The extensive margin and monetary policy

Journal of Monetary Economics

Volumn 55, Issue 7, 2008, Pages 1222-1237

  Bergin, Paul R ^a   Corsetti, Giancarlo ^b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b EUROPEAN UNIVERSITY INSTITUTE   (Italy)

Author keywords

Market dynamics; Monetary policy; Productivity

Indexed keywords

EID: 55649102744     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2008.08.011     Document Type: Article

References (29)

1. Ardelean, A., 2007. How strong is the love of variety? Mimeo.
2. Benassy J.P. Taste for variety and optimum production patterns in monopolistic competition. Economics Letters 52 (1996) 41-47
3. Bergin, P., Corsetti, G., 2005. Towards a theory of firm entry and stabilization policy. NBER Working Paper No. 11821.
4. Bilbiie, F., Ghironi, F., Melitz, M., 2005. Business cycles and firm dynamics. Mimeo.
5. Bilbiie, F., Ghironi, F., Melitz, M., 2008. Monetary policy and business cycles with endogenous entry and product variety. In: Acemoglu, Daron, Rogoff, Kenneth, Woodford, Michael (Eds.), NBER Macroeconomics Annual, 2007. University of Chicago Press, pp. 299-380.
6. Broda, C., Weinstein, D., 2004. Globalization and the gains from variety. NBER Working Paper No. 10314.
7. Campbell J. Entry, exit, embodied technology, and business cycles. Review of Economic Dynamics 1 (1998) 371-408
8. Campbell J., and Lapham B. Real exchange rate fluctuations and the dynamics of retail trade industries in the U.S.-Canada border. American Economic Review 94 (2004) 1194-1206
9. Chari V.V., Kehoe P.J., and McGrattan E.R. Can sticky price models generate volatile and persistent real exchange rates?. Review of Economic Studies 69 (2002) 533-563
10. Chatterjee S., Cooper R., and Ravikumar B. Strategic complementarity in business formation: aggregate fluctuations and sunspot equilibria. The Review of Economic Studies 60 (1993) 795-811
11. Christiano L., Eichenbaum M., and Evans C.L. Monetary policy shocks: what have we learned and to what end?. In: Taylor J., and Woodford M. (Eds). Handbook of Macroeconomics (1999) 65-148
12. Corsetti G., and Pesenti P. Welfare and macroeconomic interdependence. Quarterly Journal of Economics 116 (2001) 421-445
13. Corsetti G., and Pesenti P. International dimensions of optimal monetary policy. Journal of Monetary Economics 52 (2005) 281-305
14. Corsetti, G., Pesenti, P., 2005b. The simple geometry of transmission and stabilization in closed and open economy. NBER Working Paper No. 11341.
15. Corsetti, G., Martin, P., Pesenti, P., 2005. Productivity spillovers, terms of trade and the 'home market effect.' CEPR DP 4964.
16. Davis S., and Haltiwanger J. Gross job creation and destruction: microeconomic evidence and macroeconomic implications. In: Blanchard O.J., and Fischer S. (Eds). NBER Macroeconomics Annual (1990) 126-168
17. Devereux M., Head A., and Lapham B. Aggregate fluctuations with increasing returns to specialization and scale. Journal of Economic Dynamics and Control 20 (1996) 627-657
18. Dixit A.K., and Stiglitz J. Monopolistic competition and optimum product diversity, working paper version. In: Brakman S., and Heijdra B.J. (Eds). The Monopolistic Competition Revolution in Retrospect (1974), Cambridge University Press, Cambridge, MA 70-88
19. Domowitz I.R., Hubbard G., and Petersen B.C. Market structure and cyclical fluctuations in U.S. manufacturing. Review of Economics and Statistics 70 (1988) 55-66
20. Dunne T., Roberts M.J., and Samuelson L. Patterns of firm entry and exit in U.S. manufacturing industries. The RAND Journal of Economics 19 (1988) 495-515
21. Eichenbaum M., and Evans C.L. Some empirical evidence on the effects of shocks to monetary policy on exchange rates. Quarterly Journal of Economics 110 (1995) 975-1009
22. Elkhoury, M., Griffoli Mancini, T., 2006. Monetary policy with firm entry. Mimeo.
23. Ghironi F., and Melitz M. International trade and macroeconomic dynamics with heterogenous firms. Quarterly Journal of Economics 120 (2005) 865-915
24. Jaimovich, N., 2006. Firm dynamics, markup variations, and the business cycle. Mimeo.
25. Jaimovich N. Firm dynamics and markup variations: implications for sunspot equilibria and endogenous economic fluctuations. Journal of Economic Theory 137 (2007) 300-325
26. Kim J. What determines aggregate returns to scale?. Journal of Economic Dynamics and Control 28 (2004) 1577-1594
27. Lewis, V., 2006. Macroeconomic fluctuations and firm entry: theory and evidence. National Bank of Belgium, Working Paper Research 103.
28. Lewis, V., 2008. Optimal monetary policy responses to firm entry. Mimeo.
29. Uuksüla, L., 2008. Limited participation or sticky prices? new evidence from firm entry and failures. Mimeo, European University Institute.