Joseph Gagnon

Peterson Institute

Senior Fellow

1750 Massachusetts Avenue, NW

Washington, DC 20036

United States

http://www.piie.com

SCHOLARLY PAPERS

37

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Top 6,318

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9,816

SSRN CITATIONS
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SSRN RANKINGS

Top 2,723

in Total Papers Citations

188

CROSSREF CITATIONS

295

Scholarly Papers (37)

1.

Large-Scale Asset Purchases by the Federal Reserve: Did They Work?

FRB of New York Staff Report No. 441
Number of pages: 43 Posted: 24 Mar 2010
Peterson Institute, affiliation not provided to SSRN, Federal Reserve Banks - Federal Reserve Bank of New York and Board of Governors of the Federal Reserve - Monetary and Financial Market Analysis Section
Downloads 1,855 (12,777)
Citation 65

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Term Premium, Portfolio Balance, Zero Bound, Monetary Policy, Duration, Bond Yield

2.

Preventing Deflation: Lessons from Japan's Experience in the 1990s

Number of pages: 64 Posted: 21 Jul 2003
National University of Ireland, Galway (NUIG) - Department of Economics, Peterson Institute, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Fudan University - Fanhai International School of Finance (FISF), Board of Governors of the Federal Reserve System and Johns Hopkins University - Department of Economics
Downloads 1,767 (13,834)
Citation 31

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Monetary policy, Taylor rule, fiscal policy

3.

What Can the Data Tell Us About Carry Trades in Japanese Yen?

FRB International Finance Discussion Paper No. 899
Number of pages: 36 Posted: 13 Aug 2007
Joseph Gagnon and Alain Chaboud
Peterson Institute and Board of Governors of the Federal Reserve System
Downloads 1,151 (26,332)
Citation 24

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foreign exchange, interest rate parity, hedge fund

4.

Monetary Policy and Exchange Rate Pass-Through

Number of pages: 35 Posted: 20 Aug 2001
Joseph Gagnon and Jane E. Ihrig
Peterson Institute and Board of Governors of the Federal Reserve System
Downloads 635 (59,486)
Citation 45

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Inflation targeting, Taylor rule

5.

Net Foreign Assets and Equilibrium Exchange Rates: Panel Evidence

Number of pages: 34 Posted: 09 Jan 1997
Joseph Gagnon
Peterson Institute
Downloads 526 (75,472)
Citation 16

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Exchange Rate Pass-Through to U.S. Import Prices: Some New Evidence

International Finance Discussion Paper No. 833
Posted: 06 Jul 2021 Last Revised: 03 Jul 2021
Board of Governors of the Federal Reserve System, Peterson Institute, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, affiliation not provided to SSRN, affiliation not provided to SSRN, Fudan University - Fanhai International School of Finance (FISF), Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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Exchange Rate Pass-Through to U.S. Import Prices: Some New Evidence

Number of pages: 67 Posted: 04 May 2005
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Peterson Institute, Federal Reserve Board - International Finance Division, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Fudan University - Fanhai International School of Finance (FISF)
Downloads 347 (121,680)
Citation 24

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external adjustment, U.S. current account, commodity prices, China

7.

Large-Scale Asset Purchases by the Federal Reserve: Did They Work?

Economic Policy Review, Vol. 17, No. 1, p. 41, May 2011
Number of pages: 19 Posted: 01 Nov 2011
Peterson Institute, affiliation not provided to SSRN, Federal Reserve Banks - Federal Reserve Bank of New York and Board of Governors of the Federal Reserve - Monetary and Financial Market Analysis Section
Downloads 262 (163,970)
Citation 255

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8.

Inflation Regimes and Inflation Expectations

Number of pages: 35 Posted: 18 Jun 1997
Joseph Gagnon
Peterson Institute
Downloads 262 (163,970)

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9.

International Coordination of Macroeconomic Policies: Still Alive in the New Millennium?

Number of pages: 48 Posted: 03 May 2002
Government of the United States of America - Division of Research and Statistics, Board of Governors of the Federal Reserve System, Peterson Institute and Federal Reserve Board
Downloads 254 (169,070)
Citation 9

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international policy coordination, cooperation, information exchange, monetary policy, fiscal policy, G-7, European economic and monetary union

Low Inflation Bends the Phillips Curve Around the World

Peterson Institute for International Economics Working Paper No. 20-6, 2020, MIT Sloan Research Paper No. 6101-20
Number of pages: 18 Posted: 27 May 2020
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Peterson Institute and Board of Governors of the Federal Reserve System
Downloads 215 (197,988)
Citation 8

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Economic Slack, Globalization, Output Gap, Price Dynamics

Low Inflation Bends the Phillips Curve Around the World

NBER Working Paper No. w29323
Number of pages: 23 Posted: 07 Oct 2021 Last Revised: 15 Aug 2022
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Peterson Institute and Morgan Stanley
Downloads 8 (842,805)
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Low Inflation Bends the Phillips Curve Around the World

CEPR Discussion Paper No. DP16583
Number of pages: 24 Posted: 09 Nov 2021
Morgan Stanley, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Peterson Institute
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economic slack, Globalization, monetary policy, Output gap, price dynamics

11.

Unconventional Monetary and Exchange Rate Policies

International Finance Discussion Paper No. 1194
Number of pages: 51 Posted: 24 Feb 2017 Last Revised: 23 Aug 2021
Peterson Institute, International Monetary Fund (IMF), Board of Governors of the Federal Reserve System, International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 216 (197,357)

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12.

Low Inflation Bends the Phillips Curve

Peterson Institute for International Economics Working Paper No. 19-6
Number of pages: 36 Posted: 03 May 2019 Last Revised: 05 Feb 2020
Joseph Gagnon and Christopher G Collins
Peterson Institute and Board of Governors of the Federal Reserve System
Downloads 203 (209,969)
Citation 4

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Non-accelerating inflation rate of unemployment (NAIRU), unemployment rate

13.

Long-Run Supply Effects and the Elasticities Approach to Trade

Number of pages: 23 Posted: 24 Mar 2003
Joseph Gagnon
Peterson Institute
Downloads 187 (224,816)
Citation 6

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import demand, income elasticity, international trade, product differentiation

Global Imbalances and Foreign Asset Expansion by Developing Economy Central Banks

Peterson Institute for International Economics Working Paper No. 12-5
Number of pages: 22 Posted: 26 Mar 2012
Joseph Gagnon
Peterson Institute
Downloads 145 (278,933)
Citation 17

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current account, foreign exchange reserves

Global Imbalances and Foreign Asset Expansion by Developing-Economy Central Banks

BIS Paper No. 66j
Number of pages: 18 Posted: 04 Jan 2013 Last Revised: 05 Oct 2013
Joseph Gagnon
Peterson Institute
Downloads 33 (627,591)

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current account, foreign exchange reserves

15.

Exchange Rate Pass-Through to Export Prices: Assessing Some Cross-Country Evidence

FRB International Finance Discussion Paper No. 902
Number of pages: 47 Posted: 24 Sep 2007
Robert J. Vigfusson, Nathan Sheets and Joseph Gagnon
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Peterson Institute
Downloads 175 (238,035)
Citation 15

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16.

Current Account Imbalances Coming Back

Peterson Institute for International Economics Working Paper No. 11-1
Number of pages: 35 Posted: 14 Jan 2011 Last Revised: 27 Jan 2011
Joseph Gagnon
Peterson Institute
Downloads 170 (243,930)
Citation 13

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exchange rate, official financial flows, sterilized intervention

17.

Effects of Consumption Taxes on Real Exchange Rates and Trade Balances

Peterson Institute for International Economics Working Paper No. 17-5
Number of pages: 29 Posted: 05 Apr 2017
Caroline Freund and Joseph Gagnon
Peterson Institute for International Economics and Peterson Institute
Downloads 164 (251,400)
Citation 8

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VAT, border tax adjustment, exchange rate adjustment, current account adjustment

18.

Low Inflation Bends the Phillips Curve Around the World: Extended Results

Peterson Institute for International Economics Working Paper No. 21-15
Number of pages: 23 Posted: 28 Sep 2021 Last Revised: 03 Nov 2021
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Peterson Institute and Board of Governors of the Federal Reserve System
Downloads 151 (269,002)

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economic slack, globalization, output gap, price dynamics

19.

The Effect of Exchange Rates on Prices, Wages, and Profits: A Case Study of the United Kingdom in the 1990s

Number of pages: 16 Posted: 06 Oct 2003
Joseph Gagnon
Peterson Institute
Downloads 140 (285,643)

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appreciation, depreciation, operating surplus, pass-through

20.

Growth-Led Exports: Is Variety the Spice of Trade?

Number of pages: 21 Posted: 01 Dec 2004
Joseph Gagnon
Peterson Institute
Downloads 116 (328,358)
Citation 1

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Export demand, international trade, product differentiation

21.

The Elephant Hiding in the Room: Currency Intervention and Trade Imbalances

Peterson Institute for International Economics Working Paper No. 13-2
Number of pages: 36 Posted: 24 Mar 2013 Last Revised: 27 Mar 2013
Joseph Gagnon
Peterson Institute
Downloads 108 (344,992)
Citation 15

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current account, financial flows, foreign exchange reserves

Productive Capacity, Product Varieties, and the Elasticities Approach to the Trade Balance

Number of pages: 41 Posted: 14 Nov 2003
Joseph Gagnon
Peterson Institute
Downloads 95 (378,038)
Citation 4

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import demand, income elasticity, international trade, product differentiation

Productive Capacity, Product Varieties, and the Elasticities Approach to the Trade Balance

Review of International Economics, Vol. 15, No. 4, pp. 639-659, September 2007
Number of pages: 21 Posted: 27 Aug 2007
Joseph Gagnon
Peterson Institute
Downloads 13 (790,739)
Citation 2

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23.

Currency Crashes and Bond Yields in Industrial Countries

FRB International Finance Discussion Paper No. 837
Number of pages: 43 Posted: 24 Aug 2005
Joseph Gagnon
Peterson Institute
Downloads 70 (447,905)
Citation 4

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Exchange rate, depreciation, interest rate, inflation

24.

Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies

IMF Working Paper No. 17/56
Number of pages: 53 Posted: 12 May 2017
Peterson Institute, International Monetary Fund (IMF), Board of Governors of the Federal Reserve System, International Monetary Fund (IMF) and Board of Governors of the Federal Reserve System
Downloads 62 (476,389)
Citation 3

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Foreign exchange intervention, current account balance, unconventional monetary policy, quantitative easing, General, General

25.

Central Bank Policy Sets the Lower Bound on Bond Yields

Peterson Institute for International Economics Working Paper No. 20-2, 2020
Number of pages: 15 Posted: 24 Mar 2020
Joseph Gagnon and Olivier Jeanne
Peterson Institute and Peterson Institute for International Economics
Downloads 59 (487,942)

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Negative Interest Rate, Quantitative Easing

26.

Predicting Sharp Depreciations in Industrial Country Exchange Rates

FRB International Finance Discussion Paper No. 881
Number of pages: 33 Posted: 26 Feb 2007
Jonathan H. Wright and Joseph Gagnon
Johns Hopkins University - Department of Economics and Peterson Institute
Downloads 58 (491,840)
Citation 2

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current account, forecasting

27.

German Unification: What Have We Learned from Multi-Country Models?

IMF Working Paper No. 96/43
Number of pages: 38 Posted: 15 Feb 2006
Joseph Gagnon, Paul R. Masson and Warwick J. McKibbin
Peterson Institute, International Monetary Fund (IMF) - Research Department and Australian National University
Downloads 53 (512,172)
Citation 1

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28.

Markup Adjustment and Exchange Rate Fluctuations: Evidence from Panel Data on Automobile Exports

NBER Working Paper No. w4123
Number of pages: 33 Posted: 03 Jul 2007 Last Revised: 09 Apr 2022
Joseph Gagnon and Michael M. Knetter
Peterson Institute and Wisconsin School of Business
Downloads 49 (529,804)

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29.

Market Share and Exchange Rate Pass-Through in World Automobile Trade

NBER Working Paper No. w4399
Number of pages: 32 Posted: 17 Oct 2007 Last Revised: 09 Jan 2022
University of California, Davis - Department of Economics, Peterson Institute and Wisconsin School of Business
Downloads 45 (548,463)
Citation 6

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Official Financial Flows, Capital Mobility, and Global Imbalances

IMF Working Paper No. 14/199
Number of pages: 46 Posted: 22 Nov 2014
Tamim Bayoumi, Joseph Gagnon and Christian Saborowski
International Monetary Fund (IMF), Peterson Institute and International Monetary Fund (IMF)
Downloads 28 (661,680)

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Capital flows, Foreign exchange reserves, Current account balances, Foreign exchange intervention, Cross country analysis, Regression analysis, reserve accumulation, capital mobility, official flows, current accounts, private flows, capital controls, current account deficit, capital outflows, international capital, balance of payments, private investors, international capital flows, current account surplus, current account deficits, capital stock, current account adjustment, global current account, current account surpluses, capital markets, central bank, foreign capital, reserve assets, private capital flows, central banks, public debt, cross-border financial flows, reserve currency, reserv

Official Financial Flows, Capital Mobility, and Global Imbalances

Peterson Institute for International Economics Working Paper No. 14-8
Number of pages: 39 Posted: 23 Oct 2014
Tamim Bayoumi, Joseph Gagnon and Christian Saborowski
International Monetary Fund (IMF), Peterson Institute and International Monetary Fund (IMF)
Downloads 15 (771,327)
Citation 11

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reserve accumulation, intervention, capital mobility

31.

Nominal Interest Rate Pegging Under Alternative Expectations Hypotheses

IMF Working Paper No. 88/94
Number of pages: 54 Posted: 15 Feb 2006
Joseph Gagnon and Dale W. Henderson
Peterson Institute and Federal Reserve Board
Downloads 40 (573,544)
Citation 2

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32.

Do Governments Drive Global Trade Imbalances?

Peterson Institute for International Economics Working Paper No. 17-15
Number of pages: 26 Posted: 12 Jan 2018 Last Revised: 27 Sep 2018
Joseph Gagnon
Peterson Institute
Downloads 37 (589,426)
Citation 2

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current account balance; fiscal balance; foreign exchange intervention

33.

Dollar not so dominant: Dollar invoicing has only a small effect on trade prices

Peterson Institute for International Economics Working Paper No. 21-16
Number of pages: 26 Posted: 14 Dec 2021
Joseph Gagnon and Madi Sarsenbayev
Peterson Institute and affiliation not provided to SSRN
Downloads 28 (643,938)

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Exchange rate pass-through, pricing to market, dominant currency paradigm, local currency pricing, producer currency pricing

34.

Currency Crashes in Industrial Countries: Much Ado About Nothing?

FRB International Finance Discussion Paper No. 966
Number of pages: 61 Posted: 13 Mar 2009
Joseph Gagnon
Peterson Institute
Downloads 25 (664,977)
Citation 1

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Exchange rate, depreciation, inflation, unemployment, current account

35.

Fiscal and exchange rate policies drive trade imbalances: New estimates

Peterson Institute for International Economics Working Paper No. 21-4
Number of pages: 37 Posted: 24 Mar 2021
Madi Sarsenbayev and Joseph Gagnon
affiliation not provided to SSRN and Peterson Institute
Downloads 23 (679,849)

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current account balance; fiscal balance; foreign exchange intervention

36.

How Pervasive is the Product Cycle? The Empirical Dynamics of American and Japanese Trade Flows

NBER Working Paper No. w3946
Number of pages: 29 Posted: 15 Jan 2007 Last Revised: 15 Apr 2022
Peterson Institute and NUS Business SchoolUniversity of California - Haas School of Business
Downloads 23 (679,849)

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37.

Exchange Rate Passthrough to Export Prices: Assessing Cross-Country Evidence

Review of International Economics, Vol. 17, Issue 1, pp. 17-33, February 2009
Number of pages: 17 Posted: 27 Apr 2009
Robert J. Vigfusson, Nathan Sheets and Joseph Gagnon
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Peterson Institute
Downloads 3 (865,816)
Citation 2

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