Robert Schuman Centre for Advanced Studies (RSCAS)
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Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Subject
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Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Subject "E32"
Now showing items 1-5 of 5
Title:The Banking and Distribution Sectors in a Small Open Economy DSGE Model
Author(s):DEÁK, Szabolcs; FONTAGNE, Lionel; MAFFEZZOLI, Marco; MARCELLINO, MassimilianoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The recent crisis has emphasized the role of financial - macroeconomic interactions, and international trade in goods and services, in the transmission of the shocks. Both phenomena, closely related to the higher degree ...
Title:Monetary Policy and Mismeasured Inflation
Author(s):WEBER, HenningDate:2009Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:I examine the standard New Keynesian model augmented with product entry and
exit. The statistical agency in the model measures product entry with a delay. Consequently,
measured in
ation departs from true, utility-based ...
Title:Some Business Cycle Consequences of Trade Agreements: Th e Case of the North American Free Trade Agreement
Author(s):BEJAN, MariaDate:2007Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper investigates the effects of signing a trade agreement on the correlations of the business
cycle fluctuations of consumption, investment and output between two countries. We construct an
international business ...
Title:Empirical Evidence on Growth and Volatility
Author(s):STASTNY, Michael; ZAGLER, MartinDate:2007Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper empirically investigates the relationship between long-run economic growth and output
volatility. There is an emerging theoretical literature on the topic which is inconclusive on the size and
direction of the ...
Title:Twin Deficits, Openness and the Business Cycle
Author(s):CORSETTI, Giancarlo; MÜLLER, Gernot J.Date:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract: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, ...