Details about Marco Bassetto

Access statistics for papers by Marco Bassetto.

Last updated 2024-05-06. Update your information in the RePEc Author Service.

Short-id: pba77

Working Papers

2024

1. On the Mechanics of Fiscal Inflations
   Working Paper Series, Federal Reserve Bank of Chicago
   See also Journal Article On the Mechanics of Fiscal Inflations, Quarterly Review, Federal Reserve Bank of Minneapolis (2024) (2024)

2023

2. A Ramsey Theory of Financial Distortions
   Staff Report, Federal Reserve Bank of Minneapolis
   Also in IFS Working Papers, Institute for Fiscal Studies (2021) View citations (5)
   Discussion Papers, Centre for Macroeconomics (CFM) (2021) View citations (3)
   Working Papers, Federal Reserve Bank of Minneapolis (2020) View citations (4)
   See also Journal Article A Ramsey Theory of Financial Distortions, Journal of Political Economy, University of Chicago Press (2024) (2024)

2022

3. A Monetary-Fiscal Theory of Sudden Inflations
   Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
   Also in IFS Working Papers, Institute for Fiscal Studies (2022) View citations (5)

2021

4. Monetary/Fiscal Interactions with Forty Budget Constraints
   Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
5. Online Appendix to "Mobility, Population Growth, and Public Capital Spending in the United States"
   Online Appendices, Review of Economic Dynamics View citations (3)
   See also Journal Article Mobility, Population Growth, and Public Capital Spending in the United States, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (3) (2021)

2020

6. Shotgun Wedding: Fiscal and Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (18)
   See also Journal Article Shotgun Wedding: Fiscal and Monetary Policy, Annual Review of Economics, Annual Reviews (2020) View citations (27) (2020)

2019

7. A Ramsey Theory of Low Interest Rates
   2019 Meeting Papers, Society for Economic Dynamics
8. Forward Guidance: Communication, Commitment, or Both?
   Working Paper Series, Federal Reserve Bank of Chicago View citations (7)
   Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (28)
   IFS Working Papers, Institute for Fiscal Studies (2019) View citations (13)
   See also Journal Article Forward guidance: Communication, commitment, or both?, Journal of Monetary Economics, Elsevier (2019) View citations (14) (2019)

2018

9. Organizational Equilibrium with Capital
   Working Paper Series, Federal Reserve Bank of Chicago
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018)
10. The Fiscal Theory of the Price Level in an Environment of Low Interest Rates
    2018 Meeting Papers, Society for Economic Dynamics View citations (15)

2017

11. Is Inflation Default? The Role of Information in Debt Crises
    Working Paper Series, Federal Reserve Bank of Chicago View citations (4)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2017) View citations (2)
    IFS Working Papers, Institute for Fiscal Studies (2017) View citations (2)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (5)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (2)
    See also Journal Article Is Inflation Default? The Role of Information in Debt Crises, American Economic Review, American Economic Association (2019) View citations (15) (2019)
12. The Fiscal Theory of the Price Level in a World of Low Interest Rates
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (6)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (3)
    Working Paper Series, Federal Reserve Bank of Chicago (2017) View citations (6)
    See also Journal Article The fiscal theory of the price level in a world of low interest rates, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (56) (2018)
13. The Interplay Between Financial Conditions and Monetary Policy Shocks
    2017 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2016) View citations (7)

2013

14. Credit Crunches and Credit Allocation in a Model of Entrepreneurship
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2013) View citations (6)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (1)
    See also Journal Article Credit Crunches and Credit Allocation in a Model of Entrepreneurship, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2015) View citations (50) (2015)
15. Fiscal consequences of paying interest on reserves
    Working Paper Series, Federal Reserve Bank of Chicago View citations (47)
    See also Journal Article Fiscal Consequences of Paying Interest on Reserves, Fiscal Studies, Institute for Fiscal Studies (2013) View citations (54) (2013)
16. Speculative Runs on Interest Rate Pegs
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Speculative runs on interest rate pegs, Journal of Monetary Economics, Elsevier (2015) View citations (14) (2015)

2012

17. Runs on Interest Rate Pegs
    2012 Meeting Papers, Society for Economic Dynamics
18. Speculative runs on interest rate pegs the frictionless case
    Working Paper Series, Federal Reserve Bank of Chicago

2011

19. On the Relationship Between Mobility, Population Growth, and Capital Spending in the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2009)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (3)

2010

20. On the Irrelevance of Government Debt When Taxes are Distortionary
    Levine's Working Paper Archive, David K. Levine View citations (10)
    See also Journal Article On the irrelevance of government debt when taxes are distortionary, Journal of Monetary Economics, Elsevier (2004) View citations (41) (2004)

2008

21. Optimal constitution design for state vs. local governments
    2008 Meeting Papers, Society for Economic Dynamics
22. Public investment and budget rules for state vs. local governments
    Working Paper Series, Federal Reserve Bank of Chicago View citations (3)

2007

23. Government Investment and the European Stability and Growth Pact
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Government investment and the European stability and growth pact, Economic Perspectives, Federal Reserve Bank of Chicago (2007) View citations (4) (2007)

2006

24. Redistribution, Taxes, and the Median Voter
    2006 Meeting Papers, Society for Economic Dynamics View citations (51)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2006) View citations (49)
    See also Journal Article Redistribution, Taxes and the Median Voter, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2006) View citations (51) (2006)
25. Tax riots
    Working Paper Series, Federal Reserve Bank of Chicago
    Also in 2005 Meeting Papers, Society for Economic Dynamics (2005)
    2004 Meeting Papers, Society for Economic Dynamics (2004)
    See also Journal Article Tax Riots, The Review of Economic Studies, Review of Economic Studies Ltd (2008) View citations (14) (2008)

2005

26. Politics and Efficiency of Separating Capital and Ordinary Government Budgets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2005) View citations (10)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (5)
    See also Journal Article Politics and Efficiency of Separating Capital and Ordinary Government Budgets, The Quarterly Journal of Economics, President and Fellows of Harvard College (2006) View citations (56) (2006)

2002

27. Equilibrium and government commitment
    Working Papers, Federal Reserve Bank of Minneapolis View citations (5)
    See also Journal Article Equilibrium and government commitment, Journal of Economic Theory, Elsevier (2005) View citations (55) (2005)

2001

28. A game-theoretic view of the fiscal theory of the price level
    Working Papers, Federal Reserve Bank of Minneapolis View citations (16)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (5)
    See also Journal Article A Game-Theoretic View of the Fiscal Theory of the Price Level, Econometrica, Econometric Society (2002) View citations (101) (2002)

1999

29. Political economy of taxation in an overlapping-generations economy
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (22)
    See also Journal Article Political Economy of Taxation in an Overlapping-Generations Economy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2008) View citations (62) (2008)

Journal Articles

2024

1. A Ramsey Theory of Financial Distortions
   Journal of Political Economy, 2024, 132, (8), 2612 - 2654
   See also Working Paper A Ramsey Theory of Financial Distortions, Staff Report (2023) (2023)
2. Institution Building without Commitment
   American Economic Review, 2024, 114, (11), 3427-68
3. On the Mechanics of Fiscal Inflations
   Quarterly Review, 2024, 44, (2)
   See also Working Paper On the Mechanics of Fiscal Inflations, Working Paper Series (2024) (2024)

2021

4. Mobility, Population Growth, and Public Capital Spending in the United States
   Review of Economic Dynamics, 2021, 41, 255-277 View citations (3)
   See also Working Paper Online Appendix to "Mobility, Population Growth, and Public Capital Spending in the United States", Online Appendices (2021) View citations (3) (2021)
   Software Item Code and data files for "Mobility, Population Growth, and Public Capital Spending in the United States", Computer Codes (2021) (2021)

2020

5. Shotgun Wedding: Fiscal and Monetary Policy
   Annual Review of Economics, 2020, 12, (1), 659-690 View citations (27)
   See also Working Paper Shotgun Wedding: Fiscal and Monetary Policy, NBER Working Papers (2020) View citations (27) (2020)

2019

6. Forward guidance: Communication, commitment, or both?
   Journal of Monetary Economics, 2019, 108, (C), 69-86 View citations (14)
   See also Working Paper Forward Guidance: Communication, Commitment, or Both?, Working Paper Series (2019) View citations (7) (2019)
7. Is Inflation Default? The Role of Information in Debt Crises
   American Economic Review, 2019, 109, (10), 3556-84 View citations (15)
   See also Working Paper Is Inflation Default? The Role of Information in Debt Crises, Working Paper Series (2017) View citations (4) (2017)

2018

8. The fiscal theory of the price level in a world of low interest rates
   Journal of Economic Dynamics and Control, 2018, 89, (C), 5-22 View citations (56)
   See also Working Paper The Fiscal Theory of the Price Level in a World of Low Interest Rates, Discussion Papers (2017) View citations (6) (2017)

2015

9. Credit Crunches and Credit Allocation in a Model of Entrepreneurship
   Review of Economic Dynamics, 2015, 18, (1), 53-76 View citations (50)
   See also Software Item Code and data files for "Credit Crunches and Credit Allocation in a Model of Entrepreneurship, Computer Codes (2014) (2014)
   Working Paper Credit Crunches and Credit Allocation in a Model of Entrepreneurship, NBER Working Papers (2013) View citations (5) (2013)
10. Speculative runs on interest rate pegs
    Journal of Monetary Economics, 2015, 73, (C), 99-114 View citations (14)
    See also Working Paper Speculative Runs on Interest Rate Pegs, NBER Working Papers (2013) (2013)

2014

11. Optimal fiscal policy with heterogeneous agents
    Quantitative Economics, 2014, 5, (3), 675-704 View citations (25)

2013

12. Fiscal Consequences of Paying Interest on Reserves
    Fiscal Studies, 2013, 34, 413-436 View citations (54)
    See also Working Paper Fiscal consequences of paying interest on reserves, Working Paper Series (2013) View citations (47) (2013)
13. Forecasting inflation and the Great Recession
    Economic Perspectives, 2013, 37, (Q III), 79-106 View citations (2)

2010

14. What is the relationship between large deficits and inflation in industrialized countries?
    Economic Perspectives, 2010, 34, (Q III), 83-100 View citations (6)

2009

15. The Research Agenda: Marco Bassetto on the Quantitative Evaluation of Fiscal Policy Rules
    EconomicDynamics Newsletter, 2009, 10, (2)

2008

16. Political Economy of Taxation in an Overlapping-Generations Economy
    Review of Economic Dynamics, 2008, 11, (1), 18-43 View citations (62)
    See also Working Paper Political economy of taxation in an overlapping-generations economy, Discussion Paper / Institute for Empirical Macroeconomics (1999) View citations (22) (1999)
17. Tax Riots
    The Review of Economic Studies, 2008, 75, (3), 649-669 View citations (14)
    See also Working Paper Tax riots, Working Paper Series (2006) (2006)

2007

18. Government investment and the European stability and growth pact
    Economic Perspectives, 2007, 31, (Q III), 33-43 View citations (4)
    See also Working Paper Government Investment and the European Stability and Growth Pact, NBER Working Papers (2007) View citations (4) (2007)

2006

19. Fiscal policy and price stability: the case of Italy, 1992–98
    Chicago Fed Letter, 2006, (Dec) View citations (3)
20. Politics and Efficiency of Separating Capital and Ordinary Government Budgets
    The Quarterly Journal of Economics, 2006, 121, (4), 1167-1210 View citations (56)
    See also Working Paper Politics and Efficiency of Separating Capital and Ordinary Government Budgets, NBER Working Papers (2005) View citations (7) (2005)
21. Redistribution, Taxes and the Median Voter
    Review of Economic Dynamics, 2006, 9, (2), 211-223 View citations (51)
    See also Working Paper Redistribution, Taxes, and the Median Voter, 2006 Meeting Papers (2006) View citations (51) (2006)

2005

22. Equilibrium and government commitment
    Journal of Economic Theory, 2005, 124, (1), 79-105 View citations (55)
    See also Working Paper Equilibrium and government commitment, Working Papers (2002) View citations (5) (2002)

2004

23. Negative Nominal Interest Rates
    American Economic Review, 2004, 94, (2), 104-108 View citations (9)
24. On the irrelevance of government debt when taxes are distortionary
    Journal of Monetary Economics, 2004, 51, (2), 299-304 View citations (41)
    See also Working Paper On the Irrelevance of Government Debt When Taxes are Distortionary, Levine's Working Paper Archive (2010) View citations (10) (2010)

2002

25. A Game-Theoretic View of the Fiscal Theory of the Price Level
    Econometrica, 2002, 70, (6), 2167-2195 View citations (101)
    See also Working Paper A game-theoretic view of the fiscal theory of the price level, Working Papers (2001) View citations (16) (2001)

Software Items

2021

1. Code and data files for "Mobility, Population Growth, and Public Capital Spending in the United States"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Mobility, Population Growth, and Public Capital Spending in the United States, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (3) (2021)

2014

2. Code and data files for "Credit Crunches and Credit Allocation in a Model of Entrepreneurship
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Credit Crunches and Credit Allocation in a Model of Entrepreneurship, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2015) View citations (50) (2015)