Details about Tommaso Monacelli

Access statistics for papers by Tommaso Monacelli.

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Short-id: pmo32

Working Papers

2020

1. Bewley Banks
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
2. Fiscal Policy in Europe: A Helicopter View
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
3. Stabilization vs. Redistribution: the Optimal Monetary-Fiscal Mix
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)

2018

4. Real Interest Rates and Productivity in Small Open Economies
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
   Also in Working papers, Banque de France (2018) View citations (2)

2016

5. The Inherent Benefit of Monetary Unions
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
   Also in VfS Annual Conference 2016 (Augsburg): Demographic Change, Verein für Socialpolitik / German Economic Association (2016) View citations (9)
   Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2016) View citations (4)
   See also Journal Article in Journal of Monetary Economics (2020)
6. Understanding the Gains from Wage Flexibility: The Exchange Rate Connection
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (70)
   Also in Working Papers, Barcelona School of Economics (2015) View citations (3)
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2016) View citations (73)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (8)
   See also Journal Article in American Economic Review (2016)

2015

7. Deleverage and Financial Fragility
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2015) View citations (3)
8. Is Government Spending at the Zero Lower Bound Desirable?
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (4)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (25)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (28)
   See also Journal Article in American Economic Journal: Macroeconomics (2019)

2013

9. Public Debt and Redistribution with Borrowing Constraints
   PSE - Labex "OSE-Ouvrir la Science Economique", HAL View citations (43)
   Also in PSE-Ecole d'économie de Paris (Postprint), HAL (2013) View citations (41)
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2012) View citations (3)
   Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2013) View citations (41)
   Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2012) View citations (3)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (3)
   Post-Print, HAL (2013) View citations (40)
   See also Journal Article in Economic Journal (2013)

2012

10. Is Monetary Policy in an Open Economy Fundamentally Different?
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (3)

2011

11. Financial Markets and Unemployment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
12. How Institutions Shape the Distributive Impact of Macroeconomic Shocks: A DSGE Analysis
    OECD Economics Department Working Papers, OECD Publishing View citations (3)
13. Redistribution and the Multiplier
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    Also in Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2011) View citations (9)
    See also Journal Article in IMF Economic Review (2011)
14. Tax Cuts, Redistribution, and Borrowing Constraints
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (5)
15. Taxes and the Labor Market
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (3)
    See also Chapter (2013)

2010

16. Unemployment Fiscal Multipliers
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (148)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (148)
    See also Journal Article in Journal of Monetary Economics (2010)

2009

17. Housing finance and monetary policy
    Working Paper Series, European Central Bank View citations (62)
    See also Journal Article in Journal of the European Economic Association (2013)

2008

18. Fiscal Policy, Wealth Effects and Markups
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (151)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (159)
19. Optimal monetary and fiscal policy in a currency union
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (301)
    Also in Working Papers, Barcelona School of Economics (2005) View citations (15)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (23)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2005) View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (24)
    See also Journal Article in Journal of International Economics (2008)

2007

20. Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter?
    CFS Working Paper Series, Center for Financial Studies
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (72)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2006) View citations (7)

2006

21. New Keynesian Models, Durable Goods and Collateral Constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    See also Journal Article in Journal of Monetary Economics (2009)
22. Optimal Monetary Policy in a Small Open Economy with Home Bias
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (8)
    See also Journal Article in Journal of Money, Credit and Banking (2008)
23. Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
    See also Chapter (2008)

2005

24. Fiscal Policy Rules and Regime (In)Stability: Evidence from the U.S
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (53)
25. Optimal Interest Rate Rules, Asset Prices and Credit Frictions
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (41)
    See also Journal Article in Journal of Economic Dynamics and Control (2007)
26. Optimal Monetary Policy Rules, Asset Prices and Credit Frictions
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (23)

2004

27. Monetary policy and exchange rate volatility in a small open economy
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (33)
    Also in Working Papers, Barcelona School of Economics (2003) View citations (14)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (155)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (170)
    See also Journal Article in Review of Economic Studies (2005)
28. Ramsey Monetary Policy and International Relative Prices
    2004 Meeting Papers, Society for Economic Dynamics View citations (22)
    Also in CFS Working Paper Series, Center for Financial Studies (2004)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (22)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2004) View citations (23)
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University (2004) View citations (23)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (20)
    Working Paper Series, European Central Bank (2004) View citations (23)
    See also Journal Article in Proceedings (2003)

2003

29. Commitment, Discretion and Fixed Exchange Rates in an Open Economy
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (1)
30. Monetary Policy in a Low Pass-Through Environment
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (59)
    Also in Working Paper Series, European Central Bank (2003) View citations (76)
31. Monetary-Fiscal Mix and Inflation Performance: Evidence from the U.S
    Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University View citations (26)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (31)

2001

32. New International Monetary Arrangements and the Exchange Rate
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (6)
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (2001) View citations (6)
    See also Journal Article in International Journal of Finance & Economics (2001)

2000

33. Into the Mussa Puzzle: Monetary Policy Regimes and the Real Exchange Rate in a Small Open Economy
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (39)
    See also Journal Article in Journal of International Economics (2004)
34. Relinquishing Monetary Policy Independence
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (8)

1999

35. Optimal Monetary Policy and Exchange Rate Volatility in a Small Open Economy
    Boston College Working Papers in Economics, Boston College Department of Economics View citations (109)

Journal Articles

2021

1. Fiscal Policy in Europe: Controversies over Rules, Mutual Insurance, and Centralization
   Journal of Economic Perspectives, 2021, 35, (2), 77-100 View citations (8)

2020

2. The inherent benefit of monetary unions
   Journal of Monetary Economics, 2020, 111, (C), 63-79 View citations (4)
   See also Working Paper (2016)

2019

3. Is Government Spending at the Zero Lower Bound Desirable?
   American Economic Journal: Macroeconomics, 2019, 11, (3), 147-73 View citations (10)
   See also Working Paper (2015)

2016

4. Understanding the Gains from Wage Flexibility: The Exchange Rate Connection
   American Economic Review, 2016, 106, (12), 3829-68 View citations (69)
   See also Working Paper (2016)

2013

5. HOUSING FINANCE AND MONETARY POLICY
   Journal of the European Economic Association, 2013, 11, 101-122 View citations (248)
   See also Working Paper (2009)
6. Is Monetary Policy in an Open Economy Fundamentally Different&quest
   IMF Economic Review, 2013, 61, (1), 6-21 View citations (27)
7. Public Debt and Redistribution with Borrowing Constraints
   Economic Journal, 2013, F64-F98 View citations (43)
   See also Working Paper (2013)

2011

8. Comment
   NBER International Seminar on Macroeconomics, 2011, 7, (1), 87 - 94
9. Redistribution and the Multiplier
   IMF Economic Review, 2011, 59, (4), 630-651 View citations (9)
   See also Working Paper (2011)

2010

10. Fiscal Policy, the Real Exchange Rate and Traded Goods
    Economic Journal, 2010, 120, (544), 437-461 View citations (131)
11. Unemployment fiscal multipliers
    Journal of Monetary Economics, 2010, 57, (5), 531-553 View citations (146)
    See also Working Paper (2010)

2009

12. New Keynesian models, durable goods, and collateral constraints
    Journal of Monetary Economics, 2009, 56, (2), 242-254 View citations (208)
    See also Working Paper (2006)
13. The International Dimension of Inflation: Evidence from Disaggregated Consumer Price Data
    Journal of Money, Credit and Banking, 2009, 41, (s1), 101-120 View citations (84)
    Also in Journal of Money, Credit and Banking, 2009, 41, (s1), 101-120 (2009) View citations (10)

2008

14. Openness and the Sectoral Effects of Fiscal Policy
    Journal of the European Economic Association, 2008, 6, (2-3), 395-403 View citations (60)
15. Optimal Monetary Policy in a Small Open Economy with Home Bias
    Journal of Money, Credit and Banking, 2008, 40, (4), 721-750 View citations (154)
    Also in Journal of Money, Credit and Banking, 2008, 40, (4), 721-750 (2008) View citations (20)
    See also Working Paper (2006)
16. Optimal monetary and fiscal policy in a currency union
    Journal of International Economics, 2008, 76, (1), 116-132 View citations (291)
    See also Working Paper (2008)
17. The international dimension of inflation: evidence from disaggregated data
    Proceedings, 2008 View citations (1)

2007

18. Optimal interest rate rules, asset prices, and credit frictions
    Journal of Economic Dynamics and Control, 2007, 31, (10), 3228-3254 View citations (240)
    See also Working Paper (2005)

2005

19. Monetary Policy and Exchange Rate Volatility in a Small Open Economy
    Review of Economic Studies, 2005, 72, (3), 707-734 View citations (1133)
    See also Working Paper (2004)
20. Optimal fiscal policy in a monetary union
    Proceedings, 2005 View citations (12)

2004

21. Into the Mussa puzzle: monetary policy regimes and the real exchange rate in a small open economy
    Journal of International Economics, 2004, 62, (1), 191-217 View citations (105)
    See also Working Paper (2000)

2003

22. Ramsey monetary policy and international relative prices
    Proceedings, 2003 View citations (3)
    See also Working Paper (2004)

2001

23. New International Monetary Arrangements and the Exchange Rate
    International Journal of Finance & Economics, 2001, 6, (4), 389-400 View citations (6)
    See also Working Paper (2001)

1995

24. How much (a)symmetry in Europe? Evidence from industrial sectors
    European Economic Review, 1995, 39, (5), 1017-1041 View citations (63)

Chapters

2013

1. Taxes and the Labor Market
   Chapter 2 in Fiscal Policy and Macroeconomic Performance, 2013, vol. 17, pp 27-58
   See also Working Paper (2011)

2010

2. Comment on "Business Cycles in the Euro Area"
   A chapter in Europe and the Euro, 2010, pp 447-454
3. Comment on "Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks"
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 87-94

2008

4. Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints
   A chapter in Asset Prices and Monetary Policy, 2008, pp 103-146 View citations (18)
   See also Working Paper (2006)

2007

5. Comment on "Globalization and Inflation Dynamics: The Impact of Increased Competition"
   A chapter in International Dimensions of Monetary Policy, 2007, pp 579-590