Title:International Competition and U.S. R&D Subsidies: A Quantitative Welfare Analysis
Author(s):IMPULLITI, GiammarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The geographical distribution of R&D investment changes dramatically in the 1970s and 1980s.
In the early 1970s U.S. firms are the uncontested world leaders in R&D investment in most manufacturing
sectors. Later, led by ...
Title:International Competition and U.S. R&D Subsidies: A Quantitative Welfare Analysis
Author(s):IMPULLITI, GiammarioDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:The geographical distribution of R&D investment changes dramatically in the 1970s
and 1980s. In the early 1970s U.S. firms are the uncontested world leaders in R&D
investment in most manufacturing sectors. Later, led by ...
Title:International Consumption Insurance and Within-Country Risk Reallocation
Author(s):LO PRETE, AnnaDate:2008Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:Institutions meant to reallocate risks that cannot be fully diversified on financial
markets, such as labour income fluctuations, may also affect the response of aggregate
consumption to country-specific income shocks. ...
Title:International Consumption Risk Sharing
Author(s):CANOVA, Fabio; RAVN, Morten O.Date:1996Type of Publication:ArticleAbstract:This paper formally examines the implications of international consumption risk sharing for a panel of industrialized countries. We theoretically derive the international consumption insurance proposition in a simple setup ...
Title:The International Dimension of Productivity and Demand Shocks in the US Economy
Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2008Type of Publication:Working PaperSeries/Report no.:CEPRAbstract:This paper investigates the international dimension of productivity and demand shocks to US manufacturing. Identifying shocks with sign restrictions based on standard theory predictions we find that productivity gains in ...
Title:International Dimensions of Optimal Monetary Policy
Author(s):CORSETTI, Giancarlo; PESENTI, PaoloDate:2005Type of Publication:ArticleAbstract:This paper provides a baseline general equilibrium model of optimal monetary policy among interdependent economies with monopolistic firms and nominal rigidities. An inward-looking policy of domestic price stabilization ...
Title:International Financial Markets, Cross-Border Transmission of Shocks and Risk-Sharing
Author(s):VIANI, FrancescaDate:2010Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:One of the most relevant events of the last decades has been the fast integration of international financial markets. As most restrictions to cross-border asset trade were removed, the volume of activity in international ...
Title:International Lending of Last Resort and Moral Hazard: A Model of IMF’s Catalytic Finance
Author(s):CORSETTI, Giancarlo; GUIMARAES, Bernardo; ROUBINI, NourielDate:2006Type of Publication:ArticleAbstract:This paper analyzes the trade-off between official liquidity provision and debtor moral hazard in international financial crises. In the model, crises are caused by the interaction of bad fundamentals, self-fulfilling runs ...
Title:International Macroeconomic Fluctuations and the Current Account
Author(s):HOFFMANN, MathiasDate:2003Type of Publication:ArticleAbstract:Intertemporal models of the current account generally assume that global shocks do not affect the current account. We use this assumption to identify global and country-specific shocks in a bivariate VAR of output and the ...