A Post-Pandemic New Normal for Interest Rates in Emerging Bond Markets? Evidence from Chile

2024-04 | FEBRUARY 2024

Luis Ceballos, Jens H. E. Christensen, Damian Romero

Understanding Persistent ZLB: Theory and Assessment

2024-03 | FEBRUARY 2024

Pablo Cuba-Borda, Sanjay R. Singh

Targeted Reserve Requirements for Macroeconomic Stabilization

2023-13 | NOVEMBER 2023

Zheng Liu, Mark M. Spiegel, Jingyi Zhang

In Search of Dominant Drivers of the Real Exchange Rate

2022-09 | April 2022

Wataru Miyamoto, Thuy Lan Nguyen, Hyunseung Oh

Central Bank Credibility During COVID-19: Evidence from Japan

2021-24 | August 2022

Jens H. E Christensen, Mark M. Spiegel

Bank Risk-Taking and Monetary Policy Transmission: Evidence from China

2020-27 | July 2023

 Xiaoming Li, Zheng Liu, Yuchao Peng, Zhiwei Xu

Capital Controls and Income Inequality

2020-14 | March 2023

Zheng Liu, Mark M. Spiegel, Jingyi Zhang

Complexity of Global Banks and Their Foreign Operation in Hong Kong

2019-22 | September 2019

Simon H. Kwan, Kelvin Ho, Edward Tan

Is China Fudging Its GDP Figures? Evidence from Trading Partner Data

2019-19 | August 2019

John G. Fernald, Eric Hsu, Mark M. Spiegel

Assessing Abenomics: Evidence from Inflation-Indexed Japanese Government Bonds

2019-15 | October 2019

Jens H. E. Christensen, Mark M. Spiegel

Optimal Capital Account Liberalization in China

2018-10 | May 2020

Zheng Liu, Mark M. Spiegel, Jingyi Zhang

Interest-Rate Liberalization and Capital Misallocations

2017-15 | January 2020

Zheng Liu, Pengfei Wang, Zhiwei Xu

Reserve Requirements and Optimal Chinese Stabilization Policy

2016-10 | March 2018

Chun Chang, Zheng Liu, Mark M. Spiegel, Jingyi Zhang

The Weak Job Recovery in a Macro Model of Search and Recruiting Intensity

2016-09 | FEBRUARY 2019

Sylvain Leduc, Zheng Liu

Is China Fudging its Figures? Evidence from Trading Partner Data

2015-12 | September 2015

John G. Fernald, Eric Hsu, Mark M. Spiegel

The International Transmission of Shocks through the Lens of Foreign Banks in Hong Kong

2014-25 | JANUARY 2023

Simon H. Kwan, Kelvin Ho, Cho-hoi Hui, Eric T.C. Wong

Monetary Policy Effectiveness in China: Evidence from a FAVAR Model

2014-07 | February 2014

John G. Fernald, Mark M. Spiegel, Eric T. Swanson

Breaking the “Iron Rice Bowl:” Evidence of Precautionary Savings from the Chinese State-Owned Enterprises Reform

2014-04 | November 2017

Hui He, Feng Huang, Zheng Liu, Dongming Zhu

China’s Financial Linkages with Asia and the Global Financial Crisis

2013-12 | May 2013

Reuven Glick, Michael Hutchison

Persistence of Regional Inequality in China

2013-06 | March 2013

Christopher Candelaria, Mary C. Daly, Galina Hale

Capital Controls and Optimal Chinese Monetary Policy

2012-13 | JANUARY 2015

Chun Chang, Zheng Liu, Mark M. Spiegel

Cross-Country Causes and Consequences of the Crisis: An Update

2011-02 | January 2011

Andrew K. Rose, Mark M. Spiegel

If You Try, You’ll Get By: Chinese Private Firms’ Efficiency Gains from Overcoming Financial Constraints

2010-21 | January 2011

Galina Hale, Cheryl Long

Asset Class Diversification and Delegation of Responsibilities between Central Banks and Sovereign Wealth Funds

2010-20 | September 2010

Joshua Aizenman, Reuven Glick

China’s Monetary Policy and the Exchange Rate

2010-19 | September 2010

Aaron Mehrotra, Jose R. Sanchez-Fung

Growth Accounting with Misallocation: Or, Doing Less with More in Singapore

2010-18 | May 2010

John G. Fernald, Brent Neiman

Bond Currency Denomination and the Yen Carry Trade

2010-04 | February 2010

Christopher A. Candelaria, Jose A. Lopez, Mark M. Spiegel

Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure

2009-18 | September 2009

Andrew K. Rose, Mark M. Spiegel

Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning

 2009-17 | July 2009

Andrew K. Rose, Mark M. Spiegel

Foreign Entry into Underwriting Services: Evidence from Japan’s “Big Bang” Deregulation

2009-14 | June 2009

Mark M. Spiegel, Jose A. Lopez

Beyond Kuznets: Persistent Regional Inequality in China

2009-07 | November 2010

Christopher Candelaria, Mary C. Daly, Galina Hale

Working Papers Archive