FRANCESCO GIAVAZZI
Articles Published
Culture: Persistence and Evolution (forthcoming)
Francesco Giavazzi with Ivan Petkov and Fabio Schiantarelli
Journal of Economic Growth
What do we know about the effects of austerity? (05/2018)
Francesco Giavazzi with Alberto Alesina and Carlo A. Favero
American Economic Review, Papers and Proceedings
Is it the How or the When that Matters in Fiscal Adjustments? (2018)
Francesco Giavazzi with Alberto Alesina, Gualtiero Azzalini, Carlo Favero, Armando Miano
IMF Economic Review
A new study offers more evidence that cutting spending is less harmful to growth than raising taxes (03/2018)
Francesco Giavazzi with Alberto Alesina and Carlo A. Favero
Intermational Monetary Fund
EMU: Old Flaws Revisited (2015)
Francesco Giavazzi and Charles Wyplosz
Journal of European Integration
Austerity in 2009-2013 (07/2015)
Francesco Giavazzi with Alberto Alesina, Omar Barbiero, Carlo A. Favero and Matteo Paradisi
Economic Policy
The Output Effect of Fiscal Consolidation Plans (07/2015)
Francesco Giavazzi, Alberto Alesina, Carlo A. Favero
Journal of International Economics
Attitude, Policies and Work (12/2013)
Francesco Giavazzi, Fabio Schiantarelli and Michel Serafinelli
Journal of the European Economic Association
College Cost and Time to Complete a Degree: Evidence from Tuition Discontinuities (08/2012)
Francesco Giavazzi, P. Garibaldi, A. Ichino and E. Rettore
The Review of Economics and Statistics, Vol. 94, No. 3: 699-711
Measuring Tax Multipliers: the Narrative Method in Fiscal VARs (05/2012)
Giavazzi Francesco with Carlo A. Favero
American Economic Journal: Economic Policy: Vol 4, Issue 2
Policy Uncertainty and Household Savings (05/2012)
Giavazzi Francesco with Michael McMahon
The Review of Economics and Statistics, Vol 94, No. 2: 517-531
Central Banks and the Financial System (2012)
Giavazzi Francesco with Alberto Giovannini
Edward Elgar
Comments on: Monetary Science, Fiscal Alchemy - by Eric M. Leeper (2010)
Giavazzi Francesco
Federal Reserve Bank of Kansas City
Why the current account may matter in a monetary union: Lessons from the financial crisis in the Euro area (2011)
Giavazzi Francesco with Luigi Spaventa
Cambridge University Press
Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy (2011)
Giavazzi Francesco with Carlo A. Favero and Jacopo Perego
IMF Economic Review
59: 652-682 (2011)
The ECB and the bond market (2010)
Giavazzi Francesco with Carlo A. Favero
Cambridge University Press
Review of Institutions and Economic Performance by E. Helpman (03/2010)
Giavazzi Francesco
Journal of Economic Literature, Vol. 48, No. 1
Should the Euro Area be Run as a Closed Economy? (01/2008)
Giavazzi Francesco with C.A. Favero
American Economic Review 98(2): 138-45.
Rebalancing Growth in China: a Three-Handed Approach (2006)
Francesco Giavazzi with Olivier Blanchard
China & World Economy
Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence (10/2005)
Giavazzi Francesco with T. Jappelli, M. Pagano and M. Benedetti
Monetary and Economic Studies, vol. 23, n. S1
Economic and Political Liberalizations (10/2005)
Giavazzi Francesco with G. Tabellini
Journal of Monetary Economics 52, 7, October 2005
Inflation Targeting and Debt: Lessons from Brazil (2005)
Giavazzi Francesco with C. Favero
MIT Press
Improving the SGP through a proper accounting of public investment (2004)
Giavazzi Francesco with O. Blanchard
Conseil d'Analyse Economique, Paris
Public Debt Management in Brazil (03/2004)
Giavazzi Francesco with A. Missale
MIT Press
in Giavazzi, F., I. Goldfajn and S. Herrera, Inflation Targeting, Debt and the Brazilian experience 1999 to 2003, forthcoming. NBER Working paper No. 10394.
The U.S. Current Account and the Dollar (05/2005)
Giavazzi Francesco with O. Blanchard and F. Sa
Brookings Papers on Economic Activity
2005:2. NBER Working Paper No. 11137
Macroeconomic effects of regulation and deregulation in goods and labor markets (08/2003)
Giavazzi Francesco with O. Blanchard
Quarterly Journal of Economics
How is the Debt Managed? Learning from Fiscal Stabilizations (2002)
Giavazzi Francesco with A. Missale and P.P. Benigno
Scandinavian Journal of Economics 104 (3)
Current Account Deficits in the Euro Area. The End of the Feldstein Horioka Puzzle? (2002)
Giavazzi Francesco with O. Blanchard
Brookings Papers on Economic Activity
Why are Brazils Interest Rates so High? (2005)
Giavazzi Francesco with Carlo A. Favero
MIT Press
Immediate Challenges for the European Central Bank (01/04/1998)
Francesco Giavazzi, Carlo A. Favero, Rüdiger Dornbusch
Economic Policy
Tassi di interesse reali e debito pubblico negli anni ottanta: interpretazioni, prospettive, implicazioni per la politica di bilancio (1992)
Francesco Giavazzi and Giampaolo Galli
Il Mulino
Confidence Crisis and Public Debt Management (1990)
Francesco Giavazzi and Marco Pagano
Cambridge University Press
Can severe fiscal contractions be expansionary? Tales of two small European countries (1990)
Giavazzi Francesco and Marco Pagano
NBER - Working Papers
Italy: the real effects of inflation and disinflation (1989)
Francesco Giavazzi and Luigi Spaventa
Economic Policy
Francesco Giavazzi with Ivan Petkov and Fabio Schiantarelli
Journal of Economic Growth
- Download (577 Kb)
Last change 11/01/2019
What do we know about the effects of austerity? (05/2018)
Francesco Giavazzi with Alberto Alesina and Carlo A. Favero
American Economic Review, Papers and Proceedings
Vol. 108, pp. 524-530
- Download (50 Kb)
Last change 11/01/2019
Is it the How or the When that Matters in Fiscal Adjustments? (2018)
Francesco Giavazzi with Alberto Alesina, Gualtiero Azzalini, Carlo Favero, Armando Miano
IMF Economic Review
Vol. 66, pp. 144-188
- Download (2.336 Kb)
Last change 11/01/2019
A new study offers more evidence that cutting spending is less harmful to growth than raising taxes (03/2018)
Francesco Giavazzi with Alberto Alesina and Carlo A. Favero
Intermational Monetary Fund
Finance & Development
- Download (901 Kb)
Last change 02/03/2018
EMU: Old Flaws Revisited (2015)
Francesco Giavazzi and Charles Wyplosz
Journal of European Integration
Vol. 37 (7), pp 723-738
- Download (126 Kb)
Last change 11/01/2019
Austerity in 2009-2013 (07/2015)
Francesco Giavazzi with Alberto Alesina, Omar Barbiero, Carlo A. Favero and Matteo Paradisi
Economic Policy
Vol. 30, Issue 83: pp. 383-437
- Download (1.914 Kb)
Last change 31/08/2015
The Output Effect of Fiscal Consolidation Plans (07/2015)
Francesco Giavazzi, Alberto Alesina, Carlo A. Favero
Journal of International Economics
Vol 96, (1), S19-S42
Awarded the 2015 Addington Prize in Measurement (Fraser Institute, Canada)
- Download (703 Kb)
Last change 10/04/2018
Attitude, Policies and Work (12/2013)
Francesco Giavazzi, Fabio Schiantarelli and Michel Serafinelli
Journal of the European Economic Association
vol. 11 (6), pp. 1256-1289
- Download (175 Kb)
Last change 22/11/2013
College Cost and Time to Complete a Degree: Evidence from Tuition Discontinuities (08/2012)
Francesco Giavazzi, P. Garibaldi, A. Ichino and E. Rettore
The Review of Economics and Statistics, Vol. 94, No. 3: 699-711
- Download (502 Kb)
Last change 10/01/2013
Measuring Tax Multipliers: the Narrative Method in Fiscal VARs (05/2012)
Giavazzi Francesco with Carlo A. Favero
American Economic Journal: Economic Policy: Vol 4, Issue 2
- Download (310 Kb)
Last change 14/09/2012
Policy Uncertainty and Household Savings (05/2012)
Giavazzi Francesco with Michael McMahon
The Review of Economics and Statistics, Vol 94, No. 2: 517-531
- Download (327 Kb)
Last change 14/09/2012
Central Banks and the Financial System (2012)
Giavazzi Francesco with Alberto Giovannini
Edward Elgar
in S. Eijffinger and D. Masciandaro (eds), Central Banking, Financial Regulation and Supervision After the Financial Crisis, Edward Elgar 2012
- Download (149 Kb)
Last change 30/05/2014
Comments on: Monetary Science, Fiscal Alchemy - by Eric M. Leeper (2010)
Giavazzi Francesco
Federal Reserve Bank of Kansas City
in "Macroeconomic Challenges: The Decade Ahead", Federal Reserve Bank of Kansas City, 2010
- Download (40 Kb)
Last change 30/05/2014
Why the current account may matter in a monetary union: Lessons from the financial crisis in the Euro area (2011)
Giavazzi Francesco with Luigi Spaventa
Cambridge University Press
in D. Cobham (ed.), The Euro Area and the Financial Crisis, Cambridge University Press, 2011
- Download (208 Kb)
Last change 30/05/2014
Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy (2011)
Giavazzi Francesco with Carlo A. Favero and Jacopo Perego
IMF Economic Review
59: 652-682 (2011)
Last change 01/02/2012
The ECB and the bond market (2010)
Giavazzi Francesco with Carlo A. Favero
Cambridge University Press
In M. Buti, S. Deroose, V. Caspar and J. Nogueira Martins (eds.), (2010), The Euro The First Decade
Last change 10/11/2010
Review of Institutions and Economic Performance by E. Helpman (03/2010)
Giavazzi Francesco
Journal of Economic Literature, Vol. 48, No. 1
- Download (23 Kb)
Last change 24/05/2010
Should the Euro Area be Run as a Closed Economy? (01/2008)
Giavazzi Francesco with C.A. Favero
American Economic Review 98(2): 138-45.
- download (212 Kb)
Last change 29/01/2009
Rebalancing Growth in China: a Three-Handed Approach (2006)
Francesco Giavazzi with Olivier Blanchard
China & World Economy
Vol. 14 (4), pages 1-20
- Download (262 Kb)
Last change 08/11/2010
Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence (10/2005)
Giavazzi Francesco with T. Jappelli, M. Pagano and M. Benedetti
Monetary and Economic Studies, vol. 23, n. S1
- Download (527 Kb)
Last change 08/03/2010
Economic and Political Liberalizations (10/2005)
Giavazzi Francesco with G. Tabellini
Journal of Monetary Economics 52, 7, October 2005
- download (144 Kb)
Last change 29/01/2009
Inflation Targeting and Debt: Lessons from Brazil (2005)
Giavazzi Francesco with C. Favero
MIT Press
in Giavazzi, F., I. Goldfajn and S. Herrera, Inflation Targeting, Debt and the Brazilian experience 1999 to 2003. NBER Working Paper No. 10390 (Excel file with the data used in the paper above)
- Download (324 Kb)
- Excel file (205 Kb)
Last change 29/01/2009
Improving the SGP through a proper accounting of public investment (2004)
Giavazzi Francesco with O. Blanchard
Conseil d'Analyse Economique, Paris
in Conseil d'Analyse Economique, Reformer le Pact de Stabilité et de Croissance, Paris. (see attached file)
- download (148 Kb)
Last change 29/01/2009
Public Debt Management in Brazil (03/2004)
Giavazzi Francesco with A. Missale
MIT Press
in Giavazzi, F., I. Goldfajn and S. Herrera, Inflation Targeting, Debt and the Brazilian experience 1999 to 2003, forthcoming. NBER Working paper No. 10394.
- download (388 Kb)
Last change 29/01/2009
The U.S. Current Account and the Dollar (05/2005)
Giavazzi Francesco with O. Blanchard and F. Sa
Brookings Papers on Economic Activity
2005:2. NBER Working Paper No. 11137
- download (457 Kb)
Last change 29/01/2009
Macroeconomic effects of regulation and deregulation in goods and labor markets (08/2003)
Giavazzi Francesco with O. Blanchard
Quarterly Journal of Economics
- download (442 Kb)
Last change 29/01/2009
How is the Debt Managed? Learning from Fiscal Stabilizations (2002)
Giavazzi Francesco with A. Missale and P.P. Benigno
Scandinavian Journal of Economics 104 (3)
- download (167 Kb)
Last change 29/01/2009
Current Account Deficits in the Euro Area. The End of the Feldstein Horioka Puzzle? (2002)
Giavazzi Francesco with O. Blanchard
Brookings Papers on Economic Activity
- download (260 Kb)
Last change 29/01/2009
Why are Brazils Interest Rates so High? (2005)
Giavazzi Francesco with Carlo A. Favero
MIT Press
in Giavazzi, F., I. Goldfajn and S. Herrera, Inflation targeting, Debt and the Brazilian experience 1999 to 2003.
Last change 14/07/2015
Immediate Challenges for the European Central Bank (01/04/1998)
Francesco Giavazzi, Carlo A. Favero, Rüdiger Dornbusch
Economic Policy
Vol. 13, Issue 26, pp. 16-64
- Download (1.834 Kb)
Last change 20/10/2015
Tassi di interesse reali e debito pubblico negli anni ottanta: interpretazioni, prospettive, implicazioni per la politica di bilancio (1992)
Francesco Giavazzi and Giampaolo Galli
Il Mulino
in Il disavanzo pubblico in Italia : natura strutturale e politiche di rientro, a cura dell'Ente per gli studi monetari, bancari e finanziari "Luigi Einaudi"
- Download (3.331 Kb)
Last change 14/07/2015
Confidence Crisis and Public Debt Management (1990)
Francesco Giavazzi and Marco Pagano
Cambridge University Press
In Public Debt Management: Theory and History, edited by R. Dornbusch and M. Draghi
- Download (1.083 Kb)
Last change 13/07/2015
Can severe fiscal contractions be expansionary? Tales of two small European countries (1990)
Giavazzi Francesco and Marco Pagano
NBER - Working Papers
Working Paper no. 3372, May 1990
(an old paper hard to find)
- Download (1.099 Kb)
Last change 18/09/2013
Italy: the real effects of inflation and disinflation (1989)
Francesco Giavazzi and Luigi Spaventa
Economic Policy
(an old paper hard to find)
- Download (1.952 Kb)
Last change 23/05/2012
Last change 10/10/2011