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Home | People | Roel Beetsma
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Roel Beetsma

Research Fellow

University
University of Amsterdam
Research field
Macroeconomics
Interests
International Economics, Macroeconomics

Key publications

List of publications

Beetsma, R., Cimadomo, J. and Cima, S. (2021). Fiscal transfers without moral hazard? International Journal of Central Banking, :.

Beetsma, R., Giuliodori, M., Hanson, J. and de Jong, F. (2021). The Maturity of Sovereign Bond Issuance in the Euro Area Journal of International Money and Finance, :.

Beetsma, R. and van Spronsen, J.J.M. (2020). The Effects of Unconventional Monetary Policy on Auction Cycles of Eurozone Sovereign Debt Journal of Money, Credit and Banking, :.

Beetsma, R., Giuliodori, M., Hanson, J. and de Jong, F. (2020). Determinants of the bid-to-cover ratio in Eurozone sovereign debt auctions Journal of Empirical Finance, 58:96--120.

Beetsma, R., Klaassen, F., Romp, W. and van Maurik, R.E.F. (2020). What drives pension reforms in the OECD? Economic Policy, 35(102):357.

Westerhout, E. and Beetsma, R. (2019). A comparison of nominal and indexed debt under fiscal constraints Journal of International Money and Finance, 91:177--194.

Lekniūtė, Z., Beetsma, R. and Ponds, E. (2019). U.S. municipal yields and unfunded state pension liabilities Journal of Empirical Finance, 53:15--32.

Beetsma, R., Debrun, X., Fang, X., Kim, Y., Lledó, V., MBaye, S. and Zhang, X. (2019). Independent Fiscal Councils: Recent Trends and Performance European Journal of Political Economy, 57:53--69.

Singh, S. and Beetsma, R. (2018). Optimal Monetary Policy under Sectoral Interconnections De Economist, 166(3):309--336.

Van Der Heijden, M., Beetsma, R. and Romp, W. (2018). “Whatever it takes” and the role of Eurozone news Applied Economics Letters, 25(16):1166--1169.

Beetsma, R., de Jong, F., Giuliodori, M. and Widijanto, D. (2017). Realized (co)variances of eurozone sovereign yields during the crisis: The impact of news and the Securities Markets Programme Journal of international Money and Finance, 75:14--31.

Beetsma, R., Giuliodori, M., Hanson, J. and de Jong, F. (2017). Cross-Border Auction Cycle Effects of Sovereign Bond Issuance in the Euro Area Journal of Money, Credit and Banking, 50(7):1401--1440.

Beetsma, R., Giuliodori, M. and Sakalauskaite, I. (2017). Long-Term Interest Rates and Public Debt Maturity Economica, 84(335):541--558.

Beetsma, R., Cukierman, A. and Giuliodori, M. (2016). The Political Economy of Redistribution in the U.S. in the Aftermath of World War II - Evidence and Theory American Economic Journal: Economic Policy, 8(4):1--40.

Beetsma, R., Giuliodori, M., de Jong, F. and Widijanto, D. (2016). Price effects of sovereign debt auctions in the euro-zone: the role of the crisis Journal of Financial Intermediation, 25:30--53.

Beetsma, R., Cimadomo, J., Furtuna, O. and Giuliodori, M. (2015). The confidence effects of fiscal consolidations Economic Policy, 30(83):439--489.

Beetsma, R. and Bucciol, A. (2015). Risk reallocation in defined-contribution funded pension systems Macroeconomic Dynamics, 19(1):22--57.

Beetsma, R. and Mavromatis, K. (2014). An analysis of eurobonds Journal of international Money and Finance, 45:91--111.

Beetsma, R., Romp, W. and Vos, S. (2013). Intergenerational risk sharing, pensions and endogenous labour supply in general equilibrium The Scandinavian Journal of Economics, 115(1):141--154.

Beetsma, R., Bluhm, B., Giuliodori, M. and Wierts, P. (2013). From budgetary forecasts to ex post fiscal data: exploring the evolution of fiscal forecast errors in the European Union Contemporary Economic Policy, 31(4):795--813.

Beetsma, R., Giuliodori, M., Walschot, M. and Wierts, P. (2013). Fifty years of fiscal planning and implementation in the Netherlands European Journal of Political Economy, 31:119--138.

Beetsma, R., Giuliodori, M., de Jong, F. and Widijanto, D. (2013). Spread the news: The impact of news on the European sovereign bond markets during the crisis Journal of international Money and Finance, 34:83--101.

Beetsma, R., Romp, W. and Vos, S. (2012). Voluntary participation and intergenerational risk sharing in a funded pension system European Economic Review, 56(6):1310--1324.

Beetsma, R. and Giuliodori, M. (2012). The changing macroeconomic response to stock market volatility shocks Journal of Macroeconomics, 34(2):281--293.

Beetsma, R., Giuliodori, M. and Hanson, J. (2012). Budgetary consolidation under different exchange rate regimes Economics Letters, 117(3):912--916.

Beetsma, R. and Bucciol, A. (2011). Differentiating indexation in Dutch pension funds De Economist, 159(3):323--360.

Beetsma, R., Bovenberg, A. and Romp, W. (2011). Funded pensions and intergenerational and international risk sharing in general equilibrium Journal of international Money and Finance, 30(7):1516--1534.

Beetsma, R. and Giuliodori, M. (2011). The effects of government purchases shocks: Review and estimates for the EU Economic Journal, 121(550):F4--F32.

Beetsma, R. and Giuliodori, M. (2010). The macroeconomic costs and benefits of the EMU and other monetary unions: An overview of recent research Journal of Economic Literature, 48(3):603--641.

Beetsma, R. and Giuliodori, M. (2010). Fiscal adjustment to cyclical developments in the OECD: an empirical analysis based on real-time data Oxford Economic Papers, 62(3):419--441.

Beetsma, R. (2010). Comment on 'Monetary policy and financial imbalances: facts and fiction' by K. Assenmacher-Wesche & S. Gerlach Economic Policy, 25(63):476--478.

Beetsma, R., Giuliodori, M. and Wierts, P. (2009). Planning to cheat: EU fiscal policy in real time Economic Policy, 24(60):753--804.

Beetsma, R., Giuliodori, M. and Klaassen, F. (2009). Temporal aggregation and SVAR identification, with an application to fiscal policy Economics Letters, 105(3):253--255.

Beetsma, R. and Bovenberg, A. (2009). Pensions and intergenerational risk-sharing in general equilibrium Economica, 76(302):364--386.

Ribeiro, M. and Beetsma, R. (2008). The political economy of structural reforms under a deficit restriction Journal of Macroeconomics, 30(1):179--198.

Giuliodori, M. and Beetsma, R. (2008). On the relationship between fiscal plans in the European Union: an empirical analysis based on real-time data Journal of Comparative Economics, 36(2):221--242.

Beetsma, R., Giuliodori, M. and Klaassen, F. (2008). The effects of public spending shocks on trade balances and budget deficits in the European Union Journal of the European Economic Association, 6(2-3):414--423.

Beetsma, R. and Vermeylen, K. (2007). The effect of monetary unification on public debt and its real return Public Choice, 133(3-4):393--415.

Beetsma, R., Cukierman, A. and Giuliodori, M. (2007). On the relationship between U.S. defense and non-defense spending during the world wars Economics Letters, 95(3):415--421.

Beetsma, R. and Debrun, X. (2007). The new stability and growth pact: A first assessment European Economic Review, 51(2):453--477.

Beetsma, R., Giuliodori, M. and Klaassen, F. (2006). Trade spill-overs of fiscal policy in the European Union: a panel analysis Economic Policy, 21(48):639--687.

Beetsma, R. and Bovenberg, A. (2006). Political shocks and public debt: The case for a conservative central bank revisited Journal of Economic Dynamics and Control, 30(11):1857--1883.

Beetsma, R. and Jensen, H. (2005). Monetary and Fiscal Policy Interactions in a Micro-Founded Model of a Monetary Union Journal of International Economics, 67(2):320--352.

Beetsma, R. and Bovenberg, A. (2005). Structural Distortions and Decentralized Fiscal Policies in EMU Journal of Money, Credit and Banking, 37(6):1001--1018.

Giuliodori, M. and Beetsma, R. (2005). What Are the Trade Spill-Overs from Fiscal Shocks in Europe? An Empirical Analysis De Economist, 153(2):167--197.

Beetsma, R. and Jensen, H. (2004). Mark-up Fluctuations and Fiscal Policy Stabilization in a Monetary Union Journal of Macroeconomics, 26(2):357--376.

Beetsma, R. and Jensen, H. (2003). Contingent Defecit SAnctions and Moral Hazard with a Stability Pact Journal of International Economics, 61(1):187--208.

Beetsma, R., Bettendorf, L. and Broer, P. (2003). The budgeting and economic consequences of ageing in the Netherlands Economic Modelling, 20(5):987--1013.

Bartelsman, E. and Beetsma, R. (2003). Why pay more? Corporate tax avoidance through transfer pricing in OECD countries Journal of Public Economics, 87(9-10):2225--2252.

Beetsma, R. and Jensen, H. (2003). Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique Journal of Money, Credit and Banking, 35(1):129.

Beetsma, R. and Bovenberg, A. (2003). Inflation Targets and Public Debt Accumulation European Journal of Political Economy, 19:1--15.

Beetsma, R. and Bovenberg, A. (2003). Strategic debt accumulation in a heterogeneous monetary union European Journal of Political Economy, 19(1):1--15.

Beetsma, R., Bettendorf, L. and Broer, P. (2003). The Budgetar and Economic Consequences of Ageing in the Netherlands Economic Modelling, 20:987--1013.

Beetsma, R. and Jensen, H. (2003). Structural Convergence under Reversible and Irreversable Monetary Unification Journal of international Money and Finance, 22(3):417--439.

Beetsma, R. and Schotman, P. (2001). Measuring risk attitudes in a natural experiment: Data from the television game show Lingo The Scandinavian Journal of Economics, 111(474):821--848.

Beetsma, R. and Bovenberg, A. (2001). The Optimality of a Monetary Union without a Fiscal Union Journal of Money, Credit and Banking, 33(2):179--204.

Beetsma, R. and Bovenberg, L. (2001). When does an inflation target yield the second best? The Scandinavian Journal of Economics, 103(1):119--126.

Beetsma, R. and Schotman, P. (2001). Measuring Risk Attitudes in a Natural Experiment: Data from the Television Game Show LINGO Economic Journal, 111(474):821--848.

Beetsma, R. and Bovenberg, A. (2000). Designing Fiscal and Monetary Institutions for a European Monetary Union Public Choice, 3/4(102):249--269.

Beetsma, R., Peters, H. and Rebers, E. (2000). When to Fire Bad Managers: The Role of Collusion Between Management and Board of Directors Journal of Economic Behavior and Organization, 42(4):427--444.

Beetsma, R. and Uhlig, H. (1999). An analysis of the Stability and Growth Pact Economic Journal, 109(458 - October):546--571.

Beetsma, R. and Jensen, H. (1999). Optimal inflation targets, 'conservative' central banks, and linear inflation contracts: Comment American Economic Review, (89):342--347.

Beetsma, R. and Bovenberg, A. (1999). Does monetary unification lead to excessive debt accumulation? Journal of Public Economics, (74):299--325.

Beetsma, R. and Bovenberg, A. (1998). Inflation targets and contracts with uncertain central banker preferences. Journal of Money, Credit and Banking, 30(3):384--403.

Beetsma, R. and van der Ploeg, F. (1998). Macroeconomic stabilization and intervention policy under an exchange rate band Journal of international Money and Finance, 17(2):339--353.

Beetsma, R. and Bovenberg, A. (1998). Monetary union without fiscal coordination may discipline policymakers Journal of International Economics, 45(2):239--258.

Beetsma, R. and Bovenberg, A. (1997). Central bank independence and public debt policy Journal of Economic Dynamics and Control, 21(4/5):873--894.

Beetsma, R. and Bovenberg, A. (1997). Designing fiscal and monetary institutions in a second-best world European Journal of Political Economy, 13(1):53--79.

Beetsma, R. (1996). Servicing the public debt: The role of expectations: Comment American Economic Review, 86(3):675--679.

Beetsma, R., Bovenberg, A.L. and Jensen, H. (1996). Note on 'Loss of monetary discretion in a simple dynamic policy game'. Journal of Economic Dynamics and Control, 20(9/10):1797--1800.

van der Ploeg, F. and Beetsma, R. (1996). Does inequiality cause inflation? The political economy of inflation, taxation and government debt Public Choice, 87(1-2):143--163.

Beetsma, R. (1995). EMS exchange rate bands: A Monte Carlo investigation of three target zone models Journal of international Money and Finance, 14(2):311--328.

Beetsma, R. (1995). Imperfect credibility and risk premia in the European Monetary System Applied Economics, 27(9):805--815.

Beetsma, R. and van der Ploeg, F. (1994). Intramarginal interventions, bands and the pattern of EMS exchange rate distributions International Economic Review, 35(3):583--602.