JOURNAL ARTICLES
“The Macroeconomic Effects of Oil Price Uncertainty,” Energy Economics, Vol. 125, 106839, September 2023. With I. Qureshi.
“The Evolution and Impact of Infrastructure in Middle-Income Countries: Anything Special?” Emerging Markets Finance and Trade, Vol. 54, pp. 1239-63, March 2018. With M. Debuque-Gonzales and A. Sy. Also appeared as ADB Working Paper No. 518, August 2017.
“The Macroeconomic Effects of Public Investment: Evidence from Advanced Economies,” Journal of Macroeconomics, Vol. 50, pp. 224-40, Dec. 2016. With D. Furceri and P. Topalova.
“The Rising Resilience of Emerging Market and Developing Economies,” World Development (lead article), Vol. 72, pp. 1-26, Aug. 2015. With J. Bluedorn, J. Guajardo, and P. Topalova.
“How Does Trade Evolve in the Aftermath of Financial Crises?” IMF Economic Review, Vol. 62, No. 2, pp. 213-47, June 2014. With P. Mishra and P. Topalova.
“A New Database of Financial Reforms,” IMF Economic Review, Vol. 57, No. 2, pp. 281-302, June 2010. With E. Detragiache and T. Tressel. Also appeared as IMF WP/08/266, Dec. 2008.
“Financial Integration, Capital Mobility, and Income Convergence,” Economic Policy, Vol. 24, No. 58, pp. 241–305, April 2009. With D. Leigh and A. Mody. Earlier version appeared as IMF WP/07/64, March 2007.
“The Quality Effect: Does Financial Liberalization Improve the Allocation of Capital?” Journal of Development Economics, Vol. 87, No. 2, pp. 270–82, Oct. 2008. With N. Oomes and K. Ueda. Earlier version appeared as IMF WP/04/112, June 2012.
“Financial Reform: What Shakes It? What Shapes It?” American Economic Review, Vol. 95, No. 1, pp. 66-88, March 2005. With A. Mody. Also appeared as IMF WP/03/70, March 2003.
OTHER RESEARCH
“Evaluating Historical CGER Assessments: How Well Have They Predicted Subsequent Exchange Rate Movements?” IMF WP/09/32, February 2009. With P. Kannan and J. Lee.
“Common and Country-Specific Components in CE-4 Currency Movements: What’s Holding the Forint Up?” Hungary Selected Issues SM/06/311, September 2006.
“Primary Surpluses and Sustainable Debt Levels in Emerging Market Countries,” IMF Policy Discussion Paper No. 05/6, October 2005. With J. Ostry.
“Underlying Factors Driving Fiscal Effort in Emerging Market Economies,” IMF WP/05/106, June 2005. With T. Baig.
“Growth and Current Account Performance: Results from a Cross-Country Model,” Hungary Selected Issues SM/05/183, May 2005. With D. Leigh.