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Details about Carlos Vegh

Homepage:http://www.sais-jhu.edu/carlos-vegh
Workplace:International Economics Department, School of Advanced International Studies, Johns Hopkins University, (more information at EDIRC)
National Bureau of Economic Research (NBER), (more information at EDIRC)
Department of Economics, Johns Hopkins University, (more information at EDIRC)

Access statistics for papers by Carlos Vegh.

Last updated 2023-01-29. Update your information in the RePEc Author Service.

Short-id: pve34


Jump to Journal Articles Books Edited books Chapters

Working Papers

2025

  1. We Are Not in a Gaussian World Anymore: Implications for the Composition of Official Foreign Assets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2023

  1. Fiscal Procyclicality in Commodity Exporting Countries: How Much Does it Pour and Why?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2021

  1. Can Automatic Government Spending Be Procyclical?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  2. Policy Implications of Non-Linear Effects of Tax Changes on Output
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. Procyclical Fiscal Policy and Asset Market Incompleteness
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)

2020

  1. The Macroeconomic Effects of Macroprudential Policy: Evidence from a Narrative Approach
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)

2019

  1. Fooled by the Cycle: Permanent versus Cyclical Improvements in Social Indicators
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
  3. Non-Linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

2017

  1. Optimal Monetary Policy under Asset Market Segmentation
    Staff General Research Papers Archive, Iowa State University, Department of Economics Downloads
    Also in Econometric Society 2004 North American Summer Meetings, Econometric Society (2004) Downloads View citations (1)
    2007 Meeting Papers, Society for Economic Dynamics (2007) Downloads

2016

  1. Unsticking the Flypaper Effect Using Distortionary Taxation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)

2015

  1. Unsticking the Flypaper Effect in an Uncertain World
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
    See also Journal Article Unsticking the flypaper effect in an uncertain world, Journal of Public Economics, Elsevier (2015) Downloads View citations (21) (2015)

2014

  1. Fiscal multipliers in recessions and expansions: does it matter whether government spending is increasing or decreasing ?
    Policy Research Working Paper Series, The World Bank Downloads View citations (9)
  2. Procyclical and Countercyclical Fiscal Multipliers: Evidence from OECD Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article Procyclical and countercyclical fiscal multipliers: Evidence from OECD countries, Journal of International Money and Finance, Elsevier (2015) Downloads View citations (92) (2015)
  3. Reserve Requirement Policy over the Business Cycle
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads View citations (51)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (54)
  4. Reserve requirements in the brave new macroprudential world
    Policy Research Working Paper Series, The World Bank Downloads View citations (36)
    See also Book Reserve Requirements in the Brave New Macroprudential World, World Bank Publications - Books, The World Bank Group (2014) Downloads View citations (57) (2014)
  5. Social Implications of Fiscal Policy Responses During Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
  6. The Road to Redemption: Policy Response to Crises in Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (35)
    See also Journal Article The Road to Redemption: Policy Response to Crises in Latin America, IMF Economic Review, Palgrave Macmillan (2014) Downloads View citations (38) (2014)

2013

  1. The effect of capital flows composition on output volatility
    Policy Research Working Paper Series, The World Bank Downloads View citations (6)

2012

  1. How is Tax Policy Conducted over the Business Cycle?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (52)
    See also Journal Article How Is Tax Policy Conducted over the Business Cycle?, American Economic Journal: Economic Policy, American Economic Association (2015) Downloads View citations (90) (2015)
  2. On Graduation from Fiscal Procyclicality
    Scholarly Articles, Harvard Kennedy School of Government Downloads View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (48)
    Working Paper Series, Harvard University, John F. Kennedy School of Government (2012) Downloads View citations (13)

    See also Journal Article On graduation from fiscal procyclicality, Journal of Development Economics, Elsevier (2013) Downloads View citations (270) (2013)
  3. Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (58)
    See also Chapter Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2013) Downloads View citations (17) (2013)
  4. Tax Multipliers: Pitfalls in Measurement and Identification
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (24)
    See also Journal Article Tax multipliers: Pitfalls in measurement and identification, Journal of Monetary Economics, Elsevier (2016) Downloads View citations (41) (2016)

2011

  1. The Exchange Rate Response Puzzle
    2011 Meeting Papers, Society for Economic Dynamics Downloads View citations (2)

2010

  1. Decoupling and Recoupling
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    See also Journal Article Decoupling and Recoupling, American Economic Review, American Economic Association (2010) Downloads View citations (8) (2010)
  2. How Big (Small?) are Fiscal Multipliers?
    CEP Discussion Papers, Centre for Economic Performance, LSE Downloads View citations (132)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (116)

    See also Journal Article How big (small?) are fiscal multipliers?, Journal of Monetary Economics, Elsevier (2013) Downloads View citations (623) (2013)

2008

  1. Interest Rates and the Exchange Rate: A Non-Monotonic Tale
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (12)
    See also Journal Article Interest rate and the exchange rate: A non-monotonic tale, European Economic Review, Elsevier (2013) Downloads View citations (21) (2013)
  2. Money, Crises, and Transition Essays in Honor of Guillermo A. Calvo: An Introduction
    MPRA Paper, University Library of Munich, Germany Downloads View citations (13)
  3. Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (360)

2007

  1. Optimal Exchange Rate Regimes: Turning Mundell-Fleming's Dictum on Its Head
    Staff General Research Papers Archive, Iowa State University, Department of Economics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (8)
  2. Segmented Asset Markets and Optimal Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
    Also in Staff General Research Papers Archive, Iowa State University, Department of Economics (2007) Downloads View citations (33)

    See also Journal Article Segmented asset markets and optimal exchange rate regimes, Journal of International Economics, Elsevier (2007) Downloads View citations (40) (2007)
  3. The Non--Monotonic Relationship between Interest Rates and Exchange Rates
    2007 Meeting Papers, Society for Economic Dynamics

2006

  1. When Is It Optimal to Abandon a Fixed Exchange Rate?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)

2005

  1. Output Costs, Currency Crises, and Interest Rate Defense of a Peg
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article Output Costs, Currency Crises and Interest Rate Defence of a Peg, Economic Journal, Royal Economic Society (2007) View citations (28) (2007)

2004

  1. When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (784)
    Also in MPRA Paper, University Library of Munich, Germany (2004) Downloads View citations (698)

    See also Chapter When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies, NBER Chapters, National Bureau of Economic Research, Inc (2005) Downloads View citations (472) (2005)

2003

  1. The Unholy Trinity of Financial Contagion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (343)
    Also in MPRA Paper, University Library of Munich, Germany (2002) Downloads View citations (11)
    MPRA Paper, University Library of Munich, Germany (2003) Downloads View citations (340)

    See also Journal Article The Unholy Trinity of Financial Contagion, Journal of Economic Perspectives, American Economic Association (2003) Downloads View citations (391) (2003)

2002

  1. Modern Hyper- and High Inflations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (259)
    See also Journal Article Modern Hyper- and High Inflations, Journal of Economic Literature, American Economic Association (2002) Downloads View citations (228) (2002)

2001

  1. Living with the Fear of Floating: An Optimal Policy Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (61)
    See also Chapter Living with the Fear of Floating: An Optimal Policy Perspective, NBER Chapters, National Bureau of Economic Research, Inc (2002) Downloads View citations (1) (2002)
  2. Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (1998) Downloads View citations (2)

    See also Chapter Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2002) Downloads View citations (2) (2002)

2000

  1. Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (29)
  2. Tax Base Variability and Procyclical Fiscal Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (158)

1999

  1. Do Exchange Rate-Based Stabilizations Carry the Seeds of Their Own Destruction?
    MPRA Paper, University Library of Munich, Germany Downloads View citations (40)
    Also in MPRA Paper, University Library of Munich, Germany (1994) Downloads View citations (36)
    MPRA Paper, University Library of Munich, Germany (1994) Downloads View citations (37)
  2. Inflation Stabilization and BOP Crises in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (176)
    See also Chapter Inflation stabilization and bop crises in developing countries, Handbook of Macroeconomics, Elsevier (1999) Downloads View citations (168) (1999)

1998

  1. Fiscal Policy Sustainability: A Basic Framework
    Research Department Publications, Inter-American Development Bank, Research Department Downloads View citations (4)
  2. From transition to market: Evidence and growth prospects
    MPRA Paper, University Library of Munich, Germany Downloads View citations (37)
  3. How far is Eastern Europe from Brussels?
    MPRA Paper, University Library of Munich, Germany Downloads View citations (42)
  4. Política Fiscal Sustentable: Un marco básico
    Research Department Publications, Inter-American Development Bank, Research Department Downloads
  5. What If Alexander Hamilton Had Been Argentinean? A Comparison of the Early Monetary Experiences of Argentina and the United States
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article What if Alexander Hamilton had been Argentinean? A comparison of the early monetary experiences of Argentina and the United States, Journal of Monetary Economics, Elsevier (2002) Downloads View citations (20) (2002)

1997

  1. Banks and Macroeconomic Disturbances Under Predetermined Exchange Rates
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads View citations (141)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (153)

    See also Journal Article Banks and macroeconomic disturbances under predetermined exchange rates, Journal of Monetary Economics, Elsevier (1997) Downloads View citations (161) (1997)
  2. If Only Alexander Hamilton Had Been Argentinean: A Comparison of the Early Monetary Experiences of Argentina and the United States
    Departmental Working Papers, Rutgers University, Department of Economics View citations (3)
  3. Losing Credibility: The Stabilization Blues
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA Downloads View citations (6)
    See also Journal Article Losing Credibility: The Stabilization Blues, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1999) View citations (10) (1999)

1996

  1. Stabilization and growth in transition economies: The early experience
    MPRA Paper, University Library of Munich, Germany Downloads View citations (195)
    See also Journal Article Stabilization and Growth in Transition Economies: The Early Experience, Voprosy Ekonomiki, NP Voprosy Ekonomiki (1997) View citations (3) (1997)

1995

  1. Dollarization in transition economies: Evidence and policy implications
    MPRA Paper, University Library of Munich, Germany Downloads View citations (30)
  2. Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination
    MPRA Paper, University Library of Munich, Germany Downloads View citations (124)
    See also Journal Article Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination, Journal of Development Economics, Elsevier (1995) Downloads View citations (134) (1995)
  3. Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (178)
    Also in RCER Working Papers, University of Rochester - Center for Economic Research (RCER) (1995) View citations (167)

    See also Chapter Real Effects of Exchange-Rate-Based Stabilization: An Analysis of Competing Theories, NBER Chapters, National Bureau of Economic Research, Inc (1995) Downloads View citations (170) (1995)

1994

  1. La tasa de cambio real como meta de política: teoría y evidencia
    (Targeting the real exchange rate: Theory and evidence)
    MPRA Paper, University Library of Munich, Germany Downloads View citations (7)
    See also Journal Article La tasa de cambio real como meta de política: teoría y evidencia, Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia (1994) Downloads View citations (2) (1994)
  2. Targeting the real exchange rate
    MPRA Paper, University Library of Munich, Germany Downloads View citations (22)
    Also in MPRA Paper, University Library of Munich, Germany (1994) Downloads View citations (23)

    See also Journal Article Targeting the real exchange rate: theory and evidence, Journal of Development Economics, Elsevier (1995) Downloads View citations (141) (1995)

1992

  1. Currency Substitution in Developing Countries: An Introduction
    MPRA Paper, University Library of Munich, Germany Downloads View citations (150)

1991

  1. Exchange rate stabilization under imperfect credibility
    MPRA Paper, University Library of Munich, Germany Downloads View citations (17)
  2. Stopping High Inflation: An Analytical Overview
    MPRA Paper, University Library of Munich, Germany Downloads View citations (4)

Journal Articles

2016

  1. Tax multipliers: Pitfalls in measurement and identification
    Journal of Monetary Economics, 2016, 79, (C), 30-48 Downloads View citations (41)
    See also Working Paper Tax Multipliers: Pitfalls in Measurement and Identification, NBER Working Papers (2012) Downloads View citations (24) (2012)
  2. The Exchange Rate Response to Monetary Policy Innovations
    American Economic Journal: Macroeconomics, 2016, 8, (2), 137-81 Downloads View citations (43)

2015

  1. How Is Tax Policy Conducted over the Business Cycle?
    American Economic Journal: Economic Policy, 2015, 7, (3), 327-70 Downloads View citations (90)
    See also Working Paper How is Tax Policy Conducted over the Business Cycle?, NBER Working Papers (2012) Downloads View citations (52) (2012)
  2. Procyclical and countercyclical fiscal multipliers: Evidence from OECD countries
    Journal of International Money and Finance, 2015, 52, (C), 15-31 Downloads View citations (92)
    See also Working Paper Procyclical and Countercyclical Fiscal Multipliers: Evidence from OECD Countries, NBER Working Papers (2014) Downloads View citations (14) (2014)
  3. Unsticking the flypaper effect in an uncertain world
    Journal of Public Economics, 2015, 131, (C), 142-155 Downloads View citations (21)
    See also Working Paper Unsticking the Flypaper Effect in an Uncertain World, NBER Working Papers (2015) Downloads View citations (25) (2015)

2014

  1. The Road to Redemption: Policy Response to Crises in Latin America
    IMF Economic Review, 2014, 62, (4), 526-568 Downloads View citations (38)
    See also Working Paper The Road to Redemption: Policy Response to Crises in Latin America, NBER Working Papers (2014) Downloads View citations (35) (2014)

2013

  1. How big (small?) are fiscal multipliers?
    Journal of Monetary Economics, 2013, 60, (2), 239-254 Downloads View citations (623)
    See also Working Paper How Big (Small?) are Fiscal Multipliers?, CEP Discussion Papers (2010) Downloads View citations (132) (2010)
  2. Interest rate and the exchange rate: A non-monotonic tale
    European Economic Review, 2013, 63, (C), 68-93 Downloads View citations (21)
    See also Working Paper Interest Rates and the Exchange Rate: A Non-Monotonic Tale, NBER Working Papers (2008) Downloads View citations (12) (2008)
  3. On graduation from fiscal procyclicality
    Journal of Development Economics, 2013, 100, (1), 32-47 Downloads View citations (270)
    See also Working Paper On Graduation from Fiscal Procyclicality, Scholarly Articles (2012) Downloads View citations (13) (2012)

2010

  1. Decoupling and Recoupling
    American Economic Review, 2010, 100, (2), 393-97 Downloads View citations (8)
    See also Working Paper Decoupling and Recoupling, NBER Working Papers (2010) Downloads View citations (9) (2010)

2008

  1. When is it Optimal to Abandon a Fixed Exchange Rate? -super-1
    The Review of Economic Studies, 2008, 75, (3), 929-955 Downloads View citations (15)

2007

  1. Output Costs, Currency Crises and Interest Rate Defence of a Peg
    Economic Journal, 2007, 117, (516), 216-239 View citations (28)
    See also Working Paper Output Costs, Currency Crises, and Interest Rate Defense of a Peg, NBER Working Papers (2005) Downloads View citations (2) (2005)
  2. Segmented asset markets and optimal exchange rate regimes
    Journal of International Economics, 2007, 72, (1), 1-21 Downloads View citations (40)
    See also Working Paper Segmented Asset Markets and Optimal Exchange Rate Regimes, NBER Working Papers (2007) Downloads View citations (28) (2007)

2005

  1. Tax base variability and procyclical fiscal policy in developing countries
    Journal of Development Economics, 2005, 78, (1), 156-190 Downloads View citations (509)

2003

  1. Delaying the Inevitable: Interest Rate Defense and Balance of Payments Crises
    Journal of Political Economy, 2003, 111, (2), 404-424 Downloads View citations (75)
  2. The Unholy Trinity of Financial Contagion
    Journal of Economic Perspectives, 2003, 17, (4), 51-74 Downloads View citations (391)
    See also Working Paper The Unholy Trinity of Financial Contagion, NBER Working Papers (2003) Downloads View citations (343) (2003)

2002

  1. Modern Hyper- and High Inflations
    Journal of Economic Literature, 2002, 40, (3), 837-880 Downloads View citations (228)
    See also Working Paper Modern Hyper- and High Inflations, NBER Working Papers (2002) Downloads View citations (259) (2002)
  2. What if Alexander Hamilton had been Argentinean? A comparison of the early monetary experiences of Argentina and the United States
    Journal of Monetary Economics, 2002, 49, (3), 459-494 Downloads View citations (20)
    See also Working Paper What If Alexander Hamilton Had Been Argentinean? A Comparison of the Early Monetary Experiences of Argentina and the United States, NBER Working Papers (1998) Downloads View citations (7) (1998)

1999

  1. Losing Credibility: The Stabilization Blues
    International Economic Review, 1999, 40, (1), 23-51 View citations (10)
    See also Working Paper Losing Credibility: The Stabilization Blues, CEMA Working Papers: Serie Documentos de Trabajo. (1997) Downloads View citations (6) (1997)

1998

  1. Inflation Stabilisation and the Consumption of Durable Goods
    Economic Journal, 1998, 108, (446), 105-31 View citations (22)

1997

  1. Banks and macroeconomic disturbances under predetermined exchange rates
    Journal of Monetary Economics, 1997, 40, (2), 239-278 Downloads View citations (161)
    See also Working Paper Banks and Macroeconomic Disturbances Under Predetermined Exchange Rates, CEMA Working Papers: Serie Documentos de Trabajo. (1997) Downloads View citations (141) (1997)
  2. Stabilization and Growth in Transition Economies: The Early Experience
    Voprosy Ekonomiki, 1997, 5 View citations (3)
    Also in Journal of Economic Perspectives, 1996, 10, (2), 45-66 (1996) Downloads View citations (202)

    See also Working Paper Stabilization and growth in transition economies: The early experience, MPRA Paper (1996) Downloads View citations (195) (1996)

1996

  1. Disinflation and Interest-Bearing Money
    Economic Journal, 1996, 106, (439), 1546-63 Downloads View citations (6)
  2. Economies in Transition: The Beginnings of Growth
    American Economic Review, 1996, 86, (2), 229-33 Downloads View citations (51)
  3. Inflation and stabilization in transition economies: An analytical interpretation of the evidence
    Journal of Economic Policy Reform, 1996, 1, (1), 75-108 Downloads View citations (8)

1995

  1. Fighting Inflation with High Interest Rates: The Small Open Economy Case under Flexible Prices
    Journal of Money, Credit and Banking, 1995, 27, (1), 49-66 Downloads View citations (45)
  2. Inflationary finance and currency substitution in a public finance framework
    Journal of International Money and Finance, 1995, 14, (5), 679-693 Downloads View citations (6)
  3. Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination
    Journal of Development Economics, 1995, 46, (2), 357-378 Downloads View citations (134)
    See also Working Paper Nominal interest rates, consumption booms, and lack of credibility: A quantitative examination, MPRA Paper (1995) Downloads View citations (124) (1995)
  4. Targeting the real exchange rate: theory and evidence
    Journal of Development Economics, 1995, 47, (1), 97-133 Downloads View citations (141)
    See also Working Paper Targeting the real exchange rate, MPRA Paper (1994) Downloads View citations (22) (1994)

1994

  1. Currency substitution and the optimal inflation tax (economics letters 42, no. 1, 1993, pp. 65-70)
    Economics Letters, 1994, 44, (3), 345-345 Downloads
  2. INFLATION STABILIZATION AND NOMINAL ANCHORS
    Contemporary Economic Policy, 1994, 12, (2), 35-45 Downloads View citations (71)
  3. La tasa de cambio real como meta de política: teoría y evidencia
    Revista ESPE - Ensayos sobre Política Económica, 1994, 13, (25), 7-50 Downloads View citations (2)
    Also in Revista ESPE - Ensayos Sobre Política Económica, 1994, 13, (25), 7-50 (1994) Downloads View citations (7)

    See also Working Paper La tasa de cambio real como meta de política: teoría y evidencia, MPRA Paper (1994) Downloads View citations (7) (1994)
  4. Stabilization dynamics and backward-looking contracts
    Journal of Development Economics, 1994, 43, (1), 59-84 Downloads View citations (42)

1993

  1. Currency substitution and the optimal inflation tax
    Economics Letters, 1993, 42, (1), 65-70 Downloads View citations (4)
  2. The optimal inflation tax when money reduces transactions costs: A reconsideration
    Journal of Monetary Economics, 1993, 31, (2), 189-205 Downloads View citations (54)

1992

  1. Macroeconomic interdependence under capital controls: A two-country model of dual exchange rates
    Journal of International Economics, 1992, 32, (3-4), 353-367 Downloads View citations (12)

1989

  1. The optimal inflation tax in the presence of currency substitution
    Journal of Monetary Economics, 1989, 24, (1), 139-146 Downloads View citations (24)

Books

2014

  1. Reserve Requirements in the Brave New Macroprudential World
    World Bank Publications - Books, The World Bank Group Downloads View citations (57)
    See also Working Paper Reserve requirements in the brave new macroprudential world, Policy Research Working Paper Series, The World Bank (2014) Downloads View citations (36) (2014)

2013

  1. Open Economy Macroeconomics in Developing Countries, vol 1
    MIT Press Books, The MIT Press View citations (1)

Edited books

2008

  1. Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo, vol 1
    MIT Press Books, The MIT Press View citations (10)
    See also Working Paper Money, Crises, and Transition Essays in Honor of Guillermo A. Calvo: An Introduction, MPRA Paper, University Library of Munich, Germany (2008) Downloads View citations (13) (2008)

Chapters

2013

  1. Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets
    Chapter 6 in The Role of Central Banks in Financial Stability How Has It Changed?, 2013, pp 105-129 Downloads View citations (17)
    See also Working Paper Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets, National Bureau of Economic Research, Inc (2012) Downloads View citations (58) (2012)

2005

  1. When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies
    A chapter in NBER Macroeconomics Annual 2004, Volume 19, 2005, pp 11-82 Downloads View citations (472)
    See also Working Paper When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies, National Bureau of Economic Research, Inc (2004) Downloads View citations (784) (2004)

2002

  1. Living with the Fear of Floating: An Optimal Policy Perspective
    A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 663-704 Downloads View citations (1)
    See also Working Paper Living with the Fear of Floating: An Optimal Policy Perspective, National Bureau of Economic Research, Inc (2001) Downloads View citations (61) (2001)
  2. Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences
    Chapter 6 in Indexation, Inflation and Monetary Policy, 2002, vol. 2, pp 151-182 Downloads View citations (2)
    See also Working Paper Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences, National Bureau of Economic Research, Inc (2001) Downloads View citations (15) (2001)

1999

  1. Inflation stabilization and bop crises in developing countries
    Chapter 24 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1531-1614 Downloads View citations (168)
    See also Working Paper Inflation Stabilization and BOP Crises in Developing Countries, National Bureau of Economic Research, Inc (1999) Downloads View citations (176) (1999)

1995

  1. 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 Downloads 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) Downloads View citations (178) (1995)
 
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