Harris Dellas

University of Bern - Department of Economics

Professor

Gesellschaftstrasse 49

Bern, CH-3012

Switzerland

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • University of Bern - Department of Economics

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    • Fax: +41 31 631 3992
SCHOLARLY PAPERS

46

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148

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246

Scholarly Papers (46)

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1.

Friedman, Chicago, and Monetary Rules

Becker Friedman Institute for Research in Economics Working Paper No. 2016-08
Number of pages: 33 Posted: 09 Apr 2016
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
Downloads 313 (136,267)
Citation 3

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Monetary policy, Taylor-type rules, University of Chicago, Milton Friedman, Anna Schwartz

2.

The Great Inflation of the 1970s

Downloads 243 (176,010)
Citation 6

The Great Inflation of the 1970s

Number of pages: 47 Posted: 02 Jul 2004
Fabrice Collard and Harris Dellas
Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
Downloads 159 (258,079)

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Inflation, imperfect information, Kalman filter, policy rule, indeterminacy

The Great Inflation of the 1970s

Number of pages: 35 Posted: 01 Jul 2004
Fabrice Collard and Harris Dellas
Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
Downloads 84 (407,540)
Citation 8

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Inflation, imperfect information, Kalman filter, policy rule, indeterminacy

3.

Reforms or Bankruptcy?

Kathimerini, June 26, 2011
Number of pages: 3 Posted: 30 Jun 2011
Costas Azariadis, George Constantinides, Christos Constantatos, Harris Dellas, Nicholas Economides, Michael Haliassos, Panos Hatzipanayotou, Yannis M. Ioannides, Christos Koulovatianos, Costas Meghir, Stylianos Perrakis, Emmanuel Petrakis, Christopher A. Pissarides, Vasiliki Skreta, Thanasis Stengos, Haridimos Tsoukas, Dimitri Vayanos, Nikolaos Vettas and Anastasios Xepapadeas
Federal Reserve Banks - Federal Reserve Bank of St. Louis, affiliation not provided to SSRN, University of Macedonia, University of Bern - Department of Economics, New York University - Leonard N. Stern School of Business - Department of Economics, Goethe University Frankfurt - Faculty of Economics and Business Administration, Athens University of Economics and Business, Tufts University, Department of Finance, University of Luxembourg, Yale University, Concordia University, Quebec - John Molson School of Business, University of Crete - Department of Economics, London School of Economics & Political Science (LSE), University of Texas at Austin - Department of Economics, University of Guelph - Department of Economics, Athens Laboratory of Business Administration (ALBA), London School of Economics, Athens University of Economics and Business - Department of Economics and Athens University of Economics and Business
Downloads 196 (215,317)

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Greece, reforms, bankruptcy, restructuring, privatization

4.

Optimal Monetary and Prudential Policies

Banque de France Working Paper No. 413
Number of pages: 40 Posted: 22 Dec 2012
Fabrice Collard, Harris Dellas, Behzad Diba and Olivier Loisel
University of Berne - Department of Economics, University of Bern - Department of Economics, Georgetown University and CREST-ENSAE
Downloads 178 (234,056)
Citation 52

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prudential policy, capital requirements, monetary policy, Ramsey-optimal policies

5.

Quantifying Confidence

Downloads 162 (253,490)
Citation 27

Quantifying Confidence

MIT Department of Economics Working Paper No. 14-19
Number of pages: 67 Posted: 24 Dec 2014
George-Marios Angeletos, Fabrice Collard and Harris Dellas
Massachusetts Institute of Technology (MIT) - Department of Economics, University of Berne - Department of Economics and University of Bern - Department of Economics
Downloads 147 (275,220)
Citation 1

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Business cycles, strategic uncertainty, higher-order beliefs, confidence, aggregate demand, coordination failure, DSGE models

Quantifying Confidence

NBER Working Paper No. w20807
Number of pages: 67 Posted: 05 Jan 2015 Last Revised: 09 May 2022
George-Marios Angeletos, Fabrice Collard and Harris Dellas
Massachusetts Institute of Technology (MIT) - Department of Economics, University of Berne - Department of Economics and University of Bern - Department of Economics
Downloads 15 (769,168)
Citation 5

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Quantifying Confidence

CEPR Discussion Paper No. DP10463
Number of pages: 68 Posted: 02 Mar 2015
George-Marios Angeletos, Fabrice Collard and Harris Dellas
Massachusetts Institute of Technology (MIT) - Department of Economics, Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
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Citation 14
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aggregate demand, business cycles, confidence, coordination failure, DSGE models, higher-order beliefs, strategic uncertainty

6.

Financial Shocks and Optimal Policy

Banque de France Working Paper No. 277
Number of pages: 47 Posted: 03 Jun 2010
Harris Dellas, Behzad Diba and Olivier Loisel
University of Bern - Department of Economics, Georgetown University and CREST-ENSAE
Downloads 133 (296,457)
Citation 20

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Financial frictions, banking, optimal policy

7.

International Reserve Currencies

IMF Working Paper No. 89/15
Number of pages: 18 Posted: 15 Feb 2006
Harris Dellas
University of Bern - Department of Economics
Downloads 125 (310,590)

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8.

Austerity

Downloads 106 (348,642)
Citation 2

Austerity

Number of pages: 27 Posted: 02 Dec 2014
Harris Dellas and Dirk Niepelt
University of Bern - Department of Economics and Swiss National Bank - Study Center Gerzensee
Downloads 53 (519,807)
Citation 3

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Austerity; credit rationing; default; incomplete information; investment; growth; pooling equilibrium; separating equilibrium

Austerity

CESifo Working Paper Series No. 5146
Number of pages: 28 Posted: 16 Jan 2015
Harris Dellas and Dirk Niepelt
University of Bern - Department of Economics and Swiss National Bank - Study Center Gerzensee
Downloads 53 (519,807)

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austerity, credit rationing, default, incomplete information, investment, growth, pooling equilibrium, separating equilibrium

Austerity

CEPR Discussion Paper No. DP10315
Number of pages: 29 Posted: 23 Jan 2015
Harris Dellas and Dirk Niepelt
University of Bern - Department of Economics and Swiss National Bank - Study Center Gerzensee
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austerity, credit rationing, default, growth, incomplete information, investment, pooling equilibrium, separating equilibrium

9.

Finance and Competition

Number of pages: 30 Posted: 06 Feb 2007
Harris Dellas and Ana Fernandes
University of Bern - Department of Economics and University of Bern - Department of Economics
Downloads 92 (381,846)
Citation 2

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financial development, liberalization, market structure, product market competition

10.

Currency Switch and the Choice of an International Reserve Currency

IMF Working Paper No. 89/27
Number of pages: 18 Posted: 15 Feb 2006
Harris Dellas
University of Bern - Department of Economics
Downloads 79 (418,152)

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11.

The Revived Bretton Woods System, Liquidity Creation, and Asset Price Bubbles

Cato Journal, Vol. 31, No. 3, 2011
Number of pages: 12 Posted: 12 Apr 2013
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
Downloads 57 (494,697)

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global monetary policy, international monetary order, gold standard, Bretton Woods, commodity prices

12.

The Global Implications of Regional Exchange Rate Regimes

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The Global Implications of Regional Exchange Rate Regimes

Bank of Greece Working Paper No. 18
Number of pages: 22 Posted: 14 Jul 2022
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
Downloads 6 (862,371)

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Regional exchange rate systems, global exchange rate volatility, optimum currency area

13.

The Allocation of Resources Under Uncertainty

Number of pages: 12 Posted: 21 Dec 2006
Harris Dellas and Ana Fernandes
University of Bern - Department of Economics and University of Bern - Department of Economics
Downloads 46 (542,479)

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Uncertainty, general equilibrium, two sector model

14.

On the Equivalence of Quantitative Trade Restrictions and Tariffs

Economics Letters, Forthcoming
Number of pages: 8 Posted: 06 Feb 2007
Harris Dellas, Ana Fernandes and Klaus Neusser
University of Bern - Department of Economics, University of Bern - Department of Economics and University of Bern - Institute of Economics
Downloads 41 (567,142)

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Industrial policy, trade instruments, learning, Bayes procedure, infant industry

15.

Poole in the New Keynesian Model

Number of pages: 33 Posted: 25 Nov 2003
Fabrice Collard and Harris Dellas
Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
Downloads 37 (588,177)
Citation 2
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Poole, targeting, macroeconomic volatility, welfare

16.

To Be or Not to Be in Monetary Union: A Synthesis

Banque de France Working Paper No. 308
Number of pages: 37 Posted: 20 Dec 2010
Laurent Clerc, Harris Dellas and Olivier Loisel
Banque de France, University of Bern - Department of Economics and CREST-ENSAE
Downloads 36 (593,747)
Citation 21

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Currency union, credibility, stabilization, inflation bias

17.

Goods Trade and International Equity Portfolios

NBER Working Paper No. w13612
Number of pages: 47 Posted: 29 Nov 2007 Last Revised: 13 Mar 2022
Fabrice Collard, Harris Dellas, Behzad Diba and Alan C. Stockman
Universite de Toulouse I - CNRS (GREMAQ and IDEI), University of Bern - Department of Economics, Georgetown University and University of Rochester - Department of Economics
Downloads 34 (605,089)

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18.

Credibility for Sale

Downloads 31 (623,148)

Credibility for Sale

CESifo Working Paper Series No. 4335
Number of pages: 28 Posted: 29 Jul 2013
Harris Dellas and Dirk Niepelt
University of Bern - Department of Economics and Swiss National Bank - Study Center Gerzensee
Downloads 31 (639,178)

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sovereign debt, official lending, default, enforcement

Credibility for Sale

CEPR Discussion Paper No. DP9562
Posted: 24 Jul 2013
Harris Dellas and Dirk Niepelt
University of Bern - Department of Economics and Swiss National Bank - Study Center Gerzensee

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default, enforcement, official lending, Sovereign debt

19.

Business Cycle Anatomy

NBER Working Paper No. w24875
Number of pages: 82 Posted: 01 Aug 2018 Last Revised: 20 Jun 2022
George-Marios Angeletos, Fabrice Collard and Harris Dellas
Massachusetts Institute of Technology (MIT) - Department of Economics, University of Berne - Department of Economics and University of Bern - Department of Economics
Downloads 29 (635,852)
Citation 14

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20.

Wage Rigidity and Monetary Union

Downloads 25 (663,439)
Citation 17

Wage Rigidity and Monetary Union

Number of pages: 31 Posted: 22 Jan 2003
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
Downloads 21 (715,694)
Citation 3
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Monetary union, wage rigidity, asymmetry, multi-country model

Wage Rigidity and Monetary Union

Bank of Greece Working Paper No. 12
Number of pages: 34 Posted: 14 Jul 2022
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
Downloads 4 (885,825)

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Monetary union, wage rigidity, asymmetry, multi-country model

21.

The Roles of the Terms of Trade and Nontraded-Good-Prices in Exchange Rate Variations

NBER Working Paper No. w1342
Number of pages: 24 Posted: 08 Mar 2007 Last Revised: 04 Mar 2022
Alan C. Stockman and Harris Dellas
University of Rochester - Department of Economics and University of Bern - Department of Economics
Downloads 24 (670,789)

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22.

Asset Markets, Tariffs, and Political Risk

NBER Working Paper No. w1413
Number of pages: 25 Posted: 04 Apr 2004 Last Revised: 14 May 2022
Alan C. Stockman and Harris Dellas
University of Rochester - Department of Economics and University of Bern - Department of Economics
Downloads 24 (670,789)
Citation 1

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23.

Some Fiscal Implications of Monetary Policy

Number of pages: 16 Posted: 05 Mar 2003
Harris Dellas and Kevin D. Salyer
University of Bern - Department of Economics and University of California, Davis - Department of Economics
Downloads 24 (670,789)

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24.

Optimal Public Debt Management and Liquidity Provision

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Optimal Public Debt Management and Liquidity Provision

NBER Working Paper No. w18800
Number of pages: 54 Posted: 16 Feb 2013 Last Revised: 16 May 2021
George-Marios Angeletos, Fabrice Collard, Fabrice Collard, Harris Dellas and Behzad Diba
Massachusetts Institute of Technology (MIT) - Department of Economics, Universite de Toulouse I - CNRS (GREMAQ and IDEI), University of Berne - Department of Economics, University of Bern - Department of Economics and Georgetown University
Downloads 23 (698,891)

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Optimal Public Debt Management and Liquidity Provision

MIT Department of Economics Working Paper No. 13-02
Posted: 05 Feb 2013
George-Marios Angeletos, Fabrice Collard, Harris Dellas and Behzad Diba
Massachusetts Institute of Technology (MIT) - Department of Economics, University of Berne - Department of Economics, University of Bern - Department of Economics and Georgetown University - Department of Economics

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public debt, liquidity, optimal fiscal policy, Ramsey, Friedman rule, financial frictions

25.

Self-Fulfillment Expectations, Speculation Attacks, and Capitol Controls

NBER Working Paper No. w2625
Number of pages: 13 Posted: 29 Jun 2004 Last Revised: 06 Mar 2022
Harris Dellas and Alan C. Stockman
University of Bern - Department of Economics and University of Rochester - Department of Economics
Downloads 23 (678,231)

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26.

Financial Development and the Sensitivity of Stock Markets to External Influences

Number of pages: 25 Posted: 26 Apr 2001
Harris Dellas and Martin Hess
University of Bern - Department of Economics and ITAM, Mexico
Downloads 20 (701,470)
Citation 1
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External influences, financial development, stock markets

27.

Exchange Rate Systems and Macroeconomic Stability

Number of pages: 34 Posted: 27 Apr 2001
Fabrice Collard and Harris Dellas
Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
Downloads 19 (709,370)
Citation 4
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Flexible exchange rate, international business cycle transmission, monetary union, Taylor rules, unilateral exchange rate pegging

28.

Financial Development and Stock Returns: A Cross-Country Analysis

Number of pages: 30 Posted: 29 Jan 2003
Harris Dellas and Martin Hess
University of Bern - Department of Economics and ITAM, Mexico
Downloads 18 (717,484)
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Financial development, stock returns

29.

Public Debt as Private Liquidity: Optimal Policy

NBER Working Paper No. w22794
Number of pages: 69 Posted: 07 Nov 2016 Last Revised: 14 Apr 2022
George-Marios Angeletos, Fabrice Collard and Harris Dellas
Massachusetts Institute of Technology (MIT) - Department of Economics, University of Berne - Department of Economics and University of Bern - Department of Economics
Downloads 17 (725,800)

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30.

Technology Shocks and Employment

Number of pages: 28 Posted: 24 Jan 2003
Fabrice Collard and Harris Dellas
Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
Downloads 16 (734,168)
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Technological shocks, employment, open economy, flexible prices, staggered prices

31.

The Case for Inflation Stability

Number of pages: 32 Posted: 25 Nov 2003
Fabrice Collard and Harris Dellas
Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
Downloads 15 (742,922)
Citation 1
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Inflation stabilization, investment, price rigidity, distortions

32.

The Informational Role of the Business Cycle

Number of pages: 26 Posted: 20 Nov 2003
Harris Dellas
University of Bern - Department of Economics
Downloads 14 (751,856)
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Business cycles, incomplete information, matching, comparative advantage, stabilization

33.

An Optimum Currency Area Odyssey

Downloads 7 (819,279)
Citation 20

An Optimum Currency Area Odyssey

CEPR Discussion Paper No. DP7645
Number of pages: 51 Posted: 20 Jan 2010
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
Downloads 7 (851,305)
Citation 6
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optimum currency areas

An Optimum-Currency-Area Odyssey

Bank of Greece Working Paper No. 102
Number of pages: 46 Posted: 21 Jul 2022
G. S. Tavlas and Harris Dellas
Bank of Greece and University of Bern - Department of Economics
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Optimum-currency-areas, Exchange-rate regimes, New Keynesian models

34.

Government Size and Macroeconomic Volatility

Economica, Vol. 84, Issue 336, pp. 797-819, 2017
Number of pages: 23 Posted: 01 Sep 2017
Fabrice Collard, Harris Dellas and G. S. Tavlas
University of Berne - Department of Economics, University of Bern - Department of Economics and Bank of Greece
Downloads 4 (851,100)
Citation 2

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35.

Imperfect Information and the Business Cycle

CEPR Discussion Paper No. DP7643
Number of pages: 37 Posted: 20 Jan 2010
Fabrice Collard, Harris Dellas and Frank Smets
Universite de Toulouse I - CNRS (GREMAQ and IDEI), University of Bern - Department of Economics and European Central Bank (ECB)
Downloads 4 (851,100)
Citation 2
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Bayesian estimation, imperfect information, New Keynesian model, signal extraction

36.

The Fatal Flaw: The Revived Bretton-Woods System, Liquidity Creation, and Commodity-Price Bubbles

Bank of Greece Working Paper No. 122
Number of pages: 20 Posted: 21 Jul 2022
Bank of Greece Submitter, Harris Dellas and G. S. Tavlas
Bank of Greece, University of Bern - Department of Economics and Bank of Greece
Downloads 3 (862,736)

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Bretton-Woods system, international liquidity, price bubbles, Markov switching model

37.

Monetary Misperceptions, Output and Inflation Dynamics

CEPR Discussion Paper No. DP7644
Number of pages: 24 Posted: 20 Jan 2010
Fabrice Collard and Harris Dellas
Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
Downloads 3 (862,736)
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inflation inertia, measurement error, Monetary misperceptions

38.

The Classification and Performance of Alternative Exchange-Rate Systems

Bank of Greece Working Paper No. 90
Number of pages: 45 Posted: 20 Jul 2022
G. S. Tavlas, Harris Dellas and Alan C. Stockman
Bank of Greece, University of Bern - Department of Economics and University of Rochester - Department of Economics
Downloads 2 (875,625)

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Exchange-rate regimes; Economic growth; Inflation; Bipolar hypothesis

39.

Fiscal Multipliers in Recessions

CEPR Discussion Paper No. DP10353
Number of pages: 41 Posted: 23 Jan 2015
Matthew B. Canzoneri, Fabrice Collard, Harris Dellas and Behzad Diba
Georgetown University, Universite de Toulouse I - CNRS (GREMAQ and IDEI), University of Bern - Department of Economics and Georgetown University - Department of Economics
Downloads 2 (875,625)
Citation 11
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cyclicality, financial frictions, government spending multipliers

40.

The road to Ithaca: the Gold Standard, the Euro and the origins of the Greek sovereign debt crisis

Bank of Greece Working Paper No. 149
Number of pages: 40 Posted: 01 Aug 2022
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
Downloads 1 (890,016)

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International financial systems, Current account adjustment, Gold standard, Euro area crisis, Greek crisis

41.

On the Evolution of the Rules Versus Discretion Debate

CEPR Discussion Paper No. DP15976
Number of pages: 26 Posted: 31 Mar 2021
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
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42.

Public Debt as Private Liquidity: Optimal Policy

CEPR Discussion Paper No. DP15488
Number of pages: 71 Posted: 02 Dec 2020
George-Marios Angeletos, Fabrice Collard and Harris Dellas
Massachusetts Institute of Technology (MIT) - Department of Economics, Universite de Toulouse I - CNRS (GREMAQ and IDEI) and University of Bern - Department of Economics
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43.

Fiscal Distress and Banking Performance: The Role of Macroprudential Regulation

CEPR Discussion Paper No. DP14003
Number of pages: 30 Posted: 07 Oct 2019
Hiona Balfoussia, Harris Dellas and Dimitris Papageorgiou
Bank of Greece, University of Bern - Department of Economics and Bank of Greece
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bank performance, Banking Union, Fiscal distress, Greece, optimal macroprudential policy

44.

The Dog that Didn't Bark: The Curious Case of Lloyd Mints, Milton Friedman and the Emergence of Monetarism

CEPR Discussion Paper No. DP13858
Number of pages: 39 Posted: 30 Jul 2019
Harris Dellas and G. S. Tavlas
University of Bern - Department of Economics and Bank of Greece
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Chicago monetary tradition, Lloyd Mints, Milton Friedman, Monetarism

45.

Fiscal Policy with an Informal Sector

CEPR Discussion Paper No. DP12494
Number of pages: 54 Posted: 12 Dec 2017
Harris Dellas, Dimitris Malliaropulos, Dimitris Papageorgiou and Evangelia Vourvachaki
University of Bern - Department of Economics, Bank of Greece, Bank of Greece and CERGE-EI
Downloads 0 (906,676)
Citation 2
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scal consolidation, multipliers, Shadow economy, tax revenue, true output

46.

Foreign Debt and Economic Development

Review of International Economics
Posted: 05 Jun 1997
Costas Christou, Harris Dellas and Elias Belessakos
International Monetary Fund, University of Bern - Department of Economics and J.P. Morgan Investment Management Inc.

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