Gianluca Benigno
Associate Professor
Department of Economics
London School of Economics
Houghton Street, London, WC2A 2AE
UK
Contact details:
London School of
Economics
Houghton Street
London, WC2A 2AE
Phone: +44 (0)20 7955 7807
Fax: +44 (0)20 79557595
Email: g.benigno@lse.ac.uk
Office hours: Monday 3-5pm
RESEARCH:
Publications:
·
“Equilibrium
Exchange Rate and Supply-Side Perfomance”, (with C. Thoenissen), Economic Journal, 2003, vol.
113, no. 486, pp. 103-24.
·
“Price
Stability in Open Economies”, (with P. Benigno) Review of Economic Studies, 2003,
vol. 70(4), no 245, pp. 743-65.
·
“Real Exchange Rate
Persistence and Monetary Policy Rules”, Journal of Monetary Economics, 2004, vol.51, pp.
473-502. Technical Appendix.
·
“Designing
Targeting Rules for International Monetary Policy Cooperation”, (with P. Benigno), Journal
of Monetary Economics, 2006, vol. 53, pp.473-506. Technical
Appendix.
·
“Implementing
International Monetary Cooperation through Inflation Targeting”, (with P.Benigno), Macroeconomic
Dynamics, Volume 12, April 2008,
pages 45-59.
·
“Interest
Rate Rules for Fixed Exchange Regimes”, (with P. Benigno and F. Ghironi), Journal of Economic
Dynamics and Control, Volume 31, Issue 7, July 2007, pages 2196-2211.
·
“Exchange Rate
Determination under Interest Rate Rules”, (with P. Benigno), Journal of International Money and
Finance, Volume 27, Issue 6, October 2008, Pages 971-993. (related Technical Appendix).
·
“Consumption
and Real Exchange Rates with Incomplete Markets and Non-traded Goods”, (with C. Thoenissen), Journal
of International Money and Finance, Volume 27, Issue 6, October 2008, Pages
926-948.
·
“Capital Flows and Asset
Prices”, (with K. Aoki and N. Kiyotaki), NBER International Seminar on Macroeconomics 2007, edited by R.
Clarida and F. Giavazzi, University of Chicago Press.
·
“On
the International Dimension of Fiscal Policy”, (with B. De Paoli), Journal of Money, Credit and Banking,
Volume 42, Issue 8, pages 1523-1542, December 2010.
·
“Risk, Monetary Policy and the
Exchange Rate”,
(with P. Benigno and S. Nistico’) NBER
Macro Annual 2011.
·
“Portfolio
allocation and International Risk Sharing” (with
H. Kucuk-Tuger), Canadian Journal of Economics, Volume 45, No 2, May 2012
·
“Financial Crises and
Macro-Prudential Policies”, (with H. Chen, C. Otrok, A. Rebucci, E. Young), forthcoming Journal of International Economics,
Volume 89, Issue 2, March 2013, Pages 453-470
·
“Second-Order
Approximation of Dynamic Models with Time-Varying Risk”, (with P. Benigno and S. Nistico’), Journal of Economic Dynamics and Control, Volume 37, Issue 7, July
2013 Pages 1231-1247.
·
“The Financial
Resource Curse”, (with L. Fornaro), The Scandinavian Journal of Economics,
Volume 116, Issue 1, January 2014, Pages 58-86.
·
“Large Capital Flows,
Sectoral Allocation, and Economic Performance” (with N. Converse and L. Fornaro),
Volume 55, pages 60-87, July 2015 Journal
of International Money and Finance.
·
“Optimal Capital Controls or Exchange Rate Policies? A Pecuniary Externality
Perspective” (with H. Chen, C. Otrok, A. Rebucci, E. Young),
vol 84, December 2016, pages 147-165,Journal of Monetary Economics.
·
“Revisiting the Commodity Curse: A
Financial Perspective” (with E. Alberola), forthcoming Journal of International Economics.
Other Published Papers
“Revisiting
Overborrowing and its Policy Implications” (with H. Chen, C. Otrok, A. Rebucci, E. Young), in Monetary Policy under
Financial Turbulence, (eds. Luis Cespedes, Roberto Chang and Diego Saravia),
Comments
and Discussion:
·
“Comment” on "Can Endogenous
Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange
Rate Regimes" by O. Senay and A. Sutherland in Richard
H. Clarida, Jeffrey A. Frankel, Francesco Giavazzi and Kenneth D. West, NBER International Seminar on Macroeconomics 2004, MIT
press.
·
“Comment” on "Expectations,
Monetary Policy, and the Misalignment of Traded Goods Prices " by M.
Devereux and C. Engel in Richard H. Clarida, Francesco
Giavazzi, NBER International Seminar on
Macroeconomics 2007, University of Chicago Press.
· “Challenges for the Dollar as a Reserve Currency” in Beyond the Dollar: Rethinking the International Monetary System, Chatham House Report, Edited by Paola Subacchi and John Driffill, March 2010]
·
“Are
Macro-Prudential Policies Prudent?”, Vox EU column (with H. Chen, C. Otrok, A.
Rebucci, E. Young), August 2010.
·
“Commentary on
MacroPrudential Policies”, International Journal of Central Banking, March
2013.
·
Discussion on “External
Imbalances in the Eurozone”, by R. Chen, G.M. Milesi-Ferretti and T.
Tressel, Economic Policy, Volume 28, Issue 73, January 2013.
·
Discussion on “Trends
in European Real Exchange Rates”, by M. Berka and M. Devereux, Economic
Policy, Volume 28, Issue 74, April 2013.
·
Review: “The Never
Ending Debate on Capital Flows”,
International Finance, Vol. 17,
Issue 1, pages 121-134, Spring 2014.
Work
in progress:
·
“Adjusting
to Capital Account Liberalization”, (with K. Aoki and N.
Kiyotaki), December 2008.
·
“Monetary and Macro-Prudential Policies: an Integrated Analysis”, ((with H. Chen, C. Otrok, A. Rebucci, E. Young)
December 2011
·
“Reserve Accumulation,
Growth and Financial Crises” , (with L. Fornaro),
March 2012
·
“Optimal Policy for
Macro-Financial Stability”, ((with H. Chen, C. Otrok, A. Rebucci, E. Young).
·
“Stagnation Traps”
(with L. Fornaro), January 2015
·
“Estimating Models of Financial Crisis: an Endogenous
Switching Approach” (with A. Foerster, C.
Otrok, A. Rebucci), May 2017.
TEACHING (2012/2013):
EC421 International Economics
(Macro option) (Lent Term): Syllabus
EC532 International Economics for
Research Students (Macro option) (Lent Term): Syllabus
Macroeconomic Challenges of
Global Imbalances (LSE Executive Summer School).
