Browsing by Author "Correia, Isabel"
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- Business cycles in a small open economyPublication . Correia, Isabel; Neves, João C.; Rebelo, SergioThis paper discusses a dynamic model that is consistent with the main empirical regularities of economic fluctuations in open economies. While other models in this class have relied on non-separable preferences or finite horizons to generate a realistic consumption volatility, we show that there is a simple class of time separable preferences that is consistent with the cyclical volatilities of the components of the national income accounts identity as well as with the countercyclical character of the balance of trade.
- Unconventional fiscal policy at the zero boundPublication . Correia, Isabel; Farhi, Emmanuel; Nicolini, Juan Pablo; Teles, PedroWhen the zero lower bound on nominal interest rates binds, monetary policy cannot provide appropriate stimulus. We show that, in the standard New Keynesian model, tax policy can deliver such stimulus at no cost and in a time-consistent manner. There is no need to use inefficient policies such as wasteful public spending or future commitments to low interest rates.
- Violência em contexto escolar: quais as estratégias para a combater? Uma revisão integrativa da literaturaPublication . Correia, Isabel; Réfega, Joana; Santos, Marta; Festas, Constança