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Giancarlo Corsetti

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Giancarlo Corsetti (Ph.D. Yale, 1992) is Professor of Macroeconomics at Cambridge University. He has previously taught at the European University Institute in Florence, as Pierre Werner Chair, the University of Rome III, Yale and Bologna.

He is a leading scholar in international economics and open macro with pioneering contributions on currency, financial and sovereign crises, monetary and fiscal policy in open economy, and global imbalances. His articles have appeared in the American Economic Review, Journal of Monetary Economics, Quarterly Journal of Economics, and the Review of Economic Studies. He has been a long-serving co-editor of the Journal of International Economics.

He is the director of the International Macroeconomic Programme at Centre for Economic Policy Research, and a consultant at the European Central Bank and the Bank of England. He is a member of Council of the European Economic Association, for which he has served as Program Chairman of the 2007 Annual Congress in Budapest.

For more information on his research visit https://sites.google.com/site/giancarlocorsetti/

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The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes

Paper Working paper | | Jun 2015

Exploiting three earthquakes in Italy as quasi-experiments, we analyse the response of homeowners’ consumption to transfers targeted to finance housing repair and reconstruction. To the extent that funds are made available up-front, these transfers are akin to loans, mainly affecting the liquidity of households’ wealth

Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage

Paper Working paper | | May 2015

Motivated by the long-standing debate on the pros and cons of competitive devaluation, we propose a new perspective on how monetary and exchange rate policies can contribute to a country’s international competitiveness. We refocus the analysis on the implications of monetary stabilization for a country’s comparative advantage.