Details about Christopher Otrok

Workplace:

Economic Research Department, Federal Reserve Bank of Dallas, (more information at EDIRC)

Access statistics for papers by Christopher Otrok.

Last updated 2024-11-14. Update your information in the RePEc Author Service.

Short-id: pot2

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Working Papers

2022

1. Commodity Exports, Financial Frictions and International Spillovers
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (1)
   See also Journal Article Commodity exports, financial frictions, and international spillovers, European Economic Review, Elsevier (2023) View citations (1) (2023)
2. Tax Progressivity, Economic Booms, and Trickle-Up Economics
   Working Papers, Federal Reserve Bank of St. Louis

2020

3. Could More Progressive Taxes Increase Income Inequality?
   On the Economy, Federal Reserve Bank of St. Louis
4. Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (23)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (24)
   Staff Reports, Federal Reserve Bank of New York (2020) View citations (14)
   Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (16)
   2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (10)
5. Global Macro-Financial Cycles and Spillovers
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2020) View citations (10)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (10)
   IZA Discussion Papers, Institute of Labor Economics (IZA) (2020) View citations (10)
   Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2020) View citations (10)

2019

6. A Model for International Spillovers to Emerging Markets
   CESifo Working Paper Series, CESifo View citations (5)
   Also in Working Paper Research, National Bank of Belgium (2019) View citations (5)
7. Optimal Policy for Macro-Financial Stability
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   Also in Staff Reports, Federal Reserve Bank of New York (2019) View citations (3)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012) View citations (24)
   Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (27)
   IDB Publications (Working Papers), Inter-American Development Bank (2012) View citations (24)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (24)
   Research Department Publications, Inter-American Development Bank, Research Department (2012) View citations (24)
   2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (2)
   CEP Discussion Papers, Centre for Economic Performance, LSE (2012) View citations (33)
   See also Journal Article Optimal Policy for Macrofinancial Stability, American Economic Journal: Macroeconomics, American Economic Association (2023) View citations (1) (2023)

2016

8. Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (108)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (22)
   Discussion Papers, Centre for Macroeconomics (CFM) (2015) View citations (8)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) View citations (99)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015) View citations (3)
   See also Journal Article Optimal capital controls and real exchange rate policies: A pecuniary externality perspective, Journal of Monetary Economics, Elsevier (2016) View citations (101) (2016)

2015

9. Specification and Estimation of Bayesian Dynamic Factor Models: A Monte Carlo Analysis with an Application to Global House Price Comovement
   Working Papers, Federal Reserve Bank of St. Louis View citations (17)
   See also Chapter Specification and Estimation of Bayesian Dynamic Factor Models: A Monte Carlo Analysis with an Application to Global House Price Comovement, Advances in Econometrics, Emerald Group Publishing Limited (2016) View citations (21) (2016)
10. The Sources of Business Cycles in a Low Income Country
    IMF Working Papers, International Monetary Fund View citations (11)
    See also Journal Article Sources of Business Cycles in a Low Income Country, Pacific Economic Review, Wiley Blackwell (2015) View citations (10) (2015)

2013

11. Capital Controls or Real Exchange Rate Policy? A Pecuniary Externality Perspective
    2013 Meeting Papers, Society for Economic Dynamics View citations (19)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2013) View citations (21)
    Research Department Publications, Inter-American Development Bank, Research Department (2013) View citations (20)
12. Credit Shocks and Macroeconomic Fluctuations in Emerging Markets
    CESifo Working Paper Series, CESifo View citations (12)
13. Fiscal Policy in the Aftermath of the Crisis
    MPRA Paper, University Library of Munich, Germany View citations (1)
14. Global House Price Fluctuations: Synchronization and Determinants
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (49)
    Also in IMF Working Papers, International Monetary Fund (2013) View citations (50)
    Working Paper, Harvard University OpenScholar View citations (101)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (86)
    See also Chapter Global House Price Fluctuations: Synchronization and Determinants, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (85) (2012)
    Journal Article Global House Price Fluctuations: Synchronization and Determinants, NBER International Seminar on Macroeconomics, University of Chicago Press (2013) View citations (48) (2013)
15. Regionalization vs. Globalization
    IMF Working Papers, International Monetary Fund View citations (50)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2013) View citations (4)
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2013) View citations (48)
    Working Paper, Harvard University OpenScholar View citations (48)
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2013) View citations (54)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2013) View citations (43)

2012

16. Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective
    CEP Discussion Papers, Centre for Economic Performance, LSE View citations (16)
    Also in Working Papers, Department of Economics, University of Missouri (2012) View citations (23)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012) View citations (11)
    Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (6)
17. Monetary and Macro-Prudential Policies: An Integrated Analysis
    Working Papers, Department of Economics, University of Missouri View citations (22)
18. News shocks and the slope of the term structure of interest rates
    Working Papers, Federal Reserve Bank of St. Louis View citations (8)
    Also in Cahiers de recherche, CIRPEE (2010) View citations (14)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (11)
    See also Journal Article News Shocks and the Slope of the Term Structure of Interest Rates, American Economic Review, American Economic Association (2013) View citations (150) (2013)

2011

19. Financial Crises and Macro-Prudential Policies
    Research Department Publications, Inter-American Development Bank, Research Department View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (20)
    IDB Publications (Working Papers), Inter-American Development Bank (2011) View citations (7)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2010) View citations (11)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2010)
    See also Journal Article Financial crises and macro-prudential policies, Journal of International Economics, Elsevier (2013) View citations (198) (2013)
20. News Shocks and the Term Structure of Interest Rates: A Challenge for DSGE Models
    2011 Meeting Papers, Society for Economic Dynamics View citations (8)
21. On The Cyclicality of Real Wages and Wage Di¤erentials
    Working Papers, Department of Economics, University of Missouri View citations (2)
    Also in Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section (2009) View citations (1)
    Working Papers, Central Bank of Cyprus (2011) View citations (8)
    See also Journal Article On the cyclicality of real wages and wage differentials, The B.E. Journal of Macroeconomics, De Gruyter (2019) View citations (2) (2019)

2010

22. Do Credit Shocks Matter? A Global Perspective
    IMF Working Papers, International Monetary Fund View citations (55)
    See also Journal Article Do credit shocks matter? A global perspective, European Economic Review, Elsevier (2011) View citations (180) (2011)
23. Revisiting Overborrowing and Its Policy Implications
    IDB Publications (Working Papers), Inter-American Development Bank View citations (31)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2010)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (42)
    Research Department Publications, Inter-American Development Bank, Research Department (2010) View citations (26)
    Working Papers Central Bank of Chile, Central Bank of Chile (2010) View citations (26)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2010) View citations (26)
    See also Chapter Revisiting Overborrowing and its Policy Implications, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2011) View citations (26) (2011)

2009

24. What are the driving forces of international business cycles
    2009 Meeting Papers, Society for Economic Dynamics
    Also in Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics (2008) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (25)
    See also Journal Article What are the driving forces of international business cycles?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2011) View citations (159) (2011)

2008

25. Dynamic factor models with time-varying parameters: measuring changes in international business cycles
    Staff Reports, Federal Reserve Bank of New York View citations (145)
26. Global Business Cycles: Convergence or Decoupling?
    IMF Working Papers, International Monetary Fund View citations (174)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (162)
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2008) View citations (177)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2008) View citations (158)
    See also Journal Article GLOBAL BUSINESS CYCLES: CONVERGENCE OR DECOUPLING?, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2012) View citations (224) (2012)

2007

27. Optimal Monetary Policy in a Medium Scale Model for Emerging Markets
    2007 Meeting Papers, Society for Economic Dynamics

2005

28. Monetary policy and the house price boom across U.S. states
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (17)
29. Understanding the Evolution of World Business Cycles
    IMF Working Papers, International Monetary Fund View citations (40)
    See also Journal Article Understanding the evolution of world business cycles, Journal of International Economics, Elsevier (2008) View citations (303) (2008)

2004

30. Stochastic Discount Factor Models and the Equity Premium Puzzle
    MPRA Paper, University Library of Munich, Germany View citations (5)

2001

31. Spectral Implications of Security Market Data for Models of Dynamic Economies
    Computing in Economics and Finance 2001, Society for Computational Economics

2000

32. Evaluating Asset-Pricing Models Using The Hansen-Jagannathan Bound: A Monte Carlo Investigation
    Virginia Economics Online Papers, University of Virginia, Department of Economics
    Also in Working Papers, University of Iowa, Department of Economics (1999) View citations (1)
    See also Journal Article Evaluating asset-pricing models using the Hansen-Jagannathan bound: a Monte Carlo investigation, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2002) View citations (9) (2002)
33. On Measuring the Welfare Cost of Business Cycles
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (31)
    Also in Virginia Economics Online Papers, University of Virginia, Department of Economics (1999) View citations (3)
    See also Journal Article On measuring the welfare cost of business cycles, Journal of Monetary Economics, Elsevier (2001) View citations (164) (2001)

1998

34. Habit Formation: A Resolution of the Equity Premium Puzzle?
    Working Papers, University of Iowa, Department of Economics View citations (22)
    See also Journal Article Habit formation: a resolution of the equity premium puzzle?, Journal of Monetary Economics, Elsevier (2002) View citations (71) (2002)

1996

35. Bayesian Leading Indicators: Measuring and Predicting Economic Conditions in Iowa
    Working Papers, University of Iowa, Department of Economics View citations (6)
    See also Journal Article Bayesian Leading Indicators: Measuring and Predicting Economic Conditions in Iowa, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1998) View citations (148) (1998)
36. Baynesian Leading Indicators: Measuring and Predicting Economic Conditions
    Macroeconomics, University Library of Munich, Germany View citations (3)

Journal Articles

2023

1. Commodity exports, financial frictions, and international spillovers
   European Economic Review, 2023, 158, (C) View citations (1)
   See also Working Paper Commodity Exports, Financial Frictions and International Spillovers, Globalization Institute Working Papers (2022) View citations (1) (2022)
2. Optimal Policy for Macrofinancial Stability
   American Economic Journal: Macroeconomics, 2023, 15, (4), 401-28 View citations (1)
   See also Working Paper Optimal Policy for Macro-Financial Stability, NBER Working Papers (2019) View citations (3) (2019)

2020

3. Asset Pricing Through the Lens of the Hansen-Jagannathan Bound
   Review, 2020, 102, (3), 255-269
4. Sudden Stops and COVID-19: Lessons from Mexico’s History
   FRBSF Economic Letter, 2020, 2020, (33), 01-05

2019

5. On the cyclicality of real wages and wage differentials
   The B.E. Journal of Macroeconomics, 2019, 19, (1), 18 View citations (2)
   See also Working Paper On The Cyclicality of Real Wages and Wage Di¤erentials, Working Papers (2011) View citations (2) (2011)

2017

6. News Shocks and the Slope of the Term Structure of Interest Rates: Reply
   American Economic Review, 2017, 107, (10), 3250-56 View citations (5)

2016

7. Optimal capital controls and real exchange rate policies: A pecuniary externality perspective
   Journal of Monetary Economics, 2016, 84, (C), 147-165 View citations (101)
   See also Working Paper Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective, NBER Working Papers (2016) View citations (108) (2016)

2015

8. Regional vs. Global: How Are Countries' Business Cycles Moving Together These Days?
   The Regional Economist, 2015, (April) View citations (4)
9. Sources of Business Cycles in a Low Income Country
   Pacific Economic Review, 2015, 20, (1), 125-148 View citations (10)
   See also Working Paper The Sources of Business Cycles in a Low Income Country, IMF Working Papers (2015) View citations (11) (2015)

2013

10. Financial crises and macro-prudential policies
    Journal of International Economics, 2013, 89, (2), 453-470 View citations (198)
    See also Working Paper Financial Crises and Macro-Prudential Policies, Research Department Publications (2011) View citations (13) (2011)
11. Global House Price Fluctuations: Synchronization and Determinants
    NBER International Seminar on Macroeconomics, 2013, 9, (1), 119 - 166 View citations (48)
    See also Working Paper Global House Price Fluctuations: Synchronization and Determinants, CAMA Working Papers (2013) View citations (49) (2013)
    Chapter Global House Price Fluctuations: Synchronization and Determinants, NBER Chapters, 2012, 119-166 (2012) View citations (85) (2012)
12. News Shocks and the Slope of the Term Structure of Interest Rates
    American Economic Review, 2013, 103, (6), 2612-32 View citations (150)
    See also Working Paper News shocks and the slope of the term structure of interest rates, Working Papers (2012) View citations (8) (2012)

2012

13. GLOBAL BUSINESS CYCLES: CONVERGENCE OR DECOUPLING?
    International Economic Review, 2012, 53, (2), 511-538 View citations (224)
    See also Working Paper Global Business Cycles: Convergence or Decoupling?, IMF Working Papers (2008) View citations (174) (2008)

2011

14. Do credit shocks matter? A global perspective
    European Economic Review, 2011, 55, (3), 340-353 View citations (180)
    See also Working Paper Do Credit Shocks Matter? A Global Perspective, IMF Working Papers (2010) View citations (55) (2010)
15. What are the driving forces of international business cycles?
    Review of Economic Dynamics, 2011, 14, (1), 156-175 View citations (159)
    See also Working Paper What are the driving forces of international business cycles, 2009 Meeting Papers (2009) (2009)
    Software Item Code and data files for "What are the driving forces of international business cycles?", Computer Codes (2010) (2010)

2010

16. A Model for Monetary Policy Analysis for Sub-Saharan Africa
    Open Economies Review, 2010, 21, (1), 127-145 View citations (10)

2008

17. Understanding the evolution of world business cycles
    Journal of International Economics, 2008, 75, (1), 110-130 View citations (303)
    See also Working Paper Understanding the Evolution of World Business Cycles, IMF Working Papers (2005) View citations (40) (2005)

2007

18. 99 Luftballons: Monetary policy and the house price boom across U.S. states
    Journal of Monetary Economics, 2007, 54, (7), 1962-1985 View citations (286)
19. A generalized volatility bound for dynamic economies
    Journal of Monetary Economics, 2007, 54, (8), 2269-2290 View citations (2)

2003

20. International Business Cycles: World, Region, and Country-Specific Factors
    American Economic Review, 2003, 93, (4), 1216-1239 View citations (847)

2002

21. Evaluating asset-pricing models using the Hansen-Jagannathan bound: a Monte Carlo investigation
    Journal of Applied Econometrics, 2002, 17, (2), 149-174 View citations (9)
    See also Working Paper Evaluating Asset-Pricing Models Using The Hansen-Jagannathan Bound: A Monte Carlo Investigation, Virginia Economics Online Papers (2000) (2000)
22. Habit formation: a resolution of the equity premium puzzle?
    Journal of Monetary Economics, 2002, 49, (6), 1261-1288 View citations (71)
    See also Working Paper Habit Formation: A Resolution of the Equity Premium Puzzle?, Working Papers (1998) View citations (22) (1998)

2001

23. On measuring the welfare cost of business cycles
    Journal of Monetary Economics, 2001, 47, (1), 61-92 View citations (164)
    See also Working Paper On Measuring the Welfare Cost of Business Cycles, Econometric Society World Congress 2000 Contributed Papers (2000) View citations (31) (2000)
24. Spectral Welfare Cost Functions
    International Economic Review, 2001, 42, (2), 345-67 View citations (27)

1998

25. Bayesian Leading Indicators: Measuring and Predicting Economic Conditions in Iowa
    International Economic Review, 1998, 39, (4), 997-1014 View citations (148)
    See also Working Paper Bayesian Leading Indicators: Measuring and Predicting Economic Conditions in Iowa, Working Papers (1996) View citations (6) (1996)

1995

26. The rational expectations hypothesis of the term structure, monetary policy, and time-varying term premia
    Economic Quarterly, 1995, (Win), 65-81 View citations (43)

1994

27. Long-Run Neutrality and Superneutrality in an ARIMA Framework: Comment
    American Economic Review, 1994, 84, (5), 1470-73 View citations (26)
28. M2 and monetary policy: a critical review of the recent debate
    Economic Quarterly, 1994, (Win), 41-49 View citations (6)

1992

29. Forecasting the effects of reduced defense spending
    Economic Review, 1992, 78, (Nov), 3-11

Chapters

2020

1. COVID-19: A double whammy of financial and economic sudden stops for emerging economies
   Chapter 1 in COVID-19 in Developing Economies, 2020, vol. 1, pp 329-341

2016

2. Specification and Estimation of Bayesian Dynamic Factor Models: A Monte Carlo Analysis with an Application to Global House Price Comovement
   A chapter in Dynamic Factor Models, 2016, vol. 35, pp 361-400 View citations (21)
   See also Working Paper Specification and Estimation of Bayesian Dynamic Factor Models: A Monte Carlo Analysis with an Application to Global House Price Comovement, Federal Reserve Bank of St. Louis (2015) View citations (17) (2015)

2012

3. Global House Price Fluctuations: Synchronization and Determinants
   A chapter in NBER International Seminar on Macroeconomics 2012, 2012, pp 119-166 View citations (85)
   See also Working Paper Global House Price Fluctuations: Synchronization and Determinants, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2013) View citations (49) (2013)
   Journal Article Global House Price Fluctuations: Synchronization and Determinants, University of Chicago Press (2013) View citations (48) (2013)

2011

4. Revisiting Overborrowing and its Policy Implications
   Chapter 06 in Monetary Policy under Financial Turbulence, 2011, vol. 16, pp 145-184 View citations (26)
   See also Working Paper Revisiting Overborrowing and Its Policy Implications, Inter-American Development Bank (2010) View citations (31) (2010)

Software Items

2010

1. Code and data files for "What are the driving forces of international business cycles?"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article What are the driving forces of international business cycles?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2011) View citations (159) (2011)

2001

2. Gauss programs for On Measuring the Welfare Costs of Business Cycles
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles

Editor

1. Journal of Economic Dynamics and Control
   Elsevier