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Does Easing Monetary Policy Increase Financial Instability?

Author/Editor: Ambrogio Cesa-Bianchi, Alessandro Rebucci.

Release Date:June, 2015

This paper develops a model featuring both a macroeconomic and a financial friction thatspeaks to the interaction between monetary and macro-prudential policies. There are two mainresults. First, more...



Price: $18.00
Capital Control Measures: A New Dataset

Author/Editor: Andrés Fernández, Michael W. Klein, Alessandro Rebucci, Martin Schindler, Martin Uribe.

Release Date:April, 2015

This paper presents a new dataset of capital control restrictions on both inflows and outflows
of 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the more...



Price: $18.00
Global Liquidity, House Prices, and the Macroeconomy : Evidence from Advanced and Emerging Economies

Author/Editor: Ambrogio Cesa-Bianchi, Luis Felipe Cespedes, Alessandro Rebucci.

Release Date:January, 2015

In this paper we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990-2012. We find that house prices in emerging more...



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Aid, Exports, and Growth: A Time-Series Perspective on the Dutch Disease Hypothesis

Author/Editor: Joong Shik Kang, Alessandro Prati, Alessandro Rebucci.

Release Date:March, 2013

We use a heterogeneous panel VAR model identified through factor analysis to study the dynamic response of exports, imports, and per capita GDP growth to a “global� aid shock. We find that a more...



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New Shocks and Asset Price Volatility in General Equilibrium

Author/Editor: Alessandro Rebucci, Akito Matsumoto, Pietro Cova, Massimiliano Pisani.

Release Date:May, 2011

We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy. As West (1988) shows, in a partial equilibrium present discounted value model, more...



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The Valuation Channel of External Adjustment

Author/Editor: Jaewoo Lee, Fabio Ghironi, Alessandro Rebucci.

Release Date:December, 2009

International financial integration has greatly increased the scope for changes in a country's net foreign asset position through the valuation channel, namely capital gains and losses on external more...



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Global Imbalances : The Role of Non-Tradabletotal Factor Productivity in Advanced Economies

Author/Editor: Alessandro Rebucci, Nicoletta Batini, Pietro Cova, Massimiliano Pisani.

Release Date:March, 2009

This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area, and Japan in the emergence and evolution of more...



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Global Imbalances : The Role of Emerging Asia

Author/Editor: Massimiliano Pisani, Pietro Cova, Alessandro Rebucci.

Release Date:March, 2009

This paper investigates the role played by emerging Asia in the emergence and evolution of the global trade imbalances. Based on simulations in a general equilibrium model of the world economy, we more...



Price: $18.00
New Shocks, Exchange Rates and Equity Prices

Author/Editor: Pietro Cova, Alessandro Rebucci, Akito Matsumoto, Massimiliano Pisani.

Release Date:December, 2008

We study exchange rate and equity price dynamics, in general equilibrium, in the presence of news shocks about future productivity and monetary policy. We identify a condition under which these asset more...



Price: $18.00
The Domestic and Global Impact of Japan's Policies for Growth

Author/Editor: Nicoletta Batini, Alessandro Rebucci, Papa M'B P N'Diaye.

Release Date:November, 2005

Japan is facing a sizable fiscal imbalance against a backdrop of weak trend growth and growing external imbalances in the world economy. This paper examines the possible impact of fiscal adjustment more...



Price: $15.00
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