Publications
[15] Trade and International Macroeconomics (forthcoming), the Oxford Research Encyclopedia of Economics and Finance, Oxford University Press
[14] The Military Land of Smiles (forthcoming), with Paul Chambers, Plundering Security: The Economic Evolution of Thailand’s Arch-Royalist Military, Paul Chambers and Ukrist Pathmanand (Ed.): ISEAS Publishing
[13] Exchange Rates, Invoicing Currencies, and the Margins of Exports (2024), with Kwan Yong Lee, Journal of International Money and Finance, vol. 141 (C)
[12] FDI Commitments Increase When Uncertainty is Resolved: Evidence from Asia, (2023), with Abigail S. Hornstein, Journal of Asian Economics, vol. 87 (C), 101629
[11] The Economic Role of the Thai Military: A Commercial Logic to Coups? (2020), Praetorians, Profiteers or Professionals? Studies on the Militaries of Myanmar and Thailand, Michael Montesano, Terrence Chong, and Prajak Kongkirati (Ed.), 132-149: ISEAS Publishing
[10] Why Are Exchange Rates So Smooth? A Household Finance Explanation (2020), with YiLi Chien and Hanno Lustig, Journal of Monetary Economics, vol. 112, 129-144
[9] Real Exchange Rate Fluctuations, Wage Stickiness and Tradability, (2017), Canadian Journal of Economics, vol. 50 (1), 94-110
[8] ASEAN Trade and Foreign Direct Investment: Long-Term Challenges for Economic Integration (2017), with Masahiro Kawai, Singapore Economic Review, vol. 62 (3), 643-680
[7] The Risk Premium and Long-Run Global Imbalances (2015), with YiLi Chien, Journal of Monetary Economics, vol. 76, 299-315
[6] Exchange Rate Volatility and Fluctuations of the Extensive Margin of Trade (2015), Journal of Economic Dynamics and Control, vol. 52, 322-339
[5] Competition, Labor Intensity and Specialization: Structural Changes in Post-Crisis Asia (2013) with Yothin Jinjarak, Trade and Employment in Asia, Niny Khor and Devashish Mitra (Ed.), 72-92: Routledge
[4] Does the Exchange Rate Belong in Monetary Policy Rules? New Answers from a DSGE Model with Endogenous Tradability and Trade Frictions (2010), with Michael Kumhof and Douglas Laxton, Macroeconomic Performance in a Globalising Economy, Anderton, Robert and Geoff Kenny (Ed.), 120-154: Cambridge University Press
[3] The Marginal Product of Capital, Capital Flows and Convergence (2010), with Sirsha Chatterjee, American Economic Review: Papers and Proceedings, vol. 100 (2), 73-77
[2] Real Exchange Rate Fluctuations, Endogenous Tradability and Exchange Rate Regimes (2008), Journal of Monetary Economics, vol. 55 (3), 645-663
[1] Exchange Rate Regimes, International Linkages, and the Macroeconomic Performance of the New Member States (2005), with Tamim Bayoumi, Michael Kumhof and Douglas Laxton, The New EU Member States: Convergence and Stability, Detken, Carsten, Vitor Gaspar and Gilles Noblet (Ed.), 75-104: European Central Bank
Working Papers
Real Exchange Rate Fluctuations and Non-Homothetic Preferences, with Michael Lorenzo (Syracuse University). Revise and Resubmit, Journal of Economic Dynamics and Control
Does US Monetary Policy Uncertainty Affect Cross-Border Banking Flows?, with Birendra Budha (Nepal Rastra Bank)
Asset Price Spillovers from US Monetary Policy Uncertainty, with Birendra Budha (Nepal Rastra Bank)
Commodity Price Shocks and Monetary Policy, with Faisal Algosairl (Saudi Central Bank)
Exchange Rate Pass-through and Market Structure in a Multi-Country World
Tariffs and the Expansion of the American Pig Iron Industry, 1870-1940
The Thai Military As a Business Group, 1940-2016
Work in Progress
Capital Goods and Investment in Emerging Market Economies, with Laura Alfaro (Harvard Business School)
Military Business as Colonial Enterprises, with Richard N. Langlois (University of Connecticut)
Transport Finance and Trade Frictions, with Apiwat Ratanawaraha (Chulalongkorn University)
English Proficiency and Services Trade