Details about Harold Linh Cole

Homepage:	https://economics.sas.upenn.edu/people/harold-l-cole
Postal address:	Prof. Harold L. Cole University of Pennsylvania Department of Economics, Perelman Center for Political Science and Economics, 133 South 36th Street, Philadelphia, PA 19104
Workplace:	Department of Economics, University of Pennsylvania, (more information at EDIRC)

Access statistics for papers by Harold Linh Cole.

Last updated 2024-01-04. Update your information in the RePEc Author Service.

Short-id: pco70

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Working Papers

2025

1. How to Sell Public Debt in Uncertain Times
   NBER Working Papers, National Bureau of Economic Research, Inc
2. What about Japan?
   Working Papers, Federal Reserve Bank of St. Louis
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023)

2023

3. Asset Pricing in a Low Rate Environment
   Swiss Finance Institute Research Paper Series, Swiss Finance Institute
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023)
4. Information Acquisition and Rating Agencies
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Information Acquisition and Rating Agencies, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) (2023)
5. Rating Agencies
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (5)
   Working Papers, Economic Research Institute, Bank of Korea (2013)
   2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (3)
6. Trust in risk sharing: A double-edged sword
   CFS Working Paper Series, Center for Financial Studies (CFS)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020)

2022

7. Information Spillovers and Sovereign Debt: Theory Meets the Eurozone Crisis
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (3)

2021

8. Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data, Journal of Political Economy, University of Chicago Press (2022) View citations (8) (2022)
9. Self-Fulfilling Debt Crises, Revisited
   Working Papers, Princeton University. Economics Department. View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (13)
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2020)
   Working Papers, Federal Reserve Bank of Philadelphia (2020) View citations (9)
   See also Journal Article Self-Fulfilling Debt Crises, Revisited, Journal of Political Economy, University of Chicago Press (2022) View citations (3) (2022)
10. Social Capital: A Double-Edged Sword
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany

2020

11. Information Spillovers in Sovereign Debt Markets
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (6)

2018

12. A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in 2017 Meeting Papers, Society for Economic Dynamics (2017)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2017)

2017

13. Self-Fulfilling Debt Crises, Revisited: The Art of the Desperate Deal
    Working Papers, Federal Reserve Bank of Philadelphia View citations (10)

2016

14. Fragile Financial Coalitions: the interaction between real returns and social capital
    2016 Meeting Papers, Society for Economic Dynamics
15. Quantitative Models of Sovereign Debt Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (106)
    See also Chapter Quantitative Models of Sovereign Debt Crises, Handbook of Macroeconomics, Elsevier (2016) View citations (94) (2016)
16. Self-Fulfilling Sovereign Debt Crises
    2016 Meeting Papers, Society for Economic Dynamics
17. Why Doesn't Technology Flow from Rich to Poor Countries?
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (36)
    Also in Economie d'Avant Garde Research Reports, Economie d'Avant Garde (2014) View citations (23)
    2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (5)
    Working Papers, Federal Reserve Bank of St. Louis (2012) View citations (5)
    See also Journal Article Why Doesn't Technology Flow From Rich to Poor Countries?, Econometrica, Econometric Society (2016) View citations (19) (2016)

2014

18. Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Costs
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (9)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2012) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (3)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2012) View citations (3)
19. Debt Crises: For Whom the Bell Tolls
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)
20. Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Papers, Federal Reserve Bank of St. Louis (2014)

2013

21. Impact of Portfolio Behavior on the Macroeconomy
    Annual Meeting Plenary, Society for Economic Dynamics
22. The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
23. Who Bears Long-Run Inflation Risk? Implications for Bond Risk Premia
    2013 Meeting Papers, Society for Economic Dynamics

2012

24. Analyzing the Effects of Insuring Away Health Risks
    2012 Meeting Papers, Society for Economic Dynamics View citations (1)
25. Analyzing the Effects of Insuring Health Risks: On the Trade-off between Short Run Insurance Benefits vs. Long Run Incentive Co
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

2011

26. Recursive Contracts, Lotteries and Weakly Concave Pareto Sets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2010) View citations (9)
    2011 Meeting Papers, Society for Economic Dynamics (2011)
    See also Journal Article Recursive Contracts, Lotteries and Weakly Concave Pareto Sets, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2012) View citations (19) (2012)

2010

27. Efficient Allocations with Hidden Income and Hidden Storage
    Levine's Working Paper Archive, David K. Levine View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1999) View citations (31)
    See also Journal Article Efficient Allocations with Hidden Income and Hidden Storage, The Review of Economic Studies, Review of Economic Studies Ltd (2001) View citations (155) (2001)

2009

28. Is the Volatility of the Market Price of Risk due to Intermittent Portfolio Re-balancing?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Is the Volatility of the Market Price of Risk Due to Intermittent Portfolio Rebalancing?, American Economic Review, American Economic Association (2012) View citations (61) (2012)

2008

29. Self-Enforcing Stochastic Monitoring and the Separation of Debt and Equity Claims
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2008)

2007

30. A Dynamic Theory of Optimal Capital Structure
    2007 Meeting Papers, Society for Economic Dynamics
31. A Multiplier Approach to Understanding the Macro Implications of Household Finance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article A Multiplier Approach to Understanding the Macro Implications of Household Finance, The Review of Economic Studies, Review of Economic Studies Ltd (2011) View citations (79) (2011)
32. Macro Implications of Household Finance
    2007 Meeting Papers, Society for Economic Dynamics View citations (11)

2005

33. A Dynamic Theory of Optimal Capital Structure and Executive Compensation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004)
34. Deflation and the International Great Depression: A Productivity Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (29)
35. Stochasitc Monitoring, Optimal Capital Structure and Executive Compensation
    2005 Meeting Papers, Society for Economic Dynamics

2004

36. Deflation, Real Wages, and the International Great Depression: A Productivity Puzzle
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (9)
37. Latin America in the Rearview Mirror
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations (24)
    See also Journal Article Latin America in the rearview mirror, Quarterly Review, Federal Reserve Bank of Minneapolis (2006) View citations (23) (2006)

2002

38. Data Appendix to The Great U.K. Depression: A Puzzle and Possible Resolution
    Online Appendices, Review of Economic Dynamics View citations (5)
    See also Journal Article The Great U.K. Depression: A Puzzle and Possible Resolution, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (46) (2002)

2001

39. Finite memory and imperfect monitoring
    Staff Report, Federal Reserve Bank of Minneapolis View citations (9)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2000) View citations (3)
    See also Journal Article Finite memory and imperfect monitoring, Games and Economic Behavior, Elsevier (2005) View citations (34) (2005)
40. New Deal policies and the persistence of the Great Depression: a general equilibrium analysis
    Working Papers, Federal Reserve Bank of Minneapolis View citations (43)
    See also Journal Article New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis, Journal of Political Economy, University of Chicago Press (2004) View citations (334) (2004)
41. The great U.K. depression: a puzzle and possible resolution
    Staff Report, Federal Reserve Bank of Minneapolis View citations (11)
    See also Journal Article The Great U.K. Depression: A Puzzle and Possible Resolution, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2002) View citations (46) (2002)

2000

42. Efficient Non-Contractible Investments in Large Economies
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (2)
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (1)
    Penn CARESS Working Papers, Penn Economics Department
    See also Journal Article Efficient Non-Contractible Investments in Large Economies, Journal of Economic Theory, Elsevier (2001) View citations (64) (2001)
43. Efficient Non-Contractible Investments in a Finite Economy
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences
    Also in Penn CARESS Working Papers, Penn Economics Department View citations (1)
44. Investment and Concern for Relative Position
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (3)
    Also in Penn CARESS Working Papers, Penn Economics Department
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (2)
45. Re-examining the contributions of money and banking shocks to the U.S. Great Depression
    Staff Report, Federal Reserve Bank of Minneapolis View citations (38)
    See also Chapter Re-Examining the Contributions of Money and Banking Shocks to the US Great Depression, NBER Chapters, National Bureau of Economic Research, Inc (2001) View citations (11) (2001)

1998

46. Dynamic games with hidden actions and hidden states
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1997)
    See also Journal Article Dynamic Games with Hidden Actions and Hidden States, Journal of Economic Theory, Elsevier (2001) View citations (23) (2001)
47. Efficient non-contractible investments
    Staff Report, Federal Reserve Bank of Minneapolis View citations (15)
    Also in Penn CARESS Working Papers, Penn Economics Department View citations (6)
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (10)
48. Self-Fulfilling Debt Crises
    Levine's Working Paper Archive, David K. Levine View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) View citations (245)
    See also Journal Article Self-Fulfilling Debt Crises, The Review of Economic Studies, Review of Economic Studies Ltd (2000) View citations (508) (2000)
49. The demand for money and the nonneutrality of money
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)

1997

50. A microfoundation for incomplete security markets
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
51. Models of sovereign debt: partial vs. general reputations
    Working Papers, Federal Reserve Bank of Minneapolis View citations (3)
52. Shrinking money and monetary business cycles
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
53. Valuation equilibrium with Clubs
    Levine's Working Paper Archive, David K. Levine View citations (58)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (10)
    See also Journal Article Valuation Equilibrium with Clubs, Journal of Economic Theory, Elsevier (1997) View citations (55) (1997)

1996

54. A self-fulfilling model of Mexico's 1994-95 debt crisis
    Staff Report, Federal Reserve Bank of Minneapolis View citations (76)
55. Can the Mortonson-Pissarides matching model match the business cycle facts?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (10)
    See also Journal Article Can the Mortensen-Pissarides Matching Model Match the Business-Cycle Facts?, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1999) View citations (217) (1999)
56. Class systems and the enforcement of social norms
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (3)
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences
    Penn CARESS Working Papers, Penn Economics Department
    See also Journal Article Class systems and the enforcement of social norms, Journal of Public Economics, Elsevier (1998) View citations (38) (1998)
57. Reassessing aggregate returns to scale with standard theory and measurement
    Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
58. Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
59. Reputation spillover across relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (24)

1994

60. Default, settlement, and signalling: lending resumption in a reputational model of sovereign debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (21)
    See also Journal Article Default, Settlement, and Signalling: Lending Resumption in a Reputational Model of Sovereign Debt, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1995) View citations (116) (1995)
61. The role of institutions in reputation models of sovereign debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
    See also Journal Article The role of institutions in reputation models of sovereign debt, Journal of Monetary Economics, Elsevier (1995) View citations (58) (1995)

1993

62. A contribution to the theory of pork barrel spending
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)
63. Why are representative democracies fiscally irresponsible?
    Staff Report, Federal Reserve Bank of Minneapolis View citations (13)

1991

64. Reputation with multiple relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)

1989

65. Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (213)
    See also Journal Article Commodity trade and international risk sharing: How much do financial markets matter?, Journal of Monetary Economics, Elsevier (1991) View citations (764) (1991)

1988

66. SPECIALIZATION, TRANSACTIONS TECHNOLOGIES, AND MONEY GROWTH
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988)
    See also Journal Article Specialization, Transactions Technologies, and Money Growth, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1992) View citations (22) (1992)

Undated

67. Incorporating Concern for Relative Wealth into Economic Models'
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (75)
    See also Journal Article Incorporating concern for relative wealth into economic models, Quarterly Review, Federal Reserve Bank of Minneapolis (1995) View citations (42) (1995)

Journal Articles

2023

1. Information Acquisition and Rating Agencies
   Review of Economic Dynamics, 2023, 50, 28-42
   See also Working Paper Information Acquisition and Rating Agencies, NBER Working Papers (2023) (2023)

2022

2. Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data
   Journal of Political Economy, 2022, 130, (8), 2055 - 2109 View citations (8)
   See also Working Paper Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data, NBER Working Papers (2021) (2021)
3. Self-Fulfilling Debt Crises, Revisited
   Journal of Political Economy, 2022, 130, (5), 1147 - 1183 View citations (3)
   See also Working Paper Self-Fulfilling Debt Crises, Revisited, Working Papers (2021) View citations (3) (2021)
4. Sovereign Debt Auctions in Turbulent Times
   AEA Papers and Proceedings, 2022, 112, 526-30

2019

5. Analysing the Effects of Insuring Health Risks: On the Trade-off between Short-Run Insurance Benefits versus Long-Run Incentive Costs
   The Review of Economic Studies, 2019, 86, (3), 1123-1169 View citations (13)
6. Discussion: Practical policy evaluation
   Journal of Monetary Economics, 2019, 102, (C), 46-52

2016

7. Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy
   Review of Economic Dynamics, 2016, 20, 215-239 View citations (10)
   See also Software Item Code files for "Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy", Computer Codes (2015) (2015)
8. Why Doesn't Technology Flow From Rich to Poor Countries?
   Econometrica, 2016, 84, (4), 1477-1521 View citations (19)
   Also in Econometrica, 2016, 84, 1477-1521 (2016) View citations (36)
   See also Working Paper Why Doesn't Technology Flow from Rich to Poor Countries?, RCER Working Papers (2016) View citations (36) (2016)

2013

9. KLEIN MEMORIAL
   International Economic Review, 2013, 54, (4), iii-iii
10. Self-enforcing stochastic monitoring and the separation of claims
    Journal of Monetary Economics, 2013, 60, (6), 632-649 View citations (3)

2012

11. Is the Volatility of the Market Price of Risk Due to Intermittent Portfolio Rebalancing?
    American Economic Review, 2012, 102, (6), 2859-96 View citations (61)
    See also Working Paper Is the Volatility of the Market Price of Risk due to Intermittent Portfolio Re-balancing?, NBER Working Papers (2009) View citations (5) (2009)
12. Recursive Contracts, Lotteries and Weakly Concave Pareto Sets
    Review of Economic Dynamics, 2012, 15, (4), 479-500 View citations (19)
    See also Working Paper Recursive Contracts, Lotteries and Weakly Concave Pareto Sets, NBER Working Papers (2011) View citations (7) (2011)

2011

13. A Multiplier Approach to Understanding the Macro Implications of Household Finance
    The Review of Economic Studies, 2011, 78, (1), 199-234 View citations (79)
    See also Working Paper A Multiplier Approach to Understanding the Macro Implications of Household Finance, NBER Working Papers (2007) View citations (12) (2007)
14. Discussion of Gertler and Karadi: A model of unconventional monetary policy
    Journal of Monetary Economics, 2011, 58, (1), 35-38 View citations (13)

2010

15. Comment on: "Bordo and Haubrich"
    Journal of Monetary Economics, 2010, 57, (1), 19-23

2006

16. Latin America in the rearview mirror
    Quarterly Review, 2006, 30, (Sep) View citations (23)
    Also in Journal of Monetary Economics, 2005, 52, (1), 69-107 (2005) View citations (61)
    See also Working Paper Latin America in the Rearview Mirror, NBER Working Papers (2004) View citations (22) (2004)

2005

17. Finite memory and imperfect monitoring
    Games and Economic Behavior, 2005, 53, (1), 59-72 View citations (34)
    See also Working Paper Finite memory and imperfect monitoring, Staff Report (2001) View citations (9) (2001)

2004

18. New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis
    Journal of Political Economy, 2004, 112, (4), 779-816 View citations (334)
    See also Working Paper New Deal policies and the persistence of the Great Depression: a general equilibrium analysis, Working Papers (2001) View citations (43) (2001)

2002

19. Shrinking money: the demand for money and the nonneutrality of money
    Journal of Monetary Economics, 2002, 49, (4), 653-686 View citations (11)
20. The Great U.K. Depression: A Puzzle and Possible Resolution
    Review of Economic Dynamics, 2002, 5, (1), 19-44 View citations (46)
    See also Working Paper The great U.K. depression: a puzzle and possible resolution, Staff Report (2001) View citations (11) (2001)
    Working Paper Data Appendix to The Great U.K. Depression: A Puzzle and Possible Resolution, Online Appendices (2002) View citations (5) (2002)
21. The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory
    American Economic Review, 2002, 92, (2), 28-32 View citations (32)

2001

22. Dynamic Games with Hidden Actions and Hidden States
    Journal of Economic Theory, 2001, 98, (1), 114-126 View citations (23)
    See also Working Paper Dynamic games with hidden actions and hidden states, Staff Report (1998) View citations (1) (1998)
23. Efficient Allocations with Hidden Income and Hidden Storage
    The Review of Economic Studies, 2001, 68, (3), 523-542 View citations (155)
    See also Working Paper Efficient Allocations with Hidden Income and Hidden Storage, Levine's Working Paper Archive (2010) View citations (10) (2010)
24. Efficient Non-Contractible Investments in Finite Economies
    The B.E. Journal of Theoretical Economics, 2001, 1, (1), 34 View citations (14)
25. Efficient Non-Contractible Investments in Large Economies
    Journal of Economic Theory, 2001, 101, (2), 333-373 View citations (64)
    See also Working Paper Efficient Non-Contractible Investments in Large Economies, CARESS Working Papres (2000) View citations (2) (2000)
26. original papers: Investment and concern for relative position
    Review of Economic Design, 2001, 6, (2), 241-261 View citations (15)

2000

27. Self-Fulfilling Debt Crises
    The Review of Economic Studies, 2000, 67, (1), 91-116 View citations (508)
    See also Working Paper Self-Fulfilling Debt Crises, Levine's Working Paper Archive (1998) View citations (10) (1998)

1999

28. Aggregate returns to scale: why measurement is imprecise
    Quarterly Review, 1999, 23, (Sum), 19-28 View citations (18)
29. Can the Mortensen-Pissarides Matching Model Match the Business-Cycle Facts?
    International Economic Review, 1999, 40, (4), 933-59 View citations (217)
    See also Working Paper Can the Mortonson-Pissarides matching model match the business cycle facts?, Staff Report (1996) View citations (10) (1996)
30. The Great Depression in the United States from a neoclassical perspective
    Quarterly Review, 1999, 23, (Win), 2-24 View citations (187)

1998

31. Class systems and the enforcement of social norms
    Journal of Public Economics, 1998, 70, (1), 5-35 View citations (38)
    See also Working Paper Class systems and the enforcement of social norms, Staff Report (1996) View citations (3) (1996)
32. Models of Sovereign Debt: Partial versus General Reputations
    International Economic Review, 1998, 39, (1), 55-70 View citations (147)
33. Zero nominal interest rates: why they're good and how to get them
    Quarterly Review, 1998, 22, (Spr), 2-10 View citations (38)

1997

34. Reviving reputation models of international debt
    Quarterly Review, 1997, 21, (Win), 21-30 View citations (47)
35. Valuation Equilibrium with Clubs
    Journal of Economic Theory, 1997, 74, (1), 19-39 View citations (55)
    See also Working Paper Valuation equilibrium with Clubs, Levine's Working Paper Archive (1997) View citations (58) (1997)

1996

36. A self-fulfilling model of Mexico's 1994-1995 debt crisis
    Journal of International Economics, 1996, 41, (3-4), 309-330 View citations (148)

1995

37. A few speculations on the role of financial intermediaries in transitional economies: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1995, 42, (1), 303-307
38. Aristocratic Equilibria: Response
    Journal of Political Economy, 1995, 103, (2), 439-43 View citations (4)
39. Default, Settlement, and Signalling: Lending Resumption in a Reputational Model of Sovereign Debt
    International Economic Review, 1995, 36, (2), 365-85 View citations (116)
    See also Working Paper Default, settlement, and signalling: lending resumption in a reputational model of sovereign debt, Staff Report (1994) View citations (21) (1994)
40. Incorporating concern for relative wealth into economic models
    Quarterly Review, 1995, 19, (Sum), 12-21 View citations (42)
    See also Working Paper Incorporating Concern for Relative Wealth into Economic Models', CARESS Working Papres View citations (75)
41. The role of institutions in reputation models of sovereign debt
    Journal of Monetary Economics, 1995, 35, (1), 45-64 View citations (58)
    See also Working Paper The role of institutions in reputation models of sovereign debt, Staff Report (1994) View citations (1) (1994)

1993

42. The macroeconomic effects of world trade in financial assets
    Quarterly Review, 1993, 17, (Sum), 12-21 View citations (18)

1992

43. Direct investment: a doubtful alternative to international debt
    Quarterly Review, 1992, 16, (Win), 12-22 View citations (2)
44. Social Norms, Savings Behavior, and Growth
    Journal of Political Economy, 1992, 100, (6), 1092-1125 View citations (439)
45. Specialization, Transactions Technologies, and Money Growth
    International Economic Review, 1992, 33, (2), 283-98 View citations (22)
    See also Working Paper SPECIALIZATION, TRANSACTIONS TECHNOLOGIES, AND MONEY GROWTH, RCER Working Papers (1988) (1988)
46. Two-sided expropriation and international equity contracts
    Journal of International Economics, 1992, 33, (1-2), 77-104 View citations (10)

1991

47. Commodity trade and international risk sharing: How much do financial markets matter?
    Journal of Monetary Economics, 1991, 28, (1), 3-24 View citations (764)
    See also Working Paper Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?, NBER Working Papers (1989) View citations (213) (1989)
48. Expropriation and direct investment
    Journal of International Economics, 1991, 30, (3-4), 201-227 View citations (59)

1989

49. General Competitive Analysis in an Economy with Private Information: Comment
    International Economic Review, 1989, 30, (1), 249-52 View citations (18)
50. Internationalization of financial markets and balance of payments imbalances: A Japanese perspective: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1989, 30, (1), 221-230

1988

51. Financial Structure and International Trade
    International Economic Review, 1988, 29, (2), 237-59 View citations (47)

Chapters

2016

1. Quantitative Models of Sovereign Debt Crises
   Elsevier View citations (94)
   See also Working Paper Quantitative Models of Sovereign Debt Crises, National Bureau of Economic Research, Inc (2016) View citations (106) (2016)

2001

2. Re-Examining the Contributions of Money and Banking Shocks to the US Great Depression
   A chapter in NBER Macroeconomics Annual 2000, Volume 15, 2001, pp 183-260 View citations (11)
   See also Working Paper Re-examining the contributions of money and banking shocks to the U.S. Great Depression, Federal Reserve Bank of Minneapolis (2000) View citations (38) (2000)

Software Items

2015

1. Code files for "Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies in an Endowment Economy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) View citations (10) (2016)

Editor

1. International Economic Review
   Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association
2. International Economic Review
   Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association