Title:The international dimension of US expansions: A structural VAR analysis Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2008Citation:
- Federal Reserve Bank of San Francisco, Working Paper Number 2007–27, October 2008
Title:Optimal Monetary Policy and the Sources of Local-Currency Price Stability Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2007Type:Working PaperSeries/Number:NBER Working Paper; No. 13544Abstract:[http://www.nber.org/papers/w13544]
Title:New Open Economy Macroeconomics Author(s):CORSETTI, GiancarloDate:2007Type:Working PaperSeries/Number:EUI RSCAS; 2007/27Abstract:The New Open Economy Macroeconomics refers to a vast body of literature embracing a new theoretical framework for policy analysis in open economy, with the goal of overcoming the limitations of the Mundell-Fleming model, ...
Title:Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment Author(s):CORSETTI, Giancarlo; MARTIN, Philippe; PESENTI, PaoloDate:2008Type:Working PaperSeries/Number:NBER Working Paper; 2008/13795
Title:Twin Deficits, Openness, and the Business Cycle Author(s):CORSETTI, Giancarlo; MÜLLER, Gernot J.Date:2008Citation:
- Journal of the European Economic Association, 2008, Vol. 6, No. 2-3, pp. 404-413
Type:ArticleAbstract:In this article, 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, ...
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: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:The extensive margin and monetary policy Author(s):BERGIN, Paul; CORSETTI, GiancarloDate:2008Citation:
- Journal of Monetary Economics, 2008, 55, 7, 1222-1237
Type:ArticleAbstract:The creation of new firms, referred to as the extensive margin, is a significant but overlooked dimension of monetary policy. A monetary VAR documents that monetary policy has significant effects on firm creation. An ...
Title:Debt Consolidation and Fiscal Stabilization of Deep Recessions Author(s):CORSETTI, Giancarlo; KUESTER, Keith; MEIER, André; MÜLLER, Gernot J.Date:2010Type:Working PaperSeries/Number:EUI ECO; 2010/03Abstract:The global financial crisis of 2008–09 has sent public debt on sharply higher trajectories. With the economic recovery gradually taking hold, the focus is now shifting to fiscal “exit” strategies. Medium-term ...