Gianluca Benigno

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

London School of Economics & Political Science (LSE) - Department of Economics

Research Associate

Houghton Street

London WC2A 2AE

United Kingdom

  • Federal Reserve Bank of New York

  • London School of Economics & Political Science (LSE) - Department of Economics

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    • Tel: +44 20 7955 7807
SCHOLARLY PAPERS

35

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547

Scholarly Papers (35)

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1.

Monetary Policy Rules and the Exchange Rate

Downloads 3,153 ( 8,471)
Citation 32

Monetary Policy Rules and the Exchange Rate

Number of pages: 61 Posted: 30 Jul 2000
Gianluca Benigno, Gianluca Benigno and Pierpaolo Benigno
Federal Reserve Bank of New York and University of Bern - Department of Economics
Downloads 3,127 (8,433)
Citation 30

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Monetary Policy Rules and the Exchange Rate

Number of pages: 63 Posted: 30 May 2001
Gianluca Benigno, Gianluca Benigno and Pierpaolo Benigno
Federal Reserve Bank of New York and University of Bern - Department of Economics
Downloads 26 (1,093,060)
Citation 2
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Monetary policy rules, exchange rate regimes, welfare criterion

2.

Real Exchange Rate Persistence and Monetary Policy Rules

Number of pages: 54 Posted: 29 Jan 2001
Gianluca Benigno and Gianluca Benigno
Federal Reserve Bank of New York
Downloads 1,400 (30,164)
Citation 19

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PPP Puzzle, monetary rules

3.

The GSCPI: A New Barometer of Global Supply Chain Pressures

FRB of New York Staff Report No. 1017
Number of pages: 22 Posted: 20 May 2022
Gianluca Benigno, Gianluca Benigno, Julian di Giovanni, Jan J. Groen and Adam I Noble
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Banks - Federal Reserve Bank of New York
Downloads 980 (50,477)
Citation 61

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global supply chain, inflation, transportation costs

4.

Equilibrium Exchange Rates and Supply-Side Performance

Bank of England Working Paper No. 156
Number of pages: 39 Posted: 11 Feb 2003
Christoph Thoenissen, Gianluca Benigno and Gianluca Benigno
University of St. Andrews - School of Management and Federal Reserve Bank of New York
Downloads 951 (52,604)
Citation 21

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Real exchange rates, PPP, monopolistic competition

5.

The Global Financial Resource Curse

Downloads 737 (74,269)
Citation 7

The Global Financial Resource Curse

FRB of New York Staff Report No. 915
Number of pages: 40 Posted: 21 Feb 2020
Gianluca Benigno, Gianluca Benigno, Luca Fornaro, Martin Wolf, Martin Wolf, Martin Wolf and Martin Wolf
Federal Reserve Bank of New York, Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and Centre for Economic Policy Research (CEPR)University of BonnUniversity of Vienna - Department of EconomicsUniversity of St. Gallen
Downloads 735 (73,360)
Citation 4

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global productivity growth, international financial integration, capital flows, U.S. productivity growth slowdown, low global interest rates, Bretton Woods II, export-led growth

The Global Financial Resource Curse

CEPR Discussion Paper No. DP14441
Number of pages: 50 Posted: 03 Mar 2020 Last Revised: 16 Aug 2020
Gianluca Benigno, Gianluca Benigno, Luca Fornaro, Martin Wolf, Martin Wolf, Martin Wolf and Martin Wolf
Federal Reserve Bank of New York, Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI) and Centre for Economic Policy Research (CEPR)University of BonnUniversity of Vienna - Department of EconomicsUniversity of St. Gallen
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Citation 3
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Bretton Woods II, Capital Flows, export-led growth, global productivity growth, global saving glut, International financial integration, low global interest rates, U.S. productivity growth slowdown

6.

Optimal Policy for Macro-Financial Stability

Downloads 678 (82,757)
Citation 2

Optimal Policy for Macro-Financial Stability

Number of pages: 35 Posted: 11 Aug 2019 Last Revised: 20 Feb 2020
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 237 (272,600)
Citation 1

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Constrained efficiency, Financial crises, Macroprudential policies and capital controls, Pecuniary externalities, Ramsey optimal policy, Social planner

Optimal Policy for Macro-Financial Stability

IDB Working Paper No. IDB-WP-361
Number of pages: 55 Posted: 21 Apr 2013
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric Young
Federal Reserve Bank of New York, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and Inter-American Development Bank (IDB)
Downloads 231 (279,631)

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Optimal Policy for Macro-Financial Stability

FRB of St. Louis Working Paper No. 2012-041A
Number of pages: 49 Posted: 20 Oct 2012
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 129 (473,382)

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Capital Controls, Exchange Rate Policy, Financial Frictions, Financial Crises, Macro-Financial Stability, Macro-Prudential Policies

Optimal Policy for Macro-Financial Stability

FRB of New York Staff Report No. 899, October 2019
Number of pages: 26 Posted: 21 Oct 2019
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, Uber Technologies, Inc., University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 60 (775,039)

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constrained efficiency, financial crises, macroprudential policies and capital controls, pecuniary externalities, Ramsey optimal policy, social planner

Optimal Policy for Macro-Financial Stability

NBER Working Paper No. w26397
Number of pages: 27 Posted: 30 Oct 2019 Last Revised: 16 Feb 2023
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 19 (1,185,731)
Citation 1

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Optimal Policy for Macro-Financial Stability

CEPR Discussion Paper No. DP9223
Number of pages: 41 Posted: 01 Feb 2013
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
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Bailouts, Capital Controls, Exchange Rate Policy, Financial Crises, Financial Frictions, Macro-Financial Stability, Macro-Prudential Policies

7.

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime Switching Approach

Downloads 577 (101,521)
Citation 14

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime Switching Approach

Number of pages: 67 Posted: 28 Oct 2019 Last Revised: 22 Oct 2020
Gianluca Benigno, Gianluca Benigno, Andrew T. Foerster, Chris Otrok and Alessandro Rebucci
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
Downloads 454 (134,533)
Citation 5

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COVID-19, Financial Crises, Business Cycles, Endogenous Regime-Switching, Bayesian Estimation, Occasionally Binding Constraints, Mexico

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach

FRB of New York Staff Report No. 944
Number of pages: 68 Posted: 27 Oct 2020
Gianluca Benigno, Gianluca Benigno, Andrew T. Foerster, Chris Otrok and Alessandro Rebucci
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
Downloads 65 (743,046)
Citation 5

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financial crises, business cycles, endogenous regime-switching, Bayesian estimation, occasionally binding constraints, Mexico

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach

NBER Working Paper No. w26935
Number of pages: 72 Posted: 06 Apr 2020 Last Revised: 05 Feb 2023
Gianluca Benigno, Gianluca Benigno, Andrew T. Foerster, Chris Otrok and Alessandro Rebucci
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
Downloads 56 (802,710)

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Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach

CEPR Discussion Paper No. DP14545
Number of pages: 75 Posted: 08 May 2020
Gianluca Benigno, Gianluca Benigno, Andrew T. Foerster, Chris Otrok and Alessandro Rebucci
Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
Downloads 2 (1,367,798)
Citation 4
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Bayesian estimation, business cycles, Endogenous Regime-Switching, financial crises, Mexico, occasionally binding constraints

8.

Credible Emerging Market Central Banks Could Embrace Quantitative Easing to Fight COVID-19

Downloads 570 (103,117)
Citation 1

Credible Emerging Market Central Banks Could Embrace Quantitative Easing to Fight COVID-19

CEPR Policy Portal 2020
Number of pages: 6 Posted: 07 Jul 2020
Gianluca Benigno, Gianluca Benigno, Jonathan Hartley, Alicia García-Herrero, Alessandro Rebucci and Elina Ribakova
Federal Reserve Bank of New York, Stanford University, Bruegel, Johns Hopkins University - Carey Business School and Peterson Institute for International Economics
Downloads 467 (129,933)

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Credible Emerging Market Central Banks could Embrace Quantitative Easing to Fight COVID-19

HKUST IEMS Working Paper Forthcoming
Number of pages: 10 Posted: 18 Aug 2020
Gianluca Benigno, Gianluca Benigno, Jonathan Hartley, Alicia García-Herrero, Alessandro Rebucci and Elina Ribakova
Federal Reserve Bank of New York, Stanford University, Bruegel, Johns Hopkins University - Carey Business School and Peterson Institute for International Economics
Downloads 103 (560,630)
Citation 1

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Coronavirus, COVID-19, Quantitative Easing, Emerging Markets, Fiscal Stimulus

9.

The Financial (In)Stability Real Interest Rate, R**

FRB of New York Staff Report No. 946, Rev. May 2023
Number of pages: 41 Posted: 09 Nov 2020 Last Revised: 17 May 2023
Ozge Akinci, Gianluca Benigno, Gianluca Benigno, Marco Del Negro and Albert Queralto
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 311 (207,603)
Citation 1

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r**, financial crises, financial stability, occasionally binding credit constraint

10.

Stagnation Traps

Downloads 293 (221,187)
Citation 84

Stagnation Traps

CAMA Working Paper No. 22/2017
Number of pages: 60 Posted: 22 Mar 2017
Gianluca Benigno, Gianluca Benigno and Luca Fornaro
Federal Reserve Bank of New York and Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI)
Downloads 292 (220,340)
Citation 13

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Secular Stagnation, Liquidity Traps, Growth Traps, Endogenous Growth, Multiple Equilibria

Stagnation Traps

CEPR Discussion Paper No. DP11074
Number of pages: 52 Posted: 02 Feb 2016
Gianluca Benigno, Gianluca Benigno and Luca Fornaro
Federal Reserve Bank of New York and Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI)
Downloads 1 (1,375,774)
Citation 71
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endogenous growth, growth traps, liquidity traps, multiple equilibria, secular stagnation

11.

Capital Controls or Real Exchange Rate Policy? A Pecuniary Externality Perspective

Downloads 145 (252,065)
Citation 8

Capital Controls or Real Exchange Rate Policy? A Pecuniary Externality Perspective

IDB Working Paper No. IDB-WP-393
Number of pages: 33 Posted: 06 Jun 2013
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Alessandro Rebucci, Chris Otrok and Eric Young
Federal Reserve Bank of New York, MarketShare Partners, Johns Hopkins University - Carey Business School, University of Missouri and Inter-American Development Bank (IDB)
Downloads 145 (427,474)
Citation 8

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12.

Financial Crises and Macro-Prudential Policies

Downloads 220 (294,675)
Citation 96

Financial Crises and Macro-Prudential Policies

IDB Working Paper No. 83
Number of pages: 49 Posted: 25 Apr 2011
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric Young
Federal Reserve Bank of New York, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and Inter-American Development Bank (IDB)
Downloads 199 (322,728)
Citation 96

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Financial Crisis and Macro-Prudential Policies

CEPR Discussion Paper No. DP8175
Number of pages: 53 Posted: 18 Jan 2011
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 21 (1,158,743)
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Bailouts, Capital Controls, Crises, Financial Frictions, Macro Prudential Policies, Overborrowing

13.

Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

Downloads 199 (323,882)
Citation 47

Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

NBER Working Paper No. w22224
Number of pages: 65 Posted: 09 May 2016 Last Revised: 24 Mar 2023
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 107 (548,622)
Citation 6

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Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective

FRB of St. Louis Working Paper No. 2012-025A
Number of pages: 27 Posted: 02 Aug 2012
Gianluca Benigno, Gianluca Benigno, Chris Otrok, Alessandro Rebucci, Eric R. Young and Huigang Chen
Federal Reserve Bank of New York, University of Missouri, Johns Hopkins University - Carey Business School, University of Virginia and MarketShare Partners
Downloads 91 (609,932)
Citation 9

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Capital Controls, Exchange Rate Policy, Financial Frictions, Financial Crises, Financial Stability, Optimal Taxation, Prudential Policies, Planning Problem

Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

CEPR Discussion Paper No. DP9936
Number of pages: 56 Posted: 02 Jun 2014
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 1 (1,375,774)
Citation 32
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Capital Controls, Financial Crises, Financial Frictions, Macro-prudential policies, Pecuniary Externality, Real Exchange Rate

14.

The Dollar’s Imperial Circle

FRB of New York Staff Report No. 1045
Number of pages: 40 Posted: 03 Jan 2023
Ozge Akinci, Gianluca Benigno, Gianluca Benigno, Serra Pelin and Jonathan Turek
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, University of California, Berkeley and JST Advisors
Downloads 196 (328,389)

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multi-country DSGE model, global supply chains, dollar currency pricing, trade spillovers

15.

Consumption and Real Exchange Rates With Incomplete Markets and Non-Traded Goods

Downloads 150 (415,453)
Citation 34

Consumption and Real Exchange Rates With Incomplete Markets and Non-Traded Goods

CDMA Conference Paper No. 0405
Number of pages: 32 Posted: 11 Oct 2007
Gianluca Benigno, Gianluca Benigno and Christoph Thoenissen
Federal Reserve Bank of New York and University of St. Andrews - School of Management
Downloads 127 (476,401)
Citation 12

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Consumption-real exchange rate anomaly, incomplete financial markets, non-traded goods.

Consumption and Real Exchange Rates with Incomplete Markets and Non-Traded Goods

CEPR Discussion Paper No. 5580
Number of pages: 40 Posted: 28 Jun 2006
Gianluca Benigno, Gianluca Benigno and Christoph Thoenissen
Federal Reserve Bank of New York and University of St. Andrews - School of Management
Downloads 23 (1,131,805)
Citation 22
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Consumption-real exchange rate anomaly, incomplete financial markets, non-traded goods

16.

Revisiting Overborrowing and its Policy Implications

Downloads 138 (444,199)
Citation 17

Revisiting Overborrowing and its Policy Implications

IDB Working Paper No. 60
Number of pages: 43 Posted: 21 Apr 2011
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 133 (458,888)
Citation 12

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Revisiting Overborrowing and its Policy Implications

CEPR Discussion Paper No. DP7872
Number of pages: 45 Posted: 19 Jul 2010
Gianluca Benigno, Gianluca Benigno, Huigang Chen, Chris Otrok, Alessandro Rebucci and Eric R. Young
Federal Reserve Bank of New York, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 5 (1,349,322)
Citation 5
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Bailouts, Financial Frictions, Macro Prudential Policies, Overborrowing

17.

On the Consumption-Real Exchange Rate Anomaly

Number of pages: 32 Posted: 19 May 2005
Gianluca Benigno, Gianluca Benigno and Christoph Thoenissen
Federal Reserve Bank of New York and University of St. Andrews - School of Management
Downloads 130 (466,008)
Citation 2

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Consumption-real exchange rate anomaly, incomplete financial markets, non-traded goods

18.

Risk, Monetary Policy and the Exchange Rate

NBER Working Paper No. w17133
Number of pages: 55 Posted: 20 Jun 2011 Last Revised: 26 Apr 2023
Gianluca Benigno, Gianluca Benigno, Pierpaolo Benigno and Salvatore Nisticò
Federal Reserve Bank of New York, University of Bern - Department of Economics and Sapienza University - Department of Social Science and Economics
Downloads 126 (480,465)
Citation 13

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19.

Designing Targeting Rules for International Monetary Policy Cooperation

Number of pages: 47 Posted: 19 Jan 2004
Gianluca Benigno, Gianluca Benigno and Pierpaolo Benigno
Federal Reserve Bank of New York and University of Bern - Department of Economics
Downloads 123 (486,634)
Citation 13

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Monetary policy cooperation, sticky prices, welfare analysis, targeting rules, inflation target

20.

The Financial (In)Stability Real Interest Rate, R*

Downloads 119 (499,170)

The Financial (In)Stability Real Interest Rate, R*

International Finance Discussion Paper No. 1308
Number of pages: 23 Posted: 14 Jun 2021
Ozge Akinci, Gianluca Benigno, Gianluca Benigno, Marco Del Negro and Albert Queralto
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 117 (508,532)

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r**, Financial crises, Financial stability, Occasionally binding credit constraint

The Financial (In)Stability Real Interest Rate, R*

CEPR Discussion Paper No. DP15436
Number of pages: 26 Posted: 02 Dec 2020
Ozge Akinci, Gianluca Benigno, Gianluca Benigno, Marco Del Negro and Albert Queralto
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
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21.

Revisiting the Commodity Curse: A Financial Perspective

Downloads 112 (522,536)
Citation 1

Revisiting the Commodity Curse: A Financial Perspective

BIS Working Paper No. 609
Number of pages: 55 Posted: 08 Feb 2017
Enrique Alberola, Gianluca Benigno and Gianluca Benigno
Bank of Spain- International Dept and Federal Reserve Bank of New York
Downloads 47 (873,871)

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Commodity Resource Curse, Dutch-Disease, Financial Openness, Endogenous Growth

Revisiting the Commodity Curse: A Financial Perspective

CAMA Working Paper No. 14/2017
Number of pages: 54 Posted: 14 Feb 2017
Enrique Alberola, Gianluca Benigno and Gianluca Benigno
Bank of Spain- International Dept and Federal Reserve Bank of New York
Downloads 42 (918,887)

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Commodity Resource Curse, Dutch-Disease, Financial Openness, Endogenous Growth

Revisiting the Commodity Curse: A Financial Perspective

NBER Working Paper No. w23169
Number of pages: 53 Posted: 27 Feb 2017 Last Revised: 23 Apr 2023
Enrique Alberola, Gianluca Benigno and Gianluca Benigno
Bank of Spain- International Dept and Federal Reserve Bank of New York
Downloads 23 (1,131,805)
Citation 1

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22.

Large Capital Inflows, Sectoral Allocation, and Economic Performance

Downloads 89 (615,877)
Citation 23

Large Capital Inflows, Sectoral Allocation, and Economic Performance

FRB International Finance Discussion Paper No. 1132
Number of pages: 52 Posted: 25 Apr 2015
Gianluca Benigno, Gianluca Benigno, Nathan Converse and Luca Fornaro
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI)
Downloads 88 (627,627)

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Capital Flows, Surges, Sectoral Allocation, Sudden Stops

Large Capital Inflows, Sectoral Allocation and Economic Performance

CEPR Discussion Paper No. DP10554
Number of pages: 47 Posted: 27 Apr 2015
Gianluca Benigno, Gianluca Benigno, Nathan Converse and Luca Fornaro
Federal Reserve Bank of New York, Board of Governors of the Federal Reserve System and Universitat Pompeu Fabra (UPF) - Centre de Recerca en Economia Internacional (CREI)
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Citation 23
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Capital Flows, Sectoral Allocation, Sudden Stop

23.

The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective

Economic Policy Review, Vol. 26, No. 4, 98-111
Number of pages: 15 Posted: 16 Feb 2021
Ozge Akinci, Gianluca Benigno, Gianluca Benigno and Paolo A. Pesenti
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 81 (647,038)
Citation 1

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China, Euro area, slowdown, spillovers

24.

Interest, Reserves, and Prices

Downloads 75 (675,851)

Interest, Reserves, and Prices

FRB of New York Staff Report No. 971
Number of pages: 43 Posted: 08 Jun 2021
Gianluca Benigno, Gianluca Benigno and Pierpaolo Benigno
Federal Reserve Bank of New York and University of Bern - Department of Economics
Downloads 73 (696,617)

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monetary policy framework, reserves, inflation

Interest, Reserves and Prices

CEPR Discussion Paper No. DP16222
Number of pages: 45 Posted: 14 Jul 2021
Gianluca Benigno, Gianluca Benigno and Pierpaolo Benigno
Federal Reserve Bank of New York and University of Bern - Department of Economics
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25.

Uncertainty about Trade Policy Uncertainty

FRB of New York Staff Report No. 919
Number of pages: 15 Posted: 25 Mar 2020
Gianluca Benigno, Gianluca Benigno and Jan J. Groen
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 72 (691,203)

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uncertainty, trade policy, business sentiment

26.

Managing Monetary Policy Normalization

FRB of New York Staff Report No. 1015, 2022
Number of pages: 58 Posted: 10 May 2022
Gianluca Benigno, Gianluca Benigno and Pierpaolo Benigno
Federal Reserve Bank of New York and University of Bern - Department of Economics
Downloads 48 (846,117)
Citation 1

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reserve management, central bank balance sheet, quantitative tightening, quantitative easing, interest on reserves

27.

Second-Order Approximation of Dynamic Models with Time-Varying Risk

Downloads 42 (897,037)
Citation 8

Second-Order Approximation of Dynamic Models with Time-Varying Risk

NBER Working Paper No. w16633
Number of pages: 25 Posted: 27 Dec 2010 Last Revised: 14 Jun 2023
Gianluca Benigno, Gianluca Benigno, Pierpaolo Benigno and Salvatore Nisticò
Federal Reserve Bank of New York, University of Bern - Department of Economics and Sapienza University - Department of Social Science and Economics
Downloads 38 (957,865)
Citation 5

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Second Order Approximation of Dynamic Models with Time-Varying Risk

CEPR Discussion Paper No. DP8177
Number of pages: 27 Posted: 18 Jan 2011
Gianluca Benigno, Gianluca Benigno, Pierpaolo Benigno and Salvatore Nisticò
Federal Reserve Bank of New York, University of Bern - Department of Economics and Sapienza University - Department of Social Science and Economics
Downloads 4 (1,355,733)
Citation 3
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second order approximation, stochastic volatility and uncertainty

28.

Implementing Monetary Cooperation Through Inflation Targeting

Number of pages: 29 Posted: 14 Mar 2002
Gianluca Benigno, Gianluca Benigno and Pierpaolo Benigno
Federal Reserve Bank of New York and University of Bern - Department of Economics
Downloads 33 (984,278)
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International monetary cooperation, monetary delegation

29.

Reserve Accumulation, Growth and Financial Crises

CEPR Discussion Paper No. DP9224
Number of pages: 34 Posted: 01 Feb 2013
Gianluca Benigno, Gianluca Benigno and Luca Fornaro
Federal Reserve Bank of New York and London School of Economics & Political Science (LSE)
Downloads 29 (1,027,703)
Citation 5
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financial crises, foreign reserve accumulation, gross capital flows, growth

30.

Price Stability as a Nash Equilibrium in Monetary Open-Economy Models

Number of pages: 33 Posted: 18 Apr 2001
Gianluca Benigno, Gianluca Benigno and Pierpaolo Benigno
Federal Reserve Bank of New York and University of Bern - Department of Economics
Downloads 27 (1,050,867)
Citation 29
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Nash equilibrium, open economy, optimal monetary policy, price stability

31.

Adjusting to Capital Account Liberalization

CEPR Discussion Paper No. DP8087
Number of pages: 69 Posted: 29 Nov 2010
Kosuke Aoki, Gianluca Benigno, Gianluca Benigno and Nobuhiro Kiyotaki
University of Tokyo, Federal Reserve Bank of New York and Princeton University - Department of Economics
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capital account liberalization, credit frictions, domestic financial markets

32.

On the International Dimension of Fiscal Policy

CEPR Discussion Paper No. DP7232
Number of pages: 38 Posted: 07 Apr 2009
Gianluca Benigno, Gianluca Benigno and Bianca De Paoli
Federal Reserve Bank of New York and London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP)
Downloads 5 (1,294,478)
Citation 1
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fiscal policy, optimal policy, small open economy

33.

The Financial Resource Curse

CEPR Discussion Paper No. DP9489
Number of pages: 29 Posted: 30 May 2013
Gianluca Benigno, Gianluca Benigno and Luca Fornaro
Federal Reserve Bank of New York and London School of Economics & Political Science (LSE)
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capital controls, capital flows, endogenous growth, the financial resource curse

34.

Portfolio Allocation and International Risk Sharing

CEPR Discussion Paper No. DP8810
Number of pages: 38 Posted: 01 Mar 2012
Gianluca Benigno, Gianluca Benigno and Hande Kucuk-Tuger
Federal Reserve Bank of New York and Government of the Republic of Turkey - Research and Monetary Policy Department
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Citation 2
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Consumption-Real Exchange Rate anomaly, Incomplete Financial Markets, International Risk Sharing, Portfolio choice

35.

Modeling the Global Effects of the COVID-19 Sudden Stop in Capital Flows

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Modeling the Global Effects of the COVID-19 Sudden Stop in Capital Flows

FEDS Notes No. 2020-07-02
Posted: 25 Oct 2021
Ozge Akinci, Gianluca Benigno, Gianluca Benigno and Albert Queralto
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System

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Modeling the Global Effects of the COVID-19 Sudden Stop in Capital Flows

FEDS Notes No. 2020-07-02 https://doi.org/10.17016/2380-7172.2586
Posted: 21 Aug 2020
Ozge Akinci, Gianluca Benigno, Gianluca Benigno and Albert Queralto
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System

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