Michael Kumhof
Personal Details
First Name: | Michael |
Middle Name: | |
Last Name: | Kumhof |
Suffix: | |
RePEc Short-ID: | pku60 |
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https://michaelkumhof.weebly.com/ | |
Affiliation
Bank of England
London, United Kingdomhttp://www.bankofengland.co.uk/
RePEc:edi:boegvuk (more details at EDIRC)
Research output
Jump to: Working papers Articles ChaptersWorking papers
- Kumhof, Michael & Salgado-Moreno, Mauricio, 2024. "Quantitative easing and quantitative tightening: the money channel," Bank of England working papers 1090, Bank of England.
- Kumhof, Michael & Salgado-Moreno, Mauricio, 2024. "Quantitative Easing and Quantitative Tightening: The Money Channel," CEPR Discussion Papers 19228, C.E.P.R. Discussion Papers.
- Andrej Sokol & Michael Kumhof & Marco Pinchetti & Phurichai Rungcharoenkitkul, 2023.
"CBDC policies in open economies,"
BIS Working Papers
1086, Bank for International Settlements.
- Kumhof, Michael & Pinchetti, Marco & Rungcharoenkitkul, Phurichai & Sokol, Andrej, 2023. "CBDC Policies in Open Economies," CEPR Discussion Papers 17982, C.E.P.R. Discussion Papers.
- Michael Kumhof & Marco Pinchetti & Phurichai Rungcharoenkitkul & Andrej Sokol, 2023. "CBDC Policies in Open Economies," Discussion Papers 2309, Centre for Macroeconomics (CFM).
- Michael Kumhof & Marco Pinchetti & Phurichai Rungcharoenkitkul & Andrej Sokol, 2023. "CBDC Policies in Open Economies," PIER Discussion Papers 205, Puey Ungphakorn Institute for Economic Research.
- Mingli Chen & Andreas Joseph & Michael Kumhof & Xinlei Pan & Xuan Zhou, 2021. "Deep Reinforcement Learning in a Monetary Model," Papers 2104.09368, arXiv.org, revised Jan 2023.
- Kumhof, Michael & Tideman, Nicolaus & Hudson, Michael & Goodhart, Charles, 2021.
"Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land,"
CEPR Discussion Papers
16652, C.E.P.R. Discussion Papers.
- Kumhof, Michael & Tideman, Nicolaus & Hudson, Michael & Goodhart, Charles A., 2022. "Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land," VfS Annual Conference 2022 (Basel): Big Data in Economics 264042, Verein für Socialpolitik / German Economic Association.
- Kumhof, Michael & Allen, Jason & Bateman, Will & Lastra, Rosa & Gleeson, Simon & Omarova, Saule, 2020. "Central Bank Money: Liability, Asset, or Equity of the Nation?," CEPR Discussion Papers 15521, C.E.P.R. Discussion Papers.
- Michael Kumhof & Phurichai Rungcharoenkitkul & Andrej Sokol, 2020.
"How does international capital flow?,"
BIS Working Papers
890, Bank for International Settlements.
- Kumhof, Michael & Rungcharoenkitkul, Phurichai & Sokol, Andrej, 2020. "How does international capital flow?," Bank of England working papers 884, Bank of England, revised 19 Nov 2020.
- Kumhof, Michael & Rungcharoenkitkul, Phurichai & Sokol, Andrej, 2021. "How Does International Capital Flow?," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242328, Verein für Socialpolitik / German Economic Association.
- Kumhof, Michael & Sokol, Andrej & Rungcharoenkitkul, Phurichai, 2020. "How Does International Capital Flow?," CEPR Discussion Papers 15526, C.E.P.R. Discussion Papers.
- Cesa-Bianchi, Ambrogio & Kumhof, Michael & Sokol, Andrej & Thwaites, Gregory, 2019. "Towards a new monetary theory of exchange rate determination," Bank of England working papers 817, Bank of England.
- Jakab, Zoltan & Kumhof, Michael, 2018. "Banks are not intermediaries of loanable funds — facts, theory and evidence," Bank of England working papers 761, Bank of England, revised 17 Jan 2020.
- Kumhof, Michael & Noone, Clare, 2018. "Central bank digital currencies - design principles and balance sheet implications," Bank of England working papers 725, Bank of England.
- Kumhof, Michael & Wang, Xuan, 2018.
"Banks, money and the zero lower bound on deposit rates,"
Bank of England working papers
752, Bank of England, revised 19 Nov 2020.
- Kumhof, Michael & Wang, Xuan, 2021. "Banks, money, and the zero lower bound on deposit rates," Journal of Economic Dynamics and Control, Elsevier, vol. 132(C).
- Michael Kumhof & Xuan Wang, 2020. "Banks, Money, and the Zero Lower Bound on Deposit Rates," Tinbergen Institute Discussion Papers 20-050/VI, Tinbergen Institute.
- Barrdear, John & Kumhof, Michael, 2016. "The macroeconomics of central bank issued digital currencies," Bank of England working papers 605, Bank of England.
- Jakab, Zoltan & Kumhof, Michael, 2015. "Banks are not intermediaries of loanable funds – and why this matters," Bank of England working papers 529, Bank of England.
- Mr. Jörg Decressin & Mr. Raphael A Espinoza & Mr. Ioannis Halikias & Mr. Michael Kumhof & Mr. Daniel Leigh & Mr. Prakash Loungani & Mr. Paulo A Medas & Susanna Mursula & Mr. Antonio Spilimbergo & Ms. , 2015. "Wage Moderation in Crises: Policy Considerations and Applications to the Euro Area," IMF Staff Discussion Notes 2015/022, International Monetary Fund.
- Michal Andrle & Mr. Michael Kumhof & Mr. Douglas Laxton & Mr. Dirk V Muir, 2015. "Banks in The Global Integrated Monetary and Fiscal Model," IMF Working Papers 2015/150, International Monetary Fund.
- Mr. Jaromir Benes & Mr. Michael Kumhof & Mr. Douglas Laxton, 2014. "Financial Crises in DSGE Models: Selected Applications of MAPMOD," IMF Working Papers 2014/056, International Monetary Fund.
- Mr. Jaromir Benes & Mr. Michael Kumhof & Mr. Douglas Laxton, 2014. "Financial Crises in DSGE Models: A Prototype Model," IMF Working Papers 2014/057, International Monetary Fund.
- Mr. Derek Anderson & Mr. Benjamin L Hunt & Mika Kortelainen & Mr. Michael Kumhof & Mr. Douglas Laxton & Mr. Dirk V Muir & Susanna Mursula & Stephen Snudden, 2013. "Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model," IMF Working Papers 2013/055, International Monetary Fund.
- Mr. Jaromir Benes & Mr. Michael Kumhof & Mr. Douglas Laxton & Mr. Dirk V Muir & Susanna Mursula, 2013. "The Benefits of International Policy Coordination Revisited," IMF Working Papers 2013/262, International Monetary Fund.
- Mr. Michael Kumhof & Mr. Romain Ranciere & Pablo Winant, 2013. "Inequality, Leverage and Crises: The Case of Endogenous Default," IMF Working Papers 2013/249, International Monetary Fund.
- Ms. Marcelle Chauvet & Mr. Jack G. Selody & Mr. Douglas Laxton & Mr. Michael Kumhof & Mr. Jaromir Benes & Mr. Ondrej Kamenik & Susanna Mursula, 2012.
"The Future of Oil: Geology Versus Technology,"
IMF Working Papers
2012/109, International Monetary Fund.
- Benes, Jaromir & Chauvet, Marcelle & Kamenik, Ondra & Kumhof, Michael & Laxton, Douglas & Mursula, Susanna & Selody, Jack, 2015. "The future of oil: Geology versus technology," International Journal of Forecasting, Elsevier, vol. 31(1), pages 207-221.
- Mr. Michael Kumhof & Mr. Jaromir Benes, 2012.
"The Chicago Plan Revisited,"
IMF Working Papers
2012/202, International Monetary Fund.
- Kumhof, Michael & Benes, Jaromir, 2014. "The Chicago Plan Revisited," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100303, Verein für Socialpolitik / German Economic Association.
- Mr. Michael Kumhof & Mr. Dirk V Muir, 2012. "Oil and the World Economy: Some Possible Futures," IMF Working Papers 2012/256, International Monetary Fund.
- Mr. Romain Ranciere & Mr. Nathaniel A. Throckmorton & Mr. Michael Kumhof & Ms. Claire Lebarz & Mr. Alexander W. Richter, 2012. "Income Inequality and Current Account Imbalances," IMF Working Papers 2012/008, International Monetary Fund.
- Yan, Isabel K. & Kumhof, Michael, 2011. "Too much of a good thing? on the effects of limiting foreign reserve accumulation," MPRA Paper 35231, University Library of Munich, Germany.
- Mr. Jaromir Benes & Mr. Michael Kumhof, 2011. "Risky Bank Lending and Optimal Capital Adequacy Regulation," IMF Working Papers 2011/130, International Monetary Fund.
- Michael Kumhof & Romain Rancière, 2011.
"Unequal = Indebted,"
Post-Print
halshs-00754519, HAL.
- Michael Kumhof & Romain Rancière, 2011. "Unequal = Indebted," PSE-Ecole d'économie de Paris (Postprint) halshs-00754519, HAL.
- Rancière, Romain & Kumhof, Michael, 2011.
"Inequality, Leverage and Crises,"
CEPR Discussion Papers
8179, C.E.P.R. Discussion Papers.
- Michael Kumhof & Romain Rancière & Pablo Winant, 2015. "Inequality, Leverage, and Crises," American Economic Review, American Economic Association, vol. 105(3), pages 1217-1245, March.
- Michael Kumhof & Romain Rancière & Pablo Winant, 2015. "Inequality, Leverage, and Crises," PSE-Ecole d'économie de Paris (Postprint) halshs-01207208, HAL.
- Romain Ranciere & Michael Kumhof, 2011. "Inequality, Leverage and Crises," 2011 Meeting Papers 1374, Society for Economic Dynamics.
- Michael Kumhof & Romain Rancière & Pablo Winant, 2015. "Inequality, Leverage, and Crises," Post-Print halshs-01207208, HAL.
- Mr. Romain Ranciere & Mr. Michael Kumhof, 2010. "Inequality, Leverage and Crises," IMF Working Papers 2010/268, International Monetary Fund.
- Michael Kumhof & Romain Rancière, 2010. "Levarging inequality," Post-Print halshs-00754409, HAL.
- Mr. Michael Kumhof & Mr. Daniel Leigh & Mr. Douglas Laxton, 2010.
"To Starve or Not to Starve the Beast?,"
IMF Working Papers
2010/199, International Monetary Fund.
- Kumhof, Michael & Laxton, Douglas & Leigh, Daniel, 2014. "To starve or not to starve the beast?," Journal of Macroeconomics, Elsevier, vol. 39(PA), pages 1-23.
- Mr. Michael Kumhof & Mr. Dirk V Muir & Carlos de Resende & Jan in ‘t Veld & René Lalonde & Davide Furceri & Annabelle Mourougane & John Roberts & Stephen Snudden & Mathias Trabandt & Günter Coenen & S, 2010.
"Effects of Fiscal Stimulus in Structural Models,"
IMF Working Papers
2010/073, International Monetary Fund.
- Günter Coenen & Christopher J. Erceg & Charles Freedman & Davide Furceri & Michael Kumhof & René Lalonde & Douglas Laxton & Jesper Lindé & Annabelle Mourougane & Dirk Muir & Susanna Mursula & Carlos d, 2012. "Effects of Fiscal Stimulus in Structural Models," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(1), pages 22-68, January.
- Michael Kumhof & Douglas Laxton, 2010.
"Chile’s Structural Fiscal Surplus Rule: a Model – Based Evaluation,"
Working Papers Central Bank of Chile
602, Central Bank of Chile.
- Michael Kumhof & Douglas Laxton, 2010. "Chile’s Structural Fiscal Surplus Rule: a Model-Based Evaluation," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 13(3), pages 5-32, December.
- Mr. Michael Kumhof & Mr. Douglas Laxton, 2009. "Chile’s Structural Fiscal Surplus Rule: A Model-Based Evaluation," IMF Working Papers 2009/088, International Monetary Fund.
- Mr. Douglas Laxton & Susanna Mursula & Kevin Clinton & Mr. Michael Kumhof, 2010. "Budget Consolidation: Short-Term Pain and Long-Term Gain," IMF Working Papers 2010/163, International Monetary Fund.
- Mr. Douglas Laxton & Susanna Mursula & Mr. Michael Kumhof & Mr. Dirk V Muir, 2010. "The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure," IMF Working Papers 2010/034, International Monetary Fund.
- Mr. Michael Kumhof & Mr. Douglas Laxton, 2009.
"Fiscal Deficits and Current Account Deficits,"
IMF Working Papers
2009/237, International Monetary Fund.
- Kumhof, Michael & Laxton, Douglas, 2013. "Fiscal deficits and current account deficits," Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 2062-2082.
- Mr. Michael Kumhof & Huixin Bi, 2009. "Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints," IMF Working Papers 2009/286, International Monetary Fund.
- Isabel K. Yan & Mr. Michael Kumhof, 2009.
"Balance of Payments Anti-Crises,"
IMF Working Papers
2009/134, International Monetary Fund.
- Kumhof, Michael & Yan, Isabel, 2016. "Balance-of-payments anti-crises," Journal of Macroeconomics, Elsevier, vol. 48(C), pages 186-202.
- Mr. Michael Kumhof, 2009.
"International Currency Portfolios,"
IMF Working Papers
2009/048, International Monetary Fund.
- Michael Kumhof, 2010. "International Currency Portfolios," 2010 Meeting Papers 84, Society for Economic Dynamics.
- Mr. Jaewoo Lee & Mr. Douglas Laxton & Mr. Michael Kumhof & Charles Freedman, 2009. "The Case for Global Fiscal Stimulus," IMF Staff Position Notes 2009/003, International Monetary Fund.
- Mr. Douglas Laxton & Mr. Dirk V Muir & Mr. Michael Kumhof & Susanna Mursula & Charles Freedman, 2009. "Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits," IMF Working Papers 2009/255, International Monetary Fund.
- Mr. Michael Kumhof & Mr. Douglas Laxton, 2009. "Simple, Implementable Fiscal Policy Rules," IMF Working Papers 2009/076, International Monetary Fund.
- Michael Kumhof & Ricardo Nunes & Irina Yakadina, 2008.
"Simple monetary rules under fiscal dominance,"
International Finance Discussion Papers
937, Board of Governors of the Federal Reserve System (U.S.).
- Michael Kumhof & Ricardo Nunes & Irina Yakadina, 2010. "Simple Monetary Rules under Fiscal Dominance," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(1), pages 63-92, February.
- Michael Kumhof & Ricardo Nunes & Irina Yakadina, 2010. "Simple Monetary Rules under Fiscal Dominance," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(1), pages 63-92, February.
- Mr. Michael Kumhof & Mr. Ricardo C Nunes & Mrs. Irina Yakadina, 2007. "Simple Monetary Rules Under Fiscal Dominance," IMF Working Papers 2007/271, International Monetary Fund.
- Michael, Kumhof & Ricardo, Nunes & Irina, Yakadina, 2007. "Simple Monetary Rules under Fiscal Dominance," MPRA Paper 4462, University Library of Munich, Germany.
- Mr. Michael Kumhof & Stijn van Nieuwerburgh, 2007.
"Monetary Policy in an Equilibrium Portfolio Balance Model,"
IMF Working Papers
2007/072, International Monetary Fund.
- Stijn van Nieuwerburgh & Michael Kumhof, 2005. "Monetary Policy in an Equilibrium Portfolio Balance Model," 2005 Meeting Papers 851, Society for Economic Dynamics.
- Mr. Douglas Laxton & Mr. Michael Kumhof, 2007.
"A Party without a Hangover? On the Effects of U.S. Government Deficits,"
IMF Working Papers
2007/202, International Monetary Fund.
- Douglas Laxton & Michael Kumhof, 2007. "A Party without a Hangover? On the Effects of U.S. Government Deficits," 2007 Meeting Papers 676, Society for Economic Dynamics.
- Shujing Li & Isabel K. Yan & Mr. Michael Kumhof, 2007.
"Balance of Payments Crises Under Inflation Targeting,"
IMF Working Papers
2007/084, International Monetary Fund.
- Kumhof, Michael & Li, Shujing & Yan, Isabel, 2007. "Balance of payments crises under inflation targeting," Journal of International Economics, Elsevier, vol. 72(1), pages 242-264, May.
- Michael Kumhof & Shujing Li & Isabel Yan, "undated". "Balance of Payments Crises Under Inflation Targeting," Working Papers 00020, Stanford University, Department of Economics.
- Mrs. Irina Yakadina & Mr. Michael Kumhof, 2007. "Politically Optimal Fiscal Policy," IMF Working Papers 2007/068, International Monetary Fund.
- Nicoletta Batini & Michael Kumhof & Douglas Laxton, 2006. "Inflation Targeting Versus Joining a Monetary Union: An Assessment of the Potential Benefits and Costs Using a DSGE Model," Computing in Economics and Finance 2006 221, Society for Computational Economics.
- Michel Juillard & Ondrej Kamenik & Michael Kumhof & Douglas Laxton, 2006. "Measures of Potential Output from an Estimated DSGE Model of the United States," Working Papers 2006/11, Czech National Bank.
- Alejandro Justiniano & Michael Kumhof & Federico Ravenna, 2006. "Multi-Sectoral Cascading and Price Dynamics - A Bayesian Econometric Evaluation," Computing in Economics and Finance 2006 422, Society for Computational Economics.
- Mr. Michael Kumhof & Mr. Evan C Tanner, 2005. "Government Debt: A Key Role in Financial Intermediation," IMF Working Papers 2005/057, International Monetary Fund.
- Jaromir Benes & Tibor Hledik & Michael Kumhof & David Vavra, 2005. "An Economy in Transition and DSGE: What the Czech National Bank’s New Projection Model Needs," Working Papers 2005/12, Czech National Bank.
- Kumhof, Michael & Laxton, Doug & Naknoi, Kanda, 2005.
"On the Benefits of Exchange Rate Flexibility under Endogenous Tradedness of Goods,"
Conference papers
331319, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
- Kanda Naknoi & Michael Kumhof & Douglas Laxton, 2005. "On the Benefits of Exchange Rate Flexibility under Endogenous Tradedness of Goods," Computing in Economics and Finance 2005 405, Society for Computational Economics.
- Michael Kumhof & Douglas Laxton, 2005. "A Rational Expectations Model of Optimal Inflation Inertia," Computing in Economics and Finance 2005 429, Society for Computational Economics.
- Michael Kumhof, 2004. "Inflation Inertia- THe Role of Multiple, Interacting Pricing Rigidities," Working Papers 182004, Hong Kong Institute for Monetary Research.
- Michael Kumhof, 2004.
"Fiscal Crisis Resolution: Taxation versus Inflation,"
Working Papers
102004, Hong Kong Institute for Monetary Research.
- Michael Kumhof, 2004. "Fiscal Crisis Resolution: Taxation Versus Inflation," 2004 Meeting Papers 874, Society for Economic Dynamics.
- Luis Felipe Céspedes & Michael Kumhof & Eric Parrado, 2003.
"Pricing Policies and Inflation Inertia,"
Working Papers Central Bank of Chile
232, Central Bank of Chile.
- Mr. Michael Kumhof & Mr. Luis Felipe Céspedes & Mr. Eric Parrado, 2003. "Pricing Policies and Inflation Inertia," IMF Working Papers 2003/087, International Monetary Fund.
- Guillermo Calvo & Oya Celasun & Michael Kumhof, 2003. "Inflation Inertia and Credible Disinflation - The Open Economy Case," NBER Working Papers 9557, National Bureau of Economic Research, Inc.
- Mr. Michael Kumhof & Stijn van Nieuwerburgh, 2002. "A Fiscal Theory of the Currency Risk Premium and of Sterilized Intervention," IMF Working Papers 2002/029, International Monetary Fund.
- Mr. Guillermo Calvo & Mr. Michael Kumhof & Oya Celasun, 2002. "Nominal Exchange Rate Anchoring Under Inflation Inertia," IMF Working Papers 2002/030, International Monetary Fund.
- Michael Kumhof, 2001.
"A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks,"
Working Papers Central Bank of Chile
127, Central Bank of Chile.
- Michael Kumhof, 2002. "A Critical View of Inflation Targeting: Crises, Limited Sustaintability, and Aggregate Shocks," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Inflation Targeting: Desing, Performance, Challenges, edition 1, volume 5, chapter 8, pages 349-394, Central Bank of Chile.
- Michael Kumhof, 2000. "A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks," Working Papers 00022, Stanford University, Department of Economics.
- Michael Kumhof, 2000.
"International Capital Mobility in Emerging Markets: New Evidence from Daily Data,"
Working Papers
00021, Stanford University, Department of Economics.
- Michael Kumhof, 2001. "International Capital Mobility in Emerging Markets: New Evidence from Daily Data," Review of International Economics, Wiley Blackwell, vol. 9(4), pages 626-640, November.
- Michael Kumhof, 2000. "Inflation Targeting and Exchange Rate Flexibility," Working Papers 00023, Stanford University, Department of Economics.
- Michael Kumhof, "undated".
"Sterilization of Short-Term Capital Inflows - Through Lower Interest Rates ?,"
Working Papers
00018, Stanford University, Department of Economics.
- Kumhof, Michael, 2004. "Sterilization of short-term capital inflows--through lower interest rates?," Journal of International Money and Finance, Elsevier, vol. 23(7-8), pages 1209-1221.
- Michael Kumhof, "undated".
"A Quantative Exploration of the Role of Short-Term Domestic Debit in Balance of Payments Crises,"
Working Papers
00017, Stanford University, Department of Economics.
repec:hal:pseose:halshs-01207208 is not listed on IDEAS - Michael Kumhof, "undated". "Balance of Payments Crisis: The Role of Short-Term Debt," Working Papers 00019, Stanford University, Department of Economics.
Articles
- Barrdear, John & Kumhof, Michael, 2022. "The macroeconomics of central bank digital currencies," Journal of Economic Dynamics and Control, Elsevier, vol. 142(C).
- Kumhof, Michael & Noone, Clare, 2021. "Central bank digital currencies — Design principles for financial stability," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 553-572.
- Kumhof, Michael & Wang, Xuan, 2021.
"Banks, money, and the zero lower bound on deposit rates,"
Journal of Economic Dynamics and Control, Elsevier, vol. 132(C).
- Kumhof, Michael & Wang, Xuan, 2018. "Banks, money and the zero lower bound on deposit rates," Bank of England working papers 752, Bank of England, revised 19 Nov 2020.
- Michael Kumhof & Xuan Wang, 2020. "Banks, Money, and the Zero Lower Bound on Deposit Rates," Tinbergen Institute Discussion Papers 20-050/VI, Tinbergen Institute.
- Kumhof, Michael, 2018. "On the theory of international currency portfolios," European Economic Review, Elsevier, vol. 101(C), pages 376-396.
- Michael Kumhof & Irina Yakadina, 2017. "Government Debt Bias," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 65(4), pages 675-703, November.
- Kumhof, Michael & Yan, Isabel, 2016.
"Balance-of-payments anti-crises,"
Journal of Macroeconomics, Elsevier, vol. 48(C), pages 186-202.
- Isabel K. Yan & Mr. Michael Kumhof, 2009. "Balance of Payments Anti-Crises," IMF Working Papers 2009/134, International Monetary Fund.
- Benes, Jaromir & Kumhof, Michael, 2015. "Risky bank lending and countercyclical capital buffers," Journal of Economic Dynamics and Control, Elsevier, vol. 58(C), pages 58-80.
- Michael Kumhof & Romain Rancière & Pablo Winant, 2015.
"Inequality, Leverage, and Crises,"
American Economic Review, American Economic Association, vol. 105(3), pages 1217-1245, March.
- Michael Kumhof & Romain Rancière & Pablo Winant, 2015. "Inequality, Leverage, and Crises," PSE-Ecole d'économie de Paris (Postprint) halshs-01207208, HAL.
- Romain Ranciere & Michael Kumhof, 2011. "Inequality, Leverage and Crises," 2011 Meeting Papers 1374, Society for Economic Dynamics.
- Michael Kumhof & Romain Rancière & Pablo Winant, 2015. "Inequality, Leverage, and Crises," Post-Print halshs-01207208, HAL.
- Mr. Romain Ranciere & Mr. Michael Kumhof, 2010. "Inequality, Leverage and Crises," IMF Working Papers 2010/268, International Monetary Fund.
- Rancière, Romain & Kumhof, Michael, 2011. "Inequality, Leverage and Crises," CEPR Discussion Papers 8179, C.E.P.R. Discussion Papers.
- Benes, Jaromir & Chauvet, Marcelle & Kamenik, Ondra & Kumhof, Michael & Laxton, Douglas & Mursula, Susanna & Selody, Jack, 2015.
"The future of oil: Geology versus technology,"
International Journal of Forecasting, Elsevier, vol. 31(1), pages 207-221.
- Ms. Marcelle Chauvet & Mr. Jack G. Selody & Mr. Douglas Laxton & Mr. Michael Kumhof & Mr. Jaromir Benes & Mr. Ondrej Kamenik & Susanna Mursula, 2012. "The Future of Oil: Geology Versus Technology," IMF Working Papers 2012/109, International Monetary Fund.
- Kumhof, Michael & Laxton, Douglas & Leigh, Daniel, 2014.
"To starve or not to starve the beast?,"
Journal of Macroeconomics, Elsevier, vol. 39(PA), pages 1-23.
- Mr. Michael Kumhof & Mr. Daniel Leigh & Mr. Douglas Laxton, 2010. "To Starve or Not to Starve the Beast?," IMF Working Papers 2010/199, International Monetary Fund.
- Ondra Kamenik & Michael Kumhof, 2014. "Trade Openness and Exchange Rate Regimes," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(8), pages 1657-1686, December.
- Kumhof, Michael & Laxton, Douglas, 2013.
"Fiscal deficits and current account deficits,"
Journal of Economic Dynamics and Control, Elsevier, vol. 37(10), pages 2062-2082.
- Mr. Michael Kumhof & Mr. Douglas Laxton, 2009. "Fiscal Deficits and Current Account Deficits," IMF Working Papers 2009/237, International Monetary Fund.
- Kumhof, Michael & Laxton, Douglas, 2013. "Simple fiscal policy rules for small open economies," Journal of International Economics, Elsevier, vol. 91(1), pages 113-127.
- Günter Coenen & Christopher J. Erceg & Charles Freedman & Davide Furceri & Michael Kumhof & René Lalonde & Douglas Laxton & Jesper Lindé & Annabelle Mourougane & Dirk Muir & Susanna Mursula & Carlos d, 2012.
"Effects of Fiscal Stimulus in Structural Models,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 4(1), pages 22-68, January.
- Mr. Michael Kumhof & Mr. Dirk V Muir & Carlos de Resende & Jan in ‘t Veld & René Lalonde & Davide Furceri & Annabelle Mourougane & John Roberts & Stephen Snudden & Mathias Trabandt & Günter Coenen & S, 2010. "Effects of Fiscal Stimulus in Structural Models," IMF Working Papers 2010/073, International Monetary Fund.
- Cespedes, Luis Felipe & Kumhof, Michael & Parrado, Eric, 2012. "Pricing Policies And Inflation Dynamics," Macroeconomic Dynamics, Cambridge University Press, vol. 16(4), pages 576-604, September.
- Clinton, Kevin & Kumhof, Michael & Laxton, Douglas & Mursula, Susanna, 2011. "Deficit reduction: Short-term pain for long-term gain," European Economic Review, Elsevier, vol. 55(1), pages 118-139, January.
- Bi, Huixin & Kumhof, Michael, 2011. "Jointly optimal monetary and fiscal policy rules under liquidity constraints," Journal of Macroeconomics, Elsevier, vol. 33(3), pages 373-389, September.
- Kumhof, Michael, 2010. "On the theory of sterilized foreign exchange intervention," Journal of Economic Dynamics and Control, Elsevier, vol. 34(8), pages 1403-1420, August.
- Freedman, Charles & Kumhof, Michael & Laxton, Douglas & Muir, Dirk & Mursula, Susanna, 2010. "Global effects of fiscal stimulus during the crisis," Journal of Monetary Economics, Elsevier, vol. 57(5), pages 506-526, July.
- Michael Kumhof & Douglas Laxton, 2010.
"Chile’s Structural Fiscal Surplus Rule: a Model-Based Evaluation,"
Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 13(3), pages 5-32, December.
- Michael Kumhof & Douglas Laxton, 2010. "Chile’s Structural Fiscal Surplus Rule: a Model – Based Evaluation," Working Papers Central Bank of Chile 602, Central Bank of Chile.
- Mr. Michael Kumhof & Mr. Douglas Laxton, 2009. "Chile’s Structural Fiscal Surplus Rule: A Model-Based Evaluation," IMF Working Papers 2009/088, International Monetary Fund.
- Charles Freedman & Michael Kumhof & Douglas Laxton & Dirk Muir, 2010. "Policies to Rebalance the Global Economy After the Financial Crisis," International Journal of Central Banking, International Journal of Central Banking, vol. 6(1), pages 215-252, March.
- Michael Kumhof & Ricardo Nunes & Irina Yakadina, 2010.
"Simple Monetary Rules under Fiscal Dominance,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(1), pages 63-92, February.
- Michael Kumhof & Ricardo Nunes & Irina Yakadina, 2010. "Simple Monetary Rules under Fiscal Dominance," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(1), pages 63-92, February.
- Michael Kumhof & Ricardo Nunes & Irina Yakadina, 2008. "Simple monetary rules under fiscal dominance," International Finance Discussion Papers 937, Board of Governors of the Federal Reserve System (U.S.).
- Mr. Michael Kumhof & Mr. Ricardo C Nunes & Mrs. Irina Yakadina, 2007. "Simple Monetary Rules Under Fiscal Dominance," IMF Working Papers 2007/271, International Monetary Fund.
- Michael, Kumhof & Ricardo, Nunes & Irina, Yakadina, 2007. "Simple Monetary Rules under Fiscal Dominance," MPRA Paper 4462, University Library of Munich, Germany.
- Juillard, Michael & Kamenik, Ondra & Kumhof, Michael & Laxton, Douglas, 2008.
"Optimal price setting and inflation inertia in a rational expectations model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(8), pages 2584-2621, August.
- Michel Juillard & Ondra Kamenik & Michael Kumhof, 2005. "Optimal price setting and inflation inertia in a rational expectations model," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
- Calvo, Guillermo & Celasun, Oya & Kumhof, Michael, 2007. "Inflation inertia and credible disinflation," Journal of International Economics, Elsevier, vol. 73(1), pages 48-68, September.
- Kumhof, Michael & Li, Shujing & Yan, Isabel, 2007.
"Balance of payments crises under inflation targeting,"
Journal of International Economics, Elsevier, vol. 72(1), pages 242-264, May.
- Michael Kumhof & Shujing Li & Isabel Yan, "undated". "Balance of Payments Crises Under Inflation Targeting," Working Papers 00020, Stanford University, Department of Economics.
- Shujing Li & Isabel K. Yan & Mr. Michael Kumhof, 2007. "Balance of Payments Crises Under Inflation Targeting," IMF Working Papers 2007/084, International Monetary Fund.
- Kumhof, Michael, 2004.
"Sterilization of short-term capital inflows--through lower interest rates?,"
Journal of International Money and Finance, Elsevier, vol. 23(7-8), pages 1209-1221.
- Michael Kumhof, "undated". "Sterilization of Short-Term Capital Inflows - Through Lower Interest Rates ?," Working Papers 00018, Stanford University, Department of Economics.
- Michael Kumhof, 2001.
"International Capital Mobility in Emerging Markets: New Evidence from Daily Data,"
Review of International Economics, Wiley Blackwell, vol. 9(4), pages 626-640, November.
- Michael Kumhof, 2000. "International Capital Mobility in Emerging Markets: New Evidence from Daily Data," Working Papers 00021, Stanford University, Department of Economics.
- Kumhof, Michael, 2000. "A quantitative exploration of the role of short-term domestic debt in balance of payments crises," Journal of International Economics, Elsevier, vol. 51(1), pages 195-215, June.
Chapters
- Michael Kumhof, 2002.
"A Critical View of Inflation Targeting: Crises, Limited Sustaintability, and Aggregate Shocks,"
Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Inflation Targeting: Desing, Performance, Challenges, edition 1, volume 5, chapter 8, pages 349-394,
Central Bank of Chile.
- Michael Kumhof, 2000. "A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks," Working Papers 00022, Stanford University, Department of Economics.
- Michael Kumhof, 2001. "A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks," Working Papers Central Bank of Chile 127, Central Bank of Chile.
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NEP Fields
NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 34 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.- NEP-MAC: Macroeconomics (25) 2004-08-02 2005-11-19 2005-11-19 2005-12-01 2006-06-10 2006-07-15 2007-08-18 2008-09-05 2011-04-23 2011-12-13 2015-02-22 2015-06-05 2018-05-28 2018-09-17 2018-11-12 2019-11-18 2020-08-31 2020-09-07 2020-10-19 2021-05-17 2021-05-17 2021-11-01 2023-05-01 2023-05-01 2023-08-21. Author is listed
- NEP-MON: Monetary Economics (22) 2001-02-14 2002-02-15 2003-11-03 2004-07-18 2005-11-19 2005-12-01 2007-08-18 2008-09-05 2011-12-13 2015-02-22 2015-06-05 2018-05-28 2018-09-17 2019-11-18 2020-08-31 2020-09-07 2021-04-26 2021-05-17 2021-05-17 2021-11-01 2023-05-01 2023-08-21. Author is listed
- NEP-CBA: Central Banking (13) 2002-02-15 2005-11-19 2006-06-10 2006-07-15 2007-08-18 2008-09-05 2018-05-28 2018-09-17 2019-11-18 2020-08-31 2021-04-26 2021-05-17 2023-05-01. Author is listed
- NEP-DGE: Dynamic General Equilibrium (10) 2005-11-19 2006-06-10 2015-02-22 2019-11-18 2020-09-07 2020-10-19 2021-04-26 2021-05-17 2023-05-01 2023-08-21. Author is listed
- NEP-PAY: Payment Systems and Financial Technology (8) 2018-05-28 2018-09-17 2018-11-12 2020-08-31 2021-05-17 2023-05-01 2023-05-01 2023-08-21. Author is listed
- NEP-IFN: International Finance (7) 2001-02-14 2001-02-14 2001-02-14 2001-02-14 2001-02-14 2002-02-15 2005-12-01. Author is listed
- NEP-BAN: Banking (6) 2015-06-05 2018-09-17 2018-11-12 2020-08-31 2023-05-01 2023-05-01. Author is listed
- NEP-OPM: Open Economy Macroeconomics (4) 2019-11-18 2020-09-07 2020-10-19 2021-05-17
- NEP-FDG: Financial Development and Growth (3) 2020-10-19 2021-05-17 2023-05-01
- NEP-BIG: Big Data (1) 2021-04-26
- NEP-CFN: Corporate Finance (1) 2015-06-05
- NEP-CMP: Computational Economics (1) 2021-04-26
- NEP-CWA: Central and Western Asia (1) 2021-05-17
- NEP-FMK: Financial Markets (1) 2001-02-14
- NEP-FOR: Forecasting (1) 2006-06-10
- NEP-INT: International Trade (1) 2005-11-19
- NEP-LAM: Central and South America (1) 2004-07-18
- NEP-MFD: Microfinance (1) 2003-11-03
- NEP-PKE: Post Keynesian Economics (1) 2002-02-15
- NEP-SEA: South East Asia (1) 2023-08-21
- NEP-TRA: Transition Economics (1) 2006-06-10
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