Macro and Policy

Who Holds Sovereign Debt and Why It Matters

with Xiang Fang and Bryan Hardy, 2022

Working Paper

The U.S. Equity Listing Decline and the Aggregate Economy

with Fabio Ghironi, 2019.

Expenditure Switching and Exchange Rate Policy: A Comment

NBER Macroeconomics Annual,
(National Bureau of Economic Research, Cambridge, MA),
2003, 17: 272-280.

Are Countries with Official International Capital Restrictions 'Liquidity Constrained'?

European Economic Review,
June 1997, 41: 1079-1109.

Published Paper

Does Foreign Exchange Intervention Signal Future Monetary Policy?

(joint with Graciela Kaminsky), Journal of Monetary Economics,
April 1996, 37: 285-312.

Published Paper

Stochastic Regime Switching and Stabilizing Interventions within Regimes

International Journal of Finance and Economics,
April 1996.

Published Paper

Occasional Interventions to Target Rates

American Economic Review,
Sept 1995, 85: 691-715.

Published Paper

Are Foreign Exchange Intervention and Monetary Policy Related and Does It Really Matter?

Journal of Business,
April 1995, 68: 185-214.

Published Paper

Learning About Intervention Target Zones

(joint with Michael Klein), Journal of International Economics,
December 1993, 35: 275-295.

Published Paper

Why Doesn't Society Minimize Central Bank Secrecy?

Economic Inquiry,
July 1991, 29: 403-415.

Published Paper

Current Account and Fiscal Policy Adjustment in the EMS

in C. Wihlborg, M. Fratianni, and T. Willett,
eds: Financial Market Regulation and Monetary Arrangements after 1992,
(North Holland: Amsterdam), 1991.

The Behavior of Eurocurrency Returns Across Different Holding Periods and Monetary Regimes

Journal of Finance,
September 1990, 45: 1211-1236.

Published Paper

On Occasional Monetary Policy Coordinations that Fix the Exchange Rate

Journal of International Economics,
February 1989, 26: 139-155.

Published Paper

Can Learning Affect Exchange Rate Behavior? The Case of the Dollar in the Early 1980's

Journal of Monetary Economics,
January 1989, 23: 79-100.

Published Paper

The Persistence of the `Peso Problem' When Policy is Noisy

Journal of International Money and Finance,
March 1988, 7: 5-21.

Published Paper

Testing the Portfolio Balance Model: A Multi-Lateral Approach

Journal of International Economics,
February 1988, 24: 107-127.

Published Paper