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Details about Alan Sutherland

E-mail:
Homepage:http://www.st-and.ac.uk/~ajs10/home.html
Phone:+44 1334 462446
Postal address:Department of Economics University of St Andrews St Andrews Fife KY16 9AL United Kingdom
Workplace:Centre for Economic Policy Research (CEPR), (more information at EDIRC)
School of Economics and Finance, University of St. Andrews, (more information at EDIRC)

Access statistics for papers by Alan Sutherland.

Last updated 2019-05-31. Update your information in the RePEc Author Service.

Short-id: psu35


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Working Papers

2018

  1. Optimal Monetary Policy, Exchange Rate Misalignments and Incomplete Financial Markets
    Discussion Paper Series, School of Economics and Finance, School of Economics and Finance, University of St Andrews Downloads View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (6)
    CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis (2018) Downloads View citations (6)

    See also Journal Article in Journal of International Economics (2019)

2016

  1. Country Portfolios, Collateral Constraints and Optimal Monetary Policy
    CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis Downloads View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) Downloads View citations (5)
    Discussion Paper Series, School of Economics and Finance, School of Economics and Finance, University of St Andrews (2016) Downloads View citations (5)

2015

  1. International Risk Sharing and Portfolio Choice with Non-separable Preferences
    Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) Downloads View citations (3)

2013

  1. Nominal Stability and Financial Globalization
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) Downloads View citations (3)
    Also in Discussion Paper Series, School of Economics and Finance, School of Economics and Finance, University of St Andrews (2013) Downloads View citations (4)
    CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis (2013) Downloads View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) Downloads View citations (2)

    See also Journal Article in Journal of Money, Credit and Banking (2014)

2010

  1. Endogenous Price Flexibility and Optimal Monetary Policy
    CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis Downloads
    Also in SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2010) Downloads

    See also Journal Article in Oxford Economic Papers (2014)
  2. Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) Downloads View citations (2)
    Also in CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis (2010) Downloads

    See also Journal Article in Open Economies Review (2015)
  3. The Timing of Asset Trade and Optimal Policy in Dynamic Open Economies
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) Downloads View citations (2)
    Also in CDMA Working Paper Series, Centre for Dynamic Macroeconomic Analysis (2010) Downloads

    See also Journal Article in Macroeconomic Dynamics (2013)

2009

  1. A Portfolio Model of Capital Flows to Emerging Markets
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (41)
    See also Journal Article in Journal of Development Economics (2009)
  2. Valuation Effects and the Dynamics of Net External Assets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (8)

    See also Journal Article in Journal of International Economics (2010)

2008

  1. Country Portfolios in Open Economy Macro Models
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2008) Downloads View citations (48)

    See also Journal Article in Journal of the European Economic Association (2011)
  2. Financial globalization and monetary policy
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank Downloads View citations (38)
    Also in IMF Working Papers, International Monetary Fund (2007) Downloads View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) Downloads View citations (3)

    See also Journal Article in Journal of Monetary Economics (2008)

2007

  1. Country Portfolio Dynamics
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis Downloads View citations (14)
    Also in IMF Working Papers, International Monetary Fund (2007) Downloads View citations (22)
    2007 Meeting Papers, Society for Economic Dynamics (2007) Downloads View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) Downloads View citations (16)

    See also Journal Article in Journal of Economic Dynamics and Control (2010)
  2. Solving for Country Portfolios in Open Economy Macro Models
    Working Papers, Hong Kong Institute for Monetary Research Downloads View citations (9)
    Also in IMF Working Papers, International Monetary Fund (2007) Downloads View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (52)

2005

  1. Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Chapter (2006)
  2. Computing Second-Order-Accurate Solutions for Rational Expectation Models Using Linear Solution Methods
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis Downloads View citations (3)
    Also in Working Paper Series, European Central Bank (2005) Downloads View citations (9)

    See also Journal Article in Journal of Economic Dynamics and Control (2007)
  3. The Expenditure Switching Effect, Welfare and Monetary Policy in a Small Open Economy
    The Institute for International Integration Studies Discussion Paper Series, IIIS Downloads View citations (1)
    See also Journal Article in Journal of Economic Dynamics and Control (2006)

2004

  1. Endogenous Price Flexibility, the Expenditure Switching Effect and Exchange Rate Regime Choice
    Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group Downloads
  2. International Monetary Policy Coordination and Financial Market Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (42)
    Also in Working Paper Series, European Central Bank (2002) Downloads View citations (26)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) Downloads View citations (33)
  3. Policy Instrument Choice and non-coordinated Monetary Policy in Interdependent Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    See also Journal Article in Journal of International Money and Finance (2006)
  4. Policy instrument choice and non-coordinated monetary in interdependent economies
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank Downloads
  5. The Expenditure Switching Effect and the Choice Between Fixed and Floating Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (5)
  6. The expenditure switching effect and fixed versus floating exchange rates
    Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group Downloads

2003

  1. Monetary and fiscal interactions in open economies
    Working Paper Series, European Central Bank Downloads View citations (12)
    See also Journal Article in Journal of Macroeconomics (2004)

2002

  1. A Simple Second-Order Solution Method For Dynamic General Equilibrium Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (53)
    Also in Discussion Paper Series, School of Economics and Finance, School of Economics and Finance, University of St Andrews (2002) Downloads View citations (74)
  2. Cost-Push Shocks and Monetary Policy and Monetary Policy in Open Economies
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank Downloads
  3. Incomplete Pass-Through and the Welfare Effects of Exchange Rate Variability
    Discussion Paper Series, School of Economics and Finance, School of Economics and Finance, University of St Andrews Downloads View citations (29)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) Downloads View citations (9)

    See also Journal Article in Journal of International Economics (2005)

2001

  1. Inflation Targeting in a Small Open Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (15)

1997

  1. Monetary Regimes and Labour Market Reform
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (29)
    Also in Discussion Papers, Department of Economics, University of York View citations (7)
  2. Monetary Union, Entry Conditions and Economic Reform
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (8)
    Also in EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics Downloads View citations (6)
    Discussion Papers, Department of Economics, University of York View citations (2)

1996

  1. Exchange Rate Dynamics and Financial Market Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    Also in Discussion Papers, Department of Economics, University of York View citations (6)

1995

  1. Fiscal Crises and Aggregate Demand: Can High Public Debt Reverse the Effects of Fiscal Policy?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (18)
    Also in Discussion Papers, Department of Economics, University of York View citations (32)

    See also Journal Article in Journal of Public Economics (1997)

1994

  1. A Model of the ERM Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (16)
    Also in Discussion Papers, Department of Economics, University of York View citations (28)
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (5)

1992

  1. Contacts, Credibility and Common Knowledge; Their Influenceon Inflation Convergence
    IMF Working Papers, International Monetary Fund Downloads
    See also Journal Article in IMF Staff Papers (1993)
  2. Target Zone Models with Price Inertia: Some Testable Implications
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads

1991

  1. Inflation Convergence with Realignments in a Two-Speed Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    See also Journal Article in Economic Journal (1992)

1990

  1. BRITAIN'S RETURN TO GOLD AND IMPENDING ENTRY INTO THE EMS: EXPECTATIONS, JOINING CONDITIONS AND CREDIBILITY
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics Downloads View citations (1)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990) Downloads View citations (1)
  2. Britain's Return to Gold and Entry into the EMS: Expectations, Joining Conditions and Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)
  3. ENTERING AN PREANNOUNCED CURRENCY BAND
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics Downloads View citations (1)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990) Downloads View citations (1)

    See also Journal Article in Economics Letters (1990)
  4. MULTIPLE SOLUTIONS AND BUBBLES IN STOCHASTIC MODELS OF THE EXCHANGE RATE
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics Downloads
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990) Downloads
  5. The 'Walters Critique' of the EMS - A Case of Inconsistent Expectations
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics Downloads View citations (4)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990) Downloads
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) Downloads View citations (2)

    See also Journal Article in The Manchester School of Economic & Social Studies (1991)

1989

  1. MONETARY TARGETS, EXCHANGE RATE TARGETS AND AFTER: A STOCHASTIC "HARD- LANDING" FOR STERLING?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics Downloads View citations (1)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1989) Downloads

Undated

  1. A Currency Crisis Model with an Optimising Policymaker
    Discussion Papers, Department of Economics, University of York View citations (20)
    See also Journal Article in Journal of International Economics (1998)
  2. Exchange Rate Realignments and Realignment Expectations
    Discussion Papers, Department of Economics, University of York
    See also Journal Article in Oxford Economic Papers (1995)
  3. Intrinsic Bubbles and Mean Reverting Fundamentals
    Discussion Papers, Department of Economics, University of York
    See also Journal Article in Journal of Monetary Economics (1996)
  4. Monetary and Real Shocks and the Optimal Target Zone
    Discussion Papers, Department of Economics, University of York View citations (3)
    See also Journal Article in European Economic Review (1995)
  5. State-Contingent and Time-Dependent Switches of Exchange Rate Regime
    Discussion Papers, Department of Economics, University of York

Journal Articles

2019

  1. Optimal monetary policy, exchange rate misalignments and incomplete financial markets
    Journal of International Economics, 2019, 117, (C), 196-208 Downloads
    See also Working Paper (2018)

2015

  1. Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy
    Open Economies Review, 2015, 26, (4), 633-661 Downloads View citations (1)
    See also Working Paper (2010)

2014

  1. Endogenous price flexibility and optimal monetary policy
    Oxford Economic Papers, 2014, 66, (4), 1121-1144 Downloads View citations (2)
    See also Working Paper (2010)
  2. Nominal Stability and Financial Globalization
    Journal of Money, Credit and Banking, 2014, 46, (5), 921-959 Downloads View citations (6)
    See also Working Paper (2013)

2013

  1. THE TIMING OF ASSET TRADE AND OPTIMAL POLICY IN DYNAMIC OPEN ECONOMIES
    Macroeconomic Dynamics, 2013, 17, (8), 1543-1573 Downloads View citations (3)
    See also Working Paper (2010)

2011

  1. COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO‐MODELS
    Journal of the European Economic Association, 2011, 9, (2), 337-369 Downloads View citations (102)
    See also Working Paper (2008)
  2. Evaluating international financial integration under leverage constraints
    European Economic Review, 2011, 55, (3), 427-442 Downloads View citations (38)

2010

  1. Country portfolio dynamics
    Journal of Economic Dynamics and Control, 2010, 34, (7), 1325-1342 Downloads View citations (66)
    See also Working Paper (2007)
  2. JIE special issue on international macro-finance
    Journal of International Economics, 2010, 80, (1), 1-2 Downloads View citations (1)
  3. Valuation effects and the dynamics of net external assets
    Journal of International Economics, 2010, 80, (1), 129-143 Downloads View citations (55)
    See also Working Paper (2009)

2009

  1. A portfolio model of capital flows to emerging markets
    Journal of Development Economics, 2009, 89, (2), 181-193 Downloads View citations (49)
    See also Working Paper (2009)

2008

  1. A quantitative analysis of cost-push shocks and optimal inflation volatility
    Applied Economics Letters, 2008, 15, (10), 753-757 Downloads
  2. Financial globalization and monetary policy
    Journal of Monetary Economics, 2008, 55, (8), 1363-1375 Downloads View citations (38)
    See also Working Paper (2008)

2007

  1. Computing second-order-accurate solutions for rational expectation models using linear solution methods
    Journal of Economic Dynamics and Control, 2007, 31, (2), 515-530 Downloads View citations (51)
    See also Working Paper (2005)
  2. Foreign Money Shocks and the Welfare Performance of Alternative Monetary Policy Regimes*
    Scandinavian Journal of Economics, 2007, 109, (2), 245-266 Downloads View citations (8)
  3. Monetary Policy and Portfolio Choice Choice in an Open Economy Macro Model
    Journal of the European Economic Association, 2007, 5, (2-3), 491-499 Downloads View citations (25)
  4. Optimal monetary policy and the timing of asset trade in open economies
    Economics Letters, 2007, 95, (2), 297-302 Downloads View citations (16)

2006

  1. Currency Crises and the Term Structure of Interest Rates
    Open Economies Review, 2006, 17, (1), 57-71 Downloads View citations (1)
  2. Policy instrument choice and non-coordinated monetary policy in interdependent economies
    Journal of International Money and Finance, 2006, 25, (6), 855-873 Downloads View citations (5)
    See also Working Paper (2004)
  3. The expenditure switching effect, welfare and monetary policy in a small open economy
    Journal of Economic Dynamics and Control, 2006, 30, (7), 1159-1182 Downloads View citations (39)
    See also Working Paper (2005)

2005

  1. Cost-push shocks and monetary policy in open economies
    Oxford Economic Papers, 2005, 57, (1), 1-33 Downloads View citations (11)
  2. Incomplete pass-through and the welfare effects of exchange rate variability
    Journal of International Economics, 2005, 65, (2), 375-399 Downloads View citations (92)
    See also Working Paper (2002)

2004

  1. Monetary and fiscal interactions in open economies
    Journal of Macroeconomics, 2004, 26, (2), 319-347 Downloads View citations (41)
    See also Working Paper (2003)
  2. Monetary union and the Maastricht inflation criterion: The accession countries
    The Economics of Transition, 2004, 12, (4), 635-652 Downloads View citations (10)

2000

  1. Monetary union and labor market reform
    Journal of International Economics, 2000, 51, (2), 421-435 Downloads View citations (50)

1998

  1. A currency crisis model with an optimising policymaker
    Journal of International Economics, 1998, 44, (2), 339-364 Downloads View citations (26)
    See also Working Paper

1997

  1. Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?
    Journal of Public Economics, 1997, 65, (2), 147-162 Downloads View citations (147)
    See also Working Paper (1995)

1996

  1. Intrinsic bubbles and mean-reverting fundamentals
    Journal of Monetary Economics, 1996, 37, (1), 163-173 Downloads View citations (1)
    See also Working Paper

1995

  1. Exchange Rate Realignments and Realignment Expectations
    Oxford Economic Papers, 1995, 47, (2), 211-28 Downloads View citations (1)
    See also Working Paper
  2. Monetary and real shocks and the optimal target zone
    European Economic Review, 1995, 39, (1), 161-172 Downloads View citations (12)
    See also Working Paper
  3. Policy Measures to Avoid a Currency Crisis
    Economic Journal, 1995, 105, (429), 510-19 Downloads View citations (74)
  4. State- and time-contingent switches of exchange rate regime
    Journal of International Economics, 1995, 38, (3-4), 361-374 Downloads View citations (9)

1994

  1. Speculative Anticipations of Sterling's Return to Gold: Was Keynes Wrong?
    Economic Journal, 1994, 104, (425), 804-12 Downloads View citations (20)
  2. Target Zone Models with Price Inertia: Solutions and Testable Implications
    Economic Journal, 1994, 104, (422), 96-112 Downloads View citations (10)

1993

  1. Contracts, Credibility, and Common Knowledge: Their Influence on Inflation Convergence
    IMF Staff Papers, 1993, 40, (1), 178-201 Downloads View citations (4)
    See also Working Paper (1992)

1992

  1. Inflation Convergence with Realignments in a Two-Speed Europe
    Economic Journal, 1992, 102, (411), 333-41 Downloads View citations (5)
    See also Working Paper (1991)

1991

  1. The "Walters Critique" of the EMS--A Case of Inconsistent Expectations?
    The Manchester School of Economic & Social Studies, 1991, 59, 23-37 View citations (2)
    See also Working Paper (1990)

1990

  1. Entering a preannounced currency band
    Economics Letters, 1990, 34, (4), 363-368 Downloads View citations (1)
    See also Working Paper (1990)

Chapters

2006

  1. Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes?
    A chapter in NBER International Seminar on Macroeconomics 2004, 2006, pp 371-412 Downloads View citations (1)
    See also Working Paper (2005)
 
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