International Finance Papers, Quarterly J. Economics, R.Economics and Statistics, Sloan Mangmt.R., J.International Econ., Southern Econ. J., World Bank Economic R., World Economy, National Science Foundation, and various publishers. HONORS AND AWARDS The Wilcox Lecture, Swarthmore College, October 24, 2016. Abramson Scroll for outstanding article, Business Economics, 2012. In the top 20, highest “impact factor” among research economists, IDEAS, 2011-. ISI Highly Cited Researchers, 2005- The 5th Annual Mundell-Fleming Lecture, International Monetary Fund, 2004. Choice Award Recipient -- CHOICE Outstanding Academic Books for 2002, Association of College and Research Libraries, for American Economic Policy in the 1990s. The Graham Lecture, Princeton University, 1999. Who’s Who in Economics: A Biographical Dictionary of Major Economists 1700 to 1995, 3rd ed., James & Blaug, eds.; 4thed., Blaug & Vane, eds., 2003 (Edward Elgar Publ.) Who’s Who; Who’s Who in the World. Economists’ Hall of Fame Trading Prentiss Hall. Special 10th Annual Masayoshi Ohira Memorial Prize, Foundation for Advanced Information and Research, 1994. First Prize, AMEX Bank Review Awards, 1991. Alfred P. Sloan Research Fellowship, 1986-1988. National Science Foundation Fellowship, M.I.T., 1974-77. Phi Beta 1974. OUTSIDE GRANTS Principal Investigator, Grant on “Fiscal Forecast Bias and Fiscal Rules,” Smith Richardson Foundation, Supplement, 2015-2016. Principal Investigator, Grant on “Fiscal Forecast Bias and Fiscal Rules,” Smith Richardson Foundation, 2012-2014. Co-investigator, Grant on Global Aspects of the Financial Crisis and Great Recession, Sloan Foundation, via NBER, 2010-2012.
American Economic Policy in the 1990s, with Peter Orszag (MIT Press, Cambridge MA), 2002. Chinese edition (CITIC Publishing House of Beijing), 2004. Preventing Currency Crises in Emerging Markets, with Sebastian Edwards (University of Chicago Press, Chicago), 2002. The Regionalization of the World Economy (Univ. of Chicago Press, Chicago), 1997. The Microstructure of Foreign Exchange Markets, with Giampaolo Galli and Alberto Giovannini (University of Chicago Press, Chicago), 1996. The Internationalization of Equity Markets (University of Chicago Press, Chicago), 1994. Regionalism and Rivalry: Japan and the United States in Pacific Asia, with Miles Kahler, (University of Chicago Press, Chicago), 1993. International Policy Coordination in the 1990's (Sen Kyuhyaku Kyuzyunendaino Kokusai Seisaku Kyocho), with Akira Hattori, Dobunkan Press, Japan, 1992. MONOGRAPHS A Report for the Swedish Globalisation Council (Government of Sweden Stockholm), 2009. HKS . “Should Gold-Exporters Peg Their Currencies to Gold?” Research Study No. 29 (World Gold Council, London), 2002. “No Single Currency Regime is for All Countries or at All Times,” Essays in International Finance No. 215 (Princeton University Press: Princeton) 1999. Translated into Chinese in Economic Herald, 5-6, Sept.-Nov. 2000 (CITIC, Beijing). "Obstacles to International Macroeconomic Policy Coordination," Studies in International Finance, No. 64 (Princeton University Press: Princeton),1988. "The Dollar as an Irrational Speculative Bubble: A Tale of Fundamentalists and Chartists," with Ken Froot, The Marcus Wallenberg Papers on International Finance, Vol. 1, No. 1, International Law Institute: Washington, D.C., 1986. "Six Possible Meanings of `Overvaluation': The 1981-85 Dollar," Essays in International Finance No. 159 (Princeton University Princeton), 1985. Reprinted in The International Monetary System: Highlights from Fifty Years of Princeton's Essays in International Finance, edited by Peter Kenen (Westview Press: Boulder, CO), 1993.
"Why Do Interest Rates Differ Across Countries?" Academic Consultants Meeting, Board of Governors of the Federal Reserve System, April 1993. "The Truth About Risk Assessment," Chapter II in H.W.Brock, editor, Forecast and Risk Assessment, Strategic Economic Decisions, Inc., Menlo Park, Ca., January 1992. "Review of the Efficient Market Hypothesis -- a Verdict 20 Later," in H.W.Brock, ed., Forecast & Risk Assessment, Strategic Economic Decisions, Inc., Menlo Park, 1991. "Convertibility and the Crown," Institute of Economic Studies, Karlova University, Prague, August 17, 1990. UCB Ec.WP No. 91-159. "Interest Rate Effects of Bringing Down the Dollar," Testimony Before Committee on Banking, Finance and Urban Affairs, U.S. Congress, Nov. 7, 1985. OPINION COLUMNS "What Will Happen When President Trump Takes Office?" The Guardian, Nov. 11, 2016 “Lower Interest Rates Are Not the Demon of Populist Claims,” The Guardian, October 24, 2016. “Voting for a Better US Political System,” Korea Herald, September 26, 2016. “Trump’s Fiscal Follies,” Project Syndicate, August 19, 2016. "Brexit, Trump and Globalization's Have-nots," La Nacion, July 15; The Guardian July 20; and Chosun Ilbo, July 24, 2016. “Rediscovering Fiscal Policy at the G-7, Nikkei Asia Review, May 25, 2016. “The Domestic Threat to US Leadership,” Korea Herald, April 14, 2016. "Reckoning with Inequality in the US," Herald, March 27, 2016. "Who is Right on US Financial Reform?" Straits Times, Feb. 24, 2016. “China’s Slowdown,” VoxEU, Jan. 17, 2016.
“How to Address Inequality,” VoxEU, Apr. 29, 2014; and “The Oligarchy Fallacy,” Project Syndicate, Apr.22. "The ECB Should Do QE via FX," VoxEU, Mar. 24; and "Why the ECB Should Buy American," Project Syndicate, March 13, 2014. “Market Failure and Political Failure,” Project Syndicate, Feb. 11, 2014. "Absent America," Project Syndicate, Jan.24. Full version, “IMF Reform and Isolationism in the US Congress,” East Asia Forum, January 29, 2014. “The Dollar’s International Status,” Vox, December 6, 2013. "African Leaders' Eyes on the Project Syndicate, Oct. 15, 2013. Full version, Africa Policy Journal (Harvard University), April 2014. "Betting on the Tortoise in Japan," Project Syndicate, Sept.12, 2013. “Protectionist Clouds Darken Sunny Forecast for Solar Power, VoxEU, Aug. 7, 2013. "How Many European Recessions?" Project Syndicate, July 17, 2013. E.g., The Guardian. "All Quiet on the Currency Front," Project Syndicate, June 2013. “On Whose Research is the Case for Austerity Mistakenly Based?” Project Syndicate, May 20, 2013. “Fear of Fracking,” Project Syndicate, Apr. 16, 2013. “The Battle of the Bond Benchmarks,” Project Syndicate, Feb. 11, 2013. “Monetary Alchemy, Fiscal Science,” Vox, Jan.29, 2013. “Will Europe’s Fiscal Compact Work?” Project Syndicate, Jan. 18, 2013. “Time for Nominal Growth Targets,” Project Syndicate, Dec. 16, 2012. “Cuban Time Travel,” Project Syndicate, Nov. 22, 2012. E.g., Les Echoes. “Four Magic Tricks for Fiscal Conservatives,” Project Syndicate, Oct. 22, 2012. “Sex, Money, Red States and Blue States,” Vox, Oct.2, 2012. "Romney Rejects His Natural Voters," Project Syndicate, Sept. 19, 2012. "Obamacare Champions Personal Responsibility. The States that Hate It Don't," Christian Science Monitor, Sept. 6, 2012. "Flock of Black Swans," Project Syndicate, Aug. 20, 2012.
"The First World's Fiscal Follies," Project Syndicate, July 19, 2012. “Inflation Targeting is Dead. Long Live Nominal GDP Targeting,” Vox, June 19, 2012. “Could Eurobonds Help Solve the Euro Crisis?” Vox, June 14, 2012. “Which Eurobonds?" Project Syndicate, June 14, 2012. “The of Inflation Targeting,” Project Syndicate, May 16, 2012. “Budgetary Wishful Thinking,” Project Syndicate, April 12, 2012. Incl., Korea Herald. "China Adjusts," Project Syndicate, March 23, 2012. Incl., Sydney Morning Herald. "Did Obama Turn Around the Economy?" Project Syndicate, Feb. 20, 2012. "Will Emerging Markets Fall in 2012?" Project Syndicate, Jan. 20, 2012. Reprinted in Business & Management Journal vol.2, no.2, Jan. 2012, 119. “Escaping the Oil Curse,” Project Syndicate, Dec. 9, 2011. "How to Agree Emission Targets at Durban," with V. Bosetti, Vox, Nov. 28, 2011. “The Hour of the Technocrats,” Project Syndicate, Nov. 25, 2011. “Barrels, Bushels and Bonds: How Commodity Exporters Can Hedge Volatility,” Project Syndicate, Oct. 17, 2011. “Internationalization of the Renminbi: What Does History Tell Us About the Precedents?” in Perspectives from Around the World, Research Institute of Economy Trade & Industry, Japan, Oct. 2011. “Combating Agricultural Volatility,” Project Syndicate, June 27, 2011. “How Developing Nations Escaped Procyclical Fiscal Policy, Vox, June 23, 2011. “Who Should Lead the IMF?” Project Syndicate, May 27, 2011. E.g., FT Deutschland, Il Sole 24 Ore, China Daily. “The ECB’s Three Mistakes in the Greek Crisis and How to Get Sovereign Debt Right in the Future,” Vox, May 16, 2011.
"," Dec. 3, 2010, , Resources for the Future. “Big Ideas from Small Countries, Il Sole 24 Ore, and other Project Syndicate newspapers, Oct. 2010. Reprinted in Business & Management Journal, vol.2, no.1, Jan. 2012. “The G-20 Meeting in Korea,” East Asia Forum Quarterly, 2, no.4, Oct.-Dec. 2010, 25-6. “How to Achieve Success in Copenhagen,” East Asia Forum Quarterly, vol. I, no. 3, Oct.-Dec. 2009, pages 11-13. "." with V. Bosetti, Weekly Policy Commentary (: Washington DC), Oct. 12, 2009; reprinted in 100 Policy Commentaries on Environmental, Energy, Urban and Public Health Problems, edited by Ian Parry and Felicia Day. “The politically possible: How to achieve a successful Copenhagen,” Bulletin of the Atomic Scientists, October 2009. "Vox, July 2009. “The Euro at ten: Why do effects on trade between members appear smaller than historical estimates among smaller countries?” Vox, Dec 2008. "." CQ Global Researcher, vol. 2, no. 10, October 2008, p. 287. “An emerging consensus against the Paulson Plan: Government should force bank capital up, not just socialise the bad loans,” Vox, Sept. 2008. “Peg the Export Price,” Vox, July 2008. “UAE & Other Gulf Countries Urged to Switch Currency Peg from the Dollar to a Basket That Includes Oil,” Vox, July 2008. “Monetary policy and commodity prices,” Vox, May 2008. “An Explanation for Soaring Commodity Prices,” Vox, March 2008. “Comment: Real Rates Key to Commodity Prices,” Reuters.com, March 19, 2008. "," Vox, March 18, 2008. “Next Steps After the Kyoto Protocol: Formulas for Quantitative Emission Targets,” Vox , June 2007. “As a Budget Storm Gathers, Bush Ignores Fiscal Forecast,” The Forward, September 16-22, 2005. Translated into Japanese in SAPIO magazine, Oct. 12, 2005, Tokyo. “Why are Oil and Metal Prices High? Don’t Forget Low Interest Rates,” published as "Real Interest Rates Cast a Shadow Over Oil," Financial Times, April 15, 2005.