Details about Giancarlo Corsetti

E-mail:
Homepage:	http://sites.google.com/site/giancarlocorsetti/
Phone:	+44(0)1223525411
Postal address:	Faculty of Economics, Cambridge University Sidgwick Avenue Cambridge CB3 9DD United Kingdom
Workplace:	Department of Economics, European University Institute, (more information at EDIRC)

Access statistics for papers by Giancarlo Corsetti.

Last updated 2023-06-07. Update your information in the RePEc Author Service.

Short-id: pco185

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Working Papers

2023

1. Debt crises, fast and slow Giancarlo
   RSCAS Working Papers, European University Institute
2. España | Retardos cortos y variables... de política monetaria
   (Spain | Short and Variable Lags)
   Working Papers, BBVA Bank, Economic Research Department
3. Gambling to Preserve Price (and Fiscal) Stability
   RSCAS Working Papers, European University Institute
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
4. Short and Variable Lags
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2023)
   RSCAS Working Papers, European University Institute (2023)
5. The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis
   Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2019) View citations (1)
   Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2023)
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2019) View citations (1)
   Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2020) View citations (3)
   See also Journal Article in Open Economies Review (2020)
6. The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?
   RSCAS Working Papers, European University Institute
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (8)
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2020) View citations (6)
   Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (8)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (8)

2022

7. Exchange Rate Misalignment and External Imbalances: What is the Optimal Monetary Policy Response?
   RSCAS Working Papers, European University Institute
   Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2020) View citations (2)
   Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (2)
   Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (1)
8. Invoicing and the Dynamics of Pricing-to-Market: Evidence from UK Export Prices around the Brexit Referendum
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
   Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2018) View citations (6)
   See also Journal Article in Journal of International Economics (2022)

2021

9. Economic and Epidemiological Effects of Mandated and Spontaneous Social Distancing
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (3)
10. Lessons of Keynes’s Economic Consequences in a Turbulent Century
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2021)
    Janeway Institute Working Papers, Faculty of Economics, University of Cambridge (2021)
11. Sharing Asymmetric Tail Risk Smoothing, Asset Pricing and Terms of Trade
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
    BIS Working Papers, Bank for International Settlements (2021)
12. Sharing Asymmetric Tail Risk: Smoothing, Asset Prices and Terms of Trade
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
13. The Exchange Rate Insulation Puzzle
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (8)
    Also in ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2021) View citations (7)
    Working Paper Series, European Central Bank (2021) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (7)

2020

14. A Century of Arbitrage and Disaster Risk Pricing in the Foreign Exchange Market
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (3)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (3)
15. Debt Crises, Fast and Slow
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2020) View citations (1)
    Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (1)
16. Invoicing and Pricing-to-market: Evidence on international pricing by UK exporters
    Working Papers, University of Liverpool, Department of Economics View citations (4)
17. One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in IMF Working Papers, International Monetary Fund (2020) View citations (1)
18. Social Distancing and Supply Disruptions in a Pandemic
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (96)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (40)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2020) View citations (91)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020) View citations (50)
    See also Journal Article in Quantitative Economics (2022)
19. The Elusive Gains from Nationally-Oriented Monetary Policy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (2)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2020) View citations (2)

2019

20. Asset Prices and Risk Sharing. The Valuation Effects of Capital Market Integration
    2019 Meeting Papers, Society for Economic Dynamics View citations (4)
21. Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2015) View citations (17)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (17)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2015) View citations (15)
    See also Journal Article in American Economic Journal: Macroeconomics (2020)
22. Fast Trading and the Virtue of Entropy: Evidence from the Foreign Exchange Market
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2019) View citations (1)
    Working Paper Series, European Central Bank (2019) View citations (1)
23. Markets and Markup: A New Empirical Framework and Evidence on Exporters from China
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) View citations (12)
    Discussion Papers, Centre for Macroeconomics (CFM) (2018) View citations (12)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2018) View citations (12)
24. The Euro Crisis in the Mirror of the EMS
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (1)

2018

25. Debt Seniority and Sovereign Debt Crises
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (5)
    Also in IMF Working Papers, International Monetary Fund (2018) View citations (5)
26. Debt Sustainability and the Terms of Official Support
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (26)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (26)
27. Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-off
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (20)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) View citations (11)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2018) View citations (20)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (21)
28. Liquidity and Consumption. Evidence from three Post-earthquakes Reconstruction Programs in Italy
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (1)
    See also Journal Article in American Economic Journal: Macroeconomics (2020)
29. One Money, Many Markets
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (41)
    See also Journal Article in Journal of the European Economic Association (2022)
30. One Money, Many Markets - A Factor Model Approach to Monetary Policy in the Euro Area with High-Frequency Identification
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (37)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) View citations (30)

2017

31. Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (17)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2017) View citations (16)
    See also Journal Article in IMF Economic Review (2017)
32. Fixed on flexible rethink exchange rate regimes after the Great Recession
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (12)
33. Internal Devaluation and Macroeconomic Adjustment: Lessons from the Great Recession in the US
    2017 Meeting Papers, Society for Economic Dynamics
34. Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
35. Official Sector Lending Strategies During the Euro Area Crisis
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (12)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2017) View citations (13)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (10)
36. Step away from the zero lower bound: Small open economies in a world of secular stagnation
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (10)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2016) View citations (5)
    Bank of England working papers, Bank of England (2017) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017)
    See also Journal Article in Journal of International Economics (2019)

2016

37. COEURE Survey: Fiscal and Monetary Policies after the Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
38. Macroeconomic Stabilization, Monetary-fiscal Interactions, and Europe’s monetary Union
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (12)
    Also in Working Paper Series, European Central Bank (2016) View citations (16)
    See also Journal Article in European Journal of Political Economy (2019)
39. The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (82)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2014) View citations (17)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (39)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2014) View citations (15)
    See also Journal Article in Journal of the European Economic Association (2016)
40. The Case for Flexible Exchange Rates in a Great Recession
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (11)

2015

41. The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2015) View citations (3)

2013

42. International Competitiveness and Monetary Policy: Strategic Policy and Coordination with a Production Relocation Externality
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (10)
43. Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (6)
    Also in Economics Working Papers, European University Institute (2011) View citations (38)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (52)
    See also Journal Article in American Economic Review (2014)
44. Sovereign Risk and Belief-Driven Fluctuations in the Euro Area
    IMF Working Papers, International Monetary Fund View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (7)
    See also Journal Article in Journal of Monetary Economics (2014)
45. Varieties and the transfer problem
    SciencePo Working papers Main, HAL View citations (2)
    Also in Post-Print, HAL (2013) View citations (50)
    See also Journal Article in Journal of International Economics (2013)

2012

46. Multilateral economic cooperation and the international transmission of fiscal policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (10)
    See also Chapter (2013)
47. Sovereign Risk, Fiscal Policy, and Macroeconomic Stability
    IMF Working Papers, International Monetary Fund View citations (47)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (52)
    See also Journal Article in Economic Journal (2013)
48. The international risk-sharing puzzle is at business-cycle and lower frequency
    Working Papers, Banco de España View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (10)
    Economics Working Papers, European University Institute (2011) View citations (7)
    See also Journal Article in Canadian Journal of Economics/Revue canadienne d'économique (2012)
49. Traded and nontraded goods prices, and international risk sharing: an empirical investigation
    Working Papers, Banco de España View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (8)
    See also Journal Article in NBER International Seminar on Macroeconomics (2012)
    Chapter (2011)
50. What Determines Government Spending Multipliers?
    IMF Working Papers, International Monetary Fund View citations (320)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (325)
    See also Journal Article in Economic Policy (2012)

2011

51. A new crisis mechanism for the euro area
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (8)
52. Floats, Pegs and the Transmission of Fiscal Policy
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (39)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (42)
    Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (18)
    See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2011)
    Chapter (2013)
53. Greece
    Munich Reprints in Economics, University of Munich, Department of Economics
54. Macroeconomic outlook
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (3)
55. Soverign risk and the effects of fiscal retrenchment in deep recessions
    Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
56. Spain
    Munich Reprints in Economics, University of Munich, Department of Economics
57. Taxation and regulation of the financial sector
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (2)

2010

58. A trust-driven financial crisis. Implications for the future of financial markets
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (25)
59. Debt Consolidation and Fiscal Stabilization of Deep Recessions
    Economics Working Papers, European University Institute View citations (93)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (98)
    See also Journal Article in American Economic Review (2010)
60. From fiscal rescue to global debt
    Munich Reprints in Economics, University of Munich, Department of Economics
61. Implications of the crisis for US adjustment needs
    Munich Reprints in Economics, University of Munich, Department of Economics
62. Optimal monetary policy in open economies
    Economics Working Papers, European University Institute View citations (234)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (226)
    Working Paper Series, Federal Reserve Bank of San Francisco (2010) View citations (82)
    See also Chapter (2010)
63. The European economy
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (41)
64. The financial crisis: Risks and challenges for the euro area
    Munich Reprints in Economics, University of Munich, Department of Economics

2009

65. Cross-border spillovers from fiscal stimulus
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    See also Journal Article in International Journal of Central Banking (2010)
66. Fiscal Stimulus with Spending Reversals
    IMF Working Papers, International Monetary Fund View citations (92)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (103)
    See also Journal Article in The Review of Economics and Statistics (2012)
67. France
    Munich Reprints in Economics, University of Munich, Department of Economics
68. Private equity
    Munich Reprints in Economics, University of Munich, Department of Economics
69. Should Monetary Policy React to Current Account Imbalances?
    2009 Meeting Papers, Society for Economic Dynamics View citations (4)
70. The European economy: Macroeconomic outlook and policy
    Munich Reprints in Economics, University of Munich, Department of Economics
    Also in Munich Reprints in Economics, University of Munich, Department of Economics (2006)
    Munich Reprints in Economics, University of Munich, Department of Economics (2008)
71. The financial crisis
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (12)
72. The international dimension of productivity and demand shocks in the U.S. economy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (6)
    See also Journal Article in Journal of the European Economic Association (2014)
73. What Drives US Foreign Borrowing? Evidence on External Adjustment to Transitory and Permanent Shocks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Discussion Paper Series, Department of Economics, University of Macedonia (2009) View citations (2)
    See also Journal Article in American Economic Review (2012)

2008

74. A Modern Reconsideration of the Theory of Optimal Currency Areas
    Economics Working Papers, European University Institute View citations (30)
    Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2008) View citations (31)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (30)
75. Global warming: The neglected supply side
    Munich Reprints in Economics, University of Munich, Department of Economics
76. How much real dollar depreciation is needed to correct global imbalances?
    Munich Reprints in Economics, University of Munich, Department of Economics
77. Industrial policy
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (4)
78. The EEAG Report on the European Economy 2008
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (1)
    See also Journal Article in EEAG Report on the European Economy (2008)
79. The effects of globalisation on Western European jobs: Curse or blessing?
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (1)
80. Varieties and imbalances: the extensive margins of the current account adjustment
    2008 Meeting Papers, Society for Economic Dynamics View citations (2)
81. Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in RSCAS Working Papers, European University Institute (2008) View citations (16)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (15)

2007

82. International Dimensions of Fiscal Policy Transmission
    2007 Meeting Papers, Society for Economic Dynamics View citations (4)
83. New Open Economy Macroeconomics
    RSCAS Working Papers, European University Institute View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (16)
84. Optimal Monetary Policy and the Sources of Local-Currency Price Stability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (25)
    RSCAS Working Papers, European University Institute (2007) View citations (27)
    See also Chapter (2007)
85. Productivity and the dollar
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
86. Productivity, terms of trade and the 'home market effect'
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (68)
    Also in Post-Print, HAL (2007) View citations (64)
    Post-Print, HAL (2007) View citations (2)
    See also Journal Article in Journal of International Economics (2007)
87. The EEAG Report on the European Economy 2007
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (9)
    See also Journal Article in EEAG Report on the European Economy (2007)
88. Twin Deficits, Openness and the Business Cycle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article in Journal of the European Economic Association (2008)

2006

89. Economic growth in the European Union
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (1)
90. Global imbalances
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (1)
91. Mergers and competition policy in Europe
    Munich Reprints in Economics, University of Munich, Department of Economics
92. Openness and the Case for Flexible Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
    Also in Economics Working Papers, European University Institute (2005) View citations (1)
    See also Journal Article in Research in Economics (2006)
93. Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (81)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (76)
    Economics Working Papers, European University Institute (2006) View citations (76)
    See also Chapter (2008)
94. Prospects for education policy in Europe
    Munich Reprints in Economics, University of Munich, Department of Economics

2005

95. Current Account Theory and the Dynamics of US Net Foreign Liabilities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
96. DSGE Models of High Exchange-Rate Volatility and Low Pass-Through
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (42)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (22)
    2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (13)
    Economics Working Papers, European University Institute (2005) View citations (39)
    See also Journal Article in Journal of Monetary Economics (2008)
97. International risk-sharing and the transmission of productivity shocks
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (21)
    Also in Working Paper Series, European Central Bank (2004) View citations (90)
    Economics Working Papers, European University Institute (2003) View citations (30)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (91)
    Working Papers, Federal Reserve Bank of Philadelphia (2003) View citations (48)
    See also Journal Article in Review of Economic Studies (2008)
98. Productivity Spillovers, Terms of Trade and the "Home Market Effect"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    Also in SciencePo Working papers Main, HAL (2005)
    Sciences Po publications, Sciences Po (2005) View citations (14)
    Staff Reports, Federal Reserve Bank of New York (2005) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (16)
    Working Papers, HAL (2005) View citations (13)
99. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (36)
    Staff Reports, Federal Reserve Bank of New York (2005) View citations (23)
    Economics Working Papers, European University Institute (2005) View citations (41)
    See also Chapter (2009)
100. Towards a Theory of Firm Entry and Stabilization Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
     Also in Economics Working Papers, European University Institute (2005) View citations (7)
     NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (7)
101. Twin Deficits: Squaring Theory, Evidence and Common Sense
     Economics Working Papers, European University Institute View citations (5)
     See also Journal Article in Economic Policy (2006)

2004

102. Exchange-rate fluctuations and pass-through
     2004 Meeting Papers, Society for Economic Dynamics View citations (14)
103. International Lending of Last Resort and Moral Hazard: A Model of the IMF's Catalytic Finance
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (17)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (43)
     See also Journal Article in Journal of Monetary Economics (2006)
104. The Home Market Effect and the International Transmission Mechanism
     2004 Meeting Papers, Society for Economic Dynamics View citations (1)

2003

105. Macroeconomics of International Price Discrimination
     Economics Working Papers, European University Institute View citations (20)
     Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2002) View citations (71)
     International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (42)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (55)
     Working Paper Series, European Central Bank (2002) View citations (60)
     See also Journal Article in Journal of International Economics (2005)

2002

106. International Dimensions of Optimal Monetary Policy
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (121)
     Staff Reports, Federal Reserve Bank of New York (2001) View citations (97)
     See also Journal Article in Journal of Monetary Economics (2005)
107. Self-Validating Optimum Currency Areas
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (97)
     Also in Staff Reports, Federal Reserve Bank of New York (2002) View citations (71)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (89)
108. Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (48)
     See also Journal Article in Journal of International Money and Finance (2005)

2001

109. Correlation Analysis of Financial Contagion: What One Should Know Before Running a Test
     Center Discussion Papers, Yale University, Economic Growth Center View citations (58)
     Also in Working Papers, Economic Growth Center, Yale University (2001) View citations (59)
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2001) View citations (62)
110. Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders
     FMG Discussion Papers, Financial Markets Group View citations (13)
     Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) View citations (11)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (19)
     LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) View citations (13)
     See also Journal Article in Review of Economic Studies (2004)
111. Nominal Debt and the Dynamics of Currency Crises
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
     Also in Center Discussion Papers, Yale University, Economic Growth Center (2000) View citations (4)
     Working Papers, Yale - Economic Growth Center (2000) View citations (12)
     Working Papers, Economic Growth Center, Yale University (2000) View citations (4)
112. The Role of Large Players in Currency Crises
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
     See also Chapter (2002)

1999

113. Competitive Devaluations: A Welfare-Based Approach
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
     Also in Staff Reports, Federal Reserve Bank of New York (1999) View citations (25)

1998

114. Interpreting the ERM Crisis: Country-Specific and Systemic Issues
     Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (43)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (20)
     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)
115. Paper Tigers? A Model of the Asian Crisis
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (123)
     Also in Research Paper, Federal Reserve Bank of New York (1998) View citations (75)
     See also Journal Article in European Economic Review (1999)
116. What Caused the Asian Currency and Financial Crisis?
     Working Papers, Banca Italia - Servizio di Studi View citations (273)
     Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (1998) View citations (286)
     See also Journal Article in Japan and the World Economy (1999)
117. What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (174)
118. What Caused the Asian Currency and Financial Crisis? Part II: The Policy Debate
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)

1997

119. Arbitrage mechanism leading to currency crises: a theoretical perspective
     Working Papers in Public Economics, University of Rome La Sapienza, Department of Economics and Law
120. Welfare and Macroeconomic Interdependence
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (74)
     See also Journal Article in The Quarterly Journal of Economics (2001)

1996

121. Optimal Government Spending and Taxation in Endgenous Growth Models
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
122. Policy Making and Speculative Attacks in Models of Exchange Rate Crises: A Synthesis
     Working Papers, Yale - Economic Growth Center View citations (10)

1995

123. A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
     Also in CEP Discussion Papers, Centre for Economic Performance, LSE (1995) View citations (11)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (16)
124. Pension reform and growth
     Policy Research Working Paper Series, The World Bank View citations (40)
125. Politically Motivated Fiscal Deficits: Policy Issues in Closed and Open Economies
     Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
     See also Journal Article in Economics and Politics (1997)

1992

126. A Portfolio Approach to Endogenous Growth Eaton's Model Revisited
     Working Papers, Yale - Economic Growth Center View citations (4)
127. Excessive Deficits: Sense and Nonsence in the Treaty of Maastricht
     Working Papers, Yale - Economic Growth Center View citations (17)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations (88)
128. Tax Smoothing Discretion Versus Balanced Budget Rules in the Presence of Politically Motivated Fiscal Deficits: The Design of Optimal Fiscal Rules for Europe after 1992
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
129. Taxation and Risk-Taking Once Again. (With and Without Tax Revenue Disposal)
     Working Papers, Yale - Economic Growth Center

1991

130. Fiscal Deficits, Public Debt and Government Solvency: Evidence from OECD Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
     See also Journal Article in Journal of the Japanese and International Economies (1991)
131. Household saving in developing countries: first cross-country evidence
     Policy Research Working Paper Series, The World Bank View citations (10)
     See also Journal Article in The World Bank Economic Review (1992)

1990

132. Exchange Rate Volatility in Integrating Capital Markets
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
133. TESTING FOR SOLVENCY OF PUBLIC SECTOR: AN APPLICATION TO ITALY
     Working Papers, Yale - Economic Growth Center View citations (3)

Journal Articles

2022

1. Invoicing and the dynamics of pricing-to-market: Evidence from UK export prices around the Brexit referendum
   Journal of International Economics, 2022, 135, (C) View citations (13)
   See also Working Paper (2022)
2. One Money, Many Markets
   (Fixed Rate Versus Adjustable Rate Mortgages: Evidence from Euro Area Banks)
   Journal of the European Economic Association, 2022, 20, (1), 513-548 View citations (8)
   See also Working Paper (2018)
3. Social distancing and supply disruptions in a pandemic
   Quantitative Economics, 2022, 13, (2), 681-721 View citations (6)
   See also Working Paper (2020)

2020

4. Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage
   American Economic Journal: Macroeconomics, 2020, 12, (4), 246-86 View citations (11)
   See also Working Paper (2019)
5. Liquidity and Consumption: Evidence from Three Post-earthquake Reconstruction Programs in Italy
   American Economic Journal: Macroeconomics, 2020, 12, (3), 319-46 View citations (4)
   See also Working Paper (2018)
6. Official sector lending during the euro area crisis
   The Review of International Organizations, 2020, 15, (3), 667-705 View citations (5)
7. The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis
   Open Economies Review, 2020, 31, (2), 219-236 View citations (3)
   See also Working Paper (2023)

2019

8. Macroeconomic stabilization, monetary-fiscal interactions, and Europe's monetary union
   European Journal of Political Economy, 2019, 57, (C), 22-33 View citations (16)
   See also Working Paper (2016)
9. Step away from the zero lower bound: Small open economies in a world of secular stagnation
   Journal of International Economics, 2019, 116, (C), 88-102 View citations (8)
   See also Working Paper (2017)

2017

10. Fixed on Flexible: Rethinking Exchange Rate Regimes after the Great Recession
    IMF Economic Review, 2017, 65, (3), 586-632 View citations (17)
    See also Working Paper (2017)

2016

11. Comments on “Obstfeld and Rogoff׳s international macro puzzles: a quantitative assessment” by J. Eaton, S. Kortum and B. Neiman
    Journal of Economic Dynamics and Control, 2016, 72, (C), 24-28
12. EconomicDynamics Interview: Giancarlo Corsetti on Debt dynamics
    EconomicDynamics Newsletter, 2016, 17, (1)
13. THE MYSTERY OF THE PRINTING PRESS: MONETARY POLICY AND SELF-FULFILLING DEBT CRISES
    Journal of the European Economic Association, 2016, 14, (6), 1329-1371 View citations (100)
    Also in Journal of the European Economic Association, 2016, 14, (6), 1329-1371 (2016) View citations (96)
    See also Working Paper (2016)

2015

14. Endogenous Exchange-Rate Pass-through and Self-Validating Exchange Rate Regimes
    Journal Economía Chilena (The Chilean Economy), 2015, 18, (3), 62-89 View citations (14)
    See also Chapter (2015)

2014

15. Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment
    American Economic Review, 2014, 104, (7), 2185-2209 View citations (145)
    See also Working Paper (2013)
16. Sovereign risk and belief-driven fluctuations in the euro area
    Journal of Monetary Economics, 2014, 61, (C), 53-73 View citations (82)
    See also Working Paper (2013)
17. THE INTERNATIONAL DIMENSION OF PRODUCTIVITY AND DEMAND SHOCKS IN THE US ECONOMY
    Journal of the European Economic Association, 2014, 12, (1), 153-176 View citations (69)
    See also Working Paper (2009)

2013

18. Sovereign Risk, Fiscal Policy, and Macroeconomic Stability
    Economic Journal, 2013, F99-F132 View citations (193)
    See also Working Paper (2012)
19. Varieties and the transfer problem
    Journal of International Economics, 2013, 89, (1), 1-12 View citations (58)
    See also Working Paper (2013)

2012

20. Authors: The Members of the European Economic Advisory Group at CESifo
    EEAG Report on the European Economy, 2012, 151-154
    Also in EEAG Report on the European Economy, 2011, 171-174 (2011)
21. Chapter 1: Macroeconomic Outlook
    EEAG Report on the European Economy, 2012, 17-56
    Also in EEAG Report on the European Economy, 2011, 17-69 (2011)
22. Chapter 2: The European Balance-of-Payments Problem
    EEAG Report on the European Economy, 2012, 57-82 View citations (1)
23. Chapter 3: Banking Regulation
    EEAG Report on the European Economy, 2012, 83-98
24. Chapter 4: The Swedish Model
    EEAG Report on the European Economy, 2012, 99-114 View citations (3)
25. Chapter 5: The Hungarian Crisis
    EEAG Report on the European Economy, 2012, 115-130 View citations (2)
26. Chapter 6: Pricing Climate Change
    EEAG Report on the European Economy, 2012, 131-145
27. EEAG Report on the European Economy 2012
    EEAG Report on the European Economy, 2012, 01-156 View citations (5)
28. Fiscal Stimulus with Spending Reversals
    The Review of Economics and Statistics, 2012, 94, (4), 878-895 View citations (134)
    See also Working Paper (2009)
29. Recommendations for Europe
    EEAG Report on the European Economy, 2012, 06-08
30. Summary
    EEAG Report on the European Economy, 2012, 08-16
    Also in EEAG Report on the European Economy, 2007, 3-14 (2007)
    EEAG Report on the European Economy, 2011, 9-16 (2011)
    EEAG Report on the European Economy, 2008, 3-11 (2008)
    EEAG Report on the European Economy, 2009, 3-10 (2009)
    EEAG Report on the European Economy, 2005, 3-8 (2005)
    EEAG Report on the European Economy, 2010, 3-10 (2010)
31. The international risk sharing puzzle is at business cycle and lower frequency
    Canadian Journal of Economics/Revue canadienne d'économique, 2012, 45, (2), 448-471 View citations (15)
    Also in Canadian Journal of Economics, 2012, 45, (2), 448-471 (2012) View citations (15)
    See also Working Paper (2012)
32. Traded and Nontraded Goods Prices, and International Risk Sharing: An Empirical Investigation
    NBER International Seminar on Macroeconomics, 2012, 8, (1), 403 - 466 View citations (5)
    See also Chapter (2011)
    Working Paper (2012)
33. What Drives US Foreign Borrowing? Evidence on the External Adjustment to Transitory and Permanent Shocks
    American Economic Review, 2012, 102, (2), 1062-92 View citations (26)
    See also Working Paper (2009)
34. What determines government spending multipliers?
    (Mafia and public spending: Evidence of the fiscal multiplier from a quasi-experiment’, mimeo)
    Economic Policy, 2012, 27, (72), 521-565 View citations (304)
    See also Working Paper (2012)

2011

35. Chapter 2: A New Crisis Mechanism for the Euro Area
    EEAG Report on the European Economy, 2011, 71-96 View citations (2)
36. Chapter 3: Greece
    EEAG Report on the European Economy, 2011, 97-125
37. Chapter 4: Spain
    EEAG Report on the European Economy, 2011, 127-145
38. Chapter 5: Taxation and Regulation of the Financial Sector
    EEAG Report on the European Economy, 2011, 147-169 View citations (1)
39. EEAG Report on the European Economy 2011
    EEAG Report on the European Economy, 2011, 1-176 View citations (17)
40. Floats, Pegs and the Transmission of Fiscal Policy
    Journal Economía Chilena (The Chilean Economy), 2011, 14, (2), 5-38 View citations (39)
    See also Chapter (2013)
    Working Paper (2011)
41. Foreword
    EEAG Report on the European Economy, 2011, 2
    Also in EEAG Report on the European Economy, 2005, 2 (2005)
    EEAG Report on the European Economy, 2007, 2 (2007)
    EEAG Report on the European Economy, 2004, 02 (2004)
    EEAG Report on the European Economy, 2006, 2 (2006)
    EEAG Report on the European Economy, 2008, 2 (2008)
    EEAG Report on the European Economy, 2010, 2 (2010)
    EEAG Report on the European Economy, 2009, 2 (2009)

2010

42. Authors: The members of the European Economic Advisory Group at CESifo 2010
    EEAG Report on the European Economy, 2010, 129-132
43. Chapter 1: The European Economy: Macroeconomic outlook
    EEAG Report on the European Economy, 2010, 11-51
44. Chapter 2: A trust-driven financial crisis
    EEAG Report on the European Economy, 2010, 53-70 View citations (2)
45. Chapter 3: From Fiscal Rescue to Global Debt
    EEAG Report on the European Economy, 2010, 71-100
46. Chapter 4: US adjustment needs
    EEAG Report on the European Economy, 2010, 101-110
47. Chapter 5: Implications of the crisis for the euro area
    EEAG Report on the European Economy, 2010, 11-127
48. Cross-Border Spillovers from Fiscal Stimulus
    International Journal of Central Banking, 2010, 6, (1), 5-37 View citations (64)
    See also Working Paper (2009)
49. Debt Consolidation and Fiscal Stabilization of Deep Recessions
    American Economic Review, 2010, 100, (2), 41-45 View citations (102)
    See also Working Paper (2010)
50. EEAG Report on the European Economy 2010
    EEAG Report on the European Economy, 2010, 1-140 View citations (2)
    See also Book (2010)

2009

51. Authors: The members of the European Economic Advisory Group at CESifo 2009
    EEAG Report on the European Economy, 2009, 165-168
52. Chapter 1: The European Economy: Macroeconomic Outlook and Policy
    EEAG Report on the European Economy, 2009, 11-57
    Also in EEAG Report on the European Economy, 2007, 15-58 (2007)
    EEAG Report on the European Economy, 2006, 12-49 (2006)
    EEAG Report on the European Economy, 2008, 13-60 (2008)
53. Chapter 2: The Financial Crisis
    EEAG Report on the European Economy, 2009, 59-122
54. Chapter 3: Private Equity
    EEAG Report on the European Economy, 2009, 123-140
55. Chapter 4: France
    EEAG Report on the European Economy, 2009, 141-164
56. EEAG Report on the European Economy 2009
    EEAG Report on the European Economy, 2009, 1-178 View citations (4)
57. Revised forecasting tables (25 February 2009) of Chapter 1: The European Economy: Macroeconomic Outlook and Policy
    EEAG Report on the European Economy, 2009, 1-2

2008

58. Authors: The Members of the European Economic Advisory Group at CESifo 2008
    EEAG Report on the European Economy, 2008, 141-144
59. Chapter 2: How much real dollar depreciation is needed to correct global imbalances?
    EEAG Report on the European Economy, 2008, 61-70
60. Chapter 3: The effect of globalisation on Western European jobs: curse or blessing?
    EEAG Report on the European Economy, 2008, 71-104 View citations (1)
61. Chapter 4: Industrial policy
    EEAG Report on the European Economy, 2008, 105-124
62. Chapter 5: Global warming: The neglected supply side
    EEAG Report on the European Economy, 2008, 125-139
63. EEAG Report on the European Economy 2008
    EEAG Report on the European Economy, 2008, 1-144 View citations (1)
    See also Working Paper (2008)
64. High exchange-rate volatility and low pass-through
    Journal of Monetary Economics, 2008, 55, (6), 1113-1128 View citations (167)
    See also Working Paper (2005)
65. International Risk Sharing and the Transmission of Productivity Shocks
    Review of Economic Studies, 2008, 75, (2), 443-473 View citations (458)
    See also Working Paper (2005)
66. The extensive margin and monetary policy
    Journal of Monetary Economics, 2008, 55, (7), 1222-1237 View citations (118)
67. Twin Deficits, Openness, and the Business Cycle
    Journal of the European Economic Association, 2008, 6, (2-3), 404-413 View citations (26)
    See also Working Paper (2007)

2007

68. Authors: The Members of the European Economic Advisory Group at CESifo 2007
    EEAG Report on the European Economy, 2007, 148-151
69. Chapter 2: Macroeonomic adjustment in the euro area – the cases of Ireland and Italy
    EEAG Report on the European Economy, 2007, 59-72
70. Chapter 3: The new EU members
    EEAG Report on the European Economy, 2007, 73-81
71. Chapter 4: Scandinavia today: An economic miracle?
    EEAG Report on the European Economy, 2007, 82-120
72. Chapter 5: Tax competition
    EEAG Report on the European Economy, 2007, 121-132
73. Chapter 6: Economic nationalism
    EEAG Report on the European Economy, 2007, 133-147 View citations (1)
74. EEAG Report on the European Economy 2007
    EEAG Report on the European Economy, 2007, 1-156 View citations (7)
    See also Working Paper (2007)
75. On the Welfare Implications of Financial Globalization without Financial Development [with Comments]
    NBER International Seminar on Macroeconomics, 2007, 2007, (1), 283 - 322 View citations (3)
76. Productivity, terms of trade and the `home market effect'
    Journal of International Economics, 2007, 73, (1), 99-127 View citations (76)
    See also Working Paper (2007)
77. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies [with Comments]
    NBER International Seminar on Macroeconomics, 2007, 2007, (1), 65 - 129 View citations (1)

2006

78. Authors: The Members of the European Economic Advisory Group at CESifo 2006
    EEAG Report on the European Economy, 2006, 117-120
79. Chapter 2: Global Imbalances
    EEAG Report on the European Economy, 2006, 50-67
80. Chapter 3: Economic Growth in the European Union
    EEAG Report on the European Economy, 2006, 68-88 View citations (1)
81. Chapter 4: Prospects for Education Policy in Europe
    EEAG Report on the European Economy, 2006, 89-100
82. Chapter 5: Mergers and Competition Policy in Europe
    EEAG Report on the European Economy, 2006, 101-116
83. EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2006
    EEAG Report on the European Economy, 2006, 1-120 View citations (3)
84. Executive Summary
    EEAG Report on the European Economy, 2006, 3-11
    Also in EEAG Report on the European Economy, 2004, 03-13 (2004) View citations (1)
85. Fiscal imbalances and the dynamics of currency crises
    European Economic Review, 2006, 50, (5), 1317-1338 View citations (31)
86. International lending of last resort and moral hazard: A model of IMF's catalytic finance
    Journal of Monetary Economics, 2006, 53, (3), 441-471 View citations (175)
    See also Working Paper (2004)
87. Openness and the case for flexible exchange rates
    Research in Economics, 2006, 60, (1), 1-21 View citations (28)
    See also Working Paper (2006)
88. Productivity, External Balance, and Exchange Rates: Evidence on the Transmission Mechanism among G7 Countries [with Comments]
    NBER International Seminar on Macroeconomics, 2006, 2006, (1), 117 - 194 View citations (2)
89. Twin deficits: squaring theory, evidence and common sense
    (Temporary and permanent government spending in an open economy: some evidence for the United Kingdom)
    Economic Policy, 2006, 21, (48), 598-638 View citations (161)
    See also Working Paper (2005)

2005

90. 'Some contagion, some interdependence': More pitfalls in tests of financial contagion
    Journal of International Money and Finance, 2005, 24, (8), 1177-1199 View citations (368)
    See also Working Paper (2002)
91. A macroeconomic model of international price discrimination
    Journal of International Economics, 2005, 67, (1), 129-155 View citations (250)
    See also Working Paper (2003)
92. Chapter 1: The European Economy: Current Situation and Economic Outlook for 2005
    EEAG Report on the European Economy, 2005, 9-38
93. Chapter 2: Outsourcing
    EEAG Report on the European Economy, 2005, 39-50
94. Chapter 3: Longer Working Hours - the Beginning of a new Trend?
    EEAG Report on the European Economy, 2005, 51-68
95. Chapter 4: Pensions and Children
    EEAG Report on the European Economy, 2005, 69-101 View citations (1)
96. Chapter 5: House Prices in Europe
    EEAG Report on the European Economy, 2005, 102-112
97. EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2005
    EEAG Report on the European Economy, 2005, 1-116 View citations (3)
98. International dimensions of optimal monetary policy
    Journal of Monetary Economics, 2005, 52, (2), 281-305 View citations (319)
    See also Working Paper (2002)
99. The Members of the European Economic Advisory Group at CESifo 2005
    EEAG Report on the European Economy, 2005, 113-116 View citations (2)

2004

100. Acceding Countries: The Road to the Euro
     EEAG Report on the European Economy, 2004, 119-136
101. Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders
     Review of Economic Studies, 2004, 71, (1), 87-113 View citations (155)
     See also Working Paper (2001)
102. EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2004
     EEAG Report on the European Economy, 2004, 1-148 View citations (8)
103. Labour Market Reform in Europe
     EEAG Report on the European Economy, 2004, 49-60
104. Pay-setting Systems in Europe: On-going Development and Possible Reforms
     EEAG Report on the European Economy, 2004, 61-83 View citations (2)
105. The 2004 Enlargement: Key Economic Issues
     EEAG Report on the European Economy, 2004, 96-118
106. The Economics of Discrimination: Equity, Equality and Diversity in the New European Constitution
     EEAG Report on the European Economy, 2004, 84-95
107. The European Economy: Current Situation and Economic Outlook
     EEAG Report on the European Economy, 2004, 14-48
     Also in EEAG Report on the European Economy, 2002, 6-26 (2002)
     EEAG Report on the European Economy, 2003, 13-45 (2003)
108. The Members of the European Advisory Group at CESifo 2004
     EEAG Report on the European Economy, 2004, 137-142

2003

109. EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2003
     EEAG Report on the European Economy, 2003, 1-140 View citations (9)
110. Financial Architecture
     EEAG Report on the European Economy, 2003, 98-117 View citations (2)
111. Fiscal Policy and Macroeconomic Stabilisation in the Euro Area: Possible Reforms of the Stability and Growth Pact and National Decision-Making-Processes
     EEAG Report on the European Economy, 2003, 46-75 View citations (2)
112. How to Reform Europe’s Fiscal Policy Framework
     World Economics, 2003, 4, (1), 109-116 View citations (10)
113. Introduction: Foreword, Executive Summary
     EEAG Report on the European Economy, 2003, 2-12
114. Rethinking Subsidiarity in the EU: Economic Principles
     EEAG Report on the European Economy, 2003, 76-97 View citations (1)
115. Should We Worry about the Brain Drain?
     EEAG Report on the European Economy, 2003, 118-130 View citations (1)
116. The Members of the European Economic Advisory Group at CESifo 2003
     EEAG Report on the European Economy, 2003, 131-136 View citations (1)

2002

117. Book review: Comparing Financial Systems, by Franklin Allen and Douglas Gale, Cambridge and London: MIT Press, 2000
     Journal of International Economics, 2002, 58, (1), 233-237
118. CAP Reform
     EEAG Report on the European Economy, 2002, 87-91
119. EEAG European Economic Advisory Group at CESifo: Report on the European Economy 2002
     EEAG Report on the European Economy, 2002, 1-99 View citations (9)
120. Fiscal and Monetary Policy
     EEAG Report on the European Economy, 2002, 42-47 View citations (1)
121. Growth and Productivity
     EEAG Report on the European Economy, 2002, 57-70 View citations (1)
122. Introduction; Executive Summary
     EEAG Report on the European Economy, 2002, 2-5
123. More Aid—Making It Work for the Poor
     World Economics, 2002, 3, (4), 131-146 View citations (5)
124. Prices, Wages and Inflation after the Euro - What Europeans Shoud or Should not Expect
     EEAG Report on the European Economy, 2002, 48-56
125. The Members of the European Economic Advisory Group at CESifo 2002
     EEAG Report on the European Economy, 2002, 92-95
126. The Weakness of the Euro: Is it Really a Mystery?
     EEAG Report on the European Economy, 2002, 27-42
127. Welfare to Work
     EEAG Report on the European Economy, 2002, 71-86 View citations (7)

2001

128. Welfare and Macroeconomic Interdependence
     The Quarterly Journal of Economics, 2001, 116, (2), 421-445 View citations (574)
     See also Working Paper (1997)

2000

129. Competitive devaluations: toward a welfare-based approach
     Journal of International Economics, 2000, 51, (1), 217-241 View citations (91)
130. Shadow rates and multiple equilibria in the theory of currency crises
     Journal of International Economics, 2000, 51, (2), 275-286 View citations (17)

1999

131. Paper tigers?: A model of the Asian crisis
     European Economic Review, 1999, 43, (7), 1211-1236 View citations (258)
     See also Working Paper (1998)
132. Stability, Asymmetry, and Discontinuity: The Launch of European Monetary Union
     Brookings Papers on Economic Activity, 1999, 30, (2), 295-372 View citations (49)
133. What caused the Asian currency and financial crisis?
     Japan and the World Economy, 1999, 11, (3), 305-373 View citations (443)
     See also Working Paper (1998)

1997

134. A portfolio approach to endogenous growth: equilibrium and optimal policy
     Journal of Economic Dynamics and Control, 1997, 21, (10), 1627-1644 View citations (51)
135. Politically Motivated Fiscal Deficits: Policy Issues in Closed and Open Economies
     Economics and Politics, 1997, 9, (1), 27-54 View citations (15)
     See also Working Paper (1995)
136. Yield-curve movements and fiscal retrenchments
     European Economic Review, 1997, 41, (9), 1675-1685 View citations (5)

1996

137. Budget deficits, public sector solvency and political biases in fiscal policy: a case study of Finland
     Finnish Economic Papers, 1996, 9, (1), 18-36 View citations (8)
138. European versus American Perspectives on Balanced-Budget Rules
     American Economic Review, 1996, 86, (2), 408-13 View citations (36)

1992

139. Household Saving in Developing Countries: First Cross-Country Evidence
     The World Bank Economic Review, 1992, 6, (3), 529-47 View citations (78)
     See also Working Paper (1991)

1991

140. Fiscal deficits, public debt, and government solvency: Evidence from OECD countries
     Journal of the Japanese and International Economies, 1991, 5, (4), 354-380 View citations (66)
     See also Working Paper (1991)

Books

2010

1. EEAG Report on the European Economy 2010
   Monographs in Economics, University of Munich, Department of Economics View citations (3)
   See also Journal Article in EEAG Report on the European Economy (2010)

2001

2. 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)

Chapters

2020

1. Emerging market currency risk around ‘global disasters’: Evidence from the Global Financial Crisis and the COVID-19 crisis
   Chapter 1 in COVID-19 in Developing Economies, 2020, vol. 1, pp 342-352 View citations (5)
2. Maturity, seniority and size: Make sure the ESM’s pandemic crisis support is fit for purpose!
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 147-155 View citations (1)
3. Perpetual bonds are not the best way to finance the European Recovery Fund
   Chapter 1 in Europe in the Time of Covid-19, 2020, vol. 1, pp 221-229 View citations (2)

2015

4. Endogenous Exchange-Rate Pass-Through and Self-Validating Exchange Rate Regimes
   Chapter 11 in Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, 2015, vol. 21, pp 229-261 View citations (9)
   See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2015)

2013

5. Floats, Pegs and the Transmission of Fiscal Policy
   Chapter 7 in Fiscal Policy and Macroeconomic Performance, 2013, vol. 17, pp 235-281 View citations (15)
   See also Working Paper (2011)
   Journal Article in Journal Economía Chilena (The Chilean Economy) (2011)
6. Multilateral Economic Cooperation and the International Transmission of Fiscal Policy
   A chapter in Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century, 2013, pp 257-297 View citations (12)
   See also Working Paper (2012)

2012

7. The ‘hoc’ of international macroeconomics after the crisis
   Chapter 3 in What’s Right with Macroeconomics?, 2012, pp 68-89

2011

8. Traded and Nontraded Goods Prices and International Risk Sharing: An Empirical Investigation
   A chapter in NBER International Seminar on Macroeconomics 2011, 2011, pp 403-466 View citations (8)
   See also Working Paper (2012)
   Journal Article in NBER International Seminar on Macroeconomics (2012)

2010

9. Optimal Monetary Policy in Open Economies
   Chapter 16 in Handbook of Monetary Economics, 2010, vol. 3, pp 861-933 View citations (228)
   See also Working Paper (2010)

2009

10. Comment on "On the Welfare Implications of Financial Globalization without Financial Development"
    A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 313-318 View citations (1)
11. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
    A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 65-116 View citations (11)
    See also Working Paper (2005)

2008

12. Productivity, External Balance, and Exchange Rates: Evidence on the Transmission Mechanism among G7 Countries
    A chapter in NBER International Seminar on Macroeconomics 2006, 2008, pp 117-194 View citations (14)
    See also Working Paper (2006)

2007

13. Optimal Monetary Policy and the Sources of Local-Currency Price Stability
    A chapter in International Dimensions of Monetary Policy, 2007, pp 319-367 View citations (28)
    See also Working Paper (2007)

2002

14. The Role of Large Players in Currency Crises
    A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 197-268 View citations (19)
    See also Working Paper (2001)

2001

15. Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances
    A chapter in Regional and Global Capital Flows: Macroeconomic Causes and Consequences, 2001, pp 11-41 View citations (16)