Details about Roberto Chang

Homepage:	https://sites.rutgers.edu/roberto-chang/
Phone:	(848) 932 7269
Postal address:	Department of Economics Rutgers University 75 Hamilton Street New Brunswick, NJ 08901 USA
Workplace:	Department of Economics, Rutgers University-New Brunswick, (more information at EDIRC)

Access statistics for papers by Roberto Chang.

Last updated 2023-10-09. Update your information in the RePEc Author Service.

Short-id: pch80

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Jump to Journal Articles Chapters

Working Papers

2022

1. Should Central Banks Have an Inequality Objective?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2021

2. Pandemics, Incentives, and Economic Policy: A Dynamic Model
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (1)

2020

3. Economic Policy Incentives to Preserve Lives and Livelihoods
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (39)
4. Optimal Foreign Reserves and Central Bank Policy Under Financial Stress
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   Also in Working Papers, University of Chile, Department of Economics (2020) View citations (3)
5. The Macroeconomics of a Pandemic: A Minimalist Framework
   Working Papers, University of Chile, Department of Economics View citations (1)
   See also Journal Article in Journal of International Money and Finance (2022)
6. The Macroeconomics of a Pandemic: A Minimalist Model
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (13)

2018

7. Foreign Exchange Intervention Redux
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
   See also Chapter (2019)

2017

8. Financial and real shocks and the effectiveness of monetary and macroprudential policies in Latin American countries
   BIS Working Papers, Bank for International Settlements View citations (8)

2016

9. Bond Finance, Bank Credit, and Aggregate Fluctuations in an Open Economy
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
   Also in IDB Publications (Working Papers), Inter-American Development Bank (2016) View citations (2)
   Bank of Finland Research Discussion Papers, Bank of Finland (2016)
   See also Journal Article in Journal of Monetary Economics (2017)
10. Financial Frictions and Unconventional Monetary Policy in Emerging Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article in IMF Economic Review (2017)

2015

11. Privatization and Nationalization Cycles
    Working Papers, Peruvian Economic Association View citations (2)
    Also in Policy Research Working Paper Series, The World Bank (2009) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (12)
    See also Journal Article in Macroeconomic Dynamics (2018)

2013

12. Is Inflation Targeting Still on Target? The Recent Experience of Latin America
    Research Department Publications, Inter-American Development Bank, Research Department View citations (1)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2013)
    See also Journal Article in International Finance (2014)
13. Monetary Policy Under Commodity Price Fluctuations
    Papers and Proceedings, Fondo Latino Americano de Reservas - FLAR
    See also Journal Article in Review of Development Economics (2015)
14. World Food Prices, the Terms of Trade-Real Exchange Rate Nexus, and Monetary Policy
    IMF Working Papers, International Monetary Fund View citations (2)

2012

15. Financial Intermediation, Exchange Rates, and Unconventional Policy in an Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
16. Is Inflation Targeting Still On Target?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
17. Monetary Rules for Commodity Traders
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article in IMF Economic Review (2013)

2010

18. Heterodox Central Banking
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
    See also Chapter (2011)
19. Monetary Policy Under Financial Turbulence: an Overview
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (7)
    See also Chapter (2011)
20. On the Sources of Aggregate Fluctuations in Emerging Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    See also Journal Article in International Economic Review (2013)
21. World Food Prices and Monetary Policy
    IMF Working Papers, International Monetary Fund View citations (33)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (23)
    See also Journal Article in Journal of Monetary Economics (2015)

2008

22. Inflation Targeting, Reserves Accumulation, and Exchange Rate Management in Latin America
    Borradores de Economia, Banco de la Republica de Colombia View citations (29)
    Also in Borradores de Economia, Banco de la Republica (2008) View citations (18)

2006

23. Electoral Uncertainty and the Volatility of International Capital Flows
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
24. Openness Can be Good for Growth: The Role of Policy Complementarities
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (2)
    Also in DEGIT Conference Papers, DEGIT, Dynamics, Economic Growth, and International Trade (2005) View citations (67)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (82)
    Policy Research Working Paper Series, The World Bank (2005) View citations (73)
    See also Journal Article in Journal of Development Economics (2009)

2005

25. Financial Crises and Political Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Departmental Working Papers, Rutgers University, Department of Economics (2002) View citations (10)
    See also Journal Article in Journal of Monetary Economics (2007)

2004

26. BALANCE SHEET EFFECTS AND THE COUNTRY RISK PREMIUM: AN EMPIRICAL INVESTIGATION
    International Finance, University Library of Munich, Germany View citations (23)
    Also in Working Papers, Banco de España (2003) View citations (5)
    See also Journal Article in Review of World Economics (Weltwirtschaftliches Archiv) (2004)
27. Monetary Policy and the Currency Denomination of Debt: A Tale of Two Equilibria
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2004) View citations (12)
    CID Working Papers, Center for International Development at Harvard University (2004) View citations (12)

2003

28. Must Original Sin Cause Macroeconomic Damnation?
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)

2002

29. Dollarization: Analytical Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
30. IS-LM-BP in the Pampas
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)

2001

31. The 1997-98 Liquidity Crisis: Asia Versus Latin America
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (4)
    See also Chapter (2002)

2000

32. Balance Sheets and Exchange Rate Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (280)
    See also Journal Article in American Economic Review (2004)
33. International contagion - implications for policy
    Policy Research Working Paper Series, The World Bank View citations (2)

1999

34. Liquidity Crises in Emerging Markets: Theory and Policy
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (179)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1999) View citations (138)
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (192)
    See also Chapter (2000)

1998

35. Financial Crises in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (232)
36. Financial Crises in Emerging Markets: A Canonical Model
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (167)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1998) View citations (141)
37. Financial Fragility and the Exchange Rate Regime
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (83)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1997) View citations (9)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (110)
    See also Journal Article in Journal of Economic Theory (2000)
38. The Asian Liquidity Crisis
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (119)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (118)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (1998) View citations (80)

1996

39. Credible monetary policy with long-lived agents: recursive approaches
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (6)

1995

40. Political party negotiations, income distribution, and endogenous growth
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (5)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1992) View citations (1)
    See also Journal Article in Journal of Monetary Economics (1998)

1994

41. Bargaining a monetary union
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1991)
    See also Journal Article in Journal of Economic Theory (1995)
42. Commitment, coordination failures, and delayed reforms
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)
    See also Journal Article in Journal of Monetary Economics (2001)

1993

43. Financial integration with and without international policy coordination
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (1)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1989) View citations (3)
    Working Papers, C.V. Starr Center for Applied Economics, New York University (1991)
    See also Journal Article in International Economic Review (1997)
44. Private investment and sovereign debt negotiations
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (3)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1991) View citations (2)
    See also Journal Article in International Economic Review (1995)

1991

45. On the Transition to a Monetary Union
    Working Papers, C.V. Starr Center for Applied Economics, New York University

1990

46. ON THE TRANSITION TO A CURRENCY UNION
    Working Papers, C.V. Starr Center for Applied Economics, New York University

1989

47. ENDOGENOUS CURRENCY SUBSTITUTION, INFLATIONARY FINANCE, AND WELFARE
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in Journal of Money, Credit and Banking (1994)
48. MONOPOLISTIC COMPETITION, OVERLAPPING GENERATIONS, AND THE ROLE OF MONETARY POLICY
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in Finnish Economic Papers (1991)

1988

49. DOES INTERNATIONAL COORDINATION OF FISCAL DEFICITS MATTER?
    Working Papers, C.V. Starr Center for Applied Economics, New York University

Journal Articles

2022

1. The macroeconomics of a pandemic: A minimalist framework*
   Journal of International Money and Finance, 2022, 127, (C)
   See also Working Paper (2020)

2018

2. PRIVATIZATION AND NATIONALIZATION CYCLES
   Macroeconomic Dynamics, 2018, 22, (2), 331-361 View citations (4)
   See also Working Paper (2015)

2017

3. Bond finance, bank credit, and aggregate fluctuations in an open economy
   Journal of Monetary Economics, 2017, 85, (C), 90-109 View citations (26)
   See also Working Paper (2016)
4. Financial Frictions and Unconventional Monetary Policy in Emerging Economies
   IMF Economic Review, 2017, 65, (1), 154-191 View citations (7)
   See also Working Paper (2016)
5. Financial intermediation, real exchange rates, and unconventional policies in an open economy
   Journal of International Economics, 2017, 108, (S1), S76-S86 View citations (15)
   See also Chapter (2016)

2015

6. Monetary Policy Under Commodity Price Fluctuations
   Review of Development Economics, 2015, 19, (2), 282-296
   See also Working Paper (2013)
7. World food prices and monetary policy
   Journal of Monetary Economics, 2015, 75, (C), 69-88 View citations (24)
   See also Working Paper (2010)

2014

8. Is Inflation Targeting Still on Target? The Recent Experience of Latin America
   International Finance, 2014, 17, (2), 185-208 View citations (14)
   See also Working Paper (2013)

2013

9. Monetary Rules for Commodity Traders
   IMF Economic Review, 2013, 61, (1), 52-91 View citations (29)
   See also Working Paper (2012)
10. ON THE SOURCES OF AGGREGATE FLUCTUATIONS IN EMERGING ECONOMIES
    International Economic Review, 2013, 54, (4), 1265-1293 View citations (22)
    See also Working Paper (2010)

2010

11. Elections, Capital Flows, and Politico-economic Equilibria
    American Economic Review, 2010, 100, (4), 1759-77 View citations (13)

2009

12. Openness can be good for growth: The role of policy complementarities
    Journal of Development Economics, 2009, 90, (1), 33-49 View citations (260)
    See also Working Paper (2006)

2008

13. Jerome L. Stein, Stochastic Optimal Control, International Finance, and Debt Crises, Oxford University Press (2006)
    Journal of International Economics, 2008, 75, (1), 245-247

2007

14. Financial crises and political crises
    Journal of Monetary Economics, 2007, 54, (8), 2409-2420 View citations (30)
    See also Working Paper (2005)

2006

15. Currency mismatches and monetary policy: A tale of two equilibria
    Journal of International Economics, 2006, 69, (1), 150-175 View citations (32)

2004

16. Balance Sheets and Exchange Rate Policy
    American Economic Review, 2004, 94, (4), 1183-1193 View citations (403)
    See also Working Paper (2000)
17. Balance sheet effects and the country risk premium: An empirical investigation
    Review of World Economics (Weltwirtschaftliches Archiv), 2004, 140, (4), 592-612 View citations (21)
    See also Working Paper (2004)

2002

18. Fiscal Aspects of European Monetary Integration: Andrew Hughes Hallett, Michael Hutchinson, and Svend E. Hougaard Jensen (Eds.), Cambridge University Press, Cambridge, UK, 1999
    Journal of International Economics, 2002, 57, (1), 261-266
19. Fundamentals, beliefs, and financial contagion
    European Economic Review, 2002, 46, (4-5), 801-808 View citations (12)

2001

20. A Model of Financial Crises in Emerging Markets
    The Quarterly Journal of Economics, 2001, 116, (2), 489-517 View citations (257)
21. Commitment, coordination failures, and delayed reforms
    Journal of Monetary Economics, 2001, 47, (1), 123-144 View citations (9)
    See also Working Paper (1994)
22. Dolarización: una tarjeta de resultados
    Boletín, 2001, XLVII, (1), 12-22
23. Monetary policy in a dollarized economy where balance sheets matter
    Journal of Development Economics, 2001, 66, (2), 445-464 View citations (20)

2000

24. Banks, debt maturity and financial crises
    Journal of International Economics, 2000, 51, (1), 169-194 View citations (87)
25. Dollarization: a scorecard
    Economic Review, 2000, 85, (Q3), 1-12 View citations (13)
26. Exchange-Rate Policy for Developing Countries
    American Economic Review, 2000, 90, (2), 71-75 View citations (81)
27. Financial Fragility and the Exchange Rate Regime
    Journal of Economic Theory, 2000, 92, (1), 1-34 View citations (164)
    See also Working Paper (1998)

1999

28. Comment on Private Money
    Journal of Money, Credit and Banking, 1999, 31, (3), 492-98 View citations (1)
29. Understanding recent crises in emerging markets
    Economic Review, 1999, 84, (Q2), 6-16 View citations (14)

1998

30. Credible Monetary Policy in an Infinite Horizon Model: Recursive Approaches
    Journal of Economic Theory, 1998, 81, (2), 431-461 View citations (70)
31. Policy credibility and the design of central banks
    Economic Review, 1998, 83, (Q 1), 4-15 View citations (4)
32. Political party negotiations, income distribution, and endogenous growth
    Journal of Monetary Economics, 1998, 41, (2), 227-255 View citations (14)
    See also Working Paper (1995)

1997

33. Financial Integration with and without International Policy Coordination
    International Economic Review, 1997, 38, (3), 547-64 View citations (10)
    See also Working Paper (1993)
34. Is low unemployment inflationary?
    Economic Review, 1997, 86, (Q I), 4-13 View citations (10)

1995

35. Bargaining a Monetary Union
    Journal of Economic Theory, 1995, 66, (1), 89-112 View citations (5)
    See also Working Paper (1994)
36. Is a weak dollar inflationary?
    Economic Review, 1995, 80, (Sep), 1-14
37. Private Investment and Sovereign Debt Negotiations
    International Economic Review, 1995, 36, (2), 387-405 View citations (7)
    See also Working Paper (1993)

1994

38. Endogenous Currency Substitution, Inflationary Finance, and Welfare
    Journal of Money, Credit and Banking, 1994, 26, (4), 903-16 View citations (31)
    See also Working Paper (1989)
39. Income inequality and economic growth: evidence and recent theories
    Economic Review, 1994, 79, (Jul), 1-10 View citations (2)

1991

40. Monopolistic competition, overlapping generations, and the role of monetary policy
    Finnish Economic Papers, 1991, 4, (1), 24-32
    See also Working Paper (1989)

1990

41. International coordination of fiscal deficits
    Journal of Monetary Economics, 1990, 25, (3), 347-366 View citations (22)

Chapters

2020

1. Macroeconomic policy responses to a pandemic
   Chapter 1 in COVID-19 in Developing Economies, 2020, vol. 1, pp 175-186 View citations (4)

2019

2. Foreign Exchange Intervention Redux
   Chapter 07 in Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications, 2019, vol. 26, pp 205-247 View citations (9)
   See also Working Paper (2018)

2016

3. Financial Intermediation, Real Exchange Rates, and Unconventional Policies in an Open Economy
   A chapter in NBER International Seminar on Macroeconomics 2016, 2016
   See also Journal Article in Journal of International Economics (2017)

2015

4. Commodity Price Fluctuations and Monetary Policy in Small Open Economies
   Chapter 02 in Commodity Prices and Macroeconomic Policy, 2015, vol. 22, pp 019-050 View citations (1)
5. Commodity Prices and Macroeconomic Policy: An Overview
   Chapter 01 in Commodity Prices and Macroeconomic Policy, 2015, vol. 22, pp 001-018 View citations (5)

2011

6. Heterodox Central Banking
   Chapter 08 in Monetary Policy under Financial Turbulence, 2011, vol. 16, pp 219-281 View citations (4)
   See also Working Paper (2010)
7. Monetary Policy under Financial Turbulence: An Overview
   Chapter 01 in Monetary Policy under Financial Turbulence, 2011, vol. 16, pp 001-021 View citations (22)
   See also Working Paper (2010)

2002

8. Dollarization of Liabilities, Net Worth Effects, and Optimal Monetary Policy
   A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 559-600 View citations (15)
9. The 1997-98 Liquidity Crisis: Asia versus Latin America
   Chapter 13 in Banking, Financial Integration, and International Crises, 2002, vol. 3, pp 413-452 View citations (1)
   See also Working Paper (2001)

2000

10. Liquidity Crises in Emerging Markets: Theory and Policy
    A chapter in NBER Macroeconomics Annual 1999, Volume 14, 2000, pp 11-78 View citations (43)
    See also Working Paper (1999)