NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

International Economics: Macroeconomic Aspects of International Trade and Finance


2014
w20314 Seunghoon Na
Stephanie Schmitt-Grohé
Martin Uribe
Vivian Z. Yue

A Model of the Twin Ds: Optimal Default and Devaluation

w20286 Claudia M. Buch
Linda S. Goldberg

International Banking and Liquidity Risk Transmission: Lessons from Across Countries

w20228 Michael D. Bordo
Ehsan U. Choudhri
Giorgio Fazio
Ronald MacDonald

The Real Exchange Rate in the Long Run: Balassa-Samuelson Effects Reconsidered

w20252 Michael B. Devereux
James Yetman

Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates

w20242 Joshua Aizenman
The Eurocrisis: Muddling Through, or On the Way to a More Perfect Euro Union?

w20225 Alberto Cavallo
Brent Neiman
Roberto Rigobon

The Price Impact of Joining a Currency Union: Evidence from Latvia

w20220 Kris James Mitchener
Kirsten Wandschneider

Capital Controls and Recovery from the Financial Crisis of the 1930s

w20200 Enrique G. Mendoza
Linda L. Tesar
Jing Zhang

Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies

w20063 Robert C. Feenstra
Philip A. Luck
Maurice Obstfeld
Katheryn N. Russ

In Search of the Armington Elasticity

w20061 Julian di Giovanni
Andrei Levchenko
Isabelle Mejean

Firms, Destinations, and Aggregate Fluctuations

w20003 Ron Alquist
Olivier Coibion

Commodity-Price Comovement and Global Economic Activity

w19994 Oleg Itskhoki
Benjamin Moll

Optimal Development Policies with Financial Frictions

w19968 Doireann Fitzgerald
Stefanie Haller

Exporters and Shocks: Dissecting the International Elasticity Puzzle

w19967 Olivier Jeanne
Macroprudential Policies in a Global Perspective

w19934 Anusha Chari
Peter Blair Henry

Learning From the Doers: Developing Country Lessons for Advanced Economy Growth

w19926 Gregory Clark
Kevin Hjortshøj O'Rourke
Alan M. Taylor

The Growing Dependence of Britain on Trade during the Industrial Revolution

w19924 Alan M. Taylor
The Argentina Paradox: Microexplanations and Macropuzzles

w19854 Xavier Gabaix
Matteo Maggiori

International Liquidity and Exchange Rate Dynamics

w19840 Anusha Chari
Peter Blair Henry

Two Tales of Adjustment: East Asian Lessons for European Growth

w19828 Carlos A. Vegh
Guillermo Vuletin

Social Implications of Fiscal Policy Responses During Crises

w19823 Carmen M. Reinhart
Kenneth S. Rogoff

Recovery from Financial Crises: Evidence from 100 Episodes


2013
w19748 Luis Felipe Céspedes
Andrés Velasco

Was This Time Different? Fiscal Policy in Commodity Republics

w19739 Joshua Aizenman
Yothin Jinjarak
Nancy P. Marion

China's Growth, Stability, and Use of International Reserves

w19717 Mark Aguiar
Manuel Amador

Take the Short Route: How to Repay and Restructure Sovereign Debt with Multiple Maturities

w19706 Conghui Hu
Wei Xiong

Are Commodity Futures Prices Barometers of the Global Economy?

w19676 Fernando Broner
Aitor Erce
Alberto Martin
Jaume Ventura

Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects

w19671 Andrés Fernández
Alessandro Rebucci
Martín Uribe

Are Capital Controls Prudential? An Empirical Investigation

w19668 Eswar S. Prasad
Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies

w19652 Carmen M. Reinhart
Takeshi Tashiro

Crowding Out Redefined: The Role of Reserve Accumulation

w19641 Andrei A. Levchenko
Jing Zhang

Ricardian Productivity Differences and the Gains from Trade

w19588 David Cook
Michael B. Devereux

The Optimal Currency Area in a Liquidity Trap

w19580 Olivier Accominotti
Barry Eichengreen

The Mother of All Sudden Stops: Capital Flows and Reversals in Europe, 1919-32

w19506 Òscar Jordà
Moritz HP. Schularick
Alan M. Taylor

Sovereigns versus Banks: Credit, Crises, and Consequences

w19461 Michael W. Klein
Jay C. Shambaugh

Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy

w19448 Joshua Aizenman
Hiro Ito

Living with the Trilemma Constraint: Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries

w19388 Mark Aguiar
Manuel Amador

Sovereign Debt: A Review

w19362 Anton Korinek
Enrique G. Mendoza

From Sudden Stops to Fisherian Deflation: Quantitative Theory and Policy Implications

w19356 Paul R. Bergin
Giancarlo Corsetti

International Competitiveness and Monetary Policy: Strategic Policy and Coordination with a Production Relocation Externality

w19336 Charles Engel
Exchange Rates and Interest Parity

w19291 Qingyuan Du
Shang-Jin Wei
Peichu Xie

Roads and the Real Exchange Rate

w19288 Ricardo Reis
The Portuguese Slump and Crash and the Euro Crisis

w19280 Mark Egan
Tomas J. Philipson

International Health Economics

w19249 Thomas J. Holmes
Ellen R. McGrattan
Edward C. Prescott

Quid Pro Quo: Technology Capital Transfers for Market Access in China

w19240 Pierre-Olivier Gourinchas
Hélène Rey

External Adjustment, Global Imbalances and Valuation Effects

w19170 Thomas Chaney
Liquidity Constrained Exporters

w19093 Franziska Bremus
Claudia Buch
Katheryn Russ
Monika Schnitzer

Big Banks and Macroeconomic Outcomes: Theory and Cross-Country Evidence of Granularity

w19072 Enrique G. Mendoza
Katherine A. Smith

Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets

w19062 Philippe Bacchetta
Eric van Wincoop

The Great Recession: A Self-Fulfilling Global Panic

w19025 Matteo Cacciatore
Giuseppe Fiori
Fabio Ghironi

Market Deregulation and Optimal Monetary Policy in a Monetary Union

w18985 Linda S. Goldberg
Cédric Tille

A Bargaining Theory of Trade Invoicing and Pricing

w18963 Joshua Aizenman
Yothin Jinjarak
Donghyun Park

Fundamentals and Sovereign Risk of Emerging Markets

w18956 Jonathan Heathcote
Fabrizio Perri

Assessing International Efficiency

w18837 Ron Alquist
Rahul Mukherjee
Linda Tesar

Fire-sale FDI or Business as Usual?

w18829 Ariel Burstein
Gita Gopinath

International Prices and Exchange Rates

w18807 James E. Anderson
Mykyta Vesselovsky
Yoto V. Yotov

Gravity, Scale and Exchange Rates

w18753 Mario J. Crucini
J. Scott Davis

Distribution Capital and the Short- and Long-Run Import Demand Elasticity

w18737 Ricardo J. Caballero
Emmanuel Farhi

A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy

w18699 Alberto Alesina
Johann Harnoss
Hillel Rapoport

Birthplace Diversity and Economic Prosperity

w18672 Martin Feldstein
Coordination in the European Union


2012
w18650 Laura Alfaro
Anusha Chari

Deregulation, Misallocation, and Size: Evidence from India

w18632 Rudolfs Bems
Robert C. Johnson
Kei-Mu Yi

The Great Trade Collapse

w18628 Javier Bianchi
Juan Carlos Hatchondo
Leonardo Martinez

International Reserves and Rollover Risk

w18615 Mary Amiti
Oleg Itskhoki
Jozef Konings

Importers, Exporters, and Exchange Rate Disconnect

w18606 Alan M. Taylor
External Imbalances and Financial Crises

w18595 Daron Acemoglu
Gino Gancia
Fabrizio Zilibotti

Offshoring and Directed Technical Change

w18587 Javier Bianchi
Efficient Bailouts?

w18570 Luis Felipe Céspedes
Roberto Chang
Andrés Velasco

Is Inflation Targeting Still On Target?

w18569 Luis Felipe Céspedes
Andrés Velasco

Macroeconomic Performance During Commodity Price Booms and Busts

w18563 Alberto Cavallo
Brent Neiman
Roberto Rigobon

Currency Unions, Product Introductions, and the Real Exchange Rate

w18536 Luis Catão
Roberto Chang

Monetary Rules for Commodity Traders

w18532 Natalia Ramondo
Andrés Rodríguez-Clare
Milagro Saborío-Rodríguez

Scale Effects and Productivity Across Countries: Does Country Size Matter?

w18528 Victoria Ivashina
David S. Scharfstein
Jeremy C. Stein

Dollar Funding and the Lending Behavior of Global Banks

w18527 Joshua Aizenman
Ilan Noy

Macroeconomic Adjustment and the History of Crises in Open Economies

w18498 Rudolfs Bems
Robert C. Johnson

Value-Added Exchange Rates

w18431 Luis Felipe Céspedes
Roberto Chang
Andrés Velasco

Financial Intermediation, Exchange Rates, and Unconventional Policy in an Open Economy

w18381 Emmanuel Farhi
Iván Werning

Fiscal Multipliers: Liquidity Traps and Currency Unions

w18380 C. Bora Durdu
Enrique G. Mendoza
Marco E. Terrones

On the Solvency of Nations: Cross-Country Evidence on the Dynamics of External Adjustment

w18372 Julien Bengui
Enrique G. Mendoza
Vincenzo Quadrini

Capital Mobility and International Sharing of Cyclical Risk

w18366 Loukas Karabarbounis
Home Production, Labor Wedges, and International Real Business Cycles

w18303 Luca Guerrieri
Matteo Iacoviello
Raoul Minetti

Banks, Sovereign Debt and the International Transmission of Business Cycles

w18285 Guillermo A. Calvo
The Price Theory of Money, Prospero's Liquidity Trap, and Sudden Stop: Back to Basics and Back

w18280 Ivan Werning
Emmanuel Farhi

Fiscal Unions

w18240 Robert C. Johnson
Trade in Intermediate Inputs and Business Cycle Comovement

w18223 Stephanie Schmitt-Grohé
Martín Uribe

Pegs, Downward Wage Rigidity, and Unemployment: The Role of Financial Structure

w18219 Guillermo A. Calvo
Alejandro Izquierdo
Rudy Loo-Kung

Optimal Holdings of International Reserves: Self-Insurance against Sudden Stop

w18199 Emmanuel Farhi
Ivan Werning

Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates

w18191 George Alessandria
Joseph Kaboski
Virgiliu Midrigan

Trade Wedges, Inventories, and International Business Cycles

w18176 Joshua Aizenman
Yothin Jinjarak

Income inequality, tax base and sovereign spreads

w18175 Carlos A. Vegh
Guillermo Vuletin

Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets

w18122 Fernando Borraz
Alberto Cavallo
Roberto Rigobon
Leandro Zipitría

Distance and Political Boundaries: Estimating Border Effects under Inequality Constraints.

w18099 Farley Grubb
Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America

w18092 Stephanie Schmitt-Grohé
Martín Uribe

Managing Currency Pegs

w18090 Chunding Li
John Whalley

China and the TPP: A Numerical Simulation Assessment of the Effects Involved

w18057 Tarek Alexander Hassan
Country Size, Currency Unions, and International Asset Returns

w18052 Kristin Forbes
Marcel Fratzscher
Thomas Kostka
Roland Straub

Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls

w18036 Javier Bianchi
Emine Boz
Enrique G. Mendoza

Macro-Prudential Policy in a Fisherian model of Financial Innovation

w18032 Bruce A. Blonigen
Jeremy Piger
Nicholas Sly

Comovement in GDP Trends and Cycles Among Trading Partners

w18031 Stephanie Schmitt-Grohe
Martin Uribe

Prudential Policy for Peggers

w18030 Sebnem Kalemli-Ozcan
Bent E. Sorensen

Misallocation, Property Rights, and Access to Finance: Evidence from Within and Across Africa

w18015 Carmen M. Reinhart
Vincent R. Reinhart
Kenneth S. Rogoff

Debt Overhangs: Past and Present

w17978 Mario J. Crucini
Christopher I. Telmer

Microeconomic Sources of Real Exchange Rate Variability

w17944 Pierpaolo Benigno
Federica Romei

Debt Deleveraging and The Exchange Rate

w17919 Chunding Li
John Whalley

Indirect Tax Initiatives and Global Rebalancing

w17907 Paul R. Bergin
Ju Hyun Pyun

Multilateral Resistance to International Portfolio Diversification

w17875 Yin-Wong Cheung
Menzie D. Chinn
XingWang Qian

Are Chinese Trade Flows Different?

w17872 Karen K. Lewis
Edith X. Liu

International Consumption Risk Is Shared After All: An Asset Return View

w17812 Mario J. Crucini
Anthony Landry

Accounting for Real Exchange Rates Using Micro-data

w17806 Joshua Aizenman
Hiro Ito

Trilemma Policy Convergence Patterns and Output Volatility

w17796 Michael B. Devereux
Ozge Senay
Alan Sutherland

Nominal Stability and Financial Globalization

w17788 Yin-Wong Cheung
Michael P. Dooley
Vladyslav Sushko

Investment and Growth in Rich and Poor Countries

w17749 Douglas A. Irwin
The Nixon Shock after Forty Years: The Import Surcharge Revisited


2011
w17716 Richard Baldwin
Trade And Industrialisation After Globalisation’s 2nd Unbundling: How Building And Joining A Supply Chain Are Different And Why It Matters

w17712 Matthieu Bussière
Giovanni Callegari
Fabio Ghironi
Giulia Sestieri
Norihiko Yamano

Estimating Trade Elasticities: Demand Composition and the Trade Collapse of 2008-09

w17708 Giancarlo Corsetti
Gernot J. Müller

Multilateral Economic Cooperation and the International Transmission of Fiscal Policy

w17691 Nicolas Coeurdacier
Hélène Rey

Home Bias in Open Economy Financial Macroeconomics

w17686 Eric van Wincoop
International Contagion Through Leveraged Financial Institutions

w17682 Charles Goodhart
Global Macroeconomic and Financial Supervision: Where Next?

w17681 Jing Wang
Dana Medianu
John Whalley

The Contribution of China, India and Brazil to Narrowing North-South Differences in GDP/capita, World Trade Shares, and Market Capitalization

w17641 Maurice Obstfeld
The International Monetary System: Living with Asymmetry

w17621 Òscar Jordà
Moritz HP. Schularick
Alan M. Taylor

When Credit Bites Back: Leverage, Business Cycles, and Crises

w17619 Jeffrey A. Frankel
Carlos A. Végh
Guillermo Vuletin

On Graduation from Fiscal Procyclicality

w17603 Nuno Limao
Kamal Saggi

Size Inequality, Coordination Externalities and International Trade Agreements

w17594 Gita Gopinath
Oleg Itskhoki
Brent Neiman

Trade Prices and the Global Trade Collapse of 2008-2009

w17560 Nicolas Coeurdacier
Pierre-Olivier Gourinchas

When Bonds Matter: Home Bias in Goods and Assets

w17549 Jiandong Ju
Kang Shi
Shang-Jin Wei

On the Connections between Intertemporal and Intra-temporal Trades

w17544 Aaron Weisbrod
John Whalley

The Contribution of Chinese FDI to Africa’s Pre Crisis Growth Surge

w17530 Joshua Aizenman
Brian Pinto
Vladyslav Sushko

Financial Sector Ups and Downs and the Real Sector: Up by the stairs, down by the parachute

w17513 Menzie D. Chinn
Barry Eichengreen
Hiro Ito

A Forensic Analysis of Global Imbalances

w17502 Joshua Aizenman
Yothin Jinjarak
Donghyun Park

Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010

w17501 Giancarlo Corsetti
Luca Dedola
Francesca Viani

Traded and Nontraded Goods Prices, and International Risk Sharing: an Empirical Investigation.

w17497 Eswar S. Prasad
Role Reversal in Global Finance

w17457 Mark A. Aguiar
Manuel Amador

Fiscal Policy in Debt Constrained Economies

w17427 Joshua Aizenman
Yothin Jinjarak

The Fiscal Stimulus of 2009-10: Trade Openness, Fiscal Space and Exchange Rate Adjustment

w17420 Lee E. Ohanian
Andrea Raffo

Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles

w17396 Laura Alfaro
Sebnem Kalemli-Ozcan
Vadym Volosovych

Sovereigns, Upstream Capital Flows, and Global Imbalances

w17362 Kathryn M.E. Dominguez
Yuko Hashimoto
Takatoshi Ito

International Reserves and the Global Financial Crisis

w17361 Bergljot Barkbu
Barry Eichengreen
Ashoka Mody

International Financial Crises and the Multilateral Response: What the Historical Record Shows

w17359 Andrew K. Rose
Mark M. Spiegel

Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis

w17353 Pierre-Olivier Gourinchas
Hélène Rey
Kai Truempler

The Financial Crisis and The Geography of Wealth Transfers

w17352 Philip R. Lane
Gian Maria Milesi Ferretti

External Adjustment and the Global Crisis

w17335 Julian di Giovanni
Andrei A. Levchenko

Country Size, International Trade, and Aggregate Fluctuations in Granular Economies

w17289 Michael B. Devereux
Viktoria Hnatkovska

The Extensive Margin, Sectoral Shares and International Business Cycles

w17288 Michael B. Devereux
Viktoria Hnatkovska

Consumption Risk-Sharing and the Real Exchange Rate: Why does the Nominal Exchange Rate Make Such a Difference?

w17274 Laurence M. Ball
Nicolás De Roux
Marc Hofstetter

Unemployment in Latin America and the Caribbean

w17271 Enrico Spolaore
Romain Wacziarg

Long-Term Barriers to the International Diffusion of Innovations

w17260 Martin S. Feldstein
What's Next for the Dollar?

w17258 Joshua Aizenman
Vladyslav Sushko

Capital flows: Catalyst or Hindrance to economic takeoffs?

w17224 Klaus Adam
Pei Kuang
Albert Marcet

House Price Booms and the Current Account

w17228 Joshua Aizenman
Vladyslav Sushko

Capital Flow Types, External Financing Needs, and Industrial Growth: 99 countries, 1991-2007

w17201 Fabrizio Perri
Vincenzo Quadrini

International Recessions

w17133 Gianluca Benigno
Pierpaolo Benigno
Salvatore Nisticò

Risk, Monetary Policy and the Exchange Rate

w17131 David Cook
Michael B. Devereux

Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap

w17074 Sebastian Edwards
Exchange Rates in Emerging Countries: Eleven Empirical Regularities from Latin America and East Asia

w16975 Daniel Paravisini
Veronica Rappoport
Philipp Schnabl
Daniel Wolfenzon

Dissecting the Effect of Credit Supply on Trade: Evidence from Matched Credit-Export Data

w16960 Ariel Burstein
Marc J. Melitz

Trade Liberalization and Firm Dynamics

w16958 Gita Gopinath
Brent Neiman

Trade Adjustment and Productivity in Large Crises

w16945 Jeffrey A. Frankel
A Solution to Fiscal Procyclicality: The Structural Budget Institutions Pioneered by Chile

w16925 Gabriel P. Mathy
Christopher M. Meissner

Trade, Exchange Rate Regimes and Output Co-Movement: Evidence from the Great Depression

w16893 Carmen M. Reinhart
M. Belen Sbrancia

The Liquidation of Government Debt

w16847 Stephanie Schmitt-Grohé
Martin Uríbe

Pegs and Pain

w16813 Yaw Nyarko
The Returns to the Brain Drain and Brain Circulation in Sub-Saharan Africa: Some Computations Using Data from Ghana

w16806 Andrei A. Levchenko
Jing Zhang

The Evolution of Comparative Advantage: Measurement and Welfare Implications

w16805 Nicolas E. Magud
Carmen M. Reinhart
Kenneth S. Rogoff

Capital Controls: Myth and Reality - A Portfolio Balance Approach

w16800 Shang-Jin Wei
Xiaobo Zhang

Sex Ratios, Entrepreneurship, and Economic Growth in the People’s Republic of China

w16789 Marianne Baxter
International Risk Sharing in the Short Run and in the Long Run

w16788 Qingyuan Du
Shang-Jin Wei

A Darwinian Perspective on "Exchange Rate Undervaluation"

w16778 Chang-Tai Hsieh
Ralph Ossa

A Global View of Productivity Growth in China

w16774 Ellen R. McGrattan
Transition to FDI Openness: Reconciling Theory and Evidence

w16761 George-Marios Angeletos
Vasia Panousi

Financial Integration, Entrepreneurial Risk and Global Imbalances

w16686 Chunding Li
John Whalley

Rebalancing and the Chinese VAT: Some Numerical Simulation Results

w16681 Peter N. Ireland
Stochastic Growth in the United States and Euro Area

w16674 Martin S. Feldstein
The Role of Currency Realignments in Eliminating the US and China Current Account Imbalances

w16666 Jonathan Eaton
Samuel Kortum
Brent Neiman
John Romalis

Trade and the Global Recession


2010
w16640 Fernando A. Broner
Jaume Ventura

Rethinking the Effects of Financial Liberalization

w16613 Fabio Ghironi
Viktors Stebunovs

The Domestic and International Effects of Interstate U.S. Banking

w16587 Beatriz de Blas
Katheryn Russ

Understanding Markups in the Open Economy under Bertrand Competition

w16580 Timothy J. Kehoe
Kim J. Ruhl

Why Have Economic Reforms in Mexico Not Generated Growth?

w16567 Òscar Jordà
Moritz Schularick
Alan M. Taylor

Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons

w16563 Luis Catão
Roberto Chang

World Food Prices and Monetary Policy

w16539 Joshua Aizenman
Yothin Jinjarak

De facto Fiscal Space and Fiscal Stimulus: Definition and Assessment

w16479 Ethan Ilzetzki
Enrique G. Mendoza
Carlos A. Végh

How Big (Small?) are Fiscal Multipliers?

w16478 Joshua Aizenman
Gurnain Kaur Pasricha

Fiscal fragility: what the past may say about the future

w16432 Tamim Bayoumi
Hui Tong
Shang-Jin Wei

The Chinese Corporate Savings Puzzle: A Firm-level Cross-country Perspective

w16390 Zhi Wang
Shang-Jin Wei
Anna Wong

Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence

w16375 Erika Färnstrand Damsgaard
Per Krusell

The World Distribution of Productivity: Country TFP Choice in a Nelson-Phelps Economy

w16362 Jeffrey A. Frankel
A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America

w16346 Agustín S. Bénétrix
Philip R. Lane

International Differences in Fiscal Policy During the Global Crisis

w16334 Carmen M. Reinhart
Vincent R. Reinhart

After the Fall

w16260 Joshua Aizenman
Michael M. Hutchison

Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis

w16269 Richard S. Grossman
Christopher M. Meissner

International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons

w16264 S. Boragan Aruoba
Francis X. Diebold
M. Ayhan Kose
Marco E. Terrones

Globalization, the Business Cycle, and Macroeconomic Monitoring

w16259 Paul Bergin
Ching-Yi Lin

The Dynamic Effects of Currency Union on Trade

w16236 David S. Jacks
Foreign Wars, Domestic Markets: England, 1793-1815

w16218 David K. Backus
Federico Gavazzoni
Christopher Telmer
Stanley E. Zin

Monetary Policy and the Uncovered Interest Parity Puzzle

w16174 Davin Chor
Kalina Manova

Off the Cliff and Back? Credit Conditions and International Trade during the Global Financial Crisis

w16154 Chadwick C. Curtis
Nelson Mark

Business Cycles, Consumption and Risk-Sharing: How Different Is China?

w16126 Roberto Chang
Constantino Hevia
Norman Loayza

Privatization and Nationalization Cycles

w16125 Jeffrey A. Frankel
Monetary Policy in Emerging Markets: A Survey

w16091 Javier Bianchi
Enrique G. Mendoza

Overborrowing, Financial Crises and 'Macro-prudential' Taxes

w16081 Mario J. Crucini
Mototsugu Shintani
Takayuki Tsuruga

Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?

w16065 Gita Gopinath
Oleg Itskhoki

In Search of Real Rigidities

w16059 George Alessandria
Joseph P. Kaboski
Virgiliu Midrigan

The Great Trade Collapse of 2008-09: An Inventory Adjustment?

w16043 John Fernald
Brent Neiman

Growth Accounting with Misallocation: Or, Doing Less with More in Singapore

w16034 Sebnem Kalemli-Ozcan
Alex Nikolsko-Rzhevskyy

Does Trade Cause Capital to Flow? Evidence from Historical Rainfalls

w16029 Beatriz de Blas
Katheryn Niles Russ

All Banks Great, Small, and Global: Loan pricing and foreign competition

w16020 Emine Boz
Enrique G. Mendoza

Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis

w16006 Andrei A. Levchenko
Logan T. Lewis
Linda L. Tesar

The Collapse of International Trade During the 2008-2009 Crisis: In Search of the Smoking Gun

w16005 Julian di Giovanni
Andrei A. Levchenko

The Risk Content of Exports: A Portfolio View of International Trade

w16000 Qingyuan Du
Shang-Jin Wei

A Sexually Unbalanced Model of Current Account Imbalances

w15974 Nicola Cetorelli
Linda S. Goldberg

Global Banks and International Shock Transmission: Evidence from the Crisis

w15958 Daron Acemoglu
Gino Gancia
Fabrizio Zilibotti

Competing Engines of Growth: Innovation and Standardization

w15938 Roberto Chang
Andrés Fernández

On the Sources of Aggregate Fluctuations in Emerging Economies

w15907 Anton Korinek
Agustín Roitman
Carlos A. Végh

Decoupling and Recoupling

w15902 Robert J. Barro
Jong-Wha Lee

A New Data Set of Educational Attainment in the World, 1950–2010

w15888 Etsuro Shioji
Taisuke Uchino

Pass-Through of Oil Prices to Japanese Domestic Prices

w15876 Joshua Aizenman
Menzie D. Chinn
Hiro Ito

Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma

w15868 Yanping Chong
Òscar Jordà
Alan M. Taylor

The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and their Long-Run Equilibrium

w15842 Pierpaolo Benigno
Ester Faia

Globalization, Pass-Through and Inflation Dynamic

w15780 Graciela L. Kaminsky
Terms of Trade Shocks and Fiscal Cycles

w15743 Jan J. J. Groen
Paolo A. Pesenti

Commodity prices, commodity currencies, and global economic developments

w15753 Martin Berka
Michael B. Devereux

What Determines European Real Exchange Rates?

w15749 Robert C. Feenstra
David E. Weinstein

Globalization, Markups and U.S. Welfare

w15721 Robert W. Fogel
Further Comments on The Impact of the Asian Miracle on the Theory of Economic Growth

w15642 Jean Boivin
Robert Clark
Nicolas Vincent

Virtual Borders: Online Nominal Rigidities and International Market Segmentation

w15639 Carmen M. Reinhart
Kenneth S. Rogoff

Growth in a Time of Debt


2009
w15624 Paul R. Bergin
Reuven Glick
Jyh-Lin Wu

The Micro-Macro Disconnect of Purchasing Power Parity

w15620 Jeffrey A. Frankel
Daniel Xie

Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes

w15604 Natalia Ramondo
Andrés Rodríguez-Clare

Trade, Multinational Production, and the Gains from Openness

w15592 Robert C. Feenstra
Benjamin R. Mandel
Marshall B. Reinsdorf
Matthew J. Slaughter

Effects of Terms of Trade Gains and Tariff Changes on the Measurement of U.S. Productivity Growth

w15562 Joshua Aizenman
Nancy Marion

Using Inflation to Erode the U.S. Public Debt

w15557 James Feyrer
Distance, Trade, and Income – The 1967 to 1975 Closing of the Suez Canal as a Natural Experiment

w15556 Mary Amiti
David E. Weinstein

Exports and Financial Shocks

w15534 Michael D. Bordo
Christopher M. Meissner
David Stuckler

Foreign Currency Debt, Financial Crises and Economic Growth: A Long Run View

w15528 Katheryn N. Russ
Diego Valderrama

Financial Choice in a Non-Ricardian Model of Trade

w15519 Domenico Giannone
Michele Lenza

The Feldstein-Horioka fact

w15470 Linda S. Goldberg
Cédric Tille

Micro, Macro, and Strategic Forces in International Trade Invoicing

w15454 Katheryn N. Russ
Diego Valderrama

A Theory of Banks, Bonds, and the Distribution of Firm Size

w15452 Eduardo Borensztein
Olivier Jeanne
Damiano Sandri

Macro-Hedging for Commodity Exporters

w15448 Laura Alfaro
Anusha Chari

India Transformed? Insights from the Firm Level 1988-2005

w15432 Enrique G. Mendoza
Vincenzo Quadrini

Financial Globalization, Financial Crises and Contagion

w15428 Diego A. Comin
Norman Loayza
Farooq Pasha
Luis Serven

Medium Term Business Cycles in Developing Countries

w15425 Guillermo A. Calvo
FINANCIAL CRISES AND LIQUIDITY SHOCKS: A Bank-Run Perspective

w15418 Jean Imbs
Haroon Mumtaz
Morten O. Ravn
Hélène Rey

One TV, One Price?

w15401 Kris James Mitchener
Marc D. Weidenmier

Are Hard Pegs Ever Credible in Emerging Markets? Evidence from the Classical Gold Standard

w15393 Lee Branstetter
Kamal Saggi

Intellectual Property Rights, Foreign Direct Investment, and Industrial Development

w15308 Joshua Aizenman
Yi Sun

The financial crisis and sizable international reserves depletion: From 'fear of floating' to the 'fear of losing international reserves'?

w15362 Amir E. Khandani
Andrew W. Lo
Robert C. Merton

Systemic Risk and the Refinancing Ratchet Effect

w15359 Emi Nakamura
Jón Steinsson

Lost in Transit: Product Replacement Bias and Pricing to Market

w15274 Joshua Aizenman
Nan Geng

Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007: a logistic smooth transition regression (LSTR) approach

w15268 Francisco J. Buera
Yongseok Shin

Productivity Growth and Capital Flows: The Dynamics of Reforms

w15250 David S. Jacks
On the Death of Distance and Borders: Evidence from the Nineteenth Century

w15244 Horag Choi
Nelson C. Mark

Trending Current Accounts

w15225 Craig Burnside
Alexandra Tabova

Risk, Volatility, and the Global Cross-Section of Growth Rates

w15204 Anusha Chari
Peter Blair Henry
Diego Sasson

Capital Market Integration and Wages

w15194 Mark Aguiar
Manuel Amador

Growth in the Shadow of Expropriation

w15187 Yuriy Gorodnichenko
Serena Ng

Estimation of DSGE Models When the Data are Persistent

w15173 Laurence M. Ball
Policy Responses to Exchange-Rate Movements

w15169 Eswar S. Prasad
Rebalancing Growth in Asia

w15154 David L. Hummels
Georg Schaur

Hedging Price Volatility Using Fast Transport

w15142 Barry Eichengreen
Douglas A. Irwin

The Slide to Protectionism in the Great Depression: Who Succumbed and Why?

w15141 Galina Hale
Assaf Razin
Hui Tong

The Impact of Credit Protection on Stock Prices in the Presence of Credit Crunches

w15123 Espen Henriksen
Finn E. Kydland
Roman Sustek

Globally Correlated Nominal Fluctuations

w15120 Michael P. Dooley
Michael M. Hutchison

Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling-Recoupling Hypothesis

w15113 James Feyrer
Jay C. Shambaugh

Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks

w15043 Michael Hoel
Aart de Zeeuw

Can a Focus on Breakthrough Technologies Improve the Performance of International Environmental Agreements?

w15020 Yuko Hashimoto
Takatoshi Ito

Effects of Japanese Macroeconomic Announcements on the Dollar/Yen Exchange Rate: High-Resolution Picture

w15018 Joshua Aizenman
Financial Crisis and the Paradox of Under- and Over-Regulation

w15008 Philippe Bacchetta
Eric van Wincoop

On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals

w14992 Pravin Krishna
Mine Zeynep Senses

International Trade and Labor Income Risk in the United States

w14965 Pravin Krishna
Andrei A. Levchenko

Comparative Advantage, Complexity and Volatility

w14938 Gita Gopinath
Pierre-Olivier Gourinchas
Chang-Tai Hsieh
Nicholas Li

Estimating the Border Effect: Some New Evidence

w14935 Marcela Eslava
John C. Haltiwanger
Adriana D. Kugler
Maurice Kugler

Trade Reforms and Market Selection: Evidence from Manufacturing Plants in Colombia

w14916 M. Ayhan Kose
Eswar S. Prasad
Ashley D. Taylor

Thresholds in the Process of International Financial Integration

w14910 James Feyrer
Trade and Income -- Exploiting Time Series in Geography

w14875 Jesús Fernández-Villaverde
Pablo A. Guerrón-Quintana
Juan Rubio-Ramírez
Martín Uribe

Risk Matters: The Real Effects of Volatility Shocks

w14874 Yuriy Gorodnichenko
Enrique G. Mendoza
Linda L. Tesar

The Finnish Great Depression: From Russia with Love

w14843 Geert Bekaert
Campbell R. Harvey
Christian Lundblad

Financial Openness and Productivity

w14835 Mario J. Crucini
Mototsugu Shintani
Takayuki Tsuruga

The Law of One Price Without the Border: The Role of Distance Versus Sticky Prices

w14829 Charles Engel
Currency Misalignments and Optimal Monetary Policy: A Reexamination

w14826 Maurice Obstfeld
Jay C. Shambaugh
Alan M. Taylor

Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008

w14816 Maurice Obstfeld
Time of Troubles: The Yen and Japan's Economy, 1985-2008

w14802 Geert Bekaert
Campbell R. Harvey
Christian Lundblad
Stephan Siegel

What Segments Equity Markets?

w14795 Michael B. Devereux
Gregor W. Smith
James Yetman

Consumption and Real Exchange Rates in Professional Forecasts

w14794 Michael B. Devereux
Alan Sutherland

Valuation Effects and the Dynamics of Net External Assets

w14691 Maurice Obstfeld
International Finance and Growth in Developing Countries: What Have We Learned?

w14696 Martin S. Feldstein
Reflections on Americans' Views of the Euro Ex Ante

w14694 Sambit Bhattacharyya
Jeffrey G. Williamson

Commodity Price Shocks and the Australian Economy since Federation

w14662 Andrew B. Bernard
J. Bradford Jensen
Stephen J. Redding
Peter K. Schott

The Margins of U.S. Trade (Long Version)

w14658 Eswar S. Prasad
Some New Perspectives on India's Approach to Capital Account Liberalization

w14636 Indrit Hoxha
Sebnem Kalemli-Ozcan
Dietrich Vollrath

How Big are the Gains from International Financial Integration?


2008
w14558 M. Ayhan Kose
Eswar S. Prasad
Marco E. Terrones

Does Openness to International Financial Flows Raise Productivity Growth?

w14547 Alejandro Justiniano
Bruce Preston

Can Structural Small Open Economy Models Account for the Influence of Foreign Disturbances?

w14542 Jeffrey A. Frankel
The Estimated Effects of the Euro on Trade: Why Are They Below Historical Effects of Monetary Unions Among Smaller Countries?

w14533 Joshua Aizenman
Menzie D. Chinn
Hiro Ito

Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time

w14529 Domenico Giannone
Michele Lenza
Lucrezia Reichlin

Business Cycles in the Euro Area

w14519 Ulf Söderström
Re-Evaluating Swedish Membership in EMU: Evidence from an Estimated Model

w14510 Malin Adolfson
Stefan Laséen
Jesper Lindé
Lars E.O. Svensson

Monetary Policy Trade-Offs in an Estimated Open-Economy DSGE Model

w14493 Sibylle H. Lehmann
Kevin H. O'Rourke

The Structure of Protection and Growth in the Late 19th Century

w14444 Enrique G. Mendoza
Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q

w14437 Caroline M. Betts
Timothy J. Kehoe

Real Exchange Rate Movements and the Relative Price of Non-traded Goods

w14395 Timothy J. Kehoe
Kim J. Ruhl

Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate

w14390 Cédric Tille
Eric van Wincoop

International Capital Flows under Dispersed Information: Theory and Evidence

w14384 Sebastian Edwards
Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability

w14380 Mario J. Crucini
M. Ayhan Kose
Christopher Otrok

What Are the Driving Forces of International Business Cycles?

w14379 Alon Binyamini
Assaf Razin

Inflation-Output Tradeoff as Equilibrium Outcome of Globalization

w14372 Michael B. Devereux
Alan Sutherland

Country Portfolios in Open Economy Macro Models

w14292 M. Ayhan Kose
Christopher Otrok
Eswar S. Prasad

Global Business Cycles: Convergence or Decoupling?

w14264 Antoni Estevadeordal
Alan M. Taylor

Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s

w14242 Matthew Canzoneri
Robert E. Cumby
Behzad Diba
David Lopez-Salido

The Macroeconomic Implications of a Key Currency

w14217 Maurice Obstfeld
Jay C. Shambaugh
Alan M. Taylor

Financial Stability, the Trilemma, and International Reserves

w14200 Gita Gopinath
Oleg Itskhoki

Frequency of Price Adjustment and Pass-through

w14191 Ethan Ilzetzki
Carlos A. Vegh

Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?

w14190 Jean Boivin
Marc P. Giannoni
Benoît Mojon

How Has the Euro Changed the Monetary Transmission?

w14175 Menzie D. Chinn
Michael J. Moore

Private Information and a Macro Model of Exchange Rates: Evidence from a Novel Data Set

w14168 Yin-Wong Cheung
Menzie D. Chinn
Eiji Fujii

Pitfalls in Measuring Exchange Rate Misalignment: The Yuan and Other Currencies

w14139 David S. Jacks
Krishna Pendakur

Global Trade and the Maritime Transport Revolution

w14126 Paul R. Bergin
Ching-Yi Lin

Exchange Rate Regimes and the Extensive Margin of Trade

w14071 Kenneth S. Rogoff
Vania Stavrakeva

The Continuing Puzzle of Short Horizon Exchange Rate Forecasting

w14092 Malin Adolfson
Stefan Laséen
Jesper Lindé
Lars E.O. Svensson

Optimal Monetary Policy in an Operational Medium-Sized DSGE Model

w14077 Gregory Clark
Kevin H. O'Rourke
Alan M. Taylor

Made in America? The New World, the Old, and the Industrial Revolution

w14051 Eswar S. Prasad
Raghuram Rajan

A Pragmatic Approach to Capital Account Liberalization

w14026 Guillermo A. Calvo
Alejandro Izquierdo
Luis-Fernando Mejía

Systemic Sudden Stops: The Relevance Of Balance-Sheet Effects And Financial Integration

w14016 Jeffrey A. Frankel
Shang-Jin Wei

Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights

w13889 Frederic S. Mishkin
Exchange Rate Pass-Through And Monetary Policy

w13965 Emi Nakamura
Pass-Through in Retail and Wholesale

w13948 Frederic S. Mishkin
Globalization, Macroeconomic Performance, and Monetary Policy

w13925 Viktoria Hnatkovska
Amartya Lahiri
Carlos A. Vegh

Interest Rates and the Exchange Rate: A Non-Monotonic Tale

w13910 Jón Steinsson
The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models

w13908 Kristin J. Forbes
Why do Foreigners Invest in the United States?

w13901 Yu-Chin Chen
Kenneth Rogoff
Barbara Rossi

Can Exchange Rates Forecast Commodity Prices?

w13880 Peter Blair Henry
Diego Sasson

Capital Account Liberalization, Real Wages, and Productivity

w13876 Christopher D. Carroll
Jiri Slacalek
Martin Sommer

International Evidence on Sticky Consumption Growth

w13853 Joshua Aizenman
Jaewoo Lee

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

w13846 Robert Dekle
Jonathan Eaton
Samuel Kortum

Global Rebalancing with Gravity: Measuring the Burden of Adjustment

w13820 Linda S. Goldberg
Cédric Tille

Macroeconomic Interdependence and the International Role of the Dollar

w13814 Charles Engel
Jian Wang

International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities

w13807 Juan Carlos Hallak
Peter K. Schott

Estimating Cross-Country Differences in Product Quality

w13795 Giancarlo Corsetti
Philippe Martin
Paolo Pesenti

Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment

w13792 Selim Elekdag
Rene Lalonde
Douglas Laxton
Dirk Muir
Paolo Pesenti

Oil Price Movements and the Global Economy: A Model-Based Assessment

w13736 Jean Boivin
Marc Giannoni

Global Forces and Monetary Policy Effectiveness

w13734 Joshua Aizenman
Yi Sun

Globalization and the Sustainability of Large Current Account Imbalances: Size Matters

w13731 Ariel Burstein
Christopher Kurz
Linda Tesar

Trade, Production Sharing, and the International Transmission of Business Cycles


2007
w13662 Andres Rodriguez-Clare
Trade, Diffusion and the Gains from Openness

w13620 Paul R. Bergin
Robert C. Feenstra

Pass-through of Exchange Rates and Competition Between Floaters and Fixers

w13619 Eswar S. Prasad
Raghuram G. Rajan
Arvind Subramanian

Foreign Capital and Economic Growth

w13613 Christopher J. Erceg
Christopher Gust
David López-Salido

The Transmission of Domestic Shocks in the Open Economy

w13659 Katheryn Niles Russ
Exchange Rate Volatility and First-Time Entry by Multinational Firms

w13602 Pierre-Olivier Gourinchas
Olivier Jeanne

Capital Flows to Developing Countries: The Allocation Puzzle

w13591 Juan Carlos Conesa
Timothy J. Kehoe
Kim J. Ruhl

Modeling Great Depressions: The Depression in Finland in the 1990s

w13586 Li Wang
John Whalley

The Impacts of Renminbi Appreciation on Trades Flows and Reserve Accumulation in a Monetary Trade Model

w13577 Michael D. Bordo
Christopher M. Meissner

Foreign Capital and Economic Growth in the First Era of Globalization

w13571 Horag Choi
Nelson C. Mark
Donggyu Sul

Endogenous Discounting, the World Saving Glut and the U.S. Current Account

w13544 Giancarlo Corsetti
Luca Dedola
Sylvain Leduc

Optimal Monetary Policy and the Sources of Local-Currency Price Stability

w13517 Benjamin Malin
Dirk Krueger
Felix Kubler

Computing Stochastic Dynamic Economic Models with a Large Number of State Variables: A Description and Application of a Smolyak-Collocation Method

w13515 Ellen McGrattan
Edward C. Prescott

Openness, Technology Capital, and Development

w13483 Jonathan Heathcote
Fabrizio Perri

The International Diversification Puzzle Is Not As Bad As You Think

t0345 Benjamin Malin
Dirk Krueger
Felix Kubler

Computing Stochastic Dynamic Economic Models with a Large Number of State Variables: A Description and Application of a Smolyak-Collocation Method

w13467 Julian di Giovanni
Jay C. Shambaugh

The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime

w13463 Stephen Cameron
Shubham Chaudhuri
John McLaren

Trade Shocks and Labor Adjustment: Theory

w13440 Mehmet Fatih Ekinci
Sebnem Kalemli-Ozcan
Bent Sorensen

Financial Integration within EU Countries: The Role of Institutions, Confidence and Trust

w13432 Gita Gopinath
Oleg Itskhoki
Roberto Rigobon

Currency Choice and Exchange Rate Pass-through

w13424 Nicolas Coeurdacier
Robert Kollmann
Philippe Martin

International Portfolios with Supply, Demand and Redistributive Shocks

w13412 Enrique G. Mendoza
Vincenzo Quadrini
José-Victor Ríos-Rull

On the Welfare Implications of Financial Globalization without Financial Development

w13403 Kris James Mitchener
Marc D. Weidenmier

The Baring Crisis and the Great Latin American Meltdown of the 1890s

w13388 Jiandong Ju
Shang-Jin Wei

Current Account Adjustment: Some New Theory and Evidence

w13366 Stijn Van Nieuwerburgh
Laura Veldkamp

Information Immobility and the Home Bias Puzzle

w13364 Hiro Ito
Menzie Chinn

East Asia and Global Imbalances: Saving, Investment, and Financial Development

w13329 Michael Woodford
Globalization and Monetary Control

w13328 Morten O. Ravn
Stephanie Schmitt-Grohé
Martín Uribe

Explaining the Effects of Government Spending Shocks on Consumption and the Real Exchange Rate

w13318 Charles Engel
Nelson C. Mark
Kenneth D. West

Exchange Rate Models Are Not as Bad as You Think

w13313 Barry Bosworth
Susan M. Collins
Gabriel Chodorow-Reich

Returns on FDI: Does the U.S. Really Do Better?

w13280 Assaf Razin
Alon Binyamini

Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy: Outcome of Globalization?

w13277 Joshua Aizenman
Large Hoarding of International Reserves and the Emerging Global Economic Architecture

w13244 Domenico Delli Gatti
Mauro Gallegati
Bruce C. Greenwald
Joseph E. Stiglitz

Net Worth, Exchange Rates, and Monetary Policy: The Effects of a Devaluation in a Financially Fragile Environment

w13241 Pol Antràs
Ricardo J. Caballero

Trade and Capital Flows: A Financial Frictions Perspective

w13216 Laura Alfaro
Fabio Kanczuk

Optimal Reserve Management and Sovereign Debt

w13205 Philippe Bacchetta
Eric van Wincoop

Random Walk Expectations and the Forward Discount Puzzle

w13197 Michael P. Dooley
Peter M. Garber
David Folkerts-Landau

The Two Crises of International Economics

w13184 Robert W. Fogel
Capitalism and Democracy in 2040: Forecasts and Speculations

w13177 Guillermo A. Calvo
Interest Rate Rules, Inflation Stabilization, and Imperfect Credibility: The Small Open Economy Case

w13173 Pierpaolo Benigno
Portfolio Choices with Near Rational Agents: A Solution of Some International-Finance Puzzles

w13170 James E. Rauch
Development Through Synergistic Reform

w13154 Amartya Lahiri
Rajesh Singh
Carlos A. Vegh

Segmented Asset Markets and Optimal Exchange Rate Regimes

w13144 Paul R. Bergin
Robert C. Feenstra
Gordon H. Hanson

Outsourcing and Volatility

w13123 Ceyhun Bora Durdu
Enrique G. Mendoza
Marco E. Terrones

Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism

w13111 Timothy J. Kehoe
Kim J. Ruhl

Are Shocks to the Terms of Trade Shocks to Productivity?

w13077 Ricardo J. Caballero
Guido Lorenzoni

Persistent Appreciations and Overshooting: A Normative Analysis

w13073 Ariel Burstein
Alexander Monge-Naranjo

Foreign Know-How, Firm Control, and the Income of Developing Countries

w13048 John Romalis
Market Access, Openness and Growth

w13035 Robert Dekle
Jonathan Eaton
Samuel Kortum

Unbalanced Trade

w12947 Enrique G. Mendoza
Jonathan D. Ostry

International Evidence on Fiscal Solvency: Is Fiscal Policy "Responsible"?

w12943 Barry Bosworth
Susan M. Collins

Accounting for Growth: Comparing China and India

w12937 Fabio Ghironi
Jaewoo Lee
Alessandro Rebucci

The Valuation Channel of External Adjustment

w12925 Olivier Blanchard
Current Account Deficits in Rich Countries

w12916 Craig Burnside
Martin Eichenbaum
Sergio Rebelo

The Returns to Currency Speculation in Emerging Markets

w12909 Enrique G. Mendoza
Vincenzo Quadrini
Jose-Victor Rios-Rull

Financial Integration, Financial Deepness and Global Imbalances

w12901 Barry Bosworth
Susan M. Collins
Arvind Virmani

Sources of Growth in the Indian Economy

w12861 Andrew Atkeson
Ariel Burstein

Pricing-to-Market in a Ricardian Model of International Trade

w12856 Eric Van Wincoop
Cedric Tille

International Capital Flows

w12850 Yin-Wong Cheung
Menzie D. Chinn
Eiji Fujii

The Overvaluation of Renminbi Undervaluation

w12750 Joshua Aizenman
Kenneth Kletzer
Brian Pinto

Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences


2006
w12806 Romain Ranciere
Aaron Tornell
Frank Westermann

Decomposing the Effects of Financial Liberalization: Crises vs. Growth

w12753 Ricardo J. Caballero
On the Macroeconomics of Asset Shortages

w12734 Joshua Aizenman
International Reserves Management and the Current Account

w12731 Morten Ravn
Stephanie Schmitt-Grohe
Martin Uribe

Pricing to Habits and the Law of One Price

w12729 Michael W. Klein
Jay C. Shambaugh

The Nature of Exchange Rate Regimes

w12728 Eric van Wincoop
Francis E. Warnock

Is Home Bias in Assets Related to Home Bias in Goods?

w12718 Joshua Aizenman
Jaewoo Lee

Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding

w12708 Alessandra Fogli
Fabrizio Perri

The "Great Moderation" and the US External Imbalance

w12704 Hamid Faruqee
Douglas Laxton
Dirk Muir
Paolo Pesenti

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

w12703 Douglas Laxton
Papa N'Diaye
Paolo Pesenti

Deflationary Shocks and Monetary Rules: an Open-Economy Scenario Analysis

w12699 Maurice Obstfeld
Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate

w12698 Peter Blair Henry
Capital Account Liberalization: Theory, Evidence, and Speculation

w12697 Karen K. Lewis
Is the International Diversification Potential Diminishing? Foreign Equity Inside and Outside the US

w12684 Amartya Lahiri
Rajesh Singh
Carlos A. Vegh

Optimal exchange rate regimes: Turning Mundell-Fleming's dictum on its head

w12673 Richard E. Baldwin
Virginia Di Nino

Euros and Zeros: The Common Currency Effect on Trade in New Goods

w12652 Eliot A. Jamison
Dean T. Jamison
Eric A. Hanushek

The Effects of Education Quality on Income Growth and Mortality Decline

w12629 Javier García-Cicco
Roberto Pancrazi
Martín Uribe

Real Business Cycles in Emerging Countries?

w12580 Christopher M. Meissner
Alan M. Taylor

Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective

w12567 Claustre Bajona
Timothy J. Kehoe

Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model

w12566 Claustre Bajona
Timothy J. Kehoe

Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations Versus Infinitely Lived Consumers

w12564 Enrique G. Mendoza
Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q

w12551 Jianhuai Shi
Are Currency Appreciations Contractionary in China?

w12547 Jose Manuel Campa
Linda S. Goldberg

Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?

w12543 Alan M. Taylor
Janine L. F. Wilson

International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30

w12522 Laura Alfaro
Areendam Chanda
Sebnem Kalemli-Ozcan
Selin Sayek

How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages

w12516 Richard Baldwin
Daria Taglioni

Gravity for Dummies and Dummies for Gravity Equations

w12512 Christian Broda
Joshua Greenfield
David Weinstein

From Groundnuts to Globalization: A Structural Estimate of Trade and Growth

w12495 Linda S. Goldberg
Cédric Tille

The International Role of the Dollar and Trade Balance Adjustment

w12484 M. Ayhan Kose
Eswar Prasad
Kenneth S. Rogoff
Shang-Jin Wei

Financial Globalization: A Reappraisal

w12483 Giancarlo Corsetti
Luca Dedola
Sylvain Leduc

Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries

w12481 Menzie D. Chinn
Ron Alquist

Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment

w12448 Roberto Chang
Electoral Uncertainty and the Volatility of International Capital Flows

w12395 Takatoshi Ito
Kiyotaka Sato

Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through

w12373 Lee Branstetter
Nicholas Lardy

China's Embrace of Globalization

w12328 Alberto Alesina
William Easterly
Janina Matuszeski

Artificial States

w12271 Robert E. Lipsey
Measuring International Trade in Services

w12260 Martín Uribe
Individual Versus Aggregate Collateral Constraints and the Overborrowing Syndrome

w12249 John Whalley
Xian Xin

China's FDI and Non-FDI Economies and the Sustainability of Future High Chinese Growth

w12229 Sebastian Edwards
Monetary Unions, External Shocks and Economic Performance: A Latin American Perspective

w12219 Pierpaolo Benigno
Are Valuation Effects Desirable from a Global Perspective?

w12215 Michael B. Devereux
Charles Engel

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

w12214 Charles Engel
Akito Matsumoto

Portfolio Choice in a Monetary Open-Economy DSGE Model

w12213 Michael B. Devereux
Charles Engel

Expectations and Exchange Rate Policy

w12198 Eiji Ogawa
Junko Shimizu

Stabilization of Effective Exchange Rates Under Common Currency Basket Systems

w12194 Richard H. Clarida
G7 Current Account Imbalances: Sustainability and Adjustment

w12193 Richard H. Clarida
Manuela Goretti
Mark P. Taylor

Are There Thresholds of Current Account Adjustment in the G7?

w12173 Peter K. Schott
The Relative Sophistication of Chinese Exports

w12168 Martin Feldstein
The 2006 Economic Report of the President: Comment on Chapter One (The Year in Review) and Chapter Six (The Capital Account Surplus)

w12163 Sebastian Edwards
The Relationship Between Exchange Rates and Inflation Targeting Revisited

w12154 Sebastian Edwards
The U.S. Current Account Deficit: Gradual Correction or Abrupt Adjustment?

w12121 Linda S. Goldberg
José Manuel Campa

Distribution Margins, Imported Inputs, and the Sensitivity of the CPI to Exchange Rates

w12101 Guillermo A. Calvo
Alejandro Izquierdo
Ernesto Talvi

Phoenix Miracles in Emerging Markets: Recovering without Credit from Systemic Financial Crises

w12038 Marcos Chamon
Michael Kremer

Economic Transformation, Population Growth and the Long-Run World Income Distribution

w11996 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

An Equilibrium Model of "Global Imbalances" and Low Interest Rates

w11966 Enrique G. Mendoza
Lessons From the Debt-Deflation Theory of Sudden Stops

w11921 Charles Engel
John H. Rogers

The U.S. Current Account Deficit and the Expected Share of World Output

w11913 Martin Uribe
On Overborrowing


2005
w11901 Laura Alfaro
Sebnem Kalemli-Ozcan
Vadym Volosovych

Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation

w11853 Menzie D. Chinn
Jaewoo Lee

Three Current Account Balances: A "Semi-Structuralist" Interpretation

w11823 Caroline Freund
Frank Warnock

Current Account Deficits in Industrial Countries: The Bigger They are, the Harder They Fall?

w11815 Jordi Gali
Tommaso Monacelli

Optimal Monetary and Fiscal Policy in a Currency Union

w11795 Natalia Chernyshoff
David S. Jacks
Alan M. Taylor

Stuck on Gold: Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard

w11791 Amartya Lahiri
Carlos A. Vegh

Output Costs, Currency Crises, and Interest Rate Defense of a Peg

w11787 Roberto Chang
Linda Kaltani
Norman Loayza

Openness Can be Good for Growth: The Role of Policy Complementarities

w11761 Menzie D. Chinn
Hiro Ito

Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut"

w11748 Martin D. D. Evans
Richard K. Lyons

Understanding Order Flow

w11719 Menzie D. Chinn
Supply Capacity, Vertical Specialization and Tariff Rates: The Implications for Aggregate U.S. Trade Flow Equations

w11713 William H. Branson
Conor N. Healy

Monetary and Exchange Rate Policy Coordination in ASEAN 1

w11706 Yuriy Gorodnichenko
Linda Tesar

A Re-Examination of the Border Effect

w11696 Laura Alfaro
Sebnem Kalemli-Ozcan
Vadym Volosovych

Capital Flows in a Globalized World: The Role of Policies and Institutions

w11691 Enrique G. Mendoza
Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies

w11669 Sebastian Edwards
The End of Large Current Account Deficits, 1970-2002: Are There Lessons for the United States?

w11655 Russell Cooper
Hubert Kempf
Dan Peled

Is It Is or Is It Ain't My Obligation? Regional Debt in a Fiscal Federation

w11653 Linda Goldberg
Trade Invoicing in the Accession Countries: Are They Suited to the Euro?

w11652 Joshua Aizenman
Reuven Glick

Pegged Exchange Rate Regimes -- A Trap?

w11640 Ilan Goldfajn
André Minella

Capital Flows and Controls in Brazil: What Have We Learned?

w11637 Paul R. Bergin
Reuven Glick

Tradability, Productivity, and Understanding International Economic Integration

w11632 José Manuel Campa
Linda S. Goldberg
José M. González-Mínguez

Exchange-Rate Pass-Through to Import Prices in the Euro Area

w11618 Ricardo J. Caballero
Arvind Krishnamurthy

Bubbles and Capital Flow Volatility: Causes and Risk Management

w11583 Hamid Faruqee
Douglas Laxton
Dirk Muir
Paolo Pesenti

Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing

w11580 Zsolt Darvas
Andrew K. Rose
György Szapáry

Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic

w11550 Philippe Martin
Hélène Rey

Globalization and Emerging Markets: With or Without Crash?

w11541 Sebastian Edwards
Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?

w11524 Laura Bottazzi
Giovanni Peri

The International Dynamics of R&D and Innovation in the Short and in the Long Run

w11521 Menzie D. Chinn
A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation

w11492 Guillermo A. Calvo
Alejandro Izquierdo
Rudy Loo-Kung

Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects

w11490 Mark Aguiar
Manuel Amador
Gita Gopinath

Efficient Fiscal Policy and Amplification

w11473 Filippo Altissimo
Pierpaolo Benigno
Diego Rodriguez Palenzuela

Long-Run Determinants of Inflation Differentials in a Monetary Union

w11370 Menzie D. Chinn
Hiro Ito

What Matters for Financial Development? Capital Controls, Institutions, and Interactions

w11369 Basant K. Kapur
Capital Flows and Exchange Rate Volatility: Singapore's Experience

w11366 Joshua Aizenman
Jaewoo Lee

International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence

w11353 Kathryn M.E. Dominguez
Linda L. Tesar

International Borrowing and Macroeconomic Performance in Argentina

w11341 Giancarlo Corsetti
Paolo Pesenti

The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

w11312 Torben G. Andersen
Tim Bollerslev
Francis X. Diebold
Clara Vega

Real-Time Price Discovery in Stock, Bond and Foreign Exchange Markets

w11306 Eswar Prasad
Shang-Jin Wei

The Chinese Approach to Capital Inflows: Patterns and Possible Explanations

w11305 Guillermo A. Calvo
Crises in Emerging Market Economies: A Global Perspective

w11301 Sebnem Kalemli-Ozcan
Ariell Reshef
Bent Sorensen
Oved Yosha

Why Does Capital Flow to Rich States?

w11296 Jaume Ventura
A Global View of Economic Growth

w11293 Ricardo Caballero
Stavros Panageas

A Quantitative Model of Sudden Stops and External Liquidity Management

w11272 Justin M. Dubas
Byung-Joo Lee
Nelson C. Mark

Effective Exchange Rate Classifications and Growth

w11249 Martin Feldstein
The Euro and the Stability Pact

w11220 Richard K. Lyons
Michael J. Moore

An Information Approach to International Currencies

w11209 Charles Engel
Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing

w11199 Jeffrey A. Frankel
David C. Parsley
Shang-Jin Wei

Slow Passthrough Around the World: A New Import for Developing Countries?

w11178 Ceyhun Bora Durdu
Enrique G. Mendoza

Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff

w11171 Torsten Persson
Forms of Democracy, Policy and Economic Development

w11165 Giancarlo Corsetti
Philippe Martin
Paolo A. Pesenti

Productivity Spillovers, Terms of Trade and the "Home Market Effect"

w11153 Guillermo A. Calvo
Ernesto Talvi

Sudden Stop, Financial Factors and Economic Collpase in Latin America: Learning from Argentina and Chile

w11145 Joshua Aizenman
Financial Liberalization in Latin-America in the 1990s: A Reassessment

w11137 Olivier Blanchard
Francesco Giavazzi
Filipa Sa

The U.S. Current Account and the Dollar

w11133 V.V. Chari
Patrick Kehoe
Ellen R. McGrattan

Sudden Stops and Output Drops

w11131 Assaf Razin
Yona Rubinstein

Evaluation of Exchange-Rate, Capital Market, and Dollarization Regimes in the Presence of Sudden Stops

w11127 Linda S. Goldberg
Cedric Tille

Vehicle Currency Use in International Trade

w11092 Ozge Senay
Alan Sutherland

Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes?

w11077 Menzie D. Chinn
Guy Meredith

Testing Uncovered Interest Parity at Short and Long Horizons during the Post-Bretton Woods Era

w11076 Romain Ranciere
Aaron Tornell
Frank Westermann

Systemic Crises and Growth

w11061 Nelson C. Mark
Changing Monetary Policy Rules, Learning, and Real Exchange Rate Dynamics

w11056 Bennett T. McCallum
A Monetary Policy Rule for Automatic Prevention of a Liquidity Trap

w11045 Francesco Caselli
Silvana Tenreyro

Is Poland the Next Spain?

w11042 Martin D.D. Evans
Richard K. Lyons

Meese-Rogoff Redux: Micro-Based Exchange Rate Forecasting

w11041 Martin D.D. Evans
Richard K. Lyons

Do Currency Markets Absorb News Quickly?


2004
w10995 Charles Engel
Kenneth D. West

Taylor Rules and the Deutschmark-Dollar Real Exchange Rate

w10957 Jeffrey A. Frankel
Eduardo A. Cavallo

Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, Or Less? Using Gravity to Establish Causality

w10945 John F. Helliwell
Demographic Changes and International Factor Mobility

w10942 Eswar S. Prasad
Kenneth S. Rogoff
Shang-Jin Wei
M. Ayhan Kose

Financial Globalization, Growth and Volatility in Developing Countries

w10940 Enrique G. Mendoza
Katherine A. Smith

Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices

w10907 Jeffrey A. Frankel
Shang-Jin Wei

Managing Macroeconomic Crises

w10869 Maurice Obstfeld
Kenneth Rogoff

The Unsustainable US Current Account Position Revisited

w10866 Robert C. Feenstra
Alan Heston
Marcel P. Timmer
Haiyan Deng

Estimating Real Production and Expenditures Across Nations: A Proposal for Improving the Penn World Tables

w10843 Maurice Obstfeld
External Adjustment

w10827 Andres Velasco
Roberto Chang

Monetary Policy and the Currency Denomination of Debt: A Tale of Two Equilibria

w10790 Enrique G. Mendoza
Ceyhun Bora Durdu

Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees

w10786 Ricardo J. Caballero
Stavros Panageas

Contingent Reserves Management: An Applied Framework

w10785 Mihir A. Desai
C. Fritz Foley

The Comovement of Returns and Investment Within the Multinational Firm

w10781 Robert Dekle
Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows in Immigration

w10780 Graciela L. Kaminsky
Carmen M. Reinhart
Carlos A. Vegh

When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies

w10768 Barry Eichengreen
Yeongseop Rhee
Hui Tong

The Impact of China on the Exports of Other Asian Countries

w10751 Ricardo Hausmann
Ugo Panizza
Roberto Rigobon

The Long-Run Volatility Puzzle of the Real Exchange Rate

w10750 Roberto Rigobon
Dani Rodrik

Rule of Law, Democracy, Openness, and Income: Estimating the Interrelationships

w10749 Ha Yan Lee
Luca Antonio Ricci
Roberto Rigobon

Once Again, is Openness Good for Growth?

w10734 Mark Aguiar
Gita Gopinath

Emerging Market Business Cycles: The Cycle is the Trend

w10731 Mark Aguiar
Gita Gopinath

Defaultable Debt, Interest Rates and the Current Account

w10725 Marianne Baxter
Michael A. Kouparitsas

Determinants of Business Cycle Comovement: A Robust Analysis

w10673 Aasim M. Husain
Ashoka Mody
Kenneth S. Rogoff

Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies

w10637 Enrique G. Mendoza
P. Marcelo Oviedo

Public Debt, Fiscal Solvency and Macroeconomic Uncertainty in Latin America: The Cases of Brazil, Colombia, Costa Rica, and Mexico

w10607 Alan M. Taylor
Mark P. Taylor

The Purchasing Power Parity Debate

w10569 Paul Bergin
Reuven Glick
Alan M. Taylor

Productivity, Tradability, and the Long-Run Price Puzzle

w10555 Assaf Razin
Yona Rubinstein

Growth Effects of the Exchange-Rate Regime and the Capital-Account Openness in A Crisis-Prone World Market: A Nuanced View

w10540 Fabio Ghironi
Marc J. Melitz

International Trade and Macroeconomic Dynamics with Heterogeneous Firms

w10441 Linda Goldberg
Financial-Sector FDI and Host Countries: New and Old Lessons

w10396 Maurice Obstfeld
Jay C. Shambaugh
Alan M. Taylor

The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility

w10393 Maurice Obstfeld
Jay C. Shambaugh
Alan M. Taylor

Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar period

w10389 Olivier Blanchard
Fiscal Dominance and Inflation Targeting: Lessons from Brazil

w10379 Martin D.D. Evans
Richard K. Lyons

A New Micro Model of Exchange Rate Dynamics

w10356 Paul R. Bergin
How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account?

w10318 Anusha Chari
Peter Blair Henry

Is the Invisible Hand Discerning or Indiscriminate? Investment and Stock Prices in the Aftermath of Capital Account Liberalizations

w10238 Ariel Burstein
Joao C. Neves
Sergio Rebelo

Investment Prices and Exchange Rates: Some Basic Facts

w10232 V.V. Chari
Patrick J. Kehoe

On the Desirability of Fiscal Constraints in a Monetary Union

w10230 Serkan Arslanalp
Peter Blair Henry

Helping the Poor to Help Themselves: Debt Relief or Aid

w10217 Serkan Arslanalp
Peter Blair Henry

Is Debt Relief Efficient?


2003
w10152 Romain Wacziarg
Karen Horn Welch

Trade Liberalization and Growth: New Evidence

w10110 Willem Buiter
Anne C. Sibert

Cross-Border Tax Externalities: Are Budget Deficits Too Small?

w10018 Martin Uribe
Vivian Z. Yue

Country Spreads and Emerging Countries: Who Drives Whom?

w9900 Paul R. Bergin
Ivan Tchakarov

Does Exchange Rate Risk Matter for Welfare?

w9864 Guillermo A. Calvo
Explaining Sudden Stops, Growth Collapse and BOP Crises: The Case of Distortionary Output Taxes

w9862 Stephanie Schmitt-Grohe
Martin Uribe

Anticipated Ramsey Reforms and the Uniform Taxation Principle: the Role of International Financial Markets

w9828 Guillermo A. Calvo
Alejandro Izquierdo
Ernesto Talvi

Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability: Argentina's Lessons

w9808 Guillermo Calvo
Frederic S. Mishkin

The Mirage of Exchange Rate Regimes for Emerging Market Countries

w9778 Ricardo J. Caballero
Stavros Panageas

Hedging Sudden Stops and Precautionary Contractions

w9746 Enrique G. Mendoza
Linda L. Tesar

A Quantitative Analysis of Tax Competition v. Tax Coordination under Perfect Capital Mobility

w9739 Paul R. Bergin
Reuven Glick

Endogenous Tradability and Macroeconomic Implications

w9618 Joshua Aizenman
Reuven Glick

Military Expenditure, Threats, and Growth

w9543 Michael B. Devereux
Charles Engel
Peter E. Storgaard

Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance

w9521 Menzie D. Chinn
Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined

w9514 Sebastian Edwards
Igal Magendzo

A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions

w9498 Eric van Wincoop
Philippe Bacchetta

Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?

w9436 Kenn Ariga
Kenji Matsui

Mismeasurement of the CPI

w9435 Silvana Tenreyro
Robert J. Barro

Economic Effects of Currency Unions


2002
w9393 Yin-Wong Cheung
Menzie D. Chinn
Antonio Garcia Pascual

Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?

w9372 Jean Imbs
Haroon Mumtaz
Morton O. Ravn
Helene Rey

PPP Strikes Back: Aggregation and the Real Exchange Rate

w9352 Philippe Bacchetta
Eric van Wincoop

Why Do Consumer Prices React less than Import Prices to Exchange Rates?

w9294 Martin Uribe
Real Exchange Rate Targeting and Macroeconomic Instability

w9292 Jonathan Heathcote
Fabrizio Perri

Financial Globalization and Real Regionalization

w9288 Philippe Martin
Helene Rey

Financial Globalization and Emerging Markets: With or Without Crash?

w9286 Enrique G. Mendoza
Katherine A. Smith

Margin Calls, Trading Costs, and Asset Prices in Emerging Markets: The Finanical Mechanics of the 'Sudden Stop' Phenomenon

w9270 Stephanie Schmitt-Grohe
Martin Uribe

Closing Small Open Economy Models

w9257 Sebastian Edwards
The Great Exchange Rate Debate After Argentina

w9221 Martin Uribe
A Fiscal Theory of Sovereign Risk

w9039 Philippe Bacchetta
Eric van Wincoop

A Theory of the Currency Denomination of International Trade

w9030 Aart Kraay
Jaume Ventura

Current Accounts in the Long and Short Run

w9016 Charles Engel
Expenditure Switching and Exchange Rate Policy

w8988 Anusha Chari
Peter Blair Henry

Risk Sharing and Asset Prices: Evidence From a Natural Experiment

w8967 Menzie D. Chinn
Hiro Ito

Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence

w8951 Robert J. Barro
Jong-Wha Lee

IMF Programs: Who is Chosen and What Are the Effects?

w8950 Enrique G. Mendoza
Why Should Emerging Economies Give up National Currencies: A Case for 'Institutions Substitution'

w8934 Jose Manuel Campa
Linda S. Goldberg

Exchange Rate Pass-Through into Import Prices: A Macro or Micro Phenomenon?

w8930 Stanley Fischer
Ratna Sahay
Carlos A. Vegh

Modern Hyper- and High Inflations

w8905 Jordi Gali
Tommaso Monacelli

Monetary Policy and Exchange Rate Volatility in a Small Open Economy

w8880 Cristina Arellano
Enrique G. Mendoza

Credit Frictions and 'Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises

w8858 Michael B. Devereux
Charles Engel

Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect

w8838 Roberto Chang
Andres Velasco

Dollarization: Analytical Issues

w8837 Martin Feldstein
Economic and Financial Crises in Emerging Market Economies: Overview of Prevention and Management

w8827 Assaf Razin
Efraim Sadka
Tarek Coury

Trade Openness and Investment Instability

w8824 Ron Alquist
Menzie D. Chinn

Productivity and the Euro-Dollar Exchange Rate Puzzle

w8783 Giancarlo Corsetti
Paolo Pesenti

Self-Validating Optimum Currency Areas

w8725 Charles Engel
The Responsiveness of Consumer Prices to Exchange Rates And the Implications for Exchange-Rate Policy: A Survey Of a Few Recent New Open-Economy...

w8721 Eric Parrado
Andres Velasco

Optimal Interest Rate Policy in a Small Open Economy

w8712 David Hummels
Peter J. Klenow

The Variety and Quality of a Nation's Trade


2001
w8671 Sebastian Edwards
I. Igal Magendzo

Dollarization, Inflation and Growth

w8645 Alberto Alesina
Ignazio Angeloni
Federico Etro

The Political Economy of International Unions

w8559 Michael B. Devereux
Charles Engel

Endogenous Currency of Price Setting in a Dynamic Open Economy Model

w8558 Jeffrey R. Campbell
Beverly Lapham

Real Exchange Rate Fluctuations and the Dynamics of Retail Trade Industries on the U.S.-Canada Border

w8550 Charles Engel
James C. Morley

The Adjustment of Prices and the Adjustment of the Exchange Rate

w8476 Philippe Martin
Helene Rey

Financial Super-Markets: Size Matters for Asset Trade

w8475 Marianne Baxter
Dorsey D. Farr

The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity: Some International Evidence

w8408 Ian W. McLean
Alan M. Taylor

Australian Growth: A California Perspective

w8392 Marianne Baxter
Dorsey Farr

Variable Factor Utilization and International Business Cycles

w8391 Amartya Lahiri
Carlos A. Vegh

Living with the Fear of Floating: An Optimal Policy Perspective

w8373 Yung Chul Park
Jong-Wha Lee

Recovery and Sustainability in East Asia

w8369 Maurice Obstfeld
International Macroeconomics: Beyond the Mundell-Fleming Model

w8362 Margarida Duarte
Alan C. Stockman

Rational Speculation and Exchange Rates

w8361 Greg Leonard
Alan C. Stockman

Current Accounts and Exchange Rates: A New Look at the Evidence

w8338 Enrique G. Mendoza
Credit, Prices, and Crashes: Business Cycles with a Sudden Stop

w8322 Robert Dekle
Kenneth M. Kletzer

Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia

w8265 Anusha Chari
Peter Blair Henry

Stock Market Liberalizations and the Repricing of Systematic Risk

w8217 Enrique G. Mendoza
The International Macroeconomics of Taxation and the Case Against European Tax Harmonization

w8209 Linda S. Goldberg
When Is U.S. Bank Lending to Emerging Markets Volatile?

w8137 Linda Goldberg
Joseph Tracy

Exchange Rates and Wages

w8104 Aart Kraay
Jaume Ventura

Comparative Advantage and the Cross-section of Business Cycles

w8083 Daron Acemoglu
Jaume Ventura

The World Income Distribution

w8070 Jonathan Eaton
Samuel Kortum

Trade in Capital Goods


2000
w8012 Alan M. Taylor
A Century of Purchasing-Power Parity

w7902 Menzie D. Chinn
Kenneth M. Kletzer

International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information

w7889 Charles Engel
Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets

w7885 Kristin Forbes
Roberto Rigobon

Contagion in Latin America: Definitions, Measurement, and Policy Implications

w7864 Maurice Obstfeld
Kenneth Rogoff

Do We Really Need a New International Monetary Compact?

w7862 Ariel T. Burstein
Joao C. Neves
Sergio Rebelo

Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based-Stabilizations

w7857 Jeffrey A. Frankel
Andrew K. Rose

Estimating the Effect of Currency Unions on Trade and Output

w7840 Luis Felipe Cespedes
Roberto Chang
Andres Velasco

Balance Sheets and Exchange Rate Policy

w7836 David C. Parsley
Shang-Jin Wei

Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography

w7818 Charles Engel
Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"

w7807 Kristin Forbes
The Asian Flu and Russian Virus: Firm-level Evidence on How Crises are Transmitted Internationally

w7782 Ricardo J. Caballero
Macroeconomic Volatility in Latin America: A View and Three Case Studies

w7768 Enrique G. Mendoza
On the Instability of Variance Decompositions of the Real Exchange Rate across Exchange-Rate-Regimes: Evidence from Mexico and the United States

w7766 Chong-En Bai
Shang-Jin Wei

Quality of Bureaucracy and Open-Economy Macro Policies

w7743 Pierre-Richard Agenor
Joshua Aizenman

Savings and the Terms of Trade Under Borrowing Constraints

w7734 Amartya Lahiri
Carlos A. Vegh

Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises

w7696 Madanmohan Ghosh
John Whalley

State-Owned Enterprises, Shirking and Trade Liberalization

w7665 Michael B. Devereux
Charles Engel

Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility

w7581 Menzie D. Chinn
Eswar S. Prasad

Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Exploration

w7554 Craig Burnside
Martin Eichenbaum
Sergio T. Rebelo

On the Fundamentals of Self-Fulfilling Speculative Attacks

w7541 Desmond McCarthy
Holger Wolf
Yi Wu

The Growth Costs of Malaria

w7499 Ernesto Talvi
Carlos A. Vegh

Tax Base Variability and Procyclical Fiscal Policy

w7466 Michael W. Klein
Scott Schuh
Robert K. Triest

Job Creation, Job Destruction, and the Real Exchange Rate

w7462 Marianne Baxter
Michael A. Kouparitsas

What Causes Fluctuations in the Terms of Trade?


1999
w7408 Yin-Wong Cheung
Menzie D. Chinn
Eiji Fujii

Market Structure and the Persistence of Sectoral Real Exchange Rates

w7394 Alan M. Taylor
Latin America and Foreign Capital in the Twentieth Century: Economics, Politics, and Institutional Change

w7384 Michael W. Klein
Giovanni Olivei

Capital Account Liberalization, Financial Depth and Economic Growth

w7382 Michael B. Devereux
Charles Engel
Cedric Tille

Exchange Rate Pass-Through and the Welfare Effects of the Euro

w7364 Dani Rodrik
Andres Velasco

Short-Term Capital Flows

w7328 John DiNardo
Mark P. Moore

The Phillips Curve is Back? Using Panel Data to Analyze the Relationship Between Unemployment and Inflation in an Open Economy

w7313 Maurice Obstfeld
Kenneth Rogoff

New Directions for Stochastic Open Economy Models

w7272 Roberto Chang
Andres Velasco

Liquidity Crises in Emerging Markets: Theory and Policy

w7267 Kristin Forbes
Roberto Rigobon

No Contagion, Only Interdependence: Measuring Stock Market Co-movements

w7263 Qinglai Meng
Andres Velasco

Can Capital Mobility be Destabilizing?

w7150 Dani Rodrik
Tanguy van Ypersele

Capital Mobility, Distributive Conflict, and International Tax Coordination

w6431 Maurice Obstfeld
Giovanni Peri

Regional Nonadjustment and Fiscal Policy: Lessons for EMU

w6319 Maurice Obstfeld
Open-Economy Macroeconomics, Developments in Theory and Policy

w7143 Craig Burnside
Martin Eichenbaum
Sergio Rebelo

Hedging and Financial Fragility in Fixed Exchange Rate Regimes

w7135 Andrew B. Bernard
J. Bradford Jensen

Exporting and Productivity

w7090 Susanto Basu
Alan M. Taylor

Business Cycles in International Historical Perspective

w7067 Charles Engel
On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models

w7045 Enrique G. Mendoza
Martin Uribe

The Business Cycles of Balance-of-Payment Crises: A Revision of Mundellan Framework

w7026 Paul R. Bergin
Robert C. Feenstra

Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence

w6994 Bernard Dumas
Raman Uppal

Global Diversification, Growth and Welfare with Imperfectly Integrated Markets for Goods

w6992 Michael B. Devereux
Charles Engel

The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production

w6964 Robert J. Gordon
The Aftermath of the 1992 ERM Breakup: Was There a Macroeconomic Free Lunch?

w6925 Guillermo A. Calvo
Carlos A. Vegh

Inflation Stabilization and BOP Crises in Developing Countries

w6904 Richard E. Baldwin
Philippe Martin

Two Waves of Globalisation: Superficial Similarities, Fundamental Differences

w6889 Giancarlo Corsetti
Paolo Pesenti
Nouriel Roubini
Cedric Tille

Competitive Devaluations: A Welfare-Based Approach

w6879 Daron Acemoglu
Fabrizio Zilbotti

Productivity Differences


1998
w6867 Michael B. Devereux
Charles Engel

Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime

w6862 Michael D. Bordo
Carlos A. Vegh

What If Alexander Hamilton Had Been Argentinean? A Comparison of the Early Monetary Experiences of Argentina and the United States

w6861 Kala Krishna
Ataman Ozyildirim
Norman R. Swanson

Trade, Investment, and Growth: Nexus, Analysis, and Prognosis

w6735 Jeffrey C. Fuhrer
Michael W. Klein

Risky Habits: On Risk Sharing, Habit Formation, and the Interpretation of International Consumption Correlations

w6697 David K. Backus
Mario J. Crucini

Oil Prices and the Terms of Trade

w6694 Maurice Obstfeld
Kenneth Rogoff

Risk and Exchange Rates

w6671 Menzie D. Chinn
On the Won and Other East Asian Currencies

w6669 Geert Bekaert
Campbell R. Harvey

Capital Flows and the Behavior of Emerging Market Equity Returns

w6562 Dani Rodrik
Trade Policy and Economic Performance in Sub-Saharan Africa

w6559 Maurice Obstfeld
The Global Capital Market: Benefactor or Menace?

w6557 Matthew J. Slaughter
International Trade and Per Capita Income Convergence: A Difference-in-Differences Analysis

w6498 Aaron Tornell
Philip R. Lane

Voracity and Growth

w6495 Jaewoo Lee
Menzie D. Chinn

The Current Account and the Real Exchange Rate: A Structural VAR Analysis of Major Currencies

w6491 Menzie D. Chinn
Before the Fall: Were East Asian Currencies Overvalued?

w6477 Richard E. Baldwin
Rikard Forslid

Incremental Trade and Endogenous Growth: A q-Theory Approach

w6424 Richard Portes
Helene Rey

The Emergence of the Euro as an International Currency

w6351 Karen K. Lewis
International Home Bias in International Finance and Business Cycles


1997
w6334 Sebastian Edwards
The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?

w6302 Alan M. Taylor
Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century

w6254 Richard Clarida
Jordi Gali
Mark Gertler

Monetary Policy Rules in Practice: Some International Evidence

w6168 Sergio Rebelo
What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)

w6163 Alberto Alesina
Enrico Spolaore
Romain Wacziarg

Economic Integration and Political Disintegration

w6141 Dani Rodrik
What Drives Public Employment?

w6131 Diana Weinhold
James Rauch

Openness, Specialization, and Productivity Growth in Less Developed Countries

w6108 Menzie David Chinn
The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates

w6062 Javier Andres
Ignacio Hernando

Does Inflation Harm Economic Growth? Evidence for the OECD

w6053 Maurice Obstfeld
Alan M. Taylor

Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited

w6017 Menzie David Chinn
Sectoral Productivity, Government Spending and Real Exchange Rates: Empirical Evidence for OECD Countries

w5978 Sebastian Edwards
Openness, Productivity and Growth: What Do We Really Know?

w5925 Guillermo A. Calvo
Allan Drazen

Uncertain Duration of Reform: Dynamic Implications

w5914 Dani Rodrik
TFPG Controversies, Institutions, and Economic Performance in East Asia

w5892 Allan Drazen
Policy Signaling in the Open Economy: A Re-Examination

w5876 V. V. Chari
Patrick J. Kehoe
Ellen R. McGrattan

Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles

w5874 Atish R. Ghosh
Anne-Marie Gulde
Jonathan D. Ostry
Holger C. Wolf

Does the Nominal Exchange Rate Regime Matter?


1996
w5824 Dongchul Cho
Youngsun Koh

Liberalization of Capital Flows in Korea: Big-Bang or Gradualism?

w5806 Alan M. Taylor
Sources of Convergence in the Late Nineteenth Century

w5801 M. Ishaq Nadiri
Seongjun Kim

International R&D Spillovers, Trade and Productivity in Major OECD Countries

w5798 Alan M. Taylor
Convergence and International Factor Flows in Theory and History

w5777 Charles Engel
Chang-Jin Kim

The Long-Run U.S./U.K. Real Exchange Rate

w5766 Charles Engel
A Model of Foreign Exchange Rate Indetermination

w5723 Yum K. Kwan
Francis T. Lui

Hong Kong's Currency Board and Changing Monetary Regimes

w5709 Menzie Chinn
Louis Johnston

Real Exchange Rate Levels, Productivity and Demand Shocks: Evidence from a Panel of 14 Countries

w5700 Jeffrey A. Frankel
Andrew K. Rose

The Endogeneity of the Optimum Currency Area Criteria

w5600 Frederic S. Mishkin
Understanding Financial Crises: A Developing Country Perspective

w5582 Richard E. Baldwin
Elena Seghezza

Trade-Induced Investment-led Growth

w5470 John F. Helliwell
Economic Growth and Social Capital in Asia

w5416 Richard E. Baldwin
Elena Seghezza

Testing for Trade-Induced Investment-Led Growth


1995
w5395 Charles Engel
John H. Rogers

Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies

w5394 Charles Engel
Accounting for U.S. Real Exchange Rate Changes

w5386 Joshua Aizenman
Nancy Marion

Volatility, Investment and Disappointment Aversion

w5364 Richard E. Baldwin
Rikard Forslid
Jan Haaland

Investment Creation and Investment Diversion: Simulation Analysis of theSingle Market Programme

w5347 Michael P. Dooley
Menzie Chinn

Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials Fail to Measure Capital Market Integration

w5339 Dani Rodrik
Trade Strategy, Investment, and Exports: Another Look at East Asia

w5329 Andrew Atkeson
Jose-Victor Rios-Rull

The Balance of Payments and Borrowing Constraints: An Alternative View of the Mexican Crisis

w5313 Nouriel Roubini
Vittorio Grilli

Liquidity Models in Open Economies: Theory and Empirical Evidence

w5280 Menzie Chinn
Michael Dooley

Asia-Pacific Capital Markets: Measurement of Integration and the Implications for Economic Activity

w5276 Alan M. Taylor
Growth and Convergence in the Asia-Pacific Region: On the Role of Openness, Trade and Migration

w5221 Ann Harrison
Openness and Growth: A Time-Series, Cross-Country Analysis for Developing Countries

w5197 Sergio Rebelo
Carlos A. Vegh

Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories

w5097 Sebastian Edwards
Why are Saving Rates so Different Across Countries?: An International Comparative Analysis

w5086 Enrique G. Mendoza
Linda L. Tesar

Supply-Side Economics in a Global Economy

w5057 Eduardo Borensztein
Jose De Gregorio
Jong-Wha Lee

How Does Foreign Direct Investment Affect Economic Growth?

w5049 Jonathan Eaton
Samuel Kortum

Trade in Ideas: Patenting and Productivity in the OECD

w5025 Marianne Baxter
International Trade and Business Cycles

w5019 Marianne Baxter
Urban J. Jermann

The International Diversification Puzzle is Worse Than You Think


1994
w4931 Jonathan Eaton
Samuel Kortum

International Patenting and Technology Diffusion

w4864 Enrique G. Mendoza
Assaf Razin
Linda L. Tesar

Effective Tax Rates in Macroeconomics: Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption

w4837 Joshua Aizenman
Ricardo Hausmann

Why is Inflation Skewed? A Debt and Volatility Story

w4834 Charles Engel
Craig S. Hakkio

The Distribution of Exchange Rates in the EMS

w4807 Jose De Gregorio
Holger C. Wolf

Terms of Trade, Productivity, and the Real Exchange Rate

w4769 Pierre-Richard Agenor
Joshua Aizenman

Macroeconomic Adjustment with Segmented Labor Markets

w4725 Jong-Wha Lee
Capital Goods Imports and Long-Run Growth

w4714 Alberto F. Ades
Edward L. Glaeser

Evidence on Growth, Increasing Returns and the Extent of the Market

w4693 Maurice Obstfeld
Kenneth Rogoff

Exchange Rate Dynamics Redux

w4659 James E. Rauch
Balanced and Unbalanced Growth

w4656 Joshua Aizenman
On The Need For Fiscal Discipline in an Union

w4655 Charles Engel
John H. Rogers

Relative Returns on Equities in Pacific Basin Countries

w4642 Michael D. Bordo
Dominique Simard
Eugene White

France and the Bretton Woods International Monetary System: 1960-1968

w4612 Jonathan Eaton
Zvi Eckstein

Cities and Growth: Theory and Evidence from France and Japan


1993
w4517 Alan C. Stockman
Lee E. Ohanian

Short-Run Independence of Monetary Policy Under Pegged Exchange Rates and Effects of Money on Exchange Rates and Interest Rates

w4506 Richard H. Clarida
International Capital Mobility, Public Investment and Economic Growth

w4500 Philip L. Brock
Stephen J. Turnovsky

The Dependent Economy Model with Both Traded and Non-Traded Capital Goods

w4442 Richard H. Clarida
Mark P. Taylor

The Term Structure of Forward Exchange Premia and the Forecastibility of Spot Exchange Rates: Correcting the Errors

w4438 Jose De Gregorio
Alberto Giovannini

International Evidence on Tradables and Nontradable Inflation

w4437 Richard H. Clarida
Permanent Income, Import Prices, and the Demand for Imported Consumer Durbales: A Structural Econometric Investigation

w4419 Dani Rodrik
Trade Liberalization in Disinflation

w4417 Dani Rodrik
Trade and Industrial Policy Reform in Developing Countries: A Review of Recent Theory and Evidence

w4366 Joshua Aizenman
Peter Isard

Resource Allocation During the Transition to a Market Economy: Political Implications of Supply Bottlenecks and Adjustment Costs

w4336 Assaf Razin
Chi-Wa Yuen

Convergence in Growth Rates: A Quantitative Assessment of the Role of Capital Mobility and International Taxation

w4325 Martin Feldstein
The Dollar and the Trade Deficit in the 1980s: A Personal View

w4319 Sebastian Edwards
The Political Economy of Infaliton and Stabilization in Developing Countries

w4298 Graciela Kaminsky
Karen K. Lewis

Does Foreign Exchange Intervention Signal Future Monetary Policy?

w4271 Martin Eichenbaum
Charles L. Evans

Some Empirical Evidence on the Effects of Monetary Policy Shocks on Exchange Rates


1992
w4242 David Backus
Patrick J. Kehoe
Finn E. Kydland

Dynamics of the Trade Balance and the Terms of Trade: The S-Curve

w4233 Bennett McCallum
Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies

w4220 Willem H. Buiter
Kenneth M. Kletzer

Permanent International Productivity Growth Differentials in an Integrated Global Economy

w4214 Assaf Razin
Chi-Wa Yuen

Convergence in Growth Rates: The Role of Capital Mobility and International Taxation

w4169 Tamim Bayoumi
Barry Eichengreen

Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float: An Impulse-Response Analysis

w4103 Federico Sturzenegger
Inflation and Social Welfare in a Model With Endogenous Financial Adaptation

w4095 Sebastian Edwards
Sequencing and Welfare: Labor Markets and Agriculture

w4086 Stephen J. Turnovsky
Marcelo Bianconi

The International Transmission of Tax Policies in a Dynamic World Economy

w4066 John F. Helliwell
Empirical Linkages Between Democracy and Economic Growth

w3960 Sule Ozler
Dani Rodrik

External Shocks, Politics and Private Investment: Some Theory and Empirical Evidence

w3948 John F. Helliwell
Alan Chung

Convergence and Growth Linkages Between North and South


1991
w3916 Stephen J. Turnovsky
The Impact of Terms of Trade Shocks on a Small Open Economy: A Stochastic Analysis

w3852 Alessandra Casella
Barry Eichengreen

Halting Inflation in Italy and France After World War II

w3812 Richard H. Clarida
Co-Integration, Aggregate Consumption, and the Demand For Imports: A Structural Econometric Investigation

w3811 Richard H. Clarida
The Real Exchange Rate, Exports, and Manufacturing Profits: A Theoreti- cal Framework With Some Empirical Support

w3747 Jeffrey Frankel
Scott Erwin
Katharine Rockett

A Note on Internationally Coordinated Policy Packages Intended to be Robust Under Model Uncertainty


Generated Wed Aug 20 00:00:19 2014

 
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