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A Model-based Approach
We assess the macroeconomic effects of a sovereign restructuring in a small economy belonging to a monetary union by simulating a dynamic general equi...
The Role of Emerging Asia
This paper investigates the role played by emerging Asia in the emergence and evolution of the global trade imbalances. Based on simulations in a gene...
The Role of Non-Tradabletotal Factor Productivity in Advanced Economies
This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of the United States, the euro area...
What are the Options?
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We study exchange rate and equity price dynamics, in general equilibrium, in the presence of news shocks about future productivity and monetary policy...
We study equity price volatility in general equilibrium with news shocks about future productivity and monetary policy. As West (1988) shows, in a par...