Details about Matthew Buford Canzoneri

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Short-id: pca260

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Working Papers

2020

1. Optimal Dynamic Capital Requirements and Implementable Capital Buffer Rules
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (5)

2015

2. Fiscal Multipliers in Recessions
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
   Also in Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft (2012) View citations (14)
   See also Journal Article Fiscal Multipliers in Recessions, Economic Journal, Royal Economic Society (2016) View citations (98) (2016)

2008

3. Macroeconomic Implications of a Key Currency
   CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis View citations (4)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (7)
4. Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (65)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (66)
   Working Paper Research, National Bank of Belgium (2008) View citations (61)
   See also Journal Article Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (67) (2008)
5. Monetary and Fiscal Policy Coordination when Bonds Provide Transactions Services
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)

2007

6. Coordination of Monetary and Fiscal Policy in a Monetary Union: Policy Issues & Analytical Models*
   Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group View citations (1)

2005

7. How Do Monetary and Fiscal Policy Interact in the European Monetary Union?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
   See also Chapter How Do Monetary and Fiscal Policy Interact in the European Monetary Union?, NBER Chapters, National Bureau of Economic Research, Inc (2006) View citations (9) (2006)

2004

8. The Cost of Nominal Inertia in NNS Models
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)

2002

9. The Need for International Policy Coordination: What's Old, What's New, What's Yet to Come?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
   See also Journal Article The need for international policy coordination: what's old, what's new, what's yet to come?, Journal of International Economics, Elsevier (2005) View citations (93) (2005)

1998

10. Fiscal Discipline and Exchange Rate Regimes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
11. Is the Price Level Determined by the Needs of Fiscal Solvency?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (64)
    See also Journal Article Is the Price Level Determined by the Needs of Fiscal Solvency?, American Economic Review, American Economic Association (2001) View citations (276) (2001)
12. Trends in European Productivity: Implications for Real Exchange Rates, Real Interest Rates and Inflation Differentials
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (25)

1996

13. Do Exchange Rate Move to Address International Macroeconomic Imbalances?
    Working Papers, Banco de España View citations (43)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (55)
14. Feasible Mechanisms for Achieving Monetary Stability: a Comparison of Inflation Targeting and the ERM
    Bank of England working papers, Bank of England
15. Fiscal Constraints on Central Bank Independence and Price Stability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
16. Mechanisms for Achieving Monetary Stability: Inflation Targeting Versus the ERM
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    See also Journal Article Mechanisms for Achieving Monetary Stability: Inflation Targeting versus the ERM, Journal of Money, Credit and Banking, Blackwell Publishing (1997) View citations (20) (1997)
17. Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (126)
    See also Journal Article Relative labor productivity and the real exchange rate in the long run: evidence for a panel of OECD countries, Journal of International Economics, Elsevier (1999) View citations (310) (1999)
18. Trends in European Productivity and Real Exchange Rates
    Working Papers, Banco de España View citations (12)
19. Trends in European Productivity and Real Exchange Rates: Implications for the Maastricht Convergence Criteria and for Inflation Targets after EMU
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)

1995

20. Monetary Integration in Europe: Implications for Real Interest Rates, National Stock Markets and the Volatility of Prices and Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
21. Real Interest Rates and Central Bank Operating Procedures
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article Real interest rates and central bank operating procedures, Journal of Monetary Economics, Elsevier (1998) View citations (16) (1998)

1989

22. A new interpretation of the coordination problem and its empirical significance
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    See also Journal Article A new interpretation of the coordination problem and its empirical significance, Proceedings, Board of Governors of the Federal Reserve System (U.S.) (1990) View citations (5) (1990)
23. IS THE EUROPEAN COMMUNITY AN OPTIMAL CURRENCY AREA? OPTIMAL TAX SMOOTHING VERSUS THE COST OF MULTIPLE CURRENCIES
    Working Papers, Tilburg - Center for Economic Research View citations (3)
    Also in Discussion Paper, Tilburg University, Center for Economic Research (1989) View citations (2)
    Other publications TiSEM, Tilburg University, School of Economics and Management (1989) View citations (2)

1987

24. Policy Interdependence: Does Strategic Behaviour Pay? An Empirical Investigation Using the Liverpool World Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

1986

25. When International Policy Coordination Matters: An Empirical Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)

1984

26. The effects of exchange rate variability on output and employment
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
27. The macroeconomic implications of labor contracting with asymmetric information
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1983

28. Monetary policy games and the role of private information
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article Monetary Policy Games and the Role of Private Information, American Economic Review, American Economic Association (1985) View citations (246) (1985)
29. Two essays on monetary policy in an interdependent world
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (7)

1982

30. Wage contracting, exchange rate volatility, and exchange intervention policy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)

1981

31. Exchange intervention policy in a multiple country world
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
    See also Journal Article Exchange intervention policy in a multiple country world, Journal of International Economics, Elsevier (1982) View citations (14) (1982)
32. The information content of the interest rate and optimal monetary policy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
    See also Journal Article The Information Content of the Interest Rate and Optimal Monetary Policy, The Quarterly Journal of Economics, President and Fellows of Harvard College (1983) View citations (45) (1983)

1980

33. Stability in financial and labor markets: is there a tradeoff?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
34. Wealth effects in the new neoclassical models
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

1979

35. Rational destabilizing speculation and exchange intervention policy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    See also Journal Article Rational destabilizing speculation and exchange intervention policy, Journal of Macroeconomics, Elsevier (1983) (1983)

Journal Articles

2021

1. Did the Unconventional Monetary Policy of the U.S. Hurt Emerging Markets?
   Open Economies Review, 2021, 32, (2), 231-257 View citations (1)

2018

2. The forward fiscal guidance puzzle and a resolution
   Journal of Economic Dynamics and Control, 2018, 89, (C), 26-46 View citations (7)

2017

3. Should the Federal Reserve Pay Competitive Interest on Reserves?
   Journal of Money, Credit and Banking, 2017, 49, (4), 663-693 View citations (9)

2016

4. Fiscal Multipliers in Recessions
   Economic Journal, 2016, 126, (590), 75-108 View citations (98)
   See also Working Paper Fiscal Multipliers in Recessions, CEPR Discussion Papers (2015) View citations (18) (2015)
5. Optimal money and debt management: Liquidity provision vs tax smoothing
   Journal of Monetary Economics, 2016, 83, (C), 39-53 View citations (13)

2015

6. Monetary Policy and the Natural Rate of Interest
   Journal of Money, Credit and Banking, 2015, 47, (2-3), 383-414 View citations (8)
   See also Chapter Monetary policy and the natural rate of interest, BIS Papers chapters, 2012, 65, 119-134 (2012) View citations (1) (2012)

2014

7. Optimal Exchange Intervention in an Inflation Targeting Regime: Some Cautionary Tales
   Open Economies Review, 2014, 25, (3), 429-450 View citations (6)

2013

8. Addressing International Empirical Puzzles: the Liquidity of Bonds
   Open Economies Review, 2013, 24, (2), 197-215 View citations (8)
9. Key currency status: An exorbitant privilege and an extraordinary risk
   Journal of International Money and Finance, 2013, 37, (C), 371-393 View citations (16)

2012

10. Withering Government Spending Multipliers
    Journal of Money, Credit and Banking, 2012, 44, (s2), 185-210
    Also in Journal of Money, Credit and Banking, 2012, 44, 185-210 (2012) View citations (6)

2011

11. The role of liquid government bonds in the great transformation of American monetary policy
    Journal of Economic Dynamics and Control, 2011, 35, (3), 282-294 View citations (18)

2008

12. Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework
    Journal of Money, Credit and Banking, 2008, 40, (8), 1667-1698 View citations (67)
    Also in Journal of Money, Credit and Banking, 2008, 40, (8), 1667-1698 (2008) View citations (12)
    See also Working Paper Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework, CEPR Discussion Papers (2008) View citations (65) (2008)

2007

13. COORDINATION OF MONETARY AND FISCAL POLICY IN A MONETARY UNION: POLICY ISSUES AND ANALYTICAL MODELS
    Manchester School, 2007, 75, (s1), 21-43 View citations (1)
14. Euler equations and money market interest rates: A challenge for monetary policy models
    Journal of Monetary Economics, 2007, 54, (7), 1863-1881 View citations (92)
15. The Cost of Nominal Rigidity in NNS Models
    Journal of Money, Credit and Banking, 2007, 39, (7), 1563-1586 View citations (32)
    Also in Journal of Money, Credit and Banking, 2007, 39, (7), 1563-1586 (2007) View citations (3)

2006

16. New Keynesian Explanations of Cyclical Movements in Aggregate Inflation and Regional Inflation Differentials
    Open Economies Review, 2006, 17, (1), 27-55 View citations (17)

2005

17. Interest rate rules and price determinacy: The role of transactions services of bonds
    Journal of Monetary Economics, 2005, 52, (2), 329-343 View citations (61)
18. Price- and wage- inflation targeting: variations on a theme by Erceg, Henderson, and Levin
    Proceedings, 2005, 181-215 View citations (23)
19. The need for international policy coordination: what's old, what's new, what's yet to come?
    Journal of International Economics, 2005, 66, (2), 363-384 View citations (93)
    See also Working Paper The Need for International Policy Coordination: What's Old, What's New, What's Yet to Come?, NBER Working Papers (2002) View citations (49) (2002)

2004

20. How Do Monetary and Fiscal Policy Interact in the European Monetary Union? [with Comments]
    NBER International Seminar on Macroeconomics, 2004, 2004, (1), 241 - 325 View citations (1)

2002

21. Productivity Trends in Europe: Implications for Real Exchange Rates, Real Interest Rates, and Inflation
    Review of International Economics, 2002, 10, (3), 497-516 View citations (33)
22. Should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
    Proceedings - Economic Policy Symposium - Jackson Hole, 2002, 333-389 View citations (84)

2001

23. Fiscal Discipline and Exchange Rate Systems
    Economic Journal, 2001, 111, (474), 667-90 View citations (35)
24. Is the Price Level Determined by the Needs of Fiscal Solvency?
    American Economic Review, 2001, 91, (5), 1221-1238 View citations (276)
    See also Working Paper Is the Price Level Determined by the Needs of Fiscal Solvency?, NBER Working Papers (1998) View citations (37) (1998)

1999

25. Relative labor productivity and the real exchange rate in the long run: evidence for a panel of OECD countries
    Journal of International Economics, 1999, 47, (2), 245-266 View citations (310)
    See also Working Paper Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries, NBER Working Papers (1996) View citations (78) (1996)
26. The Stability and Growth Pact: A Delicate Balance or an Albatross?
    Empirica, 1999, 26, (3), 241-258 View citations (16)

1998

27. Real interest rates and central bank operating procedures
    Journal of Monetary Economics, 1998, 42, (3), 471-494 View citations (16)
    See also Working Paper Real Interest Rates and Central Bank Operating Procedures, CEPR Discussion Papers (1995) View citations (3) (1995)

1997

28. Mechanisms for Achieving Monetary Stability: Inflation Targeting versus the ERM
    Journal of Money, Credit and Banking, 1997, 29, (1), 46-60 View citations (20)
    See also Working Paper Mechanisms for Achieving Monetary Stability: Inflation Targeting Versus the ERM, CEPR Discussion Papers (1996) View citations (7) (1996)

1993

29. Central bank independence, growth, investment, and real rates: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 39, (1), 141-145 View citations (1)
30. Currency substitution and exchange rate volatility in the European Community
    Journal of International Economics, 1993, 35, (3-4), 351-365 View citations (7)

1992

31. The inflation discipline of currency substitution
    European Economic Review, 1992, 36, (4), 827-845 View citations (26)

1991

32. Fiscal deficits, financial integration, and a central bank for Europe
    Journal of the Japanese and International Economies, 1991, 5, (4), 381-403 View citations (37)

1990

33. A new interpretation of the coordination problem and its empirical significance
    Proceedings, 1990, 399-435 View citations (5)
    See also Working Paper A new interpretation of the coordination problem and its empirical significance, International Finance Discussion Papers (1989) View citations (1) (1989)
34. Is the European Community an Optimal Currency Area? Optimal Taxation versus the Cost of Multiple Currencies
    American Economic Review, 1990, 80, (3), 419-33 View citations (52)
35. The Macroeconomic Implications of Contract Models with Asymmetric Information
    Journal of Money, Credit and Banking, 1990, 22, (3), 273-87

1989

36. Adverse incentives in the taxation of foreigners
    Journal of International Economics, 1989, 27, (3-4), 283-297 View citations (10)

1988

37. Is sovereign policymaking bad?
    Carnegie-Rochester Conference Series on Public Policy, 1988, 28, (1), 93-140 View citations (38)

1986

38. Comments on Frankel
    Journal of International Money and Finance, 1986, 5, (1, Supplement), S77-S78
39. International economic policy coordination: Willem H. Butler and Richard C. Marston, eds, (Cambridge University Press for the Centre for Economic Policy Research and the National Bureau of Economic Research, Cambridge and New York, 1985) pp xvi+386, $44.50
    Journal of International Economics, 1986, 21, (1-2), 196-198
40. Noncooperative monetary policies in interdependent economies: time consistency and reputation
    Proceedings, 1986 View citations (2)

1985

41. Monetary Policy Games and the Consequences of Non-cooperative Behavior
    International Economic Review, 1985, 26, (3), 547-64 View citations (97)
42. Monetary Policy Games and the Role of Private Information
    American Economic Review, 1985, 75, (5), 1056-70 View citations (246)
    See also Working Paper Monetary policy games and the role of private information, International Finance Discussion Papers (1983) (1983)

1983

43. Rational destabilizing speculation and exchange intervention policy
    Journal of Macroeconomics, 1983, 5, (1), 75-90
    See also Working Paper Rational destabilizing speculation and exchange intervention policy, International Finance Discussion Papers (1979) View citations (1) (1979)
44. The Information Content of the Interest Rate and Optimal Monetary Policy
    The Quarterly Journal of Economics, 1983, 98, (4), 545-566 View citations (45)
    See also Working Paper The information content of the interest rate and optimal monetary policy, International Finance Discussion Papers (1981) View citations (5) (1981)

1982

45. Exchange intervention policy in a multiple country world
    Journal of International Economics, 1982, 13, (3-4), 267-289 View citations (14)
    See also Working Paper Exchange intervention policy in a multiple country world, International Finance Discussion Papers (1981) View citations (2) (1981)

1980

46. Labor contracts and monetary policy
    Journal of Monetary Economics, 1980, 6, (2), 241-255 View citations (32)

1979

47. Monetary policy and the choice of a monetary instrument in a stochastic setting
    Journal of Macroeconomics, 1979, 1, (2), 209-221 View citations (1)
48. Reduced Forms of Rational Expectations Models*
    The Quarterly Journal of Economics, 1979, 93, (1), 59-71 View citations (10)
49. Sufficient Conditions for Control of Target Variables and Assignment of Instruments in Dynamic Macroeconomic Models
    International Economic Review, 1979, 20, (3), 605-16 View citations (3)
50. The consistent application of boundary conditions in rational expectations models
    Economics Letters, 1979, 4, (1), 19-22

1978

51. The Returns to Labor and the Cyclical Behavior of Real Wages: The Canadian Case
    The Review of Economics and Statistics, 1978, 60, (1), 19-24 View citations (5)

1977

52. The Intermediate Control Problem: A Note
    Journal of Money, Credit and Banking, 1977, 9, (2), 368-71 View citations (2)

Books

1991

1. Monetary Policy in Interdependent Economies: A Game-Theoretic Approach, vol 1
   MIT Press Books, The MIT Press View citations (155)

Edited books

2010

1. The New Transatlantic Economy
   Cambridge Books, Cambridge University Press View citations (2)

2008

2. Establishing a Central Bank
   Cambridge Books, Cambridge University Press View citations (1)

1996

3. The New Transatlantic Economy
   Cambridge Books, Cambridge University Press View citations (134)

1992

4. Establishing a Central Bank
   Cambridge Books, Cambridge University Press View citations (300)

Chapters

2012

1. Monetary policy and the natural rate of interest
   A chapter in Threat of fiscal dominance?, 2012, vol. 65, pp 119-134 View citations (1)
   See also Journal Article Monetary Policy and the Natural Rate of Interest, Blackwell Publishing (2015) View citations (8) (2015)

2010

2. The Interaction Between Monetary and Fiscal Policy
   Chapter 17 in Handbook of Monetary Economics, 2010, vol. 3, pp 935-999 View citations (38)

2006

3. How Do Monetary and Fiscal Policy Interact in the European Monetary Union?
   A chapter in NBER International Seminar on Macroeconomics 2004, 2006, pp 241-326 View citations (9)
   See also Working Paper How Do Monetary and Fiscal Policy Interact in the European Monetary Union?, National Bureau of Economic Research, Inc (2005) View citations (18) (2005)

2001

4. The SGP: Delicate Balance or Albatross?
   Palgrave Macmillan View citations (13)