Gianluca Benigno

Assistant Vice President and Function Head
International Research Function
Federal Reserve Bank of New York
33 Liberty Street
New York, NY 10045

gianluca.benigno@ny.frb.org

   
The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective
With Ozge Akinci and Paolo Pesenti
Federal Reserve Bank of New York Economic Policy Review, Volume 26 Number 4, October 2020

Equilibrium Exchange Rates and Supply Side Performance
With C. Thoenissen
2003, Economic Journal, vol.113 no.486

Price Stability in Open Economies
With P. Benigno
2003, Review of Economic Studies, vol. 70(4) no. 245

Real Exchange Rate Persistence and Monetary Policy Rules
2004, Journal of Monetary Economics, vol. 51

Capital Flows and Asset Prices
With K. Aoki and N. Kiyotaki
2007, NBER International Seminar on Macroeconomics

Designing Targeting Rules for International Monetary Policy Cooperation
With P. Benigno
2006, Journal of Monetary Economics, vol.53

Implementing Monetary Cooperation Through Inflation Targeting
With P. Benigno
2008, Macroeconomic Dynamics, Volume 12, April 2008

Interest Rate Rules for Fixed Exchange Rate Regimes
With P. Benigno and F. Ghironi
2007, Journal of Economic Dynamics and Control, Volume 31, Issue 7

Exchange Rate Determination under Interest Rate Rules
With P. Benigno
2008, Journal of International Money and Finance, Volume 27, Issue 6

Consumption and Real Exchange Rates with Incomplete Markets and Non-traded Goods
With C. Thoenissen
2008, Journal of International Money and Finance, Volume 27, Issue 6

On the International Dimension of Fiscal Policy
With B. De Paoli
2010, Journal of Money, Credit and Banking, Volume 42, Issue 8

Risk, Monetary Policy and the Exchange Rate
With P. Benigno and S. Nistico
2011, NBER Macro Annual 2011

Revisiting Overborrowing and its Policy Implications
With H. Chen, C. Otrok, A. Rebucci, E. Young
2011, in Monetary Policy under Financial Turbulence, (eds. Luis Cespedes, Roberto Chang and Diego Saravia)

Portfolio allocation and International Risk Sharing
With H. Kucuk-Tuger
2012, Canadian Journal of Economics, Volume 45, No 2

Financial Crises and Macro-Prudential Policies
With H. Chen, C. Otrok, A. Rebucci, E. Young
2013, Journal of International Economics, Volume 89, Issue 2

Second-Order Approximation of Dynamic Models with Time-Varying Risk
With P. Benigno and S. Nistico
2013, Journal of Economic Dynamics and Control, vol. 37 (7)

The Financial Resource Curse
With L. Fornaro
2014, Scandinavian Journal of Economics, vol.116, Issue 1, pages58-86

Large Capital Inflows, Sectoral Allocation and Economic Performance
with N. Converse and L. Fornaro
2015, Journal of International Money and Finance, vol.55, pages 60-87

Optimal Capital Controls or Exchange Rate Policies? A Pecuniary Externality Perspective
With H. Chen, C. Otrok, A. Rebucci, E. Young
2016 Journal of Monetary Economics vol.84 pages 147-165

Revisiting the Commodity Curse: A Financial Perspective
2017 Journal of International Economics, Volume 108, Supplement 1, May 2017, Pages S87-S106

Stagnation Traps
With L. Fornaro
2018, The Review of Economic Studies, Volume 85, Issue 3, 1 July 2018, Pages 1425–1470

OTHERS
Capital Flows and Asset Prices
With K.Aoki and N. Kiyotaki
2007, NBER International Seminar on Macroeconomics

Challenges for the Dollar as a Reserve Currency” in Beyond the Dollar: Rethinking the International Monetary System
2010, Chatham House Report, Edited by Paola Subacchi and John Driffill

Revisiting Overborrowing and its Policy Implications
With H. Chen, C. Otrok, A. Rebucci, E. Young
2011, in Monetary Policy under Financial Turbulence, (eds. Luis Cespedes, Roberto Chang and Diego Saravia)
Discussion of “Can Endogenous Change in Price Flexibility alter the Relative Performance of Exchange Rate Regimes? by A. Sutherland and O. Senay, ISOM volume R. Clarida, J. Frankel and F. Giavazzi editors.

Discussion of “Expectations, Monetary Policy and the Misalignments of Traded Goods Prices”, by M. Devereux and C. Engel. ISOM volume R. Clarida, J. Frankel and F. Giavazzi editors.

Discussion of “External Imbalances in the Eurozone” by R.Chen, G. M. Milesi-Ferretti and T. Tressel; Economic Policy, Vol. 28, Issue 73, 2013.

Discussion of “Trends in European Real Exchange Rates” by M. Berka and M. Devereux; Economic Policy, Vol. 28, Issue 74, 2013

Discussion of “What drives TARGET2 balances? Evidence from a panel analysis” by R. Auer, Economic Policy, Vol. 29, Issue 77, 2014

Review: “The Never Ending Debate on Capital Flows”, International Finance, Spring 2014.

Commentary on Macroprudential Policies”, International Journal of Central Banking, 2013

Comments on “Global Real Rates: A Secular Approach” (2019) by P.O. Gourinchas and H. Rey, BIS working paper no. 793

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.
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