Proposals for Product Price Targeting & Peg the Export Price (PEP)      

NEW  "Product Price Targeting -- A New Improved Way of Inflation Targeting," in MAS Monetary Review, pp.2-5.  And Macroeconomic Review, Economic Policy Group, Vol.XI, issue 1, April 2012 (Monetary Authority of Singapore), 78-81.

A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America," 2011, Economia, vol.12, no.1, (journal of LACEA, Brookings): 1-57. CID WP 225, 2011. NBER WP 16362, 2010.   

A Comparison of Monetary Anchor Options for Commodity-Exporters in Latin America and the Caribbean,” workshop on Myths and Realities of Commodity Dependence: Policy Challenges and Opportunities for Latin America and the Caribbean, World Bank, Sept.18, 2009.  Slides.   Box in Natural Resources in Latin America and the Caribbean: Beyond Booms and Busts (World Bank, 2010).

"UAE & Other Gulf Countries Urged to Switch Currency Peg from the Dollar to a Basket That Includes Oil,Vox, 9 July, 2008.

“Peg the Export Price Index: A Proposed Monetary Regime for Small Countries,” in Journal of Policy Modeling, June 2005.    RWP03-003, Harvard Kennedy School.

"Iraq’s Currency Solution? Tie the Dinar to Oil," The International Economy, Fall 2003.     [Speculation: “A Fistful of Dinars” Boston Magazine 10/20/06.]

A Proposal to Tie Iraq’s Currency to Oil published as "A Crude Peg for the Iraqi Dinar," Financial Times, June 13, 2003.  

"A Proposed Monetary Regime for Small Commodity-Exporters: Peg the Export Price (‘PEP’),"  Yale, Apr. 2003 (w Appendix.)  International Finance (Blackwill Publishers), vol. , no.1, Spring 2003, 61-88. 

"A Proposal to Anchor Monetary Policy by the Price of the Export Commodity,"  with Ayako Saiki, in Journal of Economic Integration, September 2002, Vol.17, No.3, 417-448. 

  "Should Gold-Exporters Peg Their Currencies to Gold?",
Research Study No. 29
for the World Gold Council,
London, November, 2002.
Tables and Charts