Policy Articles

Articles in Federal Reserve Bank of St. Louis Review

"Mexico's Integration into NAFTA Markets: A View from Sectoral Real Exchange Rates" (with R. Blavy), Federal Reserve Bank of St Louis Review, September/October 2009, 91(5, Part1).

Policy Publications

“The Lasting Effects of Terms-of-Trade Shocks on Business Cycles” (with F. Di Pace and I. Petrella), VoxEU, November 2020.

“Price Discrimination in Export Markets and the Quality of Traded Goods” (with N. Chen), VoxEU, May 2020.

“Flight from Quality” (with N. Chen) , Finance and Development, December 2016.

“The Prices of Higher Quality Goods Respond Less to Exchange Rate Movements” (with N. Chen), VoxEU, January 2014.

“Quantitative Easing: Lessons We’ve Learned” (with B. Fawley), Federal Reserve Bank of St. Louis The Regional Economist, July 2012.

“Coming to America: Covered Bonds” (with B. Fawley), Federal Reserve Bank of St. Louis Economic Synopses, July 2012.

“When Oil Prices Jump, Is Speculation to Blame” (with B. Fawley and Ivan Petrella), Federal Reserve Bank of St. Louis The Regional Economist, April 2012.

“Why Health Care Matters and the Current Debt Does Not” (with B. Fawley), Federal Reserve Bank of St. Louis The Regional Economist, October 2011.

“Capital Controls by Any Other Name” (with B. Fawley), Federal Reserve Bank of St. Louis International Economic Trends, August 2011.

“Commodity Price Gains: Speculation vs. Fundamentals” (with B. Fawley), Federal Reserve Bank of St. Louis The Regional Economist, July 2011.

“Why “Fixing” China’s currency is no Quick Fix” (with B. Fawley), Federal Reserve Bank of St. Louis The Regional Economist, April 2011.

“Unemployment and the Role of Monetary Policy” (with B. Fawley), Federal Reserve Bank of St. Louis Monetary Trends, December 2010.

"Mexico's Oportunidades Program Fails to Make the Grade in NYC" (with B. Fawley), Federal Reserve Bank of St. Louis The Regional Economist, July 2010.

"Monetary Policy and Asset Prices" (with B. Fawley), Federal Reserve Bank of St. Louis Economic Synopses, 2010, No. 11.

"Reader Exchange: Why do consumer prices differ among NAFTA members?", Federal Reserve Bank of St. Louis The Regional Economist, January 2010.

"International Trade Integration and Business Cycle Synchronization", Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 43.

"Asset Prices and Their Effect on the U.S. Trade Balance", Federal Reserve Bank of St. Louis Economic Synopses, 2009, No. 31.