``A
Simple Model of Optimal Monetary Policy With Financial
Constraints'',with Doris Poon, International Economic Journal, forthcoming
``Consumption and Real Exchange Rates in Professional Forecasts'', with Gregor Smith and James Yetman, Journal of International Economics, forthcoming
``Local and Global Liquidity Traps'', with David Cook, Seoul Journal of Economics, forthcoming
``Cooperative Fiscal Policy at the Zero Lower Bound'', with David Cook, Journal of Japanese and International Economics, forthcoming
``Financial Contagion and Vulnerability of Asian Financial Markets", with James Yetman, in
The Dynamics of Asian Financial Integration: Facts and Analytics , Michael B. Devereux, Philip Lane, Cy Young Park, and Shang Jin Wei, eds. Routledge, 2011
``Fiscal Deficits, Debt, and Monetary Policy in a Liquidity Trap", in Monetary
Policy under Financial Turbulence, Central Bank of Chile, 2011
``Optimal Fiscal Policy Cooperation in a World Liquidity Trap’’, with David Cook,
European Economic Review. (2011), 55, 443-462
``Evaluation International Financial Integration under Leverage Constraints’’, with Alan Sutherland
European Economic Review, 55, (2011), 427-442.
``Country Portfolios in Open Economy Macro Models``, with Alan Sutherland,
Journal of the European Economic Association, 9, (2011), 337-389.
``Oil Currency and the Dollar
Standard: A Simple Analytical Model of an International
Trade Currency", with Kang Shi and Juanyi Xu, Journal of Money Credit and Banking,
(2010), 42, 521-550.
``Leverage Constraints and the International Transmission of Shocks’’, with James Yetman,
Journal
of Money Credit and Banking, (2010), 42, 71-105.
``Valuation Effects and the Dynamics of Net External Assets``, with Alan Sutherland,
Journal of International Economics, (2010), 80, 129-43.
``Much Appreciated: The Rise of the Canadian Dollar, 2002-2008``
Review of Economic Analysis, (2009), 1, 1-33 (inaugural issue).
``Price Adjustment and Exchange Rate Pass-through``, with James Yetman,
Journal
of International Money and Finance, (2010), 29, 181-2000.
``A Portfolio Model of Capital Flows to Emerging Markets``, with Alan Sutherland,
Journal of Development Economics (2009)
``A Simple Model of Emerging Market Portfolio Structure``,
International Review of Economics and Finance, (2009)
``An Open Economy Model of Endogenous Price Flexibility'', in Monetary Policy in Low-Inflation Economies, David E. Altig and Ed Nosal, eds, Cambridge University Press, (2009).
``Expectations, Monetary Policy, and the Misalignment of Traded Goods Prices``,
NBER International Seminar on Macroeconomics, (2008)
``Financial Globalization and Monetary Policy``, with Alan Sutherland,
Journal of Monetary Economics, (2008), 55, 1363-75.
``Financial Globalization and Emerging Market Portfolios``,
Monetary and Economic Studies (2007), 25, 101-123.
“Transfer Problem Dynamics: Macroeconomics of the Franco-Prussian War Indemnity”,
with Gregor Smith, Journal of Monetary Economics, (2007), 54, 2375-98.
with Charles Engel, Journal of Monetary Economics, (2007), 54, 2346-74.
“Currency Appreciation and Current Account Adjustment”
with Hans Genberg, Journal of International Money and Finance, (2007), 26, 570-86.
“Monetary Policy and Portfolio Choice in an Open Economy Macro Model”
with Alan Sutherland, Journal of the European Economic Association, (2006).
``Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?'',
with Woon
Gyu Choi, Staff Papers, (2006), 53, 147-80.
``State dependent Pricing and Business Cycle Asymmetries'',
with Henry Siu, International Economic Review, (2007), 47, 281-310.
``Global Monetary Policy Under a Dollar Standard'',
with Kang Shi and Juanyi Xu, Journal of International Economics, forthcoming
“Exchange Rate Regimes, Specialization, and Trade Volume”,
with Graham Voss, Berkeley Electronic Press, Topics in Macroeconomics, 6, article 12
“A Theoretical Growth
Model For Ireland”
with Frank Barry, The Economic and Social Review,
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``Exchange Rate Policy and Endogenous Price Flexibility'',
Journal of the European Economic Association, 2006.
``External Currency Pricing and the East Asian Crisis'',
with David Cook, Journal of International Economics, (2006), 69, 37-63.
``Capital Inflows, Fiscal Discretion, and Exchange Rate Policy''
with David Cook European Economic Review, (2006).
``Exchange Rates and Monetary Policy in Emerging Market Economies",
with
with David Cook, Journal of Money Credit and Banking, (2006)
``Friedman Redux: Restricting Monetary Policy Rules to Support Flexible Exchange Rates'',
with Kang Shi and Juanyi Xu, Economics Letters (2005), 87, 291-99.
Journal of Macroeconomics (2004), 26, 287-308.
``Endogenous Pass-through when Nominal Prices are set in Advance'',
with Charles Engel and Peter Storgaard, Journal of International Economics, (2004), 63, 263-91.
``Should the Exchange Rate be a Shock Absorber?''
Journal of International Economics, (2004), 62, 359-77.
``A Macroeconomic Analysis of EU Accession under Alternative Monetary Policies''
Journal of Common Market Studies, (2003), 41, 941-64.
``Price Setting and Exchange Rate Pass-through: Theory and Evidence'',
with James Yetman,
Price Adjustment and Monetary Policy, Bank of
``Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility'',
with Charles Engel, Review of Economic Studies, (2003) 70, 765-84.
``Mundell Revisited: A Simple Approach to the Costs and Benefits of a Single Currency Area '',
with Stephen Ching, Review of International Economics, (2003), 11, 674-91.
``Exchange Rate Pass-through and the Welfare Effects of the Euro",
with Charles Engel and Cedric Tille, International Economic Review, (2003), 44, 223-242.
``Understanding Bilateral Exchange Rate Volatility'',
with
``Predetermined Prices and the Persistent Effects of Money on Output'',
with James Yetman Journal of Money Credit and Banking, (2003), 35, 729-742.
Review of International Economics, (2003), 11, 38-54.
``Expansionary Fiscal Contraction: A Theoretical Exploration",
with Frank Barry, Journal of Macroeconomics, (2003), 25, 1-23.
``Menu Costs and the Long-run Output-inflation Trade-off'',
with James Yetman, Economics Letters, (2002), 76, 95-100.
``Exchange Rate Volatility, Exchange Rate Pass-through, and Exchange Rate Disconnect'',
with Charles Engel, Journal of Monetary Economics, (2002), 49, 913-40.
``Capital Controls in Malaysia: Effectiveness and Side Effects'',
with David Cook, Asian Economic Papers (2002), 1 49-82.
``The Optimal Choice of Exchange Rate Regime: Price Setting Rules and Internationalized Production''
with Charles Engel, Topics in Empirical International Economics: Festschrift in Honor of Robert Lipsey,
Magnus Blomstrom and Linda Goldberg, eds, NBER Press, (2001).
``Monetary Policy, Exchange Rate Flexibility, and Exchange Rate Pass-through",
in Revisiting the Case for
Flexible Exchange Rates, Bank of
``Dynamic Gains from International Trade with Imperfect Competition and Market Power'',
with Khang Min Lee, Review of Development Economics, 5, (2001) 239-255.
``Government Spending and Welfare with Returns to Specialization'',
with Allen Head and Beverly Lapham, Scandinavian Journal of Economics, 102(4), (2000), 547-561.
``How Does a Devaluation affect the Current Account?",
Journal of International Money and Finance, 19, (2000), 833-851.
``The International Monetary Transmission of Monetary and Fiscal Policies in a Two Country Model'',
with Caroline Betts, in Essays in Honor of Robert A. Mundell, M.Obstfeld and G. Calvo, eds, MIT Press, (2001).
``International Monetary Policy Coordination and Competitive Depreciation: A Re-Evaluation'',
with Caroline Betts, Journal of Money Credit and Banking, 32, (2000), 722-746.
``Exchange Rate Dynamics in a Model of Pricing to Market'',
with Caroline Betts, Journal of International Economics, 50,1 (2000) 215-244.
``Real Exchange Rates and Growth: A Model of East Asia'',
Review of International Economics, 7, (1999), 509-521.
``Growth and the Dynamics of Trade Liberalization'',
Journal of Economic Dynamics and Control, 23, (1999) 773-795.
``Endogenous Trade Policy and the Gains from International Financial Markets'',
with Khang Min Lee, Journal of Monetary Economics, 43, (1999), 35-59.
``Political Instability, Capital Taxation, and Growth'',
with Jean Francois Wen, European Economic Review, 42 (1998), 1635-51.
``The Real Exchange Rate and Macroeconomics: Evidence and Theory'',
Canadian Journal of Economics, 30(1997), 25-48.
``Growth, Specialization, and Trade Liberalization'',
International Economic Review, 38 (1997), 565-86.
``Growth and Risk-Sharing with Incomplete International Assets Markets'',
with Makoto Saito, Journal of International Economics, 42 (1997), 453-81.
``The Exchange Rate in a Model of Pricing to Market'',
with Caroline Betts, European Economic Review, 40 (1996) 1007-1021.
``Monopolistic Competition, Increasing Returns, and the Effects of Government Spending''
with Beverly Lapham and Allen Head, Journal of Money Credit and Banking, 28 (1996), 233-254.
``Aggregate Fluctuations with Increasing Returns to Specialization and Scale''
with Allen Head and Beverly Lapham, Journal of Economic Dynamics and Control, 20 (1996), 627-656.
``Money and the Real Exchange Rate with Sticky Prices and Increasing Returns'',
with Paul Beaudry,
Carnegie
``The `Expansionary Fiscal Contraction' Hypothesis: A Neo-Keynesian Analysis'',
with Frank Barry,
``Anticipated Budget Deficits and the Real Exchange Rate'',
Canadian Journal of Economics, November 1995, 28, S207-S220.
``The Dynamic Effects of Government Spending Policies in a Two Sector Endogenous Growth Model''
with David Love, Journal of Money Credit and Banking, 27 (1995), 232-256.
``The Effects of Factor Taxation in a Two-Sector Model of Endogenous Growth'',
with David Love, Canadian Journal of Economics, 27 (1994), 509-536.
``International Risk-Sharing and Economic Growth'',
with Gregor Smith, International Economic Review, 35 (1994), 535-50.
``The Stability of Economic Integration and Endogenous Growth''
with Beverly Lapham, Quarterly Journal of Economics, 119 (1994), 299-305.
``Monopolistic Competition and Real Business Cycles''
with Allen Head and Beverly C. Lapham, Economics Letters 41 (1993), 57-61.
``Government Spending and Crowding Out: A Review''
with Frank Barry, Economic and Social Review 23 (1992), 199-221
``Does a Monetary
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``International Fiscal Policy Coordination and Economic Growth'',
with Arman Mansoorian, International Economic Review 32 (1992), 240-64.
``Realistic Cross-Country Consumption Correlations in a Two-Country Real Business Cycle Model''
with Allan Gregory and Gregor Smith, Journal of International Money and Finance 11 (1992), 3-16.
``The Trade-Off Between Precommitment and Flexibility in Trade Union Wage Setting'',
with S. Anderson,
``The Terms of Trade and the International Coordination of Fiscal Policies ''
Economic Inquiry 29 (1991), 720-36.
``Government Purchases and Real Interest Rates with Endogenous Time Preference'',
Economics Letters 35 (1991), 131-36.
``Trade Unions, Non-Binding Wage Agreements, and Capital Accumulation'',
with Ben Lockwood, European Economic Review 35 (1991), 549-69.
``Capital Accumulation and the Current Account in a Two-Country Model'',
with Shouyong Shi, Journal of International Economics, 30 (1990), 1-25.
``Fiscal Policy and the Real Exchange Rate'',
with D.D. Purvis, European Economic Review, 34, (1990), 1201-1212.
``International Cooperation, Precommitment and Welfare'',
International Economic Review, 31 (1990), 39-55.
``International Coordination of Macroeconomic Policies'',
with Thomas Wilson, Canadian Public Policy, 15 (1989), Supplement 20-33.
``Profit Sharing and Optimal Labour Contracts'',
with Simon Anderson, Canadian Journal of Economics, 22 (1988), 425-433.
``A Positive Theory of Inflation and Inflation Variance'',
Economic Inquiry, 27 (1989), 105-116.
``The Optimal Mix of Wage Indexation and Foreign Exchange Market Intervention'',
Journal of Money Credit and Banking, 20 (1988) 381-392
``Nontraded Goods and the International Transmission of Fiscal Policy'',
Canadian Journal of Economics, 21 (1988) 265-278.
``Trade Unions and the Choice of Capital Stock'',
Co-authored with Simon Anderson, Scandinavian Journal of Economics, 90 (1988) 27-44.
``A Positive Theory of Fiscal Policy for Open Economies''.
with D.D. Purvis and D. Backus in J.A. Frenkel
ed. International Aspects of Fiscal
Policy, (1988),
``Fiscal Spending, the Terms of Trade and Real Interest Rates'',
Journal of International Economics, 22 (1987) 219-235.
``The Effect of Monetary Variability on Welfare in a Simple Macroeconomic Model''.
Journal of Monetary Economics, 19 (1987) 427-435.
``Public Investment and International Policy Coordination'',
Economics Letters 22 (1987) 299-302.