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The extensive margin and monetary policy

Bergin, Paul R.; Corsetti, Giancarlo - In: Journal of monetary economics 55 (2008) 7, pp. 1222-1237

Persistent link: https://www.econbiz.de/10003791634

Productivity spillovers, terms of trade, and the home market effect

Corsetti, Giancarlo; Martin, Philippe; Pesenti, Paolo - 2005

those related to firms' lower cost of entry or product differentiation. Our model suggests that countries with lower … manufacturing costs have higher GDP but supply a smaller number of goods at a lower international price. Countries with lower entry … domestic demand has macroeconomic implications that are similar to those of a reduction in firms' entry costs …

Persistent link: https://www.econbiz.de/10010283303

International dimensions of optimal monetary policy

Corsetti, Giancarlo; Pesenti, Paolo - 2001

This paper provides a baseline general-equilibrium model of optimal monetary policy among interdependent economies with monopolistic firms that set prices one period in advance. Strict adherence to inward-looking policy objectives such as the stabilization of domestic output cannot be optimal...

Persistent link: https://www.econbiz.de/10010283479

Nominal Debt and the Dynamics of Currency Crises

Corsetti, Giancarlo; Mackowiak, Bartosz - 2000

We study the interaction of fiscal and monetary policies during a currency crisis in an economy with government nominal liabilities. We show that the stock and maturity of these liabilities are key determinants of the magnitude, timing and predictability of a devaluation. Among notable features...

Persistent link: https://www.econbiz.de/10010369201