List of Papers, by Project/Topic

Macroeconomic Implications of Limited Asset Market Participation
‘Limited Asset Market Participation, Monetary Policy and (Inverted) Keynesian Logic’, (revised and resubmitted to Journal of Economic Theory), older version here: Nuffield College, University of Oxford Working Paper 2005-09.

Asset Market Participation, Monetary Policy Rules and the Great Inflation’, with Roland Straub (IMF), International Monetary Fund Working Paper 06/200 (submitted).

‘Saving the Output Euler Equation’, with Roland Straub (International Monetary Fund); in progress, available soon

Fiscal Policy in General Equilibrium
‘Fiscal Policy, Business Cycles and Labour Market Fluctuations’, with Roland Straub (International Monetary Fund), WP 2004-6 at Hungarian National Bank - old version, new version available soon.
‘What Accounts for the Change in U.S. Fiscal Policy Transmission?’, (submitted) with Gernot Mueller (Goethe Universitat Frankfurt) and Andre Meier (International Monetary Fund), ECB Working Paper 2006/582

Non-Separable Preferences, Fiscal Policy 'Puzzles' and Inferior Goods’, (submitted) Mimeo

Macroeconomic Implications of Entry, Variety and Exit
‘Endogenous Entry, Product Variety and Business Cycles’, with Fabio Ghironi (Boston College) and Marc Melitz (Princeton), Mimeo, Presented i.a. at NBER Economic Fluctuations and Growth Meeting, New York, Sept. 2006.

Monopoly Power and Endogenous Variety in Dynamic Stochastic General Equilibrium: Distortions and Remedies’ - with Fabio Ghironi (Boston College) and Marc Melitz (Princeton), Manuscript.
‘Monetary Policy, Inflation, and Firm Dynamics’ –in progress, with Fabio Ghironi (Boston College) and Marc Melitz (Princeton)
More soon!!!

Political Economy and Macroeconomic Policy
• ‘Incomplete Fiscal Rules with Imperfect Enforcement’, (submitted), with David Stasavage, New York University. Working Paper, Nuffield College, University of Oxford, WP2005-10
• ‘Fiscal Contracts for a Monetary Union’, (submitted), Working Paper, Nuffield College, University of Oxford, WP2005-11 - substantially revised version of 2001 'Delegation and coordination ...' below.
• ‘‘Deus ex machina: The inconsistency of optimal 'monetary' delegation.”, (submitted), revised version of older version available here: Working Paper, Nuffield College, University of Oxford, WP2005-12
• ‘Designing Domestic Institutions for International Monetary Policy Cooperation: A Utopia?’, (submitted). Substantially revised version of 2002 The utopia of implementing international monetary policy cooperation through domestic institutions, Working Paper, Nuffield College, University of Oxford, WP2005-13
• ‘Delegation and coordination in fiscal-monetary policy games: Implementation of the best feasible equilibrium’, 2001 – Working Paper ECO 2001/13, EUI
• 'Inflation targets and contracts and strategic incentives for delegation in international monetary policy', 2000, Olga Radzyner Award – Working Paper ECO 2001/16 at EUI

Last updated: 18 Oct.  2006