Details about Francesco Giavazzi

E-mail:
Phone:	+39-02-58363304
Postal address:	IGIER, Università Bocconi Milan, Italy, 20136
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) Dipartimento di Economia "Ettore Bocconi" (Ettore Bocconi Department of Economics), Università Commerciale Luigi Bocconi (Bocconi University), (more information at EDIRC) Innocenzo Gasparini Institute for Economic Research (IGIER), Università Commerciale Luigi Bocconi (Bocconi University), (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Francesco Giavazzi.

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Short-id: pgi18

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Working Papers

2012

1. Attitudes, Policies and Work
   Boston College Working Papers in Economics, Boston College Department of Economics View citations (3)

2010

2. Central Banks and the Financial System
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010)
3. Reconciling VAR-based and Narrative Measures of the Tax-Multiplier
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (4)
4. Why the current account may matter in a monetary union: Lessons from the financial crisis in the Euro area
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

2009

5. College cost and time to complete a degree: Evidence from tuition discontinuities
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (18)
   NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (12)
   Carlo Alberto Notebooks, Collegio Carlo Alberto (2007) View citations (9)
6. Culture, Policies and Labor Market Outcomes
   IZA Discussion Papers, Institute for the Study of Labor (IZA) View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (2)
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2009) View citations (2)
   NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (4)
7. How Large Are the Effects of Tax Changes?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
   Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2009) View citations (4)
   NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (4)
8. Policy Uncertainty and Precautionary Savings
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
   Also in CEP Discussion Papers, Centre for Economic Performance, LSE (2008) View citations (5)
   NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (1)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (1)

2008

9. Should the Euro Area be Run as a Closed Economy?
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (3)
   See also Journal Article in American Economic Review (2008)
10. The ECB and the bond market
    European Economy - Economic Papers, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission

2007

11. Debt and the Effects of Fiscal Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (34)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2007) View citations (28)
    Working Papers, Federal Reserve Bank of Boston (2007) View citations (34)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (34)

2006

12. Rebalancing Growth in China: A Three-Handed Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    See also Journal Article in China & World Economy (2006)

2005

13. Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2005) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (8)
    See also Journal Article in Monetary and Economic Studies (2005)
14. The U.S. Current Account and the Dollar
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (28)

2004

15. Economic and Political Liberalizations
    CESifo Working Paper Series, CESifo Group Munich View citations (6)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2004) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (22)
    Levine's Bibliography, UCLA Department of Economics (2004) View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (6)
    See also Journal Article in Journal of Monetary Economics (2005)
16. Improving the SGP Through a Proper Accounting of Public Investment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (68)
17. Inflation Targeting and Debt: Lessons from Brazil
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (33)
18. Public Debt Management in Brazil
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    Also in Development Working Papers, Centro Studi Luca d\'Agliano, University of Milano (2003) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (2)

2003

19. Transparency, Risk Management and International Financial Fragility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2001

20. How is the Debt Managed? Learning from Fiscal Stabilizations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (4)
    See also Journal Article in Scandinavian Journal of Economics (2002)
21. Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (39)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (19)
    See also Journal Article in The Quarterly Journal of Economics (2003)

2000

22. EU Reforms for Tomorrow’s Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (29)
23. European Financial Markets After EMU: A First Assessment
    FAME Research Paper Series, International Center for Financial Asset Management and Engineering View citations (21)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (29)
    Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP), Université de Lausanne, Faculté des HEC, DEEP (2000) View citations (32)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (44)
24. Looking for Contagion: Evidence from the ERM
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
25. Looking for Contagion: the Evidence from the ERM
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
26. Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (141)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (118)
    See also Journal Article in European Economic Review (2000)

1999

27. Searching for Non-Keynesian Effects of Fiscal Policy
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (22)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (5)
28. The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (31)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (50)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1999) View citations (25)

1998

29. A Red Letter Day?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
30. High Yields: The Spread on German Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (8)
    See also Journal Article in Economic Journal (1997)
31. The Immediate Challenges for the European Central Bank
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (109)

1997

32. Extracting Information from Asset Prices: The Methodology of EMU Calculators
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (5)
    See also Journal Article in European Economic Review (2000)
33. Managing the Public Debt in Fiscal Stabilizations: The Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (3)
34. Out in the Sunshine? Outsiders, Insiders, and the United States in 1998
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

1996

35. Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (99)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (59)
36. The Use of SDRs in the Financing of Official Safety-net Mechanisms
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1995

37. Flexible integration: towards a more effective and democratic Europe
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (18)

1992

38. Attitudes Towards Inflation and the Viability of Fixed Exchange Rates: Evidence From the EMS
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1992) View citations (4)
    See also Chapter (1993)

1990

39. Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (164)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (124)
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (1990) View citations (10)
    See also Chapter (1990)
40. Monitoring European integration: the impact of Eastern Europe:a CEPR annual report
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (3)
41. The "New" EMS
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna View citations (22)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (22)

1989

42. Can the EMS Be Exported? Lessons from Ten Years of Monetary Policy Coordination in Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (1989) View citations (1)
43. Confidence Crises and Public Debt Management
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1989) View citations (30)
    NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (5)
44. Italy: The Real Effects of Inflation and Disinflation
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna View citations (6)
45. Teoria dei giochi e teoria della politica economica
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna
46. The Exchange-Rate Question in Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (1989)

1988

47. Can International Policy Coordination Really Be Counterproductive?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988)
48. Can The European Monetary System Be Copied Outside Europe? Lessons From Ten Years of Monetary Policy Coordination In Europe
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Chapter (1990)

1986

49. Monetary Policy Interactions under Managed Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    See also Journal Article in Economica (1989)
50. The Advantages of Tying One's Hands: EMS Discipline and Central Bank Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (50)
    See also Chapter (1991)
    Journal Article in European Economic Review (1988)

1983

51. Stabilization Policies in an Explosive Economy: Announcements and Expectations
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna

Undated

52. Should we trust banks when they sit on the board of directors?
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University
53. The Real Exchange Rate, the Current Account and the Speed of Adjustment
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (11)
    See also Chapter (1984)
54. Why are Brazil´s Interest Rates so High?
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (18)

Journal Articles

2008

1. Europas Bankenkrise: ein Aufruf zum Handeln
   DIW Wochenbericht, 2008, 75, (41), 640-641
2. Should the Euro Area Be Run as a Closed Economy?
   American Economic Review, 2008, 98, (2), 138-45 View citations (3)
   See also Working Paper (2008)

2006

3. Rebalancing Growth in China: A Three-Handed Approach
   China & World Economy, 2006, 14, (4), 1-20 View citations (13)
   See also Working Paper (2006)

2005

4. Economic and political liberalizations
   Journal of Monetary Economics, 2005, 52, (7), 1297-1330 View citations (81)
   See also Working Paper (2004)
5. Ignazio Angeloni, Anil Kashyap and Benoit Mojon, Monetary policy transmission in the euro area, Cambridge University Press (2003)
   Journal of International Economics, 2005, 67, (2), 524-528
6. International Investors, the U.S. Current Account, and the Dollar
   Brookings Papers on Economic Activity, 2005, 36, (1), 1-66 View citations (25)
7. Preface
   Journal of the European Economic Association, 2005, 3, (5), 967-967
   Also in Journal of the European Economic Association, 2003, 1, (5), iii-iii (2003)
8. Searching for Non-monotonic Effects of Fiscal Policy: New Evidence
   Monetary and Economic Studies, 2005, 23, (S1), 197-217 View citations (7)
   See also Working Paper (2005)

2003

9. Macroeconomic Effects Of Regulation And Deregulation In Goods And Labor Markets
   The Quarterly Journal of Economics, 2003, 118, (3), 879-907 View citations (174)
   See also Working Paper (2001)

2002

10. Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle?
    Brookings Papers on Economic Activity, 2002, 33, (2), 147-210 View citations (62)
11. How Is the Debt Managed? Learning from Fiscal Stabilizations
    Scandinavian Journal of Economics, 2002, 104, (3), 443-69 View citations (2)
    See also Working Paper (2001)
12. Is the international propagation of financial shocks non-linear?: Evidence from the ERM
    Journal of International Economics, 2002, 57, (1), 231-246 View citations (50)

2000

13. Extracting information from asset prices: The methodology of EMU calculators
    European Economic Review, 2000, 44, (9), 1607-1632 View citations (7)
    See also Working Paper (1997)
14. Searching for non-linear effects of fiscal policy: Evidence from industrial and developing countries
    European Economic Review, 2000, 44, (7), 1259-1289 View citations (122)
    See also Working Paper (2000)

1999

15. Options for the Future Exchange RatePolicy of the EMU
    VOPROSY ECONOMIKI, 1999, 1 View citations (11)

1998

16. Currency areas, international monetary regimes, and the employment-inflation tradeoff
    Journal of International Economics, 1998, 45, (2), 259-296 View citations (8)
17. Immediate challenges for the European Central Bank
    Economic Policy, 1998, 13, (26), 15-64 View citations (122)

1997

18. High Yields: The Spread on German Interest Rates
    Economic Journal, 1997, 107, (443), 956-85 View citations (39)
    See also Working Paper (1998)

1992

19. Introduction
    European Economic Review, 1992, 36, (2-3), 207-208

1989

20. Monetary Policy Interactions under Managed Exchange Rates
    Economica, 1989, 56, (222), 199-213 View citations (8)
    See also Working Paper (1986)

1988

21. Incentives to fix the exchange rate
    European Economic Review, 1988, 32, (2-3), 382-387 View citations (1)
22. Modèles du SME: l'Europe n'est-elle qu'une zone deutsche mark ?
    Revue Économique, 1988, 39, (3), 641-666
23. The Real Exchange Rate and the Fiscal Aspects of a Natural Resource Discovery
    Oxford Economic Papers, 1988, 40, (3), 427-50 View citations (1)
24. The advantage of tying one's hands: EMS discipline and Central Bank credibility
    European Economic Review, 1988, 32, (5), 1055-1075 View citations (121)
    See also Chapter (1991)
    Working Paper (1986)

1987

25. Exchange rates and prices in Europe
    Review of World Economics (Weltwirtschaftliches Archiv), 1987, 123, (4), 592-605 View citations (1)

1985

26. The Zero Root Problem: A Note on the Dynamic Determination of the Stationary Equilibrium in Linear Models
    Review of Economic Studies, 1985, 52, (2), 353-57 View citations (20)

1982

27. 'Relative price variability and inflation in the United States and Germany' by Fischer
    European Economic Review, 1982, 18, (1), 207-208
    Also in European Economic Review, 1982, 18, (2), 207-208 (1982)
28. Simulating an oil shock with sticky prices
    European Economic Review, 1982, 18, (1), 11-33 View citations (1)
    Also in European Economic Review, 1982, 18, (2), 11-33 (1982) View citations (2)
29. The short run behaviour of prices and output in the exportables sector: The case of German machinery
    Journal of International Economics, 1982, 12, (1-2), 83-93

1980

30. Uniqueness of ASM solutions in rational expectations models: An example
    Economics Letters, 1980, 6, (1), 7-12

Books

2010

1. Europe and the Euro
   NBER Books, National Bureau of Economic Research, Inc View citations (12)

2009

2. NBER International Seminar on Macroeconomics 2007
   NBER Books, National Bureau of Economic Research, Inc

2006

3. NBER International Seminar on Macroeconomics 2004
   NBER Books, National Bureau of Economic Research, Inc

2002

4. International Seminar on Macroeconomics
   NBER Books, National Bureau of Economic Research, Inc View citations (5)

Edited books

2009

1. Adjustment and Growth in the European Monetary Union
   Cambridge Books, Cambridge University Press

2006

2. NBER International Seminar on Macroeconomics 2004, vol 1
   MIT Press Books, The MIT Press

1993

3. Adjustment and Growth in the European Monetary Union
   Cambridge Books, Cambridge University Press View citations (39)

1989

4. The European Monetary System
   Cambridge Books, Cambridge University Press View citations (6)

Chapters

2010

1. Introduction to "Europe and the Euro"
   A chapter in Europe and the Euro, 2010, pp 1-9 View citations (3)
2. Introduction to "NBER International Seminar on Macroeconomics 2010"
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 1-5

2009

3. Introduction to "NBER International Seminar on Macroeconomics 2007"
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 1-5

2006

4. Introduction to "NBER International Seminar on Macroeconomics 2004"
   A chapter in NBER International Seminar on Macroeconomics 2004, 2006, pp 1-16

2005

5. Comment on "Fiscal Externalities and Optimal Taxation in an Economic Community"
   A chapter in NBER International Seminar on Macroeconomics 2005, 2005, pp 258-259

1993

6. Attitudes toward Inflation and the Viability of Fixed Exchange Rates: Evidence from the EMS
   A chapter in A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, 1993, pp 547-586 View citations (4)
   See also Working Paper (1992)

1991

7. The Advantage of Tying One's Hands: EMS Discipline and Central Bank Credibility
   A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 303-330
   See also Working Paper (1986)
   Journal Article in European Economic Review (1988)

1990

8. Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries
   A chapter in NBER Macroeconomics Annual 1990, Volume 5, 1990, pp 75-122 View citations (122)
   See also Working Paper (1990)
9. Can the European Monetary System be Copied Outside Europe? Lessons from Ten Years of Monetary Policy Coordination in Europe
   A chapter in International Policy Coordination and Exchange Rate Fluctuations, 1990, pp 247-278
   See also Working Paper (1988)

1984

10. The Real Exchange Rate, the Current Account, and the Speed of Adjustment
    A chapter in Exchange Rate Theory and Practice, 1984, pp 335-356 View citations (13)
    See also Working Paper