Pierre Werner Chair Programme > Publications

Publications

 

 

2018

2017

2016

2015

2014

  • Bridging DSGE Models and the Raw Data, Fabio Canova, "Journal of Monetary Economics", 2014, vol. 67, issue C, 1-15.
  • A General Algorithm for Estimating Structural VARs, Fabio Canova and F. Perez-Forero, "Quantitative Economics", Volume 6, Issue 2 (July 2015)
  • The effects of the monetary policy stance on the transmission mechanism, Massimiliano Marcellino with Ana Galvao, "Studies in Nonlinear Dynamics and Econometrics", 2014, vol. 18(3).
  • Forecasting with Factor Augmented Error Correction Models, Massimiliano Marcellino, Anindya Banerjee and Igor Masten, "International Journal of Forecasting", 2014, vol. 30, 589-612.

2013

 

2012

  • Massimiliano Marcellino; Guido Bulligan and Fabrizio Venditti "Forecasting economic activity with targeted predictors", Banca d'Italia, Temi di Discussione, 847
  • Elena Carletti; Franklin Allen; Douglas Gale “Money, Financial Stability and Efficiency”, Journal of Economic Theory , 2012
  • Elena Carletti; Franklin Allen “What’s Systemic Risk?”, Journal of Money, Credit and Banking , 2012
  • Elena Carletti; Franklin Allen; Ana Babus “Asset Commonality, Debt Maturity and Systemic Risk”, Journal of Financial Economics , 2012, 104(3), 519-534
  • Carriero, Andrea; Kapetanios, George; Marcellino, Massimiliano “Forecasting Government Bond Yields with Large Bayesian VARs”, Journal of Banking and Finance , 2012, 36(7), 2026-2047.
  • Demertzis, Maria; Marcellino, Massimilinao; Viegi, Nicola “ A Credibility Proxi: Tracking US Monetary Developments ”, B.E. Journal of Macroeconomics , Topics, 2012, 12(1).

 

2011

  • Allen, Franklin; Carletti, Elena; Marquez, Robert; “Credit Market Competition and Capital Regulation” Review of Financial Studies, 2011, 24(4), 983–1018, lead article
  • Allen, Franklin; Carletti, Elena; Leonello, Agnese, “Deposit Insurance and Risk Taking” (with), Oxford Review of Economic Policy, 2011, 27(3), 464-478
  • Allen, Franklin; “New Theories to Underpin Financial Reform”, Journal of Financial Stability, forthcoming – 2011
  • Carriero, Andrea; Kapetanios, George; Marcellino, Massimiliano “ Forecasting Large Datasets with Bayesian Reduced Rank Multivariate Models ”, Journal of Applied Econometrics, 2011, 26, 736-761.
  • Kuzin, Vladimir; Marcellino, Massimiliano; Schumaker, Christian “MIDAS vs Mixed-Frequency VAR for Nowcasting GDP in the Euro Area”, International Journal of Forecasting , 2011, 27, 529-542.
  • Carriero, Andrea “Sectoral survey-based confidence indicators for Europe”, Oxford Bulletin of Economics and Statistics , 73, 175–206.
  • Musso, Alberto “The Reliability of Real Time Estimates of the Euro Area Output Gap”, with, Economic Modelling , 2011, 28, 1842–1856.
  • Frale, Cecilia; Mazzi, Gianluigi; Marcellino, Massimiliano; Proietti, Tommaso “EUROMIND: A Monthly Indicator of the Euro Area Economic Conditions” Journal of the Royal Statistical Society , 2011, Series A, 174, 439-470.

  • Angelini, Elena; Marcellino, Massimiliano “Econometric Analyses with Backdated Data: Unified Germany and the Euro Area”, Economic Modelling , 2011, 28, 1405–1414.
  • Deak, Szabolcs; Fontagné, Lionel; Maffezzoli, Marco; Marcellino, Massimiliano “LSM: A DSGE Model for Luxembourg”, Economic Modelling , 2011, 28, 2862–2872.
  • Kuzin Vladimir; Marcellino Massimiliano; Schumaker Christian; ‘MIDAS vs Mixed-Frequency VAR for Nowcasting GDP in the Euro Area’, with, International Journal of Forecasting, 2011, 27, 529-542.
  • Carriero Andrea; Marcellino Massimiliano; ‘Sectoral survey-based confidence indicators for Europe’ Oxford Bulletin of Economics and Statistics, 2011, 73, 175–206.
  • Marcellino Massimiliano; Musso Alberto; ‘The Reliability of Real Time Estimates of the Euro Area Output Gap’ with, Economic Modelling, 2011, 28, 1842–1856.
  • Frale Cecilia; Marcellino Massimiliano; Mazzi Gianluigi; Proietti Tommaso; ‘EUROMIND: A Monthly Indicator of the Euro Area Economic Conditions’, Journal of the Royal Statistical Society, 2011, 174, 439-470.

 

2010

  • Empirical Simultaneous Confidence Regions for Path-Forecasts ,  
    Massimiliano Marcellino, Oscar Jorda and Malte Knueppel, 2010
  • Corsetti, Giancarlo; Meier, André; Müller, Gernot J., ‘Cross-Border Spillovers from Fiscal Stimulus’, International Journal of Central Banking, 2010, 6, 1, 5-37.
  • Corsetti, Giancarlo; Kuester, Keith; Meier, André, Müller, Gernot; ‘Debt Consolidation and Fiscal Stabilization of Deep Recessions’, American Economic Review, 2010, 100(2), 41-45.

 

2008

  • Corsetti, Giancarlo; ‘A Modern Reconsideration of the Theory of Optimal Currency Areas’, European Economy Economic Papers, 2008, 308, 1-39.
  • Corsetti, Giancarlo et.al., ‘Proceedings of the Twenty-second Annual Congress of the European Economic Association, Budapest, August 2007’, Journal of the European Economic Association, 2008, 6, 2-3, 255-726.
  • Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain; ‘International Risk Sharing and the Transmission of Productivity Shocks’, Review of Economic Studies, 2008, 75, 2, 443-473.
  • Corsetti, Giancarlo; Mueller, Gernot; ‘Twin Deficits, Openness, and the Business Cycle’, Journal of the European Economic Association, 2008, 6(2-3), 404-413.
  • Corsetti, Giancarlo; Bergin, Paul; ‘The Extensive Margin and Monetary Policy’, Journal of Monetary Economics, 2008, 55, 7, 1222-1237.
  • Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain; ‘High Exchange Rate Volatility and Low Pass-through’, Journal of Monetary Economics, 2008 55(6), 1113-1128, previously CEPR dp 5377.

 

2007

  • Corsetti, Giancarlo; Martin, Philippe; Pesenti, Paolo; ‘Productivity Spillovers, Terms of Trade and the ‘Home Market Effect’’, Journal of International Economics, 2007, 73(1): 99-127. Previously DP 4964, NBER WP 11165.
  • Corsetti, Giancarlo; Mueller, Gernot; ‘Twin deficit, Openness and the Business Cycle’, prepared for the 2007 EEA Meeting in Budapest, CEPR discussion paper no. 4769, 2007, Journal of European Economic Association 2008, 6, 2-3, 404-413.

 

2006

  • Corsetti, Giancarlo; Mackowiak, Bartosz; ‘Fiscal Imbalances and the Dynamics of Currency Crises’, European Economic Review, 2006, 50, 1317-1338.
  • Corsetti, Giancarlo; Guimaraes, Bernardo; Roubini, Nouriel; ‘International Lending of Last Resort and Moral Hazard: A Model of IMF’s Catalytic Finance’, Journal of Monetary Economics, 2006, 53, 441-471.
  • Corsetti, Giancarlo; ‘Openness and the Case for Flexible Exchange Rates’, Research in Economics, 2006, 60, 1-21.
  • Corsetti, Giancarlo; Mueller, Gernot; ‘Twin Deficits: Squaring Theory Evidence and Common Sense’, Economic Policy, 2006, 48, 597-638.
  • Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain; ‘Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries’, in Lucrezia Reichlin and Kennet West (eds.), NBER International Seminar on Microeconomics, 2006. (Also CEPR Discussion Paper 5853, NBER Working Paper 12483).

2018

2017

2016

  • Allen, F., Carletti, E., Gray, J. & Gulati, M. (2016), Filling the gaps in governance: the case of Europe, Florence: European University Institute; London: Brevan Howard Centre at Imperial College; Milan: Baffi Carefin, Bocconi University, RSCAS, Florence School of Banking and Finance.

Earlier books

  • Allen, Franklin; Carletti, Elena; Gray, Joanna: Bearing the losses from bank and souvereign default in the Eurozone, edited volume, with FIC Press, Wharton Financial Institutions Center, 2014
  • Allen Franklin, Carletti Elena and Gray Joanna: Political, Fiscal and Banking Union in The Eurozone?, edited volume, with FIC Press, Wharton Financial Institutions Center, 2013
  • Allen, Franklin; Carletti, Elena; Simonelli, Saverio; Governance for the Eurozone – Integration or Disintegration ?,  edited volume, with FIC Press, Wharton Financial Institutions Center, 2012
  • Allen, Franklin; Carletti, Elena; Corsetti, Giancarlo; Life in the Eurozone With or Without Sovereign Default?,Philadelphia, FIC Press, 2011
  • Corsetti, Giancarlo; Devereux, Michael P.; Guiso, Luigi; Hassler, John; Saint-Paul, Gilles; Sinn, Hans-Werner; Sturm, Jan-Egbert; Vives, Xavier; The EEAG Report on the European Economy: Economic Outlook, Rebuilding Trust, Global Debt, US Imbalances; The Eurozone , Munich, CESifo Group, 2010
  • Corsetti, Giancarlo; Devereux, Michael P.; Hassler, John; Jenkinson, Tim; Saint-Paul Gilles; Sinn, Hans-Werner; Sturm, Jan-Egbert; Vives, Xavier; The EEAG Report on the European Economy 2009: Economic Outlook, The Financial Crisis, Private Equity, France, Munich, CESifo Group, 2009
  • Calmfors, Lars; Corsetti, Giancarlo; Devereux, Michael P., Saint-Paul, Gilles; Sinn, Hans-Werner; Sturm, Jan-Egbert; Vives, Xavier; The EEAG Report on the European Economy 2008: Europe in a Globalised World – Ecomonic Outlook, the Falling Dollar, Globalisation and Industrial Policy, Global Warming, Munich, CESifo Group, 2008
  • Calmfors, Lars; Corsetti, Giancarlo; Devereux, Michael P.; Honkapohja, Seppo; Saint-Paul, Gilles; Sinn, Hans-Werner; Sturm, Jan-Egbert; Vives, Xavier; The EEAG Report on the European Economy 2007: Economic Outlook, Macro Adjustment in the Euro Area, New EU Members, Scandinavian Model, Tax Competition, Economic Nationalism, Munich, CESifo Group, 2007
  • Artis Michael, Banerjee Anindya and Marcellino Massimiliano (eds.), The European Enlargement: Prospects and Challenges, , Cambridge: Cambridge University Press, 2006
  • Carletti Elena; Franklin Allen; Jun Qian, and Patricio Valenzuela “Financial Intermediation, the Credit Markets, and Alternative Financial Systems,” in G.M. Constantinides, M. Harris and R.M. Stulz, Handbook of the Economics of Finance, Elsevier, 2013
  • Allen, Franklin; Beck, Thorsten; Carletti, Elena; Lane, Philip; Schoenmaker Dirk; Wagner, Wolf “ Cross-Border Banking in Europe: Implications for Financial Stability and Macro-prudential Policies ”, CEPR Policy Report, 2011
  • Allen, Franklin; Carletti, Elena; Financial Regulation Going Forward , in Conference Proceedings of the 38th Oesterreichische Nationalbank Economics Conference on “Central Banking after the Crisis: Responsibilities, Strategies and Instruments, 137-156 - 2011
  • Allen, Franklin; Carletti, Elena; Krahnen, Jan Peter; Tyrell, Marcel (eds.), “Introduction to Liquidity and Crises,” in Liquidity and Crises , Oxford University Press, 2011, 3–32
  • Corsetti, Giancarlo; “ Financial Architecture”, in Honkapohja,Seppo and Westermann, Frank (eds.), Designing the European Model, Houndmills/Basingstoke/Hampshire, Palgrave MacMillan, 2009, pp. 366-398
  • Corsetti, Giancarlo; “ Pensions and Children”, inHonkapohja,Seppo and Westermann, Frank (eds.), Designing the European Model, Houndmills/Basingstoke/Hampshire, Palgrave MacMillan, 2009, pp. 399-446
  • Corsetti, Giancarlo; “ Global Imbalances”, inHonkapohja,Seppo and Westermann, Frank (eds.), Designing the European Model, Houndmills/Basingstoke/Hampshire, Palgrave MacMillan, 2009, pp. 296-327
  • Corsetti, Giancarlo; “ Acceding Countries: The Road to the Euro”, inHonkapohja,Seppo and Westermann, Frank (eds.), Designing the European Model, Houndmills/Basingstoke/Hampshire, Palgrave MacMillan, 2009, pp. 229-258
  • Corsetti, Giancarlo; “ Fiscal Policy and Macroeconomic Stabilisation in the Euro Area: Possible Reforms of the Stability and Growth Pact and National Decision-Making Process”, inHonkapohja,Seppo and Westermann, Frank (eds.), Designing the European Model, Houndmills/ Basingstoke/Hampshire, Palgrave MacMillan, 2009, pp. 177-228
  • Corsetti, Giancarlo; “A Modern Reconsideration of the Theory of Optimal Currency Areas”, in '[email protected]: Achievements and Challenges'. also CEPR dp. 6712. 2008 also CEPR dp. 6712. 2008
  • Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain; “Optimal Monetary Policy and the Sources of Local-Currency Price Stability”, in the NBER book International Dimension of Monetary Policy edited by Jordi Gali and Mark Gertler, Chicago University Press. NBER working paper no 13544, CEPR DP 6557, 2007
  • Corsetti, Giancarlo; “A Micro-founded Reconsideration of the Theory of Optimum Currency Areas”, in Quaderni di Ricerca, Ente Luigi Einaudi, Rome, 2006

Contacts 


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Page last updated on 14 December 2017