Details about Douglas Laxton

Homepage:	http://douglaslaxton.org
Phone:	+351 910771853
Postal address:	Algarve, Portugal
Workplace:	Central Bank of Armenia, (more information at EDIRC)

Access statistics for papers by Douglas Laxton.

Last updated 2024-09-02. Update your information in the RePEc Author Service.

Short-id: pla306

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Working Papers

2019

1. Multivariate Filter Estimation of Potential Output for the United States: An Extension with Labor Market Hysteresis
   IMF Working Papers, International Monetary Fund View citations (6)
   Also in Working Papers, Central Bank of Armenia (2019) View citations (6)
2. Strengthening the Monetary Policy Framework in Korea
   IMF Working Papers, International Monetary Fund View citations (2)

2018

3. A New Strategy for Korea’s Fiscal Policy in a Low Growth Environment
   IMF Working Papers, International Monetary Fund
4. An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank
   IMF Working Papers, International Monetary Fund View citations (17)
5. Estimates of Potential Output and the Neutral Rate for the U.S. Economy
   IMF Working Papers, International Monetary Fund View citations (3)
6. Morocco: A Practical Approach to Monetary Policy Analysis in a Country with Capital Controls
   IMF Working Papers, International Monetary Fund View citations (8)

2017

7. Czech Magic: Implementing Inflation-Forecast Targeting at the CNB
   IMF Working Papers, International Monetary Fund View citations (12)
8. Inflation-Forecast Targeting for India: An Outline of the Analytical Framework
   IMF Working Papers, International Monetary Fund View citations (14)
9. Multivariate Filter Estimation of Potential Output for the United States
   IMF Working Papers, International Monetary Fund View citations (21)
10. Oil Prices and the Global Economy
    IMF Working Papers, International Monetary Fund View citations (29)
11. Quarterly Projection Model for India: Key Elements and Properties
    IMF Working Papers, International Monetary Fund View citations (17)

2016

12. How to Improve Inflation Targeting in Canada
    IMF Working Papers, International Monetary Fund View citations (10)
13. Macroeconomic Management When Policy Space is Constrained: A Comprehensive, Consistent and Coordinated Approach to Economic Policy
    IMF Staff Discussion Notes, International Monetary Fund View citations (5)
14. Mitigating the Deadly Embrace in Financial Cycles: Countercyclical Buffers and Loan-to-Value Limits
    IMF Working Papers, International Monetary Fund View citations (10)
    See also Chapter Mitigating the deadly embrace in financial cycles: Countercyclical buffers and loan-to-value limits, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2018) View citations (9) (2018)
15. Reflating Japan: Time to Get Unconventional?
    IMF Working Papers, International Monetary Fund View citations (7)

2015

16. A Simple Multivariate Filter for Estimating Potential Output
    IMF Working Papers, International Monetary Fund View citations (58)
17. Avoiding Dark Corners: A Robust Monetary Policy Framework for the United States
    IMF Working Papers, International Monetary Fund View citations (14)
18. Banks in The Global Integrated Monetary and Fiscal Model
    IMF Working Papers, International Monetary Fund View citations (8)
19. Frontiers of Monetary Policymaking: Adding the Exchange Rate as a Tool to Combat Deflationary Risks in the Czech Republic
    IMF Working Papers, International Monetary Fund View citations (17)
20. Inflation-Forecast Targeting: Applying the Principle of Transparency
    IMF Working Papers, International Monetary Fund View citations (16)
21. Multivariate Filter Estimation of Potential Output for the Euro Area and the United States
    IMF Working Papers, International Monetary Fund View citations (14)
22. Short Term Forecasting System of Private Demand Components in Armenia
    Working Papers, Central Bank of Armenia View citations (5)
23. The Flexible System of Global Models – FSGM
    IMF Working Papers, International Monetary Fund View citations (31)

2014

24. Financial Crises in DSGE Models: A Prototype Model
    IMF Working Papers, International Monetary Fund View citations (55)
25. Financial Crises in DSGE Models: Selected Applications of MAPMOD
    IMF Working Papers, International Monetary Fund View citations (39)

2013

26. Adding China to the Global Projection Model
    IMF Working Papers, International Monetary Fund View citations (14)
27. GPM6: The Global Projection Model with 6 Regions
    IMF Working Papers, International Monetary Fund View citations (44)
28. Getting to Know GIMF: The Simulation Properties of the Global Integrated Monetary and Fiscal Model
    IMF Working Papers, International Monetary Fund View citations (61)
29. The Benefits of International Policy Coordination Revisited
    IMF Working Papers, International Monetary Fund View citations (10)

2012

30. The Future of Oil: Geology Versus Technology
    IMF Working Papers, International Monetary Fund View citations (24)
    See also Journal Article The future of oil: Geology versus technology, International Journal of Forecasting, Elsevier (2015) View citations (12) (2015)

2010

31. A Model for Full-Fledged Inflation Targeting and Application to Ghana
    IMF Working Papers, International Monetary Fund View citations (2)
32. Budget Consolidation: Short-Term Pain and Long-Term Gain
    IMF Working Papers, International Monetary Fund View citations (10)
33. Chile’s Structural Fiscal Surplus Rule: a Model – Based Evaluation
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (9)
    Also in IMF Working Papers, International Monetary Fund (2009) View citations (11)
    See also Journal Article Chile’s Structural Fiscal Surplus Rule: a Model-Based Evaluation, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2010) View citations (12) (2010)
34. Effects of Fiscal Stimulus in Structural Models
    IMF Working Papers, International Monetary Fund View citations (112)
    See also Journal Article Effects of Fiscal Stimulus in Structural Models, American Economic Journal: Macroeconomics, American Economic Association (2012) View citations (538) (2012)
35. Structural Models in Real Time
    IMF Working Papers, International Monetary Fund View citations (5)
36. The Global Integrated Monetary and Fiscal Model (GIMF) – Theoretical Structure
    IMF Working Papers, International Monetary Fund View citations (165)
37. To Starve or Not to Starve the Beast?
    IMF Working Papers, International Monetary Fund View citations (3)
    See also Journal Article To starve or not to starve the beast?, Journal of Macroeconomics, Elsevier (2014) (2014)

2009

38. Adding Indonesia to the Global Projection Model
    IMF Working Papers, International Monetary Fund View citations (16)
39. Constructing Forecast Confidence Bands During the Financial Crisis
    IMF Working Papers, International Monetary Fund View citations (5)
40. Developing a Structured Forecasting and Policy Analysis System to Support Inflation-Forecast Targeting (IFT)
    IMF Working Papers, International Monetary Fund View citations (12)
41. Fiscal Deficits and Current Account Deficits
    IMF Working Papers, International Monetary Fund View citations (24)
    See also Journal Article Fiscal deficits and current account deficits, Journal of Economic Dynamics and Control, Elsevier (2013) View citations (22) (2013)
42. Fiscal Stimulus to the Rescue? Short-Run Benefits and Potential Long-Run Costs of Fiscal Deficits
    IMF Working Papers, International Monetary Fund View citations (40)
43. Gauging Risks for Deflation
    IMF Staff Position Notes, International Monetary Fund View citations (11)
44. Inflation Targeting Pillars - Transparency and Accountability
    IMF Working Papers, International Monetary Fund View citations (13)
45. It Framework Design Parameters
    IMF Working Papers, International Monetary Fund View citations (1)
46. Simple, Implementable Fiscal Policy Rules
    IMF Working Papers, International Monetary Fund View citations (32)
47. The Case for Global Fiscal Stimulus
    IMF Staff Position Notes, International Monetary Fund View citations (51)
48. Why Inflation Targeting?
    IMF Working Papers, International Monetary Fund View citations (49)

2008

49. A Small Quarterly Multi-Country Projection Model
    IMF Working Papers, International Monetary Fund View citations (42)
50. A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices
    IMF Working Papers, International Monetary Fund View citations (28)
51. A Small Quarterly Projection Model of the US Economy
    IMF Working Papers, International Monetary Fund View citations (39)
52. Monetary Transmission in an Emerging Targeter: The Case of Brazil
    IMF Working Papers, International Monetary Fund View citations (24)
53. Oil Price Movements and the Global Economy: A Model-Based Assessment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (37)
    Also in Staff Working Papers, Bank of Canada (2007) View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (44)
    See also Journal Article Oil Price Movements and the Global Economy: A Model-Based Assessment, IMF Staff Papers, Palgrave Macmillan (2008) View citations (37) (2008)
54. Why is Canada’s Price Level So Predictable?
    IMF Working Papers, International Monetary Fund View citations (10)
    See also Journal Article Why Is Canada's Price Level So Predictable?, Journal of Money, Credit and Banking, Blackwell Publishing (2013) View citations (1) (2013)

2007

55. A Party without a Hangover? On the Effects of U.S. Government Deficits
    IMF Working Papers, International Monetary Fund View citations (47)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (16)
56. DSGE Modeling at the Fund: Applications and Further Developments
    IMF Working Papers, International Monetary Fund View citations (18)
57. Endogenous Monetary Policy Credibility in a Small Macro Model of Israel
    IMF Working Papers, International Monetary Fund View citations (36)

2006

58. A New-Open-Economy Macro Model for Fiscal Policy Evaluation
    IMF Working Papers, International Monetary Fund View citations (38)
59. A Practical Model-Based Approach to Monetary Policy Analysis—Overview
    IMF Working Papers, International Monetary Fund View citations (65)
60. Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (6)
    Staff Reports, Federal Reserve Bank of New York (2006) View citations (5)
    See also Journal Article Deflationary shocks and monetary rules: An open-economy scenario analysis, Journal of the Japanese and International Economies, Elsevier (2006) View citations (6) (2006)
61. Inflation Targeting Versus Joining a Monetary Union: An Assessment of the Potential Benefits and Costs Using a DSGE Model
    Computing in Economics and Finance 2006, Society for Computational Economics
62. Measures of Potential Output from an Estimated DSGE Model of the United States
    Working Papers, Czech National Bank, Research and Statistics Department View citations (10)
63. Practical Model-Based Monetary Policy Analysis: A How-To Guide
    IMF Working Papers, International Monetary Fund View citations (58)
64. Under What Conditions Can Inflation Targeting Be Adopted? The Experience of Emerging Markets
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (49)
    See also Chapter Under What Conditions Can Inflation Targeting Be Adopted? The Experience of Emerging Markets, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2007) View citations (110) (2007)
65. Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in Staff Reports, Federal Reserve Bank of New York (2006) View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (7)
    See also Journal Article Would protectionism defuse global imbalances and spur economic activity? A scenario analysis, Journal of Economic Dynamics and Control, Elsevier (2008) View citations (22) (2008)

2005

66. A Rational Expectations Model of Optimal Inflation Inertia
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (2)
67. On the Benefits of Exchange Rate Flexibility under Endogenous Tradedness of Goods
    Computing in Economics and Finance 2005, Society for Computational Economics View citations (4)
68. Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
    See also Chapter Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (68) (2007)
    Journal Article Smooth landing or crash? model based scenarios of global current account rebalancing, Proceedings, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (46) (2005)

2004

69. Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    Also in Working Paper Series, European Central Bank (2004) View citations (200)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (117)
    Staff Reports, Federal Reserve Bank of New York (2004) View citations (125)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (213)
70. GEM: A New International Macroeconomic Model
    IMF Occasional Papers, International Monetary Fund View citations (34)

2003

71. IS THERE A ROLE FOR ASSET PRICES IN MONETARY RULES? SOME WELFARE ANALYSIS BASED ON PERTURBATION METHODS
    Computing in Economics and Finance 2003, Society for Computational Economics
72. Monetary Rules for Small, Open, Emerging Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (301)
    See also Journal Article Monetary rules for small, open, emerging economies, Journal of Monetary Economics, Elsevier (2003) View citations (303) (2003)
73. Some Simulation Properties of the Major Euro Area Economies in Multimod
    IMF Working Papers, International Monetary Fund View citations (6)
    See also Journal Article Some simulation properties of the major euro area economies in MULTIMOD, Economic Modelling, Elsevier (2004) View citations (9) (2004)

2002

74. How Well Do Alternative Time-Varying Parameter Models of the NAIRU Help Policymakers Forecast Unemployment and Inflation in the OECD Countries?
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (9)
75. Monetary Policy Credibility and the Unemployment-Inflation Tradeoff: Some Evidence From 17 Industrial Countries
    IMF Working Papers, International Monetary Fund View citations (27)
76. Monetary Policy Credibility and the Unemployment-Inflation Tradeoff: Some Evidence from Seventeen OECD Countries
    Computing in Economics and Finance 2002, Society for Computational Economics View citations (11)

2001

77. Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility
    IMF Working Papers, International Monetary Fund View citations (23)
    See also Journal Article Inflation targeting with NAIRU uncertainty and endogenous policy credibility, Journal of Economic Dynamics and Control, Elsevier (2001) View citations (29) (2001)
78. The Macroeconomic Effects of Higher Oil Prices
    IMF Working Papers, International Monetary Fund View citations (38)
    See also Journal Article The Macroeconomic Effects of Higher Oil Prices, National Institute Economic Review, National Institute of Economic and Social Research (2002) View citations (15) (2002)
79. The Zero Interest Rate Floor (ZIF) and its Implications for Monetary Policy in Japan
    IMF Working Papers, International Monetary Fund View citations (16)
    See also Journal Article The Zero Interest Rate Floor (ZIF) and its Implications for Monetary Policy in Japan, National Institute Economic Review, National Institute of Economic and Social Research (2004) (2004)

2000

80. International Spillovers of Macroeconomic Shocks: A Quantitative Exploration
    IMF Working Papers, International Monetary Fund View citations (6)
81. Life-Cycles, Dynasties, Savings: Implications for Closed and Small, Open Economies
    IMF Working Papers, International Monetary Fund View citations (20)

1999

82. An Analysis of the Robustness of Simple Monetary Policy Rules in Simple Models of the Output-Inflation Process
    Computing in Economics and Finance 1999, Society for Computational Economics
83. Real Interest Rates and Real Exchange Rates: Evidence from Indexed Bonds
    Computing in Economics and Finance 1999, Society for Computational Economics View citations (2)
    See also Journal Article Real Interest Rates And Real Exchange Rates: Evidence From Indexed Bonds, Manchester School, University of Manchester (2003) View citations (4) (2003)
84. Simple Monetary Policy Rules Under Model Uncertainty
    Computing in Economics and Finance 1999, Society for Computational Economics View citations (38)
    Also in IMF Working Papers, International Monetary Fund (1999) View citations (163)
    See also Journal Article Simple Monetary Policy Rules Under Model Uncertainty, International Tax and Public Finance, Springer (1999) View citations (39) (1999)

1998

85. Liberating Supply-Fiscal Policy and Technological innovation in a Multicountry Model
    IMF Working Papers, International Monetary Fund
    Also in MPRA Paper, University Library of Munich, Germany (1998)
86. Multimod Mark III: The Core Dynamic and Steady State Model
    IMF Occasional Papers, International Monetary Fund View citations (12)

1997

87. Phillips Curves
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (41)
88. Phillips Curves, Phillips Lines and the Unemplyment Costs of Overheating
    IMF Working Papers, International Monetary Fund View citations (28)
89. Possible Effects of European Monetary Union on Switzerland: A Case Study of Policy Dilemmas Caused by Low Inflation and the Nominal Interest Rate Floor
    IMF Working Papers, International Monetary Fund View citations (11)

1996

90. A Robust and Efficient Method for Solving Nonlinear Rational Expectations Models
    IMF Working Papers, International Monetary Fund View citations (9)
91. Government Debt, Life-Cycle Income and Liquidity Constrains: Beyond Approximate Ricardian Equivalence
    IMF Working Papers, International Monetary Fund View citations (16)
    See also Journal Article Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence, IMF Staff Papers, Palgrave Macmillan (1997) View citations (27) (1997)
92. Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States
    IMF Working Papers, International Monetary Fund View citations (56)
    See also Journal Article Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States, IMF Staff Papers, Palgrave Macmillan (1997) View citations (100) (1997)

1995

93. Asymmetry in the U.S. Output-Inflation Nexus: Issues and Evidence
    IMF Working Papers, International Monetary Fund View citations (29)
94. Capacity Constraints, Inflation and the Transmission Mechanism: Forward-Looking Versus Myopic Policy Rules
    IMF Working Papers, International Monetary Fund View citations (29)
95. World Public Debt and Real Interest Rates
    IMF Working Papers, International Monetary Fund View citations (21)
    See also Journal Article World Public Debt and Real Interest Rates, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (1999) View citations (44) (1999)

1994

96. Asymmetric Effects of Economic Activityon Inflation: Evidence and Policy Implications
    IMF Working Papers, International Monetary Fund View citations (20)
    See also Journal Article Asymmetric Effects of Economic Activity on Inflation: Evidence and Policy Implications, IMF Staff Papers, Palgrave Macmillan (1995) View citations (73) (1995)

Undated

97. Should the Fed Base Policy Decisions on a Linear Phillips Curve?
    Computing in Economics and Finance 1997, Society for Computational Economics

Journal Articles

2015

1. The future of oil: Geology versus technology
   International Journal of Forecasting, 2015, 31, (1), 207-221 View citations (12)
   See also Working Paper The Future of Oil: Geology Versus Technology, IMF Working Papers (2012) View citations (24) (2012)

2014

2. To starve or not to starve the beast?
   Journal of Macroeconomics, 2014, 39, (PA), 1-23
   See also Working Paper To Starve or Not to Starve the Beast?, IMF Working Papers (2010) View citations (3) (2010)

2013

3. Fiscal deficits and current account deficits
   Journal of Economic Dynamics and Control, 2013, 37, (10), 2062-2082 View citations (22)
   See also Working Paper Fiscal Deficits and Current Account Deficits, IMF Working Papers (2009) View citations (24) (2009)
4. Simple fiscal policy rules for small open economies
   Journal of International Economics, 2013, 91, (1), 113-127 View citations (25)
5. Why Is Canada's Price Level So Predictable?
   Journal of Money, Credit and Banking, 2013, 45, (1), 71-85 View citations (1)
   Also in Journal of Money, Credit and Banking, 2013, 45, (1), 71-85 (2013) View citations (14)
   See also Working Paper Why is Canada’s Price Level So Predictable?, IMF Working Papers (2008) View citations (10) (2008)

2012

6. Effects of Fiscal Stimulus in Structural Models
   American Economic Journal: Macroeconomics, 2012, 4, (1), 22-68 View citations (538)
   See also Working Paper Effects of Fiscal Stimulus in Structural Models, IMF Working Papers (2010) View citations (112) (2010)

2011

7. Deficit reduction: Short-term pain for long-term gain
   European Economic Review, 2011, 55, (1), 118-139 View citations (31)

2010

8. Chile’s Structural Fiscal Surplus Rule: a Model-Based Evaluation
   Journal Economía Chilena (The Chilean Economy), 2010, 13, (3), 5-32 View citations (12)
   See also Working Paper Chile’s Structural Fiscal Surplus Rule: a Model – Based Evaluation, Working Papers Central Bank of Chile (2010) View citations (9) (2010)
9. Global effects of fiscal stimulus during the crisis
   Journal of Monetary Economics, 2010, 57, (5), 506-526 View citations (43)
10. International deflation risks under alternative macroeconomic policies
    Journal of the Japanese and International Economies, 2010, 24, (2), 140-177 View citations (6)
    See also Chapter International Deflation Risks under Alternative Macroeconomic Policies, NBER Chapters, 2010, 140-177 (2010) View citations (2) (2010)
11. Policies to Rebalance the Global Economy After the Financial Crisis
    International Journal of Central Banking, 2010, 6, (1), 215-252 View citations (2)

2008

12. Getting to Know the Global Economy Model and Its Philosophy
    IMF Staff Papers, 2008, 55, (2), 213-242 View citations (33)
13. Les modèles DSGE au FMI: applications et développements récents
    Economie & Prévision, 2008, n° 183-184, (2), 175-198 View citations (1)
    Also in Économie et Prévision, 2008, 183, (2), 175-198 (2008) View citations (1)
14. Oil Price Movements and the Global Economy: A Model-Based Assessment
    IMF Staff Papers, 2008, 55, (2), 297-311 View citations (37)
    See also Working Paper Oil Price Movements and the Global Economy: A Model-Based Assessment, CEPR Discussion Papers (2008) View citations (37) (2008)
15. Optimal price setting and inflation inertia in a rational expectations model
    Journal of Economic Dynamics and Control, 2008, 32, (8), 2584-2621 View citations (18)
16. The Macroeconomic Costs and Benefits of Adopting the Euro
    IMF Staff Papers, 2008, 55, (2), 339-355 View citations (7)
17. Would protectionism defuse global imbalances and spur economic activity? A scenario analysis
    Journal of Economic Dynamics and Control, 2008, 32, (8), 2651-2689 View citations (22)
    See also Working Paper Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis, NBER Working Papers (2006) View citations (8) (2006)

2006

18. Deflationary shocks and monetary rules: An open-economy scenario analysis
    Journal of the Japanese and International Economies, 2006, 20, (4), 665-698 View citations (6)
    See also Working Paper Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis, CEPR Discussion Papers (2006) View citations (6) (2006)

2005

19. Smooth landing or crash? model based scenarios of global current account rebalancing
    Proceedings, 2005 View citations (46)
    See also Working Paper Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing, NBER Working Papers (2005) View citations (59) (2005)
    Chapter Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing, NBER Chapters, 2007, 377-456 (2007) View citations (68) (2007)

2004

20. Some simulation properties of the major euro area economies in MULTIMOD
    Economic Modelling, 2004, 21, (5), 759-783 View citations (9)
    See also Working Paper Some Simulation Properties of the Major Euro Area Economies in Multimod, IMF Working Papers (2003) View citations (6) (2003)
21. The Zero Interest Rate Floor (ZIF) and its Implications for Monetary Policy in Japan
    National Institute Economic Review, 2004, 187, 76-92
    Also in National Institute Economic Review, 2004, 187, (1), 76-92 (2004) View citations (4)
    See also Working Paper The Zero Interest Rate Floor (ZIF) and its Implications for Monetary Policy in Japan, IMF Working Papers (2001) View citations (16) (2001)

2003

22. Monetary rules for small, open, emerging economies
    Journal of Monetary Economics, 2003, 50, (5), 1109-1146 View citations (303)
    See also Working Paper Monetary Rules for Small, Open, Emerging Economies, NBER Working Papers (2003) View citations (301) (2003)
23. Real Interest Rates And Real Exchange Rates: Evidence From Indexed Bonds
    Manchester School, 2003, 71, (1), 65-77 View citations (4)
    See also Working Paper Real Interest Rates and Real Exchange Rates: Evidence from Indexed Bonds, Computing in Economics and Finance 1999 (1999) View citations (2) (1999)
24. When leaner isn't meaner: measuring the benefits and spillovers of greater competition in Europe
    Proceedings, 2003 View citations (3)

2002

25. The Macroeconomic Effects of Higher Oil Prices
    National Institute Economic Review, 2002, 179, (1), 87-103 View citations (15)
    Also in National Institute Economic Review, 2002, 179, 87-103 (2002) View citations (1)
    See also Working Paper The Macroeconomic Effects of Higher Oil Prices, IMF Working Papers (2001) View citations (38) (2001)

2001

26. An Evaluation of Alternative Monetary Policy Rules in a Model with Capacity Constraints
    Journal of Money, Credit and Banking, 2001, 33, (1), 42-64 View citations (34)
27. Inflation targeting with NAIRU uncertainty and endogenous policy credibility
    Journal of Economic Dynamics and Control, 2001, 25, (1-2), 115-148 View citations (29)
    See also Working Paper Inflation Targeting with NAIRU Uncertainty and Endogenous Policy Credibility, IMF Working Papers (2001) View citations (23) (2001)
28. Possible effects of European Monetary Union on Switzerland
    Journal of Policy Modeling, 2001, 23, (5), 531-551 View citations (2)

1999

29. Simple Monetary Policy Rules Under Model Uncertainty
    International Tax and Public Finance, 1999, 6, (4), 537-577 View citations (39)
    See also Working Paper Simple Monetary Policy Rules Under Model Uncertainty, Computing in Economics and Finance 1999 (1999) View citations (38) (1999)
30. The U.S. Phillips curve: The case for asymmetry
    Journal of Economic Dynamics and Control, 1999, 23, (9-10), 1459-1485 View citations (90)
31. World Public Debt and Real Interest Rates
    Oxford Review of Economic Policy, 1999, 15, (2), 77-94 View citations (44)
    See also Working Paper World Public Debt and Real Interest Rates, IMF Working Papers (1995) View citations (21) (1995)

1998

32. A robust method for simulating forward-looking models
    Journal of Economic Dynamics and Control, 1998, 22, (4), 489-501 View citations (34)
33. An algorithm competition: First-order iterations versus Newton-based techniques
    Journal of Economic Dynamics and Control, 1998, 22, (8-9), 1291-1318 View citations (70)

1997

34. Government Debt, Life-Cycle Income, and Liquidity Constraints: Beyond Approximate Ricardian Equivalence
    IMF Staff Papers, 1997, 44, (3), 374-382 View citations (27)
    See also Working Paper Government Debt, Life-Cycle Income and Liquidity Constrains: Beyond Approximate Ricardian Equivalence, IMF Working Papers (1996) View citations (16) (1996)
35. Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States
    IMF Staff Papers, 1997, 44, (2), 249-282 View citations (100)
    See also Working Paper Is the Phillips Curve Really a Curve? Some Evidence for Canada, the United Kingdom, and the United States, IMF Working Papers (1996) View citations (56) (1996)

1996

36. Asymmetry in the U.S. Output-Inflation Nexus
    IMF Staff Papers, 1996, 43, (1), 216-251 View citations (42)

1995

37. Asymmetric Effects of Economic Activity on Inflation: Evidence and Policy Implications
    IMF Staff Papers, 1995, 42, (2), 344-374 View citations (73)
    See also Working Paper Asymmetric Effects of Economic Activityon Inflation: Evidence and Policy Implications, IMF Working Papers (1994) View citations (20) (1994)

Chapters

2018

1. Mitigating the deadly embrace in financial cycles: Countercyclical buffers and loan-to-value limits
   Chapter 5 in Global Economic Modeling A Volume in Honor of Lawrence R. Klein, 2018, pp 90-111 View citations (9)
   See also Working Paper Mitigating the Deadly Embrace in Financial Cycles: Countercyclical Buffers and Loan-to-Value Limits, International Monetary Fund (2016) View citations (10) (2016)

2011

2. Sovereign Wealth Funds and Global Capital Flows: A Macroeconomic Perspective
   Chapter 3 in Sovereign Wealth The Role of State Capital in the New Financial Order, 2011, pp 21-42

2010

3. International Deflation Risks under Alternative Macroeconomic Policies
   A chapter in Sticky Prices and Inflation Dynamics (NBER-TCER-CEPR), 2010, pp 140-177 View citations (2)
   See also Journal Article International deflation risks under alternative macroeconomic policies, Elsevier (2010) View citations (6) (2010)

2007

4. Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing
   A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 377-456 View citations (68)
   See also Journal Article Smooth landing or crash? model based scenarios of global current account rebalancing, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (46) (2005)
   Working Paper Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing, National Bureau of Economic Research, Inc (2005) View citations (59) (2005)
5. Under What Conditions Can Inflation Targeting Be Adopted? The Experience of Emerging Markets
   Chapter 12 in Monetary Policy under Inflation Targeting, 2007, vol. 11, pp 467-506 View citations (110)
   See also Working Paper Under What Conditions Can Inflation Targeting Be Adopted? The Experience of Emerging Markets, Central Bank of Chile (2006) View citations (49) (2006)