Javier Bianchi
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​         Google Scholar Profile      IDEAS/REPEC                                                                             Bibtex                                                                                          

 Working Papers

Helicopter Drops and Liquidity Traps,  with Manuel Amador, March 2023

A Theory of Fear of Floating, with Louphou Coulibaly,  January 2023 

International Sanctions and Dollar Dominance,  with Cesar Sosa-Padilla
     
​Bank Runs, Fragility, and Credit Easing, with Manuel Amador, March 2022     [Sildes]
             Revisions Requested, American Economic Review

Reserve Accumulation, Macroeconomic Stabilization and Sovereign Risk,  with Cesar Sosa-Padilla, August 2022
       Accepted
, Review of Economic Studies                     [Twitter thread]

On Wars, Sanctions and Sovereign Default, with Cesar Sosa-Padilla , April 2022      [Twitter thread]  
        Accepted for Carnegie-Rochester-NYU 100th Conference on Public Policy​

​Scrambling for Dollars: International Liquidity, Banks and Exchange Rates,  with  Saki Bigio and Charles Engel, November 2022

​Liquidity Traps, Prudential Policies, and International Spillovers,  with Louphou Coulibaly, May 2022   [Slides] ​
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A Macroprudential Theory of Foreign Reserve Accumulation, with Fernando Arce and Julien Bengui
            Revisions Requested, AEJ Macro

                                              
​Settlement Frictions and Portfolio Theory,  with Saki Bigio
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Overborrowing, Financial Crises and Macro-prudential Policy, with Enrique Mendoza, June 2010
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​Work in Progress (slides)
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Foreign Reserve Management, with Manuel Amador, Luigi Bocola, and Fabrizio Perri 

​``Demand Imbalances, Global Inflation and Monetary Policy Coordination',' ​ with Louphou Coulibaly



  ​Journal Articles

​Fiscal Stimulus under Sovereign Risk, with Pablo Ottonello and Ignacio Presno, May 2021 ​ 
          Forthcoming, Journal of Political Economy
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Macroprudential Policy with Leakages, with Julien Bengui 
         Journal of International Economics

​The Prudential Use of Capital Controls and Foreign Currency Reserves,  with Guido Lorenzoni    [Slides]   ​     [link published]
      V Handbook of International Economics              
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Banks, Liquidity Management and Monetary Policy,  with Saki Bigio
​         Econometrica, 2022  

Monetary Independence and Rollover Crises, with Jorge Mondragon  [Slides]  
     Quarterly Journal of Economics, 2022
        The Region summary      
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A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature,  with Enrique Mendoza,  ​
        Review of Economic Dynamics, 2020 

 Exchange Rate Policies at the Zero Lower Bound, with Manuel Amador, Luigi Bocola, and Fabrizio Perri  
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Review of Economic Studies,  2020  (Featured Article)       Older working paper
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Financial Safety Nets, with Julien Bengui and Louphou Coulibaly   
      International Economic Review, 2019
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The Region summary
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International Reserves and Rollover Risk,  with Juan Carlos Hatchondo and Leonardo Martinez​
      American Economic Review, 2018  

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Optimal Time-Consistent Macroprudential Policy,  with Enrique Mendoza  
     Journal of Political Economy, 2018

Efficient Bailouts?   
    American Economic Review, 2016  (Lead Article)
    The Region summary

Reverse Speculative Attacks, with Manuel Amador, Luigi Bocola, and Fabrizio Perri      
    Journal of Economics, Dynamics and Control, 2016   
   The Region summary     [Code]

Fundamentals News, Global Liquidity and Macroprudential Policy, with Chenxin Liu and Enrique Mendoza
    Journal of International Economics, 2016

Macro-prudential Policy in a Fisherian Model of Financial Innovation, with Emine Boz and Enrique Mendoza    
    IMF Economic Review, 2012        

Overborrowing and Systemic Externalities in the Business Cycle
    American Economic Review,  2011   [Appendix] [Matlab Code] 
   
Credit Externalities: Macroeconomic Effects and Policy Implications
    American Economic Review, Papers and Proceedings,  2010

Other Publications
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Comment on `Macroeconomic Volatility and External Imbalances',  by Alessandra Fogli  and Fabrizio Perri
    Journal of Monetary Economics, March 2015
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Comment on 'The Risk Channel of Monetary Policy', by Oliver de Groot
    International Journal of Central Banking, June 2014
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Comment on `Capital Account Policies and the Real Exchange Rate', by Olivier Jeanne
    NBER International Seminar on Macroeconomics, August 2012

 

Other Writings:
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Understanding the Russian Debt Default Dilemma , Minneapolis Fed, March 2022
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The economic models come to Moscow, Minneapolis Fed, March 2022

Interview with Study Center Gerzensee,   September 2021

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Spanish:


Austerity vs. Stimulus Dilemma,  Economia y Mercado,  October 2021 
 

Rollover Crises, Economia y Mercado,  January 2019   

International Reserves,  Economia y Mercado, August 2012    

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