Details about Paul De Grauwe

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Workplace:	European Institute, London School of Economics (LSE), (more information at EDIRC)

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Short-id: pde1077

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Working Papers

2021

1. On the Use of Current or Forward-Looking Data in Monetary Policy: A Behavioural Macroeconomic Approach
   CESifo Working Paper Series, CESifo View citations (1)

2020

2. Financial Policymaking after Crises: Public vs. Private Interest
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
3. Should central banks be forward-looking?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
4. Structural reforms, animal spirits and monetary policies
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (17)
   See also Journal Article Structural reforms, animal spirits, and monetary policies, European Economic Review, Elsevier (2020) View citations (20) (2020)
5. The need for monetary financing of corona budget deficits
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (2)
   See also Journal Article The Need for Monetary Financing of Corona Budget Deficits, Intereconomics: Review of European Economic Policy, Springer (2020) View citations (4) (2020)

2019

6. Financial Crises and Liberalisation: Progress or Reversals?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2019) View citations (2)
7. Fiscal Policies in Booms and Busts
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
8. Inflation targets and the zero lower bound in a behavioural macroeconomic model
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (10)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (4)
   See also Journal Article Inflation Targets and the Zero Lower Bound in a Behavioural Macroeconomic Model, Economica, London School of Economics and Political Science (2019) View citations (17) (2019)
9. Time to change budgetary priorities in the eurozone
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (2)
   See also Journal Article Time to Change Budgetary Priorities in the Eurozone, Intereconomics: Review of European Economic Policy, Springer (2019) View citations (3) (2019)

2018

10. Animal Spirits and Fiscal Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    See also Journal Article Animal Spirits and Fiscal Policy, Journal of Economic Behavior & Organization, Elsevier (2020) View citations (8) (2020)
11. Behavioural economics is useful also in macroeconomics: the role of animal spirits
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (1)
    See also Journal Article Behavioural Economics is Useful Also in Macroeconomics: The Role of Animal Spirits, Comparative Economic Studies, Palgrave Macmillan (2018) View citations (1) (2018)
12. Core-periphery relations in the Eurozone
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (2)
    See also Journal Article Core-Periphery Relations in the Eurozone, The Economists' Voice, De Gruyter (2018) View citations (1) (2018)
13. How safe is a safe asset?
    CEPS Papers, Centre for European Policy Studies View citations (7)
14. Is there a trade-off between free capital mobility, financial stability and fiscal policy flexibility in the EMU?
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (5)
    See also Journal Article Is there a trade-off between free capital mobility, financial stability and fiscal policy flexibility in the EMU?, Review of World Economics (Weltwirtschaftliches Archiv), Springer (2018) View citations (6) (2018)
15. The role of cognitive limitations and heterogeneous expectations for aggregate production and credit cycle
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (3)
    See also Journal Article The role of cognitive limitations and heterogeneous expectations for aggregate production and credit cycle, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (4) (2018)

2017

16. Analyzing Structural Reforms Using a Behavioral Macroeconomic Model
    CESifo Working Paper Series, CESifo View citations (3)
17. Endogenous Asymmetric Shocks in the Eurozone. The Role of Animal Spirits
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
18. Fundamentals versus market sentiments in the euro bond markets: implications for QE
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (5)
19. Monetary transmission under competing corporate finance regimes = Transmisión monetaria bajo regímenes alternativos de finanzas corporativas
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
20. Structural Reforms and Monetary Policies in a Behavioural Macroeconomic Model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
21. Structural Reforms, Growth and Inequality: An Overview of Theory, Measurement and Evidence
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (12)
    Also in CESifo Working Paper Series, CESifo (2017) View citations (13)
22. The international synchronisation of business cycles: the role of animal spirits
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (22)
    See also Journal Article The International Synchronisation of Business Cycles: the Role of Animal Spirits, Open Economies Review, Springer (2017) View citations (23) (2017)

2016

23. Animal Spirits and the International Transmission of Business Cycles
    CESifo Working Paper Series, CESifo View citations (9)
24. Fiscal rules, financial stability and optimal currency areas
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (6)
    Also in CESifo Working Paper Series, CESifo (2015) View citations (3)
    See also Journal Article Fiscal rules, financial stability and optimal currency areas, Economics Letters, Elsevier (2016) View citations (8) (2016)
25. Flexibility versus Stability: A difficult trade-off in the eurozone
    CEPS Papers, Centre for European Policy Studies View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (18)
26. International correlation of business cycles in a behavioral macroeconomic model
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
27. Monetary transmission under competing corporate finance regimes
    FinMaP-Working Papers, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents View citations (1)
    See also Journal Article Monetary transmission under competing corporate finance regimes, Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia (2017) (2017)
28. Stock market cycles and supply side dynamics: two worlds, one vision?
    Working Papers, Banco de España View citations (2)
    Also in CESifo Working Paper Series, CESifo (2015) View citations (5)
29. The EU debt crisis: Testing and revisiting conventional legal doctrine
    LEQS – LSE 'Europe in Question' Discussion Paper Series, European Institute, LSE
    See also Journal Article The EU debt crisis: Testing and revisiting conventional legal doctrine, International Review of Law and Economics, Elsevier (2017) View citations (12) (2017)
30. The European dimension: Consequences for European monetary policy
    FinMaP-Policy Letters, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents
31. The legacy of the Eurozone crisis and how to overcome it
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (14)
    See also Journal Article The legacy of the Eurozone crisis and how to overcome it, Journal of Empirical Finance, Elsevier (2016) View citations (16) (2016)
32. “Total Assets” versus “Risk Weighted Assets”: Does it matter for MREL requirements?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods

2015

33. Animal spirits and credit cycles
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (73)
    Also in CESifo Working Paper Series, CESifo (2013) View citations (6)
    See also Journal Article Animal spirits and credit cycles, Journal of Economic Dynamics and Control, Elsevier (2015) View citations (77) (2015)
34. Greece is solvent but illiquid: What should the ECB do?
    CEPS Papers, Centre for European Policy Studies View citations (2)
35. Has the Eurozone Become Less Fragile? Some Empirical Tests
    CESifo Working Paper Series, CESifo View citations (7)
    See also Journal Article Has the Eurozone become less fragile? Some empirical tests, Journal of Policy Modeling, Elsevier (2015) View citations (7) (2015)
36. Market sentiments and the sovereign debt crisis in the Eurozone
    FinMaP-Working Papers, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents View citations (1)
37. Stock market cycles and supply side dynamics
    FinMaP-Working Papers, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents View citations (5)

2014

38. Disappearing government bond spreads in the eurozone – Back to normal?
    CEPS Papers, Centre for European Policy Studies View citations (11)
39. Yes, it’s the economy, stupid, but is it demand or supply?
    CEPS Papers, Centre for European Policy Studies View citations (1)

2013

40. Design Failures in the Eurozone - can they be fixed?
    European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (102)
    Also in LEQS – LSE 'Europe in Question' Discussion Paper Series, European Institute, LSE (2013) View citations (98)
    Europe in Question Discussion Paper Series of the London School of Economics (LEQs), London School of Economics / European Institute (2013) View citations (104)
41. How much fiscal discipline in a monetary union
    Special Conference Papers, Bank of Greece View citations (14)
    See also Journal Article How much Fiscal Discipline in a Monetary Union?, Journal of Macroeconomics, Elsevier (2014) View citations (39) (2014)
42. Self-fulfilling crises in the Eurozone: an empirical test
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (378)
    Also in CESifo Working Paper Series, CESifo (2012) View citations (45)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2012) View citations (44)
    CEPS Papers, Centre for European Policy Studies (2012) View citations (44)
    See also Journal Article Self-fulfilling crises in the Eurozone: An empirical test, Journal of International Money and Finance, Elsevier (2013) View citations (409) (2013)
43. Strong Governments, Weak Banks
    CEPS Papers, Centre for European Policy Studies View citations (4)
44. The Fragility of two Monetary Regimes: The European Monetary System and the Eurozone
    CESifo Working Paper Series, CESifo View citations (4)
    Also in Working Paper Research, National Bank of Belgium (2013) View citations (4)
    See also Journal Article The Fragility of Two Monetary Regimes: The European Monetary System and the Eurozone, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2015) View citations (13) (2015)
45. The Legacy of Austerity in the Eurozone
    CEPS Papers, Centre for European Policy Studies View citations (9)

2012

46. How not to be a lender of last resort
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
47. In Search of Symmetry in the Eurozone
    CEPS Papers, Centre for European Policy Studies View citations (24)
48. Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone
    CEPS Papers, Centre for European Policy Studies View citations (53)
49. The Governance of a Fragile Eurozone
    Walter Adolf Jöhr Lecture, University of St. Gallen, School of Economics and Political Science, Institute of Economics (FGN-HSG) View citations (197)
    Also in CEPS Papers, Centre for European Policy Studies (2011) View citations (210)
    See also Journal Article The Governance of a Fragile Eurozone, Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research (2012) View citations (209) (2012)
    Chapter The Governance of a Fragile Eurozone, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) (2014)
50. What Germany should fear most is its own fear: An analysis of Target2 and current account imbalances
    CEPS Papers, Centre for European Policy Studies View citations (20)

2011

51. A Fragile Eurozone in Search of a Better Governance
    CESifo Working Paper Series, CESifo View citations (34)
    See also Journal Article A Fragile Eurozone in Search of a Better Governance, The Economic and Social Review, Economic and Social Studies (2012) View citations (73) (2012)
52. Europe for Growth: For a Radical Change in Financing the EU
    CEPS Papers, Centre for European Policy Studies View citations (8)
53. Only a more active ECB can solve the euro crisis
    CEPS Papers, Centre for European Policy Studies View citations (7)
54. The European Central Bank: Lender of Last Resort in the Government Bond Markets?
    CESifo Working Paper Series, CESifo View citations (75)
    See also Journal Article The European Central Bank as Lender of Last Resort in the Government Bond Markets, CESifo Economic Studies, CESifo Group (2013) View citations (62) (2013)

2010

55. Booms and Busts: New Keynesian and Behavioral Explanations
    CESifo Working Paper Series, CESifo View citations (2)
    See also Chapter Booms and busts: New Keynesian and behavioural explanations, Chapters, Edward Elgar Publishing (2012) View citations (7) (2012)
56. The Financial Crisis and the Future of the Eurozone
    Bruges European Economic Policy Briefings, European Economic Studies Department, College of Europe View citations (30)
57. Top-Down versus Bottom-Up Macroeconomics
    CESifo Working Paper Series, CESifo View citations (54)
    See also Journal Article Top-Down versus Bottom-Up Macroeconomics, CESifo Economic Studies, CESifo Group (2010) View citations (55) (2010)

2009

58. A New Two-Pillar Strategy for the ECB
    CESifo Working Paper Series, CESifo View citations (33)
59. Why should we believe the market this time?
    ECMI Papers, Centre for European Policy Studies View citations (3)

2008

60. Animal Spirits and Monetary Policy
    CESifo Working Paper Series, CESifo View citations (15)
    See also Chapter Animal Spirits and Monetary Policy, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) View citations (2) (2014)
61. DSGE-Modelling: when agents are imperfectly informed
    Working Paper Series, European Central Bank View citations (21)
62. Macroeconomic Modeling when Agents are Imperfectly Informed
    CESifo Working Paper Series, CESifo View citations (1)
    Also in Discussion Papers, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy (2008) View citations (1)
63. Networks-independent partner selection and the evolution of innovation networks
    DEM Discussion Paper Series, Department of Economics at the University of Luxembourg
64. The impact of FX Central Bank Intervention in a Noise Trading Framework
    DEM Discussion Paper Series, Department of Economics at the University of Luxembourg
    Also in CESifo Working Paper Series, CESifo (2005) View citations (4)
    See also Chapter The Impact of FX Central Bank Intervention in a Noise Trading Framework, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) (2014)
65. What have we learnt about monetary integration since the Maastricht Treaty?
    Working Papers, Macerata University, Department of Studies on Economic Development (DiSSE)
    See also Journal Article What Have we Learnt about Monetary Integration since the Maastricht Treaty?*, Journal of Common Market Studies, Wiley Blackwell (2006) View citations (63) (2006)
    Chapter What Have We Learnt about Monetary Integration since the Maastricht Treaty?, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) (2014)

2007

66. Exchange Rates Dynamics in a Target Zone – A Heterogeneous Expectations Approach
    CESifo Working Paper Series, CESifo
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2007) View citations (10)
    See also Journal Article Exchange rate dynamics in a target zone--A heterogeneous expectations approach, Journal of Economic Dynamics and Control, Elsevier (2009) View citations (42) (2009)
67. Globalization and the Price Decline of Illicit Drugs
    CESifo Working Paper Series, CESifo View citations (5)
68. Modeling Optimism and Pessimism in the Foreign Exchange Market
    CESifo Working Paper Series, CESifo View citations (9)

2006

69. A Behavioral Finance Model of the Exchange Rate with Many Forecasting Rules
    CESifo Working Paper Series, CESifo View citations (1)
70. Asymétries de transmission, incertitude additive et stabilisation monétaire en UEM: les enseignements d'un modèle théorique
    Post-Print, HAL
    See also Journal Article Asymétries de transmission, incertitude additive et stabilisation monétaire en UE M: les enseignements d'un modèle théorique, Economie & Prévision, La Documentation Française (2006) (2006)
71. Forecasting and Combining Competing Models of Exchange Rate Determination
    CESifo Working Paper Series, CESifo View citations (4)
    Also in Discussion Papers, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy (2006) View citations (8)
    See also Journal Article Forecasting and combining competing models of exchange rate determination, Applied Economics, Taylor & Francis Journals (2010) View citations (22) (2010)
72. Learning to Forecast the Exchange Rate: Two Competing Approaches
    CESifo Working Paper Series, CESifo View citations (12)
    Also in Computing in Economics and Finance 2006, Society for Computational Economics (2006) View citations (11)
    See also Journal Article Learning to forecast the exchange rate: Two competing approaches, Journal of International Money and Finance, Elsevier (2013) View citations (27) (2013)
73. Monetary policy design and transmission asymmetry in EMU: does uncertainty matter?
    Post-Print, HAL View citations (14)
    See also Journal Article Monetary policy design and transmission asymmetry in EMU: Does uncertainty matter?, European Journal of Political Economy, Elsevier (2006) View citations (14) (2006)

2005

74. Bubbles and crashes in a Behavioural Finance Model
    Working Papers de Economia (Economics Working Papers), Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro
    Also in Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) (2004) View citations (4)
    CESifo Working Paper Series, CESifo (2004) View citations (4)
75. Endogeneities of Optimum Currency Areas: What brings Countries Sharing a Single Currency Closer together?
    Working Papers de Economia (Economics Working Papers), Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro View citations (164)
    Also in Working Paper Series, European Central Bank (2005) View citations (170)
76. Fundamental and Non-Fundamental Equilibria in the Foreign Exchange Market. A Behavioural Finance Framework
    CESifo Working Paper Series, CESifo View citations (3)
77. Is Monetary Policy in the Eurozone less Effective than in the US?
    CESifo Working Paper Series, CESifo View citations (9)
78. Nominal versus Real Convergence with Respect to EMU Accession - EMU Entry Scenarios for the New Member States
    International Finance, University Library of Munich, Germany View citations (37)
79. Non-Linearities in the Relation between the Exchange Rate and its Fundamentals
    CESifo Working Paper Series, CESifo View citations (24)
    See also Journal Article Non-linearities in the relation between the exchange rate and its fundamentals, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2010) View citations (21) (2010)

2004

80. Asymmetries in monetary policy transmission: some implications for EMU and its enlargement
    Post-Print, HAL View citations (9)
    See also Journal Article Asymmetries in Monetary Policy Transmission: Some Implications for EMU and its Enlargement, Journal of Common Market Studies, Wiley Blackwell (2004) View citations (11) (2004)
81. Exchange Rate Puzzles: A Tale of Switching Attractors
    Working Paper Series, Sveriges Riksbank (Central Bank of Sweden) View citations (3)
    See also Journal Article Exchange rate puzzles: A tale of switching attractors, European Economic Review, Elsevier (2006) View citations (207) (2006)
    Chapter Exchange Rate Puzzles: A Tale of Switching Attractors, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) (2014)
82. Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe
    CESifo Working Paper Series, CESifo View citations (52)
    Also in International Finance, University Library of Munich, Germany (2004) View citations (31)
83. Nominal versus Real Convergence with Respect to EMU Accession.How to Cope with the Balassa-Samuelson Dilemma
    EUI-RSCAS Working Papers, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) View citations (20)
84. The Effects of Monetary Policy: A Meta-Analysis
    CESifo Working Paper Series, CESifo View citations (22)
85. Transmission parameter uncertainty and heterogeneity in EMU: which federal monetary policy for the ECB?
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group

2003

86. Bubbling and Crashing Exchange Rates
    CESifo Working Paper Series, CESifo View citations (6)
87. Globalisation and Social Spending
    International Economics Working Papers Series, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics View citations (8)
    Also in CESifo Working Paper Series, CESifo (2003) View citations (8)
88. Intervention in the Foreign Exchange Market in a Model with Noise Traders
    Working Papers, Hong Kong Institute for Monetary Research View citations (12)
89. Monetary Policy in EMU when the Transmission is Asymmetric and Uncertain
    CESifo Working Paper Series, CESifo View citations (13)

2002

90. A Model of the Card Payment System and the Interchange Fee
    CESifo Working Paper Series, CESifo View citations (4)
91. Electronic Money and the Optimal Size of Monetary Unions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
92. The Exchange Rate and its Fundamentals. A Chaotic Perspective
    CESifo Working Paper Series, CESifo View citations (13)
93. The Exchange Rate in a Model with Heterogeneous Agents and Transactions Costs
    CESifo Working Paper Series, CESifo View citations (4)

2001

94. Assessing Monetary Policy in Norway
    CESifo Working Paper Series, CESifo
95. Exchange Rates and fundamentals - a Non-Linear Relationship?
    CESifo Working Paper Series, CESifo View citations (16)
    See also Chapter Exchange Rates and Fundamentals: A Non-Linear Relationship?, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) (2014)
    Journal Article Exchange rates and fundamentals: a non-linear relationship?, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2007) View citations (23) (2007)
96. Exchange Rates, Prices and Money. A Long Run Perspective
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (28)
    See also Journal Article Exchange Rates, Prices and Money: A Long-Run Perspective, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2001) View citations (24) (2001)
97. Is Inflation Always and Everywhere a Monetary Phenomenon?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (45)
    Also in International Economics Working Papers Series, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics (2001) View citations (41)
    See also Chapter Is Inflation always and Everywhere a Monetary Phenomenon?, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) View citations (1) (2014)
98. Monetary Policy in a Cashless Society
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
99. Union-wide Aggregates versus National Data Based Monetary Policies: Does it Matter for the Eurosystem?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)

2000

100. Controls on Capital Flows and the Tobin Tax
     Working Papers of Department of Economics, Leuven, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven
101. Exchange Rates in Search of Fundamentals: The Case of the Euro-Dollar Rate
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (33)
     See also Journal Article Exchange Rates in Search of Fundamentals: The Case of the Euro–Dollar Rate, International Finance, Wiley Blackwell (2000) View citations (29) (2000)
     Chapter Exchange Rates in Search of Fundamentals: The Case of the Euro–Dollar Rate, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) (2014)
102. Increased Capital Mobility - A Challenge for National Macroeconomic Policies
     International Economics Working Papers Series, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, International Economics
103. Inflation and Productivity Differentials in EMU
     Working Papers of Department of Economics, Leuven, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven View citations (7)
104. Monetary Policies In The Presence Of Asymmetries
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (68)
     See also Journal Article Monetary Policies in the Presence of Asymmetries, Journal of Common Market Studies, Wiley Blackwell (2000) View citations (67) (2000)

1999

105. From EMS to EMU: Are we better off?
     Working Papers of Department of Economics, Leuven, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven
106. Social Conflict and Growth in Euroland
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
     Also in Working Papers of Department of Economics, Leuven, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven (1999)
107. The European Central Bank: Decision Rules and Macroeconomic Performance
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)

1998

108. Stochastic Process Switching and Stage III of EMU
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
109. The Risk of Deflation in the Future EMU: Lessons of the 1990s
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

1997

110. Exchange Rate Arrangements between the Ins and the Outs
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
111. Setting Conversion Rates for the Third Stage of EMU
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
     See also Journal Article Setting conversion rates for the third stage of EMU, BNL Quarterly Review, Banca Nazionale del Lavoro (1997) View citations (9) (1997)
     Chapter Setting Conversion Rates for the Third Stage of EMU, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) (2014)
112. The Indeterminacy of the Euro Conversion Rates. Why it Matters and How it can be Solved
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)

1996

113. Forward Interest Rates as Predictors of EMU
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
114. How to Fix Conversion Rates at the Start of EMU
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (25)
115. Inflation Targeting to Achieve Inflation Convergence in the Transition Towards EMU
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
116. Making EMU Happen. Problems and Proposals: A Symposium
     Princeton Essays in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (2)
     Also in Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, (1996) View citations (2)
117. The Prospects of a Mini Currency Union in 1999
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

1995

118. The Economics of Convergence towards Monetary Union in Europe
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)

1994

119. Exchange Rates in Search of Fundamental Variables
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
120. Monetary Policies in the EMS: Lessons from the Great Recession of 1991-3
     CEPR Discussion Papers, C.E.P.R. Discussion Papers

1993

121. Real Exchange Rate Variability in Monetary Unions
     Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) View citations (9)
122. The Political Economy of Monetary Union in Europe
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
     See also Journal Article The Political Economy of Monetary Union in Europe, The World Economy, Wiley Blackwell (1993) View citations (16) (1993)

1992

123. Inflation Convergence During the Transition to EMU
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
124. Psychological Barriers in the Foreign Exchange Market
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (34)

1991

125. Is Europe an Optimum Currency Area? Evidence from Regional Data
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (88)
     See also Chapter Is Europe an Optimum Currency Area? Evidence from Regional Data, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2014) (2014)

1990

126. A Chaotic Monetary Model of the Exchange Rate
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
127. Deterministic Chaos in the Foreign Exchange Markets
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)

1989

128. Is the European Monetary System a DM-Zone?
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (41)
129. On the Nature of Risk in the Foreign Exchange Markets: Evidence from the Dollar and the EMS Markets
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
130. The Cost of Disinflation and the European Monetary System
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)

1978

131. [Book Review of] Grauwe, Paul de: Monetary interdependence and international monetary reform. A European case study. Westmead/Farnboroug, Lexington/Mass. 1976
     Open Access Publications from Kiel Institute for the World Economy, Kiel Institute for the World Economy (IfW Kiel)

Journal Articles

2024

1. Fighting Inflation without Massive Transfers to Banks
   Financial and Economic Review, 2024, 23, (4), 80-101

2020

2. Animal Spirits and Fiscal Policy
   Journal of Economic Behavior & Organization, 2020, 171, (C), 247-263 View citations (8)
   See also Working Paper Animal Spirits and Fiscal Policy, CEPR Discussion Papers (2018) View citations (2) (2018)
3. Structural reforms, animal spirits, and monetary policies
   European Economic Review, 2020, 124, (C) View citations (20)
   See also Working Paper Structural reforms, animal spirits and monetary policies, LSE Research Online Documents on Economics (2020) View citations (17) (2020)
4. The Need for Monetary Financing of Corona Budget Deficits
   Intereconomics: Review of European Economic Policy, 2020, 55, (3), 133-134 View citations (4)
   See also Working Paper The need for monetary financing of corona budget deficits, LSE Research Online Documents on Economics (2020) View citations (2) (2020)

2019

5. Green Money without Inflation
   Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2019, 88, (2), 51-54 View citations (21)
6. Inflation Targets and the Zero Lower Bound in a Behavioural Macroeconomic Model
   Economica, 2019, 86, (342), 262-299 View citations (17)
   See also Working Paper Inflation targets and the zero lower bound in a behavioural macroeconomic model, LSE Research Online Documents on Economics (2019) View citations (10) (2019)
7. Making the Eurozone Sustainable by Financial Engineering or Political Union?
   Journal of Common Market Studies, 2019, 57, (S1), 40-48 View citations (9)
8. Time to Change Budgetary Priorities in the Eurozone
   Intereconomics: Review of European Economic Policy, 2019, 54, (5), 285-290 View citations (3)
   See also Working Paper Time to change budgetary priorities in the eurozone, LSE Research Online Documents on Economics (2019) View citations (2) (2019)

2018

9. Behavioural Economics is Useful Also in Macroeconomics: The Role of Animal Spirits
   Comparative Economic Studies, 2018, 60, (2), 203-216 View citations (1)
   See also Working Paper Behavioural economics is useful also in macroeconomics: the role of animal spirits, LSE Research Online Documents on Economics (2018) View citations (1) (2018)
10. Core-Periphery Relations in the Eurozone
    The Economists' Voice, 2018, 15, (1), 15 View citations (1)
    See also Working Paper Core-periphery relations in the Eurozone, LSE Research Online Documents on Economics (2018) View citations (2) (2018)
11. Is there a trade-off between free capital mobility, financial stability and fiscal policy flexibility in the EMU?
    Review of World Economics (Weltwirtschaftliches Archiv), 2018, 154, (1), 177-201 View citations (6)
    See also Working Paper Is there a trade-off between free capital mobility, financial stability and fiscal policy flexibility in the EMU?, LSE Research Online Documents on Economics (2018) View citations (5) (2018)
12. L’avenir de l’euro
    Revue de l'OFCE, 2018, N° 158, (4), 171-182
13. The role of cognitive limitations and heterogeneous expectations for aggregate production and credit cycle
    Journal of Economic Dynamics and Control, 2018, 91, (C), 206-236 View citations (4)
    See also Working Paper The role of cognitive limitations and heterogeneous expectations for aggregate production and credit cycle, LSE Research Online Documents on Economics (2018) View citations (3) (2018)

2017

14. GOVERNING A SUSTAINABLE EUROZONE
    Rivista Internazionale di Scienze Sociali, 2017, 125, (2), 173-194
15. Monetary transmission under competing corporate finance regimes
    Revista ESPE - Ensayos sobre Política Económica, 2017, 35, (82), 78-100
    Also in Revista ESPE - Ensayos Sobre Política Económica, 2017, 35, (82), 78-100 (2017)
    See also Working Paper Monetary transmission under competing corporate finance regimes, FinMaP-Working Papers (2016) View citations (1) (2016)
16. The EU debt crisis: Testing and revisiting conventional legal doctrine
    International Review of Law and Economics, 2017, 51, (C), 29-37 View citations (12)
    See also Working Paper The EU debt crisis: Testing and revisiting conventional legal doctrine, LEQS – LSE 'Europe in Question' Discussion Paper Series (2016) (2016)
17. The International Synchronisation of Business Cycles: the Role of Animal Spirits
    Open Economies Review, 2017, 28, (3), 383-412 View citations (23)
    See also Working Paper The international synchronisation of business cycles: the role of animal spirits, LSE Research Online Documents on Economics (2017) View citations (22) (2017)

2016

18. David vs. Goliath? Smaller European Exporting firms facing Asian competition on global markets
    Scottish Journal of Political Economy, 2016, 63, (1), 18-40
19. European Monetary Unification: A Few Lessons for East Asia
    Scottish Journal of Political Economy, 2016, 63, (1), 7-17 View citations (3)
20. Fiscal rules, financial stability and optimal currency areas
    Economics Letters, 2016, 145, (C), 278-281 View citations (8)
    See also Working Paper Fiscal rules, financial stability and optimal currency areas, LSE Research Online Documents on Economics (2016) View citations (6) (2016)
21. Industry-specific exchange rate volatility and intermediate goods trade in Asia
    Scottish Journal of Political Economy, 2016, 63, (1), 89-109 View citations (3)
22. It takes two to tango: A regime-switching analysis of the correlation dynamics between the mainland Chinese and Hong Kong stock markets
    Scottish Journal of Political Economy, 2016, 63, (1), 41-65 View citations (8)
23. Slower Growth and Vulnerability to Recession: Updating China's Global Impact
    Scottish Journal of Political Economy, 2016, 63, (1), 66-88 View citations (2)
24. The Effect of China's Rise on FDI Competition in East Asia: Crowding-out or Crowding-in?
    Scottish Journal of Political Economy, 2016, 63, (1), 110-134 View citations (1)
25. The Rise of China and Regional Integration in East Asia
    Scottish Journal of Political Economy, 2016, 63, (1), 1-6 View citations (1)
26. The legacy of the Eurozone crisis and how to overcome it
    Journal of Empirical Finance, 2016, 39, (PB), 147-155 View citations (16)
    See also Working Paper The legacy of the Eurozone crisis and how to overcome it, LSE Research Online Documents on Economics (2016) View citations (14) (2016)
27. What Future for the EU After Brexit?
    Intereconomics: Review of European Economic Policy, 2016, 51, (5), 249-251 View citations (1)

2015

28. Animal spirits and credit cycles
    Journal of Economic Dynamics and Control, 2015, 59, (C), 95-117 View citations (77)
    See also Working Paper Animal spirits and credit cycles, LSE Research Online Documents on Economics (2015) View citations (73) (2015)
29. Has the Eurozone become less fragile? Some empirical tests
    Journal of Policy Modeling, 2015, 37, (3), 404-414 View citations (7)
    See also Working Paper Has the Eurozone Become Less Fragile? Some Empirical Tests, CESifo Working Paper Series (2015) View citations (7) (2015)
30. The Fragility of Two Monetary Regimes: The European Monetary System and the Eurozone
    International Journal of Finance & Economics, 2015, 20, (1), 1-15 View citations (13)
    See also Working Paper The Fragility of two Monetary Regimes: The European Monetary System and the Eurozone, CESifo Working Paper Series (2013) View citations (4) (2013)

2014

31. How much Fiscal Discipline in a Monetary Union?
    Journal of Macroeconomics, 2014, 39, (PB), 348-360 View citations (39)
    See also Working Paper How much fiscal discipline in a monetary union, Special Conference Papers (2013) View citations (14) (2013)
32. Les conséquences fiscales du programme d'achat d'obligations de la BCE
    Revue d'économie financière, 2014, N° 113, (1), 47-60
33. The Future of the Eurozone
    Manchester School, 2014, 82, (S1), 15-34 View citations (7)

2013

34. Fiscal Implications of the ECB’s Bond Buying Program
    Open Economies Review, 2013, 24, (5), 843-852 View citations (6)
35. From Panic-Driven Austerity to Symmetric Macroeconomic Policies in the Eurozone
    Journal of Common Market Studies, 2013, 51, 31-41 View citations (41)
36. Learning to forecast the exchange rate: Two competing approaches
    Journal of International Money and Finance, 2013, 32, (C), 42-76 View citations (27)
    See also Working Paper Learning to Forecast the Exchange Rate: Two Competing Approaches, CESifo Working Paper Series (2006) View citations (12) (2006)
37. Self-fulfilling crises in the Eurozone: An empirical test
    Journal of International Money and Finance, 2013, 34, (C), 15-36 View citations (409)
    See also Working Paper Self-fulfilling crises in the Eurozone: an empirical test, LSE Research Online Documents on Economics (2013) View citations (378) (2013)
38. The European Central Bank as Lender of Last Resort in the Government Bond Markets
    CESifo Economic Studies, 2013, 59, (3), 520-535 View citations (62)
    See also Working Paper The European Central Bank: Lender of Last Resort in the Government Bond Markets?, CESifo Working Paper Series (2011) View citations (75) (2011)

2012

39. A Fragile Eurozone in Search of a Better Governance
    The Economic and Social Review, 2012, 43, (1), 1–30 View citations (73)
    See also Working Paper A Fragile Eurozone in Search of a Better Governance, CESifo Working Paper Series (2011) View citations (34) (2011)
40. African trade dynamics: is China a different trading partner?
    Journal of Chinese Economic and Business Studies, 2012, 10, (1), 15-45 View citations (45)
41. Animal spirits in the foreign exchange market
    Journal of Economic Dynamics and Control, 2012, 36, (8), 1176-1192 View citations (35)
42. Booms and busts in economic activity: A behavioral explanation
    Journal of Economic Behavior & Organization, 2012, 83, (3), 484-501 View citations (99)
    See also Chapter Booms and Busts in Economic Activity: A Behavioral Explanation, World Scientific Book Chapters, 2014, 521-556 (2014) View citations (1) (2014)
43. Lessons from the Eurocrisis for East Asian Monetary Relations
    The World Economy, 2012, 35, (4), 405-418 View citations (3)
44. Mispricing of Sovereign Risk and Macroeconomic Stability in the Eurozone
    Journal of Common Market Studies, 2012, 50, (6), 866-880 View citations (114)
45. Monetary Integration and Exchange Rate Issues in East Asia
    The World Economy, 2012, 35, (4), 397-404 View citations (2)
46. The Governance of a Fragile Eurozone
    Australian Economic Review, 2012, 45, (3), 255-268 View citations (209)
    See also Working Paper The Governance of a Fragile Eurozone, Walter Adolf Jöhr Lecture (2012) View citations (197) (2012)
    Chapter The Governance of a Fragile Eurozone, World Scientific Book Chapters, 2014, 297-320 (2014) (2014)

2011

47. Barry Eichengreen's Exorbitant Privilege: A Review Essay
    International Finance, 2011, 14, (3), 567-571
48. Financial Assistance in the Euro Zone: Why and How?
    ifo DICE Report, 2011, 9, (03), 26-30
49. La gobernanza de una frágil Eurozona
    Revista de Economía Institucional, 2011, 13, (25), 13-41
50. Managing a Fragile Eurozone
    CESifo Forum, 2011, 12, (02), 40-45 View citations (18)
51. Towards Financial Stability: A European Perspective
    Rivista Internazionale di Scienze Sociali, 2011, 119, (1), 61-80

2010

52. Eight months later — Has the Eurozone been stabilised or will EMU fall apart?
    Intereconomics: Review of European Economic Policy, 2010, 45, (6), 340-356 View citations (1)
53. Forecasting and combining competing models of exchange rate determination
    Applied Economics, 2010, 42, (27), 3455-3480 View citations (22)
    See also Working Paper Forecasting and Combining Competing Models of Exchange Rate Determination, CESifo Working Paper Series (2006) View citations (4) (2006)
54. Non-linearities in the relation between the exchange rate and its fundamentals
    International Journal of Finance & Economics, 2010, 15, (1), 1-21 View citations (21)
    See also Working Paper Non-Linearities in the Relation between the Exchange Rate and its Fundamentals, CESifo Working Paper Series (2005) View citations (24) (2005)
55. Quelle gouvernance pour la zone Euro ?
    Revue d'Économie Financière, 2010, 100, (4), 29-41
56. The Fragility of the Eurozone’s Institutions
    Open Economies Review, 2010, 21, (1), 167-174 View citations (8)
57. The Return of Keynes
    International Finance, 2010, 13, (1), 157-163 View citations (4)
58. Top-Down versus Bottom-Up Macroeconomics
    CESifo Economic Studies, 2010, 56, (4), 465-497 View citations (55)
    See also Working Paper Top-Down versus Bottom-Up Macroeconomics, CESifo Working Paper Series (2010) View citations (54) (2010)

2009

59. Exchange rate dynamics in a target zone--A heterogeneous expectations approach
    Journal of Economic Dynamics and Control, 2009, 33, (2), 329-344 View citations (42)
    See also Working Paper Exchange Rates Dynamics in a Target Zone – A Heterogeneous Expectations Approach, CESifo Working Paper Series (2007) (2007)
60. Lessons from the Banking Crisis: A Return to Narrow Banking
    ifo DICE Report, 2009, 7, (02), 19-23 View citations (10)
    See also Chapter Lessons from the Banking Crisis: A Return to Narrow Banking, World Scientific Book Chapters, 2014, 415-426 (2014) (2014)

2008

61. Exchange Rate Stability, Inflation, and Growth in (South) Eastern and Central Europe
    Review of Development Economics, 2008, 12, (3), 530-549 View citations (75)
62. On the Need to Renovate the Eurozone
    International Finance, 2008, 11, (3), 327-333 View citations (2)
63. The Risks of Being Chairman in the Age of Turbulence
    International Finance, 2008, 11, (1), 109-115 View citations (2)

2007

64. Exchange rates and fundamentals: a non-linear relationship?
    International Journal of Finance & Economics, 2007, 12, (1), 37-54 View citations (23)
    See also Chapter Exchange Rates and Fundamentals: A Non-Linear Relationship?, World Scientific Book Chapters, 2014, 159-187 (2014) (2014)
    Working Paper Exchange Rates and fundamentals - a Non-Linear Relationship?, CESifo Working Paper Series (2001) View citations (16) (2001)

2006

65. Asymétries de transmission, incertitude additive et stabilisation monétaire en UE M: les enseignements d'un modèle théorique
    Economie & Prévision, 2006, n° 173, (2), 27-41
    Also in Économie et Prévision, 2006, 173, (2), 27-41 (2006)
    See also Working Paper Asymétries de transmission, incertitude additive et stabilisation monétaire en UEM: les enseignements d'un modèle théorique, Post-Print (2006) (2006)
66. Exchange rate puzzles: A tale of switching attractors
    European Economic Review, 2006, 50, (1), 1-33 View citations (207)
    See also Working Paper Exchange Rate Puzzles: A Tale of Switching Attractors, Working Paper Series (2004) View citations (3) (2004)
    Chapter Exchange Rate Puzzles: A Tale of Switching Attractors, World Scientific Book Chapters, 2014, 71-117 (2014) (2014)
67. Flaws in the Design of the Eurosystem?
    International Finance, 2006, 9, (1), 137-144 View citations (6)
68. Introduction: Monetary and Economic Integration in the East Asian Region
    The World Economy, 2006, 29, (12), 1643-1647 View citations (11)
69. Monetary policy design and transmission asymmetry in EMU: Does uncertainty matter?
    European Journal of Political Economy, 2006, 22, (4), 787-808 View citations (14)
    See also Working Paper Monetary policy design and transmission asymmetry in EMU: does uncertainty matter?, Post-Print (2006) View citations (14) (2006)
70. On monetary and political union
    CESifo Forum, 2006, 7, (04), 3-10 View citations (17)
71. What Have we Learnt about Monetary Integration since the Maastricht Treaty?*
    Journal of Common Market Studies, 2006, 44, (4), 711-730 View citations (63)
    See also Working Paper What have we learnt about monetary integration since the Maastricht Treaty?, Working Papers (2008) (2008)
    Chapter What Have We Learnt about Monetary Integration since the Maastricht Treaty?, World Scientific Book Chapters, 2014, 273-296 (2014) (2014)

2005

72. Heterogeneity of agents, transactions costs and the exchange rate
    Journal of Economic Dynamics and Control, 2005, 29, (4), 691-719 View citations (83)
    See also Chapter Heterogeneity of Agents, Transactions Costs and the Exchange Rate, World Scientific Book Chapters, 2014, 33-70 (2014) (2014)
73. Nominal Versus Real Convergence – EMU Entry Scenarios for the New Member States
    Kyklos, 2005, 58, (4), 537-555 View citations (53)
74. The Exchange Rate and its Fundamentals in a Complex World
    Review of International Economics, 2005, 13, (3), 549-575 View citations (29)

2004

75. Asymmetries in Monetary Policy Transmission: Some Implications for EMU and its Enlargement
    Journal of Common Market Studies, 2004, 42, (4), 757-773 View citations (11)
    See also Working Paper Asymmetries in monetary policy transmission: some implications for EMU and its enlargement, Post-Print (2004) View citations (9) (2004)
76. Editorial
    Journal of Common Market Studies, 2004, 42, (4), 679-687

2003

77. Are Multinationals Really Bigger Than Nations?
    World Economics, 2003, 4, (2), 23-37
78. The Euro at Stake? The Monetary Union in an Enlarged Europe
    CESifo Economic Studies, 2003, 49, (1), 103-121 View citations (12)
    Also in CESifo Forum, 2002, 3, (02), 58-71 (2002) View citations (5)

2002

79. Central Banking as Art or Science?: Lessons from the Fed and the ECB
    International Finance, 2002, 5, (1), 129-137 View citations (5)
80. Challenges for Monetary Policy in Euroland
    Journal of Common Market Studies, 2002, 40, (4), 693-718 View citations (7)
81. Do asymmetries matter for European monetary policy?
    European Economic Review, 2002, 46, (3), 443-469 View citations (80)
    See also Chapter Do Asymmetries Matter for European Monetary Policy?, World Scientific Book Chapters, 2014, 321-353 (2014) (2014)
82. Globalisation et sécurité sociale
    Reflets et perspectives de la vie économique, 2002, XLI, (2), 63-69
83. How Big are the Big Multinational Companies?
    Review of Business and Economic Literature, 2002, XLVII, (3), 311-326 View citations (5)

2001

84. Exchange Rates, Prices and Money: A Long-Run Perspective
    International Journal of Finance & Economics, 2001, 6, (4), 289-313 View citations (24)
    See also Working Paper Exchange Rates, Prices and Money. A Long Run Perspective, Working Papers (2001) View citations (28) (2001)

2000

85. Controls on Capital Flows
    Journal of Policy Modeling, 2000, 22, (3), 391-405 View citations (9)
86. Exchange Rates in Search of Fundamentals: The Case of the Euro–Dollar Rate
    International Finance, 2000, 3, (3), 329-356 View citations (29)
    See also Working Paper Exchange Rates in Search of Fundamentals: The Case of the Euro-Dollar Rate, CEPR Discussion Papers (2000) View citations (33) (2000)
    Chapter Exchange Rates in Search of Fundamentals: The Case of the Euro–Dollar Rate, World Scientific Book Chapters, 2014, 121-158 (2014) (2014)
87. Monetary Policies in the Presence of Asymmetries
    Journal of Common Market Studies, 2000, 38, (4), 593-612 View citations (67)
    See also Working Paper Monetary Policies In The Presence Of Asymmetries, CEPR Discussion Papers (2000) View citations (68) (2000)

1999

88. Effectiveness of Monetary Policy in Euroland
    Empirica, 1999, 26, (4), 299-318 View citations (4)
89. Explaining Recent European Exchange‐Rate Stability
    International Finance, 1999, 2, (1), 1-31 View citations (10)
90. Price dynamics under stochastic process switching: some extensions and an application to EMU1
    Journal of International Money and Finance, 1999, 18, (2), 195-224 View citations (18)

1998

91. Comments on the Papers by Salvatore, Hamada, Capie, Fratianni et al., and Von Hagen and Fender
    Open Economies Review, 1998, 9, (1), 533-536
92. Desempleo, seguridad social y gestión macroeconómica en Europa
    EKONOMIAZ. Revista vasca de Economía, 1998, 42, (03), 32-51

1997

93. Pour l'Emploi et la Croissance et l'EuropeJacques Drèze DeBoeck Université, Bruxelles & Namur, 1996 (256 pages). BF 850, softback, ISBN 2-8041-2081-3
    European Review, 1997, 5, (2), 209-211
94. Setting conversion rates for the third stage of EMU
    BNL Quarterly Review, 1997, 50, (201), 131-146 View citations (9)
    Also in Banca Nazionale del Lavoro Quarterly Review, 1997, 50, (201), 131-146 (1997) View citations (9)
    See also Chapter Setting Conversion Rates for the Third Stage of EMU, World Scientific Book Chapters, 2014, 253-268 (2014) (2014)
    Working Paper Setting Conversion Rates for the Third Stage of EMU, CEPR Discussion Papers (1997) View citations (9) (1997)
95. Why Has Inflation Remained So Low After the Large Exchange Rate Depreciations of 1992?
    Journal of Common Market Studies, 1997, 35, (3), 329-346 View citations (4)

1996

96. Monetary union and convergence economics
    European Economic Review, 1996, 40, (3-5), 1091-1101 View citations (47)

1995

97. Alternative strategies towards monetary union
    European Economic Review, 1995, 39, (3-4), 483-491 View citations (7)
98. Small countries and the EMU: Introduction
    European Journal of Political Economy, 1995, 11, (1), 1-2

1994

99. Croissance et emploi: l'ambition d'une initiative européenne
    Revue de l'OFCE, 1994, 49, (1), 247-288 View citations (10)

1993

100. The Political Economy of Monetary Union in Europe
     The World Economy, 1993, 16, (6), 653-661 View citations (16)
     See also Working Paper The Political Economy of Monetary Union in Europe, CEPR Discussion Papers (1993) View citations (18) (1993)

1992

101. German monetary unification
     European Economic Review, 1992, 36, (2-3), 445-453 View citations (7)

1989

102. The slump in Europe: Jean-Paul Fitoussi and Edmund Phelps, (Basil Blackwell, Oxford and New York, 1988) ISBN 0 631 15557 0, hardback [UK pound]22.50
     European Journal of Political Economy, 1989, 5, (2-3), 406-408

1988

103. Exchange Rate Variability and the Slowdown in Growth of International Trade
     IMF Staff Papers, 1988, 35, (1), 63-84 View citations (299)
104. Le système monétaire international: problèmes et perspectives
     Brussels Economic Review, 1988, 119, 267-283
105. The Long Swings in Real Exchange Rates -Do They Fit into Our Theories?
     Monetary and Economic Studies, 1988, 6, (1), 37-60 View citations (1)

1987

106. International trade and economic growth in the european monetary system
     European Economic Review, 1987, 31, (1-2), 389-398 View citations (21)

1985

107. Interdependence, Macro‐economic Policies and all that
     The World Economy, 1985, 8, (1), 63-80

1984

108. The Political Economy of International Lending
     Cato Journal, 1984, 4, (1), 147-184 View citations (11)

1982

109. Asset markets, exchange rates, and economic integration: A synthesis: Polly R. Allen and Peter B. Kenen, (Cambridge University Press, Cambridge, 1980) pp. 585
     Journal of International Economics, 1982, 13, (3-4), 389-394
110. The exchange rate in a portfolio balance model with a banking sector
     Journal of International Money and Finance, 1982, 1, (1), 225-239 View citations (2)

1981

111. OECD versus the GATT on the Source of Inflation
     The World Economy, 1981, 4, (2‐3), 175-186

1980

112. Monetary policies and the exchange rates in the E.C.-Countries
     European Economic Review, 1980, 13, (3), 343-371
     See also Chapter Monetary Policies and the Exchange Rates in the E.C. Countries, NBER Chapters, 1981, 343-371 (1981) (1981)

1979

113. The 1978 annual report of the bank for international settlements: The economics of international fine tuning
     Journal of Monetary Economics, 1979, 5, (3), 443-457

1978

114. The politics and economics of European monetary integration: Loukas Tsoukalis, (George Allen & Unwin, London, 1977) pp. 192, [UK pound]8.50
     Journal of International Economics, 1978, 8, (2), 357-359

1977

115. Vicious and virtuous circles: A theoretical analysis and a policy proposal for managing exchange rates
     European Economic Review, 1977, 10, (3), 277-301 View citations (6)

1975

116. International Capital Flows and Portfolio Equilibrium: Comment
     Journal of Political Economy, 1975, 83, (5), 1077-80 View citations (1)
117. The interaction of monetary policies in a group of European countries
     Journal of International Economics, 1975, 5, (3), 207-228 View citations (4)

1972

118. A Cross-Section Model of Economic Growth: A Comment
     The Review of Economics and Statistics, 1972, 54, (4), 466-67

Books

2017

1. The Limits of the Market: The Pendulum Between Government and Market
   OUP Catalogue, Oxford University Press View citations (5)

2016

2. Economics of Monetary Union
   OUP Catalogue, Oxford University Press View citations (50)
   Also in OUP Catalogue, Oxford University Press (2012) View citations (61)
   OUP Catalogue, Oxford University Press (2014) View citations (33)

2014

3. Exchange Rates and Global Financial Policies
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd. View citations (4)

2012

4. Lectures on Behavioral Macroeconomics
   Economics Books, Princeton University Press View citations (128)

1996

5. International Money: Postwar Trends and Theories
   OUP Catalogue, Oxford University Press View citations (32)

Edited books

2020

1. Economic Growth and Structural Reforms in Europe
   Cambridge Books, Cambridge University Press View citations (14)

2012

2. Illicit Trade and the Global Economy, vol 1
   MIT Press Books, The MIT Press View citations (10)

2005

3. Exchange Rate Economics: Where Do We Stand?, vol 1
   MIT Press Books, The MIT Press View citations (33)
4. Prospects for Monetary Unions after the Euro, vol 1
   MIT Press Books, The MIT Press View citations (9)

2001

5. The Political Economy of Monetary Union
   Books, Edward Elgar Publishing View citations (7)

Chapters

2014

1. Animal Spirits and Monetary Policy
   Chapter 18 in Exchange Rates and Global Financial Policies, 2014, pp 473-520 View citations (2)
   See also Working Paper Animal Spirits and Monetary Policy, CESifo (2008) View citations (15) (2008)
2. Booms and Busts in Economic Activity: A Behavioral Explanation
   Chapter 19 in Exchange Rates and Global Financial Policies, 2014, pp 521-556 View citations (1)
   See also Journal Article Booms and busts in economic activity: A behavioral explanation, Elsevier (2012) View citations (99) (2012)
3. Chaos in the Dornbusch Model of the Exchange Rate
   Chapter 1 in Exchange Rates and Global Financial Policies, 2014, pp 3-32 View citations (7)
4. Conditions for Monetary Integration: A Geometric Interpretation
   Chapter 7 in Exchange Rates and Global Financial Policies, 2014, pp 219-230
5. Do Asymmetries Matter for European Monetary Policy?
   Chapter 13 in Exchange Rates and Global Financial Policies, 2014, pp 321-353
   See also Journal Article Do asymmetries matter for European monetary policy?, Elsevier (2002) View citations (80) (2002)
6. Exchange Rate Puzzles: A Tale of Switching Attractors
   Chapter 3 in Exchange Rates and Global Financial Policies, 2014, pp 71-117
   See also Journal Article Exchange rate puzzles: A tale of switching attractors, Elsevier (2006) View citations (207) (2006)
   Working Paper Exchange Rate Puzzles: A Tale of Switching Attractors, Sveriges Riksbank (Central Bank of Sweden) (2004) View citations (3) (2004)
7. Exchange Rates and Fundamentals: A Non-Linear Relationship?
   Chapter 5 in Exchange Rates and Global Financial Policies, 2014, pp 159-187
   See also Working Paper Exchange Rates and fundamentals - a Non-Linear Relationship?, CESifo (2001) View citations (16) (2001)
   Journal Article Exchange rates and fundamentals: a non-linear relationship?, John Wiley & Sons, Ltd. (2007) View citations (23) (2007)
8. Exchange Rates in Search of Fundamentals: The Case of the Euro–Dollar Rate
   Chapter 4 in Exchange Rates and Global Financial Policies, 2014, pp 121-158
   See also Journal Article Exchange Rates in Search of Fundamentals: The Case of the Euro–Dollar Rate, Wiley Blackwell (2000) View citations (29) (2000)
   Working Paper Exchange Rates in Search of Fundamentals: The Case of the Euro-Dollar Rate, C.E.P.R. Discussion Papers (2000) View citations (33) (2000)
9. Heterogeneity of Agents, Transactions Costs and the Exchange Rate
   Chapter 2 in Exchange Rates and Global Financial Policies, 2014, pp 33-70
   See also Journal Article Heterogeneity of agents, transactions costs and the exchange rate, Elsevier (2005) View citations (83) (2005)
10. Is Europe an Optimum Currency Area? Evidence from Regional Data
    Chapter 8 in Exchange Rates and Global Financial Policies, 2014, pp 231-252
    See also Working Paper Is Europe an Optimum Currency Area? Evidence from Regional Data, C.E.P.R. Discussion Papers (1991) View citations (88) (1991)
11. Is Inflation always and Everywhere a Monetary Phenomenon?
    Chapter 14 in Exchange Rates and Global Financial Policies, 2014, pp 357-382 View citations (1)
    See also Working Paper Is Inflation Always and Everywhere a Monetary Phenomenon?, C.E.P.R. Discussion Papers (2001) View citations (45) (2001)
12. Lessons from the Banking Crisis: A Return to Narrow Banking
    Chapter 16 in Exchange Rates and Global Financial Policies, 2014, pp 415-426
    See also Journal Article Lessons from the Banking Crisis: A Return to Narrow Banking, ifo Institute - Leibniz Institute for Economic Research at the University of Munich (2009) View citations (10) (2009)
13. Monetary Policy and the Real Economy
    Chapter 15 in Exchange Rates and Global Financial Policies, 2014, pp 383-414
14. Setting Conversion Rates for the Third Stage of EMU
    Chapter 9 in Exchange Rates and Global Financial Policies, 2014, pp 253-268
    See also Journal Article Setting conversion rates for the third stage of EMU, Banca Nazionale del Lavoro (1997) View citations (9) (1997)
    Working Paper Setting Conversion Rates for the Third Stage of EMU, C.E.P.R. Discussion Papers (1997) View citations (9) (1997)
15. The Euro and Financial Crises
    Chapter 10 in Exchange Rates and Global Financial Policies, 2014, pp 269-272
16. The Governance of a Fragile Eurozone
    Chapter 12 in Exchange Rates and Global Financial Policies, 2014, pp 297-320
    See also Journal Article The Governance of a Fragile Eurozone, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research (2012) View citations (209) (2012)
    Working Paper The Governance of a Fragile Eurozone, University of St. Gallen, School of Economics and Political Science, Institute of Economics (FGN-HSG) (2012) View citations (197) (2012)
17. The Impact of FX Central Bank Intervention in a Noise Trading Framework
    Chapter 6 in Exchange Rates and Global Financial Policies, 2014, pp 189-216
    See also Working Paper The impact of FX Central Bank Intervention in a Noise Trading Framework, Department of Economics at the University of Luxembourg (2008) (2008)
18. The Scientific Foundation of Dynamic Stochastic General Equilibrium (DSGE) Models
    Chapter 17 in Exchange Rates and Global Financial Policies, 2014, pp 427-472
19. What Have We Learnt about Monetary Integration since the Maastricht Treaty?
    Chapter 11 in Exchange Rates and Global Financial Policies, 2014, pp 273-296
    See also Journal Article What Have we Learnt about Monetary Integration since the Maastricht Treaty?*, Wiley Blackwell (2006) View citations (63) (2006)
    Working Paper What have we learnt about monetary integration since the Maastricht Treaty?, Macerata University, Department of Studies on Economic Development (DiSSE) (2008) (2008)

2012

20. Booms and busts: New Keynesian and behavioural explanations
    Chapter 6 in What’s Right with Macroeconomics?, 2012, pp 149-180 View citations (7)
    See also Working Paper Booms and Busts: New Keynesian and Behavioral Explanations, CESifo (2010) View citations (2) (2010)
21. Preface
    A chapter in : Lectures on Behavioral Macroeconomics, 2012

2011

22. European Monetary Union
    Palgrave Macmillan View citations (8)
23. The Banking Crisis: Causes, Consequences and Remedies
    Chapter 2 in Systemic Implications Of Transatlantic Regulatory Cooperation And Competition, 2011, pp 23-46 View citations (3)
24. What Kind of Governance for the Eurozone?
    Chapter 2 in The Economic Crisis and European Integration, 2011

2010

25. The Euro Experience and Lessons for the GCC Currency Union
    Chapter 4 in Currency Union and Exchange Rate Issues, 2010

2007

26. Preconditions for a Successful Euro Adoption
    Chapter 7 in Macroeconomic Policies for EU Accession, 2007

1988

27. Exchange Rate Variability, Misalignment, and the European Monetary System
    A chapter in Misalignment of Exchange Rates: Effects on Trade and Industry, 1988, pp 77-104 View citations (8)

1981

28. Monetary Policies and the Exchange Rates in the E.C. Countries
    A chapter in International Seminar on Macroeconomics 1979, 1981, pp 343-371
    See also Journal Article Monetary policies and the exchange rates in the E.C.-Countries, Elsevier (1980) (1980)