Details about Pedro Teles

Access statistics for papers by Pedro Teles.

Last updated 2022-06-08. Update your information in the RePEc Author Service.

Short-id: pte24

Working Papers

2022

1. Appendix for: Optimal Cooperative Taxation in the Global Economy
   Staff Report, Federal Reserve Bank of Minneapolis
2. Optimal Cooperative Taxation in the Global Economy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2019) View citations (2)
   Working Papers, Banco de Portugal, Economics and Research Department (2022)

2019

3. Self-Fulfilling Debt Crises with Long Stagnations
   Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
4. The Neutrality of Nominal Rates: How Long is the Long Run?
   Working Papers, Banco de Portugal, Economics and Research Department View citations (1)
5. What is the Optimal Immigration Policy? Migration, Jobs and Welfare
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (8)
   See also Journal Article in Journal of Monetary Economics (2020)

2018

6. Credit Subsidies
   Working Papers, Banco de Portugal, Economics and Research Department
   Also in Working Paper Series, European Central Bank (2016)
   See also Journal Article in Journal of Monetary Economics (2021)
7. Optimal Capital Taxation Revisited
   Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2018) View citations (1)
   See also Journal Article in Journal of Monetary Economics (2020)
8. Ramsey Taxation in the Global Economy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in Working Papers, Federal Reserve Bank of Minneapolis (2017)
9. Ramsey Taxation in the Open Economy
   2018 Meeting Papers, Society for Economic Dynamics
10. Should Robots be Taxed?
    2018 Meeting Papers, Society for Economic Dynamics View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (43)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (45)
11. Sovereign Default: The Role of Expectations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (42)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (26)
    Working Papers, Federal Reserve Bank of Minneapolis (2015) View citations (29)
    See also Journal Article in Journal of Economic Theory (2018)

2016

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

2014

13. Credit Spreads and Credit Policies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)

2013

14. Credit Spreads and the Zero Bound on Interest Rates
    2013 Meeting Papers, Society for Economic Dynamics
15. Is quantity theory still alive?
    Working Paper Series, European Central Bank View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (20)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (20)
    See also Journal Article in Economic Journal (2016)

2012

16. Money is an experience good: competition and trust in the private provision of money
    Staff Report, Federal Reserve Bank of Minneapolis View citations (13)
    Also in Working Papers, Barcelona School of Economics View citations (17)
    Economics Working Papers, European University Institute (2011)
    Working Papers, Banco de Portugal, Economics and Research Department (2011)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009)
    Working Papers, Banco de Portugal, Economics and Research Department (2009)
    See also Journal Article in Journal of Monetary Economics (2012)
17. 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 (4)
    Working Papers, Federal Reserve Bank of Minneapolis (2010) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (12)
    See also Journal Article in Journal of Monetary Economics (2014)
18. 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 (15)
    Working Papers, Banco de Portugal, Economics and Research Department (2011) View citations (17)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (15)
    Working Paper, Harvard University OpenScholar
    See also Journal Article in American Economic Review (2013)

2009

19. Monetary Policy and the Financing of Firms
    Working Papers, Banco de Portugal, Economics and Research Department View citations (2)
    Also in Working Paper Series, European Central Bank (2009) View citations (2)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (2)
    See also Journal Article in American Economic Journal: Macroeconomics (2011)
20. 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)
    Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (3)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (3)
21. 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

22. Optimal fiscal and monetary policy: equivalence results
    Staff Report, Federal Reserve Bank of Minneapolis View citations (67)
    Also in Working Papers, Banco de Portugal, Economics and Research Department (2003) View citations (19)
    Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (38)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (14)
    See also Journal Article in Journal of Political Economy (2008)

2007

23. Monetary Policy with Single Instrument Feedback Rules
    2007 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers, Banco de Portugal, Economics and Research Department (2004)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (8)
    Working Paper Series, Federal Reserve Bank of Chicago (2004)
24. Nominal Debt as a Burden on Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (8)
    Working Papers, Banco de Portugal, Economics and Research Department (2006) View citations (3)
    Working Paper Series, Federal Reserve Bank of Chicago (2004) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (1)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2006) View citations (14)
    Working Papers, Barcelona School of Economics (2003) View citations (6)
    Economics Working Papers, European University Institute (2007) View citations (1)
    See also Journal Article in Review of Economic Dynamics (2008)
25. 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 (21)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (17)
    See also Journal Article in Journal of Economic Theory (2009)

2005

26. Exchange Rate Regimes
    2005 Meeting Papers, Society for Economic Dynamics View citations (8)
27. Unique equilibrium with single monetary instrument rules
    Working Papers, Banco de Portugal, Economics and Research Department

2003

28. Inside-Outside Money Competition
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2003) View citations (16)
    Department of Economics Working Papers, Universidad Torcuato Di Tella (2001)
    See also Journal Article in Journal of Monetary Economics (2003)
29. The Monetary Transmission Mechanism: Is it Relevant for Policy?
    Working Papers, Banco de Portugal, Economics and Research Department View citations (2)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (5)
    See also Journal Article in Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies (2005)

2002

30. 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 (3)
    Working Papers, Banco de Portugal, Economics and Research Department (1999) View citations (3)
    Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (3)
    See also Journal Article in Journal of Monetary Economics (2003)

2001

31. Gaps and Triangles
    Working Papers, Banco de Portugal, Economics and Research Department View citations (7)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (49)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (7)
    See also Journal Article in Review of Economic Studies (2003)

2000

32. 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

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

1997

34. Electronic money: the end of inflation?
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (4)
35. The optimal inflation tax
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (11)
    See also Journal Article in Review of Economic Dynamics (1999)

1996

36. Is the Friedman Rule Optimal When Money is an Intermediate Good?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (95)
    See also Journal Article in Journal of Monetary Economics (1996)

Journal Articles

2021

1. Credit subsidies
   Journal of Monetary Economics, 2021, 118, (C), 2-14
   See also Working Paper (2018)
2. Simple guidelines for the taxation of housing
   Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2021

2020

3. Optimal capital taxation revisited
   Journal of Monetary Economics, 2020, 116, (C), 147-165 View citations (7)
   See also Working Paper (2018)
4. What is the optimal immigration policy? Migration, jobs, and welfare
   Journal of Monetary Economics, 2020, 113, (C), 61-87 View citations (5)
   See also Working Paper (2019)

2018

5. 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
6. Sovereign default: The role of expectations
   Journal of Economic Theory, 2018, 175, (C), 803-812 View citations (22)
   See also Working Paper (2018)

2017

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

2016

8. 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)
9. Is Quantity Theory Still Alive?
   Economic Journal, 2016, 126, (591), 442-464 View citations (18)
   See also Working Paper (2013)

2014

10. Short and long interest rate targets
    Journal of Monetary Economics, 2014, 66, (C), 95-107 View citations (12)
    See also Working Paper (2012)
11. Sovereign Debt Crises
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2014 View citations (1)

2013

12. Unconventional Fiscal Policy at the Zero Bound
    American Economic Review, 2013, 103, (4), 1172-1211 View citations (155)
    See also Working Paper (2012)

2012

13. 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 (18)
    See also Working Paper (2012)
14. 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

15. Good (and not so good) policy at the zero bound
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2011
16. Monetary Policy and the Financing of Firms
    American Economic Journal: Macroeconomics, 2011, 3, (4), 112-42 View citations (36)
    See also Working Paper (2009)
17. Unique Monetary Equilibria with Interest Rate Rules
    Review of Economic Dynamics, 2011, 14, (3), 432-442 View citations (32)

2010

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

2009

19. On the relevance of exchange rate regimes for stabilization policy
    Journal of Economic Theory, 2009, 144, (4), 1468-1488 View citations (37)
    See also Working Paper (2007)

2008

20. Nominal Debt as a Burden on Monetary Policy
    Review of Economic Dynamics, 2008, 11, (3), 493-514 View citations (57)
    See also Working Paper (2007)
21. Optimal Fiscal and Monetary Policy: Equivalence Results
    Journal of Political Economy, 2008, 116, (1), 141-170 View citations (81)
    See also Working Paper (2008)
22. Principles of Optimal Stabilization Policy
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2008

2007

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

2006

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

2005

25. A stable money demand: Looking for the right monetary aggregate
    Economic Perspectives, 2005, 29, (Q I), 50-63 View citations (48)
26. Simple Guidelines for Interest Rate Policy
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2005
27. 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 (5)
    See also Working Paper (2003)

2004

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

2003

29. Gaps and Triangles
    Review of Economic Studies, 2003, 70, (4), 699-713 View citations (70)
    See also Working Paper (2001)
30. Inside-outside money competition
    Journal of Monetary Economics, 2003, 50, (8), 1701-1718 View citations (19)
    See also Working Paper (2003)
31. The Conduct of Monetary Policy: a Critical Review
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 2003
32. The optimal mix of taxes on money, consumption and income
    Journal of Monetary Economics, 2003, 50, (4), 871-887 View citations (16)
    See also Working Paper (2002)
33. The optimal price of money
    Economic Perspectives, 2003, 27, (Q II), 29-39 View citations (9)

1999

34. Optimal inflaction
    Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, 1999 View citations (2)
35. The Optimal Inflation Tax
    Review of Economic Dynamics, 1999, 2, (2), 325-346 View citations (56)
    See also Working Paper (1997)

1996

36. Is the Friedman rule optimal when money is an intermediate good?
    Journal of Monetary Economics, 1996, 38, (2), 223-244 View citations (94)
    See also Working Paper (1996)