Concept

Monetary reform

Publications associées (8)

Monetary Independence And Rollover Crises

This article shows that the inability to use monetary policy for macroeconomic stabilization leaves a government more vulnerable to a rollover crisis. We study a sovereign default model with self-fulfilling rollover crises, foreign currency debt, and nomin ...

OXFORD UNIV PRESS INC2022

Essays in Dynamic Corporate Finance

Francesca Maria Zucchi

This thesis examines the effects of financing frictions on corporate decisions using dynamic models. Accounting for financing frictions helps reconcile a number of regularities that are hard to explain within the Modigliani-Miller framework. For instance, ...

EPFL2015

Evaluation of the frequency stability of a VCSEL locked to a micro-fabricated Rubidium vapour cell

Yves Pétremand

We present our evaluation of a compact laser system made of a 795 nm VCSEL locked to the Rubidium absorption line of a micro-fabricated absorption cell. The spectrum of the VCSEL was characterised, including its RIN, FM noise andline-width. We optimised th ...

2010

International monetary policy cooperation revisited: conservatism and non-atomistic wage setting

Vincenzo Cuciniello

This paper presents a simple model of policy coordination in line with the New Open Economy Macroeconomics literature. I extent the analysis on non-cooperative toward cooperative solutions by incorporating a collective wage bargaining system and conservati ...

Center for Fiscal Policy Working Paper Series2009

Monetary-Labor Interactions, International Monetary Regimes, and Central Bank Conservatism

Vincenzo Cuciniello

A two-country general equilibrium model with large wage setters and conservative monetary authorities is employed to investigate the welfare implications of three international monetary regimes: i) non-cooperative, ii) cooperative, and iii) monetary union. ...

Center for Fiscal Policy Working Paper Series2009

On the Benefits of a Monetary Union: does it pay to be bigger?

Chiara Forlati

A two area dynamic stochastic general equilibrium model is employed to investigate the welfare implications of losing monetary independence. Two policy regimes are compared: (i) in one area there is a common currency, while in the other area countries stil ...

Center for Fiscal Policy Working Paper Series2009

Optimal Monetary and Fiscal Policy in the EMU: Does Fiscal Policy Coordination matter?

Chiara Forlati

I develop and analyze a DSGE model of a currency union to revise the question of how to conduct monetary and fiscal policy in countries that share the same currency. In contrast with the previous literature which assumes coordination, this paper analyzes t ...

Center for Fiscal Policy Working Paper Series2009

Symbiosis of Monetary and Fiscal Policies in a Monetary Union

Luisa Lambertini

We consider the interaction between the monetary policy in a monetary union, and separate fiscal policies of the member countries. We use a Barro-Gordon type model extended to many countries and fiscal policies. Each country's fiscal policies inflict exter ...

Elsevier2003

Graph Chatbot

Chattez avec Graph Search

Posez n’importe quelle question sur les cours, conférences, exercices, recherches, actualités, etc. de l’EPFL ou essayez les exemples de questions ci-dessous.

AVERTISSEMENT : Le chatbot Graph n'est pas programmé pour fournir des réponses explicites ou catégoriques à vos questions. Il transforme plutôt vos questions en demandes API qui sont distribuées aux différents services informatiques officiellement administrés par l'EPFL. Son but est uniquement de collecter et de recommander des références pertinentes à des contenus que vous pouvez explorer pour vous aider à répondre à vos questions.

Connectez-vous pour utiliser Chat avec Graph Search