Details about Behzad T. Diba

Homepage:	http://www9.georgetown.edu/faculty/dibab
Workplace:	Economics Department, Georgetown University, (more information at EDIRC)

Access statistics for papers by Behzad T. Diba.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

Short-id: pdi273

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Working Papers

2020

1. Optimal Dynamic Capital Requirements and Implementable Capital Buffer Rules
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (5)

2019

2. Pegging the Interest Rate on Bank Reserves: A Resolution of New Keynesian Puzzles and Paradoxes
   Working Papers, Georgetown University, Department of Economics View citations (1)

2017

3. Pegging the Interest Rate on Bank Reserves
   Working Papers, Center for Research in Economics and Statistics View citations (8)

2015

4. Fiscal Multipliers in Recessions
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
   Also in Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft (2012) View citations (14)
   See also Journal Article Fiscal Multipliers in Recessions, Economic Journal, Royal Economic Society (2016) View citations (101) (2016)

2013

5. Optimal Public Debt Management and Liquidity Provision
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)

2012

6. Optimal Monetary and Prudential Policies
   Working Papers, Center for Research in Economics and Statistics View citations (35)
   Also in Working papers, Banque de France (2012) View citations (47)
   See also Journal Article Optimal Monetary and Prudential Policies, American Economic Journal: Macroeconomics, American Economic Association (2017) View citations (105) (2017)

2010

7. Financial Shocks and Optimal Policy
   Working papers, Banque de France View citations (11)

2009

8. Goods Trade and International Equity Portfolios
   School of Economics and Public Policy Working Papers, University of Adelaide, School of Economics and Public Policy View citations (12)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (39)

2008

9. Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (65)
   Working Paper Research, National Bank of Belgium (2008) View citations (61)
   See also Journal Article Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (67) (2008)
10. Monetary and Fiscal Policy Coordination when Bonds Provide Transactions Services
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
11. The Macroeconomic Implications of a Key Currency
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2005

12. How Do Monetary and Fiscal Policy Interact in the European Monetary Union?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Chapter How Do Monetary and Fiscal Policy Interact in the European Monetary Union?, NBER Chapters, National Bureau of Economic Research, Inc (2006) View citations (9) (2006)

2004

13. The Cost of Nominal Inertia in NNS Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)

2002

14. The Need for International Policy Coordination: What's Old, What's New, What's Yet to Come?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
    See also Journal Article The need for international policy coordination: what's old, what's new, what's yet to come?, Journal of International Economics, Elsevier (2005) View citations (93) (2005)

1998

15. Fiscal Discipline and Exchange Rate Regimes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
16. Is the Price Level Determined by the Needs of Fiscal Solvency?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (64)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (37)
    See also Journal Article Is the Price Level Determined by the Needs of Fiscal Solvency?, American Economic Review, American Economic Association (2001) View citations (276) (2001)
17. Trends in European Productivity: Implications for Real Exchange Rates, Real Interest Rates and Inflation Differentials
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (25)

1996

18. Fiscal Constraints on Central Bank Independence and Price Stability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
19. Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (80)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (127)
    See also Journal Article Relative labor productivity and the real exchange rate in the long run: evidence for a panel of OECD countries, Journal of International Economics, Elsevier (1999) View citations (311) (1999)
20. Trends in European Productivity and Real Exchange Rates
    Working Papers, Banco de España View citations (12)
21. Trends in European Productivity and Real Exchange Rates: Implications for the Maastricht Convergence Criteria and for Inflation Targets after EMU
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)

1995

22. Causality Implications of the Public-Finance Approach to Inflation and Seigniorage
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1989

23. Bubbles and stock price volatility
    Working Papers, Federal Reserve Bank of Philadelphia
    See also Journal Article Bubbles and stock-price volatility, Proceedings, Federal Reserve Bank of St. Louis (1988) (1988)
24. Money, Inflation, and the Expected Real Interest Rate
    UCLA Economics Working Papers, UCLA Department of Economics
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1989)

1988

25. Have Money-Stock Fluctuations Had a Liquidity Effect on Expected Real Interest Rates
    UCLA Economics Working Papers, UCLA Department of Economics
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1988)

1987

26. Rational bubbles in stock prices?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1985) View citations (6)

1986

27. On the Inception of Rational Bubbles in Stock Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
28. Rational Inflationary Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article Rational inflationary bubbles, Journal of Monetary Economics, Elsevier (1988) View citations (30) (1988)

1985

29. The Impossibility of Rational Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

1984

30. Rational Bubbles in the Price of Gold
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (56)

1983

31. Rational Asset Price Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

Journal Articles

2024

1. Revisiting Speculative Hyperinflations in Monetary Models: A Rejoinder
   Review of Economic Dynamics, 2024, 52, 64-69

2018

2. The forward fiscal guidance puzzle and a resolution
   Journal of Economic Dynamics and Control, 2018, 89, (C), 26-46 View citations (7)

2017

3. Optimal Monetary and Prudential Policies
   American Economic Journal: Macroeconomics, 2017, 9, (1), 40-87 View citations (105)
   See also Working Paper Optimal Monetary and Prudential Policies, Working Papers (2012) View citations (35) (2012)
4. Should the Federal Reserve Pay Competitive Interest on Reserves?
   Journal of Money, Credit and Banking, 2017, 49, (4), 663-693 View citations (9)

2016

5. Fiscal Multipliers in Recessions
   Economic Journal, 2016, 126, (590), 75-108 View citations (101)
   See also Working Paper Fiscal Multipliers in Recessions, CEPR Discussion Papers (2015) View citations (18) (2015)
6. Optimal money and debt management: Liquidity provision vs tax smoothing
   Journal of Monetary Economics, 2016, 83, (C), 39-53 View citations (13)

2015

7. LIQUIDITY SHOCKS, EQUITY-MARKET FRICTIONS, AND OPTIMAL POLICY
   Macroeconomic Dynamics, 2015, 19, (6), 1195-1219 View citations (3)
8. Monetary Policy and the Natural Rate of Interest
   Journal of Money, Credit and Banking, 2015, 47, (2-3), 383-414 View citations (9)
   See also Chapter Monetary policy and the natural rate of interest, BIS Papers chapters, 2012, 65, 119-134 (2012) View citations (1) (2012)

2013

9. Addressing International Empirical Puzzles: the Liquidity of Bonds
   Open Economies Review, 2013, 24, (2), 197-215 View citations (8)
10. Key currency status: An exorbitant privilege and an extraordinary risk
    Journal of International Money and Finance, 2013, 37, (C), 371-393 View citations (16)

2012

11. Withering Government Spending Multipliers
    Journal of Money, Credit and Banking, 2012, 44, 185-210 View citations (6)
    Also in Journal of Money, Credit and Banking, 2012, 44, (s2), 185-210 (2012)

2011

12. The role of liquid government bonds in the great transformation of American monetary policy
    Journal of Economic Dynamics and Control, 2011, 35, (3), 282-294 View citations (18)

2008

13. Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework
    Journal of Money, Credit and Banking, 2008, 40, (8), 1667-1698 View citations (67)
    Also in Journal of Money, Credit and Banking, 2008, 40, (8), 1667-1698 (2008) View citations (12)
    See also Working Paper Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework, NBER Working Papers (2008) View citations (66) (2008)

2007

14. Euler equations and money market interest rates: A challenge for monetary policy models
    Journal of Monetary Economics, 2007, 54, (7), 1863-1881 View citations (92)
15. The Cost of Nominal Rigidity in NNS Models
    Journal of Money, Credit and Banking, 2007, 39, (7), 1563-1586 View citations (3)
    Also in Journal of Money, Credit and Banking, 2007, 39, (7), 1563-1586 (2007) View citations (32)

2006

16. New Keynesian Explanations of Cyclical Movements in Aggregate Inflation and Regional Inflation Differentials
    Open Economies Review, 2006, 17, (1), 27-55 View citations (18)

2005

17. Interest rate rules and price determinacy: The role of transactions services of bonds
    Journal of Monetary Economics, 2005, 52, (2), 329-343 View citations (61)
18. Price- and wage- inflation targeting: variations on a theme by Erceg, Henderson, and Levin
    Proceedings, 2005, 181-215 View citations (23)
19. The need for international policy coordination: what's old, what's new, what's yet to come?
    Journal of International Economics, 2005, 66, (2), 363-384 View citations (93)
    See also Working Paper The Need for International Policy Coordination: What's Old, What's New, What's Yet to Come?, NBER Working Papers (2002) View citations (49) (2002)

2002

20. Productivity Trends in Europe: Implications for Real Exchange Rates, Real Interest Rates, and Inflation
    Review of International Economics, 2002, 10, (3), 497-516 View citations (33)
21. Should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
    Proceedings - Economic Policy Symposium - Jackson Hole, 2002, 333-389 View citations (84)

2001

22. Fiscal Discipline and Exchange Rate Systems
    Economic Journal, 2001, 111, (474), 667-90 View citations (35)
23. Is the Price Level Determined by the Needs of Fiscal Solvency?
    American Economic Review, 2001, 91, (5), 1221-1238 View citations (276)
    See also Working Paper Is the Price Level Determined by the Needs of Fiscal Solvency?, CEPR Discussion Papers (1998) View citations (64) (1998)

1999

24. Relative labor productivity and the real exchange rate in the long run: evidence for a panel of OECD countries
    Journal of International Economics, 1999, 47, (2), 245-266 View citations (311)
    See also Working Paper Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries, NBER Working Papers (1996) View citations (80) (1996)
25. The Stability and Growth Pact: A Delicate Balance or an Albatross?
    Empirica, 1999, 26, (3), 241-258 View citations (16)

1995

26. Equity as a call option on assets: Some tests for failed banks
    Economics Letters, 1995, 48, (3-4), 389-397 View citations (2)

1993

27. Currency substitution and exchange rate volatility in the European Community
    Journal of International Economics, 1993, 35, (3-4), 351-365 View citations (7)

1992

28. The inflation discipline of currency substitution
    European Economic Review, 1992, 36, (4), 827-845 View citations (26)

1991

29. Bounds for the correlations of expected inflation with real and nominal interest rates
    Economics Letters, 1991, 36, (4), 385-389
30. Fiscal deficits, financial integration, and a central bank for Europe
    Journal of the Japanese and International Economies, 1991, 5, (4), 381-403 View citations (37)
31. Money, Output, and the Expected Real Interest Rate
    The Review of Economics and Statistics, 1991, 73, (1), 10-17 View citations (3)

1988

32. Bubbles and stock-price volatility
    Proceedings, 1988, 9-29
    See also Working Paper Bubbles and stock price volatility, Working Papers (1989) (1989)
33. Explosive Rational Bubbles in Stock Prices?
    American Economic Review, 1988, 78, (3), 520-30 View citations (420)
34. Private-sector decisions and the U.S. trade deficit
    Business Review, 1988, (Sep), 15-24
35. Rational inflationary bubbles
    Journal of Monetary Economics, 1988, 21, (1), 35-46 View citations (30)
    See also Working Paper Rational Inflationary Bubbles, NBER Working Papers (1986) View citations (24) (1986)
36. The Theory of Rational Bubbles in Stock Prices
    Economic Journal, 1988, 98, (392), 746-54 View citations (196)

1987

37. A Critique of Variance Bounds Tests for Monetary Exchange Rate Models: A Note
    Journal of Money, Credit and Banking, 1987, 19, (1), 104-11 View citations (10)
38. On the Inception of Rational Bubbles
    The Quarterly Journal of Economics, 1987, 102, (3), 697-700 View citations (86)

1984

39. Utility functions for public outputs and majority voting
    Journal of Public Economics, 1984, 25, (1-2), 235-243 View citations (4)

1982

40. A Note on "Public Sector Growth: A Real Perspective."
    Public Finance = Finances publiques, 1982, 37, (1), 114-19 View citations (6)

Chapters

2012

1. Monetary policy and the natural rate of interest
   A chapter in Threat of fiscal dominance?, 2012, vol. 65, pp 119-134 View citations (1)
   See also Journal Article Monetary Policy and the Natural Rate of Interest, Blackwell Publishing (2015) View citations (9) (2015)

2010

2. The Interaction Between Monetary and Fiscal Policy
   Chapter 17 in Handbook of Monetary Economics, 2010, vol. 3, pp 935-999 View citations (38)

2006

3. How Do Monetary and Fiscal Policy Interact in the European Monetary Union?
   A chapter in NBER International Seminar on Macroeconomics 2004, 2006, pp 241-326 View citations (9)
   See also Working Paper How Do Monetary and Fiscal Policy Interact in the European Monetary Union?, National Bureau of Economic Research, Inc (2005) View citations (18) (2005)