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.
Paper

Credit subsidies

CATÓLICA-LISBON Researcher(s): Pedro Teles
Isabel Correia, Journal of Monetary Economic…, 2021
Paper

Should Robots Be Taxed?

CATÓLICA-LISBON Researcher(s): Pedro Teles
The Review of Economic Studie…, 2021
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Optimal capital taxation revisited

CATÓLICA-LISBON Researcher(s): Pedro Teles
V. V. Chari, Journal of Monetary Economic…, 2020
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What is the optimal immigration policy? Migration, jobs, and welfare

CATÓLICA-LISBON Researcher(s): Pedro Teles
Joao Guerreiro, Journal of Monetary Economic…, 2020
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Comments on monitoring money for price stability, by C. Hevia and J. P. Nicolini

CATÓLICA-LISBON Researcher(s): Pedro Teles
Pedro Teles, Journal of Economic Dynamics and Contro…, 2018
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Sovereign default: the role of expectations

CATÓLICA-LISBON Researcher(s): Pedro Teles
Ayres, J., Navarro, G., Nicolini, J.P., Journal of Economic Theor…, 2018
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Is Quantity Theory Still Alive?

CATÓLICA-LISBON Researcher(s): Pedro Teles
Teles, P., Economic Journa…, 2016
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Short and long interest rate targets

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adão, B., Journal of Monetary Economic…, 2014
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Unconventional fiscal policy at the zero bound

CATÓLICA-LISBON Researcher(s): Pedro Teles
Correia, I., American Economic Revie…, 2013
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Money is an experience good: Competition and trust in the private provision of money

CATÓLICA-LISBON Researcher(s): Pedro Teles
Marimon, R., Journal of Monetary Economic…, 2012
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Monetary policy and the financing of firms

CATÓLICA-LISBON Researcher(s): Pedro Teles
Fiore, F., American Economic Journal: Macroeconomic…, 2011
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Unique monetary equilibria with interest rate rules

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adão, B., Review of Economic Dynamic…, 2011
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Wage and price rigidity in a monetary union

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adao, B., Open Economies Revie…, 2010
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On the relevance of exchange rate regimes for stabilization policy

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adao, B., Journal of Economic Theor…, 2009
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Nominal debt as a burden on monetary policy

CATÓLICA-LISBON Researcher(s): Pedro Teles
Díaz-Giménez, J., Review of Economic Dynamic…, 2008
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Optimal fiscal and monetary policy: Equivalence results

CATÓLICA-LISBON Researcher(s): Pedro Teles
Correia, I., Journal of Political Econom…, 2008
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The monetary transmission mechanism: Is it relevant for policy?

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adao, B., Journal of the European Economic Associatio…, 2004
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Gaps and triangles

CATÓLICA-LISBON Researcher(s): Pedro Teles
Adao, B., Review of Economic Studie…, 2003
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Inside-outside money competition

CATÓLICA-LISBON Researcher(s): Pedro Teles
Marimon, R., Journal of Monetary Economic…, 2003
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The optimal mix of taxes on money, consumption and income

CATÓLICA-LISBON Researcher(s): Pedro Teles
De Fiore, F., Journal of Monetary Economic…, 2003
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The Optimal Inflation Tax

CATÓLICA-LISBON Researcher(s): Pedro Teles
Correia, I., Review of Economic Dynamic…, 1999
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Is the Friedman rule optimal when money is an intermediate good?

CATÓLICA-LISBON Researcher(s): Pedro Teles
Correia, I., Journal of Monetary Economic…, 1996
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O Desvio Deflacionista na Ausência de Cooperação Internacional em Contexto de Incerteza

CATÓLICA-LISBON Researcher(s): Pedro Teles
Francisco Torres, Economi…, 1986