Details about Carlos Vegh

Access statistics for papers by Carlos Vegh.

Last updated 2010-12-28. Update your information in the RePEc Author Service.

Short-id: pve34

Working Papers

2012

1. How is Tax Policy Conducted over the Business Cycle?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
2. Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
3. Tax Multipliers: Pitfalls in Measurement and Identification
   NBER Working Papers, National Bureau of Economic Research, Inc

2011

4. On Graduation from Fiscal Procyclicality
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2010

5. Decoupling and Recoupling
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
6. How Big (Small?) are Fiscal Multipliers?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
   Also in CEP Discussion Papers, Centre for Economic Performance, LSE (2010) View citations (62)

2008

7. Interest Rates and the Exchange Rate: A Non-Monotonic Tale
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
8. Money, Crises, and Transition Essays in Honor of Guillermo A. Calvo: An Introduction
   MPRA Paper, University Library of Munich, Germany View citations (9)
9. Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (79)

2007

10. Optimal Exchange Rate Regimes: Turning Mundell-Fleming's Dictum on Its Head
    Staff General Research Papers, Iowa State University, Department of Economics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (2)
    See also Journal Article in Panoeconomicus (2007)
11. Segmented Asset Markets and Optimal Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in Staff General Research Papers, Iowa State University, Department of Economics (2007) View citations (12)
    See also Journal Article in Journal of International Economics (2007)

2006

12. When Is It Optimal to Abandon a Fixed Exchange Rate?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)

2005

13. Output Costs, Currency Crises, and Interest Rate Defense of a Peg
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Economic Journal (2007)

2004

14. Optimal Monetary Policy under Asset Market Segmentation
    Econometric Society 2004 North American Summer Meetings, Econometric Society View citations (1)
15. When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (145)
    Also in MPRA Paper, University Library of Munich, Germany (2004) View citations (166)
    See also Chapter (2005)

2003

16. The Unholy Trinity of Financial Contagion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (88)
    Also in MPRA Paper, University Library of Munich, Germany (2003) View citations (82)
    See also Journal Article in Journal of Economic Perspectives (2003)

2002

17. Modern Hyper- and High Inflations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (92)
    Also in IMF Working Papers, International Monetary Fund (2002) View citations (86)
    See also Journal Article in Journal of Economic Literature (2002)
18. Two Hundred Years of Contagion
    MPRA Paper, University Library of Munich, Germany View citations (5)

2001

19. Living with the Fear of Floating: An Optimal Policy Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
    See also Chapter (2002)
20. Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (1998)
    See also Chapter (2002)

2000

21. Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
22. Tax Base Variability and Procyclical Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (80)

1999

23. Do Exchange Rate-Based Stabilizations Carry the Seeds of Their Own Destruction?
    MPRA Paper, University Library of Munich, Germany View citations (10)
24. Inflation Stabilization and BOP Crises in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (105)
    See also Chapter (1999)

1998

25. Fiscal Policy Sustainability: A Basic Framework
    Research Department Publications, Inter-American Development Bank, Research Department View citations (3)
26. From Transition to Market - Evidence and Growth Prospects
    IMF Working Papers, International Monetary Fund View citations (26)
    Also in MPRA Paper, University Library of Munich, Germany (1998) View citations (25)
27. How Far is Eastern Europe from Brussels?
    IMF Working Papers, International Monetary Fund View citations (36)
    Also in MPRA Paper, University Library of Munich, Germany (1998) View citations (31)
28. Inflation Stabilization and the Consumption of Durable Goods
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (20)
    See also Journal Article in Economic Journal (1998)
29. Política Fiscal Sustentable: Un marco básico
    Research Department Publications, Inter-American Development Bank, Research Department
30. What If Alexander Hamilton Had Been Argentinean? A Comparison of the Early Monetary Experiences of Argentina and the United States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article in Journal of Monetary Economics (2002)

1997

31. Banks and Macroeconomic Disturbances Under Predetermined Exchange Rates
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA View citations (61)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (68)
    See also Journal Article in Journal of Monetary Economics (1997)
32. If Only Alexander Hamilton Had Been Argentinean: A Comparison of the Early Monetary Experiences of Argentina and the United States
    Departmental Working Papers, Rutgers University, Department of Economics View citations (3)
33. Losing Credibility: The Stabilization Blues
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA View citations (5)
    Also in IMF Working Papers, International Monetary Fund (1992) View citations (5)
    See also Journal Article in International Economic Review (1999)

1996

34. Stabilization and Growth in Transition Economies - The Early Experience
    IMF Working Papers, International Monetary Fund View citations (70)
    Also in MPRA Paper, University Library of Munich, Germany (1996) View citations (98)
    See also Journal Article in VOPROSY ECONOMIKI (1997)

1995

35. Capital Flows in Central and Eastern Europe: Evidence and Policy Options
    IMF Working Papers, International Monetary Fund View citations (12)
36. Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis: Evidence from Uruguay
    IMF Working Papers, International Monetary Fund View citations (17)
37. Dollarization in Transition Economies: Evidence and Policy Implications
    IMF Working Papers, International Monetary Fund View citations (12)
    Also in MPRA Paper, University Library of Munich, Germany (1995) View citations (9)
38. Inflation and Stabilization in Transition Economies: A Comparison with Market Economies
    IMF Working Papers, International Monetary Fund View citations (8)
39. Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination
    MPRA Paper, University Library of Munich, Germany View citations (53)
    See also Journal Article in Journal of Development Economics (1995)
40. Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (75)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1995) View citations (64)
    See also Chapter (1995)

1994

41. Inflation stabilization in chronic inflation countries: The empirical evidence
    MPRA Paper, University Library of Munich, Germany View citations (14)
42. Intertemporal consumption substitution and inflation stabilization:An empirical investigation
    MPRA Paper, University Library of Munich, Germany View citations (19)
43. La tasa de cambio real como meta de política: teoría y evidencia
    (Targeting the real exchange rate: Theory and evidence)
    MPRA Paper, University Library of Munich, Germany View citations (7)
    See also Journal Article in ENSAYOS SOBRE POLÍTICA ECONÓMICA (1994)
44. Targeting the Real Exchange Rate: Theory and Evidence
    IMF Working Papers, International Monetary Fund View citations (15)
    Also in MPRA Paper, University Library of Munich, Germany (1994) View citations (12)
    See also Journal Article in Journal of Development Economics (1995)
45. Targeting the real exchange rate
    MPRA Paper, University Library of Munich, Germany

1993

46. Stabilization Dynamics and Backward-Looking Contracts
    IMF Working Papers, International Monetary Fund
    See also Journal Article in Journal of Development Economics (1994)

1992

47. Currency Substitution in Developing Countries - An Introduction
    IMF Working Papers, International Monetary Fund View citations (56)
    Also in MPRA Paper, University Library of Munich, Germany (1992) View citations (66)

1991

48. Exchange rate stabilization under imperfect credibility
    MPRA Paper, University Library of Munich, Germany View citations (8)
49. Exchange-Rate-Based Stabilization Under Imperfect Credibility - G. A. Calvo and C. A. Vegh
    IMF Working Papers, International Monetary Fund View citations (22)
50. Stopping High Inflation: An Analytical Overview
    MPRA Paper, University Library of Munich, Germany
    Also in IMF Working Papers, International Monetary Fund (1991) View citations (13)

1990

51. Credibility and the Dynamics of Stabilization Policy: A Basic Framework
    IMF Working Papers, International Monetary Fund View citations (15)
52. INTEREST RATE TARGETING IN A SMALL OPEN ECONOMY: THE PREDETERMINED EXCHANGE RATES CASE
    IMF Working Papers, International Monetary Fund View citations (5)
53. Money Supply and Interest Rate Policy in a New-Keynesian Framework
    IMF Working Papers, International Monetary Fund View citations (2)

Journal Articles

2007

1. Optimal Exchange Rate Regimes: Turning Mundell-Fleming's Dictum on its Head
   Panoeconomicus, 2007, 54, (3), 249-270
   See also Working Paper (2007)
2. Output Costs, Currency Crises and Interest Rate Defence of a Peg
   Economic Journal, 2007, 117, (516), 216-239 View citations (5)
   See also Working Paper (2005)
3. Segmented asset markets and optimal exchange rate regimes
   Journal of International Economics, 2007, 72, (1), 1-21 View citations (14)
   See also Working Paper (2007)

2005

4. Tax base variability and procyclical fiscal policy in developing countries
   Journal of Development Economics, 2005, 78, (1), 156-190 View citations (100)

2003

5. Delaying the Inevitable: Interest Rate Defense and Balance of Payments Crises
   Journal of Political Economy, 2003, 111, (2), 404-424 View citations (31)
6. The Unholy Trinity of Financial Contagion
   Journal of Economic Perspectives, 2003, 17, (4), 51-74 View citations (94)
   See also Working Paper (2003)

2002

7. Modern Hyper- and High Inflations
   Journal of Economic Literature, 2002, 40, (3), 837-880 View citations (45)
   See also Working Paper (2002)
8. What if Alexander Hamilton had been Argentinean? A comparison of the early monetary experiences of Argentina and the United States
   Journal of Monetary Economics, 2002, 49, (3), 459-494 View citations (7)
   See also Working Paper (1998)

1999

9. Losing Credibility: The Stabilization Blues
   International Economic Review, 1999, 40, (1), 23-51 View citations (6)
   See also Working Paper (1997)

1998

10. Inflation Stabilisation and the Consumption of Durable Goods
    Economic Journal, 1998, 108, (446), 105-31 View citations (12)
    See also Working Paper (1998)

1997

11. Banks and macroeconomic disturbances under predetermined exchange rates
    Journal of Monetary Economics, 1997, 40, (2), 239-278 View citations (84)
    See also Working Paper (1997)
12. Stabilization and Growth in Transition Economies: The Early Experience
    VOPROSY ECONOMIKI, 1997, 5
    Also in Journal of Economic Perspectives, 1996, 10, (2), 45-66 (1996) View citations (102)
    See also Working Paper (1996)

1996

13. Disinflation and Interest-Bearing Money
    Economic Journal, 1996, 106, (439), 1546-63 View citations (1)
14. Economies in Transition: The Beginnings of Growth
    American Economic Review, 1996, 86, (2), 229-33 View citations (27)

1995

15. Fighting Inflation with High Interest Rates: The Small Open Economy Case under Flexible Prices
    Journal of Money, Credit and Banking, 1995, 27, (1), 49-66 View citations (17)
16. Inflationary finance and currency substitution in a public finance framework
    Journal of International Money and Finance, 1995, 14, (5), 679-693 View citations (2)
17. Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination
    Journal of Development Economics, 1995, 46, (2), 357-378 View citations (64)
    See also Working Paper (1995)
18. Targeting the real exchange rate: theory and evidence
    Journal of Development Economics, 1995, 47, (1), 97-133 View citations (67)
    See also Working Paper (1994)

1994

19. Currency substitution and the optimal inflation tax (economics letters 42, no. 1, 1993, pp. 65-70)
    Economics Letters, 1994, 44, (3), 345-345
20. INFLATION STABILIZATION AND NOMINAL ANCHORS
    Contemporary Economic Policy, 1994, 12, (2), 35-45 View citations (27)
21. LA TASA DE CAMBIO REAL COMO META DE POLÍTICA TEORÍA Y EVIDENCIA
    ENSAYOS SOBRE POLÍTICA ECONÓMICA, 1994 View citations (6)
    See also Working Paper (1994)
22. Stabilization dynamics and backward-looking contracts
    Journal of Development Economics, 1994, 43, (1), 59-84 View citations (33)
    See also Working Paper (1993)

1993

23. Currency substitution and the optimal inflation tax
    Economics Letters, 1993, 42, (1), 65-70 View citations (2)
24. The optimal inflation tax when money reduces transactions costs: A reconsideration
    Journal of Monetary Economics, 1993, 31, (2), 189-205 View citations (30)

1992

25. Macroeconomic interdependence under capital controls: A two-country model of dual exchange rates
    Journal of International Economics, 1992, 32, (3-4), 353-367 View citations (9)

1989

26. The optimal inflation tax in the presence of currency substitution
    Journal of Monetary Economics, 1989, 24, (1), 139-146 View citations (16)

Edited books

2008

1. Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo, vol 1
   MIT Press Books, The MIT Press

Chapters

2005

1. When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies
   A chapter in NBER Macroeconomics Annual 2004, Volume 19, 2005, pp 11-82 View citations (51)
   See also Working Paper (2004)

2002

2. Living with the Fear of Floating: An Optimal Policy Perspective
   A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 663-704
   See also Working Paper (2001)
3. Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences
   Chapter 6 in Indexation, Inflation and Monetary Policy, 2002, vol. 2, pp 151-182 View citations (1)
   See also Working Paper (2001)

1999

4. Inflation stabilization and bop crises in developing countries
   Chapter 24 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1531-1614 View citations (104)
   See also Working Paper (1999)

1995

5. Real Effects of Exchange-Rate-Based Stabilization: An Analysis of Competing Theories
   A chapter in NBER Macroeconomics Annual 1995, Volume 10, 1995, pp 125-188 View citations (52)
   See also Working Paper (1995)