EconPapers    
Economics at your fingertips  
 

Details about Charles Engel

Workplace:Economics Department, University of Wisconsin-Madison, (more information at EDIRC)

Access statistics for papers by Charles Engel.

Last updated 2024-03-06. Update your information in the RePEc Author Service.

Short-id: pen14


Jump to Journal Articles Books Chapters Editor

Working Papers

2023

  1. Collateral Advantage: Exchange Rates, Capital Flows and Global Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. Liquidity and Exchange Rates: An Empirical Investigation
    University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego Downloads View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) Downloads View citations (38)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (43)

    See also Journal Article Liquidity and Exchange Rates: An Empirical Investigation, The Review of Economic Studies, Review of Economic Studies Ltd (2023) Downloads (2023)

2022

  1. Scrambling for Dollars: International Liquidity, Banks and Exchange Rates
    Working Papers, Peruvian Economic Association Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads
    Working Papers, Federal Reserve Bank of Minneapolis (2021) Downloads View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2021) Downloads View citations (11)

2021

  1. A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads View citations (2)

    See also Journal Article A reconsideration of the failure of uncovered interest parity for the U.S. dollar, Journal of International Economics, Elsevier (2022) Downloads View citations (4) (2022)
    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 (1) (2021)
  2. Forecasting the U.S. Dollar in the 21st Century
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads View citations (1)

    See also Journal Article Forecasting the U.S. Dollar in the 21st Century, Journal of International Economics, Elsevier (2023) Downloads View citations (4) (2023)

2019

  1. Exchange rate puzzles: evidence from rigidly fixed nominal exchange rate systems
    BIS Working Papers, Bank for International Settlements Downloads View citations (7)
  2. 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 Downloads
    See also Journal Article Safe U.S. Assets and U.S. Capital Flows, Journal of International Money and Finance, Elsevier (2020) Downloads (2020)

2018

  1. Debauchery and Original Sin: The Currency Composition of Sovereign Debt
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (33)
    2017 Meeting Papers, Society for Economic Dynamics (2017) Downloads 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) Downloads View citations (6) (2022)

2017

  1. 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 Downloads
    See also Journal Article Real exchange rate convergence: The roles of price stickiness and monetary policy, Journal of Monetary Economics, Elsevier (2019) Downloads View citations (18) (2019)
  2. Real Exchange Rates and Sectoral Productivity in the Eurozone
    Discussion Papers, School of Economics and Finance, Massey University, New Zealand Downloads View citations (2)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit (2017) Downloads
    Working Papers, Department of Economics, The University of Auckland (2015) Downloads View citations (6)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) Downloads View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads View citations (21)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (21)
    Working Papers, New Zealand Centre of Macroeconomics (2017) Downloads View citations (2)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2014) Downloads View citations (29)

    See also Journal Article Real Exchange Rates and Sectoral Productivity in the Eurozone, American Economic Review, American Economic Association (2018) Downloads View citations (52) (2018)
  3. The Uncovered Interest Parity Puzzle, Exchange Rate Forecasting, and Taylor Rules
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (33) (2019)

2015

  1. Exchange Rates, Interest Rates, and the Risk Premium
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article Exchange Rates, Interest Rates, and the Risk Premium, American Economic Review, American Economic Association (2016) Downloads View citations (143) (2016)
  2. International Coordination of Central Bank Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    See also Journal Article International coordination of central bank policy, Journal of International Money and Finance, Elsevier (2016) Downloads View citations (18) (2016)
  3. Macroprudential Policy in a World of High Capital Mobility: Policy Implications from an Academic Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)

2013

  1. Exchange Rates and Interest Parity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (35)
    See also Chapter Exchange Rates and Interest Parity, Handbook of International Economics, Elsevier (2014) Downloads View citations (137) (2014)

2012

  1. Factor Model Forecasts of Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    See also Journal Article Factor Model Forecasts of Exchange Rates, Econometric Reviews, Taylor & Francis Journals (2015) Downloads View citations (81) (2015)

2011

  1. The Real Exchange Rate, Real Interest Rates, and the Risk Premium
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    Also in Economics Series, Institute for Advanced Studies (2011) Downloads View citations (16)
    Working Papers, Hong Kong Institute for Monetary Research (2011) Downloads View citations (19)

2009

  1. Can long-horizon forecasts beat the random walk under the Engel-West explanation?
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas Downloads View citations (5)
  2. Currency Misalignments and Optimal Monetary Policy: A Re-examination
    RBA Research Discussion Papers, Reserve Bank of Australia Downloads View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (26)

    See also Journal Article Currency Misalignments and Optimal Monetary Policy: A Reexamination, American Economic Review, American Economic Association (2011) Downloads View citations (206) (2011)
  3. International Risk Sharing: Through Equity Diversification or Exchange Rate Hedging?
    IMF Working Papers, International Monetary Fund Downloads View citations (23)
  4. 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 Downloads View citations (78)
    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) Downloads View citations (119) (2009)

2008

  1. Can Long Horizon Data Beat Random Walk under Engel-West Explanation?
    2008 Meeting Papers, Society for Economic Dynamics View citations (2)
  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.) Downloads 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) Downloads View citations (10) (2009)
  3. International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) Downloads View citations (19)

    See also Journal Article International trade in durable goods: Understanding volatility, cyclicality, and elasticities, Journal of International Economics, Elsevier (2011) Downloads View citations (165) (2011)

2007

  1. Exchange Rate Models Are Not as Bad as You Think
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (345)
    See also Chapter Exchange Rate Models Are Not as Bad as You Think, NBER Chapters, National Bureau of Economic Research, Inc (2008) Downloads View citations (138) (2008)
  2. Expectations and Exchange Rate Policy
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (23)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (23)
  3. International trade in durable goods: understanding volatility, cyclicality, and elastics
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas Downloads View citations (6)

2006

  1. Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2005) Downloads View citations (4)
    Working Paper Series, European Central Bank (2006) Downloads View citations (12)
  2. Portfolio Choice in a Monetary Open-Economy DSGE Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (105)
    Also in IMF Working Papers, International Monetary Fund (2005) Downloads View citations (42)
  3. The U.S. Current Account Deficit and the Expected Share of World Output
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (82)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) Downloads View citations (84)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2006) Downloads View citations (56)

    See also Journal Article The U.S. current account deficit and the expected share of world output, Proceedings, Federal Reserve Bank of San Francisco (2006) Downloads View citations (64) (2006)

2005

  1. 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 Downloads 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) Downloads View citations (131) (2006)
  2. The US Current Account Deficit: A Re-examination of the Role of Private Saving
    RBA Research Discussion Papers, Reserve Bank of Australia Downloads View citations (2)

2004

  1. 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 Downloads View citations (63)
  2. Does "Aggregation Bias" Explain the PPP Puzzle?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
  3. Exchange Rates and Fundamentals
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in Working Paper Series, European Central Bank (2003) Downloads View citations (18)

    See also Journal Article Exchange Rates and Fundamentals, Journal of Political Economy, University of Chicago Press (2005) Downloads View citations (632) (2005)
  4. On the Relationship between Pass-Through and Sticky Nominal Prices
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (7)
  5. Some New Variance Bounds for Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article Some New Variance Bounds for Asset Prices, Journal of Money, Credit and Banking, Blackwell Publishing (2005) View citations (7) (2005)
  6. Taylor Rules and the Deutschmark-Dollar Real Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (152) (2006)

2003

  1. 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 Downloads View citations (29)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) Downloads View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (39)
    Working Papers, Hong Kong Institute for Monetary Research (2002) Downloads View citations (11)

    See also Journal Article Endogenous exchange rate pass-through when nominal prices are set in advance, Journal of International Economics, Elsevier (2004) Downloads View citations (243) (2004)
  2. 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.) Downloads View citations (30)

2002

  1. Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (280)
    See also Journal Article Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect, Journal of Monetary Economics, Elsevier (2002) Downloads View citations (289) (2002)
  2. Expenditure Switching and Exchange Rate Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (119)
    See also Chapter Expenditure Switching and Exchange-Rate Policy, NBER Chapters, National Bureau of Economic Research, Inc (2003) Downloads View citations (27) (2003)
  3. 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 Downloads View citations (72)

2001

  1. Currency Unions and International Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (64)

    See also Journal Article Currency Unions and International Integration, Journal of Money, Credit and Banking, Blackwell Publishing (2002) View citations (183) (2002)
  2. Endogenous Currency of Price Setting in a Dynamic Open Economy Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (122)
  3. The Adjustment of Prices and the Adjustment of the Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (57)
    Also in Working Papers, University of Washington, Department of Economics (2000) Downloads View citations (9)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) Downloads View citations (1)

2000

  1. 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 Downloads View citations (12)
  2. Deviations from purchasing power parity: causes and welfare costs
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (2)
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) Downloads View citations (12)
    Working Papers, University of Washington, Department of Economics (1999) Downloads View citations (5)

    See also Journal Article Deviations from purchasing power parity: causes and welfare costs, Journal of International Economics, Elsevier (2001) Downloads View citations (139) (2001)
  3. Monetary Policy In The Open Economy Revisited: Price Setting Rules And Exchange Rate Flexibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (112)
  4. Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibiity
    Working Papers, University of Washington, Department of Economics Downloads View citations (12)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2000) Downloads View citations (121)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) Downloads View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads 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) Downloads View citations (570) (2003)
  5. Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in Working Papers, University of Washington, Department of Economics (2000) Downloads View citations (4)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) Downloads 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 (17) (2001)
  6. 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 Downloads View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (31)
    Working Papers, University of Washington, Department of Economics (2000) Downloads View citations (8)

    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) Downloads View citations (7) (2001)
  7. Violating the Law of One Price: Should We Make a Federal Case Out of It?
    Working Papers, University of Washington, Department of Economics Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (11)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1999) Downloads View citations (9)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (2000) Downloads 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 (72) (2001)

1999

  1. Exchange Rate Pass-Through and the Welfare Effects of the Euro
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (39)
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) Downloads View citations (46)
    Working Papers, University of Washington, Department of Economics (1999) Downloads View citations (38)

    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) Downloads View citations (82) (2003)
  2. Local-Currency Pricing and the Choice of Exchange-Rate Regime
    Working Papers, University of Washington, Department of Economics Downloads
    Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) Downloads View citations (3)

    See also Journal Article Local-currency pricing and the choice of exchange-rate regime, European Economic Review, Elsevier (2000) Downloads View citations (46) (2000)
  3. On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (29) (1999)

1998

  1. 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 Downloads View citations (167)
  2. 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 Downloads View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (35)
    Working Papers, University of Washington, Department of Economics (1998) Downloads View citations (5)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996) View citations (25)
    Working Papers, University of Washington, Department of Economics (1996) View citations (34)

    See also Journal Article Long-run PPP may not hold after all, Journal of International Economics, Elsevier (2000) Downloads View citations (197) (2000)
  3. Relative Price Volatility: What Role Does the Border Play?
    Working Papers, University of Washington, Department of Economics Downloads View citations (18)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1998) Downloads View citations (7)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1998) Downloads View citations (16)

1997

  1. Intra-National, Intra-Continental, and Intra-Planetary PPP
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (29)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1997) Downloads View citations (12)

    See also Journal Article Intranational, Intracontinental, and Intraplanetary PPP, Journal of the Japanese and International Economies, Elsevier (1997) Downloads View citations (11) (1997)

1996

  1. A Model of Foreign Exchange Rate Indetermination
    Working Papers, University of Washington, Department of Economics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (10)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1996) View citations (10)
  2. Accounting for U.S. Real Exchange Rate Changes
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington
    Also in Working Papers, University of Washington, Department of Economics (1996) View citations (64)
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (19)

    See also Journal Article Accounting for U.S. Real Exchange Rate Changes, Journal of Political Economy, University of Chicago Press (1999) Downloads View citations (513) (1999)
  3. 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 International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1996) Downloads View citations (8)
    Working Papers, University of Washington, Department of Economics (1996) View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (1995) Downloads View citations (40)
  4. The Long-Run U.S./U.K. Real Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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 (33) (1999)

1995

  1. 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) Downloads View citations (19)
    NBER Working Papers, National Bureau of Economic Research, Inc (1994) Downloads 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) Downloads View citations (788) (1996)
  2. The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (360)
    See also Journal Article The forward discount anomaly and the risk premium: A survey of recent evidence, Journal of Empirical Finance, Elsevier (1996) Downloads View citations (736) (1996)
  3. Why is the Foreward Exchange Rate Forecast Based? A Survey of Recent Evidence
    Working Papers, University of Washington, Department of Economics View citations (8)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1995) View citations (10)
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1995) View citations (1)

1994

  1. Relative Returns on Equities in Pacific Basin Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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)
  2. The Distribution of Exchange Rates in the EMS
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (48)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (1994) View citations (19)

    See also Journal Article The Distribution of Exchange Rates in the EMS, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1996) Downloads View citations (53) (1996)

1993

  1. Tests of CAPM on an International Portfolio of Bonds and Stocks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (16) (1994)
  2. 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 Downloads View citations (6)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1990) Downloads View citations (1)
    Economics Working Papers, University of California at Berkeley (1990) View citations (2)

1992

  1. Can the Markov Switching Model Forecast Exchange Rates?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (252) (1994)
  2. 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)
  3. Real Exchange Rates and Relative Prices: An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article Real exchange rates and relative prices: An empirical investigation, Journal of Monetary Economics, Elsevier (1993) Downloads View citations (266) (1993)
  4. 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) Downloads View citations (10) (1993)

1991

  1. 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

  1. 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) Downloads View citations (50) (1992)
  2. 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) Downloads View citations (12) (1992)

1989

  1. Conditional Mean-Variance Efficiency of the U.S. Stock Market
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in Research Paper, Federal Reserve Bank of New York (1989) View citations (3)
  2. 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 Downloads View citations (11)

1988

  1. 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) Downloads
  2. 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) Downloads

1987

  1. Saving and Investment in an Open Economy with Non-Traded Goods
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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) Downloads View citations (48) (1989)
  2. Tests of International CAPM with Time-Varying Covariances
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article Tests of International CAPM with Time-Varying Covariances, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (1989) Downloads View citations (90) (1989)
  3. The Real Effects of Foreign Inflation in the Presence of Currency Substitution
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. Trade Policy under Endogenous Credibility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article Trade policy under endogenous credibility, Journal of Development Economics, Elsevier (1991) Downloads View citations (5) (1991)

1986

  1. International Borrowing to Finance Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. Tariffs, Saving and the Current Account
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)

1982

  1. 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 Downloads 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) Downloads View citations (75) (1984)
  2. Why Money Announcements Move Interest Rates: An Answer from the Foreign Exchange Market
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads 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

  1. Forecasting the U.S. Dollar in the 21st Century
    Journal of International Economics, 2023, 141, (C) Downloads View citations (4)
    See also Working Paper Forecasting the U.S. Dollar in the 21st Century, NBER Working Papers (2021) Downloads View citations (1) (2021)
  2. Liquidity and Exchange Rates: An Empirical Investigation
    The Review of Economic Studies, 2023, 90, (5), 2395-2438 Downloads
    See also Working Paper Liquidity and Exchange Rates: An Empirical Investigation, University of California at San Diego, Economics Working Paper Series (2023) Downloads View citations (2) (2023)

2022

  1. A reconsideration of the failure of uncovered interest parity for the U.S. dollar
    Journal of International Economics, 2022, 136, (C) Downloads View citations (4)
    See also Working Paper A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar, NBER Working Papers (2021) Downloads View citations (2) (2021)
    Chapter A Reconsideration of the Failure of Uncovered Interest Parity for the US Dollar, NBER Chapters, 2021 (2021) View citations (1) (2021)
  2. Debauchery and Original Sin: The Currency Composition of Sovereign Debt
    Journal of the European Economic Association, 2022, 20, (3), 1095-1144 Downloads View citations (6)
    See also Working Paper Debauchery and Original Sin: The Currency Composition of Sovereign Debt, GRU Working Paper Series (2018) Downloads (2018)

2020

  1. Implementable Rules for International Monetary Policy Coordination
    IMF Economic Review, 2020, 68, (1), 108-162 Downloads View citations (9)
  2. Safe U.S. Assets and U.S. Capital Flows
    Journal of International Money and Finance, 2020, 102, (C) Downloads
    See also Working Paper Safe U.S. Assets and U.S. Capital Flows, GRU Working Paper Series (2019) Downloads (2019)

2019

  1. Real exchange rate convergence: The roles of price stickiness and monetary policy
    Journal of Monetary Economics, 2019, 103, (C), 21-32 Downloads View citations (18)
    See also Working Paper Real Exchange Rate Convergence: The Roles of Price Stickiness and Monetary Policy, GRU Working Paper Series (2017) Downloads (2017)
  2. The uncovered interest parity puzzle, exchange rate forecasting, and Taylor rules
    Journal of International Money and Finance, 2019, 95, (C), 317-331 Downloads View citations (33)
    See also Working Paper The Uncovered Interest Parity Puzzle, Exchange Rate Forecasting, and Taylor Rules, NBER Working Papers (2017) Downloads View citations (3) (2017)

2018

  1. Real Exchange Rates and Sectoral Productivity in the Eurozone
    American Economic Review, 2018, 108, (6), 1543-81 Downloads View citations (52)
    See also Working Paper Real Exchange Rates and Sectoral Productivity in the Eurozone, Discussion Papers (2017) Downloads View citations (2) (2017)

2016

  1. Exchange Rates, Interest Rates, and the Risk Premium
    American Economic Review, 2016, 106, (2), 436-74 Downloads View citations (143)
    See also Working Paper Exchange Rates, Interest Rates, and the Risk Premium, NBER Working Papers (2015) Downloads View citations (4) (2015)
  2. International coordination of central bank policy
    Journal of International Money and Finance, 2016, 67, (C), 13-24 Downloads View citations (18)
    See also Working Paper International Coordination of Central Bank Policy, NBER Working Papers (2015) Downloads View citations (8) (2015)
  3. Macroprudential policy under high capital mobility: policy implications from an academic perspective
    Journal of the Japanese and International Economies, 2016, 42, (C), 162-172 Downloads View citations (26)
    See also Chapter Macroprudential Policy under High Capital Mobility: Policy Implications from an Academic Perspective, NBER Chapters, 2015 (2015) View citations (8) (2015)
  4. Policy Cooperation, Incomplete Markets, and Risk Sharing
    IMF Economic Review, 2016, 64, (1), 103-133 Downloads View citations (9)

2015

  1. Factor Model Forecasts of Exchange Rates
    Econometric Reviews, 2015, 34, (1-2), 32-55 Downloads View citations (81)
    See also Working Paper Factor Model Forecasts of Exchange Rates, NBER Working Papers (2012) Downloads View citations (20) (2012)

2014

  1. Exchange Rate Stabilization and Welfare
    Annual Review of Economics, 2014, 6, (1), 155-177 Downloads View citations (24)

2012

  1. Comment
    NBER Macroeconomics Annual, 2012, 26, (1), 310 - 314 Downloads
  2. Comment
    NBER International Seminar on Macroeconomics, 2012, 8, (1), 87 - 89 Downloads
  3. Real Exchange Rate Adjustment in and out of the Eurozone
    American Economic Review, 2012, 102, (3), 179-85 Downloads View citations (56)

2011

  1. Currency Misalignments and Optimal Monetary Policy: A Reexamination
    American Economic Review, 2011, 101, (6), 2796-2822 Downloads View citations (206)
    See also Working Paper Currency Misalignments and Optimal Monetary Policy: A Re-examination, RBA Research Discussion Papers (2009) Downloads View citations (9) (2009)
  2. International trade in durable goods: Understanding volatility, cyclicality, and elasticities
    Journal of International Economics, 2011, 83, (1), 37-52 Downloads View citations (165)
    See also Working Paper International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities, NBER Working Papers (2008) Downloads View citations (28) (2008)

2010

  1. Global Interest Rates, Currency Returns, and the Real Value of the Dollar
    American Economic Review, 2010, 100, (2), 562-67 Downloads View citations (35)
  2. JIE special issue on international macro-finance
    Journal of International Economics, 2010, 80, (1), 1-2 Downloads View citations (1)

2009

  1. Comment
    NBER International Seminar on Macroeconomics, 2009, 5, (1), 194 - 196 Downloads
  2. Exchange rate policies
    Staff Papers, 2009, (Nov) Downloads View citations (2)
    See also Chapter Exchange rate policies, BIS Papers chapters, 2010, 52, 229-250 (2010) Downloads View citations (15) (2010)
  3. Expected Consumption Growth from Cross-Country Surveys: Implications for Assessing International Capital Markets
    IMF Staff Papers, 2009, 56, (3), 543-573 Downloads 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) Downloads View citations (2) (2008)
  4. 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) Downloads View citations (1)
  5. 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 Downloads View citations (119)
    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) Downloads View citations (78) (2009)

2008

  1. On the record: making sense of today's globalized economy
    Southwest Economy, 2008, (Sep), 8-9 Downloads
  2. The Bhagwati Award
    Journal of International Economics, 2008, 74, (1), 1-(null) Downloads

2007

  1. Expectations, Monetary Policy, and the Misalignment of Traded Goods Prices [with Comments]
    NBER International Seminar on Macroeconomics, 2007, 2007, (1), 131 - 172 Downloads View citations (3)
  2. Expenditure switching versus real exchange rate stabilization: Competing objectives for exchange rate policy
    Journal of Monetary Economics, 2007, 54, (8), 2346-2374 Downloads View citations (82)

2006

  1. 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 Downloads View citations (131)
    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) Downloads View citations (18) (2005)
  2. Taylor Rules and the Deutschmark: Dollar Real Exchange Rate
    Journal of Money, Credit and Banking, 2006, 38, (5), 1175-1194 Downloads View citations (152)
    See also Working Paper Taylor Rules and the Deutschmark-Dollar Real Exchange Rate, NBER Working Papers (2004) Downloads View citations (10) (2004)
  3. The U.S. current account deficit and the expected share of world output
    Proceedings, 2006, (Jun) Downloads View citations (64)
    Also in Journal of Monetary Economics, 2006, 53, (5), 1063-1093 (2006) Downloads View citations (72)

    See also Working Paper The U.S. Current Account Deficit and the Expected Share of World Output, NBER Working Papers (2006) Downloads View citations (82) (2006)

2005

  1. Exchange Rates and Fundamentals
    Journal of Political Economy, 2005, 113, (3), 485-517 Downloads View citations (632)
    Also in Proceedings, 2003, (Mar) (2003) Downloads View citations (25)

    See also Working Paper Exchange Rates and Fundamentals, NBER Working Papers (2004) Downloads View citations (11) (2004)
  2. 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) Downloads (2004)
  3. Trade Invoicing in the Accession Countries: Are They Suited to the Euro? [with Comments]
    NBER International Seminar on Macroeconomics, 2005, 2005, (1), 357 - 402 Downloads

2004

  1. Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1
    American Economic Review, 2004, 94, (2), 119-125 Downloads View citations (61)
  2. Endogenous exchange rate pass-through when nominal prices are set in advance
    Journal of International Economics, 2004, 63, (2), 263-291 Downloads View citations (243)
    See also Working Paper Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance, CERS-IE WORKING PAPERS (2003) Downloads View citations (29) (2003)
  3. European product market integration after the euro
    (The law of one price in Scandinavian duty-free stores)
    Economic Policy, 2004, 19, (39), 348-384 Downloads View citations (127)

2003

  1. Empirical exchange rate models
    Journal of International Economics, 2003, 60, (1), 1-2 Downloads View citations (5)
  2. Exchange Rate Pass-Through and the Welfare Effects of the Euro
    International Economic Review, 2003, 44, (1), 223-242 Downloads View citations (82)
    See also Working Paper Exchange Rate Pass-Through and the Welfare Effects of the Euro, NBER Working Papers (1999) Downloads View citations (39) (1999)
  3. Monetary Policy in the Open Economy Revisited: Price Setting and Exchange-Rate Flexibility
    The Review of Economic Studies, 2003, 70, (4), 765-783 Downloads View citations (570)
    See also Working Paper Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibiity, Working Papers (2000) Downloads View citations (12) (2000)

2002

  1. Currency Unions and International Integration
    Journal of Money, Credit and Banking, 2002, 34, (4), 1067-89 View citations (183)
    See also Working Paper Currency Unions and International Integration, CEPR Discussion Papers (2001) Downloads View citations (17) (2001)
  2. Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect
    Journal of Monetary Economics, 2002, 49, (5), 913-940 Downloads View citations (289)
    See also Working Paper Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect, NBER Working Papers (2002) Downloads View citations (280) (2002)
  3. The Responsiveness of Consumer Prices to Exchange Rates: A Synthesis Of Some New Open Economy Macro Models
    Manchester School, 2002, 70, (S1), 1-15 Downloads View citations (64)

2001

  1. Deviations from purchasing power parity: causes and welfare costs
    Journal of International Economics, 2001, 55, (1), 29-57 Downloads View citations (139)
    See also Working Paper Deviations from purchasing power parity: causes and welfare costs, International Finance Discussion Papers (2000) Downloads View citations (2) (2000)
  2. 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 (17)
    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) Downloads View citations (6) (2000)
  3. 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 (72)
    See also Working Paper Violating the Law of One Price: Should We Make a Federal Case Out of It?, Working Papers (2000) Downloads View citations (4) (2000)

2000

  1. Local-currency pricing and the choice of exchange-rate regime
    European Economic Review, 2000, 44, (8), 1449-1472 Downloads View citations (46)
    See also Working Paper Local-Currency Pricing and the Choice of Exchange-Rate Regime, Working Papers (1999) Downloads (1999)
  2. Long-run PPP may not hold after all
    Journal of International Economics, 2000, 51, (2), 243-273 Downloads 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) Downloads View citations (10) (1998)

1999

  1. Accounting for U.S. Real Exchange Rate Changes
    Journal of Political Economy, 1999, 107, (3), 507-538 Downloads View citations (513)
    See also Working Paper Accounting for U.S. Real Exchange Rate Changes, Discussion Papers in Economics at the University of Washington (1996) (1996)
  2. Are we globalized yet?
    FRBSF Economic Letter, 1999, (nov19) Downloads
  3. On the Foreign Exchange Risk Premium in Sticky-Price General Equilibrium Models
    International Tax and Public Finance, 1999, 6, (4), 491-505 Downloads View citations (29)
    See also Working Paper On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models, NBER Working Papers (1999) Downloads View citations (23) (1999)
  4. The Long-Run U.S./U.K. Real Exchange Rate
    Journal of Money, Credit and Banking, 1999, 31, (3), 335-56 View citations (33)
    See also Working Paper The Long-Run U.S./U.K. Real Exchange Rate, NBER Working Papers (1996) Downloads View citations (1) (1996)

1998

  1. Rent Sharing, Aggregate Saving, and Growth
    Review of Development Economics, 1998, 2, (2), 107-122 Downloads

1997

  1. Intranational, Intracontinental, and Intraplanetary PPP
    Journal of the Japanese and International Economies, 1997, 11, (4), 480-501 Downloads View citations (11)
    See also Working Paper Intra-National, Intra-Continental, and Intra-Planetary PPP, NBER Working Papers (1997) Downloads View citations (29) (1997)

1996

  1. A note on cointegration and international capital market efficiency
    Journal of International Money and Finance, 1996, 15, (4), 657-660 Downloads View citations (36)
  2. How Wide Is the Border?
    American Economic Review, 1996, 86, (5), 1112-25 Downloads View citations (788)
    See also Working Paper How Wide is the Border?, Working Papers (1995) View citations (45) (1995)
  3. The Distribution of Exchange Rates in the EMS
    International Journal of Finance & Economics, 1996, 1, (1), 55-67 Downloads View citations (53)
    See also Working Paper The Distribution of Exchange Rates in the EMS, NBER Working Papers (1994) Downloads View citations (48) (1994)
  4. The forward discount anomaly and the risk premium: A survey of recent evidence
    Journal of Empirical Finance, 1996, 3, (2), 123-192 Downloads View citations (736)
    See also Working Paper The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence, NBER Working Papers (1995) Downloads View citations (360) (1995)

1995

  1. Tests of conditional mean-variance efficiency of the U.S. stock market
    Journal of Empirical Finance, 1995, 2, (1), 3-18 Downloads View citations (10)

1994

  1. Can the Markov switching model forecast exchange rates?
    Journal of International Economics, 1994, 36, (1-2), 151-165 Downloads View citations (252)
    See also Working Paper Can the Markov Switching Model Forecast Exchange Rates?, NBER Working Papers (1992) Downloads View citations (122) (1992)

1993

  1. Exchange rate regimes and volatility
    Economic Review, 1993, 78, (Q III), 43-58 Downloads View citations (11)
  2. Real exchange rates and relative prices: An empirical investigation
    Journal of Monetary Economics, 1993, 32, (1), 35-50 Downloads View citations (266)
    See also Working Paper Real Exchange Rates and Relative Prices: An Empirical Investigation, NBER Working Papers (1992) Downloads View citations (2) (1992)
  3. Tests of Mean-Variance Efficiency of International Equity Markets
    Oxford Economic Papers, 1993, 45, (3), 403-21 Downloads View citations (10)
    See also Working Paper Tests of mean-variance efficiency of international equity markets, Research Paper (1992) View citations (6) (1992)

1992

  1. On the foreign exchange risk premium in a general equilibrium model
    Journal of International Economics, 1992, 32, (3-4), 305-319 Downloads 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)
  2. 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) Downloads View citations (4) (1994)
  3. The Risk Premium and the Liquidity Premium in Foreign Exchange Markets
    International Economic Review, 1992, 33, (4), 871-79 Downloads View citations (12)
    See also Working Paper The risk premium and the liquidity premium in foreign exchange markets, Research Working Paper (1990) (1990)

1991

  1. Challenges to stock market efficiency: evidence from mean reversion studies
    Economic Review, 1991, 76, (Sep), 21-35 Downloads View citations (6)
  2. Trade policy under endogenous credibility
    Journal of Development Economics, 1991, 36, (2), 213-228 Downloads View citations (5)
    See also Working Paper Trade Policy under Endogenous Credibility, NBER Working Papers (1987) Downloads View citations (2) (1987)

1990

  1. Long Swings in the Dollar: Are They in the Data and Do Markets Know It?
    American Economic Review, 1990, 80, (4), 689-713 Downloads View citations (628)
  2. Tariffs and saving in a model with new generations
    Journal of International Economics, 1990, 28, (1-2), 71-91 Downloads View citations (25)

1989

  1. Saving and Investment in an Open Economy with Non-traded Goods
    International Economic Review, 1989, 30, (4), 735-52 Downloads View citations (48)
    See also Working Paper Saving and Investment in an Open Economy with Non-Traded Goods, NBER Working Papers (1987) Downloads View citations (8) (1987)
  2. Tests of International CAPM with Time-Varying Covariances
    Journal of Applied Econometrics, 1989, 4, (2), 119-38 Downloads View citations (90)
    See also Working Paper Tests of International CAPM with Time-Varying Covariances, NBER Working Papers (1987) Downloads View citations (7) (1987)
  3. The trade balance and real exchange rate under currency substitution
    Journal of International Money and Finance, 1989, 8, (1), 47-58 Downloads View citations (6)

1986

  1. On the correlation of exchange rates and interest rates
    Journal of International Money and Finance, 1986, 5, (1), 125-128 Downloads View citations (7)
  2. The International Monetary System: Forty years after Bretton Woods: Review essay
    Journal of Monetary Economics, 1986, 17, (3), 441-448 Downloads

1985

  1. Exchange Rate Dynamics, Sticky Prices and the Current Account
    Journal of Money, Credit and Banking, 1985, 17, (3), 312-27 Downloads View citations (8)

1984

  1. 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 Downloads View citations (75)
    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) Downloads View citations (3) (1982)
  2. Testing for the absence of expected real profits from forward market speculation
    Journal of International Economics, 1984, 17, (3-4), 299-308 Downloads View citations (26)
  3. The secular inflation term in open-economy Phillips curves
    European Economic Review, 1984, 24, (2), 161-164 Downloads View citations (2)

1982

  1. 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) Downloads View citations (14) (1982)

Books

2018

  1. NBER International Seminar on Macroeconomics 2017
    NBER Books, National Bureau of Economic Research, Inc

2012

  1. Global Financial Crisis
    NBER Books, National Bureau of Economic Research, Inc View citations (97)

Chapters

2021

  1. 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 (1)
    See also Working Paper A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar, National Bureau of Economic Research, Inc (2021) Downloads View citations (2) (2021)
    Journal Article A reconsideration of the failure of uncovered interest parity for the U.S. dollar, Elsevier (2022) Downloads View citations (4) (2022)

2020

  1. Comments on “Digital Money: Private versus Public”
    Chapter 7 in DIGITAL CURRENCY ECONOMICS AND POLICY, 2020, pp 51-54 Downloads
  2. Lessons for Cryptocurrencies from Foreign Exchange Markets
    Chapter 8 in DIGITAL CURRENCY ECONOMICS AND POLICY, 2020, pp 55-78 Downloads

2018

  1. Revisiting exchange rate puzzles
    A chapter in The price, real and financial effects of exchange rates, 2018, vol. 96, pp 3-11 Downloads

2015

  1. 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) Downloads View citations (26) (2016)

2014

  1. Exchange Rates and Interest Parity
    Elsevier Downloads View citations (137)
    See also Working Paper Exchange Rates and Interest Parity, National Bureau of Economic Research, Inc (2013) Downloads View citations (35) (2013)

2013

  1. Inflation and globalisation: a modelling perspective
    A chapter in Globalisation and inflation dynamics in Asia and the Pacific, 2013, vol. 70, pp 99-108 Downloads View citations (8)

2012

  1. Capital controls: what have we learned?
    A chapter in Challenges related to capital flows: Latin American perspectives, 2012, vol. 68, pp 22-26 Downloads View citations (2)

2011

  1. Comment on "Firm Heterogeneity, Endogenous Entry, and the Business Cycle"
    A chapter in NBER International Seminar on Macroeconomics 2011, 2011, pp 87-89 Downloads View citations (1)
  2. Comment on "Risk, Monetary Policy and the Exchange Rate"
    A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 310-314 Downloads

2010

  1. Exchange rate policies
    A chapter in The international financial crisis and policy challenges in Asia and the Pacific, 2010, vol. 52, pp 229-250 Downloads View citations (15)
    See also Journal Article Exchange rate policies, Federal Reserve Bank of Dallas (2009) Downloads View citations (2) (2009)

2009

  1. Comment on "Real Variables, Nonlinearity, and European Real Exchange Rates"
    A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 194-196 Downloads
  2. Expectations, Monetary Policy, and the Misalignment of Traded Goods Prices
    A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 131-157 Downloads View citations (3)

2008

  1. Exchange Rate Models Are Not as Bad as You Think
    A chapter in NBER Macroeconomics Annual 2007, Volume 22, 2008, pp 381-441 Downloads View citations (138)
    See also Working Paper Exchange Rate Models Are Not as Bad as You Think, National Bureau of Economic Research, Inc (2007) Downloads View citations (345) (2007)

2005

  1. 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 Downloads View citations (1)

2003

  1. Expenditure Switching and Exchange-Rate Policy
    A chapter in NBER Macroeconomics Annual 2002, Volume 17, 2003, pp 231-300 Downloads View citations (27)
    See also Working Paper Expenditure Switching and Exchange Rate Policy, National Bureau of Economic Research, Inc (2002) Downloads View citations (119) (2002)

2001

  1. 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 Downloads 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) Downloads View citations (13) (2000)

1998

  1. 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 Downloads View citations (33)

1994

  1. Tests of CAPM on an International Portfolio of Bonds and Stocks
    A chapter in The Internationalization of Equity Markets, 1994, pp 149-183 Downloads 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) Downloads View citations (4) (1993)

Editor

  1. Journal of International Economics
    Elsevier
 
Page updated 2024-05-24