Details about Sergio Rebelo

E-mail:	s-rebelo@kellogg.northwestern.edu
Homepage:	https://www.kellogg.northwestern.edu/faculty/rebelo/htm/research.html
Postal address:	Kellogg School of Management Northwestern University 2001 Sheridan Road Evanston, IL 60208-2001
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) Department of Finance, Kellogg Graduate School of Management, Northwestern University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Sergio Rebelo.

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Working Papers

2019

1. Trading Up and the Skill Premium
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (10)
   See also Chapter Trading Up and the Skill Premium, NBER Chapters, National Bureau of Economic Research, Inc (2019) View citations (8) (2019)
2. What is the Optimal Immigration Policy? Migration, Jobs and Welfare
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (8)

2018

3. Markups Across Space and Time
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
4. Rare Disasters, Financial Development, and Sovereign Debt
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (9)
5. Should Robots be Taxed?
   2018 Meeting Papers, Society for Economic Dynamics View citations (4)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (53)
6. State Dependent Effects of Monetary Policy: the Refinancing Channel
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (27)

2017

7. A World Equilibrium Model of the Oil Market
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
8. Monetary Policy and the Predictability of Nominal Exchange Rates
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
   Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2017) View citations (15)
9. The Cyclicality of Gross Margins
   2017 Meeting Papers, Society for Economic Dynamics

2015

10. Long-run Bulls and Bears
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (26)
    See also Journal Article Long-run bulls and bears, Journal of Monetary Economics, Elsevier (2015) View citations (26) (2015)
11. Trading Down and the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (21)
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2015) View citations (17)
    See also Journal Article Trading down and the business cycle, Journal of Monetary Economics, Elsevier (2019) View citations (28) (2019)

2013

12. Non-linear effects of taxation on growth
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (17)
    See also Journal Article Nonlinear Effects of Taxation on Growth, Journal of Political Economy, University of Chicago Press (2017) View citations (62) (2017)

2012

13. How Frequent Are Small Price Changes?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (56)
    See also Journal Article How Frequent Are Small Price Changes?, American Economic Journal: Macroeconomics, American Economic Association (2014) View citations (70) (2014)
14. Understanding Booms and Busts in Housing Markets
    2012 Meeting Papers, Society for Economic Dynamics View citations (5)
    Also in FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta (2012) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (103)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (98)
    See also Journal Article Understanding Booms and Busts in Housing Markets, Journal of Political Economy, University of Chicago Press (2016) View citations (182) (2016)
15. Valuation Risk and Asset Pricing
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (15)
    See also Journal Article Valuation Risk and Asset Pricing, Journal of Finance, American Finance Association (2016) View citations (84) (2016)

2011

16. Carry Trade and Momentum in Currency Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (125)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (122)
    See also Journal Article Carry Trade and Momentum in Currency Markets, Annual Review of Financial Economics, Annual Reviews (2011) View citations (122) (2011)
17. What Explains the Lagged Investment Effect?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (13)
    See also Journal Article What explains the lagged-investment effect?, Journal of Monetary Economics, Elsevier (2012) View citations (85) (2012)

2010

18. Do Peso Problems Explain the Returns to the Carry Trade?
    Working Papers, Duke University, Department of Economics View citations (42)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (53)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (46)
    See also Journal Article Do Peso Problems Explain the Returns to the Carry Trade?, The Review of Financial Studies, Society for Financial Studies (2011) View citations (251) (2011)
19. Reference Prices and Nominal Rigidities
    2010 Meeting Papers, Society for Economic Dynamics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (58)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (46)
20. When is the government spending multiplier large?
    FRB Atlanta CQER Working Paper, Federal Reserve Bank of Atlanta View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (246)
    See also Journal Article When Is the Government Spending Multiplier Large?, Journal of Political Economy, University of Chicago Press (2011) View citations (1540) (2011)

2009

21. Investment and Value: a Neoclassical Benchmark
    Cahiers de recherche, CIRPEE View citations (18)
    Also in Cahiers de recherche, HEC Montréal, Institut d'économie appliquée (2008) View citations (47)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (50)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (57)

2007

22. News and Business Cycles in Open Economies
    Discussion Papers, Stanford Institute for Economic Policy Research View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (11)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (11)
    See also Journal Article News and Business Cycles in Open Economies, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (80) (2008)
23. The Returns to Currency Speculation in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (113)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (112)
    See also Journal Article The Returns to Currency Speculation in Emerging Markets, American Economic Review, American Economic Association (2007) View citations (113) (2007)
24. Understanding the Forward Premium Puzzle: A Microstructure Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (17)
    See also Journal Article Understanding the Forward Premium Puzzle: A Microstructure Approach, American Economic Journal: Macroeconomics, American Economic Association (2009) View citations (68) (2009)

2006

25. Behavioral Theories of the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (2)
    Discussion Papers, Stanford Institute for Economic Policy Research (2006) View citations (1)
    See also Journal Article Behavioral Theories of the Business Cycle, Journal of the European Economic Association, MIT Press (2007) View citations (28) (2007)
26. Can News About the Future Drive the Business Cycle?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (112)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (110)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (110)
    See also Journal Article Can News about the Future Drive the Business Cycle?, American Economic Review, American Economic Association (2009) View citations (738) (2009)
27. The Returns to Currency Speculation
    2006 Meeting Papers, Society for Economic Dynamics View citations (115)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (123)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (117)
28. When Is It Optimal to Abandon a Fixed Exchange Rate?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)

2005

29. Modeling Exchange Rate Passthrough After Large Devaluations
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (12)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2005) View citations (13)
    See also Journal Article Modeling exchange rate passthrough after large devaluations, Journal of Monetary Economics, Elsevier (2007) View citations (78) (2007)
30. Real Business Cycle Models: Past, Present and Future
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (139)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (139)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2005) View citations (140)
31. The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2005) View citations (24)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (19)
    See also Journal Article The importance of nontradable goods' prices in cyclical real exchange rate fluctuations, Japan and the World Economy, Elsevier (2006) View citations (41) (2006)

2004

32. Investment Prices and Exchange Rates: Some Basic Facts
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (68)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (69)
    See also Journal Article Investment Prices and Exchange Rates: Some Basic Facts, Journal of the European Economic Association, MIT Press (2004) View citations (68) (2004)
33. Large Devaluations and the Real Exchange Rate
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (21)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2004) View citations (21)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (22)
    2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (37)
    See also Journal Article Large Devaluations and the Real Exchange Rate, Journal of Political Economy, University of Chicago Press (2005) View citations (372) (2005)

2003

34. Government Finance in the Wake of Currency Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2003) View citations (17)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (17)
    See also Journal Article Government finance in the wake of currency crises, Journal of Monetary Economics, Elsevier (2006) View citations (30) (2006)

2002

35. Why Are Rates of Inflation So Low After Large Devaluations?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (106)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2002) View citations (85)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (79)

2001

36. Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based Stabilization
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (33)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (77)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2000) View citations (109)
    See also Journal Article Distribution costs and real exchange rate dynamics during exchange-rate-based stabilizations, Journal of Monetary Economics, Elsevier (2003) View citations (467) (2003)
37. Equilibrium Unemployment
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (92)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (19)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (37)
    See also Journal Article Equilibrium unemployment, Journal of Monetary Economics, Elsevier (2001) View citations (97) (2001)
38. On the Fiscal Implications of Twin Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2001) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (7)
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (2001) View citations (7)
    See also Chapter On the Fiscal Implications of Twin Crises, NBER Chapters, National Bureau of Economic Research, Inc (2003) View citations (20) (2003)

2000

39. On the Fundamentals of Self-Fulfilling Prophecies
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER)
40. On the Fundamentals of Self-Fulfilling Speculative Attacks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (21)
41. Resuscitating Real Business Cycles
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (253)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) View citations (207)
    See also Chapter Resuscitating real business cycles, Handbook of Macroeconomics, Elsevier (1999) View citations (856) (1999)

1999

42. Hedging and Financial Fragilities in Fixed Exchange Rate Regimes
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (15)
43. Hedging and Financial Fragility in Fixed Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (69)
    Working Paper Series, Federal Reserve Bank of Chicago (1999) View citations (71)
    See also Journal Article Hedging and financial fragility in fixed exchange rate regimes, European Economic Review, Elsevier (2001) View citations (149) (2001)
44. Long Run Policy Analysis and Long Run Growth
    Levine's Working Paper Archive, David K. Levine View citations (34)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1990) View citations (103)
    See also Journal Article Long-Run Policy Analysis and Long-Run Growth, Journal of Political Economy, University of Chicago Press (1991) View citations (1713) (1991)
45. Prospective deficits and the asian currency crisis
    Policy Research Working Paper Series, The World Bank View citations (12)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1998) View citations (33)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (19)
    Working Paper Series, Federal Reserve Bank of Chicago (1998) View citations (49)
    NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (36)
    See also Journal Article Prospective Deficits and the Asian Currency Crisis, Journal of Political Economy, University of Chicago Press (2001) View citations (191) (2001)

1998

46. On the Dynamics of Trade Reform
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article On the dynamics of trade reform, Journal of International Economics, Elsevier (2000) View citations (17) (2000)
47. The Role of Knowledge and Capital in Economic Growth
    Research Paper, World Institute for Development Economics Research View citations (13)

1997

48. Beyond Balanced Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (40)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1997)
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (47)
    See also Journal Article Beyond Balanced Growth, The Review of Economic Studies, Review of Economic Studies Ltd (2001) View citations (687) (2001)
49. On the Determinant of Economic Growth
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (2)
50. On the Optimality of Interest Rate Smoothing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1996)
    See also Journal Article On the optimality of interest rate smoothing, Journal of Monetary Economics, Elsevier (1999) View citations (34) (1999)
51. What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (17)

1995

52. Capital Utilization and Returns to Scale
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (270)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1995) View citations (278)
    Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (233)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (278)
    See also Chapter Capital Utilization and Returns to Scale, NBER Chapters, National Bureau of Economic Research, Inc (1995) View citations (259) (1995)
53. Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (178)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1995) View citations (167)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1995) View citations (193)
    See also Chapter Real Effects of Exchange-Rate-Based Stabilization: An Analysis of Competing Theories, NBER Chapters, National Bureau of Economic Research, Inc (1995) View citations (170) (1995)
54. Sectoral Solow Residuals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Macroeconomic Issues, Federal Reserve Bank of Chicago (1995) View citations (6)
    See also Journal Article Sectoral Solow residuals, European Economic Review, Elsevier (1996) View citations (67) (1996)

1994

55. Business Cycles in a Small Open Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    See also Journal Article Business cycles in a small open economy, European Economic Review, Elsevier (1995) View citations (263) (1995)
56. Fiscal Policy and Economic Growth: An Empirical Investigation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (38)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) View citations (1066)
    See also Journal Article Fiscal policy and economic growth: An empirical investigation, Journal of Monetary Economics, Elsevier (1993) View citations (1169) (1993)
57. Policy, Technology Adoption and Growth
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (40)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (37)

1993

58. Growth Effects of Flat-Rate Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    See also Journal Article Growth Effects of Flat-Rate Taxes, Journal of Political Economy, University of Chicago Press (1995) View citations (374) (1995)

1992

59. Growth in Open Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (90)
    Also in Policy Research Working Paper Series, The World Bank (1991) View citations (6)
    See also Journal Article Growth in open economies, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1992) View citations (89) (1992)
60. How Do National Policies Affect Long-Run Growth? A Research Agenda
    World Bank - Discussion Papers, World Bank View citations (3)
    Also in Policy Research Working Paper Series, The World Bank (1991) View citations (7)
61. Marginal income tax rates and economic growth in developing countries
    Policy Research Working Paper Series, The World Bank View citations (4)
    See also Journal Article Marginal income tax rates and economic growth in developing countries, European Economic Review, Elsevier (1993) View citations (97) (1993)

1990

62. Labor Hoarding and the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (193)
    See also Journal Article Labor Hoarding and the Business Cycle, Journal of Political Economy, University of Chicago Press (1993) View citations (326) (1993)
63. Public Policy and Economic Growth: Developing Neoclassical Implications
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (506)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1988) View citations (5)
    See also Journal Article Public Policy and Economic Growth: Developing Neoclassical Implications, Journal of Political Economy, University of Chicago Press (1990) View citations (522) (1990)

1989

64. LOW FREQUENCY FILTERING AND REAL BUSINESS CYCLES
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (18)
    See also Journal Article Low frequency filtering and real business cycles, Journal of Economic Dynamics and Control, Elsevier (1993) View citations (443) (1993)
65. TRANSITIONAL DYNAMICS AND ECONOMIC GROWTH IN THE NEOCLASSICAL MODEL
    RCER Working Papers, University of Rochester - Center for Economic Research (RCER) View citations (26)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations (23)
    See also Journal Article Transitional Dynamics and Economic Growth in the Neoclassical Model, American Economic Review, American Economic Association (1993) View citations (251) (1993)

Journal Articles

2019

1. Trading down and the business cycle
   Journal of Monetary Economics, 2019, 102, (C), 96-121 View citations (28)
   See also Working Paper Trading Down and the Business Cycle, NBER Working Papers (2015) View citations (16) (2015)

2018

2. Understanding the Volatility of the Canadian Exchange Rate
   C.D. Howe Institute Commentary, 2018, (502) View citations (1)

2017

3. Nonlinear Effects of Taxation on Growth
   Journal of Political Economy, 2017, 125, (1), 265 - 291 View citations (62)
   See also Working Paper Non-linear effects of taxation on growth, FRB Atlanta CQER Working Paper (2013) View citations (5) (2013)

2016

4. Understanding Booms and Busts in Housing Markets
   Journal of Political Economy, 2016, 124, (4), 1088 - 1147 View citations (182)
   See also Working Paper Understanding Booms and Busts in Housing Markets, 2012 Meeting Papers (2012) View citations (5) (2012)
5. Valuation Risk and Asset Pricing
   Journal of Finance, 2016, 71, (6), 2861-2904 View citations (84)
   See also Working Paper Valuation Risk and Asset Pricing, CEPR Discussion Papers (2012) View citations (14) (2012)

2015

6. Long-run bulls and bears
   Journal of Monetary Economics, 2015, 76, (S), S21-S36 View citations (26)
   See also Working Paper Long-run Bulls and Bears, NBER Working Papers (2015) View citations (26) (2015)

2014

7. How Frequent Are Small Price Changes?
   American Economic Journal: Macroeconomics, 2014, 6, (2), 137-55 View citations (70)
   See also Working Paper How Frequent Are Small Price Changes?, NBER Working Papers (2012) View citations (56) (2012)

2012

8. What explains the lagged-investment effect?
   Journal of Monetary Economics, 2012, 59, (4), 370-380 View citations (85)
   See also Working Paper What Explains the Lagged Investment Effect?, NBER Working Papers (2011) View citations (7) (2011)

2011

9. Carry Trade and Momentum in Currency Markets
   Annual Review of Financial Economics, 2011, 3, (1), 511-535 View citations (122)
   See also Working Paper Carry Trade and Momentum in Currency Markets, NBER Working Papers (2011) View citations (125) (2011)
10. Do Peso Problems Explain the Returns to the Carry Trade?
    The Review of Financial Studies, 2011, 24, (3), 853-891 View citations (251)
    See also Working Paper Do Peso Problems Explain the Returns to the Carry Trade?, Working Papers (2010) View citations (42) (2010)
11. Reference Prices, Costs, and Nominal Rigidities
    American Economic Review, 2011, 101, (1), 234-62 View citations (226)
12. When Is the Government Spending Multiplier Large?
    Journal of Political Economy, 2011, 119, (1), 78 - 121 View citations (1540)
    See also Working Paper When is the government spending multiplier large?, FRB Atlanta CQER Working Paper (2010) View citations (15) (2010)

2009

13. Can News about the Future Drive the Business Cycle?
    American Economic Review, 2009, 99, (4), 1097-1118 View citations (738)
    See also Working Paper Can News About the Future Drive the Business Cycle?, NBER Working Papers (2006) View citations (112) (2006)
14. Understanding the Forward Premium Puzzle: A Microstructure Approach
    American Economic Journal: Macroeconomics, 2009, 1, (2), 127-54 View citations (68)
    See also Working Paper Understanding the Forward Premium Puzzle: A Microstructure Approach, NBER Working Papers (2007) View citations (20) (2007)

2008

15. Carry Trade: The Gains of Diversification
    Journal of the European Economic Association, 2008, 6, (2-3), 581-588 View citations (49)
16. News and Business Cycles in Open Economies
    Journal of Money, Credit and Banking, 2008, 40, (8), 1699-1711 View citations (80)
    See also Working Paper News and Business Cycles in Open Economies, Discussion Papers (2007) View citations (11) (2007)
17. When is it Optimal to Abandon a Fixed Exchange Rate? -super-1
    The Review of Economic Studies, 2008, 75, (3), 929-955 View citations (15)

2007

18. Behavioral Theories of the Business Cycle
    Journal of the European Economic Association, 2007, 5, (2-3), 361-368 View citations (28)
    See also Working Paper Behavioral Theories of the Business Cycle, NBER Working Papers (2006) View citations (1) (2006)
19. Modeling exchange rate passthrough after large devaluations
    Journal of Monetary Economics, 2007, 54, (2), 346-368 View citations (78)
    See also Working Paper Modeling Exchange Rate Passthrough After Large Devaluations, CEPR Discussion Papers (2005) View citations (11) (2005)
20. The Returns to Currency Speculation in Emerging Markets
    American Economic Review, 2007, 97, (2), 333-338 View citations (113)
    See also Working Paper The Returns to Currency Speculation in Emerging Markets, NBER Working Papers (2007) View citations (113) (2007)

2006

21. Government finance in the wake of currency crises
    Journal of Monetary Economics, 2006, 53, (3), 401-440 View citations (30)
    See also Working Paper Government Finance in the Wake of Currency Crises, NBER Working Papers (2003) View citations (18) (2003)
22. The importance of nontradable goods' prices in cyclical real exchange rate fluctuations
    Japan and the World Economy, 2006, 18, (3), 247-253 View citations (41)
    See also Working Paper The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations, NBER Working Papers (2005) View citations (23) (2005)

2005

23. Business Cycles
    Annals of Economics and Finance, 2005, 6, (2), 229-250 View citations (2)
24. Large Devaluations and the Real Exchange Rate
    Journal of Political Economy, 2005, 113, (4), 742-784 View citations (372)
    See also Working Paper Large Devaluations and the Real Exchange Rate, CEPR Discussion Papers (2004) View citations (21) (2004)

2004

25. Government guarantees and self-fulfilling speculative attacks
    Journal of Economic Theory, 2004, 119, (1), 31-63 View citations (87)
26. Investment Prices and Exchange Rates: Some Basic Facts
    Journal of the European Economic Association, 2004, 2, (2-3), 302-309 View citations (68)
    See also Working Paper Investment Prices and Exchange Rates: Some Basic Facts, CEPR Discussion Papers (2004) View citations (68) (2004)

2003

27. Distribution costs and real exchange rate dynamics during exchange-rate-based stabilizations
    Journal of Monetary Economics, 2003, 50, (6), 1189-1214 View citations (467)
    See also Working Paper Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based Stabilization, CEPR Discussion Papers (2001) View citations (33) (2001)

2002

28. Production, Growth and Business Cycles: Technical Appendix
    Computational Economics, 2002, 20, (1-2), 87-116 View citations (156)

2001

29. Beyond Balanced Growth
    The Review of Economic Studies, 2001, 68, (4), 869-882 View citations (687)
    See also Working Paper Beyond Balanced Growth, CEPR Discussion Papers (1997) View citations (40) (1997)
30. Equilibrium unemployment
    Journal of Monetary Economics, 2001, 48, (1), 109-152 View citations (97)
    See also Working Paper Equilibrium Unemployment, RCER Working Papers (2001) View citations (92) (2001)
31. Hedging and financial fragility in fixed exchange rate regimes
    European Economic Review, 2001, 45, (7), 1151-1193 View citations (149)
    See also Working Paper Hedging and Financial Fragility in Fixed Exchange Rate Regimes, NBER Working Papers (1999) View citations (66) (1999)
32. Prospective Deficits and the Asian Currency Crisis
    Journal of Political Economy, 2001, 109, (6), 1155-1197 View citations (191)
    See also Working Paper Prospective deficits and the asian currency crisis, Policy Research Working Paper Series (1999) View citations (12) (1999)

2000

33. Interest-rate and borrowing defense against speculative attack a comment
    Carnegie-Rochester Conference Series on Public Policy, 2000, 53, (1), 349-359
34. On the dynamics of trade reform
    Journal of International Economics, 2000, 51, (1), 21-47 View citations (17)
    See also Working Paper On the Dynamics of Trade Reform, NBER Working Papers (1998) View citations (9) (1998)
35. Understanding the Korean and Thai currency crises
    Economic Perspectives, 2000, 25, (Q III), 45-60 View citations (4)

1999

36. On the optimality of interest rate smoothing
    Journal of Monetary Economics, 1999, 43, (2), 263-282 View citations (34)
    See also Working Paper On the Optimality of Interest Rate Smoothing, NBER Working Papers (1997) View citations (5) (1997)

1997

37. Comment on "Money in a Real Business Cycle Model."
    Journal of Money, Credit and Banking, 1997, 29, (4), 612-15

1996

38. Sectoral Solow residuals
    European Economic Review, 1996, 40, (3-5), 861-869 View citations (67)
    See also Working Paper Sectoral Solow Residuals, NBER Working Papers (1995) View citations (5) (1995)

1995

39. Business cycles in a small open economy
    European Economic Review, 1995, 39, (6), 1089-1113 View citations (263)
    See also Working Paper Business Cycles in a Small Open Economy, CEPR Discussion Papers (1994) View citations (14) (1994)
40. Growth Effects of Flat-Rate Taxes
    Journal of Political Economy, 1995, 103, (3), 519-50 View citations (374)
    See also Working Paper Growth Effects of Flat-Rate Taxes, NBER Working Papers (1993) View citations (18) (1993)

1993

41. Fiscal policy and economic growth: An empirical investigation
    Journal of Monetary Economics, 1993, 32, (3), 417-458 View citations (1169)
    See also Working Paper Fiscal Policy and Economic Growth: An Empirical Investigation, CEPR Discussion Papers (1994) View citations (38) (1994)
42. Labor Hoarding and the Business Cycle
    Journal of Political Economy, 1993, 101, (2), 245-73 View citations (326)
    See also Working Paper Labor Hoarding and the Business Cycle, NBER Working Papers (1990) View citations (193) (1990)
43. Low frequency filtering and real business cycles
    Journal of Economic Dynamics and Control, 1993, 17, (1-2), 207-231 View citations (443)
    See also Working Paper LOW FREQUENCY FILTERING AND REAL BUSINESS CYCLES, RCER Working Papers (1989) View citations (18) (1989)
44. Marginal income tax rates and economic growth in developing countries
    European Economic Review, 1993, 37, (2-3), 409-417 View citations (97)
    See also Working Paper Marginal income tax rates and economic growth in developing countries, Policy Research Working Paper Series (1992) View citations (4) (1992)
45. Transitional Dynamics and Economic Growth in the Neoclassical Model
    American Economic Review, 1993, 83, (4), 908-31 View citations (251)
    See also Working Paper TRANSITIONAL DYNAMICS AND ECONOMIC GROWTH IN THE NEOCLASSICAL MODEL, RCER Working Papers (1989) View citations (26) (1989)

1992

46. Business cycles from 1850 to 1950: New facts about old data
    European Economic Review, 1992, 36, (2-3), 459-467 View citations (23)
47. Growth in open economies
    Carnegie-Rochester Conference Series on Public Policy, 1992, 36, (1), 5-46 View citations (89)
    See also Working Paper Growth in Open Economies, CEPR Discussion Papers (1992) View citations (90) (1992)

1991

48. Long-Run Policy Analysis and Long-Run Growth
    Journal of Political Economy, 1991, 99, (3), 500-521 View citations (1713)
    See also Working Paper Long Run Policy Analysis and Long Run Growth, Levine's Working Paper Archive (1999) View citations (34) (1999)

1990

49. Public Policy and Economic Growth: Developing Neoclassical Implications
    Journal of Political Economy, 1990, 98, (5), S126-50 View citations (522)
    See also Working Paper Public Policy and Economic Growth: Developing Neoclassical Implications, NBER Working Papers (1990) View citations (506) (1990)

1988

50. Production, growth and business cycles: I. The basic neoclassical model
    Journal of Monetary Economics, 1988, 21, (2-3), 195-232 View citations (1397)
51. Production, growth and business cycles: II. New directions
    Journal of Monetary Economics, 1988, 21, (2-3), 309-341 View citations (654)

Chapters

2019

1. Trading Up and the Skill Premium
   A chapter in NBER Macroeconomics Annual 2019, volume 34, 2019, pp 285-316 View citations (8)
   See also Working Paper Trading Up and the Skill Premium, National Bureau of Economic Research, Inc (2019) View citations (9) (2019)

2003

2. On the Fiscal Implications of Twin Crises
   A chapter in Managing Currency Crises in Emerging Markets, 2003, pp 187-223 View citations (20)
   See also Working Paper On the Fiscal Implications of Twin Crises, National Bureau of Economic Research, Inc (2001) View citations (12) (2001)

1999

3. Resuscitating real business cycles
   Chapter 14 in Handbook of Macroeconomics, 1999, vol. 1, Part B, pp 927-1007 View citations (856)
   See also Working Paper Resuscitating Real Business Cycles, University of Rochester - Center for Economic Research (RCER) (2000) View citations (253) (2000)

1995

4. Capital Utilization and Returns to Scale
   A chapter in NBER Macroeconomics Annual 1995, Volume 10, 1995, pp 67-124 View citations (259)
   See also Working Paper Capital Utilization and Returns to Scale, National Bureau of Economic Research, Inc (1995) View citations (270) (1995)
5. Real Effects of Exchange-Rate-Based Stabilization: An Analysis of Competing Theories
   A chapter in NBER Macroeconomics Annual 1995, Volume 10, 1995, pp 125-188 View citations (170)
   See also Working Paper Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories, National Bureau of Economic Research, Inc (1995) View citations (178) (1995)

Software Items

2001

1. Matlab code for On the Fiscal Implications of Twin Crises
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles