Willem Buiter: Citigroup Publications

All Citi group publications can be downloaded from Citi's Velocity website, if you can access this (restricted) website.

1. "Managing the Financial Risks of Climate Change." With Benjamin Nabarro. Global Perspectives & Solutions Citi GPS Insight, 2 October 2019.
   
   
2. "Extending the Expansion - Fiscal Easing With Balanced Budgets." With Pernille B. Henneberg, Oren Klachkin and Catherine L. Mann. Citi. Citi Research, Economics, Global, 5 August 2019.
   
   
3. "A Key Role for Gold and the Monetary Economics of Fed Nominee Judy Shelton." With Catherine L. Mann and Igor Cesarec. Citi. Citi Research, Economics, Developed Markets North America, 2 August 2019.
   
   
4. "Plaza Accord or Currency Wars Playbook?" With Catherine L Mann. Citi GPS, Global  Perspectives and  Solutions—Opinion, 11 July 2019.
   
   
5. "Italian Bills of Treasury - Maxi Trouble for the Eurosystem?" With Giada Giani. Citi. Citi Research, Economics, Western Europe Economics View, 1 July 2019.
   
   
6. "Shifting Political Risks and a Global Soft Landing." With Tina Fordham. Citi GPS, Global Perspectives and Solutions, May 6, 2019.
   
   
7. "MMT: What's Right is Not New, What's New is Not Right, and What's Left is too Simplistic." With Catherine L. Mann. Citi. Citi Research, Economics, Americas, Global Economics View, 8 April 2019.
   
   
8. "The Neutral Real Interest Rate is Going Nowhere." Citi. Citi Research, Economics, United States Economics & Strategy View, 19 March 2019.
   
   
9. "Should the Fed Change the Way it Pursues Price Stability?" Citi. Citi Research, Economics, United States Economics & Strategy View, 18 March 2019.
   
   
10. "Sovereign Risk: Italy v. US." With Dana Peterson. Citi. Citi Research, Economics, Global Economics View, 19 December 2018.
    
    
11. "The Public Sector Balance Sheet Approach of the IMF: What’s New and Why it Matters." Citi. Citi Research, Economics, Global Economics View, 5 November 2018.
    
    
12.  "The Future of the Eurozone: Saving the Eurosystem from Itself." Citi. Citi Research, Deep Dive, Economics, Global Economics View, 2 July 2018.
    
    
13. "The Vollgeld Referendum." Citi. Citi Research, Multi-Asset, Global, Global Economics View, 8 June 2018.
    
    
14. "Frequent Flagrant Fallacies and Dodgy Empirics Concerning International Trade." Citi. Citi Research, Multi-Asset, Global, Global Economics View, 11 April 2018.
    
    
15. The Public Wealth of Cities: How to Turn Around Cities' Fortunes by Unlocking Public Assets. With Dag Detter, Stefan Folster, Vikram Rai and John B. Finnigan. Citi GPS: Global Perspectives & Solutions, March 2018.
    
    
16. "Who Will Be Swimming Naked When the Cyclical Tide Goes Out? Monetary and Fiscal Policy Space in Some Advanced Economies." Citi. Citi Research, Multi-Asset, Global, Global Economics View, 22 February 2018.
    
    
17. "The Balance Sheets of Central Banks and the Shortage of Safe Assets.' With Ebrahim Rahbar. Citi. Citi Research, Multi-Asset, Global, Global Economics View, 29 January 2018.
    
    
18. "Corporate Profit Tax Cuts, Capital Deepening and Real Wages: Hassett v. Summers - who is right?" Citi. Citi Research, Multi-Asset, Global, Global Economics View, 22 November 2017,
    
    
19. "Why does the Fed (or any Central Bank) Wish to Shrink its Balance Sheet?' With Ebrahim Rahbari, Kim D. Jensen and Cesar Rojas. Citi Research, Multi-Asset, Global, Global Economics View, 9 August 2017.
    
    
20. "Why Do Economists Consistently Over-Predict Inflation?' With Ebrahim Rahbari, Kim D. Jensen and Cesar Rojas. Citi Research, Multi-Asset, Global, Global Economics View, 2 August 2017.
    
    
21. "Solutions for the Global Water Crisis - The End of 'Free and Cheap Water," Citi GPS: Global Perspectives & Solutions, April 2017. One of 11 authors (+ 6 contributors).
    
    
22. "Bad and Good 'Fiscal Theories of the Price Level'." Citi Research, Multi-Asset, Global Economics View, 17 March 2017.
    
    
23. "Exchange Rate Implications of Border Tax Adjustment Neutrality." Citi Research, Multi-Asset, Global, Global Economics View, 22 February 2017.
    
    
24. "Dysfunctional Central Banking; The End of Independent Central Banks or a Return to ‘Narrow Central Banking’ – or Both?” Citi Research, Multi-Asset, Global, Global Economics View, 21 December 2016. Executive Summary. The paper can be downloaded from Citi's restricted Velocity website.
    
    
25. "The End of QE - The Shift Towards Asset Price Targeting and Central Banks Playing Defence." With Ebrahim Rahbari and Cesar Rojas. Citi Research, Economics, Global Global Economics View, 21 September 2016.
    
    
26. “Do Central Banks Worry about Surprising the Markets? Should They?” Citi Research, Economics, Global, Global Economics View, 15 July 2016.
    
    
27. "Italian Banks: Are We Nearing a Decisive Solution? We Doubt It." With Giada Giani, Guillaume Menuet et. al. Citi Research, Economics, Developed Markets, Western Europe, Italy Economics Flash, 6 July 2016.
    
    
28. "Who's Next? EU Political Risks After The Brexit Vote." With Ebrahim Rahbari, Tina M. Fordham et. al. Citi Research, Economics, Global, Global Economics View, 2 July 2016.
    
    
29. "Brexit and the H2 Outlook: Break-Up and Break-Down." With Ebrahim Rahbari and Cesar Rojas. Citi Research, Economics, Global, Global Economics View, 30 June 2016.
    
    
30. "Voters Back Brexit: Political, Economic and Market Implications." With Tina M. Fordham et al. Citi Research, Politics, Global, Global Political Focus, 24 June 2016.
    
    
31. "How Many Financial Sector Business Models are Damaged by Low and Negative Interest Rates?" With Ebrahim Rahbari. Citi Research, Economics, Global, Global Economics View, 20 June 2016.
    
    
32. "What to Expect from the IMF-World Bank Spring Meetings." Ebrahim Rahbari, With Cesar Rojas. Citi Research, Economics, Global, Global Economics View, 13 April 2016.
    
    
33. "Is Advanced Economy Low-Flation Fading?" With Ebrahim Rahbari and Cesar Rojas. Citi Research, Economics, Developed Markets, Global, Global Economics View, 5 April 2016.
    
    
34. "Rising Risk of a Global Recession." With Ebrahim Rahbari and Cesar Rojas. Citi Research, Economics, Global, Global Economics View, 25 February 2016.
    
    
35. "Negative Policy Rates - What's Next? Who's Next?" With Ebrahim Rahbari and Cesar Rojas. Citi research, Economics, Global, Global Economics View, 11 February 2016.
    
    
36. "BoJ Action Reinforces Negative Rates Trend And Currency Wars."With Ebrahim Rahbari. Citi Research, Economics, Global, Global Economics Flash, 29 January 2016.
    
    
37. "Hubris in Frankfurt?" With Ebrahim Rahbari. Citi Research, Economics, Global, Global Economics View, 24 December 2015.
    
    
38. "Energy 2030: Financing A Greener Future; Financing Green Energy in a Low Fossil Fuel Price World and Managing Stranded Asset Risk." As one of 17 Authors, in a supporting role. Citi GPS: Global Perspectives & Solutions, December 2015,
    
    
39. "The Experience With Negative Policy Rates." With Ebrahim Rahbari and Michael Saunders. In Citi Research, Economics, Global, Global Economic Outlook and Strategy, Prospects for Economies and Financial Markets in 2016 and Beyond, pp. 18–25, 30 November 2015.
    
    
40. "No Normal." With Guillermo Mondino and Ebrahim Rahbari. In Citi Research, Economics, Global, Global Economic Outlook and Strategy, Prospects for Economies and Financial Markets in 2016 and Beyond, pp. 4–17, 30 November 2015.
    
    
41. "Letter From Lima: Gloom, But No Doom." With Guillermo Mondino, David Lubin and Ebrahim Rahbari. Citi Research, Economics, Americas, Global Economics View, 13 October 2015. Citi Link.
    
    
42. "What Is A (Global) Recession?" With Ebrahim Rahbari. Citi Research, Economics, Global, Global Economics View, 6 October 2015.
    
    
43. "Refugees, Migrants and Asylum-Seekers: The Politics of People Flows." With Tina M. Fordham,Michael Saunders, Ebrahim Rahbari, Guillaume Menuet, Tiia A Lehto. Citi Research, Politics, Global, Global Political Insights, 10 September 2015.
    
    
44. "Is China Leading the World into Recession?" Citi Research, Economics, Global, Global Economics View, 8 September 2015.
    
    
45. "What Does the Chinese Devaluation Mean For the World?" With Johanna Chua, Minggao Shen, Guillermo Mondino and Ebrahim Rahbari. Citi Resarch, Economics, Asia, Global Economics View, 17 August 2015.
    
    
46. "Poor Productivity, Poor Data and Plenty of Polarisation." With Ebrahim Rahbari, Joe Seydl and George Friedlander. Citi Research, Economics, Global, Global Economics View, 12 August 2015.
    
    
47. "What Does the ECB Have To Lose on Greece? (And a Refresher on ELA and Target2)." With Ebrahim Rahbari and Antonio Montilla. Citi Research, Economics, EMEA, Global Economics View, 30 July 2015.
    
    
48. "Why Greece's Third Bailout Will Probably Fail (Eventually)." With Guillaume Menuet, Antonio Montilla, Tina M Fordham, Ebrahim Rahbari, Tiia A Lehto, Michael Saunders and Ann O'Kelly. Citi Research, Economics, Developed Markets, Western Europe, Euro Economics Weekly, 17 July 2015.
    
    
49. "Greece Meeting Marathon Delivers Fragile Compromise." With Guillaume Menuet, Ebrahim Rahbari, Tina M Fordham, Antonio Montilla, Michael Saunders and Tiia A Lehto. Citi Research, Economics, EMEA, Global Economics View, 13 July 2015.
    
    
50. "ECB: Mostly (But Not All) About Greece."With Guillaume Menuet, Antonio Montilla, Ebrahim Rahbari, Michael Saunders and Ann O'Kelly. Citi Research, Economics, Developed Markets, Western Europe, 10 July 2015.
    
    
51. "A Bridge to Grexit—Making Grexit our Base Case." With Ebrahim Rahbari, Guillaume Menuet, Tina M Fordham, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 8 July 2015.
    
    
52. "It's Time to Break the Never-ending Cycle of Crises in Greece." With Ebrahim Rahbari, Tina M Fordham, Guillaume Menuet, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi GPS: Global Perspectives & Solutions, Opinion, 6 July 2015.
    
    
53. "Greek Referendum—Fearing Grexit, Preparing for Grimbo." With Tina M. Fordham, Guillaume Menuet, Ebrahim Rahbari, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 5 July 2015.
    
    
54. "What if Grexit Really Happens." With Ebrahim Rahbari, Jeremy Hale, Graham Bishop, Guillaume Menuet, Tina M Fordham, Antonio Montilla and Michael Saunders. Citi Research, Economics, EMEA, Global Economics and Macro Strategy Focus, 2 July 2015.
    
    
55. "Greek Referendum: Scenarios and Implications." With Ebrahim Rahbari, Guillaume Menuet, Tina M. Fordham, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 2 July 2015.
    
    
56. "Alert: Sunday Referendum to Proceed: Can We Read the Greek Vox Populi?" Tina M. Fordham, With Ebrahim Rahbari, Guillaume Menuet, Antonio Montilla, Tiia A. Lehto. Citi Research, Politics, Global, Global Political Insights, 1 July 2015.
    
    
57. "Higher Grexit Risk: What Could the Policy Response Be?" With Ebrahim Rahbari, Guillaume Menuet, Tina M. Fordham, Antonio Montilla and Michael Saunders. Citi Research, Economics, EMEA, Global Economics View, 30 June 2015.
    
    
58. "Greece: What's Next?" With Tina M. Fordham, Guillaume Menuet, Ebrahim Rahbari, Antonio Montilla, Michael Saunders and Harvinder Sian. Citi Research, Economcs, EMEA, Global Economics View, 28 June 2015.
    
    
59. "Challenging the Consensus: Alternative Scenarios for Inflation and Cross Asset Implications." Graham S Bishop, Jeremy Hale, Michael Saunders amd Ebrahim Rahbari. Citi Research, Multi-Asset, Global Economics and Macro Strategy Focus. 25 June 2015.
    
    
60. "Introduction." To Dag Detter and Stefan Fölster The Public Wealth of Nations; Unlocking the Value of Global Public Assets, Citi GPS: Global Perspectives and Solutions, June 2015.
    
    
61. "What next for Greece?" With Guillaume Menuet, Antonio Montilla, Ebrahim Rahbari, Michael Saunders and Anne Kelly. Citi Research, Economics, Developed Markets, Western Europe, Euro Economics Weekly, 5 June 2015.
    
    
62. "Preventing Secular Stagnation from Bbecoming the 'New Normal': Why the Time of One-Armed Economic Policy is Gone." With Ebrahim Rahbari and Joe Seydl. Citi Research, Economics, Global, Global Economics View, 2 June 2015.
    
    
63. "It's Time to Remove the Lower Bound on Interest Rates and Here's the How-To." Citi Research PowerPoint Presentation, May 18, 2015. Presentation given at the 'Removing the Zero Lower Bound on Interests Rates Conference, Swiss National Bank, the Brevan Howard Centre for Financial Analysis at Imperial College London Business School and the Centre for Economic Policy Research. London, 18 May 2015.
    
    
64. "Are There Any Signs of Reflation?" With Ebrahim Rahbari and Joe Seydl. Citi Research, Economics, Global, Global Economics View, 21 May 2015.
    
    
65. "Greece: Running Out of Money, Ideas, Time and Patience." With Ebrahim Rahbari, Guillaume Menuet and Antonio Montilla. Citi Research, Economics, Developed Markets, EMEA, Global Economics View, 21 April 2015.
    
    
66. "High Time to Get Low: Getting Rid of the Lower Bound On Nominal Interest Rates." With Ebrahim Rahbari. Citi Resarch, Economics, Global Economics View, 9 April 2015.
    
    
67. "The Euro Area: Monetary Union or System of Currency Boards?" Citi Research, Economics, Global Economics View, 19 March 2015.
    
    
68. "Did the SNB Score anOown goal? Francly, Yes." Citi Research, Economics, GEMS, Global Economics View, 16 January 2015.
    
    
69. "2015 - Drifting Into Secular Stagnation?" With Guillermo Mondino. Citi Research, Economics, Global, Global Economics and Strategy, 1 December 2014.
    
    
70. "Why is Globalisation Stalling?" With Ebrahim Rahbari and Joseph Seydl. Citi Research, Economics, Global, Global Economics and Strategy, 1 December 2014.
    
    
71. "Gold: a six thousand year-old bubble revisited." Citi Research, Economics, Global, Global Economics View, 26 November 2014.
    
    
72. "Stumbling Towards Banking Union." With Ebrahim Rahbari and Antonio Montilla. Citi Research, Economics, Global, Global Economics View, 21 October 2014.
    
    
73. "Our Fed Call: Fed Poised For On-Time Or Early Liftoff?" With William Lee. Citi Research, Multi-Asset, North America, US Economics: Market and Policy Comments, 15 August 2014.
    
    
74. "Fed Creates Maginot Line to Defend Against Financial Stability." With William Lee, Michael Anderson and Joe Seydl. Citi Research, Economics, North America, U.S. Economics Market and Policy Comments, 25 July 2014.
    
    
75. "The Long-Run Decline in Advanced-Economy Investment." With Ebrahim Rahbari and Joe Seydl. Citi Research, Economics, Developed Markets, Global, Global Economics View, 11 June 2014.
    
    
76. "Taking It To The Streets: What the New Vox Populi Risk Means for Politics, the Economy and Markets." With Tina M. Fordham, Matthew P. Dabrowski, Robert Buckland and Edward L. Morse. Citi GPS: Global Perspectives & Solutions, May 2014.
    
    
77. "How Could The EM Turmoil Afffect The Advanced Economies." With Ebrahim Rahbari, Antonio Montilla and Joe Seydl. Citi Research, Economics, Global, Global Economics View, 17 March 2014.
    
    
78. "Alert: Ukraine-Russian Tensions to Continue Following Crimea Referendum, With Sanctions & Security Concerns Likely to Dominate." With Tina M. Fordham, Edward L. Morse, Seth M. Kleinman, Anthony Yuen and Matthew P. Dabrowski. Citi Research, Multi-Asset, Global, Global Political Insights, 14 March 2014.
    
    
79. "Alert: No Military Confrontation, Modest Sanctions - But Risks Remain: Ukraine, Russia and the New Geopolitical Normal." With Tina M. Fordham and Matthew P. Dabrowski. Citi Research, Politics Global, Global Political Insights, 6 March 2014.
    
    
80. "Escalation of Ukraine-Russia Crisis Increases Global Risk." With Tina M. Fordham and Matthew P. Dabrowski. Citi Research, Politics, Global, Global Political Insights, 3 March 2104.
    
    
81. "Secular Stagnation: Only If We Really Ask For It." With Ebrahim Rahbari and Joe Seydl. Citi Research, Economics, Global, Global Economics View, 13 January 2014.
    
    
82. "Will Banking Union Save EMU?" With Ebrahim Rahbari. Citi Resarch, Global Economic Outlook and Strategy, 2 December 2013.
    
    
83. "Overview - Marginal Revolution." With Guillermo Mondino and Nathan Sheets. Citi Research, Global Economic Outlook and Strategy, 2 December 2013.
    
    
84. "What to Expect from Abenomics: Four Arrows to Target Four Challenges." With Ebrahim Rahbari. Citi GPS: Global Perspectives & Solutions, October 2013.
    
    
85. "Forward Guidance: More than Old Wine in New Bottles and Cheap Talk?" Citi Research, Economics, Global Economics View, 25 September 2013.
    
    
86. "The Euro Area Crises Are by No Means Over." With Ebrahim Rahbari. Citi Research, Economics, Global, Global Economics View, 11 June 2013.
    
    
87. "Europe: The light at the end of the tunnel is still two or three years away." Citi GPS (Global Perspectives and Solutions), Opinion Articles, 10 May 2013.
    
    
88. "Cyprus is Systemically Important: It Changed the Rules of the Game." With Ebrahim Rahbari, Giada Giani and Juergen Michels. Citi Research, Economics, Global, Global Economics View, 10 April 2013.
    
    
89. "Little Credit Where Credit is Due: Weakness of Credit Growth and Domestic Demand to Continue in Most Advanced Economies." With Ebrahim Rahbar and Antonio Montilla. Citi Research, Economics, Global, Global Economics View, 27 March 2013.
    
    
90. "The Euro Area RecoveryStarts with Cyprus." With Ebrahim Rahbari, Juergen Michels, Giada Giani and Guillaume Menuet. Citi Research, Economics, Global, Global Economics View, 18 March 2013.
    
    
91. "More Expansionary Monetary Policy Weakens the Currency: Get Used to It." With Ebrahim Rahbari. Citi Resarch, Economics, Global, Global Economics View, 15 February 2013.
    
    
92. "New and Old Risks in the Euro Area." With Ebrahim Rahbari. Citi Resarch, Economics, Global, Global Economics View, 6 February 2013.
    
    
93. "Debt of Nations: Mr. Micawber’s Vindication: Causes and Consequences of Excessive Debt." With Ebrahim Rahbari. Citi GPS, Global Perspectives & Solutions, November 2012.
    
    
94. "Target2 Redux: The Simple Accountancy and Slightly More Complex Economics of Bundesbank Loss Exposure through the Eurosystem." Citi Research, Economics, Europe, Global Economics View, 16 October 2012.
    
    
95. "Three Bits of Good News and One Piece of Bad News for the Euro Area." Citi Research, Economics, Europe, Global Economics View, 24 September 2012.
    
    
96. "Three Unintended Consequences of Banking Union." Citi Research, Economics, Europe, Global Economics View, August 2, 2012.
    
    
97. "Did Summit Avoid Nadir?,' With Ebrahim Rahbari, Juergen Michels and Guillaume Menuet. Citi Research, Economics, Europe, Global Economics View, 2 July 2012.
    
    
98. "What's Next for Spain and Italy?" With Ebrahim Rahbari. Citi Resarch, Global Economics View, 25 June 2012.
    
    
99. "Race to Save the Euro Would Follow 'Grexit'." Citi GPS: Global Perspectives & Solutions | Opinion, 22 June 2012.
    
    
100. "Greek Elections, Tale II: Euro Vision or Drachma Nation?' With Tina Fordham and Ebrahim Rahbari. Citi Resarch, Global Political Insights, 15 June 2012.
     
     
101. "The New Euro Zone Political Geometry: What Economic and Market Implications?,' With Tina M. Fordham and Jonathan Stubbs. Citi Research, Global Political Insights, 14 May 2012.
     
     
102. "'Grexit' Back in the Spotlight,' With Ebrahim Rahbari, Citi Economics, Global Economics, Global Economics Flash, 10 May 2012.
     
     
103. "What More Can Central Banks Do to Stimulate the Economy?' With Ebrahim Rahbari, Citi Economics, Global Economics, Global Economics View, 9 May 2012.
     
     
104. "Spain: Prospects and Risks." Citi Economics, Global Economics, Global Economics View, 28 March 2012.
     
     
105. "Looking into the deep pockets of the ECB,' With Ebrahim Rahbari, Citi Economics, Global Economics View, 27 February 2012.
     
     
106. "Why Does the ECB not Put Its Mouth where its Money is? The ECB as Lender of Last Resort for Euro Area Sovereigns and Banks." With Ebrahim Rahbari. Citi Economics, Global Economics, Global Economics View, 27 February 2012.
     
     
107. "Is the Eurozone At Risk of Turning Into The Rouble Zone?" With Ebrahim Rahbari, Citi Economics, Global Economic Outlook and Strategy, 22 February 2012, pp. 6–11.
     
     
108. "Is the Eurozone at Risk of Turning into the Rouble Zone?" Citi Economics, Global Economics View, 13 February 2012.
     
     
109. "Rising Risks of Greek Euro Area Exit." With Ebrahim Rahbari, Citi Economics, Global Economics View, 6 February 2012.
     
     
110. "What Happens if the Euro Collapses?" Citi GPS: Global Perspectives & Solutions, 8 December 2011.
     
     
111. "Will the December 9th Deal Be Enough?" Citi Economics, Global Economics View, 5 December 2011.
     
     
112. "EMU Crisis Outlook: Lender of Last Resort on the Way." With Ebrahim Rahbari, Juergen Michels and Guillaume Menuet. Citi Economics, Global Economics View, 28 November 2011.
     
     
113. "Greek Spanner in Euro Works." With a long list of co-authors. Citi Macro Analysis, Equities, 1 November 2011.
     
     
114. "Why we Should not Panic if Deep Greek Sovereign Debt Restructuring Triggers CDS." With Ebrahim Rahbari. Citi Economics, Global Economics View, 26 October 2011.
     
     
115. "Can Sovereign Debt Insurance by the EFSF be the 'Big Bazooka' that Saves the Euro?" With Ebrahim Rahbari. Citi Economics, Global Economics View, 18 October 2011.
     
     
116. "Trade Transformed: The Emerging New Corridors of Trade Power,' With Ebrahim Rahbari. Citi GPS: Global Perspectives & Solutions, 18 October 2011.
     
     
117. "Euro Area: Still Too Early For A 'Grand Plan',' With Juergen Michels, Giada Giani and Ebrahim Rahbari. Citi Economics, Europe, 28 September 2011.
     
     
118. "A Greek Exit from the Euro Area: A Disaster for Greece, a Crisis for the World." Citi Economics, Global Economics View, 13 September 2011.
     
     
119. "The Future of the Euro Area: Fiscal Union, Break-up or Blundering Ttowards a 'You Break it You Own it Europe." With Ebrahim Rahbari. Citi Economics, Global Economics View, 9 September 2011.
     
     
120. "Europe: Fear and Panic Make Poor Counsellors." Citi Economics, Global Economics View, 12 August 2011.
     
     
121. "Poles Apart: Sticking Plaster Policymaking is the Most Likely Scenario in a Polarized World." With Tina Fordham. Citi Global Research, Global Political Insights, 10 August 2011.
     
     
122. "The ABC of the US Triple-A Downgrade and of Others to Come." Citi Economics, Global Economics View, 9 August 2011.
     
     
123. "Why Spain and Italy are Under Attack and How to Defend Them." Citi Economics, Global Economics View, 3 August 2011.
     
     
124. "Navigating the US Fiscal Swamp: Even if We Don't Fall in, It may not be Pretty." With Ebrahim Rahbari. Citi Economics, Global Economics View, 28 July 2011.
     
     
125. "Essay: Water as Seen by an Economist." Citi Global Thematic Investing Research, Global Themes Strategy, Thirsty Cities–Urbanisation to Drive Water Demand, 20 July 2011.
     
     
126. "Buying Time for the Euro: A Proposal." With Juergen Michels, Ebrahim Rahbari and Giada Giani. Citi Economics, Global Economics View, 20 July 2011.
     
     
127. "TARGETing the Wrong Villain: A Reply." With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 5 July 2011.
     
     
128. "Trade Transformed - Following the Rise of EM Trade until 2050,' With Ebrahim Rahbari. Citi Economics, Global Economic Outlook and Strategy, Global Economics Essay, 22 June 2011.
     
     
129. "TARGETing the Wrong Villain: Target2 and Intra-Eurosystem Imbalances in Credit Flows." Citi Economics, Global Economics View, 9 June 2011.
     
     
130. "Accountability of the Bank of England." Citi Economics, Global Economics View, 1 June 2011.
     
     
131. "The ‘Strong Dollar’ Policy of the US: Alice-in-Wonderland Semantics vs. Economic Reality." (long version) With Ebrahim Rahbari. Citi Economics, Global Economics View, 26 May 2011.
     
     
132. "Chief Economist Essay — The ‘Strong Dollar’ Policy of the US." (short version) With Ebrahim Rahbari. Citi Economics, Global Economic Outlook and Strategy,
     25 May 2011.
     
     
133. "Global Growth Generators: Moving Beyond Emerging Markets and BRIC." With Ebrahim Rahbari. Citi Economics, Global Economics View, 21 February 2011.
     
     
134. "ELA Revisited: A Clarification." With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 11 February 2011.
     
     
135. "ELA: An Emperor Without Clothes?" With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 21 January 2011.
     
     
136. "The Debt of Nations." With Ebrahim Rahbari, Juergen Michels and Giada Giani. Citi Economics, Global Economics View, 7 January 2011.
     
     
137. Citigroup Chief Economist Essay: "Sovereign Debt Crisis Update." With Ebrahim Rahbari. Citi Economics, Global Economic Outlook and Strategy, 29 November 2010.
     
     
138. "The Great Deflation: Lessons from Japan for the World." With Kiichi Murashima and Ebrahim Rahbari. Citi Economics, Global Economics View , 11 November 2010.
     
     
139. "Japan: Is There an Exit From the Great Ddeflation." (short version), with Kiichi Murashima and Ebrahim Rahbari. Citi Economics, Global Economics View,, 28 October 2010.
     
     
140. "Is Sovereign Default 'Unnecessary, Undesirable and Unlikely' for all Advanced Economies?" (short version), with Ebrahim Rahbari. Citi Economics, Global Economic Outlook and Strategy, 22 Sept. 2010.
     
     
141. "Is Sovereign Default 'Unnecessary, Undesirable and Unlikely' for all Advanced Economies?" (long version), with Ebrahim Rahbari. Citi Economics, Global Economics View , 16 September 2010.
     
     
142. "Games of Chicken Between the Monetary and Fiscal authority: Who Will Control the Deep Pockets of the Central Bank?" (long version) Citi Economics, Global Economics View , 21 July 2010.
     
     
143. "Games of Chicken Between the Monetary and Fiscal authority: Who Will Control the Deep Pockets of the Central Bank?" (short version) Citi Economics, Global Economics View , 21 July 2010.
     
     
144. "Sovereign Liquidity Facility: Transfer Europe or Bank Recapitalisation Fund? What is the EFSF Meant to Be?" Citi Economics, Global Economics View, 23 June 2010.
     
     
145. "Can the European Stabilisation Mechanism Save the Monetary Union?" (long version), Citi Economics, Global Economics View , 20 May 2010.
     
     
146. "Can the European Stabilisation Mechanism Save the Monetary Union?" (short version), Citi Economics, Global Economics View , 19 May 2010.
     
     
147. "Greek Sovereign Debt Restructuring Delayed but not Avoided for Long." Citi Economics, Global Economics Flash, 5 May 2010.
     
     
148. "Sovereign Debt Problems in Advanced Industrial Countries." Citi Economics, Global Economics View , 26 April. 2010.
     
     
149. "Prospects for Household Consumption Ggrowth in China." With Minggao Shen, Citi Economics, Global Economics View , 21 April 2010.
     
     
150. Citigroup Chief Economist Essay: "Is China Blowing Bubbles." With Minggao Shen. Global Economics Focus, 24 March 2010.
     
     
151. "Don't Raise the Inflation Target, Remove the Zero Bound on Nominal Interest Rates Instead." Citi Economics, Global Macro View, 5 March 2010.
     
     
152. Citigroup Chief Economist Essay: "Getting the Global Recovery Right: Fiscal Balances, Fiscal Incentives and Key Relative Prices." Citi Economics, Global Economic Outlook and Strategy, 24 February 2010.