Details about Gian Maria Milesi-Ferretti

Access statistics for papers by Gian Maria Milesi-Ferretti.

Last updated 2013-03-08. Update your information in the RePEc Author Service.

Short-id: pmi28

Working Papers

2012

1. External Imbalances in the Euro Area
   IMF Working Papers, International Monetary Fund

2011

2. External Adjustment and the Global Crisis
   IMF Working Papers, International Monetary Fund View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (2)
   The Institute for International Integration Studies Discussion Paper Series, IIIS (2011) View citations (2)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (2)
   See also Journal Article in Journal of International Economics (2012)
3. The Great Retrenchment: International Capital Flows During the Global Financial Crisis
   Working Papers, Hong Kong Institute for Monetary Research View citations (8)
   Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2010) View citations (4)
   See also Journal Article in Economic Policy (2011)

2010

4. Bilateral Financial Linkages and Global Imbalances: A View on The Eve of the Financial Crisis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
   Also in IMF Working Papers, International Monetary Fund (2010) View citations (11)
5. Cross-Border Investment in Small International Financial Centers
   IMF Working Papers, International Monetary Fund View citations (1)
   Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2009) View citations (2)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010)
6. Global Imbalances: In Midstream?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in IMF Staff Position Notes, International Monetary Fund (2009) View citations (2)
7. The Cross-Country Incidence of the Global Crisis
   IMF Working Papers, International Monetary Fund View citations (12)
   Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2010) View citations (7)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (12)
   See also Journal Article in IMF Economic Review (2011)

2008

8. Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar
   IMF Working Papers, International Monetary Fund
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008)
9. Real Exchange Rates and Fundamentals: A Cross-Country Perspective
   IMF Working Papers, International Monetary Fund View citations (28)
10. The Drivers of Financial Globalization
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (16)
    See also Journal Article in American Economic Review (2008)
11. Where Did All The Borrowing Go? A Forensic Analysis of the U.S. External Position
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (5)
    IMF Working Papers, International Monetary Fund (2008) View citations (6)
    See also Chapter (2009)
    Journal Article in Journal of the Japanese and International Economies (2009)

2007

12. Europe and Global Imbalances
    IMF Working Papers, International Monetary Fund View citations (11)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2007) View citations (3)
    See also Journal Article in Economic Policy (2007)
13. The Shifting Composition of External Liabilities
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (15)
    See also Journal Article in Journal of the European Economic Association (2007)

2006

14. Capital Flows to Central and Eastern Europe
    IMF Working Papers, International Monetary Fund View citations (8)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2006) View citations (9)
    See also Journal Article in Emerging Markets Review (2007)
15. Exchange Rates and External Adjustment: Does Financial Globalization Matter?
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (5)
16. The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004
    IMF Working Papers, International Monetary Fund View citations (50)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2006) View citations (6)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (22)
    See also Journal Article in Journal of International Economics (2007)

2005

17. A Global Perspective on External Positions
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (46)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (56)
    IMF Working Papers, International Monetary Fund (2005) View citations (77)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (56)
    See also Chapter (2007)
18. Financial Globalisation and Exchange Rates
    The Institute for International Integration Studies Discussion Paper Series, IIIS
    Also in IMF Working Papers, International Monetary Fund (2005) View citations (33)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (41)
19. International Investment Patterns
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (11)
    Also in IMF Working Papers, International Monetary Fund (2004) View citations (45)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (37)
    See also Journal Article in The Review of Economics and Statistics (2008)
20. The International Equity Holdings of Euro Area Investors
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (16)

2004

21. Fiscal Adjustment in EU Countries: A Balance Sheet Approach
    IMF Working Papers, International Monetary Fund View citations (18)
    See also Journal Article in Journal of Banking & Finance (2006)

2003

22. External Wealth, the Trade Balance, and the Real Exchange Rate
    DNB Staff Reports (discontinued), Netherlands Central Bank
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (51)
    Royal Economic Society Annual Conference 2002, Royal Economic Society (2002) View citations (51)
    CEG Working Papers, Trinity College Dublin, Economics Department (2001) View citations (3)
    Economic Papers, Trinity College Dublin, Economics Department (2001) View citations (20)
    IMF Working Papers, International Monetary Fund (2002) View citations (51)
    See also Journal Article in European Economic Review (2002)
23. International Financial Integration
    Economic Papers, Trinity College Dublin, Economics Department View citations (105)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (98)
    IMF Working Papers, International Monetary Fund (2003) View citations (106)
    The Institute for International Integration Studies Discussion Paper Series, IIIS (2003) View citations (67)
24. Rules-Based Fiscal Policy in France, Germany, Italy and Spain
    IMF Occasional Papers, International Monetary Fund View citations (5)

2001

25. Electoral Rules and Public Spending
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
26. Electoral System and Public Spending
    IMF Working Papers, International Monetary Fund View citations (3)
    See also Journal Article in The Quarterly Journal of Economics (2002)
27. Good, Bad or Ugly? On the Effects of Fiscal Rules with Creative Accounting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (20)
    Also in IMF Working Papers, International Monetary Fund (2000) View citations (13)
    See also Journal Article in Journal of Public Economics (2004)
28. Long-Term Capital Movements
    IMF Working Papers, International Monetary Fund View citations (53)
    Also in CEG Working Papers, Trinity College Dublin, Economics Department (2001) View citations (81)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (55)
    NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (48)
    Economic Papers, Trinity College Dublin, Economics Department (2001) View citations (43)
    See also Chapter (2002)
29. THE EXTERNAL WEALTH OF NATIONS: Measures of Foreign Assets and Liabilities For Industrial and Developing Countries
    CEG Working Papers, Trinity College Dublin, Economics Department View citations (235)
    Also in IMF Working Papers, International Monetary Fund (1999) View citations (15)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (29)
    Economic Papers, Trinity College Dublin, Economics Department (2001) View citations (244)
    See also Journal Article in Journal of International Economics (2001)

2000

30. Anticipating Balance of Payments Crises-The Role of Early Warning Systems
    IMF Occasional Papers, International Monetary Fund View citations (36)
31. External Capital Structure-Theory and Evidence
    IMF Working Papers, International Monetary Fund View citations (17)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (21)
32. The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates
    Working Papers, Hong Kong Institute for Monetary Research View citations (33)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (37)
    IMF Working Papers, International Monetary Fund (2000) View citations (36)
    See also Journal Article in The Review of Economics and Statistics (2004)

1998

33. Current Account Reversals and Currency Crises: Empirical Regularities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (97)
    Also in IMF Working Papers, International Monetary Fund (1998) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (78)
    See also Chapter (2000)
34. Growth Effects of Income and Consumption Taxes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
    See also Journal Article in Journal of Money, Credit and Banking (1998)

1997

35. Current Account Sustainability: Selected East Asian and Latin American Experiences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (35)
    IMF Working Papers, International Monetary Fund (1996) View citations (22)
36. Determinants of Korean Trade Flows and their Geographical Destination
    IMF Working Papers, International Monetary Fund View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (4)
37. Fiscal Rules and the Budget Process
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in IMF Working Papers, International Monetary Fund (1996) View citations (2)
    See also Journal Article in Giornale degli Economisti (1997)
38. Origins of Sharp Reductions in Current Account deficits: An Empirical Analysis
    Working Papers, Tel Aviv View citations (4)
39. Sharp Reductions in Current Account Deficits: An Empirical Analyis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in IMF Working Papers, International Monetary Fund (1997) View citations (18)
    See also Journal Article in European Economic Review (1998)

1996

40. Current-Account Sustainability
    Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (38)
41. On the Ineffectiveness of Tax Policy in Altering Long- Run Growth: Harberger's Superneutrality Conjecture
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    See also Journal Article in Journal of Public Economics (1997)
42. On the Taxation of Human and Physical Capital in Models of Endogenous Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    See also Journal Article in Journal of Public Economics (1998)
43. Sustainability of Persistent Current Account Deficits
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)

1995

44. Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture
    IMF Working Papers, International Monetary Fund View citations (4)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (2)
45. Economic Effects and Structural Determinants of Capital Controls
    IMF Working Papers, International Monetary Fund View citations (120)
    See also Journal Article in IMF Staff Papers (1995)
46. Growth Effects of Income and Consumption Taxes: Positive and Normative Analysis
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (11)
    IMF Working Papers, International Monetary Fund (1995) View citations (8)
47. The Role of Foreign Currency Debt in Public Debt Management
    IMF Working Papers, International Monetary Fund View citations (5)

1994

48. Optimal Taxation of Human and Physical Capital in Endogenous Capital Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
49. Real Exchange Rates and the Prices of Nontradable Goods
    IMF Working Papers, International Monetary Fund View citations (14)
50. Taxation and Endogenous Growth in Open Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in IMF Working Papers, International Monetary Fund (1994) View citations (8)

1993

51. The Political Economy of Capital Controls
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (51)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (8)

1992

52. Wage Claims, Incomes Policy, and the Path of Output and Inflation in a Formerly Centrally Planned Economy
    IMF Working Papers, International Monetary Fund

1991

53. Do Good or Do Well? Public Debt Management in a Two-Party Economy
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (1)
    See also Journal Article in Economics and Politics (1995)

Undated

54. External Wealth of Nations
    Instructional Stata datasets for econometrics, Boston College Department of Economics View citations (140)

Journal Articles

2012

1. (Why) Should Current Account Balances Be Reduced&quest
   IMF Economic Review, 2012, 60, (1), 139-150 View citations (4)
2. External adjustment and the global crisis
   Journal of International Economics, 2012, 88, (2), 252-265 View citations (1)
   See also Working Paper (2011)

2011

3. The Cross-Country Incidence of the Global Crisis
   IMF Economic Review, 2011, 59, (1), 77-110 View citations (4)
   See also Working Paper (2010)
4. The great retrenchment: international capital flows during the global financial crisis
   Economic Policy, 2011, 26, (66), 285-342 View citations (7)
   See also Working Paper (2011)

2009

5. Where did all the borrowing go? A forensic analysis of the U.S. external position
   Journal of the Japanese and International Economies, 2009, 23, (2), 177-199 View citations (6)
   See also Chapter (2009)
   Working Paper (2008)

2008

6. Fundamentals at Odds? The US Current Account Deficit and Dollar
   Economic Notes, 2008, 37, (3), 259-281
7. International Investment Patterns
   The Review of Economics and Statistics, 2008, 90, (3), 538-549 View citations (39)
   See also Working Paper (2005)
8. The Drivers of Financial Globalization
   American Economic Review, 2008, 98, (2), 327-32 View citations (22)
   See also Working Paper (2008)

2007

9. Capital flows to central and Eastern Europe
   Emerging Markets Review, 2007, 8, (2), 106-123 View citations (15)
   See also Working Paper (2006)
10. Europe and global imbalances
    Economic Policy, 2007, 22, 519-573 View citations (4)
    See also Working Paper (2007)
11. The Shifting Composition of External Liabilities
    Journal of the European Economic Association, 2007, 5, (2-3), 480-490 View citations (21)
    See also Working Paper (2007)
12. The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970-2004
    Journal of International Economics, 2007, 73, (2), 223-250 View citations (131)
    See also Working Paper (2006)

2006

13. Fiscal adjustment in EU countries: A balance sheet approach
    Journal of Banking & Finance, 2006, 30, (12), 3281-3298 View citations (4)
    See also Working Paper (2004)

2005

14. Capital flows and crises
    Journal of International Economics, 2005, 67, (1), 262-265

2004

15. Good, bad or ugly? On the effects of fiscal rules with creative accounting
    Journal of Public Economics, 2004, 88, (1-2), 377-394 View citations (12)
    See also Working Paper (2001)
16. The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates
    The Review of Economics and Statistics, 2004, 86, (4), 841-857 View citations (60)
    See also Working Paper (2000)

2002

17. Electoral Systems And Public Spending
    The Quarterly Journal of Economics, 2002, 117, (2), 609-657 View citations (131)
    See also Working Paper (2001)
18. External wealth, the trade balance, and the real exchange rate
    European Economic Review, 2002, 46, (6), 1049-1071 View citations (58)
    See also Working Paper (2003)
19. Long-run determinants of the Irish real exchange rate
    Applied Economics, 2002, 34, (5), 549-553 View citations (5)

2001

20. The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries
    Journal of International Economics, 2001, 55, (2), 263-294 View citations (236)
    See also Working Paper (2001)

1998

21. Growth Effects of Income and Consumption Taxes
    Journal of Money, Credit and Banking, 1998, 30, (4), 721-44 View citations (25)
    See also Working Paper (1998)
22. On the taxation of human and physical capital in models of endogenous growth
    Journal of Public Economics, 1998, 70, (2), 237-254 View citations (52)
    See also Working Paper (1996)
23. Sharp reductions in current account deficits An empirical analysis
    European Economic Review, 1998, 42, (3-5), 897-908 View citations (43)
    See also Working Paper (1997)

1997

24. Fiscal Rules and the Budget Process
    Giornale degli Economisti, 1997, 56, (1-2), 5-40 View citations (2)
    See also Working Paper (1997)
25. On the ineffectiveness of tax policy in altering long-run growth: Harberger's superneutrality conjecture
    Journal of Public Economics, 1997, 66, (1), 99-126 View citations (101)
    See also Working Paper (1996)

1996

26. Persistent Current Account Deficits: A Warning Signal?
    International Journal of Finance & Economics, 1996, 1, (3), 161-81 View citations (8)

1995

27. A simple model of disinflation and the optimality of doing nothing
    European Economic Review, 1995, 39, (7), 1385-1404
28. DO GOOD OR DO WELL? PUBLIC DEBT MANAGEMENT IN A TWO-PARTY ECONOMY
    Economics and Politics, 1995, 7, (1), 59-78 View citations (5)
    See also Working Paper (1991)
29. Economic Effects and Structural Determinants of Capital Controls
    IMF Staff Papers, 1995, 42, (3), 517-551 View citations (112)
    See also Working Paper (1995)
30. The Disadvantage of Tying Their Hands: On the Political Economy of Policy Commitments
    Economic Journal, 1995, 105, (433), 1381-1402 View citations (12)
31. The Dynamics of Inflation and Capital Accumulation in Previously Centrally Planned Economies: A Theoretical Framework
    Economica, 1995, 62, (248), 441-59

1994

32. How cynical can an incumbent be? Strategic policy in a model of government spending
    Journal of Public Economics, 1994, 55, (1), 121-140 View citations (27)
33. Wage Indexation and Time Consistency
    Journal of Money, Credit and Banking, 1994, 26, (4), 941-50 View citations (5)

1993

34. On the credibility of 'big bang' programs: A note on wage claims and soft budget constraints in economies in transition
    European Economic Review, 1993, 37, (2-3), 387-395

Chapters

2009

1. Where did all the borrowing go? A forensic analysis of the U.S. external position
   A chapter in Financial Globalization, 20th Anniversary Conference, NBER-TCER-CEPR, 2009 View citations (6)
   See also Working Paper (2008)
   Journal Article in Journal of the Japanese and International Economies (2009)

2007

2. A Global Perspective on External Positions
   A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 67-102 View citations (12)
   See also Working Paper (2005)

2002

3. Long-Term Capital Movements
   A chapter in NBER Macroeconomics Annual 2001, Volume 16, 2002, pp 73-136 View citations (27)
   See also Working Paper (2001)

2000

4. Current Account Reversals and Currency Crises, Empirical Regularities
   A chapter in Currency Crises, 2000, pp 285-326 View citations (72)
   See also Working Paper (1998)

1999

5. 3. Current Account Deficits and Capital Flows in East Asia and Latin America: Are the Early Nineties Different From the Early Eighties
   A chapter in Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues (NBER-EASE volume 7), 1999, pp 57-108 View citations (2)