Publications on Exchange Rates & Regimes

“Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes,” with Yao Hou and Danxia Xie, NBER Working Paper No. 32644, July; June 2024. CID Working Papers 429. 

“The Impact of Exchange Rate Regimes on Economic Growth with Continuous Classification of de facto Regimes,” with Xiaonan Ma and Danxia Xie, April 2019, Tsinghua University.

"Systematic Managed Floating," 2019, Open Economies Review, April, vol 30, no.2 pp.255-295.  Reprinted, 2021, in The Asian Monetary Policy Forum: Insights for Central Banking (World Scientific Publishing Co Pte Ltd,, Singapore).   NBER WP 23663; HKS RWP17-025,.

"The Currency-Plus-Commodity Basket: An Exchange Rate Proposal to Make Monetary Policy Countercyclical in Oil Exporting Countries,” 2019, in Institutions and Macroeconomic Policies in Resource-Rich Arab Economies, edited by K.Mohaddes, J.Nugent, and Hoda Selim (Oxford University Press).  A project for the Economic Research Forum, Cairo, Egypt. 

“A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America," 2011, Economia, vol.12, no.1 (journal of LACEA, Brookings & LSE): 1-57. CID WP 225, 2011; NBER WP 16362.    

“Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes,” with Daniel Xie, American Economic Review, Papers & Proceedings, 100, May 2010, pp. 568-72.  HKS RWP 10-005; NBER WP No. 15620; PIIE Working Paper 10-1.

More Topics 

Exchange Rate Policies for Emerging Markets

Fixed vs. Floating Exchange Rate Regimes

Other Exchange Rate Publications

Proposals for Product Price Targeting and Peg the Export Price