Research, etc.
Papers in Refereed Journals
"Exchange Rates and Monetary Policy When Tradable and Nontradable Goods Are Complements," International Review of Economics and Finance, 89 A (January 2024), 297-309.
"Pandemic Preference Shocks and Inflation in a New Keynesian Model," Atlantic Economic Journal 50:3-4 (December 2022), 133-146.
"Intermediate Goods and Exchange Rate Disconnect," Open Economies Review 31:1 (February 2020), 113-129.
"Hysteresis in a New Keynesian Model," Economic Inquiry 57:2 (April 2019), 1082-1097.
"Nominal Shocks and Real Exchange Rates: Evidence from Two Centuries," with Pao-Lin Tien, Journal of International Money and Finance 56 (September 2015), 135-157.
"Current Account Reversals and Structural Change in Developing and Industrialized Countries," with David R. Hineline, Journal of International Trade and Economic Development 24:1 (February 2015), 147-171.
"Monetary Rules and Sectoral Unemployment in Open Economies," Journal of Macroeconomics 40 (June 2014), 277-292.
"As the Current Account Turns: Disaggregating the Effects of Current Account Reversals in Industrial Countries," with David R. Hineline, The World Economy 36:12 (December 2013), 1516-1541.
"Specific Factors and International Monetary Policy Coordination,” Open Economies Review 23:2 (April 2012), 319-336.
"Temporal Aggregation and Purchasing Power Parity Persistence,” with Yamin Ahmad, Journal of International Money and Finance 30:5 (September 2011), 817-830.
"Interest Differentials and Extreme Support for Uncovered Interest Rate Parity,” with George K. Davis and Norman C. Miller, International Review of Economics and Finance 19:4 (October 2010), 723-732.
"Across Time and Regimes: 212 Years of the US-UK Real Exchange Rate,” Economic Inquiry 48:4 (October 2010), 951-964.
"The Causes of and Gains from Intertemporal Trade,” with Norman C. Miller, Journal of Economic Education 41:3 (Summer 2010), 275-291.
"Real Rigidities and Real Exchange Rate Volatility,” Journal of International Money and Finance 28:1 (February 2009), 135-147.
Other Research
"A Monthly Dollar-Sterling Exchange, 1791-1879 (pdf)," Working paper (2007) with more detail on construction of exchange rate series for 2010 Economic Inquiry paper. Data available in spreadsheet format through the Center for Financial Stability (under “Daily and Monthly Market Rates”).
Book Reviews
Review of Trade Policy Disaster: Lessons from the 1930s by Douglas Irwin, Journal of Economic History 74:4 (December 2014), 1247-1249.
Review of Expectations, Employment and Prices and How The Economy Works: Confidence, Crashes and Self-Fulfilling Prophecies by Roger E.A. Farmer, Eastern Economic Journal 39:1 (Winter 2013), 140-142.
Commentary
"Timed Tax Hikes Key to U.S. Fiscal Stability," Hartford Courant, June 24, 2012
"The Wrong Budget Analogy,” Los Angeles Times, August 24, 2011
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