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Estimating trade elasticities : demand composition and the trade collapse of 2008-2009

Bussière, Matthieu; Callegari, Giovanni; Ghironi, Fabio; … - In: American economic journal : a journal of the American … 5 (2013) 3, pp. 118-151

Persistent link: https://www.econbiz.de/10009790516

Financial collapse and active monetary policy : a lesson from the Great Depression

Cooper, Russell W.; Corbae, Dean - 2001

"We analyze financial collapses, such as the one that occurred during the U.S. Great Depression, from the perspective of a monetary model with multiple equilibria.The multiplicity arises from the presence of a strategic complementarity due to increasing returns to scale in the intermediation...

Persistent link: https://www.econbiz.de/10001565889

Does the Euro Make a Difference? Spatio-Temporal Transmission of Global Shocks to Real Effective Exchange Rates in an Infinite VAR

Bussière, Matthieu - 2011

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro … area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro … over 60 countries' real effective exchange rates, including those of the individual euro area economies, and compares …

Persistent link: https://www.econbiz.de/10013130602

Inflation in the Great Recession and New Keynesian models

Del Negro, Marco; Giannoni, Marc Paolo; Schorfheide, Frank - In: American economic journal : a journal of the American … 7 (2015) 1, pp. 168-196

Persistent link: https://www.econbiz.de/10010517076

The financial crisis : lessons for international macroeconomics

Bussière, Matthieu; Imbs, Jean; Kollmann, Robert; … - In: American economic journal : a journal of the American … 5 (2013) 3, pp. 75-84

Persistent link: https://www.econbiz.de/10009790550

A Decade (and a Global Financial Crisis) after Blinder : The Interaction between Researchers and Policy-Makers in Central Banks

Bussière, Matthieu - 2010

Periods of economic and financial stress traditionally give rise to profound changes in economic theory and in the way policy decisions are taken. Motivated by the recent interest in renewing macroeconomics after the global financial crisis, we collected the views of senior central bank staff in...

Persistent link: https://www.econbiz.de/10013136766

Dynamic Prediction Pools : An Investigation of Financial Frictions and Forecasting Performance

Del Negro, Marco - 2014

We provide a novel methodology for estimating time-varying weights in linear prediction pools, which we call Dynamic Pools, and use it to investigate the relative forecasting performance of DSGE models with and without financial frictions for output growth and inflation from 1992 to 2011. We...

Persistent link: https://www.econbiz.de/10013046125

Fiscal contralization : theory and evidence from the Great Depression

Coen-Pirani, Daniele; Wooley, Michael - In: American economic journal : a journal of the American … 10 (2018) 2, pp. 39-61

Persistent link: https://www.econbiz.de/10011865533

"Whatever it takes" is all you need : monetary policy and debt fragility

Camous, Antoine; Cooper, Russell W. - In: American economic journal : a journal of the American … 11 (2019) 4, pp. 38-81

Persistent link: https://www.econbiz.de/10012139742

The collateral composition channel

Boissay, Frédéric; Cooper, Russell W. - In: American economic journal : a journal of the American … 12 (2020) 1, pp. 41-75

Persistent link: https://www.econbiz.de/10012173911