Fred H. Sanderson Professor of International Economics
"The Macroeconomic Effects of Macroprudential Policy: Evidence from a Narrative Approach" (with Diego Rojas and Guillermo Vuletin), Journal of International Economics, Vol. 139 (November 2022). NBER working paper version.
"Non-linear Effects of Tax Changes on Output: The Role of the Initial Level of Taxation" (with Samara Gunter, Daniel Riera-Crichton, and Guillermo Vuletin), Journal of International Economics, Vol. 131 (2021). NBER working paper version.
"The Exchange-Rate Response to Monetary Policy Innovations" (with Viktoria Hnatkovska and Amartya Lahiri), American Economic Journal: Macroeconomics, Vol. 8 (2016), pp. 137-81.
"Tax Multipliers: Pitfalls in Measurement and Identification" (with Daniel Riera-Crichton and Guillermo Vuletin), Journal of Monetary Economics, Vol. 79 (2016), pp. 30-48. NBER working paper version.
"How Is Tax Policy Conducted over the Business Cycle?" (with Guillermo Vuletin), American Economic Journal: Economic Policy, Vol. 7 (2015), pp. 327-70.
"The Road to Redemption: Policy Response to Crises in Latin America" (with Guillermo Vuletin), IMF Economic Review, Vol. 62 (2014), pp. 546-68.
"Interest Rate and the Exchange Rate: A Non-Monotonic Tale" (with Viktoria Hnatkovska and Amartya Lahiri), European Economic Review, Vol. 63 (2013), 68-93. NBER working paper version.
"On Graduation from Fiscal Procyclicality" (with Jeffrey Frankel and Guillermo Vuletin), Journal of Development Economics, Vol. 100 (2013), pp.32-47. NBER working paper version.
"How Big (Small) are Fiscal Multipliers?" (with Ethan Ilzetzki and Enrique Mendoza), Journal of Monetary Economics, Vol. 60 (2013), 239-54. NBER working paper version.
“Decoupling and Recoupling" (with Anton Korinek and Agustin Roitman), American Economic Review, Papers and Proceedings, Vol. 100 (2010), pp. 393-97.
"When is it Optimal to Abandon a Fixed Exchange Rate? (with Sergio Rebelo), Review of Economic Studies, Vol. 75 (2008), pp. 929-55.
"Segmented asset markets and optimal exchange rate regimes" (with Amartya Lahiri and Rajesh Singh), Journal of International Economics, Vol. 72 (2007), pp. 1-21. NBER working paper version.
"Output Costs, Balance of Payment Crises, and Interest Rate Defense of a Peg" (with Amartya Lahiri), Economic Journal, Vol. 117 (2007), 219-39.
"Tax Base Variability and Procyclical Fiscal Policy" (with Ernesto Talvi), Journal of Development Economics, Vol. 78 (2005), pp. 159-90. NBER working paper version.
"When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies," (with Graciela Kaminsky and Carmen Reinhart), in Mark Gertler and Kenneth S. Rogoff, NBER Macro Annual 2004 (2005), pp.11-82.
"The Unholy Trinity of Financial Contagion" (with G. Kaminsky and C. Reinhart), Journal of Economic Perspectives, Vol. 17 (2003), 51-74
"Delaying the Inevitable: Optimal Interest Rate Defense and BOP Crises" (with A. Lahiri), Journal of Political Economy, Vol. 111 (2003), 404-24.
"Modern Hyper- and High Inflation" (with Stanley Fischer and Ratna Sahay), Journal of Economic Literature, Vol. 40 (2002), pp. 195-241.
"Inflation Stabilization and BOP Crises in Developing Countries" (with Guillermo A. Calvo), in John Taylor and Michael Woodford, eds., Handbook of Macroeconomics (Volume C; North Holland, 1999), 1531-1614. NBER working paper version.
"Losing Credibility: The Stabilization Blues," (with Pablo E. Guidotti), International Economic Review, Vol. 40 (1999), pp. 23-51.
"Inflation Stabilization and the Consumption of Durable Goods" (with Jose De Gregorio and Pablo E. Guidotti), Economic Journal, Vol. 108 (1998), pp. 23-51
"Banks and Macroeconomic Disturbances under Predetermined Exchange Rates" (with Sebastian Edwards), Journal of Monetary Economics, Vol. 40 (1997), pp. 239-78. NBER working paper version.
"Disinflation and Interest-Bearing Money" (with Guillermo A. Calvo), Economic Journal, Vol. 106 (1996), 1546-63.
"Economies in Transition: The Beginnings of Growth," (with Stanley Fischer and Ratna Sahay), American Economic Review, Papers and Proceedings (1996), pp. 229-33.
"Stabilization and Growth in Transition Economies: The Early Experience" (with Stanley Fischer and Ratna Sahay), Journal of Economic Perspectives, Vol. 10 (1996), 45-66.
"Real Effects of Exchange Rate-Based Stabilizations: An Analysis of Competing Theories" (with Sergio Rebelo), in Ben S. Bernanke and Julio J. Rotemberg, eds., NBER Macroeconomics Annual (1995), pp.125-174.
"Credibility and the Dynamics of Stabilization Policy: A Basic Framework" (with Guillermo A. Calvo), in Christopher Sims, ed., Advances in Econometrics: Sixth World Congress, Vol. II (Cambridge University Press, 1994), pp. 377-420. IMF Working Paper.
"Stopping High Inflation: An Analytical Overview," IMF Staff Papers, Vol. 39 (1992), pp. 626-95.