Home PUBLICATIONS by Type through 2003. [Click here for Recent publications]
World Trade and Payments: An Introduction (with Richard Caves and Ronald Jones); Fifth ed., 1990; Sixth ed., 1993; Seventh ed., 1996. Eighth edition,1999; Ninth edition, Addison Wesley Longman: Boston, MA, 2002.
Regional Trading Blocs, Institute for International Economics, Washington DC, 1997.
Financial Markets and Monetary Policy, MIT Press: Cambridge, MA, 1995.
Does Foreign Exchange Intervention Work? (with Kathryn Dominguez), Institute for International Economics, Washington, D.C., 1993.
On Exchange Rates, MIT Press: Cambridge, MA, 1993.
American Economic Policy in the 1990s
(edited with Peter Orszag), MIT
Press: Cambridge MA, 2002. Recipient of Choice Award -- CHOICE
Outstanding Academic Books for 2002, Association of College and Research
Click here to take a tour of the American Economic Policy in the 1990s Preface to Chinese edition, 2003
|Managing Currency Crises in Emerging Markets (with Michael Dooley), University of Chicago Press, Chicago, 2003.|
|Preventing Currency Crises in Emerging Markets (with Sebastian Edwards), University of Chicago Press, Chicago, 2002.|
The Regionalization of the World Economy, University of Chicago Press, Chicago, 1997.
The Microstructure of Foreign Exchange Markets with G. Galli and A. Giovannini), University of Chicago Press, Chicago, 1996.
The Internationalization of Equity Markets, (University of Chicago Press, Chicago, 1994.
Regionalism and Rivalry: Japan and the United States in Pacific Asia (with Miles Kahler), University of Chicago Press, Chicago, 1993. Special Prize, 10th Annual Masayoshi Ohira Memorial Prize, Foundation for Advanced Information and Research, 1994.
Gold-Exporters Peg Their Currencies to Gold?"
Research Study No. 29
for the World Gold Council,
Tables and Charts
"No Single Currency Regime is Right for All Countries or at All Times," Graham Lecture, Princeton University, April 20, 1999. NBER WP. 7338, 1999. Essays in International Finance No. 215, Princeton University Press.
"Obstacles to International Macroeconomic Policy Coordination," Studies in International Finance, no. 64, Princeton University Press: Princeton, 1988.
"Six Possible Meanings of `Overvaluation': The 1981-85 Dollar," Essays in International Finance No. 159, International Finance Section, Princeton University: Princeton, 1985. Reprinted in The International Monetary System: Highlights from Fifty Years of Princeton's Essays in International Finance, edited by Peter Kenen, Westview Press: Boulder, CO, 1993.
"The Yen/Dollar Agreement: Liberalizing Japanese Capital Markets," Policy Analyses In International Economics No.9, M.I.T. Press for Institute for International Economics: Washington, D.C., December 1984. Translated into Japanese and reprinted by Nomura Research, Inc., Tokyo, 1985.
ARTICLES IN U.S. JOURNALS
[Note that many of these journal articles are available on-line through JSTOR, an electronic archive subscription service commonly accessible through university libraries. Those journals named below that participate in JSTOR are linked to the corresponding location in the JSTOR site. The JSTOR pages link to the publishers. More recent articles can usually be obtained by order or request to the publisher, at your local library or by request to the author.]
|"Contractionary Currency Crashes in Developing Countries," The Mundell Fleming Lecture IMF 5th Annual Research Conference, Nov. 5, 2004.|
"Global Transmission of Interest Rates: Monetary Independence and the Currency Regime," (with Sergio Schmukler and Luis Servén), Policy Research Working Paper no. 2424, World Bank, August 2000. NBER Working Paper 8828, 2002. Forthcoming in Journal of International Money and Finance, 2004
Trade Good or Bad for the Environment? Sorting out the Causality"
with Andrew Rose, Review of Economics and
Statistics, 87, no.1, February 2005. NBER
Working Paper No. 9201 NBER
India, January 2003 Condensed version, February 11, 2003.
[Data available (in Stata).]
"An Estimate of the Effect of Common Currencies on Trade and Income," with Andrew Rose. Quarterly Journal of Economics. May 2002. SUMMARY published in Currency Unions, edited by Alberto Alesina and Robert Barro, Hoover Institution Press, Stanford, CA, 2001. [Our data, some relevant op-ed and newspaper coverage, and a response to a comment by Dani Rodrik, are available at Andy Rose's website.] The Frankel-Romer-Rose gravity-based instrumental variable for trade openness, as updated in Frankel-Rose, 2002
"Verifying Exchange Rate Regimes" with Eduardo Fajnzylber, Sergio Schmukler, and Luis Serven. Journal of Development Economics, vol. 66, no. 809, October 2001: 351-386.
"Does Trade Cause Growth?" (with David Romer), NBER Working Paper No. 5476. American Economic Review 89, no. 3, June 1999, 379-399. To be reprinted in Trade and Growth, New World Order Series, vol. 20, edited by H. Singer, N. Hatti and R. Tandon, BR Publishing Corporation (India) Ltd., 2002. The Frankel-Romer-Rose gravity-based instrumental variable for trade openness, as updated in Frankel-Rose, 2002
"Open Regionalism in a World of Continental Trade Blocs" (with Shang-Jin Wei), NBER Working Paper No. 5272. IMF Staff Papers, Vol. 45, No. 3, September 1998, 440-453.
"Country Fund Discounts and the Mexican Crisis of 1994: Did Mexican Residents Turn Pessimistic Before International Investors?" (with Sergio Schmukler). Condensed version of CIDER Working Paper No. C96-067. Open Economies Review 7, Fall 1996, 511-534. Reprinted in Currency Crashes: Causes, Consequences and Policy Responses, edited by George Tavlas, Kluwer, 1997, 81-104.
"Currency Crashes in Emerging Markets: An Empirical Treatment" (with Andrew Rose), International Finance Discussion Papers No. 534, Federal Reserve Board. Journal of International Economics 41, no. 3/4, 351-366, 1996.
"Recent Exchange Rate Experience and Proposals for Reform," American Economic Review 86, no.2, May 1996, 153-158.
"Regional Trading Arrangements: Natural or Super-Natural?" (with E. Stein and S.J. Wei), American Economic Review 86, no.2, May 1996, 52-56. NBER Working Paper No. 5431.
"A Panel Project on Purchasing Power Parity: Mean-Reversion Within and Between Countries" (with Andrew Rose), Journal of International Economics 40, no.1-2, February 1996, 209-224. NBER Working Paper No. 5006.
"Can Regional Blocs Be Stepping Stones to Global Free Trade?" (with Shang-Jin Wei), International Review of Economics and Finance, Vol. 5 no. 4, November 1995, 339-347.
"Who Drives Real Interest Rates in the Pacific Rim: The United States or Japan?" (with Menzie Chinn), Journal of International Money and Finance 14, no. 6, December 1995, 801-821.
"Economic Regionalism: Evidence from Two 20th Century Episodes" (with Barry Eichengreen), North American Journal of Economic and Finance 6, no. 2, Fall 1995, 89-106. Reprinted in Hedging Bets on Growth in a Globalizing Industrial Order: Lessons for the Asian NIEs, edited by Lee-Jay Cho and Yoon Hyung Kim, Korea Development Institute Press, 1998, 89-119.
"Trading Blocs and the Americas: The Natural, the Unnatural, and the Super-Natural" (with E. Stein and S.J.Wei), full version, CIDER Working Paper No. C94-034. Abridged version, Journal of Development Economics 47, no. 1, June 1995, 61-95.
"The Stabilizing Properties of a Nominal GNP Rule," (with the assistance of M.Chinn), Journal of Money, Credit and Banking 27, no. 2, May 1995, 318-334.
"The Constrained Asset Share Estimation (CASE) Method: Testing Mean-Variance Efficiency of the U.S. Stock Market" (with C. Engel, K. Froot, and A. Rodrigues), Journal of Empirical Finance 2, 1995, 3-18.
"An Indicator of Future Inflation Extracted from the Steepness of the Interest Rate Yield Curve Along its Entire Length" (with Cara Lown), Quarterly Journal of Economics, 109, no.2, May 1994, 517-530.
"A 'Greater China' Trade Bloc?" (with Shang-Jin Wei), China Economic Review 5, no.2, Fall 1994, 179-190.
"Patterns in Exchange Rate Forecasts for 25 Currencies," (with Menzie Chinn), Journal of Money, Credit and Banking 26, no. 24, November 1994, 759-770. Revised version of "Are Exchange Rate Expectations Biased?: Tests for a Cross- Section of 25 Currencies," NBER Working Paper No. 3807. To be reprinted in New Developments in Exchange Rate Economics, edited by L. Sarno and M. Taylor, Edward Elgar Publishing.
"Does Foreign Exchange Intervention Matter? The Portfolio Effect" (with Kathryn Dominguez), abridged version of CIDER Working Paper No. C92-001, U.C. Berkeley. American Economic Review 83, no. 5, December 1993, 1356-69. To be reprinted in Foreign Exchange Intervention: Objectives and Effectiveness, edited by Sylvester Eijffinger, Edward Elgar Publishing, 1999.
"Exchange Rate Expectations and the Risk Premium: Tests for a Cross-Section of 17 Currencies" (with Menzie Chinn), Review of International Economics 1, no.2 (June 1993), 136-144.
"A Note on Internationally Coordinated Policy Packages Intended to be Robust Under Model Uncertainty" (with S.Erwin and K.Rockett), American Economic Review, 82, no.4 (September 1992), 1052-56.
"Measuring International Capital Mobility: A Review," American Economic Review 82, no.2 (May 1992), 197-202. To be reprinted in International Financial Integration, edited by Sylvester Eijffinger and Jan Lemmen, Edward Elgar Publishing.
"Chartists, Fundamentalists, and Trading in the Foreign Exchange Market." (with Ken Froot), American Economic Review 80, no.2 (May 1990), 181-85. To be reprinted in Speculation and Financial Markets, edited by Mark Taylor and Liam Gallagher; and in New Developments in Exchange Rate Economics, edited by Luico Sarno and Mark Taylor, International Library of Critical Writings in Economics, Edward Elgar Publishers, UK.
"Forward Discount Bias: Is it an Exchange Risk Premium?" (with Ken Froot), Quarterly Journal of Economics 104, no.1 (February 1989), 139-161. Reprinted in Advances in Behavioral Finance, R.Thaler, ed., Russell Sage Foundation, New York, 1993, 359-381. To be reprinted also in Speculation and Financial Markets, edited by Mark Tayor and Liam Gallagher, International Library of Critical Writings in Economics, Edward Elgar Publishers, UK.
"Flexible Exchange Rates: Experience versus Theory," Journal of Portfolio Management 15, no.2 (Winter 1989), 45-54.
"International Macroeconomic Policy Coordination When Policy-Makers Do Not Agree On the Model" (with Katharine Rockett), American Economic Review 78, no. 3 (June 1988), 318-340. Also translated into Spanish in Instituto de Estudios Fiscales, Hacienda Publica Espanola: Madrid.
"Recent Estimates of Time-Variation in the Conditional Variance and in the Exchange Risk Premium," Journal of International Money and Finance, 7 (March 1988), 115-125.
"Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations" (with Ken Froot), American Economic Review 77, no. 1 (March 1987), 133-153. Reprinted in Exchange Rate Economics, vol. II, edited by R.MacDonald and M.Taylor, International Library of Critical Writings in Economics, Edward Elgar Publishing, U.K., 1992.
"International Capital Mobility in Developing Countries vs. Industrialized Countries: What Do Saving-Investment Correlations Tell Us?" (with Michael Dooley and Don Mathieson), IMF Staff Papers, 34, no. 3 (September 1987), 503-530. To be reprinted in International Financial Integration, edited by S. Eijffinger and Jan Lemmen, International Library of Critical Writings in Economics, Edward Elgar Publishing, UK.
"Regression vs. Volatility Tests of the Efficiency of Foreign Exchange Markets" (with James Stock), Journal of International Money and Finance 6, no. 1 (March 1987), 49-56.
"The Implications of Mean-Variance Optimization for Four Questions in International Macroeconomics," Journal of International Money and Finance, 5 (March 1986), S53-75.
"The Dazzling Dollar," Brookings Papers on Economic Activity 1 (1985), 199-217.
"Commodity Prices, Money Surprises, and Fed Credibility" (with Gikas Hardouvelis), Journal of Money, Credit and Banking 17, no. 4 (November 1985, Part I), 427-438.
"Portfolio Crowding Out Empirically Estimated," Quarterly Journal of Economics 100 (1985), 1041-1065.
"Portfolio Shares as `Beta-Breakers': A Test of CAPM," Journal of Portfolio Management 11, no. 4 (Summer 1985), 18-23.
"Do Asset Demand Functions Optimize Over the Mean and Variance of Real Returns? A Six Currency Test" (with Charles Engel), Journal of International Economics 17 (December 1984), 309-323.
"The Theory of Trade in Middle Products: Extension," American Economic Review (June 1984).
"Why Interest Rates React to Money Announcements: An Explanation from the Foreign Exchange Market" (with Charles Engel), Journal of Monetary Economics 13, no. 1 (January 1984).
"The Effect of Excessively-Elastic Expectations on Exchange Rate Volatility in the Dornbusch Overshooting Model," Journal of International Money and Finance 2, no. 1 (1983).
"In Search of the Exchange Risk Premium: A Six-Currency Test Assuming Mean-Variance Optimization," Journal of International Money and Finance 1 (December 1982), 255-274. Reprinted in Exchange Rate Economics, Vol.II, edited by R.MacDonald and M.Taylor, International Library of Critical Writings in Economics, Edward Elgar Publishing, Hants, U.K., 1992.
"A Test of Perfect Substitutability in the Foreign Exchange Market," Southern Economic Journal October 1982, vol. 48..
"The Mystery of the Multiplying Marks: A Modification of the Monetary Model:" Review of Economics and Statistics, LXIV, 3 (August 1982).
"The 1807-1809 Embargo Against Great Britain," Journal of Economic History, XLII, no. 2 (June 1982).
"A Technique for Extracting a Measure of Expected Inflation from the Interest Rate Term Structure," Review of Economics and Statistics 64, no. 1 (February 1982), 135-142.
"On The Mark: Reply," American Economic Review 71, no. 5 (December 1981).
"Tests of Rational Expectations in the Forward Exchange Market," Southern Economic Journal 46, no. 4 (April 1980).
"On The Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials," American Economic Review 69, no. 4 (September 1979), 601-622. Translated to Italian in Flexible Exchange Rates: Theory and Experience, F. Giavazzi and R. Cohen, editors; Etas Libri: Sonzongo (1982). Reprinted also in Exchange Rate Economics, Vol.I, edited by R.MacDonald and M.Taylor, International Library of Critical Writings in Economics, Edward Elgar Publishing, Cheltenham, U.K., 1992.
"The Diversifiability of Exchange Risk," Journal of International Economics 9 (August 1979), 379-393.
"The Bluejeans Effect," The American Economist, 19:60 (Spring 1976). Reprinted in Readings for Principles of Economics, J. Crawford, editor. W.B. Saunders Company: Philadelphia.
ARTICLES IN OVERSEAS JOURNALS
"A Proposal to Anchor Monetary Policy by the Price of the Export Commodity" (with Ayako Saiki), July 31, 2002. Also, published in Journal of Economic Integration, September 2002, Vol. 17, No. 3, 417-448
"Country Funds and Asymmetric Information" (with Sergio Schmukler), Policy Research Working Paper 1886, World Bank. Published in International Journal of Economics and Finance, vol.5, July 2000, 177-195.
"The Endogeneity of the Optimum Currency Area Criterion" (with Andrew Rose), NBER Working Paper No. 5700. The Economic Journal, vol. 108, no. 449, July 1998, 1009-1025. Reprinted in Swedish Economic Policy Review 4, 1997, 487-512. Reprinted also in The Political Economy of Monetary Union, edited by P. DeGrauwe, International Library of Critical Writings in Economics, Edward Elgar, Cheltenham, UK, and Northampton, MA, 2001.
"Economic Structure and the Decision to Adopt a Common Currency" (with Andrew Rose), CIDER WP No. C96-073, and IIES Seminar Paper No. 611, Stockholm. First published (in Swedish) as "The Endogeneity of the Optimum Currency Area Criterion: An Application to Sweden's Decision on EMU," Background report to the Swedish Government Commission on EMU, Statens Offentliga Utredningar 1996:158, Finance Department, 1997. Condensed and published in English as "Is EMU More Justifiable Ex Post than Ex Ante?" European Economic Review, 1997.
"Sterilization of Money Inflows: Difficult (Calvo) or Easy (Reisen)?" Latinamerican Macroeconomic Network, Cartagena, Colombia, July 29-30, 1993; IMF Working Paper No. 94/159. Spanish version in Afluencia de Capitales y Establizacion en America Latina, edited by Roberto Steiner, Fedesarrollo, Bogota, 1994: 241-267. English version in Estudios de Economia (Universidad de Chile: Santiago), vol. 24, no. 2, December 1997, 263-285.
"Liberalized Portfolio Capital Inflows in Emerging Markets: Sterilization, Expectations, and the Incompleteness of Interest Rate Convergence" (with Chudozie Okongwu), International Journal of Finance and Economics 1, no. 1, Jan. 1996, 1-23.
"Financial Barriers in the Pacific Basin: 1982-1992" (with Menzie Chinn), University of California, October 1992. Journal of Economic Integration 9, no. 1, March 1994, 62-80.
"The Desirability of Currency Appreciation Given a Contractionary Monetary Policy and Concave Supply Relationships," NBER Working Paper No. 1110. Journal of International Economic Integration 3, 1 (Spring 1988), 32-52.
ARTICLES IN BOOKS
“Managing Macroeconomic Crises: Policy Lessons” (with Shang-Jin Wei), World Bank, Washington DC. NBER Working Paper no. 10907. Forthcoming, Chapter 7, in Managing Economic Volatility and Crises: A Practitioner’s Guide, edited by Joshua Aizenman and Brian Pinto, Cambridge University Press, 2004. Tables and Figures
"Real Convergence and Euro Adoption in Central and Eastern Europe: Trade and Business Cycle Correlations as Endogenous Criteria for Joining EMU," Conference on Euro Adoption in the Accession Countries – Opportunities and Challenges, Czech National Bank, Prague, Feb. 2-3, 2004.
"Experience of and Lessons from Exchange Rate Regimes in Emerging Economies," written for the Asian Development Bank, in a study coordinated by Takatoshi Ito and Yung Chul Park. Forthcoming in Monetary and Financial Cooperation in East Asia, Macmillan Press, 2003. Also available as KSG Working Paper Number:RWP03-011, Harvard University, Feb. 27, 2003.
"The Environment and Globalization" forthcoming in Globalization: What's New edited by Michael Weinstein Michael Weinstein, Council on Foreign Relations (Columbia University Press: New York). To be reprinted in Economics of the Environment, 5th ed., edited by R.Stavins (W.W.Norton: New York), 2005. NBER Working Paper #W10090 . Originally presented, Neemrana, India, January 2003
"The Role of Industrial Country Policies in Emerging Market Crises,"(with Nouriel Roubini) [Click here for summary] NBER Working Paper No. 8634, December 2001. Published in Economic and Financial Crises in Emerging Market Economies, edited by Martin Feldstein, 2003.
"Coping with Crises in Emerging Markets: Adjustment versus Financing," in Key Issues in Reform of the International Monetary System, edited by Peter Kenen and Alezander Swoboda (International Monetary Fund, Washington, D.C.), 2001. Reprinted in Perspectives in Global Finance, edited by Dilip Das (Routledge, London and New York), 2003.
"Survey Data on Exchange Rate Expectations: More Currencies, More Horizons, More Tests" (with Menzie Chinn), in Monetary Policy, Capital Flows and Financial Market Developments in the Era of Financial Globalization: Essays in Honour of Max Fry, edited by David Dickinson and William Allen, Routledge, London and New York, 2002.
"Assessing the Efficiency Gains from Further Liberalization," Efficiency, Equity and Legitimacy: The Multilateral Trading System at the Millennium, in honor of Raymond Vernon, edited by R.Porter, P.Sauve, A.Subramanian, and A.Zampetti, [Cited in Washington Post Editorial.] Brookings Institution Press, Washington, D.C. 2001.
"Verifiability and the Vanishing Intermediate Exchange Rate Regime," with Sergio Schmukler and Luis Servén; in Brookings Trade Forum 2000, edited by Susan Collins and Dani Rodrik; Brookings Institution Press, Washington DC.
"Impacts of the Euro on Members and Non-Members," and "Keynote Address," The European Conference Centre, Luxembourg, 3-4 December 1998. In The Euro as a Stabilizer in the International Economic System, Robert Mundell and Armand Clesse, editors, Kluwer Academic Publishers, Norwell MA, 2000, 93-109 and 418-422.
" Survey Data on Exchange Rate Expectations: More Currencies, More Horizons, More Tests" (with Menzie Chinn), AEA meetings, Washington, D.C., January 6, 1995. Published in Monetary Policy, Capital Flows and Financial Market Developments in the Era of Financial Globalisation: Essays in Honour of Max Fry, edited by Bill Allen and David Dickinson, Routledge, 2002..
"Trade and Growth in East Asian Countries: Cause and Effect?" (with David Romer and Teresa Cyrus), Pacific Basin Working Paper Series No. 95-03, Federal Reserve Bank of San Francisco, July 1995. Revised, NBER Working Paper No. 5732, August 1996. In NICs After the Asian Miracle, New World Order Series, vol. 23, edited by H. Singer, N. Hat, BR Publishing Corporation (India) Ltd., 2000.
"The Integration of Secondary Equity Markets in Europe, and the Barriers Posed by Separate Currencies," June 1995. Appears as Chapter 10 ["Exchange Rates and the Single Currency"], in The European Equity Markets: The State of the Union and an Agenda for the Millennium, edited by Benn Steil, Royal Institute of International Affairs, London, for the European Capital Markets Institute, Copenhagen, 1996.
"Crises, Contagion, and Country Funds: Effects on East Asia and Latin America" (with Sergio Schmukler), Center for Pacific Basin Monetary and Economic Studies WP No. PB96-04, Federal Reserve Bank of San Francisco, September 1996. In Managing Capital Flows and Exchange Rates: Lessons from the Pacific Rim, Reuven Glick, editor; Cambridge University Press, 1998.
"ASEAN in a Regional Perspective" (with Shang-Jin Wei), CIDER Working Paper No. C96-074, U.C. Berkeley. In Macroeconomic Issues Facing ASEAN Countries, edited by John Hicklin, David Robinson and Anoop Singh (Washington, DC: International Monetary Fund), 1997.
"Regionalization of World Trade and Currencies: Economics and Politics" (with Shang-Jin Wei), in The Regionalization of the World Economy, J. Frankel, editor, University of Chicago Press, Chicago, 1997.
"Open Versus Closed Regional Trade Blocs" (with Shang-Jin Wei), Regionalism versus Multilateral Trade Arrangements, NBER East Asia Seminar on Economics, Volume 6, Takatoshi Ito and Anne Krueger, editors, University of Chicago Press, 1997.
"The New Regionalism and Asia: Impact and Options" (with Shang-Jin Wei), Asian Development Bank, Manila, May 29-31, 1995. In The Global Trading System and Developing Asia, edited by Arvind Panagariya, M.G. Quibria, and Narhari Rao, Oxford University Press, Hong Kong, 1997.
"The SDR, Reserve Currencies, and the Future of the International Monetary System" (with Barry Eichengreen), in The Future of the SDR in Light of Changes in the International Financial System, edited by Michael Mussa, James Boughton, and Peter Isard, International Monetary Fund, 1996.
"How Well Do Foreign Exchange Markets Function: Might a Tobin Tax Help?," conference on New and Innovative Sources of Financing Development, October 10, 1995. In The Tobin Tax: Coping with Financial Volatility, Mahbub ul Haq, Inga Kaul, and Isabelle Grunberg, eds., Oxford University Press, New York, 1996, 41-81.
"Continental Trading Blocs: Are They Natural, or SuperNatural?" (with Ernesto Stein and Shang-Jin Wei), NBER Working Paper No.4588. In The Regionalization of the World Economy, J. Frankel, ed., University of Chicago Press, Chicago, 1997.
"A Survey of Empirical Research on Nominal Exchange Rates" (with Andrew Rose), NBER Working Paper no. 4865. Handbook of International Economics, edited by Gene Grossman and Kenneth Rogoff, North-Holland, Amsterdam, 1996.
"APEC and Regional Trading Arrangements in the Pacific" (with S.J. Wei and E. Stein), in Wendy Dobson and Frank Flatters, eds., Pacific Trade and Investment: Options for the 90's (International and Development Studies Institute, Queen's University: Kingston, ONT.), 1995, 289-312; revised version of Asia Pacific Economic Cooperation Working Paper Series No. 94-1, Institute for International Economics, Washington, D.C..
"European Integration and the Regionalization of World Trade and Currencies: The Economics and the Politics" (with Shang-Jin Wei), Political Economy of European Integration Research Group Working Paper No. 1.36, University of California, Dec. 1994. In Monetary and Fiscal Policy in an Integrated Europe, edited by Barry Eichengreen, Jeffry Frieden, and Jurgen von Hagen, Springer-Verlag Press, New York and Heidelberg, 1995.
"Recent Changes in the Financial Systems of Asian and Pacific Countries," Sixth International Conference of the Institute for Monetary and Economic Studies, Bank of Japan, Tokyo, Oct. 28-29, 1993; in Financial Stability in a Changing Environment, Kuniho Sawamoto, Zenta Nakajima, and Hiroo Taguchi, eds., MacMillan Press, 1995, 161-200.
"The Internationalization of Equity Markets: Introduction" in The Internationalization of Equity Markets, J.Frankel, ed., the University of Chicago Press, Chicago, 1994.
"Emerging Currency Blocs" (with Shang-Jin Wei), International Center for Monetary and Banking Studies, Geneva, Sept. 2-4, 1993; in The International Monetary System: Its Institutions and its Future, edited by Hans Genberg, Springer, Berlin, 1995, 111-143.
"Is There a Currency Bloc in the Pacific?" (with Shang-Jin Wei), Kirribilli, Australia, July 12-13, 1993; in Exchange Rates, International Trade and the Balance of Payments, edited by Adrian Blundell-Wignall, Reserve Bank of Australia, Sydney, 1993: 275-308. Revised as "Is a Yen Bloc Emerging?" Joint U.S.-Korea Academic Symposium September 7-9, 1994, at the University of California, Berkeley; in Volume 5, Economic Cooperation and Challenges in the Pacific, edited by Robert Rich, Korea Economic Institute of America: Washington, D.C., 1995.
"Monetary Regime Choices for a Semi-Open Country," written for conference organized by Yung Chul Park, Seoul, Korea, November 6-7, 1992; in Capital Controls, Exchange Rates and Monetary Policy in the World Economy, edited by Sebastian Edwards, Cambridge University Press, 1995: 35-69.
"Financial Links Around the Pacific Rim: 1982-1992" (with Menzie Chinn), Chapter 2 in Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin, edited by R. Glick and M. Hutchison, Cambridge University Press, Cambridge UK and New York, 1994, 17-47.
"Is Japan Establishing a Trade Bloc in East Asia and the Pacific?", Chapter 14 in The Structure of the Japanese Economy: Changes on the Domestic and International Fronts, edited by Mitsuaki Okabe, Macmillan Press, 1994, 387-415.
"Yen Bloc or Dollar Bloc? Exchange Rate Policies of the East Asian Economies" (with Shang-Jin Wei), in Macroeconomic Linkages: Savings, Exchange Rates, and Capital Flows, NBER - East Asia Seminar on Economics, Volume 3, Takatoshi Ito and Anne Krueger, editors, University of Chicago Press, 1994.
"Foreign Exchange Policy, Monetary Policy and Capital Market Liberalization in Korea," in Korean-U.S. Financial Issues, U.S.-Joint Korea-U.S. Academic Symposium Volume 3, edited by Chwee Huay Ow-Taylor, Korea Economic Institute of America, Washington, D.C., 1993, 91-107.
"Is Japan Creating a Yen Bloc in East Asia and the Pacific?" in Regionalism and Rivalry: Japan and the U.S. in Pacific Asia, edited by Jeffrey Frankel and Miles Kahler, University of Chicago Press, Chicago, 1993, 53-85. Reprinted in Asia Pacific Regionalism: Readings in International Economic Relations, edited by P.Drysdale and R.Garnaut, Harper Educational Publishers, Australia, 1994, 227-249.
"Trade Blocs and Currency Blocs" (with Shang-Jin Wei), NBER Working Paper 4335 and Global Finance Lecture, University of Birmingham, UK, November 1992. In The Monetary Future of Europe, Guillermo de la Deheza, et al, eds., Centre for Economic Policy Research: London, 1993.
"The Evolving Japanese Financial System, and the Cost of Capital," Chapter 9 in Restructuring Japan's Financial Markets, edited by Ingo Walter and Takato Hiraki, Irwin Press and New York University, NY, 1993, 235-285.
"Financial and Currency Integration in the European Monetary System: The Statistical Record" (with Steve Phillips and Menzie Chinn), Center for German and European Studies, U.C. Berkeley. In Adjustment and Growth in the European Monetary Union, edited by Francisco Torres and Francesco Giavazzi, Cambridge University Press, Cambridge, UK, 1993: 270-306.
"The Japanese Financial System and the Cost of Capital," in Japanese Capital Markets, edited by Shinji Takagi, 1993, Basil Blackwell Inc., Cambridge, Ma: 21-77.
"Liberalization of Korea's Foreign Exchange Markets, and the Role of Trade Relations with the United States," in Shaping a New Economic Relationship: The Republic of Korea and the United States, edited by Jongryn Mo and Ramon Myers, Hoover Institution Press, Stanford, CA, 1993: 120-142.
"Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectation Effects for the Mark" (with Kathryn Dominguez), NBER Working Paper No. 3299, March 1990. Appears in condensed form as "Foreign Exchange Intervention: An Empirical Assessment," chapter 16 in Frankel, On Exchange Rates, MIT Press, 1993.
"On the Dollar," In The New Palgrave Dictionary of Money and Finance, MacMillan Press Reference Books, London, 1992.
"International Nominal Targeting (INT): A Proposal for Overcoming Obstacles to Policy Coordination," in special issue of Rivista di Politica Economica, 79, 12, Rome, Dec. 1989, 257-294; and in M. Baldassarri, J. McCallum and R. Mundell, eds., Global Disequilibrium in the World Economy, 1992, Macmillan Press, UK, and St.Martin's Press, NY.
"Is a Yen Bloc Forming in Pacific Asia?" in Finance and the International Economy, The AMEX Bank Review Prize Essays, edited by Richard O'Brien, Oxford University Press, UK, 1991, 4-20. Appears in Japanese translation in Monthly Review of the Research Institute of Overseas Investment, Tokyo, February 1992.
"The Making of Exchange Rate Policy in the 1980s," in American Economic Policy in the 1980s, edited by Martin Feldstein, University of Chicago Press, Chicago, 1994, pp. 293-341.
"Japanese Finance in the 1980s: A Survey," in Trade with Japan: Has the Door Opened Wider?, edited by Paul Krugman, University of Chicago Press, Chicago, 1991, pp. 225-68. Reprinted in Japanese Economy, vol. 2, edited by Peter Drysdale and Luke Gower, Routledge Press, 1998. To be reprinted also in The Economic Development of Northeast Asia, Heather Smith, Edward Elgar Publishing, Ltd.
"The Obstacles to Macroeconomic Policy Coordination in the 1990s and an Analysis of International Nominal Targeting (INT)." In International Trade and Global Development: Essays in Honour of Jagdish Bhagwati, edited by K.A. Koekkoek and L.B.M. Mennes, Routledge House, London, 1991, 211-236.
"International Nominal Targeting (INT): A Proposal for Coordination in the 1990s" (in Japanese), expanded version in International Macroeconomic Policy Coordination in the 1990's (Sen Kyuhyaku Kyuzyunendaino Kokusai Seisaku Kyocho), edited by Jeffrey Frankel and Akira Hattori, Dobunkan Press, Japan, 1992, 109-158.
"Quantifying International Capital Mobility in the 1980's." In National Saving and Economic Performance, D. Bernheim and J. Shoven, eds., University of Chicago Press: Chicago, 1991, 227-260. Reprinted in Dilip Das, ed., International Finance: Contemporary Issues, Routledge, London, 1993.
"International Financial Integration, Relations among Interest Rates and Exchange Rates, and Monetary Indicators," in International Financial Integration and the Conduct of U.S. Monetary Policy, Colloquium Sponsored by the Federal Reserve Bank of New York, Oct. 1989; edited by C.Pigott, New York, 1991, 17-49. Reprinted in Dilip Das, ed., International Finance, Routledge, London, 1993.
"Monetary and Portfolio-Balance Models of Exchange Rate Determination," Economic Interdependence and Flexible Exchange Rates, edited by J. Bhandari and B. Putnam, MIT Press, Cambridge, 1983. Reprinted with "Update", in International Economic Policies and Their Theoretical Foundations, edited by J. Letiche, Academic Press, London, second edition, 1992.
"Obstacles to Coordination, and a Consideration of Two Proposals to Overcome Them: International Nominal Targeting (INT) and the Hosomi Fund," in International Policy Coordination and Exchange Rate Fluctuations, W. Branson, J. Frenkel and M. Goldstein, eds., University of Chicago Press: Chicago, 1990.
"Are Exchange Rates Excessively Variable?" (with Richard Meese), in S. Fischer, ed. NBER Macroeconomics Annual 1987, MIT Press, Cambridge.
"International Capital Flows; and Domestic Economic Policies," in The United States in the World Economy, edited by Martin Feldstein, University of Chicago Press: Chicago, 1988, 559-627.
"Ambiguous Macroeconomic Policy Multipliers in Theory and in Twelve Econometric Models," In Empirical Macroeconomics for Interdependent Economies, eds., Ralph Bryant, et al., Brookings Institution Press: Washington, D.C., 1988, 17-26.
"The Implications of Conflicting Models for Coordination Between Monetary and Fiscal Policy-Makers," In Empirical Macroeconomics for Interdependent Economies, eds., Ralph Bryant, et al., Brookings Institution Press: Washington, D.C., 1988.
"Macroeconomics and Protectionism" (with Rudiger Dornbusch), in U.S. Trade Policies in a Changing World Economy, edited by Robert Stern, MIT Press: Cambridge, MA., 1987.
COMMENTS, BOOK REVIEWS, AND DISCUSSION
"Is Slovakia the Next Portugal? A Comment on 'Is Poland the Next Spain?' by Francesco Caselli and Silvana Tenreyo," International Seminar on Macroeconomics, June 2004. Forthcoming, edited by Richard Clarida, Jeffrey Frankel and Francesco Giavazzi.
Comments on: "The Euro, Stabilization Policy, and the Stability and Growth Pact or Can Rubinomics work in the Eurozone?" by Adam S. Posen. Forthcoming in“The Euro at Five: Ready for a Global Role?”edited by Adam Posen. Originally presneted at Conference on the Euro at Five, Institute for International Economics, Feb. 26, 2004. (Accompanying PowerPoint presentation)
Comments on Bosworth and Collins, “The Empirics of Growth: An Update” Brookings Panel on Economic Activity, September 4-5, 2003.
"Comment on ‘Towards a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice around the World,’ by Patrick Bolton," IMF Staff Papers, 50, 2003.
“Economic Policy in Japan and East Asia,” in Monetary Stability and Economic Growth: A Dialog Between Leading Economists, edited by Robert Mundell and Paul Zak, Edgar Elgar Publ.: Cheltenham, UK, and Northampton, MA, 2002.
on The Current State of the Japanese Economy and Remedies," in Asian
1, no. 2 , Spring 2002 (MIT Press), 127-129.
"Comment on Lane and Milesi-Ferretti" NBER Macroeconomics Annual 2001, Vol. 16.
“The Crusade for Free Trade: Evaluating Clinton’s International Economics Policy” (A Review of "The Wind of the Hundred Days: How Washington Mismanaged Globalization" by Jagdish Bhagwati), Foreign Affairs, March/April, 2001.
"A Review of The Wind of the Hundred Days: How Washington Mismanaged Globalization by Jagdish Bhagwati," , Foreign Affairs, March/April, 2001.
"Comments on ‘Full Dollarization: The Case of Panama’ by Goldfajn and Olivares,"LACEA, Rio de Janeiro, October 2000; forthcoming in Economia, Journal of the Latin American Economic Association, .Volume 1, Number 2, Spring 2001, pp. 141-152,(Washington, DC: Brookings Press).
"Comment of Caballero 'Structural Volatility in Latin America'," Panel meeting, May 12-13, 2000. In Economia, Journal of the Latin American Economic Association, Volume 1, Number 1, Fall 2000, pp. 89-107 (Washington, DC: Brookings Press).
"Soros' Split Personality," Foreign Affairs, 78, no. 2, 1999, 124-130.
"Comment on Bordo, Eichengreen and Irwin: 'Is Globalization Today Really Different Than Globalization a Hundred Years Ago?'" Brookings trade Forum 1999 (Washinton, DC: Brookings Institution), edited by Susan Collins and Robert Lawrence, 1999.
"Comment on Bordo, Eichengreen and Irwin: 'Is Globalization Today Really Different Than Globalization a Hundred Years Ago?'" Brookings Trade Forum 1999, (Washington, DC: Brookings Institution), edited by Susan Collins.
"Comment on Desai and Hines: 'Excess Capital Flows and the Burden of Inflation in Open Economies,'" Feb. 20, 1997, Federal Reserve Bank of New York; in The Costs and Benefits of Price Stability, edited by Martin Feldstein (Chicago: University of Chicago Press) 1999.
Review of New Dimensions in Regional Integration, Jaime de Melo and Arvind Panagariya, editors (Cambridge, UK, and New York: Cambridge University Press) 1993; paperback edition 1995; for the Journal of Comparative Economics 1996, 23, 335-338.
"A Comment on Tax Policy and the Activities of Multinational Corporations," in Fiscal Policy: Lessons from Economic Research, edited by Alan Auerbach (Cambridge, MA: MIT Press), 1997, 447-452.
"Concerted Interventions and the Dollar: An Analysis of Daily Data," in The International Monetary System in Crisis and Reform: Essays in Memory of Rinaldo Ossola, edited by P.Kenen, F.Papadia and F.Saccomani, Cambridge University Press, Cambridge UK, 1994, 242-247; and (in Italian), in Il Sistema Monetario Internationazionale tra Crisi e Riforme: Saggi in Memoria di Rinaldo Ossola, Bologna: Societa Editrice il Mulino, 434-443.
"Could the Twin Deficits Jeopardize US Hegemony?" Roundtable on "Twin Deficits, Growth and Stability of the US Economy," AEA meetings, Jan. 8, 2006. To be published in Special Issue of Journal of Policy Modeling, edited by Dominick Salvatore.
“Peg the Export Price Index: A Proposed Monetary Regime for Small Countries,” March 2005. For Journal of Policy Modeling, edited by Dominick Salvatore, June.
"Designing a Regime of Emission Commitments for Developing Countries that is Cost-Effective and Equitable" (with Joseph Aldy), written for G20 Leaders and Climate Change, Council on Foreign Relations, September 20-21, 2004.
"The Impact of a Revised Kyoto Protocol on Developing Countries," August 2004, forthcoming, Business and Economy, India.
"The World Trading System and Implications of External Opening" written for a forum "From the Washington Consensus Towards a New Global Governance," Fundacio CIDOB, Barcelona, Spain, to be held September 24-25, 2004.
"Iraq’s Currency Solution? Tie the Dinar to Oil," The International Economy, Fall 2003.
"The UK Decision re EMU: Implications of Currency Blocs for Trade and Business Cycle Correlations," in Submissions on EMU from Leading Academics (H.M. Treasury: London), 2003, p.99-109.
“Republican and Democratic Presidents Have Switched Economic Policies,” December 19, 2002. Milken Institute Review. vol. 5, no. 1,1st Quarter, 2003, pp. 18-25.
"Promoting Better National Institutions: The Role of the IMF," IMF Staff Papers, 50, 2003.
"A Proposed Monetary Regime for Small Commodity-Exporters: Peg the Export Price (‘PEP’)," KSG Research Working Paper No. RWP03-003, Harvard University. International Finance (Blackwill Publishers), vol. 6, no. 1, Spring 2003, 61-88
"You're Getting Warmer: The Most Feasible Path for Addressing Global Climate Change Does Run Through Kyoto," Fondazione Eni Enrico Mattei, Milan, Italy, May 17, 2001; Forthcoming in Trade and the Environment in the Perspective of the EU Enlargement (Edward Elgar Publishers, UK), edited by Marialuisa Tamborra and John Maxwell.
"American Economic Policy in the 1990s: Introduction" for American Economic Policy in the 1990s (with Peter Orszag), MIT Press, Cambridge MA, 2002. KSG Research Working Paper number RWP01-042 October, 2001.
"The Role of Industrial Country Policies in Emerging Market Crises," (with Nouriel Roubini), NBER Conference, Woodstock, Vermont, October 2000. Revised, NBER Working Paper No. 8634, December 2001. Published in Economic and Financial Crises in Emerging Market Economies, edited by Martin Feldstein.(University of Chicago Press) 2003
"An Estimate of the Effect of Common Currencies on Trade and Income," (with Andrew Rose), in Currency Unions, edited by Alberto Alesina and Robert Barro, Hoover Institution Press, Stanford, CA, 2001. Forthcoming in Quarterly Journal of Economics. (Revised August 2001) SUMMARY. The Frankel-Romer-Rose gravity-based instrumental variable for trade openness, as updated in Frankel-Rose, 2002
"Globalization of the Economy," Feb. 2000. NBER Working Paper No 7858. Published in Governance in a Globalizing World, Visions of Governance Project, edited by Joseph Nye and John Donahue, (Brookings Institution Press, Washington, DC) 2000.
"Trade, Environment, and Social Goals, in the Wake of Seattle: A Proposal for a Constructive Way Forward" January 2000.
"International Lender of Last Resort,"
from Rethinking the International Monetary System,
Federal Reserve Bank of Boston, 1999.
"Trade Blocs: Barriers or Stepping Stones for Global Trade," Keynote Speech before the International Federation of Associations of Business Economists (IFABE), Vancouver, Canada, Nov. 19, 1997. African Finance Journal, vol 2, part 1, 2000, 1-12.
"Treasury Secretaries and the Dollar" The International Economy, September 1999, p. 7.
"Proposals Regarding Restrictions on Capital Flows," African Finance Journal, vol 1, part 1, 1999, 92-104.
"Greenhouse Gas Emissions," Policy Brief no. 52, The Brookings Institution, Washington, DC, June 1999.
"The New Financial Architecture: Exchange Rate Regimes and Financial Integration," Policy Brief no. 51, The Brookings Institution, Washington, DC, June 1999.
"Ten Lessons of the East Asia Crisis," World Bank, May 20, 1999. In Korea Approaches the Millennium, Korea Economic Institute of America, Washington DC 1999.
"The Kyoto Treaty: Economic and Environmental Consequences," comments for a forum at The National Press Club, Sept. 23, 1998. In Climate Change Policy: Practical Strategies to Promote Economic Growth and Environmental Quality, American Council for Capital Formation Center for Policy Research, Washington, DC, 1999, 25-31.
"What Kind of Research on Climate Change Economics Would Be of Greatest Use to Policy-makers?" Proceedings of Workshop on Climate Change and Economic Modeling: Background Analysis for the Kyoto Protocol, OECD Headquarters, Paris, 17-18 September, 1998. In Economic Modeling of Climate Change , OECD, November.
"Asian Economics in Perspective," Keynote Address, Fourth APEC Roundtable, May 26, 1998; Regional Cooperation and Asian Recovery, edited by Peter Petri (Institute of Southeast Asian Studies: Singapore) 2000, pp. 20-35.
"The Asian Model, The Miracle, The Crisis, and the Fund," Currency Crises, edited by Paul Krugman, University of Chicago Press for National Bureau of Economic Research, 1999. Also to be published in NICs After Asian Miracle, New World Order Series, vol. 23, edited by Hans Singer, Neelambar Hatti and Rameshwar Tandon, BR Publishing Corporation (India) Ltd., 2000. And to be reprinted in Global Financial Crises and Reforms: Cases and Caveats, B.N.Gholsh, ed., Routledge, UK.
" Impacts of the Euro on Members and Non-Members," and "Keynote Address," The European Conference Centre, Luxembourg, 3-4 December 1998. In The Euro as a Stabilizer in the International Economic System, Robert Mundell and Armand Clesse, editors, Kluwer Academic Publishers, Norwell MA, 2000, 93-109 and 418-422.
"Determinants of Long-Term Growth," Background Paper for the Morning Session of the Meeting of the Asia-Pacific Economic Cooperation (APEC) Senior Economic Advisers,Vancouver, Canada, November 20, 1997. Appears as "Why Economies Grow the Way They Do," Canadian Business Economics, 6, no. 1, September 1998.
"Preventing Bank Crises," keynote speech, conference sponsored by the Federal Reserve Bank of Chicago and Economic Development Institute, Lake Bluff, IL, June 11, 1997. In Preventing Bank Crises: Lessons from Recent Global Bank Failures, edited by Gerard Caprio, William Hunter, George Kaufman, and Danny Leipziger, The World Bank, 1998, 3-11.
"The World Over the Next Twenty-five Years: Global Trade Liberalization, and the Relative Growth of Different Regions," The World in 2020: An international panel on economic prospects a quarter of a century ahead, Prometeia, Bologna, Nov. 1995. CIDER Working Paper No. C96-061.
"Still the Lingua Franca: The Exaggerated Death of the Dollar," Foreign Affairs, 74, no. 4, July/August 1995, 9-16. Reprinted (in Japanese) in Chuokoron, Japan.
"A Proposal to Introduce the ECU First in the East," (with Charles Wyplosz), Institute for International Economics, Washington, DC, March 23, 1995. CIDER Working Paper No. C95-055, U.C. Berkeley, June 1995. Published in European Parliamentary Yearbook 1995/96.
SPEECHES, OP-EDS, AND TESTIMONY
[China's Announcement of de-linking from RMB to the $ -- Segment on On Point radio show July 21, 2005]
"The Wrong Approach," Jeffrey Frankel and Jessica Stern, The Baltimore Sun, October 29, 2004. Pg. 17A.
"A Debate on the Deficit," Challenge, November 2004, pp. 12-45. To be reprinted in The Means to Prosperity: Fiscal Policy Reconsidered, edited by Per Gunnar Berglund and Matias Vernengo (Routledge, 2005)
"Twin Deficits and Twin Decades," a speech written for the conference on the Macroeconomics of Fiscal Policy, held by the Federal Reserve Bank of Boston, at Wequassett, June 14-16, 2004.
"Kyoto and Geneva: Linkage of the Climate Change Regime and the Trade Regime" a speech for Broadening Climate Discussion: The Linkage of Climate Change to Other Policy Areas, conference organized by FEEM/MIT, Venice, Italy, June 2004. Published in Trade and Environment: Theory and Policy in the Context of EU Enlargement and Transition Economies, edited John Maxwell and Rafael Reuveny, (Edward Elgar Publishers, Ltd., UK), 2005.
Renminbi: The choice between adjustment under a fixed exchange rate
and adjustment under a flexible rate," written
for a High-Level Seminar on Foreign Exchange System, Dalian, China, May 26-27, 2004.
Presentation at American Enterprise Institute, Washington DC, Jan. 10, 2005
"Ten Defenses for Irresponsible Tax Cuts, and Why They are Wrong," panel on The Budget Deficit and the American Economy: How Much Does the Deficit Matter? What Should Be Done? with Richard Darman, Glenn Hubbard, and Alice Rivlin, Kennedy School of Government, April 30, 2004.
"What is the White House Trying to Do?" The Forward, June 27, 2003.
A Proposal to Tie Iraq’s Currency to Oil published as "A Crude Peg for the Iraqi Dinar," Financial Times, June 13, 2003.
When An Economic Adviser Disagrees with the President, Financial Times, March 31, 2003 (.pdf version)
“Currency Blocs and Market Integration: Implications for Trade and Business Cycle Correlations,” A background report for the Commission on The UK Outside the Euro, October 30, 2002.
"Trading Places", Financial Times, September 13, 2002.
"US Economic Performance, and Implications for Mexico," delivered at State of the Government, First National Meeting of Legislators of the National Action Party (PAN), Puerto Vallarta, Mexico, August 23, 2001.
"Economic Advantages of America," Europa und USA im Spannungsfled vonWirtschaft und Politik, Schloss Schönbrunn, Vienna, 16 May 2001; and Dublin Castle, Dublin, Ireland, 7 June 2001.
Lecture at IMF Institute, August 7, 2000; as reported in IMF Survey, vol. 29, no.17, August 28, 2000.
"Globalization: Why and How It Should Continue," presented at the MacArthur Transnational Economic Security Workshop, MIT, May 2000.
"On the Euro: An American Perspective," for EMU Watch Series, DB Research, Frankfurt, June 21, 2000; and the Lucchini Foundation, Brescia, June 22, 2000 (In Italian). [Cited in "Leading Economists Urge UK to Join Euro," BBC News, June 6, 2001. Also see KSG website Q&A.]
"The Economics of the Kyoto Protocol and Global Climate Change Policy," Kennedy School Forum, Harvard University, March 15, 2000.
"Critiques of the IMF," originally written for a debate with Jeff Sachs --The IMF: Are 50 Years Enough? moderated by Joe Nye, Kennedy School of Government, Harvard University, April 20, 2000.
"Achieving Environmental Goals at Minimum Economic Cost,"Edison Electric Institute Advisory Panel on Fuel Diversity, EEI Chief Executives Conference, Palm Springs, CA, Jan. 13, 2000
"On Reports that Someone in Washington Has Mislaid Russia," Dean's community-wide discussion on The Future of Russia, December 13, 1999, Kennedy School of Government, Harvard University.
"The Outlook for the US Trade Balance," Academic Consultants Meeting, Board of Governors of the Federal Reserve System, Nov. 29, 1999.
"U.S. Economic Performance and Lessons for Other Countries," Weatherhead Fellows Conference, American Academy of Arts and Sciences, Nov. 20, 1999; revised for meeting with members of Japanese Diet, Center for Business and Government, November 16, 2000.
"Lessons Learned from the Korean Crisis," Conference on The Korean Crisis, Center for International Development, Harvard University, Nov. 19, 1999.
"Asia: Opportunity or Obstruction," conference on Global Economics and Global Security: The Balance in the New Millennium, Kennedy School of Government, September 23, 1999.
"Is the US Interested in Exercising Dollar Diplomacy?" (abridged), address to Conference on Dollarization, InterAmerican Development Bank, Panama City, Panama, July 1999.
"No Single Currency Regime is Right for All Countries," testimony before the House Committee on Banking and Financial Services, May 21, 1999.
"Dollarization in Latin America: Solution or Straitjacket?" remarks at the Council on Foreign Relations, Washington DC, April 6, 1999, and International Monetary Fund, June 24, 1999.
"Curbing Carbon Emissions and the Kyoto Protocol: Perspective from the Administration," Washington Policy Seminar, Macroeconomic Advisers, Georgetown Conference Center, September 10, 1998.
"Integrating Transportation Costs and Geography into Trade Analysis," conference on Technological and Structural Change in the Transportation Sector: Effects on U.S. Food and Agricultural Trade, Economic Research Service, USDA, Washington, March 17, 1999.
"Economic Analysis of the Kyoto Protocol," After Kyoto: Are There Rational Pathways to a Sustainable Global Energy System?, 1998 Aspen Energy Forum, Aspen, Colorado, July 6, 1998.
"The Kyoto Agreement on Mitigating Global Climate Change: Gains to All from Participation by Developing Countries," Keynote speech, Executive Program on Climate Change and Development, Harvard Institute for International Development, Harvard University, July 17, 1998.
"Regional Trading Arrangements: Barriers or Stepping
Stones for Global Free Trade,"
Conference on an Agenda for the Twenty-first Century, World Bank, July 9, 1998.
"Fast-track and the Continuing Importance of Trade Liberalization," Symposium on Freer Trade: In Whose Interest?, The Carter Center, Atlanta, Georgia, October 20, 1997.
"How to Gauge the Importance of Trade to the U.S. Economy," address to the National Economists Club, Washington, D.C., Oct. 7, 1997.
"How to Gauge the Importance of Trade to the U.S. Economy," address to Conference of Business Economists, Washington, DC, May 8, 1997.
"The Dollar's Demise? Future of the Dollar as the World's Principal Reserve Asset," H.W.Brock, editor, Strategic Economic Decisions, Inc., Menlo Park, Ca., August 1997.