Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Author "MARCELLINO, Massimiliano"

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Browsing Robert Schuman Centre for Advanced Studies (RSCAS) by Author "MARCELLINO, Massimiliano"

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    Title: Economic outlook for the Euro area in 2013 and 2014  Author(s): MARCELLINO, Massimiliano Date: 2013 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: • In 2013, the expansion of the world economy will be a bit stronger than in 2012. Growth in Asia should be more dynamic than in 2012, and the US economy appears to robustly withstand the restrictive and unstable US fiscal ...
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    Title: Global economy report : January 2013  Author(s): LIMONTA, Daniele; MARCELLINO, Massimiliano; PANELLI, Francesca; STANZINI, Alessandro; TRAVERSO, Maria Eleonora; MARTINO, Alberta Date: 2013 Type of Publication: Technical Report Series/Report no.: Global Governance Programme Abstract: The objective of the Report is to provide an analysis of the current and expected macroeconomic and financial conditions at the global level, with also a focus on key economic areas such as Europe, the USA and ASIA.
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    Title: Global economy report : February 2013  Author(s): LIMONTA, Daniele; MARCELLINO, Massimiliano; PANELLI, Francesca; STANZINI, Alessandro; TRAVERSO, Maria Eleonora; MARTINO, Alberta Date: 2013 Type of Publication: Technical Report Series/Report no.: Global Governance Programme Abstract: The objective of the Report is to provide an analysis of the current and expected macroeconomic and financial conditions at the global level, with also a focus on key economic areas such as Europe, the USA and ASIA.
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    Title: Global economy report : March 2013  Author(s): LIMONTA, Daniele; MARCELLINO, Massimiliano; PANELLI, Francesca; STANZINI, Alessandro; TRAVERSO, Maria Eleonora; MARTINO, Alberta Date: 2013 Type of Publication: Technical Report Series/Report no.: Global Governance Programme Abstract: The objective of the Report is to provide an analysis of the current and expected macroeconomic and financial conditions at the global level, with also a focus on key economic areas such as Europe, the USA and ASIA.
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    Title: Global economy report : April 2013  Author(s): LIMONTA, Daniele; MARCELLINO, Massimiliano; PANELLI, Francesca; STANZINI, Alessandro; TRAVERSO, Maria Eleonora; MARTINO, Alberta Date: 2013 Type of Publication: Technical Report Series/Report no.: Global Governance Programme Abstract: The objective of the Report is to provide an analysis of the current and expected macroeconomic and financial conditions at the global level, with also a focus on key economic areas such as Europe, the USA and ASIA.
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    Title: Global economy report : May 2013  Author(s): LIMONTA, Daniele; MARCELLINO, Massimiliano; PANELLI, Francesca; STANZINI, Alessandro; TRAVERSO, Maria Eleonora; MARTINO, Alberta Date: 2013 Type of Publication: Technical Report Series/Report no.: Global Governance Programme Abstract: The objective of the Report is to provide an analysis of the current and expected macroeconomic and financial conditions at the global level, with also a focus on key economic areas such as Europe, the USA and ASIA.
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    Title: The Banking and Distribution Sectors in a Small Open Economy DSGE Model  Author(s): DEÁK, Szabolcs; FONTAGNE, Lionel; MAFFEZZOLI, Marco; MARCELLINO, Massimiliano Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: 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 ...
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    Title: An Estimated DSGE Model of a Small Open Economy within the Monetary Union: Forecasting and structural analysis  Author(s): MARCELLINO, Massimiliano; RYCHALOVSKA, Yuliya Date: 2012 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: In this paper we lay out a two-region DSGE model of an open economy within the European Monetary Union. The model, which is built in the New Keynesian tradition, contains real and nominal rigidities such as habit formation ...
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    Title: Economic outlook for the Euro area in 2012 and 2013  Author(s): MARCELLINO, Massimiliano Date: 2012 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: - In 2012 and 2013 we expect world production to grow modestly, since external conditions have deteriorated as growth dynamics appear to be declining in important emerging economies. However, the euro area crisis remains ...
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    Title: Economic outlook for the Euro area in 2012 and 2013  Author(s): MARCELLINO, Massimiliano Date: 2012 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: - In the Autumn of 2012, economic growth in the world is rather anemic, and it will probably stay very moderate in the rest of this year and in 2013. Production in most emerging markets countries will pick up during winter, ...
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    Title: Economic outlook for the Euro area in 2012 and 2013  Author(s): MARCELLINO, Massimiliano Date: 2012 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: - In the first months of 2012 there were some mild signs of improvement in the world economy, to a large degree due to political measures taken in the euro area at the end of 2011. In particular, the ECB secured financing ...
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    Title: Economic outlook for the Euro area in 2013 and 2014  Author(s): MARCELLINO, Massimiliano Date: 2012 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: - At present, economic growth is low in most regions of the world, but confidence indicators in countries such as China, Brazil and Russia have markedly risen in the final months of the year, suggesting that the world ...
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    Title: Economic outlook for the Euro area in 2012 and 2013  Author(s): MARCELLINO, Massimiliano Date: 2011 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: · At the end of 2011, prospects for the world are clouded. The main cause for concern is that the euro area crisis of confidence has not reached its peak yet. It is doubtful whether Italian and Spanish debt service would ...
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    Title: Economic outlook for the Euro area in 2011 and 2012  Author(s): MARCELLINO, Massimiliano Date: 2011 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: · High growth dynamics and demand coming from emerging markets will slow only modestly in the rest of 2011 and in 2012, but the intensification of the financial turmoil and the doubts about the ability of the European Union ...
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    Title: Economic outlook for the Euro area in 2011 and 2012  Author(s): MARCELLINO, Massimiliano Date: 2011 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: • The worldwide upswing has lost momentum, but it will overcome the present slowdown. Monetary policy is overall still accommodative, and growth dynamics continue to be high in emerging market countries. • For the euro ...
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    Title: The Macroeconomic and Financial Landscape in the Aftermath of the 2007 Crisis: New Challenges and Perspectives  Author(s): CARLETTI, Elena; CORSETTI, Giancarlo; SIMONELLI, Saverio; COOLEY, Thomas F.; MARCELLINO, Massimiliano; JAMES, Harold; GRAY, Joanna; O'CALLAGHAN,Patrick; ALLEN, Franklin; GUISO, Luigi Date: 2011 Type of Publication: Other Series/Report no.: EUI RSCAS PP Abstract: The paper by Thomas Cooley (New York University) discusses the challenges for the European Central Bank in the current situation both in terms of long term fiscal adjustments and of potential fragility of the European ...
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    Title: Economic outlook for the Euro area in 2011 and 2012  Author(s): MARCELLINO, Massimiliano Date: 2011 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: • Our baseline scenario for the world economy in 2011 and 2012 is a continuation of the upswing, because growth dynamics continue to be high in emerging economies, monetary policy will in general continue to be expansive, ...
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    Title: Economic outlook for the Euro area in 2011 and 2012  Author(s): MARCELLINO, Massimiliano Date: 2010 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: • In most advanced economies, strained public finances compel central banks to keep their expansive course, while interest rates in most emerging markets continue to be relatively low, if compared to their high potential ...
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    Title: Economic outlook for the Euro area in 2010 and 2011  Author(s): MARCELLINO, Massimiliano Date: 2010 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: · The world economy is recovering, largely driven by upswings in most emerging market economies. Although growth in these regions is apparently calming down at present, the euro area will still be benefiting from the ...
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    Title: Economic outlook for the Euro area in 2010 and 2011  Author(s): MARCELLINO, Massimiliano Date: 2010 Type of Publication: Technical Report Series/Report no.: EFN Report Abstract: · The world economy will recover during 2010 and 2011 thanks to ultra-low key interest rates in industrial countries and to the strong growth in emerging markets economies. In the euro area, however, the phasing out of ...