default author photo

Paolo A. Pesenti

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

32

DOWNLOADS
Rank 22,841

SSRN RANKINGS

Top 22,841

in Total Papers Downloads

5,470

TOTAL CITATIONS
Rank 1,303

SSRN RANKINGS

Top 1,303

in Total Papers Citations

230

Scholarly Papers (32)

1.

The Economics of Currency Crises and Contagion: An Introduction

Economic Policy Review, Vol. 6, No. 3, September 2000
Number of pages: 14 Posted: 16 Dec 2005
Paolo A. Pesenti and Cédric Tille
Federal Reserve Bank of New York and Graduate Institute of International and Development Studies (HEI)
Downloads 1,029 (54,490)
Citation 1

Abstract:

Loading...

currency crises, Asia, international capital markets

2.

What Caused the Asian Currency and Financial Crisis? Part I: a Macroeconomic Overview

NBER Working Paper No. w6833
Number of pages: 51 Posted: 05 May 1999 Last Revised: 04 Sep 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 586 (115,649)
Citation 25

Abstract:

Loading...

3.

Welfare-Based Monetary Policy Rules in an Estimated DSGE Model of the Us Economy

ECB Working Paper No. 613
Number of pages: 68 Posted: 22 May 2006
Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 505 (138,872)
Citation 21

Abstract:

Loading...

Competition, markups, monetary policy, Taylor rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 64 Posted: 25 Aug 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 137 (534,931)
Citation 1

Abstract:

Loading...

Competition, Markups, Monetary Policy, Taylor Rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 50 Posted: 30 May 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 136 (538,342)
Citation 7

Abstract:

Loading...

Competition, markups, monetary policy, Taylor Rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 52 Posted: 12 Aug 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 18 (1,525,626)
Citation 2
  • Add to Cart

Abstract:

Loading...

Competition, mark-ups, monetary policy, Taylor rule

5.

What Caused the Asian Currency and Financial Crisis? Part Ii: the Policy Debate

NBER Working Paper No. w6834
Number of pages: 41 Posted: 10 Jun 2000 Last Revised: 06 Mar 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 257 (296,486)

Abstract:

Loading...

6.
Downloads 254 (300,076)
Citation 9

Competitive Devaluations: A Welfare-Based Approach

FRB of New York Staff Report No. 58
Number of pages: 36 Posted: 26 Aug 1999
European University Institute, Federal Reserve Bank of New York, New York University - Leonard N. Stern School of Business - Department of Economics and Graduate Institute of International and Development Studies (HEI)
Downloads 195 (388,047)
Citation 9

Abstract:

Loading...

competitive devaluations, exchange rate shocks, contagion, global trade links, law of one price

Competitive Devaluations: a Welfare-Based Approach

NBER Working Paper No. w6889
Number of pages: 36 Posted: 05 May 1999 Last Revised: 30 Oct 2022
European University Institute, Federal Reserve Bank of New York, New York University - Leonard N. Stern School of Business - Department of Economics and Graduate Institute of International and Development Studies (HEI)
Downloads 59 (986,385)

Abstract:

Loading...

Commodity Prices, Commodity Currencies, and Global Economic Developments

FRB of New York Staff Report No. 387
Number of pages: 33 Posted: 03 Sep 2009
Jan J. Groen and Paolo A. Pesenti
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 150 (494,078)
Citation 6

Abstract:

Loading...

Commodity prices, forecasting, exchange rates, factor models, PLS regression

Commodity prices, commodity currencies, and global economic developments

NBER Working Paper No. w15743
Number of pages: 33 Posted: 22 Feb 2010 Last Revised: 09 Jul 2023
Jan J. Groen and Paolo A. Pesenti
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 69 (895,539)

Abstract:

Loading...

Commodity Prices, Commodity Currencies, and Global Economic Developments

CEPR Discussion Paper No. DP7689
Number of pages: 35 Posted: 01 Mar 2010
Jan J. Groen and Paolo A. Pesenti
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 5 (1,640,921)
  • Add to Cart

Abstract:

Loading...

Commodity prices, Exchange rates, Factor models, Forecasting, PLS regression

Productivity Spillovers, Terms of Trade, and the 'Home Market Effect'

Number of pages: 32 Posted: 24 Feb 2005
Paolo A. Pesenti, Giancarlo Corsetti and Philippe Martin
Federal Reserve Bank of New York, European University Institute and Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS)
Downloads 131 (555,883)

Abstract:

Loading...

trade, productivity, terms of trade, taste for variety

Productivity Spillovers, Terms of Trade and the "Home Market Effect"

NBER Working Paper No. w11165
Number of pages: 32 Posted: 30 Mar 2005 Last Revised: 06 Jul 2022
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Federal Reserve Bank of New York
Downloads 62 (957,329)
Citation 3

Abstract:

Loading...

Productivity Spillovers, Terms of Trade and the 'Home Market Effect'

CEPR Discussion Paper No. 4964
Number of pages: 34 Posted: 27 Jul 2005
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Federal Reserve Bank of New York
Downloads 22 (1,473,203)
Citation 21
  • Add to Cart

Abstract:

Loading...

Trade, productivity, terms of trade, taste for variety

9.
Downloads 208 (366,366)
Citation 1

Self-Validating Optimum Currency Areas

FRB of New York Staff Report No. 152
Number of pages: 34 Posted: 31 Jul 2006
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 117 (611,628)
Citation 1

Abstract:

Loading...

optimal currency areas, monetary union, optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through

Self-Validating Optimum Currency Areas

NBER Working Paper No. w8783
Number of pages: 26 Posted: 14 Feb 2002 Last Revised: 03 Jul 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 69 (895,539)

Abstract:

Loading...

Self-Validating Optimum Currency Areas

Number of pages: 29 Posted: 14 Mar 2002
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 22 (1,473,203)
  • Add to Cart

Abstract:

Loading...

Optimum currency areas, monetary union, optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

FRB of New York Staff Report No. 268
Number of pages: 59 Posted: 06 Dec 2006
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 120 (602,987)

Abstract:

Loading...

current account deficit, multicountry dynamic general equilibrium models, trade policy

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

NBER Working Paper No. w12704
Number of pages: 59 Posted: 20 Nov 2006 Last Revised: 20 Mar 2022
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 56 (1,017,159)

Abstract:

Loading...

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

CEPR Discussion Paper No. 5993
Number of pages: 61 Posted: 20 Mar 2007
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 16 (1,548,841)
Citation 3
  • Add to Cart

Abstract:

Loading...

Current account deficit, multi-country DGE models, net asset positions, trade policy

11.

Paper Tigers? a Model of the Asian Crisis

NBER Working Paper No. w6783
Number of pages: 45 Posted: 02 Mar 1999 Last Revised: 16 Jul 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 182 (420,133)
Citation 11

Abstract:

Loading...

12.
Downloads 180 (420,133)
Citation 35

International Dimensions of Optimal Monetary Policy

NBER Working Paper No. w8230
Number of pages: 45 Posted: 08 Apr 2001 Last Revised: 29 Dec 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 83 (792,223)

Abstract:

Loading...

International Dimensions of Optimal Monetary Policy

FRB of New York Staff Report No. 124
Number of pages: 45 Posted: 09 Aug 2006
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 79 (819,435)

Abstract:

Loading...

optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

International Dimensions of Optimal Monetary Policy

Number of pages: 46 Posted: 04 Jun 2002
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 18 (1,525,626)
Citation 35
  • Add to Cart

Abstract:

Loading...

Optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

Number of pages: 75 Posted: 30 May 2005
Paolo A. Pesenti and Giancarlo Corsetti
Federal Reserve Bank of New York and European University Institute
Downloads 146 (506,124)

Abstract:

Loading...

optimal monetary policy, nominal rigidities, exchange rate pass-through

The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

CEPR Discussion Paper No. 5080
Number of pages: 77 Posted: 06 Oct 2005
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 24 (1,445,011)
Citation 6
  • Add to Cart

Abstract:

Loading...

Optimal monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

14.

Theoretical Notes on Commodity Prices and Monetary Policy

BIS Paper No. 70i
Number of pages: 12 Posted: 14 Apr 2013
Paolo A. Pesenti
Federal Reserve Bank of New York
Downloads 150 (494,203)
Citation 1

Abstract:

Loading...

commodity prices, core and headline inflation, monetary policy

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

FRB of New York Staff Report No. 267
Number of pages: 37 Posted: 06 Dec 2006
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 76 (840,816)

Abstract:

Loading...

deflation, monetary policy rules, zero interest rate floor

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

NBER Working Paper No. w12703
Number of pages: 37 Posted: 20 Nov 2006 Last Revised: 18 Sep 2022
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 41 (1,196,631)

Abstract:

Loading...

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

CEPR Discussion Paper No. 5997
Number of pages: 39 Posted: 23 Mar 2007
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 13 (1,579,999)
  • Add to Cart

Abstract:

Loading...

Deflation, monetary policy rules, zero interest rate floor

16.

The Role of Large Players in Currency Crises

NBER Working Paper No. w8303
Number of pages: 71 Posted: 17 May 2001 Last Revised: 11 Mar 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 114 (621,896)
Citation 1

Abstract:

Loading...

17.

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
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 102 (679,608)
Citation 1

Abstract:

Loading...

China, Euro area, slowdown, spillovers

18.

Welfare and Macroeconomic Interdependence

NBER Working Paper No. w6307
Number of pages: 49 Posted: 11 Jun 2000 Last Revised: 26 Sep 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 98 (699,467)
Citation 50

Abstract:

Loading...

Oil Price Movements and the Global Economy: A Model-Based Assessment

NBER Working Paper No. w13792
Number of pages: 49 Posted: 13 Feb 2008 Last Revised: 09 Sep 2022
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 88 (761,092)

Abstract:

Loading...

Oil Price Movements and the Global Economy: A Model-Based Assessment

CEPR Discussion Paper No. DP6700
Number of pages: 51 Posted: 10 Jun 2008
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, Bank of Canada, International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 4 (1,646,315)
  • Add to Cart

Abstract:

Loading...

DSGE models, Oil prices, World economy

20.

Do Nontraded Goods Explain the Home Bias Puzzle?

NBER Working Paper No. w5784
Number of pages: 35 Posted: 27 Feb 1997 Last Revised: 26 Oct 2022
Paolo A. Pesenti and Eric van Wincoop
Federal Reserve Bank of New York and University of Virginia - Department of Economics
Downloads 68 (891,180)
Citation 2

Abstract:

Loading...

Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment

NBER Working Paper No. w13795
Number of pages: 28 Posted: 13 Feb 2008 Last Revised: 13 Mar 2022
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques and Federal Reserve Bank of New York
Downloads 64 (938,792)
Citation 6

Abstract:

Loading...

Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment

CEPR Discussion Paper No. DP6660
Number of pages: 29 Posted: 05 Jun 2008
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques and Federal Reserve Bank of New York
Downloads 3 (1,651,368)
  • Add to Cart

Abstract:

Loading...

Current account, extensive margin, global imbalances, transfer problem

22.

A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises

NBER Working Paper No. w5140
Number of pages: 43 Posted: 05 Jul 2000 Last Revised: 20 Jul 2022
Willem H. Buiter, Giancarlo Corsetti and Paolo A. Pesenti
Centre for Economic Policy Research (CEPR), European University Institute and Federal Reserve Bank of New York
Downloads 66 (907,769)

Abstract:

Loading...

23.

Monetary Rules for Small, Open, Emerging Economies

NBER Working Paper No. w9568
Number of pages: 59 Posted: 20 Mar 2003 Last Revised: 25 Aug 2022
Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 65 (916,100)
Citation 8

Abstract:

Loading...

24.

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment

NBER Working Paper No. w10416
Number of pages: 50 Posted: 21 Apr 2004 Last Revised: 19 Jun 2022
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 59 (970,490)

Abstract:

Loading...

25.

Rational Speculative Bubbles in an Exchange Rate Target Zone

NBER Working Paper No. w3467
Number of pages: 49 Posted: 28 Jun 2004 Last Revised: 24 Dec 2022
Willem H. Buiter and Paolo A. Pesenti
Centre for Economic Policy Research (CEPR) and Federal Reserve Bank of New York
Downloads 52 (1,041,696)

Abstract:

Loading...

26.
Downloads 44 (1,133,231)

Spillovers and Spillbacks

NBER Working Paper No. w32245
Number of pages: 60 Posted: 18 Mar 2024
Sushant Acharya and Paolo A. Pesenti
Government of Canada - Bank of Canada and Federal Reserve Bank of New York
Downloads 22 (1,473,203)

Abstract:

Loading...

Spillovers and Spillbacks

FRB of New York Staff Report No. 1089, https://doi.org/10.59576/sr.1089
Number of pages: 60 Posted: 23 Mar 2024
Sushant Acharya and Paolo A. Pesenti
Government of Canada - Bank of Canada and Federal Reserve Bank of New York
Downloads 22 (1,473,203)

Abstract:

Loading...

monetary policy spillovers, incomplete markets, precautionary savings, real-income channel

27.

The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

NBER Working Paper No. w11341
Number of pages: 75 Posted: 28 Jun 2012 Last Revised: 29 Dec 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 37 (1,222,651)

Abstract:

Loading...

28.

Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing

NBER Working Paper No. w11583
Number of pages: 72 Posted: 26 Aug 2012 Last Revised: 27 Aug 2022
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 33 (1,277,121)
Citation 9

Abstract:

Loading...

29.

Monetary Policy Spillovers in the Global Economy

Liberty Street Economics
Posted: 07 Apr 2025
University of Melbourne, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York

Abstract:

Loading...

spillovers

30.

Monetary Policy Spillovers and the Role of the Dollar

Liberty Street Economics
Posted: 07 Apr 2025
University of Melbourne, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York

Abstract:

Loading...

global spillovers

31.

How Household Saving Affects Monetary Policy Spillovers

Liberty Street Economics
Posted: 07 Apr 2025
University of Melbourne, Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Federal Reserve Bank of New York

Abstract:

Loading...

global spillovers

32.

Interpreting the Erm Crisis: Country-Specific and Systemic Issues

CEPR Discussion Paper Series No. 1466
Posted: 13 Mar 1997
Willem H. Buiter, Giancarlo Corsetti and Paolo A. Pesenti
Centre for Economic Policy Research (CEPR), European University Institute and Federal Reserve Bank of New York

Abstract:

Loading...