Giancarlo Corsetti

University of Cambridge

Trinity Ln

Cambridge, CB2 1TN

United Kingdom

SCHOLARLY PAPERS

26

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659

CITATIONS
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Top 4,047

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132

Scholarly Papers (26)

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

IMF Working Paper No. NO.12/33
Number of pages: 56 Posted: 02 Feb 2012
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 158 (185,229)

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Zero Lower Bound, Risk Premium, Sovereign Risk, Sovereign Debt

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

CEPR Discussion Paper No. DP8779
Number of pages: 58 Posted: 31 Jan 2012
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 5 (633,732)
Citation 74
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fiscal policy, monetary policy, risk premium, sovereign risk, zero lower bound

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

The Economic Journal, Vol. 123, Issue 566, pp. F99-F132, 2013
Number of pages: 34 Posted: 27 Feb 2013
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
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2.
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Citation 19

Floats, Pegs and the Transmission of Fiscal Policy

FRB of Philadelphia Working Paper No. 11-9
Number of pages: 34 Posted: 24 Feb 2011
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 125 (224,265)
Citation 16

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Fiscal policy,Monetary policy, Exchange rate regime, Long-term rates, New Keynesian models

Floats, Pegs and the Transmission of Fiscal Policy

CEPR Discussion Paper No. DP8180
Number of pages: 35 Posted: 18 Jan 2011
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 4 (641,306)
Citation 5
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Exchange rate regimes, Fiscal Policy, Long-term rates, Monetary Policy, New-keynesian models

3.

Sovereign Risk and the Effects of Fiscal Retrenchment in Deep Recessions

FRB of Philadelphia Working Paper No. 11-43
Number of pages: 68 Posted: 27 Sep 2011
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 116 (236,229)
Citation 7

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fiscal consolidation, monetary policy, zero lower bound, risk premium, sovereign risk channel

Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe's Monetary Union

ECB Working Paper No. 1988
Number of pages: 28 Posted: 03 Feb 2017
University of Cambridge, Bank of Italy, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 74 (318,905)
Citation 3

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Lower Bound on Nominal Interest Rates, Self-fulfilling Sovereign Default, Eurobond, Government Bonds, Joint Analysis of Fiscal and Monetary Policy

Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe's Monetary Union

CEPR Discussion Paper No. DP12371
Number of pages: 27 Posted: 16 Oct 2017
University of Cambridge, Bank of Italy, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
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eurobond, Government bonds, Joint Analysis of Fiscal and Monetary Policy, Lower Bound on Nominal Interest Rates, Self-Fulfilling Sovereign Default

Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

IMF Working Paper No. 13/227
Number of pages: 50 Posted: 10 Dec 2013
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Cambridge, University of Tuebingen - Department of Economics and International Monetary Fund (IMF) - Middle East and Central Asia Department
Downloads 36 (445,338)

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Sovereign debt, Euro Area, Fiscal risk, Risk premium, Fiscal policy, Monetary policy, Economic models, Sovereign risk channel, monetary union, zero lower bound, risk premium, pooling of sovereign risk, government spending, fiscal stance, spending cuts, tax revenue, fiscal multiplier, aggregate demand, government expenditure, public debt, fiscal expansion, fiscal stress, fiscal austerity, public finances, fiscal impulse, fiscal outlook, fiscal response, fiscal policies, government deficit, fiscal stances, tax systems, fiscal risks, government budget, fiscal deficits, taxation, fiscal transfer, public expenditures, budget constraint, primary expenditure, fiscal theory, fiscal limits, expansion

Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

CEPR Discussion Paper No. DP9723
Number of pages: 51 Posted: 08 Nov 2013
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
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Citation 16
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euro area, monetary union, pooling of sovereign risk, risk premium, sovereign risk channel, zero lower bound

The International Risk-Sharing Puzzle is at Business-Cycle and Lower Frequency

Banco de Espana Working Paper No. 1212
Number of pages: 34 Posted: 23 Feb 2012
Giancarlo Corsetti, Luca Dedola and Francesca Viani
University of Cambridge, Bank of Italy and Banco de España
Downloads 22 (520,363)
Citation 50

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consumption-exchange rate anomaly, incomplete markets, frequency domain analysis

The International Risk-Sharing Puzzle is at Business Cycle and Lower Frequency

CEPR Discussion Paper No. DP8355
Number of pages: 41 Posted: 04 May 2011
Giancarlo Corsetti, Luca Dedola and Francesca Viani
University of Cambridge, Bank of Italy and Banco de España
Downloads 3 (650,106)
Citation 1
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Incomplete markets, International Risk-Sharing, Spectral Analysis

7.

Debt Seniority and Sovereign Debt Crises

IMF Working Paper No. 18/104
Number of pages: 44 Posted: 01 Aug 2018
Anil Ari, Giancarlo Corsetti and Luca Dedola
International Monetary Fund, University of Cambridge and Bank of Italy
Downloads 22 (503,939)
Citation 1

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Debt crises; Sovereign default; Seniority; Eurobonds; Multiple equilibria; Self-fulfilling expectations, Debt crises, Sovereign default, Seniority, Eurobonds, Multiple equilibria, Self-fulfilling expectations, International Lending and Debt Problems, Asset Pricing

Multilateral Economic Cooperation and the International Transmission of Fiscal Policy

NBER Working Paper No. w17708
Number of pages: 40 Posted: 31 Dec 2011 Last Revised: 11 Nov 2013
Giancarlo Corsetti and Gernot J. Müller
University of Cambridge and University of Tuebingen - Department of Economics
Downloads 16 (558,666)

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Multilateral Economic Cooperation and the International Transmission of Fiscal Policy

CEPR Discussion Paper No. DP8748
Number of pages: 42 Posted: 20 Jan 2012
Giancarlo Corsetti and Gernot J. Müller
University of Cambridge and University of Tuebingen - Department of Economics
Downloads 3 (650,106)
Citation 1
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Financial Crisis, Fiscal Policy Coordination, Government spending, Spillover effects

Step Away from the Zero Lower Bound: Small Open Economies in a World of Secular Stagnation

Bank of England Working Paper No. 666
Number of pages: 40 Posted: 19 Jul 2017
University of Cambridge, International Monetary Fund (IMF), Bank of England - Monetary Analysis and University of Bonn
Downloads 17 (552,392)

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Small open economy, secular stagnation, capital controls, optimal policy, zero lower bound

Step Away from the Zero Lower Bound: Small Open Economies in a World of Secular Stagnation

CEPR Discussion Paper No. DP12189
Number of pages: 42 Posted: 04 Aug 2017
University of Cambridge, International Monetary Fund (IMF), Bank of England - Monetary Analysis and University of Bonn
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Citation 1
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beggar-thy-neighbour, capital controls, Deflation, depreciation, monetary policy, zero lower bound

Traded and Nontraded Goods Prices, and International Risk Sharing: An Empirical Investigation

NBER Working Paper No. w17501
Number of pages: 62 Posted: 14 Oct 2011
Giancarlo Corsetti, Luca Dedola and Francesca Viani
University of Cambridge, Bank of Italy and Banco de España
Downloads 12 (585,224)

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Traded and Nontraded Goods Prices, and International Risk Sharing: An Empirical Investigation

CEPR Discussion Paper No. DP8613
Number of pages: 64 Posted: 01 Nov 2011
Giancarlo Corsetti, Luca Dedola and Francesca Viani
University of Cambridge, Bank of Italy and Banco de España
Downloads 3 (650,106)
Citation 1
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consumption-real exchange rate anomaly, Harrod-Balassa-Samuelson effect, incomplete markets, international transmission mechanism, terms of trade

11.

The Mystery of the Printing Press: Self-Fulfilling Debt Crises and Monetary Sovereignty

CEPR Discussion Paper No. DP9358
Number of pages: 45 Posted: 26 Feb 2013
Giancarlo Corsetti and Luca Dedola
University of Cambridge and Bank of Italy
Downloads 12 (562,373)
Citation 11
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Debt monetization, Lender of last resort, Seigniorage, Sovereign risk and default

12.

Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-Experiment

CEPR Discussion Paper No. DP8305
Number of pages: 26 Posted: 18 Apr 2011
Antonio Acconcia, Giancarlo Corsetti and Saverio Simonelli
University of Naples Federico II - Department of Economics, University of Cambridge and University of Naples Federico II - Department of Economics and Statistics
Downloads 12 (562,373)
Citation 39
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government spending, instrumental variables, multiplier

International Competitiveness and Monetary Policy: Strategic Policy and Coordination with a Production Relocation Externality

CEPR Discussion Paper No. DP9616
Number of pages: 49 Posted: 03 Sep 2013
Paul R. Bergin and Giancarlo Corsetti
University of California, Davis - Department of Economics and University of Cambridge
Downloads 1 (675,851)
Citation 5
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firm entry, international coordination, monetary policy, optimal tariff, production location externality

14.
Downloads 7 (593,432)
Citation 45

What Determines Government Spending Multipliers?

CEPR Discussion Paper No. DP9010
Number of pages: 48 Posted: 28 Sep 2012
Giancarlo Corsetti, Andre Meier and Gernot J. Müller
University of Cambridge, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 6 (626,458)
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exchange rate regime, financial crisis, fiscal policy, fiscal rules, government spending, Multiplier, public finances

What Determines Government Spending Multipliers?

Economic Policy, Vol. 27, Issue 72, pp. 521-565, 2012
Number of pages: 45 Posted: 20 Oct 2012
Giancarlo Corsetti, Andre Meier and Gernot J. Müller
University of Cambridge, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 1 (675,851)
Citation 51
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15.

The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

NBER Working Paper No. w11341
Number of pages: 75 Posted: 28 Jun 2012
Giancarlo Corsetti and Paolo A. Pesenti
University of Cambridge and Federal Reserve Bank of New York
Downloads 4 (613,338)

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16.

The Euro Crisis in the Mirror of the EMS

CEPR Discussion Paper No. DP13522
Number of pages: 27 Posted: 19 Feb 2019
Giancarlo Corsetti, Barry Eichengreen, Galina Hale and Eric Tallmann
University of Cambridge, University of California, Berkeley, Federal Reserve Bank of San Francisco and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 1 (643,830)
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Backstop, Currency devaluation, financial crises, Sovereign and banking risk

17.

Debt Sustainability and the Terms of Official Support

CEPR Discussion Paper No. DP13292
Number of pages: 53 Posted: 05 Nov 2018
Giancarlo Corsetti, Aitor Erce and Timothy Uy
University of Cambridge, European Stability Mechanism and Deloitte LLP
Downloads 1 (643,830)
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Bailouts, Debt maturities, default, Rollover Risk, Sovereign debt, Spread

Fixed on Flexible: Rethinking Exchange Rate Regimes after the Great Recession

IMF Economic Review, Vol. 65, Issue 3, 2017
Number of pages: 47 Posted: 17 Sep 2018
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 1 (675,851)
Citation 2
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Fixed on Flexible: Rethinking Exchange Rate Regimes after the Great Recession

CEPR Discussion Paper No. DP12197
Number of pages: 53 Posted: 11 Aug 2017
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
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Benign coincidence, Currency union, Exchange rate, Exchange rate peg, external shock, Fiscal Multiplier, great recession, zero lower bound

19.

The International Risk Sharing Puzzle is at Business Cycle and Lower Frequency - L’Énigme Du Partage International Du Risque

Canadian Journal of Economics/Revue canadienne d'économique, Vol. 45, Issue 2, pp. 448-471, 2012
Number of pages: 24 Posted: 04 May 2012
Giancarlo Corsetti, Luca Dedola and Francesca Viani
University of Cambridge, Bank of Italy and Banco de España
Downloads 1 (643,830)
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20.

Invoicing and Pricing-to-Market: A Study of Price and Markup Elasticities of UK Exporters

CEPR Discussion Paper No. DP13282
Number of pages: 73 Posted: 05 Nov 2018 Last Revised: 12 Nov 2018
Giancarlo Corsetti, Meredith Crowley and Lu Han
University of Cambridge, University of Cambridge - Faculty of Economics and University of Cambridge - Faculty of Economics
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currency choice, firm pricing, invoicing currency, Markups

21.

Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-Offs

CEPR Discussion Paper No. DP12850
Number of pages: 47 Posted: 12 Apr 2018
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
University of Cambridge, Bank of Italy and Government of Canada - Bank of Canada
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asset markets and risk sharing, Currency misalignments, exchange rate pass-through, international policy cooperation, optimal targeting rules, trade imbalances

22.

Official Sector Lending Strategies During the Euro Area Crisis

CEPR Discussion Paper No. DP12228
Number of pages: 57 Posted: 21 Aug 2017 Last Revised: 18 Sep 2017
Giancarlo Corsetti, Aitor Erce and Timothy Lim Uy
University of Cambridge, European Stability Mechanism and University of Minnesota - Minneapolis
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Crisis management, debt sustainability, loans maturity, market access, private sector involvement, seniority, yield curve.

23.

The Case for Flexible Exchange Rates in a Great Recession

CEPR Discussion Paper No. DP11432
Number of pages: 42 Posted: 16 Aug 2016
Giancarlo Corsetti, Keith Kuester and Gernot J. Müller
University of Cambridge, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 0 (661,936)
Citation 1
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Benign coincidence, Exchange rate, external shock, External-demand multiplier, Fiscal Multiplier, great recession, zero lower bound

24.

The 'Mystery of the Printing Press' Monetary Policy and Self-Fulfilling Debt Crises

CEPR Discussion Paper No. DP11089
Number of pages: 51 Posted: 17 Feb 2016
Giancarlo Corsetti and Luca Dedola
University of Cambridge and Bank of Italy
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Citation 19
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Inflationary financing, Lender of last resort, Seigniorage, Sovereign risk and default

25.

Coeure Survey: Fiscal and Monetary Policies after the Crises

CEPR Discussion Paper No. DP11088
Number of pages: 57 Posted: 02 Feb 2016
Charles Brendon and Giancarlo Corsetti
European University Institute and University of Cambridge
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Euro-area crisis, Global Crisis, Stabilization Policies, Zero Lower Bound

26.

The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes

CEPR Discussion Paper No. DP10698
Number of pages: 31 Posted: 13 Jul 2015
Antonio Acconcia, Giancarlo Corsetti and Saverio Simonelli
University of Naples Federico II - Department of Economics, University of Cambridge and University of Naples Federico II - Department of Economics and Statistics
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Consumption, Liquidity, Mortgage, Public Transfers, Quasi-experiments