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Piti Disyatat

Personal Details

First Name:Piti
Middle Name:
Last Name:Disyatat
RePEc Short-ID:pdi72


(90%) Puey Ungphakorn Institute for Economic Research (PIER)

Bangkok, Thailand

: +662-2836066
273 Samsen Road, Watsamphraya, Phra Nakhon District, Bangkok 10200
RePEc:edi:pierbth (more details at EDIRC)

(10%) Bank of Thailand

Bangkok, Thailand

: (662) 283-5353
(662) 280-0449
273 Samsen Road, Bangkhunprom, Bangkok
RePEc:edi:botgvth (more details at EDIRC)

Research output

Jump to: Working papers Articles Chapters

Working papers

  1. Tosapol Apaitan & Nasha Ananchotikul & Piti Disyatat, 2017. "Structural Transformation in Thailand: A Perspective Through Product Innovation," PIER Discussion Papers 72, Puey Ungphakorn Institute for Economic Research, revised Oct 2017.
  2. Borio, Claudia & Disyatat, Piti & Juselius, Mikael & Rungcharoenkitkul, Phurichai, 2017. "Why so low for so long? A long-term view of real interest rates," Research Discussion Papers 36/2017, Bank of Finland.
  3. Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2016. "Monetary policy, the financial cycle and ultra-low interest rates," BIS Working Papers 569, Bank for International Settlements.
  4. Tosapol Apaitan & Piti Disyatat & Krislert Samphantharak, 2016. "Dissecting Thailand's International Trade: Evidence from 88 Million Export and Import Entries," PIER Discussion Papers 43., Puey Ungphakorn Institute for Economic Research, revised Sep 2016.
  5. Piti Disyatat & Phurichai Rungcharoenkitkul, 2015. "Monetary policy and financial spillovers: losing traction?," BIS Working Papers 518, Bank for International Settlements.
  6. Claudio Borio & Piti Disyatat, 2015. "Capital flows and the current account: Taking financing (more) seriously," BIS Working Papers 525, Bank for International Settlements.
  7. Claudio Borio & Piti Disyatat & Mikael Juselius, 2014. "A parsimonious approach to incorporating economic information in measures of potential output," BIS Working Papers 442, Bank for International Settlements.
  8. Claudio Borio & Frank Piti Disyatat & Mikael Juselius, 2013. "Rethinking potential output: Embedding information about the financial cycle," BIS Working Papers 404, Bank for International Settlements.
  9. Claudio Borio & Piti Disyatat, 2011. "Global imbalances and the financial crisis: Link or no link?," BIS Working Papers 346, Bank for International Settlements.
  10. Piti Disyatat, 2010. "The bank lending channel revisited," BIS Working Papers 297, Bank for International Settlements.
  11. Claudio Borio & Piti Disyatat, 2009. "Unconventional monetary policies: an appraisal," BIS Working Papers 292, Bank for International Settlements.
  12. Piti Disyatat, 2008. "Monetary policy implementation: Misconceptions and their consequences," BIS Working Papers 269, Bank for International Settlements.
  13. Piti Disyatat & Chayawadee Chai-anant, 2007. "Challenges to Managing Risk and Volatility in the Emerging Market Context," Working Papers 2007-01, Monetary Policy Group, Bank of Thailand.
  14. Piti Disyatat, 2005. "Inflation targeting, asset prices and financial imbalances: conceptualizing the debate," BIS Working Papers 168, Bank for International Settlements.
  15. Gabriele Galati & Piti Disyatat, 2005. "The effectiveness of foreign exchange intervention in emerging market countries: evidence from the Czech koruna," BIS Working Papers 172, Bank for International Settlements.
  16. Piti Disyatat, 2003. "Asia in a Low Inflation Environment: Facts, Orgins, and Implications for Policy," Working Papers 2003-09, Monetary Policy Group, Bank of Thailand.
  17. Piti Disyatat & Don Nakornthab, 2003. "Balance Sheets and Economic Recovery," Working Papers 2003-02, Monetary Policy Group, Bank of Thailand.
  18. Piti Disyatat & Pinnarat Wongsinsirikul, 2002. "Monetary Policy and the Transmission Mechanism in Thailand," Working Papers 2002-01, Monetary Policy Group, Bank of Thailand.
  19. Piti Disyatat & R. G Gelos, 2001. "The Asset Allocation of Emerging Market Mutual Funds," IMF Working Papers 01/111, International Monetary Fund.
  20. Piti Disyatat, 2001. "Currency Crises and the Real Economy; The Role of Banks," IMF Working Papers 01/49, International Monetary Fund.
  21. Piti Disyatat, 2001. "Currency Crises and Foreign Reserves; A Simple Model," IMF Working Papers 01/18, International Monetary Fund.
  22. Jörg Decressin & Piti Disyatat, 2000. "Capital Markets and External Current Accounts; What to Expect From the Euro," IMF Working Papers 00/154, International Monetary Fund.


  1. Disyatat, Piti & Rungcharoenkitkul, Phurichai, 2017. "Monetary policy and financial spillovers: Losing traction?," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 115-136.
  2. Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2017. "Monetary Policy, the Financial Cycle, and Ultra-Low Interest Rates," International Journal of Central Banking, International Journal of Central Banking, vol. 13(3), pages 55-89, September.
  3. Claudio BorioBy & Piti Disyatat & Mikael Juselius, 2017. "Rethinking potential output: embedding information about the financial cycle," Oxford Economic Papers, Oxford University Press, vol. 69(3), pages 655-677.
  4. Piti Disyatat, 2011. "The Bank Lending Channel Revisited," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(4), pages 711-734, June.
  5. Disyatat, Piti, 2010. "Inflation targeting, asset prices, and financial imbalances: Contextualizing the debate," Journal of Financial Stability, Elsevier, vol. 6(3), pages 145-155, September.
  6. Claudio BORIO & Piti DISYATAT, 2010. "Global Imbalances and the Financial Crisis: Reassessing the Role of International Finance," Asian Economic Policy Review, Japan Center for Economic Research, vol. 5(2), pages 198-216, December.
  7. Claudio Borio & Piti Disyatat, 2010. "Unconventional Monetary Policies: An Appraisal," Manchester School, University of Manchester, vol. 78(s1), pages 53-89, September.
  8. Stephen G. Cecchetti & Piti Disyatat, 2010. "Central bank tools and liquidity shortages," Economic Policy Review, Federal Reserve Bank of New York, issue Aug, pages 29-42.
  9. Decressin, Jörg & Disyatat, Piti, 2008. "Productivity shocks and the current account: An alternative perspective of capital market integration," Journal of International Money and Finance, Elsevier, vol. 27(6), pages 897-914, October.
  10. Disyatat, Piti & Galati, Gabriele, 2007. "The effectiveness of foreign exchange intervention in emerging market countries: Evidence from the Czech koruna," Journal of International Money and Finance, Elsevier, vol. 26(3), pages 383-402, April.
  11. Disyatat, Piti, 2004. "Currency crises and the real economy: The role of banks," European Economic Review, Elsevier, vol. 48(1), pages 75-90, February.
  12. Disyatat, Piti & Vongsinsirikul, Pinnarat, 2003. "Monetary policy and the transmission mechanism in Thailand," Journal of Asian Economics, Elsevier, vol. 14(3), pages 389-418, June.


  1. Piti Disyatat, 2017. "Discussion of Exploring the Link between the Macroeconomic and Financial Cycles," RBA Annual Conference Volume,in: Jonathan Hambur & John Simon (ed.), Monetary Policy and Financial Stability in a World of Low Interest Rates Reserve Bank of Australia.
  2. Piti Disyatat & Phurichai Rungcharoenkitkul, 2016. "Financial globalisation and monetary independence," BIS Papers chapters,in: Bank for International Settlements (ed.), Expanding the boundaries of monetary policy in Asia and the Pacific, volume 88, pages 213-225 Bank for International Settlements.
  3. Piti Disyatat, 2013. "Discussion of Funding Flows and Credit in Carry Trade Economies," RBA Annual Conference Volume,in: Alexandra Heath & Matthew Lilley & Mark Manning (ed.), Liquidity and Funding Markets Reserve Bank of Australia.
  4. Piti Disyatat, 2012. "Discussion of Property Prices and Bank Risk-taking," RBA Annual Conference Volume,in: Alexandra Heath & Frank Packer & Callan Windsor (ed.), Property Markets and Financial Stability Reserve Bank of Australia.
  5. Bandid Nijathaworn & Piti Disyatat, 2009. "The Pursuit of Monetary and Financial Stability in Emerging Market Economies," Chapters,in: Monetary Policy Frameworks for Emerging Markets, chapter 2 Edward Elgar Publishing.
  6. Piti Disyatat & Gabriele Galati, 2005. "The effectiveness of foreign exchange intervention in emerging market countries," BIS Papers chapters,in: Bank for International Settlements (ed.), Foreign exchange market intervention in emerging markets: motives, techniques and implications, volume 24, pages 97-113 Bank for International Settlements.

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Co-authorship network on CollEc

Featured entries

This author is featured on the following reading lists, publication compilations or Wikipedia entries:
  1. Thai Economists

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 13 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (9) 2009-01-31 2009-12-05 2011-06-04 2013-03-09 2014-02-15 2016-07-23 2016-08-28 2018-01-01 2018-01-01. Author is listed
  2. NEP-CBA: Central Banking (8) 2006-07-02 2009-12-05 2011-06-04 2013-03-09 2015-10-17 2016-07-23 2016-08-28 2018-01-01. Author is listed
  3. NEP-MON: Monetary Economics (7) 2009-01-31 2009-12-05 2010-04-17 2011-06-04 2015-10-17 2016-07-23 2016-08-28. Author is listed
  4. NEP-BAN: Banking (3) 2006-07-02 2010-04-17 2011-06-04
  5. NEP-FDG: Financial Development & Growth (3) 2006-07-02 2016-07-23 2016-08-28
  6. NEP-FMK: Financial Markets (2) 2006-07-02 2011-06-04
  7. NEP-IFN: International Finance (2) 2006-07-02 2015-10-25
  8. NEP-OPM: Open Economy Macroeconomics (2) 2011-06-04 2015-10-25
  9. NEP-ACC: Accounting & Auditing (1) 2015-10-25
  10. NEP-HIS: Business, Economic & Financial History (1) 2018-01-01
  11. NEP-HPE: History & Philosophy of Economics (1) 2009-12-05
  12. NEP-SOG: Sociology of Economics (1) 2014-02-15


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