Research Activities


Fields of Interest:

International Finance, Macroeconomics, Public Finance, Econometrics

Working Papers:

“Regulating Capital Flows to Emerging Markets: An Externality View”, June 2008

“Dividend Taxation and Intertemporal Tax Arbitrage,” with Joseph E. Stiglitz, February 2008

“External Dollar Borrowing in Emerging Markets II: Volatility, Portfolio Choice, and Amplification”, December 2007

“External Dollar Borrowing in Emerging Markets I: An Underinsurance Puzzle”, October 2007

“Excessive Dollar Borrowing in Emerging Markets: Balance Sheet Effects and Macroeconomic Externalities”, May 2008

“Expectations and Exchange Rates,” with Hamid Rashid, July 2006

Work in Progress:

“Financial Crises, Risk-Taking and Systemic Externalities” (draft available upon request)

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

“Exchange Rate Valuation, Capital Accumulation, and Growth”

Publications:

“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.