International Finance and Macroeconomics Archive

NBER Papers in International Finance and Macroeconomics

2007
w13714	Momtchil Pojarliev Richard M. Levich	Do Professional Currency Managers Beat the Benchmark?
w13677	Ramon Marimon Javier D�az-Gim�nez Giorgia Giovannetti Pedro Teles	Nominal Debt as a Burden on Monetary Policy
w13658	Francis A. Longstaff Jun Pan Lasse H. Pedersen Kenneth J. Singleton	How Sovereign is Sovereign Credit Risk?
w13624	David Backus Espen Henriksen Kjetil Storesletten	Taxes and the Global Allocation of Capital
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 L�pez-Salido	The Transmission of Domestic Shocks in the Open Economy
w13612	Fabrice Collard Harris Dellas Behzad Diba Alan Stockman	Goods Trade and International Equity Portfolios
w13611	Jens H. E. Christensen Francis X. Diebold Glenn D. Rudebusch	The Affine Arbitrage-Free Class of: Nelson-Siegel Term Structure Models
w13607	Dale F. Gray Robert C. Merton Zvi Bodie	New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability
w13659	Katheryn Niles Russ	Exchange Rate Volatility and First-Time Entry by Multinational Firms
w13605	Michael D. Bordo Ali Dib Lawrence Schembri	Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s:(Hard) Lessons Learned for Monetary Policy in a Small Open Economy
w13602	Pierre-Olivier Gourinchas Olivier Jeanne	Capital Flows to Developing Countries: The Allocation Puzzle
w13598	Edith Sand Assaf Razin	The Political-Economy Positive Role of the Social Security System in Sustaining Immigration (But Not Vice Versa)
w13588	Francis X. Diebold Canlin Li Vivian Z. Yue	Global Yield Curve Dynamics and Interactions: A Dynamic Nelson-Siegel Approach
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
w13566	Frederic S. Mishkin	Will Monetary Policy Become More of a Science?
w13559	Fernando A. Broner Alberto Martin Jaume Ventura	Enforcement Problems and Secondary Markets
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
w13489	Michael D. Bordo Alberto F. Cavallo Christopher M. Meissner	Sudden Stops: Determinants and Output Effects in the First Era of Globalization, 1880-1913
w13483	Jonathan Heathcote Fabrizio Perri	The International Diversification Puzzle Is Not As Bad As You Think
w13468	Anna Pavlova Roberto Rigobon	An Asset-Pricing View of External Adjustment
w13467	Julian di Giovanni Jay C. Shambaugh	The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime
w13444	Nir Jaimovich Sergio Rebelo	News and Business Cycles in Open Economies
w13440	Mehmet Fatih Ekinci Sebnem Kalemli-Ozcan Bent Sorensen	Financial Integration within EU Countries: The Role of Institutions, Confidence and Trust
w13433	Philip Lane Jay C. Shambaugh	Financial Exchange Rates and International Currency Exposures
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 Jos�-Victor R�os-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
w13398	Andrew Atkeson V. V. Chari Patrick J. Kehoe	On the Optimal Choice of a Monetary Policy Instrument
w13397	Jon Faust Jonathan H. Wright	Comparing Greenbook and Reduced Form Forecasts using a Large Realtime Dataset
w13393	Barry Eichengreen	The Breakup of the Euro Area
w13388	Jiandong Ju Shang-Jin Wei	Current Account Adjustment: Some New Theory and Evidence
w13385	Nicholas Bloom	The Impact of Uncertainty Shocks
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
w13361	Ralph S.J Koijen Otto Van Hemert Stijn Van Nieuwerburgh	Mortgage Timing
w13357	A. Craig Burnside	Empirical Asset Pricing and Statistical Power in the Presence of Weak Risk Factors
w13353	Mark Aguiar Manuel Amador Gita Gopinath	Investment Cycles and Sovereign Debt Overhang
w13329	Michael Woodford	Globalization and Monetary Control
w13328	Morten O. Ravn Stephanie Schmitt-Groh� Mart�n 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
w13315	Simon Gilchrist Jae W. Sim	Investment during the Korean Financial Crisis: A Structural Econometric Analysis
w13313	Barry Bosworth Susan M. Collins Gabriel Chodorow-Reich	Returns on FDI: Does the U.S. Really Do Better?
w13281	Mihir A. Desai Dhammika Dharmapala	Taxes and Portfolio Choice: Evidence from JGTRRA's Treatment of International Dividends
w13280	Assaf Razin Alon Binyamini	Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy: Outcome of Globalization?
w13278	Craig Burnside Martin S. Eichenbaum Sergio Rebelo	Understanding the Forward Premium Puzzle: A Microstructure Approach
w13263	Andrew K. Rose Saktiandi Supaat	Fertility and the Real Exchange Rate
w13251	Rui Albuquerque Neng Wang	Agency Conflicts, Investment, and Asset Pricing
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 Antr�s Ricardo J. Caballero	Trade and Capital Flows: A Financial Frictions Perspective
w13239	Robert E. Lipsey Birgitta Swedenborg	Explaining Product Price Differences Across Countries
w13216	Laura Alfaro Fabio Kanczuk	Optimal Reserve Management and Sovereign Debt
w13209	Kiminori Matsuyama	Aggregate Implications of Credit Market Imperfections
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
w13196	Ravi Bansal	Long-Run Risks and Financial Markets
w13194	Ana Fostel Graciela Laura Kaminsky	Latin America's Access to International Capital Markets: Good Behavior or Global Liquidity?
w13185	Alexander Ludwig Dirk Krueger Axel H. Boersch-Supan	Demographic Change, Relative Factor Prices, International Capital Flows, and Their Differential Effects on the Welfare of Generations
w13183	Pinelopi K. Goldberg Rebecca Hellerstein	A Framework for Identifying the Sources of Local-Currency Price Stability with an Empirical Application
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
w13157	Francois Gourio Anil K Kashyap	Investment Spikes: New Facts and a General Equilibrium Exploration
w13154	Amartya Lahiri Rajesh Singh Carlos A. Vegh	Segmented Asset Markets and Optimal Exchange Rate Regimes
w13151	Martin D. D. Evans Richard K. Lyons	Exchange Rate Fundamentals and Order Flow
w13150	Torsten Persson Guido Tabellini	The Growth Effect of Democracy: Is It Heterogenous and How Can It Be Estimated?
w13148	Jiandong Ju Shang-Jin Wei	Domestic Institutions and the Bypass Effect of Financial Globalization
w13143	Roberto Perotti	In Search of the Transmission Mechanism of Fiscal Policy
w13132	Mihir A. Desai Dhammika Dharmapala	Taxes, Institutions and Foreign Diversification Opportunities
w13131	Laura Alfaro Fabio Kanczuk	Nominal versus Indexed Debt: A Quantitative Horse Race
w13129	Craig Burnside	The Cross-Section of Foreign Currency Risk Premia and Consumption Growth Risk: A Comment
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
w13120	Simon Johnson Jonathan D. Ostry Arvind Subramanian	The Prospects for Sustained Growth in Africa: Benchmarking the Constraints
w13119	Laura Alfaro Fabio Kanczuk	Debt Maturity: Is Long-Term Debt Optimal?
w13118	Laura Alfaro Andrew Charlton	International Financial Integration and Entrepreneurial Firm Activity
w13114	Martin Feldstein	Why is the Dollar So High?
w13103	David Dollar Shang-Jin Wei	Das (Wasted) Kapital: Firm Ownership and Investment Efficiency in China
w13100	Jeffrey A. Frankel Shang-Jin Wei	Assessing China's Exchange Rate Regime
w13094	Assaf Razin Efraim Sadka	Productivity and Taxes as Drivers of FDI
w13089	Galina Hale Assaf Razin Hui Tong	Credit Constraints and Stock Price Volatility
w13088	John Y. Campbell Karine Serfaty-de Medeiros Luis M. Viceira	Global Currency Hedging
w13084	Joshua Aizenman Mark Spiegel	Takeoffs
w13081	Veronica Cacdac Warnock Francis E. Warnock	Markets and Housing Finance
w13077	Ricardo J. Caballero Guido Lorenzoni	Persistent Appreciations and Overshooting: A Normative Analysis
w13076	Fernando A. Broner Guido Lorenzoni Sergio L. Schmukler	Why Do Emerging Economies Borrow Short Term?
w13074	Stephanie E. Curcuru Tomas Dvorak Francis E. Warnock	The Stability of Large External Imbalances: The Role of Returns Differentials
w13073	Ariel Burstein Alexander Monge-Naranjo	Foreign Know-How, Firm Control, and the Income of Developing Countries
w13057	Kevin H. O'Rourke Ahmed S. Rahman Alan M. Taylor	Trade, Knowledge, and the Industrial Revolution
w13055	Joan R. Ros�s Kevin H. O'Rourke Jeffrey G. Williamson	Globalization, Growth and Distribution in Spain 1500-1913
w13050	Jeffrey Frankel	On the Rand: Determinants of the South African Exchange Rate
w13035	Robert Dekle Jonathan Eaton Samuel Kortum	Unbalanced Trade
w13028	Timothy Besley Torsten Persson	The Origins of State Capacity: Property Rights, Taxation, and Politics
w13020	Shang-Jin Wei Zhiwei Zhang	Collateral Damage: Exchange Controls and International Trade
w13019	Sebastian Edwards	Crises and Growth: A Latin American Perspective
w13010	Richard Clarida Daniel Waldman	Is Bad News About Inflation Good News for the Exchange Rate?
w13004	Shin-ichi Fukuda Yoshifumi Kon	Liquidity Risk Aversion, Debt Maturity, and Current Account Surpluses: A Theory and Evidence from East Asia
w13003	N. Nergiz Dincer Barry Eichengreen	Central Bank Transparency: Where, Why, and with What Effects?
w12993	Michael D. Bordo	Growing Up to Financial Stability
w12990	Kristian R. Miltersen Eduardo S. Schwartz	Real Options With Uncertain Maturity and Competition
w12983	Gary Richardson Patrick Van Horn	Fetters of Debt, Deposit, or Gold during the Great Depression? The International Propagation of the Banking Crisis of 1931
w12961	Morten Ravn Stephanie Schmitt-Grohe Martin Uribe	Incomplete Cost Pass-Through Under Deep Habits
w12953	Kathryn M.E. Dominguez Freyan Panthaki	The Influence of Actual and Unrequited Interventions
w12947	Enrique G. Mendoza Jonathan D. Ostry	International Evidence on Fiscal Solvency: Is Fiscal Policy "Responsible"?
w12945	Ricardo J. Caballero Eduardo M.R.A. Engel	Price Stickiness in Ss Models: New Interpretations of Old Results
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
w12919	Willem H. Buiter	Seigniorage
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
w12904	Sebastian Edwards	On Current Account Surpluses and the Correction of Global Imbalances
w12901	Barry Bosworth Susan M. Collins Arvind Virmani	Sources of Growth in the Indian Economy
w12896	Ricardo J. Caballero Arvind Krishnamurthy	Collective Risk Management in a Flight to Quality Episode
w12861	Andrew Atkeson Ariel Burstein	Pricing-to-Market in a Ricardian Model of International Trade
w12856	Eric Van Wincoop Cedric Tille	International Capital Flows
w12855	Pol Antr�s Mihir A. Desai C. Fritz Foley	Multinational Firms, FDI Flows and Imperfect Capital Markets
w12852	Sebastian Edwards	Capital Controls, Capital Flow Contractions, and Macroeconomic Vulnerability
w12850	Yin-Wong Cheung Menzie D. Chinn Eiji Fujii	The Overvaluation of Renminbi Undervaluation
w12839	Willem H. Buiter	Is Numerairology the Future of Monetary Economics? Unbundling numeraire and medium of exchange through a virtual currency and a shadow exchange rate
w12822	Carlo Favero Francesco Giavazzi	Debt and the Effects of Fiscal Policy

2006
w12806	Romain Ranciere Aaron Tornell Frank Westermann	Decomposing the Effects of Financial Liberalization: Crises vs. Growth
w12802	Dhammika Dharmapala James R. Hines Jr.	Which Countries Become Tax Havens?
w12800	Edith Sand Assaf Razin	Immigration and the Survival of Social Security: A Political Economy Model
w12794	Dean Yang	Coping with Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2002
w12793	Sergio Rebelo Carlos A. Vegh	When Is It Optimal to Abandon a Fixed Exchange Rate?
w12788	Guillermo A. Calvo	Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort
w12783	Fernando Broner Alberto Martin Jaume Ventura	Sovereign Risk and Secondary Markets
w12755	Chong-En Bai Chang-Tai Hsieh Yingyi Qian	The Return to Capital in China
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?
w12726	Alexander D. Rothenberg Francis E. Warnock	Sudden Flight and True Sudden Stops
w12718	Joshua Aizenman Jaewoo Lee	Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding
w12711	Andrew K. Rose	A Stable International Monetary System Emerges: Inflation Targeting is Bretton Woods, Reversed
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
w12682	Takatoshi Ito Yuko Hashimoto	Price Impacts of Deals and Predictability of the Exchange Rate Movements
w12675	Luc Laeven Ross Levine	Complex Ownership Structures and Corporate Valuations
w12673	Richard E. Baldwin Virginia Di Nino	Euros and Zeros: The Common Currency Effect on Trade in New Goods
w12668	Jiandong Ju Shang-Jin Wei	A Solution to Two Paradoxes of International Capital Flows
w12667	Shang-Jin Wei Zhiwei Zhang	Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs
w12662	Michael D. Bordo Owen Humpage Anna J. Schwartz	The Historical Origins of U.S. Exchange Market Intervention Policy
w12654	Chryssi Giannitsarou Andrew Scott	Inflation Implications of Rising Government Debt
w12644	Charles Calomiris	Devaluation with Contract Redenomination in Argentina
w12637	Dale F. Gray Robert C. Merton Zvi Bodie	A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy
w12629	Javier Garcia-Cicco Roberto Pancrazi Martin Uribe	Real Business Cycles in Emerging Countries?
w12620	Sebastian Edwards	External Imbalances in an Advanced, Commodity-Exporting Country: The Case of New Zealand
w12616	Allan Drazen Stefan Hubrich	A Simple Test of the Effect of Interest Rate Defense
w12614	Christian Hellwig Guido Lorenzoni	Bubbles and Self-Enforcing Debt
w12612	Atif Mian Asim Ijaz Khwaja	Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market
w12589	Hali J. Edison Francis E. Warnock	Cross-border Listings, Capital Controls, and Equity Flows To Emerging Markets
w12587	Marco Cipriani Graciela L. Kaminsky	Volatility in International Financial Market Issuance: The Role of the Financial Center
w12586	Enrique G. Mendoza P. Marcelo Oviedo	Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer
w12580	Christopher M. Meissner Alan M. Taylor	Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective
w12575	Patrick J. Kehoe	How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
w12564	Enrique G. Mendoza	Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q
w12560	Francis E. Warnock Veronica Cacdac Warnock	International Capital Flows and U.S. Interest Rates
w12552	John D. Burger Francis E. Warnock	Local Currency Bond Markets
w12551	Jianhuai Shi	Are Currency Appreciations Contractionary in China?
w12548	John D. Burger Francis E. Warnock	Foreign Participation in Local Currency Bond Markets
w12547	Jose Manuel Campa Linda S. Goldberg	Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?
w12545	Richard Baldwin	Multilateralising Regionalism: Spaghetti Bowls as Building Blocs on the Path to Global Free Trade
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
w12505	Flavio Cunha James J. Heckman	A New Framework for the Analysis of Inequality
w12516	Richard Baldwin Daria Taglioni	Gravity for Dummies and Dummies for Gravity Equations
w12500	John Ammer Sara B. Holland David C. Smith Francis E. Warnock	Look at Me Now: What Attracts U.S. Shareholders?
w12496	Jeffrey Frankel Jumana Poonawala	The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies
w12495	Linda S. Goldberg C�dric Tille	The International Role of the Dollar and Trade Balance Adjustment
w12491	Michael Bordo Thomas Helbling Harold James	Swiss Exchange Rate Policy in the 1930s. Was the Delay in Devaluation Too High a Price to Pay for Conservatism?
w12489	Craig Burnside Martin Eichenbaum Isaac Kleshchelski Sergio Rebelo	The Returns to Currency Speculation
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
w12482	Jaume Ventura Fernando A. Broner	Globalization and Risk Sharing
w12481	Menzie D. Chinn Ron Alquist	Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment
w12473	Amir Amadi Paul Bergin	Understanding International Portfolio Diversification and Turnover Rates
w12451	Barry Eichengreen	Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America?
w12450	Barry Eichengreen	Democracy and Globalization
w12448	Roberto Chang	Electoral Uncertainty and the Volatility of International Capital Flows
w12434	Rajnish Mehra	The Equity Premium in India
w12433	Rajnish Mehra	Recursive Competitive Equilibrium
w12432	Shin-ichi Fukuda Masanori Ono	On the Determinants of Exporters' Currency Pricing: History vs. Expectations
w12426	Stanley Fischer	Reflections on One Year at the Bank of Israel
w12420	Roberto Rigobon Brian Sack	Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices
w12414	Timothy J. Hatton Jeffrey G. Williamson	What Determines Immigration's Impact? Comparing Two Global Centuries
w12413	Takatoshi Ito Yuko Hashimoto	Intra-Day Seasonality in Activities of the Foreign Exchange Markets: Evidence From the Electronic Broking System
w12408	Barry Eichengreen Pipat Luengnaruemitchai	Bond Markets as Conduits for Capital Flows: How Does Asia Compare?
w12407	Joshua Aizenman Jorge Fern�ndez-Ruiz	Signaling Credibility --- Choosing Optimal Debt and International Reserves
w12395	Takatoshi Ito Kiyotaka Sato	Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through
w12393	Michael D. Bordo	Sudden Stops, Financial Crises, and Original Sin in Emerging Countries: D�j� vu?
w12382	Menzie D. Chinn Robert W. Fairlie	ICT Use in the Developing World: An Analysis of Differences in Computer and Internet Penetration
w12376	Alessandro Beber Michael W. Brandt Kenneth A. Kavajecz	Flight-to-Quality or Flight-to-Liquidity? Evidence From the Euro-Area Bond Market
w12363	Joshua Aizenman Daniel Riera-Crichton	Real Exchange Rate and International Reserves in the Era of Growing Financial and Trade Integration
w12357	Takero Doi Toshihiro Ihori Kiyoshi Mitsui	Sustainability, Debt Management, and Public Debt Policy in Japan
w12346	Charles P. Thomas Francis E. Warnock Jon Wongswan	The Performance of International Equity Portfolios
w12340	Marco Arena Carmen Reinhart Francisco V�zquez	The Lending Channel in Emerging Economics: Are Foreign Banks Different?
w12333	Elias Papaioannou Richard Portes Gregorios Siourounis	Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar
w12325	Dean Yang	International Migration, Remittances, and Household Investment: Evidence from Philippine Migrants' Exchange Rate Shocks
w12299	Michael D. Bordo Christopher M. Meissner Marc D. Weidenmier	Currency Mismatches, Default Risk, and Exchange Rate Depreciation: Evidence from the End of Bimetallism
w12283	Bernardo S. de M. Carvalho M�rcio G.P. Garcia	Ineffective Controls on Capital Inflows Under Sophisticated Financial Markets: Brazil in the Nineties
w12260	Mart�n Uribe	Individual Versus Aggregate Collateral Constraints and the Overborrowing Syndrome
w12235	Barry Eichengreen Poonam Gupta Ashoka Mody	Sudden Stops and IMF-Supported Programs
w12229	Sebastian Edwards	Monetary Unions, External Shocks and Economic Performance: A Latin American Perspective
w12222	Christian Leuz Karl V. Lins Francis E. Warnock	Do Foreigners Invest Less in Poorly Governed Firms?
w12220	Fang Cai Francis E. Warnock	International Diversification at Home and Abroad
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
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?
w12187	Serkan Arslanalp Peter Blair Henry	Debt Relief
w12186	Anusha Chari Peter Blair Henry	Firm-Specific Information and the Efficiency of Investment
w12117	Philippe Aghion Philippe Bacchetta Romain Ranciere Kenneth Rogoff	Exchange Rate Volatility and Productivity Growth: The Role of Financial Development
w12175	Torsten Persson Guido Tabellini	Democratic Capital: The Nexus of Political and Economic Change
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)
w12153	Enrico Spolaore Romain Wacziarg	The Diffusion of Development
w12136	Ricardo J. Caballero Arvind Krishnamurthy	Flight to Quality and Collective Risk Management
w12163	Sebastian Edwards	The Relationship Between Exchange Rates and Inflation Targeting Revisited
w12158	Pierpaolo Benigno Michael Woodford	Optimal Inflation Targeting under Alternative Fiscal Regimes
w12154	Sebastian Edwards	The U.S. Current Account Deficit: Gradual Correction or Abrupt Adjustment?
w12127	Galina Hale Assaf Razin Hui Tong	Institutional Weakness and Stock Price Volatility
w12121	Linda S. Goldberg Jos� 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
w12095	Gita Gopinath Roberto Rigobon	Sticky Borders
w12044	Andrew K. Rose Mark Spiegel	Offshore Financial Centers: Parasites or Symbionts?
w12023	Kalpana Kochhar Utsav Kumar Raghuram Rajan Arvind Subramanian	India's Patterns of Development: What Happened, What Follows
w11996	Ricardo J. Caballero Emmanuel Farhi Pierre-Olivier Gourinchas	An Equilibrium Model of "Global Imbalances" and Low Interest Rates
w11991	Assaf Razin Efraim Sadka	Vying for Foreign Direct Investment: A EU-type Model of Tax Competition
w11973	Nicholas Magud Carmen M. Reinhart	Capital Controls: An Evaluation
w11966	Enrique G. Mendoza	Lessons From the Debt-Deflation Theory of Sudden Stops
w11952	Dani Rodrik	The Social Cost of Foreign Exchange Reserves
w11946	Stephen G. Cecchetti Alfonso Flores-Lagunes Stefan Krause	Assessing the Sources of Changes in the Volatility of Real Growth
w11921	Charles Engel John H. Rogers	The U.S. Current Account Deficit and the Expected Share of World Output
w11920	John Beshears James J. Choi David Laibson Brigitte Madrian	Early Decisions: A Regulatory Framework
w11913	Martin Uribe	On Overborrowing

2005
w11906	Geert Bekaert Robert J. Hodrick Xiaoyan Zhang	International Stock Return Comovements
w11901	Laura Alfaro Sebnem Kalemli-Ozcan Vadym Volosovych	Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation
w11897	Michael D. Bordo Christopher M. Meissner	The Role of Foreign Currency Debt in Financial Crises: 1880-1913 vs. 1972-1997
w11894	Ross Levine Sergio Schmukler	Internationalization and Stock Market Liquidity
w11891	Frederic Mishkin	Is Financial Globalization Beneficial?
w11856	Martin Feldstein	Monetary Policy in a Changing International Environment: The Role of Global Capital Flows
w11853	Menzie D. Chinn Jaewoo Lee	Three Current Account Balances: A "Semi-Structuralist" Interpretation
w11850	Axel Boersch-Supan Alexander Ludwig Joachim Winter	Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model
w11840	Jacob Boudoukh Matthew Richardson Robert Whitelaw	The Information in Long-Maturity Forward Rates: Implications for Exchange Rates and the Forward Premium Anomaly
w11834	Ricardo Caballero Arvind Krishnamurthy	Financial System Risk and Flight to Quality
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
w11792	Linda S. Goldberg Michael W. Klein	Establishing Credibility: Evolving Perceptions of the European Central Bank
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
w11785	Assaf Razin Yona Rubinstein	Evaluation of Currency Regimes: The Unique Role of Sudden Stops
w11779	Roberto Chang	Financial Crises and Political Crises
w11771	Michael P. Dooley David Folkerts-Landau Peter M. Garber	Interest Rates, Exchange Rates and International Adjustment
w11769	Kathryn Dominguez Freyan Panthaki	What Defines "News" in Foreign Exchange Markets?
w11762	Andrew K. Rose	Cities and Countries
w11761	Menzie D. Chinn Hiro Ito	Current Account Balances, Financial Development and Institutions: Assaying the World "Savings Glut"
w11757	Itay Goldstein Assaf Razin	An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment
w11748	Martin D. D. Evans Richard K. Lyons	Understanding Order Flow
w11733	Lars Svensson Noah Williams	Monetary Policy with Model Uncertainty: Distribution Forecast Targeting
w11728	Raghuram G. Rajan	Has Financial Development Made the World Riskier?
w11719	Menzie D. Chinn	Supply Capacity, Vertical Specialization and Tariff Rates: The Implications for Aggregate U.S. Trade Flow Equations
w11717	Mihir A. Desai C. Fritz Foley James R. Hines Jr.	Foreign Direct Investment and Domestic Economic Activity
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
w11701	Martin D. D. Evans Viktoria Hnatkovska	International Capital Flows, Returns and World Financial Integration
w11699	Ariel Burstein Martin Eichenbaum Sergio Rebelo	The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
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?
w11668	Hans Fehr Sabine Jokisch Laurence J. Kotlikoff	Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
w11657	Raghuram G. Rajan Arvind Subramanian	What Undermines Aid's Impact on Growth?
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?
w11641	Assaf Razin Prakash Loungani	Globalization and Inflation-Output Tradeoffs
w11640	Ilan Goldfajn Andr� Minella	Capital Flows and Controls in Brazil: What Have We Learned?
w11639	Assaf Razin Efraim Sadka Hui Tong	Bilateral FDI Flows: Threshold Barriers and Productivity Shocks
w11638	Ariel Burstein Martin Eichenbaum Sergio Rebelo	Modeling Exchange-Rate Passthrough After Large Devaluations
w11637	Paul R. Bergin Reuven Glick	Tradability, Productivity, and Understanding International Economic Integration
w11634	Barry Eichengreen Muge Adalet	Current Account Reversals: Always a Problem?
w11633	Philippe Bacchetta Eric van Wincoop	Rational Inattention: A Solution to the Forward Discount Puzzle
w11632	Jos� Manuel Campa Linda S. Goldberg Jos� M. Gonz�lez-M�nguez	Exchange-Rate Pass-Through to Import Prices in the Euro Area
w11625	Barry Eichengreen Mariko Hatase	Can a Rapidly-Growing Export-Oriented Economy Smoothly Exit an Exchange Rate Peg? Lessons for China from Japan's High-Growth Era
w11620	Peter Lorentzen John McMillan Romain Wacziarg	Death and Development
w11618	Ricardo J. Caballero Arvind Krishnamurthy	Bubbles and Capital Flow Volatility: Causes and Risk Management
w11607	Jean Imbs Haroon Mumtaz Morten O. Ravn H�l�ne Rey	"Aggregation Bias" DOES Explain the PPP Puzzle
w11589	Philip R. Lane Gian Maria Milesi-Ferretti	A Global Perspective on External Positions
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 Gy�rgy Szap�ry	Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic
w11563	Pierre-Olivier Gourinchas H�l�ne Rey	From World Banker to World Venture Capitalist: US External Adjustment and the Exorbitant Privilege
w11550	Philippe Martin H�l�ne Rey	Globalization and Emerging Markets: With or Without Crash?
w11543	Aart Kraay Jaume Ventura	The Dot-Com Bubble the Bush Deficits, and the U.S. Current Account
w11541	Sebastian Edwards	Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?
w11508	Jeffrey A. Frankel	Contractionary Currency Crashes in Developing Countries
w11521	Menzie D. Chinn	A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and Competitive Devaluation
w11520	Michael P. Dooley David Folkerts-Landau Peter M. Garber	Savings Gluts and Interest Rates: The Missing Link to Europe
w11517	Elena Tchernykh William H. Branson	Regime-Switching Behavior of the Term Structure of Forward Markets
w11513	Raghuram G. Rajan Arvind Subramanian	Aid and Growth: What Does the Cross-Country Evidence Really Show?
w11510	Menzie Chinn Jeffrey Frankel	Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?
w11502	Ross Levine	Law, Endowments, and Property Rights
w11500	Thorsten Beck Asli Demirguc-Kunt Ross Levine	Bank Concentration and Fragility: Impact and Mechanics
w11499	Luc Laeven Ross Levine	Is There a Diversification Discount in Financial Conglomerates?
w11498	Thorsten Beck Asli Demirguc-Kunt Ross Levine	Bank Supervision and Corruption in Lending
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
w11472	Kris James Mitchener Marc D. Weidenmier	Supersanctions and Sovereign Debt Repayment
w11440	Anna Pavlova Roberto Rigobon	Wealth Transfers, Contagion, and Portfolio Constraints
w11434	Sebastian Edwards Roberto Rigobon	Capital Controls, Exchange Rate Volatility and External Vulnerability
w11429	Sebastian Edwards	Establishing Credibility: The Role of Foreign Advisors
w11396	Gene M. Grossman Elhanan Helpman	Party Discipline and Pork Barrel Politics
w11392	Lars O. Svensson Robert J. Tetlow	Optimal Policy Projections
w11387	Ajay Shah Ila Patnaik	India's Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Defecit
w11382	Kevin Cowan Jose De Gregorio	International Borrowing, Capital Controls and the Exchange Rate: Lessons from Chile
w11381	Marcus Noland	South Korea's Experience with International Capital Flows
w11372	Kristin J. Forbes	The Microeconomic Evidence on Capital Controls: No Free Lunch
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
w11365	Linda S. Goldberg	The International Exposure of U.S. Banks
w11353	Kathryn M.E. Dominguez Linda L. Tesar	International Borrowing and Macroeconomic Performance in Argentina
w11352	Michael W. Klein	Studying Texts: A Gemara of the Israeli Economy
w11341	Giancarlo Corsetti Paolo Pesenti	The Simple Geometry of Transmission and Stabilization in Closed and Open Economies
w11336	Barry Eichengreen	Sterling's Past, Dollar's Future: Historical Perspectives on Reserve Currency Competition
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?
w11293	Ricardo Caballero Stavros Panageas	A Quantitative Model of Sudden Stops and External Liquidity Management
w11274	Jeffrey Frankel	On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate
w11273	Lee J. Alston Bernardo Mueller	Pork for Policy: Executive and Legislative Exchange in Brazil
w11272	Justin M. Dubas Byung-Joo Lee Nelson C. Mark	Effective Exchange Rate Classifications and Growth
w11266	William N. Goetzmann Andrey Ukhov	British Investment Overseas 1870-1913: A Modern Portfolio Theory Approach
w11249	Martin Feldstein	The Euro and the Stability Pact
w11244	Ya-Hwei Yang Jia-Dong Shea	Deflation and Monetary Policy in Taiwan
w11220	Richard K. Lyons Michael J. Moore	An Information Approach to International Currencies
w11214	Genevieve Boyreau-Debray Shang-Jin Wei	Pitfalls of a State-Dominated Financial System: The Case of China
w11209	Charles Engel	Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing
w11198	Barry Eichengreen Kenneth Kletzer Ashoka Mody	The IMF in a World of Private Capital Markets
w11196	Assaf Razin Yona Rubinstein Efraim Sadka	Corporate Taxation and Bilateral FDI with Threshold Barriers
w11191	Christian Hellwig Arijit Mukherji Aleh Tsyvinski	Self-Fulfilling Currency Crises: The Role of Interest Rates
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
w11173	Michael Bordo Christopher Meissner	Financial Crises, 1880-1913: The Role of Foreign Currency Debt
w11171	Torsten Persson	Forms of Democracy, Policy and Economic Development
w11170	Sebastian Edwards	Capital Controls, Sudden Stops and Current Account Reversals
w11166	Michael Ehrmann Marcel Fratzscher Roberto Rigobon	Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission
w11165	Giancarlo Corsetti Philippe Martin Paolo A. Pesenti	Productivity Spillovers, Terms of Trade and the "Home Market Effect"
w11155	Pierre-Olivier Gourinchas Helene Rey	International Financial Adjustment
w11153	Guillermo A. Calvo Ernesto Talvi	Sudden Stop, Financial Factors and Economic Collpase in Latin America: Learning from Argentina and Chile
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
w11112	Michael W. Klein	Capital Account Liberalization, Institutional Quality and Economic Growth: Theory and Evidence
w11104	Hanno Lustig Adrien Verdelhan	The Cross-Section of Currency Risk Premia and US Consumption Growth Risk
w11102	Seok-Kyun Hur	Money Growth and Interest Rates
w11092	Ozge Senay Alan Sutherland	Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes?
w11088	Mats Persson Torsten Persson Lars E.O. Svensson	Time Consistency of Fiscal and Monetary Policy: A Solution
t0305	Todd E. Clark Kenneth D. West	Using Out-of-Sample Mean Squared Prediction Errors to Test the Martingale Difference
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
w11075	Mihir C. Desai C. Fritz Foley James R. Hines Jr.	Foreign Direct Investment and the Domestic Capital Stock
w11071	Patrick Bolton Olivier Jeanne	Structuring and Restructuring Sovereign Debt: The Role of Seniority
w11061	Nelson C. Mark	Changing Monetary Policy Rules, Learning, and Real Exchange Rate Dynamics
w11055	Matthew B. Canzoneri Robert E. Cumby Behzad T. Diba	How Do Monetary and Fiscal Policy Interact in the European Monetary Union?
w11047	Itay Goldstein Assaf Razin	Foreign Direct Investment vs. Foreiegn Portfolio Investment
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?
w11033	Menzie D. Chinn Michael LeBlanc Olivier Coibion	The Predictive Content of Energy Futures: An Update on Petroleum, Natural Gas, Heating Oil and Gasoline
w11023	Ross Levine Sergio L. Schmukler	Internationalization and the Evolution of Corporate Valuation

2004
w10995	Charles Engel Kenneth D. West	Taylor Rules and the Deutschmark-Dollar Real Exchange Rate
w10986	Ariel Burstein Martin Eichenbaum Sergio Rebelo	Large Devaluations and the Real Exchange Rate
w10983	Thorsten Beck Asli Demirguc-Kunt Luc Laeven Ross Levine	Finance, Firm Size, and Growth
w10961	Ted Juhl William Miles Marc D. Weidenmier	Covered Interest Arbitrage: Then vs. Now
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
w10954	Assaf Razin	Globalization and Disinflation: A Note
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
w10941	Fernando A. Broner R. Gaston Gelos Carmen Reinhart	When in Peril, Retrench: Testing the Portfolio Channel of Contagion
w10940	Enrique G. Mendoza Katherine A. Smith	Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices
w10936	James R. Hines Jr.	Do Tax Havens Flourish?
w10907	Jeffrey A. Frankel Shang-Jin Wei	Managing Macroeconomic Crises
w10903	Craig Burnside Domenico Fanizza	Hiccups for HIPCs?
w10878	Takatoshi Ito Frederic S. Mishkin	Two Decades of Japanese Monetary Policy and the Deflation Problem
w10872	Anusha Chari Paige P. Ouimet Linda L. Tesar	Acquiring Control in Emerging Markets: Evidence from the Stock Market
w10869	Maurice Obstfeld Kenneth Rogoff	The Unsustainable US Current Account Position Revisited
w10864	Assaf Razin Yona Rubinstein Efraim Sadka	Fixed Costs and FDI: The Conflicting Effects of Productivity Shocks
w10856	Takatoshi Ito Yuko Hashimoto	Microstructure of the Yen/Dollar Foreign Exchange Market: Patterns of Intra-day Activity Revealed in the Electronic Broking System
w10849	Maurice Obstfeld	Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies
w10848	Willem H. Buiter	The Elusive Welfare Economics of Price Stability as a Monetary Policy Objective: Should New Keynesian Central Bankers Pursue Price Stability?
w10846	Antonio Fatas Ilian Mihov Andrew K. Rose	Quantitative Goals for Monetary Policy
w10845	Raghuram G. Rajan	Dollar Shortages and Crises
w10843	Maurice Obstfeld	External Adjustment
w10834	Michael D. Bordo Ashoka Mody Nienke Oomes	Keeping Capital Flowing: The Role of the IMF
w10827	Andres Velasco Roberto Chang	Monetary Policy and the Currency Denomination of Debt: A Tale of Two Equilibria
w10806	Mihir A. Desai C. Fritz Foley James R. Hines	Economic Effects of Regional Tax Havens
w10805	Robert P. Flood Andrew K. Rose	Estimating the Expected Marginal Rate of Substitution: Exploiting Idiosyncratic Risk
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
w10780	Graciela L. Kaminsky Carmen M. Reinhart Carlos A. Vegh	When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies
w10778	Carol H. Shiue Wolfgang Keller	Markets in China and Europe on the Eve of the Industrial Revolution
w10766	Ross Levine	Finance and Growth: Theory and Evidence
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
w10727	Michael P. Dooley David Folkerts-Landau Peter M. Garber	The US Current Account Deficit and Economic Development: Collateral for a Total Return Swap
w10725	Marianne Baxter Michael A. Kouparitsas	Determinants of Business Cycle Comovement: A Robust Analysis
w10723	Charles Engel Kenneth D. West	Exchange Rates and Fundamentals
w10702	Peter L. Rousseau	A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar
w10696	Michael W. Klein Jay C. Shambaugh	Fixed Exchange Rates and Trade
w10687	Thorsten Beck Asli Demirguc-Kunt Ross Levine	Law and Firms' Access to Finance
w10686	Menzie D. Chinn Robert Fairlie	The Determinants of the Global Digital Divide: A Cross-Country Analysis of Computer and Internet Penetration
w10673	Aasim M. Husain Ashoka Mody Kenneth S. Rogoff	Exchange Rate Regime Durability and Performance in Developing Countries Versus Advanced Economies
w10657	Francesco Giavazzi Guido Tabellini	Economic and Political Liberalizations
w10646	Frederic S. Mishkin	Can Inflation Targeting Work in Emerging Market Countries?
w10642	Willem H. Buiter Anne C. Sibert	Deflationary Bubbles
w10630	Assaf Razin Efraim Sadka	Capital Income Taxation in the Globalized World
w10626	Michael P. Dooley David Folkerts-Landau Peter Garber	Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery
w10614	Chi-Young Choi Nelson Mark Donggyu Sul	Unbiased Estimation of the Half-Life to PPP Convergence in Panel Data
w10607	Alan M. Taylor Mark P. Taylor	The Purchasing Power Parity Debate
w10602	Joshua Aizenman Brian Pinto	Managing Volatility and Crises: A Practitioner's Guide Overview
w10583	Eugene Canjels Gauri Prakash-Canjels Alan M. Taylor	Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913
w10577	Dennis W. Carlton	Why Barriers to Entry are Barriers to Understanding
w10576	Barry Eichengreen Pipat Luengnaruemitchai	Why Doesn't Asia Have Bigger Bond Markets?
w10559	Malcolm Baker C. Fritz Foley Jeffrey Wurgler	The Stock Market and Investment: Evidence from FDI Flows
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
w10545	Mihir A. Desai C. Fritz Foley Kristin J. Forbes	Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises
w10540	Fabio Ghironi Marc J. Melitz	International Trade and Macroeconomic Dynamics with Heterogeneous Firms
w10539	Adi Brender Allan Drazen	Political Budget Cycles in New versus Established Democracies
w10534	Joshua Aizenman Yeonho Lee Yeongseop Rhee	International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea
w10533	Daniel Cohen Richard Portes	Dealing with Destabilizing 'Market Discipline'
w10532	Ricardo J. Caballero Arvind Krishnamurthy	Fiscal Policy and Financial Depth
w10520	Guillermo A. Calvo Alejandro Izquierdo Luis-Fernando Mejia	On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects
w10519	Ricardo Caballero Kevin Cowan Jonathan Kearns	Fear of Sudden Stops: Lessons from Australia and Chile
w10518	Ricardo Caballero Emmanuel Farhi Mohamad L. Hammour	Speculative Growth: Hints from the US Economy
w10517	Ricardo Caballero Arvind Krishnamurthy	Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
w10502	Hyuk Choe Bong-Chan Kho Rene M. Stulz	Do Domestic Investors Have an Edge? The Trading Experience of Foreign Investors in Korea
w10497	Barry Eichengreen	Global Imbalances and the Lessons of Bretton Woods
w10476	Harald Hau Helene Rey	Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?
w10456	Takatoshi Ito Tomoyoshi Yabu	What Prompts Japan to Intervene in the Forex Market? A New Approach to a Reaction Function
w10448	Yuko Hashimoto Takatoshi Ito	High-Frequency Contagion Between the Exchange Rates and Stock Prices
w10417	Thorsten Beck Ross Levine	Legal Institutions and Financial Development
w10416	Tamim Bayoumi Douglas Laxton Paolo Pesenti	Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment
w10400	Mervyn King	The Institutions of Monetary Policy
w10396	Maurice Obstfeld Jay C. Shambaugh Alan M. Taylor	The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility
w10394	Francesco Giavazzi Alessandro Missale	Public Debt Management in Brazil
w10393	Maurice Obstfeld Jay C. Shambaugh Alan M. Taylor	Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar period
w10390	Carlo A. Favero Francesco Giavazzi	Inflation Targeting and Debt: Lessons from Brazil
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
w10376	Dani Rodrik Arvind Subramanian	From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition
w10373	Andrew Rose	A Meta-Analysis of the Effect of Common Currencies on International Trade
w10360	Jose De Gregorio	Productivity Growth and Disinflation in Chile
w10356	Paul R. Bergin	How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account?
w10344	Jonathan Eaton Samuel Kortum Francis Kramarz	Dissecting Trade: Firms, Industries, and Export Destinations
w10337	Mihir A. Desai C. Fritz Foley James R. Hines Jr.	Capital Controls, Liberalizations, and Foreign Direct Investement
w10336	Marcio Garcia Roberto Rigobon	A Risk Management Approach to Emerging Market's Sovereign Debt Sustainability with an Application to Brazilian Data
w10332	Michael P. Dooley David Folkerts-Landau Peter Garber	The Revived Bretton Woods System: The Effects of Periphery Intervention and Reserve Management on Interest Rates & Exchange Rates in Center Countries
w10318	Anusha Chari Peter Blair Henry	Is the Invisible Hand Discerning or Indiscriminate? Investment and Stock Prices in the Aftermath of Capital Account Liberalizations
w10304	Shiu-Sheng Chen Charles Engel	Does "Aggregation Bias" Explain the PPP Puzzle?
w10296	Carmen M. Reinhart Kenneth S. Rogoff	Serial Default and the "Paradox" of Rich to Poor Capital Flows
w10294	Assaf Razin	Aggregate Supply and Potential Output
w10293	Aaron Tornell Frank Westermann Lorenza Martinez	The Positive Link Between Financial Liberalization, Growth and Crises
w10290	Alan Auerbach Maurice Obstfeld	Monetary and Fiscal Remedies for Deflation
w10289	Aaron Tornell Frank Westermann Lorenza Martinez	NAFTA and Mexico's Less-Than-Stellar Performance
w10284	Kristin J. Forbes	Capital Controls: Mud in the Wheels of Market Discipline
w10280	Kenneth D. West	Monetary Policy and the Volatility of Real Exchange Rates in New Zealand
w10277	Sebastian Edwards	Financial Openness, Sudden Stops and Current Account Reversals
w10276	Sebastian Edwards	Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops
w10267	Charles Engel Kenneth D. West	Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One
w10246	Philippe Aghion Philippe Bacchetta Abhijit Banerjee	Financial Development and the Instability of Open Economies
w10245	Philippe Bacchetta Eric van Wincoop	A Scapegoat Model of Exchange Rate Fluctuations
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
w10225	Brian J. Henderson Narasimhan Jegadeesh Michael S. Weisbach	World Markets for Raising New Capital
w10217	Serkan Arslanalp Peter Blair Henry	Is Debt Relief Efficient?

2003
w10196	Lars E.O. Svensson	Optimal Policy with Low-Probability Extreme Events
w10195	Lars E.O. Svensson	Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
w10193	Graciela L. Kaminsky	Varieties of Currency Crises
w10172	Zihui Ma Leonard Cheng	The Effects of Financial Crises on International Trade
w10158	Gerard Caprio Luc Laeven Ross Levine	Governance and Bank Valuation
w10157	Kenneth A. Froot Paul G. J. O'Connell	The Risk Tolerance of International Investors
w10145	Assaf Razin Yona Rubinstein Efraim Sadka	Which Countries Export FDI, and How Much?
w10144	Joshua Aizenman Ilan Noy	Endogenous Financial Openness: Efficiency and Political Economy Considerations
w10130	Michael D. Bordo Thomas Helbling	Have National Business Cycles Become More Synchronized?
w10128	Mark Gertler Simon Gilchrist Fabio Natalucci	External Constraints on Monetary Policy and the Financial Accelerator
w10125	Giancarlo Corsetti Bernardo Guimaraes Nouriel Roubini	International Lending of Last Resort and Moral Hazard: A Model of IMF's Catalytic Finance
w10115	Gordon M. Bodnar Bernard Dumas Richard D. Marston	Cross-Border Valuation: The International Cost of Equity Capital
w10110	Willem Buiter Anne C. Sibert	Cross-Border Tax Externalities: Are Budget Deficits Too Small?
w10096	Hans Fehr Sabine Jokisch Laurence Kotlikoff	The Developed World's Demographic Transition - The Roles of Capital Flows, Immigration, and Policy
w10095	Barry Eichengreen Kenneth Kletzer	Crisis Resolution: Next Steps
w10093	Haizhou Huang Shang-Jin Wei	Monetary Policies for Developing Countries: The Role of Corruption
w10090	Jeffrey A. Frankel	The Environment and Globalization
w10082	Pol Antr�s Elhanan Helpman	Global Sourcing
w10074	David C. Parsley Shang-Jin Wei	A Prism into the PPP Puzzles: The Micro-foundations of Big Mac Real Exchange Rates
w10073	Romaine Ranciere Aaron Tornell Frank Westermann	Crises and Growth: A Re-Evaluation
w10071	Douglas W. Diamond Raghuram G. Rajan	Liquidity Shortages and Banking Crises
w10064	Peter Blair Henry Peter Lombard Lorentzen	Domestic Capital Market Reform and Access to Global Finance: Making Markets Work
w10061	Graciela L. Kaminsky Carmen Reinhart Carlos A. Vegh	The Unholy Trinity of Financial Contagion
w10051	Enrique G. Mendoza Linda L. Tesar	Winners and Losers of Tax Competition in the European Union
w10050	Dani Rodrik	Growth Strategies
w10047	Yin-Wong Cheung Menzie D. Chinn Eiji Fujii	The Chinese Economies in Global Context: The Integration Process and Its Determinants
w10036	Barry Eichengreen Ricardo Hausmann Ugo Panizza	Currency Mismatches, Debt Intolerance and Original Sin: Why They Are Not the Same and Why it Matters
w10032	Jeffrey A. Frankel	Experience of and Lessons from Exchange Rate Regime in Emerging Economies
w10024	Arvind Subramanian Shang-Jin Wei	The WTO Promotes Trade, Strongly But Unevenly
w10019	Arminio Fraga Ilan Goldfajn Andre Minella	Inflation Targeting in Emerging Market Economies
w10018	Martin Uribe Vivian Z. Yue	Country Spreads and Emerging Countries: Who Drives Whom?
w10015	Carmen M. Reinhart Kenneth S. Rogoff Miguel A. Savastano	Addicted to Dollars
w9971	Michael P. Dooley David Folkerts-Landau Peter Garber	An Essay on the Revived Bretton Woods System
w9948	Nelson Mark Young-Kyu Moh	Official Interventions and Occasional Violations of Uncovered Interest Party in the Dollar-DM Market
w9933	Dora L. Costa Joanna Lahey	Becoming Oldest-Old: Evidence from Historical U.S. Data
w9932	Andres Velasco Alejandro Neut	Tough Policies, Incredible Policies?
w9921	Thorsten Beck Asli Demirguc-Kunt Ross Levine	Bank Concentration and Crises
w9908	Carmen M. Reinhart Kenneth S. Rogoff Miguel A. Savastano	Debt Intolerance
w9906	Joshua Aizenman	On the Hidden Links Between Financial and Trade Opening
w9900	Paul R. Bergin Ivan Tchakarov	Does Exchange Rate Risk Matter for Welfare?
w9890	Asli Demirguc-Kunt Luc Laeven Ross Levine	Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation
w9880	Robert P. Flood Andrew K. Rose	Financial Integration: A New Methodology and an Illustration
w9875	Kathryn M.E. Dominguez	When Do Central Bank Interventions Influence Intra-Daily and Longer-Term Exchange Rate Movements?
w9867	Sebastian Edwards Eduardo Levy Yeyati	Flexible Exchange Rates as Shock Absorbers
w9864	Guillermo A. Calvo	Explaining Sudden Stops, Growth Collapse and BOP Crises: The Case of Distortionary Output Taxes
w9860	Michael D. Bordo Pierre-Cyrille Hautcoeur	Why didn't France follow the British Stabilization after World War One?
w9846	William Easterly Ross Levine David Roodman	New Data, New doubts: A Comment on Burnside and Dollar's "Aid, Policies, and Growth" (2000)
w9841	Michael D. Bordo Christopher Meissner Angela Redish	How "Original Sin" was Overcome: The Evolution of External Debt Denominated in Domestic Currencies in the United States and the British Dominions
w9835	Claudio Raddatz Roberto Rigobon	Monetary Policy and Sectoral Shocks: Did the FED react properly to the High-Tech Crisis?
w9834	Anna Pavlova Roberto Rigobon	Asset Prices and Exchange Rates
w9828	Guillermo A. Calvo Alejandro Izquierdo Ernesto Talvi	Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability: Argentina's Lessons
w9820	Sebastian Edwards I. Igal Magendzo	Strict Dollarization and Economic Performance: An Empirical Investigation
w9817	Sebastian Edwards Javier Gomez Biscarri Fernando Perez de Gracia	Stock Market Cycles, Financial Liberalization and Volatility
w9809	Alberto Alesina Alexander Wagner	Choosing (and reneging on) exchange rate regimes
w9808	Guillermo Calvo Frederic S. Mishkin	The Mirage of Exchange Rate Regimes for Emerging Market Countries
w9806	Mario Draghi Francesco Giavazzi Robert C. Merton	Transparency, Risk Management and International Financial Fragility
w9787	Graciela Kaminsky Sergio Schmukler	Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization
w9786	Craig Burnside Martin Eichenbaum Sergio Rebelo	Government Finance in the Wake of Currency Crises
w9778	Ricardo J. Caballero Stavros Panageas	Hedging Sudden Stops and Precautionary Contractions
w9777	Kristin J. Forbes	One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smalles Traded Firms
w9767	George-Marios Angeletos Christian Hellwig Alessandro Pavan	Coordination and Policy Traps
w9753	Willem H. Buiter	James Tobin: An Appreciation of his Contribution to Economics
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
w9737	Aaron Tornell Frank Westermann	Credit Market Imperfections in Middle Income Countries
w9710	Donald Morgan Philip Strahan	Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries
w9684	Pierre-Olivier Gourinchas Olivier Jeanne	The Elusive Gains from International Financial Integration
w9670	Carmen M. Reinhart Vincent R. Reinhart	Twin Fallacies About Exchange Rate Policy in Emerging Markets
w9666	Barry Eichengreen Alan M. Taylor	The Monetary Consequences of a Free Trade Area of the Americas
w9662	Ashoka Mody Assaf Razin Efraim Sadka	The Role of Information in Driving FDI Flows: Host-Country Tranparency and Source Country Specialization
w9660	Jon Faust John H. Rogers Eric Swanson Jonathan H. Wright	Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data
w9658	V. V. Chari Patrick J. Kehoe	Financial Crises as Herds: Overturning the Critiques
w9654	Michael D. Bordo	Exchange Rate Regime Choice in Historical Perspective
w9648	Rasmus Fatum Michael Hutchison	Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan
w9642	Yasushi Hamao Jianping Mei Yexiao Xu	Idiosyncratic Risk and the Creative Destruction in Japan
w9623	Willem H. Buiter	Deflation: Prevention and Cure
w9614	Ross Levine Sergio L. Schmukler	Migration, Spillovers,and Trade Diversion: The Impact of Internationalization on Stock Market Liquidity
w9609	Roberto Rigobon Brian Sack	The Effects of War Risk on U.S. Financial Markets
w9606	Assaf Razin Efraim Sadka	A Brazilian-Type Debt Crisis: Simple Analytics
w9599	Ricardo J. Caballero Arvind Krishnamurthy	Inflation Targeting and Sudden Stops
w9589	Takatoshi Ito Kimie Harada	Market Evaluations of Banking Fragility in Japan: Japan Premium, Stock Prices, and Credit Derivatives
w9580	Alan M. Taylor	Foreign Capital in Latin America in the Nineteenth and Twentieth Centuries
w9575	Youngjae Lim	Sources of Corporate Financing and Economic Crisis in Korea: A Micro-evidence
w9570	Ricardo J. Caballero	On the International Financial Architecture: Insuring Emerging Markets
w9568	Douglas Laxton Paolo Pesenti	Monetary Rules for Small, Open, Emerging Economies
w9557	Guillermo Calvo Oya Celasun Michael Kumhof	Inflation Inertia and Credible Disinflation - The Open Economy Case
w9555	Kristin J. Forbes Menzie D. Chinn	A Decomposition of Global Linkages in Financial Markets Over Time
w9543	Michael B. Devereux Charles Engel Peter E. Storgaard	Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance
w9541	Julan Du Shang-Jin Wei	Does Insider Trading Raise Market Volatility?
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
w9510	Geert Bekaert Campbell R. Harvey	Market Integration and Contagion
w9500	Michael W. Klein	Capital Account Openness and the Varieties of Growth Experience
w9498	Eric van Wincoop Philippe Bacchetta	Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?
w9493	Andrei Shleifer	Will the Sovereign Debt Market Survive?
w9490	Jeffrey D. Sachs	Institutions Don't Rule: Direct Effects of Geography on Per Capita Income
w9488	Peter Blair Henry	Capital Account Liberalization, The Cost of Capital, and Economic Growth
w9486	Lars E. O. Svensson	Monetary Policy and Real Stabilization
w9481	Rodolfo Martell Rene M. Stulz	Equity market liberalizations as country IPOs
w9479	Graciela L. Kaminsky Carmen Reinhart	The Center and the Periphery: The Globalization of Financial Turmoil
w9457	Gerardo della Paolera Alan M. Taylor	Gaucho Banking Redux
w9435	Silvana Tenreyro Robert J. Barro	Economic Effects of Currency Unions
w9433	Martin D. D. Evans Richard K. Lyons	How is Macro News Transmitted to Exchange Rates?
w9427	Barry Eichengreen David Leblang	Capital Account Liberalization and Growth: Was Mr. Mahathir Right?
w9426	Itay Goldstein Assaf Razin	An Information-Based Trade Off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency, and Welfare
w9424	Ricardo Hausmann Roberto Rigobon	An Alternative Interpretation of the 'Resource Curse': Theory and Policy Implications

2002
w9398	Harald Hau Helene Rey	Exchange Rate, Equity Prices and Capital Flows
w9393	Yin-Wong Cheung Menzie D. Chinn Antonio Garcia Pascual	Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?
w9391	Pierre-Olivier Gourinchas Aaron Tornell	Exchange Rate Dynamics, Learning and Misperception
w9379	Thorsten Beck Asli Demirguc-Kunt Ross Levine	Law and Finance: why Does Legal Origin Matter?
w9376	Takatoshi Ito Yuko Hashimoto	High Frequency Contagion of Currency Crises in Asia
w9372	Jean Imbs Haroon Mumtaz Morton O. Ravn Helene Rey	PPP Strikes Back: Aggregation and the Real Exchange Rate
w9370	V. V. Chari Patrick J. Kehoe	Time Consistency and Free-Riding in a Monetary Union
w9369	Serkan Arslanalp Peter Blair Henry	Debt Relief: What Do the Markets Think?
w9355	Aaron Tornell Frank Westermann	The Credit Channel in Middle Income Countries
w9352	Philippe Bacchetta Eric van Wincoop	Why Do Consumer Prices React less than Import Prices to Exchange Rates?
w9345	Maurice Obstfeld Alan M. Taylor	Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31
w9344	Stefano Cavaglia Robert J. Hodrick Moroz Vadim Xiaoyan Zhang	Pricing the Global Industry Portfolios
w9343	Sebastian Auguste Kathryn M.E. Dominguez Herman Kamil Linda L. Tesar	Cross-Border Trading as a Mechanism for Capital Flight: ADRs and the Argentine Crisis
w9337	Luis Felipe Cespedes Roberto Chang Andres Velasco	IS-LM-BP in the Pampas
w9332	Assaf Razin Efraim Sadka Tarek Coury	Trade Openness, Investment Instability and Terms-of-Trade Volatility
w9323	James R. Barth Gerard Caprio Jr. Ross Levine	Bank Regulation and Supervision: What Works Best?
w9304	Jaume Ventura	Bubbles and Capital Flows
w9297	Stanley Fischer	Financial Crises and Reform of the International Financial System
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
w9285	Andrew K. Rose Mark M. Spiegel	A Gravity Model of Sovereign Lending: Trade, Default and Credit
w9276	Barry Eichengreen	Still Fettered After All These Years
w9266	Joshua Aizenman Nancy Marion	The High Demand for International Reserves in the Far East: What's Going On?
w9261	George J. Hall	Exchange Rates and Casualties During the First World War
w9260	R. Gaston Gelos Shang-Jin Wei	Transparency and International Investor Behavior
w9257	Sebastian Edwards	The Great Exchange Rate Debate After Argentina
w9255	Assaf Razin Ashoka Mody Efraim Sadka	The Role of Information in Driving FDI: Theory and Evidence
w9241	Jessica Tjornhom Donohue Kenneth A. Froot	The Persistence of Emerging Market Equity Flows
w9233	Christopher M. Meissner	A New World Order: Explaining the Emergence of the Classical Gold Standard
w9223	Enrico Spolaore Romain Wacziarg	Borders and Growth
w9221	Martin Uribe	A Fiscal Theory of Sovereign Risk
w9219	Aaron Tornell Frank Westermann	Boom-Bust Cycles in Middle Income Countries: Facts and Explanation
w9211	Assaf Razin Efraim Sadka	A Brazilian Debt-Crisis Model
w9190	Joshua Aizenman Kenneth M. Kletzer Brian Pinto	Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises
w9189	Alessandra Casella	Storable Votes
w9164	Hali J. Edison Ross Levine Luca Ricci Torsten Slok	International Financial Integration and Economic Growth
w9163	Jaume Ventura	Towards a Theory of Current Accounts
w9160	Assaf Razin Efraim Sadka	A Brazilian Debt-Crisis
w9154	Joshua Aizenman Nancy P. Marion	International Reserve Holdings with Sovereign Risk and Costly Tax Collection
w9147	Larry Neal Marc Weidenmier	Crises in the Global Economy from Tulips to Today: Contagion and Consequences
w9138	Ross Levine	Bank-Based or Market-Based Financial Systems: Which is Better?
w9134	Sharun Mukand Dani Rodrik	In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance
w9129	Dani Rodrik	Feasible Globalizations
w9118	Maurice Obstfeld	Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics
w9106	William Easterly Ross Levine	Tropics, Germs, and Crops: How Endowments Influence Economic Development
w9101	Kenneth A. Froot Tarun Ramadorai	Currency Returns, Institutional Investor Flows, and Exchange Rate Fundamentals
w9100	Hali J. Edison Michael W. Klein Luca Ricci Torsten Sloek	Capital Account Liberalization and Economic Performance: Survey and Synthesis
w9095	Kristin J. Forbes	How Do Large Depreciations Affect Firm Performance?
w9089	Thorsten Beck Asli Demirguc-Kunt Ross Levine	Law, Endowment, and Finance
w9087	Peter G. Dunne Michael J. Moore Richard Portes	Defining Benchmark Status: An Application using Euro-Area Bonds
w9082	Thorsten Beck Ross Levine	Stock Markets, Banks, and Growth: Panel Evidence
w9080	Kenneth A. Froot Tarun Ramadorai	Currency Returns, Institutional Investor Flows, and Exchange Rate Fundamentals
w9079	Kenneth A. Froot Jessica D. Tjornhom	Decomposing the Persistence of International Equity Flows
w9075	John Y. Campbell Luis M. Viceira Joshua S. White	Foreign Currency for Long-Term Investors
w9072	Alberto Alesina Robert J. Barro Silvana Tenreyro	Optimal Currency Areas
w9062	Jonathan Kearns Roberto Rigobon	Identifying the Efficacy of Central Bank Interventions: The Australian Case
w9053	Kristin J. Forbes	Cheap Labor Meets Costly Capital: The Impact of Devaluations on Commodity Firms
w9047	Sergio L. Schmukler Luis Serven	Pricing Currency Risk: Facts and Puzzles from Currency Boards
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
w9019	Michael D. Bordo Antu Panini Murshid	Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets
w9016	Charles Engel	Expenditure Switching and Exchange Rate Policy
w9008	Assaf Razin Efraim Sadka	Gains from FDI Inflows with Incomplete Information
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
w8963	Carmen M. Reinhart Kenneth S. Rogoff	The Modern History of Exchange Rate Arrangements: A Reinterpretation
w8959	Torben G. Andersen Tim Bollerslev Francis X. Diebold Clara Vega	Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange
w8953	Michael Kremer Seema Jayachandran	Odious Debt
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'
w8939	Sebastian Edwards	Debt Relief and Fiscal Sustainability
w8937	Douglas W. Diamond Raghuram G. Rajan	Liquidity Shortages and Banking Crises
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
w8927	Alan M. Taylor	A Century of Current Account Dynamics
w8925	Lars E.O. Svensson	Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule?
w8914	Takatoshi Ito	Is Foreign Exchange Intervention Effective?: The Japanese Experiences in the 1990s
w8908	Anusha Chari Peter Blair Henry	Capital Account Liberalization: Allocative Efficiency or Animal Spirits?
w8905	Jordi Gali Tommaso Monacelli	Monetary Policy and Exchange Rate Volatility in a Small Open Economy
w8904	Xavier Sala-i-Martin	The Disturbing "Rise" of Global Income Inequality
w8900	Joshua Aizenman	Financial Opening: Evidence and Policy Options
w8897	Sylvie Demurger Jeffrey D. Sachs Wing Thye Woo Shuming Bao Gene Chang Andrew Mellinger	Geography, Economic Policy, and Regional Development in China
w8892	Raphael Bergoeing Patrick J. Kehoe Timothy J. Kehoe Raimundo Soto	Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
w8880	Cristina Arellano Enrique G. Mendoza	Credit Frictions and 'Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises
w8879	Michael W. Klein	Dollarization and Trade
w8864	Alejandro Reynoso	Can Subsidiaries of Foreign Banks Contribute to the Stability of the Forex Market in Emerging Economies? A Look at Some Evidence from the Mexican...
w8858	Michael B. Devereux Charles Engel	Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect
w8853	Andrew K. Rose	One Reason Countries Pay their Debts: Renegotiation and International Trade
w8848	Rafael La Porta Florencio Lopez-de-Silane Guillermo Zamarripa	Related Lending
w8846	Maurice Obstfeld Alan M. Taylor	Globalization and Capital Markets
w8842	Antoni Estevadeordal Alan M. Taylor	Testing Trade Theory in Ohlin's Time
w8838	Roberto Chang Andres Velasco	Dollarization: Analytical Issues
w8837	Martin Feldstein	Economic and Financial Crises in Emerging Market Economies: Overview of Prevention and Management
w8828	Jeffrey A. Frankel Sergio L. Schmukler Luis Serven	Global Transmission of Interest Rates: Monetary Independence and Currency Regime
w8824	Ron Alquist Menzie D. Chinn	Productivity and the Euro-Dollar Exchange Rate Puzzle
w8804	Aart Kraay Jaume Ventura	Trade Integration and Risk Sharing
w8794	Roberto Rigobon Brian P. Sack	The Impact of Monetary Policy on Asset Prices
w8783	Giancarlo Corsetti Paolo Pesenti	Self-Validating Optimum Currency Areas
w8765	Matthew B. Canzoneri Robert E. Cumby Behzad T. Diba	The Need for International Policy Coordination: What's Old, What's New, What's Yet to Come?
w8758	Ricardo J. Caballero Arvind Krishnamurthy	A Dual Liquidity Model for Emerging Markets
w8748	Ariel Burstein Martin Eichenbaum Sergio Rebelo	Why Are Rates of Inflation So Low After Large Devaluations?
w8738	Carmen M. Reinhart	Default, Currency Crises and Sovereign Credit Ratings
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
w8716	Barry Eichengreen Michael D. Bordo	Crises Now and Then: What Lessons from the Last Era of Financial Globalization
w8706	Roberto Rigobon	Disinflation and Fiscal Reform: A Neoclassical Perspective

2001
w8684	Carlos A. Vegh	Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences
w8681	Andrew Atkeson Patrick J. Kehoe	The Advantage of Transparent Instruments of Monetary Policy
w8680	Lee Pinkowitz Rene M. Stulz Rohan Williamson	Corporate Governance and the Home Bias
w8679	Bernhard Paasche Stanley E. Zin	Competition and Intervention in Sovereign Debt Markets
w8671	Sebastian Edwards I. Igal Magendzo	Dollarization, Inflation and Growth
w8659	Assaf Razin Efraim Sadka Chi-Wa Yuen	Why International Equity Inflows to Emerging Markets are Inefficient and Small Relative to International Debt Flows
w8636	Roberto Rigobon	The Curse of Non-Investment Grade Countries
w8634	Jeffrey A. Frankel Nouriel Roubini	The Role of Industrial Country Policies in Emerging Market Crises
w8604	Richard Clarida Jordi Gali Mark Gertler	Optimal Monetary Policy in Closed versus Open Economies: An Integrated Approach
w8603	Richard Clarida	The Empirics of Monetary Policy Rules in Open Economies
w8601	Richard Clarida Lucio Sarno Mark Taylor Giorgio Valente	The Out-of-Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond
w8600	Tilak Abeysinghe Kristin J. Forbes	Trade Linkages and Output-Multiplier Effects: A Structural VAR Approach with a Focus on Asia
w8587	David E. Bloom David Canning Jaypee Sevilla	The Effect of Health on Economic Growth: Theory and Evidence
w8584	Michael D. Bordo Marc Flandreau	Core, Periphery, Exchange Rate Regimes, and Globalization
w8569	Graciela L. Kaminsky Carmen M. Reinhart	Financial Markets in Times of Stress
w8564	Jed Friedman James Levinsohn	The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare: A "Rapid Response" Methodology
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
w8553	Axel Boersch-Supan Alexander Ludwig Joachim Winter	Aging and International Capital Flows
w8550	Charles Engel James C. Morley	The Adjustment of Prices and the Adjustment of the Exchange Rate
w8545	Michael D. Bordo Harold James	The Adam Klug Memorial Lecture: Haberler versus Nurkse: The Case for Floating Exchange Rates as an Alternative to Bretton Woods?
w8535	Carmen M. Reinhart Vincent R. Reinhart	What Hurts Most? G-3 Exchange Rate or Interest Rate Volatility
w8529	Sebastian Edwards	Exchange Rate Regimes, Capital Flows and Crisis Prevention
w8521	Simon Johnson Todd Mitton	Cronyism and Capital Controls: Evidence from Malaysia
w8520	Raphael Bergoeing Patrick J. Kehoe Timothy J. Kehoe Raimundo Soto	A Decade Lost and Found: Mexico and Chile in the 1980s
w8506	Sebastian Edwards Raul Susmel	Volatility Dependence and Contagion in Emerging Equity Markets
w8491	William P. Killeen Richard K. Lyons Michael J. Moore	Fixed versus Flexible: Lessons from EMS Order Flow
w8476	Philippe Martin Helene Rey	Financial Super-Markets: Size Matters for Asset Trade
w8472	Kenneth A. Froot Tarun Ramadorai	The Information Content of International Portfolio Flows
w8468	David C. Parsley Shang-Jin Wei	Limiting Currency Volatility to Stimulate Goods Market Integration: A Price Based Approach
w8465	Beata K. Smarzynska Shang-Jin Wei	Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?
w8461	Anna Maria Mayda Dani Rodrik	Why Are Some People (and Countries) More Protectionist Than Others?
w8453	Kathryn M.E. Dominguez Linda L. Tesar	Exchange Rate Exposure
w8414	Carlos Arteta Barry Eichengreen Charles Wyplosz	When Does Capital Account Liberalization Help More than It Hurts?
w8443	J. Bradford DeLong Barry Eichengreen	Between Meltdown and Moral Hazard: The International Monetary and Financial Policies of the Clinton Administration
w8428	Ricardo Caballero Arvind Krishnamurthy	A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems
w8427	Ricardo Caballero Arvind Krishnamurthy	Smoothing Sudden Stops
w8422	Carmen M. Reinhart R. Todd Smith	Temporary Controls on Capital Inflows
w8408	Ian W. McLean Alan M. Taylor	Australian Growth: A California Perspective
w8404	Michael W. Brandt John H. Cochrane Pedro Santa-Clara	International Risk Sharing is Better Than You Think (or Exchange Rates are Much Too Smooth)
w8396	Reuven Glick Andrew K. Rose	Does a Currency Union Affect Trade? The Time Series Evidence
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
w8390	Osmel Manzano Roberto Rigobon	Resource Curse or Debt Overhang?
w8386	Stijn Claessens Daniela Klingebiel Luc Laeven	Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue?
w8381	Olivier Jeanne Charles Wyplosz	The International Lender of Last Resort: How Large is Large Enough?
w8373	Yung Chul Park Jong-Wha Lee	Recovery and Sustainability in East Asia
w8369	Maurice Obstfeld	International Macroeconomics: Beyond the Mundell-Fleming Model
w8366	Philip R. Lane Gian Milesi-Ferretti	Long-Term Capital Movements
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
w8360	Fernando Alvarez Urban J. Jermann	The Size of the Permanent Component of Asset Pricing Kernels
w8356	Martin D. D. Evans Richard K. Lyons	Portfolio Balance, Price Impact, and Secret Intervention
w8352	Hans-Werner Sinn Frank Westermann	Why Has the Euro Been Falling? An Investigation into the Determinants of the Exchange Rate
w8350	Roberto Rigobon Brian Sack	Measuring the Reaction of Monetary Policy to the Stock Market
w8338	Enrique G. Mendoza	Credit, Prices, and Crashes: Business Cycles with a Sudden Stop
w8326	Rudi Dornbusch	A Primer on Emerging Market Crises
w8325	Rudi Dornbusch	Malaysia: Was it Different?
w8324	Rudi Dornbusch	Fewer Monies, Better Monies
w8322	Robert Dekle Kenneth M. Kletzer	Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia
w8315	Michael P. Dooley Sujata Verma	Rescue Packages and Output Losses Following Crises
w8313	Assaf Razin Chi-Wa Yuen	The "New Keynesian" Phillips Curve: Closed Economy vs. Open Economy
w8305	Michael M. Hutchison	A Cure Worse Than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs
w8303	Giancarlo Corsetti Paolo Pesenti Nouriel Roubini	The Role of Large Players in Currency Crises
w8289	Peter Blair Henry	Is Disinflation Good for the Stock Market?
w8277	Craig Burnside Martin Eichenbaum Sergio Rebelo	On the Fiscal Implications of Twin Crises
w8275	Sebastian Edwards	Does the Current Account Matter?
w8274	Sebastian Edwards	Dollarization and Economic Performance: An Empirical Investigation
w8265	Anusha Chari Peter Blair Henry	Stock Market Liberalizations and the Repricing of Systematic Risk
w8264	Martin Feldstein	Economic Problems of Ireland in Europe
w8249	Pierre-Olivier Gourinchas Rodrigo Valdes Oscar Landerretche	Lending Booms: Latin America and the World
w8230	Giancarlo Corsetti Paolo Pesenti	International Dimensions of Optimal Monetary Policy
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?
w8195	Wouter J. Den Haan Steven Sumner	The Comovements between Real Activity and Prices in the G7
w8194	Kristin J. Forbes	Are Trade Linkages Important Determinants of Country Vulnerability to Crises?
w8193	Roger Gordon Vitor Gaspar	Home Bias in Portfolios and Taxation of Asset Income
w8187	Shang-Jin Wei Yi Wu	Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises
w8171	Assaf Razin Efraim Sadka	Country Risk and Capital Flow Reversals
w8160	Torben G. Andersen Tim Bollerslev Francis X. Diebold Paul Labys	Modeling and Forecasting Realized Volatility
w8142	Ethan Kaplan Dani Rodrik	Did the Malaysian Capital Controls Work?
w8141	Ricardo J. Caballero Arvind Krishnamurthy	International Liquidity Illusion: On the Risks of Sterilization
w8137	Linda Goldberg Joseph Tracy	Exchange Rates and Wages
w8129	Kathryn M.E. Dominguez Linda L. Tesar	Trade and Exposure
w8128	Kathryn M.E. Dominguez Linda L. Tesar	A Re-Examination of Exchange Rate Exposure
w8121	Mihir A. Desai James R. Hines Jr.	Exchange Rates and Tax-Based Export Promotion
w8118	Roberto Rigobon	Contagion: How to Measure It?
w8116	Martin D. D. Evans	FX Trading and Exchange Rate Dynamics
w8112	Jonathan Haskel Holger Wolf	The Law of One Price - A Case Study
c11059	Maurice Obstfeld Kenneth Rogoff	The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
c11058	Francisco Rodriguez Dani Rodrik	Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence
c11057	Harold L. Cole Lee E. Ohanian	Re-Examining the Contributions of Money and Banking Shocks to the U.S. Great Depression
c11056	Stephen Morris Hyun Song Shin	Rethinking Multiple Equilibria in Macroeconomic Modeling
c11055	Allan Drazen	The Political Business Cycle After 25 Years
c11054	Daron Acemoglu Joshua Angrist	How Large are Human-Capital Externalities? Evidence from Compulsory-Schooling Laws
c11053	Ben S. Bernanke Kenneth Rogoff	Abstracts
c11052	Ben S. Bernanke Kenneth Rogoff	Editorial in "NBER Macroeconomics Annual 2000, Volume 15"
c11051	Ben S. Bernanke Kenneth Rogoff	Front matter, table of contents
w8104	Aart Kraay Jaume Ventura	Comparative Advantage and the Cross-section of Business Cycles
w8100	Michael Bordo Anna J. Schwartz	From the Exchange Stabilization Fund to the International Monetary Fund
w8087	Frederic S. Mishkin	Financial Policies and the Prevention of Financial Crises in Emerging Market Countries
w8083	Daron Acemoglu Jaume Ventura	The World Income Distribution
w8076	Sebastian Edwards	Capital Mobility and Economic Performance: Are Emerging Economies Different?
w8073	Hyuk Choe Bong-Chan Kho Rene M. Stulz	Do Domestic Investors Have More Valuable Information About Individual Stocks Than Foreign Investors?

2000
w8060	Martin Schneider Aaron Tornell	Balance SHeet Effects, Bailout Guarantees and Financial Crises
w8044	Jean-Pierre Danthine Francesco Giavazzi Ernst-Ludwig von Thadden	European Financial Markets After EMU: A First Assessment
w8043	Robert J. Barro Silvana Tenreyro	Closed and Open Economy Models of Business Cycles with Marked up and Sticky Prices
w8035	Barry Eichengreen	The EMS Crisis in Retrospect
w8027	Alessandra Casella	Market Mechanisms for Policy Decisions: Tools for the European Union
w8026	Alessandra Casella	Games for Central Bankers: Markets v/s Politics in Public Policy Decisions
w8012	Alan M. Taylor	A Century of Purchasing-Power Parity
w8008	Lee J. Alston Andres Gallo	Evolution and Revolution in the Argentine Banking System under Convertibility: The Roles of Crises and Path Dependence
w8006	Guillermo A. Calvo Carmen M. Reinhart	Fixing for Your Life
w8003	Edward J. Kane Tara Rice	Bank Runs and Banking Policies: Lessons for African Policymakers
w8002	Eiji Ogawa Takatoshi Ito	On the Desirability of a Regional Basket Currency Arrangement
w7997	Takatoshi Ito Kimie Harada	Japan Premium and Stock Prices: Two Mirrors of Japanese Banking Crises
w7993	Guillermo A. Calvo Carmen M. Reinhart	Fear of Floating
w7992	Michael P. Dooley Inseok Shin	Private Inflows when Crises are Anticipated: A Case Study of Korea
w7971	Ricardo Caballero Arvind Krishnamurthy	International and Domestic Collateral Constraints in a Model of Emerging Market Crises
w7969	Beata K. Smarzynska Shang-Jin Wei	Corruption and Composition of Foreign Direct Investment: Firm-Level Evidence
w7957	Lars E.O. Svensson	The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap
w7951	P.R. Agenor J. Aizenman A. Hoffmaister	The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?
w7927	Alberto Alesina Robert J. Barro	Currency Unions
w7920	Michael P. Devereux R. Glenn Hubbard	Taxing Multinationals
w7913	Kee-Hong Bae G. Andrew Karolyi Rene M. Stulz	A New Approach to Measuring Financial Contagion
w7902	Menzie D. Chinn Kenneth M. Kletzer	International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information
w7901	Jeffrey Frankel Sergio Schmukler Luis Serven	Verifiability and the Vanishing Intermediate Exchange Rate Regime
w7900	Michael D. Bordo Antu P. Murshid	Are Financial Crises Becoming Increasingly More Contagious? What is the Historical Evidence on Contagion?
w7899	Martin Feldstein	Aspects of Global Economic Intergration: Outlook for the Future
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
w7880	Eiji Fujii Menzie D. Chinn	Fin de Siecle Real Interest Parity
w7872	Andrew K. Rose Charles Engel	Currency Unions and International Integration
w7871	Fernando Alvarez Andrew Atkeson Patrick J. Kehoe	Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
w7870	Patrick J. Kehoe Fabrizio Perri	International Business Cycles with Endogenous Incomplete Markets
w7869	V.V. Chari Patrick J. Kehoe Ellen R. McGrattan	Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
w7044	Frederic S. Mishkin	International Experiences with Different Monetary Policy Regimes
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
w7858	Jeffrey A. Frankel	Globalization of the Economy
w7857	Jeffrey A. Frankel Andrew K. Rose	Estimating the Effect of Currency Unions on Trade and Output
w7855	Graciela Kaminsky Richard K. Lyons Sergio Schmukler	Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets
w7845	Michael Klein Joe Peek Eric Rosengren	Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
w7840	Luis Felipe Cespedes Roberto Chang Andres Velasco	Balance Sheets and Exchange Rate Policy
w7824	Enrique G. Mendoza	On the Benefits of Dollarization when Stabilization Policy is not Credible and Financial Markets are Imperfect
w7618	Frederic S. Mishkin	Inflation Targeting in Emerging Market Countries
w7598	Lars E.O. Svensson	The First Year of the Eurosystem: Inflation Targeting or Not?
w7102	Frederic S. Mishkin	Lessons from the Asian Crisis
w7818	Charles Engel	Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
w7813	Sebastian Edwards Raul Susmel	Interest Rate Volatility and Contagion in Emerging Markets: Evidence from the 1990s
w7807	Kristin Forbes	The Asian Flu and Russian Virus: Firm-level Evidence on How Crises are Transmitted Internationally
w7801	Sebastian Edwards	Interest Rates, Contagion and Capital Controls
w7797	Carlo A. Favero Francesco Giavazzi	Looking for Contagion: Evidence from the ERM
w7796	Steven J. Davis Jeremy Nalewaik Paul Willen	On the Gains to International Trade in Risky Financial Assets
w7795	Aart Kraay Norman Loayza Luis Serven Jaume Ventura	Country Portfolios
w7792	Ricardo J. Caballero Arvind Krishnamurthy	Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
w7782	Ricardo J. Caballero	Macroeconomic Volatility in Latin America: A View and Three Case Studies
w7777	Maurice Obstfeld Kenneth Rogoff	The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
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
w7765	Shang-Jin Wei	Natural Openness and Good Government
w7764	Douglas W. Diamond Raghuram G. Rajan	Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications
w7763	Geert Bekaert Campbell R. Harvey Christian Lundblad	Emerging Equity Markets and Economic Development
w7753	Aaron Tornell	Robust-H-infinity Forecasting and Asset Pricing Anomalies
w7751	Anna J. Schwartz	The Rise and Fall of Foreign Exchange Market Intervention
w7740	Ricardo J. Caballero Arvind Krishnamurthy	International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
w7738	Joshua Aizenman Ricardo Hausmann	Exchange Rate Regimes and Financial-Market Imperfections
w7736	Assaf Razin Efraim Sadka Chi-Wa Yuen	Do Debt Flows Crowd Out Equity Flows Or the Other Way Round?
w7734	Amartya Lahiri Carlos A. Vegh	Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises
w7724	Michael D. Bordo Harold James	The International Monetary Fund: Its Present Role in Historical Perspective
w6545	Lars E. O. Svensson	Open-Economy Inflation Targeting
w7722	Benjamin M. Friedman	Debt Restructuring
w7715	Charles W. Calomiris Andrew Powell	Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999
w7714	Linda Goldberg B. Gerard Dages Daniel Kinney	Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina
w7701	Michael D. Bordo Anna J. Schwartz	Measuring Real Economic Effects of Bailouts: Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts
w7665	Michael B. Devereux Charles Engel	Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility
w7664	Stanley Fischer Ratna Sahay	The Transition Economies After Ten Years
w7653	Barry Eichengreen Christof Ruehl	The Bail-In Problem: Systematic Goals, Ad Hoc Means
w7645	Jose De Gregorio Sebastian Edwards Rodrigo O. Valdes	Controls on Capital Inflows: Do they Work?
h0124	Hugh Rockoff	How Long Did It Take the United States to Become an Optimal Currency Area?
w6039	Robert E. Lipsey Birgitta Swedenborg	Wage Dispersion and Country Price Levels
w7630	Barry Eichengreen	From Benign Neglect to Malignant Preoccupation: U.S. Balance-of-Payments Policy in the 1960s
w7617	Frederic S. Mishkin Miguel A. Savastano	Monetary Policy Strategies for Latin America
w7607	Russell W. Cooper Hubert Kempf	Designing Stabilization Policy in a Monetary Union
w7581	Menzie D. Chinn Eswar S. Prasad	Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Exploration
w7577	Alan M. Taylor	Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price
w7575	Michael Kremer Paras Mehta	Globalization and International Public Finance
w7554	Craig Burnside Martin Eichenbaum Sergio T. Rebelo	On the Fundamentals of Self-Fulfilling Speculative Attacks
w7531	Michael P. Dooley	Can Output Losses Following International Financial Crises be Avoided?
w7529	Rene M. Stulz	U.S. Banks, Crises, and Bailouts: From Mexico to LTCM
w7524	Yin-Wong Cheung Menzie D. Chinn Ian W. Marsh	How Do UK-Based Foreign Exchange Dealers Think Their Market Operates?
w7517	Martin Feldstein	The European Central Bank and the Euro: The First Year
w7499	Ernesto Talvi Carlos A. Vegh	Tax Base Variability and Procyclical Fiscal Policy
w7497	Gordon M. Bodnar M.H. Franco Wong	Estimating Exchange Rate Exposures: Some "Weighty" Issues
w7493	Roberto Rigobon	Identification through Heteroskedasticity: Measuring "Contagion: betweenArgentinean and Mexican Sovereign Bonds
w7483	Joon-Ho Hahm Frederic S. Mishkin	Causes of the Korean Financial Crisis: Lessons for Policy
w7466	Michael W. Klein Scott Schuh Robert K. Triest	Job Creation, Job Destruction, and the Real Exchange Rate
w7460	Francesco Giavazzi Tullio Jappelli Marco Pagano	Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries
w7458	Barry Eichengreen Ashoka Mody	Would Collective Action Clauses Raise Borrowing Costs?

1999
w7446	Pierre-Richard Agenor Joshua Aizenman	Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management
w7434	Richard H. Clarida	G3 Exchange Rate Relationships: A Recap of the Record and a Review of Proposals for Change
w7432	Andrew K. Rose	One Money, One Market: Estimating the Effect of Common Currencies on Trade
w7429	Anne O. Krueger	Trade Creation and Trade Diversion Under NAFTA
w5962	Lars E. O. Svensson	Inflation Targeting: Some Extensions
w7418	Barry Eichengreen Ricardo Hausmann	Exchange Rates and Financial Fragility
w7417	Yin-Wong Cheung Menzie D. Chinn	Macroeconomic Implications of the Beliefs and Behavior of Foreign Exchange Traders
w7416	Yin-Wong Cheung Menzie D. Chinn	Traders, Market Microstructure and Exchange Rate Dynamics
w7413	Sebastian Edwards	How Effective are Capital Controls?
w7408	Yin-Wong Cheung Menzie D. Chinn Eiji Fujii	Market Structure and the Persistence of Sectoral Real Exchange Rates
w7400	Assaf Razin Efraim Sadka Chi-Wa Yuen	Excessive FDI Flows Under Asymmetric Information
w7394	Alan M. Taylor	Latin America and Foreign Capital in the Twentieth Century: Economics, Politics, and Institutional Change
w7393	Bennett T. McCallum	Theoretical Issues Pertaining to Monetary Unions
w7389	Joshua Aizenman Nancy P. Marion	Uncertainty and the Disapperance of International Credit
w7386	Gerardo della Paolera Alan M. Taylor	Internal Versus External Convertibility and Developing-Country FinancialCrises: Lessons from the Argentine Bank Bailout of the 1930's
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
w7361	Bong-Chan Kho Rene M. Stulz	Banks, the IMF, and the Asian Crisis
w7354	Roberto Rigobon	On the Measurement of the International Propagation of Shocks
w7350	Tamim Bayoumi	The Morning After: Explaining the Slowdown in Japanese Growth in the 1990s
w7338	Jeffrey A. Frankel	No Single Currency Regime is Right for All Countries or At All Times
w7337	Kathryn M. Dominguez	The Market Microstructure of Central Bank Intervention
w7336	Richard Portes Helene Rey	The Determinants of Cross-Border Equity Flows
w7317	Martin D.D. Evans Richard K. Lyons	Order Flow and Exchange Rate Dynamics
w7313	Maurice Obstfeld Kenneth Rogoff	New Directions for Stochastic Open Economy Models
w7302	Willem H. Buiter	The Fallacy of the Fiscal Theory of the Price Level
w7278	Alessandra Casella	Tradable Deficit Permits: Efficient Implementation of the Stability Pacin the European Monetary Union
w7276	Lars E.O. Svensson	Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability
w6729	Takatoshi Ito Eiji Ogawa Yuri Nagataki Sasaki	How Did the Dollar Peg Fail in Asia?
w6682	Maurice Obstfeld	EMU: Ready, or Not?
w7272	Roberto Chang Andres Velasco	Liquidity Crises in Emerging Markets: Theory and Policy
w7271	Pierre-Olivier Gourinchas Jonathan A. Parker	Consumption Over the Life Cycle
w7267	Kristin Forbes Roberto Rigobon	No Contagion, Only Interdependence: Measuring Stock Market Co-movements
w7265	Kenneth Rogoff	International Institutions for Reducing Global Financial Instability
w7263	Qinglai Meng Andres Velasco	Can Capital Mobility be Destabilizing?
w7247	Takatoshi Ito Michael Melvin	Japan's Big Bang and the Transformation of Financial Markets
w7245	Willem H. Buiter Nikolaos Panigirtzoglou	Liquidity Traps: How to Avoid Them and How to Escape Them
w7242	Charles Engel John H. Rogers	Violating the Law of One Price: Should We Make a Federal Case Out of It?
w7233	Sebastian Edwards	Crisis Prevention: Lessons from Mexico and East Asia
w7231	Carlo A. Favero Francesco Giavazzi Luca Flabbi	The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets
w7228	Sebastian Edwards Miguel A. Savastano	Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know?
w7219	Geert Bekaert Campbell R. Harvey Robin L. Lumsdaine	The Dynamics of Emerging Market Equity Flows
w7211	Allan Drazen	Political Contagion in Currency Crises
w7206	Aaron Tornell	Privatizing the Privatized
w7202	Joshua Aizenman Nancy Marion	Reserve Uncertainty and the Supply of International Credit
w7196	Linda S. Goldberg Michael W. Klein	International Trade and Factor Mobility: An Empirical Investigation
w7195	Michael D. Bordo Barry Eichengreen Douglas A. Irwin	Is Globalization Today Really Different than Globalization a Hunderd Years Ago?
w7194	James Levinsohn Steven Berry Jed Friedman	Impacts of the Indonesian Economic Crisis: Price Changes and the Poor
w7177	Lars E.O. Svensson	Monetary Policy Issues for the Eurosystem
w7157	Robert J. Hodrick David Tat-Chee Ng Paul Sengmueller	An International Dynamic Asset Pricing Model
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
w7139	Aaron Tornell	Common Fundamentals in the Tequila and Asian Crises
w7134	Takatoshi Ito	Capital Flows in Asia
w7133	Woochan Kim Shang-Jin Wei	Offshore Investment Funds: Monsters in Emerging Markets?
w7115	Assaf Razin Chi-Wa Yuen	Understanding the "Problem of Economic Development": The Role of Factor Mobility and International Taxation
w7113	Barry Eichengreen Ashoka Mody	Lending Booms, Reserves, and the Sustainability of Short-Term Debt: Inferences from the Pricing of Syndicated Bank Loans
w5960	Maurice Obstfeld Alan M. Taylor	The Great Depression as a Watershed: International Capital Mobility over the Long Run
w7104	Olivier Jeanne Andrew K. Rose	Noise Trading and Exchange Rate Regimes
w7091	Menzie D. Chinn Michael P. Dooley Sona Shrestha	Latin America and East Asia in the Context of an Insurance Model of Currency Crises
w7090	Susanto Basu Alan M. Taylor	Business Cycles in International Historical Perspective
w7077	Richard Clarida Joe Prendergast	Fiscal Stance and the Real Exchange: Some Empirical Estimates
w7067	Charles Engel	On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models
w5445	Geert Bekaert Stephen F. Gray	Target Zones and Exchange Rates: An Empirical Investigation
w7056	Andrew Ang Geert Bekaert	International Asset Allocation with Time-Varying Correlations
w7045	Enrique G. Mendoza Martin Uribe	The Business Cycles of Balance-of-Payment Crises: A Revision of Mundellan Framework
w7043	Ann P. Bartel Ann E. Harrison	Ownership versus Environment: Why are Public Sector Firms Inefficient?
w7042	Anne Krueger Aaron Tornell	The Role of Bank Restructuring in Recovering from Crises: Mexico 1995-98
w7014	Enrique G. Mendoza Martin Uribe	Devaluation Risk and the Syndrome of Exchange-Rate-Based Stabilizations
w7013	Assaf Razin Efraim Sadka	Unskilled Migration: A Burden or a Boon for the Welfare State
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
w6233	Maurice Obstfeld	A Strategy for Launching the Euro
w5497	Michael D. Bordo Tamim Bayoumi	Getting Pegged: Comparing the 1879 and 1925 Gold Resumptions
w4839	Aaron Tornell Philip Lane	Are Windfalls a Curse? A Non-Representative Agent Model of the Current Account and Fiscal Policy
w6968	Woochan Kim Shang-Jin Wei	Foreign Portfolio Investors Before and During a Crisis
w6964	Robert J. Gordon	The Aftermath of the 1992 ERM Breakup: Was There a Macroeconomic Free Lunch?
w6961	Torben Andersen Tim Bollerslev Francis X. Diebold Paul Labys	The Distribution of Exchange Rate Volatility
w6935	Richard Clarida Joe Prendergast	Recent G2 Current Account Imbalances: How Important are Structural Factors?
w6929	Jose M. Campa P.H. Kevin Chang James F. Refalo	An Options-Based Analysis of Emerging Market Exchange Rate Expectations: Brazil's Real Plan, 1994-1997
w6925	Guillermo A. Calvo Carlos A. Vegh	Inflation Stabilization and BOP Crises in Developing Countries
w6907	Martin Feldstein	Self-Protection for Emerging Market Economies
w6889	Giancarlo Corsetti Paolo Pesenti Nouriel Roubini Cedric Tille	Competitive Devaluations: A Welfare-Based Approach
w6886	Benjamin E. Hermalin Andrew K. Rose	Risks to Lenders and Borrowers in International Capital Markets
w6874	David S. Bates	Financial Markets' Assessment of EMU

1998
w6867	Michael B. Devereux Charles Engel	Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime
w6864	Pierre-Olivier Gourinchas	Exchange Rates and Jobs: What Do We Learn from Job Flows?
w6850	P.R. Agenor J. Aizenman A. Hoffmaister	Contagion, Bank Lending Spreads and Output Fluctuations
w6845	Francis X. Diebold Jinyong Hahn Anthony S. Tay	Real-Time Multivariate Density Forecast Evaluation and Calibration: Monitoring the Risk of High-Frequency Returns on Foreign Exchange
w6843	Ricardo J. Caballero Arvind Krishnamurthy	Emerging Market Crises: An Asset Markets Perspective
w6834	Giancarlo Corsetti Paolo Pesenti Nouriel Roubini	What Caused the Asian Currency and Financial Crisis? Part II: The Policy Debate
w6833	Giancarlo Corsetti Paolo Pesenti Nouriel Roubini	What Caused the Asian Currency and Financial Crisis? Part I: A Macroeconomic Overview
w6824	Michael D. Bordo Anna J. Schwartz	Under What Circumstances, Past and Present, Have International Rescues of Countries in Financial Distress Been Successful?
w6821	Barry Eichengreen	Does Mercosur Need a Single Currency
w6802	Andres Velasco Vincenzo Guzzo	The Case for a Populist Banker
w6800	Sebastian Edwards	Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences
w6797	Guy Meredith Menzie D. Chinn	Long-Horizon Uncovered Interest Rate Parity
w6796	Roberto Chang Andres Velasco	The Asian Liquidity Crisis
w6783	Giancarlo Corsetti Paolo Pesenti Nouriel Roubini	Paper Tigers? A Model of the Asian Crisis
w6760	Laurence Ball	Policy Rules for Open Economies
w6758	Craig Burnside Martin Eichenbaum Sergio Rebelo	Prospective Deficits and the Asian Currency Crisis
w6756	Sebastian Edwards	Interest Rate Volatility, Capital Controls, and Contagion
w6749	Jose Manuel Campa Linda S. Goldberg	Employment versus Wage Adjustment and the US Dollar
w6742	Shang-Jin Wei	Currency Hedging and Goods Trade
w6738	Michael D. Bordo Barry Eichengreen Jongwoo Kim	Was There Really an Earlier Period of International Financial Integration Comparable to Today?
w6735	Jeffrey C. Fuhrer Michael W. Klein	Risky Habits: On Risk Sharing, Habit Formation, and the Interpretation of International Consumption Correlations
w6733	Patrick F. Rowland Linda L. Tesar	Multinationals and the Gains from International Diversification
w6730	Takatoshi Ito Yuri Nagatake Sasaki	Impacts of the Basle Capital Standard on Japanese Banks' Behavior
w6705	Gordon M. Bodnar Gunther Gebhardt	Derivatives Usage in Risk Management by US and German Non-Financial Firms: A Comparative Survey
w6704	Philippe Bacchetta Eric Van Wincoop	Does Exchange Rate Stability Increase Trade and Capital Flows?
w6703	Joshua Aizenman	Capital Mobility in a Second Best World -- Moral Hazard With Costly Financial Intermediation
w6694	Maurice Obstfeld Kenneth Rogoff	Risk and Exchange Rates
w6680	Steven Radelet Jeffrey Sachs	The Onset of the East Asian Financial Crisis
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
w6624	John F. Helliwell Ross McKitrick	Comparing Capital Mobility Across Provincial and National Borders
w6623	Peter M. Garber	Derivatives in International Capital Flows
w6619	Peter M. Garber	Notes on the Role of TARGET in a Stage III Crisis
w6612	Alberto Alesina David Dollar	Who Gives Foreign Aid to Whom and Why?
w6606	Roberto Chang Andres Velasco	Financial Crises in Emerging Markets
w6563	Barry Eichengreen Olivier Jeanne	Currency Crisis and Unemployment: Sterling in 1931
w6559	Maurice Obstfeld	The Global Capital Market: Benefactor or Menace?
w6556	Robert P. Inman Daniel L. Rubinfeld	Subsidiarity and the European Union
w6555	William H. Branson Jorge Braga de Macedo Jurgen von Hagen	Macroeconomic Policy and Institutions During the Transition to European Union Membership
w6530	Philippe Bacchetta Eric van Wincoop	Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility
w6516	Sebastian Edwards Miguel A. Savastano	The Morning After: The Mexican Peso in the Aftermath of the 1994 Currency Crisis
w6512	Glenn D. Rudebusch Lars E. O. Svensson	Policy Rules for Inflation Targeting
w6502	Philip R. Lane Aaron Tornell	Why Aren't Savings Rates in Latin America Procyclical?
w6497	Aaron Tornell	Reform from Within
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?
w5135	Assaf Razin Chi-Wa Yuen	Factor Mobility and Income Growth: Two Convergence Hypotheses
w6469	Roberto Chang Andres Velasco	Financial Fragility and the Exchange Rate Regime
w6468	Nouriel Roubini Paul Wachtel	Current Account Sustainability in Transition Economies
w6457	Cevdet Denizer Holger C. Wolf	Household Savings in Transition Economies
w6441	Sebastian Edwards	Capital Inflows into Latin America: A Stop-Go Story?
w6436	Michael D. Bordo Barry Eichengreen	The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary SYstem
w5727	Leonardo Bartolini Allan Drazen	When Liberal Policies Reflect External Shocks, What Do We Learn?
w5433	Assaf Razin Chi-Wa Yuen	Labor Mobility and Fiscal Coordination
w6424	Richard Portes Helene Rey	The Emergence of the Euro as an International Currency
w6408	Barry Eichengreen Ashoka Mody	What Explains Changing Spreads on Emerging-Market Debt: Fundamentals or Market Sentiment?
w6396	Willem H. Buiter	The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs, and Fiscal Theories of the Price Level
w6150	Martin Feldstein	The Political Economy of the European Economic and Monetary Union: Political Sources of an Economic Liability
w5408	Carlo Favero Francesco Giavazzi Luigi Spaventa	High Yields: The Spread on German Interest Rates
w5081	Robert J. Gordon	Is There a Tradeoff between Unemployment and Productivity Growth?
w3603	Maurice Obstfeld	Destabilizing Effects of Exchange-Rate Escape Clauses
w6382	Urban J. Jermann	International Portfolio Diversification and Labor/Leisure Choice
w6380	Robert Flood Nancy Marion	Perspectives on the Recent Currency Crisis Literature
w6370	Barry Eichengreen Andrew K. Rose	Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises
w6369	Rudiger Dornbusch Carlo A. Favero Francesco Giavazzi	The Immediate Challenges for the European Central Bank
w6351	Karen K. Lewis	International Home Bias in International Finance and Business Cycles
w6350	Dani Rodrik	Where Did All The Growth Go? External Shocks, Social Conflict, and Growth Collapses

1997
w6344	Linda S. Goldberg Michael W. Klein	Foreign Direct Investment, Trade and Real Exchange Rate Linkages in Developing Countries.
w6339	Assaf Razin Efraim Sadka Chi-Wa Yuen	Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation
w6338	Assaf Razin Efraim Sadka Chi-Wa Yuen	Channeling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment
w6334	Sebastian Edwards	The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?
w6327	Anne O. Krueger	Whither the World Bank and the IMF?
w6320	Joshua Aizenman Andrew Powell	Volatility and Financial Intermediation
w6311	Alessandro Missale Francesco Giavazzi Pierpaolo Benigno	Managing the Public Debt in Fiscal Stabilizations: The Evidence
w6310	Gian Maria Milesi-Ferrett Assaf Razin	Sharp Reductions in Current Account Deficits: An Empirical Analyis
w6307	Giancarlo Corsetti Paolo Pesenti	Welfare and Macroeconomic Interdependence
w6302	Alan M. Taylor	Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century
w6300	Michael P. Dooley	A Model of Crises in Emerging Markets
w6292	Willem H. Buiter Anne C. Sibert	Transition Issues for the European Monetary Union
w6256	Shang-Jin Wei Jungshik Kim	The Big Players in the Foreign Exchange Market: Do They Trade on Information or Noise?
w6254	Richard Clarida Jordi Gali Mark Gertler	Monetary Policy Rules in Practice: Some International Evidence
w6247	Michael P. Dooley Donald J. Mathieson Liliana Rojas-Suarez	Capital Mobility and Exchange Market Intervention in Developing Countries
w6236	Gerardo della Paolera Alan M. Taylor	Finance and Development in an Emerging Market: Argentina and the Interwar Period
w6224	Gordon M. Bodnar Charles Tang Joseph Weintrop	Both Sides of Corporate Diversification: The Value Impacts of Geographic and Industrial Diversification
w5797	Lars E. O. Svensson	Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets
w6189	Patrick K. Asea Stephen J. Turnovsky	Capital Income Taxation and Risk-Taking in a Small Open Economy
w6180	Atish R. Ghosh Holger C. Wolf	Geographical and Sectoral Shocks in the U.S. Business Cycle
w6179	Jose M. Campa P.H. Kevin Chang Robert L. Reider	Implied Exchange Rate Distributions: Evidence from OTC Option Markets
w6174	Ofair Razin Susan M. Collins	Real Exchange Rate Misalignments and Growth
w6168	Sergio Rebelo	What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)
w6165	Andrew M. Warner	Mexico's 1994 Exchange Rate Crisis Interpreted in Light of the Non-Traded Model
w6163	Alberto Alesina Enrico Spolaore Romain Wacziarg	Economic Integration and Political Disintegration
w6162	Jose M. Campa Holger C. Wolf	Is Real Exchange Rate Mean Reversion Caused By Arbitrage?
w4851	Martin Feldstein	Tax Policy and International Capital Flows
w6115	Michael D. Bordo Ronald MacDonald	Violations of the `Rules of the Game' and the Credibility of the Classical Gold Standard, 1880-1914
w6108	Menzie David Chinn	The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates
w6103	Matthew T. Jones Maurice Obstfeld	Saving, Investment, and Gold: A Reassessment of Historical Current Account Data
w6092	Menzie D. Chinn Michael P. Dooley	Monetary Policy in Japan, Germany and the United States: Does One Size Fit All?
w6089	Paul G. J. O'Connell Shang-Jin Wei	"The Bigger They Are, The Harder They Fall": How Price Differences Across U.S. Cities Are Arbitraged
w6080	Pierre-Richard Agenor Joshua Aizenman	Contagion and Volatility with Imperfect Credit Markets
w5725	Leonardo Bartolini Allan Drazen	Capital Account Liberalization as a Signal
w5251	Lars E.O. Svensson	Optimal Inflation Targets, `Conservative' Central Banks, and Linear Inflation Contracts
w6069	Charles Engel Michael K. Hendrickson John H. Rogers	Intra-National, Intra-Continental, and Intra-Planetary PPP
w6053	Maurice Obstfeld Alan M. Taylor	Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
w5710	Michael D. Bordo Anna J. Schwartz	Why Clashes Between Internal and External Stability Goals End in Currency Crises, 1797-1994
w6030	Shang-Jin Wei	How Taxing is Corruption on International Investors?
t0211	Patrick K. Asea Paul J. Zak	Time-to-Build and Cycles
w6017	Menzie David Chinn	Sectoral Productivity, Government Spending and Real Exchange Rates: Empirical Evidence for OECD Countries
w6011	Kenneth A. Froot Paul G. J. O'Connell	On The Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance
w6007	V. V. Chari Patrick Kehoe	Hot Money
w6005	Andrew Atkeson Patrick Kehoe	Industry Evolution and Transition: A Neoclassical Benchmark
w5991	Karen K. Lewis	Are Countries with Official International Restrictions "Liquidity Constrained?"
w5984	Robin L. Lumsdaine Eswar S. Prasad	Identifying the Common Component in International Economic Fluctuations
w5979	Takatoshi Ito Peter Isard Steven Symansky	Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia
w5978	Sebastian Edwards	Openness, Productivity and Growth: What Do We Really Know?
w5977	Sebastian Edwards Carlos A. Vegh	Banks and Macroeconomics Disturbances under Predetermined Exchange Rates
w5975	Robert C. Feenstra Andrew K. Rose	Putting Things in Order: Patterns of Trade Dynamics and Growth
w5974	Jose M. Campa P. H. Kevin Chang	The Forecasting Ability of Correlations Implied in Foreign Exchange Options
w5968	Anne O. Krueger	Nominal Anchor Exchange Rate Policies as a Domestic Distortion
w5965	Joshua Aizenman	International Portfolio Diversification with Generalized Expected Utility Preferences
w5791	Gian Maria Milesi-Ferrett Assaf Razin	Current Account Sustainability: Selected East Asian and Latin American Experiences
w5943	Yin-Wong Cheung Menzie D. Chinn	Integration, Cointegration and the Forecast Consistency of Structural Exchange Rate Models
w5936	Takatoshi Ito Richard K. Lyons Michael T. Melvin	Is There Private Information in the FX Market? The Tokyo Experiment
w5925	Guillermo A. Calvo Allan Drazen	Uncertain Duration of Reform: Dynamic Implications
w5919	Jose Campa Linda S. Goldberg	The Evolving External Orientation of Manufacturing Industries: Evidence from Four Countries
w5285	Maurice Obstfeld	Models of Currency Crises with Self-Fulfilling Features
w5905	Dani Rodrik	Trade, Social Insurance, and the Limits to Globalization
w5904	Gordon M. Bodnar Joseph Weintrop	The Valuation of the Foreign Income of U.S. Multinational Firms: A Growth Opportunities Perspective
w5896	Anne O. Krueger	Trade Policy and Economic Development: How We Learn
w5892	Allan Drazen	Policy Signaling in the Open Economy: A Re-Examination
w5890	Allan Drazen	Towards a Political-Economic Theory of Domestic Debt
w5883	Michael D. Bordo Barry Eichengreen	Implications of the Great Depression for the Development of the International Monetary System
w5882	Willem H. Buiter Ricardo Lago Helene Rey	A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies
w5877	Paul Soderlind Lars E. O. Svensson	New Techniques to Extract Market Expectations from Financial Instruments
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
w5862	Pinelopi K. Goldberg Michael M. Knetter	Goods Prices and Exchange Rates: What Have We Learned?
w5861	Simon Burgess Michael M. Knetter	An International Comparison of Employment Adjustment to Exchange Rate Fluctuations
w5853	Alessandra Casella	Product Standards Coalitions in a Market Without Borders
w5850	Assaf Razin Efraim Sadka	Tax Burden and Migration: A Political Economy Perspective
w5467	Gian Maria Milesi-Ferrett Assaf Razin	Sustainability of Persistent Current Account Deficits
w5842	Andres Velasco	When Are Fixed Exchange Rates Really Fixed?
w5839	Hans-Werner Sinn	International Implications of German Unification
w5814	Menzie D. Chinn William F. Maloney	Financial and Capital Account Liberalization in the Pacific Basin: Korea and Taiwan during the 1980's
w5312	Charles Engel	The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence
t0206	Yin-Wong Cheung Menzie D. Chinn	Further Investigation of the Uncertain Unit Root in GNP
w5794	Sebastian Edwards	A Tale of Two Crises: Chile and Mexico
w5789	Robert P. Flood Nancy P. Marion	Speculative Attacks: Fundamentals and Self-Fulfilling Prophecies
w5784	Paolo Pesenti Eric van Wincoop	Do Nontraded Goods Explain the Home Bias Puzzle?
w5332	Francesco Giavazzi Marco Pagano	Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience
w5215	John F. Helliwell	Do National Borders Matter for Quebec's Trade?
w4834	Charles Engel Craig S. Hakkio	The Distribution of Exchange Rates in the EMS
w5777	Charles Engel Chang-Jin Kim	The Long-Run U.S./U.K. Real Exchange Rate
w5772	Mats Persson Torsten Persson Lars E. O. Svensson	Debt, Cash Flow and Inflation Incentives: A Swedish Example
w5766	Charles Engel	A Model of Foreign Exchange Rate Indetermination
w5756	Sebastian Edwards	The Determinants of the Choice between Fixed and Flexible Exchange-Rate Regimes
w5743	Alan M. Taylor	International Capital Mobility in History: The Saving-Investment Relationship
w5742	Alan M. Taylor	International Capital Mobility in History: Purchasing-Power Parity in the Long Run
w5732	Jeffrey A. Frankel David Romer Teresa Cyrus	Trade and Growth in East Asian Countries: Cause and Effect?
w5719	Lars E. O. Svensson	Price Level Targeting vs. Inflation Targeting: A Free Lunch?
w5714	Jeffrey A. Frankel Sergio L. Schmukler	Country Fund Discounts, Asymmetric Information and the Mexican Crisis of 1994: Did Local Residents Turn Pessimistic Before International Investors?
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
w5681	Barry Eichengreen Andrew K. Rose Charles Wyplosz	Contagious Currency Crises
w5678	Fernando Alvarez Andrew Atkeson	Money and Exchange Rates in the Grossman-Weiss-Rotemberg Model
w5676	Matthew B. Canzoneri Robert E. Cumby Behzad Diba	Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries
w5675	Robert E. Cumby	Forecasting Exchange Rates and Relative Prices with the Hamburger Standard: Is What You Want What You Get With McParity?
w5654	David C. Parsley Shang-Jin Wei	Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations
w5646	Charles Engel	Long-Run PPP May Not Hold After All
w5623	David Backus Silverio Foresi Chris Telmer	Affine Models of Currency Pricing
w5582	Richard E. Baldwin Elena Seghezza	Trade-Induced Investment-led Growth
w5581	Richard Clarida Mark Gertler	How the Bundesbank Conducts Monetary Policy
w5576	Jeffrey Sachs Aaron Tornell Andres Velasco	Financial Crises in Emerging Markets: The Lessons from 1995
w5573	Rudi Dornbusch	Debt and Monetary Policy: The Policy Issues
w5563	Jeffrey Sachs Aaron Tornell Andres Velasco	The Mexican Peso Crisis: Sudden Death or Death Foretold?
w4642	Michael D. Bordo Dominique Simard Eugene White	France and the Bretton Woods International Monetary System: 1960-1968
w5549	Richard E. Baldwin Rikard Forslid	Trade Liberalization and Endogenous Growth: A q-Theory Approach
w5537	Dani Rodrik	Why Do More Open Economies Have Bigger Governments?
w5532	Torsten Persson Guido Tabellini	Monetary Cohabitation in Europe
w5531	Shang-Jin Wei	Intra-National versus International Trade: How Stubborn are Nations in Global Integration?
w5530	Pierre-Olivier Gourinchas Aaron Tornell	Exchange Rate Dynamics and Learning
w5028	Assaf Razin Chi-Wa Yuen	Capital Income Taxation and Long Run Growth: New Perspectives
w4952	Kenneth A. Froot Kenneth Rogoff	Perspectives on PPP and Long-Run Real Exchange Rates
w4893	Maurice Obstfeld Kenneth Rogoff	The Intertemporal Approach to the Current Account
w3796	Assaf Razin Efraim Sadka	Vanishing Tax on Capital Income in the Open Economy
w5518	Richard C. Marston	The Effects of Industry Structure on Economic Exposure
w5517	Barry Eichengreen Jurgen von Hagen	Fiscal Policy and Monetary Union: Is There a Tradeoff between Federalism and Budgetary Restrictions?
w5513	Assaf Razin Efraim Sadka Chi-Wa Yuen	Tax Principles and Capital Inflows: Is It Efficient to Tax Nonresident Income?
w5486	Harold L. Cole Patrick J. Kehoe	Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
w5476	Jeffrey A. Frankel David Romer	Trade and Growth: An Empirical Investigation
w5472	Antonio Spilimbergo Ernesto Stein	The Welfare Implications of Trading Blocs among Countries with Different Endowments
w4693	Maurice Obstfeld Kenneth Rogoff	Exchange Rate Dynamics Redux
w3870	Richard A. Jensen Marie Thursby	Patent Races, Product Standards, and International Competition
w5452	Michael Bruno William Easterly	Inflation's Children: Tales of Crises that Beget Reforms
w5431	Jeffrey A. Frankel Ernesto Stein Shang-Jin Wei	Regional Trading Arrangement: Natural or Super-Natural?
w5422	Jeffrey A. Frankel	How Well do Foreign Exchange Markets Function: Might a Tobin Tax Help?
w5407	Sebastian Edwards	Public Sector Deficits and Macroeconomic Stability in Developing Countries
w5404	Jeffrey D. Sachs	Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences

1995
w5398	Jeffrey D. Sachs Andrew M. Warner	Natural Resource Abundance and Economic Growth
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
w5377	Alan V. Deardorff	Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World?
w5376	Graham Elliott Takatoshi Ito	Heterogeneous Expectations and Tests of Efficiency in the Yen/Dollar Forward Foreign Exchange Rate Market
w5369	Raquel Fernandez Richard Rogerson	Education Finance Reform and Investment in Human Capital: Lessons from California
w5358	Takatoshi Ito Tokuo Iwaisako	Explaining Asset Bubbles in Japan
w5352	Michael P. Dooley	A Survey of Academic Literature on Controls over International Capital Transactions
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
w5322	Aaron Tornell Gerardo Esquivel	The Political Economy of Mexico's Entry to NAFTA
w5329	Andrew Atkeson Jose-Victor Rios-Rull	The Balance of Payments and Borrowing Constraints: An Alternative View of the Mexican Crisis
w5323	Eli Bartov Gordon M. Bodnar Aditya Kaul	Exchange Rate Variability and the Riskiness of U.S. Multinational Firms:Evidence from the Breakdown of the Bretton Woods System
w5318	Robert P. Flood Peter M. Garber Charles Kramer	Collapsing Exchange Rate Regimes: Another Linear Example
w5317	Gian Maria Milesi-Ferrett Nouriel Roubini	Growth Effects of Income and Consumption Taxes: Positive and Normative Analysis
w5313	Nouriel Roubini Vittorio Grilli	Liquidity Models in Open Economies: Theory and Empirical Evidence
w5309	Elhanan Helpman	Politics and Trade Policy
w5308	Peter Boone	Politics and the Effectiveness of Foreign Aid
w5300	Aaron Tornell Andres Velasco	Money-Based versus Exchange Rate-Based Stabilization with Endogenous Fiscal Policy
w5289	Karen K. Lewis	Stochastic Regime Switching and Stabilizing Policies within Regimes
w4924	Kenneth A. Froot James R. Hines Jr.	Interest Allocation Rules, Financing Patterns, and the Operations of U.S. Multinationals
w3685	Andrew K. Rose Lars E.O. Svensson	Expected and Predicted Realignments: The FF/DM Exchange Rate During the EMS
w5280	Menzie Chinn Michael Dooley	"Asia-Pacific Capital Markets: Measurement of Integration and the Implications for Economic Activity"
w5039	Jeffrey D. Sachs Andrew M. Warner	Economic Convergence and Economic Policies
w5239	Assaf Razin Chi-Wa Yuen	Can Capital Controls Alter the Inflation-Unemployment Tradeoff?
w5220	Paul Krugman Anthony J. Venables	The Seamless World: A Spatial Model of International Specialization
w5219	Andrew K. Rose	After the Deluge: Do Fixed Exchange Rates Allow Inter-Temporal Volatility Tradeoffs?
w5209	Michael Bruno William Easterly	Inflation Crises and Long-Run Growth
w5207	Jonathan Eaton Samuel Kortum	Engines of Growth: Domestic and Foreign Sources of Innovation
w5203	Karen K. Lewis	What Can Explain the Apparent Lack of International Consumption Risk Sharing?
w5197	Sergio Rebelo Carlos A. Vegh	Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories
w5191	Maurice Obstfeld Kenneth Rogoff	The Mirage of Fixed Exchange Rates
w5187	Linda Goldberg Rafael Tenorio	Strategic Trading in a Two-Sided Foreign Exchange Auction
w5186	Daniel Feenberg Jeffrey A. Miron	Improving the Accessibility of the NBER's Historical Data
w5175	Marianne Baxter Urban J. Jermann Robert G. King	Nontraded Goods, Nontraded Factors, and International Non-Diversification
w4963	Michael P. Dooley	A Retrospective on the Debt Crisis
w4334	Assaf Razin	The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence
w4050	Jeffrey A. Frankel	Is Japan Creating a Yen Bloc in East Asia and the Pacific?
w5160	Dani Rodrik	Why is there Multilateral Lending?
w5156	Jeffrey A. Frankel Chudozie Okongwu	Liberalized Portfolio Capital Inflows in Emerging Capital Markets: Sterilization, Expectations, and the Incompleteness of Interest Rate Convergence
w5142	Jeffrey Sachs Aaron Tornell Andres Velasco	The Collapse of the Mexican Peso: What Have We Learned?
w5140	Willem H. Buiter Giancarlo Corsetti Paolo A. Pesenti	A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
w5139	Jose Campa Linda S. Goldberg	Investment, Pass-Through and Exchange Rates: A Cross-Country Comparison
w4903	Assaf Razin Efraim Sadka	Resisting Migration: The Problems of Wage Rigidity and the Social Burden
w3566	Alan C. Stockman Linda L. Tesar	Tastes and Technology in a Two-Country Model of the Business Cycle: Explaining International Comovements
w5132	Kenneth A. Froot Michael Kim Kenneth Rogoff	The Law of One Price Over 700 Years
w5131	Jonathan Eaton Raquel Fernandez	Sovereign Debt
w5120	Willem H. Buiter Kenneth M. Kletzer	Capital Mobility, Fiscal Policy and Growth under Self-Financing of Human Capital Formation
w5115	Tamim Bayoumi Michael W. Klein	A Provincial View of Capital Mobility
w5108	Aaron Tornell Andres Velasco	Fixed versus Flexible Exchange Rates: Which Provides More Fiscal Discipline?
w5098	Paul Krugman Anthony J. Venables	Globalization and the Inequality of Nations
w5097	Sebastian Edwards	Why are Saving Rates so Different Across Countries?: An International Comparative Analysis
w5096	Robert C. Merton	Financial Innovation and the Management and Regulation of Financial Institutions
w5086	Enrique G. Mendoza Linda L. Tesar	Supply-Side Economics in a Global Economy
w5084	Anne O. Krueger	Free Trade Agreements versus Customs Unions
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
t0179	Charles Goodhart Takatoshi Ito Richard Payne	One Day in June, 1994: A Study of the Working of Reuters 2000-2 Electronic Foreign Exchange Trading System
w4633	Lars E.O. Svensson	Monetary Policy with Flexible Exchange Rates and Forward Interest Rates as Indicators
w5032	Shang-Jin Wei David C. Parsley	Purchasing Power Disparity During the Floating Rate Period: Exchange Rate Volatility, Trade Barriers and Other Culprits
w5025	Marianne Baxter	International Trade and Business Cycles
w5019	Marianne Baxter Urban J. Jermann	The International Diversification Puzzle is Worse Than You Think
w5006	Jeffrey A. Frankel Andrew K. Rose	A Panel Project on Purchasing Power Parity: Mean Reversion Within and Between Countries
w3779	Assaf Razin Efraim Sadka	International Fiscal Policy Coordination and Competition: An Exposition
w4992	Alberto Alesina Roberto Perotti	Economic Risk and Political Risk in Fiscal Unions
w4985	Lars E.O. Svensson	The Swedish Experience of an Inflation Target
w4984	Richard K. Lyons	Foreign Exchange Volume: Sound and Fury Signifying Nothing?
w4982	Richard K. Lyons Andrew K. Rose	Explaining Forward Exchange Bias..Intraday

1994
w4975	Marianne Baxter Mario J. Crucini	Business Cycles and the Asset Structure of Foreign Trade
w4971	Peter M. Garber Lars E.O. Svensson	The Operation and Collapse of Fixed Exchange Rate Regimes
w4964	Dani Rodrik	Getting Interventions Right: How South Korea and Taiwan Grew Rich
w4959	Garey Ramey Valerie A. Ramey	Cross-Country Evidence on the Link Between Volatility and Growth
w4957	Robert Flood Nancy Marion	The Size and Timing of Devaluations in Capital-Controlled Developing Countries
w4951	Karen K. Lewis	Puzzles in International Financial Markets
w4590	Jeffrey A. Frankel	The Internationalization of Equity Markets
w3807	Menzie Chinn Jeffrey Frankel	Patterns in Exchange Rate Forecasts for 25 Currencies
w3141	Magnus Blomstrom Edward N. Wolff	Multinational Corporations and Productivity Convergence in Mexico
w4928	Robert P. Flood Andrew K. Rose	Fixes: Of The Forward Discount Puzzle
w4923	Richard C. Marston	Tests of Three Parity Conditions: Distinguishing Risk Premia and Systematic Forecast Errors
w4308	Maurice Obstfeld	Are Industrial-Country Consumption Risks Globally Diversified?
w4898	Barry Eichengreen Andrew K. Rose Charles Wyplosz	Speculative Attacks on Pegged Exchange Rates: An Empirical Exploration with Special Reference to the European Monetary System
w4894	Michael M. Knetter	Why are Retail Prices in Japan so High?: Evidence from German Export Prices
w4892	Alan M. Taylor	Domestic Saving and International Capital Flows Reconsidered
w4888	James H. Stock Martin Feldstein	Measuring Money Growth When Financial Markets Are Changing
w4882	Nouriel Roubini Gian Maria Milesi-Ferrett	Optimal Taxation of Human and Physical Capital in Endogenous Capital Models
w4881	Nouriel Roubini Gian Maria Milesi-Ferrett	Taxation and Endogenous Growth in Open Economies
w4873	Jose De Gregorio Federico Sturzenegger	Credit Markets and the Welfare Costs of Inflation
w3931	Bernard Dumas Lars E.O. Svensson	How Long do Unilateral Target Zones Last?
w4871	Lars E.O. Svensson	Estimating and Interpreting Forward Interest Rates: Sweden 1992 - 1994
w4865	Jeffrey A. Frankel Andrew K. Rose	A Survey of Empirical Research on Nominal Exchange Rates
w4850	Robert Flood Michael Mussa	Issues Concerning Nominal Anchors for Monetary Policy
w4640	Maurice Obstfeld	The Logic of Currency Crises
w4504	Lars E.O. Svensson	Fixed Exchange Rates as a Means to Price Stability: What Have We Learned
w4837	Joshua Aizenman Ricardo Hausmann	Why is Inflation Skewed? A Debt and Volatility Story
w4829	Charles Engel John H. Rogers	How Wide is the Border?
w4815	Linda S. Goldberg Charles D. Kolstad	Foreign Direct Investment, Exchange Rate Variability and Demand Uncertainty
w4233	Bennett McCallum	Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies
w4214	Assaf Razin Chi-Wa Yuen	Convergence in Growth Rates: The Role of Capital Mobility and International Taxation
w4208	Assaf Razin Andrew Rose	Business Cycle Volatility and Openness: An Exploratory Cross-Section Analysis
w3610	Robert C. Feenstra	New Goods and Index Numbers: U.S. Import Prices
w4809	Graciela L. Kaminsky Michael Klein	The Real Exchange Rate and Fiscal Policy During the Gold Standard PeriodEvidence from the United States and Great Britain
w4807	Jose De Gregorio Holger C. Wolf	Terms of Trade, Productivity, and the Real Exchange Rate
w4806	Atish R. Ghosh Holger C. Wolf	Pricing in International Markets: Lessons From The Economist
w4805	Atish R. Ghosh Holger C. Wolf	How Many Monies? A Genetic Approach to Finding Optimum Currency Areas
w4801	Michael R. Darby	Over-the-Counter Derivatives and Systemic Risk to the Global Financial System
w4796	Roger H. Gordon A. Lans Bovenberg	Why is Capital so Immobile Internationally?: Possible Explanations and Implications for Capital Income Taxation
w4793	Michael P. Dooley Kenneth M. Kletzer	Capital Flight, External Debt and Domestic Policies
w4792	Michael P. Dooley Eduardo Fernandez-Arias Kenneth M. Kletzer	Recent Private Capital Inflows to Developing Countries: Is the Debt Crisis History?
w4113	Bennett T. McCallum	A Reconsideration of the Uncovered Interest Parity Relationship
w4772	Sebastian Edwards	Trade and Industrial Policy Reform in Latin America
w4245	John F. Helliwell	International Growth Linkages: Evidence from Asia and the OECD
w4207	Lars E.O. Svensson	Why Exchange Rate Bands? Monetary Independence in Spite of Fixed Exchange Rates
w4738	David C. Parsley Shang-Jin Wei	Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade
w4737	Shang-Jin Wei	Anticipations of Foreign Exchange Volatility and Bid-Ask Spreads
w4210	Charles Engel	Can the Markov Switching Model Forecast Exchange Rates?
w4697	Sebastian Edwards	Macroeconomic Stabilization in Latin America: Recent Experience and SomeSequencing Issues
w4694	Alessandra Casella Barry Eichengreen	Can Foreign Aid Accelerate Stabilization?
w4340	Richard M. Levich Lee R. Thomas	Internationally Diversified Bond Portfolios: The Merits of Active Currency Risk Management
w4231	Charles Engel	Real Exchange Rates and Relative Prices: An Empirical Investigation
w3818	Richard M. Levich Lee R. Thomas	The Significance of Technical Trading-Rule Profits in the Foreign Exchange Market: A Bootstrap Approach
w3662	Shula Pessach Assaf Razin	Targeting the Exchange Rate: An Empirical Investigation
w3412	Magnus Blomstrom Robert E. Lipsey	Foreign Firms and Export Performance in Developing Countries: Lessons from the Debt Crisis
w2054	Charles Engel Anthony P. Rodrigues	A Test of International CAPM
w4661	Sebastian Edwards Fernando J. Losada	Fixed Exchange Rates, Inflation and Macroeconomic Discipline
w4658	Richard Clarida Jordi Gali	Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks?
w4657	Bernard Dumas	A Test of the International CAPM Using Business Cycles Indicators as Instrumental Variables
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
w4651	Michael W. Klein Nancy P. Marion	Explaining the Duration of Exchange-Rate Pegs
w3819	Jeffrey Frankel Steven Phillips	The European Monetary System: Credible at Last?
w3795	Lars E.O. Svensson	Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the ERM 1979-1992
w3539	Jeffrey A. Frankel	The Making of Exchange Rate Policy in the 1980s
w3299	Kathryn M. Dominguez Jeffrey Frankel	Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectations Effects for the Mark
w4630	Andrew K. Rose	Exchange Rate Volatility, Monetary Policy, and Capital Mobility: Empirical Evidence on the Holy Trinity
w4611	Linda L. Tesar Ingrid M. Werner	International Equity Transactions and U.S. Portfolio Choice
t0152	Kenneth D. West Dongchul Cho	The Predictive Ability of Several Models of Exchange Rate Volatility

1993
w2760	Irving B. Kravis Robert E. Lipsey	The Effect of Multinational Firms' Operations on Their Domestic Employment
w4604	Lars E.O. Svensson	The Simplest Test of Inflation Target Credibility
w4598	Charles Engel	Tests of CAPM on an International Portfolio of Bonds and Stocks
w4595	Wayne E. Ferson Campbell R. Harvey	An Exploratory Investigation of the Fundamental Determinants of National Equity Market Returns
w4592	Takatoshi Ito Wen-Ling Lin	Price Volatility and Volume Spillovers between the Tokyo and New York Stock Markets
w4579	Stijn Claessens Moon-Whoan Rhee	The Effect of Equity Barriers on Foreign Investment in Developing Countries
w4571	Gikas A. Hardouvelis Rafael La Porta Thierry A. Wizman	What Moves the Discount on Country Equity Funds?
w4553	David K. Backus	The Japanese Trade Balance: Recent History and Future Prospects
w4545	Takatoshi Ito	Short-run and Long-run Expectations of the Yen/Dollar Exchange Rate
w4544	Lars E.O. Svensson	Term, Inflation, and Foreign Exchange Risk Premia: A Unified Treatment
w4532	Kathryn M. Dominguez	Does Central Bank Intervention Increase the Volatility of Foreign Exchange Rates?
w4522	Bernard Dumas L. Peter Jennergren Bertil Naslund	Currency Option Pricing in Credible Target Zones
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
w4310	Michael Bordo	The Gold Standard, Bretton Woods and other Monetary Regimes: An Historical Appraisal
w4511	Sebastian Edwards	Trade Policy, Exchange Rates and Growth
w4506	Richard H. Clarida	International Capital Mobility, Public Investment and Economic Growth
w4503	Robert P. Flood Andrew K. Rose	Fixing Exchange Rates: A Virtual Quest for Fundamentals
w4500	Philip L. Brock Stephen J. Turnovsky	The Dependent Economy Model with Both Traded and Non-Traded Capital Goods
w4495	Andrew K. Rose Lars E.O. Svensson	European Exchange Rate Credibility Before the Fall
w4493	David Backus Patrick J. Kehoe Finn E. Kydland	International Business Cycles: Theory and Evidence
w4478	Paul Krugman Robert Lawrence	Trade, Jobs, and Wages
w4471	Richard K. Lyons	Tests of Microstructural Hypotheses in the Foreign Exchange Market
w4467	Richard K. Lyons	Optimal Transparency in a Dealership Market with an Application to Foreign Exchange
w4459	Bernard Dumas Bruno Solnik	The World Price of Foreign Exchange Risk
w4458	Bernard Dumas L. Peter Jennergren Bertil Naslund	Realignment Risk and Currency Option Pricing in Target Zones
w4451	Dani Rodrik	Do Low-Income Countries have a High-Wage Option?
w4448	Allan Drazen Paul R. Masson	Credibility of Policies versus Credibility of Policymakers
w4446	Bernard Dumas	Partial- Vs. General-Equilibrium Models of the International Capital Market
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
w4422	Michael Bruno	Inflation and Growth in an Integrated Approach
w4419	Dani Rodrik	Trade Liberalization in Disinflation
w4410	Allan W. Kleidon Ingrid M. Werner	Round-the-clock Trading: Evidence from U.K. Cross-Listed Securities
w3916	Stephen J. Turnovsky	The Impact of Terms of Trade Shocks on a Small Open Economy: A Stochastic Analysis
w4378	Jose Campa Linda S. Goldberg	Investment in Manufacturing, Exchange-Rates and External Exposure
w4377	Karen K. Lewis	Are Forign Exchange Intervention and Monetary Policy Related and Does it Really Matter?
w4361	Barry Eichengreen	The Endogeneity of Exchange Rate Regimes
w4355	Kenneth A. Froot	Currency Hedging over Long Horizons
w4353	Alberto Alesina Vittorio Grilli Gian Maria Milesi-Ferrett	The Political Economy of Capital Controls
w3953	Joshua Aizenman	Exchange Rate Flexibility, Volatility, and the Patterns of Domestic and Foreign Direct Investment
w4351	Anne O. Krueger Roderick Duncan	The Political Economy of Controls: Complexity
w4350	Alberto Alesina Vittorio Grilli	On the Feasibility of a One or Multi-Speed European Monetary Union
w4336	Assaf Razin Chi-Wa Yuen	Convergence in Growth Rates: A Quantitative Assessment of the Role of Capital Mobility and International Taxation
w4335	Jeffrey A. Frankel Shang-Jin Wei	Emerging Currency Blocs
w4325	Martin Feldstein	The Dollar and the Trade Deficit in the 1980s: A Personal View
w4320	Sebastian Edwards	Exchange Rates, Inflation and Disinflation: Latin American Experiences
w4319	Sebastian Edwards	The Political Economy of Infaliton and Stabilization in Developing Countries
w4298	Graciela Kaminsky Karen K. Lewis	Does Foriegn Exchange Intervention Signal Future Monetary Policy
w4291	Zhaohui Chen Alberto Giovannini	The Determinants of Realignment Expectations Under the EMS: Some Empirical Regularities
w4033	Michael D. Bordo	The Bretton Woods International Monetary System: An Historical Overview
w3670	Kathryn M. Dominguez Peter B. Kenen	Intramarginal Intervention in the EMS and the Target-Zone Model of Exchange-Rate Behavior
w4271	Martin Eichenbaum Charles L. Evans	Some Empirical Evidence on the Effects of Monetary Policy Shocks on Exchange Rates
w3943	Maurice Obstfeld	The Adjustment Mechanism

1992
w4246	Sebastian Edwards	Exchange Rates as Nominal Anchors
w4242	David Backus Patrick J. Kehoe Finn E. Kydland	Dynamics of the Trade Balance and the Terms of Trade: The S-Curve
w4238	Raul Livas Elizondo Paul Krugman	Trade Policy and the Third World Metropolis
w4232	Alberto Giovannini Bart Turtelboom	Currency Substitution
w3747	Jeffrey Frankel Scott Erwin Katharine Rockett	A Note on Internationally Coordinated Policy Packages Intended to be Robust Under Model Uncertainty
w4218	Linda L. Tesar Ingrid M. Werner	Home Bias and the High Turnover
w4217	Rene M. Stulz Walter Wasserfallen	Foreign Equity Investment Restrictions and Shareholder Wealth Maximization
w2933	Irving B. Kravis Robert E. Lipsey	Technological Characteristics of Industries and the Competitiveness of the U.S. and its Multinational Firms
t0128	Kenneth D. West Hali J. Edison Dongchul Cho	A Utility Based Comparison of Some Models of Exchange Rate Volatility
w4192	Michael W. Klein Eric Rosengren	The Real Exchange Rate and Foreign Direct Investment in the United States: Relative Wealth vs. Relative Wage Effects
w4184	Federico Sturzenegger	Hyperinflation with Currency Substitution: Introducing an Indexed Currency
w4183	Michael Dooley Peter Isard Mark Taylor	Exchange Rates, Country Preferences, and Gold
w4173	Alberto Alesina Sule Ozler Nouriel Roubini Phillip Swagel	Political Instability and Economic Growth
w4172	Michael Dooley Mark R. Stone	Endogenous Creditor Seniority and External Debt Values
w4170	Michael M. Knetter	Is Price Adjustment Asymmetric?: Evaluating the Market Share and Marketing Bottlenecks Hypothesis
w4169	Tamim Bayoumi Barry Eichengreen	Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float: An Impulse-Response Analysis
w4167	Richard C. Marston	Determinants of Shrt-Term Real Interest Differentials Between Japan and the United States
w4165	Michael W. Klein	The Accuracy of Reports of Foreign Exchange Intervention
w3504	Takatoshi Ito Robert F. Engle Wen-Ling Lin	Where Does the Meteor Shower Come From? The Role of Stochastic Policy Coordination
w4153	Linda S. Goldberg Il'dar Karimov	Black-Markets for Currency, Hoarding Activity and Currency Reform
w4151	Michael M. Knetter	Exchange Rates and Corporate Pricing Strategies
w4141	Barry Eichengreen	Three Perspectives on the Bretton Woods System
w4140	Reuven Glick Kenneth Rogoff	Global Versus Country-Specific Productivity Shocks and the Current Account
w3790	Geert Bekaert Robert J. Hodrick	Characterizing Predictable Components in Excess Returns on Equity and Foreign Exchange Markets
w4127	Alan C. Stockman	International Transmission Under Bretton Woods
w4123	Joseph E. Gagnon Michael M. Knetter	Markup Adjustment and Exchange Rate Fluctuations: Evidence From Panel Data on Automobile Exports
w4119	Kenneth Rogoff	Traded Goods Consumption Smoothing and the Random Walk Behavior of the Real Exchange Rate
w4116	Martin D. Evans Karen K. Lewis	Trends in Expected Returns in Currency and Bond Markets
w2958	Magnus Blomstrom Jian-Ye Wang	Foreign Investment and Technology Transfer: A Simple Model
w4103	Federico Sturzenegger	Inflation and Social Welfare in a Model With Endogenous Financial Adaptation
w3287	Willem H. Buiter Urjit R. Patel	Debt, Deficits and Inflation: An Application to the Public Finances of India
w3137	Michael P. Dooley Elhanan Helpman	Tax Credits for Debt Reduction
w2835	Kenneth A. Froot Maurice Obstfeld	Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach
r1726	Albert Ando Flint Brayton Arthur Kennickell	Reappraisal of the Phillips Curve and Direct Effects of Money Supply on Inflation
w4084	Kenneth A. Froot David S. Scharfstein Jeremy C. Stein	Risk Management: Coordinating Corporate Investment and Financing Policies
w4068	Susan M. Collins	The Expected Timing of EMS Realignments: 1979-83
w3497	Sebastian Edwards	Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries
w3493	Sebastian Edwards Guido Tabellini	Explaining Fiscal Policies and Inflation in Developing Countries
w3442	Robert E. Lipsey Linda Molinari Irving B. Kravis	Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods
w2937	Joshua Aizenman	The Competitive Externalities and the Optimal Seignorage
w2907	Sebastian Edwards Jonathan Ostry	Terms of Trade Disturbances, Real Exchange Rates and Welfare: The Role of Capital Controls and Labor Market Distortions
w2714	Robert E. Lipsey Guy V.G. Stevens	Interactions between Domestic and Foreign Investment
w4057	Susan M. Collins Francesco Giavazzi	Attitudes Towards Inflation and the Viability of Fixed Exchange Rates: Evidence From the EMS
w4053	Richard C. Marston	Interest Differentials Under Fixed and Flexible Exchange Rates: The Effects of Capital Controls and Exchange Risk
w4047	Sebastian Edwards Julio A. Santaella	Devaluation Controversies in the Developing Countries: Lessons From the Bretton Woods Era
w3738	Leonardo Leiderman Assaf Razin	Determinants of External Imbalances: The Role Taxes, Government Spending and Productivity
w3304	Irving B. Kravis Robert E. Lipsey	The International Comparison Program: Current Status and Problems
w4040	Linda S. Goldberg	Moscow Black Markets and Official Markets for Foreign Exchange: How Much Flexiblity in Flexible Rates?
w4017	David Folkerts-Landau Peter M. Garber	The Private ECU: A Currency Floating on Gossamer Wings
w4016	David Folkerts-Landau Peter M. Garber	The European Central Bank: A Bank or a Monetary Policy Rule
w4011	Philip L. Brock Stephen J. Turnovsky	The Growth and Welfare Consequences of Differential Tariffs With Endogenously-Supplied Capital and Labor
w4007	Ishac Diwan Dani Rodrik	Debt Reduction, Adjustment Lending, and Burden Sharing
w4006	Eliana Cardoso	Inflation and Poverty
w3615	Magnus Blomstrom	Host Country Benefits of Foreign Investment
w2750	James M. Boughton William H. Branson	Commodity Prices as a Leading Indicator of Inflation
w4003	Martin D. Evans Karen K. Lewis	Peso Problems and Heterogeneous Trading: Evidence From Excess Returns in Foreign Exchange and Euromarkets
w4001	Alberto Giovannini	Bretton Woods and Its Precursors: Rules Versus Discretion in the History of International Monetary Regimes
w3991	Edward E. Leamer	Wage Effects of A U.S. - Mexican Free Trade Agreement
w3496	William H. Branson Dwight M. Jaffee	The Globalization of Information and Capital Mobility
w2914	Kenneth A. Froot Jeremy C. Stein	Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach
w3966	Martin Feldstein	The Budget and Trade Deficits Aren't Really Twins
w3961	Sule Ozler Harry Huizinga	Bank Exposure, Capital and Secondary Market Discounts on the Developing Country Debt
w3960	Sule Ozler Dani Rodrik	External Shocks, Politics and Private Investment: Some Theory and Empirical Evidence
w3959	Sule Ozler	Have Commercial Banks Ignored History?
w3957	Edward E. Leamer	Testing Trade Theory
w3955	Zhaohui Chen Alberto Giovannini	Estimating Expected Exchange Rates Under Target Zones
w3951	Kathryn M. Dominguez	The Role of International Organizations in the Bretton Woods System
w3950	Tamim Bayoumi Barry Eichengreen	Is There a Conflict Between EC Enlargement and European Monetary Unification?
w3949	Tamim Bayoumi Barry Eichengreen	Shocking Aspects of European Monetary Unification
w3947	Dani Rodrik	The Rush to Free Trade in the Developing World: Why So Late? Why Now? Will it Last?
w3946	Joseph E. Gagnon Andrew K. Rose	How Pervasive is the Product Cycle? The Empirical Dynamics of American and Japanese Trade Flows
w3594	Luis A. Rivera-Batiz Paul M. Romer	International Trade with Endogenous Technological Change
w3164	Martin Feldstein Philippe Bacchetta	National Saving and International Investment
w3098	Paul M. Romer	Increasing Returns and New Developments in the Theory of Growth

1991
w3623	Robert E. Lipsey	Foreign Direct Investment in the U.S. and U.S. Trade
w3590	Frederick D.S. Choi Richard M. Levich	International Accounting Diversity: Does it Impact Market Participants?
w3384	George Alogoskoufis Richard Portes	International Costs and Benefits from EMU
w3152	Assaf Razin Efraim Sadka	International Tax Competition and Gains from Tax Harmonization
w3027	Harold L. Cole Maurice Obstfeld	Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?
w2630	Richard A. Jensen Jerry Thursby Marie Thursby	Smuggling, Camouflaging, and Market Structure
w3911	Wen-Ling Lin Robert F. Engle Takatoshi Ito	Do Bulls and Bears Move Across Borders? International Transmission of Stock Returns and Volatility as the World Turns
w3919	Pierre-Richard Agenor Jagdeep S. Bhandari Robert P. Flood	Speculative Attacks and Models of Balance-of-Payments Crises
w3918	Hans Lindberg Lars E.O. Svensson Paul Soderlind	Devaluation Expectations: The Swedish Krona 1982-1991
w3917	Alberto Giovannini	The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions
w3914	Gene M. Grossman Alan B. Krueger	Environmental Impacts of a North American Free Trade Agreement
w3910	Shang-Jin Wei Jeffrey A. Frankel	Are Option-Implied Forecasts of Exchange Rate Volatility Excessively Variable?
w3899	J. Bradford De Long Barry Eichengreen	The Marshall Plan: History's Most Successful Structural Adjustment Program
w3489	Stephen J. Turnovsky Partha Sen	Fiscal Policy, Capital Accumulation, and Debt in an Open Economy
w2504	Anne O. Krueger	The Political Economy of Controls: American Sugar
w3889	Richard K. Lyons	Private Beliefs and Information Externalities in the Foreign Exchange Market
w3886	Elise Brezis Paul Krugman Daniel Tsiddon	Leapfrogging: A Theory of Cycles in National Technological Leadership
w3881	Michael Bruno	From Sharp Stabilization to Growth: On the Political Economy of Israel's Transition
w3871	Albert Ando Luigi Guiso Daniele Terlizzese Daniel Dorsainvil	Younger Households Saving: Evidence From Japan and Italy
w3861	Geert Bekaert Robert J. Hodrick	On Biases in the Measurement of Foreign Exchange Risk Premiums
w3860	Alberto Alesina Vittorio Grilli	The European Central Bank: Reshaping Monetary Politics in Europe
w3855	Xavier Sala-i-Martin Jeffrey Sachs	Fiscal Federalism and Optimum Currency Areas: Evidence for Europe From the United States
w3374	Lars E.O. Svensson	The Term Structure of Interest Rate Differentials in a Target Zone: Theory and Swedish Data
w3371	Albert Ando Alan J. Auerbach	The Cost of Capital in Japan: Recent Evidence and Further Results
w3313	John F. Helliwell	Fiscal Policy and the External Deficit: Siblings, but not Twins
w3218	Lars E.O. Svensson	Target Zones and Interest Rate Variability
w3096	Barry Eichengreen	The Capital Levy in Theory and Practice
w3080	Assaf Razin Efraim Sadka	Optimal Incentives to Domestic Investment in the Presence of Capital Flight
w2987	Magnus Blomstrom Mario Zejan	Why Do Multinational Firms Seek Out Joint Ventures?
w2849	Jeffrey A. Frankel	Obstacles to Coordination, and a Consideration of Two Proposals to Overcome Them
w2726	Joshua Aizenman	Trade Dependency, Bargaining and External Debt
w2092	Magnus Blomstrom Robert E. Lipsey	Firm Size and Foreign Direct Investment
t0114	Edward E. Leamer	Eastern Data and Western Attitudes
w3852	Alessandra Casella Barry Eichengreen	Halting Inflation in Italy and France After World War II
w3848	Joshua Aizenman Nancy Marion	Policy Uncertainty, Persistence and Growth
w3845	Robert C. Feenstra Tracy R. Lewis	Trade Adjustment Assistance and Pareto Gains From Trade
w3562	Michael D. Bordo Anna J. Schwartz	What has Foreign Market Intervention Since the Plaza Agreement Accomplished?
w3293	Robert E. Lipsey	American Firms Face Europe: 1992
w3192	Kathryn M. Dominguez	Market Responses To Coordinated Central Bank Intervention
w3156	Jeffrey A. Frankel	Japanese Finance: A Survey
w2856	Jeffrey A. Frankel	Quantifying International Capital Mobility in the 1980s
w2738	Sebastian Edwards Miguel Savastano	Latin America's Intraregional Trade: Evolution and Future Prospects
w2678	Fabio Canova Takatoshi Ito	On Time-Series Properties of Time-Varying Risk Premium in the Yen/Dollar Exchange Market
w3813	Richard H. Clarida Ronald Findlay	Endogenous Comparative Advantage, Government, and the Pattern of Trade
w3825	Wilfred J. Ethier James R. Markusen	Multinational Firms, Technology Diffusion and Trade
w3816	Sebastian Edwards	Stabilization and Liberalization Policies in Central and Eastern Europe: Lessons From Latin America
w3814	Richard H. Clarida	Entry, Dumping, and Shakeout
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
w3810	Eric J. Bartelsman Ricardo J. Caballero Richard K. Lyons	Short and Long Run Externalities
w3809	Nancy P. Marion	Empirical Evidence on European Dual Exchange Rates and Its Relevance For Latin America
w3806	Jeffrey Frankel Menzie Chinn	Exchange Rate Expectations and the Risk Premium: Tests For a Cross- Section of 17 Currencies
w3805	Peter Hooper J. David Richardson	International Economic Transactions: Issues in Measurement and Empirical Research
w3797	Ryuzo Sato Rama Ramachandran Shunichi Tsutsui	Incomplete Appropriability of R&D and the Role of Strategies and Cultural Factors in International Trade: A Japanese Case
w3219