Browsing Department of Economics by Author "Crucini, Mario J."

Now showing items 1-11 of 11

    • Accounting for Persistence and Volatility of Good-Level Real Exchange Rates: The Role of Sticky Information' 
      Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki (Vanderbilt University, 2008)
      Volatile and persistent real exchange rates are observed not only in aggregate series but also in the individual good level data. Kehoe and Midrigan (2007) recently showed that, under a standard assumption on nominal price ...
    • Dispersion in Real Exchange Rates 
      Crucini, Mario J.; Telmer, Chris I.; Zachariadis, Marios (Vanderbilt University, 2000)
      Using cross-sectional data on local currency prices of over 1,800 retail goods and services across 13 European countries in the mid 1980's, we characterize the behavior of average relative prices --- `real exchange rates' ...
    • Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level? 
      Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki (Vanderbilt University, 2011)
      We introduce the real exchange rate volatility curve as a useful device to understand the relationship between price stickiness and the fluctuations in Law of One Price deviations. In the presence of both nominal and real ...
    • Incentives and the Effects of Publication Lags on Life Cycle Research Productivity in Economics 
      Conley, John P.; Crucini, Mario J.; Driskill, Robert A.; Onder, Ali Sina (Vanderbilt University, 2011)
      We investigate how increases in publication delays have affected the life-cycle of publications of recent Ph.D. graduates in economics. We construct a panel dataset of 14,271 individuals who were awarded Ph.D.s between ...
    • International Real Business Cycles 
      Crucini, Mario J. (Vanderbilt University, 2006)
      This paper is a non-technical review of research developments in the international real business cycle literature. International business cycle facts are summarize with particular attention to the sources of output variance ...
    • International Risk-Sharing and Commodity Prices 
      Berka, Martin; Crucini, Mario J.; Wang, Chih-Wei (Vanderbilt University, 2011)
      Cole and Obstfeld (1991) exposited a classic result where equilibrium movements in the terms of trade could make ex ante risk-sharing arrangements unnecessary: a unity elasticity of substitution across goods and production ...
    • Persistence in Law-of-One-Price Deviations: Evidence from Micro-data 
      Crucini, Mario J.; Shintani, Mototsugu (Vanderbilt University, 2006)
      We study the dynamics of good-by-good real exchange rates using a micro-panel of 270 goods prices drawn from major cities in 63 countries and 258 goods prices drawn from 13 major U.S. cities. We find the half-life of ...
    • Persistence in Law-of-One-Price Deviations: Evidence from Micro-data 
      Crucini, Mario J.; Shintani, Mototsugu (Vanderbilt University, 2002)
      We study the dynamics of good-by-good real exchange rates using a micro-panel of 270 goods prices drawn from major cities in 71 countries and 245 goods prices drawn from 13 major U.S. cities. We find half-lives of deviations ...
    • Tariffs and the Great Depression Revisited 
      Crucini, Mario J.; Kahn, James (Vanderbilt University, 2003)
      In this paper we revisit the issues addressed in Crucini and Kahn (1996) in the light of recent research on the Great Depression. In that paper we had argued that particular features of the Hawley-Smoot tariffs could have ...
    • Understanding European Real Exchange Rates 
      Crucini, Mario J.; Telmer, Chris I.; Zachariadis, Marios (Vanderbilt University, 2001)
      We study good-by-good deviations from the Law-of-One-Price for over 5,000 goods and services between European Union countries for the years 1975, 1980, 1985 and 1990. We find that between most countries there are roughly ...
    • What Are the Driving Forces of International Business Cycles? 
      Crucini, Mario J.; Kose, M. Ayhan; Otrok, Christropher (Vanderbilt University, 2008)
      We examine the driving forces of G-7 business cycles. We decompose national business cycles into common and nation-specific components using a dynamic factor model. We also do this for driving variables found in business ...