Chris Otrok

University of Missouri

Professor

118 Professional Building

Columbia, MO 65211

United States

Federal Reserve Banks - Federal Reserve Bank of St. Louis

411 Locust St

Saint Louis, MO 63011

United States

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 13,618

SSRN RANKINGS

Top 13,618

in Total Papers Downloads

3,848

SSRN CITATIONS
Rank 751

SSRN RANKINGS

Top 751

in Total Papers Citations

492

CROSSREF CITATIONS

822

Scholarly Papers (27)

1.

Dynamic Factor Models with Time-Varying Parameters: Measuring Changes in International Business Cycles

FRB of New York Staff Report No. 326
Number of pages: 46 Posted: 22 May 2008
Marco Del Negro and Chris Otrok
Federal Reserve Bank of New York and University of Missouri
Downloads 643 (44,270)
Citation 77

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Bayesian factor models, time-varying parameters, Great Moderation, international business cycles

2.

International Business Cycles: World, Region, and Country-Specific Factors

Number of pages: 31 Posted: 25 Apr 2000
World Bank, University of Missouri and Pennsylvania State University - Smeal College of Business
Downloads 612 (47,216)
Citation 59

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3.

Monetary Policy and the House Price Boom Across U.S. States

FRB of Atlanta Working Paper No. 2005-24
Number of pages: 31 Posted: 03 Nov 2005
Marco Del Negro and Chris Otrok
Federal Reserve Bank of New York and University of Missouri
Downloads 420 (75,606)
Citation 9

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housing, monetary policy, Bayesian analysis

4.
Downloads 387 ( 83,123)
Citation 91

Global Business Cycles: Convergence or Decoupling?

IZA Working Paper No. 3442
Number of pages: 53 Posted: 23 May 2008
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 184 (178,924)
Citation 1

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globalization, business cycles, macroeconomic fluctuations, convergence, decoupling

Global Business Cycles: Convergence or Decoupling?

Number of pages: 51 Posted: 06 Apr 2008
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 122 (251,844)
Citation 1

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Globalization, Business cycles, Macroeconomic fluctuations, Convergence, Decoupling

Global Business Cycles: Convergence or Decoupling?

IMF Working Paper No. 08/143
Number of pages: 50 Posted: 21 Sep 2009
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 48 (436,594)
Citation 2

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Business cycles, Globalization, Developed countries, Developing countries, Spillovers, Economic conditions, Economic integration

Global Business Cycles: Convergence or Decoupling?

NBER Working Paper No. w14292
Number of pages: 53 Posted: 08 Oct 2008 Last Revised: 22 Jul 2010
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 19 (592,882)

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Global Business Cycles: Convergence or Decoupling?

Bundesbank Series 1 Discussion Paper No. 2008,17
Number of pages: 76 Posted: 08 Jun 2016
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 12 (644,285)
Citation 1

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Globalization, Business cycles, Macroeconomic fluctuations, Convergence, Decoupling

Global Business Cycles: Convergence or Decoupling?

International Economic Review, Vol. 53, Issue 2, pp. 511-538, 2012
Number of pages: 28 Posted: 23 May 2012
M. Ayhan Kose, Chris Otrok and Eswar S. Prasad
World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 2 (727,413)
Citation 17
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5.
Downloads 303 (109,469)
Citation 5

Regionalization vs. Globalization

CAMA Working Paper 09/2013
Number of pages: 64 Posted: 19 Jul 2013
Hideaki Hirata, M. Ayhan Kose and Chris Otrok
Hosei University, World Bank and University of Missouri
Downloads 172 (190,009)

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Business cycles, Comovement, Synchronization, Trade linkages, Financial linkages

Regionalization vs. Globalization

FRB of St. Louis Working Paper No. 2013-002A
Number of pages: 67 Posted: 08 Jan 2013
Hideaki Hirata, M. Ayhan Kose and Chris Otrok
Hosei University, World Bank and University of Missouri
Downloads 80 (335,089)
Citation 3

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business cycles, comovement, synchronization, trade linkages, financial linkages

Regionalization vs. Globalization

IMF Working Paper No. 13/19
Number of pages: 66 Posted: 22 Feb 2013
Hideaki Hirata, M. Ayhan Kose and Chris Otrok
Hosei University, World Bank and University of Missouri
Downloads 51 (425,064)

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Bilateral trade, Business cycles, Comovement, Cross country analysis, Economic models, Financial linkages, Globalization, Synchronization, Time series, Trade linkages

6.
Downloads 207 (160,706)
Citation 2

Optimal Policy for Macro-Financial Stability

IDB Working Paper No. IDB-WP-361
Number of pages: 55 Posted: 21 Apr 2013
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and Inter-American Development Bank (IDB)
Downloads 127 (244,208)

Abstract:

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Optimal Policy for Macro-Financial Stability

FRB of St. Louis Working Paper No. 2012-041A
Number of pages: 49 Posted: 20 Oct 2012
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 33 (504,574)

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Capital Controls, Exchange Rate Policy, Financial Frictions, Financial Crises, Macro-Financial Stability, Macro-Prudential Policies

Optimal Policy for Macro-Financial Stability

Number of pages: 34 Posted: 11 Aug 2019 Last Revised: 20 Feb 2020
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 31 (515,161)

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Constrained efficiency, Financial crises, Macroprudential policies and capital controls, Pecuniary externalities, Ramsey optimal policy, Social planner

Optimal Policy for Macro-Financial Stability

FRB of New York Staff Report No. 899, October 2019
Number of pages: 26 Posted: 21 Oct 2019
London School of Economics & Political Science (LSE) - Department of Economics, Uber Technologies, Inc., University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 12 (644,285)

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constrained efficiency, financial crises, macroprudential policies and capital controls, pecuniary externalities, Ramsey optimal policy, social planner

Optimal Policy for Macro-Financial Stability

CEPR Discussion Paper No. DP9223
Number of pages: 41 Posted: 01 Feb 2013
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 2 (727,413)
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Bailouts, Capital Controls, Exchange Rate Policy, Financial Crises, Financial Frictions, Macro-Financial Stability, Macro-Prudential Policies

Optimal Policy for Macro-Financial Stability

NBER Working Paper No. w26397
Number of pages: 27 Posted: 30 Oct 2019
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 2 (727,413)
Citation 1
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7.

Understanding the Evolution of World Business Cycles

IMF Working Paper No. 05/211
Number of pages: 36 Posted: 03 Mar 2006
World Bank, University of Missouri and Pennsylvania State University - Smeal College of Business
Downloads 197 (168,264)
Citation 16

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International business cycles, globalization, transmission of macroeconomic fluctuations

News Shocks and the Slope of the Term Structure of Interest Rates

CIRPEE Working Paper 10-05
Number of pages: 42 Posted: 11 Feb 2010
André Kurmann and Chris Otrok
Drexel University - LeBow College of Business and University of Missouri
Downloads 101 (288,535)
Citation 8

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Term structure of interest rates, news, productivity shocks, business cycles, monetary policy

News Shocks and the Slope of the Term Structure of Interest Rates

Federal Reserve Bank of St. Louis Working Paper No. 2012-011B
Number of pages: 28 Posted: 12 Apr 2012 Last Revised: 07 Dec 2012
André Kurmann and Chris Otrok
Drexel University - LeBow College of Business and University of Missouri
Downloads 74 (350,820)
Citation 15

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News Shocks, Term Structure, Vector Autoregression (VAR)

Capital Controls or Real Exchange Rate Policy? A Pecuniary Externality Perspective

IDB Working Paper No. IDB-WP-393
Number of pages: 33 Posted: 06 Jun 2013
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, Johns Hopkins University - Carey Business School, University of Missouri and Inter-American Development Bank (IDB)
Downloads 94 (302,563)
Citation 5

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Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective

FRB of St. Louis Working Paper No. 2012-025A
Number of pages: 27 Posted: 02 Aug 2012
London School of Economics & Political Science (LSE) - Department of Economics, University of Missouri, Johns Hopkins University - Carey Business School, University of Virginia and MarketShare Partners
Downloads 56 (406,858)
Citation 9

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Capital Controls, Exchange Rate Policy, Financial Frictions, Financial Crises, Financial Stability, Optimal Taxation, Prudential Policies, Planning Problem

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime Switching Approach

Number of pages: 70 Posted: 28 Oct 2019 Last Revised: 27 Mar 2020
London School of Economics & Political Science (LSE) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
Downloads 108 (275,294)
Citation 4

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COVID-19, Financial Crises, Business Cycles, Endogenous Regime-Switching, Bayesian Estimation, Occasionally Binding Constraints, Mexico

Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach

NBER Working Paper No. w26935
Number of pages: 72 Posted: 06 Apr 2020
London School of Economics & Political Science (LSE) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
Downloads 4 (706,680)
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Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach

CEPR Discussion Paper No. DP14545
Number of pages: 75 Posted: 08 May 2020
London School of Economics & Political Science (LSE) - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of San Francisco, University of Missouri and Johns Hopkins University - Carey Business School
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Bayesian estimation, business cycles, Endogenous Regime-Switching, financial crises, Mexico, occasionally binding constraints

Global House Price Fluctuations: Synchronization and Determinants

IMF Working Paper No. 13/38
Number of pages: 48 Posted: 22 Feb 2013
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 65 (376,919)
Citation 1

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Asset prices, Business cycles, Developed countries, Housing prices, Time series, business cycles, central bank, contractionary monetary policy, exchange rates, financial cycles, financial integration, financial intermediation, financial markets, global financial crisis, global financial markets, global liquidity, global real estate, globalization, globalization period, globalization periods, inflation, interest rates, international financial, international financial markets, long-term interest rates, monetary economics, monetary fund, monetary policy, monetary policy decisions, monetary shock, monetary shocks, transmission of monetary policy

Global House Price Fluctuations: Synchronization and Determinants

CAMA Working Paper 07/2013
Number of pages: 46 Posted: 19 Jul 2013
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 29 (526,631)
Citation 3

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Monetary policy, interest rates, business cycles, financial cycles

Global House Price Fluctuations: Synchronization and Determinants

NBER Working Paper No. w18362
Number of pages: 44 Posted: 08 Sep 2012
Hosei University, World Bank, University of Missouri and International Monetary Fund (IMF)
Downloads 11 (651,842)
Citation 11

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12.
Downloads 99 (290,511)
Citation 71

Financial Crises and Macro-Prudential Policies

IDB Working Paper No. 83
Number of pages: 49 Posted: 25 Apr 2011
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and Inter-American Development Bank (IDB)
Downloads 93 (304,703)
Citation 82

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Financial Crisis and Macro-Prudential Policies

CEPR Discussion Paper No. DP8175
Number of pages: 53 Posted: 18 Jan 2011
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 6 (690,444)
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Bailouts, Capital Controls, Crises, Financial Frictions, Macro Prudential Policies, Overborrowing

13.

Do Credit Shocks Matter? A Global Perspective

IMF Working Paper No. 10/261
Number of pages: 38 Posted: 01 Feb 2011
International Monetary Fund (IMF) - Middle East and Central Asia Department, affiliation not provided to SSRN, World Bank and University of Missouri
Downloads 73 (349,706)
Citation 10

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Business cycles, Capital markets, Credit, Cross country analysis, Economic models, Economic recession, External shocks, Group of seven, Time series, United States

14.

Specification and Estimation of Bayesian Dynamic Factor Models: A Monte Carlo Analysis with an Application to Global House Price Comovement

FRB St. Louis Working Paper No. 2015-31
Number of pages: 46 Posted: 20 Oct 2015 Last Revised: 03 Jan 2019
Bentley University - Department of Economics, World Bank, University of Missouri and Federal Reserve Bank of St. Louis - Research Division
Downloads 58 (393,997)
Citation 5

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principal components, Kalman filter, data augmentation, business cycles

15.

Credit Shocks and Macroeconomic Fluctuations in Emerging Markets

CESifo Working Paper Series No. 4281
Number of pages: 30 Posted: 26 Jun 2013
Romain Houssa, Jolan Mohimont and Chris Otrok
CRED & CEREFIM, University of Namur, National Bank of Belgium and University of Missouri
Downloads 57 (397,329)
Citation 1

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credit shocks, developing countries, macroeconomic stabilization policies, sign restrictions, Bayesian VAR

16.

The Rational Expectations Hypothesis of the Term Structure, Monetary Policy, and Time-Varying Term Premia

FRB Richmond Economic Quarterly, vol. 81, no. 1, Winter 1995, pp. 65-81
Number of pages: 17 Posted: 15 Nov 2012
Michael Dotsey and Chris Otrok
Federal Reserve Bank of Philadelphia and University of Missouri
Downloads 53 (410,889)

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17.
Downloads 45 (440,426)
Citation 13

Revisiting Overborrowing and its Policy Implications

IDB Working Paper No. 60
Number of pages: 43 Posted: 21 Apr 2011
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 41 (466,142)
Citation 15

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Revisiting Overborrowing and its Policy Implications

CEPR Discussion Paper No. DP7872
Number of pages: 45 Posted: 19 Jul 2010
London School of Economics & Political Science (LSE) - Department of Economics, International Monetary Fund (IMF), University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 4 (706,680)
Citation 1
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Bailouts, Financial Frictions, Macro Prudential Policies, Overborrowing

18.

What are the Driving Forces of International Business Cycles?

NBER Working Paper No. w14380
Number of pages: 41 Posted: 08 Oct 2008 Last Revised: 03 Nov 2010
Mario J. Crucini, M. Ayhan Kose and Chris Otrok
Vanderbilt University - College of Arts and Science - Department of Economics, World Bank and University of Missouri
Downloads 37 (473,919)
Citation 4

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19.

M2 and Monetary Policy: A Critical Review of the Recent Debate

FRB Richmond Economic Quarterly, vol. 80, no. 1, Winter 1994, pp. 41-59
Number of pages: 19 Posted: 14 Nov 2012
Michael Dotsey and Chris Otrok
Federal Reserve Bank of Philadelphia and University of Missouri
Downloads 24 (541,500)

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Global Macro-Financial Cycles and Spillovers

CAMA Working Paper No. 12/2020
Number of pages: 82 Posted: 19 Feb 2020
World Bank, World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 17 (607,122)

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global business cycles, global financial cycles, common shocks, international spillovers, dynamic factor models

Global Macro-Financial Cycles and Spillovers

IZA Discussion Paper No. 13000
Number of pages: 82 Posted: 02 Mar 2020
World Bank, World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 3 (715,894)

Abstract:

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global business cycles, global financial cycles, common shocks, international spillovers, dynamic factor models

Global Macro-Financial Cycles and Spillovers

NBER Working Paper No. w26798
Number of pages: 81 Posted: 02 Mar 2020
World Bank, World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 2 (727,413)
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Global Macro-Financial Cycles and Spillovers

CEPR Discussion Paper No. DP14404
Number of pages: 83 Posted: 03 Mar 2020
World Bank, World Bank, University of Missouri and Cornell University - Dyson School of Applied Economics and Management
Downloads 0
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Common Shocks, Dynamic factor models, Global business cycles, global financial cycles, International spillovers

21.

A Model for International Spillovers to Emerging Markets

CESifo Working Paper No. 7702
Number of pages: 66 Posted: 12 Jul 2019 Last Revised: 23 Jul 2019
Romain Houssa, Jolan Mohimont and Chris Otrok
University of Namur, National Bank of Belgium and University of Missouri
Downloads 17 (585,869)

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macroeconomic policies, emerging markets, SOE, DSGE, Bayesian, foreign shocks, monetary policy

22.

The Sources of Business Cycles in a Low Income Country

IMF Working Paper No. 15/40
Number of pages: 35 Posted: 26 Mar 2015
Romain Houssa, Jolan Mohimont and Chris Otrok
CRED & CEREFIM, University of Namur, National Bank of Belgium and University of Missouri
Downloads 17 (585,869)

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Business cycles, Ghana, South Africa, External shocks, Commodity price shocks, Regional shocks, Low-income developing countries, Cross country analysis, Vector autoregression, Econometric models, Credit Shocks, Macroeconomic Stabilization Policies, Sign Restrictions, Bayesian VAR., productivity

23.

Forecasting the Effects of Reduced Defense Spending

FRB Richmond Economic Review, Vol. 78, No. 6, November/December 1992, pp. 3-11
Number of pages: 9 Posted: 07 Nov 2012
Peter N. Ireland and Chris Otrok
Boston College - Department of Economics and University of Missouri
Downloads 15 (598,907)

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24.

Tax Progressivity, Economic Booms, and Trickle-Up Economics

FRB St. Louis Working Paper No. 2019-34
Number of pages: 35 Posted: 27 Nov 2019 Last Revised: 08 Apr 2020
Bentley University - Department of Economics, University of Missouri and Federal Reserve Bank of St. Louis - Research Division
Downloads 12 (619,532)

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Taxes, Gini coefficient, income and consumption inequality

Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

NBER Working Paper No. w22224
Number of pages: 65 Posted: 09 May 2016
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 8 (674,848)
Citation 1

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Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective

CEPR Discussion Paper No. DP9936
Number of pages: 56 Posted: 02 Jun 2014
London School of Economics & Political Science (LSE) - Department of Economics, MarketShare Partners, University of Missouri, Johns Hopkins University - Carey Business School and University of Virginia
Downloads 0
Citation 22
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Capital Controls, Financial Crises, Financial Frictions, Macro-prudential policies, Pecuniary Externality, Real Exchange Rate

26.

Sources of Business Cycles in a Low Income Country

Pacific Economic Review, Vol. 20, Issue 1, pp. 125-148, 2015
Number of pages: 24 Posted: 21 Feb 2015
Romain Houssa, Jolan Mohimont and Chris Otrok
CRED & CEREFIM, University of Namur, National Bank of Belgium and University of Missouri
Downloads 0 (725,521)
Citation 2
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27.

Baynesian Leading Indicators: Measuring and Predicting Economic Conditions

Posted: 11 Nov 1996
Chris Otrok and Charles H. Whiteman
University of Missouri and Pennsylvania State University - Smeal College of Business

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