Paul De Grauwe

London School of Economics & Political Science (LSE)

Houghton Street

London, WC2A 2AE

United Kingdom

CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Poschinger Str. 5

Munich, DE-81679

Germany

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • London School of Economics & Political Science (LSE)

SCHOLARLY PAPERS

100

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144

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1,114

Scholarly Papers (100)

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1.

Crisis in the Eurozone and how to Deal with It

CEPS Policy Brief No. 204
Number of pages: 6 Posted: 14 May 2010
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 5,486 (1,341)

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financial crisis, eurozone, Greece, financial markets

2.

Bubbles and Crashes in a Behavioural Finance Model

CESifo Working Paper Series No. 1194, Riksbank Working Paper No. 164/Riksbank Research Paper Series No. 7
Number of pages: 45 Posted: 01 Jun 2004
Paul De Grauwe and Marianna Grimaldi
London School of Economics & Political Science (LSE) and Monetary Policy Division Sveriges Riksbank
Downloads 2,083 (7,063)

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exchange rate, bounded rationality, heterogeneous agents, bubbles and crashes, complex dynamics

3.

Only a More Active ECB Can Solve the Euro Crisis

Centre for European Policy Studies Policy Briefs No. 250
Number of pages: 8 Posted: 19 Oct 2011
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 1,704 (9,927)
Citation 1

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eurozone, market, bank, central bank, European Central Bank, government

4.

Endogeneities of Optimum Currency Areas: What Brings Countries Sharing a Single Currency Closer Together?

ECB Working Paper No. 468
Number of pages: 40 Posted: 20 May 2005
Paul De Grauwe and Francesco Paolo Mongelli
London School of Economics & Political Science (LSE) and European Central Bank (ECB)
Downloads 1,235 (16,487)

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Optimum Currency Area, Economic and Monetary Integration and EMU

5.

The European Central Bank: Lender of Last Resort in the Government Bond Markets?

CESifo Working Paper Series No. 3569
Number of pages: 16 Posted: 15 Sep 2011
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 1,011 (22,210)
Citation 3

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lender of last resort, European Central Bank, moral hazard, inflation

6.

Design Failures in the Eurozone: Can They Be Fixed?

LEQS Paper No. 57
Number of pages: 40 Posted: 12 Feb 2013
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 982 (23,189)
Citation 60

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7.

A Less Punishing, More Forgiving Approach to the Debt Crisis in the Eurozone

CEPS Policy Brief No. 230
Number of pages: 5 Posted: 10 Feb 2011
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 853 (28,415)
Citation 1

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debt, crisis, eurozone, European, leaders, new, solutions, sanctions, system, mechanisms

8.

Self-Fulfilling Crises in the Eurozone: An Empirical Test

Downloads 659 ( 40,399)
Citation 103

Self-Fulfilling Crises in the Eurozone: An Empirical Test

CESifo Working Paper Series No. 3821
Number of pages: 40 Posted: 24 May 2012
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 389 (77,547)

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Eurozone, multiple equilibria, self-fulfilling crises

Self-Fulfilling Crises in the Eurozone: An Empirical Test

CEPS Working Document No. 366, 2012
Number of pages: 31 Posted: 25 Jun 2012
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 230 (137,718)
Citation 5

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eurozone, crise, government bond markets, Portugal, Ireland, Greece, Spain, debt-to-GDP

Self-Fulfilling Crises in the Eurozone: An Empirical Test

CAMA Working Paper No. 37/2012
Number of pages: 40 Posted: 03 Aug 2012
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and Brunel University London
Downloads 40 (449,728)
Citation 15

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9.

Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe

CESifo Working Paper Series No. 1182
Number of pages: 34 Posted: 12 May 2004
Paul De Grauwe and Gunther Schnabl
London School of Economics & Political Science (LSE) and University of Leipzig - Institute for Economic Policy
Downloads 650 (41,168)

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exchange rate regimes, inflation, growth, Central and Eastern Europe, macroeconomic stability

10.

Exchange Rate Variability and the Slowdown in Growth of International Trade

IMF Working Paper No. 87/38
Number of pages: 25 Posted: 15 Feb 2006
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 618 (44,091)
Citation 24

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11.

In Search of Symmetry in the Eurozone

CEPS Policy Brief No. 268
Number of pages: 5 Posted: 15 May 2012
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 579 (48,017)
Citation 16

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European Commission, Macroeconomic Imbalance Procedure, MIP, eurozone, surplus, deficit

12.

Is Inflation Always and Everywhere a Monetary Phenomenon?

Downloads 563 ( 49,740)
Citation 34

Is Inflation Always and Everywhere a Monetary Phenomenon?

Number of pages: 38 Posted: 09 Nov 2001
Paul De Grauwe and Magdalena Polan
London School of Economics & Political Science (LSE) and KU Leuven - Department of Economics
Downloads 522 (54,123)
Citation 4

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Quantity theory of money, inflation, money

Is Inflation Always and Everywhere a Monetary Phenomenon?

CEPR Discussion Paper No. 2841
Number of pages: 43 Posted: 10 Jul 2001
Paul De Grauwe and Magdalena Polan
London School of Economics & Political Science (LSE) and KU Leuven - Department of Economics
Downloads 26 (521,155)
Citation 1
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Quantity theory of money, inflation, money

Is Inflation Always and Everywhere a Monetary Phenomenon?

Scandinavian Journal of Economics, Vol. 107, No. 2, pp. 239-259, June 2005
Number of pages: 21 Posted: 02 Sep 2005
Paul De Grauwe and Magdalena Polan
London School of Economics & Political Science (LSE) and KU Leuven - Department of Economics
Downloads 15 (594,062)
Citation 7
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13.

A Behavioral Finance Model of the Exchange Rate with Many Forecasting Rules

CESifo Working Paper No. 1849
Number of pages: 36 Posted: 05 Dec 2006
Paul De Grauwe and Pablo Rovira Kaltwasser
London School of Economics & Political Science (LSE) and National Bank of Belgium
Downloads 455 (64,952)

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14.

Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone

Downloads 446 ( 66,496)
Citation 17

Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone

Centre for European Policy Working Paper No. 361
Number of pages: 22 Posted: 02 Feb 2012
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 392 (76,850)
Citation 18

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PIGS, eurozone, debt-to-GDP, sovereign, risk, macroeconomic, instability, bubbles, austerity

Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone

LICOS Discussion Paper No. 304/2012
Number of pages: 28 Posted: 01 Feb 2012
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 54 (395,410)
Citation 18

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15.

Exchange Rate Stability, Inflation and Growth in (South) Eastern and Central Europe

Downloads 410 ( 73,712)
Citation 13

Exchange Rate Stability, Inflation and Growth in (South) Eastern and Central Europe

Review of Development Economics, Forthcoming
Number of pages: 33 Posted: 24 Nov 2006
Gunther Schnabl and Paul De Grauwe
University of Leipzig - Institute for Economic Policy and London School of Economics & Political Science (LSE)
Downloads 409 (73,235)
Citation 2

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Exchange Rate Regimes, Inflation, Growth, Central and Eastern Europe, Macroeconomic Stability

Exchange Rate Stability, Inflation, and Growth in (South) Eastern and Central Europe

Review of Development Economics, Vol. 12, Issue 3, pp. 530-549, August 2008
Number of pages: 20 Posted: 21 Jul 2008
Paul De Grauwe and Gunther Schnabl
London School of Economics & Political Science (LSE) and University of Leipzig - Institute for Economic Policy
Downloads 1 (708,084)
Citation 1
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16.

Globalization and the Price Decline of Illicit Drugs

CESifo Working Paper Series No. 1990
Number of pages: 31 Posted: 22 May 2007
Claudia Costa Storti and Paul De Grauwe
Banco de Portugal and London School of Economics & Political Science (LSE)
Downloads 404 (74,965)

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17.

A Fragile Eurozone in Search of a Better Governance

CESifo Working Paper Series No. 3456
Number of pages: 36 Posted: 27 May 2011
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 377 (81,153)
Citation 1

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Eurozone, multiple equilibria, governance

18.

Learning to Forecast the Exchange Rate: Two Competing Approaches

CESifo Working Paper Series No. 1717
Number of pages: 40 Posted: 31 May 2006
Paul De Grauwe and Agnieszka Markiewicz
London School of Economics & Political Science (LSE) and Erasmus University Rotterdam (EUR)
Downloads 376 (81,399)

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19.

The Exchange Rate and its Fundamentals. A Chaotic Perspective

CESifo Working Paper Series No. 639
Number of pages: 41 Posted: 31 Jan 2002
Paul De Grauwe and Marianna Grimaldi
London School of Economics & Political Science (LSE) and Monetary Policy Division Sveriges Riksbank
Downloads 358 (86,167)

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20.

Fundamental and Non-Fundamental Equilibria in the Foreign Exchange Market. A Behavioural Finance Framework

CESifo Working Paper Series No. 1431
Number of pages: 46 Posted: 24 Mar 2005
Paul De Grauwe, Roberto Dieci and Marianna Grimaldi
London School of Economics & Political Science (LSE), Department of Mathematics, University of Bologna and Monetary Policy Division Sveriges Riksbank
Downloads 336 (92,619)

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exchange rate, bounded rationality, heterogeneous agents, bubbles and crashes, complex dynamics, basins of attraction

21.

A Model of the Card Payment System and the Interchange Fee

CESifo Working Paper Series No. 796
Number of pages: 32 Posted: 29 Dec 2002
Paul De Grauwe and Laura Rinaldi
London School of Economics & Political Science (LSE) and KU Leuven - Center for Economic Studies
Downloads 333 (93,546)

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22.

Nominal Versus Real Convergence with Respect to Emu Accession - Emu Entry Scenarios for the New Member States

Kyklos, Forthcoming
Number of pages: 31 Posted: 29 Jun 2005
Paul De Grauwe and Gunther Schnabl
London School of Economics & Political Science (LSE) and University of Leipzig - Institute for Economic Policy
Downloads 332 (93,866)
Citation 2

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EMU, ERM2, Balassa-Samuelson effect, real appreciation, monetary union, Central and Eastern Europe

23.

Forecasting and Combining Competing Models of Exchange Rate Determination

CESifo Working Paper Series No. 1747
Number of pages: 34 Posted: 14 Jul 2006
Carlo Altavilla and Paul De Grauwe
European Central Bank (ECB) and London School of Economics & Political Science (LSE)
Downloads 315 (99,489)

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non-linearity, exchange rate modelling, forecasting

24.

Globalisation and Social Spending

CESifo Working Paper Series No. 885
Number of pages: 32 Posted: 31 Mar 2003
Paul De Grauwe and Magdalena Polan
London School of Economics & Political Science (LSE) and KU Leuven - Department of Economics
Downloads 297 (106,083)

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Economic Integration, Globalisation, Terms-of-trade Variability, International Trade

25.

Animal Spirits and Monetary Policy

CESifo Working Paper Series No. 2418
Number of pages: 47 Posted: 13 Oct 2008
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 275 (115,184)
Citation 5

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DSGE-model, imperfect information, heuristics, animal spirits

26.

A New Two-Pillar Strategy for the ECB

CESifo Working Paper Series No. 2818
Number of pages: 23 Posted: 08 Dec 2009
Paul De Grauwe and Daniel Gros
London School of Economics & Political Science (LSE) and Centre for European Policy Studies, Brussels
Downloads 271 (116,942)

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inflation targeting, financial stability, two pillar strategy

27.

Is Monetary Policy in the Eurozone Less Effective than in the Us?

CESifo Working Paper Series No. 1606
Number of pages: 30 Posted: 15 Dec 2005
Paul De Grauwe and Claudia Costa Storti
London School of Economics & Political Science (LSE) and Banco de Portugal
Downloads 262 (121,112)

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28.

Bubbling and Crashing Exchange Rates

CESifo Working Paper Series No. 1045
Number of pages: 44 Posted: 10 Nov 2003
Marianna Grimaldi and Paul De Grauwe
Monetary Policy Division Sveriges Riksbank and London School of Economics & Political Science (LSE)
Downloads 255 (124,649)

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29.

What Germany Should Fear Most is Its Own Fear: An Analysis of Target2 and Current Account Imbalances

CEPS Working Documents
Number of pages: 25 Posted: 15 Sep 2012
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 250 (127,210)

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Target2, Germany, account imbalances, eurozone, crisis

30.

Booms and Busts: New Keynesian and Behavioral Explanations

CESifo Working Paper Series No. 3293
Number of pages: 38 Posted: 14 Jan 2011
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 249 (127,739)

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DSGE-model, imperfect information, heuristics, animal spirits

31.

Exchange Rates and Fundamentals a Non-Linear Relationship?

CESifo Working Paper Series No. 577
Number of pages: 39 Posted: 30 Oct 2001
Paul De Grauwe and Isabel Vansteenkiste
London School of Economics & Political Science (LSE) and European Central Bank (ECB)
Downloads 247 (128,754)

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32.

The Effects of Monetary Policy: A Meta-Analysis

CESifo Working Paper Series No. 1224
Number of pages: 37 Posted: 21 Jul 2004
Paul De Grauwe and Claudia Costa Storti
London School of Economics & Political Science (LSE) and Banco de Portugal
Downloads 229 (138,783)

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33.

The Future of the Eurozone and Gold

CEPS Special Reports, 2010
Number of pages: 44 Posted: 07 Sep 2010
Cinzia Alcidi, Paul De Grauwe, Daniel Gros and Yonghyup Oh
CEPS, London School of Economics & Political Science (LSE), Centre for European Policy Studies, Brussels and Korea Institute for International Economic Policy
Downloads 228 (139,345)

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eurozone, gold market, inflation, economie, financial market

34.

Animal Spirits and Credit Cycles

CESifo Working Paper Series No. 4480
Number of pages: 22 Posted: 26 Nov 2013
Paul De Grauwe and Corrado Macchiarelli
London School of Economics & Political Science (LSE) and London School of Economics & Political Science (LSE)
Downloads 204 (154,877)
Citation 11

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animal spirits, credit cycle, interest rate spread, stabilization

35.

DSGE-Modelling: When Agents are Imperfectly Informed

ECB Working Paper No. 897
Number of pages: 57 Posted: 13 May 2008
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 201 (157,016)

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DSGE-model, imperfect information, heuristics, animal spirits

36.

Structural Reforms, Growth and Inequality: An Overview of Theory, Measurement and Evidence

Downloads 167 (185,388)
Citation 2

Structural Reforms, Growth and Inequality: An Overview of Theory, Measurement and Evidence

CESifo Working Paper Series No. 6812
Number of pages: 52 Posted: 21 Feb 2018
Nauro F. Campos, Paul De Grauwe and Yuemei Ji
Brunel University London - Economics and Finance, London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
Downloads 125 (235,662)

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structural reforms, growth, inequality

Structural Reforms, Growth and Inequality: an Overview of Theory, Measurement and Evidence

IZA Discussion Paper No. 11159
Number of pages: 52 Posted: 05 Dec 2017
Nauro F. Campos, Paul De Grauwe and Yuemei Ji
Brunel University London - Economics and Finance, London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
Downloads 42 (441,118)
Citation 1

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structural reforms, income inequality, economic growth

37.

Non-Linearities in the Relation between the Exchange Rate and its Fundamentals

CESifo Working Paper Series No. 1561
Number of pages: 39 Posted: 07 Nov 2005
Carlo Altavilla and Paul De Grauwe
European Central Bank (ECB) and London School of Economics & Political Science (LSE)
Downloads 158 (194,450)

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non-linearity, Markov-switching model, fundamentals

38.

Top-Down versus Bottom-Up Macroeconomics

CESifo Working Paper Series No. 3020
Number of pages: 37 Posted: 26 Apr 2010
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 156 (196,507)
Citation 3

Abstract:

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DSGE-model, imperfect information, heuristics, animal spirits

39.

The Fragility of Two Monetary Regimes: The European Monetary System and the Eurozone

Downloads 154 (198,660)
Citation 17

The Fragility of Two Monetary Regimes: The European Monetary System and the Eurozone

National Bank of Belgium Working Paper No. 243
Number of pages: 41 Posted: 14 Oct 2013
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 89 (298,924)
Citation 17

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government bond markets, interbank money market, interest rate spread, Eurozone, EMS, fragility

The Fragility of Two Monetary Regimes: The European Monetary System and the Eurozone

CESifo Working Paper Series No. 4471
Number of pages: 38 Posted: 26 Nov 2013
Yuemei Ji and Paul De Grauwe
KU Leuven - Faculty of Business and Economics (FEB) and London School of Economics & Political Science (LSE)
Downloads 65 (359,900)

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Monetary Union, Eurozone, lender of last resort

40.

Monetary Policy in Emu When the Transmission is Assymmetric and Uncertain

CESifo Working Paper Series No. 891
Number of pages: 22 Posted: 15 Apr 2003
Paul De Grauwe and Marc-Alexandre Senegas
London School of Economics & Political Science (LSE) and University of Bordeaux - GRAPE
Downloads 154 (198,660)

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41.

Assessing Monetary Policy in Norway

CESifo Working Paper Series No. 608
Number of pages: 46 Posted: 29 Nov 2001
Harald Magnus Andreassen, Paul De Grauwe, Haakon Solheim and Oystein Thogersen
First Securities ASA, London School of Economics & Political Science (LSE), Norges Bank and Norwegian School of Economics (NHH) - Department of Economics
Downloads 151 (201,930)

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42.

Modeling Optimism and Pessimism in the Foreign Exchange Market

CESifo Working Paper Series No. 1962
Number of pages: 35 Posted: 26 Apr 2007
Paul De Grauwe and Pablo Rovira Kaltwasser
London School of Economics & Political Science (LSE) and National Bank of Belgium
Downloads 148 (205,365)

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43.

Has the Eurozone Become Less Fragile? Some Empirical Tests

CESifo Working Paper Series No. 5163
Number of pages: 18 Posted: 27 Jan 2015
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and Brunel University London
Downloads 132 (225,169)

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Eurozone, austerity, automatic budget stabilizers

44.

Fiscal Rules, Financial Stability and Optimal Currency Areas

CESifo Working Paper Series No. 5390
Number of pages: 17 Posted: 24 Jun 2015
Paul De Grauwe and Pasquale Foresti
London School of Economics & Political Science (LSE) and London School of Economics & Political Science (LSE)
Downloads 128 (230,568)

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fiscal policy rules, Eurozone, financial stability, policy objectives, optimal currency areas

45.

Stock Prices and Monetary Policy

CEPS Working Document No. 304
Number of pages: 22 Posted: 04 Feb 2009
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 125 (234,762)
Citation 14

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Macroeconomic Policy, Economic Policy

46.

The Exchange Rate in a Model with Heterogeneous Agents and Transactions Costs

CESifo Working Paper Series No. 792
Number of pages: 48 Posted: 11 Nov 2002
Paul De Grauwe and Marianna Grimaldi
London School of Economics & Political Science (LSE) and Monetary Policy Division Sveriges Riksbank
Downloads 123 (237,582)

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47.

The Impact of FX Central Bank Intervention in a Noise Trading Framework

CESifo Working Paper Series No. 1520
Number of pages: 40 Posted: 28 Sep 2005
Paul De Grauwe, Marianna Grimaldi and Michel A. R. Beine
London School of Economics & Political Science (LSE), Monetary Policy Division Sveriges Riksbank and University of Luxemburg
Downloads 111 (256,022)
Citation 1

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48.

Disappearing Government Bond Spreads in the Eurozone – Back to Normal?

CEPS Working Document No. 396
Number of pages: 12 Posted: 20 May 2014
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 105 (266,149)

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Outright Monetary Transactions, OMT, ECB, government bond spreads, eurozone

49.

What Kind of Governance for the Eurozone?

CEPS Policy Brief No. 214
Number of pages: 8 Posted: 08 Oct 2010
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 103 (269,681)
Citation 1

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eurozone, European Central Bank, member states, government, monetary authority, macroeconomic variables, competitiveness, account imbalances

50.

Stock Market Cycles and Supply Side Dynamics: Two Worlds, One Vision?

Downloads 93 (288,491)
Citation 53

Stock Market Cycles and Supply Side Dynamics: Two Worlds, One Vision?

Number of pages: 116 Posted: 07 Oct 2015
Paul De Grauwe and Eddie Gerba
London School of Economics & Political Science (LSE) and Banco de España
Downloads 41 (445,328)
Citation 29

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Supply-side, beliefs, financial frictions, model validations

Stock Market Cycles and Supply Side Dynamics: Two Worlds, One Vision?

CESifo Working Paper Series No. 5573
Number of pages: 117 Posted: 19 Nov 2015
Paul De Grauwe and Eddie Gerba
London School of Economics & Political Science (LSE) and Banco de España
Downloads 31 (492,511)

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supply-side, beliefs, financial frictions, model validations

Stock Market Cycles and Supply Side Dynamics: Two Worlds, One Vision?

Banco de Espana Working Paper, Forthcoming
Number of pages: 124 Posted: 27 Oct 2016
Paul De Grauwe and Eddie Gerba
London School of Economics & Political Science (LSE) and Banco de España
Downloads 21 (553,361)
Citation 25

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supply side, beliefs, financial frictions, model validations

51.

Analyzing Structural Reforms Using a Behavioral Macroeconomic Model

CESifo Working Paper Series No. 6518
Number of pages: 37 Posted: 12 Jul 2017
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
Downloads 90 (294,499)

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Animal Spirits, Structural Reforms, Monetary Policy

52.

Europe for Growth: For a Radical Change in Financing the EU

Jutta Haug, Alain Lamassoure, Guy Verhofstadt, Daniel Gros, Paul De Grauwe, Gaëtane Ricard-Nihoul & Eulalia Rubio, EUROPE FOR GROWTH: FOR A RADICAL CHANGE IN FINANCING THE EU, CEPS Paperbacks, 2011
Number of pages: 86 Posted: 31 Jul 2011
Jutta Haug, Alain Lamassoure, Guy Verhofstadt, Daniel Gros, Gaëtane Ricard-Nihoul, Paul De Grauwe and Eulalia Rubio
affiliation not provided to SSRN, Parlement Europeen, affiliation not provided to SSRN, Centre for European Policy Studies, Brussels, affiliation not provided to SSRN, London School of Economics & Political Science (LSE) and affiliation not provided to SSRN
Downloads 90 (294,499)

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economic crisis, financial crisis, EU, budget, EU budget, member states, public deficit, European Union

53.

Strong Governments, Weak Banks

CEPS Policy Briefs No. 305
Number of pages: 7 Posted: 28 Nov 2013
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 85 (305,252)

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eurozone, governments, banks, northern Europe, Basel III accord

54.

Animal Spirits and the International Transmission of Business Cycles

CESifo Working Paper Series No. 5810
Number of pages: 47 Posted: 15 Apr 2016
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
Downloads 84 (307,467)

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animal spirits, monetary policy, monetary union, business cycle

55.

Governance of a Fragile Eurozone

CEPS Working Documents
Number of pages: 28 Posted: 29 Jul 2011
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 83 (309,797)
Citation 145

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eurozone, debt, currency, economy, market, monetary union, financial markets

56.

Flexibility versus Stability: A Difficult Trade-Off in the Eurozone

CEPS Working Document, No. 422, 2016
Number of pages: 34 Posted: 20 May 2016
Centre for European Policy Studies, Paul De Grauwe and Yuemei Ji
Centre for European Policy Studies (CEPS), London School of Economics & Political Science (LSE) and Brunel University London
Downloads 81 (314,315)
Citation 1

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Optimal currency area, OCA, eurozone

57.

Macroeconomic Modeling When Agents are Imperfectly Informed

CESifo Working Paper Series No. 2318
Number of pages: 56 Posted: 09 Jun 2008
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 80 (316,646)

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DSGE-model, imperfect information, heuristics, animal spirits

58.

Exchange Rate Dynamics in a Target Zone - A Heterogeneous Expectations Approach

Deutsche Bundesbank Discussion Paper No. 05/2007
Number of pages: 42 Posted: 10 Jul 2008
Christian Bauer, Paul De Grauwe and Stefan Reitz
University of Bayreuth, London School of Economics & Political Science (LSE) and University of Giessen
Downloads 78 (321,375)
Citation 2

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Exchange rate, heterogeneous agents, target zones

59.

Should Central Banks Target Stock Prices?

CEPS Policy Brief No. 171
Number of pages: 3 Posted: 27 Jan 2009
Paul De Grauwe
London School of Economics & Political Science (LSE)
Downloads 77 (323,731)

Abstract:

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Macroeconomic Policy, Economic Policy

60.

Exchange Rates Dynamics in a Target Zone - A Heterogeneous Expectations Approach

CESifo Working Paper Series No. 2080
Number of pages: 40 Posted: 15 Aug 2007
Christian Bauer, Paul De Grauwe and Stefan Reitz
University of Trier, London School of Economics & Political Science (LSE) and German Federal Bank - Economics Department
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exchange rate, heterogeneous agents, target zones

61.

The EU Debt Crisis: Testing and Revisiting Conventional Legal Doctrine

LEQS Paper No. 108
Number of pages: 26 Posted: 15 Apr 2016
Paul De Grauwe, Yuemei Ji and Armin Steinbach
London School of Economics & Political Science (LSE), University College London - School of Slavonic and East European Studies and Oxford University - Nuffield College
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62.

Intervention in the Foreign Exchange Market in a Model with Noise Traders

HKIMR Working Paper No. 16/2003
Number of pages: 38 Posted: 24 Aug 2007
Paul De Grauwe and Marianna Grimaldi
London School of Economics & Political Science (LSE) and Monetary Policy Division Sveriges Riksbank
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63.

Stock Market Cycles and Supply Side Dynamics

Number of pages: 61 Posted: 03 Oct 2015
Paul De Grauwe and Eddie Gerba
London School of Economics & Political Science (LSE) and Banco de España
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Supply-side, beliefs, financial frictions, model validation

64.

How Safe is a Safe Asset?

CEPS Policy Insight, No 2018-08/February 2018
Number of pages: 8 Posted: 14 Jun 2018
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
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European Systemic Risk Board, eurozone, government bond markets, sovereign bond markets

65.

Monetary Policy in a Cashless Society

CEPR Discussion Paper No. 2696
Number of pages: 31 Posted: 28 Feb 2001
Claudia Costa Storti and Paul De Grauwe
Banco de Portugal and London School of Economics & Political Science (LSE)
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Cashless Society, Electronic Money, Monetary Policy

66.

What Have We Learnt About Monetary Integration Since the Maastricht Treaty?

Journal of Common Market Studies, Vol. 44, No. 4, pp. 711-730, November 2006
Number of pages: 20 Posted: 08 Oct 2006
Paul De Grauwe
London School of Economics & Political Science (LSE)
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67.

The Exchange Rate and its Fundamentals in a Complex World

Review of International Economics, Vol. 13, No. 3, pp. 549-575, August 2005
Number of pages: 27 Posted: 22 Jul 2005
Paul De Grauwe and Marianna Grimaldi
London School of Economics & Political Science (LSE) and Monetary Policy Division Sveriges Riksbank
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68.

Asymmetries in Monetary Policy Transmission: Some Implications for Emu and its Enlargement

Journal of Common Market Studies, Vol. 42, No. 4, pp. 757-773, November 2004
Number of pages: 17 Posted: 28 Oct 2004
Paul De Grauwe and Marc-Alexandre Senegas
London School of Economics & Political Science (LSE) and University of Bordeaux - GRAPE
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69.

Globalization and Social Spending

Pacific Economic Review, Vol. 10, No. 1, pp. 105-123, February 2005
Number of pages: 19 Posted: 14 Mar 2005
Paul De Grauwe and Magdalena Polan
London School of Economics & Political Science (LSE) and KU Leuven - Department of Economics
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70.

Electronic Money and the Optimal Size of Monetary Unions

CEPR Discussion Paper No. 3391
Number of pages: 23 Posted: 16 Jul 2002
Claudia Costa Storti and Paul De Grauwe
Banco de Portugal and London School of Economics & Political Science (LSE)
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71.

Challenges for Monetary Policy in Euroland

Journal of Common Market Studies, Vol. 40, pp. 693-718, 2002
Number of pages: 26 Posted: 05 Jan 2003
Paul De Grauwe
London School of Economics & Political Science (LSE)
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72.

Exchange Rate Dynamics in a Target Zone: A Heterogeneous Expectations Approach

Bundesbank Series 1 Discussion Paper No. 2007,11
Number of pages: 52 Posted: 08 Jun 2016
Christian Bauer, Paul De Grauwe and Stefan Reitz
University of Bayreuth, London School of Economics & Political Science (LSE) and German Federal Bank - Economics Department
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Exchange rate, heterogeneous agents, target zones

73.

Union-Wide Aggregates Versus National Data Based Monetary Policies: Does it Matter for the Eurosystem?

CEPR Discussion Paper No. 3036
Number of pages: 44 Posted: 20 Nov 2001
Paul De Grauwe and Tomasz Piskorski
London School of Economics & Political Science (LSE) and KU Leuven - Department of Economics
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Welfare aggregation, heterogenous monetary union, loss function, optimal linear feedback rules, ECB, EMU

74.

Financial Crises and Liberalization: Progress or Reversals?

IZA Discussion Paper No. 12393
Number of pages: 51 Posted: 25 Jun 2019
Orkun Saka, Nauro F. Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli
University of Sussex, Brunel University London - Economics and Finance, London School of Economics & Political Science (LSE), University College London - School of Slavonic and East European Studies and London School of Economics & Political Science (LSE)
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financial reforms, financial crises, reform reversals, local projections

75.

Financial Crises and Liberalisation: Progress or Reversals?

CEPR Discussion Paper No. DP13776
Number of pages: 52 Posted: 11 Jun 2019
Orkun Saka, Nauro F. Campos, Paul De Grauwe, Yuemei Ji and Angelo Martelli
University of Sussex, Brunel University London - Economics and Finance, London School of Economics & Political Science (LSE), University College London - School of Slavonic and East European Studies and London School of Economics & Political Science (LSE)
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financial crises, Financial Reforms, local projections, Reform reversals

76.

Fiscal Policies in Booms and Busts

CEPR Discussion Paper No. DP13740
Number of pages: 40 Posted: 22 May 2019
Paul De Grauwe, Pasquale Foresti and Yuemei Ji
London School of Economics & Political Science (LSE), University of Roehampton and University College London - School of Slavonic and East European Studies
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Fiscal Multiplier, Fiscal policy, low and high interest rate regimes, public debt sustainability, tradeoffs

77.

Inflation Targets and the Zero Lower Bound in a Behavioural Macroeconomic Model

Economica, Vol. 86, Issue 342, pp. 262-299, 2019
Number of pages: 38 Posted: 06 Mar 2019
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
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78.

Animal Spirits and Fiscal Policy

CEPR Discussion Paper No. DP13376
Number of pages: 38 Posted: 11 Dec 2018 Last Revised: 17 Dec 2018
Paul De Grauwe and Pasquale Foresti
London School of Economics & Political Science (LSE) and University of Roehampton
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79.

Behavioural Economics is Useful Also in Macroeconomics: The Role of Animal Spirits

Comparative Economic Studies, Vol. 60, Issue 2, 2018
Number of pages: 14 Posted: 02 Jul 2018
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
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Animal spirits, Behavioural macroeconomics, Monetary policy, Inflation target, Zero lower bound, Business cycles

80.

Inflation Targets and the Zero Lower Bound in a Behavioral Macroeconomic Model

CEPR Discussion Paper No. DP11320
Number of pages: 30 Posted: 13 Jun 2016
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
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behavioral macroeconomics, Inflation targeting, zero lower bound

81.

The Future of the Eurozone

The Manchester School, Vol. 82, pp. 15-34, 2014
Number of pages: 20 Posted: 22 Aug 2014
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
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82.

Mispricing of Sovereign Risk and Macroeconomic Stability in the Eurozone

JCMS: Journal of Common Market Studies, Vol. 50, Issue 6, pp. 866-880, 2012
Number of pages: 15 Posted: 18 Oct 2012
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and KU Leuven - Faculty of Business and Economics (FEB)
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83.

Lessons from the Eurocrisis for East Asian Monetary Relations

The World Economy, Vol. 35, Issue 4, pp. 405-418, 2012
Number of pages: 14 Posted: 19 Apr 2012
Paul De Grauwe
London School of Economics & Political Science (LSE)
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84.

Structural Reforms and Monetary Policies in a Behavioural Macroeconomic Model

CEPR Discussion Paper No. DP12336
Number of pages: 45 Posted: 04 Oct 2017 Last Revised: 09 Oct 2017
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
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behavioural macroeconomics, Structural reforms

85.

Endogenous Asymmetric Shocks in the Eurozone. The Role of Animal Spirits

CEPR Discussion Paper No. DP11887
Number of pages: 49 Posted: 16 Mar 2017
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
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animal spirits, behavioral macroeconomics, Business Cycles, monetary union

86.

Flexibility versus Stability. A Difficult Trade-Off in the Eurozone

CEPR Discussion Paper No. DP11372
Number of pages: 43 Posted: 07 Jul 2016
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
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Business Cycles, optimal currency areas, Structural reforms

87.

International Correlation of Business Cycles in a Behavioral Macroeconomic Model

CEPR Discussion Paper No. DP11257
Number of pages: 47 Posted: 09 May 2016
Paul De Grauwe and Yuemei Ji
London School of Economics & Political Science (LSE) and University College London - School of Slavonic and East European Studies
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Citation 1
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animal spirits, behavioral macroeconomics, Business Cycles

88.

European Monetary Unification: A Few Lessons for East Asia

Scottish Journal of Political Economy, Vol. 63, Issue 1, pp. 7-17, 2016
Number of pages: 11 Posted: 19 Jan 2016
Paul De Grauwe
London School of Economics & Political Science (LSE)
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89.

The Political Economy of the Euro

Annual Review of Political Science, Vol. 16, pp. 153-170, 2013
Posted: 15 May 2013
Paul De Grauwe
London School of Economics & Political Science (LSE)

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90.

The Governance of a Fragile Eurozone

Australian Economic Review, Vol. 45, Issue 3, pp. 255-268, 2012
Number of pages: 14 Posted: 30 Aug 2012
Paul De Grauwe
London School of Economics & Political Science (LSE)
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91.

The Banking Crisis: Causes, Consequences and Remedies

CEPS Policy Briefs
Posted: 26 Jan 2009 Last Revised: 28 Jan 2009
Paul De Grauwe
London School of Economics & Political Science (LSE)

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Macroeconomic Policy, Economic Policy

92.

Do Asymmetries Matter for European Monetary Policy?

European Economic Review, 46, pp. 443-469.
Posted: 10 Dec 2001
Yunus Aksoy, Paul De Grauwe and Hans Dewachter
Birkbeck University of London, London School of Economics & Political Science (LSE) and Catholic University of Leuven (KUL) - Department of Economics

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EMU, linear feedback rules, monetary stability

93.

Social Conflict and Growth in Euroland

CEPR Working Paper No. 2186
Posted: 18 Sep 1999
Paul De Grauwe and Frauke Skudelny
London School of Economics & Political Science (LSE) and European Central Bank (ECB)

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94.

The European Central Bank: Decision Rules and Macroeconomic Performance

CEPR Discussion Paper Series Number 2067
Posted: 18 Jun 1999
Paul De Grauwe, Hans Dewachter and Yunus Aksoy
London School of Economics & Political Science (LSE), Catholic University of Leuven (KUL) - Department of Economics and Birkbeck University of London

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95.

The Risk of Deflation in the Future Emu: Lessons of the 1990s

CEPR Discussion Paper Series No. 1834
Posted: 18 Aug 1998
Paul De Grauwe
London School of Economics & Political Science (LSE)

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96.

Stochastic Process Switching and Stage Iii of Emu

CEPR Discussion Paper Series No. 1783
Posted: 11 May 1998
Paul De Grauwe
London School of Economics & Political Science (LSE)

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97.

The Indeterminacy of the Euro Conversion Rates: Why it Matters and How it Can Be Solved

CEPR Working Paper No. 1677
Posted: 29 Apr 1998
Paul De Grauwe
London School of Economics & Political Science (LSE)

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98.

How to Fix Conversion Rates at the Start of Emu

CEPR Discussion Paper Series No. 1530
Posted: 20 Mar 1997
Paul De Grauwe
London School of Economics & Political Science (LSE)

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99.

Inflation Targeting to Achieve Inflation Convergence in the Transition Towards Emu

CEPR Discussion Paper Series No. 1457
Posted: 17 Mar 1997
Paul De Grauwe
London School of Economics & Political Science (LSE)

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100.

The Prospects of a Mini Currency Union in 1999

CEPR Discussion Paper Series No. 1458
Posted: 13 Mar 1997
Paul De Grauwe
London School of Economics & Political Science (LSE)

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