Details about Maurice Obstfeld

Homepage:	http://emlab.berkeley.edu/users/obstfeld/index.shtml
Workplace:	Department of Economics, University of California-Berkeley, (more information at EDIRC)

Access statistics for papers by Maurice Obstfeld.

Last updated 2009-09-14. Update your information in the RePEc Author Service.

Short-id: pob13

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Working Papers

2009

1. Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in American Economic Review (2009)
2. International Finance and Growth in Developing Countries: What Have We Learned?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
3. Lenders of Last Resort in a Globalized World
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009)
4. Time of Troubles: The Yen and Japan's Economy, 1985-2008
   NBER Working Papers, National Bureau of Economic Research, Inc

2008

5. Financial Stability, the Trilemma, and International Reserves
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations

2007

6. The Renminbifs Dollar Peg at the Crossroads
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
   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
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations

2006

7. 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
   See also Journal Article in Monetary and Economic Studies (2006)
8. Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2005

9. 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
10. Monetary Policy in the Open Economy Revisited: The Case for Exchange-Rate Flexibility Restored
    2005 Meeting Papers, Society for Economic Dynamics View citations
    See also Journal Article in Journal of International Money and Finance (2008)
11. The Unsustainable US Current Account Position Revisited
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    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 (2005) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    See also Chapter (2007)
    Journal Article in Proceedings (2005)

2004

12. External Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    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 (2004) View citations
    See also Journal Article in Review of World Economics (Weltwirtschaftliches Archiv) (2004)
13. Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    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 (2004) View citations
14. Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    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
    International Finance, EconWPA (2004) View citations
15. Monetary and Fiscal Remedies for Deflation
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in American Economic Review (2004)
16. The Case for Open-Market Purchases in a Liquidity Trap
    Macroeconomics, EconWPA View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations
    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)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
    See also Journal Article in American Economic Review (2005)
17. 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
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations
    International Finance, EconWPA (2004) View citations
    DNB Staff Reports (discontinued), Netherlands Central Bank (2003) View citations
    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
    See also Journal Article in The Review of Economics and Statistics (2005)

2003

18. Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics
    International Finance, EconWPA
    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 (2002) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations
    See also Journal Article in Monetary and Economic Studies (2002)
19. Global Implications of Self-Oriented National Monetary Rules
    Macroeconomics, EconWPA View citations
    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 (2001) View citations
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (2001) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001)
    See also Journal Article in The Quarterly Journal of Economics (2002)
20. International Macroeconomics: Beyond the Mundell-Fleming Model
    International Finance, EconWPA
    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 (2001) View citations
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (2001) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2001) View citations
21. Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31
    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
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations
    International Trade, EconWPA (2003) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2002)
    See also Journal Article in Economic Journal (2003)

2002

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

2001

23. Perspectives on OECD Economic Integration: Implications for US Current Account Adjustment
    International Trade, EconWPA View citations
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (2000) View citations
    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
    See also Journal Article in Proceedings (2000)
24. The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
    International Trade, EconWPA View citations
    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
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (2000) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations
    See also Chapter (2001)

2000

25. Do We Really Need a New International Monetary Compact?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
26. EMU: Ready, or Not?
    International Trade, EconWPA
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    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
    Princeton Essays in International Economics, International Economics Section, Departement of Economics Princeton University, (1998) View citations
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1998) View citations
27. New Directions for Stochastic Open Economy Models
    International Finance, EconWPA View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations
    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
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1999) View citations
    See also Journal Article in Journal of International Economics (2000)
28. The Global Capital Market: Benefactor or Menace?
    International Finance, EconWPA View citations
    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
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1998) View citations
    See also Journal Article in Journal of Economic Perspectives (1998)

1999

29. 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
    See also Journal Article in European Economic Review (1998)
30. Open-Economy Macroeconomics, Developments in Theory and Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Queen's University, Department of Economics (1997) View citations
    See also Journal Article in Scandinavian Journal of Economics (1998)
31. Regional Nonadjustment and Fiscal Policy: Lessons for EMU
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1998) View citations
32. The Great Depression as a Watershed: International Capital Mobility over the Long Run
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations
    See also Chapter (1998)

1998

33. Destabilizing Effects of Exchange-Rate Escape Clauses
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1996) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations
    See also Journal Article in Journal of International Economics (1997)
34. Foreign Resource Inflows, Saving, and Growth
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations
35. Risk and Exchange Rate
    Working Papers, Princeton, Woodrow Wilson School - Public and International Affairs View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations

1997

36. Dynamic Seigniorage Theory: An Exploration
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations
    NBER Working Papers, National Bureau of Economic Research, Inc (1989)
37. Models of Currency Crises with Self-Fulfilling Features
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1996) View citations
    See also Journal Article in European Economic Review (1996)
38. Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1997)
    See also Journal Article in Journal of the Japanese and International Economies (1997)
39. 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
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations

1996

40. Exchange Rate Dynamics Redux
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1995) View citations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations
    See also Journal Article in Journal of Political Economy (1995)
41. International Capital Mobility in the 1990s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1994) View citations
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1994) View citations
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1994) View citations
42. 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
    See also Journal Article in Journal of International Money and Finance (1996)
43. The Intertemporal Approach to the Current Account
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1994) View citations
    See also Chapter (1995)

1995

44. Evaluating Risky Consumption Paths: The Role of Intertemporal Substitutability
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in European Economic Review (1994)
45. Risk-Taking, Global Diversification, and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1993)
    See also Journal Article in American Economic Review (1994)
46. The Mirage of Fixed Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco (1995) View citations
    See also Journal Article in Journal of Economic Perspectives (1995)

1994

47. Are Industrial-Country Consumption Risks Globally Diversified?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1993) View citations
48. The Logic of Currency Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1993

49. International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Review of International Economics (1992)
50. Model Trending Real Exchange Rates
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations
51. The Adjustment Mechanism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations
    See also Chapter (1993)

1992

52. Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1991) View citations
    See also Journal Article in Journal of International Economics (1991)
53. Intrinsic Bubbles: The Case of Stock Prices
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in American Economic Review (1991)

1991

54. Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1991)
55. Intertemporal Dependence, Impatience, and Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Monetary Economics (1990)
56. Stochastic Process Switching: Some Simple Solutions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Econometrica (1991)
57. The Effectiveness of Foreign-Exchange Intervention: Recent Experience
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1990

58. A Model of Currency Depreciation and the Debt-Inflation Spiral
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article in Journal of Economic Dynamics and Control (1991)

1989

59. Competitiveness, Realignment, and Speculation: The Role of Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
60. Fiscal Deficits and Relative Prices in a Growing World Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Monetary Economics (1989)
61. How Integrated are World Capital Markets? Some New Tests
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
62. Optimal Time-Consistent Fiscal Policy with Uncertain Lifetimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
63. Peso Problems, Bubbles, and Risk in the Empirical Assessment of Exchange-Rate Behavior
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1988

64. Exchange-Rate Dynamics and Optimal Asset Accumulation Revisited
    NBER Technical Working Papers, National Bureau of Economic Research, Inc
65. International Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1987

66. 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
67. Ruling Out Nonstationary Speculative Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1986

68. Capital Controls, The Dual Exchange Rate, and Devaluation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of International Economics (1986)
69. Capital Mobility in the World Economy: Theory and Measurement
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Carnegie-Rochester Conference Series on Public Policy (1986)
70. Rational and Self-Fulfilling Balance-of-Payments Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1986)
71. 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
    See also Journal Article in Canadian Journal of Economics (1986)

1985

72. Exchange-Rate Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1985)
73. International Interest-Rate and Price-Level Linkages Under Flexible Exchalge Rates: A Review of Recent Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1984)
74. The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review of Economic Studies (1985)

1984

75. Balance-of-Payments Crises and Devaluation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Money, Credit and Banking (1984)
76. Capital Mobility and the Scope for Sterilization: Mexico in the 1970s
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1981) View citations
    See also Chapter (1983)
77. Exchange Rate Dynamics With Sluggish Prices Under Alternative Price-Adjustment Rules
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1983) View citations
    See also Journal Article in International Economic Review (1984)
78. Inflation, Real Interest, and the Determinacy of Equilibrium in an Optimizing Framework
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1983

79. Exchange Rates, Inflation and the Sterilization Problem: Germany, 1975-1981
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in European Economic Review (1983)
80. Intertemporal Price Speculation and the Optimal Current-Account Deficit
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of International Money and Finance (1983)
81. Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1981) View citations
    See also Journal Article in Journal of Political Economy (1983)
82. Two-Step Two-Stage Least Squares Estimation in Models with Rational Expectations
    NBER Technical Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Econometrics (1983)

1982

83. Can We Sterilize? Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1982)
84. Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Econometrica (1982)
85. 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
    See also Journal Article in Journal of Monetary Economics (1982)
86. 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
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1981)

1981

87. Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in The Quarterly Journal of Economics (1982)
88. Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1981)
89. Exchange-Rate Expectations and Nominal Interest Differentials: A Test ofthe Fisher Hypothesis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
90. 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
    See also Journal Article in Journal of International Economics (1980)
91. Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Political Economy (1981)

1980

92. Imperfect Asset Substitutability and Monetary Policy under Fixed Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of International Economics (1980)
93. Sterilization and Offsetting Capital Movements: Evidence from West Germany, 1960-1970
    NBER Working Papers, National Bureau of Economic Research, Inc

Journal Articles

2009

1. Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
   American Economic Review, 2009, 99, (2), 480-86 View citations
   See also Working Paper (2009)
2. International Finance and Growth in Developing Countries: What Have We Learned&quest
   IMF Staff Papers, 2009, 56, (1), 63-111

2008

3. Concluding Remarks
   Monetary and Economic Studies, 2008, 26, 49-58
4. 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
   See also Working Paper (2005)

2006

5. Implications for the Yen of Japanese Current Account Adjustment
   Monetary and Economic Studies, 2006, 24, (S1), 27-38
   See also Working Paper (2006)

2005

6. America's Deficit, the World's Problem: Keynote Speech
   Monetary and Economic Studies, 2005, 23, (S1), 25-35
7. Comment on: "Rational speculation and exchange rates"
   Journal of Monetary Economics, 2005, 52, (1), 31-33
8. Global Current Account Imbalances and Exchange Rate Adjustments
   Brookings Papers on Economic Activity, 2005, 36, (2005-1), 67-146 View citations
9. Optimal fiscal policy in a monetary union - comments
   Proceedings, 2005
10. The Case for Open-Market Purchases in a Liquidity Trap
    American Economic Review, 2005, 95, (1), 110-137 View citations
    Also in Proceedings, 2003, (Mar) (2003) View citations
    See also Working Paper (2004)
11. 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
    See also Working Paper (2004)
12. The unsustainable U.S. current account position revisited
    Proceedings, 2005, (Feb) View citations
    Also in Proceedings, 2005 (2005) View citations
    See also Chapter (2007)
    Working Paper (2005)

2004

13. External adjustment
    Review of World Economics (Weltwirtschaftliches Archiv), 2004, 140, (4), 541-568 View citations
    See also Working Paper (2004)
14. Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies: Keynote Speech
    Monetary and Economic Studies, 2004, 22, (S1), 29-55
15. Monetary and Fiscal Remedies for Deflation
    American Economic Review, 2004, 94, (2), 71-75 View citations
    See also Working Paper (2004)

2003

16. Sovereign risk, credibility and the gold standard: 1870-1913 versus 1925-31
    Economic Journal, 2003, 113, (487), 241-275
    See also Working Paper (2003)

2002

17. Exchange Rates and Adjustment: Perspectives from the New Open- Economy Macroeconomics
    Monetary and Economic Studies, 2002, 20, (S1), 23-46 View citations
    See also Working Paper (2003)
18. Global Implications Of Self-Oriented National Monetary Rules
    The Quarterly Journal of Economics, 2002, 117, (2), 503-535 View citations
    See also Working Paper (2003)
19. Inflation-Targeting, Exchange-Rate Pass-Through, and Volatility
    American Economic Review, 2002, 92, (2), 102-107 View citations

2000

20. New directions for stochastic open economy models
    Journal of International Economics, 2000, 50, (1), 117-153 View citations
    See also Working Paper (2000)
21. Perspectives on OECD economic integration: implications for U.S. current account adjustment
    Proceedings, 2000, 169-208 View citations
    See also Working Paper (2001)

1998

22. A strategy for launching the Euro
    European Economic Review, 1998, 42, (6), 975-1007 View citations
    See also Working Paper (1999)
23. Financial shocks and business cycles: lessons form outside the United States
    Conference Series ; [Proceedings], 1998, (Jun), 187-193
24. Open-Economy Macroeconomics: Developments in Theory and Policy
    Scandinavian Journal of Economics, 1998, 100, (1), 247-75 View citations
    See also Working Paper (1999)
25. Regional non-adjustment and fiscal policy
    Economic Policy, 1998, 13, (26), 205-259 View citations
26. The Global Capital Market: Benefactor or Menace?
    Journal of Economic Perspectives, 1998, 12, (4), 9-30 View citations
    See also Working Paper (2000)

1997

27. DYNAMIC SEIGNIORAGE THEORY
    Macroeconomic Dynamics, 1997, 1, (03), 588-614 View citations
28. Destabilizing effects of exchange-rate escape clauses
    Journal of International Economics, 1997, 43, (1-2), 61-77 View citations
    See also Working Paper (1998)
29. Europe's gamble
    Brookings Papers on Economic Activity, 1997, 28, (1997-2), 241-317 View citations
30. 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
    See also Working Paper (1997)

1996

31. 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
    See also Working Paper (1996)
32. Models of currency crises with self-fulfilling features
    European Economic Review, 1996, 40, (3-5), 1037-1047 View citations
    See also Working Paper (1997)

1995

33. Exchange Rate Dynamics Redux
    Journal of Political Economy, 1995, 103, (3), 624-60 View citations
    See also Working Paper (1996)
34. Intenational Currency Experience: New Lessons and Lessons Relearned
    Brookings Papers on Economic Activity, 1995, 26, (1995-1), 119-220
35. The Mirage of Fixed Exchange Rates
    Journal of Economic Perspectives, 1995, 9, (4), 73-96 View citations
    See also Working Paper (1995)

1994

36. Evaluating risky consumption paths: The role of intertemporal substitutability
    European Economic Review, 1994, 38, (7), 1471-1486 View citations
    See also Working Paper (1995)
37. Risk-Taking, Global Diversification, and Growth
    American Economic Review, 1994, 84, (5), 1310-29 View citations
    See also Working Paper (1995)

1992

38. International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition
    Review of International Economics, 1992, 1, (1), 32-48 View citations
    See also Working Paper (1993)
39. International risk sharing and capital mobility: another look
    Journal of International Money and Finance, 1992, 11, (1), 115-121 View citations

1991

40. A model of currency depreciation and the debt-inflation spiral
    Journal of Economic Dynamics and Control, 1991, 15, (1), 151-177 View citations
    See also Working Paper (1990)
41. Commodity trade and international risk sharing: How much do financial markets matter?
    Journal of Monetary Economics, 1991, 28, (1), 3-24 View citations
    See also Working Paper (1991)
42. Exchange-rate dynamics under stochastic regime shifts: A unified approach
    Journal of International Economics, 1991, 31, (3-4), 203-229 View citations
    See also Working Paper (1992)
43. Intrinsic Bubbles: The Case of Stock Prices
    American Economic Review, 1991, 81, (5), 1189-214 View citations
    See also Working Paper (1992)
44. Stochastic Process Switching: Some Simple Solutions
    Econometrica, 1991, 59, (1), 241-50 View citations
    See also Working Paper (1991)

1990

45. Intertemporal dependence, impatience, and dynamics
    Journal of Monetary Economics, 1990, 26, (1), 45-75 View citations
    See also Working Paper (1991)
46. Time Consistency of Fiscal and Monetary Policy: A Comment
    Econometrica, 1990, 58, (5), 1245-47 View citations

1989

47. Fiscal deficits and relative prices in a growing world economy
    Journal of Monetary Economics, 1989, 23, (3), 461-484 View citations
    See also Working Paper (1989)
48. 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

49. Optimal Time-Consistent Fiscal Policy with Finite Lifetimes
    Econometrica, 1988, 56, (2), 411-32 View citations
50. 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

1986

51. Capital controls, the dual exchange rate, and devaluation
    Journal of International Economics, 1986, 20, (1-2), 1-20 View citations
    See also Working Paper (1986)
52. Capital mobility in the world economy: Theory and measurement
    Carnegie-Rochester Conference Series on Public Policy, 1986, 24, (1), 55-103 View citations
    See also Working Paper (1986)
53. Rational and Self-fulfilling Balance-of-Payments Crises
    American Economic Review, 1986, 76, (1), 72-81 View citations
    See also Working Paper (1986)
54. Ruling out divergent speculative bubbles
    Journal of Monetary Economics, 1986, 17, (3), 349-362 View citations
55. 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
    See also Working Paper (1986)

1985

56. The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation
    Review of Economic Studies, 1985, 52, (4), 605-25 View citations
    See also Working Paper (1985)

1984

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

1983

60. Exchange rates, inflation, and the sterilization problem: Germany, 1975-1981
    European Economic Review, 1983, 21, (1-2), 161-189
    See also Working Paper (1983)
61. Intertemporal price speculation and the optimal current-account deficit
    Journal of International Money and Finance, 1983, 2, (2), 135-145 View citations
    See also Working Paper (1983)
62. Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?
    Journal of Political Economy, 1983, 91, (4), 675-87 View citations
    See also Working Paper (1983)
63. Two-step two-stage least squares estimation in models with rational expectations
    Journal of Econometrics, 1983, 21, (3), 333-355 View citations
    See also Working Paper (1983)

1982

64. Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?
    The Quarterly Journal of Economics, 1982, 97, (2), 251-70 View citations
    See also Working Paper (1981)
65. Can We Sterilize? Theory and Evidence
    American Economic Review, 1982, 72, (2), 45-50 View citations
    See also Working Paper (1982)
66. Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight
    Econometrica, 1982, 50, (5), 1219-42
    See also Working Paper (1982)
67. 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
    See also Working Paper (1982)

1981

68. 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
69. Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations
    American Economic Review, 1981, 71, (2), 217-21 View citations
    See also Working Paper (1981)
70. Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation
    Journal of Political Economy, 1981, 89, (6), 1142-61 View citations
    See also Working Paper (1981)

1980

71. Imperfect asset substitutability and monetary policy under fixed exchange rates
    Journal of International Economics, 1980, 10, (2), 177-200 View citations
    See also Working Paper (1980)
72. 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
    See also Working Paper (1981)

Books

1996

1. Foundations of International Macroeconomics, vol 1
   MIT Press Books, The MIT Press

1983

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

Edited books

2004

1. Money, Capital Mobility, and Trade: Essays in Honor of Robert A. Mundell, vol 1
   MIT Press Books, The MIT Press

Chapters

2007

1. The Unsustainable U.S. Current Account Position Revisited
   A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 339-376 View citations
   See also Working Paper (2005)
   Journal Article in Proceedings (2005)

2003

2. Globalization and Capital Markets
   A chapter in Globalization in Historical Perspective, 2003, pp 121-188 View citations
   See also Working Paper (2002)

2001

3. 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
   See also Working Paper (2001)

1998

4. 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
   See also Working Paper (1999)

1995

5. The intertemporal approach to the current account
   Chapter 34 in Handbook of International Economics, 1995, vol. 3, pp 1731-1799 View citations
   See also Working Paper (1996)

1993

6. The Adjustment Mechanism
   A chapter in A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, 1993, pp 201-268 View citations
   See also Working Paper (1993)

1990

7. The Effectiveness of Foreign-Exchange Intervention: Recent Experience, 1985- 1988
   A chapter in International Policy Coordination and Exchange Rate Fluctuations, 1990, pp 197-246

1986

8. 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

1985

9. Exchange-rate dynamics
   Chapter 18 in Handbook of International Economics, 1985, vol. 2, pp 917-977 View citations
   See also Working Paper (1985)

1984

10. 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
    See also Working Paper (1985)

1983

11. 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
    See also Working Paper (1984)
12. 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