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Details about Guillermo Calvo

Homepage:http://www.columbia.edu/~gc2286/
Workplace:School of International and Public Affairs (SIPA), Columbia University, (more information at EDIRC)

Access statistics for papers by Guillermo Calvo.

Last updated 2014-05-24. Update your information in the RePEc Author Service.

Short-id: pca694


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Working Papers

2013

  1. Jobless Recoveries During Financial Crises: Is Inflation the Way Out?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2013) Downloads
  2. Puzzling over the Anatomy of Crises: Liquidity and the Veil of Finance
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads

2012

  1. Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
  2. Optimal Holdings of International Reserves: Self-Insurance against Sudden Stop
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    See also Journal Article in Monetaria (2013)
  3. The Labor Market Consequences of Financial Crises With or Without Inflation: Jobless and Wageless Recoveries
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (5)
  4. The Price Theory of Money, Prospero's Liquidity Trap, and Sudden Stop: Back to Basics and Back
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2009

  1. FINANCIAL CRISES AND LIQUIDITY SHOCKS: A Bank-Run Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    See also Journal Article in European Economic Review (2012)

2008

  1. Las Interrupciones Súbitas Sistémicas: Importancia de los Efectos del Balance General y la Integración Financiera
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  2. Systemic Sudden Stops: The Relevance Of Balance-Sheet Effects And Financial Integration
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (68)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2008) Downloads View citations (33)
    IDB Publications (Working Papers), Inter-American Development Bank (2008) Downloads View citations (13)

2007

  1. Crises in Emerging Market Economies: A Global Perspective
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (30)

    See also Chapter (2008)
  2. Interest Rate Rules, Inflation Stabilization, and Imperfect Credibility: The Small Open Economy Case
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Trade Openness and Monetary Policy Rules
    2007 Meeting Papers, Society for Economic Dynamics

2006

  1. Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort
    IDB Publications (Working Papers), Inter-American Development Bank Downloads View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (21)
    Research Department Publications, Inter-American Development Bank, Research Department (2006) Downloads View citations (18)
  2. Phoenix Miracles in Emerging Markets: Recovering without Credit from Systemic Financial Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (58)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) Downloads View citations (47)
    BIS Working Papers, Bank for International Settlements (2006) Downloads View citations (78)

2005

  1. Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    See also Journal Article in Journal of International Economics (2006)
  2. Sudden Stop, Financial Factors and Economic Collpase in Latin America: Learning from Argentina and Chile
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)

2004

  1. El aspecto empírico de las paradas repentinas: la importancia de sus efectos en el balance general
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  2. On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects
    IDB Publications (Working Papers), Inter-American Development Bank Downloads View citations (82)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2004) Downloads View citations (186)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (279)

    See also Journal Article in Proceedings (2004)

2003

  1. Explaining Sudden Stops, Growth Collapse and BOP Crises: The Case of Distortionary Output Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)
  2. Inflation Inertia and Credible Disinflation - The Open Economy Case
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
  3. Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability: Argentina's Lessons
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (121)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2002) Downloads View citations (7)
    Research Department Publications, Inter-American Development Bank, Research Department (2002) Downloads View citations (21)
  4. The Mirage of Exchange Rate Regimes for Emerging Market Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (103)
    See also Journal Article in Journal of Economic Perspectives (2003)

2002

  1. Fear of floating
    MPRA Paper, University Library of Munich, Germany Downloads View citations (717)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (225)

    See also Journal Article in The Quarterly Journal of Economics (2002)
  2. Nominal Exchange Rate Anchoring Under Inflation Inertia
    IMF Working Papers, International Monetary Fund Downloads View citations (7)
  3. Paradas repentinas, tipo de cambio real y viabilidad fiscal: enseñanzas de Argentina
    Research Department Publications, Inter-American Development Bank, Research Department Downloads

2001

  1. Crecimiento y financiamiento externo en América Latina
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  2. El ciclo de crecimiento de la tasa de interés en Estados Unidos y sus consecuencias para los mercados emergentes
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  3. Fixing for your life
    MPRA Paper, University Library of Munich, Germany Downloads View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (148)
  4. Growth and External Financing in Latin America
    IDB Publications (Working Papers), Inter-American Development Bank Downloads View citations (1)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2001) Downloads View citations (2)
    MPRA Paper, University Library of Munich, Germany (2001) Downloads View citations (3)
  5. Reflections on Dollarization
    MPRA Paper, University Library of Munich, Germany Downloads View citations (13)
  6. The Growth-Interest Rate Cycle in the United States and its Consequences for Emerging Markets
    Research Department Publications, Inter-American Development Bank, Research Department Downloads View citations (12)
    Also in MPRA Paper, University Library of Munich, Germany (2001) Downloads View citations (14)
    IDB Publications (Working Papers), Inter-American Development Bank (2001) Downloads View citations (1)

2000

  1. Política Económica en Aguas Borrascosas
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads
  2. When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options
    MPRA Paper, University Library of Munich, Germany Downloads View citations (248)

1999

  1. Capital Flow Reversals,the Exchange Rate Debate,and Dollarization
    MPRA Paper, University Library of Munich, Germany Downloads View citations (38)
  2. Inflation Stabilization and BOP Crises in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (116)
    See also Chapter (1999)
  3. Inversión de las corrientes de capital, tipo de cambio y dolarización
    (Capital Flow Reversals, the Exchange Rate Debate, and Dollarization)
    MPRA Paper, University Library of Munich, Germany Downloads
  4. Regional Contagion and the Globalization of Securities Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    See also Journal Article in Journal of International Economics (2000)
  5. The Consequences and Management of Capital Inflows: Lessons for Sub-Saharan Africa
    MPRA Paper, University Library of Munich, Germany Downloads View citations (3)

1998

  1. Empirical Puzzles of Chilean Stabilization Policy
    Working Papers, Duke University, Department of Economics Downloads View citations (12)

1997

  1. Rational Herd Behavior and the Globalization of Securities Markets
    Working Papers, Duke University, Department of Economics Downloads View citations (19)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1997) Downloads View citations (42)
  2. Uncertain Duration of Reform: Dynamic Implications
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (34)

1996

  1. Capital flows and macroeconomic management: tequila lessons
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (53)
    See also Journal Article in International Journal of Finance & Economics (1996)
  2. Inflows of capital to developing countries in the 1990s
    MPRA Paper, University Library of Munich, Germany Downloads View citations (105)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (1994) Downloads View citations (2)

    See also Journal Article in Journal of Economic Perspectives (1996)
  3. Mexico's balance-of-payments crisis: a chronicle of death foretold
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (158)
    See also Journal Article in Journal of International Economics (1996)

1995

  1. Capital Flows in Central and Eastern Europe; Evidence and Policy Options
    IMF Working Papers, International Monetary Fund Downloads View citations (12)
  2. Capital inflows to Latin America with reference to the Asian experience
    MPRA Paper, University Library of Munich, Germany Downloads View citations (13)
  3. Variedades de crisis del mercado de capitales
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  4. Varieties of Capital-Market Crises
    Research Department Publications, Inter-American Development Bank, Research Department Downloads View citations (42)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (1995) Downloads View citations (18)

1994

  1. Capital Inflows to Latin America: The 1970s and 1990s
    MPRA Paper, University Library of Munich, Germany Downloads View citations (8)
    Also in IMF Working Papers, International Monetary Fund (1992) Downloads View citations (7)
  2. Entradas de capitales a países en desarrollo en los años 90: causas y efectos
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  3. Inflows of Capital to Developing Countries in the 1990s: Causes and Effects
    IDB Publications (Working Papers), Inter-American Development Bank Downloads View citations (1)
  4. La tasa de cambio real como meta de política: teoría y evidencia
    (Targeting the real exchange rate: Theory and evidence)
    MPRA Paper, University Library of Munich, Germany Downloads View citations (7)
    See also Journal Article in ENSAYOS SOBRE POLÍTICA ECONÓMICA (1994)
  5. Money Demand, Bank Credit, and Economic Performance in Former Socialist Economies
    IMF Working Papers, International Monetary Fund Downloads View citations (8)
    See also Journal Article in IMF Staff Papers (1994)
  6. Targeting the Real Exchange Rate; Theory and Evidence
    IMF Working Papers, International Monetary Fund Downloads View citations (17)
    Also in MPRA Paper, University Library of Munich, Germany (1994) Downloads View citations (1)
    MPRA Paper, University Library of Munich, Germany (1994) Downloads View citations (14)

    See also Journal Article in Journal of Development Economics (1995)
  7. The capital inflows problem: Concepts and issues
    MPRA Paper, University Library of Munich, Germany Downloads View citations (93)
    See also Journal Article in Contemporary Economic Policy (1994)
  8. Trade Reforms of Uncertain Duration and Real Uncertainty; A First Approximation
    IMF Working Papers, International Monetary Fund Downloads View citations (6)
    See also Journal Article in IMF Staff Papers (1994)

1993

  1. Af1uencia de capital y apreciacion del tipo de cambio real en America Latina: E1 papel de los factores externos
    (Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors)
    MPRA Paper, University Library of Munich, Germany Downloads View citations (4)
  2. Eastern Europe in Transition: From Rcession to Growth? Proceedings of a Conference on the Macroeconomic Aspects of Adjustment Copsponsored by the International Monetary Fund and the World Bank
    World Bank - Discussion Papers, World Bank
  3. El problema de la afluencia de capital: Conceptos y temas
    (The Capital Inflows Problem: Concepts and Issues)
    MPRA Paper, University Library of Munich, Germany Downloads
  4. Financial Sector Reforms and Exchange Arrangements in Eastern Europe
    IMF Occasional Papers, International Monetary Fund Downloads View citations (2)
  5. Formulating a policy response: Reply to Snowden
    MPRA Paper, University Library of Munich, Germany Downloads
    See also Journal Article in IMF Staff Papers (1993)
  6. Stabilization Dynamics and Backward-Looking Contracts
    IMF Working Papers, International Monetary Fund Downloads View citations (4)
    See also Journal Article in Journal of Development Economics (1994)
  7. “Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors
    MPRA Paper, University Library of Munich, Germany Downloads View citations (162)
    Also in IMF Working Papers, International Monetary Fund (1992) Downloads View citations (109)

    See also Journal Article in IMF Staff Papers (1993)

1992

  1. Capital Inflows and Real Exchange Rate Appreciation in Latin America
    MPRA Paper, University Library of Munich, Germany Downloads View citations (66)
  2. Currency Substitution in Developing Countries: An Introduction
    MPRA Paper, University Library of Munich, Germany Downloads View citations (81)
    Also in IMF Working Papers, International Monetary Fund (1992) Downloads View citations (75)
  3. Output Collapse in Eastern Europe; The Role of Credit
    IMF Working Papers, International Monetary Fund Downloads View citations (39)
    See also Journal Article in IMF Staff Papers (1993)

1991

  1. Exchange rate stabilization under imperfect credibility
    MPRA Paper, University Library of Munich, Germany Downloads View citations (7)
  2. Exchange-Rate-Based Stabilization under Imperfect Credibility
    IMF Working Papers, International Monetary Fund Downloads View citations (20)
  3. From Centrally-Planned to Market Economies: The Road from CPE to PCPE
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in IMF Working Papers, International Monetary Fund (1991) Downloads View citations (3)
  4. Obstacles to Transforming Centrally-Planned Economies: The Role of Capital Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in IMF Working Papers, International Monetary Fund (1991) Downloads View citations (2)
  5. Speculative Attacks
    IMF Working Papers, International Monetary Fund Downloads View citations (11)

1990

  1. Credibility and the Dynamics of Stabilization Policy; A Basic Framework
    IMF Working Papers, International Monetary Fund Downloads View citations (16)
  2. Interest Rate Targeting in a Small Open Economy; The Predetermined Exchange Rates Case
    IMF Working Papers, International Monetary Fund Downloads View citations (5)
  3. Management of the Nominal Public Debt Theory and Applications
    IMF Working Papers, International Monetary Fund Downloads View citations (1)
  4. Money Supply and Interest Rate Policy in a New-Keynesian Framework
    IMF Working Papers, International Monetary Fund Downloads View citations (2)

1985

  1. Optimal Time-Consistent Fiscal Policy with Uncertain Lifetimes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)

1981

  1. Reflexiones Teóricas sobre el Problema de Estabilización en Argentina
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads

1980

  1. Apertura Financiera, Paridad Móvil y Tipo de Cambio Real
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads
  2. Capitalización de las Reservas y Tipo Real de Cambio
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads
  3. Devaluación: Niveles Vs. Tasas
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads

Journal Articles

2014

  1. Sudden Stop and Sudden Flood of Foreign Direct Investment: Inverse Bank Run, Output, and Welfare Distribution
    Scandinavian Journal of Economics, 2014, 116, (1), 5-19 Downloads

2013

  1. Optimal Holdings of International Reserves: Self-insurance against Sudden Stops
    Monetaria, 2013, XXXV, (1), 1-35 Downloads View citations (26)
    See also Working Paper (2012)
  2. Tenencias óptimas de reservas internacionales: autoaseguramiento contra interrupciones súbitas de flujos de capital
    Monetaria, 2013, XXXV, (1), 1-39 Downloads
  3. The Mayekawa Lecture: Puzzling over the Anatomy of Crises- Liquidity and the Veil of Finance
    Monetary and Economic Studies, 2013, 31, 39-64 Downloads

2012

  1. Financial crises and liquidity shocks a bank-run perspective
    European Economic Review, 2012, 56, (3), 317-326 Downloads View citations (3)
    See also Working Paper (2009)

2011

  1. Leonardo "Pepe" Auernheimer
    Journal of Applied Economics, 2011, XIV, I-III Downloads

2010

  1. Análisis comparado sobre la crisis y los rescates financieros de México (1995) y los Estados Unidos (2008)
    El Trimestre Económico, 2010, LXXVII (4), (308), 773-828

2007

  1. Inflation inertia and credible disinflation
    Journal of International Economics, 2007, 73, (1), 48-68 Downloads View citations (1)

2006

  1. Relative price volatility under Sudden Stops: The relevance of balance sheet effects
    Journal of International Economics, 2006, 69, (1), 231-254 Downloads View citations (48)
    See also Working Paper (2005)
  2. Sudden Stops and Phoenix Miracles in Emerging Markets
    American Economic Review, 2006, 96, (2), 405-410 Downloads View citations (29)
  3. The resolution of global imbalances: Soft landing in the North, sudden stop in emerging markets?
    Journal of Policy Modeling, 2006, 28, (6), 605-613 Downloads View citations (14)

2004

  1. On the empirics of Sudden Stops: the relevance of balance-sheet effects
    Proceedings, 2004, (Jun) Downloads View citations (187)
    See also Working Paper (2004)

2003

  1. The Mirage of Exchange Rate Regimes for Emerging Market Countries
    Journal of Economic Perspectives, 2003, 17, (4), 99-118 Downloads View citations (96)
    See also Working Paper (2003)

2002

  1. Fear Of Floating
    The Quarterly Journal of Economics, 2002, 117, (2), 379-408 Downloads View citations (1068)
    See also Working Paper (2002)
  2. Globalization Hazard and Delayed Reform in Emerging Markets
    JOURNAL OF LACEA ECONOMIA, 2002 Downloads View citations (25)
  3. On dollarization
    The Economics of Transition, 2002, 10, (2), 393-403 Downloads View citations (14)

2001

  1. Capital Markets and the Exchange Rate with Special Reference to the Dollarization Debate in Latin America
    Journal of Money, Credit and Banking, 2001, 33, (2), 312-34 View citations (40)
    Also in Proceedings, 2001, 312-338 (2001) View citations (44)
  2. Economic Policy in Stormy Waters: Financial Vulnerability in Emerging Economies
    Journal of Applied Economics, 2001, IV, 1-25 Downloads

2000

  1. Betting against the state socially costly financial engineering
    Journal of International Economics, 2000, 51, (1), 5-19 Downloads View citations (4)
  2. Capital-Markets Crises and Economic Collapse in Emerging Markets: An Informational-Frictions Approach
    American Economic Review, 2000, 90, (2), 59-64 Downloads View citations (39)
  3. Rational contagion and the globalization of securities markets
    Journal of International Economics, 2000, 51, (1), 79-113 Downloads View citations (272)
    See also Working Paper (1999)

1999

  1. Globalización y régimen cambiario: ¿tiene sentido dolarizar?
    REVISTA DESARROLLO Y SOCIEDAD, 1999 Downloads

1998

  1. Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops
    Journal of Applied Economics, 1998, I, 35-54 Downloads View citations (277)
  2. UNCERTAIN DURATION OF REFORM
    Macroeconomic Dynamics, 1998, 2, (04), 443-455 Downloads View citations (23)

1996

  1. Capital Flows and Macroeconomic Management: Tequila Lessons
    International Journal of Finance & Economics, 1996, 1, (3), 207-23 Downloads View citations (53)
    See also Working Paper (1996)
  2. Disinflation and Interest-Bearing Money
    Economic Journal, 1996, 106, (439), 1546-63 Downloads View citations (1)
  3. Inflows of Capital to Developing Countries in the 1990s
    Journal of Economic Perspectives, 1996, 10, (2), 123-139 Downloads View citations (145)
    See also Working Paper (1996)
  4. Mexico's balance-of-payments crisis: a chronicle of a death foretold
    Journal of International Economics, 1996, 41, (3-4), 235-264 Downloads View citations (98)
    See also Working Paper (1996)
  5. Monetary policy and interenterprise arrears in post-communist economies: Theory and evidence
    Journal of Economic Policy Reform, 1996, 1, (1), 3-24 Downloads
  6. Petty Crime and Cruel Punishment: Lessons from the Mexican Debacle
    American Economic Review, 1996, 86, (2), 170-75 Downloads View citations (26)

1995

  1. Fighting Inflation with High Interest Rates: The Small Open Economy Case under Flexible Prices
    Journal of Money, Credit and Banking, 1995, 27, (1), 49-66 Downloads View citations (19)
  2. Targeting the real exchange rate: theory and evidence
    Journal of Development Economics, 1995, 47, (1), 97-133 Downloads View citations (88)
    See also Working Paper (1994)

1994

  1. INFLATION STABILIZATION AND NOMINAL ANCHORS
    Contemporary Economic Policy, 1994, 12, (2), 35-45 Downloads View citations (39)
  2. LA TASA DE CAMBIO REAL COMO META DE POLÍTICA TEORÍA Y EVIDENCIA
    ENSAYOS SOBRE POLÍTICA ECONÓMICA, 1994 Downloads View citations (6)
    See also Working Paper (1994)
  3. Money Demand, Bank Credit, and Economic Performance in Former Socialist Economies
    IMF Staff Papers, 1994, 41, (2), 314-349 Downloads View citations (7)
    See also Working Paper (1994)
  4. Stabilization dynamics and backward-looking contracts
    Journal of Development Economics, 1994, 43, (1), 59-84 Downloads View citations (36)
    See also Working Paper (1993)
  5. THE CAPITAL INFLOWS PROBLEM: CONCEPTS AND ISSUES
    Contemporary Economic Policy, 1994, 12, (3), 54-66 Downloads View citations (104)
    See also Working Paper (1994)
  6. Trade Reforms of Uncertain Duration and Real Uncertainty: A First Approximation
    IMF Staff Papers, 1994, 41, (4), 555-586 Downloads View citations (6)
    See also Working Paper (1994)

1993

  1. Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors
    IMF Staff Papers, 1993, 40, (1), 108-151 Downloads View citations (408)
    See also Working Paper (1993)
  2. Formulating a Policy Response: Reply to Snowden
    IMF Staff Papers, 1993, 40, (4), 868-870 Downloads View citations (1)
    See also Working Paper (1993)
  3. On the Flexibility of Monetary Policy: The Case of the Optimal Inflation Tax
    Review of Economic Studies, 1993, 60, (3), 667-87 Downloads View citations (32)
  4. Output Collapse in Eastern Europe: The Role of Credit
    IMF Staff Papers, 1993, 40, (1), 32-52 Downloads View citations (33)
    See also Working Paper (1992)

1992

  1. Are High Interest Rates Effective for Stopping High Inflation? Some Skeptical Notes
    World Bank Economic Review, 1992, 6, (1), 55-69 View citations (5)
  2. Optimal Inflation Tax under Precommitment: Theory and Evidence
    American Economic Review, 1992, 82, (1), 179-94 Downloads View citations (20)
  3. Optimal Maturity of Nominal Government Debt: An Infinite-Horizon Model
    International Economic Review, 1992, 33, (4), 895-919 Downloads View citations (18)
  4. Stagflationary Effects of Stabilization Programs in Reforming Socialist Countries: Enterprise-Side and Household-Side Factors
    World Bank Economic Review, 1992, 6, (1), 71-90 View citations (27)

1991

  1. Credit Markets, Credibility, and Economic Transformation
    Journal of Economic Perspectives, 1991, 5, (4), 139-148 Downloads View citations (6)
  2. Debt relief and debt rescheduling: The optimal-contract approach
    Journal of Development Economics, 1991, 36, (1), 5-36 Downloads View citations (10)
  3. From Centrally Planned to Market Economy: The Road from CPE to PCPE
    IMF Staff Papers, 1991, 38, (2), 268-299 Downloads View citations (4)
  4. Optimal maturity of nominal government debt: The first tests
    Economics Letters, 1991, 35, (4), 415-421 Downloads View citations (1)
  5. Temporary stabilization policy: The case of flexible prices and exchange rates
    Journal of Economic Dynamics and Control, 1991, 15, (1), 197-213 Downloads View citations (5)
  6. The Perils of Sterilization
    IMF Staff Papers, 1991, 38, (4), 921-926 Downloads View citations (31)

1990

  1. Credibility and Nominal Debt: Exploring the Role of Maturity in Managing Inflation
    IMF Staff Papers, 1990, 37, (3), 612-635 Downloads View citations (9)
  2. Interest Rate Policy in a Small Open Economy: The Predetermined Exchange Rates Case
    IMF Staff Papers, 1990, 37, (4), 753-776 Downloads View citations (10)
  3. Time Consistency of Fiscal and Monetary Policy: A Comment
    Econometrica, 1990, 58, (5), 1245-47 Downloads View citations (12)

1989

  1. Anticipated Devaluations
    International Economic Review, 1989, 30, (3), 587-606 Downloads View citations (1)
  2. Is Inflation Effective for Liquidating Short-Term Nominal Debt?
    IMF Staff Papers, 1989, 36, (4), 950-960 Downloads View citations (3)

1988

  1. Costly Trade Liberalizations: Durable Goods and Capital Mobility
    IMF Staff Papers, 1988, 35, (3), 461-473 Downloads View citations (23)
  2. Optimal Time-Consistent Fiscal Policy with Finite Lifetimes
    Econometrica, 1988, 56, (2), 411-32 Downloads View citations (63)
  3. Servicing the Public Debt: The Role of Expectations
    American Economic Review, 1988, 78, (4), 647-61 Downloads View citations (198)

1987

  1. Balance of Payments Crises in a Cash-in-Advance Economy
    Journal of Money, Credit and Banking, 1987, 19, (1), 19-32 Downloads View citations (49)
  2. On the costs of temporary policy
    Journal of Development Economics, 1987, 27, (1-2), 245-261 Downloads View citations (25)
  3. Real exchange rate dynamics with nominal parities Structural change and overshooting
    Journal of International Economics, 1987, 22, (1-2), 141-155 Downloads View citations (7)

1986

  1. Fractured Liberalism: Argentina under Martinez de Hoz
    Economic Development and Cultural Change, 1986, 34, (3), 511-33 View citations (6)
  2. Temporary Stabilization: Predetermined Exchange Rates
    Journal of Political Economy, 1986, 94, (6), 1319-29 Downloads View citations (91)

1985

  1. Currency substitution and the real exchange rate: the utility maximization approach
    Journal of International Money and Finance, 1985, 4, (2), 175-188 Downloads View citations (19)
  2. Macroeconomic implications of the government budget: Some basic considerations
    Journal of Monetary Economics, 1985, 15, (1), 95-112 Downloads View citations (2)
  3. Reserves and the managed float: a search for the essentials
    Journal of International Money and Finance, 1985, 4, (1), 43-60 Downloads
  4. The Inefficiency of Unemployment: The Supervision Perspective
    The Quarterly Journal of Economics, 1985, 100, (2), 373-87 Downloads View citations (6)

1983

  1. Competitive banks and the inflation tax
    Economics Letters, 1983, 12, (3-4), 313-317 Downloads View citations (6)
  2. Growth and Inflationary Finance: Variations on a Mundellian Theme
    Journal of Political Economy, 1983, 91, (5), 880-87 Downloads
  3. International factor mobility and national advantage
    Journal of International Economics, 1983, 14, (1-2), 103-114 Downloads View citations (9)
  4. Staggered prices in a utility-maximizing framework
    Journal of Monetary Economics, 1983, 12, (3), 383-398 Downloads View citations (2925)

1982

  1. Involuntary unemployment and inventories: An exploratory model of equilibrium and pure competition
    Journal of Macroeconomics, 1982, 4, (3), 253-275 Downloads View citations (1)
  2. The Chilean economy in the 1970s: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1982, 17, (1), 153-157 Downloads

1981

  1. Capitalización de las Reservas y Tipo Real de Cambio
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1981, 18, (53), 5-14 Downloads
  2. Devaluation: Levels versus rates
    Journal of International Economics, 1981, 11, (2), 165-172 Downloads View citations (16)
  3. Open economy macroeconomics: Rudiger Dornbusch, (Basic Books, New York, 1980) pp. ix+293
    Journal of International Economics, 1981, 11, (2), 295-299 Downloads

1980

  1. Tax-financed government spending in a neoclassical model with sticky wages and rational expectations
    Journal of Economic Dynamics and Control, 1980, 2, (1), 61-78 Downloads
  2. Technology, Entrepreneurs, and Firm Size
    The Quarterly Journal of Economics, 1980, 95, (4), 663-77 Downloads View citations (19)

1979

  1. Capital accumulation and welfare: a note
    Economics Letters, 1979, 4, (2), 135-139 Downloads View citations (1)
  2. Fiscal policy, welfare, and employment with perfect foresight
    Journal of Macroeconomics, 1979, 1, (2), 149-166 Downloads View citations (1)
  3. Hierarchy, Ability, and Income Distribution
    Journal of Political Economy, 1979, 87, (5), 991-1010 Downloads View citations (62)
  4. On Models of Money and Perfect Foresight
    International Economic Review, 1979, 20, (1), 83-103 Downloads View citations (39)
  5. Optimal Population and Capital over Time: The Maximin Perspective
    Review of Economic Studies, 1979, 46, (1), 59-71 Downloads
  6. Quasi-Walrasian Theories of Unemployment
    American Economic Review, 1979, 69, (2), 102-07 Downloads View citations (17)
  7. The Incidence of a Tax on Pure Rent: A New (?) Reason for an Old Answer
    Journal of Political Economy, 1979, 87, (4), 869-74 Downloads View citations (14)

1978

  1. On the Time Consistency of Optimal Policy in a Monetary Economy
    Econometrica, 1978, 46, (6), 1411-28 Downloads View citations (165)
  2. On the indeterminacy of interest rates and wages with perfect foresight
    Journal of Economic Theory, 1978, 19, (2), 321-337 Downloads View citations (14)
  3. On the optimal acquisition of foreign capital through investment of oil export revenues
    Journal of International Economics, 1978, 8, (4), 513-524 Downloads View citations (3)
  4. Optimal seigniorage from money creation: An analysis in terms of the optimum balance of payments deficit problem
    Journal of Monetary Economics, 1978, 4, (3), 503-517 Downloads View citations (7)
  5. Some Notes on Time Inconsistency and Rawls' Maximin Criterion
    Review of Economic Studies, 1978, 45, (1), 97-102 Downloads View citations (6)
  6. Supervision, Loss of Control, and the Optimum Size of the Firm
    Journal of Political Economy, 1978, 86, (5), 943-52 Downloads View citations (56)
  7. The ex-post behavior of firms offering optimal employment contracts
    Economics Letters, 1978, 1, (3), 275-278 Downloads
  8. Urban Employment and Wage Determination in LDC's: Trade Unions in the Harris-Todaro Model
    International Economic Review, 1978, 19, (1), 65-81 Downloads View citations (27)

1977

  1. A Model of Exchange Rate Determination under Currency Substitution and Rational Expectations
    Journal of Political Economy, 1977, 85, (3), 617-25 Downloads View citations (87)
  2. Optimal Maximin Accumulation with Uncertain Future Technology
    Econometrica, 1977, 45, (2), 317-27 Downloads
  3. The Stability of Models of Money and Perfect Foresight: A Comment
    Econometrica, 1977, 45, (7), 1737-39 Downloads View citations (4)

1976

  1. Optimal Growth in a Putty-Clay Model
    Econometrica, 1976, 44, (5), 867-78 Downloads View citations (10)

1975

  1. Efficient and Optimal Utilization of Capital Services
    American Economic Review, 1975, 65, (1), 181-86 Downloads View citations (17)

Books

2006

  1. Money, Exchange Rates, and Output, vol 1
    MIT Press Books, The MIT Press

2005

  1. Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy?, vol 1
    MIT Press Books, The MIT Press View citations (35)

Edited books

2004

  1. Money, Capital Mobility, and Trade: Essays in Honor of Robert A. Mundell, vol 1
    MIT Press Books, The MIT Press

1996

  1. Private Capital Flows to Emerging Markets after the Mexican Crisis
    Peterson Institute Press: All Books, Peterson Institute for International Economics Downloads View citations (5)

Chapters

2010

  1. Inflation targeting in hard times
    A chapter in Perspectives on inflation targeting, financial stability and the global crisis, 2010, vol. 51, pp 15-18 Downloads View citations (2)

2008

  1. Crises in Emerging Markets Economies: A Global Perspective
    Chapter 3 in Current Account and External Financing, 2008, vol. 12, pp 085-115 Downloads
    See also Working Paper (2007)

2000

  1. Balance-of-Payments Crises in Emerging Markets: Large Capital Inflows and Sovereign Governments
    A chapter in Currency Crises, 2000, pp 71-97 Downloads View citations (23)
  2. Contagion, Globalization, and the Volatility of Capital Flows
    A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 15-41 Downloads View citations (11)
  3. Inauguración
    Chapter 1 in América Latina: el camino después de la crisis, 2000, vol. 1, pp 9-12
  4. La alternativa de dolarizar
    Chapter 2 in Dolarizar la economía peruana: riesgos y oportunidades, 2000, vol. 1, pp 15-62
  5. Panel I ¿Qué camino tomará América Latina?
    Chapter 2 in América Latina: el camino después de la crisis, 2000, vol. 1, pp 13-68

1999

  1. Inflation stabilization and bop crises in developing countries
    Chapter 24 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1531-1614 Downloads View citations (108)
    See also Working Paper (1999)

1986

  1. Welfare, Banks, and Capital Mobility in Steady State: The Case of Predetermined Exchange Rates
    A chapter in Economic Adjustment and Exchange Rates in Developing Countries, 1986, pp 175-200 Downloads

1983

  1. Staggered Contracts and Exchange Rate Policy
    A chapter in Exchange Rates and International Macroeconomics, 1983, pp 235-258 Downloads View citations (22)
  2. Trying to Stabilize: Some Theoretical Reflections Based on the Case of Argentina
    A chapter in Financial Policies and the World Capital Market: The Problem of Latin American Countries, 1983, pp 199-220 Downloads View citations (8)
 
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