Code and Data for: Beyond Competitive Devaluations

Principal Investigator(s):  View help for Principal Investigator(s) Paul Bergin, University of California Davis; Giancarlo Corsetti, Cambridge University

Version:  View help for Version V1

Name File Type Size Last Modified
  OPDSGE 01/04/2022 03:50:PM
  utilities 01/04/2022 03:54:PM
Changelog.txt text/plain 287 bytes 01/04/2022 11:13:AM
File Manifest.txt text/plain 42.2 KB 01/04/2022 11:08:AM
IVP_nowton.mat application/x-matlab-data 217 bytes 01/04/2022 10:45:AM
Jbt_bcm3b26indeb_bodramsey_optimal.m text/x-objcsrc 44 KB 01/04/2022 10:45:AM
Jbt_bcm3b26indeb_bodramsey_optimalnt2.m text/x-objcsrc 42 KB 01/04/2022 10:45:AM
Jbt_bcm3b26indeb_bodramsey_optimalnt3.m text/x-objcsrc 42.5 KB 01/04/2022 10:45:AM
Jbt_m1_bcm3b26indeb_bodramsey_optimal.m text/x-objcsrc 5.7 KB 01/04/2022 10:45:AM
Jbt_m1_bcm3b26indeb_bodramsey_optimalnt2.m text/x-objcsrc 4.8 KB 01/04/2022 10:45:AM
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Project Citation: 

Bergin, Paul, and Corsetti, Giancarlo. Code and Data for: Beyond Competitive Devaluations. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-03-22. https://doi.org/10.3886/E111342V1

Project Description

Summary:  View help for Summary We propose a new perspective on how monetary and exchange rate policies contribute to international competitiveness, by focusing on implications for a country’s comparative advantage. We develop a two-country New-Keynesian model allowing for sectoral differences in the production of tradables: while in one sector firms are perfectly competitive, in another sector firms produce differentiated goods under monopolistic competition and subject to nominal rigidities, hence their performance is more sensitive to macroeconomic uncertainty. We show that, by stabilizing inflation and the output gap, monetary policy can foster the competitiveness of these firms, encouraging investment and entry in the differentiated goods sector. 

Scope of Project

JEL Classification:  View help for JEL Classification
      F41 Open Economy Macroeconomics
      F41
Geographic Coverage:  View help for Geographic Coverage United States, European Union
Time Period(s):  View help for Time Period(s) 1980 – 2007 (annual)
Data Type(s):  View help for Data Type(s) program source code


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V1 [2022-03-22]

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