Professeurs et Recherche

Teaching

master International Macroeconomics
Related programme
Master of Science (MSc) in Economics

bachelor International Money and Finance
Related programmes
Bachelor of Science (BSc) in Management
Bachelor (BSc) in Economic Sciences
Bachelor of Science (BSc) in Economics

Assistants

	Katja Bergonzoli katja.bergonzoli@unil.ch full description			Brendan Berthold brendan.berthold@unil.ch

	Andreas Breschan Andreas.Breschan@unil.ch			Sophie Büntemeyer Sophie.Buntemeyer@unil.ch

	Pauline Chikhani paulin.chikhani@unil.ch Tel: (021 692) 3677 Room: 130			Margaret Davenport margaret.davenport@unil.ch Tel: (021 692) 61 33 Room: NEF 501.1 full description

	Aleksandra Malova aleksandra.malova@unil.ch Tel: (021 692) 36 73 Room: NEF 556 full description			Giacomo Mangiante Giacomo.Mangiante@unil.ch Tel: (021 692) 36.69 Room: Nef 532 full description

	Pascal Meichtry pascal.meichtry@unil.ch Tel: (021 692) 36 96 Room: NEF 502 full description			Simon Tièche simon.tieche@unil.ch Tel: (021 692) 36 96 Room: NEF 502 full description

Publications

73 last publications ordered by: publication type - year

: Peer Reviewed

Articles

	Bacchetta P., Benhima K. ; Poilly C. (2019). Corporate Cash and Employment. American Economic Journal: Macroeconomics, 11, 30-66.

	Bacchetta Philippe, Benhima Kenza ; Kalantzis Yannick (2019). Money and Capital in a Persistent Liquidity Trap. Journal of Monetary Economics.

	Bacchetta Philippe, Benhima Kenza ; Poilly Céline (2019). Corporate Cash and Employment. American Economic Journal: Macroeconomics, 11, 30-66.

	Bacchetta P., Perazzi E. ; van Wincoop E. (2018). Self-fulfilling debt crises: What can monetary policy do?. Journal of International Economics, 110, 119-134.

	Bacchetta Philippe (2018). The sovereign money initiative in Switzerland: An economic assessment. Swiss Journal of Economics and Statistics, 3, 1-16.

	Bacchetta P. , van Wincoop E. (2016). The Great Recession : A Self-Fulfilling Global Panic. American Economic Journal: Macroeconomics, 8, 177-198.

	Bacchetta P. , Benhima K. (2015). The demand for liquid assets, corporate saving, and international capital flows. Journal of the European Economic Association, 13, 1101-1135.

	Bacchetta P., Benhima K ; Kalantzis Y. (2014). Optimal Exchange Rate Policy in a Growing Semi-Open Economy. IMF Economic Review, 62, 48-76.

	Bacchetta P., Benhima K. ; Kalantzis Y. (2013). Capital Controls with International Reserve Accumulation: Can this Be Optimal ?. American Economic Journal: Macroeconomics, 5, 229-262.

	Bacchetta P. , van Wincoop E. (2013). On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals. Journal of International Economics, 91, 18-26.

	Bacchetta P. , van Wincoop E. (2013). Sudden Spikes in Global Risk. Journal of International Economics, 89, 511-521.

	Bacchetta P., Tille C. ; van Wincoop E. (2012). Self-Fulfilling Risk Panics. American Economic Review, 102, 3674-3700.

	Bacchetta P. (2011). Exchange-Rate Dynamics, Martin D.D. Evans. Princeton University Press (2011). Journal of International Economics, 87, 112–113.

	Bacchetta P., Tille C. ; van Wincoop E. (2011). Regulating Asset Price Risk. American Economic Review, 101, 410-412.

	Bacchetta P. , van Wincoop E. (2010). Infrequent Portfolio Decisions: A Solution to the Forward Discount Puzzle. American Economic Review, 100, 870-904.

	Aghion P., Bacchetta P., Rancière R. ; Rogoff K. (2009). Exchange Rate Volatility and Productivity Growth: The Role of Financial Development. Journal of Monetary Economics, 56, 494-513.

	Bacchetta P., Mertens E. ; van Wincoop E. (2009). Predictability in Financial Markets: What Do Survey Expectations Tell Us?. Journal of International Money and Finance, 28, 406-426.

	Bacchetta P. , van Wincoop E. (2008). Higher Order Expectations in Asset Pricing. Journal of Money, Credit and Banking, 40, 837-866.

	Bacchetta P. , van Wincoop E. (2007). Random Walk Expectations and the Forward Discount Puzzle. American Economic Review, Papers and Proceedings, 97, 346-350.

	Bacchetta P. , van Wincoop E. (2006). Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?. American Economic Review, 96, 552-576.

	Bacchetta P. , van Wincoop E. (2005). A Theory of the Currency Denomination of International Trade. Journal of International Economics, 67, 295-319.

	Aghion P., Bacchetta P. ; Banerjee A. (2004). A Corporate Balance-Sheet Approach to Currency Crises. Journal of Economic Theory, 119, 6-30.

	Aghion P., Bacchetta P. ; Banerjee A. (2004). Financial Development and the Instability of Open Economies. Journal of Monetary Economics, 51, 1077-1106.

	Bacchetta P. , van Wincoop E. (2004). A Scapegoat Model of Exchange Rate Fluctuations. American Economic Review, Papers and Proceedings, 94, 114-118.

	Bacchetta P. , van Wincoop E. (2003). Why Do Consumer Prices React less than Import Prices to Exchange Rates?. Journal of the European Economic Association, Papers and Proceedings, 1, 662-670.

	Aghion P., Bacchetta P. ; Banerjee A. (2001). Currency crises and monetary policy in an economy with credit constraints. European Economic Review, 45, 1121-1150.

	Bacchetta P. (2001). Foreign Capital and Economic Transformations: Risks and Benefits of Free Capital Flows. The Economic Journal, 111, F160 - 161.

	Aghion P., Bacchetta P. ; Banerjee A. (2000). A Simple Model of Monetary Policy and Currency Crises. European Economic Review, Papers and Proceedings, 44, 728-738.

	Bacchetta P. (2000). Política monetaria con deuda denominada en moneda extranjera. Moneda y Crédito, 210, 69-105.

	Bacchetta P. (2000). Book review: International Capital Flows Martin Feldstein (ed.), The University of Chicago Press and National Bureau of Economic Research, 1999. Journal of International Economics, 53, 235–237.

	Bacchetta P. , Ballabriga F. (2000). The impact of monetary policy and banks' balance sheets: some international evidence. Applied Financial Economics, 10, 15-26.

	Bacchetta P. , Caminal R. (2000). Do Capital Market Imperfections Exacerbate Output Fluctuations?. European Economic Review, 44, 449-468.

	Bacchetta P. , Espinosa M. P. (2000). Exchange-of-Information Clauses in International Tax Treaties. International Tax and Public Finance, 7, 275-293.

	Bacchetta P. , van Wincoop E. (2000). Does Exchange Rate Stability Increase Trade and Welfare?. American Economic Review, 90, 1093-1109.

	Bacchetta P. , van Wincoop E. (2000). Trade in Nominal Assets and Net International Capital Flows. Journal of International Money and Finance, 19, 55-72.

	Bacchetta P. (1997). Exchange Rate Policy and Disinflation: The Spanish Experience in the ERM. The World Economy, 20, 221-238.

	Bacchetta P. , Dellas H. (1997). Firm Restructuring and the Optimal Speed of Trade Reform. Oxford Economic Papers, 49, 291-306.

	Bacchetta P. , Gerlach S. (1997). Consumption and Credit Constraints : International Evidence. Journal of Monetary Economics, 40, 207-238.

	Bacchetta P. (1996). Capital Controls and the Political Discount: The Spanish Experience in the late 1980s. Open Economies Review, 7, 349-369.

	Bacchetta P. , Espinosa M.P. (1995). Information Sharing and Tax Competition among Governments. Journal of International Economics, 39, 103-121.

	Bacchetta P. , Caminal R. (1994). A Note on Reserve Requirements and Public Finance. International Review of Economics and Finance, 3, 107-118.

	Bacchetta P. , Gerlach S. (1994). Sticky Import Prices and J-curves. Economics Letters, 44, 281-285.

	Bacchetta P. (1992). Fiscal Deficits, Capital Controls, and the Dual Exchange Rate. Revista Española de Economía, 9, 31-51.

	Bacchetta P. (1992). Liberalization of Capital Movements and of the Domestic Financial System. Economica, 59, 465-474.

	Bacchetta P. , Caminal R. (1992). Optimal Seigniorage and Financial Liberalization. Journal of International Money and Finance, 11, 518-538.

	Bacchetta P. (1990). Temporary Capital Controls in a Balance-of Payments Crisis. Journal of International Money and Finance, 9, 246-257.

	Feldstein M. , Bacchetta P. (1987). How Far Has the Dollar Fallen?. Business Economics, 22, 35-39.

Books

	(1997). Economic Policy in Switzerland. Palgrave Macmillan UK.

Book Sections

	Bacchetta P. , Benhima K. (2015). Corporate Saving in Global Rebalancing. Global Liquidity, Spillovers to Emerging Markets and Policy Responses (pp. 79-103). Central Bank of Chile, Santiago, Chile.

	Bacchetta P. (2012). Explaining Deviations from Uncovered Interest Parity. Handbook of Safeguarding Global Financial Stability: Political, Social, Cultural, and Economic Theories and Models (Vol. 2, pp. 209-212). Elsevier.

	Bacchetta P. , van Wincoop E. (2012). Modeling Exchange Rates with Incomplete Information. Handbook of Exchange Rates (pp. 375-390). Wiley, Chichester, UK.

	Bacchetta P. , Van Wincoop E. (2001). Trade Flows, Prices and the Exchange Rate Regime. Revisiting the Case for Flexible Exchange Rates (pp. 213-231). Bank of Canada Conference.

	Aghion P., Bacchetta P. ; Banerjee A. (2000). Capital Flows, Output Volatility, and Financial Crises in Emerging Markets. Governance, Equity and Global Markets - Proceedings of the Annual Bank Conference on Development Economics in Europe (pp. 573-578). Documentation Française.

	Bacchetta P. , van Wincoop E. (2000). Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility. Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies (pp. 61-98). The University of Chicago Press.

	Aghion P., Bacchetta P. ; Banerjee A. (1999). Financial Liberalization and Volatility in Emerging Market Economies (Published under the wrong title "Capital Markets and the Instability of Open Economies"). The Asian Financial Crises: Causes, Contagion and Consequences (pp. 167-190). Cambridge University Press, New York, NY, USA.

	Bacchetta P. , Sebastián M. (1999). La desaparición de la peseta: aspectos macroeconómicos. Nuevas Fronteras de la Politica Economica (pp. 77-110). CREI.

	Bacchetta P. (1994). The Lessons from Fiscal Reform in Democratic Spain. Developing Public Finance in Emerging Market Economies (pp. 183-202). Institute for EastWest Studies.

	Bacchetta P. (1994). Spain and the Real Exchange Rate Problem. The Monetary Economics of Europe - Causes of the EMS Crisis (pp. 18-32). Pinter Publishers.

	Bacchetta P. (1992). Abolishing Capital Controls in Spain: A Challenge for the 90s. Economic Integration and Financial Liberalization: Prospects for Southern Europe (pp. 173-194). London: Palgrave Macmillan UK.

	Feldstein M. , Bacchetta P. (1991). National Saving and International Investment. National Saving and Economic Performance (pp. 201-226). University of Chicago Press.

In Proceedings

	Bacchetta P., van Wincoop E., Beutler T., Chinn M.D. ; Giannone D. (2010, Jun). Can Parameter Instability Explain the Meese-Rogoff Puzzle?. NBER International Seminar on Macroeonomics 2009, 6 (pp. 125-173). University of Chicago Press.

Thesis

	Cordonier Rachel, Bacchetta Philippe , Benhima Kenza (Dir.) (2018). ESSAYS IN INTERNATIONAL MACROECONOMICS. Université de Lausanne, Faculté des hautes études commerciales.

	Perazzi Elena, Bacchetta Philippe (Dir.) (2018). Essays on monetary policy, sovereign debt and banking. Université de Lausanne, Faculté des hautes études commerciales.

	Leutert Jessica , Bacchetta Philippe (Dir.) (2017). EXCHANGE RATE DYNAMICS AND UNCONVENTIONAL MONETARY POLICY. Université de Lausanne, Faculté des hautes études commerciales.

	Ganarin M., Bacchetta P. (Dir.) (2013). Three essays in financial intermediation. Université de Lausanne, Faculté des hautes études commerciales.

	Andrei D., Bacchetta P. , Dumas B. (Dir.) (2012). Essays in asset pricing. Université de Lausanne, Faculté des hautes études commerciales.

	Beutler T., Bacchetta P. (Dir.) (2012). Essays on financial markets and macroeconomics. Université de Lausanne, Faculté des hautes études commerciales.

	Bruchez P.-A., Bacchetta P. (Dir.) (2007). Three essays on short-term macroeconomics : business fluctuations, large devaluations and inflation dynamics. Université de Lausanne, Faculté des hautes études commerciales.

	Furlanetto F., Bacchetta P. (Dir.) (2006). Three essays in monetary and fiscal policy. Université de Lausanne, Faculté des hautes études commerciales.

	Angeles L., Bacchetta P. (Dir.) (2005). Three essays in development macroeconomics. Université de Lausanne, Faculté des hautes études commerciales.

	Bindelli L., Bacchetta P. (Dir.) (2005). Three essays in new keynesian macroeconomics. Université de Lausanne, Faculté des hautes études commerciales.

	Mihailov A., Bacchetta P. (Dir.) (2004). The exchange-rate regime and trade : a new open-economy macroeconomics perspective with pass-through empirics. Université de Lausanne, Faculté des hautes études commerciales.

	Bacchetta P., Sachs J. (Dir.) (1988). Restrictions on International Capital Flows. Harvard University, USA.

Keywords

exchange rates
financial crisis
international capital flows
international finance (2)
international macroeconomics (2)

Philippe Bacchetta

Contact

Links