Details about Alan M. Taylor

E-mail:
Homepage:	https://amtaylor.ucdavis.edu
Workplace:	Centre for Economic Policy Research (CEPR), (more information at EDIRC) School of International and Public Affairs (SIPA), Columbia University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC) Economics Department, University of California-Davis, (more information at EDIRC)

Access statistics for papers by Alan M. Taylor.

Last updated 2024-01-01. Update your information in the RePEc Author Service.

Short-id: pta46

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Jump to Journal Articles Books Edited books Chapters

Working Papers

2024

1. Local Projections
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

2. A Local Projections Approach to Difference-in-Differences
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
3. A Local Projections Approach to Difference-in-Differences Event Studies
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (41)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
4. Global Natural Rates in the Long Run: Postwar Macro Trends and the Market-Implied r* in 10 Advanced Economies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   See also Chapter Global Natural Rates in the Long Run: Postwar Macro Trends and the Market-Implied r* in 10 Advanced Economies, NBER Chapters, National Bureau of Economic Research, Inc (2023) (2023)
5. Loose Monetary Policy and Financial Instability
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2023) View citations (13)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
6. State-Dependent Local Projections: Understanding Impulse Response Heterogeneity
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Paper Series, Federal Reserve Bank of San Francisco (2023) View citations (11)
   NBER Working Papers, National Bureau of Economic Research, Inc (2023) View citations (11)

2022

7. Bank Capital before and after Financial Crises
   SciencePo Working papers Main, HAL
   Also in Post-Print, HAL (2022)
8. Global Monetary and Financial Spillovers: Evidence from a New Measure of Bundesbank Policy Shocks
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in Discussion Papers, Deutsche Bundesbank (2022) View citations (2)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
9. The Savings Glut of the Old: Population Aging, the Risk Premium, and the Murder-Suicide of the Rentier
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
10. Zombies at Large? Corporate Debt Overhang and the Macroeconomy
    Post-Print, HAL View citations (8)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (13)
    Staff Reports, Federal Reserve Bank of New York (2020) View citations (11)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (13)
    ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2020) View citations (14)
    SciencePo Working papers Main, HAL (2022) View citations (16)
    Working Papers Series, Institute for New Economic Thinking (2021)
    See also Journal Article Zombies at Large? Corporate Debt Overhang and the Macroeconomy, The Review of Financial Studies, Society for Financial Studies (2022) View citations (17) (2022)

2021

11. A Second-best Argument for Low Optimal Tariffs
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (8)
12. Bank Capital Redux: Solvency, Liquidity, and Crisis
    Post-Print, HAL View citations (9)
    Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (45)
    SciencePo Working papers Main, HAL (2021) View citations (16)
    Working Paper Series, Federal Reserve Bank of San Francisco (2017) View citations (40)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (45)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (45)
    See also Journal Article Bank Capital Redux: Solvency, Liquidity, and Crisis, The Review of Economic Studies, Review of Economic Studies Ltd (2021) View citations (32) (2021)
13. Financial crises: A survey
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (13)

2020

14. Decomposing the Fiscal Multiplier
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (16)
15. Disasters Everywhere: The Costs of Business Cycles Reconsidered
    Staff Reports, Federal Reserve Bank of New York View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (20)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (20)
    Working Paper Series, Federal Reserve Bank of San Francisco (2020) View citations (16)
16. Longer-Run Economic Consequences of Pandemics
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (139)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (220)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (221)
    See also Journal Article Longer-Run Economic Consequences of Pandemics, The Review of Economics and Statistics, MIT Press (2022) View citations (2) (2022)
17. The Gravitational Constant?
    Working Papers, New York University Abu Dhabi, Department of Social Science View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
    Oxford Economic and Social History Working Papers, University of Oxford, Department of Economics (2020) View citations (1)
18. The Long-Run Effects of Monetary Policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (57)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (74)
    2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (76)
19. The Murder-Suicide of the Rentier: Population Aging and the Risk Premium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Economic Papers, Trinity College Dublin, Economics Department (2020) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (7)

2019

20. After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (3)
    See also Journal Article After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade, American Economic Review: Insights, American Economic Association (2020) View citations (18) (2020)
21. Riders on the Storm
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (9)
    Working Paper Series, Federal Reserve Bank of San Francisco (2019) View citations (3)
    See also Journal Article Riders on the Storm, FRBSF Economic Letter, Federal Reserve Bank of San Francisco (2019) View citations (3) (2019)
22. The Leverage Factor: Credit Cycles and Asset Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (5)
    See also Journal Article The Leverage Factor: Credit Cycles and Asset Returns, Management Science, INFORMS (2022) (2022)
23. The Natural Rate Puzzle: Global Macro Trends and the Market-Implied r*
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2019)
24. The Total Risk Premium Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2019) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (6)
25. Trade, Technology, and the Great Divergence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Departmental Working Papers, United States Naval Academy Department of Economics (2012) View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (3)

2018

26. Effects of Quasi-Random Monetary Experiments
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (13)
    See also Journal Article The effects of quasi-random monetary experiments, Journal of Monetary Economics, Elsevier (2020) View citations (82) (2020)
27. Global Financial Cycles and Risk Premiums
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (17)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (26)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (25)
    See also Journal Article Global Financial Cycles and Risk Premiums, IMF Economic Review, Palgrave Macmillan (2019) View citations (55) (2019)
28. Precaution Versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (13)
    See also Journal Article Precaution versus mercantilism: Reserve accumulation, capital controls, and the real exchange rate, Journal of International Economics, Elsevier (2022) View citations (7) (2022)
29. The Rate of Return on Everything, 1870-2015
    CESifo Working Paper Series, CESifo View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (7)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (26)
    Working Paper Series, Federal Reserve Bank of San Francisco (2017) View citations (7)
    See also Journal Article The Rate of Return on Everything, 1870–2015, The Quarterly Journal of Economics, President and Fellows of Harvard College (2019) View citations (126) (2019)

2017

30. International Monetary Relations: Taking Finance Seriously
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (27)
    See also Journal Article International Monetary Relations: Taking Finance Seriously, Journal of Economic Perspectives, American Economic Association (2017) View citations (27) (2017)

2016

31. Macrofinancial History and the New Business Cycle Facts
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (96)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (98)
    Working Paper Series, Federal Reserve Bank of San Francisco (2016) View citations (78)
    See also Journal Article Macrofinancial History and the New Business Cycle Facts, NBER Macroeconomics Annual, University of Chicago Press (2017) View citations (275) (2017)
    Chapter Macrofinancial History and the New Business Cycle Facts, NBER Chapters, National Bureau of Economic Research, Inc (2016) View citations (201) (2016)
32. Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe R
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (28)
33. Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in Bank of England working papers, Bank of England (2016) View citations (28)
    Economic History Working Papers, London School of Economics and Political Science, Department of Economic History (2016) View citations (14)
34. The Great Mortgaging
    2016 Meeting Papers, Society for Economic Dynamics View citations (50)

2015

35. Credit, Financial Stability, and the Macroeconomy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (49)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (49)
    See also Journal Article Credit, Financial Stability, and the Macroeconomy, Annual Review of Economics, Annual Reviews (2015) View citations (49) (2015)
36. Leveraged Bubbles
    CESifo Working Paper Series, CESifo View citations (45)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2015) View citations (45)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (45)
    2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (45)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (45)
    See also Journal Article Leveraged bubbles, Journal of Monetary Economics, Elsevier (2015) View citations (47) (2015)
37. Tariff Reductions, Entry, and Welfare: Theory and Evidence for the Last Two Decades
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (66)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (67)

2014

38. Betting the House
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (29)
    CESifo Working Paper Series, CESifo (2014) View citations (26)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (29)
    Working Papers, Hong Kong Institute for Monetary Research (2014) View citations (29)
    See also Journal Article Betting the house, Journal of International Economics, Elsevier (2015) View citations (157) (2015)
    Chapter Betting the House, NBER Chapters, National Bureau of Economic Research, Inc (2014) View citations (26) (2014)
39. Sovereigns versus Banks: Credit, Crises and Consequences
    Working Papers Series, Institute for New Economic Thinking View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (34)
    CESifo Working Paper Series, CESifo (2013) View citations (34)
    Working Paper Series, Federal Reserve Bank of San Francisco (2013) View citations (20)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (33)
    See also Journal Article SOVEREIGNS VERSUS BANKS: CREDIT, CRISES, AND CONSEQUENCES, Journal of the European Economic Association, European Economic Association (2016) View citations (105) (2016)
    Chapter Sovereigns versus Banks: Credit, Crises, and Consequences, NBER Chapters, National Bureau of Economic Research, Inc (2013) View citations (21) (2013)
40. The Argentina Paradox: Microexplanations and Macropuzzles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (6)
    See also Journal Article The Argentina Paradox: microexplanations and macropuzzles, Latin American Economic Review, Springer (2018) View citations (9) (2018)
41. The Great Mortgaging: Housing Finance, Crises, and Business Cycles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (66)
    Also in CESifo Working Paper Series, CESifo (2014) View citations (64)
    Working Paper Series, Federal Reserve Bank of San Francisco (2014) View citations (47)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (74)
    Working Papers, Hong Kong Institute for Monetary Research (2014) View citations (65)
    See also Journal Article The great mortgaging: housing finance, crises and business cycles, Economic Policy, CEPR, CESifo, Sciences Po (2016) View citations (314) (2016)
42. The Growing Dependence of Britain on Trade during the Industrial Revolution
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Oxford Economic and Social History Working Papers, University of Oxford, Department of Economics (2014) View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014)
    See also Journal Article The growing dependence of Britain on trade during the Industrial Revolution, Scandinavian Economic History Review, Taylor & Francis Journals (2014) (2014)
43. The time for austerity: Estimating the average treatment effect of fiscal policy
    SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (80)
    Working Paper Series, Federal Reserve Bank of San Francisco (2013) View citations (56)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (59)
    See also Journal Article The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy, Economic Journal, Royal Economic Society (2016) View citations (264) (2016)
44. Trade and Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
    Also in CESifo Working Paper Series, CESifo (2014) View citations (57)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2014) View citations (58)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) View citations (54)
    VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy, Verein für Socialpolitik / German Economic Association (2014) View citations (55)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (58)
    See also Journal Article Trade and Uncertainty, The Review of Economics and Statistics, MIT Press (2020) View citations (40) (2020)

2013

45. External Imbalances and Financial Crises
    IMF Working Papers, International Monetary Fund View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (19)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (19)
46. The Future of International Liquidity and the Role of China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (6)
    See also Journal Article The Future of International Liquidity and the Role of China, Journal of Applied Corporate Finance, Morgan Stanley (2013) View citations (6) (2013)
47. When Credit Bites Back
    2013 Meeting Papers, Society for Economic Dynamics View citations (602)
    See also Journal Article When Credit Bites Back, Journal of Money, Credit and Banking, Blackwell Publishing (2013) View citations (327) (2013)

2012

48. Sovereign Debt in Latin America, 1820-1913
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in CEU Working Papers, Department of Economics, Central European University (2012) View citations (2)
    See also Journal Article Sovereign debt in Latin America, 1820-1913*, Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press (2013) View citations (3) (2013)
49. The Great Leveraging
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    Also in BIS Working Papers, Bank for International Settlements (2012) View citations (35)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (35)
    See also Chapter The Great Leveraging, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2013) (2013)
50. When Credit Bites Back: Leverage, Business Cycles and Crises
    Working Papers Series, Institute for New Economic Thinking View citations (39)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (156)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (143)
    Working Papers, University of California, Davis, Department of Economics (2012) View citations (38)
    Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (50)

2011

51. Performance Evaluation of Zero Net-Investment Strategies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)

2010

52. Currency Carry Trades
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Chapter Currency Carry Trades, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (9) (2010)
    Journal Article Currency Carry Trades, NBER International Seminar on Macroeconomics, University of Chicago Press (2011) View citations (7) (2011)
53. Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
    See also Journal Article Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons, IMF Economic Review, Palgrave Macmillan (2011) View citations (457) (2011)
54. The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and their Long-Run Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (8)
    See also Journal Article THE HARROD–BALASSA–SAMUELSON HYPOTHESIS: REAL EXCHANGE RATES AND THEIR LONG‐RUN EQUILIBRIUM, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2012) View citations (53) (2012)

2009

55. Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (115)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (125)
    See also Journal Article Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008, American Economic Review, American Economic Association (2012) View citations (1815) (2012)
56. Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (201)
    See also Journal Article Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008, American Economic Review, American Economic Association (2009) View citations (193) (2009)
57. Is the Washington Consensus Dead?: Growth, Openness, and the Great Liberalization, 1970s-2000s
    IDB Publications (Working Papers), Inter-American Development Bank
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (35)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (35)
    See also Journal Article Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s–2000s, The Review of Economics and Statistics, MIT Press (2013) View citations (51) (2013)
58. The Carry Trade and Fundamentals: Nothing to Fear But FEER Itself
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (20)
    See also Journal Article The carry trade and fundamentals: Nothing to fear but FEER itself, Journal of International Economics, Elsevier (2012) View citations (96) (2012)
59. The Global 1970s and the Echo of the Great Depression
    NBER Working Papers, National Bureau of Economic Research, Inc

2008

60. Financial Stability, the Trilemma, and International Reserves
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (87)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (74)
    See also Journal Article Financial Stability, the Trilemma, and International Reserves, American Economic Journal: Macroeconomics, American Economic Association (2010) View citations (253) (2010)
61. Luddites and the Demographic Transition
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2008) View citations (15)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (14)
62. Made in America? The New World, the Old, and the Industrial Revolution
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (7)
    The Institute for International Integration Studies Discussion Paper Series, IIIS (2008) View citations (8)
    See also Journal Article Made in America? The New World, the Old, and the Industrial Revolution, American Economic Review, American Economic Association (2008) View citations (5) (2008)

2007

63. Trade, Knowledge and the Industrial Revolution
    Development Working Papers, Centro Studi Luca d'Agliano, University of Milano View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (5)
    The Institute for International Integration Studies Discussion Paper Series, IIIS (2007) View citations (4)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (4)

2006

64. Democracy and Protectionism
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (26)
65. International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
66. International Trade and Finance under the Two Hegemons: Complementarities in the United Kingdom (1870-1913) and the United Stat
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
67. Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (65)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (64)
    See also Journal Article Losing our marbles in the new century?: the great rebalancing in historical perspective, Conference Series ; [Proceedings], Federal Reserve Bank of Boston (2006) View citations (64) (2006)
68. Stuck on Gold: Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard, 1870-1939
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Papers, University of California, Davis, Department of Economics (2005) View citations (1)

2005

69. Collateral Damage: Trade Disruption and the Economic Impact of War
    Working Papers, University of California, Davis, Department of Economics View citations (35)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (40)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (29)
    Working Paper Series, Federal Reserve Bank of San Francisco (2005) View citations (39)
    See also Journal Article Collateral Damage: Trade Disruption and the Economic Impact of War, The Review of Economics and Statistics, MIT Press (2010) View citations (229) (2010)
70. Productivity, Tradability, and the Long-Run Price Puzzle
    Working Papers, University of California, Davis, Department of Economics
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2004) View citations (10)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (23)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (30)
    See also Journal Article Productivity, tradability, and the long-run price puzzle, Journal of Monetary Economics, Elsevier (2006) View citations (119) (2006)
    Chapter Productivity, Tradability, and the Long-Run Price Puzzle, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2017) (2017)
71. Stuck on Gold: Real Exchange Rate Volatility and the Rise and Fall of the Gold Standard
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2004

72. Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard 1874-1913
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (40)
73. Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
    See also Journal Article Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913, The Review of Economics and Statistics, MIT Press (2004) View citations (46) (2004)
74. Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley View citations (92)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (91)
    International Finance, University Library of Munich, Germany (2004) View citations (76)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (93)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (93)
    See also Journal Article Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period, IMF Staff Papers, Palgrave Macmillan (2004) View citations (96) (2004)
75. THE PURCHASING POWER PARITY DEBATE
    Working Papers, University of California, Davis, Department of Economics View citations (572)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (634)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (661)
    See also Journal Article The Purchasing Power Parity Debate, Journal of Economic Perspectives, American Economic Association (2004) View citations (635) (2004)
76. The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (49)
    Also in International Finance, University Library of Munich, Germany (2004) View citations (49)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (2004) View citations (50)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (66)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2004) View citations (59)
    See also Journal Article The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility, The Review of Economics and Statistics, MIT Press (2005) View citations (422) (2005)

2003

77. Foreign Capital in Latin America in the Nineteenth and Twentieth Centuries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
78. Gaucho Banking Redux
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2003) View citations (11)
    See also Journal Article Gaucho Banking Redux, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2003) View citations (10) (2003)
79. Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (53)
    Also in International Trade, University Library of Munich, Germany (2003) View citations (72)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (82)
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (2003) View citations (112)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (2)
    See also Journal Article Sovereign risk, credibility and the gold standard: 1870-1913 versus 1925-31, Economic Journal, Royal Economic Society (2003) View citations (65) (2003)
80. The Monetary Consequences of A Free Trade Area of the Americas
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (16)

2002

81. A Century of Current Account Dynamics
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (154)
    See also Journal Article A century of current account dynamics, Journal of International Money and Finance, Elsevier (2002) View citations (150) (2002)
82. Globalization and Capital Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (157)
    See also Chapter Globalization and Capital Markets, NBER Chapters, National Bureau of Economic Research, Inc (2003) View citations (88) (2003)
83. Globalization, Trade, and Development: Some Lessons From History
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
84. Testing Trade Theory in Ohlin's Time
    NBER Working Papers, National Bureau of Economic Research, Inc
85. The Rise and Fall of World Trade, 1870-1939
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article The Rise and Fall of World Trade, 1870–1939, The Quarterly Journal of Economics, President and Fellows of Harvard College (2003) View citations (155) (2003)

2001

86. A Century of Missing Trade?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article A Century of Missing Trade?, American Economic Review, American Economic Association (2002) View citations (16) (2002)
87. Australian Growth: A California Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2001) View citations (3)

2000

88. A Century of Purchasing-Power Parity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    See also Journal Article A Century Of Purchasing-Power Parity, The Review of Economics and Statistics, MIT Press (2002) View citations (262) (2002)
89. Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    See also Journal Article Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime, The Journal of Economic History, Cambridge University Press (1999) View citations (21) (1999)
90. Internal Versus External Convertibility and Developing-Country Financial
    Macroeconomics, University Library of Munich, Germany View citations (4)
91. Peopling the Pampa: On the Impact of Mass Migration to the River Plate, 1870-1914
    NBER Historical Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article Peopling the Pampa: On the Impact of Mass Migration to the River Plate, 1870-1914, Explorations in Economic History, Elsevier (1997) View citations (13) (1997)
92. Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    See also Journal Article Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price, Econometrica, Econometric Society (2001) View citations (373) (2001)

1999

93. Business Cycles in International Historical Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (115)
    See also Journal Article Business Cycles in International Historical Perspective, Journal of Economic Perspectives, American Economic Association (1999) View citations (118) (1999)
94. Internal Versus External Convertibility and Developing-Country Financial Crises: Lessons from the Argentine Bank Bailout of the 1930s
    Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (3)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1999) View citations (3)
95. Latin America and Foreign Capital in the Twentieth Century: Economics, Politics, and Institutional Change
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

1997

96. Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article Argentina and the world capital market: saving, investment, and international capital mobility in the twentieth century, Journal of Development Economics, Elsevier (1998) View citations (49) (1998)
97. Finance and Development in an Emerging Market: Argentina and the Interwar Period
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1997) View citations (12)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1997) View citations (12)
98. Latifundia as Malefactor in Economic Development? Scale, Tenancy, and Agriculture on the Pampas, 1880-1914
    NBER Historical Working Papers, National Bureau of Economic Research, Inc View citations (2)
99. Measuring Market Integration: A Model of Arbitrage with an Econometric Application to the Gold Standard, 1879-1913
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
100. Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
     Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (375)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (271)
     CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997) View citations (424)
     Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1997) View citations (357)
     See also Journal Article Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited, Journal of the Japanese and International Economies, Elsevier (1997) View citations (438) (1997)
101. The Great Depression as a Watershed: International Capital Mobility over the Long Run
     CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (73)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (45)
     See also Chapter The Great Depression as a Watershed: International Capital Mobility over the Long Run, NBER Chapters, National Bureau of Economic Research, Inc (1998) View citations (83) (1998)

1996

102. Convergence and International Factor Flows in Theory and History
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
103. International Capital Mobility in History: Purchasing-Power Parity in the Long Run
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (80)
104. International Capital Mobility in History: The Saving-Investment Relationship
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (112)
105. Land, Labor and the Wage-Rental Ratio: Factor Price Convergence in the Late Nineteenth Century
     NBER Historical Working Papers, National Bureau of Economic Research, Inc View citations (23)
     Also in Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research (1993) View citations (1)
     Working Papers, School of Economics, University College Dublin (1993) View citations (1)
106. On the Costs of Inward-Looking Development: Historical Perspectives on Price Distortions, Growth, and Divergence in Latin American from 1930s - 1980s
     NBER Working Papers, National Bureau of Economic Research, Inc
107. Sources of Convergence in the Late Nineteenth Century
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     See also Journal Article Sources of convergence in the late nineteenth century, European Economic Review, Elsevier (1999) View citations (38) (1999)

1995

108. Growth and Convergence in the Asia-Pacific Region: On the Role of Openness, Trade and Migration
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

1994

109. Convergence in the Age of Mass Migration
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
     See also Journal Article Convergence in the age of mass migration, European Review of Economic History, Cambridge University Press (1997) View citations (94) (1997)
110. Domestic Saving and International Capital Flows Reconsidered
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (76)
111. Three Phases of Argentine Economic Growth
     NBER Historical Working Papers, National Bureau of Economic Research, Inc View citations (16)

1991

112. Capital Flows to the New World as an Intergenerational Transfer
     Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research
     Also in NBER Historical Working Papers, National Bureau of Economic Research, Inc (1991)
     See also Journal Article Capital Flows to the New World as an Intergenerational Transfer, Journal of Political Economy, University of Chicago Press (1994) View citations (96) (1994)

Journal Articles

2023

1. Does Monetary Policy Have Long-Run Effects?
   FRBSF Economic Letter, 2023, 2023, (23), 6
2. Tariff Reductions, Heterogeneous Firms, and Welfare: Theory and Evidence for 1990–2010
   IMF Economic Review, 2023, 71, (4), 817-851 View citations (4)

2022

3. Longer-Run Economic Consequences of Pandemics
   The Review of Economics and Statistics, 2022, 104, (1), 166-175 View citations (2)
   See also Working Paper Longer-Run Economic Consequences of Pandemics, Working Paper Series (2020) View citations (139) (2020)
4. Precaution versus mercantilism: Reserve accumulation, capital controls, and the real exchange rate
   Journal of International Economics, 2022, 139, (C) View citations (7)
   See also Working Paper Precaution Versus Mercantilism: Reserve Accumulation, Capital Controls, and the Real Exchange Rate, GRU Working Paper Series (2018) (2018)
5. The Leverage Factor: Credit Cycles and Asset Returns
   Management Science, 2022, 68, (10), 7350-7361
   See also Working Paper The Leverage Factor: Credit Cycles and Asset Returns, NBER Working Papers (2019) View citations (5) (2019)
6. Zombies at Large? Corporate Debt Overhang and the Macroeconomy
   The Review of Financial Studies, 2022, 35, (10), 4561-4586 View citations (17)
   See also Working Paper Zombies at Large? Corporate Debt Overhang and the Macroeconomy, Post-Print (2022) View citations (8) (2022)

2021

7. Bank Capital Redux: Solvency, Liquidity, and Crisis
   The Review of Economic Studies, 2021, 88, (1), 260-286 View citations (32)
   See also Working Paper Bank Capital Redux: Solvency, Liquidity, and Crisis, Post-Print (2021) View citations (9) (2021)

2020

8. After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade
   American Economic Review: Insights, 2020, 2, (4), 509-26 View citations (18)
   See also Working Paper After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade, CEPR Discussion Papers (2019) View citations (2) (2019)
9. The effects of quasi-random monetary experiments
   Journal of Monetary Economics, 2020, 112, (C), 22-40 View citations (82)
   See also Working Paper Effects of Quasi-Random Monetary Experiments, Working Paper Series (2018) View citations (12) (2018)
10. Trade and Uncertainty
    The Review of Economics and Statistics, 2020, 102, (4), 749-765 View citations (40)
    See also Working Paper Trade and Uncertainty, NBER Working Papers (2014) View citations (57) (2014)

2019

11. Global Financial Cycles and Risk Premiums
    IMF Economic Review, 2019, 67, (1), 109-150 View citations (55)
    See also Working Paper Global Financial Cycles and Risk Premiums, Working Paper Series (2018) View citations (17) (2018)
12. Riders on the Storm
    FRBSF Economic Letter, 2019 View citations (3)
    See also Working Paper Riders on the Storm, CEPR Discussion Papers (2019) View citations (9) (2019)
13. The Rate of Return on Everything, 1870–2015
    The Quarterly Journal of Economics, 2019, 134, (3), 1225-1298 View citations (126)
    See also Working Paper The Rate of Return on Everything, 1870-2015, CESifo Working Paper Series (2018) View citations (4) (2018)

2018

14. The Argentina Paradox: microexplanations and macropuzzles
    Latin American Economic Review, 2018, 27, (1), 1-17 View citations (9)
    See also Working Paper The Argentina Paradox: Microexplanations and Macropuzzles, CEPR Discussion Papers (2014) View citations (6) (2014)

2017

15. International Monetary Relations: Taking Finance Seriously
    Journal of Economic Perspectives, 2017, 31, (3), 3-28 View citations (27)
    See also Working Paper International Monetary Relations: Taking Finance Seriously, NBER Working Papers (2017) View citations (27) (2017)
16. Macrofinancial History and the New Business Cycle Facts
    NBER Macroeconomics Annual, 2017, 31, (1), 213 - 263 View citations (275)
    See also Chapter Macrofinancial History and the New Business Cycle Facts, NBER Chapters, 2016, 213-263 (2016) View citations (201) (2016)
    Working Paper Macrofinancial History and the New Business Cycle Facts, NBER Working Papers (2016) View citations (96) (2016)
17. Monetary Policy Medicine: Large Effects from Small Doses?
    FRBSF Economic Letter, 2017

2016

18. Bubbles, Credit, and Their Consequences
    FRBSF Economic Letter, 2016 View citations (2)
19. SOVEREIGNS VERSUS BANKS: CREDIT, CRISES, AND CONSEQUENCES
    Journal of the European Economic Association, 2016, 14, (1), 45-79 View citations (105)
    Also in Journal of the European Economic Association, 2016, 14, (1), 45-79 (2016) View citations (101)
    See also Working Paper Sovereigns versus Banks: Credit, Crises and Consequences, Working Papers Series (2014) View citations (5) (2014)
    Chapter Sovereigns versus Banks: Credit, Crises, and Consequences, NBER Chapters, 2013 (2013) View citations (21) (2013)
20. The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy
    Economic Journal, 2016, 126, (590), 219-255 View citations (264)
    See also Working Paper The time for austerity: Estimating the average treatment effect of fiscal policy, SAFE Working Paper Series (2014) View citations (5) (2014)
21. The great mortgaging: housing finance, crises and business cycles
    Economic Policy, 2016, 31, (85), 107-152 View citations (314)
    See also Working Paper The Great Mortgaging: Housing Finance, Crises, and Business Cycles, CEPR Discussion Papers (2014) View citations (66) (2014)

2015

22. Betting the house
    Journal of International Economics, 2015, 96, (S1), S2-S18 View citations (157)
    See also Chapter Betting the House, NBER Chapters, 2014, 2-18 (2014) View citations (26) (2014)
    Working Paper Betting the House, Working Paper Series (2014) View citations (8) (2014)
23. Credit, Financial Stability, and the Macroeconomy
    Annual Review of Economics, 2015, 7, (1), 309-339 View citations (49)
    See also Working Paper Credit, Financial Stability, and the Macroeconomy, CEPR Discussion Papers (2015) View citations (49) (2015)
24. Interest rates and house prices: pill or poison?
    FRBSF Economic Letter, 2015 View citations (1)
25. Leveraged bubbles
    Journal of Monetary Economics, 2015, 76, (S), S1-S20 View citations (47)
    See also Working Paper Leveraged Bubbles, CESifo Working Paper Series (2015) View citations (45) (2015)
26. Mortgaging the future?
    FRBSF Economic Letter, 2015

2014

27. Private credit and public debt in financial crises
    FRBSF Economic Letter, 2014 View citations (15)
28. The growing dependence of Britain on trade during the Industrial Revolution
    Scandinavian Economic History Review, 2014, 62, (2), 109-136
    See also Working Paper The Growing Dependence of Britain on Trade during the Industrial Revolution, NBER Working Papers (2014) (2014)

2013

29. Cross of Euros
    Journal of Economic Perspectives, 2013, 27, (3), 167-92 View citations (29)
30. Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s–2000s
    The Review of Economics and Statistics, 2013, 95, (5), 1669-1690 View citations (51)
    See also Working Paper Is the Washington Consensus Dead?: Growth, Openness, and the Great Liberalization, 1970s-2000s, IDB Publications (Working Papers) (2009) (2009)
31. Luddites, the industrial revolution, and the demographic transition
    Journal of Economic Growth, 2013, 18, (4), 373-409 View citations (25)
32. Sovereign debt in Latin America, 1820-1913*
    Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2013, 31, (2), 173-217 View citations (3)
    See also Working Paper Sovereign Debt in Latin America, 1820-1913, NBER Working Papers (2012) (2012)
33. The Future of International Liquidity and the Role of China
    Journal of Applied Corporate Finance, 2013, 25, (2), 86-94 View citations (6)
    See also Working Paper The Future of International Liquidity and the Role of China, NBER Working Papers (2013) View citations (6) (2013)
34. When Credit Bites Back
    Journal of Money, Credit and Banking, 2013, 45, (s2), 3-28 View citations (327)
    Also in Journal of Money, Credit and Banking, 2013, 45, (s2), 3-28 (2013) View citations (609)
    See also Working Paper When Credit Bites Back, 2013 Meeting Papers (2013) View citations (602) (2013)

2012

35. Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008
    American Economic Review, 2012, 102, (2), 1029-61 View citations (1815)
    See also Working Paper Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008, NBER Working Papers (2009) View citations (115) (2009)
36. Global Financial Stability and the Lessons of History: A Review of Carmen M. Reinhart and Kenneth S. Rogoff's This Time Is Different: Eight Centuries of Financial Folly
    Journal of Economic Literature, 2012, 50, (4), 1092-1105 View citations (9)
37. THE HARROD–BALASSA–SAMUELSON HYPOTHESIS: REAL EXCHANGE RATES AND THEIR LONG‐RUN EQUILIBRIUM
    International Economic Review, 2012, 53, (2), 609-634 View citations (53)
    See also Working Paper The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and their Long-Run Equilibrium, NBER Working Papers (2010) View citations (8) (2010)
38. The carry trade and fundamentals: Nothing to fear but FEER itself
    Journal of International Economics, 2012, 88, (1), 74-90 View citations (96)
    See also Working Paper The Carry Trade and Fundamentals: Nothing to Fear But FEER Itself, CEPR Discussion Papers (2009) View citations (36) (2009)

2011

39. Currency Carry Trades
    NBER International Seminar on Macroeconomics, 2011, 7, (1), 357 - 388 View citations (7)
    See also Chapter Currency Carry Trades, NBER Chapters, 2010, 357-387 (2010) View citations (9) (2010)
    Working Paper Currency Carry Trades, NBER Working Papers (2010) View citations (5) (2010)
40. Current Accounts and Global Adjustment: The Long and Short of It
    Journal of Applied Corporate Finance, 2011, 23, (1), 32-42
41. Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons
    IMF Economic Review, 2011, 59, (2), 340-378 View citations (457)
    See also Working Paper Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons, NBER Working Papers (2010) View citations (62) (2010)
42. International trade and finance: Complementaries in the United Kingdom 1870-1913 and the United States 1920-1930
    Journal of International Money and Finance, 2011, 30, (1), 268-288 View citations (9)

2010

43. Collateral Damage: Trade Disruption and the Economic Impact of War
    The Review of Economics and Statistics, 2010, 92, (1), 102-127 View citations (229)
    See also Working Paper Collateral Damage: Trade Disruption and the Economic Impact of War, Working Papers (2005) View citations (35) (2005)
44. Financial Stability, the Trilemma, and International Reserves
    American Economic Journal: Macroeconomics, 2010, 2, (2), 57-94 View citations (253)
    See also Working Paper Financial Stability, the Trilemma, and International Reserves, NBER Working Papers (2008) View citations (87) (2008)
45. Global finance after the crisis
    Bank of England Quarterly Bulletin, 2010, 50, (4), 366-377 View citations (6)

2009

46. Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
    American Economic Review, 2009, 99, (2), 480-86 View citations (193)
    See also Working Paper Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008, NBER Working Papers (2009) View citations (201) (2009)
47. Stuck on gold: Real exchange rate volatility and the rise and fall of the gold standard, 1875-1939
    Journal of International Economics, 2009, 77, (2), 195-205 View citations (29)

2008

48. Made in America? The New World, the Old, and the Industrial Revolution
    American Economic Review, 2008, 98, (2), 523-28 View citations (5)
    See also Working Paper Made in America? The New World, the Old, and the Industrial Revolution, CEPR Discussion Papers (2008) View citations (5) (2008)

2006

49. Losing our marbles in the new century?: the great rebalancing in historical perspective
    Conference Series ; [Proceedings], 2006, 51 View citations (64)
    See also Working Paper Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective, NBER Working Papers (2006) View citations (65) (2006)
50. Productivity, tradability, and the long-run price puzzle
    Journal of Monetary Economics, 2006, 53, (8), 2041-2066 View citations (119)
    See also Chapter Productivity, Tradability, and the Long-Run Price Puzzle, World Scientific Book Chapters, 2017, 211-248 (2017) (2017)
    Working Paper Productivity, Tradability, and the Long-Run Price Puzzle, Working Papers (2005) (2005)

2005

51. The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility
    The Review of Economics and Statistics, 2005, 87, (3), 423-438 View citations (422)
    See also Working Paper The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility, CEPR Discussion Papers (2004) View citations (49) (2004)

2004

52. Commentary: demographic changes and international factor mobility
    Proceedings - Economic Policy Symposium - Jackson Hole, 2004, (Aug), 421-435 View citations (1)
53. Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913
    The Review of Economics and Statistics, 2004, 86, (4), 868-882 View citations (46)
    See also Working Paper Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard, 1879-1913, NBER Working Papers (2004) View citations (47) (2004)
54. Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period
    IMF Staff Papers, 2004, 51, (s1), 75-108 View citations (96)
    See also Working Paper Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period, Center for International and Development Economics Research, Working Paper Series (2004) View citations (92) (2004)
55. The Purchasing Power Parity Debate
    Journal of Economic Perspectives, 2004, 18, (4), 135-158 View citations (635)
    See also Working Paper THE PURCHASING POWER PARITY DEBATE, Working Papers (2004) View citations (572) (2004)

2003

56. Gaucho Banking Redux
    Economía Journal, 2003, Volume 3 Number 2, (Spring 2003), 1-42 View citations (10)
    See also Working Paper Gaucho Banking Redux, NBER Working Papers (2003) View citations (11) (2003)
57. Sovereign risk, credibility and the gold standard: 1870-1913 versus 1925-31
    Economic Journal, 2003, 113, (487), 241-275 View citations (65)
    See also Working Paper Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31, Department of Economics, Working Paper Series (2003) View citations (53) (2003)
58. The Rise and Fall of World Trade, 1870–1939
    The Quarterly Journal of Economics, 2003, 118, (2), 359-407 View citations (155)
    See also Working Paper The Rise and Fall of World Trade, 1870-1939, NBER Working Papers (2002) View citations (24) (2002)
59. Transferring Wealth and Power from the Old to the New World: Monetary and Fiscal Institutions in the 17th through the 19th Centuries: by Michael D. Bordo and Roberto Cortes-Conde, Cambridge University Press, 2001
    Journal of International Economics, 2003, 61, (1), 253-259

2002

60. A Century Of Purchasing-Power Parity
    The Review of Economics and Statistics, 2002, 84, (1), 139-150 View citations (262)
    See also Working Paper A Century of Purchasing-Power Parity, NBER Working Papers (2000) View citations (36) (2000)
61. A Century of Missing Trade?
    American Economic Review, 2002, 92, (1), 383-393 View citations (16)
    See also Working Paper A Century of Missing Trade?, NBER Working Papers (2001) View citations (8) (2001)
62. A century of current account dynamics
    Journal of International Money and Finance, 2002, 21, (6), 725-748 View citations (150)
    See also Working Paper A Century of Current Account Dynamics, NBER Working Papers (2002) View citations (154) (2002)
63. Internal versus external convertibility and emerging-market crises: lessons from Argentine history
    Explorations in Economic History, 2002, 39, (4), 357-389 View citations (11)

2001

64. Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price
    Econometrica, 2001, 69, (2), 473-98 View citations (373)
    See also Working Paper Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price, NBER Working Papers (2000) View citations (58) (2000)

2000

65. Dollarization as a technology import
    FRBSF Economic Letter, 2000, (may19) View citations (1)

1999

66. Business Cycles in International Historical Perspective
    Journal of Economic Perspectives, 1999, 13, (2), 45-68 View citations (118)
    See also Working Paper Business Cycles in International Historical Perspective, NBER Working Papers (1999) View citations (115) (1999)
67. Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime
    The Journal of Economic History, 1999, 59, (3), 567-599 View citations (21)
    See also Working Paper Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime, NBER Working Papers (2000) View citations (19) (2000)
68. Sources of convergence in the late nineteenth century
    European Economic Review, 1999, 43, (9), 1621-1645 View citations (38)
    See also Working Paper Sources of Convergence in the Late Nineteenth Century, NBER Working Papers (1996) View citations (6) (1996)

1998

69. Argentina and the world capital market: saving, investment, and international capital mobility in the twentieth century
    Journal of Development Economics, 1998, 57, (1), 147-184 View citations (49)
    See also Working Paper Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century, NBER Working Papers (1997) View citations (6) (1997)
70. On the Costs of Inward-Looking Development: Price Distortions, Growth, and Divergence in Latin America
    The Journal of Economic History, 1998, 58, (1), 1-28 View citations (82)

1997

71. Convergence in the age of mass migration
    European Review of Economic History, 1997, 1, (1), 27-63 View citations (94)
    See also Working Paper Convergence in the Age of Mass Migration, NBER Working Papers (1994) View citations (42) (1994)
72. Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
    Journal of the Japanese and International Economies, 1997, 11, (4), 441-479 View citations (438)
    See also Working Paper Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited, Center for International and Development Economics Research (CIDER) Working Papers (1997) View citations (375) (1997)
73. Peopling the Pampa: On the Impact of Mass Migration to the River Plate, 1870-1914
    Explorations in Economic History, 1997, 34, (1), 100-132 View citations (13)
    See also Working Paper Peopling the Pampa: On the Impact of Mass Migration to the River Plate, 1870-1914, NBER Historical Working Papers (2000) (2000)

1996

74. Alonso Blanca Sánchez: Las causas de la emigraciôn española, 1880–1930, Madrid, Alianza Editorial, 1995, 325 pp., bibliografía
    Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 1996, 14, (1), 244-248
75. Factor Price Convergence in the Late Nineteenth Century
    International Economic Review, 1996, 37, (3), 499-530 View citations (94)
76. Latin America - The Economic History of Latin America Since Independence. By Victor Bulmer-Thomas. Cambridge: Cambridge University Press, 1994. Pp. xv, 485. $69.95, cloth; $17.95, paper
    The Journal of Economic History, 1996, 56, (2), 520-522

1995

77. Debt, dependence and the demographic Transition: Latin America in to the next century
    World Development, 1995, 23, (5), 869-879 View citations (21)
78. Frontier Development: Land, Labour, and Capital on the Wheatlands of Argentina and Canada, 1890–1914. By Jeremy Adelman. Oxford: Clarendon Press, 1994. Pp. xvi, 322. $62.00
    The Journal of Economic History, 1995, 55, (3), 729-731

1994

79. Argentine Economic Growth in Comparative Perspective
    The Journal of Economic History, 1994, 54, (2), 434-437 View citations (2)
80. Capital Flows to the New World as an Intergenerational Transfer
    Journal of Political Economy, 1994, 102, (2), 348-71 View citations (96)
    See also Working Paper Capital Flows to the New World as an Intergenerational Transfer, Harvard Institute of Economic Research Working Papers (1991) (1991)
81. Crossings: The Great Transatlantic Migrations, 1870–1914. By Walter Nugent. Bloomington: Indiana University Press, 1992. Pp. xvi, 234. $29.95
    The Journal of Economic History, 1994, 54, (3), 719-720
82. Tres fases del crecimiento económico argentino
    Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 1994, 12, (3), 649-683 View citations (15)

1992

83. External Dependence, Demographic Burdens, and Argentine Economic Decline After the Belle Époque
    The Journal of Economic History, 1992, 52, (4), 907-936 View citations (60)

1991

84. Current account determination with traded capital goods
    Economics Letters, 1991, 37, (1), 61-67

Books

2013

1. Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century
   NBER Books, National Bureau of Economic Research, Inc View citations (2)

2005

2. Global Capital Markets
   Cambridge Books, Cambridge University Press View citations (68)
   Also in Cambridge Books, Cambridge University Press (2004) View citations (447)

2003

3. Bridges for Development: Policies and Institutions for Trade and Integration
   IDB Publications (Books), Inter-American Development Bank
4. Globalization in Historical Perspective
   NBER Books, National Bureau of Economic Research, Inc View citations (263)

2001

5. Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935
   NBER Books, National Bureau of Economic Research, Inc View citations (36)

Edited books

2007

1. The New Comparative Economic History: Essays in Honor of Jeffrey G. Williamson, vol 1
   MIT Press Books, The MIT Press View citations (13)

2005

2. Globalization in Historical Perspective
   National Bureau of Economic Research Books, University of Chicago Press View citations (9)

Chapters

2023

1. Global Natural Rates in the Long Run: Postwar Macro Trends and the Market-Implied r* in 10 Advanced Economies
   A chapter in NBER International Seminar on Macroeconomics 2023, 2023
   See also Working Paper Global Natural Rates in the Long Run: Postwar Macro Trends and the Market-Implied r* in 10 Advanced Economies, National Bureau of Economic Research, Inc (2023) View citations (2) (2023)

2017

2. Productivity, Tradability, and the Long-Run Price Puzzle
   Chapter 8 in International Macroeconomic Interdependence, 2017, pp 211-248
   See also Working Paper Productivity, Tradability, and the Long-Run Price Puzzle, University of California, Davis, Department of Economics (2005) (2005)
   Journal Article Productivity, tradability, and the long-run price puzzle, Elsevier (2006) View citations (119) (2006)

2016

3. Macrofinancial History and the New Business Cycle Facts
   A chapter in NBER Macroeconomics Annual 2016, Volume 31, 2016, pp 213-263 View citations (201)
   See also Working Paper Macrofinancial History and the New Business Cycle Facts, National Bureau of Economic Research, Inc (2016) View citations (96) (2016)
   Journal Article Macrofinancial History and the New Business Cycle Facts, University of Chicago Press (2017) View citations (275) (2017)

2014

4. Betting the House
   A chapter in NBER International Seminar on Macroeconomics 2014, 2014, pp 2-18 View citations (26)
   See also Working Paper Betting the House, Federal Reserve Bank of San Francisco (2014) View citations (8) (2014)
   Journal Article Betting the house, Elsevier (2015) View citations (157) (2015)

2013

5. Introduction to "Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century"
   A chapter in Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century, 2013, pp 1-10 View citations (1)
6. Sovereigns versus Banks: Credit, Crises, and Consequences
   A chapter in Sovereign Debt and Financial Crises, 2013 View citations (21)
   See also Working Paper Sovereigns versus Banks: Credit, Crises and Consequences, Institute for New Economic Thinking (2014) View citations (5) (2014)
   Journal Article SOVEREIGNS VERSUS BANKS: CREDIT, CRISES, AND CONSEQUENCES, European Economic Association (2016) View citations (105) (2016)
7. The Great Leveraging
   Chapter 4 in The Social Value of the Financial Sector Too Big to Fail or Just Too Big?, 2013, pp 33-65
   See also Working Paper The Great Leveraging, National Bureau of Economic Research, Inc (2012) View citations (36) (2012)

2011

8. Comment on "On Graduation from Default, Inflation and Banking Crises: Elusive or Illusion?"
   A chapter in NBER Macroeconomics Annual 2010, volume 25, 2011, pp 47-54

2010

9. Currency Carry Trades
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 357-387 View citations (9)
   See also Working Paper Currency Carry Trades, National Bureau of Economic Research, Inc (2010) View citations (5) (2010)
   Journal Article Currency Carry Trades, University of Chicago Press (2011) View citations (7) (2011)

2003

10. Globalization and Capital Markets
    A chapter in Globalization in Historical Perspective, 2003, pp 121-188 View citations (88)
    See also Working Paper Globalization and Capital Markets, National Bureau of Economic Research, Inc (2002) View citations (157) (2002)
11. Introduction to "Globalization in Historical Perspective"
    A chapter in Globalization in Historical Perspective, 2003, pp 1-10 View citations (83)

2001

12. A Monetary and Financial Wreck: The Baring Crisis, 1890-91
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 67-79
13. Anchors Aweigh: The Drift toward Crisis in the 1880s
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 37-64
14. Appendix 1 Historical Statistics
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 236-239
15. Appendix 2 The Law of National Guaranteed Banks
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 240-243
16. Appendix 3 Money Supply Periodization, 1884-1913
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 244-246
17. Appendix 4 Money and Exchange Rates, 1884-1913
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 247-252
18. Appendix 5 Instituto Movilizador de Inversiones Bancarias
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 253-254
19. Appendix 6 Humor, Politics, and the Economy
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 255-256
20. Bailing Out: Internal versus External Convertibility
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 165-187
21. Calm Before a Storm: The Gold Standard During the Belle Epoque, 1899-1914
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 118-136
22. Collision Course: Macroeconomic Policies and the Crash
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 80-96
23. Distress Signals: Financial Fragility in the Interwar Period
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 139-164
24. Introduction to "Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935"
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 3-36 View citations (11)
25. Post script
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 221-235
26. References
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 257-266
27. Relaunching the Gold Standard: From Monetary "Anemia'' to "Plethora'' and the Political Economy of Resumption, 1891-99
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 99-117
28. Steering through the Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime
    A chapter in Straining at the Anchor: The Argentine Currency Board and the Search for Macroeconomic Stability, 1880-1935, 2001, pp 188-218

1998

29. The Great Depression as a Watershed: International Capital Mobility over the Long Run
    A chapter in The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, 1998, pp 353-402 View citations (83)
    See also Working Paper The Great Depression as a Watershed: International Capital Mobility over the Long Run, C.E.P.R. Discussion Papers (1997) View citations (73) (1997)