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

2009
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


2008
w14629 Bernard Dumas
Andrew Lyasoff

Incomplete-Market Equilibria Solved Recursively on an Event Tree

w14612 Markus K. Brunnermeier
Deciphering the Liquidity and Credit Crunch 2007-08

w14606 Eli Berman
Jacob N. Shapiro
Joseph H. Felter

Can Hearts and Minds Be Bought? The Economics of Counterinsurgency in Iraq

w14604 Peter Blair Henry
Conrad Miller

Institutions vs. Policies: A Tale of Two Islands

w14597 Richard M. Levich
Valerio Poti

Predictability and 'Good Deals' in Currency Markets

w14596 Andreas Beyer
Vitor Gaspar
Christina Gerberding
Otmar Issing

Opting Out of the Great Inflation: German Monetary Policy After the Break Down of Bretton Woods

w14587 Carmen M. Reinhart
Kenneth S. Rogoff

Banking Crises: An Equal Opportunity Menace

w14585 Timothy J. Besley
Torsten Persson

The Incidence of Civil War: Theory and Evidence

w14582 Man-Keung Tang
Shang-Jin Wei

The Value of Making Commitments Externally: Evidence from WTO Accessions

w14562 Joshua Aizenman
Reuven Glick

Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance

w14561 Joshua Aizenman
Michael Hutchison
Ilan Noy

Inflation Targeting and Real Exchange Rates in Emerging Markets

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

Does Openness to International Financial Flows Raise Productivity Growth?

w14551 Andrew Mountford
Harald Uhlig

What are the Effects of Fiscal Policy Shocks?

w14546 Marcos Chamon
Eswar Prasad

Why are Saving Rates of Urban Households in China Rising?

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

w14528 Stephen Gilmore
Fumio Hayashi

Emerging Market Currency Excess Returns

w14521 Ricardo J. Caballero
Emmanuel Farhi
Pierre-Olivier Gourinchas

Financial Crash, Commodity Prices and Global Imbalances

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

w14518 Kimie Harada
Takatoshi Ito

Did Mergers Help Japanese Mega-Banks Avoid Failure? Analysis of the Distance to Default of Banks

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

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

w14507 John F. Helliwell
Life Satisfaction and Quality of Development

w14476 Alberto Giovannini
Why the European Securities Market is Not Fully Integrated

w14473 Markus K. Brunnermeier
Stefan Nagel
Lasse H. Pedersen

Carry Trades and Currency Crashes

w14463 Jens H.E. Christensen
Francis X. Diebold
Glenn D. Rudebusch

An Arbitrage-Free Generalized Nelson-Siegel Term Structure Model

w14459 Alon Cohen
Assaf Razin

The Skill Composition of Immigrants and the Generosity of the Welfare State: Free vs. Policy-Controlled Migration

w14453 Joshua Aizenman
Yothin Jinjarak

The US as the "Demander of Last Resort" and its Implications on China's Current Account

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

w14438 Barry Eichengreen
Katharina Steiner

Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?

w14426 David von Below
Torsten Persson

Uncertainty, Climate Change and the Global Economy

w14420 Menzie D. Chinn
Shang-Jin Wei

A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?

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

w14381 Mario J. Crucini
Mototsugu Shintani
Takayuki Tsuruga

Accounting for Persistence and Volatility of Good-Level Real Exchange Rates: The Role of Sticky Information

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?

w14359 Lawrence H. Summers
Richard J. Zeckhauser

Policymaking for Posterity

w14355 Momtchil Pojarliev
Richard M. Levich

Trades of the Living Dead: Style Differences, Style Persistence and Performance of Currency Fund Managers

w14336 Andrew K. Rose
Mark M. Spiegel

International Financial Remoteness and Macroeconomic Volatility

w14321 Carmen M. Reinhart
Vincent R. Reinhart

Capital Flow Bonanzas: An Encompassing View of the Past and Present

w14295 Stephanie E. Curcuru
Charles P. Thomas
Francis E. Warnock

Current Account Sustainability and Relative Reliability

w14269 Francis X. Diebold
Kamil Yilmaz

Macroeconomic Volatility and Stock Market Volatility, Worldwide

w14264 Antoni Estevadeordal
Alan M. Taylor

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

w14249 Graciela L. Kaminsky
Crises and Sudden Stops: Evidence from International Bond and Syndicated-Loan Markets

w14245 Craig Doidge
G. Andrew Karolyi
René M. Stulz

Why Do Foreign Firms Leave U.S. Equity Markets?

w14244 Matthew Canzoneri
Robert E. Cumby
Behzad Diba
David Lopez-Salido

Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework

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

w14205 Hui Tong
Shang-Jin Wei

Real Effects of the Subprime Mortgage Crisis: Is it a Demand or a Finance Shock?

w14204 Willem H. Buiter
Housing Wealth Isn't Wealth

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?

w14175 Menzie D. Chinn
Michael J. Moore

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

w14172 Harald Hau
Helene Rey

Home Bias at the Fund Level

w14168 Yin-Wong Cheung
Menzie D. Chinn
Eiji Fujii

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

w14165 Harald Hau
Hélène Rey

Global Portfolio Rebalancing Under the Microscope

w14160 Yuko Hashimoto
Takatoshi Ito
Takaaki Ohnishi
Misako Takayasu
Hideki Takayasu
Tsutomu Watanabe

Random Walk or A Run: Market Microstructure Analysis of the Foreign Exchange Rate Movements based on Conditional Probability

w14154 Barry Eichengreen
Marc Flandreau

The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency?

w14126 Paul R. Bergin
Ching-Yi Lin

Exchange Rate Regimes and the Extensive Margin of Trade

w14121 Robert E. Lipsey
Measuring the Location of Production in a World of Intangible Productive Assets, FDI, and Intrafirm Trade

w14071 Kenneth S. Rogoff
Vania Stavrakeva

The Continuing Puzzle of Short Horizon Exchange Rate Forecasting

w14113 Luc Laeven
Ross Levine

Bank Governance, Regulation, and Risk Taking

w14101 Nicola Cetorelli
Linda S. Goldberg

Banking Globalization, Monetary Transmission, and the Lending Channel

w14100 Barry Eichengreen
Exchange Rate Regimes and Capital Mobility: How Much of the Swoboda Thesis Survives?

w14092 Malin Adolfson
Stefan Laseen
Jesper Linde
Lars E.O. Svensson

Optimal Monetary Policy in an Operational Medium-Sized DSGE Model

w14088 Pierre-Richard Agenor
Joshua Aizenman

Capital Market Imperfections and the Theory of Optimum Currency Areas

w14082 Hanno Lustig
Nikolai Roussanov
Adrien Verdelhan

Common Risk Factors in Currency Markets

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

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

w14054 A. Craig Burnside
Martin S. Eichenbaum
Isaac Kleshchelski
Sergio Rebelo

Do Peso Problems Explain the Returns to the Carry Trade?

w14051 Eswar S. Prasad
Raghuram Rajan

A Pragmatic Approach to Capital Account Liberalization

w14049 Enrique G. Mendoza
Marco E. Terrones

An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data

w14034 Sebastian Edwards
Globalization, Growth and Crises: The View from Latin America

w14026 Guillermo A. Calvo
Alejandro Izquierdo
Luis-Fernando Mejía

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

w14017 Christian Broda
David E. Weinstein

Understanding International Price Differences Using Barcode Data

w14016 Jeffrey A. Frankel
Shang-Jin Wei

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

w13988 Andrew K. Rose
Mark M. Spiegel

Non-Economic Engagement and International Exchange: The Case of Environmental Treaties

w13986 Pierpaolo Benigno
Luca Antonio Ricci

The Inflation-Unemployment Trade-Off at Low Inflation

w13984 Jiandong Ju
Shang-Jin Wei

When Is Quality of Financial System a Source of Comparative Advantage?

w13983 Ellen R. McGrattan
Edward C. Prescott

Technology Capital and the U.S. Current Account

w13978 Michael P. Dooley
David Folkerts-Landau
Peter M. Garber

Will Subprime be a Twin Crisis for the United States?

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

w13965 Emi Nakamura
Pass-Through in Retail and Wholesale

w13952 Martin S. Feldstein
Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate

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

w13946 Carmen M. Reinhart
Kenneth S. Rogoff

The Forgotten History of Domestic Debt

w13943 John B. Taylor
John C. Williams

A Black Swan in the Money Market

w13925 Viktoria Hnatkovska
Amartya Lahiri
Carlos A. Vegh

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

w13921 Joshua Aizenman
Yothin Jinjarak

Current Account Patterns and National Real Estate Markets

w13918 Niall Ferguson
Moritz Schularick

The "Thin Film Of Gold": Monetary Rules and Policy Credibility In Developing Countries

w13913 Wolfgang Keller
Carol H. Shiue

Institutions, Technology, and Trade

w13911 Francesco Giavazzi
Michael McMahon

Policy Uncertainty and Precautionary Savings

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

w13909 Menzie D. Chinn
Jeffrey A. Frankel

The Euro May Over the Next 15 Years Surpass the Dollar as Leading International Currency

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

w13906 Andrea Ferrero
Mark Gertler
Lars E.O. Svensson

Current Account Dynamics and Monetary Policy

w13904 Stijn Van Nieuwerburgh
Laura Veldkamp

Information Acquisition and Under-Diversification

w13902 Joshua Aizenman
Reuven Glick

Sterilization, Monetary Policy, and Global Financial Integration

w13901 Yu-Chin Chen
Kenneth Rogoff
Barbara Rossi

Can Exchange Rates Forecast Commodity Prices?

w13896 Hanno Lustig
Stijn Van Nieuwerburgh
Adrien Verdelhan

The Wealth-Consumption Ratio

w13882 Carmen M. Reinhart
Kenneth S. Rogoff

This Time is Different: A Panoramic View of Eight Centuries of Financial Crises

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

w13861 Enrique G. Mendoza
Vivian Z. Yue

A Solution to the Default Risk-Business Cycle Disconnect

w13846 Robert Dekle
Jonathan Eaton
Samuel Kortum

Global Rebalancing with Gravity: Measuring the Burden of Adjustment

w13842 Carmen M. Reinhart
Vincent R. Reinhart

Capital Inflows and Reserve Accumulation: The Recent Evidence

w13831 Barry Eichengreen
Douglas A. Irwin

International Economic Policy: Was There a Bush Doctrine?

w13820 Linda S. Goldberg
Cédric Tille

Macroeconomic Interdependence and the International Role of the Dollar

w13815 Michael D. Bordo
Harold James

A Long Term Perspective on the Euro

w13814 Charles Engel
Jian Wang

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

w13812 Hanno Lustig
Adrien Verdelhan

Note on The Cross-Section of Foreign Currency Risk Premia and Consumption Growth Risk

w13811 Francis X. Diebold
Kamil Yilmaz

Measuring Financial Asset Return and Volatility Spillovers, With Application to Global Equity Markets

w13805 Emmanuel Farhi
Xavier Gabaix

Rare Disasters and Exchange Rates

w13795 Giancarlo Corsetti
Philippe Martin
Paolo Pesenti

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

w13794 Cristina Arellano
Narayana R. Kocherlakota

Internal Debt Crises and Sovereign Defaults

w13792 Selim Elekdag
Rene Lalonde
Douglas Laxton
Dirk Muir
Paolo Pesenti

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

w13790 George Alessandria
Joseph Kaboski
Virgiliu Midrigan

Inventories, Lumpy Trade, and Large Devaluations

w13782 Santiago Carbo-Valverde
Edward J. Kane
Francisco Rodriguez-Fernandez

Evidence of Differences in the Effectiveness of Safety-Net Management in European Union Countries

w13779 Ricardo J. Caballero
Pierre Yared

Inflating the Beast: Political Incentives Under Uncertainty

w13768 Stephanie E. Curcuru
Tomas Dvorak
Francis E. Warnock

Cross-Border Returns Differentials

w13723 Itay Goldstein
Assaf Razin
Hui Tong

Liquidity, Institutional Quality and the Composition of International Equity Outflows

w13761 Carmen M. Reinhart
Kenneth S. Rogoff

Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison

w13740 Barry Eichengreen
Sui Generis EMU

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

w13721 Woochan Kim
Taeyoon Sung
Shang-Jin Wei

How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?


Generated Fri Nov 20 04:33:14 2009

 
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