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NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Willem H. Buiter

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Books

International Economic Policy Coordination
with Richard C. Marston
Published in 1985 by Cambridge University Press

Working Papers and Chapters

April 2010Fiscal Rules in India: Are They Effective?
with Urjit R. Patel: w15934

Published: "Fiscal Rules in India: Are th ey Effective?", with Urjit R. Patel, Chapter 21 in Chetan Ghate ed. The Oxford Handbook of the Indian Economy , pp 621-655, Oxford University Press, Oxford, New York, 2012.

June 2009Negative Nominal Interest Rates: Three ways to overcome the zero lower bound
w15118

Published: Buiter, Willem H., 2009. "Negative nominal interest rates: Three ways to overcome the zero lower bound," The North American Journal of Economics and Finance, Elsevier, vol. 20(3), pages 213-238, December. citation courtesy of

July 2008Housing Wealth Isn't Wealth
w14204

Published: Buiter, Willem H., 2010. "Housing wealth isn't wealth," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 4(22), pages 1-29. citation courtesy of

February 2007Seigniorage
w12919

Published: Buiter, Willem H., 2007. "Seigniorage," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 1(10). citation courtesy of

January 2007Is Numerairology the Future of Monetary Economics? Unbundling numeraire and medium of exchange through a virtual currency and a shadow exchange rate
w12839
October 2004The Elusive Welfare Economics of Price Stability as a Monetary Policy Objective: Should New Keynesian Central Bankers Pursue Price Stability?
w10848
July 2004Deflationary Bubbles
with Anne C. Sibert: w10642

Published: Buiter, Willem H. & Sibert, Anne C., 2007. "Deflationary Bubbles," Macroeconomic Dynamics, Cambridge University Press, vol. 11(04), pages 431-454, September. citation courtesy of

May 2004A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: 2 Ghosts, 2 Eccentricities, A Fallacy, A Mirage and A Mythos
w10524

Published: Buiter, Willem H. "New Developments In Monetary Economics: Two Ghosts, Two Eccentricities, A Fallacy, A Mirage And A Mythos," Economic Journal, 2005, v115(502,Mar), 1-31.

December 2003Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap
w10163
November 2003Cross-Border Tax Externalities: Are Budget Deficits Too Small?
with Anne C. Sibert: w10110
June 2003James Tobin: An Appreciation of his Contribution to Economics
w9753

Published: Buiter, Willem H. "James Tobin: An Appreciation Of His Contribution To Economics," Economic Journal, 2003, v113(491,Nov), F585-F631. citation courtesy of

April 2003Deflation: Prevention and Cure
w9623
August 1999The Fallacy of the Fiscal Theory of the Price Level
w7302

Published: Buiter, W. H. "The Fiscal Theory Of The Price Level: A Critique," Economic Journal, 2002, v112(481,Jul), 459-480.

July 1999Liquidity Traps: How to Avoid Them and How to Escape Them
with Nikolaos Panigirtzoglou: w7245

Published: Reflections on Economics and Econometrics, Essays in Honour of Martin Fase, edited by Wim F.V. Vanthoor and Joke Mooij, 2001, pp. 13-58, De Nederlandsche Bank NV, Amsterdam.

April 1998Notes on "A Code for Fiscal Stability"
w6522

Published: Buiter, Willem H. "Notes On 'A Code For Fiscal Stability'," Oxford Economic Papers, 2001, v53(1,Jan), 1-19. citation courtesy of

February 1998The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs, and Fiscal Theories of the Price Level
w6396
November 1997Transition Issues for the European Monetary Union
with Anne C. Sibert: w6292

Published: DeEmu in Breed Perspectiet; Preadviezen 1997, Koninklijke Vereniging voo rde Stathuishoudkunde, pp. 1-17; Lemma BV, Utrecht, 1997.

January 1997A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies
with Ricardo Lago, Helene Rey: w5882

Published: The Economics of Transition, Vol.5, no.1 (1997), pp.63-96. citation courtesy of

June 1995A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
with Giancarlo Corsetti, Paolo A. Pesenti: w5140

Published: Financial Markets and European Monetary Cooperation: The Lessons of the 92-93 ERM Crisis, Cambridge University Press, 1998.

May 1995Capital Mobility, Fiscal Policy and Growth under Self-Financing of Human Capital Formation
with Kenneth M. Kletzer: w5120

Published: Willem H. Buiter & Kenneth M. Kletzer, 1995. "Capital Mobility, Fiscal Policy, and Growth under Self-Financing of Human Capital Formation," Canadian Journal of Economics, Canadian Economics Association, vol. 28(s1), pages 163-94, November. citation courtesy of

April 1995Generational Accounts, Aggregate Saving and Intergenerational Distribution
w5087

Published: Economica, Vol.64 (1997), pp. 605-626. citation courtesy of

May 1993Public Debt in the USA: How Much, How Bad and Who Pays?
w4362
November 1992Permanent International Productivity Growth Differentials in an Integrated Global Economy
with Kenneth M. Kletzer: w4220

Published: Scandinavian Journal of Economics, vol 95, no. 4, 1993, pp. 467-493 citation courtesy of

May 1992Government Solvency, Ponzi Finance and the Redundancy and Usefulness of Public Debt
with Kenneth M. Kletzer: w4076

Published: "Uses and Limitations of Public Debt: Pouz: Finance, Dynamic Efficiency and Government Solvency", in H.VanEes and S.Brakman eds. Market Behaviour and Macreconomic Modelling, McGraw-Hill, 1997, pp. 275-307.

February 1991Persistent Differences in National Productivity Growth Rates with A Com-mon Technology and Free Capital Mobility: The Roles of Private Thrift, ...
with Kenneth M. Kletzer: w3637

Published: Journal of Japanese and International Economics, Vol. 5, pp. 325-353 1991

January 1991Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
with Marcus Miller
in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, Georges de Ménil and Robert J. Gordon, editors
October 1990Rational Speculative Bubbles in an Exchange Rate Target Zone
with Paolo A. Pesenti: w3467
April 1990Fiscal Policy Interdependence and Efficiency
with Kenneth M. Kletzer: w3328

Published: Buiter, Willem H. and Kenneth M. Kletzer. "Fiscal Policy Coordination As Fiscal Federalism: Economic Integration, Public Goods And Efficiency In Growing Economies," European Economic Review, 1992, v36(2/3), 647-653.

The Welfare Economics of Cooperative and Noncooperative Fiscal Policy
with Kenneth M. Kletzer: w3329

Published: Journal of Economic Dynamics and Control, Vol. 15, pp. 215-244, (1991). citation courtesy of

March 1990Debt, Deficits and Inflation: An Application to the Public Finances of India
with Urjit R. Patel: w3287

Published: Journal of Public Economics, Vol. 47, pp. 171-205, (1992). citation courtesy of

November 1989The "Gold Standard Paradox" and its Resolution
with Vittorio U. Grilli: w3178

Paul Krugman and Marcus Miller, editors, "Anomalous Speculative Attacks on Fixed Exchange Rate Regimes," Exchange Rates and Currency Bands. Cambridge University Press, forthcoming 1991.

August 1988Debt Neutrality, Professor Vickrey and Henry George's "Single Tax"
w2673

Published: Buiter, Willem H. "Debt Neutrality, Professor Vickrey and Henry George's`Single Tax'." From Economics Letters, Vol. 29, pp. 43-47, (1989). citation courtesy of

May 1988Some Thoughts on the Role of Fiscal Policy in Stabilisation and Structural Adjustment in Developing Countries
w2603

Published: Buiter, Willem H. "Some Thoughts on the Role of Fiscal Policy in Stabilization and Structural Adjustment," from Principles of Budgetary and Financial Policy, ed. by Willem H. Buiter, Brighton, Sussex U.K.: Wheatsheaf Books Ltd., 1989.

Centre For Labour Economics
w2578

Published:

  • "Debt Neutrality, Redistribution and Consumer Heterogeneity: A Survey and Some Extensions." From Principles of Budgetary and Financial Policy,edited by Willem H. Buiter, pp. 183-222. Hertfordshire, England: Harvester Wheatsheaf, 1990.
  • "The Welfare Economics of Cooperative and Non-cooperative Fiscal Policy," Journal of Economic Dynamics and Control, 1991.

February 1988Can Public Spending Cuts be Inflationary?
w2528

Published: "Can Public Spending Cuts be Inflationary?" from Principles of Budgeting and Financial Policy, ed. by Willem H. Buiter, Brighton, Sussex U.K.: Wheatsheaf Books, Ltd., 1989.

1988Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies
in International Aspects of Fiscal Policies, Jacob A. Frenkel, ed.
August 1987The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach
w2333

Published: Buiter, "The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach," in Macro and Micro Policies for More Growth and Employment," ed. by H. Muller-Groeling, Kiel, West Germany: Kiel Institute of World Economics, 1988.

May 1987Efficient "Myopic" Asset Pricing in General Equilibrium: A Potential Pitfall in Excess Volatility Tests
w2251

Published: Economics Letters, Vol. 25, No. 2, 1987, pp. 143-148. citation courtesy of

October 1986Granger-Causality and Policy Ineffectiveness: A Rejoinder
t0061
Fiscal Prerequisites for a Viable Managed Exchange Rate Regime: A Non-technical Eclectic Introduction
w2041

Published: Buiter, Willem H. "Fiscal Prerequisites for a Viable Managed Exchange Rate Regime: A Non-Technical Eclectic Introduction. WisselKoersen In Een Veranderende Wereld (Exchange Rates in a Changing World), pp. 99-117. Leiden/Antwerpen: H.E. Stenfert Kroese B.V., 1986.

September 1986Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy
w2023

Published: Oxford Economic Papers, Vol. 40, No. 2, pp. 220-245, (June 1988). citation courtesy of

Death, Population Growth, Productivity Growth and Debt Neutrality
w2027

Published: "Death, Birth, Productivity Growth and Debt Neutrality," From The Economic Journal, Vol. 98, No. 391, pp. 279-293, (June 1988).

April 1986A "Gold Standard" Isn't Viable Unless Supported by Sufficiently FlexibleMonetary and Fiscal Policy
w1903

Published: Buiter, Willem. "A Viable Gold Standard Requires Flexible Monetary And Fiscal Policy," from Review of Economic Studies, Vol. 56, pp. 101-117, (1989).

February 1986Macroeconomic Responses by Developing Countries to Changes in External Economic Conditions
w1836
Borrowing to Defend the Exchange Rate and the Timing and Magnitude of Speculative Attacks
w1844

Published: Buiter, Willem H. "Borrowing to Defend the Exchange Rate and the Timing and Magnitude of Speculative Attacks," Journal of International Economics, Vol . 23, No. 1/2, August 1987. citation courtesy of

November 1985A Fiscal Theory of Hyperdeflations? Some Surprising Monetarist Arithmetic
t0052

Published: Buiter, Willem H. "A Fiscal Theory of Hyperdeflations? Some Surprising Monetarist Arithmetic," Oxford Economic Papers, Vol. 3G, No. 3. (1987)

October 1985Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies
w1746

Published:

March 1985International Monetary Policy to Promote Economic Recovery
w1584

Published: Buiter, Willem H. "International Monetary Policy to Promote Economic Recovery," Monetary Conditions for Economic Recovery, ed. C. Van Ewijk and J.J. Klant, Financial and Monetary Policy Studies, Vol. II, 1985, Dordrecht/Boston/London: Martinus Nijhoff Publishers, pp. 129-160.

August 1984Fiscal policy in open, interdependent economies
w1429

Published: Buiter, Willem H."Fiscal Policy in Open, Interdependent Economies," Economic Policy in Theory and Practice, eds. A. Razin and E. Sadler, 1987. New York: St. Martins Press, pp. 101-144.

June 1984Saddlepoint Problems in Contifuous Time Rational Expectations Models: A General Method and Some Macroeconomic Ehamples
t0020

Published: Buiter, Willem H. "Saddlepoint Problems in Continuous Time Rational Expectations Modelq: A General Method and Rome Macroeconomic Examples." Econometriaa, Vod. 52, No. 3, (may 1984), pp. 665-680.

April 1984Policy evaluation and design for continuous time linear rational expectations models: some recent development
t0034

Published: Buiter, Willem (ed.) Macroeconomic theory and stabilization policy. Ann Arbor: University of Michigan Press, 1989.

Measuring Aspects of Fiscal and Financial Policy
w1332
January 1984The Proper Measurement of Government Budget Deficits: Comprehensive Wealth Accounting or Permanent Income Accounting for the Public Sector
w1013

Published: Buiter, Willem H. "Measurement of the Public Sector Deficict and Its Implications for Policy Evaluation and Design." International Monetary Fund Staff Papers, Vol. 30, No. 2, (June 1983), pp. 306-349.

December 1983Costs and Benefits of an Anti-Inflationary Policy: Questions and Issues
with Marcus H. Miller: w1252

Published: Buiter, Willem H. and Marcus H. Miller. "Costs and Benefits of an Anti-Inflationary Policy: Questions and Issues." Inflation and Unemployment: Theory, Experience and Policy Making, edited by Victor Argy and John Nevile, pp . 11-38. London: George Allen & Unwin, Ltd., 1985.

November 1983The Theory of Optimum Deficits and Debt
w1232

Published: Buiter, Willem H. "The Theory of Optimum Deficits and Debt." The Economics of Large Government Deficits. Federal Reserve Bank of Boston Conference Series Number 27. (October 1983)

August 1983Optimal and Time-Consistent Polices in Continuous Time Rational Expectations Models
t0029
May 1983International Balance of Payments Financing and Adjustment
with Jonathan Eaton: w1120

Published: Buiter, Willem H. and Jonathan Eaton. "International Balance of Payments Financing and Adjustment." International Money, Credit: The Policy Roles, edited by George M. Von Furstenberg, pp. 129-148. Washington: International Monetary Fund, (1983).

February 1983Deficits, Crowding Out and Inflation: The Simple Analytics
w1078
1983Predetermined and Non-Predetermined Variables in Rational Expectations Models
t0021

Published: Buiter, Willem H. "Predetermined and Non-Predetermined Variables in Rational Expectations Models." Economics Letters, Vol. !0 (1982), pp. 49-44.

Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation: Some Further Results
with Marcus Miller
in Exchange Rates and International Macroeconomics, Jacob A. Frenkel, ed.
November 1982On the Adequacy or Inadequacy of Keynesian Balance-of-Payments Theory: A Rejoinder
with Jonathan Eaton: w1032
October 1982Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
with Marcus H. Miller: w0749

Published:

June 1982Monetary and Fiscal Policy with Flexible Exchange Rates
with William H. Branson: w0901

Published: Branson, William H. and Willem H. Buiter. "Monetary and Fiscal Policy with Flexible Exchange Rates." Economic Interdependence and Flexible Exchange Rates, ed. J.S. Bhandari and B.H. Putnam, pp. 251-285. Cambridge: Massachusetts Institute of Technology Press, 1983.

March 1982Comment on T. J. Sargent and N. Wallace: "Some Unpleasant Monetarist Arithmetic"
w0867

Published: Buiter, Willem H. "Comment on T.J. Sargent and N. Wallace: 'Some Unpleasant Monetarist Arithmetic'," Monetarism in the United Kingdom, ed. B. Griffiths and G.E. Wood, 1984, London: Macmillan.

December 1981Keynesian Balance of Payments Models: Comment
with Jonathan Eaton: r0225

Published: Buiter, Willem H. and Eaton, Jonathan. "Keynesian Balance of Payments Models: Comment." The American Economic Review, Vol. 71, No. 4, (September 1981) , pp. 784-795.

The Superiority of Contingent Rules over Fixed Rules in Models with Rational Expectations
t0009

Published: Buiter, Willem H. "The Superiority of Contingent Rules over Fixed Rulds in Models with Rational Expectations." The Economic Journal, Vol. 91, (September 1981), pp. 647-670.

September 1981Monetary, Financial, and Fiscal Policies Under Rational Expectations
r0206

Published: Buiter, W. H. " `Crowding' Out of Private Capital Formation by Government Borrowing in the Presence of Intergenerational Gifts and Bequests". Greek Economic Review, Vol. 2, No. 2, pp. 111-142, (August 1980). (NOTE: thisreprint is also based on W0412.)

July 1981Issues in Controllability and the Theory of Economic Policy
with Mark Gersovitz: t0002

Published: Buiter, Willem H. and Gersovitz, Mark. "Issues in Controllability and the Theory of Economic Policy." Journal of Public Economics, Vol. 15, No. 1, (February 1981), pp. 33-43.

June 1981A Note on the Solution of A Two-Point Boundary Value Problem Frequently Encountered in Rational Expectations Models
t0012
Macroeconometric Modelling for Policy Evaluation and Design
t0013

Published: Buiter, Willem H. "Macroeconometric Modelling for Policy Evaluation and Design." The Usefulness of Macroeconomic Models, Bank of England, (March 1981) , pp. 15-38.

March 1981Granger-Causality and Stabilization Policy
t0010

Published: Buiter, Willem H. "Granger-Causality and Stabilization Policy." Economica, Vol. 51, pp. 151-162, May 1984.

December 1980Monetary Policy and International Competitiveness
with Marcus H. Miller: w0591

Published: Buiter, Willem H. and Miller, Marcus H. "Monetary Policy and Internationalmpetitiveness: The Problems of Adjustment." Oxford Economic Papers, Vol. 33 , (July 1981, Supplement), pp. 143-175.

Oil, Disinflation, and Export Competitiveness: A Model of the "Dutch Disease"
with Douglas D. Purvis: w0592

Published: Buiter, Willem H. and Purvis, Douglas. "Oil, Disinflation and Export Competitiveness: A Model of the "Dutch Disease."" Economic Interdependence and Flexible Exchange Rates, ed. J.S. Bhandari and B.H. Putnam, pp. 221-248. Cambridge: Massachusetts Institute of Technology Press, 1983.

Real Effects of Anticipated and Unanticipated Money: Some Problems of Estimation and Hypothesis Testing
w0601

Published: Buiter, Willem H. "Real Effects of Anticipated and Unanticipated Money. Some Problems of Estimation and Hypothesis Testing." Journal of Monetary Economics, Vol. 11 (1983), pp. 207-224. citation courtesy of

November 1980The Role of Economic Policy After the New Classical Macroeconomics
t0006
The Role of Economic Policy after the New Classical Macroeconomics
w0580

Published:

  • Buiter, Willem H. "The Macroeconomics Of Dr Pangloss: Critical Survey Of The New Classical Macroeconomics," Economic Journal, 1980, v90(357), 34-50.
  • Buiter, Willem H. "The Role of Economic Policy after the New Classical Macroeconomics." Macroeconomic Analysis, edited by D. Currie, R. Nobay, and D.A . Peel, London, (1981), pp. 233-295.

September 1980Staggered Wage Setting without Money Illusion: Variations on a Theme of Taylor
with Ian Jewitt: w0545

Published: Buiter, Willem H. and Jewitt, Ian. "Staggered Wage Setting with Real Wage Relativities: Variations on a Theme of Taylor." The Manchester School, Vol. XLIX, No. 3, (September 1981), pp. 211-228.

August 1980Policy Decentralization and Exchange Rate Management in Interdependent Economies
with Jonathan Eaton: w0531

Published: Buiter, Willem H. and Jonathan Eaton. "Policy Decentralization and Exchange Rate Management in Interdependent Economies." Exchange Rate Management under Uncertainty, edited by J.S. Bhandari, (1985), pp. 31-54, MIT Press, Cambridge, MA.

July 1980Implications for the Adjustment Process of International Asset Risks: Exchange Controls, Intervention and Policy Risk, and Sovereign Risk
w0516

Published:

  • Buiter, W.H. "Implications for the Adjustment Process of International Asset Risk: Exchange Controls, Intervention and Policy Risk, and Sovereign Risk ." Internationalization of Financial Markets & National Economic Policy, ed . by R.G. Hawkinsm R.M. Levich & C.G. Wihlberg, JAI Press, 1983, pp. 69-102
  • Journal of Financial Economics, Vol. 13, no. 2 (1984): 187

April 1980Unemployment-Inflation Trade-Offs with Rational Expectations in an Open Economy
r0038

Published: Buiter, Willem H. "Unemployment-Inflation Trade-Offs with Rational Expectations in an Open Economy." Journal of Economic Dynamics and Control 1, Vol. 1, No. 2, (May 1979), pp. 117-141.

1980Short-run and Long-run Effects of External Disturbances Under a FloatingExchange Rate
r0023

Published: Buiter, Willem. "Short-run and Long-run Effects of External Disturbances Under a Floating Exchange Rate." Economica, Vol. 45, (August 1978).

November 1979The Roles of Monetary, Financial and Fiscal Policy with Rational Expectations
w0412

Published:

  • "Crowding Out of Private Capital Formation by Government Borrowing in the P Resence of INtergenerational Gifts and Requests" Economic REview, vol. 2,no.2, pp. 111-142, August 1980. Also Reprinted in Macroeconomic Theory and Stabilization Policy, by Buiter, University of MI Press, pp. 255-282,Ann A
  • "Monetary, Financial, and Fiscal Policies Under Rational Expectations" International Monetary Fund Staff Papers, Vol. 27, No. 4, pp. 785-813,(December 1980). (see also, reprint 206)

May 1979Time Preference and International Lending and Borrowing in an Overlapping-Generations Model
w0352

Published: Journal of Political Economy, Vol. 89, No. 4, pp. 769-797, (August 1981). citation courtesy of

April 1979Feedback and the Use of Current Information: The Use of General Linear Policy Rules in Rational Expectations Models
w0335

Published: (Published as "Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples") Econometrica, Vol. 52, No. 3, (May 1984), pp. 665-680.

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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