Content
2015
- 231 Evolving comparative advantage, sectoral linkages, and structural change
by Michael Sposi - 230 Do bank loans and local amenities explain Chinese urban house prices?
by Daisy J. Huang & Charles Ka Yui Leung & Baozhi Qu - 229 Real exchange rate forecasting and ppp: this time the random walk loses
by Michele Ca' Zorzi & Jakub Muck & Michal Rubaszek - 228 Monitoring the world business cycle
by Maximo Camacho & Jaime Martinez-Martin - 227 Bank and sovereign risk feedback loops
by Aitor Erce - 226 The asymmetric effects of deflation on consumption spending: evidence from the Great Depression
by J. Scott Davis - 225 The global component of local inflation: revisiting the empirical content of the global slack hypothesis with Bayesian methods
by Enrique Martínez García - 224 Pegging the exchange rate to gain monetary policy credibility
by J. Scott Davis & Ippei Fujiwara - 223 Long-run effects in large heterogenous panel data models with cross-sectionally correlated errors
by Alexander Chudik & Kamiar Mohaddes & M. Hashem Pesaran & Mehdi Raissi - 222 Trilemma, not dilemma: financial globalisation and Monetary policy effectiveness
by Georgios Georgiadis & Arnaud Mehl - 221 Housing demands, savings gluts and current account dynamics
by Pedro Gete
2014
- 220 Japan’s financial crises and lost decades
by Naohisa Hirakata & Nao Sudo & Ikuo Takei & Kozo Ueda - 219 The role of two frictions in geographic price dispersion: when market friction meets nominal rigidity
by Chi-Young Choi & Horag Choi - 218 Aging and deflation from a fiscal perspective
by Mitsuru Katagiri & Hideki Konishi & Kozo Ueda - 217 Trends and cycles in small open economies: making the case for a general equilibrium approach
by Kan Chen & Mario J. Crucini - 216 Noisy information, distance and law of one price dynamics across US cities
by Mario J. Crucini & Mototsugu Shintani & Takayuki Tsuruga - 215 Geographic barriers to commodity price integration: evidence from US cities and Swedish towns, 1732-1860
by Mario J. Crucini & Gregor W. Smith - 214 The macroeconomic effects of debt- and equity-based capital inflows
by J. Scott Davis - 213 A multi-country approach to forecasting output growth using PMIs
by Alexander Chudik & Valerie Grossman & M. Hashem Pesaran - 212 Exchange rates dynamics with long-run risk and recursive preferences
by Robert Kollmann - 211 Hot money and quantitative easing: the spillover effect of U.S. monetary policy on Chinese housing, equity and loan markets
by Steven Wei Ho & Ji Zhang & Hao Zhou - 210 The Federal Reserve engages the world (1970-2000): an insider's narrative of the transition to managed floating and financial turbulence
by Edwin M. Truman - 209 Unprecedented actions: the Federal Reserve’s response to the global financial crisis in historical perspective
by Frederic S. Mishkin & Eugene White - 208 No price like home: global house prices, 1870-2012
by Katharina Knoll & Moritz Schularick & Thomas Steger - 207 Can interest rate factors explain exchange rate fluctuations?
by Julieta Yung - 206 Federal Reserve policy and Bretton Woods
by Michael D. Bordo & Owen F. Humpage - 205 Navigating constraints: the evolution of Federal Reserve monetary policy, 1935-59
by Mark A. Carlson & David C. Wheelock - 204 The international monetary and financial system: a capital account historical perspective
by Claudio Borio & Harold James & Hyun Song Shin - 203 The international monetary and financial system: its Achilles heel and what to do about it
by Claudio Borio - 202 A threshold model of the US current account
by Roberto Duncan - 201 Stability or upheaval? The currency composition of international reserves in the long run
by Barry Eichengreen & Chitu Livia & Arnaud Mehl - 200 The Federal Reserve in a globalized world economy
by John B. Taylor - 199 Intra-safe haven currency behavior during the global financial crisis
by Rasmus Fatum & Yohei Yamamoto - 198 Exchange rate flexibility under the zero lower bound
by David Cook & Michael B. Devereux - 197 International financial integration and crisis contagion
by Michael B. Devereux & Changhua Yu - 196 Real exchange rates and sectoral productivity in the Eurozone
by Martin Berka & Michael B. Devereux & Charles Engel - 195 Doctrinal determinants, domestic and international of Federal Reserve policy, 1914-1933
by Barry Eichengreen - 194 Working less and bargain hunting more: macro implications of sales during Japan's lost decades
by Nao Sudo & Kozo Ueda & Kota Watanabe & Tsutomu Watanabe - 193 What drives housing dynamics in China? a sign restrictions VAR approach
by Timothy Yang Bian & Pedro Gete - 192 Trade partner diversification and growth: how trade links matter
by Ali Sina Onder & Hakan Yilmazkuday - 191 Benefits of foreign ownership: evidence from foreign direct investment in china
by Jian Wang & Xiao Wang - 190 Technical note on \"assessing Bayesian model comparison in small samples\"
by Enrique Martínez García & Mark A. Wynne - 189 Assessing Bayesian model comparison in small samples
by Enrique Martínez García & Mark A. Wynne - 188 The redistributional consequences of tax reform under financial integration
by Ayse Kabukcuoglu - 187 Pricing-to-market and optimal interest rate policy
by Dudley Cooke - 186 The domestic segment of global supply chains in China under state capitalism
by Heiwai Tang & Fei Wang & Zhi Wang - 185 Learning to export from neighbors
by Ana Fernandes & Heiwai Tang - 184 Bank crises and sovereign defaults in emerging markets: exploring the links
by Irina Balteanu & Aitor Erce - 183 Capital goods trade and economic development
by Piyusha Mutreja & B. Ravikumar & Michael Sposi - 182 Very long-run discount rates
by Stefano Giglio & Matteo Maggiori & Johannes Stroebel - 181 International capital flows and the boom-bust cycle in Spain
by Jan in't Veld & Robert Kollmann & Beatrice Pataracchia & Marco Ratto & Werner Roeger - 180 Theory and practice of GVAR modeling
by Alexander Chudik & M. Hashem Pesaran - 179 The role of direct flights in trade costs
by Demet Yilmazkuday & Hakan Yilmazkuday - 178 Credit booms, banking crises, and the current account
by J. Scott Davis & Adrienne Mack & Wesley Phoa & Anne Vandenabeele - 177 Error correction dynamics of house prices: an equilibrium benchmark
by Charles Ka Yui Leung - 176 What drives the German current account? and how does it affect other EU member states?
by Jan in't Veld & Robert Kollmann & Marco Ratto & Werner Roeger & Lukas Vogel - 175 Banking on seniority: the IMF and the sovereign’s creditors
by Aitor Erce - 174 Inflation targeting and the anchoring of inflation expectations: cross-country evidence from consensus forecasts
by J. Scott Davis & Ignacio Presno - 173 Minimum wages and firm employment: evidence from China
by Yi Huang & Prakash Loungani & Gewei Wang - 172 Trade linkages and the globalisation of inflation in Asia and the Pacific
by Raphael Auer & Aaron Mehrotra - 171 Capital controls as an instrument of monetary policy
by J. Scott Davis & Ignacio Presno - 170 Monetary policy shocks and foreign investment income: evidence from a large Bayesian VAR
by Simone Auer - 169 A contribution to the chronology of turning points in global economic activity (1980-2012)
by Valerie Grossman & Adrienne Mack & Enrique Martínez García - 168 Vertical integration and supplier finance
by Holger Gorg & Erasmus K. Kersting - 167 The boy who cried bubble: public warnings against riding bubbles
by Yasushi Asako & Kozo Ueda
2013
- 166 Database of global economic indicators (DGEI): a methodological note
by Valerie Grossman & Adrienne Mack & Enrique Martínez García - 165 Episodes of Exuberance in Housing Markets: In Search of the Smoking Gun
by Valerie Grossman & Adrienne Mack & Enrique Martínez García & Efthymios Pavlidis & Ivan Paya & David Peel & Alisa Yusupova - 164 Testing for bubbles in housing markets: new results using a new method
by José E. Gómez-González & Jair N. Ojeda-Joya & Catalina Rey-Guerra & Natalia Sicard - 163 Institutional quality, the cyclicality of monetary policy and macroeconomic volatility
by Roberto Duncan - 162 Debt, inflation and growth robust estimation of long-run effects in dynamic panel data models
by Alexander Chudik & Kamiar Mohaddes & M. Hashem Pesaran & Mehdi Raissi - 161 Is the net worth of financial intermediaries more important than that of non-financial firms?
by Naohisa Hirakata & Nao Sudo & Kozo Ueda - 160 U.S. business cycles, monetary policy and the external finance premium
by Enrique Martínez García - 159 Micro price dynamics during Japan's lost decades
by Nao Sudo & Kozo Ueda & Kota Watanabe - 158 A shopkeeper economy
by Daniel P. Murphy - 157 How does government spending stimulate consumption?
by Daniel P. Murphy - 156 Why are goods and services more expensive in rich countries? demand complementarities and cross-country price differences
by Daniel P. Murphy - 155 Is monetary policy a science? the interaction of theory and practice over the last 50 years
by William R. White - 154 Commodity house prices
by Charles Ka Yui Leung & Song Shi & Edward Tang - 153 Large panel data models with cross-sectional dependence: a survey
by Alexander Chudik & M. Hashem Pesaran - 152 Price indexation, habit formation, and the Generalized Taylor Principle
by Saroj Bhattarai & Jae Won Lee & Woong Yong Park - 151 International reserves and rollover risk
by Javier Bianchi & Juan Carlos Hatchondo - 150 Optimal monetary policy in a currency union with interest rate spreads
by Saroj Bhattarai & Jae Won Lee & Woong Yong Park - 149 Heterogeneous bank loan responses to monetary policy and bank capital shocks: a VAR analysis based on Japanese disaggregated data
by Naohisa Hirakata & Yoshihiko Hogen & Nao Sudo & Kozo Ueda - 148 Large global volatility shocks, equity markets and globalisation: 1885-2011
by Arnaud Mehl - 147 Tractable latent state filtering for non-linear DSGE models using a second-order approximation
by Robert Kollmann - 146 Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors
by Alexander Chudik & M. Hashem Pesaran - 145 Financial globalization and monetary transmission
by Simone Meier - 144 A bargaining theory of trade invoicing and pricing
by Linda S. Goldberg & Cédric Tille - 143 Sovereign debt restructurings and the IMF: implications for future official interventions
by Aitor Erce - 142 Sovereign debt crises: could an international court minimize them?
by Aitor Erce - 141 Exchange rate pass-through, firm heterogeneity and product quality: a theoretical analysis
by Zhi Yu - 140 Merchanting and current account balances
by Elisabeth Beusch & Barbara Döbeli & Andreas M. Fischer & Pinar Yesin - 139 Trade barriers and the relative price tradables
by Michael Sposi - 138 Spatial considerations on the PPP debate
by Michele Ca' Zorzi & Alexander Chudik - 137 Distribution capital and the short- and long-run import demand elasticity
by Mario J. Crucini & J. Scott Davis - 136 The GVAR approach and the dominance of the U.S. economy
by Alexander Chudik & Vanessa Smith - 135 International trade price stickiness and exchange rate pass-through in micro data: a case study on U.S.–China trade
by Mina Kim & Deokwoo Nam & Jian Wang & Jason J. Wu
2012
- 134 The effect of commodity price shocks on underlying inflation: the role of central bank credibility
by J. Scott Davis - 133 Efficient bailouts?
by Javier Bianchi - 132 IKEA: product, pricing, and pass-through
by Marianne Baxter & Anthony Landry - 131 Core import price inflation in the United States
by Janet Koech & Mark A. Wynne - 130 Market structure and exchange rate pass-through
by Raphael Auer & Raphael Schoenle - 129 Price equalization does not imply free trade
by Piyusha Mutreja & B. Ravikumar & Raymond Riezman & Michael Sposi - 128 Does the IMF's official support affect sovereign bonds maturities?
by Aitor Erce - 127 Selective sovereign defaults
by Aitor Erce - 126 Ultra easy monetary policy and the law of unintended consequences
by William R. White - 125 Quality pricing-to-market
by Raphael Auer & Thomas Chaney & Philip Saure - 124 Inflation dynamics: the role of public debt and policy regimes
by Saroj Bhattarai & Jae Won Lee & Woong Yong Park - 123 Global slack as a determinant of U.S. inflation
by Enrique Martínez García & Mark A. Wynne - 122 The between firm effect with multiproduct firms
by Tuan Anh Luong - 121 In the shadow of the United States: the international transmission effect of asset returns
by Kuang-Liang Chang & Nan-Kuang Chen & Charles Ka Yui Leung - 120 Global banks, financial shocks and international business cycles: evidence from an estimated model
by Robert Kollmann - 119 Modelling global trade flows: results from a GVAR model
by Matthieu Bussiere & Alexander Chudik & Giulia Sestieri - 118 Do good institutions promote counter-cyclical macroeconomic policies?
by César Calderón & Roberto Duncan & Klaus Schmidt-Hebbel - 117 Central bank credibility and the persistence of inflation and inflation expectations
by J. Scott Davis - 116 The few leading the many: foreign affiliates and business cycle comovement
by Jorn Kleinert & Julien Martin & Farid Toubal - 115 Does foreign exchange intervention volume matter?
by Rasmus Fatum & Yohei Yamamoto - 114 Are predictable improvements in TFP contractionary or expansionary? implications from sectoral TFP
by Deokwoo Nam & Jian Wang - 113 Hedging against the government: a solution to the home asset bias puzzle
by Tiago C. Berriel & Saroj Bhattarai - 112 A simple model of price dispersion
by Alexander Chudik - 111 The perils of aggregating foreign variables in panel data models
by Michele Ca' Zorzi & Alexander Chudik & Alistair Dieppe - 110 International reserves and gross capital flows: dynamics during financial stress
by Enrique Alberola & Aitor Erce & José Maria Serena - 109 Policy regimes, policy shifts, and U.S. business cycles
by Saroj Bhattarai & Jae Won Lee & Woong Yong Park - 108 Accounting for real exchange rates using micro-data
by Mario J. Crucini & Anthony Landry - 107 Liquidity, risk and the global transmission of the 2007–08 financial crisis and the 2010–11 sovereign debt crisis title
by Alexander Chudik & Marcel Fratzscher - 106 Financial markets forecasts revisited: are they rational, herding or bold?
by Ippei Fujiwara & Hibiki Ichiue & Yoshiyuki Nakazono & Yosuke Shigemi - 105 Bayesian estimation of NOEM models: identification and inference in small samples
by Enrique Martínez García & Diego Vilán & Mark A. Wynne - 104 Optimal monetary policy in a two country model with firm-level heterogeneity
by Dudley Cooke
2011
- 103 Size, openness, and macroeconomic interdependence
by Alexander Chudik & Roland Straub - 102 How have global shocks impacted the real effective exchange rates of individual Euro area countries since the Euro's creation?
by Matthieu Bussiere & Alexander Chudik & Arnaud Mehl - 101 Aggregation in large dynamic panels
by Alexander Chudik & M. Hashem Pesaran - 100 Thousands of models, one story: current account imbalances in the global economy
by Michele Ca' Zorzi & Alexander Chudik & Alistair Dieppe - 99 A cross-country quarterly database of real house prices: a methodological note
by Adrienne Mack & Enrique Martínez García - 98 Do mood swings drive business cycles and is it rational?
by Paul Beaudry & Deokwoo Nam & Jian Wang - 97 Immigrant language barriers and house prices
by Andreas M. Fischer - 96 A real-time historical database for the OECD
by Adriana Fernandez & Evan F. Koenig & Alex Nikolsko-Rzhevskyy - 95 Borders and Big Macs
by Anthony Landry - 94 Product durability and trade volatility
by Dimitra Petropoulou & Kwok Tong Soo - 93 How much asymmetry is there in bond returns and exchange rates?
by Ippei Fujiwara & Lena Mareen Korber & Daisuke Nagakura - 92 Asian financial linkage: macro-finance dissonance
by Ippei Fujiwara & Koji Takahashi - 91 Indeterminacy and forecastability
by Ippei Fujiwara & Yasuo Hirose - 90 A sentiment-based explanation of the forward premium puzzle
by Jianfeng Yu - 89 Financial integration and international business cycle co-movement: the role of balance sheets
by J. Scott Davis - 88 Global asset pricing
by Karen K. Lewis - 87 Currency blocs in the 21st century
by Christoph Fischer - 86 Do banking shocks matter for the U.S. economy?
by Naohisa Hirakata & Nao Sudo & Kozo Ueda - 85 Optimal monetary policy under financial sector risk
by J. Scott Davis & Kevin X. D. Huang - 84 Sharing the burden: monetary and fiscal responses to a world liquidity trap
by David Cook & Michael B. Devereux - 83 Price setting in a leading Swiss online supermarket
by Martin Berka & Michael B. Devereux & Thomas Rudolph - 82 Oil shocks through international transport costs: evidence from U.S. business cycles
by Hakan Yilmazkuday - 81 Lessons for monetary policy: what should the consensus be?
by Otmar Issing - 80 Monetary policy, capital inflows, and the housing boom
by Filipa Sa & Tomasz Wieladek - 79 Low interest rates and housing booms: the role of capital inflows, monetary policy and financial innovation
by Filipa Sa & Pascal Towbin & Tomasz Wieladek - 78 Welfare costs of inflation and the circulation of U. S. currency abroad
by Alessandro Calza & Andrea Zaghini - 77 Export basket and the effects of exchange rates on exports–why Switzerland is special
by Raphael Auer & Philip Saure - 76 Information costs, networks and intermediation in international trade
by Dimitra Petropoulou - 75 International liquidity provision during the financial crisis: a view from Switzerland
by Raphael Auer & Sebastien Kraenzlin - 74 A redux of the workhorse NOEM model with capital accumulation and incomplete asset markets
by Enrique Martínez García - 73 Multiproduct firms and price-setting: theory and evidence from U.S. producer prices
by Saroj Bhattarai & Raphael Schoenle - 72 Global banking and international business cycles
by Zeno Enders & Robert Kollmann & Gernot J. Müller - 71 Vertical specialization, intermediate tariffs, and the pattern of trade: assessing the role of tariff liberalization to U.S. bilateral trade 1989-2001
by Shalah M. Mostashari - 70 Exchange rate pass-through: evidence based on vector autoregression with sign restrictions
by Lian An & Jian Wang - 69 What can EMU countries' sovereign bond spreads tell us about market perceptions of default probabilities during the recent financial crisis?
by Niko Dotz & Christoph Fischer - 68 Exchange rate pass-through, domestic competition and inflation -- evidence from the 2005/08 revaluation of the Renminbi
by Raphael Auer
2010
- 67 Teams of rivals: endogenous markups in a Ricardian world
by Beatriz de Blas & Katheryn N. Russ - 66 The adverse feedback loop and the effects of risk in both the real and financial sectors
by J. Scott Davis - 65 Globalization and inflation in Europe
by Raphael Auer & Kathrin Degen & Andreas M. Fischer - 64 The effects of news about future productivity on international relative prices: an empirical investigation
by Deokwoo Nam & Jian Wang - 63 Export shocks and the zero bound trap
by Ippei Fujiwara - 62 Real exchange rate dynamics revisited: a case with financial market imperfections
by Ippei Fujiwara & Yuki Teranishi - 61 Understanding the effect of productivity changes on international relative prices: the role of news shocks
by Deokwoo Nam & Jian Wang - 60 International real business cycles with endogenous markup variability
by J. Scott Davis & Kevin X. D. Huang - 59 Are the intraday effects of central bank intervention on exchange rate spreads asymmetric and state dependent?
by Rasmus Fatum & Jesper Pedersen & Peter Norman Sorensen - 58 Banking globalization and international business cycles
by Kozo Ueda - 57 Foreign exchange intervention when interest rates are zero: does the portfolio balance channel matter after all?
by Rasmus Fatum - 56 Global liquidity trap
by Ippei Fujiwara & Tomoyuki Nakajima & Nao Sudo & Yuki Teranishi - 55 Income differences and prices of tradables
by Ina Simonovska - 54 Some alternative perspectives on macroeconomic theory and some policy implications
by William R. White - 53 Trends in U.S. hours and the labor wedge
by Simona E. Cociuba & Alexander Ueberfeldt - 52 Financial globalization, financial frictions and optimal monetary policy
by Ester Faia & Eleni Iliopulos - 51 The fiscal multiplier and spillover in a global liquidity trap
by Ippei Fujiwara & Kozo Ueda - 50 Measuring business cycles by saving for a rainy day
by Mario J. Crucini & Mototsugu Shintani - 49 Asymmetries and state dependence: the impact of macro surprises on intraday exchange rates
by Rasmus Fatum & Michael M. Hutchison & Thomas Wu - 48 Does foreign exchange reserve decumulation lead to currency appreciation?
by Kathryn Dominguez & Rasmus Fatum & Pavel Vacek - 47 The quantitative role of capital-goods imports in U.S. growth
by Michele Cavallo & Anthony Landry - 46 What determines European real exchange rates?
by Martin Berka & Michael B. Devereux - 45 Leverage constraints and the international transmission of shocks
by Michael B. Devereux - 44 Fiscal deficits, debt, and monetary policy in a liquidity trap
by Michael B. Devereux - 43 Transitional dynamics of output and factor income shares: lessons from East Germany
by Simona E. Cociuba - 42 Size and composition of the central bank balance sheet: revisiting Japan's experience of the quantitative easing policy
by Shigenori Shiratsuka - 41 Limited asset market participation and the consumption-real exchange rate anomaly
by Robert Kollmann
2009
- 40 Business cycles and remittances: can the Beveridge-Nelson decomposition provide new evidence?
by Roberto Coronado - 39 State-dependent pricing, local-currency pricing, and exchange rate pass-through
by Anthony Landry - 38 A model of international cities: implications for real exchange rates
by Mario J. Crucini & Hakan Yilmazkuday - 37 Global, local, and contagious investor sentiment
by Malcolm Baker & Jeffrey Wurgler & Yu Yuan - 36 Can long-horizon forecasts beat the random walk under the Engel-West explanation?
by Charles Engel & Jian Wang & Jason J. Wu - 35 European hoarding: currency use among immigrants in Switzerland
by Andreas M. Fischer - 34 Should monetary policy \"lean or clean\"?
by William R. White