The “Mystery of the printing press” monetary policy and self-fulfilling debt crises by Giancarlo Corsetti and Luca Dedola (12/2012). “Sovereign debt crises may be driven by either self-fulfilling expectations of default or fundamental fiscal stress. This paper studies the mechanisms…
Fiscal consolidation as a policy strategy to exit the global crisis by Giancarlo Corsetti, published by VoxEU. It supports a strongly precautionary approach to fiscal consolidation, but warns of the macroeconomic costs that come with each additional cut in…
What determines government spending multipliers? by Giancarlo Corsetti and André Meier. This paper take a step toward a systematic empirical analysis of how different economic conditions affect the transmission of government spending shocks. They findings suggest that standard estimates…
