Details about Charles Engel

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Workplace:	Economics Department, University of Wisconsin-Madison, (more information at EDIRC)

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Working Papers

2009

1. Currency Misalignments and Optimal Monetary Policy: A Re-examination
   RBA Research Discussion Papers, Reserve Bank of Australia
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009)
2. The International Diversification Puzzle when Goods Prices are Sticky: It's Really about Exchange-Rate Hedging, not Equity Portfolios
   IMF Working Papers, International Monetary Fund
   See also Journal Article in American Economic Journal: Macroeconomics (2009)

2008

3. Expected consumption growth from cross-country surveys: implications for assessing international capital markets
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations
   See also Journal Article in IMF Staff Papers (2009)
4. International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2007

5. Exchange Rate Models Are Not as Bad as You Think
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Chapter (2007)
6. Expectations and Exchange Rate Policy
   Working Papers, Hong Kong Institute for Monetary Research
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations
7. International trade in durable goods: understanding volatility, cyclicality, and elastics
   Globalization and Monetary Policy Institute Working Paper, Federal Reserve Bank of Dallas View citations

2006

8. Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Working Papers, Hong Kong Institute for Monetary Research (2005) View citations
9. Expenditure switching versus real exchange rate stabilization - competing objectives for exchange rate policy
   Working Paper Series, European Central Bank
   See also Journal Article in Journal of Monetary Economics (2007)
10. Portfolio Choice in a Monetary Open-Economy DSGE Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in IMF Working Papers, International Monetary Fund (2005) View citations
11. The U.S. Current Account Deficit and the Expected Share of World Output
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2006) View citations
    Working Paper Series, Federal Reserve Bank of San Francisco (2006) View citations
    See also Journal Article in Journal of Monetary Economics (2006)

2005

12. Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of the European Economic Association (2006)
13. The US Current Account Deficit: A Re-examination of the Role of Private Saving
    RBA Research Discussion Papers, Reserve Bank of Australia

2004

14. Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
15. Does "Aggregation Bias" Explain the PPP Puzzle?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Pacific Economic Review (2005)
16. Exchange Rates and Fundamentals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Paper Series, European Central Bank (2003) View citations
    See also Journal Article in Journal of Political Economy (2005)
17. On the Relationship between Pass-Through and Sticky Nominal Prices
    Working Papers, Hong Kong Institute for Monetary Research View citations
18. Some New Variance Bounds for Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Money, Credit and Banking (2005)
19. Taylor Rules and the Deutschmark-Dollar Real Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Money, Credit and Banking (2006)

2003

20. Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in IEHAS Discussion Papers, Institute of Economics, Hungarian Academy of Sciences (2003) View citations
    Working Papers, Hong Kong Institute for Monetary Research (2002) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations
    See also Journal Article in Journal of International Economics (2004)
21. Exchange Rate Pass-Through, Exchange Rate Volatility, and ExchangeRate Disconnect
    DNB Staff Reports (discontinued), Netherlands Central Bank
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
    See also Journal Article in Journal of Monetary Economics (2002)
22. Revisiting the Border: an assessment of the law of one price using very disaggregated consumer price data
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations

2002

23. Expenditure Switching and Exchange Rate Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (2003)
24. The Responsiveness of Consumer Prices to Exchange Rates And the Implications for Exchange-Rate Policy: A Survey Of a Few Recent New Open-Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

2001

25. Currency Unions and International Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    See also Journal Article in Journal of Money, Credit and Banking (2002)
26. Endogenous Currency of Price Setting in a Dynamic Open Economy Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
27. The Adjustment of Prices and the Adjustment of the Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, University of Washington, Department of Economics (2000)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations

2000

28. Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
29. Deviations from purchasing power parity: causes and welfare costs
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations
    Also in Working Papers, University of Washington, Department of Economics (1999)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations
    See also Journal Article in Journal of International Economics (2001)
30. Monetary Policy In The Open Economy Revisited: Price Setting Rules And Exchange Rate Flexibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
31. Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibiity
    Working Papers, University of Washington, Department of Economics
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    Working Papers, Hong Kong Institute for Monetary Research (2000) View citations
    See also Journal Article in Review of Economic Studies (2003)
32. Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, University of Washington, Department of Economics (2000)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations
    See also Journal Article in Journal of Money, Credit and Banking (2001)
33. The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington View citations
    Also in Working Papers, University of Washington, Department of Economics (2000) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    See also Chapter (2001)
34. Violating the Law of One Price: Should We Make a Federal Case Out of It?
    Working Papers, University of Washington, Department of Economics View citations
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1999) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    See also Journal Article in Journal of Money, Credit and Banking (2001)

1999

35. Exchange Rate Pass-Through and the Welfare Effects of the Euro
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, University of Washington, Department of Economics (1999) View citations
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations
    See also Journal Article in International Economic Review (2003)
36. Local-Currency Pricing and the Choice of Exchange-Rate Regime
    Working Papers, University of Washington, Department of Economics
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations
    See also Journal Article in European Economic Review (2000)
37. On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in International Tax and Public Finance (1999)

1998

38. Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
39. Long-Run PPP May Not Hold After All
    Working Papers, University of Washington, Department of Economics
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996) View citations
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1998) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations
    Working Papers, University of Washington, Department of Economics (1996) View citations
    See also Journal Article in Journal of International Economics (2000)
40. Relative Price Volatility: What Role Does the Border Play?
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington View citations
    Also in Working Papers, University of Washington, Department of Economics (1998) View citations

1997

41. Intra-National, Intra-Continental, and Intra-Planetary PPP
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1997) View citations

1996

42. A Model of Foreign Exchange Rate Indetermination
    Working Papers, University of Washington, Department of Economics View citations
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations
43. Accounting for U.S. Real Exchange Rate Changes
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations
    Working Papers, University of Washington, Department of Economics (1996) View citations
    See also Journal Article in Journal of Political Economy (1999)
44. Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies
    Working Papers, University of Washington, Department of Economics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996) View citations
45. The Distribution of Exchange Rates in the EMS
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1994) View citations
    See also Journal Article in International Journal of Finance & Economics (1996)
46. The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Empirical Finance (1996)
47. The Long-Run U.S./U.K. Real Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996) View citations
    Working Papers, University of Washington, Department of Economics (1996)
    See also Journal Article in Journal of Money, Credit and Banking (1999)

1995

48. How Wide is the Border?
    Working Papers, Pennsylvania State - Department of Economics View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations
    Research Working Paper, Federal Reserve Bank of Kansas City (1995) View citations
    See also Journal Article in American Economic Review (1996)
49. Why is the Foreward Exchange Rate Forecast Based? A Survey of Recent Evidence
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in Working Papers, University of Washington, Department of Economics (1995)
    Research Working Paper, Federal Reserve Bank of Kansas City (1995) View citations

1994

50. A Test of International CAPM
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Research Paper, Federal Reserve Bank of New York (1988) View citations
51. Can the Markov Switching Model Forecast Exchange Rates?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1991) View citations
    See also Journal Article in Journal of International Economics (1994)
52. Real Exchange Rates and Relative Prices: An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Monetary Economics (1993)
53. Relative Returns on Equities in Pacific Basin Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Proceedings (1992)

1993

54. Tests of CAPM on an International Portfolio of Bonds and Stocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1994)
55. The Constrained Asset Share Estimation (CASE) Method: Testing Mean-Variance Efficiency of the U.S. Stock Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Economics Working Papers, University of California at Berkeley (1990) View citations

1992

56. Distribution of Rents and Growth
    Working Papers, Yale - Economic Growth Center
    Also in Working Papers, University of Washington, Department of Economics (1992)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1992)
57. Tests of mean-variance efficiency of international equity markets
    Research Paper, Federal Reserve Bank of New York View citations
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1990)
    See also Journal Article in Oxford Economic Papers (1993)

1991

58. Is real exchange rate variability caused by relative price changes? An empirical investigation
    Research Working Paper, Federal Reserve Bank of Kansas City View citations

1990

59. On the foreign exchange risk premium in a general equilibrium model
    Research Working Paper, Federal Reserve Bank of Kansas City View citations
    See also Journal Article in Journal of International Economics (1992)
60. The risk premium and the liquidity premium in foreign exchange markets
    Research Working Paper, Federal Reserve Bank of Kansas City
    See also Journal Article in International Economic Review (1992)

1989

61. Conditional Mean-Variance Efficiency of the U.S. Stock Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Research Paper, Federal Reserve Bank of New York (1989)
62. Long Swings in the Exchange Rate: Are they in the Data and Do Markets Know It?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1988

63. TARIFFS AND SAVING IN A MODEL WITH NEW FAMILIES
    Working Papers, Yale - Economic Growth Center View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988)

1987

64. Saving and Investment in an Open Economy with Non-Traded Goods
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in International Economic Review (1989)
65. Tests of International CAPM with Time-Varying Covariances
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Applied Econometrics (1989)
66. The Real Effects of Foreign Inflation in the Presence of Currency Substitution
    NBER Working Papers, National Bureau of Economic Research, Inc
67. Trade Policy under Endogenous Credibility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Development Economics (1991)

1986

68. International Borrowing to Finance Investment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
69. Tariffs, Saving and the Current Account
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1985

70. Do Asset-Demand Functions Optimize over the Mean and Variance of Real Returns? A Six-Currency Test
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of International Economics (1984)

1984

71. Why Money Announcements Move Interest Rates: An Answer from the Foreign Exchange Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Proceedings (1982)

Journal Articles

2009

1. Expected Consumption Growth from Cross-Country Surveys: Implications for Assessing International Capital Markets
   IMF Staff Papers, 2009, 56, (3), 543-573
   See also Working Paper (2008)
2. Pass-Through, Exchange Rates, and Monetary Policy
   Journal of Money, Credit and Banking, 2009, 41, (s1), 177-185
3. The International Diversification Puzzle When Goods Prices Are Sticky: It's Really about Exchange-Rate Hedging, Not Equity Portfolios
   American Economic Journal: Macroeconomics, 2009, 1, (2), 155-88
   See also Working Paper (2009)

2008

4. Globalization and Monetary Policy Institute annual report
   Annual Report, 2008
5. On the record: making sense of today's globalized economy
   The Southwest Economy, 2008, (Sep), 8-9
6. The Bhagwati Award
   Journal of International Economics, 2008, 74, (1), 1-(null)

2007

7. Expenditure switching versus real exchange rate stabilization: Competing objectives for exchange rate policy
   Journal of Monetary Economics, 2007, 54, (8), 2346-2374 View citations
   See also Working Paper (2006)

2006

8. Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing
   Journal of the European Economic Association, 2006, 4, (6), 1249-1260 View citations
   See also Working Paper (2005)
9. Taylor Rules and the Deutschmark: Dollar Real Exchange Rate
   Journal of Money, Credit and Banking, 2006, 38, (5), 1175-1194 View citations
   See also Working Paper (2004)
10. The U.S. current account deficit and the expected share of world output
    Journal of Monetary Economics, 2006, 53, (5), 1063-1093 View citations
    Also in Proceedings, 2006, (Jun) (2006) View citations
    See also Working Paper (2006)

2005

11. DOES 'AGGREGATION BIAS' EXPLAIN THE PPP PUZZLE?
    Pacific Economic Review, 2005, 10, (1), 49-72 View citations
    See also Working Paper (2004)
12. Exchange Rates and Fundamentals
    Journal of Political Economy, 2005, 113, (3), 485-517 View citations
    Also in Proceedings, 2003, (Mar) (2003) View citations
    See also Working Paper (2004)
13. Some New Variance Bounds for Asset Prices
    Journal of Money, Credit and Banking, 2005, 37, (5), 949-55
    See also Working Paper (2004)

2004

14. Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1
    American Economic Review, 2004, 94, (2), 119-125 View citations
15. Endogenous exchange rate pass-through when nominal prices are set in advance
    Journal of International Economics, 2004, 63, (2), 263-291 View citations
    See also Working Paper (2003)
16. European product market integration after the euro
    Economic Policy, 2004, 19, (39), 347-384 View citations

2003

17. Empirical exchange rate models
    Journal of International Economics, 2003, 60, (1), 1-2 View citations
18. Exchange Rate Pass-Through and the Welfare Effects of the Euro
    International Economic Review, 2003, 44, (1), 223-242 View citations
    See also Working Paper (1999)
19. Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility
    Review of Economic Studies, 2003, 70, (4), 765-783 View citations
    See also Working Paper (2000)

2002

20. Currency Unions and International Integration
    Journal of Money, Credit and Banking, 2002, 34, (4), 1067-89 View citations
    See also Working Paper (2001)
21. Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect
    Journal of Monetary Economics, 2002, 49, (5), 913-940 View citations
    See also Working Paper (2003)
22. The Responsiveness of Consumer Prices to Exchange Rates: A Synthesis of Some New Open Economy Macro Models
    Manchester School, 2002, 70, 1-15 View citations

2001

23. Deviations from purchasing power parity: causes and welfare costs
    Journal of International Economics, 2001, 55, (1), 29-57 View citations
    See also Working Paper (2000)
24. Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
    Journal of Money, Credit and Banking, 2001, 33, (2), 518-41 View citations
    Also in Proceedings, 2001, 518-547 (2001) View citations
    See also Working Paper (2000)
25. Violating the Law of One Price: Should We Make a Federal Case Out of It?
    Journal of Money, Credit and Banking, 2001, 33, (1), 1-15 View citations
    See also Working Paper (2000)

2000

26. Local-currency pricing and the choice of exchange-rate regime
    European Economic Review, 2000, 44, (8), 1449-1472 View citations
    See also Working Paper (1999)
27. Long-run PPP may not hold after all
    Journal of International Economics, 2000, 51, (2), 243-273 View citations
    See also Working Paper (1998)

1999

28. Accounting for U.S. Real Exchange Rate Changes
    Journal of Political Economy, 1999, 107, (3), 507-538 View citations
    See also Working Paper (1996)
29. Are we globalized yet?
    FRBSF Economic Letter, 1999, (Nov 19)
30. On the Foreign Exchange Risk Premium in Sticky-Price General Equilibrium Models
    International Tax and Public Finance, 1999, 6, (4), 491-505 View citations
    See also Working Paper (1999)
31. The Long-Run U.S./U.K. Real Exchange Rate
    Journal of Money, Credit and Banking, 1999, 31, (3), 335-56 View citations
    See also Working Paper (1996)

1998

32. Rent Sharing, Aggregate Saving, and Growth
    Review of Development Economics, 1998, 2, (2), 107-22

1997

33. Intranational, Intracontinental, and Intraplanetary PPP
    Journal of the Japanese and International Economies, 1997, 11, (4), 480-501 View citations

1996

34. A note on cointegration and international capital market efficiency
    Journal of International Money and Finance, 1996, 15, (4), 657-660 View citations
35. How Wide Is the Border?
    American Economic Review, 1996, 86, (5), 1112-25 View citations
    See also Working Paper (1995)
36. The Distribution of Exchange Rates in the EMS
    International Journal of Finance & Economics, 1996, 1, (1), 55-67 View citations
    See also Working Paper (1996)
37. The forward discount anomaly and the risk premium: A survey of recent evidence
    Journal of Empirical Finance, 1996, 3, (2), 123-192 View citations
    See also Working Paper (1996)

1995

38. Tests of conditional mean-variance efficiency of the U.S. stock market
    Journal of Empirical Finance, 1995, 2, (1), 3-18

1994

39. Can the Markov switching model forecast exchange rates?
    Journal of International Economics, 1994, 36, (1-2), 151-165 View citations
    See also Working Paper (1994)

1993

40. Exchange rate regimes and volatility
    Economic Review, 1993, (Q III), 43-58 View citations
41. Real exchange rates and relative prices: An empirical investigation
    Journal of Monetary Economics, 1993, 32, (1), 35-50 View citations
    See also Working Paper (1994)
42. Tests of Mean-Variance Efficiency of International Equity Markets
    Oxford Economic Papers, 1993, 45, (3), 403-21 View citations
    See also Working Paper (1992)

1992

43. On the foreign exchange risk premium in a general equilibrium model
    Journal of International Economics, 1992, 32, (3-4), 305-319 View citations
    See also Working Paper (1990)
44. Relative returns on equities in Pacific Basin countries
    Proceedings, 1992, (Sep)
    Also in Proceedings, 1992, 48-67 (1992)
    See also Working Paper (1994)
45. The Risk Premium and the Liquidity Premium in Foreign Exchange Markets
    International Economic Review, 1992, 33, (4), 871-79 View citations
    See also Working Paper (1990)

1991

46. Challenges to stock market efficiency: evidence from mean reversion studies
    Economic Review, 1991, (Sep), 21-35 View citations
47. Trade policy under endogenous credibility
    Journal of Development Economics, 1991, 36, (2), 213-228
    See also Working Paper (1987)

1990

48. Long Swings in the Dollar: Are They in the Data and Do Markets Know It?
    American Economic Review, 1990, 80, (4), 689-713 View citations
49. Tariffs and saving in a model with new generations
    Journal of International Economics, 1990, 28, (1-2), 71-91 View citations

1989

50. Saving and Investment in an Open Economy with Non-traded Goods
    International Economic Review, 1989, 30, (4), 735-52 View citations
    See also Working Paper (1987)
51. Tests of International CAPM with Time-Varying Covariances
    Journal of Applied Econometrics, 1989, 4, (2), 119-38 View citations
    See also Working Paper (1987)
52. The trade balance and real exchange rate under currency substitution
    Journal of International Money and Finance, 1989, 8, (1), 47-58 View citations

1986

53. On the correlation of exchange rates and interest rates
    Journal of International Money and Finance, 1986, 5, (1), 125-128
54. The International Monetary System: Forty years after Bretton Woods: Review essay
    Journal of Monetary Economics, 1986, 17, (3), 441-448

1985

55. Exchange Rate Dynamics, Sticky Prices and the Current Account
    Journal of Money, Credit and Banking, 1985, 17, (3), 312-27 View citations

1984

56. Do asset-demand functions optimize over the mean and variance of real returns? A six-currency test
    Journal of International Economics, 1984, 17, (3-4), 309-323 View citations
    See also Working Paper (1985)
57. Testing for the absence of expected real profits from forward market speculation
    Journal of International Economics, 1984, 17, (3-4), 299-308 View citations
58. The secular inflation term in open-economy Phillips curves
    European Economic Review, 1984, 24, (2), 161-164 View citations

1982

59. Why money announcements move interest rates: an answer from the foreign exchange market
    Proceedings, 1982, (Nov), 1-36 View citations
    See also Working Paper (1984)

Chapters

2008

1. Comment on "Real Variables, Nonlinearity, and European Real Exchange Rates"
   A chapter in NBER International Seminar on Macroeconomics 2008, 2008

2007

2. Exchange Rate Models Are Not As Bad As You Think
   A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2007, pp 381-441 View citations
   See also Working Paper (2007)

2003

3. Expenditure Switching and Exchange-Rate Policy
   A chapter in NBER Macroeconomics Annual 2002, Volume 17, 2003, pp 231-300 View citations
   See also Working Paper (2002)

2001

4. The Optimal Choice of Exchange Rate Regime: Price-Setting Rules and Internationalized Production
   A chapter in Topics in Empirical International Economics: A Festschrift in Honor of Robert E. Lipsey, 2001, pp 163-194
   See also Working Paper (2000)

1998

5. Regional Patterns in the Law of One Price: The Roles of Geography versus Currencies
   A chapter in The Regionalization of the World Economy, 1998, pp 153-188 View citations

1994

6. Tests of CAPM on an International Portfolio of Bonds and Stocks
   A chapter in The Internationalization of Equity Markets, 1994, pp 149-183 View citations
   See also Working Paper (1993)

Editor

1. Journal of International Economics
   Elsevier