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

Author/Editor: Giancarlo Corsetti, Joao B Duarte, Samuel Mann.

Release Date:June, 2020

We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, more...



Price: $18.00
Debt Seniority and Sovereign Debt Crises

Author/Editor: Anil Ari, Giancarlo Corsetti, Luca Dedola.

Release Date:May, 2018

Is the seniority structure of sovereign debt neutral for a government's decision between defaulting and raising surpluses? In this paper, we address this question using a model of debt crises where a more...



Price: $18.00
Sovereign Risk and Belief-Driven Fluctuations in the Euro Area

Author/Editor: Giancarlo Corsetti, Keith Kuester, André Meier, Gernot J Mueller.

Release Date:November, 2013

Sovereign risk premia in several euro area countries have risen markedly since 2008, driving up credit spreads in the private sector as well. We propose a New Keynesian model of a two-region monetary more...



Price: $18.00
What Determines Government Spending Multipliers?

Author/Editor: Giancarlo Corsetti, André Meier, Gernot Müller.

Release Date:June, 2012

This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule more...



Price: $18.00
Sovereign Risk, Fiscal Policy, and Macroeconomic Stability

Author/Editor: Giancarlo Corsetti, Keith Kuester, André Meier, Gernot J. Mueller.

Release Date:January, 2012

This paper analyzes the impact of strained government finances on macroeconomic stability and the transmission of fiscal policy. Using a variant of the model by Curdia and Woodford (2009), we study a more...



Price: $18.00
Fiscal Stimulus with Spending Reversals

Author/Editor: Gernot M

Release Date:WP.jpg



Price: Paperback