| October 2010 | Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome
w16429
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| January 2010 | The "Other" Imbalance and the Financial Crisis
w15636
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| November 2009 | Fire Sales in a Model of Complexity
with Alp Simsek: w15479
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| May 2009 | Complexity and Financial Panics
with Alp Simsek: w14997
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| January 2009 | Global Imbalances and Financial Fragility
with Arvind Krishnamurthy: w14688
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| December 2008 | Financial Crash, Commodity Prices and Global Imbalances
with Emmanuel Farhi, Pierre-Olivier Gourinchas: w14521
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| October 2008 | Future Rent-Seeking and Current Public Savings
with Pierre Yared: w14417
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| February 2008 | Inflating the Beast: Political Incentives Under Uncertainty
with Pierre Yared: w13779
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| July 2007 | Trade and Capital Flows: A Financial Frictions Perspective
with Pol AntrĂ s: w13241
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| May 2007 | Persistent Appreciations and Overshooting: A Normative Analysis
with Guido Lorenzoni: w13077
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| March 2007 | Price Stickiness in Ss Models: New Interpretations of Old Results
with Eduardo M.R.A. Engel: w12945
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| February 2007 | Collective Risk Management in a Flight to Quality Episode
with Arvind Krishnamurthy: w12896
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| December 2006 | On the Macroeconomics of Asset Shortages
w12753
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| June 2006 | Aggregate Implications of Lumpy Investment: New Evidence and a DSGE Model
with Ruediger Bachmann, Eduardo M.R.A. Engel: w12336
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| April 2006 | Zombie Lending and Depressed Restructuring in Japan
with Takeo Hoshi, Anil K. Kashyap: w12129
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| Flight to Quality and Collective Risk Management
with Arvind Krishnamurthy: w12136
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| February 2006 | An Equilibrium Model of "Global Imbalances" and Low Interest Rates
with Emmanuel Farhi, Pierre-Olivier Gourinchas: w11996
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| December 2005 | Financial System Risk and Flight to Quality
with Arvind Krishnamurthy: w11834
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| September 2005 | Bubbles and Capital Flow Volatility: Causes and Risk Management
with Arvind Krishnamurthy: w11618
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| May 2005 | A Quantitative Model of Sudden Stops and External Liquidity Management
with Stavros Panageas: w11293
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| September 2004 | Contingent Reserves Management: An Applied Framework
with Stavros Panageas: w10786
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| Effective Labor Regulation and Microeconomic Flexibility
with Ricardo J. Caballero, Kevin N. Cowan, Eduardo M.R.A. Engel, Alejandro Micco: w10744
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| May 2004 | Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
with Arvind Krishnamurthy: w10517
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| Speculative Growth: Hints from the US Economy
with Emmanuel Farhi, Mohamad L. Hammour: w10518
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| Fear of Sudden Stops: Lessons from Australia and Chile
with Kevin Cowan, Jonathan Kearns: w10519
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| Fiscal Policy and Financial Depth
with Arvind Krishnamurthy: w10532
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| March 2004 | Microeconomic Flexibility in Latin America
with Eduardo Engel, Alejandro Micco: w10398
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| Three Strikes and You're Out: Reply to Cooper and Willis
with Eduardo M.R.A. Engel: w10368
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| August 2003 | Adjustment is Much Slower than You Think
with Eduardo Engel: w9898
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| June 2003 | Hedging Sudden Stops and Precautionary Contractions
with Stavros Panageas: w9778
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| April 2003 | Inflation Targeting and Sudden Stops
with Arvind Krishnamurthy: w9599
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| March 2003 | On the International Financial Architecture: Insuring Emerging Markets
w9570
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| December 2002 | Speculative Growth
with Mohamad L. Hammour: w9381
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| January 2002 | A Dual Liquidity Model for Emerging Markets
with Arvind Krishnamurthy: w8758
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| August 2001 | Smoothing Sudden Stops
with Arvind Krishnamurthy: w8427
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| A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems
with Arvind Krishnamurthy: w8428
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| February 2001 | International Liquidity Illusion: On the Risks of Sterilization
with Arvind Krishnamurthy: w8141
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| October 2000 | International and Domestic Collateral Constraints in a Model of Emerging Market Crises
with Arvind Krishnamurthy: w7971
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| August 2000 | Creative Destruction and Development: Institutions, Crises, and Restructuring
with Mohamad L. Hammour: w7849
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| July 2000 | Macroeconomic Volatility in Latin America: A View and Three Case Studies
w7782
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| Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
with Arvind Krishnamurthy: w7792
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| June 2000 | International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
with Arvind Krishnamurthy: w7740
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| May 2000 | Institutions, Restructuring, and Macroeconomic Performance
with Mohamad L. Hammour: w7720
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| September 1999 | The Cost of Recessions Revisited: A Reverse-Liquidationist View
with Mohamad L. Hammour: w7355
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| December 1998 | Emerging Market Crises: An Asset Markets Perspective
with Arvind Krishnamurthy: w6843
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| September 1998 | Improper Churn: Social Costs and Macroeconomic Consequences
with Mohamad L. Hammour: w6717
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| February 1998 | Nonlinear Aggregate Investment Dynamics: Theory and Evidence
with Eduardo M.R.A. Engel: w6420
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| November 1997 | Aggregate Investment
w6264
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| October 1997 | Jobless Growth: Appropriability, Factor Substitution, and Unemployment
with Mohamad L. Hammour: w6221
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| September 1996 | Uncertainty, Investment, and Industry Evolution
with Robert S. Pindyck: w4160
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| The Macroeconomics of Specificity
with Mohamad L. Hammour: w5757
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| March 1996 | Fixed Costs: The Demise of Marginal q
with John V. Leahy: w5508
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| February 1996 | The "Fundamental Transformation" in Macroeconomics
with Mohamad L. Hammour: w5471
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| July 1995 | On the Ills of Adjustment
with Mohamad L. Hammour: w5198
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| February 1995 | Aggregate Employment Dynamics: Building From Microeconomic Evidence
with Eduardo M.R.A. Engel, John Haltiwanger: w5042
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| October 1994 | Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S,s) Approach
with Eduardo M.R.A. Engel: w4887
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| June 1994 | On the Timing and Efficiency of Creative Destruction
with Mohamad L. Hammour: w4768
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| September 1993 | Cross Sectional Efficiency and Labor Hoarding in an Matching Model of Unemployment
with Giuseppe Bertola: w4472
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| May 1993 | How High are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth
with Adam B. Jaffe: w4370
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| September 1992 | Microeconomic Rigidities and Aggregate Price Dynamics
with Eduardo M.R.A. Engel: w4162
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| June 1992 | Microeconomic Adjustment Hazards and Aggregate Dynamics
with Eduardo M.R.A. Engel: w4090
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| Price Rigidities, Asymmetries, and Output Fluctuations
with Eduardo M.R.A. Engel: w4091
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| March 1992 | Near-Rationality, Heterogeneity and Aggregate Consumption
w4035
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| December 1991 | The Cleansing Effect of Recessions
with Mohamad L. Hammour: w3922
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| October 1991 | Irreversibility and Aggregate Investment
with Giuseppe Bertola: w3865
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| August 1991 | Short and Long Run Externalities
with Eric J. Bartelsman, Richard K. Lyons: w3810
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| June 1991 | Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
with Eduardo M.R.A. Engel: w3729
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| Dynamic (S,s) Economies
with Eduardo M.R.A. Engel: w3734
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| A Fallacy of Composition
w3735
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| Durable Goods: An Explanation for Their Slow Adjustment
w3748
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| July 1989 | The Role of External Economies in U.S. Manufacturing
with Richard K. Lyons: w3033
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