Department
of Economics, KMC 7-83
Stern
Phone: (212) 998-0886 (office)
(212)
995-4218 (fax)
(212)
431-1574 (home)
E-Mail: nroubini@stern.nyu.edu
Web Home Page: http://www.stern.nyu.edu/~nroubini
Roubini’s Global Macro web site: http://www.stern.nyu.edu/globalmacro/
EDUCATION:
Ph.D.
Economics, June 1988. Fields of
specialization: international economics and macroeconomics.
Universita' L. Bocconi, Milan, Italy, 1977 -1982
Laurea in Economia Politica, summa cum laude
(B.A. Economics), 1982.
One-year program of undergraduate studies.
CURRENT POSITIONS AND ACTIVITIES:
Associate Professor, July 1995 - present, Departments
of Economics and International Business, Stern School of Business, New York
University, New York, NY
Fields of research: international macroeconomics and
finance; macroeconomics and fiscal policy; political economy; growth theory;
European monetary issues. Director of Graduate Studies for Stern’s Ph.D.
program in Economics.
Research Fellow 1998 – present (Faculty Research
Fellow, 1988 – 1998), National Bureau of Economic Research,
Research Fellow, 1991 - present, Centre for Economic
Policy Research, London, UK
Co-Organizer of the Summer Institute meeting of the
International Finance and Macroeconomics Group, National Bureau of Economic
Research 2003-present.
Member, Bretton Woods
Committee, 2003-present
Member, Council on Foreign
Relation’s Roundtable on the International Economy, 2002-present,
Participant and speaker in a series of ongoing meetings
with G-20 Deputy Finance Ministers and Central Bank Governors meetings
(Washington DC, July 2001; Toronto, Canada, November 2001; London, UK, July
2003).
Member, Academic Advisory Committee, Fiscal Affairs Department,
International Monetary Fund; 2002-present.
International Monetary Fund,
Creator, Editor and Manager of the Roubini’s
Global Macroeconomic and Financial Policy web site: http://www.stern.nyu.edu/globalmacro/
1997- present (ranked as the #1 web site in the world in economics
by The Economist Magazine).
AWARDS:
- “Professor of the Year
1997-1998”, Stern
- National Fellow,
- Social
Science Dissertation Fellowship, Harvard University, 1985-86.
- Doctoral
Fellowship, Fondazione L. Einaudi,
Turin, Italy, 1983-85.
- Best Student in International Economics, Economics
Department,
- "Dignity for Publication of the Thesis," Universita' L. Bocconi, 1982 for
Honors Thesis.
PREVIOUS ACADEMIC AND PROFESSIONAL
POSITIONS:
July
1999 – June 2000:
Director,
Office of Policy Development and Review (PDR), October 1999 – June 2000
Senior Advisor to the Under Secretary for International
Affairs, July 1999 – October 1999
July 1998 – June 1999:
Senior Economist for International Affairs,
White House Council of Economic Advisers,
Fall 2003:
International Monetary Fund,
January-March
2002:
International Monetary Fund,
July-August 2001:
International Monetary Fund,
July
2000 – June 2000:
Advisor, Office of the Under-Secretary for
International Affairs,
July 1993 - June 1995:
Associate Professor, Department of Economics,
July 1988 - July 1993:
Assistant Professor, Department of Economics,
1995 – 2000:
Associate Editor, Journal of Development Economics
1997-2001:
Associate Editor, Journal of International Economics
June 1996:
Bank of
March
1995:
Board of Governors of the Federal Reserve System,
Visiting Economist, International Finance
Department.
August
1994:
International Monetary Fund,
November -
December 1993:
International Monetary Fund,
August
1993:
International Monetary Fund,
1994 –
1997:
External Consultant, Private Sector Development
Department, World Bank,
July 1991 -
August 1992:
March 1986
- July 1988:
National Bureau of Economic
Research,
August
1987 - August 1988:
The United Nations' University,
Consultant, World Institute for Development of Economic Research.
August -
September 1987:
International Monetary Fund,
June -
August 1985:
International Monetary Fund,
Summer Intern, External Finance Division of the Exchange
and Trade Relations Department.
1984 -
1988:
December
1982 - August 1983:
Universita' L. Bocconi,
Lecturer and Research Associate, Department of Economics.
PAPERS AND PUBLICATIONS
Books (published and forthcoming):
“Bailouts
or Bail-ins? Responding to Financial Crises in Emerging Economies (with Brad Setser);
forthcoming in August 2004 by the Institute for International Economics,
Political
Cycles and the Macroeconomy (with Alberto Alesina and the help of
Gerald Cohen)
“Cicli Politici
e la Macroeconomia” (with Alberto Alesina); this is the Italian translation with
new and additional update of Political
Cycles and the Macroeconomy
Co-editor
(with Marc Uzan) of a two-volume book International Financial Crises and the New
International Financial Architecture”; to be published by Edward
Elgar Publishing, fall 2004.
Current Work in
Progress and Submitted Papers:
“International
Lending of Last Resort Moral Hazard: A Model of IMF’s
Catalytic Finance” (with Giancarlo Corsetti and Bernardo Guimares),
NBER WP. No. 10125, December 2003; latest draft: March 2004.
“ Exchange Rate
Overshooting and the Cost of Floating” (with Fabrizio
Perri, Michele Cavallo and
Kate Kisselev); latest draft: April 2004.
“Predicting
Sovereign Debt Crises” (with Paolo Manasse, and
Axel Schimmelpfennig; IMF WP November 2003; latest
draft: April 2004.
“The IMF Catalytic Finance
Approach: Theory and Empirical Evidence,” (with Giancarlo Corsetti),
first draft June 2004; presented at the Dubrovnik Economic Conference, June
2004.
“Rules of Thumb for Sovereign
Debt Crises: a CART (Classification and Regression Tree) Approach,” (with Paolo
Manasse), first draft, July 2004.
“Debt Standstill as Solutions
to Sovereign Debt Crises: A Global Games Approach,” (with Giancarlo Corsetti), August 2004, work in progress, Stern School of
Business.
“Twin Deficit or Twin Divergence? Fiscal Policy, Current Account and the Real Exchange Rate in the US” (with Soyoung Kim), revised April 2004.
“The Effect of the Recent Oil Price Shock on the US and Global Economy,” (with Brad Setser) first draft, August 2004. (http://www.stern.nyu.edu/globalmacro/OilShockRoubiniSetser.pdf)
“The U.S. Twin Deficits and
External Debt Accumulation: Are They Sustainable?,” (with Brad Setser), work in progress, August 2004.
“Fiscal Policy and Debt
Sustainability in
“The Balance
Sheet Approach to Financial Crises” (with Brad Setser,
Christian Keller and Christoph Rosenberg), IMF WP,
October 2002.
“A Balance Sheet Crisis in India?” (with
Richard Hemming) March 2004; forthcoming in P. Heller (editor) Fiscal Policy in India, Oxford
University Press, 2005.
“Debt Dynamics and Debt Sustainability in Columbia”, September 2002 (with Maria Angelica Arbelaez);
to be published in 2005 in James Poterba editor “Fiscal
Policy, Taxes and Public Debt in
"Improving
the Sovereign Debt Restructuring Process: Problems in Restructuring, Proposed
Solutions, and a Roadmap for Reform" (with Brad Setser)
revised Sept 2003.
“Mechanisms for an orderly restructuring of sovereign debt: The SDRM and other alternative (market-based) mechanisms”, February 2002.
"Should Iraq dollarize, adopt a currency board or let its currency float? A policy analysis," (with Brad Setser), May, 2003.
“Debt Sustainability: Theory and Application” February 2002.
“Factors to be Considered in Assessing a Country’s Readiness for Dollarization”, December 2001.
Publications in
Journals:
"The
Reform of the Sovereign Debt Restructuring Process: Problems, Proposed
Solutions and the Argentine Episode” (with Brad Setser); Journal of
Restructuring Finance, 2004, Vol.1, No.1.
“Do We Need a New
International Bankruptcy Regime? A Discussion Paper” Brookings Panel on
Economic Activity, Fall 2002.
“Asian Economic Recovery: Is
It Sustainable?”
Discussion of Guillermo Calvo and Carmen Reinhart “Fixing for Life”; Brookings
Trade Forum, 2001.
“Trade and Contagious
Devaluations: A Welfare-Based Approach” (with
Giancarlo Corsetti, Paolo Pesenti
and Cedric Tille), Journal of International Economics, 2000.
“What
Caused the Asian Currency and Financial Crisis?” (Part 1; Part 2) (with
Giancarlo Corsetti and Paolo Pesenti),
“Paper Tigers?
A Model of the Asian Crisis,” (with Giancarlo Corsetti
and Paolo Pesenti), European Economic Review, July 1999.
"Liquidity and Exchange Rates in the G-7 Countries: Evidence
from Identified VAR's," (with Soyoung Kim),
"On
the Taxation of Human and Physical Capital in Models of Endogenous
Growth," (with Gian Maria Milesi-Ferretti),
Journal of Public Economics, 1999.
"Growth
Effects of Income and Consumption Taxes: Positive and Normative Analysis,"
(with Gian Maria Milesi-Ferretti),
Journal of Money, Credit and Banking,
1998.
"Politically
Motivated Fiscal Deficits: Policy Issues in Closed and Open Economies,"
(with Giancarlo Corsetti), Economics and Politics, March 1997.
"Political
Instability and Economic Growth," (with Alberto Alesina,
Sule Ozler and Philip Swagel), Journal of
Economic Growth, June 1996.
"Liquidity
Models in the Open Economy: Theory and Empirical Evidence," (with Vittorio Grilli), European Economic Review, April 1996.
"European
versus American Perspectives on Fiscal Rules" (with Giancarlo Corsetti) American
Economic Review, Papers and Proceedings, May 1996.
"Budget
Deficits, Public Sector Solvency and Political Biases in Fiscal Policy: A Case
Study of
"A
Growth Model of Inflation, Tax Evasion and Financial Repression," (with
Xavier Sala-i-Martin), Journal of Monetary Economics, April 1995.
"Liquidity,
Capital Controls and Exchange Rates," (with Vittorio
Grilli), Journal
of International Money and Finance, 1993.
"Electoral
Business Cycle in Industrial Economies," (with Alberto Alesina
and Gerald Cohen), European Journal of
Political Economy, 1993.
"Excessive
Deficits: Sense and Nonsense in the Treaty of
"Political
Cycles in OECD Economies," (with Alberto Alesina),
Review of Economic Studies, October
1992.
"Liquidity
and Exchange Rates," (with Vittorio Grilli) Journal of
International Economics, June 1992.
"Financial
Repression and Economic Growth" (with Xavier Sala-i-Martin),
Journal of Development Economics,
Vol.39, 1992.
"Macroeconomic
Policy and Elections in OECD Economies," (with A. Alesina
and G. Cohen), Economics and Politics,
March 1992.
"Dynamic
Strategic Monetary Policies and Coordination in Interdependent Economies: A Comment," (with Alain de Combrugghe and Jeffrey Sachs), American Economic Review, December 1991.
"Fiscal
Deficits, Public Debt and Government Solvency: Evidence from OECD Countries,"
(with Giancarlo Corsetti), Journal of Japanese and International Economies, December 1991.
"Leadership
and Cooperation in the European Monetary System: A Simulation Approach," Journal of Policy Modeling, April 1991.
"Economic
and Political Determinants of Budget Deficits in Developing Countries," Journal of International Money and Finance,
March 1991.
"Political
and Economic Determinants of Budget Deficits in the Industrial
Democracies," (with Jeffrey Sachs), European
Economic Review, May 1989.
Government
Spending and Budget Deficits in the Industrial Democracies," (with Jeffrey
Sachs) Economic Policy, No. 8,
Spring 1989.
"High
Public Debt: The Italian Experience. A
Review Essay," Journal of Monetary
Economics, November 1989.
"Riflessioni sugli Aspetti Fiscali del Trattato di
"Deficit Eccessivi: La Logica del
Trattato di Maastricht," (with Willem Buiter and Giancarlo Corsetti), Rivista di Politica Economica, 1993.
Other Publications:
“Private Sector
Involvement in Crisis Resolution and
Mechanisms for Dealing with Sovereign Debt Problems” in A. Haldane (editor) in Fixing
Financial Crises in the Twenty-First Century, Routledge
Publishers, 2004.
“Bail-In, Burden-Sharing and Private Sector
Involvement (PSI) in Crisis Resolution: The Open Policy Issues” in Latin
Finance, Spring 2002.
“The Role of Industrial Country
Policies in Emerging Market Crises,” (with Jeffrey Frankel); in M.
Feldstein (ed.) Economic and Financial Crises in Emerging Market Economies,
volume published by NBER and Chicago University Press, 2002.
“The Role of Large Players in Currency
Crises,” (with Giancarlo Corsetti and Paolo Pesenti); in S.Edwards and J.
Frankel (eds.) Currency Crises in Emerging Markets: Crisis Prevention, volume
published by NBER and Chicago University Press, 2002.
“Bail-ins, Bailouts, Burden
Sharing and Private Sector Involvement in Crisis Resolution: The G-7 Framework
and Some Suggestions on the Open Unresolved Issues”; in (editor
Miguel Sebastian) Ensayos sobre
"Fundamental
determinants of the Asian Crisis. The role of financial fragility and external
imbalances" (with G. Corsetti and P. Pesenti), in Takatoshi Ito and
Anne O. Krueger (eds.), Regional and
Global Capital Flows: Macroeconomic Causes and Consequences,
"The Asian Crisis:
An Overview of the Empirical Evidence and Policy Debate" (with G. Corsetti and P. Pesenti),
forthcoming in Pierre Richard Agenor, Marcus Miller,
David Vines and Axel Weber (eds.) Financial
Crises: Causes, Contagion and Consequences, Cambridge, U.K.: Cambridge
University Press, 1999.
"Current Account Sustainability in
Transition Economies," (with Paul Wachtel),
"Political
Biases in Fiscal Policy: Reconsidering the Case for the Maastricht Fiscal
Criteria," (with Giancarlo Corsetti),in Monetary and Fiscal Policy in an Integrated
Europe, Barry Eichengreen and Jeffry
Frieden (eds.), Springer Verlag,
1995.
"La Questione Fiscale nell"Europa
di Maastricht", in A. Verde (ed.) Riforme
Fiscali in Italia, 1996.
"Political Cycles in OECD
Economies," (with Alberto Alesina) in T. Persson and G. Tabellini (eds.) Monetary and Fiscal Policy. Volume
2: Politics, MIT Press, 1994; originally published in Review of Economic Studies, October
1992.
"Macroeconomic
Policy and Elections in OECD Economies," (with A. Alesina
and G. Cohen), in Political Economy,
Growth and Business Cycles, Alex Cukierman, Zvi Hercovitz and Leonardo Leiderman (eds.), M.I.T. Press, 1992; originally published
in Economics and Politics, March
1992.
"The
Design of Optimal Fiscal Rules for Europe after 1992," (with Giancarlo Corsetti), in Adjustment
and Growth in the European Monetary Union, Francisco Torres and Francesco Giavazzi (eds.), Cambridge University Press, 1993.
"Capital
Mobility, Vehicle Currencies and Exchange Rate Asymmetries in the EMS,"
(with Vittorio Grilli); in Financial Markets Liberalization and the
Role of Banks, Vittorio Conti and Rony Hamaui (eds.), Cambridge
University Press, 1992.
"Financial
Liberalization and Exchange Rate Volatility," (with Vittorio
Grilli); in Financial
Markets Liberalization and the Role of Banks, Vittorio
Conti and Rony Hamaui
(eds.), Cambridge University Press, 1992.
"A
Model of the Monetary Transmission in the World Economy," (with Vittorio Grilli); in Macroeconomics and Macroeconomic Policy
Issues, Thomas Mayer and Franco Spinelli (eds.), Avebury Press, 1991.
"The
Interactions between Macroeconomic Performance and Political Structures and
Institutions: The Political Economy of
Poverty, Growth and Development," background paper for the 1990 World Development Report of the
World Bank, Yale University, February 1990.
"Sources
of Macroeconomic Imbalances in the World Economy: A Simulation Approach," (with Jeffrey
Sachs), in Y. Suzuki and M. Okabe (eds.), Towards
a World of Economic Stability: Optimal
Monetary Framework and Policy,
"Correcting Global Imbalances: A Simulation Approach," (with Jeffrey
Sachs and
"Mobilita' dei Capitali, Valute di
Transazione e Asimmetrie dei Tassi di Cambio nello SME" (with Vittorio
Grilli) in Vittorio Conti and Rony Hamaui (eds.) Operatori e Mercati nel Processo di Liberalizzazione Il Mulino Editore, 1991.
"Liberalizzazione Finanziaria e
Volatilita' dei Cambi" (with Vittorio Grilli) in Vittorio Conti and Rony
Hamaui (eds.) Operatori e Mercati nel Processo
di Liberalizzazione Il Mulino Editore, 1991.
Other Working Papers:
“Bail-In, Burden-Sharing, Private Sector Involvement
(PSI) in Crisis Resolution and Constructive Engagement of the Private Sector. A
Primer: Evolving Definitions, Doctrine, Practice and Case Law,” September 2000.
The Appropriate Exchange Rate
Regime for Emerging Market Economies: A Discussion of the Open Issues,” April
2001.
“The
Role of Hedge Funds and Highly Leveraged Institutions in Market Dynamics,
Volatility and Manipulation: A Survey of the Theory and Empirical Evidence”, September 1999.
“The Case
Against Currency Boards: Debunking 10 Myths about the Benefits of Currency
Boards,” February 1998.
"Tax Certificates as an Alternative to Distortionary
Taxation," (with Giancarlo Corsetti),
"Fiscal
Costs and Economic Benefits of Alternative Social Security Reform Proposals in
the
"Optimal
Government Spending and Taxation in Endogenous Growth Models," (with
Giancarlo Corsetti), NBER Working Paper No. 5851, December 1996.
"Economic
and Political Determinants of Inflation Rates: An Empirical Investigation Using
a Panel Data Set," (with Sule Ozler), June 1996; revised April 1998.
"Taxation
and Endogenous Growth in Open Economies," (with Gian
Maria Milesi-Ferretti), NBER Working Paper No.4881, October 1994; revised August 1995.
"The
Economics of Fiscal Bondage: The Balanced Budget Amendment and Other Binding
Fiscal Rules,"
"Liquidity and Exchange Rates: Puzzling Evidence from the G-7
Countries," (with Vittorio
Grilli), February 1995.
"Growth
Effects of Income and Consumption Taxes: Positive and Normative Analysis,"
(with Gian Maria Milesi-Ferretti),
NBER Working Paper No. 5317, October
1995; a revised version accepted for publication in Journal of Money, Credit and Banking.
"Financial
Intermediation and Monetary Policies in the World Economy," (with Vittorio Grilli), NBER
Technical Working Paper No. 104, May 1991; also CEPR Discussion Paper No.566.
"The
Relation between Trade Regime, Financial Development and Economic Growth"
(with Xavier Sala-i-Martin), NBER Working Paper, November 1991.
"Exchange Rate Volatility in Integrating Capital
Markets," (with Giancarlo Corsetti and Vittorio Grilli), mimeo,
"A Model of Exchange Rate Asymmetries in the European
Monetary System," (with Vittorio Grilli), mimeo,
"Financial
Integration, Liquidity and Exchange Rates," (with Vittorio
Grilli), NBER
Working Paper No. 3088, August 1989.
"World Foreign Exchange Markets: A Primer," (with Marco Arcelli Fontana, Gabriel de Kock,
Vittorio Grilli and Marco Pasinelli), mimeo,
"Current
Account and Budget Deficits in an Intertemporal Model
of Consumption and Taxation Smoothing: A
Solution to the Feldstein-Horioka
'Puzzle'?," NBER Working Paper No. 2773, November 1988.
"Current
Account and Budget Deficits with Non-Ricardian
Consumers,"
"Sterilization
and Offset under Fixed Exchange Rates with an Optimizing Central Bank," NBER Working Paper No. 2777, November
1988.
"Stackelberg Leadership in Dynamic International Monetary
Policy Games," (with A. de Combrugghe and J.
Sachs), March 1990.
"Dynamic
Optimization in Two-Party Models," with J. Sachs and
"Solution
of the Time Consistent Stackelberg Feedback
Equilibrium in Linear-Quadratic Dynamic Noncooperative
Games," (with Alain de Combrugghe and Jeffrey
Sachs), December 1987.
"Strategic
Policy Interactions in a Three-Country Model," unpublished,
"The
Origins and Causes of External Debt Servicing Difficulties in Developing
Countries: The Case of 36 Market
Borrower Countries," International Monetary Fund, August 1985.
Referee Work:
American Economic Review; Journal of Political Economy;
Journal of Monetary Economics; Journal of Economic Theory; Journal of
International Economics; Quarterly Journal of Economics; International Economic
Review; Economic Journal; European Economic Review; Review of Economic Studies;
Economics and Politics; Journal of Development Economics; Journal of Economic
Growth; Journal of International Money and Finance; Economic Inquiry; Review of
Economics and Statistics; Journal of Economic Literature; Japan and the World
Economy.
Seminars:
Harvard
University (1993, 1994, 1995, 2000), MIT (1996), Princeton University (1995,
2002), Yale University (1988, 1989, 1991, 1994), Stanford University (1991), University
of Chicago (1993), New York University (2003, 1998, 1993, 1995, 1996),
University of Pennsylvania (1991, 1993), UCLA (1989, 1991), UC Berkeley (1988,
1992), Brown University (1989, 1994), University of Rochester (1993),
Northwestern University (1994), Duke University (1993, 1997), UC Santa Cruz
(1992), Arizona State University (1993), University of Michigan (1988), UC San
Diego (1988, 1991), Duke University (1993), Boston University (1991),
University of Maryland (1992), Dartmouth College (1993), Boston College (1993),
Federal Reserve Bank of New York (1994), Board of Governors of the Federal
Reserve System (1993, 1995), McGill University (1994), International Monetary
Fund (1993, 1994, 2001, 2002) University of Rome (1995), Universita'
Luigi Bocconi, Milan (1991, 1993), Universita' di Bologna (1992),
Institute for International Studies, Geneva (1992), Bank of Israel (1996), Indira Ghandi Institute for
Development Research (Bombay, India, 1992).
Conference presentations:
Meetings of CEPR group in International Macroeconomics (ESSIM) (Athens, Greece, 2003; Jerusalem, Israel, 2002; Athens, Greece, 1997; Tarragona, Spain, 1996; Sesimbra, Portugal 1992); American Economic Association Meetings (Washington, DC 2002, New Orleans, 2001, San Francisco CA, 1996, Washington DC, 1995); European Economic Association Meetings (Prague, Czech Republic, 1995); Meetings of the NBER Group in International Macroeconomics (Cambridge MA, 1992, 1993, 1995, 1996, 1997, 1999, 2001, 2002, 2003); Federal Reserve Bank of Dallas conference on Sovereign Debt in the 21st Century, November 2003; IMF-World Bank Annual meetings, Dubai, United Arab Emirates, September 2003; IADB Annual Meetings, Fortaleza, Brazil, March 2002; Brookings Panel on Economic Activity, April 2002; Bank of England conference on Sovereign Debt Restructuring, July 2002; Meetings of the research group on Fiscal Issues in Colombia; MIT, Cambridge in April 2002 and in Atlanta, GA in November 2002; LACEA annual conference (Madrid, Spain, October 2002, Peubla, Mexico, October 2003); NBER Conference on Currency Crisis Prevention, January 2001; NBER Conference on Malaysian Currency Crisis, February 2001; NBER Conference on Currency Crises, March 2001. Monterey, CA; NBER IFM group spring meeting, March 2001, Cambridge, MA; Seminar on “Asian Economic and Currency Crisis”, April 2001, International Monetary Fund; Bank of Italy conference on Architecture Reform, Rome, Italy, June 2001; IADB conference on Latin American Financial Markets, February 2001, Washington, DC; American Enterprise Institute Seminar on Crisis Resolution, February 2001, Washington, DC; IMF Seminar on private sector involvement in crisis resolution, July 2001; Council on Foreign Relations workshop on crisis resolution, 2001, New York, NY; International Seminar in Macroeconomics (ISOM), Lisbon, Portugal, 1998; Meetings of the CEPR Group on Monetary Policy in Open Economies (Washington D.C., 1994, Bonn, Germany, 1995); NBER Monetary Propagation Mechanisms Meetings (Stanford CA, 1992, Arizona State University, 1993); CEPR Economic Policy Panel Meeting (London UK, 1992); Conference organized by the Review of Economic Dynamics and University of Rochester, (University of Rochester, 1997); Third Dubrovnik Conference on Transition Economies (Dubrovnik, Croatia 1997); Conference on Social Security Reforms in Latin America (Cancun, Mexico, 1997); South-Eastern Economic Association Meeting (Duke University, 1993); NBER Monetary Economics Meeting (Cambridge MA, 1993); NYU Conference on Productivity, Finance and Real Activity (New York NY, 1994); Georgetown-CEPR Conference on the New Transatlantic Economy (Washington D.C., 1994); NYU Conference on Political Economy (New York NY, 1994); CEPR-Banco de Portugal Conference on Economic and Monetary Union (Estoril, Portugal, 1992); Yrjo Jahnsson Symposium on the Finnish Economic Crisis of the 1990s (Sannas, Finland, 1995); Sapir Center Conference on International Capital Mobility and Development (Tel Aviv, Israel, 1991); Inter-American Seminar on Economics (Santiago, Chile, 1991); NBER-TCER Conference on Fiscal Policies in Open Macro Economies (Tokyo, Japan, 1991); Arizona State University Conference on Political Influences in International Economic Models (Tempe AZ, 1990).
Personal: Born in
Languages: English,
Italian, Hebrew, Farsi, conversational French.