Details about Willem Hendrik Buiter

Homepage:	http://www.nber.org/~wbuiter/
Workplace:	London School of Economics (LSE), University of London, (more information at EDIRC)

Access statistics for papers by Willem Hendrik Buiter.

Last updated 2009-10-06. Update your information in the RePEc Author Service.

Short-id: pbu137

---

Jump to Journal Articles Books Chapters

Working Papers

2009

1. Negative Nominal Interest Rates: Three ways to overcome the zero lower bound
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009)

2008

2. Can Central Banks Go Broke?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
3. Central banks and financial crises
   FMG Discussion Papers, Financial Markets Group
4. Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   See also Journal Article in Open Economies Review (2008)
5. Housing Wealth Isn't Wealth
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations

2007

6. Is Numerairology the Future of Monetary Economics? Unbundling numeraire and medium of exchange through a virtual currency and a shadow exchange rate
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007)
   CEP Discussion Papers, Centre for Economic Performance, LSE (2007)
7. Lessons from the 2007 Financial Crisis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
8. Seigniorage
   Economics Discussion Papers, Kiel Institute for the World Economy
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007)
   CEP Discussion Papers, Centre for Economic Performance, LSE (2007)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007)
   See also Journal Article in Economics - The Open-Access, Open-Assessment E-Journal (2007)

2006

9. Deflationary Bubbles
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations
   Birkbeck Working Papers in Economics and Finance, Birkbeck, School of Economics, Mathematics & Statistics (2004) View citations
   See also Journal Article in Macroeconomic Dynamics (2007)
10. How Robust is the New Conventional Wisdom? The Surprising Fragility of the Theoretical Foundations of Inflation Targeting and Central Bank Independence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
11. India's Public Finances: Excessive Budget Deficits, a Government-Abused Financial System and Fiscal Rules
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
12. The elusive welfare economics of price stability as a monetary policy objective - why New Keynesian central bankers should validate core inflation
    Working Paper Series, European Central Bank View citations

2005

13. How the Eurosystem’s Treatment of Collateral in its Open Market Operations Weakens Fiscal Discipline in the Eurozone (and what to do about it)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
14. Overcoming the Zero Bound on Nominal Interest Rates: Gesell's Currency Carry Tax vs. Eisler's arallel Virtual Currency
    Hi-Stat Discussion Paper Series, Institute of Economic Research, Hitotsubashi University
15. The 'Sense and Nonsense of Maastricht' Revisited: What Have We Learnt About Stabilization In EMU?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Journal of Common Market Studies (2006)

2004

16. A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: 2 Ghosts, 2 Eccentricities, A Fallacy, A Mirage and A Mythos
    NBER Working Papers, National Bureau of Economic Research, Inc
17. A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: Two Ghosts, Two Eccentricities, a Fallacy, a Mirage and a Mythos
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
18. Corporate Governance in Developing, Transition and Emerging-Market Economies
    OECD Development Centre Policy Briefs, OECD, Development Centre
19. Cross-Border Tax Externalities: Are Budget Deficits Too Small?
    Birkbeck Working Papers in Economics and Finance, Birkbeck, School of Economics, Mathematics & Statistics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004)
    Levine's Bibliography, UCLA Department of Economics (2003)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003)
20. Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
21. La gouvernance d'entreprise dans les pays en développement, en transition et les économies émergentes
    OECD Development Centre Policy Briefs, OECD, Development Centre
22. NATURE'S BLESSING OR NATURE'S CURSE: THE POLITICAL ECONOMY OF TRANSITION IN RESOURCE-BASED ECONOMIES
    Discussion Papers, University of Bonn, Center for Development Research (ZEF) View citations
23. The Elusive Welfare Economics of Price Stability As A Monetary Policy Objective: Should New Keynesian Central Bankers Persue Price Stability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
24. To Purgatory and Beyond: When and How Should the Accession Countries from Central and Eastern Europe Become Full Members of EMU?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2003

25. Deflation: Prevention and Cure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
26. James Tobin: An Appreciation of his Contribution to Economics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economic Journal (2003)
27. Two Naked Emperors? Concerns about the Stability and Growth Pact and Second Thoughts About Central Bank Independence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2002

28. Anchor, Float or Abandon Ship: Exchange Rate Regimes for Accession Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
29. Patching up the Pact: some Suggestions for Enhancing Fiscal Sustainability and Macroeconomic Stability in an Enlarged European Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2001

30. No Pain, No Gain? The Simple Analytics of Efficient Disinflation in Open Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
31. The Liquidity Trap in an Open Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

2000

32. Is Iceland an Optimal Currency Area?
    Economics, Department of Economics, Central bank of Iceland View citations
33. Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
34. Optimal Currency Areas: Why Does The Exchange Rate Regime Matter?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
35. The Fallacy of the Fiscal Theory of the Price Level, Again
    CESifo Working Paper Series, CESifo Group Munich View citations
    Also in Bank of England working papers, Bank of England

1999

36. Liquidity Traps: How to Avoid Them and How to Escape Them
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    Bank of England working papers, Bank of England View citations
37. The EMU and the NAMU: What is the Case for North American Monetary Union?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    See also Journal Article in Canadian Public Policy (1999)
38. The Fallacy of the Fiscal Theory of the Price Level
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations
39. UDROP: A Small Contribution to the New International Financial Architecture
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1998

40. Interpreting the ERM Crisis: Country-Specific and Systemic Issues
    Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations
41. Notes on "A Code for Fiscal Stability"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations
    See also Journal Article in Oxford Economic Papers (2001)
42. The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs and Fiscal Theories of the Price Level
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations

1997

43. A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997)
44. Aspects of Fiscal Performance in Some Transition Economies Under Fund-Supported Programs
    IMF Working Papers, International Monetary Fund View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations
45. Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-making and Performance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
46. Transition Issues for the European Monetary Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations

1996

47. Generational Accounts, Aggregate Savings, and Intergenerational Distribution
    IMF Working Papers, International Monetary Fund View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations
    See also Journal Article in Economica (1997)
48. Monetary union and macroeconomic stabilization
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
49. Promoting an Effective Market Economy in a Changing World
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1995

50. A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations
51. Budgetary Aspects of Stabilization and Structural Adjustment in India
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
52. Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations
53. Macroeconomic Policy During a Transition to Monetary Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1994

54. Indian Public Finance in the 1990s: Challenges and Prospects
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, Yale - Economic Growth Center (1993)
55. Ponzi Finance, Government Solvency and the Redundancy or Usefulness of Public Debt
    Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations

1993

56. Public Debt in the USA: How Much, How Bad and Who Pays?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1993) View citations

1992

57. Debt, Deficits and Inflation: An Application to the Public Finances of India
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations
    See also Journal Article in Journal of Public Economics (1992)
58. Excessive Deficits: Sense and Nonsence in the Treaty of Maastricht
    Working Papers, Yale - Economic Growth Center View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations
59. Government Solvency, Ponzi Finance and the Redundancy and Usefulness of Public Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations
    Working Papers, Yale - Economic Growth Center (1992) View citations
60. Permanent International Productivity Growth Differentials in an Integrated Global Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Scandinavian Journal of Economics (1993)
61. Permanent International Productivity Growth Differentials in an Integrated Global Economy. The Role of Households, Non-Tradeness, Self- Financing and Fiscal Policy
    Working Papers, Yale - Economic Growth Center
62. Should We Worry About the Fiscal Numerology of Maastricht?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, Yale - Economic Growth Center (1992)

1991

63. PERSISTENT DIFFERENCES IN NATIONAL PRODUCTIVITY GROWTH RATES WITH A COMMON TECHNOLOGY AND FREE CAPITAL MOBILITY. THE ROLE OF PRIVATE THRIFT, PUBLIC DEBT, CAPITA
    Working Papers, Yale - Economic Growth Center
64. Persistent Differences in National Productivity Growth Rates with A Com-mon Technology and Free Capital Mobility: The Roles of Private Thrift
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
65. Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
66. Saving and Endogenous Growth: A Survey of Theory and Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
67. The Welfare Economics of Cooperative and Noncooperative Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990)
    Working Papers, Yale - Economic Growth Center (1990)
    See also Journal Article in Journal of Economic Dynamics and Control (1991)

1990

68. ANOMALOUS SPECULATIVE ATTACKS ON FIXED EXCHANGE RATE REGIMES POSSIBLE RESOLUTIONS OF THE "GOLD STANDARD PARADOX"
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
69. Centre For Labour Economics
    NBER Working Papers, National Bureau of Economic Research, Inc
70. DEBT, DEFUCUT AND INFLATION: AN APPLICATION TO THE PUBLIC FINANCES OF INDIA
    Working Papers, Yale - Economic Growth Center
71. FISCAL POLICY INTERDEPENDENCE AND EFFICIENCY
    Working Papers, Yale - Economic Growth Center View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990)
72. RATIONAL SPECULATION BUBBLES IN EXCHANGE RATE TARGET ZONE
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
73. REFLECTIONS ON FISCAL IMPLICATIONS OF COMMON CURRENCY
    Working Papers, Yale - Economic Growth Center View citations
74. Rational Speculative Bubbles in an Exchange Rate Target Zone
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations
75. Reflections on the Fiscal Implications of a Common Currency
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations

1989

76. A "Gold Standard" Isn't Viable Unless Supported by Sufficiently FlexibleMonetary and Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986)
77. Debt Neutrality, Professor Vickrey and Henry George's "Single Tax"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economics Letters (1989)
78. Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986) View citations
    See also Journal Article in Oxford Economic Papers (1988)
79. The "Gold Standard Paradox" and its Resolution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1989) View citations

1988

80. A VIABLE GOLD STANDARD REQUIRES FLEXIBLE MONETARY AND FISCAL POLICY
    Working Papers, London School of Economics - Centre for Labour Economics View citations
    See also Journal Article in Review of Economic Studies (1989)
81. Borrowing to Defend the Exchange Rate and the Timing and Magnitude of Speculative Attacks
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986) View citations
    See also Journal Article in Journal of International Economics (1987)
82. Can Public Spending Cuts be Inflationary?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988)
83. DEBT NEUTRALITY, REDISTRIBUTION AND CONSUMER HETEROGENEITY: A SURVEY AND SOME EXTENSIONS - AND - DEBT NEUTRALITY, PROFESSOR VICKREY AND HENRY GEORGE'S SINGLE TAX
    Working Papers, London School of Economics - Centre for Labour Economics
84. Death, Population Growth, Productivity Growth and Debt Neutrality
    NBER Working Papers, National Bureau of Economic Research, Inc
85. SOME THOUGHTS ON THE ROLE OF FISCAL POLICY IN STABILISATION AND STRUCTURAL ADJUSTMENT IN DEVELOPING COUNTRIES
    Working Papers, London School of Economics - Centre for Labour Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1988) View citations

1987

86. Efficient "Myopic" Asset Pricing in General Equilibrium: A Potential Pitfall in Excess Volatility Tests
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economics Letters (1987)
87. Fiscal Prerequisites for a Viable Managed Exchange Rate Regime: A Non-technical Eclectic Introduction
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986)
88. Fiscal policy in open, interdependent economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1984) View citations
89. Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986)
    See also Chapter (1988)
90. The Current Global Economic Situation, Outlook and Policy Options, with Special Emphasis on Fiscal Policy Issues
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
91. The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1986

92. Costs and Benefits of an Anti-Inflationary Policy: Questions and Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
93. Granger Causality and Policy Ineffectiveness: A Rejoinder
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1986)
94. International Monetary Policy to Promote Economic Recovery
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1985) View citations
95. Macroeconomic Responses by Developing Countries to Changes in External Economic Conditions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1986)
96. Policy Decentralization and Exchange Rate Management in Interdependent Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1980)

1985

97. A Fiscal Theory of Hyperdeflations? Some Surprising Monetarist Arithmetic
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Oxford Economic Papers (1987)

1984

98. Allocative and Stabilisation Aspects of Budgetary and Financial Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
99. International Balance of Payments Financing and Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
100. Measuring Aspects of Fiscal and Financial Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1984)
101. Policy Evaluation and Design for Continuous Time Linear Rational Expectations Models: Some Recent Developments
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
     Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1984)
102. Saddlepoint Problems in Contifuous Time Rational Expectations Models: A General Method and Some Macroeconomic Ehamples
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
     Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1982) View citations
     See also Journal Article in Econometrica (1984)
103. The Proper Measurement of Government Budget Deficits: Comprehensive Wealth Accounting or Permanent Income Accounting for the Public Sector
     NBER Working Papers, National Bureau of Economic Research, Inc
104. The Theory of Optimum Deficits and Debt
     NBER Working Papers, National Bureau of Economic Research, Inc View citations

1983

105. Deficits, Crowding Out and Inflation: The Simple Analytics
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
106. Monetary and Fiscal Policy with Flexible Exchange Rates
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
107. Oil, Disinflation, and Export Competitiveness: A Model of the "Dutch Disease"
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1980) View citations
108. Optimal and Time-Consistent Polices in Continuous Time Rational Expectations Models
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
109. Predetermined and Non-Predetermined Variables in Rational Expectations Models
     NBER Technical Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article in Economics Letters (1982)
110. Real Effects of Anticipated and Unanticipated Money: Some Problems of Estimation and Hypothesis Testing
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in Journal of Monetary Economics (1983)

1982

111. Comment on T. J. Sargent and N. Wallace: "Some Unpleasant Monetarist Arithmetic"
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
112. Monetary Policy and International Competitiveness
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
113. On the Adequacy or Inadequacy of Keynesian Balance-of-Payments Theory: ARejoinder
     NBER Working Papers, National Bureau of Economic Research, Inc
114. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1981) View citations
     See also Chapter (1991)
     Journal Article in European Economic Review (1982)
115. Staggered Wage Setting without Money Illusion: Variations on a Theme of Taylor
     NBER Working Papers, National Bureau of Economic Research, Inc View citations

1981

116. A Note on the Solution of A Two-Point Boundary Value Problem Frequently Encountered in Rational Expectations Models
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
117. Granger-Causality and Stabilization Policy
     NBER Technical Working Papers, National Bureau of Economic Research, Inc
118. Issues in Controllability and the Theory of Economic Policy
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in Journal of Public Economics (1981)
119. Macroeconometric Modelling for Policy Evaluation and Design
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
120. The Roles of Monetary, Financial and Fiscal Policy with Rational Expectations
     NBER Working Papers, National Bureau of Economic Research, Inc
121. The Superiority of Contingent Rules over Fixed Rules in Models with Rational Expectations
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in Economic Journal (1981)
122. Time Preference and International Lending and Borrowing in an Overlapping-Generations Model
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in Journal of Political Economy (1981)

1980

123. Implications for the Adjustment Process of International Asset Risks: Exchange Controls, Intervention and Policy Risk, and Sovereign Risk
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
124. Monetary Policy and International Competitiveness (A story of smart speculators and sticky prices, set in a world of high-speed capital movements)
     The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
125. The Role of Economic Policy After the New Classical Macroeconomics
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1980) View citations

1979

126. Feedback and the Use of Current Information: The Use of General Linear Policy Rules in Rational Expectations Models
     NBER Working Papers, National Bureau of Economic Research, Inc

1978

127. Debt Neutrality: A Brief Review of Doctrine and Evidence
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations
128. Fiscal and Monetary Policies, Capital Formation, and Economic Activity
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations

1974

129. Long Run Effects of Fiscal and Monetary Policy on Aggregate Demand
     Cowles Foundation Discussion Papers, Cowles Foundation, Yale University View citations

Journal Articles

2008

1. Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council
   Open Economies Review, 2008, 19, (5), 579-612 View citations
   See also Working Paper (2008)
2. Europas Bankenkrise: ein Aufruf zum Handeln
   Wochenbericht, 2008, 75, (41), 640-641
3. Why the United Kingdom Should Join the Eurozone
   International Finance, 2008, 11, (3), 269-282 View citations

2007

4. DEFLATIONARY BUBBLES
   Macroeconomic Dynamics, 2007, 11, (04), 431-454 View citations
   See also Working Paper (2006)
5. Is Numérairology the Future of Monetary Economics?
   Open Economies Review, 2007, 18, (2), 127-156 View citations
6. Seigniorage
   Economics - The Open-Access, Open-Assessment E-Journal, 2007, 1, (10), 1-49 View citations
   See also Working Paper (2007)

2006

7. The 'Sense and Nonsense of Maastricht' Revisited: What Have we Learnt about Stabilization in EMU?
   Journal of Common Market Studies, 2006, 44, 687-710 View citations
   See also Working Paper (2005)

2005

8. New Developments in Monetary Economics: Two ghosts, Two Eccentricities, a Fallacy, a Mirage and a Mythos
   Economic Journal, 2005, 115, (502), C1-C31 View citations
9. Overcoming the zero bound on nominal interest rates: Gesell’s currency carry tax vs. Eisler’s parallel virtual currency
   International Economics and Economic Policy, 2005, 2, (2), 189-200

2004

10. Patching up the Pact
    The Economics of Transition, 2004, 12, (1), 67-102 View citations
11. Two Naked Emperors? Concerns about the Stability & Growth Pact and Second Thoughts about Central Bank Independence
    Fiscal Studies, 2004, 25, (3), 249-277

2003

12. James Tobin: An Appreciation of his Contribution to Economics
    Economic Journal, 2003, 113, (491), F585-F631 View citations
    See also Working Paper (2003)
13. Overcoming the zero bound on nominal interest rates with negative interest on currency: gesell's solution
    Economic Journal, 2003, 113, (490), 723-746 View citations
14. Ten Commandments for a Fiscal Rule in the E(M)U
    Oxford Review of Economic Policy, 2003, 19, (1), 84-99 View citations

2002

15. Quelle devrait être la mission des banques multilatérales de développement ?
    Revue d’économie du développement, 2002, 16, (1), 171-204
16. The Fiscal Theory Of The Price Level: A Critique
    Economic Journal, 2002, 112, (481), 459-480 View citations

2001

17. Notes on 'A Code for Fiscal Stability.'
    Oxford Economic Papers, 2001, 53, (1), 1-19 View citations
    See also Working Paper (1998)

2000

18. From Predation to Accumulation?: The Second Transition Decade in Russia
    The Economics of Transition, 2000, 8, (3), 603-622 View citations
19. Optimal Currency Areas: Scottish Economic Society/Royal Bank of Scotland Annual Lecture, 1999
    Scottish Journal of Political Economy, 2000, 47, (3), 213-50

1999

20. Alice in Euroland
    Journal of Common Market Studies, 1999, 37, (2), 181-209 View citations
21. The EMU and the NAMU: What is the Case for North American Monetary Union?
    Canadian Public Policy, 1999, 25, (3), 285-305 View citations
    See also Working Paper (1999)
22. UDROP: A Contribution to the New International Financial Architecture
    International Finance, 1999, 2, (2), 227-47 View citations

1997

23. Generational Accounts, Aggregate Saving and Intergenerational Distribution
    Economica, 1997, 64, (256), 605-26 View citations
    See also Working Paper (1996)
24. The Economic Case for Monetary Union in the European Union
    Review of International Economics, 1997, 5, (4), 10-35 View citations

1993

25. Options for UK Fiscal Policy
    Oxford Review of Economic Policy, 1993, 9, (3), 62-68
26. Permanent International Productivity Growth Differentials in an Integrated Global Economy
    Scandinavian Journal of Economics, 1993, 95, (4), 467-93 View citations
    See also Working Paper (1992)

1992

27. Debt, deficits, and inflation: An application to the public finances of India
    Journal of Public Economics, 1992, 47, (2), 171-205 View citations
    See also Working Paper (1992)
28. Fiscal policy coordination as fiscal federalism: Economic integration, public goods and efficiency in growing economies
    European Economic Review, 1992, 36, (2-3), 647-653
29. Who's Afraid of the Public Debt?
    American Economic Review, 1992, 82, (2), 290-94 View citations

1991

30. Persistent differences in national productivity growth rates with a common technology and free capital mobility: The roles of private thrift, public debt, capital taxation, and policy toward human capital formation
    Journal of the Japanese and International Economies, 1991, 5, (4), 325-353 View citations
31. The welfare economics of cooperative and noncooperative fiscal policy
    Journal of Economic Dynamics and Control, 1991, 15, (1), 215-244 View citations
    See also Working Paper (1991)

1989

32. A Viable Gold Standard Requires Flexible Monetary and Fiscal Policy
    Review of Economic Studies, 1989, 56, (1), 101-17 View citations
    See also Working Paper (1988)
33. Debt neutrality, Professor Vickrey and Henry George's 'single tax'
    Economics Letters, 1989, 29, (1), 43-47 View citations
    See also Working Paper (1989)
34. Some thoughts on the Brady plan: Putting a fourth leg on the donkey?
    World Development, 1989, 17, (10), 1661-1664 View citations

1988

35. Death, Birth, Productivity Growth and Debt Neutrality
    Economic Journal, 1988, 98, (391), 279-93 View citations
36. Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy
    Oxford Economic Papers, 1988, 40, (2), 220-45 View citations
    See also Working Paper (1989)

1987

37. A Fiscal Theory of Hyperdeflations? Some Surprising Monetarist Arithmetic
    Oxford Economic Papers, 1987, 39, (1), 111-18 View citations
    See also Working Paper (1985)
38. An empirical investigation of the long-run behavior of real exchange rates comment on the huizinga paper
    Carnegie-Rochester Conference Series on Public Policy, 1987, 27, (1), 215-223
39. Borrowing to defend the exchange rate and the timing and magnitude of speculative attacks
    Journal of International Economics, 1987, 23, (3-4), 221-239 View citations
    See also Working Paper (1988)
40. Efficient 'myopic' asset pricing in general equilibrium: A potential pitfall in excess volatility tests
    Economics Letters, 1987, 25, (2), 143-148 View citations
    See also Working Paper (1987)
41. Rewarding the profligate and punishing the prudent and poor: Some recent proposals for debt relief
    World Development, 1987, 15, (3), 411-417

1984

42. Controllability and the theory of economic policy: A further note
    Journal of Public Economics, 1984, 24, (1), 127-129
43. Government Debt: Comment [Government Debt in an Overlapping-Generations Model with Bequests and Gifts]
    American Economic Review, 1984, 74, (4), 762-65
44. Granger-Causality and Policy Effectiveness
    Economica, 1984, 51, (202), 151-62 View citations
45. Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples
    Econometrica, 1984, 52, (3), 665-80 View citations
    See also Working Paper (1984)

1983

46. Changing the Rules: Economic Consequences of the Thatcher Regime
    Brookings Papers on Economic Activity, 1983, 14, (1983-2), 305-380 View citations
47. Real effects of anticipated and unanticipated money: Some problems of estimation and hypothesis testing
    Journal of Monetary Economics, 1983, 11, (2), 207-224 View citations
    See also Working Paper (1983)

1982

48. Predetermined and non-predetermined variables in rational expectations models
    Economics Letters, 1982, 10, (1-2), 49-54 View citations
    See also Working Paper (1983)
49. Real exchange rate overshooting and the output cost of bringing down inflation
    European Economic Review, 1982, 18, (1), 85-123 View citations
    Also in European Economic Review, 1982, 18, (2), 85-123 (1982) View citations
    See also Chapter (1991)
    Working Paper (1982)

1981

50. Issues in controllability and the theory of economic policy
    Journal of Public Economics, 1981, 15, (1), 33-43 View citations
    See also Working Paper (1981)
51. Keynesian Balance of Payments Models: Comment [On the Almost Total Inadequacy of Keynesian Balance-of-Payments Theory]
    American Economic Review, 1981, 71, (4), 784-95
52. Monetary Policy and International Competitiveness: The Problems of Adjustment
    Oxford Economic Papers, 1981, 33, 143-75 View citations
53. Staggered Wage Setting with Real Wage Relativities: Variations on a Theme of Taylor
    The Manchester School of Economic & Social Studies, 1981, 49, (3), 211-28 View citations
54. The Superiority of Contingent Rules over Fixed Rules in Models with Rational Expectations
    Economic Journal, 1981, 91, (363), 647-70 View citations
    See also Working Paper (1981)
55. The Thatcher Experiment: The First Two Years
    Brookings Papers on Economic Activity, 1981, 12, (1981-2), 315-380 View citations
56. Time Preference and International Lending and Borrowing in an Overlapping-Generations Model
    Journal of Political Economy, 1981, 89, (4), 769-97 View citations
    See also Working Paper (1981)

1980

57. The Macroeconomics of Dr. Pangloss: A Critical Survey of the New Classical Macroeconomics
    Economic Journal, 1980, 90, (357), 34-50 View citations
58. Walras' Law and All That: Budget Constraints and Balance Sheet Constraints in Period Models and Continuous Time Models
    International Economic Review, 1980, 21, (1), 1-16 View citations

1978

59. A Didactic Note on the Transactions Demand for Money and Behavior towards Risk: A Note
    Journal of Money, Credit and Banking, 1978, 10, (4), 529-38 View citations
60. Short-run and Long-run Effects of External Disturbances under a Floating Exchange Rate
    Economica, 1978, 45, (179), 251-72 View citations

1977

61. On Two Specifications of Asset Equilibrium in Macroeconomic Models: A Note
    Journal of Political Economy, 1977, 85, (2), 395-400
62. Some Unfamiliar Properties of a Familiar Macroeconomic Model
    Economic Journal, 1977, 87, (348), 743-54
63. `Crowding out' and the effectiveness of fiscal policy
    Journal of Public Economics, 1977, 7, (3), 309-328 View citations

Books

2001

1. Central Banking and the Choice of Currency Regime in Accession Countries
   SUERF Studies, SUERF - The European Money and Finance Forum View citations

1990

2. Principles of Budgetary and Financial Policy, vol 1
   MIT Press Books, The MIT Press View citations

1985

3. International Economic Policy Coordination
   NBER Books, National Bureau of Economic Research, Inc View citations

Chapters

1991

1. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
   A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 239-277
   See also Working Paper (1982)
   Journal Article in European Economic Review (1982)

1988

2. Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies
   A chapter in International Aspects of Fiscal Policies, 1988, pp 121-172 View citations
   See also Working Paper (1987)

1985

3. Introduction to "International Economic Policy Coordination"
   A chapter in International Economic Policy Coordination, 1985, pp 1-7

1983

4. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation: Some Further Results
   A chapter in Exchange Rates and International Macroeconomics, 1983, pp 317-368 View citations