Zettelmeyer

07 Dec 18
YouFinance

Collective Action Clauses are like prenuptial agreements: distinctly unromantic at the beginning but extraordinarily useful at the end. (Buccheit, 2002) COLLECTIVE ACTION CLAUSES IN SOVEREIGN BONDS CACs are contractual clauses that allow a certain majority of bondholders to change some features of the bond itself (e.g. maturity, interest rate, frequency of payment, etc.) and to make this […]

28 Nov 18
Open Review of Management, Banking and Finance

by Fabiano Colombini  Abstract: This paper analyses the BTP-Bund spread evolution by focussing on the  impact it has on public debt, banks, financial intermediaries, financial markets and the Italian economy  during the period January-to-October 2018. In this regard, the BTP-Bund spread represents the difference between the yield of Italian bonds and that of German  bonds […]

01 Nov 18
Rivista Fiscale Web

Gli effetti generalmente espansivi della manovra bocciata dalla Ue verrebbero prevedibilmente annullati dall’impennata nei tassi di interesse. Anche ipotizzando un moltiplicatore particolarmente generoso. Il governo italiano si trova in una situazione di stallo con la Commissione Europea sulla sua prima bozza di bilancio. Invece di ridurre il disavanzo, come promesso dal governo precedente, il nuovo […]

27 Oct 18
DAMIJAN blog

Maybe We Should Take Socialism Seriously – Noah Smith Curiosity can save us when lies come dressed as numbers – Tim Harford Italy’s Budget Isn’t as Crazy as It Seems – Ashoka Mody The Italian Budget: A Case of Contractionary Fiscal Expansion? – Olivier Blanchard & Jeronim Zettelmeyer Why should someone who is anti-austerity care […]

28 Jun 18
NIHR CLAHRC West Midlands News Blog

There is a substantive body of medical methodological research in which the results of RCTs for a given treatment are compared to the results of observational studies for that same treatment. They show that, as compared to the RCTs, effect sizes in the observational studies are similar to those in RCTs, but that they are […]

24 May 18
Stopeuro

Il crescendo di ingerenze al quale ci ha abituati in queste settimane l’establishment europeo, del quale La Verità ha dato conto a più riprese, testimonia quanto sia sgradita ai burocrati di Bruxelles l’eventualità di un governo gialloblù. Negli ultimi giorni è toccato sorbirci i rimbrotti dei due vicepresidenti della Commissione europea, Valdis Dombrovskis e Jyrki Katainen, e dei commissari Dimitris Avramopoulos (Affari […]

12 Apr 18
Information Resource Center

The Search for a Euro Area Safe Asset. Peterson Institute for International Economics. Álvaro Leandro and Jeromin Zettelmeyer.  Working Paper 18-3. March 2018  This paper evaluates four approaches to creating “safe assets” or asset portfolios for the euro area: (1) a diversified portfolio of senior tranches of sovereign debt (“national tranching”); (2) a senior security […]