Details about Charles Engel
Access statistics for papers by Charles Engel.
Last updated 2024-11-06. Update your information in the RePEc Author Service.
Short-id: pen14
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Working Papers
2024
- Exchange Rate Models are Better than You Think, and Why They Didn't Work in the Old Days
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024) View citations (2)
- U.S. Liquid Government Liabilities and Emerging Market Capital Flows
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2024)
2023
- Collateral Advantage: Exchange Rates, Capital Flows and Global Cycles
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
- Liquidity and Exchange Rates: An Empirical Investigation
University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego View citations (5)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (40) NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (45)
See also Journal Article Liquidity and Exchange Rates: An Empirical Investigation, The Review of Economic Studies, Review of Economic Studies Ltd (2023) View citations (2) (2023)
2022
- Scrambling for Dollars: International Liquidity, Banks and Exchange Rates
Working Papers, Peruvian Economic Association 
Also in Working Papers, Federal Reserve Bank of Minneapolis (2021) View citations (3) NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (16) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
2021
- A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (4)
See also Chapter A Reconsideration of the Failure of Uncovered Interest Parity for the US Dollar, NBER Chapters, National Bureau of Economic Research, Inc (2021) View citations (3) (2021) Journal Article A reconsideration of the failure of uncovered interest parity for the U.S. dollar, Journal of International Economics, Elsevier (2022) View citations (12) (2022)
- Forecasting the U.S. Dollar in the 21st Century
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (1)
See also Journal Article Forecasting the U.S. Dollar in the 21st Century, Journal of International Economics, Elsevier (2023) View citations (8) (2023)
2019
- Exchange rate puzzles: evidence from rigidly fixed nominal exchange rate systems
BIS Working Papers, Bank for International Settlements View citations (8)
- Safe U.S. Assets and U.S. Capital Flows
GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit 
See also Journal Article Safe U.S. Assets and U.S. Capital Flows, Journal of International Money and Finance, Elsevier (2020) (2020)
2018
- Debauchery and Original Sin: The Currency Composition of Sovereign Debt
NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2018)  2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (9)
See also Journal Article Debauchery and Original Sin: The Currency Composition of Sovereign Debt, Journal of the European Economic Association, European Economic Association (2022) View citations (11) (2022)
2017
- Real Exchange Rate Convergence: The Roles of Price Stickiness and Monetary Policy
GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit 
See also Journal Article Real exchange rate convergence: The roles of price stickiness and monetary policy, Journal of Monetary Economics, Elsevier (2019) View citations (20) (2019)
- 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 Discussion Papers, School of Economics and Finance, Massey University, New Zealand (2017) View citations (2) Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (12) Working Papers, Department of Economics, The University of Auckland (2015) View citations (6) NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (21) CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2014) View citations (29) 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 (56) (2018)
- The Uncovered Interest Parity Puzzle, Exchange Rate Forecasting, and Taylor Rules
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
See also Journal Article The uncovered interest parity puzzle, exchange rate forecasting, and Taylor rules, Journal of International Money and Finance, Elsevier (2019) View citations (35) (2019)
2015
- Exchange Rates, Interest Rates, and the Risk Premium
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article Exchange Rates, Interest Rates, and the Risk Premium, American Economic Review, American Economic Association (2016) View citations (157) (2016)
- International Coordination of Central Bank Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
See also Journal Article International coordination of central bank policy, Journal of International Money and Finance, Elsevier (2016) View citations (19) (2016)
- Macroprudential Policy in a World of High Capital Mobility: Policy Implications from an Academic Perspective
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
2013
- Exchange Rates and Interest Parity
NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
See also Chapter Exchange Rates and Interest Parity, Handbook of International Economics, Elsevier (2014) View citations (155) (2014)
2012
- Factor Model Forecasts of Exchange Rates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
See also Journal Article Factor Model Forecasts of Exchange Rates, Econometric Reviews, Taylor & Francis Journals (2015) View citations (83) (2015)
2011
- The Real Exchange Rate, Real Interest Rates, and the Risk Premium
NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
Also in Working Papers, Hong Kong Institute for Monetary Research (2011) View citations (19) Economics Series, Institute for Advanced Studies (2011) View citations (16)
2009
- Can long-horizon forecasts beat the random walk under the Engel-West explanation?
Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (5)
- Currency Misalignments and Optimal Monetary Policy: A Re-examination
RBA Research Discussion Papers, Reserve Bank of Australia View citations (9)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (26)
See also Journal Article Currency Misalignments and Optimal Monetary Policy: A Reexamination, American Economic Review, American Economic Association (2011) View citations (212) (2011)
- International Risk Sharing: Through Equity Diversification or Exchange Rate Hedging?
IMF Working Papers, International Monetary Fund View citations (23)
- The International Diversification Puzzle when Goods Prices Are Sticky: It's Really About Exchange-Rate Hedging, not Equity Portfolios
IMF Working Papers, International Monetary Fund View citations (98)
See also Journal Article The International Diversification Puzzle When Goods Prices Are Sticky: It's Really about Exchange-Rate Hedging, Not Equity Portfolios, American Economic Journal: Macroeconomics, American Economic Association (2009) View citations (121) (2009)
2008
- Can Long Horizon Data Beat Random Walk under Engel-West Explanation?
2008 Meeting Papers, Society for Economic Dynamics View citations (2)
- Expected consumption growth from cross-country surveys: implications for assessing international capital markets
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
See also Journal Article Expected Consumption Growth from Cross-Country Surveys: Implications for Assessing International Capital Markets, IMF Staff Papers, Palgrave Macmillan (2009) View citations (10) (2009)
- International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
2008 Meeting Papers, Society for Economic Dynamics View citations (19)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (28)
See also Journal Article International trade in durable goods: Understanding volatility, cyclicality, and elasticities, Journal of International Economics, Elsevier (2011) View citations (167) (2011)
2007
- Exchange Rate Models Are Not as Bad as You Think
NBER Working Papers, National Bureau of Economic Research, Inc View citations (350)
See also Chapter Exchange Rate Models Are Not as Bad as You Think, NBER Chapters, National Bureau of Economic Research, Inc (2008) View citations (138) (2008)
- Expectations and Exchange Rate Policy
Working Papers, Hong Kong Institute for Monetary Research View citations (3)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (24) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (24)
- International trade in durable goods: understanding volatility, cyclicality, and elastics
Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (6)
2006
- 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)
- Portfolio Choice in a Monetary Open-Economy DSGE Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (105)
Also in IMF Working Papers, International Monetary Fund (2005) View citations (42)
- The U.S. Current Account Deficit and the Expected Share of World Output
NBER Working Papers, National Bureau of Economic Research, Inc View citations (83)
Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) View citations (86) International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2006) View citations (57)
See also Journal Article The U.S. current account deficit and the expected share of world output, Journal of Monetary Economics, Elsevier (2006) View citations (74) (2006)
2005
- Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing
NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
See also Journal Article Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing, Journal of the European Economic Association, MIT Press (2006) View citations (140) (2006)
- The US Current Account Deficit: A Re-examination of the Role of Private Saving
RBA Research Discussion Papers, Reserve Bank of Australia View citations (2)
2004
- Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One
NBER Working Papers, National Bureau of Economic Research, Inc View citations (64)
- Does "Aggregation Bias" Explain the PPP Puzzle?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
- Exchange Rates and Fundamentals
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
Also in Working Paper Series, European Central Bank (2003) View citations (17)
See also Journal Article Exchange Rates and Fundamentals, Journal of Political Economy, University of Chicago Press (2005) View citations (653) (2005)
- On the Relationship between Pass-Through and Sticky Nominal Prices
Working Papers, Hong Kong Institute for Monetary Research View citations (7)
- Some New Variance Bounds for Asset Prices
NBER Working Papers, National Bureau of Economic Research, Inc 
See also Journal Article Some New Variance Bounds for Asset Prices, Journal of Money, Credit and Banking, Blackwell Publishing (2005) View citations (7) (2005)
- Taylor Rules and the Deutschmark-Dollar Real Exchange Rate
NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
See also Journal Article Taylor Rules and the Deutschmark: Dollar Real Exchange Rate, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (153) (2006)
2003
- Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance
NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
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) CERS-IE WORKING PAPERS, Institute of Economics, Centre for Economic and Regional Studies (2003) View citations (29)
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)
- Revisiting the Border: an assessment of the law of one price using very disaggregated consumer price data
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (30)
2002
- Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect
NBER Working Papers, National Bureau of Economic Research, Inc View citations (283)
See also Journal Article Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect, Journal of Monetary Economics, Elsevier (2002) View citations (293) (2002)
- Expenditure Switching and Exchange Rate Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (119)
See also Chapter Expenditure Switching and Exchange-Rate Policy, NBER Chapters, National Bureau of Economic Research, Inc (2003) View citations (27) (2003)
- The Responsiveness of Consumer Prices to Exchange Rates And the Implications for Exchange-Rate Policy: A Survey Of a Few Recent New Open-Economy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
2001
- Currency Unions and International Integration
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (17)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (64)
See also Journal Article Currency Unions and International Integration, Journal of Money, Credit and Banking, Blackwell Publishing (2002) View citations (184) (2002)
- Endogenous Currency of Price Setting in a Dynamic Open Economy Model
NBER Working Papers, National Bureau of Economic Research, Inc View citations (121)
- The Adjustment of Prices and the Adjustment of the Exchange Rate
NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
Also in Working Papers, University of Washington, Department of Economics (2000) View citations (9) Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations (1)
2000
- Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
- Deviations from purchasing power parity: causes and welfare costs
International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations (12) Working Papers, University of Washington, Department of Economics (1999) View citations (5)
See also Journal Article Deviations from purchasing power parity: causes and welfare costs, Journal of International Economics, Elsevier (2001) View citations (140) (2001)
- 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)
- Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibiity
Working Papers, University of Washington, Department of Economics View citations (13)
Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations (13) Working Papers, Hong Kong Institute for Monetary Research (2000) View citations (120) NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (172)
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 (579) (2003)
- Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
Also in Working Papers, University of Washington, Department of Economics (2000) View citations (5) Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations (5)
See also Journal Article Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets, Journal of Money, Credit and Banking, Blackwell Publishing (2001) View citations (18) (2001)
- The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production
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 (8) 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)
- Violating the Law of One Price: Should We Make a Federal Case Out of It?
Working Papers, University of Washington, Department of Economics View citations (4)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1999) View citations (9) NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (11) Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) View citations (5)
See also Journal Article Violating the Law of One Price: Should We Make a Federal Case Out of It?, Journal of Money, Credit and Banking, Blackwell Publishing (2001) View citations (76) (2001)
1999
- 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 Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations (47) Working Papers, University of Washington, Department of Economics (1999) View citations (39)
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)
- Local-Currency Pricing and the Choice of Exchange-Rate Regime
Working Papers, University of Washington, Department of Economics 
Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations (3)
See also Journal Article Local-currency pricing and the choice of exchange-rate regime, European Economic Review, Elsevier (2000) View citations (46) (2000)
- On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models
NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
See also Journal Article On the Foreign Exchange Risk Premium in Sticky-Price General Equilibrium Models, International Tax and Public Finance, Springer (1999) View citations (29) (1999)
1998
- 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)
- Long-Run PPP May Not Hold After All
Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington View citations (10)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (35) Working Papers, University of Washington, Department of Economics (1996) View citations (34) Working Papers, University of Washington, Department of Economics (1998) View citations (5) Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996) View citations (25)
See also Journal Article Long-run PPP may not hold after all, Journal of International Economics, Elsevier (2000) View citations (197) (2000)
- Relative Price Volatility: What Role Does the Border Play?
Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington View citations (16)
Also in Working Papers, University of Washington, Department of Economics (1998) View citations (18) International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (7)
1997
- Intra-National, Intra-Continental, and Intra-Planetary PPP
NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1997) View citations (12)
See also Journal Article Intranational, Intracontinental, and Intraplanetary PPP, Journal of the Japanese and International Economies, Elsevier (1997) View citations (11) (1997)
1996
- A Model of Foreign Exchange Rate Indetermination
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 (1996) View citations (10) NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (10)
- Accounting for U.S. Real Exchange Rate Changes
Working Papers, University of Washington, Department of Economics View citations (64)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (19) Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996)
See also Journal Article Accounting for U.S. Real Exchange Rate Changes, Journal of Political Economy, University of Chicago Press (1999) View citations (520) (1999)
- Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies
Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington View citations (2)
Also in Working Papers, University of Washington, Department of Economics (1996) View citations (6) NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (40) International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (8)
- The Long-Run U.S./U.K. Real Exchange Rate
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
Also in Working Papers, University of Washington, Department of Economics (1996) View citations (2) Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996) View citations (12)
See also Journal Article The Long-Run U.S./U.K. Real Exchange Rate, Journal of Money, Credit and Banking, Blackwell Publishing (1999) View citations (35) (1999)
1995
- How Wide is the Border?
Working Papers, Pennsylvania State - Department of Economics View citations (45)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (19) NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (28) Research Working Paper, Federal Reserve Bank of Kansas City (1995) View citations (41)
See also Journal Article How Wide Is the Border?, American Economic Review, American Economic Association (1996) View citations (797) (1996)
- The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence
NBER Working Papers, National Bureau of Economic Research, Inc View citations (359)
See also Journal Article The forward discount anomaly and the risk premium: A survey of recent evidence, Journal of Empirical Finance, Elsevier (1996) View citations (740) (1996)
- Why is the Foreward Exchange Rate Forecast Based? A Survey of Recent Evidence
Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington View citations (1)
Also in Working Papers, University of Washington, Department of Economics (1995) View citations (8) Research Working Paper, Federal Reserve Bank of Kansas City (1995) View citations (10)
1994
- Relative Returns on Equities in Pacific Basin Countries
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Journal Article Relative returns on equities in Pacific Basin countries, Proceedings, Federal Reserve Bank of San Francisco (1992) View citations (1) (1992)
- The Distribution of Exchange Rates in the EMS
NBER Working Papers, National Bureau of Economic Research, Inc View citations (48)
Also in Research Working Paper, Federal Reserve Bank of Kansas City (1994) View citations (18)
See also Journal Article The Distribution of Exchange Rates in the EMS, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1996) View citations (56) (1996)
1993
- Tests of CAPM on an International Portfolio of Bonds and Stocks
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
See also Chapter Tests of CAPM on an International Portfolio of Bonds and Stocks, NBER Chapters, National Bureau of Economic Research, Inc (1994) View citations (16) (1994)
- The Constrained Asset Share Estimation (CASE) Method: Testing Mean-Variance Efficiency of the U.S. Stock Market
NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
Also in Economics Working Papers, University of California at Berkeley (1990) View citations (2) Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1990) View citations (1)
1992
- Can the Markov Switching Model Forecast Exchange Rates?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (122)
Also in Research Working Paper, Federal Reserve Bank of Kansas City (1991) View citations (5)
See also Journal Article Can the Markov switching model forecast exchange rates?, Journal of International Economics, Elsevier (1994) View citations (255) (1994)
- Distribution of Rents and Growth
Working Papers, Yale - Economic Growth Center View citations (3)
Also in Working Papers, University of Washington, Department of Economics (1992) View citations (2) Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1992) View citations (2)
- Real Exchange Rates and Relative Prices: An Empirical Investigation
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article Real exchange rates and relative prices: An empirical investigation, Journal of Monetary Economics, Elsevier (1993) View citations (266) (1993)
- Tests of mean-variance efficiency of international equity markets
Research Paper, Federal Reserve Bank of New York View citations (6)
Also in Research Working Paper, Federal Reserve Bank of Kansas City (1990) View citations (1)
See also Journal Article Tests of Mean-Variance Efficiency of International Equity Markets, Oxford Economic Papers, Oxford University Press (1993) View citations (10) (1993)
1991
- Is real exchange rate variability caused by relative price changes? An empirical investigation
Research Working Paper, Federal Reserve Bank of Kansas City View citations (10)
1990
- On the foreign exchange risk premium in a general equilibrium model
Research Working Paper, Federal Reserve Bank of Kansas City View citations (9)
See also Journal Article On the foreign exchange risk premium in a general equilibrium model, Journal of International Economics, Elsevier (1992) View citations (50) (1992)
- The risk premium and the liquidity premium in foreign exchange markets
Research Working Paper, Federal Reserve Bank of Kansas City
See also Journal Article The Risk Premium and the Liquidity Premium in Foreign Exchange Markets, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1992) View citations (12) (1992)
1989
- Conditional Mean-Variance Efficiency of the U.S. Stock Market
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
Also in Research Paper, Federal Reserve Bank of New York (1989) View citations (3)
- Long Swings in the Exchange Rate: Are they in the Data and Do Markets Know It?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
1988
- A test of international CAPM
Research Paper, Federal Reserve Bank of New York View citations (1)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1986)
- TARIFFS AND SAVING IN A MODEL WITH NEW FAMILIES
Working Papers, Yale - Economic Growth Center View citations (1)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1988)
1987
- Saving and Investment in an Open Economy with Non-Traded Goods
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
See also Journal Article Saving and Investment in an Open Economy with Non-traded Goods, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1989) View citations (48) (1989)
- Tests of International CAPM with Time-Varying Covariances
NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
See also Journal Article Tests of International CAPM with Time-Varying Covariances, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (1989) View citations (93) (1989)
- The Real Effects of Foreign Inflation in the Presence of Currency Substitution
NBER Working Papers, National Bureau of Economic Research, Inc
- Trade Policy under Endogenous Credibility
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article Trade policy under endogenous credibility, Journal of Development Economics, Elsevier (1991) View citations (5) (1991)
1986
- International Borrowing to Finance Investment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
- Tariffs, Saving and the Current Account
NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
1982
- Do Asset-Demand Functions Optimize over the Mean and Variance of Real Returns? A Six-Currency Test
NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
See also Journal Article Do asset-demand functions optimize over the mean and variance of real returns? A six-currency test, Journal of International Economics, Elsevier (1984) View citations (76) (1984)
- Why Money Announcements Move Interest Rates: An Answer from the Foreign Exchange Market
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
See also Journal Article Why money announcements move interest rates: an answer from the foreign exchange market, Proceedings, Federal Reserve Bank of San Francisco (1982) View citations (9) (1982)
Journal Articles
2023
- Forecasting the U.S. Dollar in the 21st Century
Journal of International Economics, 2023, 141, (C) View citations (8)
See also Working Paper Forecasting the U.S. Dollar in the 21st Century, NBER Working Papers (2021) View citations (1) (2021)
- Liquidity and Exchange Rates: An Empirical Investigation
The Review of Economic Studies, 2023, 90, (5), 2395-2438 View citations (2)
See also Working Paper Liquidity and Exchange Rates: An Empirical Investigation, University of California at San Diego, Economics Working Paper Series (2023) View citations (5) (2023)
2022
- A reconsideration of the failure of uncovered interest parity for the U.S. dollar
Journal of International Economics, 2022, 136, (C) View citations (12)
See also Working Paper A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar, CEPR Discussion Papers (2021) View citations (4) (2021) Chapter A Reconsideration of the Failure of Uncovered Interest Parity for the US Dollar, NBER Chapters, 2021 (2021) View citations (3) (2021)
- Debauchery and Original Sin: The Currency Composition of Sovereign Debt
Journal of the European Economic Association, 2022, 20, (3), 1095-1144 View citations (11)
See also Working Paper Debauchery and Original Sin: The Currency Composition of Sovereign Debt, NBER Working Papers (2018) View citations (34) (2018)
2020
- Implementable Rules for International Monetary Policy Coordination
IMF Economic Review, 2020, 68, (1), 108-162 View citations (10)
- Safe U.S. Assets and U.S. Capital Flows
Journal of International Money and Finance, 2020, 102, (C) 
See also Working Paper Safe U.S. Assets and U.S. Capital Flows, GRU Working Paper Series (2019) (2019)
2019
- Real exchange rate convergence: The roles of price stickiness and monetary policy
Journal of Monetary Economics, 2019, 103, (C), 21-32 View citations (20)
See also Working Paper Real Exchange Rate Convergence: The Roles of Price Stickiness and Monetary Policy, GRU Working Paper Series (2017) (2017)
- The uncovered interest parity puzzle, exchange rate forecasting, and Taylor rules
Journal of International Money and Finance, 2019, 95, (C), 317-331 View citations (35)
See also Working Paper The Uncovered Interest Parity Puzzle, Exchange Rate Forecasting, and Taylor Rules, NBER Working Papers (2017) View citations (3) (2017)
2018
- Real Exchange Rates and Sectoral Productivity in the Eurozone
American Economic Review, 2018, 108, (6), 1543-81 View citations (56)
See also Working Paper Real Exchange Rates and Sectoral Productivity in the Eurozone, GRU Working Paper Series (2017) (2017)
2016
- Exchange Rates, Interest Rates, and the Risk Premium
American Economic Review, 2016, 106, (2), 436-74 View citations (157)
See also Working Paper Exchange Rates, Interest Rates, and the Risk Premium, NBER Working Papers (2015) View citations (4) (2015)
- International coordination of central bank policy
Journal of International Money and Finance, 2016, 67, (C), 13-24 View citations (19)
See also Working Paper International Coordination of Central Bank Policy, NBER Working Papers (2015) View citations (8) (2015)
- Macroprudential policy under high capital mobility: policy implications from an academic perspective
Journal of the Japanese and International Economies, 2016, 42, (C), 162-172 View citations (28)
See also Chapter Macroprudential Policy under High Capital Mobility: Policy Implications from an Academic Perspective, NBER Chapters, 2015 (2015) View citations (8) (2015)
- Policy Cooperation, Incomplete Markets, and Risk Sharing
IMF Economic Review, 2016, 64, (1), 103-133 View citations (9)
2015
- Factor Model Forecasts of Exchange Rates
Econometric Reviews, 2015, 34, (1-2), 32-55 View citations (83)
See also Working Paper Factor Model Forecasts of Exchange Rates, NBER Working Papers (2012) View citations (20) (2012)
2014
- Exchange Rate Stabilization and Welfare
Annual Review of Economics, 2014, 6, (1), 155-177 View citations (27)
2012
- Comment
NBER Macroeconomics Annual, 2012, 26, (1), 310 - 314
- Comment
NBER International Seminar on Macroeconomics, 2012, 8, (1), 87 - 89
- Real Exchange Rate Adjustment in and out of the Eurozone
American Economic Review, 2012, 102, (3), 179-85 View citations (56)
2011
- Currency Misalignments and Optimal Monetary Policy: A Reexamination
American Economic Review, 2011, 101, (6), 2796-2822 View citations (212)
See also Working Paper Currency Misalignments and Optimal Monetary Policy: A Re-examination, RBA Research Discussion Papers (2009) View citations (9) (2009)
- International trade in durable goods: Understanding volatility, cyclicality, and elasticities
Journal of International Economics, 2011, 83, (1), 37-52 View citations (167)
See also Working Paper International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities, 2008 Meeting Papers (2008) View citations (19) (2008)
2010
- Global Interest Rates, Currency Returns, and the Real Value of the Dollar
American Economic Review, 2010, 100, (2), 562-67 View citations (35)
- JIE special issue on international macro-finance
Journal of International Economics, 2010, 80, (1), 1-2 View citations (1)
2009
- Comment
NBER International Seminar on Macroeconomics, 2009, 5, (1), 194 - 196
- Exchange rate policies
Staff Papers, 2009, (Nov) View citations (2)
See also Chapter Exchange rate policies, BIS Papers chapters, 2010, 52, 229-250 (2010) View citations (15) (2010)
- Expected Consumption Growth from Cross-Country Surveys: Implications for Assessing International Capital Markets
IMF Staff Papers, 2009, 56, (3), 543-573 View citations (10)
See also Working Paper Expected consumption growth from cross-country surveys: implications for assessing international capital markets, International Finance Discussion Papers (2008) View citations (2) (2008)
- Pass-Through, Exchange Rates, and Monetary Policy
Journal of Money, Credit and Banking, 2009, 41, (s1), 177-185 View citations (3)
Also in Journal of Money, Credit and Banking, 2009, 41, (s1), 177-185 (2009) View citations (1)
- The International Diversification Puzzle When Goods Prices Are Sticky: It's Really about Exchange-Rate Hedging, Not Equity Portfolios
American Economic Journal: Macroeconomics, 2009, 1, (2), 155-88 View citations (121)
See also Working Paper The International Diversification Puzzle when Goods Prices Are Sticky: It's Really About Exchange-Rate Hedging, not Equity Portfolios, IMF Working Papers (2009) View citations (98) (2009)
2008
- On the record: making sense of today's globalized economy
Southwest Economy, 2008, (Sep), 8-9
- The Bhagwati Award
Journal of International Economics, 2008, 74, (1), 1-(null)
2007
- 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)
- 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)
2006
- Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing
Journal of the European Economic Association, 2006, 4, (6), 1249-1260 View citations (140)
See also Working Paper Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing, NBER Working Papers (2005) View citations (18) (2005)
- Taylor Rules and the Deutschmark: Dollar Real Exchange Rate
Journal of Money, Credit and Banking, 2006, 38, (5), 1175-1194 View citations (153)
See also Working Paper Taylor Rules and the Deutschmark-Dollar Real Exchange Rate, NBER Working Papers (2004) View citations (10) (2004)
- The U.S. current account deficit and the expected share of world output
Journal of Monetary Economics, 2006, 53, (5), 1063-1093 View citations (74)
Also in Proceedings, 2006, (Jun) (2006) View citations (73)
See also Working Paper The U.S. Current Account Deficit and the Expected Share of World Output, NBER Working Papers (2006) View citations (83) (2006)
2005
- Exchange Rates and Fundamentals
Journal of Political Economy, 2005, 113, (3), 485-517 View citations (653)
Also in Proceedings, 2003, (Mar) (2003) View citations (24)
See also Working Paper Exchange Rates and Fundamentals, NBER Working Papers (2004) View citations (13) (2004)
- Some New Variance Bounds for Asset Prices
Journal of Money, Credit and Banking, 2005, 37, (5), 949-55 View citations (7)
See also Working Paper Some New Variance Bounds for Asset Prices, NBER Working Papers (2004) (2004)
- Trade Invoicing in the Accession Countries: Are They Suited to the Euro? [with Comments]
NBER International Seminar on Macroeconomics, 2005, 2005, (1), 357 - 402 View citations (1)
2004
- Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1
American Economic Review, 2004, 94, (2), 119-125 View citations (62)
- 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, NBER Working Papers (2003) View citations (39) (2003)
- European product market integration after the euro
(The law of one price in Scandinavian duty-free stores)
Economic Policy, 2004, 19, (39), 348-384 View citations (131)
2003
- Empirical exchange rate models
Journal of International Economics, 2003, 60, (1), 1-2 View citations (5)
- 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)
- 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 (579)
See also Working Paper Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibiity, Working Papers (2000) View citations (13) (2000)
2002
- Currency Unions and International Integration
Journal of Money, Credit and Banking, 2002, 34, (4), 1067-89 View citations (184)
See also Working Paper Currency Unions and International Integration, CEPR Discussion Papers (2001) View citations (17) (2001)
- Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect
Journal of Monetary Economics, 2002, 49, (5), 913-940 View citations (293)
See also Working Paper Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect, NBER Working Papers (2002) View citations (283) (2002)
- The Responsiveness of Consumer Prices to Exchange Rates: A Synthesis Of Some New Open Economy Macro Models
Manchester School, 2002, 70, (S1), 1-15 View citations (64)
2001
- Deviations from purchasing power parity: causes and welfare costs
Journal of International Economics, 2001, 55, (1), 29-57 View citations (140)
See also Working Paper Deviations from purchasing power parity: causes and welfare costs, International Finance Discussion Papers (2000) View citations (2) (2000)
- Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
Journal of Money, Credit and Banking, 2001, 33, (2), 518-41 View citations (18)
Also in Proceedings, 2001, 518-547 (2001) View citations (17)
See also Working Paper Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets, NBER Working Papers (2000) View citations (7) (2000)
- Violating the Law of One Price: Should We Make a Federal Case Out of It?
Journal of Money, Credit and Banking, 2001, 33, (1), 1-15 View citations (76)
See also Working Paper Violating the Law of One Price: Should We Make a Federal Case Out of It?, Working Papers (2000) View citations (4) (2000)
2000
- Local-currency pricing and the choice of exchange-rate regime
European Economic Review, 2000, 44, (8), 1449-1472 View citations (46)
See also Working Paper Local-Currency Pricing and the Choice of Exchange-Rate Regime, Working Papers (1999) (1999)
- Long-run PPP may not hold after all
Journal of International Economics, 2000, 51, (2), 243-273 View citations (197)
See also Working Paper Long-Run PPP May Not Hold After All, Discussion Papers in Economics at the University of Washington (1998) View citations (10) (1998)
1999
- Accounting for U.S. Real Exchange Rate Changes
Journal of Political Economy, 1999, 107, (3), 507-538 View citations (520)
See also Working Paper Accounting for U.S. Real Exchange Rate Changes, Working Papers (1996) View citations (64) (1996)
- Are we globalized yet?
FRBSF Economic Letter, 1999, (nov19)
- On the Foreign Exchange Risk Premium in Sticky-Price General Equilibrium Models
International Tax and Public Finance, 1999, 6, (4), 491-505 View citations (29)
See also Working Paper On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models, NBER Working Papers (1999) View citations (23) (1999)
- The Long-Run U.S./U.K. Real Exchange Rate
Journal of Money, Credit and Banking, 1999, 31, (3), 335-56 View citations (35)
See also Working Paper The Long-Run U.S./U.K. Real Exchange Rate, NBER Working Papers (1996) View citations (1) (1996)
1998
- Rent Sharing, Aggregate Saving, and Growth
Review of Development Economics, 1998, 2, (2), 107-122
1997
- Intranational, Intracontinental, and Intraplanetary PPP
Journal of the Japanese and International Economies, 1997, 11, (4), 480-501 View citations (11)
See also Working Paper Intra-National, Intra-Continental, and Intra-Planetary PPP, NBER Working Papers (1997) View citations (29) (1997)
1996
- A note on cointegration and international capital market efficiency
Journal of International Money and Finance, 1996, 15, (4), 657-660 View citations (36)
- How Wide Is the Border?
American Economic Review, 1996, 86, (5), 1112-25 View citations (797)
See also Working Paper How Wide is the Border?, Working Papers (1995) View citations (45) (1995)
- The Distribution of Exchange Rates in the EMS
International Journal of Finance & Economics, 1996, 1, (1), 55-67 View citations (56)
See also Working Paper The Distribution of Exchange Rates in the EMS, NBER Working Papers (1994) View citations (48) (1994)
- The forward discount anomaly and the risk premium: A survey of recent evidence
Journal of Empirical Finance, 1996, 3, (2), 123-192 View citations (740)
See also Working Paper The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence, NBER Working Papers (1995) View citations (359) (1995)
1995
- Tests of conditional mean-variance efficiency of the U.S. stock market
Journal of Empirical Finance, 1995, 2, (1), 3-18 View citations (10)
1994
- Can the Markov switching model forecast exchange rates?
Journal of International Economics, 1994, 36, (1-2), 151-165 View citations (255)
See also Working Paper Can the Markov Switching Model Forecast Exchange Rates?, NBER Working Papers (1992) View citations (122) (1992)
1993
- Exchange rate regimes and volatility
Economic Review, 1993, 78, (Q III), 43-58 View citations (12)
- Real exchange rates and relative prices: An empirical investigation
Journal of Monetary Economics, 1993, 32, (1), 35-50 View citations (266)
See also Working Paper Real Exchange Rates and Relative Prices: An Empirical Investigation, NBER Working Papers (1992) View citations (2) (1992)
- Tests of Mean-Variance Efficiency of International Equity Markets
Oxford Economic Papers, 1993, 45, (3), 403-21 View citations (10)
See also Working Paper Tests of mean-variance efficiency of international equity markets, Research Paper (1992) View citations (6) (1992)
1992
- On the foreign exchange risk premium in a general equilibrium model
Journal of International Economics, 1992, 32, (3-4), 305-319 View citations (50)
See also Working Paper On the foreign exchange risk premium in a general equilibrium model, Research Working Paper (1990) View citations (9) (1990)
- Relative returns on equities in Pacific Basin countries
Proceedings, 1992, (Sep) View citations (1)
Also in Proceedings, 1992, 48-67 (1992) View citations (1)
See also Working Paper Relative Returns on Equities in Pacific Basin Countries, NBER Working Papers (1994) View citations (4) (1994)
- The Risk Premium and the Liquidity Premium in Foreign Exchange Markets
International Economic Review, 1992, 33, (4), 871-79 View citations (12)
See also Working Paper The risk premium and the liquidity premium in foreign exchange markets, Research Working Paper (1990) (1990)
1991
- Challenges to stock market efficiency: evidence from mean reversion studies
Economic Review, 1991, 76, (Sep), 21-35 View citations (6)
- Trade policy under endogenous credibility
Journal of Development Economics, 1991, 36, (2), 213-228 View citations (5)
See also Working Paper Trade Policy under Endogenous Credibility, NBER Working Papers (1987) View citations (2) (1987)
1990
- Long Swings in the Dollar: Are They in the Data and Do Markets Know It?
American Economic Review, 1990, 80, (4), 689-713 View citations (630)
- Tariffs and saving in a model with new generations
Journal of International Economics, 1990, 28, (1-2), 71-91 View citations (25)
1989
- Saving and Investment in an Open Economy with Non-traded Goods
International Economic Review, 1989, 30, (4), 735-52 View citations (48)
See also Working Paper Saving and Investment in an Open Economy with Non-Traded Goods, NBER Working Papers (1987) View citations (8) (1987)
- Tests of International CAPM with Time-Varying Covariances
Journal of Applied Econometrics, 1989, 4, (2), 119-38 View citations (93)
See also Working Paper Tests of International CAPM with Time-Varying Covariances, NBER Working Papers (1987) View citations (7) (1987)
- The trade balance and real exchange rate under currency substitution
Journal of International Money and Finance, 1989, 8, (1), 47-58 View citations (6)
1986
- On the correlation of exchange rates and interest rates
Journal of International Money and Finance, 1986, 5, (1), 125-128 View citations (7)
- The International Monetary System: Forty years after Bretton Woods: Review essay
Journal of Monetary Economics, 1986, 17, (3), 441-448
1985
- Exchange Rate Dynamics, Sticky Prices and the Current Account
Journal of Money, Credit and Banking, 1985, 17, (3), 312-27 View citations (8)
1984
- Do asset-demand functions optimize over the mean and variance of real returns? A six-currency test
Journal of International Economics, 1984, 17, (3-4), 309-323 View citations (76)
See also Working Paper Do Asset-Demand Functions Optimize over the Mean and Variance of Real Returns? A Six-Currency Test, NBER Working Papers (1982) View citations (3) (1982)
- Testing for the absence of expected real profits from forward market speculation
Journal of International Economics, 1984, 17, (3-4), 299-308 View citations (26)
- The secular inflation term in open-economy Phillips curves
European Economic Review, 1984, 24, (2), 161-164 View citations (2)
1982
- Why money announcements move interest rates: an answer from the foreign exchange market
Proceedings, 1982, (6), 1-36 View citations (9)
See also Working Paper Why Money Announcements Move Interest Rates: An Answer from the Foreign Exchange Market, NBER Working Papers (1982) View citations (14) (1982)
Books
2018
- NBER International Seminar on Macroeconomics 2017
NBER Books, National Bureau of Economic Research, Inc
2012
- Global Financial Crisis
NBER Books, National Bureau of Economic Research, Inc View citations (97)
Chapters
2021
- A Reconsideration of the Failure of Uncovered Interest Parity for the US Dollar
A chapter in NBER International Seminar on Macroeconomics 2021, 2021 View citations (3)
See also Journal Article A reconsideration of the failure of uncovered interest parity for the U.S. dollar, Elsevier (2022) View citations (12) (2022) Working Paper A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar, C.E.P.R. Discussion Papers (2021) View citations (4) (2021)
2020
- Comments on “Digital Money: Private versus Public”
Chapter 7 in DIGITAL CURRENCY ECONOMICS AND POLICY, 2020, pp 51-54
- Lessons for Cryptocurrencies from Foreign Exchange Markets
Chapter 8 in DIGITAL CURRENCY ECONOMICS AND POLICY, 2020, pp 55-78
2018
- Revisiting exchange rate puzzles
A chapter in The price, real and financial effects of exchange rates, 2018, vol. 96, pp 3-11
2015
- Macroprudential Policy under High Capital Mobility: Policy Implications from an Academic Perspective
A chapter in International Finance in the Global Markets, 2015 View citations (8)
See also Journal Article Macroprudential policy under high capital mobility: policy implications from an academic perspective, Elsevier (2016) View citations (28) (2016)
2014
- Exchange Rates and Interest Parity
Elsevier View citations (155)
See also Working Paper Exchange Rates and Interest Parity, National Bureau of Economic Research, Inc (2013) View citations (35) (2013)
2013
- Inflation and globalisation: a modelling perspective
A chapter in Globalisation and inflation dynamics in Asia and the Pacific, 2013, vol. 70, pp 99-108 View citations (8)
2012
- Capital controls: what have we learned?
A chapter in Challenges related to capital flows: Latin American perspectives, 2012, vol. 68, pp 22-26 View citations (2)
2011
- Comment on "Firm Heterogeneity, Endogenous Entry, and the Business Cycle"
A chapter in NBER International Seminar on Macroeconomics 2011, 2011, pp 87-89 View citations (1)
- Comment on "Risk, Monetary Policy and the Exchange Rate"
A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 310-314
2010
- Exchange rate policies
A chapter in The international financial crisis and policy challenges in Asia and the Pacific, 2010, vol. 52, pp 229-250 View citations (15)
See also Journal Article Exchange rate policies, Federal Reserve Bank of Dallas (2009) View citations (2) (2009)
2009
- Comment on "Real Variables, Nonlinearity, and European Real Exchange Rates"
A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 194-196
- 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)
2008
- Exchange Rate Models Are Not as Bad as You Think
A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 381-441 View citations (138)
See also Working Paper Exchange Rate Models Are Not as Bad as You Think, National Bureau of Economic Research, Inc (2007) View citations (350) (2007)
2005
- Comment on "Trade Invoicing in the Accession Countries: Are They Suited to the Euro?"
A chapter in NBER International Seminar on Macroeconomics 2005, 2005, pp 394-398 View citations (1)
2003
- Expenditure Switching and Exchange-Rate Policy
A chapter in NBER Macroeconomics Annual 2002, Volume 17, 2003, pp 231-300 View citations (27)
See also Working Paper Expenditure Switching and Exchange Rate Policy, National Bureau of Economic Research, Inc (2002) View citations (119) (2002)
2001
- 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, Department of Economics at the University of Washington (2000) View citations (13) (2000)
1998
- Regional Patterns in the Law of One Price: The Roles of Geography versus Currencies
A chapter in The Regionalization of the World Economy, 1998, pp 153-188 View citations (34)
1994
- Tests of CAPM on an International Portfolio of Bonds and Stocks
A chapter in The Internationalization of Equity Markets, 1994, pp 149-183 View citations (16)
See also Working Paper Tests of CAPM on an International Portfolio of Bonds and Stocks, National Bureau of Economic Research, Inc (1993) View citations (4) (1993)
Editor
- Journal of International Economics
Elsevier
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