Browsing RSCAS Articles by Author "DEDOLA, Luca"
Title:High exchange-rate volatility and low pass-through Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2008Citation:Journal of Monetary Economics, 2008, 55, 6, 1113-1128.Type of Publication:ArticleAbstract: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 ...
Title:International Risk Sharing and the Transmission of Productivity Shocks Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2008Citation:Review of Economic Studies, 2008, 75, 2, 443-473.Type of Publication:ArticleAbstract: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 ...
Title:A Macroeconomic Model of International Price Discrimination Author(s):CORSETTI, Giancarlo; DEDOLA, LucaDate:2005Citation:Journal of International Economics, 2005, 67, 1, 129-155Type of Publication:Article