International Finance

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The Editors respond to "Mankiw vs. Board of Trustees" by Chyla (with Aaron S. Edlin), The Economists' Voice (2006)
The difference in unfunded obligations observed by Professor Chyla is explained by the difference between...
 

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Divergent Views on the Coming Dollar Crisis, The Economists' Voice (2006)
Is the U.S. vulnerable to a full-blown dollar crisis? Why are international finance economists scared...
 

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Contrary to Robert Shiller's Predictions, Stock Market Investors Made Much Money in the Past Decade: What Does This Tell Us? (with Konstantin Magin), The Economists' Voice (2006)
Bradford Delong and Konstantin Magin remind us that a decade ago, many thought the stock...
 

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Should We Still Support Untrammelled International Capital Mobility? Or are Capital Controls Less Evil than We Once Believed?, The Economists' Voice (2004)
Fifteen years ago, I found it easy to be in favor of international capital mobility...
 

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Access and Innovation Policy for the Third-Generation Internet (with François Bar, Stephen S. Cohen, Peter Cowhey, Michael Kleeman, and John Zysman), Berkeley Roundtable on the International Economy (2000)
The success of the Internet in the U.S. fundamentally rests on 30 years of consistent...
 

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Tools for Thought: What is New and Important about the "E-conomy"? (with Stephen S. Cohen and John Zysman), Berkeley Roundtable on the International Economy (2000)

There are eras when advancing technology and changing business organizations transform economies and societies. Such...

 

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Is Increased Price Flexibility Stabilizing?, NBER Papers in Economic Fluctuations and Growth; NBER Papers in Monetary Economics (1997)
 

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Equipment Investment and Economic Growth* (1990)

We use disaggregated data from the United Nations International Comparison Project and the Penn World...

 

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Noise Trader Risk in Financial Markets (1989)
 

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Is Increased Price Flexibility Stabilizing? (with Lawrence Summers), American Economic Review (1986)
This paper uses John Taylor's model of overlapping contracts to show that increased wage and...
 

Stabilization Policy

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Is Increased Price Flexibility Stabilizing? (with Lawrence Summers), American Economic Review (1986)
This paper uses John Taylor's model of overlapping contracts to show that increased wage and...
 

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Is Increased Price Flexibility Stabilizing? (with Lawrence Summers), American Economic Review (1986)