Peter J. Montiel

Williams College - Department of Economics

Fred Greene Third Century Professor of Political Economy

Fernald House

Office: Fernald 14

Williamstown, MA 01267

United States

http://www.williams.edu/Economics/faculty/montiel.htm

  • Williams College - Department of Economics

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SCHOLARLY PAPERS

47

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Scholarly Papers (47)

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1.

Do Workers' Remittances Promote Economic Growth?

IMF Working Paper No. 09/153
Number of pages: 23 Posted: 04 Aug 2009
Adolfo Barajas, Ralph Chami, Connel Fullenkamp, Michael Gapen and Peter J. Montiel
International Monetary Fund (IMF) - Western Hemisphere Department, International Monetary Fund (IMF), Duke University - Department of Economics, International Monetary Fund (IMF) - International Capital Markets Department and Williams College - Department of Economics
Downloads 1,706 (10,494)
Citation 1

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Capital accumulation, Capital flows, Developing countries, Economic growth, Foreign labor, Labor markets, Migration, Poverty reduction, Private capital flows, Transfers of foreigners income, Welfare, Workers remittances

2.

The Transmission Mechanism for Monetary Policy in Developing Countries

IMF Working Paper No. 90/47
Number of pages: 30 Posted: 15 Feb 2006
Peter J. Montiel
Williams College - Department of Economics
Downloads 573 (51,004)
Citation 2

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3.

Remittances and Institutions: Are Remittances a Curse?

IMF Working Paper No. 08/29
Number of pages: 33 Posted: 18 Feb 2008
Yasser Abdih, Jihad C. Dagher, Ralph Chami and Peter J. Montiel
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and Williams College - Department of Economics
Downloads 421 (74,706)
Citation 2

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Corruption, Workers remittances, Economic growth

4.

Contractionary Devaluation in Developing Countries: An Analytical Overview

IMF Working Paper No. 88/51
Number of pages: 56 Posted: 15 Feb 2006
J. Saul Lizondo and Peter J. Montiel
affiliation not provided to SSRN and Williams College - Department of Economics
Downloads 416 (75,822)
Citation 15

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5.

Monetary Transmission in Low Income Countries

Downloads 334 ( 97,526)
Citation 5

Monetary Transmission in Low Income Countries

IMF Working Paper No. 10/223
Number of pages: 43 Posted: 01 Feb 2011
Prachi Mishra, Peter J. Montiel and Antonio Spilimbergo
International Monetary Fund (IMF) - Research Department, Williams College - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 330 (98,205)

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Asset prices, Banking sector, Central bank policy, Cross country analysis, Exchange rates, Financial institutions, Financial intermediation, Loans, Low-income developing countries, Monetary policy, Monetary transmission mechanism, Securities markets

Monetary Transmission in Low Income Countries

CEPR Discussion Paper No. DP7951
Number of pages: 43 Posted: 16 Aug 2010
Prachi Mishra, Peter J. Montiel and Antonio Spilimbergo
International Monetary Fund (IMF) - Research Department, Williams College - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 4 (700,438)
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banks, credit, exchange rate, institutions, interest rate, Monetary policy

6.

Real Exchange Rates, Saving and Growth: Is There a Link?

World Bank Policy Research Working Paper No. 4636
Number of pages: 36 Posted: 20 Apr 2016
Peter J. Montiel and Luis Servén
Williams College - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 316 (103,772)
Citation 1

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Macroeconomic Management, Economic Stabilization, Debt Markets, Emerging Markets, Currencies and Exchange Rates

7.

Macroeconomic Stability in Developing Countries: How Much is Enough?

Downloads 309 (106,230)

Macroeconomic Stability in Developing Countries: How Much is Enough?

World Bank Policy Research Working Paper No. 3456
Number of pages: 49 Posted: 20 Apr 2016
Peter J. Montiel and Luis Servén
Williams College - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 309 (105,630)

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Macroeconomic Stability in Developing Countries: How Much is Enough?

The World Bank Research Observer, Vol. 21, Issue 2, pp. 151-178, 2006
Posted: 29 Feb 2008
Peter J. Montiel and Luis Servén
Williams College - Department of Economics and World Bank - Development Research Group (DECRG)

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8.

The Surge in Capital Inflows to Developing Countries: Prospects and Policy Response

World Bank Policy Research Working Paper No. 1473
Number of pages: 54 Posted: 20 Apr 2016
Eduardo Fernandez-Arias and Peter J. Montiel
Inter-American Development Bank (IDB) and Williams College - Department of Economics
Downloads 304 (108,176)

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9.

Empirical Analysis of High-Inflation Episodes in Argentina, Brazil, and Israel

IMF Working Paper No. 88/68
Number of pages: 28 Posted: 15 Feb 2006
Peter J. Montiel
Williams College - Department of Economics
Downloads 242 (137,294)
Citation 1

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10.

Reform and Growth in Latin America: All Pain, No Gain?

Downloads 223 (148,637)
Citation 12

Reform and Growth in Latin America: All Pain, No Gain?

IADB, Research Department Working Paper No. 351
Number of pages: 31 Posted: 04 Dec 2000
Eduardo Fernandez-Arias and Peter J. Montiel
Inter-American Development Bank (IDB) and Williams College - Department of Economics
Downloads 217 (152,180)

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Structural reform, stabilization, growth

Reform and Growth in Latin America: All Pain, No Gain?

IDB Working Paper No. 290
Number of pages: 31 Posted: 20 Apr 2011
Eduardo Fernandez-Arias and Peter J. Montiel
Inter-American Development Bank (IDB) and Williams College - Department of Economics
Downloads 6 (684,486)
Citation 18

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11.

Capital Mobility in Developing Countries: Some Empirical Tests

IMF Working Paper No. 90/117
Number of pages: 16 Posted: 15 Feb 2006
Nadeem Ul Haque and Peter J. Montiel
Pakistan Institute of Development Economics and Williams College - Department of Economics
Downloads 209 (157,963)
Citation 2

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12.

Remittances: An Automatic Output Stabilizer?

IMF Working Paper No. 09/91
Number of pages: 33 Posted: 28 Apr 2009
Ralph Chami, Dalia Hakura and Peter J. Montiel
International Monetary Fund (IMF), International Monetary Fund (IMF) and Williams College - Department of Economics
Downloads 205 (160,838)

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13.

An Empirical "Dependent Economy" Model for Pakistan

IMF Working Paper No. 91/102
Number of pages: 32 Posted: 15 Feb 2006
Nadeem Ul Haque, Aasim Husain and Peter J. Montiel
Pakistan Institute of Development Economics, International Monetary Fund (IMF) - Research Department and Williams College - Department of Economics
Downloads 204 (161,621)

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14.

Has Latin America's Post-Reform Growth Been Disappointing?

World Bank Policy Research Working Paper No. 1708
Number of pages: 38 Posted: 20 Apr 2016
William Easterly, Norman Loayza and Peter J. Montiel
New York University - Department of Economics, World Bank - Research Department and Williams College - Department of Economics
Downloads 198 (166,127)
Citation 2

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15.

An Econometric Rational-Expectations Macroeconomic Model for Developing Countries with Capital Controls

IMF Working Paper No. 90/11
Number of pages: 30 Posted: 15 Feb 2006
Nadeem Ul Haque, Kajal Lahiri and Peter J. Montiel
Pakistan Institute of Development Economics, State University of New York (SUNY) at Albany, College of Arts and Sciences, Economics and Williams College - Department of Economics
Downloads 167 (193,267)

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16.

Public Sector Efficiency and Fiscal Austerity

IMF Working Paper No. 98/56
Number of pages: 28 Posted: 15 Feb 2006
Nadeem Ul Haque, Peter J. Montiel and Stephen C. Sheppard
Pakistan Institute of Development Economics, Williams College - Department of Economics and Williams College
Downloads 167 (193,267)

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Governance, public sector, labor markets

17.

A Forward-Looking Macroeconomic Simulation Model for a Developing Country

IMF Working Paper No. 89/53
Number of pages: 48 Posted: 15 Feb 2006
Nadeem Ul Haque, Peter J. Montiel and Steven Symansky
Pakistan Institute of Development Economics, Williams College - Department of Economics and International Monetary Fund (IMF) - Fiscal Affairs Department
Downloads 161 (199,447)

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18.

Savings, Investment, and Growth in Eastern Europe

IMF Working Paper No. 91/61
Number of pages: 35 Posted: 15 Feb 2006
Eduardo Borensztein and Peter J. Montiel
Inter-American Development Bank (IADB) and Williams College - Department of Economics
Downloads 160 (200,526)

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19.

Ricardian Equivalence, Liquidity Constraints, and the Yaari-Blanchard Effect: Tests for Developing Countries

IMF Working Paper No. 87/85
Number of pages: 19 Posted: 15 Feb 2006
Nadeem Ul Haque and Peter J. Montiel
Pakistan Institute of Development Economics and Williams College - Department of Economics
Downloads 151 (210,421)

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20.

Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries

IMF Working Paper No. 91/29
Number of pages: 49 Posted: 15 Feb 2006
Peter J. Montiel and Jonathan D. Ostry
Williams College - Department of Economics and International Monetary Fund (IMF)
Downloads 147 (215,144)
Citation 1

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21.

Workers' Remittances and the Equilibrium Real Exchange Rate: Theory and Evidence

IMF Working Paper No. 10/287
Number of pages: 43 Posted: 01 Feb 2011
Adolfo Barajas, Ralph Chami, Dalia Hakura and Peter J. Montiel
International Monetary Fund (IMF) - Western Hemisphere Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and Williams College - Department of Economics
Downloads 133 (233,085)

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Capital inflows, Developing countries, Economic models, Exchange rate appreciation, Low-income developing countries, Real effective exchange rates, Workers remittances

22.

Exchange Rate Policy and Debt Crises in Emerging Economies

IMF Working Paper No. 03/60
Number of pages: 22 Posted: 28 Jan 2006
Samir Jahjah and Peter J. Montiel
International Monetary Fund - INS and Williams College - Department of Economics
Downloads 111 (266,429)

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Debt crises, exchange rate policy, default, devaluation

23.

Capital Flows: Issues and Policies

IDB Working Paper No. IDB-WP-411
Number of pages: 60 Posted: 24 Sep 2013
Peter J. Montiel
Williams College - Department of Economics
Downloads 104 (278,899)
Citation 3

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24.

Growth-Oriented Adjustment Programs: A Conceptual Framework

IMF Working Paper No. 88/64
Number of pages: 40 Posted: 15 Feb 2006
Peter J. Montiel
Williams College - Department of Economics
Downloads 102 (282,640)

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25.

Is the Parallel Market Premium a Reliable Indicator of Real Exchange Rate Misalignment in Developing Countries?

IMF Working Paper No. 93/70
Number of pages: 26 Posted: 15 Feb 2006
Peter J. Montiel and Jonathan D. Ostry
Williams College - Department of Economics and International Monetary Fund (IMF)
Downloads 90 (306,279)

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26.

A General Equilibrium Model with Informal Financial Markets

IMF Working Paper No. 91/18
Number of pages: 50 Posted: 15 Feb 2006
Pierre-Richard Agenor, Nadeem Ul Haque and Peter J. Montiel
University of Manchester - School of Social Sciences, Pakistan Institute of Development Economics and Williams College - Department of Economics
Downloads 90 (306,279)

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27.

Post-Crisis Exchange Rate Policy in Five Asian Countries Filling in the 'Hollow Middle'?

IMF Working Paper No. 01/170
Number of pages: 30 Posted: 03 Feb 2006
Leonardo Hernández and Peter J. Montiel
Banco Central de Chile and Williams College - Department of Economics
Downloads 89 (308,473)
Citation 6

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exchange rate policy

28.

Real Exchange Rate Targeting Under Capital Controls: Can Money Provide a Nominal Anchor?

IMF Working Paper No. 91/68
Number of pages: 25 Posted: 15 Feb 2006
Peter J. Montiel and Jonathan D. Ostry
Williams College - Department of Economics and International Monetary Fund (IMF)
Downloads 85 (317,503)
Citation 1

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29.

External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule

IMF Working Paper No. 92/75
Number of pages: 48 Posted: 15 Feb 2006
Peter J. Montiel and Jonathan D. Ostry
Williams College - Department of Economics and International Monetary Fund (IMF)
Downloads 76 (339,239)

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30.

Real Exchange Rate Dynamics in a Developing Country

IMF Working Paper No. 87/44
Number of pages: 41 Posted: 15 Feb 2006
Peter J. Montiel
Williams College - Department of Economics
Downloads 71 (352,471)

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31.

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence

Downloads 68 (360,817)
Citation 7

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence

IMF Working Paper No. 12/143
Number of pages: 49 Posted: 09 Aug 2012
Prachi Mishra and Peter J. Montiel
International Monetary Fund (IMF) - Research Department and Williams College - Department of Economics
Downloads 68 (365,142)
Citation 7

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Exchange Rate, Interest Rate, Banks, Institutions, Developing Countries, Eastern Europe, Latin America, Low-income Developing Countries, Middle East And Central Asia, Monetary Transmission Mechanism, Transition Economies, Monetary Policy

How Effective is Monetary Transmission in Low-Income Countries? A Survey of the Empirical Evidence

Economic Systems, Vol. 37, No. 2, 2013
Posted: 13 Oct 2015
Prachi Mishra and Peter J. Montiel
International Monetary Fund (IMF) - Research Department and Williams College - Department of Economics

Abstract:

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Monetary policy, Exchange rate, Interest rate, Banks, Institutions, Developing countries

32.

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

IMF Working Paper No. 89/11
Number of pages: 38 Posted: 15 Feb 2006
Peter J. Montiel
Williams College - Department of Economics
Downloads 51 (414,751)
Citation 1

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33.

Monetary Transmission in Developing Countries: Evidence from India

IMF Working Paper No. 16/167
Number of pages: 69 Posted: 09 Dec 2016
Prachi Mishra, Peter J. Montiel and Rajeswari Sengupta
International Monetary Fund (IMF) - Research Department, Williams College - Department of Economics and Indira Gandhi Institute of Development Research (IGIDR)
Downloads 47 (429,413)

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Monetary transmission mechanism, India, Banks, Loans, Monetary policy, Inflation targeting, Developing countries, Vector autoregression, Econometric models, monetary policy, bank lending, India

34.

Cross-Regime Tests of the Lucas Supply Function in Developing Countries

IMF Working Paper No. 87/28
Number of pages: 32 Posted: 15 Feb 2006
Peter J. Montiel and Iqbal Zaidi
Williams College - Department of Economics and affiliation not provided to SSRN
Downloads 47 (429,413)

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35.

Dynamic Responses to Policy and Exogenous Shocks in an Empirical Developing-Country Model with Rational Expectations

IMF Working Paper No. 90/25
Number of pages: 54 Posted: 15 Feb 2006
Nadeem Ul Haque and Peter J. Montiel
Pakistan Institute of Development Economics and Williams College - Department of Economics
Downloads 45 (437,062)

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36.

Money Versus Credit in the Determination of Output for Small Open Economies

IMF Working Paper No. 89/78
Number of pages: 32 Posted: 15 Feb 2006
Peter J. Montiel
Williams College - Department of Economics
Downloads 43 (445,066)

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37.

Crisis Response in Latin America: Is the "Rainy Day" at Hand?

IDB Working Paper No. 571
Number of pages: 46 Posted: 25 Apr 2011
Eduardo Fernandez-Arias and Peter J. Montiel
Inter-American Development Bank (IDB) and Williams College - Department of Economics
Downloads 39 (461,652)
Citation 2

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38.

Dynamics of Devaluation and "Equivalent" Fiscal Policies for a Small Open Economy

IMF Working Paper No. 89/1
Number of pages: 33 Posted: 15 Feb 2006
J. Saul Lizondo and Peter J. Montiel
affiliation not provided to SSRN and Williams College - Department of Economics
Downloads 39 (461,652)

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39.

VAR Meets DSGE: Uncovering the Monetary Transmission Mechanism in Low-Income Countries

IMF Working Paper No. 16/90
Number of pages: 46 Posted: 09 Dec 2016
Bin (Grace) Li, Stephen A. O'Connell, Christopher Scott Adam, Andrew Berg and Peter J. Montiel
International Monetary Fund, Swarthmore College - Economics Department, University of Oxford, International Monetary Fund (IMF) - Developing Country Studies Division and Williams College - Department of Economics
Downloads 25 (531,382)

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Monetary transmission mechanism, Low-income developing countries, Variables (Mathematics), Vector autoregression, General equilibrium models, Monetary Transmission Mechanism; Monetary Policy; Low Income Countries; VectorAutoregression Methods; Monte Carlo Methods

40.

Book Reviews

Journal of Regional Science, Vol. 44, pp. 159-198, February 2004
Number of pages: 40 Posted: 29 Mar 2004
Linda Harris Dobkins, Raphael W. Bostic, Martin Kenney, Peter J. Montiel, Roger F. Riefler, Richard Morrill, Alejandra Cox Edwards, Mario Polèse, Irene McMaster, Efthymios G. Tsionas, Pavlos S. Kanaroglou, Mette Louise Berg Rundle, Barney L. Warf, Beverly McLean, Seamus Grimes, Robert L. Boyd, George Wilson, Terance Rephann and Lois M. Takahashi
Emory & Henry College, Federal Reserve Bank of Atlanta, University of California, Davis, Williams College - Department of Economics, University of Nebraska at Lincoln - Department of Economics, University of Washington - Department of Geography, California State University, Long Beach - Department of Economics, University of Quebec at Montreal - INRS, University of Strathclyde in Glasgow, Athens University of Economics and Business - Department of Economics, McMaster University, University of Oxford, Florida State University - Department of Geography, State University of New York (SUNY) at Buffalo, National University of Ireland, Galway, Mississippi State University, University of Miami, Allegany College of Maryland and University of California, Los Angeles (UCLA) - School of Public Policy & Social Research
Downloads 21 (555,968)
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41.

Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries

NBER Working Paper No. w2866
Number of pages: 47 Posted: 11 Apr 2004
Sebastian Edwards and Peter J. Montiel
University of California, Los Angeles (UCLA) - Global Economics and Management (GEM) Area and Williams College - Department of Economics
Downloads 20 (562,167)

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42.

Inflation in Low-Income Countries

World Bank Policy Research Working Paper No. 8934
Number of pages: 42 Posted: 06 Aug 2019
Jongrim Ha, Anna Ivanova, Peter J. Montiel and Peter Pedroni
World Bank, International Monetary Fund (IMF) - European Department, Williams College - Department of Economics and Williams College
Downloads 17 (581,393)
Citation 1

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Inflation, Financial Structures, Macroeconomic Management, Energy Demand, Energy and Mining, Energy and Environment, International Trade and Trade Rules

43.

How Effective is Monetary Transmission in Developing Countries? A Survey of the Empirical Evidence

CEPR Discussion Paper No. DP8577
Number of pages: 43 Posted: 29 Sep 2011
Prachi Mishra, Peter J. Montiel and Antonio Spilimbergo
International Monetary Fund (IMF) - Research Department, Williams College - Department of Economics and International Monetary Fund (IMF) - Research Department
Downloads 3 (678,654)
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developing countries, exchange rate, institutions, monetary policy

44.

The Great Recession, 'Rainy Day' Funds, and Countercyclical Fiscal Policy in Latin America

Contemporary Economic Policy, Vol. 29, Issue 3, pp. 304-322, 2011
Number of pages: 19 Posted: 25 Jun 2011
Eduardo Fernandez-Arias and Peter J. Montiel
affiliation not provided to SSRN and Williams College - Department of Economics
Downloads 2 (688,516)
Citation 1
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45.

Monetary Policy and Bank Lending Rates in Low-Income Countries: Heterogeneous Panel Estimates

CEPR Discussion Paper No. DP10230
Number of pages: 51 Posted: 03 Nov 2014
Prachi Mishra, Peter J. Montiel, Peter L. Pedroni and Antonio Spilimbergo
International Monetary Fund (IMF) - Research Department, Williams College - Department of Economics, Williams College and International Monetary Fund (IMF) - Research Department
Downloads 0 (719,294)
Citation 1
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bank lending, monetary policy, structural panel VAR

46.

Private Capital Flows to Sub-Saharan Africa: An Overview of Trends and Determinants

EXTERNAL FINANCE FOR LOW-INCOME COUNTRIES, Z. Iqbal and R. Kanbur, eds., International Monetary Fund, Washington, D.C., 1997
Posted: 23 Sep 2009 Last Revised: 24 Sep 2009
Peter J. Montiel, Amar Bhattacharya and Sunil Sharma
Williams College - Department of Economics, World Bank and George Washington University - Elliott School of International Affairs

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47.

Tight Money in a Post-Crisis Defense of the Exchange Rate: What Have We Learned?

World Bank Research Observer, Vol. 18, No. 1, pp. 1-23, Spring 2003
Posted: 29 Feb 2008
Peter J. Montiel
Williams College - Department of Economics

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