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Details about Carlos Vegh

E-mail:
Homepage:http://www.econ.umd.edu/~vegh/
Postal address:Department of Economics University of Maryland College Park, MD 20742
Workplace:Department of Economics, University of Maryland, (more information at EDIRC)
National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Carlos Vegh.

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

Short-id: pve34


Jump to Journal Articles Edited books Chapters

Working Papers

2014

  1. Procyclical and Countercyclical Fiscal Multipliers: Evidence from OECD Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Reserve Requirement Policy over the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. Social Implications of Fiscal Policy Responses During Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. The Road to Redemption: Policy Response to Crises in Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2012

  1. How is Tax Policy Conducted over the Business Cycle?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
  2. Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
  3. Tax Multipliers: Pitfalls in Measurement and Identification
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2011

  1. On Graduation from Fiscal Procyclicality
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)

2010

  1. Decoupling and Recoupling
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  2. How Big (Small?) are Fiscal Multipliers?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (24)
    Also in CEP Discussion Papers, Centre for Economic Performance, LSE (2010) Downloads View citations (68)

2008

  1. Interest Rates and the Exchange Rate: A Non-Monotonic Tale
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
  2. Money, Crises, and Transition Essays in Honor of Guillermo A. Calvo: An Introduction
    MPRA Paper, University Library of Munich, Germany Downloads View citations (12)
  3. Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (122)

2007

  1. 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) Downloads View citations (3)

    See also Journal Article in Panoeconomicus (2007)
  2. Segmented Asset Markets and Optimal Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Staff General Research Papers, Iowa State University, Department of Economics (2007) Downloads View citations (14)

    See also Journal Article in Journal of International Economics (2007)

2006

  1. When Is It Optimal to Abandon a Fixed Exchange Rate?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)

2005

  1. Output Costs, Currency Crises, and Interest Rate Defense of a Peg
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Economic Journal (2007)

2004

  1. Optimal Monetary Policy under Asset Market Segmentation
    Econometric Society 2004 North American Summer Meetings, Econometric Society Downloads View citations (1)
  2. When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (185)
    Also in MPRA Paper, University Library of Munich, Germany (2004) Downloads View citations (189)

    See also Chapter (2005)

2003

  1. The Unholy Trinity of Financial Contagion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (131)
    Also in MPRA Paper, University Library of Munich, Germany (2003) Downloads View citations (122)

    See also Journal Article in Journal of Economic Perspectives (2003)

2002

  1. Modern Hyper- and High Inflations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (119)
    Also in IMF Working Papers, International Monetary Fund (2002) Downloads View citations (107)

    See also Journal Article in Journal of Economic Literature (2002)
  2. Two Hundred Years of Contagion
    MPRA Paper, University Library of Munich, Germany Downloads View citations (7)

2001

  1. Living with the Fear of Floating: An Optimal Policy Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (51)
    See also Chapter (2002)
  2. Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (1998) Downloads

    See also Chapter (2002)

2000

  1. Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (24)
  2. Tax Base Variability and Procyclical Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (114)

1999

  1. Do Exchange Rate-Based Stabilizations Carry the Seeds of Their Own Destruction?
    MPRA Paper, University Library of Munich, Germany Downloads View citations (13)
  2. Inflation Stabilization and BOP Crises in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (116)
    See also Chapter (1999)

1998

  1. Fiscal Policy Sustainability: A Basic Framework
    Research Department Publications, Inter-American Development Bank, Research Department Downloads View citations (3)
  2. From Transition to Market; Evidence and Growth Prospects
    IMF Working Papers, International Monetary Fund Downloads View citations (29)
    Also in MPRA Paper, University Library of Munich, Germany (1998) Downloads View citations (28)
  3. How Far is Eastern Europe From Brussels?
    IMF Working Papers, International Monetary Fund Downloads View citations (38)
    Also in MPRA Paper, University Library of Munich, Germany (1998) Downloads View citations (33)
  4. Inflation Stabilization and the Consumption of Durable Goods
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile Downloads View citations (20)
    See also Journal Article in Economic Journal (1998)
  5. Política Fiscal Sustentable: Un marco básico
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  6. 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 Downloads View citations (6)
    See also Journal Article in Journal of Monetary Economics (2002)

1997

  1. Banks and Macroeconomic Disturbances Under Predetermined Exchange Rates
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads View citations (62)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (78)

    See also Journal Article in Journal of Monetary Economics (1997)
  2. 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)
  3. Losing Credibility: The Stabilization Blues
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads View citations (5)
    Also in IMF Working Papers, International Monetary Fund (1992) Downloads View citations (5)

    See also Journal Article in International Economic Review (1999)

1996

  1. Stabilization and Growth in Transition Economies; The Early Experience
    IMF Working Papers, International Monetary Fund Downloads View citations (82)
    Also in MPRA Paper, University Library of Munich, Germany (1996) Downloads View citations (111)

    See also Journal Article in VOPROSY ECONOMIKI (1997)

1995

  1. Capital Flows in Central and Eastern Europe; Evidence and Policy Options
    IMF Working Papers, International Monetary Fund Downloads View citations (12)
  2. Disinflation and the Recession-Now-Versus-Recession-Later Hypothesis; Evidence From Uruguay
    IMF Working Papers, International Monetary Fund Downloads View citations (16)
  3. Dollarization in Transition Economies; Evidence and Policy Implications
    IMF Working Papers, International Monetary Fund Downloads View citations (14)
    Also in MPRA Paper, University Library of Munich, Germany (1995) Downloads View citations (11)
  4. Inflation and Stabilization in Transition Economies; A Comparison with Market Economies
    IMF Working Papers, International Monetary Fund Downloads View citations (11)
  5. Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination
    MPRA Paper, University Library of Munich, Germany Downloads View citations (56)
    See also Journal Article in Journal of Development Economics (1995)
  6. Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (102)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1995) View citations (84)

    See also Chapter (1995)

1994

  1. Inflation stabilization in chronic inflation countries: The empirical evidence
    MPRA Paper, University Library of Munich, Germany Downloads View citations (16)
  2. Intertemporal consumption substitution and inflation stabilization:An empirical investigation
    MPRA Paper, University Library of Munich, Germany Downloads View citations (19)
  3. 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 Downloads View citations (7)
    See also Journal Article in ENSAYOS SOBRE POLÍTICA ECONÓMICA (1994)
  4. Targeting the Real Exchange Rate; Theory and Evidence
    IMF Working Papers, International Monetary Fund Downloads View citations (17)
    Also in MPRA Paper, University Library of Munich, Germany (1994) Downloads View citations (1)
    MPRA Paper, University Library of Munich, Germany (1994) Downloads View citations (14)

    See also Journal Article in Journal of Development Economics (1995)

1993

  1. Stabilization Dynamics and Backward-Looking Contracts
    IMF Working Papers, International Monetary Fund Downloads View citations (4)
    See also Journal Article in Journal of Development Economics (1994)

1992

  1. Currency Substitution in Developing Countries: An Introduction
    MPRA Paper, University Library of Munich, Germany Downloads View citations (81)
    Also in IMF Working Papers, International Monetary Fund (1992) Downloads View citations (75)

1991

  1. Exchange rate stabilization under imperfect credibility
    MPRA Paper, University Library of Munich, Germany Downloads View citations (7)
  2. Exchange-Rate-Based Stabilization under Imperfect Credibility
    IMF Working Papers, International Monetary Fund Downloads View citations (20)
  3. Stopping High Inflation: An Analytical Overview
    MPRA Paper, University Library of Munich, Germany Downloads
    Also in IMF Working Papers, International Monetary Fund (1991) Downloads View citations (13)

1990

  1. Credibility and the Dynamics of Stabilization Policy; A Basic Framework
    IMF Working Papers, International Monetary Fund Downloads View citations (16)
  2. Interest Rate Targeting in a Small Open Economy; The Predetermined Exchange Rates Case
    IMF Working Papers, International Monetary Fund Downloads View citations (5)
  3. Money Supply and Interest Rate Policy in a New-Keynesian Framework
    IMF Working Papers, International Monetary Fund Downloads 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 Downloads View citations (1)
    See also Working Paper (2007)
  2. Output Costs, Currency Crises and Interest Rate Defence of a Peg
    Economic Journal, 2007, 117, (516), 216-239 Downloads View citations (10)
    See also Working Paper (2005)
  3. Segmented asset markets and optimal exchange rate regimes
    Journal of International Economics, 2007, 72, (1), 1-21 Downloads View citations (20)
    See also Working Paper (2007)

2005

  1. Tax base variability and procyclical fiscal policy in developing countries
    Journal of Development Economics, 2005, 78, (1), 156-190 Downloads View citations (146)

2003

  1. Delaying the Inevitable: Interest Rate Defense and Balance of Payments Crises
    Journal of Political Economy, 2003, 111, (2), 404-424 Downloads View citations (40)
  2. The Unholy Trinity of Financial Contagion
    Journal of Economic Perspectives, 2003, 17, (4), 51-74 Downloads View citations (141)
    See also Working Paper (2003)

2002

  1. Modern Hyper- and High Inflations
    Journal of Economic Literature, 2002, 40, (3), 837-880 Downloads View citations (59)
    See also Working Paper (2002)
  2. 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 Downloads View citations (10)
    See also Working Paper (1998)

1999

  1. Losing Credibility: The Stabilization Blues
    International Economic Review, 1999, 40, (1), 23-51 View citations (7)
    See also Working Paper (1997)

1998

  1. Inflation Stabilisation and the Consumption of Durable Goods
    Economic Journal, 1998, 108, (446), 105-31 Downloads View citations (16)
    See also Working Paper (1998)

1997

  1. Banks and macroeconomic disturbances under predetermined exchange rates
    Journal of Monetary Economics, 1997, 40, (2), 239-278 Downloads View citations (96)
    See also Working Paper (1997)
  2. 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) Downloads View citations (115)

    See also Working Paper (1996)

1996

  1. Disinflation and Interest-Bearing Money
    Economic Journal, 1996, 106, (439), 1546-63 Downloads View citations (1)
  2. Economies in Transition: The Beginnings of Growth
    American Economic Review, 1996, 86, (2), 229-33 Downloads View citations (34)

1995

  1. 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 Downloads View citations (19)
  2. Inflationary finance and currency substitution in a public finance framework
    Journal of International Money and Finance, 1995, 14, (5), 679-693 Downloads View citations (4)
  3. Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination
    Journal of Development Economics, 1995, 46, (2), 357-378 Downloads View citations (71)
    See also Working Paper (1995)
  4. Targeting the real exchange rate: theory and evidence
    Journal of Development Economics, 1995, 47, (1), 97-133 Downloads View citations (88)
    See also Working Paper (1994)

1994

  1. Currency substitution and the optimal inflation tax (economics letters 42, no. 1, 1993, pp. 65-70)
    Economics Letters, 1994, 44, (3), 345-345 Downloads
  2. INFLATION STABILIZATION AND NOMINAL ANCHORS
    Contemporary Economic Policy, 1994, 12, (2), 35-45 Downloads View citations (39)
  3. LA TASA DE CAMBIO REAL COMO META DE POLÍTICA TEORÍA Y EVIDENCIA
    ENSAYOS SOBRE POLÍTICA ECONÓMICA, 1994 Downloads View citations (6)
    See also Working Paper (1994)
  4. Stabilization dynamics and backward-looking contracts
    Journal of Development Economics, 1994, 43, (1), 59-84 Downloads View citations (36)
    See also Working Paper (1993)

1993

  1. Currency substitution and the optimal inflation tax
    Economics Letters, 1993, 42, (1), 65-70 Downloads View citations (2)
  2. The optimal inflation tax when money reduces transactions costs: A reconsideration
    Journal of Monetary Economics, 1993, 31, (2), 189-205 Downloads View citations (32)

1992

  1. Macroeconomic interdependence under capital controls: A two-country model of dual exchange rates
    Journal of International Economics, 1992, 32, (3-4), 353-367 Downloads View citations (12)

1989

  1. The optimal inflation tax in the presence of currency substitution
    Journal of Monetary Economics, 1989, 24, (1), 139-146 Downloads View citations (19)

Edited books

2008

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

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 Downloads View citations (189)
    See also Working Paper (2004)

2002

  1. Living with the Fear of Floating: An Optimal Policy Perspective
    A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 663-704 Downloads
    See also Working Paper (2001)
  2. 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 Downloads View citations (1)
    See also Working Paper (2001)

1999

  1. Inflation stabilization and bop crises in developing countries
    Chapter 24 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1531-1614 Downloads View citations (108)
    See also Working Paper (1999)

1995

  1. 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 Downloads View citations (74)
    See also Working Paper (1995)
 
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