When to Lean against the Wind (with Bjorn Richter and Moritz Schularick)
Journal of Money, Credit and Banking, forthcoming

Credit Deepening: Precursor to growth or crisis?
Comparative Economic Studies, March 2018

Financial Systems and Economic Growth
edited by Peter L. Rousseau and Paul Wachtel, Cambridge University Press, 2017.

Episodes of financial deepening: Credit booms or growth generators? (with Peter L. Rousseau)
in Financial Systems and Economic Growth, 2017.

The Making of America's Imbalances (with Moritz Schularick)
CESifo Economic Studies, March 2014.

The Evolution of the Finance-Growth Nexus
Comparative Economic Studies, September 2011.

What is happening to the impact of financial deepening on economic growth? (with Peter L. Rousseau)
Economic Inquiry, January, 2011.

Institutional Development, Financial Deepening and Economic Growth: Evidence from China (with Iftekhar Hasan and Mingming Zhou)
Journal of Banking and Finance, January 2009.

How Much Do We Know About Growth and Finance?
Federal Reserve Bank of Atlanta, Economic Review, First Quarter 2003.

Inflation Thresholds and the Finance-Growth Nexus (with Peter L. Rousseau)
Journal of International Money and Finance, November 2002.

Equity Markets and Growth: Cross-Country Evidence on Timing and Outcomes, 1980-1995 (with Peter L. Rousseau)
Journal of Banking and Finance, December 2000.

Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries. (with Peter L. Rousseau)
Journal of Money, Credit and Banking, November 1998.

Financial Intermediation and Economic Growth: A Historical Comparison of the U.S., U.K. and Canada (with Peter L. Rousseau)
Anglo-American Finance, edited by M. Bordo and R. Sylla, Irwin, 1995.

Age Structure and Personal Saving Behavior (with Charles Lieberman)
Social Security Versus Private Savings, edited by George von Furstenberg, Ballinger Publishing Co., 1980.

Anticipatory and Objective Models of Durable Goods Demand (with F. Thomas Juster)
American Economic Review, September 1972.