Working Papers

Submitted Papers

  1. Philippe Bacchetta, Kenza Benhima, Yannick Kalantzis. “Capital Controls with International Reserve Accumulation: Can this Be Optimal?” FINRISK WP 736. Revise and Resubmit, American Economic Journal Macroeconomics, 2011.
     
  2. Isabella Blengini. “Foreign Currency Debt and Expectations”, FINRISK WP 767. Revise and Resubmit, Journal of International Economics, 2012.
     
  3. Isabella Blengini. “Portfolio Choice under Uncertainty”, FINRISK WP 768. Revise and Resubmit, Journal of International Economics, 2012.
     
  4. Julio Carrillo, Céline Poilly. “How Do Financial Frictions Affect the Spending Multiplier During a Liquidity Trap?” Ghent University Working Paper 2012/779. Revise and Resubmit, Review of Economic Dynamics, 2012.
     
  5. Vincenzo Cuciniello and Luisa Lambertini. “Optimal Exchange-Rate Flexibility with Large Labor Unions,” resubmitted to the Journal of International Economics, 2012.
     
  6. Chiara Forlati. “On the Benefits of a Monetary Union: Does it Pay to Be Bigger?” submitted to the Journal of International Economics, 2012.
     
  7. Lewis Gaul and Pinar Uysal. “Can Equity Volatility Help Explain the Loan Pricing Puzzle?” revise-and-resubmit to the Review of Financial Studies, 2012.
     
  8. Luisa Lambertini, Caterina Mendicino and Maria Teresa Punzi. “Expectation-Driven Cycles in the Housing Market: Evidence from Survey Data,” resubmitted to the Journal of Financial Stability, 2012.
     
  9. Luisa Lambertini, Caterina Mendicino and Maria Teresa Punzi. “Leaning against Boom-Bust Cycles in Credit and Housing Prices,” revise-and-resubmit to the Journal of Economic Dynamics and Control, 2012.
     
  10. Baptiste Massenot, Kenza Benhima. “Safety Traps”, DEEP Working Paper 12.04. Revise and Resubmit, American Economic Journal Macroeconomics, 2012.
     

Completed Manuscripts

  1. Daniel Andrei. “Information Percolation Driving Volatility”, FINRISK WP 772, 2012.
     
  2. Daniel Andrei and Michael Hasler. “Investors’ Attention and Stock Market Volatility”, FINRISK WP 757, 2012.
     
  3. Jean-Louis Arcand, Enrico Berkes, and Ugo Panizza. “Too Much Finance?”, IMF Working Papers 12/161, International Monetary Fund, 2012.
     
  4. Toni Beutler and Mathieu Grobéty. “The Collateral Channel under Imperfect Debt Enforcement”, FINRISK WP 771, 2012.
     
  5. Marc Flandreau, Norbert Gaillard, and Ugo Panizza. “Conflicts of Interest, Reputation and the Interwar Debt Crisis: Banksters or Bad Luck?”, IHEID Working Paper, 2011
     
  6. Chiara Forlati. “Optimal Monetary and Fiscal Policy in the EMU: Does Fiscal Policy Coordination Matter?” working paper, 2009.
     
  7. Chiara Forlati and Luisa Lambertini. “Mortgage Amortization and Amplification,” working paper, 2012.
     
  8. Victoria Nuguer. “Financial Intermediation in a Global Environment,” working paper, 2012.
     
  9. Ugo Panizza, and Andrea Presbitero. “Public Debt and Economic Growth: Is There a Causal Effect?”, MoFiR working paper No. 65, 2012.
     
  10. Francesco Pappadà, Sophie Osotimehin . “All You Need Is Loan: Credit market frictions and the exit of firms in recessions”, FINRISK WP 773, 2012.
     

Work in Progress

  1. Stefano Gnocchi and Luisa Lambertini. “Monetary and Fiscal Interactions with Debt Dynamics,” work in progress.
     
  2. Linda Goldberg and Cédric Tille. “A Bargaining Theory of Trade Invoicing,” This working paper should be completed by November 2012.
     
  3. Linda Goldberg and Cédric Tille. “Micro, Macro, and Strategic Forces in International Trade Invoicing,” This paper should be completed by December 2012.
     
  4. Punnoose Jacob, Luisa Lambertini and Luca Onorante. “Fiscal Policy in Theory and in Practice,” work in progress.
     
  5. Luisa Lambertini, Victoria Nuguer and Pinar Uysal. “Mortgage Default in an Estimated Model of the U.S. Housing Market,” work in progress.
     
  6. Luisa Lambertini and Pinar Uysal. “Macroeconomic Implications of Bank Capital Requirements,” work in progress.
     
  7. Pinar Uysal. “Estimation of a New Keynesian Model for Switzerland,” work in progress.