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- Publications
- Influence
Political and monetary institutions and public financial policies in the industrial countries
- Vittorio U. Grilli, D. Masciandaro, G. Tabellini
- Economics
- 1 October 1991
Institutions and policies
Vittorio Grilli, Donato Masciandaro and Guido Tabellini
Why do countries as similar as the industrialized OECD countries go through such different experience in terms of… Expand
The Benefits of Crises for Economic Reforms
- Allan Drazen, Vittorio U. Grilli
- Economics
- 1 December 1990
This paper presents a model in which economic crises have positive effects on welfare. Periods of very high inflation create the incentive for the resolution of social conflict and thus facilitate… Expand
Liquidity and Exchange Rates: Puzzling Evidence from the G-7 Countries
- Vittorio U. Grilli, N. Roubini
- Economics
- 1 October 1995
This paper considers the empirical evidence on liquidity effects in open economies; we study the effects of monetary policy shocks (identified by innovations in interest rates) on exchange rates.… Expand
- 182
- 18
Liquidity Models in Open Economies: Theory and Empirical Evidence
- N. Roubini, Vittorio U. Grilli
- Economics
- 1 October 1995
This paper presents an overview of recent theoretical and empirical research on 'liquidity models' in open economies; this is a class of optimizing models where money has effects on real asset prices… Expand
The European Central Bank: Reshaping Monetary Politics in Europe
- A. Alesina, Vittorio U. Grilli
- Economics
- 1 October 1991
This paper studies how the creation of a European Central Bank (ECB) will change the political economy of monetary policy in Europe. The twelve governors of the national Central Banks of the EEC have… Expand
On the Feasibility of a One or Multi-Speed European Monetary Union
- A. Alesina, Vittorio U. Grilli
- Economics
- 1 April 1993
This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries going first, and… Expand
Nominal exchange rate regimes and the real exchange rate: Evidence from the United States and Great Britain, 1885-1986
- Vittorio U. Grilli, Vittorio U. Grilli, Vittorio U. Grilli, G. Kaminsky
- Economics
- 1 April 1991
Abstract Two assumptions about the real exchange rate are common in the literature on international finance: (1) the real exchange rate is a random walk, (2) the time series properties of the real… Expand
The Political Economy of Capital Controls
- A. Alesina, Vittorio U. Grilli, G. Milesi-Ferretti
- Economics
- 1 May 1993
This paper calculates international income transfers which implement a Pareto optimal trade equilibrium in a world where many countries trade many goods.
Establishing a central bank : issues in Europe and lessons from the US
- C. Goodhart, M. Canzoneri, Vittorio U. Grilli, P. Masson
- Economics, Political Science
- 1992
List of figures List of tables Preface List of conference participants 1. Introduction Part I. The Design of a Central Bank: 2. Designing a central bank for Europe: a cautionary tale from the early… Expand
Fiscal Policies and the Choice of Exchange Rate Regime
- Gabriel S.P. de Kock, Vittorio U. Grilli
- Economics
- 1 March 1993
A common argument against either a monetary union or a regime or a fixed exchange rates is that they preclude flexible use of the inflation tax. The authors address this point of view by comparing… Expand