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Sudden Stops, Financial Crises & Macroprudential Policy
  • Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies new
    (with Julio Carrillo, Victoria Nuguer & Jessica Roldan, Feb. 2017)
  • Macroprudential Policy: Promise and Challenges new
    (November 2016)
  • Optimal, Time-Consistent Macroprudential Policy
    (with Javier Bianchi, September 2015, forthcoming, Journal of Political Economy)
  • Phases of Global Liquidity, Fundamentals News, and the Design of Macroprudential Policy
    (with Javier Bianchi, July 2015)
  • Overborrowing, Financial Crises and 'Macro-prudential' Policy
  • (with Javier Bianchi, June 2010, Revised Sept. 2012)
  • An Anatomy of Credit Booms and their Demise
  • (with Marco Terrones, September 2012)
  • An Anatomy of Credit Booms: Evidence from Macro Aggregates and Micro Data
    (with Marco Terrones, May 2008)
  • Fiscal Policy and Sovereign Debt
  • The Public Debt Crisis of the United States new
    (March 2017)
  • Optimal Domestic (and External) Sovereign Default
    (with Pablo D'Erasmo, August 2016)
  • Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies
    (with Linda L. Tesar and Jing Zhang, June 2014)
  • The U.S. Fiscal Crisis: The Debt Sustainability Delusion and the True Costs of Fiscal Austerity 
  • (August 2013, available also in CESifo Forum)
  • Fiscal Policy & Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer
    (with P. Marcelo Oviedo, October 2006)