IGIER

Institutional members:
Università Bocconi,
CEPR and NBER


	Tommaso Monacelli
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Working Papers

Fiscal Policy, Wealth Effects, and Markups (with R. Perotti) - December 2008
Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter? (with A. Calza and L. Stracca), revised March 2007.

Fiscal Policy, the Trade Balance and the Real Exchange Rate: Implications for International Risk Sharing (July 2006, with R. Perotti)

Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S. (with Carlo Favero). This draft January 2005.

Published and Forthcoming Papers

New Keynesian Models, Durable Goods, and Collateral Constraints (September 2008), forthcoming Journal of Monetary Economics. Appendix with supplementary material
The International Dimension of Inflation: Evidence from Disaggregated Data (with L. Sala), revised August 2008, forthcoming Journal of Money, Credit and Banking.
Comment on A. Sbordone's "Globalization and Inflation Dynamics: the Impact of Increased Competition" (October 2007), forthcoming in International Dimensions of Monetary Policy, J. Galí and M. Gertler eds., University of Chicago Press and NBER 2008.
Optimal Monetary and Fiscal Policy in a Currency Union (with J. Galí), Journal of International Economics (2008).
Openness and the Sectoral Effects of Fiscal Policy (with R. Perotti), Journal of the European Economic Association (Papers & Proceedings), April-May 2008. Appendix with the model.
Optimal Monetary Policy in a Small Open Economy with Home Bias (with E. Faia), Journal of Money Credit and Banking Vol 40, 4, June.

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Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints (2007), in Campbell, John Y. (ed.), Asset Prices and Monetary Policy, University of Chicago Press (previously NBER wp 12470).
Optimal Interest Rate Rules, Asset Prices, and Credit Frictions (with E. Faia), Journal of Economic Dynamics and Control, Volume 31, Issue 10, October 2007, Pages 3228-3254
Monetary Policy and Exchange Rate Volatility in a Small Open Economy (with J. Galí), Review of Economic Studies, Volume 72, Number 3 (July 2005). "This is an electronic version of an article published in the Review of Economic Studies : complete citation information for the final version of the paper, as published in the print edition of the Review of Economic Studies, is available on the Blackwell Synergy online delivery service, accessible via the journal’s website at http://www.blackwell-synergy.com."
Monetary Policy in a Low Pass-Through Environment (2005), Journal of Money Credit and Banking, Vol. 37, N. 6. 1047-1066.
Into the Mussa Puzzle: Monetary Policy Regimes and the Real Exchange Rate in a Small Open Economy, Journal of International Economics, 62, 191-217 (2004).
New International Monetary Arrangements and the Exchange Rate, International Journal of Finance and Economics, Volume 6, issue 4 (2001)

How Much (A)symmetry in Europe ? Evidence from Industrial Sectors, European Economic Review, Vol. 39 # 5, May 1995 (with R.Helg, P. Manasse, R. Rovelli).

Commitment, Discretion and Fixed Exchange Rates in an Open Economy, in Exchange Rate Dynamics An Open Economy Macroeconomics Perspective, J.O. Hairault and T.Sopraseuth Eds. Routledge (2004).
[Link to the book]

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