Publications

» Publications in Refereed Journals

The role of macroprudential policies under carbon pricing. International Review of Economics & Finance, Vol. 93, Part A, 858-875, 2024. https://doi.org/10.1016/j.iref.2024.03.044

Green transition and financial stability: The role of green monetary and macroprudential policies and vouchers (with Ying Tung Chan and Hong Zhao ). Energy Economics, Vol. 132-107449, 2024. https://doi.org/10.1016/j.eneco.2024.107449

Navigating geopolitical crises for energy security: Evaluating optimal subsidy policies via a Markov switching DSGE model (with Ying Tung Chan and Hong Zhao ). Journal of Environmental Management, Vol. 349-119619, 2024. https://doi.org/10.1016/j.jenvman.2023.119619

E-DSGE model with endogenous capital utilization rate (with Ying Tung Chan). Journal of Cleaner Production, Vol. 414-137640, 2023. https://doi.org/10.1016/j.jclepro.2023.137640

Environmental regulation and financial stability: Evidence from Chinese manufacturing firms (with Bihong Huang and Yu Wu). Journal of Banking and Finance, Vol. 136-106396, 2022. https://doi.org/10.1016/j.jbankfin.2021.106396

Do Banks Price Environmental Risk? Evidence from a Quasi Natural Experiment in the People's Republic of China (with Bihong Huang and Yu Wu). Journal of Corporate Finance, Vol. 69-101983, 2021. https://doi.org/10.1016/j.jcorpfin.2021.101983

The Transmission of Interest Rates Shocks to Asia – Are Effects Different Below the Zero Lower Bound? (with M. Feldkircher, F. Huber, P. Chantapacdepong). Emerging Markets Finance and Trade, Vol. 57(13), 2021, Pages 1-17. https://doi.org/10.1080/1540496X.2019.1709438

International housing markets, unconventional monetary policy and the zero lower bound (with F. Huber). Macroeconomic Dynamics, Vol. 24(4), 2020, Pages 774-806.

The impact of uncertainty on the macro-financial linkage with international financial exposure. Journal of Economics and Business, Vol. 110, 2020, 105894.

The impact of energy price uncertainty on macroeconomic variables. Energy Policy, Vol. 129, 2019, Pages 1306-1319.

Effectiveness of macroprudential policies under borrower heterogeneity (with K. Rabitsch). Journal of International Money and Finance, Vol. 85, 2018, Pages 251-261.

The Shortage of Safe Assets in the US Investment Portfolio: Some International Evidence (with F. Huber). Journal of International Money and Finance, Vol. 74, 2017, Pages 318-336.

Expectations-Driven Cycles in the Housing Market (with L. Lambertini and C. Mendicino). Economic Modelling, Vol. 60, January 2017, Pages 297-312.

Investor borrowing heterogeneity in a Kiyotaki-Moore style macro model (with K. Rabitsch). Economics Letters, Vol. 130, May 2015, Pages 75-79.

Testing the Global Banking Glut Hypothesis (with K. Kauko). Journal of Financial Stability, Vol. 19, August 2015, Pages 128-151.

House Prices, Capital Inflows and Macro-prudential Policy (with C. Mendicino). Journal of Banking and Finance, Vol. 49, 2014, Pages 337-355.

Financial and Economic Downturns in OECD Countries (with M. Haavio and C. Mendicino). Applied Economics Letters, Vol. 21(6), 2014, Pages. 407-412.

Expectation-Driven Cycles in the Housing Market: Evidence from Survey Data (with L. Lambertini and C. Mendicino). Journal of Financial Stability, Volume 9(4), December 2013, Pages 518-529.

Leaning Against Boom-Bust Cycles in Credit and Housing Prices: Monetary and Macroprudential Policy (with L. Lambertini and C. Mendicino). Journal of Economic Dynamics and Control, Volume 37, Issue 8, August 2013, Pages 1500–1522, 2013.

Housing Market and Current Account Imbalances in the International Economy. Review of International Economics, Vol. 21(4), September 2013, Pages 601-613.

Housing Market and Macroeconomic Boom-Bust Cycles (with C. Mendicino). Moneda y Crédito, vol. 230, 2010.

» Books

Chapter 8: Household debt: supply-driven sugar rushes, in The Sustainability of Asia's Debt - Problems, Policies, and Practices (2022). Edited by: Benno Ferrarini, Marcelo M. Giungale and Juan J. Pradelli. (www.elgaronline.com/search?f_0=author&q_0=Maria+Teresa+Punzi ).
Role of Bank Lending in Financing Green Projects. Handbook of Green Finance - Energy Security and Sustainable Development (2019). Editor: Jeffrey Sachs (Columbia University, New York), Wing Thye Woo (University of California at Davis), Naoyuki Yoshino (Asian Development Bank), Farhad Taghizadeh-Hesary (Waseda University). (https://link.springer.com/referencework/10.1007%2F978-981-10-8710-3#toc).
The Distributional Impact of Monetary Policy in SEACEN Economies. SEACEN Research Study (RP106)
Spillover Effects of Unconventional Monetary Policy in Asia and Pacific (with Pornpinun Chantapacdepong), in Oxford University Press (2019). Editor: N. Yoshino, P. Chantapacdepong, M. Helble. Book Title: Macroeconomic Shocks and Unconventional Monetary Policy: Impacts on Emerging Markets.
Household Debt in SEACEN Economies. SEACEN Research Study (RP102)

» Other Articles and Publications

B. Huang, M.T. Punzi and Y. WU. Do Banks Price Environmental Transition Risks? Evidence from a Quasi-Natural Experiment in a Chinese Province. IMF Working Paper WP/21/228.

The Transmission of Interest Rates Shocks to Asia – Are Effects Different Below the Zero Lower Bound? (with M. Feldkircher, F. Huber, P. Chantapacdepong), ADBI Working Paper No. 690- 2017.
Spillover Effects of Unconventional Monetary Policy in Asia and Pacific (with Pornpinun Chantapacdepong), ADBI Working Paper No. 630 - 2017.
Confidence and Economic Activity: the Case of Portugal (with C.Mendicino), Economic Bulletin and Financial Stability Report Articles, Article 39-2013, Banco de Portugal, Economics and Research Department.
Cross-country Corruption and Housing Price Fluctuations: empirical evidence (with C. R. Goel), Economia Internazionale, Camera di Commercio, 2013, volume 66, issue 3.
Boom-Bust Cycles and Stabilization Policy: Monetary and Macro-Prudential Rules (with C. Mendicino), Economic Bulletin, Banco de Portugal, 2011:09.
Boom-Bust Cycles and Stabilization Policy (with C. Mendicino), BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential regulation and policy, 2011, volume 60, pages 58-65. ISBN: 1609-0381.
Financing of Global Imbalances (with Chris Walker), IMF Working Paper No. 07/177 - 2007.