Department of Economics

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Reseach is to see what everybody else has seen, and to think nobody else has thought.
                                                                                                 -Albert Szent-Gyorgyi
 
 
PUBLICATIONS
 
Do high interests deter speculative attacks: Evidence and some theory (with Kevin Grier). Forthcoming, Journal of International Money and Finance.
 
Speculative attacks and defenses as wars of attrition (with Kevin Grier). Forthcoming, European Journal of Political Economy.
 
On the international effects of inflation targeting. The Review of Economics and Statistics, February 2010 Vol. 92(1).
 
Does inflation targeting make a difference in developing countries? (with Haichun Ye). Journal of Development Economics, 2009 Vol. 89(1): 118-123.
 
A monte carlo evaluation of the efficiency of the PCSE estimator  (with Xiujian Chen and W. Robert Reed). Forthcoming, Applied Economics Letters, April 2008, DOI: 10.1080/13504850701719702.

Does inflation targeting really make a difference? Evaluating the treament effect of inflation targeting in seven industrial countries (with Haichun Ye). Journal of Monetary Economics, November 2007 vol 54 (8).

Does it pay to go to the corners? An empirical evaluation of  the bipolar view of exchange rate regimes. Economics Letters, 2006, vol. 92(3): 342-347.

                                                    
WORKING PAPERS

Dollarization does promote trade (with Haicun Ye).

The sweet-bitter growth theory of stock market liberalization (with Haichun Ye).
 
Does openness to capital inflows promote growth? (with Haichun Ye).
 
When does central bank independence matter? (with Haichun Ye).
 
The behavior of the term structure has changed again (with Haichun Ye).
 
Do freedom of information laws reduce corruption? (with Monica Escaleras and Charles Register).

Savings and investment in the USA: solving the Feldstein-Horioka puzzle (with Kevin Grier and Haichun Ye)

Do import prices affect domestic inflation? (with Keven Grier and Haichun Ye)

A reinvestigation of tight monetary policy against speculative attacks.