Details about Willem Hendrik Buiter

Homepage:	http://willembuiter.com/
Phone:	212 9563861
Postal address:	60 Riverside Blvd, Apt 1201 New York, NY10069-0214, USA
Workplace:	European Systemic Risk Board, European Commission, (more information at EDIRC) School of International and Public Affairs (SIPA), Columbia University, (more information at EDIRC) Maurice R. Greenberg Center for Geoeconomic Studies, Council on Foreign Relations, (more information at EDIRC)

Access statistics for papers by Willem Hendrik Buiter.

Last updated 2024-02-05. Update your information in the RePEc Author Service.

Short-id: pbu137

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Working Papers

2023

1. Stabilising financial markets: lending and market making as a last resort
   Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (6)
2. Towards an enhanced lender of last resort and market maker of last resort
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2020

3. The global dimensions of macroprudential policy
   Report of the Advisory Scientific Committee, European Systemic Risk Board View citations (9)

2018

4. Corporate Profit Taxes, Capital Expenditure and Real Wages: The analytics behind a contentious debate
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2017

5. Exchange rate implications of Border Tax Adjustment Neutrality
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
   Also in Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) (2017) View citations (10)
   See also Journal Article Exchange rate implications of Border Tax Adjustment neutrality, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2017) View citations (10) (2017)
6. The Fallacy of the Fiscal Theory of the Price Level - Once More
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
7. The Good and the Bad Fiscal Theory of the Price Level
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
8. The fallacy of the fiscal theory of the price level - one last time
   Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (3)
   See also Journal Article The fallacy of the fiscal theory of the price level: One last time, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2018) View citations (3) (2018)

2015

9. Government deficits in large open economies: The problem of too little public debt
   Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel)
   See also Journal Article Government deficits in large open economies: The problem of too little public debt, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2016) View citations (1) (2016)

2014

10. Central Banks: Powerful, Political and Unaccountable?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    Also in MPRA Paper, University Library of Munich, Germany (2014) View citations (34)
11. The Simple Analytics of Helicopter Money:Why It Works ? Always
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (49)
    Also in Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) (2014) View citations (86)
    See also Journal Article The simple analytics of helicopter money: Why it works - always, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2014) View citations (84) (2014)

2013

12. Why do governments default, and why don't they default more often?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)

2012

13. Target2 Redux: The simple accountancy and slightly more complex economics of Bundesbank loss exposure through the Eurosystem
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
14. The ECB as Lender of Last Resort for Sovereigns in the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)
15. The Role of Central Banks in Financial Stability: How has it changed?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
    See also Chapter The Role of Central Banks in Financial Stability: How Has It Changed?, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2013) View citations (1) (2013)

2011

16. Government Budget Deficits in Large Open Economies
    CESifo Working Paper Series, CESifo View citations (1)

2010

17. Fiscal Rules in India: Are They Effective?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (9)

2009

18. Housing wealth isn't wealth
    Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (45)
    See also Journal Article Housing wealth isn't wealth, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2010) View citations (38) (2010)
19. Lessons from the global financial crisis for regulators and supervisors
    FMG Discussion Papers, Financial Markets Group View citations (1)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2009) View citations (6)
20. Negative Nominal Interest Rates: Three ways to overcome the zero lower bound
    FMG Discussion Papers, Financial Markets Group View citations (80)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (118)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (121)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2009) View citations (114)
    See also Journal Article Negative nominal interest rates: Three ways to overcome the zero lower bound, The North American Journal of Economics and Finance, Elsevier (2009) View citations (119) (2009)
21. Reversing unconventional monetary policy: technical and political considerations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
22. The Limits to Fiscal Stimulus
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    See also Journal Article The limits to fiscal stimulus, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2010) View citations (11) (2010)
23. The unfortunate uselessness of most ’state of the art’ academic monetary economics
    MPRA Paper, University Library of Munich, Germany View citations (34)

2008

24. Asymmetric-shocks-on-its-head and lender-of-last-resort theories of optimal currency areas
    MPRA Paper, University Library of Munich, Germany View citations (3)
25. Can Central Banks Go Broke?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (65)
26. Central banks and financial crises
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (48)
    Also in FMG Discussion Papers, Financial Markets Group (2008) View citations (15)
    See also Journal Article Central banks and financial crises, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2008) View citations (11) (2008)
27. Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
    See also Journal Article Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council, Open Economies Review, Springer (2008) View citations (19) (2008)
    Chapter Economic, Political and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council, Chapters, Edward Elgar Publishing (2010) (2010)

2007

28. Deflationary bubbles
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (3)
    Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics (2004) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (6)
    See also Journal Article DEFLATIONARY BUBBLES, Macroeconomic Dynamics, Cambridge University Press (2007) View citations (5) (2007)
29. Is Numerairology the Future of Monetary Economics? Unbundling numeraire and medium of exchange through a virtual currency and a shadow exchange rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (2007) View citations (17)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2007) View citations (8)
30. Is Numérairology the Future of Monetary Economics? Unbundling Numéraire and Medium of Exchange Through a Virtual Currency and
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
31. Lessons from the 2007 Financial Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (63)
32. Seigniorage
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (1)
    Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) (2007)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2007)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2007)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2007)
    See also Journal Article Seigniorage, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2007) View citations (10) (2007)

2006

33. How Robust is the New Conventional Wisdom? The Surprising Fragility of the Theoretical Foundations of Inflation Targeting and C
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
34. India's Public Finances: Excessive Budget Deficits, a Government-Abused Financial System and Fiscal Rules
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
35. Over goede intenties en de harde wetten van de woningmarkt
    Other publications TiSEM, Tilburg University, School of Economics and Management
36. The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation
    Working Paper Series, European Central Bank View citations (6)

2005

37. How the Eurosystem?s Treatment of Collateral in its Open Market Operations Weakens Fiscal Discipline in the Eurozone (and what
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (62)
38. Overcoming the Zero Bound on Nominal Interest Rates: Gesell's Currency Carry Tax vs. Eisler's arallel Virtual Currency
    Hi-Stat Discussion Paper Series, Institute of Economic Research, Hitotsubashi University View citations (5)
39. The 'Sense and Nonsense of Maastricht' Revisited: What Have We Learnt About Stabilization In EMU?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    See also Journal Article The ‘Sense and Nonsense of Maastricht’ Revisited: What Have we Learnt about Stabilization in EMU?*, Journal of Common Market Studies, Wiley Blackwell (2006) View citations (19) (2006)
40. What accounts for the bias in the inflation targeting performance of the Bank of England?
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library

2004

41. A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: 2 Ghosts, 2 Eccentricities, A Fallacy, A Mirage and A Mythos
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
42. A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: Two Ghosts, Two Eccentricities, a Fall
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
43. Corporate Governance in Developing, Transition and Emerging-Market Economies
    OECD Development Centre Policy Briefs, OECD Publishing View citations (6)
44. Cross-Border Tax Externalities: Are Budget Deficits Too Small?
    Birkbeck Working Papers in Economics and Finance, Birkbeck, Department of Economics, Mathematics & Statistics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004)
    Levine's Bibliography, UCLA Department of Economics (2003) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (2)
45. Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (34)
46. How good is the Bank’s of England’s inflation targeting record?
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
47. La gouvernance d'entreprise dans les pays en développement, en transition et les économies émergentes
    Cahiers de politique économique du Centre de Développement de l'OCDE, OECD Publishing
48. NATURE'S BLESSING OR NATURE'S CURSE: THE POLITICAL ECONOMY OF TRANSITION IN RESOURCE-BASED ECONOMIES
    Discussion Papers, University of Bonn, Center for Development Research (ZEF) View citations (4)
49. The Elusive Welfare Economics of Price Stability As A Monetary Policy Objective: Should New Keynesian Central Bankers Persue Pr
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
50. The Elusive Welfare Economics of Price Stability as a Monetary Policy Objective: Should New Keynesian Central Bankers Pursue Price Stability?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
51. To Purgatory and Beyond: When and How Should the Accession Countries from Central and Eastern Europe Become Full Members of EMU?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)

2003

52. Deflation: Prevention and Cure
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (19)
53. James Tobin: An Appreciation of his Contribution to Economics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2003) View citations (13)
    See also Journal Article James Tobin: An Appreciation of his Contribution to Economics, Economic Journal, Royal Economic Society (2003) View citations (14) (2003)
54. Overcoming the zero bound on nominal interest rates with negative interest on currency: Gesell's solution
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (77)
    See also Journal Article Overcoming the zero bound on nominal interest rates with negative interest on currency: gesell's solution, Economic Journal, Royal Economic Society (2003) View citations (120) (2003)
55. Two Naked Emperors? Concerns about the Stability and Growth Pact and Second Thoughts About Central Bank Independence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)

2002

56. Anchor, Float or Abandon Ship: Exchange Rate Regimes for Accession Countries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (91)
    See also Journal Article Anchor, float or abandon ship: exchange rate regimes for the accession countries, Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro (2002) View citations (93) (2002)
57. Patching up the Pact
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    See also Journal Article Patching up the Pact, The Economics of Transition, The European Bank for Reconstruction and Development (2004) View citations (58) (2004)

2001

58. No Pain, No Gain? The Simple Analytics of Efficient Disinflation in Open Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
59. The Liquidity Trap in an Open Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
60. The fallacy of the fiscal theory of the price level, again
    Bank of England working papers, Bank of England View citations (9)
    Also in CESifo Working Paper Series, CESifo (2000) View citations (9)

2000

61. Is Iceland an Optimal Currency Area?
    Economics, Department of Economics, Central bank of Iceland View citations (10)
62. Liquidity traps: how to avoid them and how to escape them
    Bank of England working papers, Bank of England View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (68)
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (66)
63. Monetary Misconceptions
    CEP Discussion Papers, Centre for Economic Performance, LSE
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2000)
64. Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
65. Optimal Currency Areas: Why Does The Exchange Rate Regime Matter?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
66. Optimal Currency Areas: Why Does the Exchange Rate Regime Matter? (With an Application to UK Membership in EMU)
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (23)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2000) View citations (20)
67. The Fallacy of the Fiscal Theory of the Price Level
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (73)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (72)

1999

68. Alice in Euroland
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (134)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (1999) View citations (146)
    See also Journal Article Alice in Euroland, Journal of Common Market Studies, Wiley Blackwell (1999) View citations (145) (1999)
69. The EMU and the NAMU: What is the Case for North American Monetary Union?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (49)
    See also Journal Article The EMU and the NAMU: What is the Case for North American Monetary Union?, Canadian Public Policy, University of Toronto Press (1999) View citations (48) (1999)
70. UDROP: A Small Contribution to the International Financial Architecture
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (26)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1999) View citations (23)
71. UDROP: A Small Contribution to the New International Financial Architecture
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (41)

1998

72. Interpreting the ERM Crisis: Country-Specific and Systemic Issues
    Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (45)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1997) View citations (2)
    CEP Discussion Papers, Centre for Economic Performance, LSE (1997) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (20)
73. Notes on "A Code for Fiscal Stability"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (5)
    See also Journal Article Notes on 'A Code for Fiscal Stability.', Oxford Economic Papers, Oxford University Press (2001) View citations (33) (2001)
74. The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs and Fiscal Theories of the Price Level
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (43)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (39)

1997

75. A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economics
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (2)
    See also Journal Article A portfolio approach to a cross‐sectoral and cross‐national investment strategy in transition economies, The Economics of Transition, The European Bank for Reconstruction and Development (1997) View citations (2) (1997)
76. Aspects of Fiscal Performance in Some Transition Economies Under Fund-Supported Programs
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (12)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1997) View citations (14)
    IMF Working Papers, International Monetary Fund (1997) View citations (17)
77. Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-Making and Performance
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (6)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1997) View citations (1)
78. Promoting an Effective Market Economy in a Changing World
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1997) View citations (1)
79. Transition Issues for the European Monetary Union
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (7)

1996

80. Generational Accounts, Aggregate Savings, and Intergenerational Distribution
    IMF Working Papers, International Monetary Fund View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (10)
    See also Journal Article Generational Accounts, Aggregate Saving and Intergenerational Distribution, Economica, London School of Economics and Political Science (1997) (1997)
81. Monetary union and macroeconomic stabilization
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco

1995

82. A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (16)
83. Budgetary Aspects of Stabilization and Structural Adjustment in India
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (2)
84. Budgetary Aspects of Stabilization and Strucutral Adjustment in India: The Painful Road to a Sustainable Fiscal-Financial-Monetary Plan
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (1)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1995) View citations (1)
85. Capital Mobility
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (8)
86. Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (39)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (40)
    See also Journal Article Capital Mobility, Fiscal Policy, and Growth under Self-Financing of Human Capital Formation, Canadian Journal of Economics, Canadian Economics Association (1995) View citations (39) (1995)
87. Generational Accounts
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (4)
88. Macroeconomic Policy During a Transition to Monetary Union
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (34)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1995) View citations (32)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (36)

1994

89. Indian Public Finance in the 1990s: Challenges and Prospects
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Working Papers, Yale - Economic Growth Center (1993)
90. Ponzi Finance, Government Solvency and the Redundancy or Usefulness of Public Debt
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (7)

1993

91. Public Debt in the USA: How Much, How Bad and Who Pays?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (6)

1992

92. Excessive Deficits: Sense and Nonsence in the Treaty of Maastricht
    Working Papers, Yale - Economic Growth Center View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations (88)
93. Government Solvency, Ponzi Finance and the Redundancy and Usefulness of Public Debt
    Working Papers, Yale - Economic Growth Center View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) View citations (6)
94. Permanent International Productivity Growth Differentials in an Integrated Global Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
95. Permanent International Productivity Growth Differentials in an Integrated Global Economy. The Role of Households, Non-Tradeness, Self- Financing and Fiscal Policy
    Working Papers, Yale - Economic Growth Center
96. Should We Worry About the Fiscal Numerology of Maastricht?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in Working Papers, Yale - Economic Growth Center (1992) View citations (10)

1991

97. PERSISTENT DIFFERENCES IN NATIONAL PRODUCTIVITY GROWTH RATES WITH A COMMON TECHNOLOGY AND FREE CAPITAL MOBILITY. THE ROLE OF PRIVATE THRIFT, PUBLIC DEBT, CAPITA
    Working Papers, Yale - Economic Growth Center
98. Persistent Differences in National Productivity Growth Rates with A Com-mon Technology and Free Capital Mobility: The Roles of Private Thrift
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
99. Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
100. Saving and Endogenous Growth: A Survey of Theory and Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)

1990

101. ANOMALOUS SPECULATIVE ATTACKS ON FIXED EXCHANGE RATE REGIMES POSSIBLE RESOLUTIONS OF THE "GOLD STANDARD PARADOX"
     The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
     Also in Economic Research Papers, University of Warwick - Department of Economics (1989)
102. DEBT, DEFUCUT AND INFLATION: AN APPLICATION TO THE PUBLIC FINANCES OF INDIA
     Working Papers, Yale - Economic Growth Center View citations (2)
103. Debt, Deficits and Inflation: An Application to the Public Finance of India
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (16)
     See also Journal Article Debt, deficits, and inflation: An application to the public finances of India, Journal of Public Economics, Elsevier (1992) View citations (75) (1992)
104. FISCAL POLICY INTERDEPENDENCE AND EFFICIENCY
     Working Papers, Yale - Economic Growth Center View citations (3)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (3)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (2)
105. RATIONAL SPECULATION BUBBLES IN EXCHANGE RATE TARGET ZONE
     The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (3)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (7)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (7)
     Economic Research Papers, University of Warwick - Department of Economics (1990) View citations (7)
106. REFLECTIONS ON FISCAL IMPLICATIONS OF COMMON CURRENCY
     Working Papers, Yale - Economic Growth Center View citations (7)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (14)
107. THE WELFARE ECONOMICS OF COOPERATIVE AND NONCOOPERATIVE FISCAL POLICY
     Working Papers, Yale - Economic Growth Center View citations (1)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (11)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990)
     See also Journal Article The welfare economics of cooperative and noncooperative fiscal policy, Journal of Economic Dynamics and Control, Elsevier (1991) View citations (19) (1991)

1989

108. The "Gold Standard Paradox" and its Resolution
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1989) View citations (4)

1988

109. A VIABLE GOLD STANDARD REQUIRES FLEXIBLE MONETARY AND FISCAL POLICY
     Working Papers, London School of Economics - Centre for Labour Economics View citations (1)
     See also Journal Article A Viable Gold Standard Requires Flexible Monetary and Fiscal Policy, The Review of Economic Studies, Review of Economic Studies Ltd (1989) View citations (7) (1989)
110. Can Public Spending Cuts be Inflationary?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations (3)
111. Centre For Labour Economics
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
112. DEBT NEUTRALITY, REDISTRIBUTION AND CONSUMER HETEROGENEITY: A SURVEY AND SOME EXTENSIONS - AND - DEBT NEUTRALITY, PROFESSOR VICKREY AND HENRY GEORGE'S SINGLE TAX
     Working Papers, London School of Economics - Centre for Labour Economics
113. Debt Neutrality, Professor Vickrey and Henry George's "Single Tax"
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article Debt neutrality, Professor Vickrey and Henry George's 'single tax', Economics Letters, Elsevier (1989) View citations (12) (1989)
114. SOME THOUGHTS ON THE ROLE OF FISCAL POLICY IN STABILISATION AND STRUCTURAL ADJUSTMENT IN DEVELOPING COUNTRIES
     Working Papers, London School of Economics - Centre for Labour Economics View citations (5)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1988) View citations (9)
     NBER Working Papers, National Bureau of Economic Research, Inc (1988) View citations (7)

1987

115. Efficient "Myopic" Asset Pricing in General Equilibrium: A Potential Pitfall in Excess Volatility Tests
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
     See also Journal Article Efficient 'myopic' asset pricing in general equilibrium: A potential pitfall in excess volatility tests, Economics Letters, Elsevier (1987) View citations (4) (1987)
116. The Current Global Economic Situation, Outlook and Policy Options, with Special Emphasis on Fiscal Policy Issues
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
117. The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

1986

118. A "Gold Standard" Isn't Viable Unless Supported by Sufficiently FlexibleMonetary and Fiscal Policy
     NBER Working Papers, National Bureau of Economic Research, Inc
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986)
119. Borrowing to Defend the Exchange Rate and the Timing and Magnitude of Speculative Attacks
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986) View citations (7)
     See also Journal Article Borrowing to defend the exchange rate and the timing and magnitude of speculative attacks, Journal of International Economics, Elsevier (1987) View citations (36) (1987)
120. Death, Population Growth, Productivity Growth and Debt Neutrality
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
121. Fiscal Prerequisites for a Viable Managed Exchange Rate Regime: A Non-Technical Eclectic Introduction
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1986) View citations (8)
122. Granger Causality and Policy Ineffectiveness: A Rejoinder
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
     Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1986)
123. Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1985)
     See also Chapter Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies, NBER Chapters, National Bureau of Economic Research, Inc (1988) View citations (1) (1988)
124. Macroeconomic Responses by Developing Countries to Changes in External Economic Conditions
     NBER Working Papers, National Bureau of Economic Research, Inc
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986) View citations (2)
125. Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1986) View citations (6)
     See also Journal Article Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy, Oxford Economic Papers, Oxford University Press (1988) View citations (9) (1988)

1985

126. A Fiscal Theory of Hyperdeflations? Some Surprising Monetarist Arithmetic
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article A Fiscal Theory of Hyperdeflations? Some Surprising Monetarist Arithmetic, Oxford Economic Papers, Oxford University Press (1987) View citations (16) (1987)
127. International Monetary Policy to Promote Economic Recovery
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1985) View citations (4)

1984

128. Allocative and Stabilisation Aspects of Budgetary and Financial Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
129. Fiscal Policy in Open, Interdependent Economies
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1984) View citations (18)
     See also Chapter Fiscal Policy in Open, Interdependent Economies, Palgrave Macmillan Books, Palgrave Macmillan (1987) View citations (31) (1987)
130. Measuring Aspects of Fiscal and Financial Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1984) View citations (2)
131. Policy Evaluation and Design for Continuous Time Linear Rational Expectations Models: Some Recent Developments
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
     Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1984) View citations (1)
132. Saddlepoint Problems in Contifuous Time Rational Expectations Models: A General Method and Some Macroeconomic Ehamples
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (104)
     Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1982) View citations (12)
     Economic Research Papers, University of Warwick - Department of Economics (1982) View citations (2)
     See also Journal Article Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples, Econometrica, Econometric Society (1984) View citations (131) (1984)

1983

133. Costs and Benefits of an Anti-Inflationary Policy: Questions and Issues
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
134. Deficits, Crowding Out and Inflation: The Simple Analytics
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
135. International Balance of Payments Financing and Adjustment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
136. Optimal and Time-Consistent Polices in Continuous Time Rational Expectations Models
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (8)
137. Predetermined and Non-Predetermined Variables in Rational Expectations Models
     NBER Technical Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article Predetermined and non-predetermined variables in rational expectations models, Economics Letters, Elsevier (1982) View citations (13) (1982)
138. The Theory of Optimum Deficits and Debt
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

1982

139. Comment on T. J. Sargent and N. Wallace: "Some Unpleasant Monetarist Arithmetic"
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     See also Chapter Comment on T. J. Sargent and N. Wallace: Some Unpleasant Monetarist Arithmetic, Palgrave Macmillan Books, Palgrave Macmillan (1984) View citations (1) (1984)
140. Monetary and Fiscal Policy with Flexible Exchange Rates
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
141. On the Adequacy or Inadequacy of Keynesian Balance-of-Payments Theory: A Rejoinder
     NBER Working Papers, National Bureau of Economic Research, Inc
142. The Proper Measurement of Government Budget Deficits: Comprehensive Wealth Accounting or Permanent Income Accounting for the Public Sector
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

1981

143. A Note on the Solution of A Two-Point Boundary Value Problem Frequently Encountered in Rational Expectations Models
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (1)
144. Granger-Causality and Stabilization Policy
     NBER Technical Working Papers, National Bureau of Economic Research, Inc
145. Issues in Controllability and the Theory of Economic Policy
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (9)
     See also Journal Article Issues in controllability and the theory of economic policy, Journal of Public Economics, Elsevier (1981) View citations (9) (1981)
146. Macroeconometric Modelling for Policy Evaluation and Design
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (1)
147. REAL EXCHANGE RATE OVERSHOOTING AND THE OUTPUT COST OF BRINGING DOWN INFLATION
     Economic Research Papers, University of Warwick - Department of Economics View citations (1)
     Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1981) View citations (6)
     NBER Working Papers, National Bureau of Economic Research, Inc (1981) View citations (37)
     See also Journal Article Real exchange rate overshooting and the output cost of bringing down inflation, European Economic Review, Elsevier (1982) View citations (53) (1982)
     Chapter Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation, NBER Chapters, National Bureau of Economic Research, Inc (1991) View citations (1) (1991)
148. The Superiority of Contingent Rules over Fixed Rules in Models with Rational Expectations
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (39)
     See also Journal Article The Superiority of Contingent Rules over Fixed Rules in Models with Rational Expectations, Economic Journal, Royal Economic Society (1981) View citations (38) (1981)

1980

149. Implications for the Adjustment Process of International Asset Risks: Exchange Controls, Intervention and Policy Risk, and Sovereign Risk
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
150. MONETARY POLICY AND INTERNATIONAL COMPETITIVENESS
     Economic Research Papers, University of Warwick - Department of Economics View citations (2)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1980) View citations (10)
151. Monetary Policy and International Competitiveness (A story of smart speculators and sticky prices, set in a world of high-speed capital movements)
     The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
152. OIL, DISINFLATION, AND EXPORT COMPETITIVENESS: A MODEL OF THE "DUTCH DISEASE"
     Economic Research Papers, University of Warwick - Department of Economics View citations (13)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1980) View citations (22)
     The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1980) View citations (39)
153. POLICY DECENTRALIZATION AND EXCHANGE RATE MANAGEMENT IN INTERDEPENDENT ECONOMIES
     Economic Research Papers, University of Warwick - Department of Economics View citations (4)
     Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1980) View citations (1)
     NBER Working Papers, National Bureau of Economic Research, Inc (1980) View citations (7)
154. Real Effects of Anticipated and Unanticipated Money: Some Problems of Estimation and Hypothesis Testing
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article Real effects of anticipated and unanticipated money: Some problems of estimation and hypothesis testing, Journal of Monetary Economics, Elsevier (1983) View citations (7) (1983)
155. Staggered Wage Setting without Money Illusion: Variations on a Theme of Taylor
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
156. The Role of Economic Policy After the New Classical Macroeconomics
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (4)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1980) View citations (2)

1979

157. Feedback and the Use of Current Information: The Use of General Linear Policy Rules in Rational Expectations Models
     NBER Working Papers, National Bureau of Economic Research, Inc
158. The Roles of Monetary, Financial and Fiscal Policy with Rational Expectations
     NBER Working Papers, National Bureau of Economic Research, Inc
159. Time Preference and International Lending and Borrowing in an Overlapping-Generations Model
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
     See also Journal Article Time Preference and International Lending and Borrowing in an Overlapping-Generations Model, Journal of Political Economy, University of Chicago Press (1981) View citations (229) (1981)

1978

160. Debt Neutrality: A Brief Review of Doctrine and Evidence
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (17)
161. Fiscal and Monetary Policies, Capital Formation, and Economic Activity
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (16)

1974

162. Long Run Effects of Fiscal and Monetary Policy on Aggregate Demand
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (25)

Journal Articles

2023

1. The Fiscal Theory of the Price Level
   The Economic Record, 2023, 99, (327), 568-572
2. The widespread failure of central banks to control inflation
   Economic Affairs, 2023, 43, (1), 2-31 View citations (1)

2018

3. The fallacy of the fiscal theory of the price level: One last time
   Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2018, 12, 1-56 View citations (3)
   See also Working Paper The fallacy of the fiscal theory of the price level - one last time, Economics Discussion Papers (2017) View citations (3) (2017)

2017

4. Exchange rate implications of Border Tax Adjustment neutrality
   Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2017, 11, 1-41 View citations (10)
   See also Working Paper Exchange rate implications of Border Tax Adjustment Neutrality, CEPR Discussion Papers (2017) View citations (10) (2017)

2016

5. Government deficits in large open economies: The problem of too little public debt
   Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2016, 10, 1-39 View citations (1)
   See also Working Paper Government deficits in large open economies: The problem of too little public debt, Economics Discussion Papers (2015) (2015)

2015

6. Why Economists (and Economies) Should Love Islamic Finance لماذا يجب على الاقتصاديين (والاقتصاديات) أن يحبوا التمويل الإسلامي
   Journal of King Abdulaziz University: Islamic Economics, 2015, 28, (1), 129-150 View citations (1)

2014

7. The simple analytics of helicopter money: Why it works - always
   Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2014, 8, 1-51 View citations (84)
   See also Working Paper The Simple Analytics of Helicopter Money:Why It Works ? Always, CEPR Discussion Papers (2014) View citations (49) (2014)

2012

8. The European Central Bank as Lender of Last Resort for Sovereigns in the Eurozone
   Journal of Common Market Studies, 2012, 50, 6-35 View citations (23)

2010

9. Housing wealth isn't wealth
   Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2010, 4, 1-29 View citations (38)
   See also Working Paper Housing wealth isn't wealth, Economics Discussion Papers (2009) View citations (1) (2009)
10. The limits to fiscal stimulus
    Oxford Review of Economic Policy, 2010, 26, (1), 48-70 View citations (11)
    See also Working Paper The Limits to Fiscal Stimulus, CEPR Discussion Papers (2009) View citations (5) (2009)

2009

11. Negative nominal interest rates: Three ways to overcome the zero lower bound
    The North American Journal of Economics and Finance, 2009, 20, (3), 213-238 View citations (119)
    See also Working Paper Negative Nominal Interest Rates: Three ways to overcome the zero lower bound, FMG Discussion Papers (2009) View citations (80) (2009)

2008

12. Central banks and financial crises
    Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 495-633 View citations (11)
    See also Working Paper Central banks and financial crises, LSE Research Online Documents on Economics (2008) View citations (48) (2008)
13. Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council
    Open Economies Review, 2008, 19, (5), 579-612 View citations (19)
    See also Chapter Economic, Political and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council, Chapters, 2010 (2010) (2010)
    Working Paper Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council, CEPR Discussion Papers (2008) View citations (18) (2008)
14. Europas Bankenkrise: ein Aufruf zum Handeln
    DIW Wochenbericht, 2008, 75, (41), 640-641
15. Why the United Kingdom Should Join the Eurozone
    International Finance, 2008, 11, (3), 269-282 View citations (8)

2007

16. DEFLATIONARY BUBBLES
    Macroeconomic Dynamics, 2007, 11, (4), 431-454 View citations (5)
    See also Working Paper Deflationary bubbles, LSE Research Online Documents on Economics (2007) View citations (5) (2007)
17. Is Numérairology the Future of Monetary Economics?
    Open Economies Review, 2007, 18, (2), 127-156 View citations (4)
18. Seigniorage
    Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2007, 1, 1-49 View citations (10)
    See also Working Paper Seigniorage, CEPR Discussion Papers (2007) (2007)
19. ‘Country ownership’: a term whose time has gone
    Development in Practice, 2007, 17, (4-5), 647-652

2006

20. Excessive Budget Deficits, a Government-Abused Financial System, and Fiscal Rules
    India Policy Forum, 2006, 2, (1), 1-54 View citations (12)
    Also in India Policy Forum, 2005, 2, (1), 1-54 (2005) View citations (3)
21. The ‘Sense and Nonsense of Maastricht’ Revisited: What Have we Learnt about Stabilization in EMU?*
    Journal of Common Market Studies, 2006, 44, (4), 687-710 View citations (19)
    See also Working Paper The 'Sense and Nonsense of Maastricht' Revisited: What Have We Learnt About Stabilization In EMU?, CEPR Discussion Papers (2005) View citations (14) (2005)

2005

22. New Developments in Monetary Economics: Two ghosts, Two Eccentricities, a Fallacy, a Mirage and a Mythos
    Economic Journal, 2005, 115, (502), C1-C31 View citations (42)
23. Overcoming the zero bound on nominal interest rates: Gesell’s currency carry tax vs. Eisler’s parallel virtual currency
    International Economics and Economic Policy, 2005, 2, (2), 189-200 View citations (4)

2004

24. Patching up the Pact
    The Economics of Transition, 2004, 12, (1), 67-102 View citations (58)
    See also Working Paper Patching up the Pact, CEPR Discussion Papers (2002) View citations (36) (2002)
25. Two Naked Emperors? Concerns about the Stability & Growth Pact and Second Thoughts about Central Bank Independence
    Fiscal Studies, 2004, 25, (3), 249-277 View citations (16)

2003

26. James Tobin: An Appreciation of his Contribution to Economics
    Economic Journal, 2003, 113, (491), F585-F631 View citations (14)
    See also Working Paper James Tobin: An Appreciation of his Contribution to Economics, NBER Working Papers (2003) View citations (14) (2003)
27. Overcoming the zero bound on nominal interest rates with negative interest on currency: gesell's solution
    Economic Journal, 2003, 113, (490), 723-746 View citations (120)
    See also Working Paper Overcoming the zero bound on nominal interest rates with negative interest on currency: Gesell's solution, LSE Research Online Documents on Economics (2003) View citations (77) (2003)
28. Ten Commandments for a Fiscal Rule in the E(M)U
    Oxford Review of Economic Policy, 2003, 19, (1), 84-99 View citations (36)
29. UEM ou politique de l’autruche ? Les candidats à l’UE(M) face aux questions de politique budgétaire et monétaire
    Revue d'Économie Financière, 2003, 72, (3), 83-106

2002

30. Anchor, float or abandon ship: exchange rate regimes for the accession countries
    Banca Nazionale del Lavoro Quarterly Review, 2002, 55, (221), 111-142 View citations (93)
    Also in BNL Quarterly Review, 2002, 55, (221), 111-142 (2002) View citations (102)
    See also Working Paper Anchor, Float or Abandon Ship: Exchange Rate Regimes for Accession Countries, CEPR Discussion Papers (2002) View citations (91) (2002)
31. Ancorare, fluttuare o abbandonare la nave:i regimi valutari dei paesi candidati all' Unione Europea
    Moneta e Credito, 2002, 55, (218), 127-164
32. Quelle devrait être la mission des banques multilatérales de développement ?
    Revue d’économie du développement, 2002, 10, (1), 171-204
33. The Fiscal Theory Of The Price Level: A Critique
    Economic Journal, 2002, 112, (481), 459-480 View citations (186)

2001

34. Banque centrale et choix de régimes de change pour les pays candidats à l’adhésion
    Revue d'Économie Financière, 2001, 6, (1), 315-347
35. Central Banking and the Choice of Currency Regime in Accession Countries
    Revue d'Économie Financière, 2001, 6, (1), 287-318 View citations (24)
    See also Book Central Banking and the Choice of Currency Regime in Accession Countries, SUERF Studies, 2001 (2001) View citations (28) (2001)
36. Debt in Transition Economies: Where is it Heading, What can be Done About it?
    Revue d'Économie Financière, 2001, 6, (1), 191-213
37. La dette des économies en transition: évolution et marche à suivre
    Revue d'Économie Financière, 2001, 6, (1), 207-231
38. Notes on 'A Code for Fiscal Stability.'
    Oxford Economic Papers, 2001, 53, (1), 1-19 View citations (33)
    See also Working Paper Notes on "A Code for Fiscal Stability", NBER Working Papers (1998) View citations (3) (1998)

2000

39. From Predation to Accumulation?: The Second Transition Decade in Russia
    The Economics of Transition, 2000, 8, (3), 603-622 View citations (9)
40. Optimal Currency Areas Scottish Economic Society/Royal Bank of Scotland Annual Lecture, 1999
    Scottish Journal of Political Economy, 2000, 47, (3), 213-250 View citations (4)

1999

41. Alice in Euroland
    Journal of Common Market Studies, 1999, 37, (2), 181-209 View citations (145)
    See also Working Paper Alice in Euroland, LSE Research Online Documents on Economics (1999) View citations (134) (1999)
42. The EMU and the NAMU: What is the Case for North American Monetary Union?
    Canadian Public Policy, 1999, 25, (3), 285-305 View citations (48)
    See also Working Paper The EMU and the NAMU: What is the Case for North American Monetary Union?, CEPR Discussion Papers (1999) View citations (49) (1999)
43. UDROP: A Contribution to the New International Financial Architecture
    International Finance, 1999, 2, (2), 227-247 View citations (62)

1997

44. A portfolio approach to a cross‐sectoral and cross‐national investment strategy in transition economies
    The Economics of Transition, 1997, 5, (1), 63-96 View citations (2)
    See also Working Paper A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economics, CEP Discussion Papers (1997) View citations (3) (1997)
45. Enterprise performance and macroeconomic control
    BNL Quarterly Review, 1997, 50, (200), 3-22 View citations (2)
    Also in Banca Nazionale del Lavoro Quarterly Review, 1997, 50, (200), 3-22 (1997) View citations (2)
46. Generational Accounts, Aggregate Saving and Intergenerational Distribution
    Economica, 1997, 64, (256), 605-626
    See also Working Paper Generational Accounts, Aggregate Savings, and Intergenerational Distribution, IMF Working Papers (1996) View citations (3) (1996)
47. The Economic Case for Monetary Union in the European Union
    Review of International Economics, 1997, 5, (4), 10-35 View citations (25)

1995

48. Capital Mobility, Fiscal Policy, and Growth under Self-Financing of Human Capital Formation
    Canadian Journal of Economics, 1995, 28, (s1), 163-94 View citations (39)
    See also Working Paper Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation, CEPR Discussion Papers (1995) View citations (39) (1995)

1993

49. Los déficits excesivos: razones y sinsentidos en el Tratado de Maastricht
    EKONOMIAZ. Revista vasca de Economía, 1993, 26, (02), 297-340
50. Options for UK Fiscal Policy
    Oxford Review of Economic Policy, 1993, 9, (3), 62-68

1992

51. Debt, deficits, and inflation: An application to the public finances of India
    Journal of Public Economics, 1992, 47, (2), 171-205 View citations (75)
    See also Working Paper Debt, Deficits and Inflation: An Application to the Public Finance of India, CEPR Discussion Papers (1990) View citations (3) (1990)
52. Fiscal policy coordination as fiscal federalism: Economic integration, public goods and efficiency in growing economies
    European Economic Review, 1992, 36, (2-3), 647-653 View citations (2)
53. Who's Afraid of the Public Debt?
    American Economic Review, 1992, 82, (2), 290-94 View citations (4)

1991

54. Persistent differences in national productivity growth rates with a common technology and free capital mobility: The roles of private thrift, public debt, capital taxation, and policy toward human capital formation
    Journal of the Japanese and International Economies, 1991, 5, (4), 325-353 View citations (9)
55. The welfare economics of cooperative and noncooperative fiscal policy
    Journal of Economic Dynamics and Control, 1991, 15, (1), 215-244 View citations (19)
    See also Working Paper THE WELFARE ECONOMICS OF COOPERATIVE AND NONCOOPERATIVE FISCAL POLICY, Working Papers (1990) View citations (1) (1990)

1989

56. A Viable Gold Standard Requires Flexible Monetary and Fiscal Policy
    The Review of Economic Studies, 1989, 56, (1), 101-117 View citations (7)
    See also Working Paper A VIABLE GOLD STANDARD REQUIRES FLEXIBLE MONETARY AND FISCAL POLICY, Working Papers (1988) View citations (1) (1988)
57. Debt neutrality, Professor Vickrey and Henry George's 'single tax'
    Economics Letters, 1989, 29, (1), 43-47 View citations (12)
    See also Working Paper Debt Neutrality, Professor Vickrey and Henry George's "Single Tax", NBER Working Papers (1988) View citations (2) (1988)
58. Some thoughts on the Brady plan: Putting a fourth leg on the donkey?
    World Development, 1989, 17, (10), 1661-1664 View citations (2)

1988

59. Death, Birth, Productivity Growth and Debt Neutrality
    Economic Journal, 1988, 98, (391), 279-93 View citations (151)
60. Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy
    Oxford Economic Papers, 1988, 40, (2), 220-45 View citations (9)
    See also Working Paper Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy, NBER Working Papers (1986) View citations (2) (1986)

1987

61. A Fiscal Theory of Hyperdeflations? Some Surprising Monetarist Arithmetic
    Oxford Economic Papers, 1987, 39, (1), 111-18 View citations (16)
    See also Working Paper A Fiscal Theory of Hyperdeflations? Some Surprising Monetarist Arithmetic, NBER Technical Working Papers (1985) View citations (2) (1985)
62. An empirical investigation of the long-run behavior of real exchange rates comment on the huizinga paper
    Carnegie-Rochester Conference Series on Public Policy, 1987, 27, (1), 215-223 View citations (1)
63. Borrowing to defend the exchange rate and the timing and magnitude of speculative attacks
    Journal of International Economics, 1987, 23, (3-4), 221-239 View citations (36)
    See also Working Paper Borrowing to Defend the Exchange Rate and the Timing and Magnitude of Speculative Attacks, NBER Working Papers (1986) View citations (7) (1986)
64. Efficient 'myopic' asset pricing in general equilibrium: A potential pitfall in excess volatility tests
    Economics Letters, 1987, 25, (2), 143-148 View citations (4)
    See also Working Paper Efficient "Myopic" Asset Pricing in General Equilibrium: A Potential Pitfall in Excess Volatility Tests, NBER Working Papers (1987) View citations (4) (1987)
65. Rewarding the profligate and punishing the prudent and poor: Some recent proposals for debt relief
    World Development, 1987, 15, (3), 411-417 View citations (12)

1986

66. Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies (Conception de la politique macroéconomique dans une économie mondiale interdépendante: analyse de trois éventualités) (Formulación de la política macroeconómica en una economía mundial interdependiente: Análisis de tres casos)
    IMF Staff Papers, 1986, 33, (3), 541-582

1984

67. Controllability and the theory of economic policy: A further note
    Journal of Public Economics, 1984, 24, (1), 127-129 View citations (3)
68. Government Debt: Comment [Government Debt in an Overlapping-Generations Model with Bequests and Gifts]
    American Economic Review, 1984, 74, (4), 762-65 View citations (4)
69. Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples
    Econometrica, 1984, 52, (3), 665-80 View citations (131)
    See also Working Paper Saddlepoint Problems in Contifuous Time Rational Expectations Models: A General Method and Some Macroeconomic Ehamples, NBER Technical Working Papers (1984) View citations (104) (1984)

1983

70. Changing the Rules: Economic Consequences of the Thatcher Regime
    Brookings Papers on Economic Activity, 1983, 14, (2), 305-380 View citations (23)
71. Flexible Exchange Rates and Interdependence [with Comments] (Taux de change flexibles et interdépendance) (Tipos de cambio flexibles e interdependencia)
    IMF Staff Papers, 1983, 30, (1), 3-38 View citations (3)
72. Measurement of the Public Sector Deficit and Its Implications for Policy Evaluation and Design (Mesure du déficit du secteur public et ses implications pour l'évaluation et l'élaboration de la politique économique) (Medición del déficit del sector público e implicaciones para la evaluación y formulación de ciertas políticas)
    IMF Staff Papers, 1983, 30, (2), 306-349 View citations (5)
73. Real effects of anticipated and unanticipated money: Some problems of estimation and hypothesis testing
    Journal of Monetary Economics, 1983, 11, (2), 207-224 View citations (7)
    See also Working Paper Real Effects of Anticipated and Unanticipated Money: Some Problems of Estimation and Hypothesis Testing, NBER Working Papers (1980) View citations (2) (1980)

1982

74. Predetermined and non-predetermined variables in rational expectations models
    Economics Letters, 1982, 10, (1-2), 49-54 View citations (13)
    See also Working Paper Predetermined and Non-Predetermined Variables in Rational Expectations Models, NBER Technical Working Papers (1983) (1983)
75. Real exchange rate overshooting and the output cost of bringing down inflation
    European Economic Review, 1982, 18, (2), 85-123 View citations (53)
    Also in European Economic Review, 1982, 18, (1), 85-123 (1982) View citations (53)
    See also Chapter Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation, NBER Chapters, 1991, 239-277 (1991) View citations (1) (1991)
    Working Paper REAL EXCHANGE RATE OVERSHOOTING AND THE OUTPUT COST OF BRINGING DOWN INFLATION, Economic Research Papers (1981) View citations (1) (1981)

1981

76. Issues in controllability and the theory of economic policy
    Journal of Public Economics, 1981, 15, (1), 33-43 View citations (9)
    See also Working Paper Issues in Controllability and the Theory of Economic Policy, NBER Technical Working Papers (1981) View citations (9) (1981)
77. Keynesian Balance of Payments Models: Comment [On the Almost Total Inadequacy of Keynesian Balance-of-Payments Theory]
    American Economic Review, 1981, 71, (4), 784-95 View citations (1)
78. Monetary Policy and International Competitiveness: The Problems of Adjustment
    Oxford Economic Papers, 1981, 33, 143-75 View citations (26)
79. Staggered Wage Setting with Real Wage Relativities: Variations on a Theme of Taylor
    The Manchester School of Economic & Social Studies, 1981, 49, (3), 211-28 View citations (84)
80. The Superiority of Contingent Rules over Fixed Rules in Models with Rational Expectations
    Economic Journal, 1981, 91, (363), 647-70 View citations (38)
    See also Working Paper The Superiority of Contingent Rules over Fixed Rules in Models with Rational Expectations, NBER Technical Working Papers (1981) View citations (39) (1981)
81. The Thatcher Experiment: The First Two Years
    Brookings Papers on Economic Activity, 1981, 12, (2), 315-380 View citations (13)
82. Time Preference and International Lending and Borrowing in an Overlapping-Generations Model
    Journal of Political Economy, 1981, 89, (4), 769-97 View citations (229)
    See also Working Paper Time Preference and International Lending and Borrowing in an Overlapping-Generations Model, NBER Working Papers (1979) View citations (10) (1979)

1980

83. Monetary, Financial, and Fiscal Policies under Rational Expectations (Politique monétaire, financière et budgétaire dans l'hypothèse d'anticipations rationnelles) (Las políticas monetaria, financiera y fiscal en condiciones de expectativas racionales)
    IMF Staff Papers, 1980, 27, (4), 785-813
84. The Macroeconomics of Dr. Pangloss: A Critical Survey of the New Classical Macroeconomics
    Economic Journal, 1980, 90, (357), 34-50 View citations (38)
85. Walras' Law and All That: Budget Constraints and Balance Sheet Constraints in Period Models and Continuous Time Models
    International Economic Review, 1980, 21, (1), 1-16 View citations (16)

1978

86. A Didactic Note on the Transactions Demand for Money and Behavior towards Risk: A Note
    Journal of Money, Credit and Banking, 1978, 10, (4), 529-38 View citations (7)

1977

87. On Two Specifications of Asset Equilibrium in Macroeconomic Models: A Note
    Journal of Political Economy, 1977, 85, (2), 395-400 View citations (1)
88. Some Unfamiliar Properties of a Familiar Macroeconomic Model
    Economic Journal, 1977, 87, (348), 743-54
89. `Crowding out' and the effectiveness of fiscal policy
    Journal of Public Economics, 1977, 7, (3), 309-328 View citations (60)

Books

2020

1. Central Banks as Fiscal Players
   Cambridge Books, Cambridge University Press View citations (1)
   Also in Cambridge Books, Cambridge University Press (2020) View citations (1)

2010

2. The Quest for Stability: the macro view
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (2)

2001

3. Central Banking and the Choice of Currency Regime in Accession Countries
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (28)
   See also Journal Article Central Banking and the Choice of Currency Regime in Accession Countries, Revue d'Économie Financière, Programme National Persée (2001) View citations (24) (2001)
4. Financial Markets and European Monetary Cooperation
   Cambridge Books, Cambridge University Press View citations (11)
   Also in Cambridge Books, Cambridge University Press (1998) View citations (61)

1990

5. Principles of Budgetary and Financial Policy, vol 1
   MIT Press Books, The MIT Press View citations (48)

1986

6. International Economic Policy Coordination
   Cambridge Books, Cambridge University Press View citations (7)
   Also in NBER Books, National Bureau of Economic Research, Inc (1985) View citations (114)

Chapters

2023

1. Relearning Inflationinflation Control in the Post-CovidCovid Era
   Springer

2020

2. To fight the COVID pandemic, policymakers must move fast and break taboos
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 250-254 View citations (56)

2013

3. The Role of Central Banks in Financial Stability: How Has It Changed?
   Chapter 2 in The Role of Central Banks in Financial Stability How Has It Changed?, 2013, pp 11-56 View citations (1)
   See also Working Paper The Role of Central Banks in Financial Stability: How has it changed?, C.E.P.R. Discussion Papers (2012) View citations (27) (2012)

2011

4. The Icelandic Banking Crisis and What to Do about it: the Lender of Last Resort Theory of Optimal Currency Areas
   Palgrave Macmillan View citations (1)

2010

5. Economic, Political and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council
   Chapter 3 in Currency Union and Exchange Rate Issues, 2010
   See also Journal Article Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council, Springer (2008) View citations (19) (2008)
   Working Paper Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council, C.E.P.R. Discussion Papers (2008) View citations (18) (2008)

2008

6. Round Table Discussion: Monetary Policy in the New International Environment
   Chapter 9 in Central Banks as Economic Institutions, 2008 View citations (1)

2005

7. Joys and Pains of Public Debt
   Springer View citations (3)

2004

8. The Return of Deflation: What Can Central Banks Do?
   Palgrave Macmillan

2003

9. Capital account liberalization and financial sector development in transition countries
   Chapter 6 in Capital Liberalization in Transition Countries, 2003, pp 105-142

1999

10. Europe in 1984: The Case for Unsustainable Growth (1984)
    Palgrave Macmillan

1998

11. Uses and Limitations of Public Debt
    Palgrave Macmillan View citations (7)

1991

12. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
    A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 239-277 View citations (1)
    See also Working Paper REAL EXCHANGE RATE OVERSHOOTING AND THE OUTPUT COST OF BRINGING DOWN INFLATION, University of Warwick - Department of Economics (1981) View citations (1) (1981)
    Journal Article Real exchange rate overshooting and the output cost of bringing down inflation, Elsevier (1982) View citations (53) (1982)

1989

13. The Plain Man’s Guide to Fiscal and Financial Policy
    Palgrave Macmillan

1988

14. Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies
    A chapter in International Aspects of Fiscal Policies, 1988, pp 121-172 View citations (1)
    See also Working Paper Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies, C.E.P.R. Discussion Papers (1986) View citations (5) (1986)

1987

15. Fiscal Policy in Open, Interdependent Economies
    Palgrave Macmillan View citations (31)
    See also Working Paper Fiscal Policy in Open, Interdependent Economies, C.E.P.R. Discussion Papers (1984) View citations (10) (1984)

1985

16. Introduction to "International Economic Policy Coordination"
    A chapter in International Economic Policy Coordination, 1985, pp 1-7 View citations (20)

1984

17. Comment on T. J. Sargent and N. Wallace: Some Unpleasant Monetarist Arithmetic
    Palgrave Macmillan View citations (1)
    See also Working Paper Comment on T. J. Sargent and N. Wallace: "Some Unpleasant Monetarist Arithmetic", National Bureau of Economic Research, Inc (1982) View citations (3) (1982)

1983

18. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation: Some Further Results
    A chapter in Exchange Rates and International Macroeconomics, 1983, pp 317-368 View citations (12)