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How much Fiscal Discipline in a Monetary Union?
16 references·3 citing·43 second hop
How much Fiscal Discipline in a Monetary Union? (2013)How much Fiscal Discipline in a Monetary …Self-fulfilling crises in the Eurozone: An empirical test (2012)Self-fulfilling crises in the…What Explains the Surge in Euro Area Sovereign Spreads during the Financial Crisis of 2007–09? (2010)What Explains the Surge in Eu…The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks (2010)The Macroeconomic Effects of …The Pain of Original Sin (2005)The Pain of Original SinThe Economics of Exchange Rates (2004)The Economics of Exchange Rat…The Economics of Exchange Rates (2003)The Economics of Exchange Rat…The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? (2000)The Six Major Puzzles in Inte…Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?" (2000)Comments on Obstfeld and Rogo…Foundations of International Macroeconomics (1997)Foundations of International …Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries (1990)Can Severe Fiscal Contraction…The pure theory of country risk (1986)The pure theory of country ri…The pricing of bonds and bank loans in international markets (1986)The pricing of bonds and bank…Rational and Self-Fulfilling Balance-of-Payments Crises (1984)Rational and Self-Fulfilling …LDC Foreign Borrowing and Default Risk: An Empirical Investigation, 1976-80 (1984)LDC Foreign Borrowing and Def…The exchange rate system (1983)The exchange rate systemThe Debt-Deflation Theory of Great Depressions (1933)The Debt-Deflation Theory of …The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review (2020)The global financial crisis, …Introduction: Is the European Union Capable of Integrating Diverse Models of Capitalism? (2017)Introduction: Is the European…The Performativity of Potential Output: Pro-Cyclicality and Path Dependency in Coordinating European Fiscal Policies (2016)The Performativity of Potenti…A Model of Balance-of-Payments Crises (1979)Bank Runs, Deposit Insurance, and Liquidity (1983)Good-bye financial repression, hello financial crash (1985)Contagious Currency Crises (1996)Contagious Currency Crises: First Tests (1996)Contagion and Trade: Why Are Currency Crises Regional? (1998)Financing Constraints and Corporate Investment (1987)Financing Constraints and Corporate Investment (1988)An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output (2002)Household Expenditure and the Income Tax Rebates of 2001 (2006)Growth Forecast Errors and Fiscal Multipliers (2013)The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States (2013)Capital Mobility and Stabilization Policy Under Fixed and Flexible Exchange Rates (1963)Expectations and Exchange Rate Dynamics (1976)Empirical exchange rate models of the seventies (1983)Order Flow and Exchange Rate Dynamics (1999)The obstinate passion of Foreign Exchange Professionals: \ntechnical analysis (2006)Firm-Specific Assets and the Link Between Exchange Rates and Foreign Direct Investment (2019)Credit Rationing in Markets with Imperfect Information (1981)Reputation and imperfect information (1982)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)The Economics of Development: A Survey (1989)The Economics and Law of Sovereign Debt and Default (2009)Debt with Potential Repudiation: Theoretical and Empirical Analysis (1981)Spurious regression and residual-based tests for cointegration in panel data (1999)Measuring bilateral spillover and testing contagion on sovereign bond markets in Europe (2014)Varieties of capitalism in light of the euro crisis (2017)EMU risk-synchronisation and financial fragility through the prism of dynamic connectedness (2020)The Limits of Financial Globalization (2005)An Equilibrium Model of “Global Imbalances” and Low Interest Rates (2008)Cultural Biases in Economic Exchange? * (2009)Real and monetary determinants of real exchange rate behavior: Theory and evidence from developing countries (1988)EXCHANGE RATE MISALIGNMENT IN DEVELOPING COUNTRIES (1989)Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know? (1999)Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects (1997)Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries (2000)The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence (2001)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Chapter 21 The financial accelerator in a quantitative business cycle framework (1999)Market Liquidity and Funding Liquidity (2008)The determinants of cross-border equity flows (2004)Financial Globalization: A Reappraisal (2006)Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation (2008)
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References

  • 1997Foundations of International Macroeconomics2,980 cited
  • 1933The Debt-Deflation Theory of Great Depressions2,516 cited
  • 2010The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks2,096 cited
  • 2000The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?2,067 cited
  • 2003The Economics of Exchange Rates1,327 cited
  • 1984Rational and Self-Fulfilling Balance-of-Payments Crises960 cited
  • 1990Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries692 cited
  • 2012Self-fulfilling crises in the Eurozone: An empirical test631 cited
  • 1986The pure theory of country risk573 cited
  • 1983The exchange rate system470 cited
  • 1984LDC Foreign Borrowing and Default Risk: An Empirical Investigation, 1976-80459 cited
  • 2004The Economics of Exchange Rates435 cited
  • 2010What Explains the Surge in Euro Area Sovereign Spreads during the Financial Crisis of 2007–09?312 cited
  • 1986The pricing of bonds and bank loans in international markets274 cited
  • 2005The Pain of Original Sin272 cited
  • 2000

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Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
256 cited

Cited by

  • 2017Introduction: Is the European Union Capable of Integrating Diverse Models of Capitalism?120 cited
  • 2016The Performativity of Potential Output: Pro-Cyclicality and Path Dependency in Coordinating European Fiscal Policies97 cited
  • 2020The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review55 cited