Zobrazeno 1 - 10
of 22
pro vyhledávání: '"Alice Albonico"'
Publikováno v:
Journal of Money, Credit and Banking.
We estimate a medium-scale model with and without rule-of-thumb consumers over the pre-Volcker and the Great Moderation periods, allowing for indeterminacy. Passive monetary policy and sunspot fluctuations characterize the pre-Volcker period for both
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::db874d33964a996855c8160c62d9b89a
https://doi.org/10.1111/jmcb.13057
https://doi.org/10.1111/jmcb.13057
Autor:
Lukas Vogel, Roberta Cardani, Rafal Raciborski, Alice Albonico, Stefan Hohberger, Werner Roeger, Ludovic Calès, Filippo Maria Pericoli, Massimo Giovannini, Filippo Ferroni, Olga Croitorov, Marco Ratto, Beatrice Pataracchia
Publikováno v:
Economic Modelling. 81:242-273
Following the global financial crisis, the Euro Area (EA) has experienced a persistent slump and notable trade balance adjustments, but with pronounced differences across EA Member States. We estimate a multi-country structural macroeconomic model to
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7f7609d50cb8abe4ba0b36f509e0e7a2
https://doi.org/10.1016/j.econmod.2019.04.016
https://doi.org/10.1016/j.econmod.2019.04.016
Publikováno v:
Economic Inquiry. 57:1302-1323
We estimate a medium‐scale dynamic stochastic general equilibrium model for the Euro area with limited asset market participation (LAMP). Our results suggest that in the recent European Monetary Union years LAMP is particularly sizable (39% during
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9d6b6488e9a34ca51c379851e0a4451f
https://doi.org/10.1111/ecin.12791
https://doi.org/10.1111/ecin.12791
We study the effects on economic activity of a pure temporary change in government debt and the relationship between the debt multiplier and the level of debt in an overlapping generations framework. The debt multiplier is positive but quite small du
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::e96668317da6f219dafaac65cb2cca61
https://hdl.handle.net/10281/351611
https://hdl.handle.net/10281/351611
Publikováno v:
SSRN Electronic Journal.
We estimate a medium-scale model with and without rule-of-thumb consumers over the pre- Volcker and the Great Moderation periods, allowing for indeterminacy. Passive monetary policy and sunspot fluctuations characterize the pre-Volcker period for bot
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::53aca3513fb7057d786242f3e6ea5b73
https://doi.org/10.2139/ssrn.3737889
https://doi.org/10.2139/ssrn.3737889
Autor:
Patrizio Tirelli, Alice Albonico
We estimate a two-region model of the Euro area, with the purpose of identifying the shocks that caused the 2008–2009 recession and the subsequent 2010 sovereign bond crisis. One striking result is that both crises were demand-driven in the core Eu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::c45dad66e2b737d258e3da6223d2efef
https://hdl.handle.net/10281/287327
https://hdl.handle.net/10281/287327
Publikováno v:
Journal of Economic Dynamics and Control. 81:140-161
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. I
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9849f818e7cbebde21862b84dfc390b0
https://doi.org/10.1016/j.jedc.2016.10.012
https://doi.org/10.1016/j.jedc.2016.10.012
Publikováno v:
Journal of Empirical Finance. 39:254-264
This paper investigates the role of fiscal policies over the aggregate EMU business cycle. Previous studies, based on the assumption of non-separability between public and private consumptions, obtain a large public consumption multiplier, a small fr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::81946ab17336bc735921d56d5b8199f5
https://doi.org/10.1016/j.jempfin.2016.06.007
https://doi.org/10.1016/j.jempfin.2016.06.007
Publikováno v:
SSRN Electronic Journal.
This paper studies the debt multiplier, that is the effects of a temporary and pure change in government debt on economic activity. Contrary to an infinitely-lived representative agent model, in an overlapping generations (OLG) framework output incre
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3a7f12688eea8a56b579dade9ace908c
https://doi.org/10.2139/ssrn.3304494
https://doi.org/10.2139/ssrn.3304494
Autor:
Lorenza Rossi, Alice Albonico
This paper investigates the effects generated by limited asset market participation on optimal monetary and fiscal policy, where monetary and fiscal authorities are independent and play strategically. It shows that: (i) both the long run and the shor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::73e70c2e576a5a9c54ad898236f4bb66
http://hdl.handle.net/10281/151171
http://hdl.handle.net/10281/151171