Details about Michael B. Devereux

E-mail:
Homepage:	https://sites.google.com/site/michaelbdevereux/
Workplace:	Vancouver School of Economics, University of British Columbia, (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Michael B. Devereux.

Last updated 2025-04-28. Update your information in the RePEc Author Service.

Short-id: pde32

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Working Papers

2025

1. A Model of Global Currency Pricing
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Tariffs and Retaliation: A Brief Macroeconomic Analysis
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

3. Trade Wars and the Optimal Design of Monetary Rules
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2023

4. Collateral Advantage: Exchange Rates, Capital Flows and Global Cycles
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
5. Production Networks and International Fiscal Spillovers
   Post-Print, HAL View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (7)
   Working Papers, HAL (2022)
   Working Papers, HAL (2019) View citations (1)
   See also Journal Article Production Networks And International Fiscal Spillovers, The Economic Journal, Royal Economic Society (2023) (2023)
6. Trade Wars, Nominal Rigidities and Monetary Policy
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

7. Consumption Heterogeneity and Monetary Policy in an Open Economy
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Consumption heterogeneity and monetary policy in an open economy, Journal of Monetary Economics, Elsevier (2023) (2023)
8. Foreign Reserves Management and Original Sin
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)

2021

9. Sudden Stops in Emerging Economies: The Role of World Interest Rates and Foreign Exchange Intervention
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas
10. Trade Wars Currency Wars
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Working Papers, Center for Research in Economics and Statistics (2021) View citations (2)
    Working Papers, HAL (2020)
    Post-Print, HAL (2020)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (2)
    Post-Print, HAL (2020)
11. Who Will Pay Amount A?
    EconPol Policy Brief, ifo Institute - Leibniz Institute for Economic Research at the University of Munich View citations (3)

2020

12. Pandemics Through the Lens of Occupations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Pandemics through the lens of occupations, Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons (2022) View citations (5) (2022)
13. Sudden Stops and Optimal Foreign Exchange Intervention
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article Sudden stops and optimal foreign exchange intervention, Journal of International Economics, Elsevier (2023) View citations (5) (2023)

2019

14. Capital Controls as Macro-prudential Policy in a Large Open Economy
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (2)
15. Endogenous Trade Protection and Exchange Rate Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
16. Trade Flows and Exchange Rates: Importers, Exporters and Products
    Staff Working Papers, Bank of Canada
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019)

2018

17. Commodity Currencies And Monetary Policy
    Working Paper, Economics Department, Queen's University View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (1)
18. Endogenous Trade Policy and the Exchange Rate Adjustment
    Post-Print, HAL
    Also in Post-Print, HAL (2018)
19. Exchange Rates, Local Currency Pricing and International Tax Policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Exchange rates, local currency pricing and international tax policies, Journal of Monetary Economics, Elsevier (2021) View citations (4) (2021)
20. Fiscal Policy in a Currency Union at the Zero Lower Bound
    ADBI Working Papers, Asian Development Bank Institute
    See also Journal Article Fiscal Policy in a Currency Union at the Zero Lower Bound, Journal of Money, Credit and Banking, Blackwell Publishing (2019) View citations (3) (2019)
21. International Financial Integration in a Changing Policy Context – the End of an Era?
    MPRA Paper, University Library of Munich, Germany

2017

22. Real Exchange Rates and Sectoral Productivity in the Eurozone
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (21)
    Discussion Papers, School of Economics and Finance, Massey University, New Zealand (2017) View citations (2)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2014) View citations (29)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (21)
    Working Papers, New Zealand Centre of Macroeconomics (2017) View citations (2)
    See also Journal Article Real Exchange Rates and Sectoral Productivity in the Eurozone, American Economic Review, American Economic Association (2018) View citations (57) (2018)

2016

23. A New Dilemma: Capital Controls and Monetary Policy in Sudden-Stop Economies
    Working Papers, Hong Kong Institute for Monetary Research
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (19)
24. Self-oriented monetary policy, global financial markets and excess volatility of international capital flows
    BIS Working Papers, Bank for International Settlements View citations (88)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (12)
    See also Journal Article Self-oriented monetary policy, global financial markets and excess volatility of international capital flows, Journal of International Money and Finance, Elsevier (2016) View citations (76) (2016)
25. Stimulating investment through incorporation
    Working Papers, Oxford University Centre for Business Taxation View citations (6)

2015

26. Exchange Rate Pass-Through, Currency of Invoicing and Market Share
    Staff Working Papers, Bank of Canada View citations (30)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (43)

2014

27. Exchange Rate Flexibility under the Zero Lower Bound
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (5)
    See also Journal Article Exchange rate flexibility under the zero lower bound, Journal of International Economics, Elsevier (2016) View citations (39) (2016)
28. Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
    Also in BIS Working Papers, Bank for International Settlements (2014) View citations (37)
    See also Journal Article Globalisation, pass-through and the optimal policy response to exchange rates, Journal of International Money and Finance, Elsevier (2014) View citations (39) (2014)
29. International Financial Integration and Crisis Contagion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (20)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (10)
    See also Journal Article International Financial Integration and Crisis Contagion, The Review of Economic Studies, Review of Economic Studies Ltd (2020) View citations (32) (2020)

2013

30. Borders and Nominal Exchange Rates in Risk-Sharing
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University View citations (1)
    See also Journal Article Borders and Nominal Exchange Rates in Risk-Sharing, Journal of the European Economic Association, European Economic Association (2020) View citations (4) (2020)
31. Capital Controls, Global Liquidity Traps and the International Policy Trilemma
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Capital Controls, Global Liquidity Traps, and the International Policy Trilemma, Scandinavian Journal of Economics, Wiley Blackwell (2014) View citations (38) (2014)
32. Nominal Stability and Financial Globalization
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (4)
    See also Journal Article Nominal Stability and Financial Globalization, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (11) (2014)
33. The Optimal Currency Area in a Liquidity Trap
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

2012

34. International Risk Sharing
    MPRA Paper, University Library of Munich, Germany View citations (20)

2011

35. Consumption Risk Sharing, the Real Exchange Rate, and Borders: Why Does the Exchange Rate Make Such a Difference?
    2011 Meeting Papers, Society for Economic Dynamics View citations (7)
36. Consumption Risk-Sharing and the Real Exchange Rate: Why does the Nominal Exchange Rate Make Such a Difference?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
37. Price Setting in a Leading Swiss Online Supermarket
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Paper Series, Victoria University of Wellington, School of Economics and Finance (2011) View citations (1)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2011) View citations (6)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2011) View citations (6)
38. Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2011) View citations (2)
    See also Journal Article Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap, American Economic Journal: Macroeconomics, American Economic Association (2013) View citations (68) (2013)
39. The Extensive Margin, Sectoral Shares and International Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article The extensive margin, sectoral shares, and international business cycles, Canadian Journal of Economics, Canadian Economics Association (2012) View citations (7) (2012)
40. What determines European real exchange rates?
    Working Paper Series, Victoria University of Wellington, School of Economics and Finance
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (15)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2010) View citations (19)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2010) View citations (10)

2010

41. Fiscal Deficits, Debt, and Monetary Policy in a Liquidity Trap
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (9)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2010) View citations (1)
    See also Chapter Fiscal Deficits, Debt, and Monetary Policy in a Liquidity Trap, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2011) View citations (15) (2011)
42. Leverage Constraints and the International Transmission of Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (262)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2010) View citations (259)
    RBA Research Discussion Papers, Reserve Bank of Australia (2009) View citations (25)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (256)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2010) View citations (194)
    See also Journal Article Leverage Constraints and the International Transmission of Shocks, Journal of Money, Credit and Banking, Blackwell Publishing (2010) View citations (257) (2010)
43. The Direct Incidence of Corporate Income Tax on Wages
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (17)

2009

44. A Portfolio Model of Capital Flows to Emerging Markets
    Working Papers, Hong Kong Institute for Monetary Research View citations (72)
    See also Journal Article A portfolio model of capital flows to emerging markets, Journal of Development Economics, Elsevier (2009) View citations (78) (2009)
45. Consumption And Real Exchange Rates In Professional Forecasts
    Working Paper, Economics Department, Queen's University View citations (16)
    Also in BIS Working Papers, Bank for International Settlements (2009) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (16)
    See also Journal Article Consumption and real exchange rates in professional forecasts, Journal of International Economics, Elsevier (2012) View citations (22) (2012)
46. International and Intra-national Real Exchange Rates: Evidence and Theory
    2009 Meeting Papers, Society for Economic Dynamics View citations (4)
47. The Distorting Arm's Length Principle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
48. Valuation Effects and the Dynamics of Net External Assets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (12)
    See also Journal Article Valuation effects and the dynamics of net external assets, Journal of International Economics, Elsevier (2010) View citations (81) (2010)

2008

49. Country Portfolios in Open Economy Macro Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2008) View citations (54)
    See also Journal Article COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO‐MODELS, Journal of the European Economic Association, European Economic Association (2011) View citations (157) (2011)
50. Financial globalization and monetary policy
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (51)
    Also in IMF Working Papers, International Monetary Fund (2007) View citations (11)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (10)
    See also Journal Article Financial globalization and monetary policy, Journal of Monetary Economics, Elsevier (2008) View citations (51) (2008)
51. Vehicle Currency
    Working Papers, University of Toronto, Department of Economics View citations (8)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2008) View citations (3)
    See also Journal Article VEHICLE CURRENCY, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2013) View citations (23) (2013)

2007

52. Country Portfolio Dynamics
    IMF Working Papers, International Monetary Fund View citations (32)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (27)
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2007) View citations (25)
    2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (24)
    See also Journal Article Country portfolio dynamics, Journal of Economic Dynamics and Control, Elsevier (2010) View citations (100) (2010)
53. Expectations and Exchange Rate Policy
    Working Papers, Hong Kong Institute for Monetary Research View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (24)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (24)
54. Financial Globalization and Emerging Market Portfolios
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (7)
    See also Journal Article Financial Globalization and Emerging Market Portfolios, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2007) View citations (7) (2007)
55. Solving for Country Portfolios in Open Economy Macro Models
    IMF Working Papers, International Monetary Fund View citations (21)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (93)
    Working Papers, Hong Kong Institute for Monetary Research (2007) View citations (20)

2006

56. A Portfolio Theory of International Capital Flows
    Working Papers, Hong Kong Institute for Monetary Research View citations (47)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (28)
    The Institute for International Integration Studies Discussion Paper Series, IIIS (2006) View citations (32)
57. Currency Appreciation and Current Account Adjustment
    Working Papers, Hong Kong Institute for Monetary Research View citations (9)
    See also Journal Article Currency appreciation and current account adjustment, Journal of International Money and Finance, Elsevier (2007) View citations (35) (2007)
58. Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Working Paper Series, European Central Bank (2006) View citations (12)
    Working Papers, Hong Kong Institute for Monetary Research (2005) View citations (4)
59. Global Current Account Adjustments: A Decomposition
    2006 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006)
    See also Journal Article Global current account adjustment: a decomposition, Proceedings, Federal Reserve Bank of San Francisco (2006) (2006)

2005

60. Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?
    IMF Working Papers, International Monetary Fund View citations (4)
    Also in Econometric Society 2004 Far Eastern Meetings, Econometric Society (2004)
    See also Journal Article Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?, IMF Staff Papers, Palgrave Macmillan (2006) View citations (14) (2006)
61. Exchange Rates and Monetary Policy in Emerging Market Economies
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (16)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2000) View citations (11)
    Economic Papers, Trinity College Dublin, Economics Department (2001) View citations (23)
    CEG Working Papers, Trinity College Dublin, Economics Department (2001) View citations (25)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (66)
    See also Journal Article Exchange Rates and Monetary Policy in Emerging Market Economies, Economic Journal, Royal Economic Society (2006) View citations (311) (2006)
62. Transfer Problem Dynamics: Macroeconomics Of The Franco-prussian War Indemnity
    Working Paper, Economics Department, Queen's University View citations (13)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2004) View citations (1)
    See also Journal Article Transfer problem dynamics: Macroeconomics of the Franco-Prussian war indemnity, Journal of Monetary Economics, Elsevier (2007) View citations (23) (2007)

2004

63. A Simple Model of Optimal Monetary Policy with Financial Constraints
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
64. Dollar bloc or dollar block: external currency pricing and the East Asian crisis
    Working Paper Series, Federal Reserve Bank of San Francisco
65. Endogeneity of the Optimal Currency Area Revisited
    Econometric Society 2004 North American Winter Meetings, Econometric Society
66. Exchange Rate Regimes, Specialization and Trave Volume
    Working Papers, Hong Kong Institute for Monetary Research
    See also Journal Article Exchange Rate Regimes, Specialization and Trade Volume, The B.E. Journal of Macroeconomics, De Gruyter (2006) (2006)
67. External Currency Pricing and the East Asian Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article External currency pricing and the East Asian crisis, Journal of International Economics, Elsevier (2006) View citations (61) (2006)
68. Global Monetary Policy Under a Dollar Standard
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    See also Journal Article Global monetary policy under a dollar standard, Journal of International Economics, Elsevier (2007) View citations (57) (2007)
69. State Dependent Pricing and Business Cycle Asymmetries
    2004 Meeting Papers, Society for Economic Dynamics View citations (10)
    See also Journal Article STATE DEPENDENT PRICING AND BUSINESS CYCLE ASYMMETRIES, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2007) View citations (56) (2007)

2003

70. Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance
    CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies View citations (29)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (12)
    Working Papers, Hong Kong Institute for Monetary Research (2002) View citations (11)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (39)
    See also Journal Article Endogenous exchange rate pass-through when nominal prices are set in advance, Journal of International Economics, Elsevier (2004) View citations (245) (2004)
71. Exchange Rate Policy and Endogenous Price Flexibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article Exchange Rate Policy and Endogenous Price Flexibility, Journal of the European Economic Association, MIT Press (2006) View citations (10) (2006)

2002

72. Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (284)
    See also Journal Article Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect, Journal of Monetary Economics, Elsevier (2002) View citations (294) (2002)
73. Price Setting and Exhange Rate Pass-Through
    Working Papers, Hong Kong Institute for Monetary Research View citations (50)
74. Understanding Bilateral Exchange Rate Volatility
    Economic Papers, Trinity College Dublin, Economics Department View citations (9)
    Also in CEG Working Papers, Trinity College Dublin, Economics Department (2002) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (9)
    See also Journal Article Understanding bilateral exchange rate volatility, Journal of International Economics, Elsevier (2003) View citations (149) (2003)

2001

75. Endogenous Currency of Price Setting in a Dynamic Open Economy Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (122)
76. Financial Constraints and Exchange Rate Flexibility in Emerging Market Economies
    Working Papers, Hong Kong Institute for Monetary Research View citations (2)
77. International Risk-Sharing and the Exchange Rate: Re-evaluating the Case for Flexible Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (29)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2001) View citations (5)
78. Predetermined Prices and the Persistent Effects of Money on Output
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Staff Working Papers, Bank of Canada (2001) View citations (5)
    See also Journal Article Predetermined Prices and the Persistent Effects of Money on Output, Journal of Money, Credit and Banking, Blackwell Publishing (2003) View citations (34) (2003)

2000

79. A Simple Dynamic General Equilibrium Analysis of the Trade-off Between Fixed and Floating Exchange Rates
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (4)
80. A Simple Dynamic General Equilibrium Model Of The Tradeoff Between Fixed And Floating Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
81. Monetary Policy In The Open Economy Revisited: Price Setting Rules And Exchange Rate Flexibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (112)
82. Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibiity
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington View citations (13)
    Also in Working Papers, University of Washington, Department of Economics (2000) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (172)
    Working Papers, Hong Kong Institute for Monetary Research (2000) View citations (120)
    See also Journal Article Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility, The Review of Economic Studies, Review of Economic Studies Ltd (2003) View citations (580) (2003)
83. Mundell Revisited: A simple approach to the Costs and Benefits of a Single Currency Area
    Working Papers, Hong Kong Institute for Monetary Research View citations (6)
    See also Journal Article Mundell Revisited: a Simple Approach to the Costs and Benefits of a Single Currency Area, Review of International Economics, Wiley Blackwell (2003) View citations (28) (2003)
84. Risk Sharing and the Theory of Optimal Currency Areas: A Re-examination of Mundell 1973
    Working Papers, Hong Kong Institute for Monetary Research View citations (6)
85. The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production
    Working Papers, University of Washington, Department of Economics View citations (8)
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (31)
    See also Chapter The Optimal Choice of Exchange Rate Regime: Price-Setting Rules and Internationalized Production, NBER Chapters, National Bureau of Economic Research, Inc (2001) View citations (7) (2001)

1999

86. Exchange Rate Pass-Through and the Welfare Effects of the Euro
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
    Also in Working Papers, University of Washington, Department of Economics (1999) View citations (39)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations (47)
    See also Journal Article Exchange Rate Pass-Through and the Welfare Effects of the Euro, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2003) View citations (83) (2003)

1998

87. Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (166)

1993

88. A Dynamic Model Of Trade Union Contract Duration
    Working Paper, Economics Department, Queen's University
89. Exit and Entry, Increasing Returns to Specialization, and Business Cycles
    Working Paper, Economics Department, Queen's University View citations (6)
90. The Stability of Economic Integration and Endogenous Growth
    Queen's Institute for Economic Research Discussion Papers, Queen's University - Department of Economics View citations (1)
    Also in Working Paper, Economics Department, Queen's University (1993)
    See also Journal Article The Stability of Economic Integration and Endogenous Growth, The Quarterly Journal of Economics, President and Fellows of Harvard College (1994) View citations (67) (1994)

1992

91. An Examination of the "Exoansionay Fiscal Contraction" Hypothesis
    Working Papers, New South Wales - School of Economics
    Also in Working Papers, School of Economics, University College Dublin (1992) View citations (2)

1991

92. International Risk Sharing and Economic Growth
    Working Paper, Economics Department, Queen's University View citations (4)
    See also Journal Article International Risk Sharing and Economic Growth, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1994) View citations (191) (1994)

1990

93. Growth, Specialization, and Trade Liberalization
    Working Paper, Economics Department, Queen's University View citations (3)
    Also in Working Papers, School of Economics, University College Dublin (1990)
    See also Journal Article Growth, Specialization, and Trade Liberalization, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1997) View citations (27) (1997)
94. Realistic Cross-Country Consumption Correlations in a Two-Country, Equilibrium, Business Cycle Model
    Working Paper, Economics Department, Queen's University View citations (5)
    See also Journal Article Realistic cross-country consumption correlations in a two-country, equilibrium, business cycle model, Journal of International Money and Finance, Elsevier (1992) View citations (117) (1992)
95. Sustaining free trade in repeated games without government commitment
    Working Papers, School of Economics, University College Dublin View citations (1)
96. The trade-off between precommitment and flexibility in trade union wage setting
    Working Papers, School of Economics, University College Dublin
    See also Journal Article The Trade-off between Precommitment and Flexibility in Trade Union Wage Setting, Oxford Economic Papers, Oxford University Press (1991) View citations (4) (1991)

1989

97. A SURVEY OF SOME RECENT DEVELOPMENTS IN MACROECONOMICS
    Working Papers-Department of Finance Canada, Department of Finance Canada
98. Capital Accumulation and the Current Account in a Two-Country Model
    Working Paper, Economics Department, Queen's University View citations (3)
    See also Journal Article Capital accumulation and the current account in a two-country model, Journal of International Economics, Elsevier (1991) View citations (49) (1991)
99. Government Purchases and Real Interest Rates with Endogenous Time Preference
    Working Paper, Economics Department, Queen's University
    See also Journal Article Government purchases and real interest rates with endogenous time preference, Economics Letters, Elsevier (1991) View citations (7) (1991)
100. Trade Unions, Non-Binding Wage Agreements, and Capital Accumulation
     Working Paper, Economics Department, Queen's University View citations (14)
     See also Journal Article Trade unions, non-binding wage agreements, and capital accumulation, European Economic Review, Elsevier (1991) View citations (34) (1991)

1986

101. A Positive Theory of Fiscal Policy in Open Economies
     Working Paper, Economics Department, Queen's University View citations (3)
     See also Chapter A Positive Theory of Fiscal Policy in Open Economies, NBER Chapters, National Bureau of Economic Research, Inc (1988) View citations (3) (1988)

1985

102. Trade Unions and the Choice of Capital Stock
     Working Paper, Economics Department, Queen's University View citations (20)

1984

103. Fiscal Policy and the Real Exchange Rate
     Working Paper, Economics Department, Queen's University View citations (1)
     See also Journal Article Fiscal policy and the real exchange rate, European Economic Review, Elsevier (1990) View citations (18) (1990)
104. Fiscal Policy and the Real Exchange Rate Queen's Discussion Paper
     Queen's Institute for Economic Research Discussion Papers, Queen's University - Department of Economics

Journal Articles

2023

1. Consumption heterogeneity and monetary policy in an open economy
   Journal of Monetary Economics, 2023, 140, (C), 1-15
   See also Working Paper Consumption Heterogeneity and Monetary Policy in an Open Economy, NBER Working Papers (2022) (2022)
2. Production Networks And International Fiscal Spillovers
   The Economic Journal, 2023, 133, (653), 1871-1900
   See also Working Paper Production Networks and International Fiscal Spillovers, Post-Print (2023) View citations (2) (2023)
3. Sudden stops and optimal foreign exchange intervention
   Journal of International Economics, 2023, 141, (C) View citations (5)
   See also Working Paper Sudden Stops and Optimal Foreign Exchange Intervention, NBER Working Papers (2020) View citations (8) (2020)

2022

4. Capital Controls for Crisis Management Policy in a Global Economy
   American Economic Journal: Macroeconomics, 2022, 14, (1), 60-82
5. Pandemics through the lens of occupations
   Canadian Journal of Economics/Revue canadienne d'économique, 2022, 55, (S1), 540-580 View citations (5)
   See also Working Paper Pandemics Through the Lens of Occupations, NBER Working Papers (2020) View citations (2) (2020)
6. Self-enforcing trade policy and exchange rate adjustment
   Journal of International Economics, 2022, 134, (C) View citations (3)

2021

7. Exchange rates, local currency pricing and international tax policies
   Journal of Monetary Economics, 2021, 117, (C), 460-472 View citations (4)
   See also Working Paper Exchange Rates, Local Currency Pricing and International Tax Policies, NBER Working Papers (2018) View citations (7) (2018)
8. Testing the Present‐Value Model of the Exchange Rate with Commodity Currencies
   Journal of Money, Credit and Banking, 2021, 53, (2-3), 589-596 View citations (3)

2020

9. Borders and Nominal Exchange Rates in Risk-Sharing
   Journal of the European Economic Association, 2020, 18, (3), 1238-1283 View citations (4)
   See also Working Paper Borders and Nominal Exchange Rates in Risk-Sharing, CAMA Working Papers (2013) View citations (1) (2013)
10. Implementable Rules for International Monetary Policy Coordination
    IMF Economic Review, 2020, 68, (1), 108-162 View citations (10)
11. International Financial Integration and Crisis Contagion
    The Review of Economic Studies, 2020, 87, (3), 1174-1212 View citations (32)
    See also Working Paper International Financial Integration and Crisis Contagion, NBER Working Papers (2014) View citations (18) (2014)
12. International capital flows, portfolio composition, and the stability of external imbalances
    Journal of International Economics, 2020, 127, (C) View citations (1)

2019

13. Capital controls and monetary policy in sudden-stop economies
    Journal of Monetary Economics, 2019, 103, (C), 52-74 View citations (28)
14. Evaluating the role of capital controls and monetary policy in emerging market crises
    Journal of International Money and Finance, 2019, 95, (C), 189-211 View citations (19)
15. Fiscal Policy in a Currency Union at the Zero Lower Bound
    Journal of Money, Credit and Banking, 2019, 51, (S1), 43-82 View citations (3)
    See also Working Paper Fiscal Policy in a Currency Union at the Zero Lower Bound, ADBI Working Papers (2018) (2018)
16. Models of international fiscal spillovers
    Economics Letters, 2019, 175, (C), 76-79 View citations (3)

2018

17. International Fiscal Spillovers: A Review Essay
    Korean Economic Review, 2018, 34, 29-50 View citations (3)
18. Real Exchange Rates and Sectoral Productivity in the Eurozone
    American Economic Review, 2018, 108, (6), 1543-81 View citations (57)
    See also Working Paper Real Exchange Rates and Sectoral Productivity in the Eurozone, GRU Working Paper Series (2017) (2017)

2017

19. Exchange Rate Adjustment in Financial Crises
    IMF Economic Review, 2017, 65, (3), 528-562 View citations (8)
20. Importers and exporters in exchange rate pass-through and currency invoicing
    Journal of International Economics, 2017, 105, (C), 187-204 View citations (71)
21. The Canadian border and the US dollar: The impact of exchange rate changes on US retailers
    Canadian Journal of Economics/Revue canadienne d'économique, 2017, 50, (5), 1525-1555 View citations (4)
    Also in Canadian Journal of Economics, 2017, 50, (5), 1525-1555 (2017) View citations (4)

2016

22. Exchange rate flexibility under the zero lower bound
    Journal of International Economics, 2016, 101, (C), 52-69 View citations (39)
    See also Working Paper Exchange Rate Flexibility under the Zero Lower Bound, CEPR Discussion Papers (2014) View citations (8) (2014)
23. Self-oriented monetary policy, global financial markets and excess volatility of international capital flows
    Journal of International Money and Finance, 2016, 68, (C), 275-297 View citations (76)
    See also Working Paper Self-oriented monetary policy, global financial markets and excess volatility of international capital flows, BIS Working Papers (2016) View citations (88) (2016)

2014

24. Capital Controls, Global Liquidity Traps, and the International Policy Trilemma
    Scandinavian Journal of Economics, 2014, 116, (1), 158-189 View citations (38)
    See also Working Paper Capital Controls, Global Liquidity Traps and the International Policy Trilemma, NBER Working Papers (2013) View citations (3) (2013)
25. Globalisation, pass-through and the optimal policy response to exchange rates
    Journal of International Money and Finance, 2014, 49, (PA), 104-128 View citations (39)
    See also Working Paper Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates, NBER Working Papers (2014) View citations (37) (2014)
26. Nominal Stability and Financial Globalization
    Journal of Money, Credit and Banking, 2014, 46, (5), 921-959 View citations (11)
    See also Working Paper Nominal Stability and Financial Globalization, SIRE Discussion Papers (2013) View citations (4) (2013)

2013

27. Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap
    American Economic Journal: Macroeconomics, 2013, 5, (3), 190-228 View citations (68)
    See also Working Paper Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap, NBER Working Papers (2011) View citations (5) (2011)
28. Trends in European real exchange rates
    (Trade costs)
    Economic Policy, 2013, 28, (74), 193-242 View citations (26)
29. VEHICLE CURRENCY
    International Economic Review, 2013, 54, (1), 97-133 View citations (23)
    See also Working Paper Vehicle Currency, Working Papers (2008) View citations (8) (2008)

2012

30. Consumption and real exchange rates in professional forecasts
    Journal of International Economics, 2012, 86, (1), 33-42 View citations (22)
    See also Working Paper Consumption And Real Exchange Rates In Professional Forecasts, Working Paper (2009) View citations (16) (2009)
31. Real Exchange Rate Adjustment in and out of the Eurozone
    American Economic Review, 2012, 102, (3), 179-85 View citations (57)
32. Symposium on international risk sharing: Introduction
    Canadian Journal of Economics/Revue canadienne d'économique, 2012, 45, (2), 373-375 View citations (15)
33. The extensive margin, sectoral shares, and international business cycles
    Canadian Journal of Economics, 2012, 45, (2), 509-534 View citations (7)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2012, 45, (2), 509-534 (2012) View citations (7)
    See also Working Paper The Extensive Margin, Sectoral Shares and International Business Cycles, NBER Working Papers (2011) View citations (2) (2011)

2011

34. Advances in international macroeconomics: Lessons from the crisis
    European Economic Review, 2011, 55, (3), 307-308 View citations (3)
35. COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO‐MODELS
    Journal of the European Economic Association, 2011, 9, (2), 337-369 View citations (157)
    See also Working Paper Country Portfolios in Open Economy Macro Models, NBER Working Papers (2008) View citations (20) (2008)
36. Cooperative fiscal policy at the zero lower bound
    Journal of the Japanese and International Economies, 2011, 25, (4), 465-486 View citations (1)
    See also Chapter Cooperative Fiscal Policy at the Zero Lower Bound, NBER Chapters, 2010 (2010) (2010)
37. Evaluating international financial integration under leverage constraints
    European Economic Review, 2011, 55, (3), 427-442 View citations (51)
38. Monetary Policy in Economic Crises: A Simple Model of Policy with External Financial Constraints
    International Economic Journal, 2011, 25, (4), 683-711 View citations (1)
39. Optimal fiscal policy in a world liquidity trap
    European Economic Review, 2011, 55, (4), 443-462 View citations (35)

2010

40. Country portfolio dynamics
    Journal of Economic Dynamics and Control, 2010, 34, (7), 1325-1342 View citations (100)
    See also Working Paper Country Portfolio Dynamics, IMF Working Papers (2007) View citations (32) (2007)
41. JIE special issue on international macro-finance
    Journal of International Economics, 2010, 80, (1), 1-2 View citations (1)
42. Leverage Constraints and the International Transmission of Shocks
    Journal of Money, Credit and Banking, 2010, 42, (s1), 71-105 View citations (257)
    Also in Journal of Money, Credit and Banking, 2010, 42, (s1), 71-105 (2010) View citations (51)
    See also Working Paper Leverage Constraints and the International Transmission of Shocks, NBER Working Papers (2010) View citations (262) (2010)
43. Oil Currency and the Dollar Standard: A Simple Analytical Model of an International Trade Currency
    Journal of Money, Credit and Banking, 2010, 42, (4), 521-550 View citations (3)
    Also in Journal of Money, Credit and Banking, 2010, 42, (4), 521-550 (2010) View citations (16)
44. Price adjustment and exchange rate pass-through
    Journal of International Money and Finance, 2010, 29, (1), 181-200 View citations (125)
45. Valuation effects and the dynamics of net external assets
    Journal of International Economics, 2010, 80, (1), 129-143 View citations (81)
    See also Working Paper Valuation Effects and the Dynamics of Net External Assets, CEPR Discussion Papers (2009) View citations (8) (2009)

2009

46. A portfolio model of capital flows to emerging markets
    Journal of Development Economics, 2009, 89, (2), 181-193 View citations (78)
    See also Working Paper A Portfolio Model of Capital Flows to Emerging Markets, Working Papers (2009) View citations (72) (2009)
47. A simple model of emerging market portfolio structure
    International Review of Economics & Finance, 2009, 18, (3), 457-468 View citations (9)
48. Introduction to the special issue of IREF on macroeconomics of Asia
    International Review of Economics & Finance, 2009, 18, (3), 363-365
49. Much Appreciated? The Rise of the Canadian Dollar
    Review of Economic Analysis, 2009, 1, (1), 1-33 View citations (2)

2008

50. Financial globalization and monetary policy
    Journal of Monetary Economics, 2008, 55, (8), 1363-1375 View citations (51)
    See also Working Paper Financial globalization and monetary policy, Discussion Paper Series 1: Economic Studies (2008) View citations (51) (2008)

2007

51. Currency appreciation and current account adjustment
    Journal of International Money and Finance, 2007, 26, (4), 570-586 View citations (35)
    See also Working Paper Currency Appreciation and Current Account Adjustment, Working Papers (2006) View citations (9) (2006)
52. Expectations, Monetary Policy, and the Misalignment of Traded Goods Prices [with Comments]
    NBER International Seminar on Macroeconomics, 2007, 2007, (1), 131 - 172 View citations (3)
53. Expenditure switching versus real exchange rate stabilization: Competing objectives for exchange rate policy
    Journal of Monetary Economics, 2007, 54, (8), 2346-2374 View citations (86)
54. Financial Globalization and Emerging Market Portfolios
    Monetary and Economic Studies, 2007, 25, (S1), 101-130 View citations (7)
    See also Working Paper Financial Globalization and Emerging Market Portfolios, IMES Discussion Paper Series (2007) View citations (7) (2007)
55. Global monetary policy under a dollar standard
    Journal of International Economics, 2007, 71, (1), 113-132 View citations (57)
    See also Working Paper Global Monetary Policy Under a Dollar Standard, CEPR Discussion Papers (2004) View citations (11) (2004)
56. Monetary Policy and Portfolio Choice Choice in an Open Economy Macro Model
    Journal of the European Economic Association, 2007, 5, (2-3), 491-499 View citations (50)
57. STATE DEPENDENT PRICING AND BUSINESS CYCLE ASYMMETRIES
    International Economic Review, 2007, 48, (1), 281-310 View citations (56)
    See also Working Paper State Dependent Pricing and Business Cycle Asymmetries, 2004 Meeting Papers (2004) View citations (10) (2004)
58. Transfer problem dynamics: Macroeconomics of the Franco-Prussian war indemnity
    Journal of Monetary Economics, 2007, 54, (8), 2375-2398 View citations (23)
    See also Working Paper Transfer Problem Dynamics: Macroeconomics Of The Franco-prussian War Indemnity, Working Paper (2005) View citations (13) (2005)

2006

59. "Emerging markets and macroeconomic volatility: Lessons from a decade of financial debacles", a symposium for the Journal of International Economics
    Journal of International Economics, 2006, 69, (1), 1-5 View citations (6)
60. A Theoretical Growth Model for Ireland
    The Economic and Social Review, 2006, 37, (2), 245-262 View citations (7)
61. Accounting for the East Asian Crisis: A Quantitative Model of Capital Outflows in Small Open Economies
    Journal of Money, Credit and Banking, 2006, 38, (3), 721-749 View citations (35)
62. Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?
    IMF Staff Papers, 2006, 53, 8 View citations (14)
    See also Working Paper Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?, IMF Working Papers (2005) View citations (4) (2005)
63. Capital inflows, fiscal discretion, and exchange rate policy
    European Economic Review, 2006, 50, (8), 1975-1992 View citations (5)
64. Exchange Rate Policy and Endogenous Price Flexibility
    Journal of the European Economic Association, 2006, 4, (4), 735-769 View citations (10)
    See also Working Paper Exchange Rate Policy and Endogenous Price Flexibility, CEPR Discussion Papers (2003) View citations (1) (2003)
65. Exchange Rate Regimes, Specialization and Trade Volume
    The B.E. Journal of Macroeconomics, 2006, 6, (2), 36
    See also Working Paper Exchange Rate Regimes, Specialization and Trave Volume, Working Papers (2004) (2004)
66. Exchange Rates and Monetary Policy in Emerging Market Economies
    Economic Journal, 2006, 116, (511), 478-506 View citations (311)
    See also Working Paper Exchange Rates and Monetary Policy in Emerging Market Economies, The Institute for International Integration Studies Discussion Paper Series (2005) View citations (16) (2005)
67. External currency pricing and the East Asian crisis
    Journal of International Economics, 2006, 69, (1), 37-63 View citations (61)
    See also Working Paper External Currency Pricing and the East Asian Crisis, CEPR Discussion Papers (2004) View citations (1) (2004)
68. Global current account adjustment: a decomposition
    Proceedings, 2006, (Jun), 1-25
    See also Working Paper Global Current Account Adjustments: A Decomposition, 2006 Meeting Papers (2006) (2006)

2005

69. Friedman redux: Restricting monetary policy rules to support flexible exchange rates
    Economics Letters, 2005, 87, (3), 291-299 View citations (5)

2004

70. Endogenous exchange rate pass-through when nominal prices are set in advance
    Journal of International Economics, 2004, 63, (2), 263-291 View citations (245)
    See also Working Paper Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance, CERS-IE WORKING PAPERS (2003) View citations (29) (2003)
71. Monetary policy rules and exchange rate flexibility in a simple dynamic general equilibrium model
    Journal of Macroeconomics, 2004, 26, (2), 287-308 View citations (13)
72. Should the exchange rate be a shock absorber?
    Journal of International Economics, 2004, 62, (2), 359-377 View citations (59)

2003

73. A Macroeconomic Analysis of EU Accession under Alternative Monetary Policies
    Journal of Common Market Studies, 2003, 41, (5), 941-964 View citations (16)
74. A Tale of Two Currencies: the Asian Crisis and the Exchange Rate Regimes of Hong Kong and Singapore
    Review of International Economics, 2003, 11, (1), 38-54 View citations (24)
75. Exchange Rate Pass-Through and the Welfare Effects of the Euro
    International Economic Review, 2003, 44, (1), 223-242 View citations (83)
    See also Working Paper Exchange Rate Pass-Through and the Welfare Effects of the Euro, NBER Working Papers (1999) View citations (40) (1999)
76. Expansionary fiscal contraction: A theoretical exploration
    Journal of Macroeconomics, 2003, 25, (1), 1-23 View citations (25)
77. Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility
    The Review of Economic Studies, 2003, 70, (4), 765-783 View citations (580)
    See also Working Paper Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibiity, Discussion Papers in Economics at the University of Washington (2000) View citations (13) (2000)
78. Mundell Revisited: a Simple Approach to the Costs and Benefits of a Single Currency Area
    Review of International Economics, 2003, 11, (4), 674-691 View citations (28)
    See also Working Paper Mundell Revisited: A simple approach to the Costs and Benefits of a Single Currency Area, Working Papers (2000) View citations (6) (2000)
79. Predetermined Prices and the Persistent Effects of Money on Output
    Journal of Money, Credit and Banking, 2003, 35, (5), 729-41 View citations (34)
    See also Working Paper Predetermined Prices and the Persistent Effects of Money on Output, CEPR Discussion Papers (2001) View citations (5) (2001)
80. Understanding bilateral exchange rate volatility
    Journal of International Economics, 2003, 60, (1), 109-132 View citations (149)
    See also Working Paper Understanding Bilateral Exchange Rate Volatility, Economic Papers (2002) View citations (9) (2002)

2002

81. Capital Controls in Malaysia: Effectiveness and Side Effects
    Asian Economic Papers, 2002, 1, (1), 49-82 View citations (2)
82. Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect
    Journal of Monetary Economics, 2002, 49, (5), 913-940 View citations (294)
    See also Working Paper Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect, NBER Working Papers (2002) View citations (284) (2002)
83. Menu costs and the long-run output-inflation trade-off
    Economics Letters, 2002, 76, (1), 95-100 View citations (54)

2001

84. Dynamic Gains from International Trade with Imperfect Competition and Market Power
    Review of Development Economics, 2001, 5, (2), 239-255 View citations (20)
85. THE NEW INTERNATIONAL MACROECONOMICS: SOME POLICY IMPLICATIONS
    Economic Papers, 2001, 20, (S1), 30-41

2000

86. Erratum to "Exchange rate dynamics in a model of pricing-to-market": [Journal of International Economics 50 (2000) 214-244]
    Journal of International Economics, 2000, 52, (1), 207-208 View citations (367)
87. Exchange rate dynamics in a model of pricing-to-market
    Journal of International Economics, 2000, 50, (1), 215-244 View citations (592)
88. Government Spending and Welfare with Returns to Specialization
    Scandinavian Journal of Economics, 2000, 102, (4), 547-561 View citations (19)
89. How does a devaluation affect the current account?
    Journal of International Money and Finance, 2000, 19, (6), 833-851 View citations (15)
90. International Monetary Policy Coordination and Competitive Depreciation: A Reevaluation
    Journal of Money, Credit and Banking, 2000, 32, (4), 722-45 View citations (27)

1999

91. Endogenous trade policy and the gains from international financial markets
    Journal of Monetary Economics, 1999, 43, (1), 35-59 View citations (22)
92. Growth and the dynamics of trade liberalization
    Journal of Economic Dynamics and Control, 1999, 23, (5-6), 773-795
93. Real Exchange Rate Trends and Growth: A Model of East Asia
    Review of International Economics, 1999, 7, (3), 509-21 View citations (32)

1998

94. Political instability, capital taxation, and growth
    European Economic Review, 1998, 42, (9), 1635-1651 View citations (86)

1997

95. Comment on "Money in a Real Business Cycle Model."
    Journal of Money, Credit and Banking, 1997, 29, (4), 616-23
96. Growth and risk-sharing with incomplete international assets markets
    Journal of International Economics, 1997, 42, (3-4), 453-481 View citations (44)
97. Growth, Specialization, and Trade Liberalization
    International Economic Review, 1997, 38, (3), 565-85 View citations (27)
    See also Working Paper Growth, Specialization, and Trade Liberalization, Working Paper (1990) View citations (3) (1990)
98. Real Exchange Rates and Macroeconomics: Evidence and Theory
    Canadian Journal of Economics, 1997, 30, (4), 773-808 View citations (70)

1996

99. Aggregate fluctuations with increasing returns to specialization and scale
    Journal of Economic Dynamics and Control, 1996, 20, (4), 627-656 View citations (116)
100. Monopolistic Competition, Increasing Returns, and the Effects of Government Spending
     Journal of Money, Credit and Banking, 1996, 28, (2), 233-54 View citations (170)
101. The exchange rate in a model of pricing-to-market
     European Economic Review, 1996, 40, (3-5), 1007-1021 View citations (328)

1995

102. Anticipated Budget Deficits and the Real Exchange Rate
     Canadian Journal of Economics, 1995, 28, (s1), 207-20 View citations (1)
103. Money and the real exchange rate with sticky prices and increasing returns
     Carnegie-Rochester Conference Series on Public Policy, 1995, 43, (1), 55-101 View citations (34)
104. The 'Expansionary Fiscal Contraction' Hypothesis: A Neo-Keynesian Analysis
     Oxford Economic Papers, 1995, 47, (2), 249-64 View citations (29)
105. The Dynamic Effects of Government Spending Policies in a Two-Sector Endogenous Growth Model
     Journal of Money, Credit and Banking, 1995, 27, (1), 232-56 View citations (44)

1994

106. International Risk Sharing and Economic Growth
     International Economic Review, 1994, 35, (3), 535-50 View citations (191)
     See also Working Paper International Risk Sharing and Economic Growth, Working Paper (1991) View citations (4) (1991)
107. The Effects of Factor Taxation in a Two-Sector Model of Endogenous Growth
     Canadian Journal of Economics, 1994, 27, (3), 509-36 View citations (70)
108. The Stability of Economic Integration and Endogenous Growth
     The Quarterly Journal of Economics, 1994, 109, (1), 299-305 View citations (67)
     See also Working Paper The Stability of Economic Integration and Endogenous Growth, Queen's Institute for Economic Research Discussion Papers (1993) View citations (1) (1993)

1993

109. Monopolistic competition, technology shocks, and aggregate fluctuations
     Economics Letters, 1993, 41, (1), 57-61 View citations (10)

1992

110. International Fiscal Policy Coordination and Economic Growth
     International Economic Review, 1992, 33, (2), 249-68 View citations (36)
111. Macroeconomics, credibility, and politics: Torsten Persson and Guido Tabellini, (Harwood, Chur, Switzerland, 1990) pp. x + 187, $19.00
     Journal of International Economics, 1992, 32, (1-2), 193-195
112. Realistic cross-country consumption correlations in a two-country, equilibrium, business cycle model
     Journal of International Money and Finance, 1992, 11, (1), 3-16 View citations (117)
     See also Working Paper Realistic Cross-Country Consumption Correlations in a Two-Country, Equilibrium, Business Cycle Model, Working Paper (1990) View citations (5) (1990)

1991

113. Capital accumulation and the current account in a two-country model
     Journal of International Economics, 1991, 30, (1-2), 1-25 View citations (49)
     See also Working Paper Capital Accumulation and the Current Account in a Two-Country Model, Working Paper (1989) View citations (3) (1989)
114. Government purchases and real interest rates with endogenous time preference
     Economics Letters, 1991, 35, (2), 131-136 View citations (7)
     See also Working Paper Government Purchases and Real Interest Rates with Endogenous Time Preference, Working Paper (1989) (1989)
115. The Terms of Trade and the International Coordination of Fiscal Policy
     Economic Inquiry, 1991, 29, (4), 720-36 View citations (32)
116. The Trade-off between Precommitment and Flexibility in Trade Union Wage Setting
     Oxford Economic Papers, 1991, 43, (4), 549-69 View citations (4)
     See also Working Paper The trade-off between precommitment and flexibility in trade union wage setting, Working Papers (1990) (1990)
117. Trade unions, non-binding wage agreements, and capital accumulation
     European Economic Review, 1991, 35, (7), 1411-1426 View citations (34)
     See also Working Paper Trade Unions, Non-Binding Wage Agreements, and Capital Accumulation, Working Paper (1989) View citations (14) (1989)

1990

118. Fiscal policy and the real exchange rate
     European Economic Review, 1990, 34, (6), 1201-1211 View citations (18)
     See also Working Paper Fiscal Policy and the Real Exchange Rate, Working Paper (1984) View citations (1) (1984)
119. International Cooperation, Precommitment, and Welfare
     International Economic Review, 1990, 31, (2), 439-56 View citations (6)

1989

120. A Positive Theory of Inflation and Inflation Variance
     Economic Inquiry, 1989, 27, (1), 105-16 View citations (71)
121. International Co-ordination of Macroeconomic Policies: A Review
     Canadian Public Policy, 1989, 15, (s1), 20-34
122. Profit-Sharing and Optimal Labour Contracts
     Canadian Journal of Economics, 1989, 22, (2), 425-33 View citations (28)

1988

123. Non-traded Goods and the International Transmission of Fiscal Policy
     Canadian Journal of Economics, 1988, 21, (2), 265-78 View citations (5)
124. The Optimal Mix of Wage Indexation and Foreign Exchange Market Intervention
     Journal of Money, Credit and Banking, 1988, 20, (3), 381-92 View citations (9)

1987

125. Fiscal spending, the terms of trade, and real interest rates
     Journal of International Economics, 1987, 22, (3-4), 219-235 View citations (4)
126. The effect of monetary variability on welfare in a simple macroeconomic model
     Journal of Monetary Economics, 1987, 19, (3), 427-435 View citations (15)

1986

127. Public investment and international policy coordination
     Economics Letters, 1986, 22, (2-3), 299-302 View citations (2)

Books

2017

1. NBER International Seminar on Macroeconomics 2016
   NBER Books, National Bureau of Economic Research, Inc

2016

2. NBER International Seminar on Macroeconomics 2015
   NBER Books, National Bureau of Economic Research, Inc

2014

3. Business Taxation (Trans-Atlantic Public Economics Seminar)
   NBER Books, National Bureau of Economic Research, Inc

Chapters

2018

1. Discussion of Charles Engel and Feng Zhu’s paper
   A chapter in The price, real and financial effects of exchange rates, 2018, vol. 96, pp 12-18
2. Monetary Policy Responses to External Spillovers in Emerging Market Economies
   Chapter 06 in Monetary Policy and Global Spillovers: Mechanisms, Effects and Policy Measures, 2018, vol. 25, pp 183-223

2014

3. International Aspects of the Zero Lower Bound Constraint
   Chapter 12 in Macroeconomic and Financial Stability: challenges for Monetary Policy, 2014, vol. 19, pp 383-425 View citations (2)
4. Responding to exchange rates in a globalised world
   A chapter in Globalisation, inflation and monetary policy in Asia and the Pacific, 2014, vol. 77, pp 97-117 View citations (3)

2013

5. Inflation and financial globalisation
   A chapter in Globalisation and inflation dynamics in Asia and the Pacific, 2013, vol. 70, pp 119-128

2012

6. The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records
   A chapter in Business Taxation (Trans-Atlantic Public Economics Seminar), 2012 View citations (1)

2011

7. Fiscal Deficits, Debt, and Monetary Policy in a Liquidity Trap
   Chapter 10 in Monetary Policy under Financial Turbulence, 2011, vol. 16, pp 369-410 View citations (15)
   See also Working Paper Fiscal Deficits, Debt, and Monetary Policy in a Liquidity Trap, Central Bank of Chile (2010) View citations (9) (2010)

2010

8. Cooperative Fiscal Policy at the Zero Lower Bound
   A chapter in Fiscal Policy and Crisis, 2010
   See also Journal Article Cooperative fiscal policy at the zero lower bound, Elsevier (2011) View citations (1) (2011)
9. Financial deleveraging and the international transmission of shocks
   A chapter in The international financial crisis and policy challenges in Asia and the Pacific, 2010, vol. 52, pp 274-298 View citations (11)

2009

10. Expectations, Monetary Policy, and the Misalignment of Traded Goods Prices
    A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 131-157 View citations (3)

2001

11. The Optimal Choice of Exchange Rate Regime: Price-Setting Rules and Internationalized Production
    A chapter in Topics in Empirical International Economics: A Festschrift in Honor of Robert E. Lipsey, 2001, pp 163-194 View citations (7)
    See also Working Paper The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production, University of Washington, Department of Economics (2000) View citations (8) (2000)

1988

12. A Positive Theory of Fiscal Policy in Open Economies
    A chapter in International Aspects of Fiscal Policies, 1988, pp 173-196 View citations (3)
    See also Working Paper A Positive Theory of Fiscal Policy in Open Economies, Economics Department, Queen's University (1986) View citations (3) (1986)