Open Economies Review

1990 - 2025

Current editor(s): G.S. Tavlas

From Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 26, issue 5, 2015

Sovereign Default, Debt Restructuring, and Recovery Rates: Was the Argentinean “Haircut” Excessive? pp. 839-867

Sebastian Edwards

Inter-Temporal Purchasing Power Parity pp. 869-891

Janice Breuer, Vikram Kumar and Shyam Gouri Suresh

The Endogeneity of Exchange Rate Pass-Through: Some European Evidence pp. 893-909

Ayako Saiki

Precautionary Strategies and Household Saving pp. 911-939

Joshua Aizenman, Eduardo Cavallo and Ilan Noy

Production Efficiency and the Extensive Margins of U.S. Exporters: An Industry-level Analysis pp. 941-969

Bedassa Tadesse, Roger White and Elias Shukralla

Economic Fluctuations and Fiscal Policy in Europe: A Political Business Cycles Approach Using Panel Data and Clustering (1996–2013) pp. 971-998

Konstantinos Konstantakis, Theofanis Papageorgiou, Panayotis Michaelides and Mike Tsionas

A North-South Trade Model of Offshoring and Unemployment pp. 999-1039

Lutz Arnold and Stefanie Trepl

Exchange Rate Regimes and Business Cycles: An Empirical Investigation pp. 1041-1058

Fatma Erdem and Erdal Özmen

Imports, Exports, Dollar Exposures, and Stock Returns pp. 1059-1079

Suparna Chakraborty, Yi Tang and Liuren Wu

International Spillovers from U.S. Fiscal Policy Shocks pp. 1081-1097

Stephen Nicar

Volume 26, issue 4, 2015

The Consequences of Tariff Reduction for Economic Activity and Inequality pp. 599-599

Jorge Rojas-Vallejos and Stephen J Turnovsky

Erratum to: The Consequences of Tariff Reduction for Economic Activity and Inequality pp. 601-631

Jorge Rojas-Vallejos and Stephen J Turnovsky

Local Currency Pricing, Foreign Monetary Shocks and Exchange Rate Policy pp. 633-661

Ozge Senay and Alan Sutherland

How Common are Capital Flows Surges? How They are Measured Matters -a Lot pp. 663-682

Masyita Crystallin, Levan Efremidze, Sungsoo Kim, Wahyu Nugroho, Ozan Sula and Thomas Willett

The Euro Area Crisis: Need for a Supranational Fiscal Risk Sharing Mechanism? pp. 683-710

Davide Furceri and Aleksandra Zdzienicka

How Much Do Free Trade Agreements Reduce Impediments to Trade? pp. 711-729

Kazunobu Hayakawa and Fukunari Kimura

Fiscal Devaluation Scenarios: A Quantitative Assessment for the Italian Economy pp. 731-785

Barbara Annicchiarico, Fabio Di Dio and Francesco Felici

The Effect of Monetary and Fiscal Credibility on Exchange Rate Pass-Through in an Emerging Economy pp. 787-816

Helder de Mendonça and Felipe Tostes

Productivity, Trade, and Relative Prices in a Ricardian World pp. 817-838

Vahagn Galstyan

Volume 26, issue 3, 2015

Guest Editor’s Introduction pp. 379-381

Roman Horvath and Laurent Weill

Financial Stress Indices and Financial Crises pp. 383-406

Robert Vermeulen, Marco Hoeberichts, Bořek Vašíček, Diana Zigraiova, Katerina Smidkova and Jakob de Haan

Monetary Conditions and Banks’ Behaviour in the Czech Republic pp. 407-445

Adam Gersl, Petr Jakubík, Dorota Kowalczyk, Steven Ongena and Jose-Luis Peydro

Home-Host Banking Issues and Non-Core Funding—Evidence from Central and Eastern Europe pp. 447-477

Adrian Babin

Does Bank Liquidity Creation Contribute to Economic Growth? Evidence from Russia pp. 479-496

Jarko Fidrmuc, Zuzana Fungáčová and Laurent Weill

Après le déluge: Institutions, the Global Financial Crisis, and Bank Profitability in Transition pp. 497-524

Christopher Hartwell

Key Determinants of Non-performing Loans: New Evidence from a Global Sample pp. 525-550

Roland Beck, Petr Jakubík and Anamaria Piloiu

The Credit-Output Relationship During the Recovery from Recession pp. 551-579

Fabrizio Coricelli and Marco Frigerio

The Transmission of Bank Funding to Corporate Loans: Deleveraging in Germany pp. 581-597

Jarko Fidrmuc, Philipp Schreiber and Martin Siddiqui

Volume 26, issue 2, 2015

Exchange Rates Dynamics with Long-Run Risk and Recursive Preferences pp. 175-196

Robert Kollmann

Revisiting the Great Moderation: Policy or Luck? pp. 197-223

A. Patrick Minford, Zhirong Ou and Michael Wickens

On the Output Effects of Monetary Variability pp. 225-236

Apostolos Serletis and Sajjadur Rahman

The Uneven Impact of Continental Boundaries on Trade pp. 237-257

Salvador Gil-Pareja, Rafael Llorca-Vivero and José Martínez-Serrano

Optimal Conservatism and Collective Monetary Policymaking under Uncertainty pp. 259-278

Carsten Hefeker and Blandine Zimmer

Windfall Resource Income, Productivity Growth, and Manufacturing Employment pp. 279-311

Talan Iscan

Market Entries and Exits and the Nonlinear Behaviour of the Exchange Rate Pass-Through into Import Prices pp. 313-332

Nils Herger

The Effects of Internationalization on Innovation: Firm-Level Evidence for Transition Economies pp. 333-350

Martijn Boermans and Hein Roelfsema

Did the Classical Gold Standard Lead to Greater Price Level Convergence? A New Approach pp. 351-377

William Miles

Volume 26, issue 1, 2015

The Spread of Manufacturing to the Poor Periphery 1870–2007 pp. 1-37

Agustín Bénétrix, Kevin O’Rourke and Jeffrey Williamson

Implications of Globalization for the Output-inflation Relationship: an Assessment pp. 39-60

Joseph Daniels, Sandeep Mazumder and David VanHoose

Trade Integration and Business Cycle Synchronization in the EMU: The Negative Effect of New Trade Flows pp. 61-79

Jean-Sébastien Pentecôte, Jean-Christophe Poutineau and Fabien Rondeau

Modeling Sterilized Interventions and Balance Sheet Effects of Monetary Policy in a New-Keynesian Framework pp. 81-108

Jaromir Benes, Andrew Berg, Rafael Portillo and David Vavra

Exchange Rate Risk and the Impact of Regret on Trade pp. 109-119

Udo Broll, Peter Welzel and Kit Wong

Optimal Monetary Policy Under a Global Dollar Standard: The Effect of Vertical Trade and Production pp. 121-137

Chan Wang and Heng-Fu Zou

Currency Crises and Output Dynamics pp. 139-153

Arabinda Basistha and Sheida Teimouri

Emerging Market Economies and the Next Reserve Currencies pp. 155-174

Menzie Chinn

Volume 25, issue 5, 2014

When is Lift-Off? Evaluating Forward Guidance from the Shadow pp. 819-839

Matthias Neuenkirch and Pierre Siklos

Reconsidering the International Comovement of Inflation pp. 841-863

Marcel Förster and Peter Tillmann

Demographic Change, International Trade and Capital Flows pp. 865-883

Igor Fedotenkov, Bas van Groezen and Lex Meijdam

Inflation and Business Cycle Convergence in the Euro Area: Empirical Analysis Using an Unobserved Component Model pp. 885-908

Stephen Hall and Sérgio Lagoa

Budgetary-Neutral Fiscal Policy Rules and External Adjustment pp. 909-936

Stefan Hohberger, Lukas Vogel and Bernhard Herz

Leading Indicators of Currency Crises: Are They the Same in Different Exchange Rate Regimes? pp. 937-957

Yanping Zhao, Jakob Haan, Bert Scholtens and Haizhen Yang

Indeterminacy and Pollution Haven Hypothesis in a Dynamic General Equilibrium Model pp. 959-980

Akihiko Yanase

Tales from the Bretton Woods pp. 981-991

Michael Bordo

Volume 25, issue 4, 2014

Real Exchange Rates, the Trade Balance and Net Foreign Assets: Long-Run Relationships and Measures of Misalignment pp. 635-653

Guangfeng Zhang and Ronald MacDonald

Exchange Rates and Trade Balance Adjustment: A Multi-Country Empirical Analysis pp. 655-675

Michael Bleaney and Mo Tian

Purchasing Power Parity Between the UK and Germany: The Euro Era pp. 677-699

Giorgio Canarella, Stephen Miller and Stephen Pollard

Trade Openness and Vertical Structure: Evidence From Korean Firm-Level Data pp. 701-720

Hea-Jung Hyun and Jung Hur

On the Monetary Approach to the Balance of Payments pp. 721-737

Arman Mansoorian

Monetary Policy Committee Transparency: Measurement, Determinants, and Economic Effects pp. 739-770

Bernd Hayo and Ummad Mazhar

Implications of Exchange Rate Pass-Through and Nontradable Goods for International Policy Cooperation pp. 771-795

Masanori Kashiwagi

Agricultural Exports, Tariffs and Growth pp. 797-807

Leonid Azarnert

A Crisis Transmission Channel for Reserve Currency Countries: A Cautionary Tale pp. 809-818

Victoria Miller

Volume 25, issue 3, 2014

China’s Growth, Stability, and Use of International Reserves pp. 407-428

Joshua Aizenman, Yothin Jinjarak and Nancy Marion

Optimal Exchange Intervention in an Inflation Targeting Regime: Some Cautionary Tales pp. 429-450

Matthew Canzoneri and Robert Cumby

The Effects of Fiscal Policy in a Small Open Economy with a Fixed Exchange Rate pp. 451-476

Søren Hove Ravn and Morten Spange

Vertical Trade, Exchange Rate Pass-Through, and the Exchange Rate Regime pp. 477-520

Ke Pang and Yao Tang

Contagion and Global Financial Crises: Lessons from Nine Crisis Episodes pp. 521-570

Renee Fry-McKibbin, Cody Yu-Ling Hsiao and Chrismin Tang

Endogenous Growth and External Balance in a Small Open Economy pp. 571-594

George Alogoskoufis

Capital Flows: Issues and Policies pp. 595-633

Peter Montiel

Volume 25, issue 2, 2014

Has Trade Become More Responsive to Income? Assessing the Evidence for US Imports pp. 225-241

Janet Ceglowski

Interest-Rate Spread and Public-Debt Dynamics in a Two-Country Monetary-Union Portfolio Model pp. 243-261

Roberto Tamborini

Labor Taxation and FDI Decisions in the European Union pp. 263-287

Åsa Hansson and Karin Olofsdotter

A Global Perspective on Effectiveness of Aid for Trade pp. 289-309

Maria Berrittella and Jian Zhang

The Signalling Channel of Central Bank Interventions: Modelling the Yen/US Dollar Exchange Rate pp. 311-336

Yu-Fu Chen, Michael Funke and Nicole Glanemann

The Non-Monetary Side of the Global Disinflation pp. 337-371

Gregor Schwerhoff and Mouhamadou Sy

Unanticipated vs. Anticipated Tax Reforms in a Two-Sector Open Economy pp. 373-406

Olivier Cardi and Romain Restout

Volume 25, issue 1, 2014

Papers in Honor of Patrick Minford pp. 1-2

Juergen von Hagen and Michael Wickens

External Imbalances and Fiscal Fragility in the Euro Area pp. 3-34

Pietro Alessandrini, Michele Fratianni, Andrew Hughes Hallett and Andrea Presbitero

Can We Prevent Boom-Bust Cycles During Euro Area Accession? pp. 35-69

Michal Brzoza-Brzezina, Pascal Jacquinot and Marcin Kolasa

The Tragedy of the Commons and Inflation Bias in the Euro Area pp. 71-91

Valeriya Dinger, Sven Steinkamp and Frank Westermann

Do Institutions and Culture Matter for Business Cycles? pp. 93-122

Sumru Altug and Fabio Canova

Banking and the Macroeconomy in China: A Banking Crisis Deferred? pp. 123-161

Vo Phuong Mai Le, Kent Matthews, David Meenagh, A. Patrick Minford and Zhiguo Xiao

The Balance Sheet and the Future of Fed Policy pp. 163-170

Stephen Williamson

How Useful are DSGE Macroeconomic Models for Forecasting? pp. 171-193

Michael Wickens

International Capital Flows in the Model with Limited Commitment and Incomplete Markets pp. 195-224

Juergen von Hagen and Haiping Zhang