Research Activities


Fields of Interest:

The Macroeconomics of Imperfect Capital Markets, International Finance, Public Finance

Working Papers:

"Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach," with Olivier Jeanne, forthcoming, American Economic Review Papers and Proceedings, May 2010 [Online Appendix]

"Decoupling and Recoupling," with Agustin Roitman and Carlos Vegh, forthcoming, American Economic Review Papers and Proceedings, May 2010

"Real Exchange Rate Undervaluation: Static Losses, Dynamic Gains," with Luis Serven, January 2009

"Managing Credit Booms and Busts: A Pigouvian Taxation Approach," with Olivier Jeanne, November 2009

"Insurance Properties of Dollar and Local Currency Bonds in Small Open Economies", July 2009

"Excessive Dollar Borrowing in Emerging Markets: Balance Sheet Effects and Macroeconomic Externalities", June 2009

"Systemic Risk-Taking: Amplification Effects, Externalities, and Regulatory Responses", April 2009

"Regulating Capital Flows to Emerging Markets: An Externality View", March 2009

"Expectations and Exchange Rates," with Hamid Rashid, July 2006

Work in Progress:

"Dollar Debt in Emerging Markets: Volatility, Portfolio Choice, and Amplification"

"Political Economy in a Contestable Democracy: The Case of Dividend Taxation," with Joseph E. Stiglitz

Publications:

"Dividend Taxation and Intertemporal Tax Arbitrage," with Joseph E. Stiglitz, Journal of Public Economics, 93(1-2), pp. 142 - 159, Feb. 2009. Also NBER Working Paper w13858.

"An Econometric Method of Correcting for Unit Nonresponse Bias in Surveys," with Johan Mistiaen and Martin Ravallion, Journal of Econometrics, 136(1), pp. 213 - 235, Jan. 2007. Also World Bank Policy Research Working Paper No. 3711.

"Survey Nonresponse and the Distribution of Income," with Johan Mistiaen and Martin Ravallion, Journal of Economic Inequality, 4(1), pp. 33 - 55, April 2006. Also World Bank Policy Research Working Paper No. 3543.

"The Potential Consequences of Alternative Exchange Rate Regimes: A Study of Three Candidate Regions", with E. Hochreiter and P. L. Siklos, International Journal of Finance & Economics, 8(4), pp. 327 - 349, Sept. 2003. Also OeNB Working Paper 76.