Author/Editor: Elif Arbatli, Dennis P J Botman, Kevin Clinton, Pietro Cova, Vitor Gaspar, Zoltan Jakab, Douglas Laxton, Constant Lonkeng Ngouana, Joannes Mongardini, Hou Wang.

Release Date:August, 2016

Japan has ambitious economic goals: 3 percent nominal growth; 2 percent inflation; and a primary budget surplus. Abenomics has employed the three arrows of monetary, fiscal and structural policies, more...

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...

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...

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...

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...