Giancarlo Corsetti

European University Institute

University of Cambridge

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • European University Institute

SCHOLARLY PAPERS

85

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Scholarly Papers (85)

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1.

Correlation Analysis of Financial Contagion: What One Should Know Before Running a Test

Number of pages: 38 Posted: 27 Jun 2001
Giancarlo Corsetti, Marcello Pericoli and Massimo Sbracia
European University Institute, Bank of Italy and Bank of Italy
Downloads 1,038 (37,673)
Citation 3

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Contagion, financial crisis, correlation analysis

2.

What Caused the Asian Currency and Financial Crisis? Part I: a Macroeconomic Overview

NBER Working Paper No. w6833
Number of pages: 51 Posted: 05 May 1999 Last Revised: 04 Sep 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 517 (94,392)
Citation 23

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3.

Pension Reform and Growth

Number of pages: 44 Posted: 20 Apr 2016
Giancarlo Corsetti and Klaus Schmidt-Hebbel
European University Institute and Central Bank of Chile
Downloads 506 (96,884)
Citation 1

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4.

Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion

Downloads 361 (143,384)
Citation 231

Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion

Journal of International Money and Finance, Vol. 24, 2005
Number of pages: 23 Posted: 05 Sep 2008
Giancarlo Corsetti, Marcello Pericoli and Massimo Sbracia
European University Institute, Bank of Italy and Bank of Italy
Downloads 324 (160,060)
Citation 4

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Contagion; Financial crisis; Factor model; Correlation analysis

Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion

Number of pages: 32 Posted: 09 May 2002
Giancarlo Corsetti, Marcello Pericoli and Massimo Sbracia
European University Institute, Bank of Italy and Bank of Italy
Downloads 37 (760,839)
Citation 35
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Contagion, financial crisis, factor model, correlation analysis

5.

DSGE Models of High Exchange-Rate Volatility and Low Pass-Through

Downloads 333 (156,363)
Citation 88

DSGE Models of High Exchange-Rate Volatility and Low Pass-Through

FRB International Finance Discussion Paper No. 845
Number of pages: 48 Posted: 26 Nov 2005
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 311 (167,152)
Citation 32

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International Business Cycles, exchange-rate volatility, international transmission, pass-through, DSGE models

DSGE Models of High Exchange-Rate Volatility and Low Pass-Through

CEPR Discussion Paper No. 5377
Number of pages: 48 Posted: 20 Feb 2006
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 22 (890,050)
Citation 25
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International business cycle, exchange rate volatility, pass-through, international transmission, DSGE models

6.

Asset Values and Policy Changes: The Case of Denmark

Number of pages: 22 Posted: 18 Sep 1996
Silverio Foresi, Pierluigi Balduzzi and Giancarlo Corsetti
Goldman Sachs Group, Inc. - Quantitative Strategy Group, Boston College - Carroll School of Management and European University Institute
Downloads 270 (194,673)

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7.

What Caused the Asian Currency and Financial Crisis? Part Ii: the Policy Debate

NBER Working Paper No. w6834
Number of pages: 41 Posted: 10 Jun 2000 Last Revised: 06 Mar 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 232 (226,046)

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8.

Competitive Devaluations: A Welfare-Based Approach

Downloads 229 (228,892)
Citation 9

Competitive Devaluations: A Welfare-Based Approach

FRB of New York Staff Report No. 58
Number of pages: 36 Posted: 26 Aug 1999
Giancarlo Corsetti, Paolo A. Pesenti, Nouriel Roubini and Cédric Tille
European University Institute, Federal Reserve Bank of New York, New York University - Leonard N. Stern School of Business - Department of Economics and Graduate Institute of International and Development Studies (HEI)
Downloads 179 (286,100)
Citation 9

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competitive devaluations, exchange rate shocks, contagion, global trade links, law of one price

Competitive Devaluations: a Welfare-Based Approach

NBER Working Paper No. w6889
Number of pages: 36 Posted: 05 May 1999 Last Revised: 30 Oct 2022
Giancarlo Corsetti, Paolo A. Pesenti, Nouriel Roubini and Cédric Tille
European University Institute, Federal Reserve Bank of New York, New York University - Leonard N. Stern School of Business - Department of Economics and Graduate Institute of International and Development Studies (HEI)
Downloads 50 (671,567)

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9.

International Risk-Sharing and the Transmission of Productivity Shocks

Downloads 203 (256,036)
Citation 225

International Risk-Sharing and the Transmission of Productivity Shocks

Number of pages: 57 Posted: 19 May 2004
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 177 (288,994)
Citation 55

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Incomplete asset markets, distribution margin, consumption-real exchange rate anomaly

International Risk Sharing and the Transmission of Productivity Shocks

Number of pages: 49 Posted: 01 Feb 2005
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 26 (852,365)
Citation 5
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Incomplete asset markets, distribution cost, consumption-real exchange rate correlation puzzle

10.

Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

Downloads 197 (263,045)
Citation 95

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
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 192 (268,782)
Citation 17

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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
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 5 (1,060,723)
Citation 25
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fiscal policy, monetary policy, risk premium, sovereign risk, zero lower bound

11.

Floats, Pegs and the Transmission of Fiscal Policy

Downloads 195 (265,449)
Citation 14

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
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
Downloads 191 (270,080)
Citation 6

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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
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
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Citation 3
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Exchange rate regimes, Fiscal Policy, Long-term rates, Monetary Policy, New-keynesian models

12.

Self-Validating Optimum Currency Areas

Downloads 177 (289,177)
Citation 14

Self-Validating Optimum Currency Areas

FRB of New York Staff Report No. 152
Number of pages: 34 Posted: 31 Jul 2006
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 99 (456,619)
Citation 1

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optimal currency areas, monetary union, optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through

Self-Validating Optimum Currency Areas

NBER Working Paper No. w8783
Number of pages: 26 Posted: 14 Feb 2002 Last Revised: 03 Jul 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 58 (625,583)

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Self-Validating Optimum Currency Areas

Number of pages: 29 Posted: 14 Mar 2002
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 20 (909,953)
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Optimum currency areas, monetary union, optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through

13.

Macroeconomics of International Price Discrimination

Downloads 175 (292,027)
Citation 29

Macroeconomics of International Price Discrimination

Number of pages: 62 Posted: 16 May 2003
Giancarlo Corsetti and Luca Dedola
European University Institute and Bank of Italy
Downloads 154 (325,855)
Citation 7

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Exchange rate pass-through, wholesale and retail services, nominal rigidities, optimal cyclical monetary policy, international cooperation

Macroeconomics of International Price Discrimination

Number of pages: 47 Posted: 14 Feb 2003
Giancarlo Corsetti and Luca Dedola
European University Institute and Bank of Italy
Downloads 21 (900,107)
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Wholesale and retail prices, international cooperation, exchange rate pass-through, nominal rigidities

14.

Productivity Spillovers, Terms of Trade, and the 'Home Market Effect'

Downloads 169 (300,902)
Citation 45

Productivity Spillovers, Terms of Trade, and the 'Home Market Effect'

Number of pages: 32 Posted: 24 Feb 2005
Paolo A. Pesenti, Giancarlo Corsetti and Philippe Martin
Federal Reserve Bank of New York, European University Institute and Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS)
Downloads 107 (431,940)

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trade, productivity, terms of trade, taste for variety

Productivity Spillovers, Terms of Trade and the "Home Market Effect"

NBER Working Paper No. w11165
Number of pages: 32 Posted: 30 Mar 2005 Last Revised: 06 Jul 2022
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Federal Reserve Bank of New York
Downloads 42 (723,952)
Citation 3

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Productivity Spillovers, Terms of Trade and the 'Home Market Effect'

CEPR Discussion Paper No. 4964
Number of pages: 34 Posted: 27 Jul 2005
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Federal Reserve Bank of New York
Downloads 20 (909,953)
Citation 19
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Trade, productivity, terms of trade, taste for variety

15.

Paper Tigers? a Model of the Asian Crisis

NBER Working Paper No. w6783
Number of pages: 45 Posted: 02 Mar 1999 Last Revised: 16 Jul 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 156 (322,065)
Citation 10

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16.

International Dimensions of Optimal Monetary Policy

Downloads 150 (332,702)
Citation 146

International Dimensions of Optimal Monetary Policy

NBER Working Paper No. w8230
Number of pages: 45 Posted: 08 Apr 2001 Last Revised: 29 Dec 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 68 (575,392)

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International Dimensions of Optimal Monetary Policy

FRB of New York Staff Report No. 124
Number of pages: 45 Posted: 09 Aug 2006
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 66 (584,862)

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optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

International Dimensions of Optimal Monetary Policy

Number of pages: 46 Posted: 04 Jun 2002
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 16 (951,441)
Citation 24
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Optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

17.

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
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 148 (336,347)
Citation 6

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

18.

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

Downloads 146 (340,095)
Citation 14

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

Number of pages: 75 Posted: 30 May 2005
Paolo A. Pesenti and Giancarlo Corsetti
Federal Reserve Bank of New York and European University Institute
Downloads 125 (384,759)

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optimal monetary policy, nominal rigidities, exchange rate pass-through

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

CEPR Discussion Paper No. 5080
Number of pages: 77 Posted: 06 Oct 2005
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 21 (900,107)
Citation 5
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Optimal monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

19.

Fiscal Stimulus with Spending Reversals

Downloads 142 (347,683)
Citation 39

Fiscal Stimulus with Spending Reversals

IMF Working Paper No. 09/106
Number of pages: 40 Posted: 01 Jun 2009
Giancarlo Corsetti, Andre Meier and Gernot J. Müller
European University Institute, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 131 (371,052)
Citation 12

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Fiscal Stimulus with Spending Reversals

CEPR Discussion Paper No. DP7302
Number of pages: 40 Posted: 15 Jul 2009
Giancarlo Corsetti, Andre Meier and Gernot J. Müller
European University Institute, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
Downloads 11 (1,004,966)
Citation 2
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consumption, Fiscal policy transmission, monetary policy, real exchange rate, real interest rates, sticky prices

20.

What Determines Government Spending Multipliers?

IMF Working Paper No. 12/150
Number of pages: 47 Posted: 09 Aug 2012
Giancarlo Corsetti, Andre Meier and Gernot Muller
European University Institute, International Monetary Fund (IMF) and affiliation not provided to SSRN
Downloads 137 (357,445)

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Multiplier, Government Spending, Public Finances, Exchange Rate Regime, Budget Deficits, Currency Pegs, Government Expenditures, Public Debt

21.

Fiscal Deficits, Public Debt and Government Solvency: Evidence from OECD Countries

NBER Working Paper No. w3658
Number of pages: 74 Posted: 03 May 2004 Last Revised: 01 Jan 2023
Giancarlo Corsetti and Nouriel Roubini
European University Institute and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 130 (372,074)

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22.

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

Downloads 119 (397,598)
Citation 7

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

ECB Working Paper No. 1988
Number of pages: 28 Posted: 03 Feb 2017
Giancarlo Corsetti, Luca Dedola, Marek Jarocinski, Bartosz Maćkowiak and Sebastian Schmidt
European University Institute, Bank of Italy, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 118 (401,793)
Citation 2

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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
Giancarlo Corsetti, Luca Dedola, Marek Jarocinski, Bartosz Maćkowiak and Sebastian Schmidt
European University Institute, Bank of Italy, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 1 (1,092,784)
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eurobond, Government bonds, Joint Analysis of Fiscal and Monetary Policy, Lower Bound on Nominal Interest Rates, Self-Fulfilling Sovereign Default

23.

Optimal Government Spending and Taxation in Endgenous Growth Models

NBER Working Paper No. w5851
Number of pages: 40 Posted: 19 Jul 2000 Last Revised: 29 Dec 2022
Giancarlo Corsetti and Nouriel Roubini
European University Institute and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 106 (432,211)

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24.

Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market

Number of pages: 52 Posted: 30 Jul 2019
Giancarlo Corsetti, Romain Lafarguette and Arnaud Mehl
European University Institute, International Monetary Fund and European Central Bank (ECB)
Downloads 89 (485,455)

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asset pricing, high-frequency quoting, macroeconomic news, market efficiency, quality of trade execution, random walk

25.

The Role of Large Players in Currency Crises

NBER Working Paper No. w8303
Number of pages: 71 Posted: 17 May 2001 Last Revised: 11 Mar 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 89 (485,455)
Citation 1

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26.

Welfare and Macroeconomic Interdependence

NBER Working Paper No. w6307
Number of pages: 49 Posted: 11 Jun 2000 Last Revised: 26 Sep 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 85 (499,463)
Citation 34

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27.

International Lending of Last Resort and Moral Hazard: A Model of Imf's Catalytic Finance

NBER Working Paper No. w10125
Number of pages: 53 Posted: 05 Dec 2003 Last Revised: 02 Sep 2022
Giancarlo Corsetti, Bernardo Guimaraes and Nouriel Roubini
European University Institute, Yale University - Department of Economics and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 78 (525,611)
Citation 16

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28.

One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area

Downloads 72 (554,229)
Citation 10

One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area

IMF Working Paper No. 20/108
Number of pages: 64 Posted: 23 Jul 2020
Giancarlo Corsetti, João B. Duarte and Samuel Mann
European University Institute, Nova School of Business and Economics and International Monetary Fund (IMF)
Downloads 72 (561,621)

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One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area

CEPR Discussion Paper No. DP14968
Number of pages: 78 Posted: 23 Jul 2020 Last Revised: 16 Aug 2020
Giancarlo Corsetti, João B. Duarte and Samuel Mann
European University Institute, Nova School of Business and Economics and International Monetary Fund (IMF)
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Adjustable Mortgage Rates, High-Frequency Identification, housing market, Loan-to-value Ratio, monetary policy, monetary union

29.

Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries

Downloads 72 (550,069)
Citation 18

Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries

NBER Working Paper No. w12483
Number of pages: 67 Posted: 04 Oct 2006 Last Revised: 12 Aug 2022
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 50 (671,567)
Citation 4

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Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries

CEPR Discussion Paper No. 5853
Number of pages: 61 Posted: 14 Dec 2006
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
Downloads 22 (890,050)
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International transmission mechanism, net exports, terms of trade, real exchange rates, VAR, long-run restrictions, US current account

30.

Social Distancing and Supply Disruptions in a Pandemic

FEDS Working Paper No. 2020-31
Number of pages: 52 Posted: 18 May 2020
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, European University Institute and Board of Governors of the Federal Reserve System
Downloads 66 (576,202)
Citation 2

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Infectious disease; Epidemic; Recession; COVID-19

31.

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, European University Institute and Bank of Italy
Downloads 58 (614,671)

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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

32.

Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

Downloads 57 (619,769)
Citation 25

Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

IMF Working Paper No. 13/227
Number of pages: 50 Posted: 10 Dec 2013
Keith Kuester, Giancarlo Corsetti, Gernot J. Müller and Andreas Billmeier
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, European University Institute, University of Tuebingen - Department of Economics and International Monetary Fund (IMF) - Middle East and Central Asia Department
Downloads 57 (631,035)
Citation 5

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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
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
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Citation 8
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euro area, monetary union, pooling of sovereign risk, risk premium, sovereign risk channel, zero lower bound

33.

Exchange Rate Volatility in Integrating Capital Markets

NBER Working Paper No. w3570
Number of pages: 34 Posted: 23 Apr 2004 Last Revised: 05 Oct 2022
Giancarlo Corsetti, Vittorio Grilli and Nouriel Roubini
European University Institute, Independent and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 56 (624,908)

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34.

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

Downloads 54 (635,575)
Citation 4

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
Giancarlo Corsetti, Eleonora Mavroeidi, Gregory Thwaites, Martin Wolf, Martin Wolf, Martin Wolf and Martin Wolf
European University Institute, International Monetary Fund (IMF), Bank of England - Monetary Analysis and Centre for Economic Policy Research (CEPR)University of BonnUniversity of Vienna - Department of EconomicsUniversity of St. Gallen
Downloads 54 (647,898)
Citation 1

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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
Giancarlo Corsetti, Eleonora Mavroeidi, Gregory Thwaites, Martin Wolf, Martin Wolf, Martin Wolf and Martin Wolf
European University Institute, International Monetary Fund (IMF), Bank of England - Monetary Analysis and Centre for Economic Policy Research (CEPR)University of BonnUniversity of Vienna - Department of EconomicsUniversity of St. Gallen
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beggar-thy-neighbour, capital controls, Deflation, depreciation, monetary policy, zero lower bound

35.

Towards a Theory of Firm Entry and Stabilization Policy

Downloads 54 (635,575)
Citation 3

Towards a Theory of Firm Entry and Stabilization Policy

NBER Working Paper No. w11821
Number of pages: 37 Posted: 20 Feb 2006 Last Revised: 26 Oct 2022
Paul R. Bergin and Giancarlo Corsetti
University of California, Davis - Department of Economics and European University Institute
Downloads 39 (745,672)

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Towards a Theory of Firm Entry and Stabilization Policy

CEPR Discussion Paper No. 5376
Number of pages: 39 Posted: 20 Feb 2006
Giancarlo Corsetti and Paul R. Bergin
European University Institute and University of California, Davis - Department of Economics
Downloads 15 (961,987)
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Productivity, monetary policy, market dynamics

36.

The Elusive Gains from Nationally-Oriented Monetary Policy

Downloads 36 (646,662)
Citation 1

The Elusive Gains from Nationally-Oriented Monetary Policy

International Finance Discussion Paper No. 1271
Number of pages: 61 Posted: 15 Jun 2020
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, European University Institute and Board of Governors of the Federal Reserve System
Downloads 34 (784,167)
Citation 1

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The Elusive Gains from Nationally-Oriented Monetary Policy

CEPR Discussion Paper No. DP14359
Number of pages: 62 Posted: 11 Feb 2020
Giancarlo Corsetti, Martin Bodenstein and Luca Guerrieri
European University Institute, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 2 (1,083,914)
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global imbalances, monetary policy cooperation, open-loop Nash games

37.

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

Banco de Espana Working Paper No. 1242
Number of pages: 68 Posted: 02 Jan 2013
Giancarlo Corsetti, Luca Dedola and Francesca Viani
European University Institute, Bank of Italy and Banco de España
Downloads 50 (657,746)

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incomplete markets, Harrod-Balassa-Samuelson effect, consumption-real exchange rate anomaly, terms of trade, international transmission mechanism

38.

The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?

Downloads 11 (669,294)
Citation 7

The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?

NBER Working Paper No. w26995
Number of pages: 46 Posted: 20 Apr 2020 Last Revised: 17 Apr 2023
Paul Bergin and Giancarlo Corsetti
University of California, Davis - Department of Economics and European University Institute
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The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?

CEPR Discussion Paper No. DP14556
Number of pages: 40 Posted: 08 May 2020
Paul Bergin and Giancarlo Corsetti
University of California, Davis - Department of Economics and European University Institute
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comparative advantage, Optimal monetary policy, production chains, tariff shock, tariff war

39.

Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment

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Citation 12

Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment

NBER Working Paper No. w13795
Number of pages: 28 Posted: 13 Feb 2008 Last Revised: 13 Mar 2022
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques and Federal Reserve Bank of New York
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Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment

CEPR Discussion Paper No. DP6660
Number of pages: 29 Posted: 05 Jun 2008
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques and Federal Reserve Bank of New York
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Citation 1
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Current account, extensive margin, global imbalances, transfer problem

40.

A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises

NBER Working Paper No. w5140
Number of pages: 43 Posted: 05 Jul 2000 Last Revised: 20 Jul 2022
Willem H. Buiter, Giancarlo Corsetti and Paolo A. Pesenti
Centre for Economic Policy Research (CEPR), European University Institute and Federal Reserve Bank of New York
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41.

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

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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
European University Institute, Bank of Italy and Banco de España
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Citation 47

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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
European University Institute, Bank of Italy and Banco de España
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Incomplete markets, International Risk-Sharing, Spectral Analysis

42.

Optimal Monetary Policy and the Sources of Local-Currency Price Stability

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Citation 14

Optimal Monetary Policy and the Sources of Local-Currency Price Stability

NBER Working Paper No. w13544
Number of pages: 57 Posted: 31 Oct 2007 Last Revised: 06 Jul 2022
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
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Citation 1

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Optimal Monetary Policy and the Sources of Local-Currency Price Stability

CEPR Discussion Paper No. DP6557
Number of pages: 59 Posted: 05 Jun 2008
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
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exchange rate pass-through, optimal monetary policy, price discrimination, price dispersion, real exchange rates

43.

Multilateral Economic Cooperation and the International Transmission of Fiscal Policy

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Citation 3

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: 22 May 2022
Giancarlo Corsetti and Gernot J. Müller
European University Institute and University of Tuebingen - Department of Economics
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Citation 1

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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
European University Institute and University of Tuebingen - Department of Economics
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Citation 1
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Financial Crisis, Fiscal Policy Coordination, Government spending, Spillover effects

44.

The Simple Analytics of Assets' Values and Infrequent Policy Changes

NYU Working Paper No. FIN-94-010
Number of pages: 24 Posted: 11 Nov 2008
Pierluigi Balduzzi, Giancarlo Corsetti and Silverio Foresi
Boston College - Carroll School of Management, European University Institute and Goldman Sachs Group, Inc. - Quantitative Strategy Group
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fiscal retrenchments, government spending, policy regime, stock prices, term structure of interst rates, trigger point

45.

Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage

NBER Working Paper No. w25765
Number of pages: 50 Posted: 22 Apr 2019 Last Revised: 27 May 2023
Paul R. Bergin and Giancarlo Corsetti
University of California, Davis - Department of Economics and European University Institute
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Citation 10

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46.

Sharing Asymmetric Tail Risk: Smoothing, Asset Prices and Terms of Trade

International Finance Discussion Paper No. 1324
Number of pages: 57 Posted: 23 Aug 2021
Giancarlo Corsetti, Anna Lipinska and Giovanni Lombardo
European University Institute, Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS)
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47.

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

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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 Last Revised: 28 Apr 2023
Giancarlo Corsetti, Luca Dedola and Francesca Viani
European University Institute, Bank of Italy and Banco de España
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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
European University Institute, Bank of Italy and Banco de España
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consumption-real exchange rate anomaly, Harrod-Balassa-Samuelson effect, incomplete markets, international transmission mechanism, terms of trade

48.

Openness and the Case for Flexible Exchange Rates

CEPR Discussion Paper No. 5612
Number of pages: 29 Posted: 05 Jul 2006
Giancarlo Corsetti
European University Institute
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Optimal monetary policy, nominal rigidities, exchange rate pass-through, exchange rate regimes, international policy cooperation

49.

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

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Citation 6

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

NBER Working Paper No. w19356
Number of pages: 47 Posted: 24 Aug 2013 Last Revised: 22 May 2023
Paul R. Bergin and Giancarlo Corsetti
University of California, Davis - Department of Economics and European University Institute
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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 European University Institute
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firm entry, international coordination, monetary policy, optimal tariff, production location externality

50.

International Lending of Last Resort and Moral Hazard: A Model of the Imf's Catalytic Finance

Number of pages: 45 Posted: 11 Jun 2004
Giancarlo Corsetti, Bernardo Guimaraes and Nouriel Roubini
European University Institute, Yale University - Department of Economics and New York University - Leonard N. Stern School of Business - Department of Economics
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Bank runs, speculative attacks, capital account crises, international monetary fund, lender of last resort

51.

Debt Consolidation and Fiscal Stabilization of Deep Recessions

CEPR Discussion Paper No. DP7649
Number of pages: 14 Posted: 08 Feb 2010
Giancarlo Corsetti, Keith Kuester, Andre Meier and Gernot J. Müller
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
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consolidation, exit strategy, fiscal multiplier, Fiscal policy, fiscal stabilization, monetary policy, zero lower bound

52.

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 Last Revised: 29 Dec 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
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53.

Current Account Theory and the Dynamics of Us Net Foreign Liabilities

Number of pages: 31 Posted: 15 Jun 2005
Giancarlo Corsetti and Panagiotis Th. Konstantinou
European University Institute and University of Macedonia - Department of Economics
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Current account, net foreign wealth, consumption smoothing, intertemporal approach to the current account, international adjustment mechanism, permanent-transitory decomposition

54.

Nominal Debt and the Dynamics of Currency Crises

Number of pages: 30 Posted: 29 Aug 2001
Giancarlo Corsetti and Bartosz Mackowiak
European University Institute and Humboldt University of Berlin - Faculty of Economics
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Citation 1
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Currency crisis, speculative attack, fiscal theory of the price level

55.

Exchange Rate Misalignment and External Imbalances: What is the Optimal Monetary Policy Response?

ECB Working Paper No. 2023/2843
Number of pages: 107 Posted: 30 Aug 2023
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
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asset markets and risk sharing, currency misalignment, exchange rate pass-through, international policy cooperation, optimal targeting rules, trade imbalances

56.

Gambling to Preserve Price (and Fiscal) Stability

ECB Working Paper No. 2023/2844
Number of pages: 35 Posted: 29 Sep 2023
Giancarlo Corsetti and Bartosz Maćkowiak
European University Institute and European Central Bank (ECB)
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currency crisis, fiscal theory of the price level, inflation expectations, multiple equilibria, self-fulfilling beliefs, sovereign default

57.

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
CSEF - University of Naples Federico II, European University Institute and University of Naples Federico II - Department of Economics and Statistics
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Citation 15
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government spending, instrumental variables, multiplier

58.

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
European University Institute and Bank of Italy
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Citation 1
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Debt monetization, Lender of last resort, Seigniorage, Sovereign risk and default

59.

Cross-Border Spillovers from Fiscal Stimulus

CEPR Discussion Paper No. DP7535
Number of pages: 31 Posted: 17 Nov 2009
Giancarlo Corsetti, Andre Meier and Gernot J. Müller
European University Institute, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
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Citation 6
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debt consolidation, Fiscal policy, international spillovers, monetary policy

60.

New Open Economy Macroeconomics

CEPR Discussion Paper No. DP6578
Number of pages: 20 Posted: 06 Jun 2008
Giancarlo Corsetti
European University Institute
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exchange rates, international policy coordination, Mundell-Fleming model, open economy models, stabilization policy

61.

Global Value Chains and International Risk Sharing

Robert Schuman Centre for Advanced Studies Research Paper No. 2023_61
Number of pages: 48 Posted: 31 Oct 2023
Giancarlo Corsetti, Lucio D’Aguanno, Aydan Dogan, Simon Lloyd and Rana Sajedi
European University Institute, Bank of England, Bank of England, Bank of England and Bank of England
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Cross-Border Transmission; Incomplete Asset Markets; Intermediate Goods Trade; Global Financial Markets; Supply Chain Linkages

62.

Markets and Markups: A New Empirical Framework and Evidence on Exporters from China

Number of pages: 45 Posted: 11 Apr 2023
Giancarlo Corsetti, Meredith Crowley, Lu Han and Huasheng Song
European University Institute, University of Cambridge, University of Liverpool Management School and Zhejiang University - Center for Research of Private Economy (CRPE)
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exchange rate, markup elasticity, pricing-to-market, trade pattern, product classification, differentiated goods, China.

63.

Optimal Monetary Policy in Open Economies

CEPR Discussion Paper No. DP8069
Number of pages: 92 Posted: 22 Nov 2010
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
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Citation 38
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Asset markets and risk sharing, Currency misalignments, Demand Imbalances, International Policy Cooperation, Optimal targeting Rules, Pass-through

64.

A Modern Reconsideration of the Theory of Optimal Currency Areas

CEPR Discussion Paper No. DP6712
Number of pages: 43 Posted: 10 Jun 2008
Giancarlo Corsetti
European University Institute
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Exchange Rate Regime, International Policy Coordination, New Open Macro Macroeconomics, Optimal Monetary Policy, Optimum Currency Area

65.

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
European University Institute, International Monetary Fund (IMF) and University of Tuebingen - Department of Economics
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Citation 5
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exchange rate regime, financial crisis, fiscal policy, fiscal rules, government spending, Multiplier, public finances

66.

The International Dimension of Productivity and Demand Shocks in the US Economy

CEPR Discussion Paper No. DP7003
Number of pages: 53 Posted: 18 Dec 2008
Giancarlo Corsetti, Luca Dedola and Sylvain Leduc
European University Institute, Bank of Italy and Federal Reserve Banks - Federal Reserve Bank of San Francisco
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Citation 10
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consumption risk sharing, International transmission mechanism, sign restrictions, structural VAR, US dollar real exchange rate

67.

What Drives US Foreign Borrowing? Evidence on External Adjustment to Transitory and Permanent Shocks

CEPR Discussion Paper No. DP7134
Number of pages: 53 Posted: 18 Feb 2009
Giancarlo Corsetti and Panagiotis Th. Konstantinou
European University Institute and University of Macedonia - Department of Economics
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Citation 1
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Consumption Smoothing, Current Account, International Adjustment Mechanism, Intertemporal Approach to the Current Account, Net Foreign Wealth, Permanent-Transitory Decomposition

68.

A Century of Arbitrage and Disaster Risk Pricing in the Foreign Exchange Market

CEPR Discussion Paper No. DP14497
Number of pages: 21 Posted: 25 Mar 2020
Giancarlo Corsetti and Emile Alexandre Marin
European University Institute and University of Cambridge
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carry trade, Currency Crises, Fama Puzzle, Great Depression, Peso Problem, uncovered interest parity

69.

Social Distancing and Supply Disruptions in a Pandemic

CEPR Discussion Paper No. DP14629
Number of pages: 58 Posted: 08 May 2020
Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri
Board of Governors of the Federal Reserve System, European University Institute and Board of Governors of the Federal Reserve System
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COVID-19, Epidemic, Infectious disease, Recession

70.

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 Tallman
European University Institute, University of California, Berkeley, University of California, Santa Cruz and Federal Reserve Banks - Federal Reserve Bank of San Francisco
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Backstop, Currency devaluation, financial crises, Sovereign and banking risk

71.

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
European University Institute, UPNA and Deloitte LLP
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Bailouts, Debt maturities, default, Rollover Risk, Sovereign debt, Spread

72.

Twin Deficits, Openness and the Business Cycle

CEPR Discussion Paper No. DP6492
Number of pages: 26 Posted: 02 Jun 2008
Giancarlo Corsetti and Gernot J. Müller
European University Institute and University of Tuebingen - Department of Economics
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Business Cycle, Fiscal Policy, Openness, Twin Deficits

73.

The Theory of Reserve Accumulation, Revisited

Robert Schuman Centre for Advanced Studies Research Paper No. 2023_53
Posted: 13 Sep 2023 Last Revised: 25 Sep 2023
Giancarlo Corsetti and Seung Hyun Maeng
European University Institute and University of Cambridge - Faculty of Economics

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Sovereign default, Foreign reserves, Self-fulfilling crises, Expectations, Discretionary Fiscal Policy, Debt sustainability

74.

The Exchange Rate Insulation Puzzle

CEPR Discussion Paper No. DP15689
Number of pages: 84 Posted: 11 Feb 2021
Giancarlo Corsetti, Keith Keuster, Gernot J. Müller and Sebastian Schmidt
European University Institute, University of Bonn, University of Tuebingen - Department of Economics and European Central Bank (ECB)
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75.

Debt Crises, Fast and Slow

CEPR Discussion Paper No. DP14868
Number of pages: 49 Posted: 16 Jun 2020
Giancarlo Corsetti and Seung Hyun Maeng
European University Institute and University of Cambridge - Faculty of Economics
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debt sustainability, Expectations, Self-fulfilling Crises, sovereign default

76.

Markets and Markup: A New Empirical Framework and Evidence on Exporters from China

CEPR Discussion Paper No. DP13904
Number of pages: 125 Posted: 20 Aug 2019 Last Revised: 14 Jul 2021
Giancarlo Corsetti, Meredith Crowley, Lu Han and Huasheng Song
European University Institute, University of Cambridge - Faculty of Economics, University of Liverpool Management School and Zhejiang University - Center for Research of Private Economy (CRPE)
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Citation 3
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77.

Invoicing and the Dynamics of Pricing-to-Market: Evidence from UK Export Prices Around the Brexit Referendum

CEPR Discussion Paper No. DP13282
Number of pages: 109 Posted: 05 Nov 2018 Last Revised: 04 Feb 2022
Giancarlo Corsetti, Meredith Crowley and Lu Han
European University Institute, University of Cambridge - Faculty of Economics and University of Liverpool Management School
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Citation 4
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dominant currency, Exchange Rates, Firm level data, Law of one price, markup elasticity, Pass through, Vehicle currency

78.

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
European University Institute, Bank of Italy and Government of Canada - Bank of Canada
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Citation 6
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asset markets and risk sharing, Currency misalignments, exchange rate pass-through, international policy cooperation, optimal targeting rules, trade imbalances

79.

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
European University Institute, UPNA and University of Minnesota - Minneapolis
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Crisis management, debt sustainability, loans maturity, market access, private sector involvement, seniority, yield curve.

80.

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
European University Institute, 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

81.

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
European University Institute, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Tuebingen - Department of Economics
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Benign coincidence, Exchange rate, external shock, External-demand multiplier, Fiscal Multiplier, great recession, zero lower bound

82.

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
European University Institute and Bank of Italy
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Citation 25
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Inflationary financing, Lender of last resort, Seigniorage, Sovereign risk and default

83.

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 European University Institute
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Euro-area crisis, Global Crisis, Stabilization Policies, Zero Lower Bound

84.

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
CSEF - University of Naples Federico II, European University Institute and University of Naples Federico II - Department of Economics and Statistics
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Consumption, Liquidity, Mortgage, Public Transfers, Quasi-experiments

85.

Interpreting the Erm Crisis: Country-Specific and Systemic Issues

CEPR Discussion Paper Series No. 1466
Posted: 13 Mar 1997
Willem H. Buiter, Giancarlo Corsetti and Paolo A. Pesenti
Centre for Economic Policy Research (CEPR), European University Institute and Federal Reserve Bank of New York

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