Journal Articles
Trade and International Macroeconomics (2025), Oxford Research Encyclopedia of Economics and Finance, November
Exchange Rates, Invoicing Currencies, and the Margins of Exports (2024), with Kwan Yong Lee, Journal of International Money and Finance, vol. 141 (C)
FDI Commitments Increase When Uncertainty is Resolved: Evidence from Asia, (2023), with Abigail S. Hornstein, Journal of Asian Economics, vol. 87 (C), 101629
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
Real Exchange Rate Fluctuations, Wage Stickiness and Tradability, (2017), Canadian Journal of Economics, vol. 50 (1), 94-110
ASEAN Trade and Foreign Direct Investment: Long-Term Challenges for Economic Integration (2017), with Masahiro Kawai, Singapore Economic Review, vol. 62 (3), 643-680
The Risk Premium and Long-Run Global Imbalances (2015), with YiLi Chien, Journal of Monetary Economics, vol. 76, 299-315
Exchange Rate Volatility and Fluctuations of the Extensive Margin of Trade (2015), Journal of Economic Dynamics and Control, vol. 52, 322-339
The Marginal Product of Capital, Capital Flows and Convergence (2010), with Sirsha Chatterjee, American Economic Review: Papers and Proceedings, vol. 100 (2), 73-77
Real Exchange Rate Fluctuations, Endogenous Tradability and Exchange Rate Regimes (2008), Journal of Monetary Economics, vol. 55 (3), 645-663
Book Chapters
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
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
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
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
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). R&R, Journal of Economic Dynamics and Control
Does US Monetary Policy Uncertainty Affect Cross-Border Banking Flows?, with Birendra Budha (Nepal Rastra Bank), submitted
Intergenerational Correlation in Returns, Wealth Inequality, and the Estate Tax, with Kunze Li (Beijing Normal University) and Kai Zhao (University of Connecticut)
International Spillovers from US Monetary Policy Uncertainty to Asset Prices, with Birendra Budha (Nepal Rastra Bank)
Commodity Price Shocks and Monetary Policy, with Faisal Algosair (Saudi Central Bank)
Tariffs and the Expansion of the American Pig Iron Industry, 1870-1940
The Thai Military As a Business Group, 1940-2016
Work in Progress
Tariff Shocks and Operational Hedging: Firm-Level Evidence, with Mizuki Goto (Kanto Gakuin University) and Satoshi Koibuchi (Chuo University)
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