Pedro Teles

 

Associate Professor, FCEE, Universidade Católica Portuguesa

Senior Economist, Banco de Portugal

Research fellow, CEPR

 

CV, CV (short)  

 

Banco de Portugal, DEE

R. Francisco Ribeiro N. 2

1150-165 Lisbon, Portugal

Tel +351-96-6362552

pteles@fcee.ucp.pt

           

 

Working Papers:

 

Exogenous Public Spending in the Optimal Taxation Problem

 

Monetary Policy and the Financing of Firms (with Fiorella De Fiore and Oreste Tristani)

 

Unique Monetary Equilibria with Interest Rate Rules (with Bernardino Adao and Isabel Correia). This is a revised version of Monetary Policy with Single Instrument Feedback Rules (with Bernardino Adao and Isabel Correia).

“Short and Long Interest Rate Targets” (with Bernardino Adao and Isabel Correia)

 

Money is an Experience Good: Competition and Trust in the Private Provision of Money (with Ramon Marimon and Juan Pablo

Nicolini)

 

“Is Quantity Theory still alive?” (with Harald Uhlig)

 

 

Published Papers:

 

On the Relevance of Exchange Rate Regimes for Stabilization Policy (with Bernardino Adao and Isabel Correia), forthcoming Journal of Economic Theory.

 

Optimal Fiscal and Monetary Policy: Equivalence Results (with Isabel Correia and Juan Pablo Nicolini), Journal of Political Economy 168, 1, 2008, p. 141-170.

 

Nominal Debt as a Burden on Monetary Policy'' (with Javier Diaz-Gimenez, Giorgia

Giovannetti, and Ramon Marimon), forthcoming Review of Economic Dynamics.

 

The Monetary Transmission Mechanism: Is It Relevant for Policy? (with Bernardino Adão and Isabel Correia), Journal of the European Economic Association, Papers and Proceedings, 2(2-3), 2004, p. 310-319.

 

Gaps and Triangles, Review of Economic Studies 70, 4, 2003, p. 699-713 (with Bernardino Adão and Isabel Correia).

 

Inside-Outside Money Competition, Journal of Monetary Economics 50, 8, 2003, p. 1701-1718 (with Ramon Marimon and Juan Pablo Nicolini).

 

The Optimal Mix of Taxes on Money, Consumption and Income', Journal of Monetary Economics 50, 4, 2003, p. 871-887 (with Fiorella De Fiore).

 

The Optimal Inflation Tax', Review of Economic Dynamics 2, 2, 1999, p. 325-346 (with Isabel Correia).

 

Is the Friedman Rule Optimal when Money is an Intermediate Good?', Journal of Monetary Economics 38, 2, 1996, p. 223-244 (with Isabel

Correia)

 

 

Other publications:

 

Principles of Optimal Stabilization Policy, (with I. Correia), Banco de Portugal Economic Bulletin, Summer 2008.

 

Ensuring Price Stability with an Interest Rate Rule (with B. Adao and I. Correia), Banco de Portugal Economic Bulletin, Summer 2007.

 

M1 and MZM: Is there a Stable Demand for Money? (with Ruilin Zhou), Journal of Economic Perspectives of the Federal Reserve Bank of Chicago QI, 2005, p. 50-63.

 

Simple Guidelines for Interest Rate Policy (with J. M. B. Brito), Banco de Portugal Economic Bulletin, Spring 2005.

 

The Optimal Price of Money, Journal of Economic Perspectives of the Federal Reserve Bank of Chicago, Q II, 2003, p. 29-39.