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Refereed Journal Articles

  1. 2023, The Geopolitical Relevance of Central Bank Digital Currencies, Intereconomics,Volume 58 July/August, Number 4, (with Josh Lipsky).

  2. 2023, Progress with the digital euro, Intereconomics, Volume 58 July/August, Number 4, (with Catarina Martins).

  3. 2022, Bourguignon, J., M. Demertzis and E. Sprenger, EU Enlargement in a New Light, Intereconomics, Volume 57, Number 4, p. 204.

  4. 2022, Monetary policy in the time of COVID-19, or how uncertainty is here to stay, Journal of Economic Policy, with M. Domínguez-Jiménez.

  5. 2022, The socioeconomic effects of COVID-19 on women,  forthcoming in World Financial Review, with Mia Hoffman.

  6. 2021, The great COVID-19 divergence: managing a sustainable and equitable recovery in the European Union, Paper presented at the Informal Ecofin, Lisbon, Intereconomics, Vol 56, No. 4, (with Claeys, G., Z. Darvas and G. Wolff).

  7. 2020, Hybrid and Cyber Security Threats and the EU’s Financial System, Journal of Financial Regulation, Volume 6, Issue 2, 20 September 2020, 306–316 (with Guntram Wolff).

  8. 2020, What are the prerequisites for a euro-area fiscal capacity? Journal of Economic Policy Reform, 23:3, 342-358, (with  Guntram B. Wolff).

  9. 2019. Identifying Booms and Busts in House Prices under Heterogeneous Expectations, Journal of Economic Dynamics and Control, Volume 103, June, pp 234-259, (with Wilko Bolt, Cees Diks, Cars Hommes and Marco van der Leij).

  10. 2019. State contingent debt as insurance for euro-area sovereigns, Bruegel Working Paper No. 3, April, Journal of Financial Regulation, Volume 5, Issue 1, March, pp 64–90, (with Stavros Zenios).

  11. 2019, Monetary Policy Beyond Normalisation, SUERF Policy Note, Issue 52, January.

  12. 2019, Will Macroprudential policy Counteract the Monetary Policy Effects on Bank Behavior?, North American Journal of Economics and Finance, Volume 48, 2019, pp 65-75, April (with Itai Agur).

  13. 2018, The EU Response to US Trade Tariffs, Intereconomics, Volume 53, September/October, Number 5 · pp. 260-268, (with Gustav Fredriksson).

  14. 2018, Fundamental uncertainty and unconventional monetary policy: an info-gap approach, Economic Modelling, Volume 73, June, pp 55-70, (with Yakov Ben-Haim and Jan Willem van den End).

  15. 2018, "Capital Markets Union and the Fintech Opportunity", Journal of Financial Regulation, 0, 1-9, (with Silvia Merler and Guntram Wolff).

  16. 2018,  Europe in a new world order, Wirtschaftsdienst, Heft 13, pp 24-30, (with Andre Sapir and Guntram Wolff).

  17.  2016, Decision Making in Times of Knightian Uncertainty: An Info-Gap Perspective.The Open-Access, Open Assessment e-journal, 23, (with Yakov Ben-Haim). 

  18. 2015, Three Different Approaches to Transparency in Monetary Policy, Economia Politica, October, 1-24, (with Andrew Hughes Hallett).

  19. 2013, “Leaning Against the Wind” and the Timing of Monetary Policy, Journal of International Money and Finance, 35, 179-194, (with Itai Agur).

  20. 2012, A Credibility Measure: Tracking US Monetary Developments, B.E. Journal of Macroeconomics, Vol. 12, 1, June, (with Massimiliano Marcellino and Nicola Viegi).

  21. 2011, How Anchored are Inflation Expectations in EMU Countries?, Economic Modelling, 28(1-2), 281-298, (with Carin van der Cruijsen).

  22. 2010, “Inflation Targeting: a Framework for Communication”, B.E. Journal of Macroeconomics (Topics), Vol. 9, 1, (with Nicola Viegi).

  23. 2009, “Europeanization or Globalization? Transnational Wage Bargaining and the Distribution of Activity in European Labor Markets”, North American Journal of Economics and Finance, Volume 20, Issue 2, August, 177-192, (with Andrew Hughes Hallett and Nicolien Schermer).

  24. 2008, “Asymmetric Information and Rational Expectations: When is it Right to be ‘Wrong’”, Journal of International Money and Finance, Vol. 27, No.8, December, 1407-1419, (with Andrew Hughes Hallett).

  25. 2008, “Inflation Targets as Focal Points”, International Journal of Central Banking, Vol. 4 No. 1, March, 55-87, (with Nicola Viegi).

  26. 2007, “Debating Fiscal Federalism in EMU: Plus ça change…” Quantitative Economic Policy:  Essays in honour of Andrew Hughes Hallett, R. Neck, C. Richter and P. Mooslechner (eds), Sringer-Verlag, 157-182.

  27. 2007, “The Costs of Increasing Transparency”, Open Economies Review, 18, 263-280, (with Marco Hoeberichts).

  28. 2007, “Dealing with Uncertainty: Robust Rules in Monetary Policy”, Scottish Journal of Political Economy, Vol. 54, No.2, May, 295-307 (with Alexander Tieman).

  29. 2007, “The Impact of Central Bank Transparency on Inflation Expectations”, European Journal of Political Economy, 23, March, 51-66, (with Carin van der Cruijsen).

  30. 2007, “Central Bank Transparency in Theory and Practice”, Journal of Macroeconomics, Vol. 29, 4, December, 760-789, (with Andrew Hughes Hallett).

  31. 2006, “The Role of Expectations in Monetary Policy”, International Finance, Volume 9, Number 3, 393-412.

  32. 2004, “Central Bank Independence: Low Inflation at no cost? Some Numerical Simulations”, Journal of Macroeconomics, Vol. 26, 4, 661-677.

  33. 2004, “An Independent Central Bank faced with Elected Governments: A Political Economy Conflict”, European Journal of Political Economy, Vol.20, Issue 4, November, 907-922, (with Andrew Hughes Hallett and Nicola Viegi).

  34. 2000, “Is the European Union a Natural Currency Area, or is it Held Together by the Policy Makers?” Weltwirtschaftliches Archives, Band 136, Heft 4, 657-679, (with Andrew Hughes Hallett and Ole Rummel).

  35. 2000, “The Single Currency and Labour Market Flexibility: a Necessary Partnership?” Scottish Journal of Political Economy, May, 141-155, (with Andrew Hughes Hallett and Yue Ma).

  36. 1999, “Can the ECB be Truly Independent? Should it?” EMPIRICA, 26, 217-240, also reprinted in Challenges for economic policy coordination within European Monetary Union by A. Hughes Hallett, Mooselechner and Schuerz, (eds), Kluwer, (with Andrew Hughes Hallett and Nicola Viegi).

  37. 1998, “Asymmetric Transmission Mechanisms and Divergence in Europe: A story of structural differences vs. policy failures?”, Journal of Economic Dynamics and Control, 22(6), 869-886, (with Andrew Hughes Hallett).

  38. 1996, “Regional Inequalities and the Business Cycle: An Explanation of the Rise in European Unemployment”, Regional Studies, Vol. 30, 1 February, pp. 15-30, (with Andrew Hughes Hallett).

  39. 1996, “Two-speed Europe: A suitable case for Modelling?” European Business Review, Vol. 96, Number 4, 3-6, (with Andrew Hughes Hallett).

Refereed Contributions to Books

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  1. 2022, Reviving the case for policy coordination in EMU, in The Cambridge Handbook on European Monetary, Economic and Financial Market Integration by (Editors) Dariusz Adamski, Fabian Amtenbrink, Jakob de Haan, forthcoming in Cambridge University Press, with Marta Domínguez Jiménez and Nicola Viegi. (manuscript)

  2. 2022, A return to what fiscal rules?, chapter 6 in Good Policies, a Gap Year on Reforms, A Yearbook on the Euro 2022,  edited by Fernando Fernández Méndez de Andés, (with Claeys, Grégory).

  3. 2021. Digital currencies: what role in our financial system?, The Routledge Handbook of FinTech, K. Thomas Liaw (ed), chapter 4, (with Grégory Claeys), (manuscript here).

  4. 2019. Facing the lower bound: What will the ECB do in the next recession? in Euro 2019 Yearbook, with Aliénor Cameron, Grégory Claeys..

  5. 2019, Braver, greener, fairer: Memos to the EU leadership 2019-2024, Bruegel, with Guntram Wolff.

  6. 2018. Changing Economic Fortunes for Europeans: Implications for Foreign Policy, in Domestic Determinants of Foreign Policy, Daniel Hamilton and Teija Tiilikainen, (eds), pp 119-141, Centre for Transatlantic Relationships, Washington DC.   

  7. 1999. “EMU and the External Value of the EURO?” in Politics and Economics of Europe, by F. Columbus (ed) NOVA Science Publishers, also Discussion Paper Series, No 2058, Centre for Economic Policy Research, London, (with Andrew Hughes Hallett)

  8. 1999. "Accountable but Independent: A Modest Proposal for the European Central Bank" Eleventh Lothian Conference, The ECB: A Central Bank for Europe?: Operational and Policy Challenges, Ray Kinsella and Beber (eds) 19 November, CEPR, (with Andrew Hughes Hallett and Nicola Viegi).

  9. 1998. "H Eurwpaikh enwpoihsh se duo tacuthteV ", MeleteV OikonomikhV PolitikhV, IMOP,Conference on European Monetary Integration, Athens, March, (with Andrew Hughes Hallett and Ole Rummel).

  10. 1998. "Is a 2-speed System in Europe the Answer to the Conflict between the German and the Anglo-Saxon Models of Monetary Control?" in M. Moersch and S. Black (eds.) Which Way Ahead for the European Financial Markets? The German or the Anglo-Saxon Model, Cambridge University Press, (with Andrew Hughes Hallett and Ole Rummel).

  11. 1997. "Does a core-periphery regime make Europe into an Optimal Currency Area?" in P. Welfens (Ed) European Monetary Union: Transition, International Impacts and Policy Options, Springer Verlag, (with Andrew Hughes Hallett and Ole Rummel).

  12. 1995. "Policy Co-ordination with Sticky Labour Markets: A European Study", IFAC Conference proceedings on 'Supplementary Ways of Increasing International Stability', Vienna, ELSEVIER, (with Andrew Hughes Hallett and Yue Ma).

  13. 1995. "Is the Natural Rate of Unemployment a Useful Concept for Europe?" in R. Cross (ed.) The Natural Rate of Unemployment after 25 years, Cambridge University Press, Cambridge and New York, pp 315-345, (with Andrew Hughes Hallett).

 

 

Older papers

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  1. Interdependence of Fiscal Debts in EMU, DNB Working Paper No. 309, (with Nicola Viegi).

  2. Public versus Private Information, DNB Working Paper No. 290.

  3. Anchors for Inflation Expectations, DNB Working Paper, No. 229 (with Massimiliano Marcellino and Nicola Viegi).

  4. The 'Wisdom of the Crowds' and Public Policy, DNB Working Paper, No. 203.

  5. Confidence in Monetary Policy, DNB Working Paper No. 192, (with Yakov Ben-Haim).

  6. Aiming for the Bull’s Eye: Inflation Targeting under Uncertainty, this version March 2007, (with Nicola Viegi).

 

 

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