Pedro Teles

Federal Reserve Bank of Chicago

230 South LaSalle Street

Chicago, IL 60604

United States

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

SCHOLARLY PAPERS

20

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Top 44,448

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1,059

SSRN CITATIONS
Rank 2,239

SSRN RANKINGS

Top 2,239

in Total Papers Citations

98

CROSSREF CITATIONS

432

Scholarly Papers (20)

1.
Downloads 135 (232,247)
Citation 16

Nominal Debt as a Burden on Monetary Policy

Number of pages: 34 Posted: 05 Aug 2004
Universidad Carlos III de Madrid - Department of Economics, Università di Firenze, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Federal Reserve Bank of Chicago
Downloads 68 (368,066)
Citation 2

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Nominal debt, monetary policy, time-consistency, Markov-perfect

Nominal Debt as a Burden on Monetary Policy

UPF Economics and Business Working Paper 841
Number of pages: 26 Posted: 30 Nov 2005
Universidad Carlos III de Madrid - Department of Economics, Università di Firenze, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Federal Reserve Bank of Chicago
Downloads 42 (461,844)
Citation 2

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Time-consistency, Monetary Policy, Debt, Recursive Equilibrium

Nominal Debt as a Burden on Monetary Policy

NBER Working Paper No. w13677
Number of pages: 34 Posted: 21 Dec 2007 Last Revised: 28 Dec 2007
European University Institute, Universidad Carlos III de Madrid - Department of Economics, Università di Firenze and Federal Reserve Bank of Chicago
Downloads 22 (572,202)

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Nominal Debt as a Burden on Monetary Policy

CEPR Discussion Paper No. DP6595
Number of pages: 36 Posted: 09 Jun 2008
Universidad Carlos III de Madrid - Department of Economics, Università di Firenze, European University Institute and Federal Reserve Bank of Chicago
Downloads 3 (716,422)
Citation 2
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indexed debt, Markov-perfect equilibrium, nominal debt, optimal monetary policy, time consistency

Optimal Fiscal and Monetary Policy: Equivalence Results

FRB of Chicago Working Paper No. 2002-16
Number of pages: 41 Posted: 19 May 2003
Bank of Portugal - Department of Economics, Universitat Pompeu Fabra and Federal Reserve Bank of Chicago
Downloads 108 (275,428)
Citation 21

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Optimal Fiscal and Monetary Policy: Equivalence Results

Number of pages: 36 Posted: 19 Feb 2003
Bank of Portugal - Department of Economics, Universitat Pompeu Fabra and Federal Reserve Bank of Chicago
Downloads 22 (572,202)
Citation 13
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Optimal fiscal and monetary policy, sticky prices

3.
Downloads 125 (246,341)
Citation 6

Is Quantity Theory Still Alive?

ECB Working Paper No. 1605
Number of pages: 31 Posted: 08 Nov 2013
Pedro Teles and Harald Uhlig
Federal Reserve Bank of Chicago and University of Chicago - Department of Economics
Downloads 68 (368,066)

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quantity theory, money demand, money demand elasticity, inflation targeting

Is Quantity Theory Still Alive?

NBER Working Paper No. w16393
Number of pages: 29 Posted: 27 Sep 2010 Last Revised: 17 Oct 2010
Pedro Teles and Harald Uhlig
Federal Reserve Bank of Chicago and University of Chicago - Department of Economics
Downloads 52 (421,483)

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Is Quantity Theory Still Alive?

CEPR Discussion Paper No. DP8049
Number of pages: 27 Posted: 22 Nov 2010
Pedro Teles and Harald Uhlig
Federal Reserve Bank of Chicago and University of Chicago - Department of Economics
Downloads 4 (707,168)
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Inflation, Money demand, Quantity Theory of Money

Is Quantity Theory Still Alive?

The Economic Journal, Vol. 126, Issue 591, pp. 442-464, 2016
Number of pages: 23 Posted: 07 Mar 2016
Federal Reserve Bank of Chicago, University of Chicago - Department of Economics and Vrije Universiteit Amsterdam, School of Business and Economics
Downloads 1 (742,116)
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The Optimal Mix of Taxes on Money, Consumption and Income

ECB Working Paper No. 135, FRB Chicago Working Paper No. 2002-03
Number of pages: 34 Posted: 27 Feb 2003
Fiorella De Fiore and Pedro Teles
Bank for International Settlements (BIS) - Monetary and Economic Department and Federal Reserve Bank of Chicago
Downloads 88 (315,900)

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Friedman rule, inflation tax, transactions technology

The Optimal Mix of Taxes on Money, Consumption and Income

Number of pages: 23 Posted: 20 Aug 2002
Fiorella De Fiore and Pedro Teles
Bank for International Settlements (BIS) - Monetary and Economic Department and Federal Reserve Bank of Chicago
Downloads 13 (636,890)
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Friedman rule, inflation tax, transactions technology

5.
Downloads 95 (298,442)
Citation 12

Inside-Outside Money Competition

FRB Chicago Working Paper No. 2003-09
Number of pages: 32 Posted: 07 Jan 2004
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Universitat Pompeu Fabra and Federal Reserve Bank of Chicago
Downloads 80 (335,227)

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Inside-Outside Money Competition

Number of pages: 26 Posted: 22 Oct 2003
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Universitat Pompeu Fabra and Federal Reserve Bank of Chicago
Downloads 15 (621,916)
Citation 6
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Electronic money, inside money, currency competition, reputation, inflation

6.

The Optimal Price of Money

Number of pages: 11 Posted: 05 Aug 2003
Pedro Teles
Federal Reserve Bank of Chicago
Downloads 88 (313,300)

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Friedman rule, Inflation tax, Optimum Quantity of money

7.
Downloads 79 (334,452)
Citation 24

Gaps and Triangles

Number of pages: 24 Posted: 27 Dec 2001
Banco de Portugal, Bank of Portugal - Department of Economics and Federal Reserve Bank of Chicago
Downloads 65 (377,087)
Citation 3

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optimal cyclical monetary policy, Friedman rule, prices set in advance

Gaps and Triangles

Number of pages: 32 Posted: 28 Feb 2001
Banco de Portugal, Bank of Portugal - Department of Economics and Federal Reserve Bank of Chicago
Downloads 14 (629,436)
Citation 1
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Friedman Rule, Optimal Cyclical Monetary Policy, Prices Set in Advance

8.

Monetary Policy with State Contingent Interest Rates

Number of pages: 27 Posted: 03 Jan 2005
Banco de Portugal, Bank of Portugal - Department of Economics and Federal Reserve Bank of Chicago
Downloads 54 (407,677)
Citation 1

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Monetary policy, policy instruments, sticky prices, state-contingent interest rates

9.
Downloads 51 (418,191)
Citation 17

Monetary Policy and the Financing of Firms

ECB Working Paper No. 1123
Number of pages: 50 Posted: 08 Dec 2009
Bank for International Settlements (BIS) - Monetary and Economic Department, Federal Reserve Bank of Chicago and European Central Bank (ECB)
Downloads 46 (444,871)

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Financial stability, debt deflation, bankruptcy costs, price level volatility, optimal monetary policy, stabilization policy

Monetary Policy and the Financing of Firms

CEPR Discussion Paper No. DP7419
Number of pages: 37 Posted: 08 Sep 2009
Bank for International Settlements (BIS) - Monetary and Economic Department, Federal Reserve Bank of Chicago and European Central Bank (ECB)
Downloads 5 (698,942)
Citation 3
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bankruptcy costs, debt deflation, Financial stability, optimal monetary policy, price level volatility, stabilization policy

10.

Monetary Policy with Single Instrument Feedback Rules

Number of pages: 24 Posted: 05 Jan 2005
Banco de Portugal, Bank of Portugal - Department of Economics and Federal Reserve Bank of Chicago
Downloads 47 (432,967)
Citation 1

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Monetary policy, interest rate rules, unique equilibrium

11.

Credit Subsidies

ECB Working Paper No. 1877
Number of pages: 48 Posted: 18 Jan 2016
Bank of Portugal - Department of Economics, Bank for International Settlements (BIS) - Monetary and Economic Department, Federal Reserve Bank of Chicago and European Central Bank (ECB)
Downloads 33 (492,696)

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credit policy, credit subsidies, monetary policy, zero-lower bound on nominal interest rates, banks, costly enforcement

12.
Downloads 32 (497,604)
Citation 3

Should Robots Be Taxed?

NBER Working Paper No. w23806
Number of pages: 73 Posted: 11 Sep 2017
Joao Guerreiro, Sergio T. Rebelo and Pedro Teles
Northwestern University, Northwestern University - Kellogg School of Management and Federal Reserve Bank of Chicago
Downloads 31 (515,411)

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Should Robots Be Taxed?

CEPR Discussion Paper No. DP12238
Number of pages: 47 Posted: 29 Aug 2017 Last Revised: 04 Sep 2017
Joao Guerreiro, Sergio T. Rebelo and Pedro Teles
Northwestern University, Northwestern University - Kellogg School of Management and Federal Reserve Bank of Chicago
Downloads 1 (742,116)
Citation 1
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automation, inequality, optimal taxation, robots.

13.
Downloads 31 (502,460)
Citation 74

Unconventional Fiscal Policy at the Zero Bound

NBER Working Paper No. w16758
Number of pages: 28 Posted: 07 Feb 2011
Bank of Portugal - Economic Research Department, Harvard University - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Minneapolis and Federal Reserve Bank of Chicago
Downloads 27 (538,935)

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Unconventional Fiscal Policy at the Zero Bound

CEPR Discussion Paper No. DP8193
Number of pages: 31 Posted: 31 Jan 2011
Bank of Portugal - Economic Research Department, Harvard University - Department of Economics, Universitat Pompeu Fabra and Federal Reserve Bank of Chicago
Downloads 4 (707,168)
Citation 18
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Fiscal policy, Monetary Policy, Sticky Prices, Zero Bound;

14.

On the Relevance of Exchange Rate Regimes for Stabilization Policy

CEPR Discussion Paper No. 5797
Number of pages: 36 Posted: 10 Oct 2006
Bank of Portugal - Research Department, Bank of Portugal - Economic Research Department and Federal Reserve Bank of Chicago
Downloads 22 (554,237)
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Monetary union, fixed exchange rates, fiscal and monetary policy, stabilization policy, labour mobility, nominal rigidities

15.

Monetary Policy with Single Instrument Feedback Rules

Number of pages: 21 Posted: 27 Jul 2005
Bank of Portugal - Research Department, Bank of Portugal - Department of Economics and Federal Reserve Bank of Chicago
Downloads 21 (560,508)
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Monetary policy, interest rate rules, unique equilibrium

What is the Optimal Immigration Policy? Migration, Jobs and Welfare

NBER Working Paper No. w26154
Number of pages: 60 Posted: 20 Aug 2019
Joao Guerreiro, Sergio T. Rebelo and Pedro Teles
Northwestern University, Northwestern University - Kellogg School of Management and Federal Reserve Bank of Chicago
Downloads 7 (683,077)
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What is the Optimal Immigration Policy? Migration, Jobs and Welfare

CEPR Discussion Paper No. DP13909
Number of pages: 62 Posted: 20 Aug 2019 Last Revised: 02 Mar 2020
Joao Guerreiro, Sergio T. Rebelo and Pedro Teles
Northwestern University, Northwestern University - Kellogg School of Management and Federal Reserve Bank of Chicago
Downloads 0
Citation 3
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Immigration, optimal taxation, redistribution, Welfare state

17.

Short and Long Interest Rate Targets

CEPR Discussion Paper No. DP7935
Number of pages: 24 Posted: 26 Jul 2010
Banco de Portugal, Bank of Portugal - Economic Research Department and Federal Reserve Bank of Chicago
Downloads 5 (669,701)
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long rates, Monetary policy, monetary policy instruments, multiplicity of equilibria, short rates, sticky prices, term structure

18.

Money is an Experience Good: Competition and Trust in the Private Provision of Money

CEPR Discussion Paper No. DP7418
Number of pages: 27 Posted: 08 Sep 2009
European University Institute, Universitat Pompeu Fabra and Federal Reserve Bank of Chicago
Downloads 2 (695,641)
Citation 1
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Currency competition, Experience goods, Inflation, Trust

19.

Sovereign Default: The Role of Expectations

CEPR Discussion Paper No. DP12750
Number of pages: 16 Posted: 26 Feb 2018
Inter-American Development Bank (IDB), Board of Governors of the Federal Reserve System, Universitat Pompeu Fabra and Federal Reserve Bank of Chicago
Downloads 1 (707,942)
Citation 4
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Sovereign default; multiple equilibria; good and bad times.

20.

Ramsey Taxation in the Global Economy

CEPR Discussion Paper No. DP12753
Number of pages: 32 Posted: 26 Feb 2018
V. Chari, Juan Pablo Nicolini and Pedro Teles
University of Minnesota - Minneapolis, Universitat Pompeu Fabra and Federal Reserve Bank of Chicago
Downloads 0 (726,093)
Citation 1
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Capital income tax; free trade; value-added taxes; border adjustment; origin- and destination-based taxation; production e