NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Papers in International Finance and Macroeconomics


2014
w20046 Kamran Bilir
Davin Chor
Kalina Manova

Host-Country Financial Development and Multinational Activity

w20042 Graciela L. Kaminsky
Pablo Vega-Garcia

Varieties of Sovereign Crises: Latin America 1820-1931

w20033 Galina Hale
Maurice Obstfeld

The Euro and The Geography of International Debt Flows

w20003 Ron Alquist
Olivier Coibion

Commodity-Price Comovement and Global Economic Activity

w20002 Julian di Giovanni
Andrei Levchenko
Francesc Ortega

A Global View of Cross-Border Migration

w19994 Oleg Itskhoki
Benjamin Moll

Optimal Development Policies with Financial Frictions

w19985 Anne-Laure Delatte
Julien Fouquau
Richard Portes

Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contracts

w19980 Joshua Aizenman
Mahir Binici
Michael M. Hutchison

The Transmission of Federal Reserve Tapering News to Emerging Financial Markets

w19974 Yongheng Deng
Xin Liu
Shang-Jin Wei

One Fundamental and Two Taxes: When Does a Tobin Tax Reduce Financial Price Volatility?

w19970 Anton Korinek
Alp Simsek

Liquidity Trap and Excessive Leverage

w19968 Doireann Fitzgerald
Stefanie Haller

Exporters and Shocks: Dissecting the International Elasticity Puzzle

w19967 Olivier Jeanne
Macroprudential Policies in a Global Perspective

w19963 Stephanie E. Curcuru
Charles P. Thomas
Francis E. Warnock
Jon Wongswan

Uncovered Equity Parity and Rebalancing in International Portfolios

w19958 Roger Farmer
Asset Prices in a Lifecycle Economy

w19951 Nicholas Bloom
Paul M. Romer
Stephen J. Terry
John Van Reenen

Trapped Factors and China's Impact on Global Growth

w19941 Dennis Novy
Alan M. Taylor

Trade and Uncertainty

w19934 Anusha Chari
Peter Blair Henry

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

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

w19917 Jack Favilukis
Sydney C. Ludvigson
Stijn Van Nieuwerburgh

Foreign Ownership of U.S. Safe Assets: Good or Bad?

w19914 Sebnem Kalemli-Ozcan
Emiliano E. Luttini
Bent Sorensen

Debt Crises and Risk Sharing: The Role of Markets versus Sovereigns

w19909 Juan Carlos Conesa
Timothy J. Kehoe

Is It Too Late to Bail Out the Troubled Countries in the Eurozone?

w19893 Emi Nakamura
Jón Steinsson
Miao Liu

Are Chinese Growth and Inflation Too Smooth? Evidence from Engel Curves

w19864 Fatih Guvenen
Greg Kaplan
Jae Song

How Risky Are Recessions for Top Earners?

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

w19791 Matthieu Bussière
Gong Cheng
Menzie D. Chinn
Noëmie Lisack

For a Few Dollars More: Reserves and Growth in Times of Crises

w19786 Geert Bekaert
Campbell R. Harvey
Christian T. Lundblad
Stephan Siegel

Political Risk Spreads


2013
w19773 Viral V. Acharya
Bruce Tuckman

Unintended Consequences of LOLR Facilities: The Case of Illiquid Leverage

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

w19718 Jorge Braga de Macedo
Urho Lempinen

Exchange rate dynamics revisited

w19717 Mark Aguiar
Manuel Amador

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

w19714 Nicholas Bloom
Fluctuations in Uncertainty

w19706 Conghui Hu
Wei Xiong

Are Commodity Futures Prices Barometers of the Global Economy?

w19704 Javier Bianchi
Enrique G. Mendoza

Optimal Time-Consistent Macroprudential Policy

w19683 Guillermo Calvo
Fabrizio Coricelli
Pablo Ottonello

Jobless Recoveries During Financial Crises: Is Inflation the Way Out?

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

w19655 Carmen M. Reinhart
Asia Chartbook: Crises, Credit and Debt, 1835-2013

w19652 Carmen M. Reinhart
Takeshi Tashiro

Crowding Out Redefined: The Role of Reserve Accumulation

w19651 David Berger
Joseph S. Vavra

Volatility and Pass-through

w19642 Ing-Haw Cheng
Wei Xiong

The Financialization of Commodity Markets

w19641 Andrei A. Levchenko
Jing Zhang

Ricardian Productivity Differences and the Gains from Trade

w19635 Alejandro Justiniano
Giorgio Primiceri
Andrea Tambalotti

The Effects of the Saving and Banking Glut on the U.S. Economy

w19632 Andrew K. Rose
Surprising Similarities: Recent Monetary Regimes of Small Economies

w19623 Hanno Lustig
Andreas Stathopoulos
Adrien Verdelhan

The Term Structure of Currency Carry Trade Risk Premia

w19596 Charles Y. Horioka
Takaaki Nomoto
Akiko Terada-Hagiwara

Why Has Japan's Massive Government Debt Not Wreaked Havoc (Yet)?

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

w19575 Jorge Braga de Macedo
Luis Brites Pereira
Joaquim Oliveira Martins
João Tovar Jalles

Globalization, Democracy and Development

w19572 Anton Korinek
Jonathan Kreamer

The Redistributive Effects of Financial Deregulation

w19561 Ángel Estrada
Jordi Galí
David López-Salido

Patterns of Convergence and Divergence in the Euro Area

w19548 Cristina Arellano
Yan Bai

Linkages across Sovereign Debt Markets

w19541 Larry G. Epstein
Emmanuel Farhi
Tomasz Strzalecki

How Much Would You Pay to Resolve Long-Run Risk?

w19537 Matthias Doepke
Martin Schneider

Money as a Unit of Account

w19523 Linda S. Goldberg
Christian Grisse

Time Variation in Asset Price Responses to Macro Announcements

w19516 Mark Aguiar
Manuel Amador
Emmanuel Farhi
Gita Gopinath

Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises

w19506 Òscar Jordà
Moritz HP. Schularick
Alan M. Taylor

Sovereigns versus Banks: Credit, Crises, and Consequences

w19497 Linda S. Goldberg
Banking Globalization, Transmission, and Monetary Policy Autonomy

w19477 Pablo D'Erasmo
Enrique G. Mendoza

Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default

w19474 Alberto Cavallo
Eduardo Cavallo
Roberto Rigobon

Prices and Supply Disruptions during Natural Disasters

w19465 David Backus
Thomas Cooley
Espen Henriksen

Demography and Low Frequency Capital Flows

w19463 Jeffrey A. Frankel
Effects of Speculation and Interest Rates in a “Carry Trade” Model of Commodity Prices

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

w19442 Lars E.O. Svensson
The Possible Unemployment Cost of Average Inflation below a Credible Target

w19414 Òscar Jordà
Alan M. Taylor

The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy

w19405 Barry Eichengreen
Does the Federal Reserve Care About the Rest of the World?

w19390 Robert J. Gordon
The Phillips Curve is Alive and Well: Inflation and the NAIRU During the Slow Recovery

w19388 Mark Aguiar
Manuel Amador

Sovereign Debt: A Review

w19381 Nicolae Gârleanu
Stavros Panageas
Jianfeng Yu

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion

w19371 Robert Ready
Nikolai Roussanov
Colin Ward

Commodity Trade and the Carry Trade: a Tale of Two Countries

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

w19346 Assaf Razin
Migration into the Welfare State: Tax and Migration Competition

w19343 Harald Uhlig
Sovereign Default Risk and Banks in a Monetary Union

w19339 Timothy J. Kehoe
Kim J. Ruhl
Joseph B. Steinberg

Global Imbalances and Structural Change in the United States

w19336 Charles Engel
Exchange Rates and Interest Parity

w19325 Ralph S.J. Koijen
Tobias J. Moskowitz
Lasse Heje Pedersen
Evert B. Vrugt

Carry

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

w19282 Assaf Razin
Efraim Sadka

Migration and Fiscal Competition within a Union

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

w19229 René M. Stulz
Dimitrios Vagias
Mathijs A. van Dijk

Do Firms Issue more equity when markets are more liquid?

w19228 Guido Lorenzoni
Ivan Werning

Slow Moving Debt Crises

w19205 Yothin Jinjarak
Ilan Noy
Huanhuan Zheng

Capital Controls in Brazil – Stemming a Tide with a Signal?

w19192 V.V. Chari
Patrick J. Kehoe

Bailouts, Time Inconsistency, and Optimal Regulation

w19190 Joshua Aizenman
Yothin Jinjarak

Real Estate Valuation, Current Account and Credit Growth Patterns, Before and After the 2008-9 Crisis

w19136 Loukas Karabarbounis
Brent Neiman

The Global Decline of the Labor Share

w19125 Joshua Aizenman
Mahir Binici
Michael M. Hutchison

Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis

w19122 Enrico Spolaore
What is European Integration Really About? A Political Guide for Economists

w19103 Robin L. Lumsdaine
Rogier J.D. Potter van Loon

Wall Street vs. Main Street: An Evaluation of Probabilities

w19098 Laura Alfaro
Fabio Kanczuk

Carry Trade, Reserve Accumulation, and Exchange-Rate Regimes

w19091 Michael B. Devereux
James Yetman

Capital Controls, Global Liquidity Traps and the International Policy Trilemma

w19084 Valentina Bruno
Hyun Song Shin

Assessing Macroprudential Policies: Case of Korea

w19072 Enrique G. Mendoza
Katherine A. Smith

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

w19067 Joshua Aizenman
Ilan Noy

Public and Private Saving and the Long Shadow of Macroeconomic Shocks

w19062 Philippe Bacchetta
Eric van Wincoop

The Great Recession: A Self-Fulfilling Global Panic

w19052 Diego A. Comin
Martí Mestieri

Technology Diffusion: Measurement, Causes and Consequences

w19039 Viral V. Acharya
Sascha Steffen

The “Greatest” Carry Trade Ever? Understanding Eurozone Bank Risks

w19038 Valentina Bruno
Hyun Song Shin

Capital Flows, Cross-Border Banking and Global Liquidity

w19025 Matteo Cacciatore
Giuseppe Fiori
Fabio Ghironi

Market Deregulation and Optimal Monetary Policy in a Monetary Union

w19024 Manmohan Agarwal
John Whalley

The 1991 Reforms, Indian Economic Growth, and Social Progress

w19006 Manmohan Agarwal
John Whalley

China and India: Reforms and the Response: How Differently have the Economies Behaved

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

w18946 Martin Čihák
Asli Demirgüč-Kunt
Erik Feyen
Ross Levine

Financial Development in 205 Economies, 1960 to 2010

w18942 Valentina Bruno
Hyun Song Shin

Capital Flows and the Risk-Taking Channel of Monetary Policy

w18922 Stéphane Guibaud
Yves Nosbusch
Dimitri Vayanos

Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt

w18920 Christian Fons-Rosen
Sebnem Kalemli-Ozcan
Bent E. Sørensen
Carolina Villegas-Sanchez
Vadym Volosovych

Quantifying Productivity Gains from Foreign Investment

w18911 Qingyuan Du
Shang-Jin Wei

A Theory of the Competitive Saving Motive

w18906 Michael Sockin
Wei Xiong

Informational Frictions and Commodity Markets

w18888 Carmen M. Reinhart
Kenneth S. Rogoff

Shifting Mandates: The Federal Reserve’s First Centennial

w18879 Joshua Aizenman
Gurnain Kaur Pasricha

Why do emerging markets liberalize capital outflow controls? Fiscal versus net capital flow concerns

w18867 Man Lung Chan
Kalina Manova

Financial Development and the Choice of Trade Partners

w18866 Stephanie E. Curcuru
Charles P. Thomas
Francis E. Warnock

On Returns Differentials

w18855 Michael Tomz
Mark L. J. Wright

Empirical Research on Sovereign Debt and Default

w18844 Martin Lettau
Matteo Maggiori
Michael Weber

Conditional Risk Premia in Currency Markets and Other Asset Classes

w18837 Ron Alquist
Rahul Mukherjee
Linda Tesar

Fire-sale FDI or Business as Usual?

w18829 Ariel Burstein
Gita Gopinath

International Prices and Exchange Rates

w18811 Mario J. Crucini
Hakan Yilmazkuday

Understanding Long-run Price Dispersion

w18807 James E. Anderson
Mykyta Vesselovsky
Yoto V. Yotov

Gravity, Scale and Exchange Rates

w18775 Pol Antràs
Stephen R.Yeaple

Multinational Firms and the Structure of International Trade

w18771 Alan M. Taylor
The Future of International Liquidity and the Role of China

w18753 Mario J. Crucini
J. Scott Davis

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

w18751 Kathryn M.E. Dominguez
Matthew D. Shapiro

Forecasting the Recovery from the Great Recession: Is This Time Different?

w18741 Massimiliano Caporin
Loriana Pelizzon
Francesco Ravazzolo
Roberto Rigobon

Measuring Sovereign Contagion in Europe

w18737 Ricardo J. Caballero
Emmanuel Farhi

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

w18733 James R. Barth
Gerard Caprio
Jr.
Ross Levine

Bank Regulation and Supervision in 180 Countries from 1999 to 2011

w18730 Ricardo Reis
The Mystique Surrounding the Central Bank's Balance Sheet, Applied to the European Crisis

w18727 Daron Acemoglu
Asuman Ozdaglar
Alireza Tahbaz-Salehi

Systemic Risk and Stability in Financial Networks

w18726 Richard H. Clarida
Hot Tip: Nominal Exchange Rates and Inflation Indexed Bond Yields

w18716 John B. Taylor
International Monetary Coordination and the Great Deviation

w18706 Claude B. Erb
Campbell R. Harvey

The Golden Dilemma

w18705 Emi Nakamura
Jón Steinsson

Price Rigidity: Microeconomic Evidence and Macroeconomic Implications

w18697 Livia Chițu
Barry Eichengreen
Arnaud J. Mehl

History, Gravity and International Finance

w18675 Olivier Jeanne
Anton Korinek

Macroprudential Regulation Versus Mopping Up After the Crash

w18673 Barry Eichengreen
Donghyun Park
Kwanho Shin

Growth Slowdowns Redux: New Evidence on the Middle-Income Trap

w18672 Martin Feldstein
Coordination in the European Union

w18670 Itay Goldstein
Assaf Razin

Three Branches of Theories of Financial Crises


Generated Wed Apr 16 00:00:16 2014

 
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