Michael B. Devereux

University of British Columbia (UBC) - Department of Economics

Dr.

997-1873 East Mall

Vancouver, BC V6T 1Z1

Canada

Centre for Economic Policy Research (CEPR)

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London

United Kingdom

  • University of British Columbia (UBC) - Department of Economics

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SCHOLARLY PAPERS

72

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519

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872

Scholarly Papers (72)

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1.

The International Financial Crisis and Policy Challenges in Asia and the Pacific

BIS Paper No. 52
Number of pages: 402 Posted: 24 Jul 2010
Jaime Caruana, Andrew J. Filardo, Jason George, Anella Munro, Mico Loretan, Guonan Ma, Ilhyock Shim, Philip D. Wooldridge, James Yetman, Haibin Zhu, Jacob Gyntelberg, Eric Ho Pan Chan, Hans Genberg, Eli M. Remolona, Suresh M. Sundaresan, Susan Black, Joseph Yam, Charles M. Engel, Michael B. Devereux, Charles Goodhart, Don H. Kim, Eloisa T. Glindro, Jessica Szeto, Masaaki Shirakawa, Tarisa Watanagase, Zeti Akhtar Aziz and Amando Tetangco Jr
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS), Reserve Bank of New Zealand, Swiss National Bank, Bruegel, Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), European Banking Authority, Bank for International Settlements (BIS), University of Geneva - Graduate Institute of International Studies (HEI), Bank for International Settlements (BIS) - Monetary and Economic Department, Columbia University - Columbia Business School, Finance, Herbert Smith, affiliation not provided to SSRN, University of Wisconsin - Madison - Department of Economics, University of British Columbia (UBC) - Department of Economics, London School of Economics & Political Science (LSE) - Financial Markets Group, Board of Governors of the Federal Reserve System, Bank for International Settlements (BIS), affiliation not provided to SSRN, Bank of Japan - Institute of Monetary and Economic Studies, Bank of Thailand, Central Bank of Malaysia and Government of the Republic of the Philippines - Central Bank of the Philippines-Bangko Sentral ng Pilipinas
Downloads 1,315 (26,679)
Citation 1

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2.

Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime

Downloads 700 (64,394)
Citation 11

Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime

Number of pages: 53 Posted: 07 Apr 1999
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 503 (96,341)
Citation 12

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Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime

NBER Working Paper No. w6867
Number of pages: 54 Posted: 30 Aug 2000 Last Revised: 08 Oct 2022
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 197 (261,951)

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3.

Exchange Rates and Monetary Policy in Emerging Market Economies

Downloads 35 (94,861)
Citation 53

Exchange Rates and Monetary Policy in Emerging Market Economies

Number of pages: 47 Posted: 01 Aug 2001
Michael B. Devereux and Philip R. Lane
University of British Columbia (UBC) - Department of Economics and Trinity College (Dublin) - Department of Economics
Downloads 35 (774,249)
Citation 1
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Monetary policy, pass-through, financial frictions, emerging markets

4.

Financial Globalization and Monetary Policy

Downloads 285 (183,869)
Citation 20

Financial Globalization and Monetary Policy

IMF Working Paper No. 07/279
Number of pages: 34 Posted: 27 Dec 2007
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 283 (184,176)

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Globalization, Monetary policy, Capital flows, Exchange rate instability, International capital markets

Financial Globalization and Monetary Policy

CEPR Discussion Paper No. DP6147
Number of pages: 40 Posted: 19 May 2008
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
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International risk sharing, portfolio choice

5.

A Portfolio Theory of International Capital Flows

Downloads 32 (202,473)
Citation 18

A Portfolio Theory of International Capital Flows

CEPR Discussion Paper No. 5746
Number of pages: 38 Posted: 23 Aug 2006
Michael B. Devereux and Makoto Saito
University of British Columbia (UBC) - Department of Economics and Hitotsubashi University - Faculty of Economics
Downloads 32 (798,431)
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current account, international capital flows, portfolio

6.

Vehicle Currency

Number of pages: 48 Posted: 14 Dec 2009
Michael B. Devereux and Shouyong Shi
University of British Columbia (UBC) - Department of Economics and Pennsylvania State University
Downloads 225 (232,129)

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Vehicle currency, Transactions cost, Welfare gains

7.

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

Downloads 191 (237,184)
Citation 14

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

ECB Working Paper No. 614
Number of pages: 49 Posted: 22 May 2006
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 155 (323,338)
Citation 8

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Exchange rates, monetary policy, expenditure switching

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

NBER Working Paper No. w12215
Number of pages: 37 Posted: 25 May 2006 Last Revised: 18 Nov 2022
Michael B. Devereux, Michael B. Devereux and Charles M. Engel
National Bureau of Economic Research (NBER), University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 36 (766,577)
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8.

Price Adjustment and Exchange Rate Pass-Through

Number of pages: 39 Posted: 19 Aug 2005
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 214 (243,410)
Citation 14

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9.

The Optimal Choice of Exchange-Rate Regime: Price Setting Rules and Internationalized Production

Downloads 177 (288,511)
Citation 2

The Optimal Choice of Exchange-Rate Regime: Price Setting Rules and Internationalized Production

Number of pages: 37 Posted: 05 May 1999
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 132 (367,963)
Citation 2

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The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production

NBER Working Paper No. w6992
Number of pages: 38 Posted: 01 Jul 1999 Last Revised: 11 Aug 2022
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 45 (701,688)
Citation 2

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10.

Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility

Downloads 80 (309,563)
Citation 233

Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility

NBER Working Paper No. w7665
Number of pages: 45 Posted: 17 May 2000 Last Revised: 12 Dec 2022
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 80 (522,179)
Citation 58

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11.

Expectations and Exchange Rate Policy

Downloads 91 (326,585)
Citation 1

Expectations and Exchange Rate Policy

NBER Working Paper No. w12213
Number of pages: 34 Posted: 25 May 2006 Last Revised: 26 Dec 2022
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 61 (607,941)
Citation 1

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Expectations and Exchange Rate Policy

CEPR Discussion Paper No. 5743
Number of pages: 36 Posted: 23 Aug 2006
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 30 (815,188)
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exchange rate, expectations, monetary policy

12.

Country Portfolio Dynamics

Downloads 138 (354,632)
Citation 43

Country Portfolio Dynamics

IMF Working Paper No. 07/283
Number of pages: 29 Posted: 27 Dec 2007
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 132 (367,963)
Citation 8

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Bonds, International bond markets

Country Portfolio Dynamics

CEPR Discussion Paper No. DP6208
Number of pages: 31 Posted: 22 May 2008
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 6 (1,050,553)
Citation 10
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Country portfolios, solution methods

13.

Endogenous Exchange Rate Pass-Through When Nominal Prices are Set in Advance

Downloads 78 (371,237)
Citation 81

Endogenous Exchange Rate Pass-Through When Nominal Prices are Set in Advance

NBER Working Paper No. w9543
Number of pages: 44 Posted: 13 Mar 2003 Last Revised: 31 Jul 2022
Michael B. Devereux, Charles M. Engel and Peter E. Storgaard
University of British Columbia (UBC) - Department of Economics, University of Wisconsin - Madison - Department of Economics and National Bank of Denmark
Downloads 57 (629,384)
Citation 14

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Endogenous Exchange Rate Pass-Through When Nominal Prices are Set in Advance

Number of pages: 38 Posted: 24 Nov 2002
Michael B. Devereux, Charles M. Engel and Peter E. Storgaard
University of British Columbia (UBC) - Department of Economics, University of Wisconsin - Madison - Department of Economics and National Bank of Denmark
Downloads 21 (898,047)
Citation 7
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Exchange rate pass-through, sticky prices, monetary policy

14.

Inflation and Financial Globalisation

BIS Paper No. 70n
Number of pages: 10 Posted: 14 Apr 2013
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 126 (380,072)

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Inflation, Financial Globalisation

15.

Collateral Advantage: Exchange Rates, Capital Flows, and Global Cycles

Downloads 125 (382,417)

Collateral Advantage: Exchange Rates, Capital Flows, and Global Cycles

Number of pages: 45 Posted: 28 Sep 2022
Michael B. Devereux, Charles M. Engel and Steve Pak Yeung Wu
University of British Columbia (UBC) - Department of Economics, University of Wisconsin - Madison - Department of Economics and University of California, San Diego (UCSD) - Department of Economics
Downloads 116 (405,967)

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Exchange rates, financial frictions, liquidity, convenience yield, dollar specialness

Collateral Advantage: Exchange Rates, Capital Flows and Global Cycles

NBER Working Paper No. w31164
Number of pages: 60 Posted: 24 Apr 2023 Last Revised: 08 May 2023
Michael B. Devereux, Charles M. Engel and Steve Pak Yeung Wu
University of British Columbia (UBC) - Department of Economics, University of Wisconsin - Madison - Department of Economics and University of California, San Diego (UCSD)
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16.

What Determines European Real Exchange Rates?

Downloads 115 (406,584)
Citation 3

What Determines European Real Exchange Rates?

NBER Working Paper No. w15753
Number of pages: 74 Posted: 22 Feb 2010 Last Revised: 19 Jul 2023
Martin Berka and Michael B. Devereux
School of Economics and Finance, Massey University and University of British Columbia (UBC) - Department of Economics
Downloads 68 (573,844)
Citation 3

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What Determines European Real Exchange Rates?

CAMA Working Paper No. 17/2010
Number of pages: 74 Posted: 01 Sep 2010
Martin Berka and Michael B. Devereux
School of Economics and Finance, Massey University and University of British Columbia (UBC) - Department of Economics
Downloads 47 (688,544)

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17.

Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter?

IMF Working Paper No. 05/7
Number of pages: 37 Posted: 10 Jan 2006
Woon Gyu Choi and Michael B. Devereux
International Monetary Fund (IMF) and University of British Columbia (UBC) - Department of Economics
Downloads 111 (417,213)

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fiscal policy, government spending, Ricardian equivalence, real interest rates, regime switching, threshold vector autoregression

18.

A New Dilemma: Capital Controls and Monetary Policy in Sudden-Stop Economies

Downloads 25 (425,582)
Citation 24

A New Dilemma: Capital Controls and Monetary Policy in Sudden Stop Economies

NBER Working Paper No. w21791
Number of pages: 67 Posted: 14 Dec 2015 Last Revised: 17 Jul 2023
Michael B. Devereux, Eric R. Young and Changhua Yu
University of British Columbia (UBC) - Department of Economics, University of Virginia and Peking University
Downloads 25 (859,430)
Citation 11

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19.

Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows

Downloads 86 (494,603)
Citation 34

Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows

BIS Working Paper No. 540
Number of pages: 43 Posted: 25 Jan 2016
Ryan Banerjee, Michael B. Devereux and Giovanni Lombardo
Bank for International Settlements (BIS), University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 57 (629,384)
Citation 1

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International spillovers, Local Projections, Capital flows, Financial intermediaries, Monetary policy

Self-Oriented Monetary Policy, Global Financial Markets and Excess Volatility of International Capital Flows

NBER Working Paper No. w21737
Number of pages: 41 Posted: 23 Nov 2015 Last Revised: 25 May 2023
Ryan Banerjee, Michael B. Devereux and Giovanni Lombardo
Bank for International Settlements (BIS), University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 29 (823,798)
Citation 25

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20.

Dollar Bloc or Dollar Block: External Currency Pricing and the East Asian Crisis

FRB of San Francisco Working Paper No. 2004-35
Number of pages: 37 Posted: 20 Apr 2005
David E. Cook and Michael B. Devereux
Hong Kong University of Science & Technology (HKUST) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 85 (498,148)
Citation 1

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Financial crises - Asia

21.

Real Exchange Rates and Sectoral Productivity in the Eurozone

Downloads 76 (532,133)
Citation 21

Real Exchange Rates and Sectoral Productivity in the Eurozone

CAMA Working Paper No. 66/2014
Number of pages: 70 Posted: 22 Oct 2014 Last Revised: 23 Oct 2014
Martin Berka, Michael B. Devereux and Charles M. Engel
School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 46 (694,952)

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Balassa-Samuelson, Real Exchange Rates, Eurozone, Total Factor Productivity, Unit Labor Cost

Real Exchange Rates and Sectoral Productivity in the Eurozone

NBER Working Paper No. w20510
Number of pages: 69 Posted: 22 Sep 2014 Last Revised: 17 Jul 2023
Martin Berka, Michael B. Devereux and Charles M. Engel
School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 30 (815,188)

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Real Exchange Rates and Sectoral Productivity in the Eurozone

CEPR Discussion Paper No. DP10203
Number of pages: 71 Posted: 21 Oct 2014
Martin Berka, Michael B. Devereux and Charles M. Engel
School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
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Citation 4
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Balassa-Samuelson, Eurozone, Real Exchange Rates, Total Factor Productivity, Unit Labor Cost

Real Exchange Rates and Sectoral Productivity in the Eurozone

American Economic Review, 2018, 108(6), June, 1543 - 1581
Posted: 14 Apr 2019
Martin Berka, Michael B. Devereux and Charles M. Engel
School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics

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22.

Fiscal Policy in a Currency Union at the Zero Lower Bound

ADBI Working Paper 801
Number of pages: 46 Posted: 14 Mar 2018
David E. Cook and Michael B. Devereux
Hong Kong University of Science & Technology (HKUST) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 69 (561,382)
Citation 2

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liquidity trap, monetary policy, fiscal policy, international spillovers

23.

Sudden Stops in Emerging Economies: The Role of World Interest Rates and Foreign Exchange Intervention

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Citation 1

Sudden Stops and Optimal Foreign Exchange Intervention

NBER Working Paper No. w28079
Number of pages: 55 Posted: 16 Nov 2020 Last Revised: 23 Mar 2023
Scott Davis, Michael B. Devereux and Changhua Yu
Federal Reserve Banks - Federal Reserve Bank of Dallas, University of British Columbia (UBC) - Department of Economics and Peking University
Downloads 11 (1,002,949)

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24.

International Risk-Sharing and the Exchange Rate: Re-Evaluating the Case for Flexible Exchange Rates

Downloads 15 (565,767)
Citation 3

International Risk-Sharing and the Exchange Rate: Re-Evaluating the Case for Flexible Exchange Rates

Number of pages: 40 Posted: 09 Aug 2001
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 15 (960,039)
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Risk sharing, fixed exchange rates, flexible exchange rates

25.

Global vs. Local Liquidity Traps

Seoul Journal of Economics, Vol. 24, No. 4, pp. 471-493, 2011
Number of pages: 24 Posted: 08 Dec 2011
David E. Cook and Michael B. Devereux
Hong Kong University of Science & Technology (HKUST) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 66 (574,731)

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Liquidity trap, Monetary policy, Fiscal policy, International spillovers

26.

Price Setting in a Leading Swiss Online Supermarket

Downloads 66 (574,731)

Price Setting in a Leading Swiss Online Supermarket

Centre for Applied Microeconomics (CAMA) Working Paper No. 19/2011
Number of pages: 32 Posted: 05 Jul 2011
Martin Berka, Michael B. Devereux and Thomas Rudolph
School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of St. Gallen
Downloads 33 (790,225)

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Price Setting in a Leading Swiss Online Supermarket

NBER Working Paper No. w17126
Number of pages: 33 Posted: 20 Jun 2011 Last Revised: 19 Apr 2023
Martin Berka, Michael B. Devereux and Thomas J. Rudolph
School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Illinois at Urbana-Champaign
Downloads 33 (790,225)

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27.

Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect

NBER Working Paper No. w8858
Number of pages: 43 Posted: 28 Mar 2002 Last Revised: 16 Sep 2022
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 65 (583,872)
Citation 6

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28.

Global Current Account Adjustment: A Decomposition

Federal Reserve Bank of San Francisco Working Paper No. 2006-40
Number of pages: 25 Posted: 06 Aug 2007
Michael B. Devereux, Amartya Lahiri and Ke Pang
University of British Columbia (UBC) - Department of Economics, University of British Columbia (UBC) - Department of Economics and affiliation not provided to SSRN
Downloads 64 (583,872)

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29.

Responding to Exchange Rates in a Globalised World

BIS Paper No. 77h
Number of pages: 21 Posted: 06 Oct 2014
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 59 (607,849)

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globalisation, foreign exchange intervention, exchange rate pass through

30.

Exchange Rate Policy and Endogenous Price Flexibility

Downloads 11 (623,391)
Citation 1

Exchange Rate Policy and Endogenous Price Flexibility

Number of pages: 37 Posted: 06 Jan 2004
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
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Exchange rate, sticky prices

31.

International Financial Integration and Crisis Contagion

NBER Working Paper No. w20526
Number of pages: 70 Posted: 30 Sep 2014 Last Revised: 01 Feb 2023
Michael B. Devereux and Changhua Yu
University of British Columbia (UBC) - Department of Economics and Peking University
Downloads 53 (639,463)
Citation 9

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32.

Real Exchange Rate Adjustment In and Out of the Eurozone

American Economic Review, Vol. 102, No. 3, 2012
Number of pages: 7 Posted: 06 Jun 2013
Martin Berka, Michael B. Devereux and Charles M. Engel
School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 53 (639,463)

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Real exchange rates, Eurozone

33.

Consumption and Real Exchange Rates in Professional Forecasts

BIS Working Paper No. 295
Number of pages: 47 Posted: 24 Mar 2010
Michael B. Devereux, Gregor W. Smith and James Yetman
University of British Columbia (UBC) - Department of Economics, Queen's University (Canada) and Bank for International Settlements (BIS)
Downloads 53 (639,463)
Citation 1

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International Risk Sharing, Backus-Smith Puzzle

34.

Endogenous Currency of Price Setting in a Dynamic Open Economy Model

NBER Working Paper No. w8559
Number of pages: 36 Posted: 25 Oct 2001 Last Revised: 21 Nov 2022
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 47 (673,607)

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35.

Sharing the Burden: Monetary and Fiscal Responses to a World Liquidity Trap

NBER Working Paper No. w17131
Number of pages: 39 Posted: 20 Jun 2011 Last Revised: 24 Apr 2022
David E. Cook and Michael B. Devereux
Hong Kong University of Science & Technology (HKUST) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 46 (679,620)
Citation 11

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36.

Exchange Rate Pass-Through and the Welfare Effects of the Euro

NBER Working Paper No. w7382
Number of pages: 63 Posted: 30 Dec 1999 Last Revised: 04 Sep 2022
Michael B. Devereux, Charles M. Engel and Cédric Tille
University of British Columbia (UBC) - Department of Economics, University of Wisconsin - Madison - Department of Economics and Graduate Institute of International and Development Studies (HEI)
Downloads 45 (685,904)
Citation 5

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37.

Capital Controls as Macro-Prudential Policy in a Large Open Economy

Downloads 14 (704,917)
Citation 1

Capital Controls as Macro-Prudential Policy in a Large Open Economy

NBER Working Paper No. w25710
Number of pages: 58 Posted: 01 Apr 2019 Last Revised: 02 Apr 2023
Scott Davis and Michael B. Devereux
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of British Columbia (UBC) - Department of Economics
Downloads 14 (970,870)

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38.

Borders and Nominal Exchange Rates in Risk-Sharing

Number of pages: 38 Posted: 26 Jun 2013
Michael B. Devereux and Viktoria V. Hnatkovska
University of British Columbia (UBC) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 37 (739,313)
Citation 1

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Real exchange rate, risk sharing, border effect, intranational economics

39.

Consumption Risk-Sharing and the Real Exchange Rate: Why Does the Nominal Exchange Rate Make Such a Difference?

NBER Working Paper No. w17288
Number of pages: 50 Posted: 12 Aug 2011 Last Revised: 29 Mar 2023
Michael B. Devereux and Viktoria V. Hnatkovska
University of British Columbia (UBC) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 36 (746,532)

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40.

Leverage Constraints and the International Transmission of Shocks

NBER Working Paper No. w16226
Number of pages: 53 Posted: 02 Aug 2010 Last Revised: 04 May 2023
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 36 (746,532)
Citation 24

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41.

Country Portfolios in Open Economy Macro Models

NBER Working Paper No. w14372
Number of pages: 39 Posted: 08 Oct 2008 Last Revised: 10 Apr 2022
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 36 (746,532)
Citation 13

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42.

Globalisation, Pass-Through and the Optimal Policy Response to Exchange Rates

BIS Working Paper No. 450
Number of pages: 31 Posted: 24 Jun 2014
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 35 (753,748)

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globalisation, foreign exchange intervention, exchange rate pass-through

43.

Financial Globalization and Monetary Policy

Bundesbank Series 1 Discussion Paper No. 2008,20
Number of pages: 52 Posted: 08 Jun 2016
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 34 (761,146)

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Portfolio Choice, International Risk Sharing, Exchange Rate

44.

Consumption and Real Exchange Rates in Professional Forecasts

NBER Working Paper No. w14795
Number of pages: 44 Posted: 23 Mar 2009 Last Revised: 05 Dec 2022
Michael B. Devereux, Gregor W. Smith and James Yetman
University of British Columbia (UBC) - Department of Economics, Queen's University (Canada) and Bank for International Settlements (BIS)
Downloads 33 (768,696)
Citation 2

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45.

Valuation Effects and the Dynamics of Net External Assets

NBER Working Paper No. w14794
Number of pages: 54 Posted: 23 Mar 2009 Last Revised: 05 Jun 2022
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 31 (784,194)
Citation 3

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46.

The Optimal Currency Area in a Liquidity Trap

NBER Working Paper No. w19588
Number of pages: 49 Posted: 01 Nov 2013 Last Revised: 10 Jul 2023
David E. Cook and Michael B. Devereux
Hong Kong University of Science & Technology (HKUST) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 29 (800,274)

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47.

Nominal Stability and Financial Globalization

NBER Working Paper No. w17796
Number of pages: 43 Posted: 27 Jan 2012 Last Revised: 16 Feb 2023
Michael B. Devereux, Alan Sutherland and Ozge Senay
University of British Columbia (UBC) - Department of Economics, University of St. Andrews - School of Management and University of St. Andrews
Downloads 27 (816,494)
Citation 1

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48.

Understanding Bilateral Exchange Rate Volatility

Number of pages: 38 Posted: 05 Oct 2002
Michael B. Devereux and Philip R. Lane
University of British Columbia (UBC) - Department of Economics and Trinity College (Dublin) - Department of Economics
Downloads 27 (816,494)
Citation 2
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Exchange rate volatility, optimal currency area, financing constraints

49.

Pandemics Through the Lens of Occupations

NBER Working Paper No. w27841
Number of pages: 39 Posted: 21 Sep 2020 Last Revised: 27 Jan 2023
Anand Chopra, Michael B. Devereux and Amartya Lahiri
University of Liverpool Management School (ULMS) - Economics Division, University of British Columbia (UBC) - Department of Economics and University of British Columbia (UBC) - Department of Economics
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50.

Capital Controls, Global Liquidity Traps and the International Policy Trilemma

NBER Working Paper No. w19091
Number of pages: 38 Posted: 31 May 2013 Last Revised: 02 Mar 2023
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
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51.

Solving for Country Portfolios in Open Economy Macro Models

CEPR Discussion Paper No. 5966
Number of pages: 32 Posted: 05 Jan 2007
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
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Country profiles, solution methods

52.

Production Networks and International Fiscal Spillovers

NBER Working Paper No. w28149
Number of pages: 106 Posted: 01 Dec 2020 Last Revised: 12 Jun 2023
Michael B. Devereux, Karine Gente and Changhua Yu
University of British Columbia (UBC) - Department of Economics, affiliation not provided to SSRN and Peking University
Downloads 24 (842,475)
Citation 4

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53.

Exchange Rate Pass-Through, Currency of Invoicing and Market Share

NBER Working Paper No. w21413
Number of pages: 38 Posted: 03 Aug 2015 Last Revised: 06 Jul 2023
Michael B. Devereux, Ben Tomlin and Wei Dong
University of British Columbia (UBC) - Department of Economics, Government of Canada - Bank of Canada and Government of Canada - Bank of Canada
Downloads 22 (860,469)
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54.

The Extensive Margin, Sectoral Shares and International Business Cycles

NBER Working Paper No. w17289
Number of pages: 32 Posted: 12 Aug 2011 Last Revised: 30 Mar 2023
Michael B. Devereux and Viktoria V. Hnatkovska
University of British Columbia (UBC) - Department of Economics and University of British Columbia (UBC) - Department of Economics
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55.

Globalisation, Pass-Through and the Optimal Policy Response to Exchange Rates

NBER Working Paper No. w20252
Number of pages: 28 Posted: 30 Jun 2014 Last Revised: 04 May 2023
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 19 (888,740)
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56.

External Currency Pricing and the East Asian Crisis

Number of pages: 42 Posted: 18 Nov 2004
David E. Cook and Michael B. Devereux
Hong Kong University of Science & Technology (HKUST) - Department of Economics and University of British Columbia (UBC) - Department of Economics
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East Asian crisis, small open economy, exchange rate

57.

Exchange Rates, Local Currency Pricing and International Tax Policies

NBER Working Paper No. w25111
Number of pages: 44 Posted: 01 Oct 2018 Last Revised: 11 Feb 2023
Sihao Chen, Michael B. Devereux, Juanyi (Jenny) Xu and Kang Shi
Fudan University - School of Economics, University of British Columbia (UBC) - Department of Economics, Hong Kong University of Science & Technology (HKUST) and The Chinese University of Hong Kong (CUHK) - Department of Economics
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58.

Trade Wars, Currency Wars

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Trade Wars, Currency Wars

NBER Working Paper No. w27460
Number of pages: 43 Posted: 07 Jul 2020 Last Revised: 14 Jul 2023
Stéphane Auray, Michael B. Devereux and Aurélien Eyquem
École Nationale de la Statistique et de l'Analyse de l'Information (ENSAI), University of British Columbia (UBC) - Department of Economics and University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE)
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Trade Wars, Currency Wars

NBER Working Paper No. w27460
Number of pages: 43 Posted: 12 Jan 2021
Stéphane Auray, Michael B. Devereux and Aurélien Eyquem
École Nationale de la Statistique et de l'Analyse de l'Information (ENSAI), University of British Columbia (UBC) - Department of Economics and University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE)
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59.

Commodity Currencies and Monetary Policy

NBER Working Paper No. w25076
Number of pages: 35 Posted: 24 Sep 2018 Last Revised: 09 Jul 2023
Michael B. Devereux and Gregor W. Smith
University of British Columbia (UBC) - Department of Economics and Queen's University (Canada)
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60.

Predetermined Prices and the Persistent Effects of Money on Output

Number of pages: 21 Posted: 21 Aug 2001
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
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Sticky prices, predetermined prices, money shocks

61.

Trade Flows and Exchange Rates: Importers, Exporters and Products

NBER Working Paper No. w26314
Number of pages: 39 Posted: 30 Sep 2019 Last Revised: 27 May 2023
Michael B. Devereux, Wei Dong and Ben Tomlin
University of British Columbia (UBC) - Department of Economics, Government of Canada - Bank of Canada and Government of Canada - Bank of Canada
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62.

A Simple Model of Optimal Monetary Policy with Financial Constraints

Number of pages: 43 Posted: 26 May 2004
Michael B. Devereux and Doris Poon
University of British Columbia (UBC) - Department of Economics and University of British Columbia (UBC) - Department of Economics
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Monetary policy, collateral constraints, exchange rate

63.

Global Monetary Policy Under a Dollar Standard

Number of pages: 47 Posted: 29 Apr 2004
Michael B. Devereux, Kang Shi and Juanyi Xu
University of British Columbia (UBC) - Department of Economics, The Chinese University of Hong Kong (CUHK) - Department of Economics and University of British Columbia (UBC) - Department of Economics
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US dollar, monetary policy, international currency

64.

Foreign Reserves Management and Original Sin

NBER Working Paper No. w30418
Number of pages: 49 Posted: 05 Sep 2022 Last Revised: 14 Apr 2023
Michael B. Devereux and Steve Pak Yeung Wu
University of British Columbia (UBC) - Department of Economics and University of California, San Diego (UCSD) - Department of Economics
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65.

Trade Wars, Nominal Rigidities and Monetary Policy

NBER Working Paper No. w31302
Number of pages: 59 Posted: 05 Jun 2023 Last Revised: 13 Jul 2023
Stéphane Auray, Michael B. Devereux and Aurélien Eyquem
École Nationale de la Statistique et de l'Analyse de l'Information (ENSAI), University of British Columbia (UBC) - Department of Economics and University of Lausanne
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66.

Endogenous Trade Protection and Exchange Rate Adjustment

NBER Working Paper No. w25517
Number of pages: 44 Posted: 04 Feb 2019 Last Revised: 23 Mar 2023
Stéphane Auray, Michael B. Devereux and Aurélien Eyquem
École Nationale de la Statistique et de l'Analyse de l'Information (ENSAI), University of British Columbia (UBC) - Department of Economics and University of Lyon 2 - Groupe d'Analyse et de Théorie Economique (GATE)
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67.

Consumption Heterogeneity and Monetary Policy in an Open Economy

NBER Working Paper No. w29835
Number of pages: 43 Posted: 14 Mar 2022 Last Revised: 10 Jul 2023
Sihao Chen, Michael B. Devereux, Kang Shi and Juanyi (Jenny) Xu
Fudan University - School of Economics, University of British Columbia (UBC) - Department of Economics, The Chinese University of Hong Kong (CUHK) - Department of Economics and Hong Kong University of Science & Technology (HKUST)
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68.

Valuation Effects and the Dynamics of Net External Assets

CEPR Discussion Paper No. DP7273
Number of pages: 56 Posted: 19 May 2009
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
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Country portfolios, Net foreign asset dynamics, Valuation effects

69.

Exchange Rate Flexibility Under the Zero Lower Bound

CEPR Discussion Paper No. DP10202
Number of pages: 55 Posted: 21 Oct 2014
David E. Cook and Michael B. Devereux
Hong Kong University of Science & Technology (HKUST) - Department of Economics and University of British Columbia (UBC) - Department of Economics
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Forward Guidance, Lower Bound, Monetary Policy, Optimal Currency Area

70.

International Financial Integration and Crisis Contagion

CEPR Discussion Paper No. DP10209
Number of pages: 72 Posted: 21 Oct 2014
Michael B. Devereux and Changhua Yu
University of British Columbia (UBC) - Department of Economics and Peking University
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financial contagion, international financial integration, leverage, occasionally binding contracts

71.

Nominal Stability and Financial Globalization

CEPR Discussion Paper No. DP8830
Number of pages: 45 Posted: 01 Mar 2012
Michael B. Devereux, Ozge Senay and Alan Sutherland
University of British Columbia (UBC) - Department of Economics, University of St. Andrews and University of St. Andrews - School of Management
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Country Portfolios, Financial Globalization, Nominal stability

72.

Monopolistic Competition, Increasing Returns, and the Effects of Government Spending

JOURNAL OF MONEY, CREDIT, AND BANKING, Vol. 28, No. 2, May 1996
Posted: 22 Apr 1998
Michael B. Devereux, Allen C. Head and Beverly J. Lapham
University of British Columbia (UBC) - Department of Economics, Queen's University (Canada) and Queen's University

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