Gian Maria Milesi‐Ferretti
Biographic Data
| ID | 5805392 |
|---|---|
| NAME | Gian Maria Milesi‐Ferretti |
| GIVEN NAMES | Gian Maria |
| FAMILY NAME | Milesi‐Ferretti |
| SIGNATURE | FERRETTI G M M |
| AFFILIATIONS | International Monetary Fund |
| ORCID | 0000-0002-3843-3587 |
| VERIFIED | Yes |
| TOTAL WORKS | 7 |
| TOTAL CITATIONS | 22 |
| WORKS AS AUTHOR | 7 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1995 |
| LATEST PUBLICATION YEAR | 2008 |
| H-INDEX | 1 |
International Investment Patterns
We provide a systematic analysis of the bilateral factors driving portfolio equity holdings across countries. We find that bilateral equity holdings are strongly correlated with bilateral trade in goods and services. Larger bilateral positions are also associated with proxies for informational proximity
The external wealth of nations mark II
The Transfer Problem Revisited
The relationship between international payments and the real exchange rate-the transfer problem-is a classic question in international economics. We use cross-country data on real exchange rates and a newly constructed data set on countries' net external positions to shed new light on this question. We present a simple theoretical framework that leads to testable implications for the long-run comovements of real exchange rates, net foreign assets…
Electoral Systems and Public Spending
We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We emphasize the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are easier to target across social groups. We present a theoretical model in which voters anticipating government policymaking under different electoral systems have an incentive to…
Inflation and Disinflation
The Dynamics of Inflation and Capital Accumulation in Previously Centrally Planned Economies
Gian Maria Milesi-Ferretti, The Dynamics of Inflation and Capital Accumulation in Previously Centrally Planned Economies: A Theoretical Framework, Economica, New Series, Vol. 62, No. 248 (Nov., 1995), pp. 441-459
The Disadvantage of Tying Their Hands
In order to increase their electoral chances, incumbents may forego policy measures that improve the relative standing of their opponents in the eyes of voters. This paper illustrates the point by focusing on the choice between fixed and floating exchange rates. An inflation-averse government may refrain from choosing fixed exchange rates in order to capitalise on the `inflationary' reputation of its opponent. This incentive is contrasted with th…
The Disadvantage of Tying Their Hands
In order to increase their electoral chances, incumbents may forego policy measures that improve the relative standing of their opponents in the eyes of voters. This paper illustrates the point by focusing on the choice between fixed and floating exchange rates. An inflation-averse government may refrain from choosing fixed exchange rates in order to capitalise on the `inflationary' reputation of its opponent. This incentive is contrasted with th…
Inflation and Disinflation
The Dynamics of Inflation and Capital Accumulation in Previously Centrally Planned Economies
Gian Maria Milesi-Ferretti, The Dynamics of Inflation and Capital Accumulation in Previously Centrally Planned Economies: A Theoretical Framework, Economica, New Series, Vol. 62, No. 248 (Nov., 1995), pp. 441-459
The Disadvantage of Tying Their Hands
In order to increase their electoral chances, incumbents may forego policy measures that improve the relative standing of their opponents in the eyes of voters. This paper illustrates the point by focusing on the choice between fixed and floating exchange rates. An inflation-averse government may refrain from choosing fixed exchange rates in order to capitalise on the `inflationary' reputation of its opponent. This incentive is contrasted with th…
Electoral Systems and Public Spending
We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We emphasize the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are easier to target across social groups. We present a theoretical model in which voters anticipating government policymaking under different electoral systems have an incentive to…
The Transfer Problem Revisited
The relationship between international payments and the real exchange rate-the transfer problem-is a classic question in international economics. We use cross-country data on real exchange rates and a newly constructed data set on countries' net external positions to shed new light on this question. We present a simple theoretical framework that leads to testable implications for the long-run comovements of real exchange rates, net foreign assets…
The external wealth of nations mark II
International Investment Patterns
We provide a systematic analysis of the bilateral factors driving portfolio equity holdings across countries. We find that bilateral equity holdings are strongly correlated with bilateral trade in goods and services. Larger bilateral positions are also associated with proxies for informational proximity
Economics (7 works) · Monetary economics (5 works) · Global Financial Crisis and Policies (4 works) · Fiscal Policy and Economic Growth (3 works) · Geography (3 works) · Monetary Policy and Economic Impact (3 works) · Current account (2 works) · Economic Theory and Policy (2 works) · Equity (law) (2 works) · Exchange rate (2 works)