Details about Aaron Tornell

Access statistics for papers by Aaron Tornell.

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Short-id: pto157

Working Papers

2006

1. Decomposing the Effects of Financial Liberalization: Crises vs. Growth
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (137)
   See also Journal Article Decomposing the effects of financial liberalization: Crises vs. growth, Journal of Banking & Finance, Elsevier (2006) View citations (141) (2006)

2005

2. Systemic Crises and Growth
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
   Also in CESifo Working Paper Series, CESifo (2005) View citations (20)
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2004) View citations (9)
3. Systemic Crises and Growth (September 2006)
   UCLA Economics Online Papers, UCLA Department of Economics View citations (12)

2004

4. Crises and Growth: A Re-Evaluation
   CESifo Working Paper Series, CESifo View citations (12)
   Also in UCLA Economics Working Papers, UCLA Department of Economics (2004) View citations (2)
   2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (2)
   NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (48)
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2003) View citations (35)
5. NAFTA and Mexico's Economic Performance
   CESifo Working Paper Series, CESifo View citations (5)
6. NAFTA and Mexico's Less-Than-Stellar Performance
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
   Also in UCLA Economics Working Papers, UCLA Department of Economics (2004) View citations (12)
7. The Positive Link Between Financial Liberalization Growth and Crises
   UCLA Economics Working Papers, UCLA Department of Economics View citations (69)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (74)
   CESifo Working Paper Series, CESifo (2004) View citations (69)

2003

8. Balance Sheet Effects, Bailout Guarantees and Financial Crises (Review of Economic Studies)
   UCLA Economics Online Papers, UCLA Department of Economics View citations (12)
9. Credit Market Imperfections in Middle Income Countries
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (55)
   Also in CESifo Working Paper Series, CESifo (2003) View citations (51)
10. Credit Market Imperfections in Middle Income Countries (January 2003)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (13)
11. Crises and Growth: A Re-evaluation (September 2003)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (10)
12. Exchange Rate Anomalies Under Model Misspecification: A Mixed Optimal/Robust Approach (January 2003)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (1)
13. Exchange Rate Dynamics, Learning and Misperception
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (16)
14. Exchange Rate Puzzles and Distorted Beleifs (June 2003), with Pierre-Olivier Gourinchas
    UCLA Economics Online Papers, UCLA Department of Economics
15. Liberalization, Growth and Financial Crises (October 2003)
    UCLA Economics Online Papers, UCLA Department of Economics View citations (1)
16. Robust-H_infinity Forecasting and Asset Pricing Anomalies (December 2001)
    UCLA Economics Online Papers, UCLA Department of Economics
17. Soft Landings (February 2000), with Martin Schneider
    UCLA Economics Online Papers, UCLA Department of Economics
18. The Credit Channel in Middle Income Countries
    CESifo Working Paper Series, CESifo View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (30)
19. The Role of Bank Restructuring in Recovering From Crises: Mexico 1995-1998 (March 1999), with Anne Krueger
    UCLA Economics Online Papers, UCLA Department of Economics

2002

20. Boom-Bust Cycles in Middle Income Countries: Facts and Explanation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (137)
21. The Credit Channel in Middle Income Countries (October 2002), with Frank Westermann
    UCLA Economics Online Papers, UCLA Department of Economics View citations (13)

2001

22. Robust-H-Infinity Forecasting and Asset Pricing
    UCLA Economics Working Papers, UCLA Department of Economics

2000

23. Balance SHeet Effects, Bailout Guarantees and Financial Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (117)
24. Robust-H-infinity Forecasting and Asset Pricing Anomalies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

1999

25. Common Fundamentals in the Tequila and Asian Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1999) View citations (66)
26. Privatizing The Privatized
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (8)
27. The Role of Bank Restructuring in Recovering from Crises: Mexico 1995-98
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (29)

1998

28. Reform from Within
    Working Papers, Harvard - Institute for International Development View citations (25)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1998) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (28)
29. Voracity and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1997) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (37)
30. Why Aren't Savings Rates in Latin America Procyclical?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
    Also in Working Papers, Harvard - Institute for International Development (1998) View citations (23)
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1998) View citations (24)
    See also Journal Article Why aren't savings rates in Latin America procyclical?, Journal of Development Economics, Elsevier (1998) View citations (40) (1998)

1997

31. Rational Atrophy: The U.S. Steel Industry
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (9)

1996

32. Exchange Rate Dynamics and Learning
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1996) View citations (6)
33. Financial Crises in Emerging Markets: The Lessons from 1995
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (435)
    Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1996) View citations (215)
    See also Journal Article Financial Crises in Emerging Markets: The Lessons from 1995, Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution (1996) View citations (460) (1996)
34. The Mexican Peso Crisis: Sudden Death or Death Foretold?
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (133)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1996) View citations (138)
    NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (137)
    See also Journal Article The Mexican peso crisis: Sudden death or death foretold?, Journal of International Economics, Elsevier (1996) View citations (136) (1996)

1995

35. Economic Growth and Decline with Endogenous Property Rights
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (7)
    See also Journal Article Economic Growth and Decline with Endogenous Property Rights, Journal of Economic Growth, Springer (1997) View citations (49) (1997)
36. Fixed Versus Flexible Exchange Rates: Which Provides More Fiscal Discipline
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (31)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (34)
    See also Journal Article Fixed versus flexible exchange rates: Which provides more fiscal discipline?, Journal of Monetary Economics, Elsevier (2000) View citations (125) (2000)
37. Money-Based Versus Exchange Rate-Based Stabilization with Endogenous Fiscal Policy
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (20)
38. Power Concentration and Growth
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (10)
39. The Collapse of the Mexican Peso: What Have We Learned?
    Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research View citations (57)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (63)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1995) View citations (59)
40. The Political Economy of Mexico's Entry to NAFTA
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Chapter The Political Economy of Mexico's Entry into NAFTA, NBER Chapters, National Bureau of Economic Research, Inc (1997) View citations (7) (1997)

1994

41. Are Windfalls a Curse? A Non-Representative Agent Model of the Current Account and Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)

1990

42. WAGES,PROFITS AND CAPITAL FLIGHT
    Working Papers, C.V. Starr Center for Applied Economics, New York University
43. WHY DOES CAPITAL FLOW FROM POOR TO RICH COUNTRIES? INTEREST GROUPS AND DYNAMIC GAMES IN POOR COUNTRIES
    Working Papers, C.V. Starr Center for Applied Economics, New York University

Undated

44. Concentrated Ownership and Bailout Guarantees (November 2005)
    UCLA Economics Online Papers, UCLA Department of Economics
45. Decomposing the Effects of Financial Liberalization: Crises vs. Growth (March 2006)
    UCLA Economics Online Papers, UCLA Department of Economics

Journal Articles

2006

1. Decomposing the effects of financial liberalization: Crises vs. growth
   Journal of Banking & Finance, 2006, 30, (12), 3331-3348 View citations (141)
   See also Working Paper Decomposing the Effects of Financial Liberalization: Crises vs. Growth, NBER Working Papers (2006) View citations (137) (2006)

2005

2. Recovery from a currency crisis: some stylized facts
   Journal of Development Economics, 2005, 76, (1), 71-96 View citations (57)

2004

3. Exchange rate puzzles and distorted beliefs
   Journal of International Economics, 2004, 64, (2), 303-333 View citations (175)

2000

4. Fixed versus flexible exchange rates: Which provides more fiscal discipline?
   Journal of Monetary Economics, 2000, 45, (2), 399-436 View citations (125)
   See also Working Paper Fixed Versus Flexible Exchange Rates: Which Provides More Fiscal Discipline, Working Papers (1995) View citations (31) (1995)

1999

5. The Voracity Effect
   American Economic Review, 1999, 89, (1), 22-46 View citations (717)
6. Voracity and growth in discrete time
   Economics Letters, 1999, 62, (1), 139-145 View citations (29)

1998

7. Are windfalls a curse?: A non-representative agent model of the current account
   Journal of International Economics, 1998, 44, (1), 83-112 View citations (110)
8. Fiscal discipline and the choice of a nominal anchor in stabilization
   Journal of International Economics, 1998, 46, (1), 1-30 View citations (32)
9. Why aren't savings rates in Latin America procyclical?
   Journal of Development Economics, 1998, 57, (1), 185-199 View citations (40)
   See also Working Paper Why Aren't Savings Rates in Latin America Procyclical?, NBER Working Papers (1998) View citations (29) (1998)

1997

10. Economic Growth and Decline with Endogenous Property Rights
    Journal of Economic Growth, 1997, 2, (3), 219-50 View citations (49)
    See also Working Paper Economic Growth and Decline with Endogenous Property Rights, Harvard Institute of Economic Research Working Papers (1995) View citations (1) (1995)

1996

11. Financial Crises in Emerging Markets: The Lessons from 1995
    Brookings Papers on Economic Activity, 1996, 27, (1), 147-216 View citations (460)
    See also Working Paper Financial Crises in Emerging Markets: The Lessons from 1995, NBER Working Papers (1996) View citations (435) (1996)
12. Power, Growth, and the Voracity Effect
    Journal of Economic Growth, 1996, 1, (2), 213-41 View citations (276)
13. The Mexican peso crisis: Sudden death or death foretold?
    Journal of International Economics, 1996, 41, (3-4), 265-283 View citations (136)
    See also Working Paper The Mexican Peso Crisis: Sudden Death or Death Foretold?, Harvard Institute of Economic Research Working Papers (1996) View citations (133) (1996)

1995

14. Fiscal discipline and the choice of exchange rate regime
    European Economic Review, 1995, 39, (3-4), 759-770 View citations (30)

1992

15. The Tragedy of the Commons and Economic Growth: Why Does Capital Flow from Poor to Rich Countries?
    Journal of Political Economy, 1992, 100, (6), 1208-31 View citations (227)

1990

16. Propiedades aislantes de los tipos de cambio duales: Un modelo neoclásico
    Estudios Económicos, 1990, 5, (1), 125-156
17. Real vs. financial investment can Tobin taxes eliminate the irreversibility distortion?
    Journal of Development Economics, 1990, 32, (2), 419-444 View citations (43)

1989

18. Inconsistencia dinámica de los programas proteccionistas
    Estudios Económicos, 1989, 4, (1), 61-82

Chapters

2004

1. Banks, Bailout Guarantees, and Risky Debt
   A chapter in Governance, Regulation, and Privatization in the Asia-Pacific Region, 2004, pp 425-453 View citations (1)

2002

2. Policy in an Economy with Balance Sheet Effects
   A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 705-742

2001

3. Comment on "Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances"
   A chapter in Regional and Global Capital Flows: Macroeconomic Causes and Consequences, 2001, pp 45-46
4. Lending Booms and Currency Crises: Empirical Link
   A chapter in Regional and Global Capital Flows: Macroeconomic Causes and Consequences, 2001, pp 47-67 View citations (7)

2000

5. Comment on "Fire-Sale FDI"
   A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 58-59

1997

6. The Political Economy of Mexico's Entry into NAFTA
   A chapter in Regionalism versus Multilateral Trade Arrangements, 1997, pp 25-56 View citations (7)
   See also Working Paper The Political Economy of Mexico's Entry to NAFTA, National Bureau of Economic Research, Inc (1995) View citations (17) (1995)

1995

7. Are Economic Crises Necessary for Trade Liberalization and Fiscal Reform? The Mexican Experience
   A chapter in Reform, Recovery, and Growth: Latin America and the Middle East, 1995, pp 53-76 View citations (18)