Details about Paolo A. Pesenti

Homepage:	http://www.newyorkfed.org/research/economists/pesenti/index.html
Workplace:	Research and Statistics Group, Federal Reserve Bank of New York, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC)

Access statistics for papers by Paolo A. Pesenti.

Last updated 2023-01-20. Update your information in the RePEc Author Service.

Short-id: ppe152

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Working Papers

2022

1. The Transatlantic Economy Policy Responses to the Pandemic and the Road to Recovery Conference
   Liberty Street Economics, Federal Reserve Bank of New York

2021

2. The International Experience of Central Bank Asset Purchases and Inflation
   Liberty Street Economics, Federal Reserve Bank of New York

2019

3. The Perplexing Co-Movement of the Dollar and Oil Prices
   Liberty Street Economics, Federal Reserve Bank of New York View citations (2)

2016

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

2013

5. Varieties and the transfer problem
   SciencePo Working papers Main, HAL
   Also in Post-Print, HAL (2013) View citations (48)
   See also Journal Article in Journal of International Economics (2013)

2011

6. Back to the Future: Revisiting the European Crisis
   Liberty Street Economics, Federal Reserve Bank of New York
7. 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 (34)
   Also in Staff Reports, Federal Reserve Bank of New York (2009) View citations (2)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (17)
   NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (16)
   See also Chapter (2011)
8. How Easy Is It to Forecast Commodity Prices?
   Liberty Street Economics, Federal Reserve Bank of New York

2008

9. Oil Price Movements and the Global Economy: A Model-Based Assessment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
   Also in Staff Working Papers, Bank of Canada (2007) View citations (12)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (33)
   See also Journal Article in IMF Staff Papers (2008)
10. Varieties and imbalances: the extensive margins of the current account adjustment
    2008 Meeting Papers, Society for Economic Dynamics View citations (2)
11. Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment
    RSCAS Working Papers, European University Institute View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (19)

2007

12. Productivity, terms of trade and the 'home market effect'
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (67)
    Also in Post-Print, HAL (2007) View citations (63)
    Post-Print, HAL (2007) View citations (1)
    See also Journal Article in Journal of International Economics (2007)

2006

13. Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in Staff Reports, Federal Reserve Bank of New York (2006) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (6)
    See also Journal Article in Journal of the Japanese and International Economies (2006)
14. Welfare-based monetary policy rules in an estimated DSGE model of the US economy
    Working Paper Series, European Central Bank View citations (65)
15. Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in Staff Reports, Federal Reserve Bank of New York (2006) View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (7)
    See also Journal Article in Journal of Economic Dynamics and Control (2008)

2005

16. Productivity Spillovers, Terms of Trade and the "Home Market Effect"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Sciences Po publications, Sciences Po (2005) View citations (14)
    SciencePo Working papers Main, HAL (2005)
    Working Papers, HAL (2005) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (15)
    Staff Reports, Federal Reserve Bank of New York (2005) View citations (9)
17. Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    See also Journal Article in Proceedings (2005)
    Chapter (2007)
18. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (35)
    Also in Staff Reports, Federal Reserve Bank of New York (2005) View citations (22)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (43)
    Economics Working Papers, European University Institute (2005) View citations (32)
    See also Chapter (2009)

2004

19. Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (188)
    Working Paper Series, European Central Bank (2004) View citations (193)
    Staff Reports, Federal Reserve Bank of New York (2004) View citations (123)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (111)

2003

20. Monetary Rules for Small, Open, Emerging Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (291)
    See also Journal Article in Journal of Monetary Economics (2003)

2002

21. International Dimensions of Optimal Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
    Also in Staff Reports, Federal Reserve Bank of New York (2001) View citations (98)
    NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (132)
    See also Journal Article in Journal of Monetary Economics (2005)
22. Self-Validating Optimum Currency Areas
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (97)
    Also in Staff Reports, Federal Reserve Bank of New York (2002) View citations (72)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (89)

2001

23. The Role of Large Players in Currency Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    See also Chapter (2002)

1999

24. Competitive Devaluations: A Welfare-Based Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    Also in Staff Reports, Federal Reserve Bank of New York (1999) View citations (25)

1998

25. 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 CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations (20)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (1997) View citations (2)
    CEP Discussion Papers, Centre for Economic Performance, LSE (1997) View citations (2)
26. Paper Tigers? A Model of the Asian Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (122)
    Also in Research Paper, Federal Reserve Bank of New York (1998) View citations (68)
    See also Journal Article in European Economic Review (1999)
27. What Caused the Asian Currency and Financial Crisis?
    Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area View citations (286)
    Also in Working Papers, Banca Italia - Servizio di Studi (1998) View citations (219)
    See also Journal Article in Japan and the World Economy (1999)
28. What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (174)
29. What Caused the Asian Currency and Financial Crisis? Part II: The Policy Debate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)

1997

30. Welfare and Macroeconomic Interdependence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (76)
    See also Journal Article in The Quarterly Journal of Economics (2001)

1996

31. Do Nontraded Goods Explain the Home Bias Puzzle?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)

1995

32. A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (12)

1990

33. 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)
34. 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 Economic Research Papers, University of Warwick - Department of Economics (1990) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (7)

Journal Articles

2020

1. The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective
   Economic Policy Review, 2020, 26, (4), 98-111

2015

2. Endogenous Exchange-Rate Pass-through and Self-Validating Exchange Rate Regimes
   Journal Economía Chilena (The Chilean Economy), 2015, 18, (3), 62-89 View citations (12)
   See also Chapter (2015)

2013

3. Varieties and the transfer problem
   Journal of International Economics, 2013, 89, (1), 1-12 View citations (56)
   See also Working Paper (2013)

2012

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

2009

5. Comment
   NBER International Seminar on Macroeconomics, 2009, 5, (1), 142 - 148

2008

6. Oil Price Movements and the Global Economy: A Model-Based Assessment
   IMF Staff Papers, 2008, 55, (2), 297-311 View citations (33)
   See also Working Paper (2008)
7. The Global Economy Model: Theoretical Framework
   IMF Staff Papers, 2008, 55, (2), 243-284 View citations (94)
8. 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 (14)
   See also Working Paper (2006)

2007

9. Productivity, terms of trade and the `home market effect'
   Journal of International Economics, 2007, 73, (1), 99-127 View citations (73)
   See also Working Paper (2007)
10. The Simple Geometry of Transmission and Stabilization in Closed and Open Economies [with Comments]
    NBER International Seminar on Macroeconomics, 2007, 2007, (1), 65 - 129

2006

11. Deflationary shocks and monetary rules: An open-economy scenario analysis
    Journal of the Japanese and International Economies, 2006, 20, (4), 665-698 View citations (6)
    See also Working Paper (2006)

2005

12. International dimensions of optimal monetary policy
    Journal of Monetary Economics, 2005, 52, (2), 281-305 View citations (309)
    See also Working Paper (2002)
13. Smooth landing or crash? model based scenarios of global current account rebalancing
    Proceedings, 2005 View citations (35)
    See also Chapter (2007)
    Working Paper (2005)

2003

14. Monetary rules for small, open, emerging economies
    Journal of Monetary Economics, 2003, 50, (5), 1109-1146 View citations (292)
    See also Working Paper (2003)
15. When leaner isn't meaner: measuring the benefits and spillovers of greater competition in Europe
    Proceedings, 2003 View citations (1)

2002

16. Can Nontradables Generate Substantial Home Bias?
    Journal of Money, Credit and Banking, 2002, 34, (1), 25-50 View citations (72)

2001

17. Welfare and Macroeconomic Interdependence
    The Quarterly Journal of Economics, 2001, 116, (2), 421-445 View citations (564)
    See also Working Paper (1997)

2000

18. Competitive devaluations: toward a welfare-based approach
    Journal of International Economics, 2000, 51, (1), 217-241 View citations (91)
19. The (Past and) Future of European Currencies
    Latin American Journal of Economics-formerly Cuadernos de Economía, 2000, 37, (110), 35-62 View citations (5)
20. The economics of currency crises and contagion: an introduction
    Economic Policy Review, 2000, (Sep), 3-16 View citations (21)

1999

21. Paper tigers?: A model of the Asian crisis
    European Economic Review, 1999, 43, (7), 1211-1236 View citations (255)
    See also Working Paper (1998)
22. Stability, Asymmetry, and Discontinuity: The Launch of European Monetary Union
    Brookings Papers on Economic Activity, 1999, 30, (2), 295-372 View citations (51)
23. What caused the Asian currency and financial crisis?
    Japan and the World Economy, 1999, 11, (3), 305-373 View citations (439)
    See also Working Paper (1998)

1996

24. Wages, profits and the international portfolio puzzle
    European Economic Review, 1996, 40, (2), 219-254 View citations (120)

Books

2001

1. Financial Markets and European Monetary Cooperation
   Cambridge Books, Cambridge University Press View citations (11)
   Also in Cambridge Books, Cambridge University Press (1998) View citations (60)

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 (7)
   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 (3)

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 (35)
   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 (11)
   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 (69)
   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 (18)
   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 (16)