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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...



Price: $18.00
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...



Price: $18.00
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
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...



Price: $18.00