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

2016

1. Country Portfolios, Collateral Constraints and Optimal Monetary Policy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
2. Optimal Monetary Policy, Exchange Rate Misalignments and Incomplete Financial Markets
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
   See also Journal Article Optimal monetary policy, exchange rate misalignments and incomplete financial markets, Journal of International Economics, Elsevier (2019) View citations (9) (2019)

2015

3. International Risk Sharing and Portfolio Choice with Non-separable Preferences
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
   Also in Working Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey (2015) View citations (4)

2013

4. Nominal Stability and Financial Globalization
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (4)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (1)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (4)
   See also Journal Article Nominal Stability and Financial Globalization, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (11) (2014)

2010

5. Endogenous Price Flexibility and Optimal Monetary Policy
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE)
   See also Journal Article Endogenous price flexibility and optimal monetary policy, Oxford Economic Papers, Oxford University Press (2014) View citations (3) (2014)
6. Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (3)
   See also Journal Article Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy, Open Economies Review, Springer (2015) View citations (6) (2015)
7. The Timing of Asset Trade and Optimal Policy in Dynamic Open Economies
   SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (2)
   See also Journal Article THE TIMING OF ASSET TRADE AND OPTIMAL POLICY IN DYNAMIC OPEN ECONOMIES, Macroeconomic Dynamics, Cambridge University Press (2013) View citations (3) (2013)

2009

8. A Portfolio Model of Capital Flows to Emerging Markets
   Working Papers, Hong Kong Institute for Monetary Research View citations (71)
   See also Journal Article A portfolio model of capital flows to emerging markets, Journal of Development Economics, Elsevier (2009) View citations (76) (2009)
9. Valuation Effects and the Dynamics of Net External Assets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (8)
   See also Journal Article Valuation effects and the dynamics of net external assets, Journal of International Economics, Elsevier (2010) View citations (80) (2010)

2008

10. Country Portfolios in Open Economy Macro Models
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2008) View citations (54)
    See also Journal Article COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO‐MODELS, Journal of the European Economic Association, European Economic Association (2011) View citations (154) (2011)
11. Financial globalization and monetary policy
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (51)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (10)
    See also Journal Article Financial globalization and monetary policy, Journal of Monetary Economics, Elsevier (2008) View citations (51) (2008)

2007

12. Country Portfolio Dynamics
    2007 Meeting Papers, Society for Economic Dynamics View citations (24)
    Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2007) View citations (25)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (27)
    See also Journal Article Country portfolio dynamics, Journal of Economic Dynamics and Control, Elsevier (2010) View citations (99) (2010)
13. Solving for Country Portfolios in Open Economy Macro Models
    Working Papers, Hong Kong Institute for Monetary Research View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (93)

2005

14. Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Chapter Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes?, NBER Chapters, National Bureau of Economic Research, Inc (2006) View citations (2) (2006)
15. Computing Second-Order-Accurate Solutions for Rational Expectation Models Using Linear Solution Methods
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis View citations (11)
    Also in Working Paper Series, European Central Bank (2005) View citations (13)
    See also Journal Article Computing second-order-accurate solutions for rational expectation models using linear solution methods, Journal of Economic Dynamics and Control, Elsevier (2007) View citations (64) (2007)
16. The Expenditure Switching Effect, Welfare and Monetary Policy in a Small Open Economy
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (1)
    See also Journal Article The expenditure switching effect, welfare and monetary policy in a small open economy, Journal of Economic Dynamics and Control, Elsevier (2006) View citations (46) (2006)

2004

17. 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
18. International Monetary Policy Coordination and Financial Market Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (58)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2002) View citations (35)
    Working Paper Series, European Central Bank (2002) View citations (34)
19. Policy Instrument Choice and non-coordinated Monetary Policy in Interdependent Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article Policy instrument choice and non-coordinated monetary policy in interdependent economies, Journal of International Money and Finance, Elsevier (2006) View citations (10) (2006)
20. Policy instrument choice and non-coordinated monetary in interdependent economies
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank
21. The Expenditure Switching Effect and the Choice Between Fixed and Floating Exchange Rates
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
22. 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

2003

23. Monetary and fiscal interactions in open economies
    Working Paper Series, European Central Bank View citations (11)
    See also Journal Article Monetary and fiscal interactions in open economies, Journal of Macroeconomics, Elsevier (2004) View citations (54) (2004)

2002

24. A Simple Second-Order Solution Method For Dynamic General Equilibrium Models
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (89)
25. Cost-Push Shocks and Monetary Policy and Monetary Policy in Open Economies
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank
26. Incomplete Pass-Through and the Welfare Effects of Exchange Rate Variability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (16)
    See also Journal Article Incomplete pass-through and the welfare effects of exchange rate variability, Journal of International Economics, Elsevier (2005) View citations (134) (2005)

2001

27. Inflation Targeting in a Small Open Economy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (17)

1997

28. Monetary Regimes and Labour Market Reform
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (30)
    Also in Discussion Papers, Department of Economics, University of York View citations (10)
29. Monetary Union, Entry Conditions and Economic Reform
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
    Also in Discussion Papers, Department of Economics, University of York View citations (8)
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (7)

1996

30. Exchange Rate Dynamics and Financial Market Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in Discussion Papers, Department of Economics, University of York View citations (7)

1995

31. Fiscal Crises and Aggregate Demand: Can High Public Debt Reverse the Effects of Fiscal Policy?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (29)
    Also in Discussion Papers, Department of Economics, University of York View citations (40)
    See also Journal Article Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?, Journal of Public Economics, Elsevier (1997) View citations (217) (1997)

1994

32. A Model of the ERM Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    Also in EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (7)
    Discussion Papers, Department of Economics, University of York View citations (29)

1992

33. Target Zone Models with Price Inertia: Some Testable Implications
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1991

34. Inflation Convergence with Realignments in a Two-Speed Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article Inflation Convergence with Realignments in a Two-Speed Europe, Economic Journal, Royal Economic Society (1992) View citations (4) (1992)

1990

35. 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 View citations (3)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990) View citations (2)
36. Britain's Return to Gold and Entry into the EMS: Expectations, Joining Conditions and Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
37. ENTERING AN PREANNOUNCED CURRENCY BAND
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (1)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990) View citations (1)
    See also Journal Article Entering a preannounced currency band, Economics Letters, Elsevier (1990) View citations (1) (1990)
38. MULTIPLE SOLUTIONS AND BUBBLES IN STOCHASTIC MODELS OF THE EXCHANGE RATE
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990)
39. The 'Walters Critique' of the EMS - A Case of Inconsistent Expectations
    Economic Research Papers, University of Warwick - Department of Economics View citations (2)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1990) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (3)
    See also Journal Article The "Walters Critique" of the EMS--A Case of Inconsistent Expectations?, The Manchester School of Economic & Social Studies, University of Manchester (1991) View citations (6) (1991)

1989

40. 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 View citations (3)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1989) View citations (2)

Undated

41. A Currency Crisis Model with an Optimising Policymaker
    Discussion Papers, Department of Economics, University of York View citations (20)
    See also Journal Article A currency crisis model with an optimising policymaker, Journal of International Economics, Elsevier (1998) View citations (28) (1998)
42. Exchange Rate Realignments and Realignment Expectations
    Discussion Papers, Department of Economics, University of York
    See also Journal Article Exchange Rate Realignments and Realignment Expectations, Oxford Economic Papers, Oxford University Press (1995) View citations (2) (1995)
43. Intrinsic Bubbles and Mean Reverting Fundamentals
    Discussion Papers, Department of Economics, University of York
    See also Journal Article Intrinsic bubbles and mean-reverting fundamentals, Journal of Monetary Economics, Elsevier (1996) View citations (2) (1996)
44. Monetary and Real Shocks and the Optimal Target Zone
    Discussion Papers, Department of Economics, University of York View citations (4)
    See also Journal Article Monetary and real shocks and the optimal target zone, European Economic Review, Elsevier (1995) View citations (13) (1995)
45. 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 View citations (9)
   See also Working Paper Optimal Monetary Policy, Exchange Rate Misalignments and Incomplete Financial Markets, CEPR Discussion Papers (2016) View citations (13) (2016)

2015

2. Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy
   Open Economies Review, 2015, 26, (4), 633-661 View citations (6)
   See also Working Paper Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy, SIRE Discussion Papers (2010) View citations (3) (2010)

2014

3. Endogenous price flexibility and optimal monetary policy
   Oxford Economic Papers, 2014, 66, (4), 1121-1144 View citations (3)
   See also Working Paper Endogenous Price Flexibility and Optimal Monetary Policy, SIRE Discussion Papers (2010) (2010)
4. Nominal Stability and Financial Globalization
   Journal of Money, Credit and Banking, 2014, 46, (5), 921-959 View citations (11)
   See also Working Paper Nominal Stability and Financial Globalization, SIRE Discussion Papers (2013) View citations (4) (2013)

2013

5. THE TIMING OF ASSET TRADE AND OPTIMAL POLICY IN DYNAMIC OPEN ECONOMIES
   Macroeconomic Dynamics, 2013, 17, (8), 1543-1573 View citations (3)
   See also Working Paper The Timing of Asset Trade and Optimal Policy in Dynamic Open Economies, SIRE Discussion Papers (2010) View citations (2) (2010)

2011

6. COUNTRY PORTFOLIOS IN OPEN ECONOMY MACRO‐MODELS
   Journal of the European Economic Association, 2011, 9, (2), 337-369 View citations (154)
   See also Working Paper Country Portfolios in Open Economy Macro Models, NBER Working Papers (2008) View citations (20) (2008)
7. Evaluating international financial integration under leverage constraints
   European Economic Review, 2011, 55, (3), 427-442 View citations (51)

2010

8. Country portfolio dynamics
   Journal of Economic Dynamics and Control, 2010, 34, (7), 1325-1342 View citations (99)
   See also Working Paper Country Portfolio Dynamics, 2007 Meeting Papers (2007) View citations (24) (2007)
9. JIE special issue on international macro-finance
   Journal of International Economics, 2010, 80, (1), 1-2 View citations (1)
10. Valuation effects and the dynamics of net external assets
    Journal of International Economics, 2010, 80, (1), 129-143 View citations (80)
    See also Working Paper Valuation Effects and the Dynamics of Net External Assets, NBER Working Papers (2009) View citations (12) (2009)

2009

11. A portfolio model of capital flows to emerging markets
    Journal of Development Economics, 2009, 89, (2), 181-193 View citations (76)
    See also Working Paper A Portfolio Model of Capital Flows to Emerging Markets, Working Papers (2009) View citations (71) (2009)

2008

12. A quantitative analysis of cost-push shocks and optimal inflation volatility
    Applied Economics Letters, 2008, 15, (10), 753-757
13. Financial globalization and monetary policy
    Journal of Monetary Economics, 2008, 55, (8), 1363-1375 View citations (51)
    See also Working Paper Financial globalization and monetary policy, Discussion Paper Series 1: Economic Studies (2008) View citations (51) (2008)

2007

14. Computing second-order-accurate solutions for rational expectation models using linear solution methods
    Journal of Economic Dynamics and Control, 2007, 31, (2), 515-530 View citations (64)
    See also Working Paper Computing Second-Order-Accurate Solutions for Rational Expectation Models Using Linear Solution Methods, CDMA Conference Paper Series (2005) View citations (11) (2005)
15. Foreign Money Shocks and the Welfare Performance of Alternative Monetary Policy Regimes*
    Scandinavian Journal of Economics, 2007, 109, (2), 245-266 View citations (9)
16. Monetary Policy and Portfolio Choice Choice in an Open Economy Macro Model
    Journal of the European Economic Association, 2007, 5, (2-3), 491-499 View citations (50)
17. Optimal monetary policy and the timing of asset trade in open economies
    Economics Letters, 2007, 95, (2), 297-302 View citations (21)

2006

18. Currency Crises and the Term Structure of Interest Rates
    Open Economies Review, 2006, 17, (1), 57-71 View citations (1)
19. Policy instrument choice and non-coordinated monetary policy in interdependent economies
    Journal of International Money and Finance, 2006, 25, (6), 855-873 View citations (10)
    See also Working Paper Policy Instrument Choice and non-coordinated Monetary Policy in Interdependent Economies, CEPR Discussion Papers (2004) (2004)
20. The expenditure switching effect, welfare and monetary policy in a small open economy
    Journal of Economic Dynamics and Control, 2006, 30, (7), 1159-1182 View citations (46)
    See also Working Paper The Expenditure Switching Effect, Welfare and Monetary Policy in a Small Open Economy, The Institute for International Integration Studies Discussion Paper Series (2005) View citations (1) (2005)

2005

21. Cost-push shocks and monetary policy in open economies
    Oxford Economic Papers, 2005, 57, (1), 1-33 View citations (14)
22. Incomplete pass-through and the welfare effects of exchange rate variability
    Journal of International Economics, 2005, 65, (2), 375-399 View citations (134)
    See also Working Paper Incomplete Pass-Through and the Welfare Effects of Exchange Rate Variability, CEPR Discussion Papers (2002) View citations (16) (2002)

2004

23. Monetary and fiscal interactions in open economies
    Journal of Macroeconomics, 2004, 26, (2), 319-347 View citations (54)
    See also Working Paper Monetary and fiscal interactions in open economies, Working Paper Series (2003) View citations (11) (2003)
24. Monetary union and the Maastricht inflation criterion: The accession countries
    The Economics of Transition, 2004, 12, (4), 635-652 View citations (10)

2000

25. Monetary union and labor market reform
    Journal of International Economics, 2000, 51, (2), 421-435 View citations (54)

1998

26. A currency crisis model with an optimising policymaker
    Journal of International Economics, 1998, 44, (2), 339-364 View citations (28)
    See also Working Paper A Currency Crisis Model with an Optimising Policymaker, Discussion Papers View citations (20)

1997

27. Fiscal crises and aggregate demand: can high public debt reverse the effects of fiscal policy?
    Journal of Public Economics, 1997, 65, (2), 147-162 View citations (217)
    See also Working Paper Fiscal Crises and Aggregate Demand: Can High Public Debt Reverse the Effects of Fiscal Policy?, CEPR Discussion Papers (1995) View citations (29) (1995)

1996

28. Intrinsic bubbles and mean-reverting fundamentals
    Journal of Monetary Economics, 1996, 37, (1), 163-173 View citations (2)
    See also Working Paper Intrinsic Bubbles and Mean Reverting Fundamentals, Discussion Papers

1995

29. Exchange Rate Realignments and Realignment Expectations
    Oxford Economic Papers, 1995, 47, (2), 211-28 View citations (2)
    See also Working Paper Exchange Rate Realignments and Realignment Expectations, Discussion Papers
30. Monetary and real shocks and the optimal target zone
    European Economic Review, 1995, 39, (1), 161-172 View citations (13)
    See also Working Paper Monetary and Real Shocks and the Optimal Target Zone, Discussion Papers View citations (4)
31. Policy Measures to Avoid a Currency Crisis
    Economic Journal, 1995, 105, (429), 510-19 View citations (83)
32. State- and time-contingent switches of exchange rate regime
    Journal of International Economics, 1995, 38, (3-4), 361-374 View citations (9)

1994

33. Speculative Anticipations of Sterling's Return to Gold: Was Keynes Wrong?
    Economic Journal, 1994, 104, (425), 804-12 View citations (23)
34. Target Zone Models with Price Inertia: Solutions and Testable Implications
    Economic Journal, 1994, 104, (422), 96-112 View citations (11)

1993

35. Contracts, Credibility, and Common Knowledge: Their Influence on Inflation Convergence
    IMF Staff Papers, 1993, 40, (1), 178-201 View citations (5)

1992

36. Inflation Convergence with Realignments in a Two-Speed Europe
    Economic Journal, 1992, 102, (411), 333-41 View citations (4)
    See also Working Paper Inflation Convergence with Realignments in a Two-Speed Europe, CEPR Discussion Papers (1991) (1991)

1991

37. The "Walters Critique" of the EMS--A Case of Inconsistent Expectations?
    The Manchester School of Economic & Social Studies, 1991, 59, 23-37 View citations (6)
    See also Working Paper The 'Walters Critique' of the EMS - A Case of Inconsistent Expectations, Economic Research Papers (1990) View citations (2) (1990)

1990

38. Entering a preannounced currency band
    Economics Letters, 1990, 34, (4), 363-368 View citations (1)
    See also Working Paper ENTERING AN PREANNOUNCED CURRENCY BAND, The Warwick Economics Research Paper Series (TWERPS) (1990) View citations (1) (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 View citations (2)
   See also Working Paper Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes?, National Bureau of Economic Research, Inc (2005) View citations (3) (2005)