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Stock market conditions and monetary policy in a DSGE model for the U.S.
This paper investigates the relationship between stock market fluctuations and monetary policy in a DSGE model for the US economy. We initially adopt a framework in which fluctuations in households’Expand
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Monetary policy and stock-price dynamics in a DSGE framework
This paper analyzes the role of stock prices in driving monetary policy for price stability in a non-Ricardian DSGE model. It shows that the dynamics of the interest rate consistent with priceExpand
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Risk, Monetary Policy, and the Exchange Rate
In this research, we provide new empirical evidence on the importance of time-varying uncertainty for the exchange rate and the excess return in currency markets. Following an increase in monetaryExpand
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Safe Assets, Liquidity and Monetary Policy
This paper studies monetary policy in models where multiple assets have different liquidity properties: safe and "pseudo-safe" assets coexist. A shock worsening the liquidity properties of theExpand
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International Portfolio Allocation Under Model Uncertainty
This paper revisits an old argument, hedging real exchange rate risk, as an explanation of the international home bias in equity. In a dynamic model, the relevant risk to be hedged is the long-runExpand
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Update on epidemiology of HCV in Italy: focus on the Calabria Region
The epidemiological profile of HCV infection is evolving in Europe, as well as in Italy. We have previously showed genotype distributions and their dynamics in 2,153 HCV RNA positive patients livingExpand
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The welfare loss from unstable inflation
Abstract The Calvo price-setting mechanism produces relative-price dispersion among firms, while the Rotemberg model is consistent with a symmetric equilibrium. Nonetheless, both models imply theExpand
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Non-Neutrality of Open-Market Operations
Unconventional open-market operations can have consequences for inflation and output because of income losses on central-bank balance sheet. A proposition of neutrality holds under some specialExpand
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Stock Market Conditions and Monetary Policy in an DSGE Model for the US
This paper investigates the relationship between stock market fluctuations and monetary policy in a DSGE model for the US economy. We initially adopt a framework in which fluctuations in households’Expand
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Productivity shocks, stabilization policies and the dynamics of net foreign assets
In this paper we investigate the role of macroeconomic stabilization policies for the international transmission of productivity shocks and their effects on the external sector. We develop aExpand
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