I), 50-63 View citations (40)
22. Simple Guidelines for Interest Rate Policy
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2005
23. The Monetary Transmission Mechanism: is it Relevant for Policy?
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2005 View citations (2)
    Also in Journal of the European Economic Association, 2004, 2, (2-3), 310-319 (2004) View citations (3)
    See also Working Paper (2003)

2004

24. Instruments of Monetary Policy
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2004 View citations (2)

2003

25. Gaps and Triangles
    Review of Economic Studies, 2003, 70, (4), 699-713 View citations (51)
    See also Working Paper (2001)
26. Inside-outside money competition
    Journal of Monetary Economics, 2003, 50, (8), 1701-1718 View citations (16)
    See also Working Paper (2003)
27. The Conduct of Monetary Policy: a Critical Review
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2003
28. The optimal mix of taxes on money, consumption and income
    Journal of Monetary Economics, 2003, 50, (4), 871-887 View citations (9)
    See also Working Paper (2002)
29. The optimal price of money
    Economic Perspectives, 2003, 27, (Q II), 29-39 View citations (9)

1999

30. Optimal inflaction
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 1999 View citations (2)
31. The Optimal Inflation Tax
    Review of Economic Dynamics, 1999, 2, (2), 325-346 View citations (49)
    See also Working Paper (1997)

1996

32. Is the Friedman rule optimal when money is an intermediate good?
    Journal of Monetary Economics, 1996, 38, (2), 223-244 View citations (74)
    See also Working Paper (1996)