NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Jeffrey A. Frankel

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Books

NBER International Seminar on Macroeconomics 2014
with Richard Clarida, Francesco Giavazzi, Hélène Rey
Conference held June 27-28, 2014
Forthcoming from Journal of International Economics
in NBER Book Series NBER International Seminar on Macroeconomics

NBER International Seminar on Macroeconomics 2011
with Christopher Pissarides
Conference held June 17-18, 2011
Published in May 2012 by University of Chicago Press
© 2012 by the National Bureau of Economic Research
in NBER Book Series NBER International Seminar on Macroeconomics

Global Financial Crisis
with Charles Engel, Kristin Forbes
Conference held June 3-4, 2011
Published in November 2012 by Elsevier, Journal of International Economics 88(2)

NBER International Seminar on Macroeconomics 2008
with Christopher Pissarides
Conference held June 20-21, 2008
Published in April 2009 by University of Chicago Press
© 2009 by the National Bureau of Economic Research
in NBER Book Series NBER International Seminar on Macroeconomics

NBER International Seminar on Macroeconomics 2005
with Christopher Pissarides
Conference held June 17-18, 2005
Published in May 2007 by MIT Press
in NBER Book Series NBER International Seminar on Macroeconomics

NBER International Seminar on Macroeconomics 2004
with Richard H. Clarida, Francesco Giavazzi, Kenneth D. West
Conference held June 13-14, 2003; June 18-19, 2004
Published in September 2006 by The MIT Press
in NBER Book Series NBER International Seminar on Macroeconomics

Managing Currency Crises in Emerging Markets
with Michael P. Dooley
Conference held March 28-31, 2001
Published in January 2003 by University of Chicago Press
© 2003 by the National Bureau of Economic Research

Preventing Currency Crises in Emerging Markets
with Sebastian Edwards
Conference held January 2001
Published in January 2002 by University of Chicago Press
© 2002 by the National Bureau of Economic Research

International Seminar on Macroeconomics
with Francesco Giavazzi
Conference held June 8-9, 2001
Published in June 2002 by European Economic Review, Volume 46, no. 6 (Elsevier Science Publishers)
in NBER Book Series NBER International Seminar on Macroeconomics

The Regionalization of the World Economy
Published in January 1998 by University of Chicago Press
© 1998 by the National Bureau of Economic Research

The Microstructure of Foreign Exchange Markets
with Giampaolo Galli, Alberto Giovannini
Conference held July 1-2, 1994
Published in January 1996 by University of Chicago Press
© 1996 by the National Bureau of Economic Research

International Seminar on Macroeconomics
with Guido Tabellini
Conference held June 23-24, 1994
Published in May 1995 by European Economic Review, Volume 39, Number 5 (Elsevier)
in NBER Book Series NBER International Seminar on Macroeconomics

The Internationalization of Equity Markets
Conference held October 1-2, 1993
Published in January 1994 by University of Chicago Press
© 1994 by the National Bureau of Economic Research

Regionalism and Rivalry: Japan and the United States in Pacific Asia
with Miles Kahler
Conference held April 2-5, 1992
Published in January 1993 by The University of Chicago Press
© 1993 by the National Bureau of Economic Research

Working Papers and Chapters

May 2014Mauritius: African Success Story
in African Successes: Sustainable Growth, Sebastian Edwards, Simon Johnson, and David N. Weil, editors
September 2013Effects of Speculation and Interest Rates in a "Carry Trade" Model of Commodity Prices
w19463

Published: Frankel, Jeffrey A., 2014. "Effects of speculation and interest rates in a “carry trade” model of commodity prices," Journal of International Money and Finance, Elsevier, vol. 42(C), pages 88-112. citation courtesy of

August 2012Over-optimistic Official Forecasts in the Eurozone and Fiscal Rules
with Jesse Schreger: w18283
December 2011Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets to Build on Copenhagen and Cancun
with Valentina Bosetti: w17669
November 2011On Graduation from Fiscal Procyclicality
with Carlos A. Végh, Guillermo Vuletin: w17619

Published: Frankel, Jeffrey A. & Vegh, Carlos A. & Vuletin, Guillermo, 2013. "On graduation from fiscal procyclicality," Journal of Development Economics, Elsevier, vol. 100(1), pages 32-47. citation courtesy of

September 2011Introduction to "NBER International Seminar on Macroeconomics 2011"
with Christopher Pissarides
in NBER International Seminar on Macroeconomics 2011, Jeffrey Frankel and Christopher Pissarides, organizers
July 2011Over-optimism in Forecasts by Official Budget Agencies and Its Implications
w17239

Published: Jeffrey Frankel, 2011. "Over-optimism in forecasts by official budget agencies and its implications," Oxford Review of Economic Policy, Oxford University Press, vol. 27(4), pages 536-562. citation courtesy of

June 2011Front matter, abstracts
with Christopher Pissarides
in NBER International Seminar on Macroeconomics 2011, Jeffrey Frankel and Christopher Pissarides, organizers
April 2011A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile
w16945

Published: Jeffrey Frankel, 2011. "A Solution to Fiscal Procyclicality: the Structural Budget Institutions Pioneered by Chile," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 14(2), pages 39-78, August. citation courtesy of

December 2010Mauritius: African Success Story
w16569

Forthcoming: Mauritius: African Success Story, Jeffrey Frankel. in African Successes: Sustainable Growth, Edwards, Johnson, and Weil. 2014

November 2010Comment on "Financial Cycles: What? How? When?"
in NBER International Seminar on Macroeconomics 2010, Richard Clarida and Francesco Giavazzi, organizers
September 2010A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America
w16362

Published: “ A Compari son of Product Price Targeting and Other Mo netary Anchor Options , for Commodity - Exporters in Latin America ," Economia , Journal of LACEA, vol.12, no.1 (Brookings Institution), 2011 : 1 - 57 . NBER WP 16362 . CID WP 225, Nov. 2011.

June 2010Monetary Policy in Emerging Markets: A Survey
w16125

Published: “ Monetary Policy in Emerging Markets ,” Handbook of Moneta ry Economics , edited by Benjamin Friedman and Michael Woodford (North Holland : The Netherlands ) , vol.3B, 201 1, pp.14 39 - 15 2 0 . NBER W orking P aper No. 16125 .

Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008-09 Global Crisis
with George Saravelos: w16047

Published: “Are Leading Indicators of Financial Crises Useful for Assessing Country Vulnerability? Evidence from the 2008 - 09 Global C ris is,” with George Saravelos, Journal of International Economics 87 , no.2, July 2012 : pp. 216 - 2 31. HKS RWP 11 - 024. NBER WP 16047 .

March 2010The Natural Resource Curse: A Survey
w15836

Published: “ T he Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions , ” in Commodity Price Volatility and Inclusive Growth in Low - Income Countries , edited by Rabah Arezki , Catherine Pattillo, Marc Quintyn and Min Zhu (International Monetary Fund) , 2012 . CID W P 233; HKS RWP 12 - 014.

Comment on "China's Current Account and Exchange Rate"
in China's Growing Role in World Trade, Robert C. Feenstra and Shang-Jin Wei, editors
February 2010The Estimated Trade Effects of the Euro: Why Are They Below Those from Historical Monetary Unions among Smaller Countries?
in Europe and the Euro, Alberto Alesina and Francesco Giavazzi, editors
December 2009Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes
with Daniel Xie: w15620

Published: Jeffrey Frankel & Daniel Xie, 2010. "Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes," American Economic Review, American Economic Association, vol. 100(2), pages 568-72, May. citation courtesy of

November 2009Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460 ppm CO2 Concentrations
with Valentina Bosetti: w15516

Published: “Politically Feasible Emission Target Formulas to Attai n 460 ppm CO2 Concentrations,” with Valentina Bosetti; Review of Environmental Economics and Policy , vol.6, no.1, winter 201 2: 86 - 109 . CID WP 224 , Oct. 2 011; HKS RWP 11 - 016. Revised from “ Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460PPM CO2 Concentrations ," NBER WP 15516.

October 2009Are Bilateral Remittances Countercyclical?
w15419

Published: Jeffrey Frankel, 2011. "Are Bilateral Remittances Countercyclical?," Open Economies Review, Springer, vol. 22(1), pages 1-16, February. citation courtesy of

April 2009Introduction to "NBER International Seminar on Macroeconomics 2008"
with Christopher Pissarides
in NBER International Seminar on Macroeconomics 2008, Jeffrey Frankel and Christopher Pissarides, organizers
Comment on "Plant-Size Distribution and Cross-Country Income Differences"
in NBER International Seminar on Macroeconomics 2008, Jeffrey Frankel and Christopher Pissarides, organizers
An Elaborated Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades
w14876
February 2009New Estimation of China's Exchange Rate Regime
w14700

Published: JeffreyA. Frankel, 2009. "New Estimation Of China'S Exchange Rate Regime," Pacific Economic Review, Blackwell Publishing, vol. 14(3), pages 346-360, 08. citation courtesy of

January 2009Comment on "The Simple Geometry of Transmission and Stabilization in Closed and Open Economies"
in NBER International Seminar on Macroeconomics 2007, Richard Clarida and Francesco Giavazzi, organizers
December 2008The Estimated Effects of the Euro on Trade: Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?
w14542

Published: The Estimated Trade Effects of the Euro: Why Are They Below Those from Historical Monetary Unions among Smaller Countries?, Jeffrey Frankel. in Europe and the Euro, Alesina and Giavazzi. 2010

September 2008The Effect of Monetary Policy on Real Commodity Prices
in Asset Prices and Monetary Policy, John Y. Campbell, editor
May 2008Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights
with Shang-Jin Wei: w14016

Published: Jeffrey Frankel & Shang-Jin Wei, 2008. "Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights," IMF Staff Papers, Palgrave Macmillan Journals, vol. 55(3), pages 384-416, July. citation courtesy of

April 2008The Euro May Over the Next 15 Years Surpass the Dollar as Leading International Currency
with Menzie D. Chinn: w13909
May 2007Front matter, table of contents, abstracts
with Christopher A. Pissarides
in NBER International Seminar on Macroeconomics 2005, Jeffrey A. Frankel and Christopher Pissarides, editors
Introduction to "NBER International Seminar on Macroeconomics 2005"
with Christopher A. Pissarides
in NBER International Seminar on Macroeconomics 2005, Jeffrey A. Frankel and Christopher Pissarides, editors
Assessing China's Exchange Rate Regime
with Shang-Jin Wei: w13100

Published: Jeffrey A. Frankel & Shang-Jin Wei, 2007. "Assessing China's exchange rate regime," Economic Policy, CEPR, CES, MSH, vol. 22, pages 575-627, 07. citation courtesy of

Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?
with Menzie Chinn
in G7 Current Account Imbalances: Sustainability and Adjustment, Richard H. Clarida, editor
April 2007On the Rand: Determinants of the South African Exchange Rate
w13050

Published: Jeffrey Frankel, 2007. "On The Rand: Determinants Of The South African Exchange Rate," South African Journal of Economics, Economic Society of South Africa, vol. 75(3), pages 425-441, 09. citation courtesy of

December 2006The Effect of Monetary Policy on Real Commodity Prices
w12713

Published: The Effect of Monetary Policy on Real Commodity Prices, Jeffrey A. Frankel. in Asset Prices and Monetary Policy, Campbell. 2008

September 2006Front matter, table of contents, abstracts
with Richard H. Clarida, Francesco Giavazzi, Kenneth D. West
in NBER International Seminar on Macroeconomics 2004, Richard H. Clarida, Jeffrey Frankel, Francesco Giavazzi and Kenneth D. West, editors
Introduction to "NBER International Seminar on Macroeconomics 2004"
with Richard H. Clarida, Francesco Giavazzi, Kenneth D. West
in NBER International Seminar on Macroeconomics 2004, Richard H. Clarida, Jeffrey Frankel, Francesco Giavazzi and Kenneth D. West, editors
August 2006The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies
with Jumana Poonawala: w12496

Published: Frankel, Jeffrey & Poonawala, Jumana, 2010. "The forward market in emerging currencies: Less biased than in major currencies," Journal of International Money and Finance, Elsevier, vol. 29(3), pages 585-598, April. citation courtesy of

August 2005Contractionary Currency Crashes in Developing Countries
w11508
Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?
with Menzie Chinn: w11510

Published: Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?, Menzie Chinn, Jeffrey A. Frankel. in G7 Current Account Imbalances: Sustainability and Adjustment, Clarida. 2007

April 2005On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate
w11274
March 2005Slow Passthrough Around the World: A New Import for Developing Countries?
with David C. Parsley, Shang-Jin Wei: w11199

Published: Jeffrey Frankel & David Parsley & Shang-Jin Wei, 2012. "Slow Pass-through Around the World: A New Import for Developing Countries?," Open Economies Review, Springer, vol. 23(2), pages 213-251, April. citation courtesy of

December 2004Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, Or Less? Using Gravity to Establish Causality
with Eduardo A. Cavallo: w10957

Published: Cavallo, Eduardo A. & Frankel, Jeffrey A., 2008. "Does openness to trade make countries more vulnerable to sudden stops, or less? Using gravity to establish causality," Journal of International Money and Finance, Elsevier, vol. 27(8), pages 1430-1452, December. citation courtesy of

November 2004Managing Macroeconomic Crises
with Shang-Jin Wei: w10907

Published: Aizenman, Joshua and Brian Pinto (eds.) Managing Economic Volatility and Crises: A Practitioner’s Guide. Cambridge: Cambridge University Press, 2005.

November 2003The Environment and Globalization
w10090
October 2003Experience of and Lessons from Exchange Rate Regime in Emerging Economies
w10032
January 2003Industrial Country Policies
with Nouriel Roubini, Mervyn King, Robert Rubin, George Soros
in Economic and Financial Crises in Emerging Market Economies, Martin Feldstein, editor
September 2002Is Trade Good or Bad for the Environment? Sorting Out the Causality
with Andrew K. Rose: w9201

Published: Jeffrey A. Frankel & Andrew K. Rose, 2005. "Is Trade Good or Bad for the Environment? Sorting Out the Causality," The Review of Economics and Statistics, MIT Press, vol. 87(1), pages 85-91, October. citation courtesy of

March 2002Global Transmission of Interest Rates: Monetary Independence and Currency Regime
with Sergio L. Schmukler, Luis Serven: w8828

Published: Frankel, Jeffrey, Sergio L. Schmukler and Luis Serven. "Global Transmission Of Interest Rates: Monetary Independence And Currency Regime," Journal of International Money and Finance, 2004, v23(5,Sep), 701-733. citation courtesy of

January 2002Front matter, acknowledgment, table of contents
with Sebastian Edwards
in Preventing Currency Crises in Emerging Markets, Sebastian Edwards and Jeffrey A. Frankel, editors
Introduction to "Preventing Currency Crises in Emerging Markets"
with Sebastian Edwards
in Preventing Currency Crises in Emerging Markets, Sebastian Edwards and Jeffrey A. Frankel, editors
List of Contributors, Indexes
with Sebastian Edwards
in Preventing Currency Crises in Emerging Markets, Sebastian Edwards and Jeffrey A. Frankel, editors
December 2001The Role of Industrial Country Policies in Emerging Market Crises
with Nouriel Roubini: w8634

Published: Feldstein, Martin (ed.) Economic and Financial Crises in Emerging Market Economies. 2003.

September 2000Verifiability and the Vanishing Intermediate Exchange Rate Regime
with Sergio Schmukler, Luis Serven: w7901

Published: Collins, Susan and Dani Rodrik (eds.) Brookings Trade Forum 2000. Washington D.C.: Brookings Institution.

August 2000Estimating the Effect of Currency Unions on Trade and Output
with Andrew K. Rose: w7857

Published: Frankel, Jeffrey A. and Andrew Rose. “An Estimate of the Effect of Common Currencies on Trade and Income.” Quarterly Journal of Economics CXVII, 2 (May 2002): 437-466.

Globalization of the Economy
w7858

Published:

  • in Nye, Joseph and John Donahue (eds.) Governance in a Globalizing World, Visions of Governance Project. Washington, DC: Brookings Institution Press, 2000 p. 45-71
  • Art, Robert and Robert Jervis (eds.) International Politics: Enduring Concepts and Contemporary Issues. (7th edition) Longman, 2005.
  • Frieden, Jeffry, David Lake and J. Lawrence Broz (eds.) International Political Economy. New York: Norton, 2009.

January 2000Panel Presentation: The Asian Model, the Miracle, the Crisis, and the Fund
in Currency Crises, Paul Krugman, editor
September 1999No Single Currency Regime is Right for All Countries or At All Times
w7338

Published: Essays in International Finance, no. 215 (December 1998), Princeton: Princeton University Press.

January 1998Front matter, The Regionalization of the World Economy
in The Regionalization of the World Economy, Jeffrey A. Frankel, editor
Introduction to "Regionalization of the World Economy, The"
in The Regionalization of the World Economy, Jeffrey A. Frankel, editor
Regionalization of World Trade and Currencies: Economics and Politics
with Shang-Jin Wei
in The Regionalization of the World Economy, Jeffrey A. Frankel, editor
Continental Trading Blocs: Are They Natural or Supernatural?
with Ernesto Stein, Shang-Jin Wei
in The Regionalization of the World Economy, Jeffrey A. Frankel, editor
January 1997Open versus Closed Trade Blocs
with Shang-Jin Wei
in Regionalism versus Multilateral Trade Arrangements, NBER-EASE Volume 6, Takatoshi Ito and Anne O. Krueger, Eds.
August 1996The Endogeneity of the Optimum Currency Area Criteria
with Andrew K. Rose: w5700

Published: The Economic Journal, Vol. 108, no. 449 (July 1998): 1009-1025. Reprinted in Swedish Economy Policy Review 4 (1997): 487-512. citation courtesy of

Country Fund Discounts, Asymmetric Information and the Mexican Crisis of 1994: Did Local Residents Turn Pessimistic Before International Investors?
with Sergio L. Schmukler: w5714

Published: Reprinted in Currency Crashes: Causes, Consequences and Policy Responses, edited by George Tavlas, Kluwer, 1997, 81-104.

Trade and Growth in East Asian Countries: Cause and Effect?
with David Romer, Teresa Cyrus: w5732

Published: NICs After the Asian Miracle, Singer, H., N. Hatti, and R. Tandon, eds., India: BR Publishing, 2000.

March 1996Trade and Growth: An Empirical Investigation
with David Romer: w5476

Published: American Economic Review, Vol. 89, no. 3 (June 1999): 379-399.(Published under title "Does Trade Cause Growth?")

January 1996How Well do Foreign Exchange Markets Function: Might a Tobin Tax Help?
w5422

Published: in the Tobin Tax: Coping with Financial Volatility, Mahbub Ul Haq, Inga Kaul and Isabelle Grunberg, eds. Oxford University, (with E. Stein and S.J. Wei), American Economic Review, 86, no.2, May 1996, pp.52-56.

Regional Trading Arrangement: Natural or Super-Natural?
with Ernesto Stein, Shang-Jin Wei: w5431

Published:

  • American Economic Review, Vol. 86, no.2 (May 1996). citation courtesy of
  • Regional Trading Arrangements, H. Singer, N. Hatti, and R. Tandon, eds., India: BRPC, 2000.

Currency Crashes in Emerging Markets: Empirical Indicators
with Andrew K. Rose: w5437

Published: Journal of International Economics, 1996

Front matter, table of contents, preface
with Giampaolo Galli, Alberto Giovannini
in The Microstructure of Foreign Exchange Markets, Jeffrey A. Frankel, Giampaolo Galli, Alberto Giovannini, editors
Introduction to "The Microstructure of Foreign Exchange Markets"
with Giampaolo Galli, Alberto Giovannini
in The Microstructure of Foreign Exchange Markets, Jeffrey A. Frankel, Giampaolo Galli, Alberto Giovannini, editors
List of Contributors, Indexes
with Giampaolo Galli, Alberto Giovannini
in The Microstructure of Foreign Exchange Markets, Jeffrey A. Frankel, Giampaolo Galli, Alberto Giovannini, editors
September 1995Open Regionalism in a World of Continental Trade Blocs
with Shang-Jin Wei: w5272

Published: IMF Staff Papers 45, no.3 (September 1998): 440-453. citation courtesy of

June 1995Liberalized Portfolio Capital Inflows in Emerging Capital Markets: Sterilization, Expectations, and the Incompleteness of Interest Rate Convergence
with Chudozie Okongwu: w5156

Published: International Journal of Finance and Economics, December 1995, Volume 1, no . 1, pp. 1-24

February 1995A Panel Project on Purchasing Power Parity: Mean Reversion Within and Between Countries
with Andrew K. Rose: w5006

Published: Journal of International Economics, Feb.1996, vol.40, no.1-2, pp.209-224. citation courtesy of

September 1994A Survey of Empirical Research on Nominal Exchange Rates
with Andrew K. Rose: w4865

Published: G. Grossman and K. Rogoff, eds. Handbook of International Economics. North Holland, Amsterdam, 1995

January 1994Front matter, table of contents, preface
in The Internationalization of Equity Markets , Jeffrey A. Frankel, editor
Introduction to "The Internationalization of Equity Markets "
in The Internationalization of Equity Markets , Jeffrey A. Frankel, editor
List of Contributors, Indexes
in The Internationalization of Equity Markets , Jeffrey A. Frankel, editor
Yen Bloc or Dollar Bloc? Exchange Rate Policies of the East Asian Economies
with Shang-Jin Wei
in Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, NBER-EASE Volume 3, Takatoshi Ito and Anne O. Krueger, editors
Exchange Rate Policy
with C. Fred Bergsten, Michael L. Mussa
in American Economic Policy in the 1980s, Martin Feldstein, editor
December 1993Continental Trading Blocs: Are They Natural, or Super-Natural?
with Ernesto Stein, Shang-Jin Wei: w4588

Published:

The Internationalization of Equity Markets
w4590

Published: Introduction to "The Internationalization of Equity Markets ", Jeffrey A. Frankel. in The Internationalization of Equity Markets , Frankel. 1994

April 1993Emerging Currency Blocs
with Shang-Jin Wei: w4335

Published: The Future of the Internationals Monetary System and its Institutions, Genberg, Hans, ed., Geneva, 1994.

March 1993The Constrained Asset Share Estimation (CASE) Method: Testing Mean-Variance Efficiency of the U.S. Stock Market
with Charles Engel, Kenneth A. Froot, Anthony P. Rodrigues: w4294

Published: revised as: "Tests of Conditional Mean-Variance Efficiency of the US Stock Market," Journal of Empirical Finance, vol 2, March 1995.

January 1993Is Japan Creating a Yen Bloc in East Asia and the Pacific?
in Regionalism and Rivalry: Japan and the United States in Pacific Asia, Jeffrey Frankel and Miles Kahler, editors
Front matter, Regionalism and Rivalry
with Miles Kahler
in Regionalism and Rivalry: Japan and the United States in Pacific Asia, Jeffrey Frankel and Miles Kahler, editors
Introduction to "Regionalism and Rivalry: Japan and the United States in Pacific Asia"
with Miles Kahler
in Regionalism and Rivalry: Japan and the United States in Pacific Asia, Jeffrey Frankel and Miles Kahler, editors
April 1992Is Japan Creating a Yen Bloc in East Asia and the Pacific?
w4050

Published:

November 1991Are Option-Implied Forecasts of Exchange Rate Volatility Excessively Variable?
with Shang-Jin Wei: w3910
October 1991Chartists, Fundamentalists and the Demand for Dollars
with Kenneth A. Froot: r1655

Published: Private Behaviour and Government Policy in Interdependent Economies, edited by A.S. Courakis and M.P. Taylor, pp. 73-126. New York: Oxford University Press, 1990. (Note: Parts of this article are drawn from Working Paper 1 854, "The Dollar as an Irrational Speculative Bubble . . ."

September 1991Japanese Finance: A Survey
w3156

Published:

August 1991Exchange Rate Expectations and the Risk Premium: Tests For a Cross- Section of 17 Currencies
with Menzie Chinn: w3806

Published: Review of International Economics, 1: no. 2, June 1993, 136-144 citation courtesy of

Patterns in Exchange Rate Forecasts for 25 Currencies
with Menzie Chinn: w3807

Published: Journal of Money, Credit, and Banking. vol. 26, no. 4, Nov. 1994.pp. 754-770

The European Monetary System: Credible at Last?
with Steven Phillips: w3819

Published: Oxford Economic Papers: 44, 1992, 791-816 citation courtesy of

June 1991A Note on Internationally Coordinated Policy Packages Intended to be Robust Under Model Uncertainty
with Scott Erwin, Katharine Rockett: w3747

Published: "International Macroeconomic Policy Coordination When Policymakers Do Not Agree on the True Model: Reply," American Economic Review, Vol. 82, No. 4,pp. 1052-1056 (September 1992).

An Indicator of Future Inflation Extracted From the Steepness of the Interest Rate Yield Curve Along Its Entire Length
with Cara S. Lown: w3751

Published: Quarterly Journal of Economics, May 1994, pp. 517-530 citation courtesy of

February 1991Chartists, Fundamentalists, and Trading in the Foreign Exchange Market
with Kenneth A. Froot: r1512

Published:

  • The American Economic Review, Vol. 80, No. 2, pp. 181-185, (May 1990).
  • Reprinted in On Exchange Rates, J. Frankel, MIT Press, Cambridge, 1993

January 1991Quantifying International Capital Mobility in the 1980s
in National Saving and Economic Performance, B. Douglas Bernheim and John B. Shoven, editors
Japanese Finance in the 1980s: A Survey
in Trade with Japan: Has the Door Opened Wider?, Paul Krugman, editor
December 1990The Making of Exchange Rate Policy in the 1980s
w3539

Published:

October 1990Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market
with Kenneth Froot: w3470

Published: Published as "Chartists, Fundamentalists, and Trading in the Foreign Exchange Market" , American Economic Review, Vol. 80, no. 2 (1990): 181-185.

March 1990Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectations Effects for the Mark
with Kathryn M. Dominguez: w3299

Published:

January 1990Obstacles to Coordination, and a Consideration of Two Proposals to Overcome Them: International Nominal Targeting (INT) and the Hosomi Fund
in International Policy Coordination and Exchange Rate Fluctuations, William H. Branson, Jacob A. Frenkel, and Morris Goldstein, editors
April 1989Interpreting Tests of Forward Discount Bias Using Survey Data on Exchange Rate Expectations
with Kenneth A. Froot: w1963

Published:

  • Froot and Frankel, "Forward Discount Bias: Is it an Exchange Risk Premium?" from Quarterly Journal of Economics, Vol. CIV, Issue 1, pp. 139-161,(February 1989).
  • Reprinted in On Exchange Rates, J. Frankel, MIT Press, Cambridge, 1993

March 1989Conditional Mean-Variance Efficiency of the U.S. Stock Market
with Charles Engel, Kenneth A. Froot, Anthony P. Rodrigues: w2890

Published: "Tests of Conditional Mean-Variance Efficiency of the US Stock Market," Journal of Emprirical Financial, March 2, 1995 (revised)

February 1989Obstacles to Coordination, and a Consideration of Two Proposals to Overcome Them
w2849

Published:

  • "International Nominal Targeting (INT): A Proposal for Overcoming Obstacles to Policy Coordination." From Rivista di Politica Economica, Vol. LXXIX, No. XII, pp. 257-294, (December 1989), edited by John McCallum and Robert Mundell.
  • Reprinted in On Exchange Rates, J. Frankel, MIT Press, Cambridge, 1993

Quantifying International Capital Mobility in the 1980s
w2856

Published:

November 1988Ambiguous Policy Multipliers in Theory and in Empirical Models
r1076

Published: Empirical Macroeconomics for Interdependent Economies, edited by Ralph C. Bryant, Dale W. Henderson, Gerald Holtham, Peter Hooper, and Steven A. Symandky, pp. 17-26. Washington: The Brookings Instiution, 1988.(see also R1075 and W1925)

The Implications of Conflicting Models for Coordination between Monetary and Fiscal Policymakers
r1075

Published: Empirical Macroeconomics for Interdependent Economies, edited by Ralph C. Bryant, Dale W. Henderson, Gerald Holtham, Peter Hooper, and Steven A. Symansky, pp. 238-254. Washington: The Brookings Institution, 1988.(see also R1076 and W1925)

February 1988Obstacles to International Macroeconomic Policy Coordination
w2505

Published: From Princeton Studies in International Finance, No. 64, pp. 1-41,(December 1988). Journal of Public Policy, vol. 3, no. 3, 1989 (Condensed version).

1988International Capital Flows and Domestic Economic Policies
with Saburo Okita, Peter G. Peterson, James R. Schlesinger
in The United States in the World Economy, Martin Feldstein, editor
December 1987Understanding the U.S. Dollar in the Eighties: The Expectations of Chartists and Fundamentalists
with Kenneth A. Froot: r0957

Published:

  • From Economic Record, pp. 24-38, (Supplement, 1986). (NOTE: This is basedon W1854.)
  • Reprinted in On Exchange Rates, J. Frankel, MIT Press, Cambridge, 1993

The Flexible Exchange Rate System: Experience and Alternatives
with Rudiger Dornbusch: w2464

Published:

August 1987Recent Estimates of Time-Variation in the Conditional Variance and in the Exchange Risk Premium
w2367

Published:

July 1987Political vs. Currency Premia in International Real Interest Differentials: A Study of Forward Rates for 24 Countries
with Alan T. MacArthur: w2309

Published: European Economic Review, Vol. 32, No. 5, pp. 1083-1118, (June 1988). citation courtesy of

May 1987Are Exchange Rates Excessively Variable?
with Richard Meese: w2249

Published:

April 1987International Capital Flows and Domestic Economic Policies
w2210

Published:

Short-term and Long-Term Expectations of the Yen/Dollar Exchange Rate: Evidence from Survey Data
with Kenneth A. Froot: w2216

Published: Frankel, Jeffrey A. and Kenneth A. Froot. "Short-term and Long-term Expectations of the Yen/Dollar Exchange Rate: Evidence from Survey Data," From Journal of the Japanese and International Economies, Vol. 1, pp. 249-274,(1987). citation courtesy of

1987Are Exchange Rates Excessively Variable?
with Richard Meese
in NBER Macroeconomics Annual 1987, Volume 2, Stanley Fischer, editor
October 1986International Capital Mobility in Developing Countries vs. Industrial Countries: What do Saving-Investment Correlations Tell Us?
with Michael P. Dooley, Donald Mathieson: w2043

Published: Frankel, Jeffrey A., Michael Dooley, and Donald Mathieson, "International Capital Mobility: What do Saving-Investment Correlations Tell Us?,"International Monetary Fund Staff Papers, Vol 34, September 1987, pp. 503-530.

International Macroeconomic Policy Coordination When Policy-Makers Disagree on the Model
with Katharine Rockett: w2059

Published:

  • Translated into Spanish in Instituto de Estudios Fiscales, Madrid: Hacienda Publica Espanola.
  • Frankel, Jeffrey A. and Katharine Rockett. "International Macroeconomic Policy Coordination When Policymakers Do Not Agree on the True Model." From The American Economic Review, Vol. 78, No. 3, pp. 318-340, (June 1988).

September 1986Are Asset Demand Functions Determined by CAPM?
with William T. Dickens: w1113

Published: Frankel, Jeffrey A. "Portfolio Shares as 'Beta-Breakers'" Journal of Portfolio Management, vol. 11, No. 4, (Summer 1985), pp. 18-23.

May 1986The Sources of Disagreement Among International Macro Models and Implications for Policy Coordination
w1925

Published:

  • Frankel, Jeffrey A. "The Implications Of Mean-Variance Optimization For Four Questions In International Macroeconomics," Journal of International Money and Finance, 1986, v5(Supp), S53-S75.
  • as "Ambiguous Policy Multipliers in Theory and in Empirical Models" in Empirical Macroeconomics for Interdependent Economies, Ralph C. Bryant et al (eds) D.C., Brookings, April 1988.
  • as "The Implications of Conflicting Models for Coordination Between Monetary and Fiscal Policy-Makers," In Empirical Macroeconomics for Interdependent Economies, eds., Ralph Bryant, et al. (Brookings Institution Press: Washington, D.C.), May 1988.
  • in Frankel, Jeffrey A. "Financial Markets and Monetary Policy." The MIT Press (July 13, 1995)

March 1986The Dollar as an Irrational Speculative Bubble: A Tale of Fundamentalisists
with Kenneth A. Froot: w1854

Published:

December 1985International Capital Mobility and Crowding Out in the U.S. Economy: Imperfect Integration of Financial Markets or of Goods Markets?
w1773

Published:

July 1985Using Survey Data to Test Some Standard Propositions Regarding Exchange Rate Expectations
with Kenneth A. Froot: w1672

Published:

  • Frankel, Jeffrey A. and Kenneth A. Froot. "Using Standard Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations," American Economic Review, Vol. 77, No. 1, (March 1987), pp. 133-153.
  • Reprinted in On Exchange Rates, J. Frankel, MIT Press, Cambridge, 1993

May 1985The Implications of Mean-Variance Optimization for Four Questions in International Macroeconomics
w1617

Published: Frankel, Jeffrey A. "The Implications of Mean-Variance Optimization for Four Questions in International Macroeconomics," Journal of International Money and Finance, Vol. 5, Supplement, (March 1986), pp. S53-S75. citation courtesy of

1984Tests of Monetary and Portfolio Balance Models of Exchange Rate Determination
in Exchange Rate Theory and Practice, John F. O. Bilson and Richard C. Marston, eds.
September 1983A Test of Portfolio Crowding-Out and Related Issues in Finance
w1205

Published: Frankel, Jeffrey A. "Portfolio Crowding-Out Empirically Estimated," Quarterly Journal of Economics, Vol. 100, Supplement, (1985), pp. 1041-1065.

June 1983Monetary and Portfolio-Balance Models of Exchange Rate Determination
r0387

Published:

  • Frankel, Jeffrey A. "Monetary and Portfolio-Balance Models of Exchange Rate Determination." In Economic Interdependence and Flexible Exchange Rates, edited by Jagdeep S. Bhandari and Bluford H. Putnampp. 84-115. Cambridge: MI T, 1983.
  • Reprinted in On Exchange Rates, J. Frankel, MIT Press, Cambridge, 1993

May 1983Commodity Prices, Overshooting, Money Surprises, and Fed Credibility
with Gikas A. Hardouvelis: w1121

Published:

  • Frankel, Jeffrey A. and Gikas A. Hardouvelis. "Commodity Prices, Money Surprises and Fed Credibility," Journal of Money, Credit and Banking, Vol. XVI I, No. 4, Part 2, Nov. 1985, pp. 425-438.
  • J. Frankel. Financial Markets and Monetary Policy. MIT Press, 1995.W

April 1983A Relationship Between Regression Tests and Volatility Tests of Market ncy
with James H. Stock: w1105

Published: Frankel, Jeffrey A. and James H. Stock. "Regression Tests vs. Volatility Tests Efficiency of Foreign Exchange Markets," Journal of International Money and Finance, Vol. 6, 1987, pp. 49-56.

The Desirability of a Dollar Appreciation, Given a Contractionary U.S. Monetary Policy
w1110

Published: "Desirability of a Currency Appreciation, Given a Contractionary Moneyart Policy and Concave Supply Relationships." From Journal of International Economic Integration, Vol. 3, pp. 32-52, (Spring 1988).

February 1983The Mystery of the Multiplying Marks: A Modification of the Monetary Model
r0351

Published: Frankel, Jeffrey A. "The Mystery of the Multiplying Marks: A Modification of the Monetary Model." The Review of Economics and Statistics, Vol. 64, No. 3 (August 1982), pp. 515-519.

December 1982Why Money Announcements Move Interest Rates: An Answer from the Foreign Exchange Market
with Charles Engel: w1049

Published:

Do Asset-Demand Functions Optimize over the Mean and Variance of Real Returns? A Six-Currency Test
with Charles Engel: w1051

Published: Frankel, Jeffrey A. and Charles Engel. "Do Asset-Demand Functions Optimizeover the Mean and Variance of Real Returns? A Six-Currency Test." Journal of International Economics, Vol. 17, (December 1984), pp. 309-323. citation courtesy of

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