Access Statistics for Michael Kumhof

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Working Paper File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks 0 0 0 280 2 2 6 746
A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks 0 0 0 268 0 0 4 814
A Fiscal Theory of the Currency Risk Premium and of Sterilized Intervention 0 0 1 75 4 4 13 240
A Party without a Hangover? On the Effects of U.S. Government Deficits 0 0 0 17 6 11 21 129
A Party without a Hangover? On the Effects of U.S. Government Deficits 0 0 0 189 3 3 11 404
A Quantative Exploration of the Role of Short-Term Domestic Debit in Balance of Payments Crises 0 0 0 94 0 0 9 465
A Rational Expectations Model of Optimal Inflation Inertia 0 0 0 171 3 6 15 696
An Economy in Transition and DSGE: What the Czech National Bank's New Projection Model Needs 0 0 0 237 1 3 9 554
Balance of Payments Anti-Crises 0 0 0 80 3 4 9 186
Balance of Payments Crises Under Inflation Targeting 0 0 0 145 0 0 7 391
Balance of Payments Crises Under Inflation Targeting 0 0 0 206 1 3 13 854
Balance of Payments Crisis: The Role of Short-Term Debt 0 0 0 559 5 7 22 2,164
Banks are not intermediaries of loanable funds – and why this matters 0 2 6 444 2 15 63 1,034
Banks are not intermediaries of loanable funds — facts, theory and evidence 0 3 9 274 8 18 51 713
Banks in The Global Integrated Monetary and Fiscal Model 2 2 3 108 5 6 17 210
Banks, Money, and the Zero Lower Bound on Deposit Rates 0 0 0 32 3 5 15 83
Banks, money and the zero lower bound on deposit rates 0 1 2 130 1 4 25 220
Budget Consolidation: Short-Term Pain and Long-Term Gain 0 1 1 99 1 2 4 217
CBDC Policies in Open Economies 0 0 1 19 2 6 12 36
CBDC Policies in Open Economies 0 0 0 17 4 7 18 46
CBDC Policies in Open Economies 0 0 0 8 2 3 13 36
CBDC policies in open economies 0 0 0 63 4 9 21 111
Central Bank Money: Liability, Asset, or Equity of the Nation? 0 1 6 196 4 10 25 445
Central bank digital currencies - design principles and balance sheet implications 0 1 10 308 4 15 57 658
Chile’s Structural Fiscal Surplus Rule: A Model-Based Evaluation 0 0 2 109 2 3 15 309
Chile’s Structural Fiscal Surplus Rule: a Model – Based Evaluation 0 1 2 54 2 4 18 219
Deep Reinforcement Learning in a Monetary Model 0 0 5 85 5 9 46 249
Effects of Fiscal Stimulus in Structural Models 0 0 4 445 2 5 20 1,039
Financial Crises in DSGE Models: A Prototype Model 0 0 1 366 3 6 23 537
Financial Crises in DSGE Models: Selected Applications of MAPMOD 0 0 0 236 1 6 18 325
Fiscal Crisis Resolution: Taxation Versus Inflation 0 0 1 193 2 4 8 767
Fiscal Crisis Resolution: Taxation versus Inflation 0 0 0 30 4 6 14 240
Fiscal Deficits and Current Account Deficits 0 0 1 210 3 6 11 437
Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits 0 0 0 129 0 1 12 321
Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model 0 0 6 188 9 21 68 606
Government Debt: A Key Role in Financial Intermediation 0 0 0 256 2 3 24 872
How Does International Capital Flow? 0 0 1 20 3 4 14 37
How Does International Capital Flow? 0 0 1 24 1 4 29 94
How does international capital flow? 0 0 0 62 4 5 16 177
How does international capital flow? 0 1 1 51 4 12 25 151
Income Inequality and Current Account Imbalances 0 0 0 261 3 8 17 606
Inequality, Leverage and Crises 0 0 0 119 1 5 14 438
Inequality, Leverage and Crises 0 0 0 0 1 4 20 413
Inequality, Leverage and Crises 0 0 2 240 3 4 19 705
Inequality, Leverage and Crises: The Case of Endogenous Default 0 1 1 145 2 13 22 380
Inequality, Leverage, and Crises 0 0 0 0 1 2 12 33
Inequality, Leverage, and Crises 0 0 0 0 1 3 12 111
Inflation Inertia and Credible Disinflation - The Open Economy Case 0 0 1 203 2 4 91 621
Inflation Inertia- THe Role of Multiple, Interacting Pricing Rigidities 0 0 0 16 1 1 7 106
Inflation Targeting Versus Joining a Monetary Union: An Assessment of the Potential Benefits and Costs Using a DSGE Model 0 0 0 0 2 3 6 257
Inflation Targeting and Exchange Rate Flexibility 0 0 0 441 2 3 9 1,236
International Capital Mobility in Emerging Markets: New Evidence from Daily Data 0 0 0 204 1 5 12 784
International Currency Portfolios 0 0 0 13 2 2 10 65
International Currency Portfolios 0 0 0 15 1 3 15 71
Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints 0 0 0 133 1 2 11 232
Levarging inequality 0 0 0 0 2 4 7 184
Measures of Potential Output from an Estimated DSGE Model of the United States 0 0 0 249 2 2 5 606
Monetary Policy in an Equilibrium Portfolio Balance Model 0 0 0 98 2 4 9 302
Monetary Policy in an Equilibrium Portfolio Balance Model 0 0 0 152 2 5 17 492
Multi-Sectoral Cascading and Price Dynamics - A Bayesian Econometric Evaluation 0 0 0 63 0 4 6 280
Nominal Exchange Rate Anchoring Under Inflation Inertia 0 0 0 100 2 2 6 332
Oil and the World Economy: Some Possible Futures 0 0 0 58 2 2 6 216
On the Benefits of Exchange Rate Flexibility under Endogenous Tradedness of Goods 0 0 0 104 4 7 18 897
On the Benefits of Exchange Rate Flexibility under Endogenous Tradedness of Goods 0 0 0 0 1 2 10 11
Politically Optimal Fiscal Policy 0 0 0 152 0 0 2 259
Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land 0 2 6 20 7 13 32 84
Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land 0 2 11 48 4 20 82 210
Pricing Policies and Inflation Inertia 0 0 0 117 2 5 11 612
Pricing Policies and Inflation Inertia 0 0 0 119 4 5 8 409
Quantitative Easing and Quantitative Tightening: The Money Channel 0 0 3 4 6 11 25 30
Quantitative easing and quantitative tightening: the money channel 0 1 8 25 2 8 35 62
Risky Bank Lending and Optimal Capital Adequacy Regulation 0 0 0 250 1 1 7 508
Simple Monetary Rules Under Fiscal Dominance 0 0 0 76 3 9 15 191
Simple Monetary Rules under Fiscal Dominance 0 0 0 139 2 2 9 339
Simple monetary rules under fiscal dominance 0 0 0 110 2 3 20 328
Simple, Implementable Fiscal Policy Rules 0 0 0 159 4 4 10 331
Sterilization of Short-Term Capital Inflows - Through Lower Interest Rates ? 0 0 0 278 3 8 19 995
The Benefits of International Policy Coordination Revisited 0 0 1 74 1 1 7 279
The Case for Global Fiscal Stimulus 0 0 0 2 2 3 8 26
The Chicago Plan Revisited 0 1 3 205 15 38 91 605
The Chicago Plan Revisited 0 0 4 176 6 33 123 907
The Future of Oil: Geology Versus Technology 0 0 0 238 1 2 9 533
The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure 0 1 2 289 5 9 30 833
The macroeconomics of central bank issued digital currencies 3 7 14 369 12 23 72 1,376
To Starve or Not to Starve the Beast? 0 0 0 77 2 3 8 247
Too much of a good thing? on the effects of limiting foreign reserve accumulation 0 0 0 77 2 2 9 166
Towards a new monetary theory of exchange rate determination 0 0 1 89 3 4 22 181
Unequal = Indebted 0 0 0 0 1 1 2 67
Unequal = Indebted 0 0 0 0 1 1 3 18
Wage Moderation in Crises: Policy Considerations and Applications to the Euro Area 0 0 0 53 1 2 11 132
Total Working Papers 5 28 121 12,237 248 547 1,852 36,938
1 registered items for which data could not be found


Journal Article File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
A quantitative exploration of the role of short-term domestic debt in balance of payments crises 0 0 0 28 2 2 13 114
Balance of payments crises under inflation targeting 0 0 0 107 0 0 12 359
Balance-of-payments anti-crises 0 0 0 19 2 3 11 132
Banks, money, and the zero lower bound on deposit rates 0 0 1 30 2 7 14 74
Central bank digital currencies — Design principles for financial stability 3 4 19 139 14 23 95 372
Chile’s Structural Fiscal Surplus Rule: a Model-Based Evaluation 0 0 0 50 2 2 11 177
Deficit reduction: Short-term pain for long-term gain 0 0 1 111 2 5 11 395
Effects of Fiscal Stimulus in Structural Models 1 3 12 633 4 17 65 1,889
Fiscal deficits and current account deficits 0 0 4 122 2 5 23 522
Global effects of fiscal stimulus during the crisis 0 0 1 124 2 3 9 366
Government Debt Bias 0 0 1 31 4 6 14 134
Inequality, Leverage, and Crises 0 0 4 227 3 7 31 804
Inflation inertia and credible disinflation 0 0 0 56 2 3 8 174
International Capital Mobility in Emerging Markets: New Evidence from Daily Data 0 0 0 0 1 3 8 14
Jointly optimal monetary and fiscal policy rules under liquidity constraints 0 0 0 218 2 2 9 589
On the theory of international currency portfolios 0 0 0 22 1 3 8 122
On the theory of sterilized foreign exchange intervention 0 0 1 204 1 3 17 486
Optimal price setting and inflation inertia in a rational expectations model 0 0 1 117 2 2 9 538
Optimal price setting and inflation inertia in a rational expectations model 0 0 0 57 3 12 17 257
PRICING POLICIES AND INFLATION DYNAMICS 0 0 0 25 3 3 11 82
Policies to Rebalance the Global Economy After the Financial Crisis 0 0 0 67 0 1 4 193
Risky bank lending and countercyclical capital buffers 0 0 5 288 0 23 73 679
Simple Monetary Rules under Fiscal Dominance 0 0 2 12 3 7 21 50
Simple Monetary Rules under Fiscal Dominance 0 0 0 85 1 1 9 283
Simple fiscal policy rules for small open economies 0 1 1 102 3 7 17 298
Sterilization of short-term capital inflows--through lower interest rates? 0 0 0 84 1 5 12 243
The future of oil: Geology versus technology 1 1 2 57 2 5 20 266
The macroeconomics of central bank digital currencies 3 8 28 133 16 37 123 386
To starve or not to starve the beast? 0 0 0 19 5 7 16 153
Trade Openness and Exchange Rate Regimes 0 0 0 36 2 3 4 275
Total Journal Articles 8 17 83 3,203 87 207 695 10,426


Chapter File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
A Critical View of Inflation Targeting: Crises, Limited Sustaintability, and Aggregate Shocks 0 0 0 28 2 2 15 148
Total Chapters 0 0 0 28 2 2 15 148


Statistics updated 2026-05-06