Details about Richard H. Clarida

E-mail:
Homepage:	http://www.columbia.edu/~rhc2
Workplace:	Department of Economics, School of Arts and Sciences, Columbia University, (more information at EDIRC)

Access statistics for papers by Richard H. Clarida.

Last updated 2012-07-07. Update your information in the RePEc Author Service.

Short-id: pcl69

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Working Papers

2009

1. Currency Carry Trade Regimes: Beyond the Fama Regression
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Journal Article in Journal of International Money and Finance (2009)

2007

2. Is Bad News About Inflation Good News for the Exchange Rate?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)

2006

3. Are There Thresholds of Current Account Adjustment in the G7?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
   See also Chapter (2007)
4. G7 Current Account Imbalances: Sustainability and Adjustment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
   See also Book (2007)

2005

5. The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
   Also in Working Papers, Warwick Business School, Financial Econometrics Research Centre (2004)
   See also Journal Article in The Journal of Business (2006)

2004

6. The Term Structure Of Euromarket Interest Rates: Some New Evidence
   Royal Economic Society Annual Conference 2004, Royal Economic Society

2002

7. A Simple Framework for International Monetary Policy Analysis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (221)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (204)
   See also Journal Article in Journal of Monetary Economics (2002)
8. Nonlinear Permanent -Temporary Decompositions in Macroeconomics and Finance
   Royal Economic Society Annual Conference 2002, Royal Economic Society View citations (1)
   See also Journal Article in Economic Journal (2003)
9. The Out-of-Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (35)
   See also Journal Article in Journal of International Economics (2003)

2001

10. Optimal Monetary Policy in Closed versus Open Economies: An Integrated Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
11. The Empirics of Monetary Policy Rules in Open Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
    See also Journal Article in International Journal of Finance & Economics (2001)

1999

12. Fiscal Stance and the Real Exchange: Some Empirical Estimates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
13. G3 Exchange Rate Relationships: A Recap of the Record and a Review of Proposals for Change
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
14. Monetary policy rules and macroeconomic stability: Evidence and some theory
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (141)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (64)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1998)
    See also Journal Article in The Quarterly Journal of Economics (2000)
15. Recent G2 Current Account Imbalances: How Important are Structural Factors?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
16. The Science of Monetary Policy: A New Keynesian Perspective
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (1553)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1999) View citations (1623)
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (1553)
    See also Journal Article in Journal of Economic Literature (1999)

1997

17. Monetary Policy Rules in Practice: Some International Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (190)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1997)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (70)
    See also Journal Article in European Economic Review (1998)

1996

18. How the Bundesbank Conducts Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (117)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1996)
    See also Chapter (1997)

1994

19. Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (212)
    Also in Discussion Papers, Columbia University, Department of Economics (1993)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1994)
    NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (231)
    See also Journal Article in Proceedings (1994)

1993

20. After Maastricht: Public Investment, Economic Integration, and International Capital Mobility
    Discussion Papers, Columbia University, Department of Economics
    See also Journal Article in Economica (1994)
21. International Capital Mobility, Public Investment and Economic Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
22. Permanent Income, Import Prices, and the Demand for Imported Consumer Durbales: A Structural Econometric Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Research Paper, Federal Reserve Bank of New York (1993) View citations (1)
23. The Term Structure of Forward Exchange Premia and the Forecastability of Spot Exchange Rates: Correcting the Errors
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993)

1992

24. Cointegration, Aggregate Consumption and the Demand for Imports: A Struct ural Econometric Investigation
    Discussion Papers, Columbia University, Department of Economics
    Also in Research Paper, Federal Reserve Bank of New York (1992)
    NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations (1)
    See also Journal Article in American Economic Review (1994)
25. The Term Structure of Forward Exchange Rates and the Forecastability of Spot Exchange Rates: Correcting the Errors
    Discussion Papers, Columbia University, Department of Economics
26. The real Exchange Rate and U.S. Manufacturing Profit: A Theoretical Framework with Some Empirical Support
    Discussion Papers, Columbia University, Department of Economics
    Also in Research Paper, Federal Reserve Bank of New York (1992) View citations (2)
    See also Journal Article in International Journal of Finance & Economics (1997)

1991

27. A Model of Liquidity of Overhang for the Soviet Economy
    Discussion Papers, Columbia University, Department of Economics
28. Aggregate Stochastic Implications of the Life Cycle Hypothesis
    Discussion Papers, Columbia University, Department of Economics View citations (12)
    See also Journal Article in The Quarterly Journal of Economics (1991)
29. Endogenous Comparative Advantage, Government, and the Pattern of Trade
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
30. Endogonous Comparative Advantage, Government, and Pattern of Trade
    Discussion Papers, Columbia University, Department of Economics
31. Entry, Dumping and Shakeout
    Discussion Papers, Columbia University, Department of Economics
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991)
    See also Journal Article in American Economic Review (1993)
32. The Real Exchange Rate, Exports, and Manufacturing Profits: A Theoreti- cal Framework With Some Empirical Support
    NBER Working Papers, National Bureau of Economic Research, Inc

1988

33. The Dollar and Real Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Scholarly Articles, Harvard University Department of Economics (1987) View citations (49)
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1987)

1987

34. Household Saving and Permanent Income in Canada and the United Kingdom
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
35. The Term Structure of Euromarket Interest Rates: An Empirical Investigation
    Scholarly Articles, Harvard University Department of Economics View citations (25)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (26)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1986) View citations (1)
    See also Journal Article in Journal of Monetary Economics (1987)

1986

36. International Lending and Borrowing in a Stochastic Sequence Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1985)
37. The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1985)
38. The Behavior of U.S. Short-Term Interest Rates Since 1979-10
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University

1985

39. Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
    See also Journal Article in International Economic Review (1987)

1984

40. Conditional Projection by Means of Kalman Filtering
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (2)
    Also in NBER Technical Working Papers, National Bureau of Economic Research, Inc (1984) View citations (2)
41. Current Account, Exchange Rate, and Monetary Dynamics in a Stochastic Equilibrium Model
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
42. On the Stochastic Steady-State Behavior of Optimal Asset Accumulation in the Presence of Random Wage Fluctuations and Incomplete Markets
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University
43. The Behavior of U.S. Short-Term Interest Rates Since October 1979
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Journal of Finance (1984)

Journal Articles

2012

1. What Has—and Has Not—Been Learned about Monetary Policy in a Low‐Inflation Environment? A Review of the 2000s
   Journal of Money, Credit and Banking, 2012, 44, 123-140

2009

2. Currency carry trade regimes: Beyond the Fama regression
   Journal of International Money and Finance, 2009, 28, (8), 1375-1389 View citations (3)
   See also Working Paper (2009)

2006

3. The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates
   The Journal of Business, 2006, 79, (3), 1193-1224 View citations (23)
   See also Working Paper (2005)

2003

4. Nonlinear Permanent - Temporary Decompositions in Macroeconomics and Finance
   Economic Journal, 2003, 113, (486), C125-C139 View citations (3)
   See also Working Paper (2002)
5. The out-of-sample success of term structure models as exchange rate predictors: a step beyond
   Journal of International Economics, 2003, 60, (1), 61-83 View citations (68)
   See also Working Paper (2002)

2002

6. A simple framework for international monetary policy analysis
   Journal of Monetary Economics, 2002, 49, (5), 879-904 View citations (200)
   See also Working Paper (2002)

2001

7. Comment on Optimal Central Bank Areas, Financial Intermediation, and Mexican Dollarization
   Journal of Money, Credit and Banking, 2001, 33, (2), 667-68
8. Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach
   American Economic Review, 2001, 91, (2), 248-252 View citations (178)
9. The Empirics of Monetary Policy Rules in Open Economies
   International Journal of Finance & Economics, 2001, 6, (4), 315-23 View citations (38)
   See also Working Paper (2001)

2000

10. Monetary Policy Rules And Macroeconomic Stability: Evidence And Some Theory
    The Quarterly Journal of Economics, 2000, 115, (1), 147-180 View citations (1329)
    See also Working Paper (1999)

1999

11. The Science of Monetary Policy: A New Keynesian Perspective
    Journal of Economic Literature, 1999, 37, (4), 1661-1707 View citations (1562)
    See also Working Paper (1999)

1998

12. Monetary policy rules in practice
    Proceedings, 1998, (Mar) View citations (99)
13. Monetary policy rules in practice Some international evidence
    European Economic Review, 1998, 42, (6), 1033-1067 View citations (701)
    See also Working Paper (1997)

1997

14. The Real Exchange Rate and US Manufacturing Profits: A Theoretical Framework with Some Empirical Support
    International Journal of Finance & Economics, 1997, 2, (3), 177-87 View citations (11)
    See also Working Paper (1992)
15. The Term Structure Of Forward Exchange Premiums And The Forecastability Of Spot Exchange Rates: Correcting The Errors
    The Review of Economics and Statistics, 1997, 79, (3), 353-361 View citations (51)

1996

16. Consumption, Import Prices, and the Demand for Imported Consumer Durables: A Structural Econometric Investigation
    The Review of Economics and Statistics, 1996, 78, (3), 369-74 View citations (1)
17. Real Interest Differentials and Macro Fundamentals: Empirical Estimates
    International Journal of Finance & Economics, 1996, 1, (2), 103-16

1994

18. After Maastricht: Public Investment, Economic Integration and International Capital Mobility
    Economica, 1994, 61, (243), 319-29 View citations (5)
    See also Working Paper (1993)
19. Cointegration, Aggregate Consumption, and the Demand for Imports: A Structural Econometric Investigation
    American Economic Review, 1994, 84, (1), 298-308 View citations (21)
    See also Working Paper (1992)
20. Sources of real exchange rate fluctuations: how important are nominal shocks?
    Proceedings, 1994, (Apr) View citations (224)
    Also in Carnegie-Rochester Conference Series on Public Policy, 1994, 41, (1), 1-56 (1994) View citations (150)
    See also Working Paper (1994)

1993

21. A model of liquidity overhang
    European Economic Review, 1993, 37, (1), 61-73
22. Entry, Dumping, and Shakeout
    American Economic Review, 1993, 83, (1), 180-202 View citations (10)
    See also Working Paper (1991)

1992

23. Government, Trade, and Comparative Advantage
    American Economic Review, 1992, 82, (2), 122-27 View citations (12)

1991

24. Aggregate Stochastic Implications of the Life Cycle Hypothesis
    The Quarterly Journal of Economics, 1991, 106, (3), 851-67 View citations (12)
    See also Working Paper (1991)

1990

25. International Lending and Borrowing in a Stochastic, Stationary Equilibrium
    International Economic Review, 1990, 31, (3), 543-58 View citations (19)

1987

26. Consumption, Liquidity Constraints and Asset Accumulation in the Presence of Random Income Fluctuations
    International Economic Review, 1987, 28, (2), 339-51 View citations (14)
    See also Working Paper (1985)
27. The dollar and real interest rates
    Carnegie-Rochester Conference Series on Public Policy, 1987, 27, (1), 103-139 View citations (49)
    See also Working Paper (1988)
28. The term structure of euromarket interest rates: An empirical investigation
    Journal of Monetary Economics, 1987, 19, (1), 25-44 View citations (25)
    See also Working Paper (1987)

1984

29. The Behavior of U.S. Short-Term Interest Rates since October 1979
    Journal of Finance, 1984, 39, (3), 671-82 View citations (1)
    See also Working Paper (1984)

1983

30. Why Have Short-Term Interest Rates Been So High?
    Brookings Papers on Economic Activity, 1983, 14, (2), 553-586 View citations (6)

Books

2011

1. NBER International Seminar on Macroeconomics 2010
   NBER Books, National Bureau of Economic Research, Inc

2009

2. NBER International Seminar on Macroeconomics 2007
   NBER Books, National Bureau of Economic Research, Inc

2007

3. G7 Current Account Imbalances: Sustainability and Adjustment
   NBER Books, National Bureau of Economic Research, Inc View citations (23)
   See also Working Paper (2006)

2006

4. NBER International Seminar on Macroeconomics 2004
   NBER Books, National Bureau of Economic Research, Inc

Edited books

2006

1. NBER International Seminar on Macroeconomics 2004, vol 1
   MIT Press Books, The MIT Press

Chapters

2011

1. Comment on "Nontraded Goods Prices, Terms of Trade and International Risk-Sharing: An Empirical Investigation"
   A chapter in NBER International Seminar on Macroeconomics 2011, 2011, pp 467-469

2010

2. Comment on "Evolving Perceptions of Central Bank Credibility: The ECB Experience"
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 183-185
3. Comment on "The Feldstein-Horioka Fact"
   A chapter in NBER International Seminar on Macroeconomics 2009, 2010, pp 118-121
4. Introduction to "NBER International Seminar on Macroeconomics 2010"
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 1-5

2009

5. Comment on "The Simple Geometry of Transmission and Stabilization in Closed and Open Economies"
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 117-118 View citations (1)
6. Introduction to "NBER International Seminar on Macroeconomics 2007"
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 1-5
7. Reflections on Monetary Policy in the Open Economy
   A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 121-141

2008

8. Is Bad News About Inflation Good News for the Exchange Rate? And, If So, Can That Tell Us Anything about the Conduct of Monetary Policy?
   A chapter in Asset Prices and Monetary Policy, 2008, pp 371-396 View citations (2)

2007

9. Are There Thresholds of Current Account Adjustment in the G7?
   A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 169-204 View citations (4)
   See also Working Paper (2006)
10. Introduction to "G7 Current Account Imbalances: Sustainability and Adjustment"
    A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 1-10 View citations (6)

2006

11. Introduction to "NBER International Seminar on Macroeconomics 2004"
    A chapter in NBER International Seminar on Macroeconomics 2004, 2006, pp 1-16

2005

12. Comment on "Dual Inflation and the Real Exchange Rate in New Open Economy Macroeconomics"
    A chapter in NBER International Seminar on Macroeconomics 2005, 2005, pp 350-351

1997

13. How the Bundesbank Conducts Monetary Policy
    A chapter in Reducing Inflation: Motivation and Strategy, 1997, pp 363-412 View citations (82)
    See also Working Paper (1996)