Details about Giancarlo Corsetti

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 2025-03-14. 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
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (1)
   Also in RSCAS Working Papers, European University Institute (2023) View citations (1)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (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
   Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley
   Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2023)
   Working Paper Series, Federal Reserve Bank of San Francisco (2019) View citations (1)
   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 (4)
   See also Journal Article 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, Springer (2020) View citations (4) (2020)
6. The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?
   RSCAS Working Papers, European University Institute View citations (6)
   Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2020) View citations (6)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (8)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (8)
   Discussion Papers, Centre for Macroeconomics (CFM) (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 Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (1)
   Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (3)
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2020) View citations (3)
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 Invoicing and the dynamics of pricing-to-market: Evidence from UK export prices around the Brexit referendum, Journal of International Economics, Elsevier (2022) View citations (22) (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
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
    Also in Janeway Institute Working Papers, Faculty of Economics, University of Cambridge (2021)
11. Lessons of Keynes’s Economic Consequences in a Turbulent Century
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
12. 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)
13. 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.)
14. The Exchange Rate Insulation Puzzle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in Working Paper Series, European Central Bank (2021) View citations (13)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2021) View citations (13)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2021) View citations (14)

2020

15. 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 (5)
    Also in Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (5)
16. Debt Crises, Fast and Slow
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
    Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (1)
17. Invoicing and Pricing-to-market: Evidence on international pricing by UK exporters
    Working Papers, University of Liverpool, Department of Economics View citations (4)
18. One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in IMF Working Papers, International Monetary Fund (2020) View citations (2)
19. Social Distancing and Supply Disruptions in a Pandemic
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (97)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2020) View citations (92)
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2020) View citations (50)
    Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (41)
    See also Journal Article Social distancing and supply disruptions in a pandemic, Quantitative Economics, Econometric Society (2022) View citations (16) (2022)
20. 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 Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2020) View citations (3)
    Discussion Papers, Centre for Macroeconomics (CFM) (2020) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (3)

2019

21. Asset Prices and Risk Sharing. The Valuation Effects of Capital Market Integration
    2019 Meeting Papers, Society for Economic Dynamics View citations (4)
22. Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    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 Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage, American Economic Journal: Macroeconomics, American Economic Association (2020) View citations (16) (2020)
23. 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 Working Paper Series, European Central Bank (2019) View citations (1)
    Discussion Papers, Centre for Macroeconomics (CFM) (2019) View citations (1)
24. 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 Discussion Papers, Centre for Macroeconomics (CFM) (2018) View citations (14)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) View citations (12)
25. The Euro Crisis in the Mirror of the EMS
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2019) View citations (1)

2018

26. Debt Seniority and Sovereign Debt Crises
    IMF Working Papers, International Monetary Fund View citations (5)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2018) View citations (5)
27. Debt Sustainability and the Terms of Official Support
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (28)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (28)
28. Exchange Rate Misalignment, Capital Flows, and Optimal Monetary Policy Trade-off
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (21)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2018) View citations (21)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (22)
29. 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 Liquidity and Consumption: Evidence from Three Post-earthquake Reconstruction Programs in Italy, American Economic Journal: Macroeconomics, American Economic Association (2020) View citations (5) (2020)
30. Markets and Markups: Evidence on the Rising Market Power of Exporters from China
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (14)
31. One Money, Many Markets
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (41)
    See also Journal Article One Money, Many Markets, Journal of the European Economic Association, European Economic Association (2022) View citations (14) (2022)
32. 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

33. Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (19)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2017) View citations (17)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (18)
    See also Journal Article Fixed on Flexible: Rethinking Exchange Rate Regimes after the Great Recession, IMF Economic Review, Palgrave Macmillan (2017) View citations (18) (2017)
34. 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 (13)
35. Internal Devaluation and Macroeconomic Adjustment: Lessons from the Great Recession in the US
    2017 Meeting Papers, Society for Economic Dynamics
36. Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
37. Official Sector Lending Strategies During the Euro Area Crisis
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (11)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (10)
    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)
38. Step away from the zero lower bound: Small open economies in a world of secular stagnation
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
    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)
    Discussion Papers, Centre for Macroeconomics (CFM) (2017) View citations (10)
    See also Journal Article Step away from the zero lower bound: Small open economies in a world of secular stagnation, Journal of International Economics, Elsevier (2019) View citations (8) (2019)

2016

39. COEURE Survey: Fiscal and Monetary Policies after the Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
40. Macroeconomic Stabilization, Monetary-fiscal Interactions, and Europe’s monetary Union
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (13)
    Also in Working Paper Series, European Central Bank (2016) View citations (17)
    See also Journal Article Macroeconomic stabilization, monetary-fiscal interactions, and Europe's monetary union, European Journal of Political Economy, Elsevier (2019) View citations (20) (2019)
41. The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (96)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) View citations (4)
    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 (18)
    Discussion Papers, Centre for Macroeconomics (CFM) (2014) View citations (20)
    See also Journal Article THE MYSTERY OF THE PRINTING PRESS: MONETARY POLICY AND SELF-FULFILLING DEBT CRISES, Journal of the European Economic Association, European Economic Association (2016) View citations (114) (2016)
42. The Case for Flexible Exchange Rates in a Great Recession
    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 (2016) View citations (10)

2015

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

2013

44. 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 (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (11)
45. 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 (53)
    See also Journal Article Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment, American Economic Review, American Economic Association (2014) View citations (164) (2014)
46. 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 Sovereign risk and belief-driven fluctuations in the euro area, Journal of Monetary Economics, Elsevier (2014) View citations (84) (2014)
47. Varieties and the transfer problem
    Post-Print, HAL View citations (52)
    Also in SciencePo Working papers Main, HAL (2013) View citations (4)
    See also Journal Article Varieties and the transfer problem, Journal of International Economics, Elsevier (2013) View citations (60) (2013)

2012

48. 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 Multilateral Economic Cooperation and the International Transmission of Fiscal Policy, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (14) (2013)
49. Sovereign Risk, Fiscal Policy, and Macroeconomic Stability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (53)
    Also in IMF Working Papers, International Monetary Fund (2012) View citations (48)
    See also Journal Article Sovereign Risk, Fiscal Policy, and Macroeconomic Stability, Economic Journal, Royal Economic Society (2013) View citations (215) (2013)
50. The international risk-sharing puzzle is at business-cycle and lower frequency
    Working Papers, Banco de España View citations (17)
    Also in Economics Working Papers, European University Institute (2011) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (10)
    See also Journal Article The international risk sharing puzzle is at business cycle and lower frequency, Canadian Journal of Economics, Canadian Economics Association (2012) View citations (17) (2012)
51. 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 Traded and Nontraded Goods Prices, and International Risk Sharing: An Empirical Investigation, NBER International Seminar on Macroeconomics, University of Chicago Press (2012) View citations (5) (2012)
    Chapter Traded and Nontraded Goods Prices and International Risk Sharing: An Empirical Investigation, NBER Chapters, National Bureau of Economic Research, Inc (2011) View citations (8) (2011)
52. What Determines Government Spending Multipliers?
    IMF Working Papers, International Monetary Fund View citations (335)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (344)
    See also Journal Article What determines government spending multipliers?, Economic Policy, CEPR, CESifo, Sciences Po (2012) View citations (323) (2012)

2011

53. A new crisis mechanism for the euro area
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (8)
54. Floats, Pegs and the Transmission of Fiscal Policy
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (40)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (43)
    Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (18)
    See also Journal Article Floats, Pegs and the Transmission of Fiscal Policy, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2011) View citations (40) (2011)
    Chapter Floats, Pegs and the Transmission of Fiscal Policy, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2013) View citations (15) (2013)
55. Greece
    Munich Reprints in Economics, University of Munich, Department of Economics
56. Macroeconomic outlook
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (3)
57. Soverign risk and the effects of fiscal retrenchment in deep recessions
    Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
58. Spain
    Munich Reprints in Economics, University of Munich, Department of Economics
59. Taxation and regulation of the financial sector
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (2)

2010

60. A trust-driven financial crisis. Implications for the future of financial markets
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (29)
61. 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 (100)
    See also Journal Article Debt Consolidation and Fiscal Stabilization of Deep Recessions, American Economic Review, American Economic Association (2010) View citations (104) (2010)
62. From fiscal rescue to global debt
    Munich Reprints in Economics, University of Munich, Department of Economics
63. Implications of the crisis for US adjustment needs
    Munich Reprints in Economics, University of Munich, Department of Economics
64. Optimal monetary policy in open economies
    Economics Working Papers, European University Institute View citations (243)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (234)
    Working Paper Series, Federal Reserve Bank of San Francisco (2010) View citations (82)
    See also Chapter Optimal Monetary Policy in Open Economies, Handbook of Monetary Economics, Elsevier (2010) View citations (228) (2010)
65. The European economy
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (40)
66. The financial crisis: Risks and challenges for the euro area
    Munich Reprints in Economics, University of Munich, Department of Economics

2009

67. Cross-border spillovers from fiscal stimulus
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    See also Journal Article Cross-Border Spillovers from Fiscal Stimulus, International Journal of Central Banking, International Journal of Central Banking (2010) View citations (65) (2010)
68. 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 (104)
    See also Journal Article Fiscal Stimulus with Spending Reversals, The Review of Economics and Statistics, MIT Press (2012) View citations (143) (2012)
69. France
    Munich Reprints in Economics, University of Munich, Department of Economics
70. Private equity
    Munich Reprints in Economics, University of Munich, Department of Economics
71. Should Monetary Policy React to Current Account Imbalances?
    2009 Meeting Papers, Society for Economic Dynamics View citations (4)
72. 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 (2008)
    Munich Reprints in Economics, University of Munich, Department of Economics (2006)
73. The financial crisis
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (12)
74. 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 THE INTERNATIONAL DIMENSION OF PRODUCTIVITY AND DEMAND SHOCKS IN THE US ECONOMY, Journal of the European Economic Association, European Economic Association (2014) View citations (75) (2014)
75. 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 What Drives US Foreign Borrowing? Evidence on the External Adjustment to Transitory and Permanent Shocks, American Economic Review, American Economic Association (2012) View citations (28) (2012)

2008

76. A Modern Reconsideration of the Theory of Optimal Currency Areas
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (29)
    Also in Economics Working Papers, European University Institute (2008) View citations (30)
    European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2008) View citations (30)
77. Global warming: The neglected supply side
    Munich Reprints in Economics, University of Munich, Department of Economics
78. How much real dollar depreciation is needed to correct global imbalances?
    Munich Reprints in Economics, University of Munich, Department of Economics
79. Industrial policy
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (4)
80. 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 EEAG Report on the European Economy 2008, EEAG Report on the European Economy, CESifo (2008) View citations (1) (2008)
81. The effects of globalisation on Western European jobs: Curse or blessing?
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (1)
82. Varieties and imbalances: the extensive margins of the current account adjustment
    2008 Meeting Papers, Society for Economic Dynamics View citations (2)
83. Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
    RSCAS Working Papers, European University Institute View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (19)

2007

84. International Dimensions of Fiscal Policy Transmission
    2007 Meeting Papers, Society for Economic Dynamics View citations (5)
85. New Open Economy Macroeconomics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in RSCAS Working Papers, European University Institute (2007) View citations (16)
86. Optimal Monetary Policy and the Sources of Local-Currency Price Stability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (24)
    RSCAS Working Papers, European University Institute (2007) View citations (26)
    See also Chapter Optimal Monetary Policy and the Sources of Local-Currency Price Stability, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (29) (2007)
87. Productivity and the dollar
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
88. 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 (2)
    Post-Print, HAL (2007) View citations (64)
    See also Journal Article Productivity, terms of trade and the `home market effect', Journal of International Economics, Elsevier (2007) View citations (76) (2007)
89. 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 EEAG Report on the European Economy 2007, EEAG Report on the European Economy, CESifo (2007) View citations (7) (2007)
90. Twin Deficits, Openness and the Business Cycle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    See also Journal Article Twin Deficits, Openness, and the Business Cycle, Journal of the European Economic Association, MIT Press (2008) View citations (28) (2008)

2006

91. Economic growth in the European Union
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (1)
92. Global imbalances
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (1)
93. Mergers and competition policy in Europe
    Munich Reprints in Economics, University of Munich, Department of Economics
94. Openness and the Case for Flexible Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    Also in Economics Working Papers, European University Institute (2005) View citations (1)
    See also Journal Article Openness and the case for flexible exchange rates, Research in Economics, Elsevier (2006) View citations (28) (2006)
95. 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 Productivity, External Balance, and Exchange Rates: Evidence on the Transmission Mechanism among G7 Countries, NBER Chapters, National Bureau of Economic Research, Inc (2008) View citations (14) (2008)
96. Prospects for education policy in Europe
    Munich Reprints in Economics, University of Munich, Department of Economics

2005

97. Current Account Theory and the Dynamics of US Net Foreign Liabilities
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
98. DSGE Models of High Exchange-Rate Volatility and Low Pass-Through
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (43)
    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 High exchange-rate volatility and low pass-through, Journal of Monetary Economics, Elsevier (2008) View citations (172) (2008)
99. 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 CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (91)
    Economics Working Papers, European University Institute (2003) View citations (30)
    Working Paper Series, European Central Bank (2004) View citations (90)
    Working Papers, Federal Reserve Bank of Philadelphia (2003) View citations (48)
    See also Journal Article International Risk Sharing and the Transmission of Productivity Shocks, The Review of Economic Studies, Review of Economic Studies Ltd (2008) View citations (480) (2008)
100. Productivity Spillovers, Terms of Trade and the "Home Market Effect"
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
     Also in Staff Reports, Federal Reserve Bank of New York (2005) View citations (9)
     SciencePo Working papers Main, HAL (2005)
     Working Papers, HAL (2005) View citations (13)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (16)
101. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (37)
     Also in Staff Reports, Federal Reserve Bank of New York (2005) View citations (24)
     Economics Working Papers, European University Institute (2005) View citations (41)
     NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (50)
     See also Chapter The Simple Geometry of Transmission and Stabilization in Closed and Open Economies, NBER Chapters, National Bureau of Economic Research, Inc (2009) View citations (11) (2009)
102. Towards a Theory of Firm Entry and Stabilization Policy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (7)
     Economics Working Papers, European University Institute (2005) View citations (7)
103. Twin Deficits: Squaring Theory, Evidence and Common Sense
     Economics Working Papers, European University Institute View citations (5)
     See also Journal Article Twin deficits: squaring theory, evidence and common sense, Economic Policy, CEPR, CESifo, Sciences Po (2006) View citations (168) (2006)

2004

104. Exchange-rate fluctuations and pass-through
     2004 Meeting Papers, Society for Economic Dynamics View citations (14)
105. 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 International lending of last resort and moral hazard: A model of IMF's catalytic finance, Journal of Monetary Economics, Elsevier (2006) View citations (181) (2006)
106. The Home Market Effect and the International Transmission Mechanism
     2004 Meeting Papers, Society for Economic Dynamics View citations (2)

2003

107. Macroeconomics of International Price Discrimination
     Economics Working Papers, European University Institute View citations (20)
     Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (55)
     Working Paper Series, European Central Bank (2002) View citations (60)
     International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (42)
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (2002) View citations (71)
     See also Journal Article A macroeconomic model of international price discrimination, Journal of International Economics, Elsevier (2005) View citations (260) (2005)

2002

108. 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 (123)
     Staff Reports, Federal Reserve Bank of New York (2001) View citations (95)
     See also Journal Article International dimensions of optimal monetary policy, Journal of Monetary Economics, Elsevier (2005) View citations (333) (2005)
109. Self-Validating Optimum Currency Areas
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (89)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (97)
     Staff Reports, Federal Reserve Bank of New York (2002) View citations (70)
110. 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 'Some contagion, some interdependence': More pitfalls in tests of financial contagion, Journal of International Money and Finance, Elsevier (2005) View citations (382) (2005)

2001

111. 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 (61)
112. 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 CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (17)
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) View citations (9)
     LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) View citations (13)
     See also Journal Article Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders, The Review of Economic Studies, Review of Economic Studies Ltd (2004) View citations (160) (2004)
113. 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)
114. The Role of Large Players in Currency Crises
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
     See also Chapter The Role of Large Players in Currency Crises, NBER Chapters, National Bureau of Economic Research, Inc (2002) View citations (19) (2002)

1999

115. 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

116. 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 CEP Discussion Papers, Centre for Economic Performance, LSE (1997) View citations (2)
     LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1997) View citations (2)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (20)
117. 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 (78)
     See also Journal Article Paper tigers?: A model of the Asian crisis, European Economic Review, Elsevier (1999) View citations (260) (1999)
118. What Caused the Asian Currency and Financial Crisis?
     Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (286)
     Also in Working Papers, Banca Italia - Servizio di Studi (1998) View citations (273)
     See also Journal Article What caused the Asian currency and financial crisis?, Japan and the World Economy, Elsevier (1999) View citations (442) (1999)
119. 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)
120. 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

121. Arbitrage mechanism leading to currency crises: a theoretical perspective
     Working Papers in Public Economics, Department of Economics and Law, Sapienza University of Roma
122. Welfare and Macroeconomic Interdependence
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (75)
     See also Journal Article Welfare and Macroeconomic Interdependence, The Quarterly Journal of Economics, President and Fellows of Harvard College (2001) View citations (586) (2001)

1996

123. Optimal Government Spending and Taxation in Endgenous Growth Models
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
124. Policy Making and Speculative Attacks in Models of Exchange Rate Crises: A Synthesis
     Working Papers, Yale - Economic Growth Center View citations (10)

1995

125. 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)
126. Pension reform and growth
     Policy Research Working Paper Series, The World Bank View citations (40)
127. 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 Politically Motivated Fiscal Deficits: Policy Issues in Closed and Open Economies, Economics and Politics, Wiley Blackwell (1997) View citations (15) (1997)

1992

128. A Portfolio Approach to Endogenous Growth Eaton's Model Revisited
     Working Papers, Yale - Economic Growth Center View citations (4)
129. 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)
130. 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)
131. Taxation and Risk-Taking Once Again. (With and Without Tax Revenue Disposal)
     Working Papers, Yale - Economic Growth Center

1991

132. Fiscal Deficits, Public Debt and Government Solvency: Evidence from OECD Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
     See also Journal Article Fiscal deficits, public debt, and government solvency: Evidence from OECD countries, Journal of the Japanese and International Economies, Elsevier (1991) View citations (67) (1991)
133. Household saving in developing countries: first cross-country evidence
     Policy Research Working Paper Series, The World Bank View citations (10)
     See also Journal Article Household Saving in Developing Countries: First Cross-Country Evidence, The World Bank Economic Review, World Bank (1992) View citations (79) (1992)

1990

134. Exchange Rate Volatility in Integrating Capital Markets
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
135. 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 (22)
   See also Working Paper Invoicing and the Dynamics of Pricing-to-Market: Evidence from UK Export Prices around the Brexit Referendum, CEPR Discussion Papers (2022) View citations (11) (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 (14)
   See also Working Paper One Money, Many Markets, Discussion Papers (2018) View citations (41) (2018)
3. Social distancing and supply disruptions in a pandemic
   Quantitative Economics, 2022, 13, (2), 681-721 View citations (16)
   See also Working Paper Social Distancing and Supply Disruptions in a Pandemic, CEPR Discussion Papers (2020) View citations (97) (2020)

2020

4. Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage
   American Economic Journal: Macroeconomics, 2020, 12, (4), 246-86 View citations (16)
   See also Working Paper Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage, NBER Working Papers (2019) View citations (11) (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 (5)
   See also Working Paper Liquidity and Consumption. Evidence from three Post-earthquakes Reconstruction Programs in Italy, CSEF Working Papers (2018) View citations (1) (2018)
6. Official sector lending during the euro area crisis
   The Review of International Organizations, 2020, 15, (3), 667-705 View citations (6)
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 (4)
   See also Working Paper The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis, Department of Economics, Working Paper Series (2023) (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 (20)
   See also Working Paper Macroeconomic Stabilization, Monetary-fiscal Interactions, and Europe’s monetary Union, Cambridge Working Papers in Economics (2016) View citations (13) (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 Step away from the zero lower bound: Small open economies in a world of secular stagnation, LSE Research Online Documents on Economics (2017) (2017)

2017

10. Fixed on Flexible: Rethinking Exchange Rate Regimes after the Great Recession
    IMF Economic Review, 2017, 65, (3), 586-632 View citations (18)
    See also Working Paper Fixed on Flexible Rethinking Exchange Rate Regimes after the Great Recession, Discussion Papers (2017) View citations (19) (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 (114)
    Also in Journal of the European Economic Association, 2016, 14, (6), 1329-1371 (2016) View citations (110)
    See also Working Paper The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises, CEPR Discussion Papers (2016) View citations (96) (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 Endogenous Exchange-Rate Pass-Through and Self-Validating Exchange Rate Regimes, Central Banking, Analysis, and Economic Policies Book Series, 2015, 21, 229-261 (2015) View citations (9) (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 (164)
    See also Working Paper Mafia and Public Spending: Evidence on the Fiscal Multiplier from a Quasi-experiment, CSEF Working Papers (2013) View citations (6) (2013)
16. Sovereign risk and belief-driven fluctuations in the euro area
    Journal of Monetary Economics, 2014, 61, (C), 53-73 View citations (84)
    See also Working Paper Sovereign Risk and Belief-Driven Fluctuations in the Euro Area, IMF Working Papers (2013) View citations (9) (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 (75)
    See also Working Paper The international dimension of productivity and demand shocks in the U.S. economy, Working Paper Series (2009) View citations (11) (2009)

2013

18. Sovereign Risk, Fiscal Policy, and Macroeconomic Stability
    Economic Journal, 2013, F99-F132 View citations (215)
    See also Working Paper Sovereign Risk, Fiscal Policy, and Macroeconomic Stability, CEPR Discussion Papers (2012) View citations (53) (2012)
19. Varieties and the transfer problem
    Journal of International Economics, 2013, 89, (1), 1-12 View citations (60)
    See also Working Paper Varieties and the transfer problem, Post-Print (2013) View citations (52) (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 (3)
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 (143)
    See also Working Paper Fiscal Stimulus with Spending Reversals, IMF Working Papers (2009) View citations (92) (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, 2009, 3-10 (2009)
    EEAG Report on the European Economy, 2010, 3-10 (2010)
    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, 2005, 3-8 (2005)
    EEAG Report on the European Economy, 2008, 3-11 (2008)
31. The international risk sharing puzzle is at business cycle and lower frequency
    Canadian Journal of Economics, 2012, 45, (2), 448-471 View citations (17)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2012, 45, (2), 448-471 (2012) View citations (17)
    See also Working Paper The international risk-sharing puzzle is at business-cycle and lower frequency, Working Papers (2012) View citations (17) (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 Traded and Nontraded Goods Prices and International Risk Sharing: An Empirical Investigation, NBER Chapters, 2011, 403-466 (2011) View citations (8) (2011)
    Working Paper Traded and nontraded goods prices, and international risk sharing: an empirical investigation, Working Papers (2012) View citations (4) (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 (28)
    See also Working Paper What Drives US Foreign Borrowing? Evidence on External Adjustment to Transitory and Permanent Shocks, CEPR Discussion Papers (2009) View citations (1) (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 (323)
    See also Working Paper What Determines Government Spending Multipliers?, IMF Working Papers (2012) View citations (335) (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 (40)
    See also Working Paper Floats, Pegs and the Transmission of Fiscal Policy, Working Papers Central Bank of Chile (2011) View citations (40) (2011)
    Chapter Floats, Pegs and the Transmission of Fiscal Policy, Central Banking, Analysis, and Economic Policies Book Series, 2013, 17, 235-281 (2013) View citations (15) (2013)
41. Foreword
    EEAG Report on the European Economy, 2011, 2
    Also in EEAG Report on the European Economy, 2009, 2 (2009)
    EEAG Report on the European Economy, 2005, 2 (2005)
    EEAG Report on the European Economy, 2008, 2 (2008)
    EEAG Report on the European Economy, 2007, 2 (2007)
    EEAG Report on the European Economy, 2004, 02 (2004)
    EEAG Report on the European Economy, 2010, 2 (2010)
    EEAG Report on the European Economy, 2006, 2 (2006)

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 (65)
    See also Working Paper Cross-border spillovers from fiscal stimulus, CEPR Discussion Papers (2009) View citations (14) (2009)
49. Debt Consolidation and Fiscal Stabilization of Deep Recessions
    American Economic Review, 2010, 100, (2), 41-45 View citations (104)
    See also Working Paper Debt Consolidation and Fiscal Stabilization of Deep Recessions, Economics Working Papers (2010) View citations (93) (2010)
50. EEAG Report on the European Economy 2010
    EEAG Report on the European Economy, 2010, 1-140 View citations (2)
    See also Book EEAG Report on the European Economy 2010, Monographs in Economics (2010) View citations (3) (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, 2008, 13-60 (2008)
    EEAG Report on the European Economy, 2006, 12-49 (2006)
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 The EEAG Report on the European Economy 2008, Munich Reprints in Economics (2008) View citations (1) (2008)
64. High exchange-rate volatility and low pass-through
    Journal of Monetary Economics, 2008, 55, (6), 1113-1128 View citations (172)
    See also Working Paper DSGE Models of High Exchange-Rate Volatility and Low Pass-Through, CEPR Discussion Papers (2005) View citations (43) (2005)
65. International Risk Sharing and the Transmission of Productivity Shocks
    The Review of Economic Studies, 2008, 75, (2), 443-473 View citations (480)
    See also Working Paper International risk-sharing and the transmission of productivity shocks, International Finance Discussion Papers (2005) View citations (21) (2005)
66. The extensive margin and monetary policy
    Journal of Monetary Economics, 2008, 55, (7), 1222-1237 View citations (124)
67. Twin Deficits, Openness, and the Business Cycle
    Journal of the European Economic Association, 2008, 6, (2-3), 404-413 View citations (28)
    See also Working Paper Twin Deficits, Openness and the Business Cycle, CEPR Discussion Papers (2007) View citations (3) (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 The EEAG Report on the European Economy 2007, Munich Reprints in Economics (2007) View citations (9) (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 (5)
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 Productivity, terms of trade and the 'home market effect', Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) (2007) View citations (68) (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 (4)
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 (33)
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 (181)
    See also Working Paper International Lending of Last Resort and Moral Hazard: A Model of the IMF's Catalytic Finance, CEPR Discussion Papers (2004) View citations (17) (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 Openness and the Case for Flexible Exchange Rates, CEPR Discussion Papers (2006) View citations (28) (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 (168)
    See also Working Paper Twin Deficits: Squaring Theory, Evidence and Common Sense, Economics Working Papers (2005) View citations (5) (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 (382)
    See also Working Paper Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion, CEPR Discussion Papers (2002) View citations (48) (2002)
91. A macroeconomic model of international price discrimination
    Journal of International Economics, 2005, 67, (1), 129-155 View citations (260)
    See also Working Paper Macroeconomics of International Price Discrimination, Economics Working Papers (2003) View citations (20) (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 (2)
98. International dimensions of optimal monetary policy
    Journal of Monetary Economics, 2005, 52, (2), 281-305 View citations (333)
    See also Working Paper International Dimensions of Optimal Monetary Policy, CEPR Discussion Papers (2002) View citations (19) (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
     The Review of Economic Studies, 2004, 71, (1), 87-113 View citations (160)
     See also Working Paper Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders, FMG Discussion Papers (2001) View citations (13) (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, 2003, 13-45 (2003)
     EEAG Report on the European Economy, 2002, 6-26 (2002)
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 (4)

2001

128. Welfare and Macroeconomic Interdependence
     The Quarterly Journal of Economics, 2001, 116, (2), 421-445 View citations (586)
     See also Working Paper Welfare and Macroeconomic Interdependence, NBER Working Papers (1997) View citations (75) (1997)

2000

129. Competitive devaluations: toward a welfare-based approach
     Journal of International Economics, 2000, 51, (1), 217-241 View citations (93)
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 (260)
     See also Working Paper Paper Tigers? A Model of the Asian Crisis, NBER Working Papers (1998) View citations (123) (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 (442)
     See also Working Paper What Caused the Asian Currency and Financial Crisis?, Temi di discussione (Economic working papers) (1998) View citations (286) (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 Politically Motivated Fiscal Deficits: Policy Issues in Closed and Open Economies, Working Papers (1995) (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 (37)

1992

139. Household Saving in Developing Countries: First Cross-Country Evidence
     The World Bank Economic Review, 1992, 6, (3), 529-47 View citations (79)
     See also Working Paper Household saving in developing countries: first cross-country evidence, Policy Research Working Paper Series (1991) View citations (10) (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 (67)
     See also Working Paper Fiscal Deficits, Public Debt and Government Solvency: Evidence from OECD Countries, NBER Working Papers (1991) View citations (60) (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 EEAG Report on the European Economy 2010, EEAG Report on the European Economy, CESifo (2010) View citations (2) (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 Endogenous Exchange-Rate Pass-through and Self-Validating Exchange Rate Regimes, Central Bank of Chile (2015) View citations (14) (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 Journal Article Floats, Pegs and the Transmission of Fiscal Policy, Central Bank of Chile (2011) View citations (40) (2011)
   Working Paper Floats, Pegs and the Transmission of Fiscal Policy, Central Bank of Chile (2011) View citations (40) (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 (14)
   See also Working Paper Multilateral economic cooperation and the international transmission of fiscal policy, C.E.P.R. Discussion Papers (2012) (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 Traded and nontraded goods prices, and international risk sharing: an empirical investigation, Banco de España (2012) View citations (4) (2012)
   Journal Article Traded and Nontraded Goods Prices, and International Risk Sharing: An Empirical Investigation, University of Chicago Press (2012) View citations (5) (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 Optimal monetary policy in open economies, European University Institute (2010) View citations (243) (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 The Simple Geometry of Transmission and Stabilization in Closed and Open Economies, C.E.P.R. Discussion Papers (2005) View citations (37) (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 Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries, National Bureau of Economic Research, Inc (2006) View citations (81) (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 (29)
    See also Working Paper Optimal Monetary Policy and the Sources of Local-Currency Price Stability, National Bureau of Economic Research, Inc (2007) View citations (29) (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 The Role of Large Players in Currency Crises, National Bureau of Economic Research, Inc (2001) View citations (31) (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)