NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in International Finance and Macroeconomics


2016
w22576 Jacob Boudoukh
Jordan Brooks
Matthew Richardson
Zhikai Xu

The Complexity of Liquidity: The Extraordinary Case of Sovereign Bonds

w22567 Assaf Razin
Steven Rosefielde

Israel and the 1990-2015 Global Developments: Riding with the Global Flows and Weathering the Storms

w22564 Johannes F. Schmieder
Till von Wachter

The Effects of Unemployment Insurance Benefits: New Evidence and Interpretation

w22563 Francesco D’Acunto
Daniel Hoang
Michael Weber

The Effect of Unconventional Fiscal Policy on Consumption Expenditure

w22557 Gregori Galofré-Vilà
Martin McKee
Christopher M. Meissner
David Stuckler

The Economic Consequences of the 1953 London Debt Agreement

w22539 Yin-Wong Cheung
Menzie Chinn
Xin Nong

Estimating Currency Misalignment Using the Penn Effect: It’s Not as Simple As It Looks

w22538 Arnaud Costinot
Dave Donaldson
Margaret Kyle
Heidi Williams

The More We Die, The More We Sell? A Simple Test of the Home-Market Effect

w22535 Guillermo A. Calvo
From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII

w22533 Markus K. Brunnermeier
Yuliy Sannikov

The I Theory of Money

w22509 Pablo D'Erasmo
Enrique G. Mendoza

Optimal Domestic (and External) Sovereign Default

w22506 Craig Benedict
Mario J. Crucini
Anthony Landry

On What States Do Prices Depend? Answers From Ecuador

w22498 Javier Cravino
Andrei A. Levchenko

Multinational Firms and International Business Cycle Transmission

w22489 Jordi Galí
Tommaso Monacelli

Understanding the Gains from Wage Flexibility: The Exchange Rate Connection

w22481 Stephanie Schmitt-Grohé
Martín Uribe

Is Optimal Capital-Control Policy Countercyclical In Open-Economy Models With Collateral Constraints?

w22466 Vahagn Galstyan
Philip R. Lane
Caroline Mehigan
Rogelio Mercado

The Holders and Issuers of International Portfolio Securities

w22460 Kan Chen
Mario Crucini

Trends and Cycles in Small Open Economies: Making The Case For A General Equilibrium Approach

w22444 Eduardo Dávila
Anton Korinek

Fire-Sale Externalities

w22388 Olivier Blanchard
Currency Wars, Coordination, and Capital Controls

w22377 Roberto Chang
Andrés Fernández
Adam Gulan

Bond Finance, Bank Credit, and Aggregate Fluctuations in an Open Economy

w22370 Pierre-Olivier Gourinchas
Thomas Philippon
Dimitri Vayanos

The Analytics of the Greek Crisis

w22368 Antonio Ciccone
Elias Papaioannou

Estimating Cross-Industry Cross-Country Interaction Models Using Benchmark Industry Characteristics

w22361 Fernando E. Alvarez
Francesco Lippi
Juan Passadore

Are State and Time Dependent Models Really Different?

w22349 Jeffrey A. Frankel
Jesse Schreger

Bias in Official Fiscal Forecasts: Can Private Forecasts Help?

w22343 Markus K. Brunnermeier
Yuliy Sannikov

Macro, Money and Finance: A Continuous Time Approach

w22336 Marina Azzimonti
Does Partisan Conflict Deter FDI Inflows to the US?

w22335 Yusuf Soner Baskaya
Sebnem Kalemli-Ozcan

Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake

w22334 Jingting Fan
Sebnem Kalemli-Ozcan

Emergence of Asia: Reforms, Corporate Savings, and Global Imbalances

w22330 Harold Cole
Daniel Neuhann
Guillermo Ordoñez

Debt Crises: For Whom the Bell Tolls

w22329 Assaf Razin
Efraim Sadka

Migration and Redistribution: Why the Federal Governance of an Economic Union Matters

w22307 Kristin Forbes
Dennis Reinhardt
Tomasz Wieladek

The Spillovers, Interactions, and (Un)Intended Consequences of Monetary and Regulatory Policies

w22304 Carlos A. Vegh
Guillermo Vuletin

Unsticking the Flypaper Effect Using Distortionary Taxation

w22299 Gauti B. Eggertsson
Neil R. Mehrotra
Sanjay R. Singh
Lawrence H. Summers

A Contagious Malady? Open Economy Dimensions of Secular Stagnation

w22298 Manuel Amador
Javier Bianchi
Luigi Bocola
Fabrizio Perri

Reverse Speculative Attacks

w22297 George-Marios Angeletos
Chen Lian

Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination

w22295 Emmanuel Farhi
Matteo Maggiori

A Model of the International Monetary System

w22283 Ambrogio Cesa-Bianchi
Alessandro Rebucci

Does Easing Monetary Policy Increase Financial Instability?

w22271 Zhiguo He
Arvind Krishnamurthy
Konstantin Milbradt

A Model of Safe Asset Determination

w22270 Benjamin Hébert
Jesse Schreger

The Costs of Sovereign Default: Evidence from Argentina

w22268 Joshua Aizenman
Hiro Ito

East Asian Economies and Financial Globalization In the Post-Crisis World

w22264 Stephanie Schmitt-Grohé
Martín Uribe

Multiple Equilibria in Open Economy Models with Collateral Constraints: Overborrowing Revisited

w22224 Gianluca Benigno
Huigang Chen
Christopher Otrok
Alessandro Rebucci
Eric R. Young

Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

w22198 Nicholas Ford
Charles Yuji Horioka

The 'Real' Explanation of the PPP Puzzle

w22196 Robert E. Hall
Understanding the Decline in the Safe Real Interest Rate

w22191 Assaf Razin
Efraim Sadka

How Migration Can Change Income Inequality?

w22175 Mario J. Crucini
Gregor W. Smith

Distance and Time Effects in Swedish Commodity Prices, 1732–1914

w22169 Nicola Cetorelli
Linda S. Goldberg

Organizational Complexity and Balance Sheet Management in Global Banks

w22161 Zhi Da
Borja Larrain
Clemens Sialm
José Tessada

Coordinated Noise Trading: Evidence from Pension Fund Reallocations

w22153 Ross Levine
Chen Lin
Wensi Xie

Corporate Resilience to Banking Crises: The Roles of Trust and Trade Credit

w22147 Michael E. Waugh
B. Ravikumar

Measuring Openness to Trade

w22142 Alberto F. Cavallo
Are Online and Offline Prices Similar? Evidence from Large Multi-Channel Retailers

w22139 Olivier Jeanne
Damiano Sandri

Optimal Reserves in Financially Closed Economies

w22133 Markus K. Brunnermeier
Yuliy Sannikov

On the Optimal Inflation Rate

w22128 Matteo Cacciatore
Romain Duval
Giuseppe Fiori
Fabio Ghironi

Market Reforms in the Time of Imbalance

w22125 Mark Aguiar
Satyajit Chatterjee
Harold Cole
Zachary Stangebye

Quantitative Models of Sovereign Debt Crises

w22119 Mary Amiti
Oleg Itskhoki
Jozef Konings

International Shocks and Domestic Prices: How Large Are Strategic Complementarities?

w22111 Alberto Cavallo
Roberto Rigobon

The Billion Prices Project: Using Online Prices for Measurement and Research

w22103 Alberto Cavallo
Guillermo Cruces
Ricardo Perez-Truglia

Learning from Potentially-Biased Statistics: Household Inflation Perceptions and Expectations in Argentina

w22097 Joshua Aizenman
Optimal Currency Area: A 20th Century Idea For the 21st Century?

w22081 Nicholas Ford
Charles Yuji Horioka

The "Real" Explanation of the Feldstein-Horioka Puzzle

w22059 Michael D. Bordo
Christopher M. Meissner

Fiscal and Financial Crises

w22056 Weerachart T. Kilenthong
Robert M. Townsend

A Market Based Solution for Fire Sales and Other Pecuniary Externalities

w22044 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

Safe Asset Scarcity and Aggregate Demand

w22023 Hanno Lustig
Adrien Verdelhan

Does Incomplete Spanning in International Financial Markets Help to Explain Exchange Rates?

w22017 Zhiguo He
Arvind Krishnamurthy
Konstantin Milbradt

What Makes US Government Bonds Safe Assets?

w22008 Gary Gorton
Guillermo Ordoñez

Good Booms, Bad Booms

w22005 Diego Anzoategui
Diego Comin
Mark Gertler
Joseba Martinez

Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence

w21993 Markus K. Brunnermeier
Luis Garicano
Philip Lane
Marco Pagano
Ricardo Reis
Tano Santos
David Thesmar
Stijn Van Nieuwerburgh
Dimitri Vayanos

The Sovereign-Bank Diabolic Loop and ESBies

w21984 Paolo Bertoletti
Federico Etro
Ina Simonovska

International Trade with Indirect Additivity

w21981 Anya Kleymenova
Andrew K. Rose
Tomasz Wieladek

Does Government Intervention Affect Banking Globalization?

w21979 Paul R. Bergin
Reuven Glick
Jyh-Lin Wu

Conditional PPP and Real Exchange Rate Convergence in the Euro Area

w21977 Urban J. Jermann
Financial Markets’ Views about the Euro-Swiss Franc Floor

w21958 Carmen M. Reinhart
Vincent Reinhart
Christoph Trebesch

Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015

w21956 Martin Beraja
Erik Hurst
Juan Ospina

The Aggregate Implications of Regional Business Cycles

w21955 Roberto Chang
Andrés Velasco

Financial Frictions and Unconventional Monetary Policy in Emerging Economies

w21954 Takatoshi Ito
Japanization: Is it Endemic or Epidemic?

w21948 Alessandro Dovis
Mikhail Golosov
Ali Shourideh

Political Economy of Sovereign Debt: A Theory of Cycles of Populism and Austerity

w21938 Shin-ichi Fukuda
Strong Sterling Pound and Weak European Currencies in the Crises: Evidence from Covered Interest Parity of Secured Rates

w21935 Doireann Fitzgerald
Stefanie Haller
Yaniv Yedid-Levi

How Exporters Grow

w21920 Zhiguo He
Bryan Kelly
Asaf Manela

Intermediary Asset Pricing: New Evidence from Many Asset Classes

w21898 Jonathan Heathcote
Fabrizio Perri

On the Desirability of Capital Controls

w21897 Greg Kaplan
Benjamin Moll
Giovanni L. Violante

Monetary Policy According to HANK

w21885 Julian di Giovanni
Andrei A. Levchenko
Isabelle Mejean

The Micro Origins of International Business Cycle Comovement

w21884 Barry Eichengreen
Romain Lafarguette
Arnaud Mehl

Cables, Sharks and Servers: Technology and the Geography of the Foreign Exchange Market

w21878 Jeffrey A. Frankel
International Coordination

w21852 Hélène Rey
International Channels of Transmission of Monetary Policy and the Mundellian Trilemma

w21847 Konrad B. Burchardi
Thomas Chaney
Tarek A. Hassan

Migrants, Ancestors, and Investments

w21843 Emmanuel Farhi
Jean Tirole

Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops

w21840 Jose Asturias
Sewon Hur
Timothy J. Kehoe
Kim J. Ruhl

The Interaction and Sequencing of Policy Reforms


2015
w21817 Nicolas Coeurdacier
Hélène Rey
Pablo Winant

Financial Integration and Growth in a Risky World

w21813 Jeffrey Frankel
The Plaza Accord, 30 Years Later

w21805 Carmen M. Reinhart
Christoph Trebesch

The International Monetary Fund: 70 Years of Reinvention

w21793 Joshua Aizenman
International Coordination and Precautionary Policies

w21791 Michael B. Devereux
Eric R. Young
Changhua Yu

A New Dilemma: Capital Controls and Monetary Policy in Sudden Stop Economies

w21784 Matteo Cacciatore
Romain Duval
Giuseppe Fiori
Fabio Ghironi

Short-Term Pain for Long-Term Gain: Market Deregulation and Monetary Policy in Small Open Economies

w21774 Jonathan Eaton
Samuel S. Kortum
Brent Neiman

Obstfeld and Rogoff's International Macro Puzzles: A Quantitative Assessment

w21773 David Backus
Chase Coleman
Axelle Ferriere
Spencer Lyon

Pareto Weights as Wedges in Two-Country Models

w21760 Pablo D. Fajgelbaum
Eduardo Morales
Juan Carlos Suárez Serrato
Owen M. Zidar

State Taxes and Spatial Misallocation

w21755 Joshua Aizenman
Yothin Jinjarak
Jungsuk Kim
Donghyun Park

Tax Revenue Trends in Asia and Latin America: A Comparative Analysis

w21753 Gordon H. Hanson
Nelson Lind
Marc-Andreas Muendler

The Dynamics of Comparative Advantage

w21744 Lee E. Ohanian
Paulina Restrepo-Echavarria
Mark L. J. Wright

Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America

w21737 Ryan Banerjee
Michael B. Devereux
Giovanni Lombardo

Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows

w21734 Charles Yuji Horioka
Akiko Terada-Hagiwara
Takaaki Nomoto

Explaining Foreign Holdings of Asia's Debt Securities: The Feldstein-Horioka Paradox Revisited

w21722 Silvia Miranda-Agrippino
Hélène Rey

World Asset Markets and the Global Financial Cycle

w21716 Barry Eichengreen
Domenico Lombardi

RMBI or RMBR: Is the Renminbi Destined to Become a Global or Regional Currency?

w21694 Sebastian Edwards
Francis A. Longstaff
Alvaro Garcia Marin

The U.S. Debt Restructuring of 1933: Consequences and Lessons

w21690 Murillo Campello
Mauricio Larrain

Enlarging the Contracting Space: Collateral Menus, Access to Credit, and Economic Activity

w21688 Christopher L. House
Linda L. Tesar

Greek Budget Realities: No Easy Options

w21686 Felipe S. Iachan
Plamen T. Nenov
Alp Simsek

The Choice Channel of Financial Innovation

w21674 Eduardo Borensztein
Eduardo Cavallo
Olivier Jeanne

The Welfare Gains from Macro-Insurance Against Natural Disasters

w21670 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

Global Imbalances and Currency Wars at the ZLB.

w21664 Carmen M. Reinhart
Christoph Trebesch

The Pitfalls of External Dependence: Greece, 1829-2015

w21662 Joshua Aizenman
Mahir Binici

Exchange Market Pressure in OECD and Emerging Economies: Domestic vs. External Factors and Capital Flows in the Old and New Normal

w21661 G. Andrew Karolyi
David T. Ng
Eswar S. Prasad

The Coming Wave: Where Do Emerging Market Investors Put Their Money?

w21646 Gita Gopinath
The International Price System

w21634 Ross Levine
Chen Lin
Lai Wei

Insider Trading and Innovation

w21619 Olivier Blanchard
Jonathan D. Ostry
Atish R. Ghosh
Marcos Chamon

Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

w21606 Assaf Razin
Efraim Sadka

Migration State and Welfare State: Competition vs. Coordination in an Economic Union

w21581 Atif R. Mian
Amir Sufi
Emil Verner

Household Debt and Business Cycles Worldwide

w21574 Pablo D'Erasmo
Enrique G. Mendoza
Jing Zhang

What is a Sustainable Public Debt?

w21567 Sumit Agarwal
Souphala Chomsisengphet
Neale Mahoney
Johannes Stroebel

Do Banks Pass Through Credit Expansions to Consumers Who Want to Borrow?

w21558 Sebnem Kalemli-Ozcan
Bent Sorensen
Carolina Villegas-Sanchez
Vadym Volosovych
Sevcan Yesiltas

How to Construct Nationally Representative Firm Level data from the ORBIS Global Database

w21556 Barry Eichengreen
Donghyun Park
Kwanho Shin

The Global Productivity Slump: Common and Country-Specific Factors

w21555 Chadwick C. Curtis
Steven Lugauer
Nelson C. Mark

Demographics and Aggregate Household Saving in Japan, China, and India

w21535 Reuven Glick
Andrew K. Rose

Currency Unions and Trade: A Post-EMU Mea Culpa

w21518 Takatoshi Ito
Masahiro Yamada

Was the Forex Fixing Fixed?

w21498 Francesco Caselli
Miklós Koren
Milan Lisicky
Silvana Tenreyro

Diversification through Trade

w21490 Alberto Cavallo
Scraped Data and Sticky Prices

w21486 Òscar Jordà
Moritz Schularick
Alan M. Taylor

Leveraged Bubbles

w21480 Joel M. David
Ina Simonovska

Correlated Beliefs, Returns, and Stock Market Volatility

w21471 Eswar Prasad
Boyang Zhang

Distributional Effects of Monetary Policy in Emerging Market Economies

w21462 Pietro Bonaldi
Ali Hortaçsu
Jakub Kastl

An Empirical Analysis of Funding Costs Spillovers in the EURO-zone with Application to Systemic Risk

w21456 Cristina Arellano
Andrew Atkeson
Mark Wright

External and Public Debt Crises

w21453 Gita Gopinath
Sebnem Kalemli-Ozcan
Loukas Karabarbounis
Carolina Villegas-Sanchez

Capital Allocation and Productivity in South Europe

w21448 Iván Werning
Incomplete Markets and Aggregate Demand

w21445 Tarek Alexander Hassan
Thomas Mertens
Tony Zhang

Not so Disconnected: Exchange Rates and the Capital Stock

w21436 Carlos A. Vegh
Guillermo Vuletin

Unsticking the Flypaper Effect in an Uncertain World

w21430 Jordi Galí
Hysteresis and the European Unemployment Problem Revisited

w21427 Olivier Blanchard
Gustavo Adler
Irineu de Carvalho Filho

Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?

w21426 Olivier Blanchard
Christopher J. Erceg
Jesper Lindé

Jump Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?

w21413 Michael B. Devereux
Ben Tomlin
Wei Dong

Exchange Rate Pass-Through, Currency of Invoicing and Market Share

w21388 Rahul Anand
Eswar Prasad
Boyang Zhang

What Measure of Inflation Should a Developing Country Central Bank Target?

w21380 Sebastian Edwards
Academics as Economic Advisers: Gold, the ‘Brains Trust,’ and FDR

w21363 Xavier Gabaix
Jean-Michel Lasry
Pierre-Louis Lions
Benjamin Moll

The Dynamics of Inequality

w21350 Carmen M. Reinhart
The Antecedents and Aftermath of Financial Crises as told by Carlos F. Díaz Alejandro

w21333 Carmen M. Reinhart
Miguel Angel Santos

From Financial Repression to External Distress: The Case of Venezuela

w21294 Jess Benhabib
Xuewen Liu
Pengfei Wang

Sentiments, Financial Markets, and Macroeconomic Fluctuations

w21280 Jaume Ventura
Hans-Joachim Voth

Debt into Growth: How Sovereign Debt Accelerated the First Industrial Revolution

w21261 Fernando Ferreira
Joseph Gyourko

A New Look at the U.S. Foreclosure Crisis: Panel Data Evidence of Prime and Subprime Borrowers from 1997 to 2012

w21253 Stephanie Schmitt-Grohé
Martín Uribe

How Important Are Terms Of Trade Shocks?

w21245 Ross Levine
Chen Lin
Beibei Shen

Cross-border Acquisitions and Labor Regulations

w21244 Chun Chang
Kaiji Chen
Daniel F. Waggoner
Tao Zha

Trends and Cycles in China's Macroeconomy

w21228 Nicola Fuchs-Schuendeln
Tarek Alexander Hassan

Natural Experiments in Macroeconomics

w21172 Evgenia Passari
Hélène Rey

Financial Flows and the International Monetary System

w21168 John Beshears
James J. Choi
Joshua Hurwitz
David Laibson
Brigitte C. Madrian

Liquidity in Retirement Savings Systems: An International Comparison

w21162 Hélène Rey
Dilemma not Trilemma: The global Financial Cycle and Monetary Policy Independence

w21159 Menzie D. Chinn
Yi Zhang

Uncovered Interest Parity and Monetary Policy Near and Far from the Zero Lower Bound

w21158 Philippe Bacchetta
Elena Perazzi
Eric van Wincoop

Self-Fulfilling Debt Crises: Can Monetary Policy Really Help?

w21128 Joshua Aizenman
Menzie D. Chinn
Hiro Ito

Monetary Policy Spillovers and the Trilemma in the New Normal: Periphery Country Sensitivity to Core Country Conditions

w21122 Takatoshi Ito
Masahiro Yamada

High-frequency, Algorithmic Spillovers Between NASDAQ and Forex

w21121 Luigi Guiso
Paola Sapienza
Luigi Zingales

Monnet's Error?

w21112 Hanming Fang
Quanlin Gu
Wei Xiong
Li-An Zhou

Demystifying the Chinese Housing Boom

w21089 Joshua Aizenman
Yothin Jinjarak
Huanhuan Zheng

Chinese Outwards Mercantilism – the Art and Practice of Bundling

w21075 Chunxin Jia
Yaping Wang
Wei Xiong

Social Trust and Differential Reactions of Local and Foreign Investors to Public News

w21070 Rudolfs Bems
Robert C. Johnson

Demand for Value Added and Value-Added Exchange Rates

w21054 Karen K. Lewis
Do Foreign Firm Betas Change During Cross-listing?

w21042 Charles Engel
Exchange Rates, Interest Rates, and the Risk Premium

w21040 Takatoshi Ito
Satoshi Koibuchi
Kiyotaka Sato
Junko Shimizu

Exchange Rate Exposure and Risk Management: The case of Japanese Exporting Firms

w21026 Juan Carlos Conesa
Timothy J. Kehoe

Gambling for Redemption and Self-Fulfilling Debt Crises

w21021 Christina D. Romer
David H. Romer

New Evidence on the Impact of Financial Crises in Advanced Countries

w21019 Joshua Aizenman
Eduardo Cavallo
Ilan Noy

Precautionary Strategies and Household Saving

w21010 Andrei A. Levchenko
Nitya Pandalai-Nayar

TFP, News, and "Sentiments:'" The International Transmission of Business Cycles

w20987 Kristin J. Forbes
Michael W. Klein

Pick Your Poison: The Choices and Consequences of Policy Responses to Crises

w20970 Andrés Fernández
Michael W. Klein
Alessandro Rebucci
Martin Schindler
Martín Uribe

Capital Control Measures: A New Dataset

w20964 Sebastian Edwards
Sovereign Default, Debt Restructuring, and Recovery Rates: Was the Argentinean “Haircut” Excessive?

w20963 Stefano Giglio
Bryan T. Kelly
Seth Pruitt

Systemic Risk and the Macroeconomy: An Empirical Evaluation

w20957 Jennifer N. Carpenter
Fangzhou Lu
Robert F. Whitelaw

The Real Value of China's Stock Market

w20952 Charles Engel
International Coordination of Central Bank Policy

w20951 Charles Engel
Macroprudential Policy in a World of High Capital Mobility: Policy Implications from an Academic Perspective

w20943 Joshua Aizenman
The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China

w20924 Daqing Yao
John Whalley

The China (Shanghai) Pilot Free Trade Zone: Background, Developments and Preliminary Assessment of Initial Impacts

w20917 Joshua Aizenman
Yothin Jinjarak
Donghyun Park

Financial Development and Output Growth in Developing Asia and Latin America: A Comparative Sectoral Analysis

w20901 Daqing Yao
John Whalley

An Evaluation of the Impact of the China (Shanghai) Pilot Free Trade Zone (SPFTZ)

w20898 Pranjul Bhandari
Jeffrey A. Frankel

Nominal GDP Targeting for Developing Countries

w20896 Yan Bai
Seon Tae Kim
Gabriel P. Mihalache

The Maturity and Payment Schedule of Sovereign Debt

w20893 Sebastian Edwards
Monetary Policy Independence under Flexible Exchange Rates: An Illusion?

w20872 Alessandra Fogli
Fabrizio Perri

Macroeconomic Volatility and External Imbalances

w20863 Ross Levine
Chen Lin
Wensi Xie

Spare Tire? Stock Markets, Banking Crises, and Economic Recoveries

w20860 Kristin Forbes
Marcel Fratzscher
Roland Straub

Capital Flow Management Measures: What Are They Good For?

w20857 Rabah Arezki
Valerie A. Ramey
Liugang Sheng

News Shocks in Open Economies: Evidence from Giant Oil Discoveries

w20827 Alberto Alesina
Omar Barbiero
Carlo Favero
Francesco Giavazzi
Matteo Paradisi

Austerity in 2009-2013

w20822 Gurnain Pasricha
Matteo Falagiarda
Martin Bijsterbosch
Joshua Aizenman

Domestic and Multilateral Effects of Capital Controls in Emerging Markets

w20821 Era Dabla-Norris
Yan Ji
Robert M. Townsend
D. Filiz Unsal

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality

w20820 Agustín S. Bénétrix
Philip R. Lane
Jay C. Shambaugh

International Currency Exposures, Valuation Effects, and the Global Financial Crisis


Generated Wed Aug 31 00:00:25 2016

 
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