Browsing ECO Articles by Author "LEDUC, Sylvain"

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Browsing ECO Articles by Author "LEDUC, Sylvain"

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    Title: High exchange-rate volatility and low pass-through  Author(s): CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, Sylvain Date: 2008 Type of Publication: Article Abstract: Two specifications of an open-economy model are shown to generate high exchange-rate volatility and low exchange-rate pass-through (ERPT). In the model, price discrimination causes ERPT to be incomplete in both the short ...
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    Title: International Risk Sharing and the Transmission of Productivity Shocks  Author(s): CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, Sylvain Date: 2008 Type of Publication: Article Abstract: This paper shows that standard international business cycle models can be reconciled with the empirical evidence on the lack of consumption risk sharing. First, we show analytically that with incomplete asset markets ...