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Roel Beetsma

Research Fellow
University
University of Amsterdam
E-mail
r.m.w.j.beetsma@uva.nl
Research field
Macroeconomics
Interests
International Economics, Macroeconomics
Website
Link to personal website

Key publications

List of publications

Romp, W. and Beetsma, R. (2023). OECD Pension reform: the role of demographic trends and the business cycle European Journal of Political Economy, 77:.

Beetsma, R., Burgoon, B. and Nicoli, F. (2023). Is European attachment sufficiently strong to support an EU fiscal capacity?: evidence from a conjoint experiment European Journal of Political Economy, 78:.

Beetsma, R., Busse, M., Germinetti, L., Giuliodori, M. and Larch, M. (2023). Is the road to hell paved with good intentions? An empirical analysis of budgetary follow-up in the EU Journal of International Money and Finance, 135:.

van Spronsen, J.J.M. and Beetsma, R. (2022). Unconventional Monetary Policy and Auction Cycles of Eurozone Sovereign Debt Journal of Money, Credit and Banking, 54(1):169--202.

Beetsma, R., Komada, O., Makarski, K. and Tyrowicz, J. (2022). The political (in)stability of funded social security Journal of Economic Dynamics and Control, :.

Beetsma, R., Burgoon, B., Nicoli, F., de Ruijter, A. and Vandenbroucke, F. (2022). What kind of EU fiscal capacity? Evidence from a randomized survey experiment in five European countries in times of corona Economic Policy, 37(111):411--459.

Beetsma, R., Furtuna, O., Giuliodori, M. and Mumtaz, H. (2021). Revenue- versus spending-based fiscal consolidation announcements: multipliers and follow-up Journal of International Economics, 131:.

Beetsma, R., Debrun, X. and Sloof, R. (2022). The political economy of fiscal transparency and independent fiscal councils European Economic Review, 145:.

Beetsma, R., Cima, S. and Cimadomo, J. (2021). Fiscal transfers without moral hazard? International Journal of Central Banking, 17(3):95--153.

Beetsma, R., Giuliodori, M., Hanson, J. and de Jong, F. (2021). The Maturity of Sovereign Debt Issuance in the Euro Area Journal of International Money and Finance, 110:.

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. (2020). What drives pension reforms in the OECD? Economic Policy, 35(102):357--402.

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., 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., 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., 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 deficit 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: a comment Journal of Money, Credit and Banking, 35(1):129--136.

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. 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, pt. 1):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.