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Title:Challenges and Opportunities for Resource Rich Economies Author(s):VAN DER PLOEG, FrederickDate:2006Type:Working PaperSeries/Number:CEPR Discussion Paper; 2006/5688
Title:Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment Author(s):CORSETTI, Giancarlo; MARTIN, Philippe; PESENTI, PaoloDate:2007Type:Working PaperSeries/Number:CEPR Discussion Paper; 2007/6660
Title:Current Account Theory and the Dynamics of US Net Foreign Liabilities Author(s):CORSETTI, Giancarlo; KONSTANTINOU, Panagiotis T.Date:2005Type:Working PaperSeries/Number:CEPR Discussion Paper; 2005/4920Abstract:This paper provides empirical evidence on the adjustment dynamics of the US net foreign liabilities, net output and consumption. We use empirical techniques that allow us to quantify the relative importance of permanent ...
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: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:International Risk Sharing and the Transmission of Productivity Shocks Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2004Type:Working PaperSeries/Number:CEPR Discussion Paper; 2004/4746Abstract:A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to efficient risk sharing, negatively correlated with cross-country consumption ratios. This Paper shows that ...
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:Floats, pegs and the transmission of fiscal policy Author(s):CORSETTI, Giancarlo; KUESTER, Keith; MÜLLER, Gernot J.Date:2011Citation:
- London : Centre for Economic Policy Research (CEPR), 2011
Type:Working PaperSeries/Number:CEPR Discussion Paper; 2011/8180Abstract:According to conventional wisdom, fiscal policy is more effective under a fixed than under a flexible exchange rate regime. In this paper we reconsider the transmission of shocks to government spending across these regimes ...
Title:What drives US foreign borrowing? : evidence on external adjustment to transitory and permanent shocks Author(s):CORSETTI, Giancarlo; KONSTANTINOU, Panagiotis T.Date:2009Citation:
- London : Centre for Economic Policy Research (CEPR), 2009
Type:Working PaperSeries/Number:CEPR Discussion Paper; 2009/7134Abstract:The joint dynamics of US net output, consumption, and (valuation-adjusted) foreign assets and liabilities, characterized empirically following Lettau and Ludvigson [2004], is shown to be strikingly consistent with current ...
Title:Beggar-thy-neighbor? : the international effects of ECB unconventional monetary policy measures Author(s):BLUWSTEIN, Kristina
; CANOVA, FabioDate:2015Type:Working PaperSeries/Number:CEPR Discussion Paper; 2015/DP10856Abstract:The effects that European Central Bank unconventional monetary policy measures have on nine European countries not adopting the Euro are examined with a novel Bayesian mixed frequency Structural Vector Autoregressive ...
; CANOVA, FabioDate:2015Type:Working PaperSeries/Number:CEPR Discussion Paper; 2015/DP10856Abstract:The effects that European Central Bank unconventional monetary policy measures have on nine European countries not adopting the Euro are examined with a novel Bayesian mixed frequency Structural Vector Autoregressive ...