Details about Enrique G. Mendoza

E-mail:
Homepage:	http://www.sas.upenn.edu/~egme/index.html
Postal address:	Department of Economics University of Pennsylvania 3718 Locust Walk Philadelphia, PA 19104
Workplace:	Department of Economics, University of Pennsylvania, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Enrique G. Mendoza.

Last updated 2021-04-07. Update your information in the RePEc Author Service.

Short-id: pme30

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Working Papers

2023

1. Unstable Prosperity: How Globalization Made the World Economy More Volatile
   NBER Working Papers, National Bureau of Economic Research, Inc

2021

2. A Macroeconomic Model of Healthcare Saturation, Inequality & the Output-Pandemia Tradeoff
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2020) View citations (2)
3. A Macroeconomic Model of Healthcare Saturation, Inequality and the Output-Pandemia Tradeoff
   Working Paper Series, Federal Reserve Bank of Chicago
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (2)

2020

4. A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
   Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2020) View citations (5)
   See also Journal Article in Review of Economic Dynamics (2020)
5. Approximately Right?: Global v. Local Methods for Open-Economy Models with Incomplete Markets
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (3)

2019

6. FiPIt: A Simple, Fast Global Method for Solving Models with Two Endogenous States & Occasionally Binding Constraints
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
   See also Journal Article in Review of Economic Dynamics (2020)
7. Global v. Local Methods in the Analysis of Open-Economy Models with Incomplete Markets
   Working Papers, University of Liverpool, Department of Economics View citations (3)
8. History Remembered: Optimal Sovereign Default on Domestic and External Debt
   Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (5)
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2018) View citations (5)
   See also Journal Article in Journal of Monetary Economics (2021)
9. Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies
   IDB Publications (Working Papers), Inter-American Development Bank View citations (5)
   Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2019) View citations (1)
   NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (19)
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2017) View citations (17)
   Working Paper Series, European Central Bank (2018) View citations (1)
   Working Papers, Banco de México (2017) View citations (17)

2018

10. A Promising Quantitative Framework for Explaining and (maybe) Preventing Financial Crises
    Annual Meeting Plenary, Society for Economic Dynamics
11. Credit Frictions and "Sudden Stop" in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises
    IDB Publications (Working Papers), Inter-American Development Bank View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (86)
    Research Department Publications, Inter-American Development Bank, Research Department (2002) View citations (74)
12. Positive and Normative Implications of Liability Dollarization for Sudden Stops Models of Macroprudential Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article in IMF Economic Review (2019)
13. Resource Curse or Blessing? Sovereign Risk in Emerging Economies
    2018 Meeting Papers, Society for Economic Dynamics View citations (3)
14. Resource Curse or Blessing? Sovereign Risk in Resource-Rich Emerging Economies
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)

2017

15. Optimal Domestic (and External) Sovereign Default
    Working Papers, Federal Reserve Bank of Philadelphia
    Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (3)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2016) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (2)
    Working Papers, eSocialSciences (2016) View citations (2)

2016

16. Commodity Prices and Sovereign Default: A New Perspective on The Harberger-Laursen-Metzler Effect
    2016 Meeting Papers, Society for Economic Dynamics View citations (3)
17. Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default
    Working Papers, Federal Reserve Bank of Philadelphia View citations (24)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2015) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (11)
    See also Journal Article in Journal of the European Economic Association (2016)
    Chapter (2013)
18. Fundamentals News, Global Liquidity and Macroprudential Policy*
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (36)
    See also Chapter (2016)
    Journal Article in Journal of International Economics (2016)
19. Global v. Local Methods in the Quantitative Analysis of Open-Economy Models with Incomplete Markets
    2016 Meeting Papers, Society for Economic Dynamics View citations (2)
20. Macroprudential Policy: Promise and Challenges
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (26)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (28)
    See also Chapter (2018)
21. When the Central Bank Meets the Financial Authority: Strategic Interactions and Institutional Design
    2016 Meeting Papers, Society for Economic Dynamics View citations (1)

2015

22. Optimal Time-Consistent Macroprudential Policy
    2015 Meeting Papers, Society for Economic Dynamics View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (45)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2015) View citations (14)
    BIS Working Papers, Bank for International Settlements (2015) View citations (15)
    See also Journal Article in Journal of Political Economy (2018)
23. Phases of Global Liquidity, Fundamentals News, and the Design of Macroprudential Policy
    BIS Working Papers, Bank for International Settlements View citations (7)
24. What is a Sustainable Public Debt?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2015) View citations (10)
    See also Chapter (2016)

2014

25. Saving Europe? The unpleasant arithmetic of fiscal austerity in integrated economies
    SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE View citations (35)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2014) View citations (25)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (35)
    Working Papers, Research Seminar in International Economics, University of Michigan (2014) View citations (52)

2013

26. Anatomy of credit booms and their demise
    2013 Meeting Papers, Society for Economic Dynamics
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2012) View citations (204)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (205)
    See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2012)
    Chapter (2014)
27. Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc
28. From Sudden Stops to Fisherian Deflation: Quantitative Theory and Policy Implications
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
29. Optimal Domestic Sovereign Default
    2013 Meeting Papers, Society for Economic Dynamics View citations (6)

2012

30. Capital Mobility and International Sharing of Cyclical Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article in Journal of Monetary Economics (2013)
31. Macro-Prudential Policy in a Fisherian model of Financial Innovation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in IMF Working Papers, International Monetary Fund (2012) View citations (20)
    See also Journal Article in IMF Economic Review (2012)
32. On the Solvency of Nations: Cross-Country Evidence on the Dynamics of External Adjustment
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (4)
    See also Journal Article in Journal of International Money and Finance (2013)

2011

33. A General Equilibrium Model of Sovereign Default and Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
    Also in IMF Working Papers, International Monetary Fund (2011) View citations (32)
    See also Journal Article in The Quarterly Journal of Economics (2012)
34. Financial Globalization, Financial Crisis, and the External Capital Structure of Emerging Markets
    2011 Meeting Papers, Society for Economic Dynamics
35. Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (75)
    See also Journal Article in Economic Journal (2013)
36. How Big (Small?) are Fiscal Multipliers?
    IMF Working Papers, International Monetary Fund View citations (86)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (116)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2010) View citations (132)
    See also Journal Article in Journal of Monetary Economics (2013)
37. Overborrowing, Financial Crises and 'Macro-prudential' Policy
    2011 Meeting Papers, Society for Economic Dynamics View citations (31)
    Also in IMF Working Papers, International Monetary Fund (2011) View citations (35)
38. Why Should Emerging Economies Give Up National Currencies?: A Case for "Institutions Substitution"
    IDB Publications (Working Papers), Inter-American Development Bank View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (17)
    Research Department Publications, Inter-American Development Bank, Research Department (2002) View citations (15)

2010

39. Financial Globalization, Financial Crises and Contagion
    2010 Meeting Papers, Society for Economic Dynamics View citations (116)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (16)
    See also Journal Article in Journal of Monetary Economics (2010)
40. Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis
    IMF Working Papers, International Monetary Fund View citations (19)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (20)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (12)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (31)
    See also Journal Article in Journal of Monetary Economics (2014)
41. On the Solvency of Nations: Are Global Imbalances Consistent with Intertemporal Budget Constraints?
    IMF Working Papers, International Monetary Fund View citations (7)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2009) View citations (1)
42. Overborrowing, Financial Crises and 'Macro-prudential' Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (87)
    See also Journal Article in Proceedings (2010)

2009

43. A Solution to the Default Risk-Business Cycle Disconnect
    2009 Meeting Papers, Society for Economic Dynamics View citations (2)
44. The Finnish Great Depression: From Russia with Love
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (15)
    See also Journal Article in American Economic Review (2012)

2008

45. A Solution to the Disconnect between Country Risk and Business Cycle Theories
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
46. An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (499)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2008) View citations (341)
    IMF Working Papers, International Monetary Fund (2008) View citations (557)
47. Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism
    2008 Meeting Papers, Society for Economic Dynamics View citations (8)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations (26)
    IMF Working Papers, International Monetary Fund (2007) View citations (41)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (45)
    See also Journal Article in Journal of Development Economics (2009)
48. Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2008) View citations (13)
49. The Finnish Depression: From Russia with love
    2008 Meeting Papers, Society for Economic Dynamics

2007

50. Financial Integration, Financial Deepness and Global Imbalance
    2007 Meeting Papers, Society for Economic Dynamics View citations (37)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (131)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (115)
51. International Evidence on Fiscal Solvency: Is Fiscal Policy "Responsible"?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    Also in IMF Working Papers, International Monetary Fund (2007) View citations (27)
    See also Journal Article in Journal of Monetary Economics (2008)
52. On the Welfare Implications of Financial Globalization without Financial Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (56)
    See also Chapter (2009)
53. Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism: Working Paper 2007-10
    Working Papers, Congressional Budget Office View citations (20)
54. Solving the Country Risk-Business Cycles Disconnect: Endogenous Output Collapse in a Model of Sovereign Default
    2007 Meeting Papers, Society for Economic Dynamics View citations (1)

2006

55. Are Asset Price Guarantees Useful for Preventing Sudden Stops?A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff
    IMF Working Papers, International Monetary Fund View citations (35)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (4)
    See also Journal Article in Journal of International Economics (2006)
56. Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (78)
57. Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (90)
58. Fiscal Policy and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
    2006 Meeting Papers, Society for Economic Dynamics View citations (10)
59. Lessons From the Debt-Deflation Theory of Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (60)
    See also Journal Article in American Economic Review (2006)
60. Public Debt, Fiscal Solvency, and Macroeconomic Uncertainty in Latin America: The Cases of Brazil, Colombia, Costa Rica, and Mexico
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (34)
    See also Journal Article in Economía Mexicana NUEVA ÉPOCA (2009)
61. Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies
    IMF Working Papers, International Monetary Fund View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (84)

2005

62. Sudden Stops in an Equilibrium Business Cycle Model with Credit Constraints: A Fisherian Deflation of Tobin's Q
    2005 Meeting Papers, Society for Economic Dynamics View citations (25)

2004

63. Public Debt, Fiscal Solvency & Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
    2004 Meeting Papers, Society for Economic Dynamics View citations (9)
64. Public Debt, Fiscal Solvency, and Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
    Econometric Society 2004 North American Summer Meetings, Econometric Society View citations (8)
65. Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2004)
    See also Journal Article in Proceedings (2004)
66. Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Journal Article in Journal of International Economics (2006)
67. Winners and Losers of Tax Competition in the European Union
    Working Papers, Research Seminar in International Economics, University of Michigan
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (3)

2003

68. A Quantitative Analysis of Tax Competition v. Tax Coordination under Perfect Capital Mobility
    Working Papers, Research Seminar in International Economics, University of Michigan View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (10)

2002

69. Fricciones crediticias y 'paradas repentinas' en pequeñas economías abiertas: un marco de equilibrio del ciclo económico para crisis en mercados emergentes
    Research Department Publications, Inter-American Development Bank, Research Department
70. Margin Calls, Trading Costs, and Asset Prices in Emerging Markets: The Finanical Mechanics of the 'Sudden Stop' Phenomenon
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (83)
71. ¿Por qué deben las economías emergentes renunciar a su moneda nacional? El argumento a favor
    Research Department Publications, Inter-American Development Bank, Research Department

2001

72. Credit, Prices, and Crashes: Business Cycles with a Sudden Stop
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (81)
    See also Chapter (2002)
73. The International Macroeconomics of Taxation and the Case Against European Tax Harmonization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2000

74. On the Benefits of Dollarization when Stabilization Policy Is Not Credible and Financial Markets are Imperfect
    Working Papers, Duke University, Department of Economics View citations (25)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (18)
75. On the Instability of Variance Decompositions of the Real Exchange Rate Across Exchange- Rate-Regimes: Evidence from Mexico and the United States
    Working Papers, Duke University, Department of Economics View citations (34)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (31)

1999

76. Devaluation Risk and the Syndrome of Exchange-Rate-Based Stabilizations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
77. Regional Contagion and the Globalization of Securities Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Journal Article in Journal of International Economics (2000)
78. The Business Cycles of Balance-of-Payment Crises: A Revision of Mundellan Framework
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

1998

79. Empirical Puzzles of Chilean Stabilization Policy
    Working Papers, Duke University, Department of Economics View citations (20)
80. The business cycles of currency speculation: a revision of the Mundellian framework
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (4)

1997

81. Rational Herd Behavior and the Globalization of Securities Markets
    Working Papers, Duke University, Department of Economics View citations (52)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1997) View citations (74)
82. The Syndrome of Exchange-Rate-Based Stabilizations and the Uncertain Duration of Currency Pegs
    Working Papers, Duke University, Department of Economics View citations (9)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (19)
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1997) View citations (6)

1996

83. Mexico's balance-of-payments crisis: a chronicle of death foretold
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (221)
    See also Journal Article in Journal of International Economics (1996)
84. On the Ineffectiveness of Tax Policy in Altering Long- Run Growth: Harberger's Superneutrality Conjecture
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (39)
    See also Journal Article in Journal of Public Economics (1997)

1995

85. Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture
    IMF Working Papers, International Monetary Fund View citations (7)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (3)
86. Supply-Side Economics in a Global Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995) View citations (14)
    See also Journal Article in American Economic Review (1998)

1994

87. Computing Effective Tax Rates on Factor Incomes and Consumption: An International Macroeconomic Perspective
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
88. Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?
    IMF Working Papers, International Monetary Fund View citations (14)
89. Effective Tax Rates in Macroeconomics: Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (823)
    See also Journal Article in Journal of Monetary Economics (1994)
90. Terms-of-trade uncertainty and economic growth: are risk indicators significant in growth regressions?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)
91. Trade Reforms of Uncertain Duration and Real Uncertainty: A First Approximation
    IMF Working Papers, International Monetary Fund View citations (15)
    See also Journal Article in IMF Staff Papers (1994)

1993

92. A Comparative Analysis of the Structure of Tax Systems in Industrial Countries
    IMF Working Papers, International Monetary Fund View citations (3)
93. Supply-Side Economics in an Integrated World Economy
    IMF Working Papers, International Monetary Fund View citations (2)

1992

94. A Quantitative Examination of Current Account Dynamics in Equilibrium Models of Barter Economies
    IMF Working Papers, International Monetary Fund View citations (1)
95. Robustness of Macroeconomic Indicators of Capital Mobility
    IMF Working Papers, International Monetary Fund View citations (19)
96. The Terms of Trade and Economic Fluctuations
    IMF Working Papers, International Monetary Fund View citations (14)

1991

97. Efficient Arbitrage Under Financial Indexation: The Case of Chile
    IMF Working Papers, International Monetary Fund View citations (1)

1990

98. The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade
    IMF Working Papers, International Monetary Fund

1989

99. A QUANTITATIVE INVESTIGATION OF THE MACROECONOMIC EFFECTS OF CAPITAL CONTROLS AND THE STABILIZATION OF BALANCE OF TRADE
    University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics View citations (1)
100. BUSINESS CYCLES, ADJUSTMENT COSTS AN THE THEORY OF INVESTMENT IN SMALL OPEN ECONOMY
     University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics View citations (1)
101. Real Business Cycles in a Small Open Economy: The Canadian Case
     University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics View citations (2)

Journal Articles

2021

1. History remembered: Optimal sovereign default on domestic and external debt
   Journal of Monetary Economics, 2021, 117, (C), 969-989 View citations (2)
   See also Working Paper (2019)

2020

2. A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature
   Review of Economic Dynamics, 2020, 37 Supplement 1, S254-S283 View citations (12)
   See also Working Paper (2020)
   Software Item (2020)
3. Current Policy Challenges Facing Emerging Markets
   IMF Economic Review, 2020, 68, (3), 453-455 View citations (1)
4. FiPIt: A Simple, Fast Global Method for Solving Models with Two Endogenous States & Occasionally Binding Constraints
   Review of Economic Dynamics, 2020, 37, 81-102 View citations (7)
   See also Software Item (2020)
   Working Paper (2019)

2019

5. Positive and Normative Implications of Liability Dollarization for Sudden Stops Models of Macroprudential Policy
   IMF Economic Review, 2019, 67, (1), 174-214 View citations (17)
   See also Working Paper (2018)

2018

6. Optimal Time-Consistent Macroprudential Policy
   Journal of Political Economy, 2018, 126, (2), 588 - 634 View citations (124)
   See also Working Paper (2015)

2017

7. Optimal v. simple financial policy rules in a production economy with “liability dollarizationâ€
   Revista ESPE - Ensayos Sobre Política Económica, 2017, 35, (82), 25-39 View citations (3)
   Also in Revista ESPE - Ensayos sobre Política Económica, 2017, 35, (82), 25-39 (2017) View citations (5)
8. Política macroprudencial: promesas y desafíos
   Journal Economía Chilena (The Chilean Economy), 2017, 20, (2), 042-088
9. The Public Debt Crisis of the United States
   Manchester School, 2017, 85, 1-32

2016

10. DISTRIBUTIONAL INCENTIVES IN AN EQUILIBRIUM MODEL OF DOMESTIC SOVEREIGN DEFAULT
    Journal of the European Economic Association, 2016, 14, (1), 7-44 View citations (24)
    Also in Journal of the European Economic Association, 2016, 14, (1), 7-44 (2016) View citations (18)
    See also Working Paper (2016)
    Chapter (2013)
11. Fundamentals news, global liquidity and macroprudential policy
    Journal of International Economics, 2016, 99, (S1), S2-S15 View citations (38)
    See also Chapter (2016)
    Working Paper (2016)

2015

12. EconomicDynamics Interviews Enrique Mendoza on Sovereign Debt
    EconomicDynamics Newsletter, 2015, 16, (1)

2014

13. Financial innovation, the discovery of risk, and the U.S. credit crisis
    Journal of Monetary Economics, 2014, 62, (C), 1-22 View citations (66)
    See also Working Paper (2010)
14. From Sudden Stops to Fisherian Deflation: Quantitative Theory and Policy
    Annual Review of Economics, 2014, 6, (1), 299-332 View citations (55)

2013

15. Capital mobility and international sharing of cyclical risk
    Journal of Monetary Economics, 2013, 60, (1), 42-62 View citations (16)
    See also Working Paper (2012)
16. Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies
    Economic Journal, 2013, F4-F30 View citations (281)
    See also Working Paper (2011)
17. How big (small?) are fiscal multipliers?
    Journal of Monetary Economics, 2013, 60, (2), 239-254 View citations (571)
    See also Working Paper (2011)
18. Macroeconomic and Financial Stability in Emerging-market Countries: A Symposium
    International Economic Journal, 2013, 27, (2), 179-182
19. On the solvency of nations: Cross-country evidence on the dynamics of external adjustment
    Journal of International Money and Finance, 2013, 32, (C), 762-780 View citations (28)
    See also Working Paper (2012)
20. The US Fiscal Crisis: The Debt Sustainability Delusion and the True Costs of Fiscal Austerity
    CESifo Forum, 2013, 14, (02), 25-31 View citations (1)

2012

21. A General Equilibrium Model of Sovereign Default and Business Cycles
    The Quarterly Journal of Economics, 2012, 127, (2), 889-946 View citations (295)
    See also Working Paper (2011)
22. An Anatomy of Credits Booms and their Demise
    Journal Economía Chilena (The Chilean Economy), 2012, 15, (2), 04-32 View citations (165)
    See also Chapter (2014)
    Working Paper (2013)
23. Macroprudential Policy in a Fisherian Model of Financial Innovation
    IMF Economic Review, 2012, 60, (2), 223-269 View citations (38)
    See also Working Paper (2012)
24. The Finnish Great Depression: From Russia with Love
    American Economic Review, 2012, 102, (4), 1619-44 View citations (75)
    See also Working Paper (2009)

2010

25. Financial globalization, financial crises and contagion
    Journal of Monetary Economics, 2010, 57, (1), 24-39 View citations (129)
    See also Working Paper (2010)
26. Overborrowing, financial crises and ‘macro-prudential’ taxes
    Proceedings, 2010, (Oct) View citations (59)
    See also Working Paper (2010)
27. Sudden Stops, Financial Crises, and Leverage
    American Economic Review, 2010, 100, (5), 1941-66 View citations (561)

2009

28. Financial Integration, Financial Development, and Global Imbalances
    Journal of Political Economy, 2009, 117, (3), 371-416 View citations (308)
29. New perspectives on financial globalization: A symposium for the Journal of Development Economics
    Journal of Development Economics, 2009, 89, (2), 163-163
30. Precautionary demand for foreign assets in Sudden Stop economies: An assessment of the New Mercantilism
    Journal of Development Economics, 2009, 89, (2), 194-209 View citations (181)
    See also Working Paper (2008)
31. Public Debt, Fiscal Solvency and Macroeconomic Uncertainty in Latin America The Cases of Brazil, Colombia, Costa Rica and Mexico
    Economía Mexicana NUEVA ÉPOCA, 2009, XVIII, (2), 133-173 View citations (12)
    See also Working Paper (2006)

2008

32. International evidence on fiscal solvency: Is fiscal policy "responsible"?
    Journal of Monetary Economics, 2008, 55, (6), 1081-1093 View citations (188)
    See also Working Paper (2007)

2006

33. "Emerging markets and macroeconomic volatility: Lessons from a decade of financial debacles", a symposium for the Journal of International Economics
    Journal of International Economics, 2006, 69, (1), 1-5 View citations (6)
34. Are asset price guarantees useful for preventing Sudden Stops?: A quantitative investigation of the globalization hazard-moral hazard tradeoff
    Journal of International Economics, 2006, 69, (1), 84-119 View citations (41)
    See also Working Paper (2006)
35. EconomicDynamics Interviews Enrique Mendoza on Financial Frictions, Sudden Stops and Global Imbalances
    EconomicDynamics Newsletter, 2006, 8, (1)
36. Lessons from the Debt-Deflation Theory of Sudden Stops
    American Economic Review, 2006, 96, (2), 411-416 View citations (58)
    See also Working Paper (2006)
37. Quantitative implications of a debt-deflation theory of Sudden Stops and asset prices
    Journal of International Economics, 2006, 70, (1), 82-114 View citations (159)
    See also Working Paper (2004)

2005

38. Real Exchange Rate Volatility and the Price of Nontradable Goods in Economies Prone to Sudden Stops
    Economía Journal, 2005, Volume 6 Number 1, (Fall 2005), 103-148 View citations (75)
39. Why hasn't tax competition triggered a race to the bottom? Some quantitative lessons from the EU
    Journal of Monetary Economics, 2005, 52, (1), 163-204 View citations (114)

2004

40. Introduction: macroeconomic implications of capital flows in a global economy
    Journal of Economic Theory, 2004, 119, (1), 1-5
41. Por qué las economías emergentes deberían renunciar a sus monedas nacionales. La dolarización como un caso de la "sustitución de instituciones"
    El Trimestre Económico, 2004, LXXI (1), (281), 7-41
42. Putting the brakes on Sudden Stops: the financial frictions - moral hazard tradeoff of asset price guarantees
    Proceedings, 2004, (Jun)
    See also Working Paper (2004)

2001

43. The Benefits of Dollarization When Stabilization Policy Lacks Credibility and Financial Markets Are Imperfect
    Journal of Money, Credit and Banking, 2001, 33, (2), 440-74 View citations (37)
    Also in Proceedings, 2001, 440-481 (2001) View citations (40)

2000

44. Capital-Markets Crises and Economic Collapse in Emerging Markets: An Informational-Frictions Approach
    American Economic Review, 2000, 90, (2), 59-64 View citations (97)
45. Devaluation risk and the business-cycle implications of exchange-rate management
    Carnegie-Rochester Conference Series on Public Policy, 2000, 53, (1), 239-296 View citations (65)
46. Rational contagion and the globalization of securities markets
    Journal of International Economics, 2000, 51, (1), 79-113 View citations (458)
    See also Working Paper (1999)

1998

47. The International Ramifications of Tax Reforms: Supply-Side Economics in a Global Economy
    American Economic Review, 1998, 88, (1), 226-45 View citations (117)
    See also Working Paper (1995)

1997

48. Comment on "Short-Run Independence of Monetary Policy under Pegged Exchange Rates."
    Journal of Money, Credit and Banking, 1997, 29, (4), 807-10
49. On the ineffectiveness of tax policy in altering long-run growth: Harberger's superneutrality conjecture
    Journal of Public Economics, 1997, 66, (1), 99-126 View citations (295)
    See also Working Paper (1996)
50. Terms-of-trade uncertainty and economic growth
    Journal of Development Economics, 1997, 54, (2), 323-356 View citations (170)

1996

51. Mexico's balance-of-payments crisis: a chronicle of a death foretold
    Journal of International Economics, 1996, 41, (3-4), 235-264 View citations (209)
    See also Working Paper (1996)
52. Petty Crime and Cruel Punishment: Lessons from the Mexican Debacle
    American Economic Review, 1996, 86, (2), 170-75 View citations (47)

1995

53. The Terms of Trade, the Real Exchange Rate, and Economic Fluctuations
    International Economic Review, 1995, 36, (1), 101-37 View citations (613)

1994

54. Effective tax rates in macroeconomics: Cross-country estimates of tax rates on factor incomes and consumption
    Journal of Monetary Economics, 1994, 34, (3), 297-323 View citations (893)
    See also Working Paper (1994)
55. The Balassa-Samuelson Model: A General-Equilibrium Appraisal
    Review of International Economics, 1994, 2, (3), 244-67 View citations (130)
56. Trade Reforms of Uncertain Duration and Real Uncertainty: A First Approximation
    IMF Staff Papers, 1994, 41, (4), 555-586 View citations (15)
    See also Working Paper (1994)

1992

57. Dynamic gains from North American free trade in an equilibrium model of the current account
    The North American Journal of Economics and Finance, 1992, 3, (2), 141-161 View citations (2)
58. Fisherian Transmission and Efficient Arbitrage under Partial Financial Indexation: The Case of Chile
    IMF Staff Papers, 1992, 39, (1), 121-147 View citations (2)
59. The Effects of Macroeconomic Shocks in a Basic Equilibrium Framework
    IMF Staff Papers, 1992, 39, (4), 855-889 View citations (33)

1991

60. Capital Controls and the Gains from Trade in a Business Cycle Model of a Small Open Economy
    IMF Staff Papers, 1991, 38, (3), 480-505 View citations (36)
61. Real Business Cycles in a Small Open Economy
    American Economic Review, 1991, 81, (4), 797-818 View citations (818)

Chapters

2018

1. Macroprudential Policy: Promise and Challenges
   Chapter 07 in Monetary Policy and Global Spillovers: Mechanisms, Effects and Policy Measures, 2018, vol. 25, pp 225-277
   See also Working Paper (2016)
2. Monetary Policy and Global Spillovers: Mechanisms, Effects and Policy Measures – An Overview
   Chapter 01 in Monetary Policy and Global Spillovers: Mechanisms, Effects and Policy Measures, 2018, vol. 25, pp 001-008 View citations (1)

2016

3. Fundamentals News, Global Liquidity, and Macroprudential Policy
   A chapter in NBER International Seminar on Macroeconomics 2015, 2016 View citations (43)
   See also Working Paper (2016)
   Journal Article in Journal of International Economics (2016)
4. What is a Sustainable Public Debt?
   Elsevier View citations (61)
   See also Working Paper (2015)

2014

5. An Anatomy of Credit Booms and their Demise
   Chapter 6 in Capital Mobility and Monetary Policy, 2014, vol. 18, pp 165-204 View citations (22)
   See also Working Paper (2013)
   Journal Article in Journal Economía Chilena (The Chilean Economy) (2012)

2013

6. Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default
   A chapter in Sovereign Debt and Financial Crises, 2013 View citations (17)
   See also Journal Article in Journal of the European Economic Association (2016)
   Working Paper (2016)

2011

7. Optimal macroprudential regulation in a Fisherian model of financial crises
   A chapter in Macroprudential regulation and policy, 2011, vol. 60, pp 66-72 View citations (1)

2009

8. Comment on "Financial Integration within EU Countries: The Role of Institutions, Confidence and Trust"
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 395-400
9. On the Welfare Implications of Financial Globalization without Financial Development
   A chapter in NBER International Seminar on Macroeconomics 2007, 2009, pp 283-312 View citations (9)
   See also Working Paper (2007)

2002

10. Credit, Prices, and Crashes: Business Cycles with a Sudden Stop
    A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 335-392 View citations (158)
    See also Working Paper (2001)

2000

11. Contagion, Globalization, and the Volatility of Capital Flows
    A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 15-41 View citations (26)

Software Items

2020

1. Code and data files for "A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2020)
2. Code and data files for "FiPIt: A Simple, Fast Global Method for Solving Models with Two Endogenous States & Occasionally Binding Constraints"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2020)