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Bianca De Paoli
Researcher at London School of Economics and Political Science
Publications - 37
Citations - 1475
Bianca De Paoli is an academic researcher from London School of Economics and Political Science. The author has contributed to research in topics: Monetary policy & New Keynesian economics. The author has an hindex of 16, co-authored 37 publications receiving 1370 citations. Previous affiliations of Bianca De Paoli include Bank of England & Federal Reserve Bank of New York.
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Monetary Policy and Welfare in a Small Open Economy
Bianca De Paoli,Bianca De Paoli +1 more
TL;DR: In this article, the authors characterized welfare in a small open economy and derived the corresponding optimal monetary policy rule, showing that the utility-based loss function is a quadratic expression in domestic inflation, output gap and real exchange rate.
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Costs of Sovereign Default
Bianca De Paoli,Glenn Hoggarth +1 more
TL;DR: The authors assesses the size and types of costs that have been associated with these defaults and concludes that costs, measured by the fall in output, are particularly large when default is combined with banking and/or currency crises.
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Monetary Policy and Welfare in a Small Open Economy
Bianca De Paoli,Bianca De Paoli +1 more
TL;DR: In this paper, the authors analyzed the utility-based loss function for a small open economy with monopolistic competition and nominal rigidities and showed that the utility function can be expressed as a quadratic expression of domestic inflation, output gap and real exchange rate.
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Coordinating Monetary and Macroprudential Policies
TL;DR: In this paper, a non-cooperative game between a monetary authority and a macro-prudential regulator whose objectives are a subset of those in the social loss function is studied.
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Monetary Policy Under Alterative Asset Market Structures: the Case of a Small Open Economy
TL;DR: In this paper, a linear-quadratic approach is used to compare complete and incomplete markets, and the ranking of policy rules is entirely reversed, and so are the policy prescriptions regarding the optimal level of exchange rate volatility.