All papers below are copyrighted by their publishers and are not to be reproduced without the permission of the publishers.
“Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy,” (with Michael B. Devereux), Journal of Monetary Economics 54, 2346-2374.
"Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing," Journal of the European Economics Association 4, December 2006, 1249-1260.
"Taylor Rules and the Deutschemark-Dollar Real Exchange Rate," (with Kenneth D. West), Journal of Money, Credit and Banking 38, August 2006, 1175-1194.
"The U.S. Current Account Deficit and the Expected Share of World Output," (with John H. Rogers), Journal of Monetary Economics 53, July 2006, 1063-1093.
"Some New Variance Bounds for Asset Prices," Journal of Money, Credit and Banking 37, October 2005, 949-955.
"Canada's Exchange Rate: New Evidence, a Simple Model, and
Policy Implications," in
"Exchange Rates and Fundamentals," (with Kenneth D. West), Journal of Political Economy 113, June 2005, 485-517.
"Revisiting the Border: An Assessment of the Law of One Price Using Very Disaggregated Consumer Price Data," (with John H. Rogers and Shing-Yi Wang) in Exchange Rates, Capital Flows and Policy, Rebecca Driver, Peter Sinclair, and Christoph Thoenissen, eds., 2005, (London: Routledge), 187-203.
"Does 'Aggregation Bias' Explain the PPP Puzzle?" (with Shiu-Sheng Chen), Pacific Economic Review 10, February 2005, 49-72.
"European Market Integration After the Euro," (with John H. Rogers), Economic Policy 19, July 2004, 347-384.
"Endogenous Exchange Rate Pass-Through when Nominal Prices are Set in Advance" (with Michael B. Devereux and Peter E. Storgaard), Journal of International Economics 63, July 2004, 263-291.
"Accounting for Exchange Rate Variability in Present Value Models when the Discount Factor is Near One," (with Kenneth D. West), American Economic Review, Papers and Proceedings 94, May 2004, 119-125.
"Monetary Policy in the Open Economy Revisited: Exchange Rate Flexibility and Price Setting Behavior," and Appendix (with Michael B. Devereux), Review of Economic Studies 70, October 2003, 765-783.
"Expenditure Switching and Exchange Rate Policy," NBER Macroeconomics Annual 2002, no. 17, 231-272.
"Exchange Rate Pass-through and the Welfare Effects of the Euro," (with Michael B. Devereux and Cedric Tille) International Economic Review 44, February 2003, 223-242.
"Currency Unions and International Integration" (with Andrew K. Rose), Journal of Money, Credit and Banking 34, November 2002, 1067-1089.
"Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect," (with Michael B. Devereux), Journal of Monetary Economics, June 2002, 913-940.
"The Responsiveness of Consumer Prices to Exchange
Rates: A Synthesis of Some New Open-Economy Macro Models," The
"Deviations from Purchasing Power Parity: Causes and Welfare Costs," (with John H. Rogers), Journal of International Economics 55, October 2001, 29-57.
"Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets" , Journal of Money, Credit and Banking 33, May 2001, 518-541.
"Violating the Law of One Price: Should We Make a Federal Case Out of It?" (with John H. Rogers), Journal of Money, Credit and Banking 33, February 2001, 1-15.
"The Optimal Choice of Exchange-Rate Regime:
Price-Setting Rules and Internationalized Production," (with Michael B. Devereux) in
Topics in Empirical International Economics: Festschrift in Honor of
Robert Lipsey, Magnus Blomstrom
and Linda Goldberg, eds., 2001 (NBER and
"Long-Run PPP May Not Hold After All," Journal of International Economics 51, August 2000, 243-273.
"Local-Currency Pricing and the Choice of Exchange-Rate Regime," European Economic Review 44, August 2000, 1149-1472.
"Relative Price Volatility: What Role Does the Border Play?" (with John H. Rogers) in Intranational Macroeconomics, Gregory Hess and Eric van Wincoop, eds., 2000, (Cambridge University Press), 92-111.
"On the Foreign Exchange Risk Premium in Sticky-Price General Equilibrium Models," in International Tax and Public Finance 6, November 1999, 491-505. Also in International Finance and Financial Crises: Essays in Honor of Robert P. Flood, Peter Isard, Assaf Razin and Andrew Rose, eds., 1999, (IMF and Kluwer), pages 71-85.
"The Long-Run U.S./U.K. Real Exchange Rate," (with Chang-Jin Kim), Journal of Money, Credit and Banking 31, August 1999, 335-355.
"Accounting for U.S. Real Exchange Rate Changes," Journal of Political Economy 107, June 1999, 507-538.
"Rent Sharing, Aggregate Saving and Growth," Review of Development Economics 2, June 1998, 107-122.
"Intra-National, Intra-Continental and Intra-Planetary PPP," Journal of the Japanese and International Economies 11, December 1997, 480-501.
"How Wide is the Border?" (with John H. Rogers) American Economic Review 86, December 1996, 1112-1125.
"A Note on Cointegration and International Capital Market Efficiency," Journal of International Money and Finance 15, August 1996, 657-660.
"The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence," Journal of Empirical Finance 3, June 1996, 123-192.
"The Distribution of the Exchange Rate in the EMS," (with Craig S. Hakkio), International Journal of Finance and Economics 1, January 1996, 55-67.
"Tests of Conditional Mean-Variance Efficiency of the U.S. Stock Market," (with Jeffrey A. Frankel, Kenneth Froot, and Anthony P. Rodrigues) Journal of Empirical Finance 2, March 1995, 3-18.
"Can the Markov-Switching Model Forecast Exchange Rates?" Journal of International Economics 36, February 1994, 151-165.
"Real Exchange Rates and Relative Prices: An Empirical Investigation," Journal of Monetary Economics 32, August 1993, 35-50.
"Tests of Mean-Variance Efficiency of International
Equity Markets," (with Anthony P. Rodrigues)
"The Risk Premium and the Liquidity Premium in Foreign Exchange Markets," International Economic Review 33, November 1992, 871-879.
"On the Foreign Exchange Risk Premium in a General Equilibrium Model," Journal of International Economics 32, May 1992, 305-319.
"Trade Policy Under Endogenous Credibility," (with Kenneth M. Kletzer) Journal of Development Economics 36, October 1991, 213-228.
"Long Swings in the Dollar: Are They in the Data and Do Markets Know It?" (with James D. Hamilton) American Economic Review 80, September 1990, 689-713.
"Tariffs and Saving in a Model with New Generations," (with Kenneth M. Kletzer) Journal of International Economics 28, February 1990, 71-91.
"Saving and Investment in an Open Economy with Non-Traded Goods," (with Kenneth M. Kletzer) International Economic Review 30, November 1989, 735-752.
"Tests of International CAPM with Time-Varying Covariances," (with Anthony P. Rodrigues) Journal of Applied Econometrics 4, April-June 1989, 119-138.
"The Trade Balance and the Real Exchange Rate under Currency Substitution," Journal of International Money and Finance 8, March 1989, 47-58.
"The International Monetary System: Forty Years after Bretton Woods: Review Essay," Journal of Monetary Economics 17, May 1986, 441-448.
"On the Correlation of Interest Rates and Exchange Rates," Journal of International Money and Finance 5, March 1986, 125-128.
"Reliability of Policy Announcements and the Effects of Monetary Policy," European Economic Review 29, 1985, 137-155.
"Exchange Rate Dynamics, Sticky Prices, and the Current Account," (with Robert P. Flood) Journal of Money, Credit and Banking 17, August 1985, 312-327.
"Testing for the Absence of Expected Real Profits from Forward Market Speculation," Journal of International Economics 17, November 1984, 299-308.
"Do Asset Demand Functions Optimize over the Mean and Variance of Real Returns? A Six-Currency Test," (with Jeffrey A. Frankel) Journal of International Economics 17, November 1984, 309-323.
"The Secular Inflation Term in Open-Economy Phillips Curves," (with Jeffrey A. Frankel) European Economic Review 24, March 1984, 161-164.
"Why Interest Rates React to Money Announcements: An Explanation from the Foreign Exchange Market," (with Jeffrey A. Frankel) Journal of Monetary Economics 13, January 1984, 31-39.