Details about Antonio Fatas

Homepage:	https://faculty.insead.edu/fatas
Postal address:	1 Ayer Rajah Avenue Singapore 138676 Singapore
Workplace:	INSEAD

Access statistics for papers by Antonio Fatas.

Last updated 2025-06-08. Update your information in the RePEc Author Service.

Short-id: pfa1

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Working Papers

2025

1. Dynamic Effects of Fiscal Rules: Do Initial Conditions Matter ?
   Policy Research Working Paper Series, The World Bank

2023

2. Fiscal Policy Volatility and Growth in Emerging Markets and Developing Economies
   Policy Research Working Paper Series, The World Bank View citations (1)
   See also Journal Article Fiscal policy volatility and growth in emerging markets and developing economies, International Review of Economics & Finance, Elsevier (2024) View citations (1) (2024)
3. Supply or Demand? Policy Makers' Confusion in the Presence of Hysteresis
   Working Paper Series, Federal Reserve Bank of San Francisco
   Also in Working Papers, University of California, Davis, Department of Economics (2022) View citations (2)
   See also Journal Article Supply or demand? Policy makers’ confusion in the presence of hysteresis, European Economic Review, Elsevier (2024) (2024)

2022

4. Supply or Demand? Policy Makers’ Confusion in the Presence of Hysteresis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
5. Was the ICO Boom just a Sideshow of the Bitcoin and Ether Momentum?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article Was the ICO boom just a sideshow of the Bitcoin and Ether Momentum?, Journal of International Financial Markets, Institutions and Money, Elsevier (2022) View citations (3) (2022)

2021

6. The Elusive State of Full Employment
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2020

7. Hysteresis and Business Cycles
   IMF Working Papers, International Monetary Fund View citations (15)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (15)
   See also Journal Article Hysteresis and Business Cycles, Journal of Economic Literature, American Economic Association (2023) View citations (34) (2023)

2019

8. The Motives to Borrow
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
   Also in IMF Working Papers, International Monetary Fund (2019) View citations (15)

2018

9. Fiscal Policy, Potential Output and the Shifting Goalposts
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   See also Journal Article Fiscal Policy, Potential Output, and the Shifting Goalposts, IMF Economic Review, Palgrave Macmillan (2019) View citations (7) (2019)

2016

10. The Permanent Effects of Fiscal Consolidations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (24)
    See also Journal Article The permanent effects of fiscal consolidations, Journal of International Economics, Elsevier (2018) View citations (130) (2018)
    Chapter The Permanent Effects of Fiscal Consolidations, NBER Chapters, National Bureau of Economic Research, Inc (2017) View citations (8) (2017)

2015

11. The Agenda for Structural Reform in Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

2013

12. Recoveries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

2012

13. Fiscal Policy as a Stabilization Tool
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (63)
    See also Journal Article Fiscal Policy as a Stabilization Tool, The B.E. Journal of Macroeconomics, De Gruyter (2012) View citations (63) (2012)

2010

14. Fiscal Policy and the Current Account
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)
    See also Journal Article Fiscal Policy and the Current Account, IMF Economic Review, Palgrave Macmillan (2011) View citations (65) (2011)

2009

15. The Euro and Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
    See also Chapter The Euro and Fiscal Policy, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (51) (2010)

2007

16. The Stabilizing Role of Government Size
    Working Papers, International Economics Institute, University of Valencia View citations (11)
    Also in Working Papers, Banco de España (2007) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (8)
    See also Journal Article The stabilizing role of government size, Journal of Economic Dynamics and Control, Elsevier (2008) View citations (74) (2008)

2006

17. Quantitative goals for monetary policy
    Working Paper Series, European Central Bank View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (13)
    See also Journal Article Quantitative Goals for Monetary Policy, Journal of Money, Credit and Banking, Blackwell Publishing (2007) View citations (8) (2007)

2005

18. Is there a Case for Sophisticated Balanced-Budget Rules?
    OECD Economics Department Working Papers, OECD Publishing View citations (7)
19. Policy Volatility, Institutions and Economic Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (60)
    See also Journal Article Policy Volatility, Institutions, and Economic Growth, The Review of Economics and Statistics, MIT Press (2013) View citations (112) (2013)

2004

20. The Macroeconomic Effects of Fiscal Rules in the US States
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    See also Journal Article The macroeconomic effects of fiscal rules in the US states, Journal of Public Economics, Elsevier (2006) View citations (166) (2006)

2002

21. The Case for Restricting Fiscal Policy Discretion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
    See also Journal Article The Case for Restricting Fiscal Policy Discretion, The Quarterly Journal of Economics, President and Fellows of Harvard College (2003) View citations (440) (2003)
22. The Effects of Business Cycles on Growth
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (20)
    See also Chapter The Effects of Bussiness Cycles on Growth, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2002) (2002)

2001

23. Do Monetary Handcuffs Restrain Leviathan? Fiscal Policy in Extreme Exchange Rate Regimes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (42)
24. The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (488)

1999

25. Government Size and Automatic Stabilizers: International and Intranational Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
    See also Journal Article Government size and automatic stabilizers: international and intranational evidence, Journal of International Economics, Elsevier (2001) View citations (311) (2001)

1997

26. EMU: Countries or Regions? Lessons from the EMS Experience
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (78)
    See also Journal Article EMU: Countries or regions? Lessons from the EMS experience, European Economic Review, Elsevier (1997) View citations (80) (1997)

1996

27. Endogenous Growth and Stochastic Trends
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article Endogenous growth and stochastic trends, Journal of Monetary Economics, Elsevier (2000) View citations (39) (2000)

1995

28. International Business Cycles and the Dynamics of the Current Account
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article International business cycles and the dynamics of the current account, European Economic Review, Elsevier (1996) View citations (36) (1996)

1994

29. Regional Labour Market Dynamics in Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (33)
    See also Journal Article Regional labor market dynamics in Europe, European Economic Review, Elsevier (1995) View citations (361) (1995)

Journal Articles

2024

1. Fiscal policy volatility and growth in emerging markets and developing economies
   International Review of Economics & Finance, 2024, 92, (C), 758-777 View citations (1)
   See also Working Paper Fiscal Policy Volatility and Growth in Emerging Markets and Developing Economies, Policy Research Working Paper Series (2023) View citations (1) (2023)
2. Supply or demand? Policy makers’ confusion in the presence of hysteresis
   European Economic Review, 2024, 161, (C)
   See also Working Paper Supply or Demand? Policy Makers' Confusion in the Presence of Hysteresis, Working Paper Series (2023) (2023)

2023

3. Hysteresis and Business Cycles
   Journal of Economic Literature, 2023, 61, (1), 181-225 View citations (34)
   See also Working Paper Hysteresis and Business Cycles, IMF Working Papers (2020) View citations (15) (2020)

2022

4. Was the ICO boom just a sideshow of the Bitcoin and Ether Momentum?
   Journal of International Financial Markets, Institutions and Money, 2022, 80, (C) View citations (3)
   See also Working Paper Was the ICO Boom just a Sideshow of the Bitcoin and Ether Momentum?, CEPR Discussion Papers (2022) (2022)

2021

5. Fighting the scarring effects of COVID-19
   (Stagnation traps)
   Industrial and Corporate Change, 2021, 30, (2), 459-466 View citations (3)

2019

6. Fiscal Policy, Potential Output, and the Shifting Goalposts
   IMF Economic Review, 2019, 67, (3), 684-702 View citations (7)
   See also Working Paper Fiscal Policy, Potential Output and the Shifting Goalposts, CEPR Discussion Papers (2018) View citations (1) (2018)

2018

7. The permanent effects of fiscal consolidations
   Journal of International Economics, 2018, 112, (C), 238-250 View citations (130)
   See also Working Paper The Permanent Effects of Fiscal Consolidations, NBER Working Papers (2016) View citations (32) (2016)
   Chapter The Permanent Effects of Fiscal Consolidations, NBER Chapters, 2017 (2017) View citations (8) (2017)

2013

8. Policy Volatility, Institutions, and Economic Growth
   The Review of Economics and Statistics, 2013, 95, (2), 362-376 View citations (112)
   See also Working Paper Policy Volatility, Institutions and Economic Growth, CEPR Discussion Papers (2005) View citations (60) (2005)

2012

9. Fiscal Policy as a Stabilization Tool
   The B.E. Journal of Macroeconomics, 2012, 12, (3), 68 View citations (63)
   See also Working Paper Fiscal Policy as a Stabilization Tool, CEPR Discussion Papers (2012) View citations (63) (2012)

2011

10. Fiscal Policy and the Current Account
    IMF Economic Review, 2011, 59, (4), 603-629 View citations (65)
    See also Working Paper Fiscal Policy and the Current Account, CEPR Discussion Papers (2010) View citations (30) (2010)

2009

11. Why Fiscal Stimulus is Likely to Work
    International Finance, 2009, 12, (1), 57-73 View citations (20)

2008

12. The stabilizing role of government size
    Journal of Economic Dynamics and Control, 2008, 32, (2), 571-593 View citations (74)
    See also Working Paper The Stabilizing Role of Government Size, Working Papers (2007) View citations (11) (2007)

2007

13. Quantitative Goals for Monetary Policy
    Journal of Money, Credit and Banking, 2007, 39, (5), 1163-1176 View citations (8)
    Also in Journal of Money, Credit and Banking, 2007, 39, (5), 1163-1176 (2007) View citations (73)
    See also Working Paper Quantitative goals for monetary policy, Working Paper Series (2006) View citations (8) (2006)

2006

14. The macroeconomic effects of fiscal rules in the US states
    Journal of Public Economics, 2006, 90, (1-2), 101-117 View citations (166)
    See also Working Paper The Macroeconomic Effects of Fiscal Rules in the US States, CEPR Discussion Papers (2004) View citations (9) (2004)

2003

15. The Case for Restricting Fiscal Policy Discretion
    The Quarterly Journal of Economics, 2003, 118, (4), 1419-1447 View citations (440)
    See also Working Paper The Case for Restricting Fiscal Policy Discretion, CEPR Discussion Papers (2002) View citations (23) (2002)

2001

16. Government size and automatic stabilizers: international and intranational evidence
    Journal of International Economics, 2001, 55, (1), 3-28 View citations (311)
    See also Working Paper Government Size and Automatic Stabilizers: International and Intranational Evidence, CEPR Discussion Papers (1999) View citations (19) (1999)

2000

17. Do Business Cycles Cast Long Shadows? Short-Run Persistence and Economic Growth
    Journal of Economic Growth, 2000, 5, (2), 147-62 View citations (90)
18. Endogenous growth and stochastic trends
    Journal of Monetary Economics, 2000, 45, (1), 107-128 View citations (39)
    See also Working Paper Endogenous Growth and Stochastic Trends, CEPR Discussion Papers (1996) (1996)

1998

19. Does EMU need a fiscal federation?
    Economic Policy, 1998, 13, (26), 164-203 View citations (31)

1997

20. EMU: Countries or regions? Lessons from the EMS experience
    European Economic Review, 1997, 41, (3-5), 743-751 View citations (80)
    See also Working Paper EMU: Countries or Regions? Lessons from the EMS Experience, CEPR Discussion Papers (1997) View citations (78) (1997)
21. Irreversible Investment and Strategic Interaction
    Economica, 1997, 64, (253), 31-47 View citations (3)
22. Multipliers: imperfect competition or increasing returns to scale?
    Economics Letters, 1997, 57, (2), 197-201 View citations (2)

1996

23. International business cycles and the dynamics of the current account
    European Economic Review, 1996, 40, (2), 361-387 View citations (36)
    See also Working Paper International Business Cycles and the Dynamics of the Current Account, CEPR Discussion Papers (1995) (1995)

1995

24. Regional labor market dynamics in Europe
    European Economic Review, 1995, 39, (9), 1627-1655 View citations (361)
    See also Working Paper Regional Labour Market Dynamics in Europe, CEPR Discussion Papers (1994) View citations (33) (1994)

Books

2009

1. Macroeconomic Policy
   World Bank Publications - Books, The World Bank Group View citations (1)
   Also in World Bank Publications - Books, The World Bank Group (2009) View citations (1)

2008

2. Fiscal Policy, Stabilization, and Growth: Prudence or Abstinence?
   IDB Publications (Books), Inter-American Development Bank View citations (4)

Edited books

2020

1. Barcelona Report 2 - The Bank Business Model in the Post-Covid-19 World
   Vox eBooks, Centre for Economic Policy Research View citations (3)

Chapters

2017

1. The Permanent Effects of Fiscal Consolidations
   A chapter in NBER International Seminar on Macroeconomics 2017, 2017 View citations (8)
   See also Working Paper The Permanent Effects of Fiscal Consolidations, National Bureau of Economic Research, Inc (2016) View citations (32) (2016)
   Journal Article The permanent effects of fiscal consolidations, Elsevier (2018) View citations (130) (2018)

2010

2. The Euro and Fiscal Policy
   A chapter in Europe and the Euro, 2010, pp 287-324 View citations (51)
   See also Working Paper The Euro and Fiscal Policy, National Bureau of Economic Research, Inc (2009) View citations (53) (2009)

2002

3. Fiscal Policy and EMU: Challenges of the Early Years
   Chapter 5 in EMU and Economic Policy in Europe, 2002 View citations (7)
4. The Effects of Bussiness Cycles on Growth
   Chapter 7 in Economic Growth: Sources, Trends, and Cycles, 2002, vol. 6, pp 191-220
   See also Working Paper The Effects of Business Cycles on Growth, Central Bank of Chile (2002) View citations (20) (2002)