Details about Maurice Obstfeld

E-mail:
Homepage:	http://mauriceobstfeld.com
Workplace:	Department of Economics, University of California-Berkeley, (more information at EDIRC)

Access statistics for papers by Maurice Obstfeld.

Last updated 2024-07-08. Update your information in the RePEc Author Service.

Short-id: pob13

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Working Papers

2024

1. Economic Multilateralism 80 Years after Bretton Woods
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, Peterson Institute for International Economics (2024) View citations (2)
   See also Journal Article Economic multilateralism 80 years after Bretton Woods, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2024) View citations (2) (2024)
2. Misconceptions about US trade deficits muddy the economic policy debate
   Policy Briefs, Peterson Institute for International Economics
3. Mistaken identities make for bad trade policy
   Policy Briefs, Peterson Institute for International Economics
4. Understanding Korea's long-run real exchange rate behavior
   Working Paper Series, Peterson Institute for International Economics
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)
5. Understanding Korea’s Long-Run Real Exchange Rate Behavior
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2023

6. Natural and Neutral Real Interest Rates: Past and Future
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
7. Perspectives on r-bar and r-star
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
8. The Global Dollar Cycle
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (13)
   See also Journal Article The Global Dollar Cycle, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (2022) View citations (4) (2022)

2022

9. Economie Internationale (12e ed.)
   Post-Print, HAL
10. The international financial system after COVID-19
    Working Paper Series, Peterson Institute for International Economics

2021

11. An uneven global rebound will challenge emerging-market and developing economies
    Policy Briefs, Peterson Institute for International Economics View citations (1)
12. Lessons of Keynes's Economic Consequences in a Turbulent Century
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge
    Also in Janeway Institute Working Papers, Faculty of Economics, University of Cambridge (2021)
13. Lessons of Keynes’s Economic Consequences in a Turbulent Century
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
14. The Global Capital Market Reconsidered
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article The global capital market reconsidered, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2021) View citations (4) (2021)

2020

15. Globalization Cycles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article Globalization Cycles, Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer (2020) (2020)
16. Globalization and Nationalism: Retrospect and Prospect
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article Globalization and nationalism: Retrospect and prospect, Contemporary Economic Policy, Western Economic Association International (2021) View citations (2) (2021)
17. Harry Johnson's "case for flexible exchange rates"—50 years later
    Working Paper Series, Peterson Institute for International Economics View citations (1)
18. Harry Johnson’s “Case for Flexible Exchange Rates†– 50 Years Later
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
19. Harry Johnson’s “Case for Flexible Exchange Rates” – 50 Years Later
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Harry Johnson's “Case for flexible exchange rates”—50 years later, Manchester School, University of Manchester (2020) View citations (1) (2020)

2019

20. Covered Interest Parity Deviations: Macrofinancial Determinants
    IMF Working Papers, International Monetary Fund View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (15)
    See also Chapter Covered Interest Parity Deviations: Macrofinancial Determinants, NBER Chapters, National Bureau of Economic Research, Inc (2020) View citations (3) (2020)
    Journal Article Covered interest parity deviations: Macrofinancial determinants, Journal of International Economics, Elsevier (2021) View citations (8) (2021)
21. Global Dimensions of U.S. Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Working Paper Series, Peterson Institute for International Economics (2019) View citations (18)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (9)
    See also Journal Article Global Dimensions of U.S. Monetary Policy, International Journal of Central Banking, International Journal of Central Banking (2020) View citations (21) (2020)
22. REVISITING THE ECONOMIC CASE FOR FISCAL UNION IN THE EURO AREA
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in IMF Departmental Papers / Policy Papers, International Monetary Fund (2018) View citations (10)
    See also Journal Article Revisiting the Economic Case for Fiscal Union in the Euro Area, IMF Economic Review, Palgrave Macmillan (2019) View citations (14) (2019)

2018

23. China's Bond Market and Global Financial Markets
    IMF Working Papers, International Monetary Fund View citations (1)
24. Global Financial Cycles and the Exchange Rate Regime: A Perspective from Emerging Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    See also Journal Article Global Financial Cycles and the Exchange Rate Regime: A Perspective from Emerging Markets, AEA Papers and Proceedings, American Economic Association (2018) View citations (15) (2018)
25. Twenty Five Years of Global Imbalances
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

2017

26. A Tie That Binds: Revisiting the Trilemma in Emerging Market Economies
    IMF Working Papers, International Monetary Fund View citations (44)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (44)
    See also Journal Article A Tie That Binds: Revisiting the Trilemma in Emerging Market Economies, The Review of Economics and Statistics, MIT Press (2019) View citations (83) (2019)
27. International Monetary Relations: Taking Finance Seriously
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (28)
    See also Journal Article International Monetary Relations: Taking Finance Seriously, Journal of Economic Perspectives, American Economic Association (2017) View citations (28) (2017)
28. Revisiting Speculative Hyperinflations in Monetary Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    See also Journal Article Revisiting speculative hyperinflations in monetary models, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2021) View citations (4) (2021)

2016

29. How to Improve Inflation Targeting in Canada
    IMF Working Papers, International Monetary Fund View citations (10)
30. 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)

2015

31. Trilemmas and trade-offs: living with financial globalisation
    BIS Working Papers, Bank for International Settlements View citations (95)
    See also Chapter Trilemmas and Tradeoffs: Living with Financial Globalization, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2021) View citations (8) (2021)

2014

32. In Search of the Armington Elasticity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (62)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (122)
    See also Journal Article In Search of the Armington Elasticity, The Review of Economics and Statistics, MIT Press (2018) View citations (70) (2018)
33. Never Say Never: Commentary on a Policymaker?s Reflections
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (17)
    See also Journal Article Never Say Never: Commentary on a Policymaker’s Reflections, IMF Economic Review, Palgrave Macmillan (2014) View citations (17) (2014)
34. The Euro and The Geography of International Debt Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (42)
    Working Paper Series, Federal Reserve Bank of San Francisco (2014) View citations (26)
    See also Chapter The Euro and the Geography of International Debt Flows, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (8) (2013)
    Journal Article THE EURO AND THE GEOGRAPHY OF INTERNATIONAL DEBT FLOWS, Journal of the European Economic Association, European Economic Association (2016) View citations (74) (2016)

2013

35. Economie internationale, 9e édition
    PSE-Ecole d'économie de Paris (Postprint), HAL
    Also in Post-Print, HAL (2013)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2013)
36. Finance at Center Stage: Some Lessons of the Euro Crisis
    European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (85)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (85)
37. On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (30)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (30)
    See also Journal Article On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2013) View citations (31) (2013)

2012

38. Does the Current Account Still Matter?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (225)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (233)
    See also Journal Article Does the Current Account Still Matter?, American Economic Review, American Economic Association (2012) View citations (225) (2012)
39. The Case for Open-Market Purchases in a Liquidity Trap
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley View citations (1)
    Also in Macroeconomics, University Library of Munich, Germany (2004) View citations (14)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2004) View citations (12)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (10)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2012)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2012) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (37)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2012)
    See also Journal Article The Case for Open-Market Purchases in a Liquidity Trap, American Economic Review, American Economic Association (2005) View citations (141) (2005)
40. Économie internationale
    PSE-Ecole d'économie de Paris (Postprint), HAL View citations (1)
    Also in Post-Print, HAL (2009)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2012) View citations (1)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2009)
    Post-Print, HAL (2012) View citations (1)

2011

41. Financial Flows, Financial Crises, and Global Imbalances
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
    See also Journal Article Financial flows, financial crises, and global imbalances, Journal of International Money and Finance, Elsevier (2012) View citations (122) (2012)
42. International Liquidity: The Fiscal Dimension
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2011) View citations (29)
43. Stories of the Twentieth Century for the Twenty-First
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (27)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (32)
    See also Journal Article Stories of the Twentieth Century for the Twenty-First, American Economic Journal: Macroeconomics, American Economic Association (2012) View citations (519) (2012)
44. The International Monetary System: Living with Asymmetry
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (5)
    See also Chapter The International Monetary System: Living with Asymmetry, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (16) (2013)

2009

45. Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (201)
    See also Journal Article Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008, American Economic Review, American Economic Association (2009) View citations (193) (2009)
46. Global Imbalances and the Financial Crisis: Products of Common Causes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (273)
    See also Journal Article Global imbalances and the financial crisis: products of common causes, Proceedings, Federal Reserve Bank of San Francisco (2009) View citations (198) (2009)
47. International Finance and Growth in Developing Countries: What Have We Learned?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (162)
48. Lenders of Last Resort in a Globalized World
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (24)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (24)
49. Time of Troubles: The Yen and Japan's Economy, 1985-2008
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)

2008

50. Financial Stability, the Trilemma, and International Reserves
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (87)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (74)
    See also Journal Article Financial Stability, the Trilemma, and International Reserves, American Economic Journal: Macroeconomics, American Economic Association (2010) View citations (253) (2010)

2007

51. The Renminbi's Dollar Peg at the Crossroads
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (1)
    Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2006) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (7)
    See also Journal Article The Renminbi's Dollar Peg at the Crossroads, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2007) View citations (1) (2007)

2006

52. Implications for the Yen of Japanese Current Account Adjustment
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley View citations (4)
    See also Journal Article Implications for the Yen of Japanese Current Account Adjustment, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2006) View citations (4) (2006)
53. Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)

2005

54. America’s Deficit, the World’s Problem
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley View citations (4)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2005) View citations (2)
55. Monetary Policy in the Open Economy Revisited: The Case for Exchange-Rate Flexibility Restored
    2005 Meeting Papers, Society for Economic Dynamics View citations (28)
    See also Journal Article Monetary policy in the open economy revisited: The case for exchange-rate flexibility restored, Journal of International Money and Finance, Elsevier (2008) View citations (54) (2008)
56. The Unsustainable US Current Account Position Revisited
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (58)
    Also in Working Paper, Harvard University OpenScholar View citations (311)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2005) View citations (36)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2005) View citations (54)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (175)
    See also Journal Article The unsustainable U.S. current account position revisited, Proceedings, Federal Reserve Bank of San Francisco (2005) View citations (43) (2005)
    Chapter The Unsustainable US Current Account Position Revisited, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (77) (2007)

2004

57. External Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (76)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (74)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2004) View citations (73)
    See also Journal Article External adjustment, Review of World Economics (Weltwirtschaftliches Archiv), Springer (2004) View citations (39) (2004)
58. Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley View citations (36)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (36)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (34)
59. Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley View citations (92)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (93)
    International Finance, University Library of Munich, Germany (2004) View citations (76)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (91)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (93)
    See also Journal Article Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period, IMF Staff Papers, Palgrave Macmillan (2004) View citations (96) (2004)
60. Monetary and Fiscal Remedies for Deflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Monetary and Fiscal Remedies for Deflation, American Economic Review, American Economic Association (2004) View citations (11) (2004)
61. The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (49)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (50)
    International Finance, University Library of Munich, Germany (2004) View citations (49)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2004) View citations (59)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (66)
    See also Journal Article The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility, The Review of Economics and Statistics, MIT Press (2005) View citations (423) (2005)

2003

62. Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics
    International Finance, University Library of Munich, Germany View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (101)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2002) View citations (100)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2002) View citations (92)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (102)
    See also Journal Article Exchange Rates and Adjustment: Perspectives from the New Open- Economy Macroeconomics, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2002) View citations (99) (2002)
63. Global Implications of Self-Oriented National Monetary Rules
    Macroeconomics, University Library of Munich, Germany View citations (31)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2001) View citations (11)
    Scholarly Articles, Harvard University Department of Economics (2002) View citations (284)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (2)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2001) View citations (12)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (2001) View citations (34)
    See also Journal Article Global Implications of Self-Oriented National Monetary Rules, The Quarterly Journal of Economics, President and Fellows of Harvard College (2002) View citations (308) (2002)
64. International Macroeconomics: Beyond the Mundell-Fleming Model
    International Finance, University Library of Munich, Germany View citations (5)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (2001) View citations (129)
    NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations (128)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2001) View citations (111)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2001) View citations (138)
65. Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (54)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (83)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2003) View citations (113)
    International Trade, University Library of Munich, Germany (2003) View citations (73)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (2)
    See also Journal Article Sovereign risk, credibility and the gold standard: 1870-1913 versus 1925-31, Economic Journal, Royal Economic Society (2003) View citations (66) (2003)

2002

66. Globalization and Capital Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (157)
    See also Chapter Globalization and Capital Markets, NBER Chapters, National Bureau of Economic Research, Inc (2003) View citations (88) (2003)

2001

67. Perspectives on OECD Economic Integration: Implications for US Current Account Adjustment
    International Trade, University Library of Munich, Germany View citations (26)
    Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2000) View citations (92)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (2000) View citations (86)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2000) View citations (89)
    See also Journal Article Perspectives on OECD economic integration: implications for U.S. current account adjustment, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2000) View citations (40) (2000)
68. The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
    International Trade, University Library of Munich, Germany View citations (600)
    Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2000) View citations (1648)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2000) View citations (1454)
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (1634)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (2000) View citations (1598)
    Working Paper, Harvard University OpenScholar View citations (1636)
    See also Chapter The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?, NBER Chapters, National Bureau of Economic Research, Inc (2001) View citations (503) (2001)

2000

69. Do We Really Need a New International Monetary Compact?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
70. EMU: Ready, or Not?
    International Trade, University Library of Munich, Germany
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1998) View citations (26)
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (6)
    Princeton Essays in International Economics, International Economics Section, Departement of Economics Princeton University, (1998) View citations (15)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1998) View citations (30)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (1998) View citations (27)
71. New Directions for Stochastic Open Economy Models
    International Finance, University Library of Munich, Germany View citations (613)
    Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (1999) View citations (53)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1999) View citations (55)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1999) View citations (48)
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (52)
    See also Journal Article New directions for stochastic open economy models, Journal of International Economics, Elsevier (2000) View citations (607) (2000)
72. The Global Capital Market: Benefactor or Menace?
    International Finance, University Library of Munich, Germany View citations (1)
    Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (1998) View citations (336)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (348)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1998) View citations (316)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1998) View citations (336)
    See also Journal Article The Global Capital Market: Benefactor or Menace?, Journal of Economic Perspectives, American Economic Association (1998) View citations (336) (1998)

1999

73. A Strategy for Launching the Euro
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (8)
    See also Journal Article A strategy for launching the Euro, European Economic Review, Elsevier (1998) View citations (13) (1998)
74. Open-Economy Macroeconomics, Developments in Theory and Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in Working Paper, Economics Department, Queen's University (1997) View citations (7)
    See also Journal Article Open‐Economy Macroeconomics: Developments in Theory and Policy, Scandinavian Journal of Economics, Wiley Blackwell (1998) (1998)
75. Regional Nonadjustment and Fiscal Policy: Lessons for EMU
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1998) View citations (32)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1998) View citations (23)

1998

76. Foreign Resource Inflows, Saving, and Growth
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics View citations (10)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1998) View citations (12)
77. Risk and Exchange Rate
    Working Papers, Princeton, Woodrow Wilson School - Public and International Affairs View citations (71)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (256)

1997

78. Dynamic Seigniorage Theory: An Exploration
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations (22)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1997) View citations (12)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1997) View citations (14)
    NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (4)
79. Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (375)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1997) View citations (357)
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (271)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (424)
    See also Journal Article Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited, Journal of the Japanese and International Economies, Elsevier (1997) View citations (438) (1997)
80. Saving, Investment, and Gold: A Reassessment of Historical Current Account Data
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (36)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (36)
81. The Great Depression as a Watershed: International Capital Mobility over the Long Run
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (73)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (45)
    See also Chapter The Great Depression as a Watershed: International Capital Mobility over the Long Run, NBER Chapters, National Bureau of Economic Research, Inc (1998) View citations (83) (1998)

1996

82. Destabilizing Effects of Exchange-Rate Escape Clauses
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics View citations (5)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1996) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations (38)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1996) View citations (24)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations (28)
    See also Journal Article Destabilizing effects of exchange-rate escape clauses, Journal of International Economics, Elsevier (1997) View citations (87) (1997)
83. Intertemporal Price Speculation and the Optimal Current-Account Deficit: Reply and Clarification
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (6)
    Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (1996) View citations (6)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1996) View citations (8)
    See also Journal Article Intertemporal price speculation and the optimal current-account deficit: reply and clarification, Journal of International Money and Finance, Elsevier (1996) View citations (7) (1996)
84. Models of Currency Crises with Self-fulfilling Features
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (631)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (57)
    See also Journal Article Models of currency crises with self-fulfilling features, European Economic Review, Elsevier (1996) View citations (636) (1996)

1995

85. Evaluating Risky Consumption Paths: The Role of Intertemporal Substitutability
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Evaluating risky consumption paths: The role of intertemporal substitutability, European Economic Review, Elsevier (1994) View citations (197) (1994)
86. Exchange Rate Dynamics Redux
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (1489)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (13)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1995) View citations (1557)
    Scholarly Articles, Harvard University Department of Economics (1995) View citations (1527)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (1513)
    See also Journal Article Exchange Rate Dynamics Redux, Journal of Political Economy, University of Chicago Press (1995) View citations (1510) (1995)
87. The Mirage of Fixed Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (533)
    Also in Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1995) View citations (512)
    See also Journal Article The Mirage of Fixed Exchange Rates, Journal of Economic Perspectives, American Economic Association (1995) View citations (536) (1995)

1994

88. International Capital Mobility in the 1990s
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations (7)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1994) View citations (21)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1994) View citations (38)
    NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (27)
89. The Intertemporal Approach to the Current Account
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (73)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (133)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1994) View citations (78)
    See also Chapter The intertemporal approach to the current account, Handbook of International Economics, Elsevier (1995) View citations (384) (1995)
90. The Logic of Currency Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (555)

1993

91. Are Industrial-Country Consumption Risks Globally Diversified?
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics View citations (42)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (145)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1993) View citations (22)
92. Model Trending Real Exchange Rates
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (63)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1993) View citations (86)
93. Risk-Taking, Global Diversification, and Growth
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (1)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (9)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1993) View citations (18)
    NBER Working Papers, National Bureau of Economic Research, Inc (1992) View citations (26)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations (13)
    See also Journal Article Risk-Taking, Global Diversification, and Growth, American Economic Review, American Economic Association (1994) View citations (745) (1994)

1992

94. International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition, Review of International Economics, Wiley Blackwell (1992) View citations (14) (1992)
95. The Adjustment Mechanism
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1991) View citations (8)
    See also Chapter The Adjustment Mechanism, NBER Chapters, National Bureau of Economic Research, Inc (1993) View citations (26) (1993)

1991

96. Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (111)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (36)
    See also Journal Article Exchange-rate dynamics under stochastic regime shifts: A unified approach, Journal of International Economics, Elsevier (1991) View citations (101) (1991)

1990

97. A Model of Currency Depreciation and the Debt-Inflation Spiral
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article A model of currency depreciation and the debt-inflation spiral, Journal of Economic Dynamics and Control, Elsevier (1991) View citations (16) (1991)

1989

98. Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (213)
    See also Journal Article Commodity trade and international risk sharing: How much do financial markets matter?, Journal of Monetary Economics, Elsevier (1991) View citations (761) (1991)
99. Intertemporal Dependence, Impatience, and Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Intertemporal dependence, impatience, and dynamics, Journal of Monetary Economics, Elsevier (1990) View citations (179) (1990)
100. Intrinsic Bubbles: The Case of Stock Prices
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
     See also Journal Article Intrinsic Bubbles: The Case of Stock Prices, American Economic Review, American Economic Association (1991) View citations (308) (1991)
101. Stochastic Process Switching: Some Simple Solutions
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
     See also Journal Article Stochastic Process Switching: Some Simple Solutions, Econometrica, Econometric Society (1991) View citations (51) (1991)

1988

102. Competitiveness, Realignment, and Speculation: The Role of Financial Markets
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
103. Exchange-Rate Dynamics and Optimal Asset Accumulation Revisited
     NBER Technical Working Papers, National Bureau of Economic Research, Inc
104. Fiscal Deficits and Relative Prices in a Growing World Economy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
     See also Journal Article Fiscal deficits and relative prices in a growing world economy, Journal of Monetary Economics, Elsevier (1989) View citations (50) (1989)
105. The Effectiveness of Foreign-Exchange Intervention: Recent Experience
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)

1987

106. Peso Problems, Bubbles, and Risk in the Empirical Assessment of Exchange-Rate Behavior
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)

1986

107. How Integrated are World Capital Markets? Some New Tests
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
108. International Finance
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)

1985

109. Capital Mobility in the World Economy: Theory and Measurement
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (139)
     See also Journal Article Capital mobility in the world economy: Theory and measurement, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1986) View citations (259) (1986)
110. Optimal Time-Consistent Fiscal Policy with Uncertain Lifetimes
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
111. Ruling Out Nonstationary Speculative Bubbles
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

1984

112. Capital Controls, The Dual Exchange Rate, and Devaluation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
     See also Journal Article Capital controls, the dual exchange rate, and devaluation, Journal of International Economics, Elsevier (1986) View citations (26) (1986)
113. Capital Flows, the Current Account, and the Real Exchange Rate: Consequences of Liberalization and Stabilization
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
114. Rational and Self-Fulfilling Balance-of-Payments Crises
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (218)
     See also Journal Article Rational and Self-fulfilling Balance-of-Payments Crises, American Economic Review, American Economic Association (1986) View citations (480) (1986)
115. Speculative Attack and the External Constraint in a Maximizing Model of the Balance of Payments
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
     See also Journal Article Speculative Attack and the External Constraint in a Maximizing Model of the Balance of Payments, Canadian Journal of Economics, Canadian Economics Association (1986) View citations (52) (1986)
116. The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
     See also Journal Article The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation, The Review of Economic Studies, Review of Economic Studies Ltd (1985) View citations (31) (1985)

1983

117. Balance-of-Payments Crises and Devaluation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
     See also Journal Article Balance-of-Payments Crises and Devaluation, Journal of Money, Credit and Banking, Blackwell Publishing (1984) View citations (58) (1984)
118. Exchange Rate Dynamics With Sluggish Prices Under Alternative Price-Adjustment Rules
     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.) (1983) View citations (2)
     See also Journal Article Exchange Rate Dynamics with Sluggish Prices under Alternative Price-Adjustment Rules, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1984) View citations (47) (1984)
119. Exchange-Rate Dynamics
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (67)
     See also Chapter Exchange-rate dynamics, Handbook of International Economics, Elsevier (1985) View citations (22) (1985)
120. Intertemporal Price Speculation and the Optimal Current-Account Deficit
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
     See also Journal Article Intertemporal price speculation and the optimal current-account deficit, Journal of International Money and Finance, Elsevier (1983) View citations (34) (1983)
121. Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?
     Scholarly Articles, Harvard University Department of Economics View citations (226)
     Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1981) View citations (2)
     NBER Working Papers, National Bureau of Economic Research, Inc (1982) View citations (100)
     See also Journal Article Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?, Journal of Political Economy, University of Chicago Press (1983) View citations (245) (1983)
122. Two-Step Two-Stage Least Squares Estimation in Models with Rational Expectations
     NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations (97)
     See also Journal Article Two-step two-stage least squares estimation in models with rational expectations, Journal of Econometrics, Elsevier (1983) View citations (100) (1983)

1982

123. Can We Sterilize? Theory and Evidence
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
     See also Journal Article Can We Sterilize? Theory and Evidence, American Economic Review, American Economic Association (1982) View citations (30) (1982)
124. Exchange Rates, Inflation and the Sterilization Problem: Germany, 1975-1981
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Exchange rates, inflation, and the sterilization problem: Germany, 1975-1981, European Economic Review, Elsevier (1983) View citations (22) (1983)
125. International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates: A Review of Recent Evidence
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
     See also Chapter International Interest Rate and Price Level Linkages under Flexible Exchange Rates: A Review of Recent Evidence, NBER Chapters, National Bureau of Economic Research, Inc (1984) View citations (154) (1984)
126. Transitory Terms-of-Trade Shocks and the Current Account: The Case of Constant Time Preference
     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.) (1981)

1981

127. Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
     See also Journal Article Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?, The Quarterly Journal of Economics, President and Fellows of Harvard College (1982) View citations (300) (1982)
128. Capital Mobility and the Scope for Sterilization: Mexico in the 1970s
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1981) View citations (5)
     See also Chapter Capital Mobility and the Scope for Sterilization: Mexico in the 1970s, NBER Chapters, National Bureau of Economic Research, Inc (1983) View citations (10) (1983)
129. Inflation, Real Interest, and the Determinacy of Equilibrium in an Optimizing Framework
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
130. Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
     See also Journal Article Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight, Econometrica, Econometric Society (1982) View citations (7) (1982)

1980

131. Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
     See also Journal Article Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations, American Economic Review, American Economic Association (1981) View citations (33) (1981)
132. Exchange-Rate Expectations and Nominal Interest Differentials: A Test ofthe Fisher Hypothesis
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
133. Imperfect Asset Substitutability and Monetary Policy under Fixed Exchange Rates
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
     See also Journal Article Imperfect asset substitutability and monetary policy under fixed exchange rates, Journal of International Economics, Elsevier (1980) View citations (18) (1980)
134. Intermediate Imports, the Terms of Trade, and the Dynamics of the Exchange Rate and Current Account
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
     See also Journal Article Intermediate imports, the terms of trade, and the dynamics of the exchange rate and current account, Journal of International Economics, Elsevier (1980) View citations (19) (1980)
135. Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
     See also Journal Article Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation, Journal of Political Economy, University of Chicago Press (1981) View citations (118) (1981)
136. Sterilization and Offsetting Capital Movements: Evidence from West Germany, 1960-1970
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
137. The Capitalization of Income Streams and the Effects of Open Market Policy under Fixed Exchange Rates
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     See also Journal Article The capitalization of income streams and the effects of open-market policy under fixed exchange rates, Journal of Monetary Economics, Elsevier (1982) View citations (13) (1982)

Undated

138. Perspectives on OECD Capital Market Integration: Implications for U.S. Current Account Adjustment
     Working Paper, Harvard University OpenScholar View citations (9)

Journal Articles

2024

1. Economic multilateralism 80 years after Bretton Woods
   Oxford Review of Economic Policy, 2024, 40, (2), 307-328 View citations (2)
   See also Working Paper Economic Multilateralism 80 Years after Bretton Woods, CEPR Discussion Papers (2024) (2024)
2. Goodfriend Memorial Lecture: The U.S. Current Account Deficit and the Global Capital Market Revisited
   Richmond Fed Economic Brief, 2024, 24, (37)
3. Trump’s 2025 Tariff Threats
   Intereconomics: Review of European Economic Policy, 2024, 59, (4), 243-244

2023

4. The Mayekawa Lecture: Perspectives on r-bar and r-star
   Monetary and Economic Studies, 2023, 41, 31-48

2022

5. The Global Dollar Cycle
   Brookings Papers on Economic Activity, 2022, 53, (2 (Fall)), 361-447 View citations (4)
   See also Working Paper The Global Dollar Cycle, CEPR Discussion Papers (2023) (2023)

2021

6. Covered interest parity deviations: Macrofinancial determinants
   Journal of International Economics, 2021, 130, (C) View citations (8)
   See also Chapter Covered Interest Parity Deviations: Macrofinancial Determinants, NBER Chapters, 2020 (2020) View citations (3) (2020)
   Working Paper Covered Interest Parity Deviations: Macrofinancial Determinants, IMF Working Papers (2019) View citations (12) (2019)
7. Globalization and nationalism: Retrospect and prospect
   Contemporary Economic Policy, 2021, 39, (4), 675-690 View citations (2)
   See also Working Paper Globalization and Nationalism: Retrospect and Prospect, CEPR Discussion Papers (2020) View citations (1) (2020)
8. Jackson Hole 2021 - Monetary Policy in an Uneven Economy (Panel)
   Proceedings - Economic Policy Symposium - Jackson Hole, 2021
9. Reprint: Two challenges from globalization
   Journal of International Money and Finance, 2021, 114, (C) View citations (3)
10. Revisiting speculative hyperinflations in monetary models
    Review of Economic Dynamics, 2021, 40, 1-11 View citations (4)
    See also Working Paper Revisiting Speculative Hyperinflations in Monetary Models, CEPR Discussion Papers (2017) View citations (5) (2017)
11. The global capital market reconsidered
    (The Missed Opportunity and Challenge of Capital Regulation)
    Oxford Review of Economic Policy, 2021, 37, (4), 690-706 View citations (4)
    See also Working Paper The Global Capital Market Reconsidered, CEPR Discussion Papers (2021) (2021)
12. Two challenges from globalization
    Journal of International Money and Finance, 2021, 110, (C) View citations (3)

2020

13. Comment
    NBER Macroeconomics Annual, 2020, 34, (1), 380 - 388
14. Global Dimensions of U.S. Monetary Policy
    International Journal of Central Banking, 2020, 16, (1), 73-132 View citations (21)
    See also Working Paper Global Dimensions of U.S. Monetary Policy, NBER Working Papers (2019) View citations (9) (2019)
15. Globalization Cycles
    Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2020, 6, (1), 1-12
    See also Working Paper Globalization Cycles, CEPR Discussion Papers (2020) (2020)
16. Harry Johnson's “Case for flexible exchange rates”—50 years later
    Manchester School, 2020, 88, (S1), 86-113 View citations (1)
    See also Working Paper Harry Johnson’s “Case for Flexible Exchange Rates” – 50 Years Later, NBER Working Papers (2020) View citations (1) (2020)

2019

17. A Tie That Binds: Revisiting the Trilemma in Emerging Market Economies
    The Review of Economics and Statistics, 2019, 101, (2), 279-293 View citations (83)
    See also Working Paper A Tie That Binds: Revisiting the Trilemma in Emerging Market Economies, IMF Working Papers (2017) View citations (44) (2017)
18. Revisiting the Economic Case for Fiscal Union in the Euro Area
    IMF Economic Review, 2019, 67, (3), 657-683 View citations (14)
    See also Working Paper REVISITING THE ECONOMIC CASE FOR FISCAL UNION IN THE EURO AREA, CEPR Discussion Papers (2019) View citations (14) (2019)

2018

19. Global Financial Cycles and the Exchange Rate Regime: A Perspective from Emerging Markets
    AEA Papers and Proceedings, 2018, 108, 499-504 View citations (15)
    See also Working Paper Global Financial Cycles and the Exchange Rate Regime: A Perspective from Emerging Markets, CEPR Discussion Papers (2018) View citations (16) (2018)
20. In Search of the Armington Elasticity
    The Review of Economics and Statistics, 2018, 100, (1), 135-150 View citations (70)
    See also Working Paper In Search of the Armington Elasticity, CEPR Discussion Papers (2014) View citations (62) (2014)

2017

21. International Monetary Relations: Taking Finance Seriously
    Journal of Economic Perspectives, 2017, 31, (3), 3-28 View citations (28)
    See also Working Paper International Monetary Relations: Taking Finance Seriously, CEPR Discussion Papers (2017) View citations (28) (2017)

2016

22. THE EURO AND THE GEOGRAPHY OF INTERNATIONAL DEBT FLOWS
    Journal of the European Economic Association, 2016, 14, (1), 115-144 View citations (74)
    Also in Journal of the European Economic Association, 2016, 14, (1), 115-144 (2016) View citations (70)
    See also Working Paper The Euro and The Geography of International Debt Flows, NBER Working Papers (2014) View citations (40) (2014)
    Chapter The Euro and the Geography of International Debt Flows, NBER Chapters, 2013 (2013) View citations (8) (2013)
23. The Initial Economic Impact of Brexit: An Update to Early December 2016
    Brookings Papers on Economic Activity, 2016, 47, (2 (Fall)), 359-366 View citations (1)

2014

24. Guest Editors’ Preface to the Special Issue on International Financial Linkages and Crises
    Scandinavian Journal of Economics, 2014, 116, (1), 1-4
25. Never Say Never: Commentary on a Policymaker’s Reflections
    IMF Economic Review, 2014, 62, (4), 656-693 View citations (17)
    See also Working Paper Never Say Never: Commentary on a Policymaker?s Reflections, CEPR Discussion Papers (2014) View citations (17) (2014)
26. On the use of open economy new Keynesian models to evaluate policy rules
    Journal of Economic Dynamics and Control, 2014, 49, (C), 31-34 View citations (3)

2013

27. Crises and the International System
    International Economic Journal, 2013, 27, (2), 143-155 View citations (7)
28. On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability
    Monetary and Economic Studies, 2013, 31, 25-38 View citations (31)
    See also Working Paper On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability, IMES Discussion Paper Series (2013) View citations (30) (2013)

2012

29. Does the Current Account Still Matter?
    American Economic Review, 2012, 102, (3), 1-23 View citations (225)
    See also Working Paper Does the Current Account Still Matter?, CEPR Discussion Papers (2012) View citations (225) (2012)
30. Financial flows, financial crises, and global imbalances
    Journal of International Money and Finance, 2012, 31, (3), 469-480 View citations (122)
    See also Working Paper Financial Flows, Financial Crises, and Global Imbalances, CEPR Discussion Papers (2011) View citations (18) (2011)
31. Stories of the Twentieth Century for the Twenty-First
    American Economic Journal: Macroeconomics, 2012, 4, (1), 226-65 View citations (519)
    See also Working Paper Stories of the Twentieth Century for the Twenty-First, Department of Economics, Working Paper Series (2011) View citations (20) (2011)

2011

32. Expansión de las posiciones brutas de activos y el sistema monetario internacional
    Boletín, 2011, LVII, (1), 31-39
33. Keynote Speech: International Liquidity: The Fiscal Dimension
    Monetary and Economic Studies, 2011, 29, 33-48 View citations (17)

2010

34. Expanding gross asset positions and the international monetary system
    Proceedings - Economic Policy Symposium - Jackson Hole, 2010, 463-478 View citations (2)
35. Financial Stability, the Trilemma, and International Reserves
    American Economic Journal: Macroeconomics, 2010, 2, (2), 57-94 View citations (253)
    See also Working Paper Financial Stability, the Trilemma, and International Reserves, NBER Working Papers (2008) View citations (87) (2008)
36. The immoderate world economy
    Journal of International Money and Finance, 2010, 29, (4), 603-614 View citations (13)

2009

37. 2009 International Conference "Financial System and Monetary Policy Implementation," Keynote Speech, Lenders of Last Resort in a Globalized World
    Monetary and Economic Studies, 2009, 27, (1), 35-52 View citations (5)
38. Asia, the financial crisis, and global economic governance - closing remarks
    Proceedings, 2009, (Oct), 347-353
39. Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
    American Economic Review, 2009, 99, (2), 480-86 View citations (193)
    See also Working Paper Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008, NBER Working Papers (2009) View citations (201) (2009)
40. Global imbalances and the financial crisis: products of common causes
    Proceedings, 2009, (Oct), 131-172 View citations (198)
    See also Working Paper Global Imbalances and the Financial Crisis: Products of Common Causes, CEPR Discussion Papers (2009) View citations (273) (2009)
41. International Finance and Growth in Developing Countries: What Have We Learned&quest
    IMF Staff Papers, 2009, 56, (1), 63-111 View citations (162)

2008

42. Concluding Remarks
    Monetary and Economic Studies, 2008, 26, 49-58
43. Monetary policy in the open economy revisited: The case for exchange-rate flexibility restored
    Journal of International Money and Finance, 2008, 27, (6), 949-957 View citations (54)
    See also Working Paper Monetary Policy in the Open Economy Revisited: The Case for Exchange-Rate Flexibility Restored, 2005 Meeting Papers (2005) View citations (28) (2005)

2007

44. The Fourteenth International Conference "Growth, Integration and Monetary Policy in East Asia," Concluding Panel Discussion: Growth, Integration, and Monetary Policy in East Asia
    Monetary and Economic Studies, 2007, 25, (S1), 233-260
45. The Renminbi's Dollar Peg at the Crossroads
    Monetary and Economic Studies, 2007, 25, (S1), 29-56 View citations (1)
    See also Working Paper The Renminbi's Dollar Peg at the Crossroads, IMES Discussion Paper Series (2007) View citations (1) (2007)

2006

46. Implications for the Yen of Japanese Current Account Adjustment
    Monetary and Economic Studies, 2006, 24, (S1), 27-38 View citations (4)
    See also Working Paper Implications for the Yen of Japanese Current Account Adjustment, Center for International and Development Economics Research, Working Paper Series (2006) View citations (4) (2006)
47. The Thirteenth International Conference "Financial Markets and the Real Economy in a Low Interest Rate Environment," Concluding Panel Discussion: Financial Markets and the Real Economy in a Low Interest Rate Environment
    Monetary and Economic Studies, 2006, 24, (S1), 235-272

2005

48. America's Deficit, the World's Problem: Keynote Speech
    Monetary and Economic Studies, 2005, 23, (S1), 25-35 View citations (3)
49. Comment on: "Rational speculation and exchange rates"
    Journal of Monetary Economics, 2005, 52, (1), 31-33
50. Global Current Account Imbalances and Exchange Rate Adjustments
    Brookings Papers on Economic Activity, 2005, 36, (1), 67-146 View citations (434)
51. Optimal fiscal policy in a monetary union - comments
    Proceedings, 2005
52. The Case for Open-Market Purchases in a Liquidity Trap
    American Economic Review, 2005, 95, (1), 110-137 View citations (141)
    Also in Proceedings, 2003, (Mar) (2003) View citations (34)
    See also Working Paper The Case for Open-Market Purchases in a Liquidity Trap, Center for International and Development Economics Research, Working Paper Series (2012) View citations (1) (2012)
53. The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility
    The Review of Economics and Statistics, 2005, 87, (3), 423-438 View citations (423)
    See also Working Paper The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility, CEPR Discussion Papers (2004) View citations (49) (2004)
54. The Twelfth International Conference "Incentive Mechanisms for Economic Policymakers," Concluding Panel Discussion: Macroeconomic Policy and Central Banking
    Monetary and Economic Studies, 2005, 23, (S1), 233-260
55. The unsustainable U.S. current account position revisited
    Proceedings, 2005 View citations (43)
    Also in Proceedings, 2005, (Feb) (2005) View citations (49)
    See also Working Paper The Unsustainable US Current Account Position Revisited, CEPR Discussion Papers (2005) View citations (58) (2005)
    Chapter The Unsustainable US Current Account Position Revisited, NBER Chapters, 2007, 339-376 (2007) View citations (77) (2007)

2004

56. "Challenges for Sustained Economic Growth under Changing Economic, Social, and International Environments," Concluding Panel Discussion: Sustained Economic Growth and Central Banking
    Monetary and Economic Studies, 2004, 22, (S1), 217-248
57. External adjustment
    Review of World Economics (Weltwirtschaftliches Archiv), 2004, 140, (4), 541-568 View citations (39)
    See also Working Paper External Adjustment, NBER Working Papers (2004) View citations (76) (2004)
58. Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies: Keynote Speech
    Monetary and Economic Studies, 2004, 22, (S1), 29-55 View citations (24)
59. Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
    IMF Staff Papers, 2004, 51, (s1), 75-108 View citations (96)
    See also Working Paper Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period, Center for International and Development Economics Research, Working Paper Series (2004) View citations (92) (2004)
60. Monetary and Fiscal Remedies for Deflation
    American Economic Review, 2004, 94, (2), 71-75 View citations (11)
    See also Working Paper Monetary and Fiscal Remedies for Deflation, NBER Working Papers (2004) View citations (11) (2004)

2003

61. Sovereign risk, credibility and the gold standard: 1870-1913 versus 1925-31
    Economic Journal, 2003, 113, (487), 241-275 View citations (66)
    See also Working Paper Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31, Department of Economics, Working Paper Series (2003) View citations (54) (2003)

2002

62. "Exchange Rate Regimes in the 21st Century," Concluding Panel Discussion: The Role of Central Banks in Exchange Rate Regimes in the 21st Century
    Monetary and Economic Studies, 2002, 20, (S1), 241-274
63. Exchange Rates and Adjustment: Perspectives from the New Open- Economy Macroeconomics
    Monetary and Economic Studies, 2002, 20, (S1), 23-46 View citations (99)
    See also Working Paper Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics, International Finance (2003) View citations (5) (2003)
64. Global Implications of Self-Oriented National Monetary Rules
    The Quarterly Journal of Economics, 2002, 117, (2), 503-535 View citations (308)
    See also Working Paper Global Implications of Self-Oriented National Monetary Rules, Macroeconomics (2003) View citations (31) (2003)
65. Inflation-Targeting, Exchange-Rate Pass-Through, and Volatility
    American Economic Review, 2002, 92, (2), 102-107 View citations (25)

2000

66. New directions for stochastic open economy models
    Journal of International Economics, 2000, 50, (1), 117-153 View citations (607)
    See also Working Paper New Directions for Stochastic Open Economy Models, International Finance (2000) View citations (613) (2000)
67. Perspectives on OECD economic integration: implications for U.S. current account adjustment
    Proceedings - Economic Policy Symposium - Jackson Hole, 2000, 169-208 View citations (40)
    See also Working Paper Perspectives on OECD Economic Integration: Implications for US Current Account Adjustment, International Trade (2001) View citations (26) (2001)

1998

68. A strategy for launching the Euro
    European Economic Review, 1998, 42, (6), 975-1007 View citations (13)
    See also Working Paper A Strategy for Launching the Euro, NBER Working Papers (1999) (1999)
69. Financial shocks and business cycles: lessons form outside the United States
    Conference Series ; [Proceedings], 1998, 42, (Jun), 187-193
70. Open‐Economy Macroeconomics: Developments in Theory and Policy
    Scandinavian Journal of Economics, 1998, 100, (1), 247-275
    See also Working Paper Open-Economy Macroeconomics, Developments in Theory and Policy, NBER Working Papers (1999) View citations (8) (1999)
71. Regional non-adjustment and fiscal policy
    Economic Policy, 1998, 13, (26), 206-259 View citations (182)
72. The Global Capital Market: Benefactor or Menace?
    Journal of Economic Perspectives, 1998, 12, (4), 9-30 View citations (336)
    See also Working Paper The Global Capital Market: Benefactor or Menace?, International Finance (2000) View citations (1) (2000)

1997

73. DYNAMIC SEIGNIORAGE THEORY
    Macroeconomic Dynamics, 1997, 1, (3), 588-614 View citations (22)
74. Destabilizing effects of exchange-rate escape clauses
    Journal of International Economics, 1997, 43, (1-2), 61-77 View citations (87)
    See also Working Paper Destabilizing Effects of Exchange-Rate Escape Clauses, Center for International and Development Economics Research (CIDER) Working Papers (1996) View citations (5) (1996)
75. Europe's Gamble
    Brookings Papers on Economic Activity, 1997, 28, (2), 241-317 View citations (31)
76. Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
    Journal of the Japanese and International Economies, 1997, 11, (4), 441-479 View citations (438)
    See also Working Paper Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited, Center for International and Development Economics Research (CIDER) Working Papers (1997) View citations (375) (1997)

1996

77. Intertemporal price speculation and the optimal current-account deficit: reply and clarification
    Journal of International Money and Finance, 1996, 15, (1), 141-147 View citations (7)
    See also Working Paper Intertemporal Price Speculation and the Optimal Current-Account Deficit: Reply and Clarification, Center for International and Development Economics Research (CIDER) Working Papers (1996) View citations (6) (1996)
78. Models of currency crises with self-fulfilling features
    European Economic Review, 1996, 40, (3-5), 1037-1047 View citations (636)
    See also Working Paper Models of Currency Crises with Self-fulfilling Features, CEPR Discussion Papers (1996) View citations (631) (1996)

1995

79. Exchange Rate Dynamics Redux
    Journal of Political Economy, 1995, 103, (3), 624-60 View citations (1510)
    See also Working Paper Exchange Rate Dynamics Redux, Center for International and Development Economics Research (CIDER) Working Papers (1995) View citations (1489) (1995)
80. Intenational Currency Experience: New Lessons and Lessons Relearned
    Brookings Papers on Economic Activity, 1995, 26, (1, 25th Anniversary Issue), 119-220 View citations (10)
81. The Mirage of Fixed Exchange Rates
    Journal of Economic Perspectives, 1995, 9, (4), 73-96 View citations (536)
    See also Working Paper The Mirage of Fixed Exchange Rates, NBER Working Papers (1995) View citations (533) (1995)

1994

82. Evaluating risky consumption paths: The role of intertemporal substitutability
    European Economic Review, 1994, 38, (7), 1471-1486 View citations (197)
    See also Working Paper Evaluating Risky Consumption Paths: The Role of Intertemporal Substitutability, NBER Technical Working Papers (1995) (1995)
83. Risk-Taking, Global Diversification, and Growth
    American Economic Review, 1994, 84, (5), 1310-29 View citations (745)
    See also Working Paper Risk-Taking, Global Diversification, and Growth, Center for International and Development Economics Research (CIDER) Working Papers (1993) View citations (1) (1993)

1992

84. International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition
    Review of International Economics, 1992, 1, (1), 32-48 View citations (14)
    See also Working Paper International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition, NBER Working Papers (1992) View citations (14) (1992)
85. International risk sharing and capital mobility: another look
    Journal of International Money and Finance, 1992, 11, (1), 115-121 View citations (12)

1991

86. A model of currency depreciation and the debt-inflation spiral
    Journal of Economic Dynamics and Control, 1991, 15, (1), 151-177 View citations (16)
    See also Working Paper A Model of Currency Depreciation and the Debt-Inflation Spiral, CEPR Discussion Papers (1990) (1990)
87. Commodity trade and international risk sharing: How much do financial markets matter?
    Journal of Monetary Economics, 1991, 28, (1), 3-24 View citations (761)
    See also Working Paper Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?, NBER Working Papers (1989) View citations (213) (1989)
88. Exchange-rate dynamics under stochastic regime shifts: A unified approach
    Journal of International Economics, 1991, 31, (3-4), 203-229 View citations (101)
    See also Working Paper Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach, CEPR Discussion Papers (1991) View citations (111) (1991)
89. Intrinsic Bubbles: The Case of Stock Prices
    American Economic Review, 1991, 81, (5), 1189-214 View citations (308)
    See also Working Paper Intrinsic Bubbles: The Case of Stock Prices, NBER Working Papers (1989) View citations (15) (1989)
90. Stochastic Process Switching: Some Simple Solutions
    Econometrica, 1991, 59, (1), 241-50 View citations (51)
    See also Working Paper Stochastic Process Switching: Some Simple Solutions, NBER Working Papers (1989) View citations (39) (1989)

1990

91. Intertemporal dependence, impatience, and dynamics
    Journal of Monetary Economics, 1990, 26, (1), 45-75 View citations (179)
    See also Working Paper Intertemporal Dependence, Impatience, and Dynamics, NBER Working Papers (1989) View citations (5) (1989)
92. Time Consistency of Fiscal and Monetary Policy: A Comment
    Econometrica, 1990, 58, (5), 1245-47 View citations (14)

1989

93. Fiscal deficits and relative prices in a growing world economy
    Journal of Monetary Economics, 1989, 23, (3), 461-484 View citations (50)
    See also Working Paper Fiscal Deficits and Relative Prices in a Growing World Economy, NBER Working Papers (1988) View citations (31) (1988)
94. U.S. International capital flows: Perspectives from rational maximizing models: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1989, 30, (1), 289-300

1988

95. Optimal Time-Consistent Fiscal Policy with Finite Lifetimes
    Econometrica, 1988, 56, (2), 411-32 View citations (151)
96. The advantage of tying one's hands: EMS discipline and Central Bank credibility: Francesco Giavazzi and Marco Pagano
    European Economic Review, 1988, 32, (5), 1077-1082 View citations (2)

1986

97. Capital controls, the dual exchange rate, and devaluation
    Journal of International Economics, 1986, 20, (1-2), 1-20 View citations (26)
    See also Working Paper Capital Controls, The Dual Exchange Rate, and Devaluation, NBER Working Papers (1984) View citations (20) (1984)
98. Capital mobility in the world economy: Theory and measurement
    Carnegie-Rochester Conference Series on Public Policy, 1986, 24, (1), 55-103 View citations (259)
    See also Working Paper Capital Mobility in the World Economy: Theory and Measurement, NBER Working Papers (1985) View citations (139) (1985)
99. Overshooting Agricultural Commodity Markets and Public Policy: Discussion
    American Journal of Agricultural Economics, 1986, 68, (2), 420-421 View citations (5)
100. Rational and Self-fulfilling Balance-of-Payments Crises
     American Economic Review, 1986, 76, (1), 72-81 View citations (480)
     See also Working Paper Rational and Self-Fulfilling Balance-of-Payments Crises, NBER Working Papers (1984) View citations (218) (1984)
101. Ruling out divergent speculative bubbles
     Journal of Monetary Economics, 1986, 17, (3), 349-362 View citations (70)
102. Speculative Attack and the External Constraint in a Maximizing Model of the Balance of Payments
     Canadian Journal of Economics, 1986, 19, (1), 1-22 View citations (52)
     See also Working Paper Speculative Attack and the External Constraint in a Maximizing Model of the Balance of Payments, NBER Working Papers (1984) View citations (39) (1984)

1985

103. Floating Exchange Rates: Experience and Prospects
     Brookings Papers on Economic Activity, 1985, 16, (2), 369-464 View citations (121)
104. The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation
     The Review of Economic Studies, 1985, 52, (4), 605-625 View citations (31)
     See also Working Paper The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation, NBER Working Papers (1984) View citations (17) (1984)

1984

105. Balance-of-Payments Crises and Devaluation
     Journal of Money, Credit and Banking, 1984, 16, (2), 208-17 View citations (58)
     See also Working Paper Balance-of-Payments Crises and Devaluation, NBER Working Papers (1983) View citations (18) (1983)
106. Exchange Rate Dynamics with Sluggish Prices under Alternative Price-Adjustment Rules
     International Economic Review, 1984, 25, (1), 159-74 View citations (47)
     See also Working Paper Exchange Rate Dynamics With Sluggish Prices Under Alternative Price-Adjustment Rules, NBER Working Papers (1983) View citations (17) (1983)
107. Multiple Stable Equilibria in an Optimizing Perfect-Foresight Model
     Econometrica, 1984, 52, (1), 223-28 View citations (23)

1983

108. Exchange rates, inflation, and the sterilization problem: Germany, 1975-1981
     European Economic Review, 1983, 21, (1-2), 161-189 View citations (22)
     See also Working Paper Exchange Rates, Inflation and the Sterilization Problem: Germany, 1975-1981, NBER Working Papers (1982) View citations (5) (1982)
109. Intertemporal price speculation and the optimal current-account deficit
     Journal of International Money and Finance, 1983, 2, (2), 135-145 View citations (34)
     See also Working Paper Intertemporal Price Speculation and the Optimal Current-Account Deficit, NBER Working Papers (1983) View citations (33) (1983)
110. Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?
     Journal of Political Economy, 1983, 91, (4), 675-87 View citations (245)
     See also Working Paper Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?, Scholarly Articles (1983) View citations (226) (1983)
111. Two-step two-stage least squares estimation in models with rational expectations
     Journal of Econometrics, 1983, 21, (3), 333-355 View citations (100)
     See also Working Paper Two-Step Two-Stage Least Squares Estimation in Models with Rational Expectations, NBER Technical Working Papers (1983) View citations (97) (1983)

1982

112. Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?
     The Quarterly Journal of Economics, 1982, 97, (2), 251-270 View citations (300)
     See also Working Paper Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?, NBER Working Papers (1981) View citations (7) (1981)
113. Can We Sterilize? Theory and Evidence
     American Economic Review, 1982, 72, (2), 45-50 View citations (30)
     See also Working Paper Can We Sterilize? Theory and Evidence, NBER Working Papers (1982) View citations (30) (1982)
114. Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight
     Econometrica, 1982, 50, (5), 1219-42 View citations (7)
     See also Working Paper Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight, NBER Working Papers (1981) View citations (1) (1981)
115. The capitalization of income streams and the effects of open-market policy under fixed exchange rates
     Journal of Monetary Economics, 1982, 9, (1), 87-98 View citations (13)
     See also Working Paper The Capitalization of Income Streams and the Effects of Open Market Policy under Fixed Exchange Rates, NBER Working Papers (1980) View citations (3) (1980)

1981

116. A Note on Exchange-Rate Expectations and Nominal Interest Differentials: A Test of the Fisher Hypothesis
     Journal of Finance, 1981, 36, (3), 697-703 View citations (70)
117. Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations
     American Economic Review, 1981, 71, (2), 217-21 View citations (33)
     See also Working Paper Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations, NBER Working Papers (1980) View citations (12) (1980)
118. Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation
     Journal of Political Economy, 1981, 89, (6), 1142-61 View citations (118)
     See also Working Paper Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation, NBER Working Papers (1980) View citations (58) (1980)

1980

119. Imperfect asset substitutability and monetary policy under fixed exchange rates
     Journal of International Economics, 1980, 10, (2), 177-200 View citations (18)
     See also Working Paper Imperfect Asset Substitutability and Monetary Policy under Fixed Exchange Rates, NBER Working Papers (1980) View citations (18) (1980)
120. Intermediate imports, the terms of trade, and the dynamics of the exchange rate and current account
     Journal of International Economics, 1980, 10, (4), 461-480 View citations (19)
     See also Working Paper Intermediate Imports, the Terms of Trade, and the Dynamics of the Exchange Rate and Current Account, NBER Working Papers (1980) View citations (19) (1980)

Books

2020

1. How the G20 can hasten recovery from COVID-19
   PIIE Briefings, Peterson Institute for International Economics View citations (1)

2018

2. Coping with the Climate Crisis: Mitigation Policies and Global Coordination
   Books & Reports, Policy Center for the New South

2008

3. International Finance and Growth in Developing Countries
   World Bank Publications - Books, The World Bank Group View citations (27)

2005

4. Global Capital Markets
   Cambridge Books, Cambridge University Press View citations (68)
   Also in Cambridge Books, Cambridge University Press (2004) View citations (445)

1996

5. Foundations of International Macroeconomics, vol 1
   MIT Press Books, The MIT Press View citations (2930)

1983

6. Financial Policies and the World Capital Market: The Problem of Latin American Countries
   NBER Books, National Bureau of Economic Research, Inc View citations (78)

Edited books

2024

1. Floating Exchange Rates at Fifty
   Peterson Institute Press: All Books, Peterson Institute for International Economics
2. Keynes's Economic Consequences of the Peace after 100 Years
   Cambridge Books, Cambridge University Press

2021

3. Economic Policy in a Pandemic Age: How the World Must Prepare
   PIIE Briefings, Peterson Institute for International Economics

2012

4. Global Economic Crisis
   Books, Edward Elgar Publishing View citations (26)

2009

5. Financial Policies and the World Capital Market
   National Bureau of Economic Research Books, University of Chicago Press View citations (1)

2004

6. Money, Capital Mobility, and Trade: Essays in Honor of Robert A. Mundell, vol 1
   MIT Press Books, The MIT Press View citations (5)

Chapters

2021

1. Trilemmas and Tradeoffs: Living with Financial Globalization
   Chapter 2 in THE ASIAN MONETARY POLICY FORUM Insights for Central Banking, 2021, pp 16-84 View citations (8)
   Also in Chapter 02 in Global Liquidity, Spillovers to Emerging Markets and Policy Responses, 2015, vol. 20, pp 013-078 (2015) View citations (117)
   See also Working Paper Trilemmas and trade-offs: living with financial globalisation, Bank for International Settlements (2015) View citations (95) (2015)

2020

2. Covered Interest Parity Deviations: Macrofinancial Determinants
   A chapter in NBER International Seminar on Macroeconomics 2020, 2020 View citations (3)
   See also Working Paper Covered Interest Parity Deviations: Macrofinancial Determinants, International Monetary Fund (2019) View citations (12) (2019)
   Journal Article Covered interest parity deviations: Macrofinancial determinants, Elsevier (2021) View citations (8) (2021)

2019

3. Comment on "Special Deals with Chinese Characteristics "
   A chapter in NBER Macroeconomics Annual 2019, volume 34, 2019, pp 380-388

2013

4. The Euro and the Geography of International Debt Flows
   A chapter in Sovereign Debt and Financial Crises, 2013 View citations (8)
   See also Journal Article THE EURO AND THE GEOGRAPHY OF INTERNATIONAL DEBT FLOWS, European Economic Association (2016) View citations (74) (2016)
   Working Paper The Euro and The Geography of International Debt Flows, National Bureau of Economic Research, Inc (2014) View citations (40) (2014)
5. The International Monetary System: Living with Asymmetry
   A chapter in Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century, 2013, pp 301-336 View citations (16)
   See also Working Paper The International Monetary System: Living with Asymmetry, National Bureau of Economic Research, Inc (2011) View citations (6) (2011)

2012

6. Introduction and Overview
   Chapter 1 in Global Economic Crisis, 2012
7. Liquidity and the International Monetary System
   Chapter 23 in In the Wake of the Crisis: Leading Economists Reassess Economic Policy, 2012, vol. 1, pp 111-123

2007

8. The Unsustainable US Current Account Position Revisited
   A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 339-376 View citations (77)
   See also Working Paper The Unsustainable US Current Account Position Revisited, C.E.P.R. Discussion Papers (2005) View citations (58) (2005)
   Journal Article The unsustainable U.S. current account position revisited, Federal Reserve Bank of San Francisco (2005) View citations (43) (2005)

2006

9. Monetary and Fiscal Policy in a Liquidity Trap
   Chapter 8 in Long-run Growth and Short-run Stabilization, 2006

2003

10. Globalization and Capital Markets
    A chapter in Globalization in Historical Perspective, 2003, pp 121-188 View citations (88)
    See also Working Paper Globalization and Capital Markets, National Bureau of Economic Research, Inc (2002) View citations (157) (2002)

2001

11. The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
    A chapter in NBER Macroeconomics Annual 2000, Volume 15, 2001, pp 339-412 View citations (503)
    See also Working Paper The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?, University Library of Munich, Germany (2001) View citations (600) (2001)

1998

12. The Great Depression as a Watershed: International Capital Mobility over the Long Run
    A chapter in The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, 1998, pp 353-402 View citations (83)
    See also Working Paper The Great Depression as a Watershed: International Capital Mobility over the Long Run, C.E.P.R. Discussion Papers (1997) View citations (73) (1997)

1995

13. The intertemporal approach to the current account
    Chapter 34 in Handbook of International Economics, 1995, vol. 3, pp 1731-1799 View citations (384)
    See also Working Paper The Intertemporal Approach to the Current Account, University of California at Berkeley (1994) View citations (73) (1994)

1993

14. The Adjustment Mechanism
    A chapter in A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, 1993, pp 201-268 View citations (26)
    See also Working Paper The Adjustment Mechanism, C.E.P.R. Discussion Papers (1992) View citations (2) (1992)

1990

15. The Effectiveness of Foreign-Exchange Intervention: Recent Experience, 1985- 1988
    A chapter in International Policy Coordination and Exchange Rate Fluctuations, 1990, pp 197-246 View citations (10)

1986

16. Capital Flows, the Current Account, and the Real Exchange Rate: Some Consequences of Stabilization and Liberalization
    A chapter in Economic Adjustment and Exchange Rates in Developing Countries, 1986, pp 201-232 View citations (10)

1985

17. Exchange-rate dynamics
    Chapter 18 in Handbook of International Economics, 1985, vol. 2, pp 917-977 View citations (22)
    See also Working Paper Exchange-Rate Dynamics, National Bureau of Economic Research, Inc (1983) View citations (67) (1983)

1984

18. International Interest Rate and Price Level Linkages under Flexible Exchange Rates: A Review of Recent Evidence
    A chapter in Exchange Rate Theory and Practice, 1984, pp 121-152 View citations (154)
    See also Working Paper International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates: A Review of Recent Evidence, National Bureau of Economic Research, Inc (1982) View citations (45) (1982)

1983

19. Capital Mobility and the Scope for Sterilization: Mexico in the 1970s
    A chapter in Financial Policies and the World Capital Market: The Problem of Latin American Countries, 1983, pp 245-276 View citations (10)
    See also Working Paper Capital Mobility and the Scope for Sterilization: Mexico in the 1970s, National Bureau of Economic Research, Inc (1981) View citations (6) (1981)
20. Introduction to "Financial Policies and the World Capital Market: The Problem of Latin American Countries"
    A chapter in Financial Policies and the World Capital Market: The Problem of Latin American Countries, 1983, pp 1-4 View citations (16)

Undated

21. Global Economic Recovery in the Face of COVID-19
    Economic Research Institute for ASEAN and East Asia (ERIA)