Narrow search
Showing 1 - 10 of 51
Cover Image
Pegs and pain
Schmitt-Grohé, Stephanie; Uribe, Martín - 2011
Persistent link: https://www.econbiz.de/10008989481
Cover Image
Managing currency pegs
Schmitt-Grohé, Stephanie; Uribe, Martín - 2012
Persistent link: https://www.econbiz.de/10009559681
Cover Image
The making of a great contraction with a liquidity trap and a jobless recovery
Schmitt-Grohé, Stephanie; Uribe, Martín - 2012
Persistent link: https://www.econbiz.de/10009679699
Cover Image
The Making of a Great Contraction with a Liquidity Trap and a Jobless Recovery
Schmitt-Grohé, Stephanie - 2012
recovered but unemployment lingered). This paper presents a model that captures these three facts. The key elements of the model …
Persistent link: https://www.econbiz.de/10013097777
Cover Image
Pegs, Downward Wage Rigidity, and Unemployment : The Role of Financial Structure
Schmitt-Grohé, Stephanie - 2012
This paper studies the relationship between financial structure and the welfare consequences of fixed exchange rate regimes in small open emerging economies with downward nominal wage rigidity. The paper presents two surprising results. First, a pegging economy might be better off with a closed...
Persistent link: https://www.econbiz.de/10013103809
Cover Image
Managing Currency Pegs
Schmitt-Grohé, Stephanie; Uribe, Martín - 2021
rigidity makes the economy prone to involuntary unemployment during external crises. This paper presents a graphical analysis …
Persistent link: https://www.econbiz.de/10013224397
Cover Image
The case for temporary inflation in the eurozone
Schmitt-Grohé, Stephanie; Uribe, Martín - 2012
Persistent link: https://www.econbiz.de/10009655185
Cover Image
Prudential policy for peggers
Schmitt-Grohé, Stephanie; Uribe, Martín - 2012
Persistent link: https://www.econbiz.de/10009559690
Cover Image
Prudential Policy for Peggers
Schmitt-Grohé, Stephanie - 2012
rate creates a negative pecuniary externality. This peg-induced externality is shown to cause unemployment, overborrowing … unemployment rate by 10 percentage points, reduce average external debt by more than 50 percent, and increase welfare by over 7 …
Persistent link: https://www.econbiz.de/10013107020
Cover Image
Deep habits and the dynamic effects of monetary policy shocks
Ravn, Morten O.; Schmitt-Grohé, Stephanie; Uribe, Martín - 2009
Persistent link: https://www.econbiz.de/10003808015