Details about Giancarlo Corsetti

E-mail:
Homepage:	http://sites.google.com/site/giancarlocorsetti/
Phone:	+44(0)1223525411
Postal address:	Faculty of Economics, Cambridge University Sidgwick Avenue Cambridge CB3 9DD United Kingdom
Workplace:	Faculty of Economics, University of Cambridge, (more information at EDIRC) Dipartimento di Economia (Department of Economics), Università degli Studi di Roma 3 (University of Rome 3), (more information at EDIRC)

Access statistics for papers by Giancarlo Corsetti.

Last updated 2012-09-24. Update your information in the RePEc Author Service.

Short-id: pco185

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Working Papers

2013

1. Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy
   Also in Economics Working Papers, European University Institute (2011)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (10)

2012

2. Multilateral economic cooperation and the international transmission of fiscal policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011)
   See also Chapter (2012)
3. Sovereign Risk, Fiscal Policy, and Macroeconomic Stability
   IMF Working Papers, International Monetary Fund
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (1)
4. The international risk-sharing puzzle is at business-cycle and lower frequency
   Banco de España Working Papers, Banco de España
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (2)
   Economics Working Papers, European University Institute (2011) View citations (3)
   See also Journal Article in Canadian Journal of Economics (2012)
5. What Determines Government Spending Multipliers?
   IMF Working Papers, International Monetary Fund View citations (4)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (16)

2011

6. Floats, Pegs and the Transmission of Fiscal Policy
   Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011)
   Working Papers, Federal Reserve Bank of Philadelphia (2011)
   See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2011)
7. Life in the Eurozone With or Without Sovereign Default?
   Open Access publications from European University Institute, European University Institute View citations (1)
8. Soverign risk and the effects of fiscal retrenchment in deep recessions
   Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
9. Traded and Nontraded Goods Prices, and International Risk Sharing: an Empirical Investigation
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011)
   See also Chapter (2011)

2010

10. Debt Consolidation and Fiscal Stabilization of Deep Recessions
    Economics Working Papers, European University Institute View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (12)
    See also Journal Article in American Economic Review (2010)
11. Optimal monetary policy in open economies
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (2)
    Economics Working Papers, European University Institute (2010) View citations (8)
    See also Chapter (2010)

2009

12. Cross-border spillovers from fiscal stimulus
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    See also Journal Article in International Journal of Central Banking (2010)
13. Fiscal Stimulus with Spending Reversals
    IMF Working Papers, International Monetary Fund View citations (22)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (44)
14. Should Monetary Policy React to Current Account Imbalances?
    2009 Meeting Papers, Society for Economic Dynamics
15. The international dimension of productivity and demand shocks in the U.S. economy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (5)
16. What Drives US Foreign Borrowing? Evidence on External Adjustment to Transitory and Permanent Shocks
    Discussion Paper Series, Department of Economics, University of Macedonia View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (1)

2008

17. A Modern Reconsideration of the Theory of Optimal Currency Areas
    European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (9)
    Economics Working Papers, European University Institute (2008) View citations (9)
18. Varieties and imbalances: the extensive margins of the current account adjustment
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)
19. Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
    RSCAS Working Papers, European University Institute
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (6)

2007

20. International Dimensions of Fiscal Policy Transmission
    2007 Meeting Papers, Society for Economic Dynamics View citations (2)
21. New Open Economy Macroeconomics
    RSCAS Working Papers, European University Institute View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (5)
22. Optimal Monetary Policy and the Sources of Local-Currency Price Stability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in RSCAS Working Papers, European University Institute (2007)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (5)
    See also Chapter (2007)
23. Productivity and the dollar
    Working Paper Series, Federal Reserve Bank of San Francisco
24. Twin Deficits, Openness and the Business Cycle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Economics Working Papers, European University Institute (2007) View citations (4)
    See also Journal Article in Journal of the European Economic Association (2008)

2006

25. Openness and the Case for Flexible Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    Also in Economics Working Papers, European University Institute (2005) View citations (1)
    See also Journal Article in Research in Economics (2006)
26. Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in Economics Working Papers, European University Institute (2006) View citations (23)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (16)
    See also Chapter (2008)

2005

27. Current Account Theory and the Dynamics of US Net Foreign Liabilities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
28. DSGE Models of High Exchange-Rate Volatility and Low Pass-Through
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    Also in Economics Working Papers, European University Institute (2005) View citations (13)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (7)
29. International risk-sharing and the transmission of productivity shocks
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (23)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2003) View citations (18)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (73)
    Working Paper Series, European Central Bank (2004) View citations (55)
    Economics Working Papers, European University Institute (2003) View citations (13)
30. Pass-Through and Exchange-Rate Fluctuations in a DSGE Model of Price
    2005 Meeting Papers, Society for Economic Dynamics View citations (8)
31. Productivity Spillovers, Terms of Trade and the "Home Market Effect"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Staff Reports, Federal Reserve Bank of New York (2005) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (11)
32. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in Staff Reports, Federal Reserve Bank of New York (2005) View citations (12)
    Economics Working Papers, European University Institute (2005) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (15)
    See also Chapter (2009)
33. Towards a Theory of Firm Entry and Stabilization Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Economics Working Papers, European University Institute (2005) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (5)
34. Twin Deficits: Squaring Theory, Evidence and Common Sense
    Economics Working Papers, European University Institute View citations (3)
    See also Journal Article in Economic Policy (2006)

2004

35. Exchange-rate fluctuations and pass-through
    2004 Meeting Papers, Society for Economic Dynamics View citations (1)
36. International Lending of Last Resort and Moral Hazard: A Model of the IMF's Catalytic Finance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
37. The Home Market Effect and the International Transmission Mechanism
    2004 Meeting Papers, Society for Economic Dynamics

2003

38. International Lending of Last Resort and Moral Hazard: A Model of IMF's Catalytic Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article in Journal of Monetary Economics (2006)
39. Macroeconomics of International Price Discrimination
    Economics Working Papers, European University Institute View citations (18)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2002) View citations (52)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (36)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (57)

2002

40. From the ERM to the Euro: new evidence on economic and policy convergence among EU countries
    Working Paper Series, European Central Bank View citations (26)
41. International Dimensions of Optimal Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in Staff Reports, Federal Reserve Bank of New York (2001) View citations (88)
    NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (119)
    See also Journal Article in Journal of Monetary Economics (2005)
42. Self-Validating Optimum Currency Areas
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (56)
    Staff Reports, Federal Reserve Bank of New York (2002) View citations (52)
43. Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    See also Journal Article in Journal of International Money and Finance (2005)

2001

44. Correlation Analysis of Financial Contagion: What One Should Know Before Running a Test
    Working Papers, Economic Growth Center, Yale University View citations (19)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2001) View citations (24)
45. Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders
    FMG Discussion Papers, Financial Markets Group View citations (7)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (4)
    See also Journal Article in Review of Economic Studies (2004)
46. Nominal Debt and the Dynamics of Currency Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Papers, Yale - Economic Growth Center (2000) View citations (12)
    Working Papers, Economic Growth Center, Yale University (2000) View citations (3)
47. The Role of Large Players in Currency Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Chapter (2002)

1999

48. Competitive Devaluations: A Welfare-Based Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Staff Reports, Federal Reserve Bank of New York (1999) View citations (20)

1998

49. Interpreting the ERM Crisis: Country-Specific and Systemic Issues
    Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (15)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (1997) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (16)
50. Paper Tigers? A Model of the Asian Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (84)
    Also in Research Paper, Federal Reserve Bank of New York (1998) View citations (35)
    See also Journal Article in European Economic Review (1999)
51. What Caused the Asian Currency and Financial Crisis?
    Working Papers, Banca Italia - Servizio di Studi View citations (163)
    See also Journal Article in Japan and the World Economy (1999)
52. What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
53. What Caused the Asian Currency and Financial Crisis? Part II: The Policy Debate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)

1997

54. Welfare and Macroeconomic Interdependence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
    See also Journal Article in The Quarterly Journal of Economics (2001)

1996

55. Optimal Government Spending and Taxation in Endgenous Growth Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
56. Policy Making and Speculative Attacks in Models of Exchange Rate Crises: A Synthesis
    Working Papers, Yale - Economic Growth Center View citations (6)

1995

57. A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (1995) View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (12)
58. Pension reform and growth
    Policy Research Working Paper Series, The World Bank View citations (34)
59. Politically Motivated Fiscal Deficits: Policy Issues in Closed and Open Economies
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    See also Journal Article in Economics and Politics (1997)

1992

60. A Portfolio Approach to Endogenous Growth Eaton's Model Revisited
    Working Papers, Yale - Economic Growth Center View citations (2)
61. Excessive Deficits: Sense and Nonsence in the Treaty of Maastricht
    Working Papers, Yale - Economic Growth Center View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations (73)
62. Tax Smoothing Discretion Versus Balanced Budget Rules in the Presence of Politically Motivated Fiscal Deficits: The Design of Optimal Fiscal Rules for Europe after 1992
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
63. Taxation and Risk-Taking Once Again. (With and Without Tax Revenue Disposal)
    Working Papers, Yale - Economic Growth Center

1991

64. Fiscal Deficits, Public Debt and Government Solvency: Evidence from OECD Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article in Journal of the Japanese and International Economies (1991)
65. Household saving in developing countries: first cross-country evidence
    Policy Research Working Paper Series, The World Bank View citations (9)
    See also Journal Article in World Bank Economic Review (1992)

1990

66. Exchange Rate Volatility in Integrating Capital Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
67. TESTING FOR SOLVENCY OF PUBLIC SECTOR: AN APPLICATION TO ITALY
    Working Papers, Yale - Economic Growth Center View citations (3)

Journal Articles

2012

1. Authors: The Members of the European Economic Advisory Group at CESifo
   EEAG Report on the European Economy, 2012, 151-154
   Also in EEAG Report on the European Economy, 2011, 171-174 (2011)
2. Chapter 1: Macroeconomic Outlook
   EEAG Report on the European Economy, 2012, 17-56
3. Chapter 2: The European Balance-of-Payments Problem
   EEAG Report on the European Economy, 2012, 57-82
4. Chapter 3: Banking Regulation
   EEAG Report on the European Economy, 2012, 83-98
5. Chapter 4: The Swedish Model
   EEAG Report on the European Economy, 2012, 99-114
6. Chapter 5: The Hungarian Crisis
   EEAG Report on the European Economy, 2012, 115-130
7. Chapter 6: Pricing Climate Change
   EEAG Report on the European Economy, 2012, 131-145
8. Recommendations for Europe
   EEAG Report on the European Economy, 2012, 06-08
9. Summary
   EEAG Report on the European Economy, 2012, 08-16
   Also in EEAG Report on the European Economy, 2008, 3-11 (2008)
   EEAG Report on the European Economy, 2009, 3-10 (2009)
   EEAG Report on the European Economy, 2010, 3-10 (2010)
   EEAG Report on the European Economy, 2007, 3-14 (2007)
   EEAG Report on the European Economy, 2005, 3-8 (2005)
   EEAG Report on the European Economy, 2011, 9-16 (2011)
10. The international risk sharing puzzle is at business cycle and lower frequency
    Canadian Journal of Economics, 2012, 45, (2), 448-471
    See also Working Paper (2012)
11. What Drives US Foreign Borrowing? Evidence on the External Adjustment to Transitory and Permanent Shocks
    American Economic Review, 2012, 102, (2), 1062-92

2011

12. Chapter 1: The Macroeconomic Outlook
    EEAG Report on the European Economy, 2011, 17-69
13. Chapter 2: A New Crisis Mechanism for the Euro Area
    EEAG Report on the European Economy, 2011, 71-96
14. Chapter 3: Greece
    EEAG Report on the European Economy, 2011, 97-125
15. Chapter 4: Spain
    EEAG Report on the European Economy, 2011, 127-145
16. Chapter 5: Taxation and Regulation of the Financial Sector
    EEAG Report on the European Economy, 2011, 147-169
17. Floats, Pegs and the Transmission of Fiscal Policy
    Journal Economía Chilena (The Chilean Economy), 2011, 14, (2), 5-38
    See also Working Paper (2011)
18. Foreword
    EEAG Report on the European Economy, 2011, 2
    Also in EEAG Report on the European Economy, 2006, 2 (2006)
    EEAG Report on the European Economy, 2008, 2 (2008)
    EEAG Report on the European Economy, 2010, 2 (2010)
    EEAG Report on the European Economy, 2007, 2 (2007)
    EEAG Report on the European Economy, 2005, 2 (2005)
    EEAG Report on the European Economy, 2004, 02 (2004)
    EEAG Report on the European Economy, 2009, 2 (2009)

2010

19. Authors: The members of the European Economic Advisory Group at CESifo 2010
    EEAG Report on the European Economy, 2010, 129-132
20. Chapter 1: The European Economy: Macroeconomic outlook
    EEAG Report on the European Economy, 2010, 11-51
21. Chapter 2: A trust-driven financial crisis
    EEAG Report on the European Economy, 2010, 53-70
22. Chapter 3: From Fiscal Rescue to Global Debt
    EEAG Report on the European Economy, 2010, 71-100
23. Chapter 4: US adjustment needs
    EEAG Report on the European Economy, 2010, 101-110
24. Chapter 5: Implications of the crisis for the euro area
    EEAG Report on the European Economy, 2010, 11-127
25. Cross-Border Spillovers from Fiscal Stimulus
    International Journal of Central Banking, 2010, 6, (1), 5-37 View citations (2)
    See also Working Paper (2009)
26. Debt Consolidation and Fiscal Stabilization of Deep Recessions
    American Economic Review, 2010, 100, (2), 41-45 View citations (23)
    See also Working Paper (2010)

2009

27. Authors: The members of the European Economic Advisory Group at CESifo 2009
    EEAG Report on the European Economy, 2009, 165-168
28. Chapter 1: The European Economy: Macroeconomic Outlook and Policy
    EEAG Report on the European Economy, 2009, 11-57
    Also in EEAG Report on the European Economy, 2008, 13-60 (2008)
    EEAG Report on the European Economy, 2007, 15-58 (2007)
    EEAG Report on the European Economy, 2006, 12-49 (2006)
29. Chapter 2: The Financial Crisis
    EEAG Report on the European Economy, 2009, 59-122
30. Chapter 3: Private Equity
    EEAG Report on the European Economy, 2009, 123-140
31. Chapter 4: France
    EEAG Report on the European Economy, 2009, 141-164
32. Revised forecasting tables (25 February 2009) of Chapter 1: The European Economy: Macroeconomic Outlook and Policy
    EEAG Report on the European Economy, 2009, 1-2

2008

33. Authors: The Members of the European Economic Advisory Group at CESifo 2008
    EEAG Report on the European Economy, 2008, 141-144
34. Chapter 2: How much real dollar depreciation is needed to correct global imbalances?
    EEAG Report on the European Economy, 2008, 61-70
35. Chapter 3: The effect of globalisation on Western European jobs: curse or blessing?
    EEAG Report on the European Economy, 2008, 71-104
36. Chapter 4: Industrial policy
    EEAG Report on the European Economy, 2008, 105-124
37. Chapter 5: Global warming: The neglected supply side
    EEAG Report on the European Economy, 2008, 125-139
38. High exchange-rate volatility and low pass-through
    Journal of Monetary Economics, 2008, 55, (6), 1113-1128 View citations (38)
39. The extensive margin and monetary policy
    Journal of Monetary Economics, 2008, 55, (7), 1222-1237 View citations (21)
40. Twin Deficits, Openness, and the Business Cycle
    Journal of the European Economic Association, 2008, 6, (2-3), 404-413 View citations (10)
    See also Working Paper (2007)

2007

41. Authors: The Members of the European Economic Advisory Group at CESifo 2007
    EEAG Report on the European Economy, 2007, 148-151
42. Chapter 2: Macroeonomic adjustment in the euro area – the cases of Ireland and Italy
    EEAG Report on the European Economy, 2007, 59-72
43. Chapter 3: The new EU members
    EEAG Report on the European Economy, 2007, 73-81
44. Chapter 4: Scandinavia today: An economic miracle?
    EEAG Report on the European Economy, 2007, 82-120
45. Chapter 5: Tax competition
    EEAG Report on the European Economy, 2007, 121-132
46. Chapter 6: Economic nationalism
    EEAG Report on the European Economy, 2007, 133-147
47. Productivity, terms of trade and the `home market effect'
    Journal of International Economics, 2007, 73, (1), 99-127 View citations (20)

2006

48. Authors: The Members of the European Economic Advisory Group at CESifo 2006
    EEAG Report on the European Economy, 2006, 117-120
49. Chapter 2: Global Imbalances
    EEAG Report on the European Economy, 2006, 50-67
50. Chapter 3: Economic Growth in the European Union
    EEAG Report on the European Economy, 2006, 68-88
51. Chapter 4: Prospects for Education Policy in Europe
    EEAG Report on the European Economy, 2006, 89-100
52. Chapter 5: Mergers and Competition Policy in Europe
    EEAG Report on the European Economy, 2006, 101-116
53. Executive Summary
    EEAG Report on the European Economy, 2006, 3-11
    Also in EEAG Report on the European Economy, 2004, 03-13 (2004)
54. Fiscal imbalances and the dynamics of currency crises
    European Economic Review, 2006, 50, (5), 1317-1338 View citations (9)
55. International lending of last resort and moral hazard: A model of IMF's catalytic finance
    Journal of Monetary Economics, 2006, 53, (3), 441-471 View citations (31)
    See also Working Paper (2003)
56. Openness and the case for flexible exchange rates
    Research in Economics, 2006, 60, (1), 1-21 View citations (12)
    See also Working Paper (2006)
57. Twin deficits: squaring theory, evidence and common sense
    Economic Policy, 2006, 21, (48), 597-638 View citations (32)
    See also Working Paper (2005)

2005

58. 'Some contagion, some interdependence': More pitfalls in tests of financial contagion
    Journal of International Money and Finance, 2005, 24, (8), 1177-1199 View citations (73)
    See also Working Paper (2002)
59. A macroeconomic model of international price discrimination
    Journal of International Economics, 2005, 67, (1), 129-155 View citations (73)
60. Chapter 1: The European Economy: Current Situation and Economic Outlook for 2005
    EEAG Report on the European Economy, 2005, 9-38
61. Chapter 2: Outsourcing
    EEAG Report on the European Economy, 2005, 39-50
62. Chapter 3: Longer Working Hours - the Beginning of a new Trend?
    EEAG Report on the European Economy, 2005, 51-68
63. Chapter 4: Pensions and Children
    EEAG Report on the European Economy, 2005, 69-101
64. Chapter 5: House Prices in Europe
    EEAG Report on the European Economy, 2005, 102-112
65. International dimensions of optimal monetary policy
    Journal of Monetary Economics, 2005, 52, (2), 281-305 View citations (128)
    See also Working Paper (2002)
66. The Members of the European Economic Advisory Group at CESifo 2005
    EEAG Report on the European Economy, 2005, 113-116 View citations (1)

2004

67. Acceding Countries: The Road to the Euro
    EEAG Report on the European Economy, 2004, 119-136
68. Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders
    Review of Economic Studies, 2004, 71, (1), 87-113 View citations (52)
    See also Working Paper (2001)
69. Labour Market Reform in Europe
    EEAG Report on the European Economy, 2004, 49-60
70. Pay-setting Systems in Europe: On-going Development and Possible Reforms
    EEAG Report on the European Economy, 2004, 61-83 View citations (2)
71. The 2004 Enlargement: Key Economic Issues
    EEAG Report on the European Economy, 2004, 96-118
72. The Economics of Discrimination: Equity, Equality and Diversity in the New European Constitution
    EEAG Report on the European Economy, 2004, 84-95
73. The European Economy: Current Situation and Economic Outlook
    EEAG Report on the European Economy, 2004, 14-48
    Also in EEAG Report on the European Economy, 2002, 6-26 (2002)
    EEAG Report on the European Economy, 2003, 13-45 (2003)
    CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 6-26 (2002)
74. The Members of the European Advisory Group at CESifo 2004
    EEAG Report on the European Economy, 2004, 137-142

2003

75. Financial Architecture
    EEAG Report on the European Economy, 2003, 98-117 View citations (2)
76. Fiscal Policy and Macroeconomic Stabilisation in the Euro Area: Possible Reforms of the Stability and Growth Pact and National Decision-Making-Processes
    EEAG Report on the European Economy, 2003, 46-75
77. How to Reform Europe’s Fiscal Policy Framework
    World Economics, 2003, 4, (1), 109-116 View citations (1)
78. Introduction: Foreword, Executive Summary
    EEAG Report on the European Economy, 2003, 2-12
79. Rethinking Subsidiarity in the EU: Economic Principles
    EEAG Report on the European Economy, 2003, 76-97 View citations (1)
80. Should We Worry about the Brain Drain?
    EEAG Report on the European Economy, 2003, 118-130 View citations (1)
81. The Members of the European Economic Advisory Group at CESifo 2003
    EEAG Report on the European Economy, 2003, 131-136

2002

82. Book review: Comparing Financial Systems, by Franklin Allen and Douglas Gale, Cambridge and London: MIT Press, 2000
    Journal of International Economics, 2002, 58, (1), 233-237
83. CAP Reform
    CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 87-91
    Also in EEAG Report on the European Economy, 2002, 87-91 (2002)
84. Fiscal and Monetary Policy
    EEAG Report on the European Economy, 2002, 42-47 View citations (1)
    Also in CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 42-47 (2002) View citations (1)
85. Growth and Productivity
    EEAG Report on the European Economy, 2002, 57-70 View citations (1)
    Also in CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 57-70 (2002) View citations (1)
86. Introduction; Executive Summary
    EEAG Report on the European Economy, 2002, 2-5
    Also in CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 2-5 (2002)
87. More Aid—Making It Work for the Poor
    World Economics, 2002, 3, (4), 131-146 View citations (14)
88. Prices, Wages and Inflation after the Euro - What Europeans Shoud or Should not Expect
    CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 48-56
    Also in EEAG Report on the European Economy, 2002, 48-56 (2002)
89. The Members of the European Economic Advisory Group at CESifo 2002
    CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 92-95
    Also in EEAG Report on the European Economy, 2002, 92-95 (2002)
90. The Weakness of the Euro: Is it Really a Mystery?
    CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 27-42
    Also in EEAG Report on the European Economy, 2002, 27-42 (2002)
91. Welfare to Work
    EEAG Report on the European Economy, 2002, 71-86 View citations (7)
    Also in CESifo Forum, 2002, 2002, (CESIFOFORUMSPECIAL), 71-86 (2002)

2001

92. Welfare And Macroeconomic Interdependence
    The Quarterly Journal of Economics, 2001, 116, (2), 421-445 View citations (283)
    See also Working Paper (1997)

2000

93. Competitive devaluations: toward a welfare-based approach
    Journal of International Economics, 2000, 51, (1), 217-241 View citations (35)
94. Shadow rates and multiple equilibria in the theory of currency crises
    Journal of International Economics, 2000, 51, (2), 275-286 View citations (8)

1999

95. Paper tigers?: A model of the Asian crisis
    European Economic Review, 1999, 43, (7), 1211-1236 View citations (100)
    See also Working Paper (1998)
96. Stability, Asymmetry, and Discontinuity: The Launch of European Monetary Union
    Brookings Papers on Economic Activity, 1999, 30, (2), 295-372 View citations (27)
97. What caused the Asian currency and financial crisis?
    Japan and the World Economy, 1999, 11, (3), 305-373 View citations (207)
    See also Working Paper (1998)

1997

98. A portfolio approach to endogenous growth: equilibrium and optimal policy
    Journal of Economic Dynamics and Control, 1997, 21, (10), 1627-1644 View citations (40)
99. Politically Motivated Fiscal Deficits: Policy Issues in Closed and Open Economies
    Economics and Politics, 1997, 9, (1), 27-54 View citations (12)
    See also Working Paper (1995)
100. Yield-curve movements and fiscal retrenchments
     European Economic Review, 1997, 41, (9), 1675-1685 View citations (5)

1996

101. Budget deficits, public sector solvency and political biases in fiscal policy: a case study of Finland
     Finnish Economic Papers, 1996, 9, (1), 18-36 View citations (6)
102. European versus American Perspectives on Balanced-Budget Rules
     American Economic Review, 1996, 86, (2), 408-13 View citations (12)

1992

103. Household Saving in Developing Countries: First Cross-Country Evidence
     World Bank Economic Review, 1992, 6, (3), 529-47 View citations (28)
     See also Working Paper (1991)

1991

104. Fiscal deficits, public debt, and government solvency: Evidence from OECD countries
     Journal of the Japanese and International Economies, 1991, 5, (4), 354-380 View citations (19)
     See also Working Paper (1991)

Books

2001

1. Financial Markets and European Monetary Cooperation
   Cambridge Books, Cambridge University Press

Chapters

2012

1. Multilateral Economic Cooperation and the International Transmission of Fiscal Policy
   A chapter in Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century, 2012
   See also Working Paper (2012)

2011

2. Traded and Nontraded Goods Prices, and International Risk Sharing: An Empirical Investigation
   A chapter in NBER International Seminar on Macroeconomics 2011, 2011, pp 403-466
   See also Working Paper (2011)

2010

3. Optimal Monetary Policy in Open Economies
   Chapter 16 in Handbook of Monetary Economics, 2010, vol. 3, pp 861-933 View citations (2)
   See also Working Paper (2010)

2009

4. Comment on "On the Welfare Implications of Financial Globalization without Financial Development"
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 313-318 View citations (1)
5. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 65-116 View citations (1)
   See also Working Paper (2005)

2008

6. Productivity, External Balance, and Exchange Rates: Evidence on the Transmission Mechanism among G7 Countries
   A chapter in NBER International Seminar on Macroeconomics 2006, 2008, pp 117-194 View citations (3)
   See also Working Paper (2006)

2007

7. Optimal Monetary Policy and the Sources of Local-Currency Price Stability
   A chapter in International Dimensions of Monetary Policy, 2007, pp 319-367 View citations (6)
   See also Working Paper (2007)

2002

8. The Role of Large Players in Currency Crises
   A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 197-268 View citations (5)
   See also Working Paper (2001)

2001

9. Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances
   A chapter in Regional and Global Capital Flows: Macroeconomics Causes and Consequences, NBER-EASE Volume 10, 2001, pp 11-46 View citations (8)