NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Jacob Frenkel

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Working Papers

July 1991Obstacles to Transforming Centrally-Planned Economies: The Role of Capital Markets
with Guillermo A. Calvo: w3776

Published: Transition to a Market Economy in Central and Eastern Europe, proceedings of the OECD-World Bank Conference, Paris, 1992.

May 1991From Centrally-Planned to Market Economies: The Road from CPE to PCPE
with Guillermo A. Calvo: w3698

Published: IMF, Vol. 38, no. 2 (1991): 268-299.

March 1991International VAT Harmonization: Economic Effects
with Assaf Razin, Steve Symansky: w3656

Published: IMF Staff Papers, Vol. 38, December 1991.

December 1990Basic Concepts of International Taxation
with Assaf Razin, Efraim Sadka: w3540

Published: International Taxation, Cambridge: MIT Press, 1993, chapter 2.

July 1990International Spillovers of Taxation
with Assaf Razin, Steve Symansky: w2927

Published:

August 1989Exchange Rate Volatility and Misalignment: Evaluating Some Proposals for Reform
with Morris Goldstein: w2894

Published:

  • From Financial Market Volatility, (A Symposium Sponsored By The Federal Reserve Bank of Kansas City), pp. 185-220. Kansas City, MO: The Federal Reserve Bank of Kansas City, 1988.
  • Jacob A. Frenkel & Morris Goldstein, 1988. "Exchange rate volatility and misalignment: evaluating some proposals for reform," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 185-231. citation courtesy of

July 1989International Effects of Tax Reforms
with Assaf Razin: w2873

Published: The Economic Journal, Vol. 99, No. 395, pp. 38-58, (Supplement 1989). citation courtesy of

April 1989Simulating the Effects of Some Simple Coordinated versus Uncoordinated Policy
with Morris Goldstein, Paul R. Masson: w2929

Published: Bryant, Ralph C., et al. (eds.) Macroeconomic policies in an interdependent world. Washington, D.C.: International Monetary Fund; Washington, D.C.: Brookings Institution; London: Centre for Economic Policy Research, 1989.

March 1989Budget Deficits Under Alternative Tax Systems
with Assaf Razin: r1152

Published: From International Monetary Fund Staff Papers, Vol. 35, No. 2, pp. 297-315,(June 1988). (NOTE: This is based on W2321.)

July 1988The International Monetary System: Developments and Prospects
with Morris Goldstein: w2648

Published: Cato Journal, Vol. 8, No. 2, pp. 285-306, (Fall 1988).

Exchange-Rate Management Viewed as Tax Policies
with Assaf Razin: w2653

Published: European Economic Review, Vol. 33, pp. 761-781, April 1989. citation courtesy of

International Coordination of Economic Policies: Scope, Methods, and Effects
with Morris Goldstein, Paul R. Masson: w2670

Published: Frenkel, Goldstein, and Masson. "International Coordination of Economic Policies: Scope, Methods, and Effects," from Economic Policy Coordination, Washington, DC: IMF, 1988.

July 1987The Mundell-Flemming Model: A Quarter Century Later
with Assaf Razin: w2321

Published: "The Mundell-Fleming Model A Quarter Century Later: A Unified Exposition" From International Monetary Fund Staff Papers, Vol. 34, No. 4, pp. 567-620,(December 1987).

February 1987The International Monetary System: Should it be Reconsidered?
w2163

Published: Frenkel, Jacob A. "The International Monetary System: Should It Be Reformed?" American Economic Review, Vol. 77, No. 2, (May 1987), pp. 205-210.

December 1986A Guide to Target Zones
with Morris Goldstein: w2113

Published: Frenkel, Jacob A. and Morris Goldstein. "A Guide to Target Zones." International Monetary Fund, Staff Papers, Vol. 33, No. 4, (December 1986), pp. 633-673.

November 1986Fiscal Policies and Real Exchange Rates in the World Economy
with Assaf Razin: w2065

Published: "Spending, Taxes, and Deficits: International-Intertemporal Approach." From Princeton Studies in International Finance, No. 63, pp. 1-44,(December 1988).

Deficits with Distortionary Taxes: International Dimensions
with Assaf Razin: w2080

Published: IMF Staff Papers. vol.25,no.1 pp57-87, March 1988

August 1986Budget Deficits and Rates of Interest in the World Economy
with Assaf Razin: w1354

Published: Frenkel, Jacob A. and Assaf Razin. "Fiscal Policies in the World Economy," Journal of Political Economy, Vol. 94, No. 3, Part 1, (June 1986), pp. 56 4-594.

April 1986Targeting Rules for Monetary Policy
with Joshua Aizenman: w1881

Published: Aizenman, Joshua and Jacob A. Frenkele."Targeting Rules for Monetary Policy ," Economics Letters, Vol. 21, No. 2, (1986), pp. 183-187. citation courtesy of

The Limited Viability of Dual Exchange-Rate Regimes
with Assaf Razin: w1902
1986The International Transmission and Effects of Fiscal Policies
with Assaf Razin: w1799

Published:

  • Frenkel, Jacob A. and Assaf Razin. "The International Transmission and Effects of Fiscal Policies," American Economic Review, Vol. 76, no. 2, May 1986, pp. 330-335. citation courtesy of
  • Frenkel, Jacob A. and Assaf Razin. "Real Exchange Rates, Interest Rates, and Fiscal Policies," Economic Studies Quarterly, Vol. 37, No. 2, (June 1986), pp. 99-113.

Sectorial Wages and the Real Exchange Rate
with Joshua Aizenman: w1801

Published: Aizenman, Joshua and Jacob A. Frenkel. "Sectorial Wages and the Real Exchange Rate," Journal of International Economics, Vol. 24, pp. 69-91, (1988). citation courtesy of

December 1985Causes of Appreciation and Volatility of the Dollar with Comment by Jacob Frenkel
with William H. Branson: w1777

Published: Branson, William H. "Causes of Appreciation and Volatility of the Dollar,"with comment by Jacob A. Frenkel. The U.S. Dollar -- Recent Developments, Outlook, and Policy Options, pp. 33-63. Kansas City: The Federal Reserve Bank of Kansas City, 1985.

April 1985Asset Markets, Exchange Rates and the Balance of Payments
with Michael L. Mussa: w1287

Published: Frenkel, Jacob A. and Michael L. Mussa. "Asset Markets, Exchange Rates andthe Balance of Payments." Handbook of International Economics, Vol. II, edited by R.W. Jones and P.B. Kenen, pp. 679-747. Amsterdam: Elsevier Science Publishers B.V., (1985).

Supply Shocks, Wage Indexation and Monetary Accommodation
with Joshua Aizenman: w1609

Published:

  • Aizenman, Joshua and Jacob A. Frenkel. "Wage Indexation, Supply Shocks and Monetary Policy for a Sa mall Open Economy," Economic Adjustment and Exchange Rates in Developing Countries, edited by S. Edwards and Liquat Ahamed. Chicago: UCP, 1986.
  • Aizenman, Joshua and Jacob A. Frenkel. "Supply Shocks, Wage Indexation and Monetary Accomodation,"Journal of Money, Credit, and Banking, Vol. 18, No. 3, pp. 304-322, August 1986. citation courtesy of

December 1984The International Transmission of Fiscal Expenditures and Budget Deficits in the World Economy
with Assaf Razin: w1527

Published:

  • Frenkel, Jacob A. and Assaf Razin. "The International Transmission And Effects Of Fiscal Policies," American Economic Review, 1986, v76(2), 330-335.
  • Frenkel, Jacob A. and Assaf Razin. "The International Transmission of Fiscal Expenditures and Budget Deficits in the World Economy," Economic Policyin Theory and Practice, ed. Assaf Razin and Efraim Sadka, (Sept. 1986). Macmillan.

April 1984Optimal Wage Indexation, Foreign-Exchange Intervention and Monetary Policy
with Joshua Aizenman: w1329

Published: Aizenman, Joshua and Jacob A. Frenkel. "Optimal Wage Indexation, Foreign Exchange Intervention and Monetary Policy." American Economic Review, Vol. 75, No. 3, (June 1985), pp. 402-423. citation courtesy of

February 1984Panel Discussion on the Southern Cone
r0456

Published: Frenkel, Jacob A. "Panel Discussion on the Southern Cone." International Monetary Fund Staff Papers, Vol. 30, No. 1 (March 1983), pp. 164-173. (Never was a working paper).

1984Fiscal Policies, Debt, and International Economic Interdependence
with Assaf Razin: w1266

Published: Frenkel, Jacob A. and Assaf Razin. "Government Spending, Debt, and International Economic Interdependence," The Economic Journal, Vol. 95, (September 1985) pp. 619-636.

May 1983International Liquidity and Monetary Control
w1118

Published: Frenkel, Jacob A. "International Liquidity and Monetary Control." International Money and Credit: The Policy Roles, edited by George M. von Furstenberg, pp. 65-109. Washington: International Monetary Fund, (1983).

March 1983"Relative Price Variability and Inflation in the United States and Germany" by Fischer
r0358

Published: Frenkel, Jacob A. ""Relative Price Variability and Inflation in the United States and Germany" by Fischer." European Economic Review, Vol. 18, No. 1/2(May/June, 1982), pp. 197-205.

Aspects of the Optimal Management of Exchange Rates
with Joshua Aizenman: w0748

Published: Frenkel, Jacob A. and Joshua Aizenman. "Aspects of the Optimal Management of Exchange Rates." Journal of International Economics, Vol. 13 (1982), pp. 231-256. North-Holland Publishing Co. citation courtesy of

1983Monetary Policy: Domestic Targets and International Constraints
w1067

Published: Frenkel, Jacob A. "Monetary Policy: Domestic Targets and International Constraints." American Economic Review, Vol. 73, No. 2 (May 1983), pp. 48-53.

December 1982The Gold Standard and the Bank of England in the Crisis of 1847
with Rudiger Dornbusch: w1039

Published:

  • Dornbusch, Rudiger and Jacob A. Frenkel. "The Gold Standard Crisis of 1847 ." Journal of International Economics, Vol. 16, No. 1/2, (February 1984),pp. 233-271.
  • Dornbush, Rudiger and Jacob A. Frenkel. "The Gold Standard and the Bank of England in the Crisis of 1847." A Retrospective on the Classical Gold Standard, edited by Michael D. Bordo and Anna J. Schwartz. Chicago: University of Chicago Press, (1984).
  • The Gold Standard and the Bank of England in the Crisis of 1847, Rudiger Dornbusch, Jacob A. Frenkel. in A Retrospective on the Classical Gold Standard, 1821-1931, Bordo and Schwartz. 1984

March 1982Stochastic Prices and Tests of Efficiency of Foreign Exchange Markets
with Assaf Razin: r0253

Published: Frenkel, Jacob A. and Razin, Assaf. "Stochastic Prices and Tests of Efficiency of Foreign Exchange Markets." Economics Letters, Vol. 6, No. 2, (1991),pp. 165-170.

1982Exchange Rate Dynamics and the Overshooting Hypothesis
with Carlos A. Rodriguez: w0832

Published: Frenkel, Jacob A. and Rodriguez, Carlos A. "Exchange Rate Dynamics and the Overshooting Hypothesis." International Monetary Fund Staff Papers, Vol. 29 , No. 1 (March, 1982), pp. 1-30.

November 1980On Transactions and Precautionary Demand For Money
with Boyan Jovanovic: r0105

Published: "On Transactions and Precautionary Demand for Money" The Quarterly Journal of Economics, Vol. XCV, No. 1, pp. 25-43, (August 1980).

October 1980The Collapse of Purchasing Power Parities during the 1970s
w0569

Published:

Monetary and Fiscal Policies in an Open Economy
with Michael L. Mussa: w0575

Published: Frenkel, Jacob A. and Mussa, Michael L. "Monetary and Fiscal Policies in an Open Economy." The American Economic Review, Vol. 71, No. 2, (May 1981), pp. 253-258.

September 1980Exchange Rates, Money and Relative Prices: The Dollar-Pound in the 1920's
with Kenneth W. Clements: w0429

Published: Clements, Kenneth W. and Frenkel, Jacob A. "Exchange Rates, Money, and Relative Prices: The Dollar-Pound in the 1920's." Journal of International Economics, Vol. 10, No 2, (May 1980), pp 249-262. citation courtesy of

May 1980Efficiency of Foreign Exchange Markets and Measures of Turbulence
with Michael L. Mussa: w0476

Published: Frenkel, Jacob A. and Mussa, Michael L. "The Efficiency of Foreign Exchange Markets and Measures of Turbulence." The American Economic Review, Vol. 70 , No. 2, (May 1980), pp. 374-381.

February 1980Flexible Exchange Rates in the 1970's
w0450

Published: Frenkel, Jacob A. "Flexible Exchange Rates, Prices, and the Role of "News": Lessons from the 1970s." Journal of Political Economy, Vol 89, No. 4, (August 1981), pp. 665-705.

Exchange Rates, Prices and Money: Lessons from the 1920s
w0452

Published: Frenkel, Jacob A. "Exchange Rates, Prices, and Money: Lessons From the 1920s." The American Economic Review, Vol. 70, No. 2, (May 1980), pp. 242-255.

November 1979Dynamic Adjustment and the Demand for International Reserves
with John F. O. Bilson: w0407

Published: Bilson, John F. O. and Jacob A. Frenkel. "International Reserves: Adjustment Dynamics," Economics Letters, 1979, v4(3), 267-270.

April 1979Purchasing Power Parity: Doctrinal Perspective and Evidence from the 1920s
r0004

Published: Frenkel, Jacob A. "Purchasing Power Parity: Doctrinal Perspective and Evidence from the 1920s." Journal of International Economics, Vol. 8, No. 2, (May 1978), pp. 169-191.

International Reserves: Pegged Exchange Rates and Managed Float
r0008

Published:

  • Frenkel, Jacob A. "International Reserves: Pegged Exchange Rates and Managed Float." Public Policies in Open Economies, edited by Karl Brunner and Allan H. Meltzer, (Vol. 9, Carnegie-Rochester Conference Series on Public Policy.) Amsterdam: North Holland Publishing Company
  • Frenkel, Jacob A. "International Reserves Under Pegged Exchange Rates And Managed Float: Corrections And Extensions," Journal of Monetary Economics, 1980, v6(2), 295-302.

October 1978International Reserves Under Alternative Exchange Rate Regimes and Aspects of The Economics of Managed Float
w0287

Published:

  • Frenkel, J. A. "The Demand for International Reserves under Pegged and Flexible Exchange Rate Regimes." The Functioning of Floating Exchange Rates: Theory, Evidence, and Policy Implications, edited by David Bigman and Teizo Taya, pp. 169-195. Cambridge: Ballinger Publishing Co., 1980.
  • Frenkel, Jacob A. "International Reserves Under Pegged Exchange Rates And Managed Float: Corrections And Extensions," Journal of Monetary Economics, 1980, v6(2), 295-302.

On Transactions and Precautionary Demand For Money
with Boyan Jovanovic: w0288

Published:

Further Evidence On Expectations And The Demand for Money During the German Hyperinflation
w0289

Published: Frenkel, Jacob A. "Further Evidence on Expectations and the Demand for Money During the German Hyperinflation." Journal of Monetary Economics, Vol. 5,(1979), pp. 81-96.

Exchange Rates in The 1920's: A Monetary Approach
with Kenneth W. Clements: w0290

Published: Flanders, M. June (ed.) Development in an Inflationary World. New York: Academic Press, Inc., 1981.

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
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