Details about Paolo A. Pesenti

Access statistics for papers by Paolo A. Pesenti.

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Short-id: ppe152

Working Papers

2019

1. The Perplexing Co-Movement of the Dollar and Oil Prices
   Liberty Street Economics, Federal Reserve Bank of New York

2016

2. At the N.Y. Fed: The Transatlantic Economy: Convergence or Divergence?
   Liberty Street Economics, Federal Reserve Bank of New York

2011

3. Commodity prices, commodity currencies, and global economic developments
   European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (16)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (8)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (10)
   Staff Reports, Federal Reserve Bank of New York (2009) View citations (1)
   See also Chapter (2011)

2008

4. Oil Price Movements and the Global Economy: A Model-Based Assessment
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (24)
   Also in Staff Working Papers, Bank of Canada (2007) View citations (7)
   NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (25)
   See also Journal Article in IMF Staff Papers (2008)
5. Varieties and imbalances: the extensive margins of the current account adjustment
   2008 Meeting Papers, Society for Economic Dynamics View citations (1)
6. Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
   RSCAS Working Papers, European University Institute View citations (4)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (9)
   NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (17)

2007

7. Productivity, terms of trade and the 'home market effect'
   Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (28)
   See also Journal Article in Journal of International Economics (2007)

2006

8. Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
   Also in Staff Reports, Federal Reserve Bank of New York (2006) View citations (4)
   NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (5)
   See also Journal Article in Journal of the Japanese and International Economies (2006)
9. Welfare-based monetary policy rules in an estimated DSGE model of the US economy
   Working Paper Series, European Central Bank View citations (53)
10. Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Staff Reports, Federal Reserve Bank of New York (2006) View citations (9)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (7)
    See also Journal Article in Journal of Economic Dynamics and Control (2008)

2005

11. Productivity Spillovers, Terms of Trade and the "Home Market Effect"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Sciences Po publications, Sciences Po (2005) View citations (7)
    Staff Reports, Federal Reserve Bank of New York (2005) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (13)
    Working Papers, HAL (2005) View citations (5)
12. Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    See also Chapter (2007)
    Journal Article in Proceedings (2005)
13. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (25)
    Also in Economics Working Papers, European University Institute (2005) View citations (22)
    Staff Reports, Federal Reserve Bank of New York (2005) View citations (21)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (33)
    See also Chapter (2009)

2004

14. Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (104)
    Staff Reports, Federal Reserve Bank of New York (2004) View citations (116)
    Working Paper Series, European Central Bank (2004) View citations (136)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (108)

2003

15. Monetary Rules for Small, Open, Emerging Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (187)
    See also Journal Article in Journal of Monetary Economics (2003)

2002

16. International Dimensions of Optimal Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (52)
    Staff Reports, Federal Reserve Bank of New York (2001) View citations (98)
    See also Journal Article in Journal of Monetary Economics (2005)
17. Self-Validating Optimum Currency Areas
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (80)
    Also in Staff Reports, Federal Reserve Bank of New York (2002) View citations (70)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (73)

2001

18. The Role of Large Players in Currency Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Chapter (2002)

1999

19. Competitive Devaluations: A Welfare-Based Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    Also in Staff Reports, Federal Reserve Bank of New York (1999) View citations (25)

1998

20. Interpreting the ERM Crisis: Country-Specific and Systemic Issues
    Princeton Studies in International Economics, International Economics Section, Departement of Economics Princeton University, View citations (34)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (1997) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (19)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1997) View citations (1)
21. Paper Tigers? A Model of the Asian Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (93)
    Also in Research Paper, Federal Reserve Bank of New York (1998) View citations (64)
    See also Journal Article in European Economic Review (1999)
22. What Caused the Asian Currency and Financial Crisis?
    Working Papers, Banca Italia - Servizio di Studi View citations (211)
    Also in Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area (1998) View citations (133)
    See also Journal Article in Japan and the World Economy (1999)
23. What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (125)
24. What Caused the Asian Currency and Financial Crisis? Part II: The Policy Debate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (81)

1997

25. Welfare and Macroeconomic Interdependence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (65)
    See also Journal Article in The Quarterly Journal of Economics (2001)

1996

26. Do Nontraded Goods Explain the Home Bias Puzzle?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)

1995

27. A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (1995) View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (12)

1990

28. PERFORATE AND IMPERFORATE CURRENCY BANDS: EXCHANGE RATE MANAGEMENT AND THE TERM STRUCTURE OF INTEREST RATE DIFFERENTIALS
    Working Papers, Yale - Economic Growth Center View citations (2)
29. RATIONAL SPECULATION BUBBLES IN EXCHANGE RATE TARGET ZONE
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (7)
    Economic Research Papers, University of Warwick - Department of Economics (1990) View citations (6)

Undated

30. Back to the Future: Revisiting the European Crisis
    Liberty Street Economics, Federal Reserve Bank of New York
31. How Easy Is It to Forecast Commodity Prices?
    Liberty Street Economics, Federal Reserve Bank of New York

Journal Articles

2015

1. Endogenous Exchange-Rate Pass-through and Self-Validating Exchange Rate Regimes
   Journal Economía Chilena (The Chilean Economy), 2015, 18, (3), 62-89 View citations (3)
   See also Chapter (2015)

2013

2. Varieties and the transfer problem
   Journal of International Economics, 2013, 89, (1), 1-12 View citations (46)

2012

3. Comment
   NBER International Seminar on Macroeconomics, 2012, 8, (1), 90 - 95

2008

4. Oil Price Movements and the Global Economy: A Model-Based Assessment
   IMF Staff Papers, 2008, 55, (2), 297-311 View citations (25)
   See also Working Paper (2008)
5. The Global Economy Model: Theoretical Framework
   IMF Staff Papers, 2008, 55, (2), 243-284 View citations (24)
6. Would protectionism defuse global imbalances and spur economic activity? A scenario analysis
   Journal of Economic Dynamics and Control, 2008, 32, (8), 2651-2689 View citations (7)
   See also Working Paper (2006)

2007

7. Productivity, terms of trade and the `home market effect'
   Journal of International Economics, 2007, 73, (1), 99-127 View citations (59)
   See also Working Paper (2007)

2006

8. Deflationary shocks and monetary rules: An open-economy scenario analysis
   Journal of the Japanese and International Economies, 2006, 20, (4), 665-698 View citations (4)
   See also Working Paper (2006)

2005

9. International dimensions of optimal monetary policy
   Journal of Monetary Economics, 2005, 52, (2), 281-305 View citations (253)
   See also Working Paper (2002)
10. Smooth landing or crash? model based scenarios of global current account rebalancing
    Proceedings, 2005 View citations (35)
    See also Working Paper (2005)
    Chapter (2007)

2003

11. Monetary rules for small, open, emerging economies
    Journal of Monetary Economics, 2003, 50, (5), 1109-1146 View citations (198)
    See also Working Paper (2003)
12. When leaner isn't meaner: measuring the benefits and spillovers of greater competition in Europe
    Proceedings, 2003 View citations (1)

2002

13. Can Nontradables Generate Substantial Home Bias?
    Journal of Money, Credit and Banking, 2002, 34, (1), 25-50 View citations (59)

2001

14. Welfare and Macroeconomic Interdependence
    The Quarterly Journal of Economics, 2001, 116, (2), 421-445 View citations (480)
    See also Working Paper (1997)

2000

15. Competitive devaluations: toward a welfare-based approach
    Journal of International Economics, 2000, 51, (1), 217-241 View citations (71)
16. The (Past and) Future of European Currencies
    Latin American Journal of Economics-formerly Cuadernos de Economía, 2000, 37, (110), 35-62 View citations (3)
17. The economics of currency crises and contagion: an introduction
    Economic Policy Review, 2000, (sep), 3-16 View citations (17)

1999

18. Paper tigers?: A model of the Asian crisis
    European Economic Review, 1999, 43, (7), 1211-1236 View citations (201)
    See also Working Paper (1998)
19. Stability, Asymmetry, and Discontinuity: The Launch of European Monetary Union
    Brookings Papers on Economic Activity, 1999, 30, (2), 295-372 View citations (40)
20. What caused the Asian currency and financial crisis?
    Japan and the World Economy, 1999, 11, (3), 305-373 View citations (316)
    See also Working Paper (1998)

1996

21. Wages, profits and the international portfolio puzzle
    European Economic Review, 1996, 40, (2), 219-254 View citations (101)

Books

2001

1. Financial Markets and European Monetary Cooperation
   Cambridge Books, Cambridge University Press View citations (2)
   Also in Cambridge Books, Cambridge University Press (1998) View citations (28)

Chapters

2015

1. Endogenous Exchange-Rate Pass-Through and Self-Validating Exchange Rate Regimes
   Chapter 11 in Economic Policies in Emerging-Market Economies Festschrift in Honor of Vittorio Corbo, 2015, vol. 21, pp 229-261 View citations (3)
   See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2015)

2013

2. Theoretical notes on commodity prices and monetary policy
   A chapter in Globalisation and inflation dynamics in Asia and the Pacific, 2013, vol. 70, pp 79-90 View citations (1)

2011

3. Comment on "Firm Heterogeneity, Endogenous Entry, and the Business Cycle"
   A chapter in NBER International Seminar on Macroeconomics 2011, 2011, pp 90-95 View citations (1)
4. Commodity Prices, Commodity Currencies, and Global Economic Developments
   A chapter in Commodity Prices and Markets, 2011, pp 15-42 View citations (16)
   See also Working Paper (2011)

2009

5. Comment on "Reflections on Monetary Policy in the Open Economy"
   A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 142-148
6. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 65-116 View citations (2)
   See also Working Paper (2005)

2007

7. Comment on "Current Account Dynamics and Monetary Policy"
   A chapter in International Dimensions of Monetary Policy, 2007, pp 244-250
8. Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing
   A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 377-456 View citations (32)
   See also Journal Article in Proceedings (2005)
   Working Paper (2005)

2002

9. The Role of Large Players in Currency Crises
   A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 197-268 View citations (8)
   See also Working Paper (2001)

2001

10. Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances
    A chapter in Regional and Global Capital Flows: Macroeconomic Causes and Consequences, 2001, pp 11-41 View citations (10)