Browsing Department of Economics (ECO) by Subject "F42"

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Browsing Department of Economics (ECO) by Subject "F42"

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    Title: The International Risk-Sharing Puzzle is at Business Cycle and Lower Frequency  Author(s): CORSETTI, Giancarlo; DEDOLA, Luca; VIANI, Francesca Date: 2011-01-01 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We decompose the Backus-Smith [1993] statistic -- a low or negative correlation between relative consumption and the real exchange rate at odds with a high degree of international risk sharing -- in its dynamic components ...
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    Title: Bank Bail-Outs, International Linkages and Cooperation  Author(s): NIEPMANN, Friederike; SCHMIDT-EISENLOHR, Tim Date: 2010 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Financial institutions are increasingly linked internationally and engaged in cross-border operations. As a result, financial crises and potential bail-outs by governments have important international implications. ...
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    Title: The Volatility Costs of Procyclical Lending Standards: An Assessment Using a DSGE Model  Author(s): GRUSS, Bertrand; SGHERRI, Silvia Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: The ongoing financial turmoil has triggered a lively debate on ways of containing systemic risk and lessening the likelihood of future boom-and-bust episodes in credit markets. Particularly, it has been argued that banking ...
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    Title: Twin Deficits, Openness and the Business Cycle  Author(s): CORSETTI, Giancarlo; MÜLLER, Gernot J. Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: In this paper, we study the co-movement of the government budget balance and the trade balance at business cycle frequencies. In a sample of 10 OECD countries we find that the correlation of the two time series is negative, ...
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    Title: Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism among G7 Countries  Author(s): CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, Sylvain Date: 2006 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper investigates the international transmission of productivity shocks in a sample of ve G7 countries. For each country, using long-run restrictions, we identify shocks that increase permanently domestic labor ...