Zobrazeno 1 - 10
of 24
pro vyhledávání: '"Andrea Gerali"'
Publikováno v:
SSRN Electronic Journal.
In this paper we study the allocative (in)efficiency of employment protection in relation to firing costs, in a general equilibrium model with labor market frictions. The optimal firing costs depend on the level of unemployment benefits and the degre
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8d4035f64741952f03bcdad6d893888e
https://doi.org/10.2139/ssrn.3852388
https://doi.org/10.2139/ssrn.3852388
Publikováno v:
Journal of International Money and Finance. 88:25-53
This paper evaluates the macroeconomic and financial effects of the Eurosystem’s Asset Purchase Programme (APP) and its interaction with a member country’s macroprudential policy. We assume that some households in a euro-area (EA) country are sub
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a35f118be43df490fb5db6e132157cd1
https://doi.org/10.1016/j.jimonfin.2018.06.005
https://doi.org/10.1016/j.jimonfin.2018.06.005
Publikováno v:
Journal of Policy Modeling. 40:418-433
We evaluate the effects of the European sovereign crisis on Italian potential output (natural output, in the absence of nominal rigidities) by simulating a New Keynesian model. Our results are as follows. First, the 2011–2013 recession subtracted 1
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::15ecd04222a94416c9b73bc38961d2d7
https://doi.org/10.1016/j.jpolmod.2017.07.006
https://doi.org/10.1016/j.jpolmod.2017.07.006
Publikováno v:
Economic Modelling. 69:249-280
We incorporate financial linkages in EAGLE, a New Keynesian multi-country dynamic general equilibrium model of the euro area (EA) by including financial frictions and country-specific banking sectors. In this new version, termed EAGLE-FLI (Euro Area
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0ef5fd227aec08e333de34b1e81c76b7
https://doi.org/10.1016/j.econmod.2017.09.024
https://doi.org/10.1016/j.econmod.2017.09.024
Macroeconomic effectiveness of non-standard monetary policy and early exit. A model-based evaluation
Publikováno v:
International Finance. 20:155-173
This paper evaluates the macroeconomic effects of the Eurosystem’s expanded Asset Purchase Programme (APP) under alternative strategies as regards (i) the unwinding of asset positions accumulated under the APP and (ii) communication of current and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f561a6e52b0bcb9bb33c2af63e999562
https://doi.org/10.1111/infi.12112
https://doi.org/10.1111/infi.12112
Publikováno v:
International Finance. 19:42-65
This paper evaluates the macroeconomic effects of simultaneously implementing growth-friendly fiscal consolidation and competition-friendly reforms in one European country by simulating a dynamic general equilibrium model. Our results are as follows.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3b8dc2abcacbda00e2784b772a5f4e18
https://doi.org/10.1111/infi.12082
https://doi.org/10.1111/infi.12082
Autor:
Stefano Neri, Andrea Gerali
Publikováno v:
Journal of Macroeconomics. 62:103019
The paper estimates a closed-economy medium-scale model for the United States and the euro area to assess the current level of the natural rate of interest and shed light on its drivers. The dynamics of the model are driven by permanent and transitor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::344f64d24a9b069023b1a53e51dfe396
https://doi.org/10.1016/j.jmacro.2018.04.007
https://doi.org/10.1016/j.jmacro.2018.04.007
Publikováno v:
The Manchester School. 83:120-139
We assess the effects of competition-friendly reforms on the zero lower bound (ZLB) on the monetary policy rate in a monetary union, using a dynamic general equilibrium model calibrated to two regions within the euro area (EA) and the rest of the wor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::93b1c0122536b049bd8ad9a6af82cccd
https://doi.org/10.1111/manc.12120
https://doi.org/10.1111/manc.12120
Autor:
Vasco Cúrdia, Werner Roeger, Jan Vlcek, Paolo Angelini, Skander Van den Heuvel, Leonardo Gambacorta, Laurent Clerc, Andrea Gerali, Roberto Motto, Alberto Locarno
Publikováno v:
The Manchester School. 83:217-251
Using a wide range of macroeconomic and econometric models we assess the long-term economic impact of the Basel III reform. Our main results are the following. (1) The economic costs of the new regulatory standards for bank capital and liquidity are
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6aa5917897ef2fabe86200d4a28c589e
https://doi.org/10.1111/manc.12056
https://doi.org/10.1111/manc.12056
Autor:
Pierre M Lafourcade, Andrea Gerali, Jan Bruha, Dirk Bursian, Ginters Buss, Vesna Corbo, Markus Haavio, Christina Håkanson, Tibor Hlédik, Gabor Katay, Dmitry Kulikov, Matija Lozej, Brian Micallef, Dimitris Papageorgiou, Juuso Vanhala, Martin Zeleznik
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::304adc416d776d98672fb9e9a142e4a4
https://doi.org/10.2139/ssrn.2828661
https://doi.org/10.2139/ssrn.2828661