Pedro Teles is a Full Professor at CATÓLICA-LISBON. He is also a Researcher at the Bank of Portugal and a Research Fellow of the CEPR. He holds a PhD in Economics (The University of Chicago) and an undergraduate degree in Economics (UCP). He was a Senior Economist in the Research Department at the Federal Reserve Bank of Chicago between 2001 and 2004, and has taught in the Ph.D. programs at Universitat Pompeu Fabra and University College London. He has worked on various issues of monetary and fiscal policy, including the optimality of the Friedman rule, time consistent policies, optimal stabilization policy, optimal currency areas, and instruments of monetary policy.
Publications
Paper
Credit subsidies
Journal of Monetary Economic…, 2021
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Paper
Optimal Cooperative Taxation in the Global Economy
Journal of Political Economy, 2021
Paper
Should Robots Be Taxed?
The Review of Economic Studie…, 2021
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Optimal capital taxation revisited
Journal of Monetary Economic…, 2020
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What is the optimal immigration policy? Migration, jobs, and welfare
Journal of Monetary Economic…, 2020
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Comments on monitoring money for price stability, by C. Hevia and J. P. Nicolini
Journal of Economic Dynamics and Contro…, 2018
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Sovereign default: the role of expectations
Journal of Economic Theor…, 2018
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Is Quantity Theory Still Alive?
Economic Journa…, 2016
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Unconventional fiscal policy at the zero bound
American Economic Revie…, 2013
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Money is an experience good: Competition and trust in the private provision of money
Journal of Monetary Economic…, 2012
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Monetary policy and the financing of firms
American Economic Journal: Macroeconomic…, 2011
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Nominal debt as a burden on monetary policy
Review of Economic Dynamic…, 2008
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Optimal fiscal and monetary policy: Equivalence results
Journal of Political Econom…, 2008
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Inside-outside money competition
Journal of Monetary Economic…, 2003
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The optimal mix of taxes on money, consumption and income
Journal of Monetary Economic…, 2003
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The Optimal Inflation Tax
Review of Economic Dynamic…, 1999
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Is the Friedman rule optimal when money is an intermediate good?
Journal of Monetary Economic…, 1996
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O Desvio Deflacionista na Ausência de Cooperação Internacional em Contexto de Incerteza
Economi…, 1986
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