 | Market Reforms at the Zero Lower Bound Author/Editor: Matteo Cacciatore, Romain A Duval, Giuseppe Fiori, Fabio Ghironi. Release Date:October, 2017 This paper studies the impact of product and labor market reforms when the economy faces
major slack and a binding constraint on monetary policy easing. such as the zero lower
bound. To 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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| Monetary Rules for Emerging Market Economies Author/Editor: Alessandro Rebucci, Fabio Ghironi. Release Date:February, 2002 We compare the performance of a currency board, inflation targeting, and dollarization in a small, open developing economy with a liberalized capital account. We focus on the transmission of shocks more...
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