Louphou Coulibaly retweeted
Self-oriented central banks should care about currency misalignments. Cooperation isn't needed if policy rules are set before asset trading; setting them after lowers welfare, from @LouphouC and Charles Engel nber.org/papers/w35928
Louphou Coulibaly retweeted
Showing that incorporating uninsurable countercyclical income risk into a standard international Real Business Cycle model can account for major open-economy macro puzzles, from Sushant Acharya, @ChalleEdouard, and @LouphouC nber.org/papers/w35448
Louphou Coulibaly retweeted
Excited to see this paper in print, joint work with @LouphouC
Should monetary policy lean against the wind?
With macroprudential tools, it targets the output gap. Without them, it also manages capital flows to avoid liquidity traps—yet lower rates may be optimal.
New paper by @JavierBianchi7 & @LouphouC
restud.com/liquidity-traps-p…
#REStud
Louphou Coulibaly retweeted
"Capital flowed to high-inflation countries during recent surge, worsening the output-inflation tradeoff. Reversing flows would have reduced volatility & tightening needs."
New paper by @LouphouC & Bengui:
restud.com/destabilizing-cap…
#REStud
#EconX
#EconTwitter
Louphou Coulibaly retweeted
Development of a model for analyzing how a monetary authority should respond to tariffs on imports. In the model, the optimal policy is expansionary, from @javierbianchi7 and @LouphouC nber.org/papers/w33560
Louphou Coulibaly retweeted
🚨New paper on how a central bank should respond to the sudden imposition of tariffs 🚨
🧵1/8
Louphou Coulibaly retweeted
Financial integration can lead to under-tightening or over-tightening of monetary policy in the Nash equilibrium, from @javierbianchi7 and @LouphouC nber.org/papers/w32009
Louphou Coulibaly retweeted
A theory of fear of floating, the ubiquitous policy of stabilizing exchange rates, in contrast to the classic Mundell Flemming paradigm that calls for a floating exchange rate regime, from @JavierBianchi7 and @LouphouC nber.org/papers/w30897
Louphou Coulibaly retweeted
Capital inflows undermine monetary policy's attempt to stabilize inflation during stagflation, from @JulBengui and @LouphouC nber.org/papers/w30652
Louphou Coulibaly retweeted
Macroprudential policy has become a new pillar of the macro toolkit. But how should it be integrated with the traditional macro policies and what are the implications for global welfare?
Brief thread🧵on joint work with Louphou Coulibaly @LouphouC
An integrated analysis of optimal monetary and macroprudential policies in an open economy, from @javierbianchi7 and @LouphouC nber.org/papers/w30038
Louphou Coulibaly retweeted
Very grateful to @equitablegrowth for supporting our work with my brilliant co-author @LouphouC on macroprudential policy and inequality.
Today’s #EGgrantee2021 spotlight stars @WIeconomics’s Louphou Coulibaly & @MinneapolisFed's @JavierBianchi7! They'll research how the effectiveness of prudential capital controls as a financial stability tool are affected by the income distribution + more: equitablegrowth.org/grants/m…
ALT Headshots of Louphou Coulibaly and Javier Bianchi