Oil and the World Economy: Some Possible Futures (with D. Muir), Philosophical Transactions of the Royal Society A (forthcoming, with significant revisions).
Fiscal Deficits and Current Account Deficits (with D. Laxton), Journal of Economic Dynamics and Control (forthcoming, with minor revisions).
Effects of Fiscal Stimulus in Structural Models (with G. Coenen et al.), American Economic Journal: Macroeconomics, 2012, 4(1), 22-68.
Pricing Policies and Inflation Dynamics (with L. Cespedes and E. Parrado), Macroeconomic Dynamics, 2011. / Technical Appendix
Deficit Reduction: Short-Term Pain for Long-Term Gain, European Economic Review, 2011, 55(1), 118-139.
Jointly Optimal Monetary and Fiscal Policy Rules under Borrowing Constraints (with H. Bi), Journal of Macroeconomics, 2011, 33(3), 373-389.
Chile’s Structural Fiscal Surplus Rule: A Model-Based Evaluation (with D. Laxton), Economia Chilena, 2011.
Global Effects of Fiscal Stimulus During the Crisis (with C. Freedman, D. Laxton, D. Muir and S. Mursula), Journal of Monetary Economics, 57, July 2010, 506-526.
On the Theory of Sterilized Foreign Exchange Intervention, Journal of Economic Dynamics and Control, 34, April 2010, 1403-1420.
Simple Monetary Rules under Fiscal Dominance (with R. Nunes and I. Yakadina), Journal of Money, Credit and Banking, 42(1), February 2010, 63-92.
Policies to Rebalance the Global Economy After the Financial Crisis (with C. Freedman, D. Laxton and D. Muir), International Journal of Central Banking, 6(1), March 2010, 215-252.
Optimal Price Setting and Inflation Inertia in a Rational Expectations Model (with M. Juillard, O. Kamenik and D. Laxton), Journal of Economic Dynamics and Control, 32(8), August 2008, 2584-2621. / Technical Appendix
Inflation Inertia and Credible Disinflation (with G. Calvo and O. Celasun), Journal of International Economics, 73(1), September 2007, 48-68. / Technical Appendix
Balance of Payments Crises under Inflation Targeting (with S. Li and I. Yan), Journal of International Economics, 72(1), May 2007, 242-264.
Sterilization of Short-Term Capital Inflows: Through Lower Interest Rates?, Journal of International Money and Finance, 23(7-8), November 2004, 1209-1221.
International Capital Mobility in Emerging Markets: New Evidence from Daily Data, Review of International Economics, 9(4), November 2001, 626-640.
A Quantitative Exploration of The Role of Short-Term Domestic Debt in Balance of Payments Crises, Journal of International Economics, 51(1), June 2000, 195-215.
A Theory of Rational Inflationary Inertia (with G. Calvo and O. Celasun), in: P. Aghion, R. Frydman, J. Stiglitz and M. Woodford, eds., Knowledge, Information and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps. Princeton: Princeton University Press, 2002.
A Critical View of Inflation Targeting: Crises, Limited Sustainability, and Aggregate Shocks, in: N. Loayza and R. Soto, eds., Inflation Targeting: Design, Performance, Challenges. Santiago, Chile: Central Bank of Chile, 2002.
Government Debt: A Key Role in Financial Intermediation (with E. Tanner), in C. Reinhart, C. Végh and A. Velasco (ed.), Money, Crises and Transition, Essays in Honor of Guillermo A. Calvo, 2008.
Exchange Rate Regimes, International Linkages, and the Macroeconomic Performance of the New Member States (with T. Bayoumi, D. Laxton and K. Naknoi), in C. Detken, V. Gaspar and G. Noblet (eds.), The New EU Member States: Convergence and Stability, European Central Bank, 2005.
Does the Exchange Rate Belong in Monetary Policy Rules? New Answers from a DSGE Model with Endogenous Tradability and Trade Frictions (with D. Laxton and K. Naknoi), in: Proceedings from the ECB Conference on Globalization and the Macroeconomy, European Central Bank, 2009.
Income Inequality and Current Account Imbalances, January 2012.
The Chicago Plan Revisited (with J. Benes), February 2013. / IMF Working Paper version, August 2012.
The Future of Oil: Geology versus Technology (with J. Benes et al.), June 2012
Risky Bank Lending and Optimal Capital Adequacy Regulation, June 2011.
Inequality, Leverage and Crises, December 2010.
International Currency Portfolios, July 2010.
Simple Fiscal Policy Rules for Small Open Economies (with D. Laxton), June 2010.
To Starve or not to Starve the Beast? (with D. Laxton and D. Leigh), September 2010.
Too Much of a Good Thing? On the Effects of Limiting Foreign Reserve Accumulation (with I. Yan), March 2010.
Government Debt Bias (with I. Yakadina), January 2010.
The Global Integrated Monetary and Fiscal Model ? Theoretical Structure, IMF Working Paper WP/10/34, February 2010.
Trade Openness and Exchange Rate Regimes (with O. Kamenik), August 2009. / Technical Appendix
A Party without a Hangover? On the Effects of U.S. Government Deficits (with D. Laxton), August 2007, IMF Working Paper WP/07/202.
Fiscal Crisis Resolution: Taxation versus Inflation, January 2004. / Technical Appendix
