Roberto Tamborini
Biographic Data
| ID | 5739136 |
|---|---|
| NAME | Roberto Tamborini |
| GIVEN NAMES | Roberto |
| FAMILY NAME | Tamborini |
| SIGNATURE | TAMBORINI R |
| AFFILIATIONS | University of Trento |
| ORCID | 0000-0003-0416-1437 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 3 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1995 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 1 |
Current account imbalances and the Euro Area. Controversies and policy lessons
Heterogeneous Market Beliefs, Fundamentals and the Sovereign Debt Crisis in the Eurozone
The unprecedented sovereign debt crisis across the eurozone has prompted a new generation of models with ‘self‐fulfilling’ attacks on public debt. The model presented in this paper shows that multiple equilibria arise as investors have no direct information, and form heterogeneous rational beliefs, about the government's sustainable limit of the solvency primary balance. If beliefs of insolvency are sufficiently large, then the government is boun…
If the Financial System Is Complex, How Can We Regulate It
The great financial crisis that erupted in 2007 has shaken not only the world economy but also the so-called mainstream of economics. As a major corollary, the issue of how financial markets are or should be regulated is in the eye of the storm. In this article, we discuss a new approach to economic analysis that is gradually emerging from the current debate, that of complexity, which is gaining ground especially in finance, particularly in the f…
Living in EMU: Prices, Interest Rates and the Adjustment of Payments in a Monetary Union
Balance‐of‐payments problems for the EMU member countries will not vanish by virtue of the use of a single currency. This article discusses two aspects of the adjustment of payments in a monetary union that may have major repercussions for the EMU countries, for their policy‐makers and for the Union's institutional design. The first aspect concerns the role of national banking systems in the adjustment process. The second is the role of changes i…
Fallibility, Precautionary Behaviour and the New Keynesian Monetary Theory
In spite of a richness of New Keynesian models that provide the microfoundations to money non-neutrality, a systematic New Keynesian monetary theory is not ripe. In this paper the authors wish to propose a unifying theoretical monetary framework for these models, based on sequential time, uncertainty and incomplete markets. In this framework, we generalize the New Keynesian principle of fallibility and propose a model of precautionary behavior as…
If the Financial System Is Complex, How Can We Regulate It
The great financial crisis that erupted in 2007 has shaken not only the world economy but also the so-called mainstream of economics. As a major corollary, the issue of how financial markets are or should be regulated is in the eye of the storm. In this article, we discuss a new approach to economic analysis that is gradually emerging from the current debate, that of complexity, which is gaining ground especially in finance, particularly in the f…
Living in EMU: Prices, Interest Rates and the Adjustment of Payments in a Monetary Union
Balance‐of‐payments problems for the EMU member countries will not vanish by virtue of the use of a single currency. This article discusses two aspects of the adjustment of payments in a monetary union that may have major repercussions for the EMU countries, for their policy‐makers and for the Union's institutional design. The first aspect concerns the role of national banking systems in the adjustment process. The second is the role of changes i…
Fallibility, Precautionary Behaviour and the New Keynesian Monetary Theory
In spite of a richness of New Keynesian models that provide the microfoundations to money non-neutrality, a systematic New Keynesian monetary theory is not ripe. In this paper the authors wish to propose a unifying theoretical monetary framework for these models, based on sequential time, uncertainty and incomplete markets. In this framework, we generalize the New Keynesian principle of fallibility and propose a model of precautionary behavior as…
Living in EMU: Prices, Interest Rates and the Adjustment of Payments in a Monetary Union
Balance‐of‐payments problems for the EMU member countries will not vanish by virtue of the use of a single currency. This article discusses two aspects of the adjustment of payments in a monetary union that may have major repercussions for the EMU countries, for their policy‐makers and for the Union's institutional design. The first aspect concerns the role of national banking systems in the adjustment process. The second is the role of changes i…
If the Financial System Is Complex, How Can We Regulate It
The great financial crisis that erupted in 2007 has shaken not only the world economy but also the so-called mainstream of economics. As a major corollary, the issue of how financial markets are or should be regulated is in the eye of the storm. In this article, we discuss a new approach to economic analysis that is gradually emerging from the current debate, that of complexity, which is gaining ground especially in finance, particularly in the f…
Heterogeneous Market Beliefs, Fundamentals and the Sovereign Debt Crisis in the Eurozone
The unprecedented sovereign debt crisis across the eurozone has prompted a new generation of models with ‘self‐fulfilling’ attacks on public debt. The model presented in this paper shows that multiple equilibria arise as investors have no direct information, and form heterogeneous rational beliefs, about the government's sustainable limit of the solvency primary balance. If beliefs of insolvency are sufficiently large, then the government is boun…
Current account imbalances and the Euro Area. Controversies and policy lessons
Economics (5 works) · European Monetary and Fiscal Policies (3 works) · Finance (3 works) · Fiscal Policies and Political Economy (3 works) · Global Financial Crisis and Policies (3 works) · Macroeconomics (3 works) · Political science (3 works) · Banking stability, regulation, efficiency (2 works) · Computer Science (2 works) · Economic theories and models (2 works)