Articles

2020

8 October 2020 (El País) Article on El País: ‘The design of the Monetary and Economic Union turns 50’ (El diseño de la Unión Monetaria y Económica)

Authors: Joaquín Almunia (former Vice President of the European Commission and Honorary President of the Barcelona Graduate School of Economics) and Ramon Marimon is Pierre Werner Chair and professor of Economics at the European University Institute (Florence) and at the Pompeu Fabra University (Barcelona).

> Full article (in Spanish)

> English translation

2018

Poeschl, Zhang, Housing, Financial Crises and Macroprudential Regulation: The Case of Spain – May 2018
Bayer, Kim, Kriwoluzky, The Term Structure of Redomination Risk – May 2018
Gourinchas, Martin, Messer, The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis – May 2018
Dolado, Motyovszki, Pappa, Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity – May 2018
Dedola, Georgiadis, Grab, Does a Big Bazooka Matter? Central Bank Balance-Sheet Policies and Exchange Rates – May 2018

2017

Beukers, Thomas and Bruno de Witte and Claire Kilpatrick, “Constitutional change through Euro-crisis law: taking stock, new perspectives and looking ahead”, in: Beukers, De Witte and Kilpatrick (eds.), Constitutional Change Through Euro-Crisis Law (Cambridge University Press, 2017) p. 1-24.
Beukers, Thomas and Marijn van der Sluis, “Different Integration from the Perspective of Non-Euro Area Member States”, in: Beukers, De Witte and Kilpatrick (eds.), Constitutional Change Through Euro-Crisis Law (Cambridge University Press, 2017) p. 143-176.
Beukers, Thomas, “The Eurozone Crisis and the Autonomy of Member States in Economic Union: Changes and Challenges, in: Research Handbook on the Law of the EU’s Internal Market (Edgar Elgar Publishing, 2017) p. 263-288
Lanati, Mauro, “ The impact of foreign aid on migration revisited,” Max Weber Programme WP 2017/05
Steinbach, Armin, “ Insurance-type Coordination under EU Law,” 28 Swiss Review of International and European Law 19-40 (2017).
Steinbach, Armin, “ Effect-based Analysis in the Jurisprudence on the Euro Crisis,” 42 European Law Review 255-270 (2017).
Steinbach, Armin, “ All’s well that ends well? Crisis policy after the German Constitutional Court’s ruling,” in Gauweiler, 24 Maastricht Journal of European and Comparative Law 140-149 (2017).
Steinbach, Armin, “ Promoting Coherence Between PTAs and the WTO Through Systemic Integration,” Journal of International Economic Law 20 (2017) 61-85 (with Pamela Apaza).

2016

Gaballo, G. & Marimon, R. (2016), Breaking the spell with credit-easing: self-confirming credit crises in competitive search economies, ADEMU Working Paper; 2016/001
Kapetanios, George, Khalaf, L. & Marcellino, M. (2016), ‘ Factor based identification-robust inference in IV regressions’, Journal of applied econometrics, Vol. 31, No. 5, pp. 821–842
Steinbach, Armin, “ Structural Reforms in EU Member States: Exploring Sanction-based and Reward-based Mechanism,” ADEMU Working Paper; 2016/040.
Steinbach, Armin, “ Promoting Coherence Between PTAs and the WTO Through Systemic Integration,” RSCAS Working Paper; 2016

2015

Canova, Fabio; Perez-Forero, Fernando; “ A General Algorithm for Estimating Structural VARs”, Quantitative Economics, 2015, 6(2).
Canova, Fabio; Schlaepfer, Alain; “ Has the Euro-Mediterranean Partnership changed Mediterranean Business Cycles?” – Appendix, Journal of Applied Econometrics, 03/2015, 30(2).
Marcellino, Massimiliano; Carriero, Andrea; Todd, Clark; “ Bayesian VARs: Specification Choices and Forecasting Performance”, Journal of Applied Econometrics, 2015, 30, 46-73.
Marcellino, Massimiliano; Foroni, Claudia; Schumacher, Christian; “ U-MIDAS: MIDAS regressions with unrestricted lag polynomial”, Journal of the Royal Statistical Society, 2015, Series A, 178, 57-82.
Marcellino, Massimiliano; Bulligan, Guido; Venditti, Fabrizio; “ Forecasting economic activity with targeted predictors”, International Journal of Forecasting, 2015, 31, 188-206.
Marcellino, Massimiliano; Lemke, Wolfgang; Eickmeier, Sandra; “ A Classical Time Varying FAVAR Model: Estimation, Forecasting, and Structural Analysis”, Journal of the Royal Statistical Society, 2015, Series A, 178, 57-82.

2014

Bridging DSGE Models and the Raw Data, Fabio Canova, “Journal of Monetary Economics”, 2014, vol. 67, issue C, 1-15.
A General Algorithm for Estimating Structural VARs, Fabio Canova and F. Perez-Forero, “Quantitative Economics”, Volume 6, Issue 2 (July 2015)
The effects of the monetary policy stance on the transmission mechanism, Massimiliano Marcellino with Ana Galvao, “Studies in Nonlinear Dynamics and Econometrics”, 2014, vol. 18(3).
Forecasting with Factor Augmented Error Correction Models, Massimiliano Marcellino, Anindya Banerjee and Igor Masten, “International Journal of Forecasting”, 2014, vol. 30, 589-612.

2013

Pooling Versus Model Selection for Nowcasting GDP with Many Predictors: Empirical Evidence for six Industrialized Countries , Journal of Applied Econometrics Massimiliano Marcellino, Vladimir Kuzin and Christian Schumacher, 2013
Forecasting with Factor Augmented Error Correction Models , International Journal of Forecasting ,
Massimiliano Marcellino, Anindya Banerjee and Igor Masten, 2013
Markov Switching MIDAS Models , Journal of Business and Economic Statistics Massimiliano Marcellino and Pierre Guérin, 2013
The Effects of the Monetary Policy Stance on the Transmission Mechanism , Studies in Nonlinear Dynamics and Econometrics Massimiliano Marcellino and Ana Beatriz Galvao, 2013
Bayesian VARs: Specification Choices and Forecasting Performance , Journal of Applied Econometrics , Massimiliano Marcellino, Andrea Carriero and Todd Clark, 2013
The multiscale causal dynamics of foreign exchange markets ”, Journal of International Money and Finance , 33, 282-305
Massimiliano Marcellino and Stelios Bekiros, 2013
Massimiliano Marcellino; Mario Porqueddu; Fabrizio Venditti, “Short-term GDP forecasting with a mixed frequency dynamic factor model with stochastic volatility” Banca d’Italia , Temi di Discussione, 896, 2013

2012

Massimiliano Marcellino; Guido Bulligan and Fabrizio Venditti “Forecasting economic activity with targeted predictors”, Banca d’Italia, Temi di Discussione, 847
Elena Carletti; Franklin Allen; Douglas Gale “Money, Financial Stability and Efficiency”, Journal of Economic Theory , 2012
Elena Carletti; Franklin Allen “What’s Systemic Risk?”, Journal of Money, Credit and Banking , 2012
Elena Carletti; Franklin Allen; Ana Babus “Asset Commonality, Debt Maturity and Systemic Risk”, Journal of Financial Economics , 2012, 104(3), 519-534
Carriero, Andrea; Kapetanios, George; Marcellino, Massimiliano “Forecasting Government Bond Yields with Large Bayesian VARs”, Journal of Banking and Finance , 2012, 36(7), 2026-2047.
Demertzis, Maria; Marcellino, Massimilinao; Viegi, Nicola “ A Credibility Proxi: Tracking US Monetary Developments ”, B.E. Journal of Macroeconomics , Topics, 2012, 12(1).

2011

Allen, Franklin; Carletti, Elena; Marquez, Robert; “Credit Market Competition and Capital Regulation” Review of Financial Studies, 2011, 24(4), 983–1018, lead article
Allen, Franklin; Carletti, Elena; Leonello, Agnese, “Deposit Insurance and Risk Taking” (with), Oxford Review of Economic Policy, 2011, 27(3), 464-478
Allen, Franklin; “New Theories to Underpin Financial Reform”, Journal of Financial Stability, forthcoming – 2011
Carriero, Andrea; Kapetanios, George; Marcellino, Massimiliano “ Forecasting Large Datasets with Bayesian Reduced Rank Multivariate Models ”, Journal of Applied Econometrics, 2011, 26, 736-761.
Kuzin, Vladimir; Marcellino, Massimiliano; Schumaker, Christian “MIDAS vs Mixed-Frequency VAR for Nowcasting GDP in the Euro Area”, International Journal of Forecasting , 2011, 27, 529-542.
Carriero, Andrea “Sectoral survey-based confidence indicators for Europe”, Oxford Bulletin of Economics and Statistics , 73, 175–206.
Musso, Alberto “The Reliability of Real Time Estimates of the Euro Area Output Gap”, with, Economic Modelling , 2011, 28, 1842–1856.
Frale, Cecilia; Mazzi, Gianluigi; Marcellino, Massimiliano; Proietti, Tommaso “EUROMIND: A Monthly Indicator of the Euro Area Economic Conditions” Journal of the Royal Statistical Society , 2011, Series A, 174, 439-470.
Angelini, Elena; Marcellino, Massimiliano “Econometric Analyses with Backdated Data: Unified Germany and the Euro Area”, Economic Modelling , 2011, 28, 1405–1414.
Deak, Szabolcs; Fontagné, Lionel; Maffezzoli, Marco; Marcellino, Massimiliano “LSM: A DSGE Model for Luxembourg”, Economic Modelling , 2011, 28, 2862–2872.
Kuzin Vladimir; Marcellino Massimiliano; Schumaker Christian; ‘MIDAS vs Mixed-Frequency VAR for Nowcasting GDP in the Euro Area’, with, International Journal of Forecasting, 2011, 27, 529-542.
Carriero Andrea; Marcellino Massimiliano; ‘Sectoral survey-based confidence indicators for Europe’ Oxford Bulletin of Economics and Statistics, 2011, 73, 175–206.
Marcellino Massimiliano; Musso Alberto; ‘The Reliability of Real Time Estimates of the Euro Area Output Gap’ with, Economic Modelling, 2011, 28, 1842–1856.
Frale Cecilia; Marcellino Massimiliano; Mazzi Gianluigi; Proietti Tommaso; ‘EUROMIND: A Monthly Indicator of the Euro Area Economic Conditions’, Journal of the Royal Statistical Society, 2011, 174, 439-470.

2010

Empirical Simultaneous Confidence Regions for Path-Forecasts ,
Massimiliano Marcellino, Oscar Jorda and Malte Knueppel, 2010
Corsetti, Giancarlo; Meier, André; Müller, Gernot J., ‘Cross-Border Spillovers from Fiscal Stimulus’, International Journal of Central Banking, 2010, 6, 1, 5-37.
Corsetti, Giancarlo; Kuester, Keith; Meier, André, Müller, Gernot; ‘Debt Consolidation and Fiscal Stabilization of Deep Recessions’, American Economic Review, 2010, 100(2), 41-45.

2008

Corsetti, Giancarlo; ‘A Modern Reconsideration of the Theory of Optimal Currency Areas’, European Economy Economic Papers, 2008, 308, 1-39.
Corsetti, Giancarlo et.al., ‘Proceedings of the Twenty-second Annual Congress of the European Economic Association, Budapest, August 2007’, Journal of the European Economic Association, 2008, 6, 2-3, 255-726.
Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain; ‘International Risk Sharing and the Transmission of Productivity Shocks’, Review of Economic Studies, 2008, 75, 2, 443-473.
Corsetti, Giancarlo; Mueller, Gernot; ‘Twin Deficits, Openness, and the Business Cycle’, Journal of the European Economic Association, 2008, 6(2-3), 404-413.
Corsetti, Giancarlo; Bergin, Paul; ‘The Extensive Margin and Monetary Policy’, Journal of Monetary Economics, 2008, 55, 7, 1222-1237.
Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain; ‘High Exchange Rate Volatility and Low Pass-through’, Journal of Monetary Economics, 2008 55(6), 1113-1128, previously CEPR dp 5377.

2007

Corsetti, Giancarlo; Martin, Philippe; Pesenti, Paolo; ‘Productivity Spillovers, Terms of Trade and the ‘Home Market Effect’’, Journal of International Economics, 2007, 73(1): 99-127. Previously DP 4964, NBER WP 11165.
Corsetti, Giancarlo; Mueller, Gernot; ‘Twin deficit, Openness and the Business Cycle’, prepared for the 2007 EEA Meeting in Budapest, CEPR discussion paper no. 4769, 2007, Journal of European Economic Association 2008, 6, 2-3, 404-413.

2006

Corsetti, Giancarlo; Mackowiak, Bartosz; ‘Fiscal Imbalances and the Dynamics of Currency Crises’, European Economic Review, 2006, 50, 1317-1338.
Corsetti, Giancarlo; Guimaraes, Bernardo; Roubini, Nouriel; ‘International Lending of Last Resort and Moral Hazard: A Model of IMF’s Catalytic Finance’, Journal of Monetary Economics, 2006, 53, 441-471.
Corsetti, Giancarlo; ‘Openness and the Case for Flexible Exchange Rates’, Research in Economics, 2006, 60, 1-21.
Corsetti, Giancarlo; Mueller, Gernot; ‘Twin Deficits: Squaring Theory Evidence and Common Sense’, Economic Policy, 2006, 48, 597-638.
Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain; ‘Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries’, in Lucrezia Reichlin and Kennet West (eds.), NBER International Seminar on Microeconomics, 2006. (Also CEPR Discussion Paper 5853, NBER Working Paper 12483).