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Title:Towards a Theory of Firm Entry and Stabilization Policy Author(s):CORSETTI, Giancarlo; BERGIN, PaulDate:2005Type:Working PaperSeries/Number:2005/5376; CEPR Discussion PaperAbstract:This paper explores the role of stabilization policy in a model where firm entry responds to shocks and uncertainty. We evaluate stabilization policy in the context of a simple analytically solvable sticky price model, ...
Title:DSGE Models of High Exchange-Rate Volatility and Low Pass-Through Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2005Type:Working PaperSeries/Number:2005/5377; CEPR Discussion PaperAbstract:This paper develops a quantitative, dynamic, open-economy model which endogenously generates high exchange rate volatility, whereas a low degree of exchange rate pass-through (ERPT) stems from both nominal rigidities (in ...
Title:Productivity Spillovers, Terms of Trade and the 'Home Market Effect' Author(s):CORSETTI, Giancarlo; MARTIN, Philippe; PESENTI, PaoloDate:2005Type:Working PaperSeries/Number:2005/4964; CEPR Discussion PaperAbstract:This paper analyses the welfare implications of international spillovers related to productivity gains, changes in market size, or government spending. We introduce trade costs and endogenous varieties in a two-country ...
Title:Prudent Monetary Policy: applications of cautious LQG control and prediction Author(s):VAN DER PLOEG, FrederickDate:2003Citation:
- CEPR, 2003
Type:Working PaperSeries/Number:CEPR Discussion Paper; 4222
Title:Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction Author(s):VAN DER PLOEG, FrederickDate:2004Citation:
- CEPR, 2004
Type:Working PaperSeries/Number:CEPR Discussion Paper; 4222
Title:A General Test of Gaming Author(s):COURTY, Pascal; MARSCHKE, GeraldDate:2004Type:Working PaperSeries/Number:CEPR Discussion Paper; 4514
Title:Does Responsive Pricing Increase Efficiency? Evidence from pricing experiments in an internet café Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2003Citation:
- CEPR, 2003
Type:Working PaperSeries/Number:CEPR Discussion Paper; 4149
Title:Responsive Pricing Author(s):COURTY, Pascal; PAGLIERO, MarioDate:2003Citation:
- CEPR, 2003
Type:Working PaperSeries/Number:CEPR Discussion Paper; 4036
Title:Close to Balance or in Surplus: A Policy Maker's Guide to the Implementation of the Stability and Growth Pact Author(s):ARTIS, Michael J.; BUTI, MarcoDate:2000Type:Working PaperSeries/Number:CEPR Discussion Paper; 2515Abstract:Under the Stability and Growth Pact, countries are committed to achieving medium-term budget positions of “close to balance or in surplus”. The rationale for this commitment is that such budgetary positions would allow for ...
Title:The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies Author(s):ARTIS, Michael J.; EHRMANN, MichaelDate:2000Type:Working PaperSeries/Number:CEPR Discussion Paper; 2550Abstract:The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a monetary policy reaction function and taking account of exchange rate targeting practices. The object of the ...