WorldCat Identities

Roubini, Nouriel

Works: 164 works in 711 publications in 6 languages and 10,365 library holdings
Genres: History 
Roles: Author, Author of introduction, Editor, Other, Contributor
Publication Timeline
Most widely held works by Nouriel Roubini
Crisis economics : a crash course in the future of finance by Nouriel Roubini( Book )

37 editions published between 2010 and 2014 in English and Chinese and held by 2,065 WorldCat member libraries worldwide

This myth-shattering book reveals the methods Roubini used to foretell the current crisis before other economists saw it coming and shows how those methods can help to make sense of the present and prepare for the future.--Book jacket
Bailouts or bail-ins? : responding to financial crises in emerging economies by Nouriel Roubini( )

16 editions published in 2004 in English and held by 1,766 WorldCat member libraries worldwide

Roughly once a year, the managing director of the International Monetary Fund, the U.S. treasury secretary and in some cases the finance ministers of other G-7 countries will get a call from the finance minister of a large emerging market economy. This book looks at these situations and the options available to alleviate the problem
Political cycles and the macroeconomy by Alberto Alesina( )

18 editions published between 1997 and 1999 in English and Italian and held by 1,329 WorldCat member libraries worldwide

Analiza: Ciclos políticos en Estados Unidos; Pools, incertidumbre electoral y economía; Ciclos políticos y políticas macroeconómicas en las democracias industriales; Partidos políticos, Instituciones y déficits presupuestarios
The invisible hands : top hedge fund traders on bubbles, crashes, and real money by Steven Drobny( )

15 editions published between 2011 and 2017 in English and held by 548 WorldCat member libraries worldwide

Fund managers who survived and profited through the 2008 financial crisis share their secrets/b In light of the colossal losses and amidst the resulting confusion that still lingers, it is time to rethink money management in the broadest of terms. Drastic changes need to be made, and managers who actually made money during 2008 make for a logical starting place. iThe Invisible Hands/i provides investors and traders with the latest thinking from some of the best and the most successful players in money management, highlighting the specific risk and return objectives of each, and discussing the evolution of certain styles and beliefs in money management.ulliContains revealing interviews with top hedge fund managers who survived and prospered through the 2008 financial crisisliOutlines investments and strategies for the rocky road aheadliReveals how hedge fund managers are seeking a new paradigm of risk management and profit making opportunities in the post-crisis worldliGives guidance on how traditional investors such as pensions, endowments, foundations and family offices should rethink how they approach asset allocation and portfolio construction/ul Page by page, the top macro thinkers found in this book reveal their own approaches to markets, risk, and the broader world in which we live, as well as their advice on how investors should be approaching money management in today's uncertain world
Crisis economics : [a crash course in the future of finance] by Nouriel Roubini( Recording )

6 editions published in 2010 in English and held by 216 WorldCat member libraries worldwide

This myth-shattering book reveals the methods Roubini used to foretell the current crisis before other economists saw it coming and shows how those methods can help to make sense of the present and prepare for the future
Das Ende der Weltwirtschaft und ihre Zukunft by Nouriel Roubini( Book )

21 editions published between 2010 and 2011 in German and held by 203 WorldCat member libraries worldwide

Nouriel Roubini ist der neue Superstar der Ökonomie. Kein anderer Ökonom hat so frühzeitig und präzise vor der Wirtschaftskrise gewarnt wie er. Zunächst von Fachkollegen ungläubig bestaunt, haben sich seine Prognosen als äußerst treff - sicher erwiesen. In seinem Buch liefert er eine große und fundierte Analyse der Krise und beantwortet die wichtigsten Fragen, die Wirtschaft, Politik und Gesellschaft aktuell bewegen, wie: Wer ist schuld an der Krise, die Märkte oder der Staat? Was ist die Zukunft des Kapitalismus? Wie können wir das globale Wirtschaftssystem reformieren, um zukünftige Krisen zu verhindern? Roubini erklärt die globalen wirtschaftlichen Zusammenhänge ganz neu. Er schaut für uns in die Zukunft und sagt, wie die Weltwirtschaft aus der Krise herauskommen kann und draußen bleiben wird
What caused the Asian currency and financial crisis? by Giancarlo Corsetti( Book )

33 editions published in 1998 in English and held by 200 WorldCat member libraries worldwide

"This paper explores the view that the Asian currency and financial crises in 1997 and 1998 reflected structural and policy distortions in the countries of the region, even if market overreaction and herding caused the plunge of exchange rates, asset prices, and economic activity to be more severe than warranted by the initial weak economic conditions. The first part of the paper provides an overview of economic fundamentals in Asia on the eve of the crisis, with emphasis on current account imbalances, quantity and quality of financial overlending,' banking problems, and composition, maturity and size of capital inflows." -- Abstract on item
Growth effects of income and consumption taxes : positive and normative analysis by Gian Maria Milesi-Ferretti( Book )

23 editions published in 1995 in English and Spanish and held by 162 WorldCat member libraries worldwide

The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed, and it is shown that in general the taxation of factor incomes (human and physical capital) is growth-reducing. The effects of consumption taxation on growth depend crucially on the elasticity of labor supply, and therefore on the specification of the leisure activity. The paper also derives implications for the optimal intertemporal choice of tax instruments
Taxation and endogenous growth in open economies by Nouriel Roubini( Book )

16 editions published in 1994 in English and held by 144 WorldCat member libraries worldwide

This paper examines the effects of taxation of human capital, physical capital and foreign assets in a multi-sector model of endogenous growth. It is shown that in general the growth rate is reduced by taxes on capital and labor (human capital) income. When the government faces no borrowing constraints and is able to commit to a given set of present and future taxes, it is shown that the optimal tax plan involves high taxation of both capital and labor in the short run. This allows the government to accumulate sufficient assets to finance spending without any recourse to distortionary taxation in the long run. When restrictions to government borrowing and lending are imposed, the model implies that human and physical capital should be taxed similarly
Paper tigers? : a model of the Asian crisis by Giancarlo Corsetti( Book )

16 editions published in 1998 in English and held by 121 WorldCat member libraries worldwide

This paper develops an interpretation of the Asian meltdown focused on moral hazard as the common source of overinvestment, excessive external borrowing, and current account deficits. To the extent that foreign creditors are willing to lend to domestic agents against future bail-out revenue from the government, unprofitable projects and cash shortfalls are re-financed through external borrowing. While public deficits need not be high before a crisis, the eventual refusal of foreign creditors to refinance the country's cumulative losses forces the government to step in and guarantee the outstanding stock of external liabilities. To satisfy solvency, the government must then undertake appropriate domestic fiscal reforms, possibly involving recourse to seigniorage revenues. Expectations of inflationary financing thus cause a collapse of the currency and anticipate the event of a financial crisis. The empirical section of the paper presents evidence in support of the thesis that weak cyclical performances, low foreign exchange reserves, and financial deficiencies resulting into high shares of non-performing loans were at the core of the Asian collapse
Optimal government spending and taxation in endogenous growth models by Giancarlo Corsetti( Book )

16 editions published between 1994 and 1996 in English and held by 120 WorldCat member libraries worldwide

This paper analyzes optimal spending, tax and financial policies in models of endogenous growth where public spending is productive. We extend previous work in four directions. First, we analyze optimal policies when the government is allowed to borrow and lend, rather than being restricted to run a balanced budget in every period. Second, we develop a model with a separate human capital accumulation sector. Therefore, the properties of optimal policies depend on whether government spending affects the productivity of the final goods sector or the human capital accumulation sector. Third, we consider the policy implications of alternative assumptions about which factor of production benefits from the external effects of productive public goods. Fourth, we study the implications of restrictions on the menu of tax instruments available to the policy maker. We contrast optimal tax rates on human and physical capital under different assumptions on technology and distribution. We analyze the welfare properties of public debt and assets
Current account sustainability in transition economies by Nouriel Roubini( Book )

13 editions published between 1997 and 1998 in English and held by 109 WorldCat member libraries worldwide

This paper presents an analysis of the sustainability of current account deficits in transition economies in Central and Eastern Europe. These countries have experienced large current account imbalances in the transition to a market economy. We consider a wide range of macroeconomic factors that may indicate whether such imbalances are sustainable. We find that capital inflows and the choice of regimes of fixed exchange rates have led to a real exchange rate appreciation in many countries; this in turn has led to a significant loss of competitiveness and a worsening of the current account. In several countries there are a number of other indicators that point to a fragility of the external balance: weak banking and financial systems, large fiscal imbalances, low foreign reserves, increasing foreign debt and foreign debt-burden ratios. However, short-term portfolio investments (so-called hot money' inflows) are still relatively small in the transition economies examined, thus limiting the possibility of sudden speculative capital outflows
Liquidity models in open economies : theory and empirical evidence by Nouriel Roubini( Book )

14 editions published in 1995 in English and held by 108 WorldCat member libraries worldwide

This paper presents an overview of recent theoretical and empirical research on 'liquidity models' in open economies; this is a class of optimizing models where money has effects on real asset prices and economic activity without relying on the 'ad-hoc' assumption of price/wage stickiness. The non-neutrality of money derives from a temporary segmentation between goods and asset markets. After surveying the theoretical literature on liquidity models, we present empirical evidence based on VAR econometric techniques for the seven major industrial countries. Such evidence is shown to be consistent with the main implications of the liquidity models
International lending of last resort and moral hazard : a model of the IMF's catalytic finance by Giancarlo Corsetti( Book )

18 editions published between 2003 and 2004 in English and held by 106 WorldCat member libraries worldwide

It is often argued that the provision of liquidity by the international institutions such as the IMF to countries experiencing balance of payment problems can have catalytic effects on the behavior of international financial markets, i.e., it can reduce the scale of liquidity runs by inducing investors to roll over their financial claims to the country. Critics point out that official lending also causes moral hazard distortions: expecting to be bailed out by the IMF, debtor countries have weak incentives to implement good but costly policies, thus raising the probability of a crisis. This paper presents an analytical framework to study the trade-off between official liquidity provision and debtor moral hazard. In our model international financial crises are caused by the interaction of bad fundamentals, self-fulfilling runs and policies by three classes of optimizing agents: international investors, the local government and the IMF. We show how an international financial institution helps prevent liquidity runs via coordination of agents' expectations, by raising the number of investors willing to lend to the country for any given level of the fundamental. We show that the influence of such an institution is increasing in the size of its interventions and the precision of its information: more liquidity support and better information make agents more willing to roll over their debt and reduces the probability of a crisis. Different from the conventional view stressing debtor moral hazard, we show that official lending may actually strengthen a government incentive to implement desirable but costly policies. By worsening the expected return on these policies, destructive liquidity runs may well discourage governments from undertaking them, unless they can count on contingent liquidity assistance
The role of large players in currency crises by Giancarlo Corsetti( Book )

14 editions published in 2001 in English and held by 100 WorldCat member libraries worldwide

During recent episodes of financial turmoil some policy makers voiced concerns about aggressive, and possibly manipulative, practices by highly leveraged institutions in emerging markets. This paper addresses these concerns by reconsidering in detail, at both theoretical and empirical levels, the role of large players in currency crises. The first part of the study discusses analytical results from different models of speculative attack, suggesting that the presence of agents with market power can increase a country's vulnerability to a crisis and make other investors more aggressive in their position-taking. Both size and reputation for quality of information matter in determining large players' impact on the market. The second part of the study presents evidence on the correlation between exchange rate movements and major market participants' net currency positions, and delves into a comparative analysis of several recent crisis episodes in Thailand, Hong Kong, Malaysia, Australia, and South Africa in light of the previous theoretical results
The role of industrial country policies in emerging market crises by Jeffrey A Frankel( Book )

16 editions published in 2001 in English and held by 100 WorldCat member libraries worldwide

This paper considers policies of the industrialized countries, as they pertain to crises in emerging markets. These fall into three areas: (1) their own macroeconomic policies, which determine the global financial environment; (2) their role in responding to crises when they occur, particularly through rescue packages, which have three components -- reforms in debtor countries, public funds from creditor countries, and private sector involvement; and (3) efforts to reform the international financial architecture, with the aim of lessening the frequency and severity of future crises. A recurrent theme is the tension between mitigating crises that occur, and the moral hazard that such efforts create in the longer term. In addition to reviewing these three areas of policy, we consider the institutions through which the more powerful countries exercise their influence. We conclude with a discussion of the debate over the sins of the International Monetary Fund, and proposals for reform
Optimal taxation of human and physical capital in endogenous growth models by Nouriel Roubini( Book )

11 editions published in 1994 in English and held by 94 WorldCat member libraries worldwide

This paper studies the effects of human and physical capital income taxation on growth, and examines how these effects depend on the technologies for human capital accumulation and 'leisure". It then derives the normative implications of the analysis for the optimal taxation of factor incomes. It is shown that in general both capital and labor (human capital) taxes are growth-reducing. In these cases, the optimal long-run tax on both capital and labor income is zero. The optimal taxation plan consists of taxing both factors in the short run, and financing spending in the long run through accumulated budget surpluses
A growth model of inflation, tax evasion, and financial repression by Nouriel Roubini( Book )

15 editions published in 1992 in English and held by 89 WorldCat member libraries worldwide

In this paper we study the effects of policies of financial repression on long term growth and try to explain why optimizing governments might want to repress the financial sector. We also explain why inflation may be negatively related to growth, even though it does not affect growth directly. We argue that the main reason why governments repress the financial sector is that this sector is the source of "easy" resources for the public budget The source of revenue stemming from this intervention is modeled through the inflation tax. Our model has the implication that financial development reduces money demand. Hence, if the government allows for financial development the inflation tax base, and the chance to collect seigniorage, is reduced. To the extent that the financial sector increases the efficiency of the allocation of savings to productive investment, the choice of the degree of financial development will have real effects on the saving and investment rate and on the growth rate of the economy. We show that in countries where tax evasion is large the government will optimally choose to repress the financial sector in order to increase seigniorage taxation. This policy will then reduce the efficiency of the financial sector, increase the costs of intermediation, reduce the amount of investment and reduce the steady state rate of growth of the economy. Financial repression will therefore be associated with high tax evasion, low growth and high inflation
Macroeconomic policy and elections in OECD democracies by Alberto Alesina( Book )

17 editions published between 1991 and 1992 in English and held by 85 WorldCat member libraries worldwide

The purpose of this paper is to test for evidence of opportunistic "political business cycles" in a large sample of 18 OECD economies. Our results can be summarized as follows: 1) We find very little evidence of pre-electoral effects of economic outcomes, in particular, on GDP growth and unemployment; 2) We see some evidence of "political monetary cycles." that is, expansionary monetary policy in election years; 3) We also observe indications of "political budget cycles, " or "loose" fiscal policy prior to elections; 4) Inflation exhibits a postelectoral jump, which could be explained by either the preelectoral "loose" monetary and fiscal policies and/or by an opportunistic timing of increases in publicly controlled prices, or indirect taxes
Political cycles in OECD economies by Alberto Alesina( Book )

15 editions published in 1990 in English and Undetermined and held by 83 WorldCat member libraries worldwide

This paper studies whether the dynamic behavior of GNP growth, unemployment and inflation is systematically affected by the timing of elections and of changes of governments. The sample includes the last three decades in 18 OECD economies. We explicitly test the implication of several models of political cycles, both of the "opportunistic" and of the "partisan" type. Also, we confront the implication of recent "rational" models with more traditional approaches. Our results can be summarized as follows: a) The "political business cycle" hypothesis, as formulated in Nordhaus (1975) on output and unemployment is generally rejected by the data. With the exception of Japan, we also reject by the extension of the "political business cycle" model, with endogenous timing of elections; b) inflation tends to increase immediately after elections, perhaps as a result of preelectoral expansionary monetary and fiscal policies; (c) we fire evidence of temporary partisan differences in output and unemployment and of long-run partisan differences in the inflation rate as implied by the "rational partisan theory" by Alesina (1987); (d) we find virtually no evidence of permanent partisan differences in output and unemployment
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Crisis economics : a crash course in the future of finance
Bailouts or bail-ins? : responding to financial crises in emerging economiesPolitical cycles and the macroeconomyThe invisible hands : top hedge fund traders on bubbles, crashes, and real moneyCrisis economics : [a crash course in the future of finance]
Alternative Names
Nouriel Roubini Amerikaans econoom

Nouriel Roubini docente e economista statunitense

Nouriel Roubini economist american

Nouriel Roubini economista estadounidense

Nouriel Roubini économiste américain

Nouriel Roubini US-amerikanischer Nationalökonom

Roubini, N. 1959-

Нуриел Рубини

Нуріель Рубіні

Рубини, Нуриэль

Նուրիել Ռուբինի

נוריאל רוביני

נוריאל רוביני כלכלן אמריקאי

רוביני, נוריאל

نورييل روبيني عالم اقتصاد أمريكي

نوریل روبینی

누리엘 루비니 미국의 경제학자

루비니, 누리엘 1959-


ルービニ, ヌリエル


魯里埃爾·魯比尼 美國經濟學家