Details about Jay C. Shambaugh

Access statistics for papers by Jay C. Shambaugh.

Last updated 2025-02-04. Update your information in the RePEc Author Service.

Short-id: psh497

Working Papers

2023

1. Currency Areas, Labor Markets, and Regional Cyclical Sensitivity
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (1)
   See also Journal Article Currency Areas, Labor Markets, and Regional Cyclical Sensitivity, IMF Economic Review, Palgrave Macmillan (2024) (2024)

2021

2. The Recovery From The Great Recession: A Long, Evolving Expansion
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2021) View citations (8)
   See also Journal Article The Recovery from the Great Recession: A Long, Evolving Expansion, The ANNALS of the American Academy of Political and Social Science (2021) (2021)

2019

3. Trade Shocks and the Shifting Landscape of U.S. Manufacturing
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
   See also Journal Article Trade shocks and the shifting landscape of U.S. manufacturing, Journal of International Money and Finance, Elsevier (2021) View citations (7) (2021)

2015

4. International Currency Exposures, Valuation Effects and the Global Financial Crisis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (162)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (163)
   Working Papers, The George Washington University, Institute for International Economic Policy (2015) View citations (139)
   See also Journal Article International currency exposures, valuation effects and the global financial crisis, Journal of International Economics, Elsevier (2015) View citations (156) (2015)
   Chapter International Currency Exposures, Valuation Effects, and the Global Financial Crisis, NBER Chapters, National Bureau of Economic Research, Inc (2014) View citations (5) (2014)
5. Rounding the Corners of the Policy Trilemma: Sources of monetary policy autonomy
   Working Papers, The George Washington University, Institute for International Economic Policy View citations (151)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (61)
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2013) View citations (60)
   See also Journal Article Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy, American Economic Journal: Macroeconomics, American Economic Association (2015) View citations (178) (2015)

2014

6. Adjustment in Euro Area Deficit Countries: Progress, Challenges, and Policies
   IMF Staff Discussion Notes, International Monetary Fund View citations (11)
7. Progress Towards External Adjustment in the Euro Area Periphery and the Baltics
   IMF Working Papers, International Monetary Fund View citations (14)

2013

8. The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics: Many Paths to the Same Endpoint
   IMF Working Papers, International Monetary Fund View citations (38)

2009

9. Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (201)
   See also Journal Article Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008, American Economic Review, American Economic Association (2009) View citations (193) (2009)
10. Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Chapter Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (1) (2010)
    Journal Article Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks, American Economic Journal: Economic Policy, American Economic Association (2012) View citations (18) (2012)
11. The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2008) View citations (11)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (10)
    See also Journal Article The long or short of it: Determinants of foreign currency exposure in external balance sheets, Journal of International Economics, Elsevier (2010) View citations (47) (2010)

2008

12. Financial Stability, the Trilemma, and International Reserves
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (87)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (74)
    See also Journal Article Financial Stability, the Trilemma, and International Reserves, American Economic Journal: Macroeconomics, American Economic Association (2010) View citations (254) (2010)
13. Financial exchange rates and international currency exposures
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (49)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (51)
    The Institute for International Integration Studies Discussion Paper Series, IIIS (2007) View citations (50)
    See also Journal Article Financial Exchange Rates and International Currency Exposures, American Economic Review, American Economic Association (2010) View citations (194) (2010)
    Chapter Financial exchange rates and international currency exposures, CGFS Papers chapters, Bank for International Settlements (2007) View citations (53) (2007)

2007

14. The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2006) View citations (8)
    IMF Working Papers, International Monetary Fund (2006) View citations (12)
    See also Journal Article The impact of foreign interest rates on the economy: The role of the exchange rate regime, Journal of International Economics, Elsevier (2008) View citations (157) (2008)

2006

15. The Nature of Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)

2004

16. Fixed Exchange Rates and Trade
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
    See also Journal Article Fixed exchange rates and trade, Journal of International Economics, Elsevier (2006) View citations (103) (2006)
17. Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
    International Finance, University Library of Munich, Germany View citations (76)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (93)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2004) View citations (92)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (91)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (93)
    See also Journal Article Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period, IMF Staff Papers, Palgrave Macmillan (2004) View citations (96) (2004)
18. The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (49)
    Also in International Finance, University Library of Munich, Germany (2004) View citations (49)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (50)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (66)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2004) View citations (59)
    See also Journal Article The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility, The Review of Economics and Statistics, MIT Press (2005) View citations (423) (2005)

Journal Articles

2024

1. Currency Areas, Labor Markets, and Regional Cyclical Sensitivity
   IMF Economic Review, 2024, 72, (1), 152-195
   See also Working Paper Currency Areas, Labor Markets, and Regional Cyclical Sensitivity, Working Paper Series (2023) View citations (1) (2023)
2. Interest rates across the world: Global, regional, and idiosyncratic factors
   Journal of Banking & Finance, 2024, 163, (C)

2021

3. Reprint: Trade shocks and the shifting landscape of U.S. manufacturing
   Journal of International Money and Finance, 2021, 114, (C) View citations (6)
4. The Recovery from the Great Recession: A Long, Evolving Expansion
   The ANNALS of the American Academy of Political and Social Science, 2021, 695, (1), 28-48
   See also Working Paper The Recovery From The Great Recession: A Long, Evolving Expansion, NBER Working Papers (2021) View citations (6) (2021)
5. Trade shocks and the shifting landscape of U.S. manufacturing
   Journal of International Money and Finance, 2021, 111, (C) View citations (7)
   See also Working Paper Trade Shocks and the Shifting Landscape of U.S. Manufacturing, NBER Working Papers (2019) View citations (10) (2019)

2016

6. The rise and fall of European current account deficits
   Economic Policy, 2016, 31, (85), 153-199 View citations (14)

2015

7. International currency exposures, valuation effects and the global financial crisis
   Journal of International Economics, 2015, 96, (S1), S98-S109 View citations (156)
   See also Chapter International Currency Exposures, Valuation Effects, and the Global Financial Crisis, NBER Chapters, 2014, 98-109 (2014) View citations (5) (2014)
   Working Paper International Currency Exposures, Valuation Effects and the Global Financial Crisis, CEPR Discussion Papers (2015) View citations (162) (2015)
8. Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy
   American Economic Journal: Macroeconomics, 2015, 7, (4), 33-66 View citations (178)
   See also Working Paper Rounding the Corners of the Policy Trilemma: Sources of monetary policy autonomy, Working Papers (2015) View citations (151) (2015)

2012

9. Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks
   American Economic Journal: Economic Policy, 2012, 4, (2), 95-114 View citations (18)
   See also Working Paper Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks, NBER Working Papers (2009) View citations (14) (2009)
   Chapter Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks, NBER Chapters, 2010, 95-114 (2010) View citations (1) (2010)
10. The Euro's Three Crises
    Brookings Papers on Economic Activity, 2012, 43, (1 (Spring)), 157-231 View citations (63)

2010

11. Financial Exchange Rates and International Currency Exposures
    American Economic Review, 2010, 100, (1), 518-40 View citations (194)
    See also Working Paper Financial exchange rates and international currency exposures, Discussion Paper Series 1: Economic Studies (2008) View citations (2) (2008)
    Chapter Financial exchange rates and international currency exposures, CGFS Papers chapters, 2007, 29, 90-127 (2007) View citations (53) (2007)
12. Financial Stability, the Trilemma, and International Reserves
    American Economic Journal: Macroeconomics, 2010, 2, (2), 57-94 View citations (254)
    See also Working Paper Financial Stability, the Trilemma, and International Reserves, NBER Working Papers (2008) View citations (87) (2008)
13. The long or short of it: Determinants of foreign currency exposure in external balance sheets
    Journal of International Economics, 2010, 80, (1), 33-44 View citations (47)
    See also Working Paper The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets, NBER Working Papers (2009) View citations (15) (2009)

2009

14. Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
    American Economic Review, 2009, 99, (2), 480-86 View citations (193)
    See also Working Paper Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008, NBER Working Papers (2009) View citations (201) (2009)

2008

15. A new look at pass-through
    Journal of International Money and Finance, 2008, 27, (4), 560-591 View citations (95)
16. Peter B. Kenen and Ellen E. Meade, Regional Monetary Integration, Cambridge University Press (2008)
    Journal of International Economics, 2008, 76, (1), 133-135
17. The dynamics of exchange rate regimes: Fixes, floats, and flips
    Journal of International Economics, 2008, 75, (1), 70-92 View citations (120)
18. The impact of foreign interest rates on the economy: The role of the exchange rate regime
    Journal of International Economics, 2008, 74, (2), 341-361 View citations (157)
    See also Working Paper The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime, NBER Working Papers (2007) View citations (9) (2007)

2006

19. An experiment with multiple currencies: the American monetary system from 1838-60
    Explorations in Economic History, 2006, 43, (4), 609-645 View citations (2)
20. Fixed exchange rates and trade
    Journal of International Economics, 2006, 70, (2), 359-383 View citations (103)
    See also Working Paper Fixed Exchange Rates and Trade, NBER Working Papers (2004) View citations (43) (2004)

2005

21. The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility
    The Review of Economics and Statistics, 2005, 87, (3), 423-438 View citations (423)
    See also Working Paper The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility, CEPR Discussion Papers (2004) View citations (49) (2004)

2004

22. Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
    IMF Staff Papers, 2004, 51, (s1), 75-108 View citations (96)
    See also Working Paper Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period, International Finance (2004) View citations (76) (2004)
23. The Effect of Fixed Exchange Rates on Monetary Policy
    The Quarterly Journal of Economics, 2004, 119, (1), 301-352 View citations (504)

Books

2012

1. Exchange Rate Regimes in the Modern Era, vol 1
   MIT Press Books, The MIT Press View citations (21)
   Also in MIT Press Books, The MIT Press (2010) View citations (107)

Chapters

2014

1. International Currency Exposures, Valuation Effects, and the Global Financial Crisis
   A chapter in NBER International Seminar on Macroeconomics 2014, 2014, pp 98-109 View citations (5)
   See also Journal Article International currency exposures, valuation effects and the global financial crisis, Elsevier (2015) View citations (156) (2015)
   Working Paper International Currency Exposures, Valuation Effects and the Global Financial Crisis, C.E.P.R. Discussion Papers (2015) View citations (162) (2015)
2. Rethinking Exchange Rate Regimes after the Crisis
   Chapter 19 in What Have We Learned? Macroeconomic Policy After the Crisis, 2014, vol. 1, pp 229-244

2010

3. Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks
   A chapter in Fiscal Policy (Trans-Atlantic Public Economics Seminar, TAPES), 2010, pp 95-114 View citations (1)
   See also Journal Article Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks, American Economic Association (2012) View citations (18) (2012)
   Working Paper Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks, National Bureau of Economic Research, Inc (2009) View citations (14) (2009)

2007

4. Financial exchange rates and international currency exposures
   A chapter in Research on global financial stability: the use of BIS international financial statistics, 2007, vol. 29, pp 90-127 View citations (53)
   See also Working Paper Financial exchange rates and international currency exposures, Deutsche Bundesbank (2008) View citations (2) (2008)
   Journal Article Financial Exchange Rates and International Currency Exposures, American Economic Association (2010) View citations (194) (2010)