Michael Kumhof

Government debt

2005

Simple monetary rules under fiscal dominance

2008

A fiscal theory of the currency risk premium and of sterilized intervention

2002

Benefits of International Policy Coordination Revisited

Simple, Implementable Fiscal Policy Rules

Fiscal Deficits and Current Account Deficits

Wage Moderation in Crises

Balance of Payments Anti-Crises

Balance of Payments Crises under Inflation Targeting

Income Inequality and Current Account Imbalances

Inequality, Leverage and Crises

International Currency Portfolios

Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits

Chile's Structural Fiscal Surplus Rule

Case for Global Fiscal Stimulus

Banks in the Global Integrated Monetary and Fiscal Model

Risky Bank Lending and Optimal Capital Adequacy Regulation

Party Without a Hangover? on the Effects of U. S. Government Deficits

Oil and the World Economy

To Starve or Not to Starve the Beast?

Global Integrated Monetary and Fiscal Model (Gimf) - Theoretical Structure

Politically Optimal Fiscal Policy

Global Integrated Monetary and Fiscal Model

Budget Consolidation

Nominal Exchange Rate Anchoring under Inflation Inertia

Effects of Fiscal Stimulus in Structural Models

Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints

Monetary Policy in an Equilibrium Portfolio Balance Model

Financial Crises in DSGE Models

Chicago Plan Revisited