NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in International Finance and Macroeconomics

NBER Papers in International Finance and Macroeconomics

browse older papers in this program

2010
w15727 Itay Goldstein
Assaf Razin
Hui Tong

Liquidity, Institutional Quality and the Composition of International Equity Flows

w15726 Takatoshi Ito
Great Inflation and Central Bank Independence in Japan

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

w15718 Joseph E. Stiglitz
Risk and Global Economic Architecture: Why Full Financial Integration May Be Undesirable

w15698 Momtchil Pojarliev
Richard M. Levich

Detecting Crowded Trades in Currency Funds

w15694 Daron Acemoglu
Pierre Yared

Political Limits to Globalization

w15693 Daron Acemoglu
Institutions, Factor Prices and Taxation: Virtues of Strong States?

w15657 S. Boragan Aruoba
Francis X. Diebold

Real-Time Macroeconomic Monitoring: Real Activity, Inflation, and Interactions

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

w15636 Ricardo J. Caballero
The "Other" Imbalance and the Financial Crisis


2009
w15628 Costas Arkolakis
Arnaud Costinot
Andrés Rodríguez-Clare

New Trade Models, Same Old Gains?

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

w15599 Koralai Kirabaeva
Assaf Razin

Composition of International Capital Flows: A Survey

w15597 Assaf Razin
Efraim Sadka
Benjarong Suwankiri

The Welfare State and the Skill Mix of Migration: Dynamic Policy Formation

w15580 Martin Berka
Mario J. Crucini

The Consumption Terms of Trade and Commodity Prices

w15578 Daron Acemoglu
James A. Robinson
Rafael Santos

The Monopoly of Violence: Evidence from Colombia

w15556 Mary Amiti
David E. Weinstein

Exports and Financial Shocks

w15552 Murillo Campello
John Graham
Campbell R. Harvey

The Real Effects of Financial Constraints: Evidence from a Financial Crisis

w15534 Michael D. Bordo
Christopher M. Meissner
David Stuckler

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

w15525 David Backus
Espen Henriksen
Frederic Lambert
Christopher Telmer

Current Account Fact and Fiction

w15524 Miguel Almunia
Agustín S. Bénétrix
Barry Eichengreen
Kevin H. O'Rourke
Gisela Rua

From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons

w15523 Richard Clarida
Josh Davis
Niels Pedersen

Currency Carry Trade Regimes: Beyond the Fama Regression

w15518 Òscar Jordà
Alan M. Taylor

The Carry Trade and Fundamentals: Nothing to Fear But FEER Itself

w15516 Valentina Bosetti
Jeffrey A. Frankel

Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460 ppm CO2 Concentrations

w15512 Moritz Schularick
Alan M. Taylor

Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870–2008

w15494 Stephanie Schmitt-Grohé
Martín Uribe

Foreign Demand for Domestic Currency and the Optimal Rate of Inflation

w15479 Ricardo J. Caballero
Alp Simsek

Fire Sales in a Model of Complexity

w15478 Graciela Kaminsky
Amine Mati
Nada Choueiri

Thirty Years of Currency Crises in Argentina: External Shocks or Domestic Fragility?

w15470 Linda S. Goldberg
Cédric Tille

Micro, Macro, and Strategic Forces in International Trade Invoicing

w15467 Olivier J. Blanchard
Marianna Riggi

Why are the 2000s so different from the 1970s? A structural interpretation of changes in the macroeconomic effects of oil prices

w15455 Simon Johnson
William Larson
Chris Papageorgiou
Arvind Subramanian

Is Newer Better? Penn World Table Revisions and Their Impact on Growth Estimates

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

w15419 Jeffrey A. Frankel
Are Bilateral Remittances Countercyclical?

w15418 Jean Imbs
Haroon Mumtaz
Morten O. Ravn
Hélène Rey

One TV, One Price?

w15417 Francesco Giavazzi
Fabio Schiantarelli
Michel Serafinelli

Culture, Policies and Labor Market Outcomes

w15401 Kris James Mitchener
Marc D. Weidenmier

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

w15308 Joshua Aizenman
Yi Sun

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

w15389 Michael D. Bordo
Joseph G. Haubrich

Credit Crises, Money and Contractions: an historical view

w15359 Emi Nakamura
Jón Steinsson

Lost in Transit: Product Replacement Bias and Pricing to Market

w15358 Andrew K. Rose
Mark M. Spiegel

Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure

w15357 Andrew K. Rose
Mark M. Spiegel

Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning

w15356 Stelios Michalopoulos
Luc Laeven
Ross Levine

Financial Innovation and Endogenous Growth

w15353 Sergio Mayordomo
Juan Ignacio Peña
Eduardo S. Schwartz

Towards a Common European Monetary Union Risk Free Rate

w15332 Rik G.P. Frehen
William N. Goetzmann
K. Geert Rouwenhorst

New Evidence on the First Financial Bubble

w15303 Carlo Favero
Francesco Giavazzi

How large are the effects of tax changes?

w15283 Atif R. Mian
Amir Sufi

House Prices, Home Equity-Based Borrowing, and the U.S. Household Leverage Crisis

w15275 Asli Demirguc-Kunt
Ross Levine

Finance and Inequality: Theory and Evidence

w15268 Francisco J. Buera
Yongseok Shin

Productivity Growth and Capital Flows: The Dynamics of Reforms

w15255 Emi Nakamura
Dawit Zerom

Accounting for Incomplete Pass-Through

w15244 Horag Choi
Nelson C. Mark

Trending Current Accounts

w15228 Christopher D. Carroll
Olivier Jeanne

A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds

w15225 Craig Burnside
Alexandra Tabova

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

w15207 Hui Tong
Shang-Jin Wei

The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis

w15204 Peter Blair Henry
Diego Sasson

Capital Market Integration and Wages

w15195 Kris James Mitchener
Masato Shizume
Marc D. Weidenmier

Why did Countries Adopt the Gold Standard? Lessons from Japan

w15194 Mark Aguiar
Manuel Amador

Growth in the Shadow of Expropriation

w15193 Cristina Arellano
Yan Bai
Jing Zhang

Firm Dynamics and Financial Development

w15190 Sebastian Edwards
FORTY YEARS OF LATIN AMERICA'S ECONOMIC DEVELOPMENT: From the Alliance for Progress to the Washington Consensus

w15187 Yuriy Gorodnichenko
Serena Ng

Estimation of DSGE Models When the Data are Persistent

w15180 Andrea Beltratti
René M. Stulz

Why Did Some Banks Perform Better During the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation

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

w15171 Sebastian Edwards
Latin America's Decline: A Long Historical View

w15169 Eswar S. Prasad
Rebalancing Growth in Asia

w15158 Nuno Cassola
Ali Hortacsu
Jakub Kastl

The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds

w15155 Daron Acemoglu
Melissa Dell

Productivity Differences Between and Within Countries

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

w15131 Esther Duflo
Michael Kremer
Jonathan Robinson

Nudging Farmers to Use Fertilizer: Theory and Experimental Evidence from Kenya

w15128 Marc Flandreau
Juan H. Flores
Norbert Gaillard
Sebastián Nieto-Parra

The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815-2007

w15120 Michael P. Dooley
Michael M. Hutchison

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

w15118 Willem H. Buiter
Negative Nominal Interest Rates: Three ways to overcome the zero lower bound

w15113 James Feyrer
Jay C. Shambaugh

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

w15093 Shang-Jin Wei
Xiaobo Zhang

The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China

w15077 Stephanie E. Curcuru
Tomas Dvorak
Francis E. Warnock

Decomposing the U.S. External Returns Differential

w15062 Emmanuel Farhi
Samuel Paul Fraiberger
Xavier Gabaix
Romain Ranciere
Adrien Verdelhan

Crash Risk in Currency Markets

w15034 Sebnem Kalemli-Ozcan
Elias Papaioannou
José-Luis Peydró

What Lies Beneath the Euro's Effect on Financial Integration: Currency Risk, Legal Harmonization, or Trade?

w15023 Dhammika Dharmapala
C. Fritz Foley
Kristin J. Forbes

Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act

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

w15014 John Y. Campbell
Robert J. Shiller
Luis M. Viceira

Understanding Inflation-Indexed Bond Markets

w15013 Assaf Razin
Edith Sand

Migration-Regime Liberalization and Social Security: Political-Economy Effect

w15008 Philippe Bacchetta
Eric van Wincoop

On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals

w14997 Ricardo J. Caballero
Alp Simsek

Complexity and Financial Panics

w14968 Barry Eichengreen
Poonam Gupta

The Two Waves of Service Sector Growth

w14967 Robert W. Fogel
The Impact of the Asian Miracle on the Theory of Economic Growth

w14961 Juan Carlos Gozzi
Ross Levine
Sergio L. Schmukler

Patterns of International Capital Raisings

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

Estimating the Border Effect: Some New Evidence

w14927 Eyal Dvir
Kenneth S. Rogoff

Three Epochs of Oil

w14925 Douglas W. Diamond
Raghuram G. Rajan

Fear of Fire Sales and the Credit Freeze

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

Thresholds in the Process of International Financial Integration

w14909 Philip R. Lane
Jay C. Shambaugh

The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets

w14904 Barry Eichengreen
Ashoka Mody
Milan Nedeljkovic
Lucio Sarno

How the Subprime Crisis Went Global: Evidence from Bank Credit Default Swap Spreads

w14902 Stefan Laséen
Lars E.O. Svensson

Anticipated Alternative Instrument-Rate Paths in Policy Simulations

w14887 Sebnem Kalemli-Ozcan
Elias Papaioannou
José Luis Peydró

Financial Integration and Business Cycle Synchronization

w14874 Yuriy Gorodnichenko
Enrique G. Mendoza
Linda L. Tesar

The Finnish Great Depression: From Russia with Love

w14854 Andrew K. Rose
Mark M. Spiegel

The Olympic Effect

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

w14834 Mario J. Crucini
Hakan Yilmazkuday

A Model of International Cities: Implications for Real Exchange Rates

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

w14824 Pierpaolo Benigno
New-Keynesian Economics: An AS-AD View

w14821 Joshua Aizenman
Gurnain Kaur Pasricha

Selective Swap Arrangements and the Global Financial Crisis: Analysis and Interpretation

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

w14791 Nergiz Dincer
Barry Eichengreen

Central Bank Transparency: Causes, Consequences and Updates

w14786 Anusha Chari
Wenjie Chen
Kathryn M.E. Dominguez

Foreign Ownership and Firm Performance: Emerging-Market Acquisitions in the United States

w14784 Assaf Razin
Efraim Sadka
Benjarong Suwankiri

Migration and the welfare state: Dynamic Political-Economy Theory

w14779 Joshua Aizenman
On the Paradox of Prudential Regulations in the Globalized Economy: International Reserves and the Crisis a Reassessment

w14760 Robert J. Barro
José F. Ursúa

Stock-Market Crashes and Depressions

w14739 Douglas W. Diamond
Raghuram Rajan

The Credit Crisis: Conjectures about Causes and Remedies

w14738 Alon Cohen
Assaf Razin
Efraim Sadka

The Skill Composition of Migration and the Generosity of the Welfare State

w14734 Pierpaolo Benigno
Salvatore Nisticò

International Portfolio Allocation under Model Uncertainty

w14731 Michael P. Dooley
David Folkerts-Landau
Peter M. Garber

Bretton Woods II Still Defines the International Monetary System

w14720 John F. Helliwell
Christopher P. Barrington-Leigh
Anthony Harris
Haifang Huang

International Evidence on the Social Context of Well-Being

w14701 John Y. Campbell
Adi Sunderam
Luis M. Viceira

Inflation Bets or Deflation Hedges? The Changing Risks of Nominal Bonds

w14700 Jeffrey A. Frankel
New Estimation of China's Exchange Rate Regime

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

w14688 Ricardo J. Caballero
Arvind Krishnamurthy

Global Imbalances and Financial Fragility

w14673 Yin-Wong Cheung
Menzie D. Chinn
Eiji Fujii

China's Current Account and Exchange Rate

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

w14656 Carmen M. Reinhart
Kenneth S. Rogoff

The Aftermath of Financial Crises

w14636 Indrit Hoxha
Sebnem Kalemli-Ozcan
Dietrich Vollrath

How Big are the Gains from International Financial Integration?

w14631 John B. Taylor
The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong


Generated Tue Feb 9 03:45:11 2010

 
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