Policy Papers

Why does the spread between LIBOR and expected future policy rates persist, and should central banks do something about it?, www.voxeu.org, June 3, 2008

Monitoring the European Central Bank #6: Transparency and Governance, (with P. Geraats and C. Wyplosz), February 2008.

An evaluation of Swedish Monetary Policy 1995-2005, November 28, 2006.  (with F. Mishkin)

Rebalancing Growth in China: A Three-Handed Approach, November 25, 2005, (with O. Blanchard). Mimeo.

Towards a new Stability and Growth Pact, January 2005, mimeo.

MECB UPDATE: 2001, (with A. Alesina, O. Blanchard, J. Gali´, H. Uhlig), London: CEPR, September 2001.    

Twelve is Company, Twenty-seven is a Crowd: Preparing the  ECB for Enlargement, (with R. Balwin, E. Berglof, and M. Widgrén), September 2001. 

Monitoring European Integration #11: Nice Try : Should the Treaty of Nice be Ratified?, (with R. Balwin, E. Berglof, and M. Widgrén), London: CEPR, June 2001. 

Monitoring the European Central Bank #3: Defining a Macroeconomic Framework for the Euro Area, (with A. Alesina, O. Blanchard, J. Galì and H.Uhlig), London: CEPR, 2001.

EU Reforms for Tomorrow´s Europe, (with R. Baldwin, E. Berglof and M. Widgrén), CEPR Discussion Paper No. 2623, November 2000.

Italian Labor Force Participation: Disguised Unemployment on Campus, (with A.Gentilini and R. Dornbusch), October 2000, mimeo.

External Evaluation of IMF Economic Research Activities, (with F. Mishkin and T.N. Srinivasan), April 2000.

European Financial Markets After EMU: A First Assessment, (with Jean-Pierre Danthine, and Ernst-Ludwig von Thadden), NBER Working Paper No.8044, December 2000.

Monitoring European Integration 9: European Banking after EMU, London, CEPR (1999). (with J.P. Danthine, E.L. von Thadden, X. Vives).

Heading off China´s Financial Crisis, (with R. Dornbusch), March 6, 1999.

Progress in the theory of economic policy, (with A. Giovannini), March 1999.

Hard Currency and Sound Credit : A Financial Agenda for Central Europe, (with R. Dornbusch), January 1999.

Monitoring the European Central Bank 1: "The ECB: Safe at Any Speed?", London, CEPR (1998). (with D. Begg, C. Wyplosz, P. De Grauwe and H. Uhlig).

Monitoring European Intergration 7: EMU: Getting the Endgame Right, London, CEPR (1997). (with D. Begg, J. Von Hagen and C. Wyplosz).

Monitoring European Intergration 6: Flexible Intergration, London, CEPR (1995). (with M. Dewatripont and others).

Options for the Future Exchange Rate Policy of the EMU, London, CEPR (1997). (with D. Begg and C. Wyplosz).