 | Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity Author/Editor: Gareth Anderson, Ambrogio Cesa-Bianchi. Release Date:December, 2020 Credit spreads rise after a monetary policy tightening, yet spread reactions are heterogeneous across firms. Exploiting information from a panel of corporate bonds matched with balance sheet data for more...
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 | Uncertainty, Financial Frictions and Nominal Rigidities: A Quantitative Investigation Author/Editor: Ambrogio Cesa-Bianchi, Emilio Fernández Corugedo. Release Date:September, 2017 Are uncertainty shocks a major source of business cycle fluctuations? This paper studies the
effect of a mean preserving shock to the variance of aggregate total factor productivity
more...
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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...
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 | 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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