Excessive Deficits: Sense and Nonsense in the Treaty of Maastricht

Bank Runs, Deposit Insurance, and Liquidity

1983 • 8,993 citations

Political and Monetary Institutions and Public Financial Policies in the Industrial Countries

1991 • 1,589 citations

Political and economic determinants of budget deficits in the industrial democracies

1989 • 1,386 citations

On the Limitations of Government Borrowing: A Framework for EmpiricalTesting

1986 • 661 citations

The Sustainability of Government Deficits: Implications of the Present-Value Borrowing Constraint

1989 • 516 citations

Common trends, the government's budget constraint, and revenue smoothing

1988 • 494 citations

The Sustainability of Fiscal Policy: New Answers to an Old Question

1991 • 275 citations

MACROECONOMIC POLICY AND ELECTIONS IN OECD DEMOCRACIES*

1992 • 269 citations

Debt, deficits, and inflation: An application to the public finances of India

1992 • 151 citations

Public Debt Guarantees and Private Capital Flight

1987 • 142 citations

Measurement of the Public Sector Deficit and Its Implications for Policy Evaluation and Design (Mesure du deficit du secteur public et ses implications pour l'evaluation et l'elaboration de la politique economique) (Medicion del deficit del sector publico e implicaciones para la evaluacion y formulacion de ciertas politicas)

1983 • 121 citations

Fiscal deficits, public debt, and government solvency: Evidence from OECD countries

1991 • 89 citations

Fiscal deficits, financial integration, and a central bank for Europe

1991 • 55 citations

Monitoring European Integration: The Impact of Eastern Europe

1990 • 46 citations

Tax Smoothing Discretion Versus Balanced Budget Rules in the Presence of Politically Motivated Fiscal Deficits: The Design of Optimal Fiscal Rules for Europe after 1992

1992 • 35 citations

The Making of Monetary Union: Monitoring European Integration 2

1994 • 26 citations

Market-Based Fiscal Discipline in Monetary Unions: Evidence from the U.S. Municipal Bond Market

1991 • 23 citations

Testing for Solvency of the Public Sector: An Application to Italy

1990 • 13 citations

The EC’s public debt disease: discipline with credit spreads and cure with price stability

1992 • 12 citations

The Political Economy of Fiscal Policy After EMU

1992 • 9 citations