Jay Shambaugh

Dartmouth College - Department of Economics

309 Rockefeller Hall

Hanover, NH 03755

United States

http://www.dartmouth.edu/~economic/faculty/Shambaugh/

Georgetown University - Department of Strategy/Economics/Ethics/Public Policy

Visiting Associate Professor

Washington, DC 20057

United States

SCHOLARLY PAPERS

15

DOWNLOADS
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Top 34,170

in Total Papers Downloads

980

CITATIONS
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SSRN RANKINGS

Top 1,914

in Total Papers Citations

292

Scholarly Papers (15)

The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime

IMF Working Paper No. 06/37, IIIS Discussion Paper No. 116
Number of pages: 46 Posted: 23 Mar 2006
Julian di Giovanni and Jay Shambaugh
Universitat Pompeu Fabra - Department of Economics and Business and Dartmouth College - Department of Economics
Downloads 308 (76,730)
Citation 9

Abstract:

Exchange rate regime, international transmission, interest rates

The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime

NBER Working Paper No. w13467
Number of pages: 46 Posted: 15 Oct 2007
Julian di Giovanni and Jay Shambaugh
Universitat Pompeu Fabra - Department of Economics and Business and Dartmouth College - Department of Economics
Downloads 20 (444,003)
Citation 9

Abstract:

Financial Stability, the Trilemma, and International Reserves

NBER Working Paper No. w14217
Number of pages: 48 Posted: 18 Aug 2008
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley - Department of Economics, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 87 (236,350)
Citation 49

Abstract:

Financial Stability, the Trilemma, and International Reserves

CEPR Discussion Paper No. DP6693
Number of pages: 47 Posted: 09 Jun 2008
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley - Department of Economics, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 7 (517,331)
Citation 49
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Abstract:

banking crises, capital flight, central banks, exchange rate regimes, financial development, foreign exchange, global imbalances, Guidotti-Greenspan rule, international liquidity, intervention, lender of last resort, net foreign assets, sterilization, sudden stop

3.

The Trilemma in History: Tradeoffs Among Exchange Rates, Monetary Policies, and Capital Mobility

NBER Working Paper No. w10396
Number of pages: 41 Posted: 10 May 2004
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley - Department of Economics, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 83 (224,682)
Citation 44

Abstract:

4.

Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008

NBER Working Paper No. w14826
Number of pages: 23 Posted: 29 Mar 2009
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley - Department of Economics, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 82 (236,131)
Citation 22

Abstract:

Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period

NBER Working Paper No. w10393
Number of pages: 43 Posted: 13 May 2004
Maurice Obstfeld, Alan M. Taylor and Jay Shambaugh
University of California, Berkeley - Department of Economics, University of California, Davis - Department of Economics and Dartmouth College - Department of Economics
Downloads 50 (320,629)
Citation 13

Abstract:

Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period

CEPR Discussion Paper No. 4353
Number of pages: 45 Posted: 18 May 2004
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley - Department of Economics, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 19 (449,833)
Citation 13
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Abstract:

Trilemma, exchange rates, monetary policy

6.

The Evolution of Current Account Deficits in the Euro Area Periphery and the Baltics: Many Paths to the Same Endpoint

IMF Working Paper No. 13/169
Number of pages: 24 Posted: 08 Aug 2013
Joong Shik Kang and Jay Shambaugh
International Monetary Fund (IMF) and Dartmouth College - Department of Economics
Downloads 63 (231,150)
Citation 1

Abstract:

Current account deficits, Euro Area, Greece, Portugal, Spain, Ireland, Baltics, Exports, Imports, Cross country analysis, current account deficit, transfer, income balance, competitiveness, domestic boom, export performance, current account, merchandise export, reer, export market, current account deficits, export market share, export sector, export growth, service exports, capital flows, merchandise exports, unit labor costs, export volume, trade surplus, export market shares, exporters, export markets, export share, currency risk, increased exports, export goods, domestic growth, export sectors, rapid export growth, global competitiveness, current account balance, current account deficit

7.

Fixed Exchange Rates and Trade

NBER Working Paper No. w10696
Number of pages: 42 Posted: 10 Sep 2004
Michael W. Klein and Jay Shambaugh
Tufts University - The Fletcher School of Law and Diplomacy and Dartmouth College - Department of Economics
Downloads 53 (299,362)
Citation 20

Abstract:

Financial Exchange Rates and International Currency Exposures

NBER Working Paper No. w13433
Number of pages: 58 Posted: 24 Sep 2007
Philip R. Lane and Jay Shambaugh
Trinity College (Dublin) - Department of Economics and Dartmouth College - Department of Economics
Downloads 28 (401,079)
Citation 77

Abstract:

Financial Exchange Rates and International Currency Exposures

CEPR Discussion Paper No. DP6473
Number of pages: 61 Posted: 30 May 2008
Philip R. Lane and Jay Shambaugh
Trinity College (Dublin) - Department of Economics and Dartmouth College - Department of Economics
Downloads 4 (532,446)
Citation 77
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Abstract:

capital flows, external assets and liabilities, Financial integration

Financial Exchange Rates and International Currency Exposures

Bundesbank Series 1 Discussion Paper No. 2008,22
Number of pages: 64 Posted: 08 Jun 2016
Philip R. Lane and Jay Shambaugh
Trinity College (Dublin) - Department of Economics and Dartmouth College - Department of Economics
Downloads 4 (532,446)
Citation 77

Abstract:

Financial integration, capital flows, external assets and liabilities

9.

The Nature of Exchange Rate Regimes

NBER Working Paper No. w12729
Number of pages: 47 Posted: 06 Dec 2006
Michael W. Klein and Jay Shambaugh
Tufts University - The Fletcher School of Law and Diplomacy and Dartmouth College - Department of Economics
Downloads 25 (386,163)
Citation 7

Abstract:

The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets

NBER Working Paper No. w14909
Number of pages: 44 Posted: 29 Apr 2009
Philip R. Lane and Jay Shambaugh
Trinity College (Dublin) - Department of Economics and Dartmouth College - Department of Economics
Downloads 17 (461,164)
Citation 12

Abstract:

The Long or Short of It: Determinants of Foreign Currency Exposure in External Balance Sheets

CEPR Discussion Paper No. DP6887
Number of pages: 41 Posted: 20 Aug 2008
Philip R. Lane and Jay Shambaugh
Trinity College (Dublin) - Department of Economics and Dartmouth College - Department of Economics
Downloads 2 (543,950)
Citation 12
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Abstract:

exchange rates, Financial globalization, international portfolios

11.

Progress Towards External Adjustment in the Euro Area Periphery and the Baltics

IMF Working Paper No. 14/131
Number of pages: 32 Posted: 14 Aug 2014
Joong Shik Kang and Jay Shambaugh
International Monetary Fund (IMF) and Dartmouth College - Department of Economics
Downloads 18 (374,049)

Abstract:

Current account deficits, Euro Area, Baltics, Price adjustments, Unit labor cost, Wage adjustments, Unemployment, Current account deficit, Internal devaluation, Competitiveness, current account, employment, unemployment rates, current account balances, recession, current account adjustment, high unemployment rates, unemployment rate, high unemployment, current account imbalances, labor market, labor productivity, full employment, balance of payment, employment decline, labor force, employment growth, labor force survey, number of employees, current account adjustments, employment losses, employment data, equilibrium unemployment, balance of payment statistics

12.

The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility

CEPR Discussion Paper No. 4352
Number of pages: 45 Posted: 18 May 2004
Maurice Obstfeld, Jay Shambaugh and Alan M. Taylor
University of California, Berkeley - Department of Economics, Dartmouth College - Department of Economics and University of California, Davis - Department of Economics
Downloads 17 (444,671)
Citation 36
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Abstract:

Trilemma, exchange rates, monetary policy

13.

Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks

NBER Working Paper No. w15113
Number of pages: 30 Posted: 30 Jun 2009
James Feyrer and Jay Shambaugh
Dartmouth College - Department of Economics and Dartmouth College - Department of Economics
Downloads 11 (454,829)
Citation 4

Abstract:

International Currency Exposures, Valuation Effects, and the Global Financial Crisis

NBER Working Paper No. w20820
Number of pages: 50 Posted: 12 Jan 2015
Trinity College (Dublin), Trinity College (Dublin) - Department of Economics and Dartmouth College - Department of Economics
Downloads 6 (522,457)
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Abstract:

International Currency Exposures, Valuation Effects and the Global Financial Crisis

CEPR Discussion Paper No. DP10325
Number of pages: 51 Posted: 23 Jan 2015
Trinity College (Dublin), Trinity College (Dublin) - Department of Economics and Dartmouth College - Department of Economics
Downloads 0
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Abstract:

global financial crisis, international currency exposures, valuation effects

15.

Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy

NBER Working Paper No. w19461
Number of pages: 41 Posted: 21 Sep 2013
Michael W. Klein and Jay Shambaugh
Tufts University - The Fletcher School of Law and Diplomacy and Dartmouth College - Department of Economics
Downloads 4 (475,338)

Abstract: