Pierre-Olivier Gourinchas

University of California, Berkeley - Department of Economics

549 Evans Hall #3880

Berkeley, CA 94720-3880

United States

http://sites.google.com/view/pgourinchas

University of California, Berkeley - Economic Analysis & Policy Group

Berkeley, CA 94720

United States

http://sites.google.com/view/pgourinchas

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

http://www.nber.org/people/pierre-olivier_gourinchas

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

http://cepr.org/active/publications/discussion_papers/authorlist.php?ident=136737

  • University of California, Berkeley - Department of Economics

  • University of California, Berkeley - Economic Analysis & Policy Group

SCHOLARLY PAPERS

40

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Top 148

in Total Papers Citations

2,394

CROSSREF CITATIONS

2,791

Scholarly Papers (40)

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1.

Born Out of Necessity: A Debt Standstill for COVID-19

Center for Economic Policy Research; Policy Insight No. 103 (2020), Duke Law School Public Law & Legal Theory Series No. 2020-23
Number of pages: 11 Posted: 28 Apr 2020 Last Revised: 13 May 2020
Patrick Bolton, Lee C. Buchheit, Pierre-Olivier Gourinchas, Mitu Gulati, Chang-Tai Hsieh, Ugo Panizza, Beatrice Weder di Mauro and Beatrice Weder di Mauro
Imperial College London, Center for Contract and Economic Organization, University of California, Berkeley - Department of Economics, University of Virginia School of Law, University of Chicago - Booth School of Business, United Nations - Conference on Trade and Development (UNCTAD) and Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID
Downloads 736 (58,346)
Citation 8

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debt standstill, COVID-19, sovereign debt

2.

Global Safe Assets

BIS Working Paper No. 399
Number of pages: 68 Posted: 12 Apr 2013
Pierre-Olivier Gourinchas and Olivier Jeanne
University of California, Berkeley - Department of Economics and Johns Hopkins University - Department of Economics
Downloads 464 (104,013)
Citation 6

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safe assets, dollar, euro, liquidity trap, government debt crisis

3.

An Equilibrium Model of Global Imbalances and Low Interest Rates

Downloads 406 (121,565)
Citation 213

An Equilibrium Model of Global Imbalances and Low Interest Rates

MIT Department of Economics Working Paper No. 06-02
Number of pages: 55 Posted: 20 Jan 2006
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 330 (151,866)
Citation 26

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Current account deficits, capital flows, interest rates, global portfolios and equilibrium, growth and financial development asymmetries, exchange rates, FDI, intermediation rents

An Equilibrium Model of "Global Imbalances" and Low Interest Rates

NBER Working Paper No. w11996
Number of pages: 54 Posted: 01 Jun 2006 Last Revised: 13 Oct 2022
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 76 (522,549)
Citation 28

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4.

International Financial Adjustment

Downloads 313 (161,772)
Citation 225

International Financial Adjustment

UC Berkeley Center for International and Development Economic Research Working Paper No. C05-139
Number of pages: 47 Posted: 12 May 2005
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
Downloads 193 (259,189)
Citation 22

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Meese-Rogoff, external adjustment, net foreign assets, valuation

International Financial Adjustment

NBER Working Paper No. w11155
Number of pages: 44 Posted: 22 Mar 2005 Last Revised: 26 Jun 2022
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
Downloads 98 (445,181)
Citation 52

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International Financial Adjustment

Number of pages: 46 Posted: 21 Jun 2005
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
Downloads 22 (859,409)
Citation 5
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Exchange rates, external adjustment, MeeseRogoff, net foreign assets, valuation

International Financial Adjustment

Journal of Political Economy, Vol. 115, No. 4, 2007
Posted: 21 Dec 2007
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School

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5.

Capital Flows to Developing Countries: The Allocation Puzzle

Downloads 301 (168,598)
Citation 103

Capital Flows to Developing Countries: The Allocation Puzzle

Peterson Institute for International Economics Working Paper No. 09-12
Number of pages: 48 Posted: 19 Nov 2009 Last Revised: 26 Oct 2011
Olivier Jeanne and Pierre-Olivier Gourinchas
International Monetary Fund (IMF) - Research Department and University of California, Berkeley - Department of Economics
Downloads 207 (243,037)
Citation 5

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Capital Flows, Productivity, Growth

Capital Flows to Developing Countries: The Allocation Puzzle

NBER Working Paper No. w13602
Number of pages: 54 Posted: 14 Nov 2007 Last Revised: 02 Sep 2022
Pierre-Olivier Gourinchas and Olivier Jeanne
University of California, Berkeley - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 85 (488,300)
Citation 45

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Capital Flows to Developing Countries: The Allocation Puzzle

CEPR Discussion Paper No. DP6561
Number of pages: 56 Posted: 06 Jun 2008
Pierre-Olivier Gourinchas and Olivier Jeanne
University of California, Berkeley - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 9 (990,628)
Citation 15
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capital flows, Lucas puzzle

6.

An Equilibrum Model of 'Global Imbalances' and Low Interest Rates

BIS Working Paper No. 222
Number of pages: 88 Posted: 20 Sep 2007
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 252 (202,008)

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Current account deficits, capital flows, interest rates, global portfolios and equilibrium, growth and financial development asymmetries, exchange rates, FDI, intermediation rents

7.

The Elusive Gains from International Financial Integration

Downloads 231 (219,817)
Citation 125

The Elusive Gains from International Financial Integration

IMF Working Paper No. 04/74
Number of pages: 47 Posted: 15 Feb 2006
Pierre-Olivier Gourinchas and Olivier Jeanne
University of California, Berkeley - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 140 (341,404)
Citation 5

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Capital flows, international financial integration, growth, capital scarcity, neoclassical model, human capital

The Elusive Gains from International Financial Integration

NBER Working Paper No. w9684
Number of pages: 42 Posted: 11 May 2003 Last Revised: 19 Jun 2022
Pierre-Olivier Gourinchas and Olivier Jeanne
University of California, Berkeley - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 65 (570,812)
Citation 47

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The Elusive Gains from International Financial Integration

Number of pages: 43 Posted: 26 Jun 2003
Pierre-Olivier Gourinchas and Olivier Jeanne
University of California, Berkeley - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 26 (823,125)
Citation 73
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International financial integration, capital flows, development accounting, convergence

8.

Rents, Technical Change, and Risk Premia

MIT Department of Economics Working Paper No. 17-05
Number of pages: 13 Posted: 24 Mar 2017
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 223 (227,350)

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9.

Estimating SME Failures in Real Time: An Application to the Covid-19 Crisis

Downloads 208 (242,492)
Citation 15

Estimating SME Failures in Real Time: An Application to the Covid-19 Crisis

NBER Working Paper No. w27877
Number of pages: 42 Posted: 28 Sep 2020 Last Revised: 04 Mar 2023
Pierre-Olivier Gourinchas, Ṣebnem Kalemli-Özcan, Veronika Penciakova, Veronika Penciakova and Nicholas Sander
University of California, Berkeley - Department of Economics, University of Maryland, Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Atlanta and Government of Canada - Bank of Canada
Downloads 163 (300,879)

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COVID-19 and SME Failures

FRB Atlanta Working Paper No. 2020-21
Number of pages: 55 Posted: 20 Apr 2021
Pierre-Olivier Gourinchas, Ṣebnem Kalemli-Özcan, Veronika Penciakova, Veronika Penciakova and Nick Sander
University of California, Berkeley - Department of Economics, University of Maryland, Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Atlanta and University of California, Berkeley
Downloads 43 (693,202)
Citation 8

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Estimating SME Failures in Real Time: An Application to the Covid-19 Crisis

CEPR Discussion Paper No. DP15323
Number of pages: 44 Posted: 03 Nov 2020 Last Revised: 04 Feb 2022
Pierre-Olivier Gourinchas, Ṣebnem Kalemli-Özcan, Veronika Penciakova, Veronika Penciakova and Nicholas Sander
University of California, Berkeley - Department of Economics, University of Maryland, Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Atlanta and Government of Canada - Bank of Canada
Downloads 2 (1,053,873)
Citation 4
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bankruptcy, business failure, COVID-19, SMEs

10.

Global Imbalances and Policy Wars at the Zero Lower Bound

Downloads 181 (274,799)
Citation 35

Global Imbalances and Policy Wars at the Zero Lower Bound

Number of pages: 67 Posted: 09 Mar 2020
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 97 (448,159)

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Liquidity and Safety Traps, Safe Assets, Global Recession, Currency Wars, Trade Wars, Current Account, Capital Flows, Reserve Currency, Secular Stagnation, Public Debt, Fiscal Policy, Balanced Budget

Global Imbalances and Policy Wars at the Zero Lower Bound

NBER Working Paper No. w21670
Number of pages: 70 Posted: 26 Oct 2015 Last Revised: 19 Mar 2023
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 83 (495,483)
Citation 3

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Global Imbalances and Currency Wars at the ZLB

CEPR Discussion Paper No. DP10905
Number of pages: 68 Posted: 28 Oct 2015
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 1 (1,062,877)
Citation 18
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capital flows, current account, exhorbitant privilege, forward guidance, inflation rate, interest rates, liquidity and safety traps, recessions, reserve currency, safe assets, secular stagnation, Taylor rule, uncovered interest parity

Global Imbalances and Policy Wars at the Zero Lower Bound

CEPR Discussion Paper No. DP14424
Number of pages: 70 Posted: 03 Mar 2020
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
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11.

From World Banker to World Venture Capitalist: Us External Adjustment and the Exorbitant Privilege

Downloads 171 (288,874)
Citation 194

From World Banker to World Venture Capitalist: Us External Adjustment and the Exorbitant Privilege

NBER Working Paper No. w11563
Number of pages: 44 Posted: 05 Oct 2005 Last Revised: 07 Aug 2022
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
Downloads 136 (349,350)
Citation 14

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From World Banker to World Venture Capitalist: Us External Adjustment and the Exorbitant Privilege

CEPR Discussion Paper No. 5220
Number of pages: 46 Posted: 07 Oct 2005
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
Downloads 35 (749,977)
Citation 5
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Gross positions, net foreign assets, trade adjustment channel, financial adjustment channel, dollar exchange rate, sustainability

12.

Global Real Rates: A Secular Approach

Downloads 166 (296,088)
Citation 7

Global Real Rates: A Secular Approach

BIS Working Paper No. 793
Number of pages: 79 Posted: 12 Aug 2019
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
Downloads 165 (297,791)
Citation 4

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real interest rates, consumption-wealth ratio, financial boom-bust cycle

Global Real Rates: A Secular Approach

CEPR Discussion Paper No. DP16941
Number of pages: 65 Posted: 04 Feb 2022
Pierre-Olivier Gourinchas, Hélène Rey and Maxime Sauzet
University of California, Berkeley - Department of Economics, London Business School and Boston University
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13.

Financial Crash, Commodity Prices and Global Imbalances

NBER Working Paper No. w14521
Number of pages: 61 Posted: 08 Dec 2008 Last Revised: 05 Sep 2022
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 145 (331,357)
Citation 4

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14.

Consumption Over the Life Cycle

Downloads 137 (346,463)
Citation 473

Consumption Over the Life Cycle

NBER Working Paper No. w7271
Number of pages: 50 Posted: 30 Apr 2000 Last Revised: 14 Nov 2022
Jonathan A. Parker and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Berkeley - Department of Economics
Downloads 116 (394,166)
Citation 4

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Consumption Over the Life-Cycle

Number of pages: 54 Posted: 04 May 2001
Pierre-Olivier Gourinchas and Jonathan A. Parker
University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 21 (868,833)
Citation 71
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Buffer stocks, life cycle, precautionary savings, simulated moments

Consumption Over the Life Cycle

Posted: 10 Nov 2003
Pierre-Olivier Gourinchas and Jonathan A. Parker
University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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15.

Estimating the Border Effect: Some New Evidence

Downloads 131 (358,565)
Citation 2

Estimating the Border Effect: Some New Evidence

Federal Reserve Bank of Boston Working Paper No. 09-10
Number of pages: 52 Posted: 19 Sep 2009
Gita Gopinath, Pierre-Olivier Gourinchas, Chang-Tai Hsieh and Nicholas Li
International Monetary Fund (IMF), University of California, Berkeley - Department of Economics, University of Chicago - Booth School of Business and University of Toronto - Department of Economics
Downloads 71 (543,611)

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Estimating the Border Effect: Some New Evidence

NBER Working Paper No. w14938
Number of pages: 51 Posted: 03 May 2009 Last Revised: 27 Oct 2022
Gita Gopinath, Pierre-Olivier Gourinchas, Chang-Tai Hsieh and Nicholas Li
International Monetary Fund (IMF), University of California, Berkeley - Department of Economics, University of Chicago - Booth School of Business and University of Toronto - Department of Economics
Downloads 56 (615,759)
Citation 1

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Estimating the Border Effect: Some New Evidence

CEPR Discussion Paper No. DP7281
Number of pages: 53 Posted: 15 Jul 2009
Gita Gopinath, Pierre-Olivier Gourinchas, Chang-Tai Hsieh and Nicholas Li
International Monetary Fund (IMF), University of California, Berkeley - Department of Economics, University of Chicago - Booth School of Business and University of Toronto - Department of Economics
Downloads 4 (1,037,021)
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barcode data, border effect, law of one price, market segmentation

16.

Lending Booms: Latin America and the World

Downloads 119 (385,142)
Citation 97

Lending Booms: Latin America and the World

NBER Working Paper No. w8249
Number of pages: 61 Posted: 19 Apr 2001 Last Revised: 16 Jan 2022
Pierre-Olivier Gourinchas, Rodrigo Valdés and Oscar Landerretche
University of California, Berkeley - Department of Economics, Central Bank of Chile and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 91 (467,608)

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Lending Booms: Latin America and the World

Number of pages: 66 Posted: 30 May 2001
Pierre-Olivier Gourinchas, Rodrigo Valdés and Oscar Landerretche
University of California, Berkeley - Department of Economics, Central Bank of Chile and Massachusetts Institute of Technology (MIT) - Department of Economics
Downloads 28 (806,074)
Citation 34
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Balance-of-payment crises, banking crisis, credit boom, lending boom, macroeconomic performance, Latin America

17.

Dominant Currency Paradigm: A New Model for Small Open Economies

IMF Working Paper No. 17/264
Number of pages: 63 Posted: 18 Jan 2018
Camila Casas, Federico J. Díez, Gita Gopinath and Pierre-Olivier Gourinchas
Central Bank of Colombia, Federal Reserve Bank of Boston, International Monetary Fund (IMF) and University of California, Berkeley - Department of Economics
Downloads 112 (402,437)
Citation 2

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Small open economies, Currency, General

18.

When Bonds Matter: Home Bias in Goods and Assets

Downloads 111 (405,080)
Citation 24

When Bonds Matter: Home Bias in Goods and Assets

Number of pages: 60 Posted: 26 Oct 2011 Last Revised: 02 Nov 2011
Nicolas Coeurdacier and Pierre-Olivier Gourinchas
London Business School and University of California, Berkeley - Department of Economics
Downloads 70 (547,931)

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International risk sharing, International portfolios, Equity home bias

When Bonds Matter: Home Bias in Goods and Assets

NBER Working Paper No. w17560
Number of pages: 63 Posted: 04 Nov 2011 Last Revised: 26 Jun 2022
Nicolas Coeurdacier and Pierre-Olivier Gourinchas
London Business School and University of California, Berkeley - Department of Economics
Downloads 38 (727,928)
Citation 2

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When Bonds Matter: Home Bias in Goods and Assets

CEPR Discussion Paper No. DP8649
Number of pages: 63 Posted: 24 Nov 2011
Nicolas Coeurdacier and Pierre-Olivier Gourinchas
London Business School and University of California, Berkeley - Department of Economics
Downloads 3 (1,045,287)
Citation 3
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Equity home bias, International portfolios, International risk sharing

19.

Covid-19 and Smes: A 2021 "Time Bomb"?

Downloads 109 (410,415)
Citation 3

Covid-19 and Smes: A 2021 "Time Bomb"?

NBER Working Paper No. w28418
Number of pages: 10 Posted: 01 Feb 2021 Last Revised: 24 Feb 2023
Pierre-Olivier Gourinchas, Ṣebnem Kalemli-Özcan, Veronika Penciakova, Veronika Penciakova and Nicholas Sander
University of California, Berkeley - Department of Economics, University of Maryland, Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Atlanta and Government of Canada - Bank of Canada
Downloads 69 (552,286)
Citation 5

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Covid-19 and Smes: A 2021 &Quot;Time Bomb&Quot;?

FRB Atlanta Working Paper No. 2021-6
Number of pages: 8 Posted: 14 May 2021
Pierre-Olivier Gourinchas, Sebnem Kalemli-Ozcan, Veronika Penciakova, Veronika Penciakova and Nick Sander
University of California, Berkeley - Department of Economics, University of Maryland, Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Atlanta and University of California, Berkeley
Downloads 40 (713,658)

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20.

Stories of the Twentieth Century for the Twenty-First

Downloads 94 (454,156)
Citation 281

Stories of the Twentieth Century for the Twenty-First

NBER Working Paper No. w17252
Number of pages: 70 Posted: 29 Jul 2011 Last Revised: 20 Feb 2023
Pierre-Olivier Gourinchas and Maurice Obstfeld
University of California, Berkeley - Department of Economics and University of California, Berkeley
Downloads 88 (477,725)
Citation 13

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Stories of the Twentieth Century for the Twenty-First

CEPR Discussion Paper No. DP8518
Number of pages: 72 Posted: 12 Aug 2011
Pierre-Olivier Gourinchas and Maurice Obstfeld
University of California, Berkeley - Department of Economics and University of California, Berkeley
Downloads 6 (1,019,486)
Citation 50
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banking crisis, Credit boom, currency crisis, emerging markets, leverage, sovereign default

21.

Dollar Pricing Redux

BIS Working Paper No. 653
Number of pages: 55 Posted: 12 Aug 2017
Camila Casas, Federico J. Díez, Gita Gopinath and Pierre-Olivier Gourinchas
Central Bank of Colombia, Federal Reserve Bank of Boston, International Monetary Fund (IMF) and University of California, Berkeley - Department of Economics
Downloads 79 (505,046)
Citation 1

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dominant currency, terms of trade, pass-through, monetary policy

22.

Dominant Currency Paradigm

NBER Working Paper No. w22943
Number of pages: 86 Posted: 19 Dec 2016 Last Revised: 11 Mar 2023
Camila Casas, Federico J. Díez, Gita Gopinath, Pierre-Olivier Gourinchas and Mikkel Plagborg-Møller
Central Bank of Colombia, Federal Reserve Bank of Boston, International Monetary Fund (IMF), University of California, Berkeley - Department of Economics and Harvard University - Department of Economics
Downloads 79 (505,046)
Citation 65

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23.

Exchange Rate Dynamics, Learning and Misperception

Downloads 79 (505,046)
Citation 7

Exchange Rate Dynamics, Learning and Misperception

NBER Working Paper No. w9391
Number of pages: 57 Posted: 14 Dec 2002 Last Revised: 31 Aug 2022
Pierre-Olivier Gourinchas and Aaron Tornell
University of California, Berkeley - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 55 (621,139)

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Exchange Rate Dynamics, Learning and Misperception

Number of pages: 59 Posted: 14 Feb 2003
Pierre-Olivier Gourinchas and Aaron Tornell
University of California, Berkeley - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 24 (840,987)
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Forward premium puzzle, delayed overshooting, predictable returns, monetary policy

24.

The Empirical Importance of Precautionary Saving

Downloads 69 (544,793)
Citation 22

The Empirical Importance of Precautionary Saving

NBER Working Paper No. w8107
Number of pages: 15 Posted: 03 Feb 2001 Last Revised: 28 Aug 2022
Pierre-Olivier Gourinchas and Jonathan A. Parker
University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 53 (632,327)

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The Empirical Importance of Precautionary Saving

Number of pages: 19 Posted: 13 Apr 2001
Pierre-Olivier Gourinchas and Jonathan A. Parker
University of California, Berkeley - Department of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 16 (918,260)
Citation 3
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Consumption, fluctuations, incomplete markets, insurance, precautionary saving, saving, wealth accumulation

25.

Social Security and Inequality Over the Life Cycle

NBER Working Paper No. w7570
Number of pages: 44 Posted: 18 Apr 2000 Last Revised: 10 Mar 2022
Angus Deaton, Pierre-Olivier Gourinchas and Christina H. Paxson
Princeton University, University of California, Berkeley - Department of Economics and Princeton University
Downloads 68 (549,154)

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26.

Fiscal Policy in the Age of Covid: Does it ‘Get in All of the Cracks?’

NBER Working Paper No. w29293
Number of pages: 80 Posted: 28 Sep 2021 Last Revised: 15 Jan 2023
Pierre-Olivier Gourinchas, Ṣebnem Kalemli-Özcan, Veronika Penciakova, Veronika Penciakova and Nick Sander
University of California, Berkeley - Department of Economics, University of Maryland, Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Atlanta and University of California, Berkeley
Downloads 59 (589,810)

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27.

External Adjustment, Global Imbalances and Valuation Effects

Downloads 56 (604,796)
Citation 27

External Adjustment, Global Imbalances and Valuation Effects

NBER Working Paper No. w19240
Number of pages: 71 Posted: 19 Jul 2013 Last Revised: 27 Jan 2023
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
Downloads 56 (615,759)
Citation 27

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External Adjustment, Global Imbalances and Valuation Effects

CEPR Discussion Paper No. DP9566
Posted: 24 Jul 2013
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School

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Capital Flows, International Finance, International Monetary System

28.

Rents, Technical Change, and Risk Premia: Accounting for Secular Trends in Interest Rates, Returns on Capital, Earning Yields, and Factor Shares

NBER Working Paper No. w23127
Number of pages: 13 Posted: 07 Feb 2017 Last Revised: 12 Mar 2023
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 52 (625,601)
Citation 38

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29.

Exchange Rate Dynamics and Learning

NBER Working Paper No. w5530
Number of pages: 67 Posted: 21 May 1998 Last Revised: 13 Aug 2022
Pierre-Olivier Gourinchas and Aaron Tornell
University of California, Berkeley - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 52 (625,601)

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30.

The Analytics of the Greek Crisis

Downloads 49 (642,094)
Citation 28

The Analytics of the Greek Crisis

NBER Working Paper No. w22370
Number of pages: 72 Posted: 27 Jun 2016 Last Revised: 15 Feb 2023
Pierre-Olivier Gourinchas, Thomas Philippon and Dimitri Vayanos
University of California, Berkeley - Department of Economics, New York University (NYU) - Department of Finance and London School of Economics
Downloads 48 (661,719)
Citation 20

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The Analytics of the Greek Crisis

CEPR Discussion Paper No. DP11334
Number of pages: 74 Posted: 20 Jun 2016
Pierre-Olivier Gourinchas, Thomas Philippon and Dimitri Vayanos
University of California, Berkeley - Department of Economics, New York University (NYU) - Department of Finance and London School of Economics
Downloads 1 (1,062,877)
Citation 14
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bank-sovereign loop, DSGE model, fiscal contraction, Greek crisis, price rigidities, sovereign default, sudden stop

31.

The Financial Crisis and the Geography of Wealth Transfers

Downloads 45 (665,091)
Citation 50

The Financial Crisis and the Geography of Wealth Transfers

NBER Working Paper No. w17353
Number of pages: 60 Posted: 29 Aug 2011 Last Revised: 02 Jun 2023
Pierre-Olivier Gourinchas, Hélène Rey and Kai Truempler
University of California, Berkeley - Department of Economics, London Business School and affiliation not provided to SSRN
Downloads 43 (693,202)

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The Financial Crisis and the Geography of Wealth Transfers

CEPR Discussion Paper No. DP8567
Number of pages: 58 Posted: 16 Sep 2011
Pierre-Olivier Gourinchas, Hélène Rey and Kai Truempler
University of California, Berkeley - Department of Economics, London Business School and affiliation not provided to SSRN
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Citation 11
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global financial crisis, international monetary system, reserve currency, valuation effects

32.

Safe Asset Scarcity and Aggregate Demand

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Citation 52

Safe Asset Scarcity and Aggregate Demand

NBER Working Paper No. w22044
Number of pages: 12 Posted: 01 Mar 2016 Last Revised: 27 Mar 2022
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
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Citation 27

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Safe Asset Scarcity and Aggregate Demand

CEPR Discussion Paper No. DP11170
Number of pages: 13 Posted: 18 Apr 2016
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas
Massachusetts Institute of Technology (MIT) - Department of Economics, Harvard University - Department of Economics and University of California, Berkeley - Department of Economics
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Citation 8
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33.

Real Interest Rates, Imbalances and the Curse of Regional Safe Asset Providers at the Zero Lower Bound

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Citation 9

Real Interest Rates, Imbalances and the Curse of Regional Safe Asset Providers at the Zero Lower Bound

NBER Working Paper No. w22618
Number of pages: 50 Posted: 12 Sep 2016 Last Revised: 21 Apr 2023
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
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Citation 4

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Real Interest Rates, Imbalances and the Curse of Regional Safe Asset Providers at the Zero Lower Bound

CEPR Discussion Paper No. DP11503
Number of pages: 52 Posted: 20 Sep 2016
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
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real interest rates, secular stagnation, Triffin dilemma

34.

Exchange Rates and Jobs: What Do We Learn from Job Flows?

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Exchange Rates and Jobs: What Do We Learn from Job Flows?

NBER Working Paper No. w6864
Number of pages: 75 Posted: 27 Aug 2000 Last Revised: 05 Oct 2022
Pierre-Olivier Gourinchas
University of California, Berkeley - Department of Economics
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Citation 2

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Exchange Rates and Jobs: What Do We Learn from Job Flows?

Posted: 07 Apr 1999
Pierre-Olivier Gourinchas
University of California, Berkeley - Department of Economics

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35.

The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis

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Citation 5

The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis

International Finance Discussion Paper No. 1351
Number of pages: 83 Posted: 25 Aug 2022
Pierre-Olivier Gourinchas, Philippe Martin and Todd Messer
University of California, Berkeley - Department of Economics, Institut d'Etudes Politiques de Paris (Sciences Po) and Federal Reserve Board
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Euro area, Monetary union, Sovereign debt, Sovereign default, Debt monetization

The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis

NBER Working Paper No. w27403
Number of pages: 103 Posted: 22 Jun 2020 Last Revised: 18 May 2023
Pierre-Olivier Gourinchas, Philippe Martin and Todd Messer
University of California, Berkeley - Department of Economics, Institut d'Etudes Politiques de Paris (Sciences Po) and Federal Reserve Board
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The Economics of Sovereign Debt, Bailouts and the Eurozone Crisis

CEPR Discussion Paper No. DP14891
Number of pages: 105 Posted: 16 Jun 2020
Pierre-Olivier Gourinchas, Philippe Martin and Todd Messer
University of California, Berkeley - Department of Economics, Institut d'Etudes Politiques de Paris (Sciences Po) and Federal Reserve Board
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Citation 7
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36.

The International Monetary and Financial System

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Citation 37

The International Monetary and Financial System

NBER Working Paper No. w25782
Number of pages: 47 Posted: 30 Apr 2019 Last Revised: 12 Jun 2023
Pierre-Olivier Gourinchas, Hélène Rey and Maxime Sauzet
University of California, Berkeley - Department of Economics, London Business School and Boston University
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The International Monetary and Financial System

CEPR Discussion Paper No. DP13714
Number of pages: 49 Posted: 07 May 2019
Pierre-Olivier Gourinchas, Hélène Rey and Maxime Sauzet
University of California, Berkeley - Department of Economics, London Business School and Boston University
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Citation 11
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Exchange Rates, External assets and liabilities, Global financial cycle, International adjustment, International Currencies, Triffin dilemma

The International Monetary and Financial System

Annual Review of Economics, Vol. 11, pp. 859-893, 2019
Posted: 04 Sep 2019
Pierre-Olivier Gourinchas, Hélène Rey and Maxime Sauzet
University of California, Berkeley - Department of Economics, London Business School and Boston University

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37.

An Equilibrium Model of 'Global Imbalances' and Low Interest Rates

CEPR Discussion Paper No. 5573
Number of pages: 57 Posted: 27 Jun 2006
Pierre-Olivier Gourinchas, Ricardo J. Caballero and Emmanuel Farhi
University of California, Berkeley - Department of Economics, Massachusetts Institute of Technology (MIT) - Department of Economics and Harvard University - Department of Economics
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Citation 80
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Current account deficits, capital flows, interest rates, global portfolios and equilibrium, growth and financial development asymmetries, exchange rates, FDI, intermediation rents

38.

A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers

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A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers

NBER Working Paper No. w29875
Number of pages: 76 Posted: 28 Mar 2022 Last Revised: 14 Apr 2023
Pierre-Olivier Gourinchas, Walker Ray and Dimitri Vayanos
University of California, Berkeley - Department of Economics, London School of Economics & Political Science (LSE) - London School of Economics and London School of Economics
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A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers

CEPR Discussion Paper No. DP17119
Number of pages: 78 Posted: 29 Mar 2022
Pierre-Olivier Gourinchas, Walker Ray and Dimitri Vayanos
University of California, Berkeley - Department of Economics, London School of Economics & Political Science (LSE) - London School of Economics and London School of Economics
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Citation 2
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Exchange Rates, interest rates, Limits of arbitrage, monetary policy

39.

Exorbitant Privilege and Exorbitant Duty

CEPR Discussion Paper No. DP16944
Number of pages: 80 Posted: 04 Feb 2022
Pierre-Olivier Gourinchas and Hélène Rey
University of California, Berkeley - Department of Economics and London Business School
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40.

Fiscal Policy in the Age of COVID: Does it 'Get in All of the Cracks?'

CEPR Discussion Paper No. DP16576
Number of pages: 82 Posted: 15 Nov 2021
Pierre-Olivier Gourinchas, Ṣebnem Kalemli-Özcan, Veronika Penciakova, Veronika Penciakova and Nicholas Sander
University of California, Berkeley - Department of Economics, University of Maryland, Federal Reserve Banks - Federal Reserve Bank of AtlantaFederal Reserve Bank of Atlanta and Government of Canada - Bank of Canada
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Citation 3
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