Willem H. Buiter

Current Research Interests:

• Open-economy macroeconomics.
  
• Fundamental issues in monetary theory: neutrality, price level indeterminacy, interest rate pegs and fiscal theories of the price level.
  
• Public finance: intergenerational distribution and insurance properties of taxation, social security and public debt; local, national and international public goods; fiscal federalism.
  
• The theory, empirics and political economy aspects of optimal currency areas and monetary unions.
  
• Internal and external aspects of European economic and political integration.
  
• Fiscal policy, trade policy, and the patters of international and intertemporal trade.
  
• Endogenous growth, environmental constraints and sustainable development.
  
• The theory of monetary policy: institutional design and robust decision rules.
  
• Central bank indendence, openness and accountability.
  
• Financial engineering approaches to the prevention and mitigation of liquidity crises.
  
• Monetary policy, fiscal policy and structural reform for accession countries.
  
• Stabilization and structural reform in the transition economies of Central and Eastern Europe.
  
• Corporate governance, political governance and the investment climate: lessons from the transition countries.
  
• The political economy of economic reform.
  
• Globalisation: technological and political economy determinants.
  
• Local, national, regional and global public goods.
• Economic and political drivers and consequences of financial crises.
• Political and institutional prerequisites of hard budget constraints.