← All authors Michael Kumhof Center for Economic and Policy Research (per OpenAlex) · OpenAlex
32 papers in scope · 31 published · 1 on the econ.EM arXiv · 1,825 citations · h-index 16 (over the papers listed here)
Papers (1 of 32)
Banks, money, and the zero lower bound on deposit rates
published 2021 · Journal of Economic Dynamics and Control · 16 citations · first circulated 2018
with Xuan Wang
Central bank digital currencies — Design principles for financial stability
published 2021 · Economic Analysis and Policy · 129 citations
with Clare Noone
The macroeconomics of central bank digital currencies
published 2021 · Journal of Economic Dynamics and Control · 329 citations · first circulated 2016
with John Barrdear
working paper 2021 · arXiv · 10 citations
On the theory of international currency portfolios
published 2017 · European Economic Review · 2 citations
Government Debt Bias
published 2017 · IMF Economic Review · 2 citations
with Irina Yakadina
The Truth about Banks: Banks create new money when they lend, which can trigger and amplify financial cycles
published 2016 · Finance & development · 2 citations
with Zoltán Jakab
Risky bank lending and countercyclical capital buffers
published 2015 · Journal of Economic Dynamics and Control · 106 citations
with Jaromír Beneš
Inequality, Leverage, and Crises
published 2015 · American Economic Review · 652 citations · first circulated 2010
with Romain Rancière, Pablo Winant
Trade Openness and Exchange Rate Regimes
published 2014 · Journal of money credit and banking · 8 citations
with Ondra Kamenik
Simple fiscal policy rules for small open economies
published 2013 · Journal of International Economics · 50 citations
with Douglas Laxton
The Future of Oil: Geology Versus Technology
published 2012 · International Journal of Forecasting · 22 citations
with Jaromír Beneš, Marcelle Chauvet, Ondra Kamenik, Douglas Laxton, Susanna Mursula, Jack Selody
PRICING POLICIES AND INFLATION DYNAMICS
published 2011 · Macroeconomic Dynamics
with Luis Felipe Céspedes, Eric Parrado
Jointly optimal monetary and fiscal policy rules under liquidity constraints
published 2011 · Journal of Macroeconomics · 32 citations · first circulated 2009
with Huixin Bi
Un Modelo para Evaluar la Regla de Superávit Fiscal Estructural de Chile
published 2010 · Economía chilena · 1 citations
with Douglas Laxton
no link
Deficit reduction: Short-term pain for long-term gain
published 2010 · European Economic Review · 44 citations
with Kevin Clinton, Douglas Laxton, Susanna Mursula
Global effects of fiscal stimulus during the crisis
published 2010 · Journal of Monetary Economics · 114 citations
with Charles Freedman, Douglas Laxton, Dirk Muir, Susanna Mursula, Dick Muir, John B. Taylor
On the theory of sterilized foreign exchange intervention
published 2010 · Journal of Economic Dynamics and Control · 61 citations
Effects of Fiscal Stimulus in Structural Models
published 2010 · American Economic Journal Macroeconomics · 47 citations
with Günter Coenen, Christopher J. Erceg, Charles Freedman, Davide Furceri, René Lalonde, Douglas Laxton, Jesper Lindé, Annabelle Mourougane, Dirk Muir, Susanna Mursula, Carlos A. de Resende, John M. Roberts, …
To Starve or Not to Starve the Beast?
published 2010 · Journal of Macroeconomics · 3 citations
with Douglas Laxton, Daniel Leigh
La deuda apalanca la desigualdad: los períodos prolongados de desigualdad del ingreso promueven el endeudamiento con fondos de los ricos, agudizando el riesgo de crisis económicas profundas
published 2010 · Finanzas y desarrollo: publicación trimestral del Fondo Monetario Internacional y del Banco Mundial
with Romain Rancière
no link
Simple Monetary Rules under Fiscal Dominance
published 2009 · Journal of money credit and banking · 47 citations · first circulated 2007
with Ricardo Nunes, Irina Yakadina, Ricardo Cavaco Nunes
Fiscal Deficits and Current Account Deficits
published 2009 · Journal of Economic Dynamics and Control · 8 citations
with Douglas Laxton
Balance of Payments Anti-Crises
published 2009 · Journal of Macroeconomics
with Isabel K. Yan, Kit Ming Yan
Optimal price setting and inflation inertia in a rational expectations model
published 2007 · Journal of Economic Dynamics and Control · 47 citations · first circulated 2005
with Michael Juillard, Ondra Kamenik, Douglas Laxton, Michel Juillard
Inflation inertia and credible disinflation
published 2007 · Journal of International Economics · 9 citations · first circulated 2003
with Guillermo A. Calvo, Oya Celasun
Balance of payments crises under inflation targeting
published 2007 · Journal of International Economics · 32 citations
with Shujing Li, Isabel K. Yan, Kit Ming Yan
On the Benefits of Exchange Rate Flexibility under Endogenous Tradedness of Goods
published 2005 · Computing in Economics and Finance
with Kanda Naknoi, Douglas Laxton
no link
A Rational Expectations Model of Optimal Inflation Inertia
published 2005 · Computing in Economics and Finance · 1 citations
with Douglas Laxton
no link
Sterilization of short-term capital inflows—through lower interest rates?
published 2004 · Journal of International Money and Finance · 13 citations
International Capital Mobility in Emerging Markets: New Evidence from Daily Data
published 2001 · Review of International Economics · 29 citations · first circulated 2000
A quantitative exploration of the role of short-term domestic debt in balance of payments crises
published 2000 · Journal of International Economics · 9 citations
Assembled from arXiv and OpenAlex. Duplicate records for the same paper are merged, and the published version is shown where we could identify one. Corrections welcome.
Built from arXiv and OpenAlex. Supported by UKRI grant APP47921 (Martin Weidner, UCL · Francis J. DiTraglia, Oxford).