Philip R. Lane's Recent Research
"International Differences in Fiscal Policy" (with Agustin Benetrix), June 2010. Prepared for the NBER TAPES.
"Some Lessons for Fiscal Policy from the Global Crisis," IIIS Discussion Paper No. 334, July 2010. Forthcoming in Nordic Economic Policy Review.
"The Cross-Country Incidence of the Global Crisis" (with Gian Maria Milesi-Ferretti), IIIS Discussion Paper No. 333, July 2010. Forthcoming in IMF Economic Review.
" Cross-Border Investment in Small International Financial Centers" (with Gian Maria Milesi-Ferretti), IIIS Discussion Paper No. 316.
" A New Fiscal Framework for Ireland," IIIS Discussion Paper No. 315, February 2010. Presented at SSISI.
" External Imbalances and Fiscal Policy," IIIS Discussion Paper No. 314. Prepared for the European Commission's DG-ECFIN Workshop "External imbalances and public finances in the EU" (November 27th 2009).
" Innovation and Financial Globalisation," IIIS Discussion Paper No. 299, September 2009. Prepared for the World Bank's ABCDE 2009, held in Seoul in June 2009 and forthcoming in the conference volume.
" Fiscal Shocks and the Sectoral Composition of Output," (with Agustin Benetrix), IIIS Discussion Paper No. 294, August 2009. Revised version forthcoming in Open Economies Review (July 2010).
" Fiscal Shocks and the Real Exchange Rate," (with Agustin Benetrix), IIIS Discussion Paper No. 286, March 2009.
" International Financial Integration and Japanese Economic Performance," CJEB Working Paper No. 274, March 2009. Prepared for the ESRI (Japan) Japan's Bubble, Deflation and Long-Term Stagnation project. Revised version will appear in project volume (MIT Press).
" The Macroeconomics of Financial Integration: A European Perspective," IIIS Discussion Paper No. 265, October 2008. Prepared for the 5th Annual Research Conference of DG-ECFIN (European Commission).
" Financial Exchange Rates and International Currency Exposures" (with Jay Shambaugh) [revised version released as Deutsche Bundesbank Economic Studies Discussion Paper No. 22/2008, September 2008]. Forthcoming in the American Economic Review, March 2010. Initial version released as IIIS Discussion Paper No. 229.
" Currency Unions and Irish External Trade," (with Christine Dwane and Tara McIndoe). IIIS Discussion Paper No. 189. Revised version forthcoming in Applied Economics.
" The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets" (with Jay Shambaugh). Journal of International Economics 80(1), 33-44, January 2010.
" The Impact of Fiscal Shocks on the Irish Economy," (with Agustin Benetrix), Economic and Social Review, Winter 2009.
" EMU and Financial Integration," in The euro at ten - lessons and challenges, 5th ECB Central Banking Conference Volume, September 2009.
" Fiscal Policy and International Competitiveness: Evidence from Ireland," (with Vahagn Galstyan), Economic and Social Review, Autumn 2009. Previous version: IIIS Discussion Paper No 274, December 2008.
" The Composition of Government Spending and the Real Exchange Rate" (with Vahagn Galstyan), Journal of Money, Credit and Banking, September 2009. Previous version: IIIS Discussion Paper No. 257, July 2008.
" Where Did All the Borrowing Go? A Forensic Analysis of the US External Position" (with Gian Maria Milesi-Ferretti), Journal of the Japanese and International Economies 23(2), 177-199, June 2009.
" A New Fiscal Strategy for Ireland," Economic and Social Review 40(2), 233-253, Summer 2009.
" Global Imbalances and Global Governance," Intereconomics 44, 77-81, March/April 2009.
"The Global Crisis and Capital Flows to Emerging Markets," in Macroeconomic Stability and Financial Regulation: Key Issues for the G20 (edited by Mathias Dewatripoint, Xavier Freixas and Richard Portes), VOX e-book, March 2009.
" External Imbalances and the Extensive Margin of Trade" (with Vahagn Galstyan), Economic Notes 38, 241-257, November 2008. Earlier version: IIIS Discussion Paper No. 259, August 2008.
"The Drivers of Financial Globalization" (with Gian Maria Milesi-Ferretti), American Economic Review (Papers and Proceedings)98(2), 327-332, May 2008. Earlier version: IIIS Discussion Paper No. 238.
" EMU and Financial Market Integration," IIIS Discussion Paper No 248. Prepared for the Annual Economics Conference of the Austrian Central Bank.
" Discussion of Financial globalisation, governance and the evolution of the home bias" by Bong-Chan Kho, Ren M Stulz and Francis E Warnock, in BIS Working Papers No 220, December 2006.