"Learning by Devaluating: A Supply-Side Effect of Competitive Devaluation" ( Download ) Aboa Centre for Economics Discussion Paper No. 67 (2011)
"International Welfare Effects of Monetary Policy" ( Download ) Aboa Centre for Economics Discussion Paper No. 66 (2011)
"Keeping Up with the Joneses and the Welfare Effects of Monetary Policy" ( Download ) Aboa Centre for Economics Discussion Paper No. 65 (2011)
"Money Supply Rules and Exchange Rate Dynamics" ( Download ) Aboa Centre for Economics Discussion Paper No. 62 (2010)
"The International Transmission of Environmental Policy: A New-Keynesian Perspective" (with Giovanni Ganelli) ( Download ) Aboa Centre for Economics Discussion Paper No. 58 (2010)
"Beggar-thyself or beggar-thy-neighbour? The welfare effects of monetary policy" (with Philipp Engler) ( Download ) Free University of Berlin, School of Business & Economics, Discussion Paper No. 2010/6
"Export pricing and the cross-country correlation of stock prices" ( Download ) Bank of Finland Research Discussion Paper No. 28/2009
"The fiscal multiplier: positive or negative?" ( Download ) Aboa Centre for Economics Discussion Paper No. 54 / September 2, 2009
"Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model" (with Giovanni Ganelli) ( Download ) Bank of Finland Discussion Paper 8/2009. Earlier versions issued as HECER Discussion Paper No. 211( PDF ) and as IMF Working Paper No. 07/67: ( PDF )
"Tax Reforms, "Free Lunches", and "Cheap Lunches" in Open Economies" (with Giovanni Ganelli) ( Download ) IMF Working Paper No. 08/227 / September 1, 2008
"The International Transmission of Monetary Policy in a Dollar Pricing Model" ( Download ) Research Discussion Papers, Bank of Finland / December, 2007. An earlier version: ( PDF )
"Technology Shocks and Employment in Open Economies" ( Download ) economics Discussion Paper 2007-40 / August 31. An earlier version ( PDF ).
"Jealousy and Monetary Policy" ( PDF ) Discussion Paper No 627 / January 10, 2007. University of Helsinki, Department of Economics
"Productive Goverment Spending and the International Transmission of Fiscal Policy" ( PDF ) HECER Discussion Paper No 120 / September, 2006. An earlier version: ( PDF ).
"Fiscal Policy in a Two-Sector Model of a Small Open Economy" ( PDF ) Discussion Paper No 619 / June 21, 2005. University of Helsinki, Department of Economics
"The Effects of Fiscal Policy in a Small Open Economy: The Role of Useful Government Spending" ( PDF ) Discussion Paper No 611 / December 17, 2004. University of Helsinki, Department of Economics