Working Papers

“Currency Misalignments and Optimal Monetary Policy: A Reexamination”, revision March 20, 2009 (1st version: November 6, 2008.)

“International Risk Sharing: Through Equity Diversification or Exchange-Rate Hedging?” (with Akito Matsumoto), revision November 18, 2008 (1st version: June 6, 2008.)

“International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities,” (with Jian Wang), revision November 6, 2009 (1st version: August 8, 2007.)

"Expectations and Exchange Rate Policy," (with Michael B. Devereux), revision April 24, 2006 (1st version: October 31, 2005.)