Details about Enrique G. Mendoza

E-mail:
Homepage:	http://econ-server.umd.edu/~mendoza/
Phone:	301-405-3548
Postal address:	Department of Economics Tydings Hall University of Maryland College Park, MD 20742
Workplace:	Department of Economics, University of Maryland, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Enrique G. Mendoza.

Last updated 2011-09-28. Update your information in the RePEc Author Service.

Short-id: pme30

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Working Papers

2011

1. A General Equilibrium Model of Sovereign Default and Business Cycles
   IMF Working Papers, International Monetary Fund View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (1)
2. Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
3. How Big (Small?) are Fiscal Multipliers?
   IMF Working Papers, International Monetary Fund
   Also in CEP Discussion Papers, Centre for Economic Performance, LSE (2010) View citations (30)
   NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (6)
4. Overborrowing, Financial Crises and ‘Macro-prudential’ Policy?
   IMF Working Papers, International Monetary Fund View citations (3)

2010

5. Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in IMF Working Papers, International Monetary Fund (2010)
   NBER Working Papers, National Bureau of Economic Research, Inc (2010)
   See also Chapter (2010)
6. On the Solvency of Nations: Are Global Imbalances Consistent with Intertemporal Budget Constraints?
   IMF Working Papers, International Monetary Fund
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2009)
7. Overborrowing, Financial Crises and 'Macro-prudential' Taxes
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
   See also Journal Article in Proceedings (2010)

2009

8. Financial Globalization, Financial Crises and Contagion
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   See also Journal Article in Journal of Monetary Economics (2010)
9. The Finnish Great Depression: From Russia with Love
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
   Also in IZA Discussion Papers, Institute for the Study of Labor (IZA) (2009) View citations (5)

2008

10. A Solution to the Disconnect between Country Risk and Business Cycle Theories
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
11. An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2008) View citations (45)
    IMF Working Papers, International Monetary Fund (2008) View citations (38)
12. Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2008) View citations (4)

2007

13. Financial Integration, Financial Deepness and Global Imbalances
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (33)
14. International Evidence on Fiscal Solvency: Is Fiscal Policy "Responsible"?
    IMF Working Papers, International Monetary Fund View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (9)
    See also Journal Article in Journal of Monetary Economics (2008)
15. On the Welfare Implications of Financial Globalization without Financial Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Chapter (2009)
16. Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism
    IMF Working Papers, International Monetary Fund View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (7)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations (11)
    See also Journal Article in Journal of Development Economics (2009)

2006

17. Are Asset Price Guarantees Useful for Preventing Sudden Stops? A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff
    IMF Working Papers, International Monetary Fund View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (6)
    See also Journal Article in Journal of International Economics (2006)
18. Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
19. Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
20. Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
    2006 Meeting Papers, Society for Economic Dynamics View citations (2)
21. Lessons From the Debt-Deflation Theory of Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article in American Economic Review (2006)
22. Public Debt, Fiscal Solvency, and Macroeconomic Uncertainty in Latin America: The Cases of Brazil, Colombia, Costa Rica, and Mexico
    Staff General Research Papers, Iowa State University, Department of Economics View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (9)
    See also Journal Article in Economia Mexicana NUEVA EPOCA (2009)
23. Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies
    IMF Working Papers, International Monetary Fund View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (12)

2005

24. Sudden Stops in an Equilibrium Business Cycle Model with Credit Constraints: A Fisherian Deflation of Tobin's Q
    2005 Meeting Papers, Society for Economic Dynamics View citations (20)

2004

25. Public Debt, Fiscal Solvency & Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
    2004 Meeting Papers, Society for Economic Dynamics
26. Public Debt, Fiscal Solvency, and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
    Econometric Society 2004 North American Summer Meetings, Econometric Society View citations (4)
27. Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2004) View citations (1)
    See also Journal Article in Proceedings (2004)
28. Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article in Journal of International Economics (2006)
29. Winners and Losers of Tax Competition in the European Union
    Working Papers, Research Seminar in International Economics, University of Michigan
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (1)

2003

30. A Quantitative Analysis of Tax Competition v. Tax Coordination under Perfect Capital Mobility
    Working Papers, Research Seminar in International Economics, University of Michigan View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (5)

2002

31. Credit Frictions and 'Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
    Also in RES Working Papers, Inter-American Development Bank, Research Department (2002) View citations (25)
32. Fricciones crediticias y 'paradas repentinas' en pequeñas economías abiertas: un marco de equilibrio del ciclo económico para crisis en mercados emergentes
    RES Working Papers, Inter-American Development Bank, Research Department
33. Margin Calls, Trading Costs, and Asset Prices in Emerging Markets: The Finanical Mechanics of the 'Sudden Stop' Phenomenon
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
34. Why Should Emerging Economies Give Up National Currencies? A Case for Institutions Substitution
    RES Working Papers, Inter-American Development Bank, Research Department View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (7)
35. ¿Por qué deben las economías emergentes renunciar a su moneda nacional? El argumento a favor
    RES Working Papers, Inter-American Development Bank, Research Department

2001

36. Credit, Prices, and Crashes: Business Cycles with a Sudden Stop
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    See also Chapter (2002)
37. The International Macroeconomics of Taxation and the Case Against European Tax Harmonization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2000

38. On the Benefits of Dollarization when Stabilization Policy Is Not Credible and Financial Markets are Imperfect
    Working Papers, Duke University, Department of Economics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (7)
39. On the Instability of Variance Decompositions of the Real Exchange Rate Across Exchange- Rate-Regimes: Evidence from Mexico and the United States
    Working Papers, Duke University, Department of Economics View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (6)

1999

40. Devaluation Risk and the Syndrome of Exchange-Rate-Based Stabilizations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
41. Regional Contagion and the Globalization of Securities Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article in Journal of International Economics (2000)
42. The Business Cycles of Balance-of-Payment Crises: A Revision of Mundellan Framework
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

1998

43. Empirical Puzzles of Chilean Stabilization Policy
    Working Papers, Duke University, Department of Economics View citations (13)
44. The business cycles of currency speculation: a revision of the Mundellian framework
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)

1997

45. Rational Herd Behavior and the Globalization of Securities Markets
    Working Papers, Duke University, Department of Economics View citations (11)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1997) View citations (31)
46. The Syndrome of Exchange-Rate-Based Stabilizations and the Uncertain Duration of Currency Pegs
    Working Papers, Duke University, Department of Economics View citations (5)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (5)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1997) View citations (3)

1996

47. 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.) View citations (107)
    See also Journal Article in Journal of International Economics (1996)
48. On the Ineffectiveness of Tax Policy in Altering Long- Run Growth: Harberger's Superneutrality Conjecture
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (35)
    See also Journal Article in Journal of Public Economics (1997)

1995

49. Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture
    IMF Working Papers, International Monetary Fund View citations (4)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (2)
50. Effective Tax Rates in Macroeconomics: Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (121)
    See also Journal Article in Journal of Monetary Economics (1994)
51. Supply-Side Economics in a Global Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (10)
    See also Journal Article in American Economic Review (1998)

1994

52. Computing Effective Tax Rates on Factor Incomes and Consumption: An International Macroeconomic Perspective
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
53. Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?
    IMF Working Papers, International Monetary Fund View citations (4)
54. Monetary Transmission and Financial Indexation - Evidence from the Chilean Economy
    IMF Papers on Policy Analysis and Assessments, International Monetary Fund View citations (2)
    Also in IMF Policy Discussion Papers, International Monetary Fund (1994)
55. Terms-of-trade uncertainty and economic growth: are risk indicators significant in growth regressions?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (6)
56. Trade Reforms of Uncertain Duration and Real Uncertainty - A First Approximation
    IMF Working Papers, International Monetary Fund View citations (2)
    See also Journal Article in IMF Staff Papers (1994)

1993

57. A Comparative Analysis of the Structure of Tax Systems in Industrial Countries
    IMF Working Papers, International Monetary Fund View citations (1)
58. Supply-Side Economics in an Integrated World Economy
    IMF Working Papers, International Monetary Fund View citations (1)

1992

59. A Quantitative Examination of Current Account Dynamics in Equilibrium Models of Barter Economies
    IMF Working Papers, International Monetary Fund View citations (1)
60. Robustness of Macroeconomic Indicators of Capital Mobility
    IMF Working Papers, International Monetary Fund View citations (15)
61. The Terms of Trade and Economic Fluctuations
    IMF Working Papers, International Monetary Fund View citations (7)

1991

62. Efficient Arbitrage Under Financial Indexation - The Case of Chile
    IMF Working Papers, International Monetary Fund

1990

63. The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade
    IMF Working Papers, International Monetary Fund

1989

64. A QUANTITATIVE INVESTIGATION OF THE MACROECONOMIC EFFECTS OF CAPITAL CONTROLS AND THE STABILIZATION OF BALANCE OF TRADE
    UWO Department of Economics Working Papers, University of Western Ontario, Department of Economics View citations (1)
65. BUSINESS CYCLES, ADJUSTMENT COSTS AN THE THEORY OF INVESTMENT IN SMALL OPEN ECONOMY
    UWO Department of Economics Working Papers, University of Western Ontario, Department of Economics

Journal Articles

2010

1. Financial globalization, financial crises and contagion
   Journal of Monetary Economics, 2010, 57, (1), 24-39 View citations (2)
   See also Working Paper (2009)
2. Overborrowing, financial crises and ‘macro-prudential’ taxes
   Proceedings, 2010, (Oct)
   See also Working Paper (2010)
3. Sudden Stops, Financial Crises, and Leverage
   American Economic Review, 2010, 100, (5), 1941-66 View citations (15)

2009

4. Financial Integration, Financial Development, and Global Imbalances
   Journal of Political Economy, 2009, 117, (3), 371-416 View citations (4)
5. New perspectives on financial globalization: A symposium for the Journal of Development Economics
   Journal of Development Economics, 2009, 89, (2), 163-163
6. Precautionary demand for foreign assets in Sudden Stop economies: An assessment of the New Mercantilism
   Journal of Development Economics, 2009, 89, (2), 194-209 View citations (19)
   See also Working Paper (2007)
7. Public Debt, Fiscal Solvency and Macroeconomic Uncertainty in Latin America The Cases of Brazil, Colombia, Costa Rica and Mexico
   Economia Mexicana NUEVA EPOCA, 2009, XVIII, (2), 133-173
   See also Working Paper (2006)

2008

8. International evidence on fiscal solvency: Is fiscal policy "responsible"?
   Journal of Monetary Economics, 2008, 55, (6), 1081-1093
   See also Working Paper (2007)

2006

9. "Emerging markets and macroeconomic volatility: Lessons from a decade of financial debacles", a symposium for the Journal of International Economics
   Journal of International Economics, 2006, 69, (1), 1-5 View citations (1)
10. Are asset price guarantees useful for preventing Sudden Stops?: A quantitative investigation of the globalization hazard-moral hazard tradeoff
    Journal of International Economics, 2006, 69, (1), 84-119 View citations (5)
    See also Working Paper (2006)
11. EconomicDynamics Interviews Enrique Mendoza on Financial Frictions, Sudden Stops and Global Imbalances
    EconomicDynamics Newsletter, 2006, 8, (1)
12. Lessons from the Debt-Deflation Theory of Sudden Stops
    American Economic Review, 2006, 96, (2), 411-416 View citations (6)
    See also Working Paper (2006)
13. Quantitative implications of a debt-deflation theory of Sudden Stops and asset prices
    Journal of International Economics, 2006, 70, (1), 82-114 View citations (21)
    See also Working Paper (2004)

2005

14. TOWARD AN ECONOMIC THEORY OF REALITY: AN INTERVIEW WITH GUILLERMO A. CALVO
    Macroeconomic Dynamics, 2005, 9, (01), 123-145
15. Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU
    Journal of Monetary Economics, 2005, 52, (1), 163-204 View citations (11)

2004

16. Introduction: macroeconomic implications of capital flows in a global economy
    Journal of Economic Theory, 2004, 119, (1), 1-5
17. Por qué las economías emergentes deberían renunciar a sus monedas nacionales. La dolarización como un caso de la "sustitución de instituciones"
    El Trimestre Económico, 2004, LXXI (1), (281), 7-41
18. Putting the brakes on Sudden Stops: the financial frictions - moral hazard tradeoff of asset price guarantees
    Proceedings, 2004, (Jun) View citations (1)
    See also Working Paper (2004)

2001

19. The Benefits of Dollarization When Stabilization Policy Lacks Credibility and Financial Markets Are Imperfect
    Journal of Money, Credit and Banking, 2001, 33, (2), 440-74 View citations (22)
    Also in Proceedings, 2001, 440-481 (2001) View citations (29)

2000

20. Capital-Markets Crises and Economic Collapse in Emerging Markets: An Informational-Frictions Approach
    American Economic Review, 2000, 90, (2), 59-64 View citations (19)
21. Devaluation risk and the business-cycle implications of exchange-rate management
    Carnegie-Rochester Conference Series on Public Policy, 2000, 53, (1), 239-296 View citations (28)
22. Rational contagion and the globalization of securities markets
    Journal of International Economics, 2000, 51, (1), 79-113 View citations (140)
    See also Working Paper (1999)

1998

23. The International Ramifications of Tax Reforms: Supply-Side Economics in a Global Economy
    American Economic Review, 1998, 88, (1), 226-45 View citations (24)
    See also Working Paper (1995)

1997

24. Comment on "Short-Run Independence of Monetary Policy under Pegged Exchange Rates."
    Journal of Money, Credit and Banking, 1997, 29, (4), 807-10
25. On the ineffectiveness of tax policy in altering long-run growth: Harberger's superneutrality conjecture
    Journal of Public Economics, 1997, 66, (1), 99-126 View citations (74)
    See also Working Paper (1996)
26. Terms-of-trade uncertainty and economic growth
    Journal of Development Economics, 1997, 54, (2), 323-356 View citations (40)

1996

27. Mexico's balance-of-payments crisis: a chronicle of a death foretold
    Journal of International Economics, 1996, 41, (3-4), 235-264 View citations (66)
    See also Working Paper (1996)
28. Petty Crime and Cruel Punishment: Lessons from the Mexican Debacle
    American Economic Review, 1996, 86, (2), 170-75 View citations (17)

1995

29. The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations
    International Economic Review, 1995, 36, (1), 101-37 View citations (140)

1994

30. Effective tax rates in macroeconomics: Cross-country estimates of tax rates on factor incomes and consumption
    Journal of Monetary Economics, 1994, 34, (3), 297-323 View citations (163)
    See also Working Paper (1995)
31. The Balassa-Samuelson Model: A General-Equilibrium Appraisal
    Review of International Economics, 1994, 2, (3), 244-67 View citations (46)
32. Trade Reforms of Uncertain Duration and Real Uncertainty: A First Approximation
    IMF Staff Papers, 1994, 41, (4), 555-586 View citations (2)
    See also Working Paper (1994)

1992

33. Dynamic gains from North American free trade in an equilibrium model of the current account
    The North American Journal of Economics and Finance, 1992, 3, (2), 141-161
34. Fisherian Transmission and Efficient Arbitrage under Partial Financial Indexation: The Case of Chile
    IMF Staff Papers, 1992, 39, (1), 121-147
35. The Effects of Macroeconomic Shocks in a Basic Equilibrium Framework
    IMF Staff Papers, 1992, 39, (4), 855-889 View citations (6)

1991

36. Capital Controls and the Gains from Trade in a Business Cycle Model of a Small Open Economy
    IMF Staff Papers, 1991, 38, (3), 480-505 View citations (16)
37. Real Business Cycles in a Small Open Economy
    American Economic Review, 1991, 81, (4), 797-818 View citations (245)

Chapters

2010

1. Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis
   A chapter in Wealth, Financial Intermediation and the Real Economy, 2010
   See also Working Paper (2010)

2009

2. Comment on "Financial Integration within EU Countries: The Role of Institutions, Confidence and Trust"
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 395-400
3. On the Welfare Implications of Financial Globalization without Financial Development
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 283-312 View citations (5)
   See also Working Paper (2007)

2002

4. Credit, Prices, and Crashes: Business Cycles with a Sudden Stop
   A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 335-392 View citations (24)
   See also Working Paper (2001)

2000

5. Contagion, Globalization, and the Volatility of Capital Flows
   A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 15-42 View citations (8)