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)

Fellow

London

United Kingdom

SCHOLARLY PAPERS

81

DOWNLOADS
Rank 7,369

SSRN RANKINGS

Top 7,369

in Total Papers Downloads

5,941

SSRN RANKINGS

Top 451

in Total Papers Citations

1,044

!

Under construction: SSRN citations while be offline until July when we will launch a brand new and improved citations service, check here for more details.

For more information

Scholarly Papers (81)

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
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), Nordea Group, Bank for International Settlements (BIS), University of Geneva - Graduate Institute of International Studies (HEI), Bank for International Settlements (BIS) - Monetary and Economic Department, Columbia Business School - Finance and Economics, 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, Federal Reserve Board - Division of Monetary Affairs, 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 882 (25,441)

Abstract:

Loading...

2.

Price Setting and Exchange Rate Pass-Through: Theory and Evidence

HKIMR Working Paper No. 22/2002
Number of pages: 25 Posted: 28 Aug 2007
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 528 (50,699)

Abstract:

Loading...

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 444 (62,350)

Abstract:

Loading...

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
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 72 (322,038)

Abstract:

Loading...

Exchange Rates and Monetary Policy in Emerging Market Economies

IIIS Discussion Paper No. 36, HKIMR Working Paper No. 7/2000
Number of pages: 59 Posted: 08 Jun 2005
Michael B. Devereux, Philip R. Lane and Juanyi Xu
University of British Columbia (UBC) - Department of Economics, Trinity College (Dublin) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 353 (81,958)

Abstract:

Loading...

Monetary policy, exchange rate pass-through, balance sheet constraints

Exchange Rates and Monetary Policy in Emerging Market Economies

CEPR Discussion Paper No. 2874
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 (446,935)
  • Add to Cart

Abstract:

Loading...

Monetary policy, pass-through, financial frictions, emerging markets

Exchange Rates and Monetary Policy in Emerging Market Economies

Economic Journal, Vol. 116, No. 115, pp. 478-506, April 2006
Number of pages: 29 Posted: 08 May 2006
Michael B. Devereux, Philip R. Lane and Juanyi Xu
University of British Columbia (UBC) - Department of Economics, Trinity College (Dublin) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 15 (561,433)
  • Add to Cart

Abstract:

Loading...

5.
Downloads 235 (127,761)

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 233 (128,402)

Abstract:

Loading...

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
Downloads 2 (655,602)
  • Add to Cart

Abstract:

Loading...

International risk sharing, portfolio choice

6.

Risk Sharing and the Theory of Optimal Currency Areas: A Re-Examination of Mundell 1973

HKIMR Working Papers No. 8/2000
Number of pages: 15 Posted: 28 Aug 2007
Stephen Ching and Michael B. Devereux
School of Economics and Finance, The University of Hong Kong and University of British Columbia (UBC) - Department of Economics
Downloads 223 (134,525)

Abstract:

Loading...

7.
Downloads 186 (159,374)

A Portfolio Theory of International Capital Flows

IIIS Discussion Paper No. 124, HKIMR Working Paper No. 11/2006
Number of pages: 31 Posted: 08 Aug 2006
Michael B. Devereux and Makoto Saito
University of British Columbia (UBC) - Department of Economics and Hitotsubashi University - Faculty of Economics
Downloads 154 (188,211)

Abstract:

Loading...

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 (460,576)
  • Add to Cart

Abstract:

Loading...

current account, international capital flows, portfolio

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 131 (214,982)

Abstract:

Loading...

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: 19 Jul 2009
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 21 (523,156)

Abstract:

Loading...

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

HKIMR Working Paper No. 08/2005
Number of pages: 31 Posted: 23 Aug 2007
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 16 (554,936)

Abstract:

Loading...

9.

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 157 (184,810)

Abstract:

Loading...

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 111 (243,560)

Abstract:

Loading...

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: 12 Oct 2010
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 33 (455,890)

Abstract:

Loading...

11.

Solving for Country Portfolios in Open Economy Macro Models

IMF Working Paper No. 07/284, HKIMR Working Paper No. 16/2007
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 133 (211,618)

Abstract:

Loading...

Working Paper

Mundell Revisited: A Simple Approach to the Costs and Benefits of a Single Currency Area

HKIMR Working Paper No. 9/2000
Number of pages: 14 Posted: 28 Aug 2007
Stephen Ching and Michael B. Devereux
School of Economics and Finance, The University of Hong Kong and University of British Columbia (UBC) - Department of Economics
Downloads 106 (251,718)

Abstract:

Loading...

Mundell Revisited: A Simple Approach to the Costs and Benefits of a Single Currency Area

Review of International Economics, Vol. 11, pp. 674-691, September 2003
Number of pages: 18 Posted: 29 Sep 2003
Stephen Ching and Michael B. Devereux
School of Economics and Finance, The University of Hong Kong and University of British Columbia (UBC) - Department of Economics
Downloads 24 (504,502)
  • Add to Cart

Abstract:

Loading...

13.
Downloads 115 (236,331)

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 109 (246,850)

Abstract:

Loading...

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 (621,502)
  • Add to Cart

Abstract:

Loading...

Country portfolios, solution methods

14.
Downloads 109 (245,505)

Expectations and Exchange Rate Policy

HKIMR Working Papers No. 6/2007
Number of pages: 31 Posted: 21 Aug 2007
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 (398,501)

Abstract:

Loading...

Expectations and Exchange Rate Policy

NBER Working Paper No. w12213
Number of pages: 34 Posted: 25 May 2006 Last Revised: 27 Jun 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 32 (460,576)

Abstract:

Loading...

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 (470,697)
  • Add to Cart

Abstract:

Loading...

exchange rate, expectations, monetary policy

15.

Currency Appreciation and Current Account Adjustment

HKIMR Working Paper No. 17/2006
Number of pages: 21 Posted: 22 Aug 2007
Michael B. Devereux and Hans Genberg
University of British Columbia (UBC) - Department of Economics and University of Geneva - Graduate Institute of International Studies (HEI)
Downloads 106 (250,274)

Abstract:

Loading...

Current Account, Currency Appreciation

16.

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 98 (264,008)

Abstract:

Loading...

Inflation, Financial Globalisation

17.

A Portfolio Model of Capital Flows to Emerging Markets

HKIMR Working Paper No.8/2009
Number of pages: 38 Posted: 14 Mar 2009
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 96 (267,574)

Abstract:

Loading...

Country Portfolios, Emerging Markets

18.

Transfer Problem Dynamics: Macroeconomics of the Franco-Prussian War Indemnity

HKIMR Working Paper No. 2/2004
Number of pages: 41 Posted: 12 Aug 2004
Michael B. Devereux and Gregor W. Smith
University of British Columbia (UBC) - Department of Economics and Queen's University (Canada)
Downloads 96 (267,574)

Abstract:

Loading...

transfer problem, current account, terms of trade

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

HKIMR Working Paper No. 04/2000
Number of pages: 33 Posted: 28 Aug 2007
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 60 (355,152)

Abstract:

Loading...

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: 02 Apr 2001
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 35 (446,935)

Abstract:

Loading...

20.

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 92 (274,964)

Abstract:

Loading...

Vehicle currency, Transactions cost, Welfare gains

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

HKIMR Working Paper No. 21/2002
Number of pages: 34 Posted: 28 Aug 2007
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 34 (451,337)

Abstract:

Loading...

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

CEPR Discussion Paper No. 3608
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 (523,156)
  • Add to Cart

Abstract:

Loading...

Exchange rate pass-through, sticky prices, monetary policy

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: 01 Nov 2010
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 (523,156)

Abstract:

Loading...

22.

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 72 (318,514)

Abstract:

Loading...

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

23.

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 70 (323,468)

Abstract:

Loading...

Financial crises - Asia

24.
Downloads 58 (356,190)

What Determines European Real Exchange Rates?

NBER Working Paper No. w15753
Number of pages: 74 Posted: 22 Feb 2010 Last Revised: 19 Jul 2010
Martin Berka and Michael B. Devereux
School of Economics and Finance, Massey University and University of British Columbia (UBC) - Department of Economics
Downloads 31 (465,644)

Abstract:

Loading...

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 27 (486,761)

Abstract:

Loading...

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

HKIMR Working Paper No.03/2016
Number of pages: 71 Posted: 10 Mar 2016
Michael B. Devereux, Eric R. Young and Changhua Yu
University of British Columbia (UBC) - Department of Economics, University of Virginia and Peking University
Downloads 45 (405,822)

Abstract:

Loading...

Sudden stops, Pecuniary externality, Monetary policy, Capital controls, Time-consistency

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
Michael B. Devereux, Eric R. Young and Changhua Yu
University of British Columbia (UBC) - Department of Economics, University of Virginia and Peking University
Downloads 10 (594,461)

Abstract:

Loading...

26.

Financial Constraints and Exchange Rate Flexibility in Emerging Market Economies

HKIMR Working Paper No. 15/2001
Number of pages: 30 Posted: 04 Sep 2007
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 55 (365,370)

Abstract:

Loading...

27.

Exchange Rate Regimes, Specialization and Trade Volume

HKIMR Working Paper No. 22/2006
Number of pages: 27 Posted: 23 Aug 2007
Michael B. Devereux and Graham M. Voss
University of British Columbia (UBC) - Department of Economics and University of Victoria - Department of Economics
Downloads 53 (371,626)

Abstract:

Loading...

Exchange Rates, Common Currency, International Trade

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 53 (371,626)

Abstract:

Loading...

29.

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: 27 Oct 2010
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 46 (394,867)

Abstract:

Loading...

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: 14 Oct 2010
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 29 (475,901)

Abstract:

Loading...

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

International Economic Review, Vol. 44, No. 1, pp. 223-242, February 2003
Number of pages: 20 Posted: 18 May 2003
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 16 (554,936)
  • Add to Cart

Abstract:

Loading...

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

HKIMR Working Paper No. 12/2001
Number of pages: 26 Posted: 05 Sep 2007
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 25 (498,522)

Abstract:

Loading...

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

CEPR Discussion Paper No. 2900
Number of pages: 40 Posted: 09 Aug 2001
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 15 (561,433)
  • Add to Cart

Abstract:

Loading...

Risk sharing, fixed exchange rates, flexible exchange rates

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 32 (460,576)

Abstract:

Loading...

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: 28 Nov 2015
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 7 (614,600)

Abstract:

Loading...

33.

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 39 (420,532)

Abstract:

Loading...

Liquidity trap, Monetary policy, Fiscal policy, International spillovers

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
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 38 (424,623)

Abstract:

Loading...

35.
Downloads 37 (428,700)

Exchange Rate Policy and Endogenous Price Flexibility

HKIMR Working Paper No. 20/2004
Number of pages: 33 Posted: 23 Aug 2007 Last Revised: 08 Feb 2008
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 26 (492,517)

Abstract:

Loading...

Monetary Policy, Collateral Constraints, Exchange Rate

Exchange Rate Policy and Endogenous Price Flexibility

CEPR Discussion Paper No. 4121
Number of pages: 37 Posted: 06 Jan 2004
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 11 (587,772)
  • Add to Cart

Abstract:

Loading...

Exchange rate, sticky prices

36.

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 35 (436,848)

Abstract:

Loading...

globalisation, foreign exchange intervention, exchange rate pass through

37.

Leverage Constraints and the International Transmission of Shocks

HKIMR Working Paper No. 13/2010
Number of pages: 43 Posted: 22 Jun 2010
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 35 (436,848)

Abstract:

Loading...

Leverage, International Transmission, Portfolios

38.

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 35 (436,848)

Abstract:

Loading...

International Risk Sharing, Backus-Smith Puzzle

Price Setting in a Leading Swiss Online Supermarket

NBER Working Paper No. w17126
Number of pages: 33 Posted: 20 Jun 2011
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 18 (542,166)

Abstract:

Loading...

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 16 (554,936)

Abstract:

Loading...

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 18 (542,166)

Abstract:

Loading...

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: 11 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 15 (561,433)

Abstract:

Loading...

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
Downloads 0
  • Add to Cart

Abstract:

Loading...

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

Abstract:

Loading...

41.

A Macroeconomic Analysis of EU Accession Under Alternative Monetary Policies

Journal of Common Market Studies, Vol. 41, pp. 941-964, December 2003
Number of pages: 24 Posted: 17 Mar 2004
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 32 (449,490)
  • Add to Cart

Abstract:

Loading...

42.

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 31 (454,115)

Abstract:

Loading...

liquidity trap, monetary policy, fiscal policy, international spillovers

43.

A Tale of Two Currencies: The Asian Crisis and the Exchange Rate Regimes of Hong Kong and Singapore

Review of International Economics, Vol. 11, pp. 38-54, 2003
Number of pages: 17 Posted: 18 Mar 2003
Michael B. Devereux
University of British Columbia (UBC) - Department of Economics
Downloads 27 (473,469)
  • Add to Cart

Abstract:

Loading...

44.

Understanding Bilateral Exchange Rate Volatility

CEPR Discussion Paper No. 3518
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 (473,469)
  • Add to Cart

Abstract:

Loading...

Exchange rate volatility, optimal currency area, financing constraints

45.

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
Downloads 25 (484,102)
  • Add to Cart

Abstract:

Loading...

Country profiles, solution methods

46.

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 23 (494,979)

Abstract:

Loading...

Real exchange rates, Eurozone

47.

Country Portfolios in Open Economy Macro Models

NBER Working Paper No. w14372
Number of pages: 39 Posted: 08 Oct 2008
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 22 (500,656)

Abstract:

Loading...

48.

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 19 (517,789)

Abstract:

Loading...

globalisation, foreign exchange intervention, exchange rate pass-through

49.

Consumption and Real Exchange Rates in Professional Forecasts

NBER Working Paper No. w14795
Number of pages: 44 Posted: 23 Mar 2009
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 18 (523,548)

Abstract:

Loading...

50.

External Currency Pricing and the East Asian Crisis

CEPR Discussion Paper No. 4642
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
Downloads 18 (523,548)
  • Add to Cart

Abstract:

Loading...

East Asian crisis, small open economy, exchange rate

51.

International Financial Integration and Crisis Contagion

NBER Working Paper No. w20526
Number of pages: 70 Posted: 30 Sep 2014
Michael B. Devereux and Changhua Yu
University of British Columbia (UBC) - Department of Economics and Peking University
Downloads 17 (529,284)

Abstract:

Loading...

52.

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 17 (529,284)

Abstract:

Loading...

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

53.

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
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 17 (529,284)

Abstract:

Loading...

54.

Leverage Constraints and the International Transmission of Shocks

NBER Working Paper No. w16226
Number of pages: 53 Posted: 02 Aug 2010 Last Revised: 03 Nov 2010
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 17 (529,284)

Abstract:

Loading...

55.

Valuation Effects and the Dynamics of Net External Assets

NBER Working Paper No. w14794
Number of pages: 54 Posted: 23 Mar 2009 Last Revised: 04 Jul 2010
Michael B. Devereux and Alan Sutherland
University of British Columbia (UBC) - Department of Economics and University of St. Andrews - School of Management
Downloads 17 (529,284)

Abstract:

Loading...

56.

State Dependent Pricing and Business Cycle Asymmetries

International Economic Review, Vol. 48, No. 1, pp. 281-310, February 2007
Number of pages: 30 Posted: 08 Feb 2007
Michael B. Devereux and Henry Siu
University of British Columbia (UBC) - Department of Economics and University of British Columbia (UBC) - Department of Economics
Downloads 15 (540,772)
  • Add to Cart

Abstract:

Loading...

57.

Predetermined Prices and the Persistent Effects of Money on Output

CEPR Discussion Paper No. 2917
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)
Downloads 15 (540,772)
  • Add to Cart

Abstract:

Loading...

Sticky prices, predetermined prices, money shocks

58.

The Optimal Currency Area in a Liquidity Trap

NBER Working Paper No. w19588
Number of pages: 49 Posted: 01 Nov 2013 Last Revised: 07 Nov 2013
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 14 (546,665)

Abstract:

Loading...

59.

A Simple Model of Optimal Monetary Policy with Financial Constraints

CEPR Discussion Paper No. 4370
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
Downloads 13 (552,588)
  • Add to Cart

Abstract:

Loading...

Monetary policy, collateral constraints, exchange rate

60.

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: 21 Aug 2011
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 12 (558,467)

Abstract:

Loading...

61.

Global Monetary Policy Under a Dollar Standard

CEPR Discussion Paper No. 4317
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
Downloads 11 (564,477)
  • Add to Cart

Abstract:

Loading...

US dollar, monetary policy, international currency

62.

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 10 (570,589)

Abstract:

Loading...

Portfolio Choice, International Risk Sharing, Exchange Rate

63.

Capital Controls, Global Liquidity Traps and the International Policy Trilemma

NBER Working Paper No. w19091
Number of pages: 38 Posted: 31 May 2013
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 10 (570,589)

Abstract:

Loading...

64.

Nominal Stability and Financial Globalization

NBER Working Paper No. w17796
Number of pages: 43 Posted: 27 Jan 2012
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 10 (570,589)

Abstract:

Loading...

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

NBER Working Paper No. w25710
Number of pages: 58 Posted: 01 Apr 2019
Scott Davis and Michael B. Devereux
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of British Columbia (UBC) - Department of Economics
Downloads 5 (628,558)
  • Add to Cart

Abstract:

Loading...

66.

The Extensive Margin, Sectoral Shares and International Business Cycles

NBER Working Paper No. w17289
Number of pages: 32 Posted: 12 Aug 2011
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 8 (582,734)

Abstract:

Loading...

67.

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: 09 Aug 2015
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 6 (595,162)

Abstract:

Loading...

68.

Commodity Currencies and Monetary Policy

NBER Working Paper No. w25076
Number of pages: 35 Posted: 24 Sep 2018
Michael B. Devereux and Gregor W. Smith
University of British Columbia (UBC) - Department of Economics and Queen's University (Canada)
Downloads 5 (601,563)
  • Add to Cart

Abstract:

Loading...

69.

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: 20 Jul 2014
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 4 (608,274)

Abstract:

Loading...

70.

Exchange Rates, Local Currency Pricing and International Tax Policies

NBER Working Paper No. w25111
Number of pages: 44 Posted: 01 Oct 2018
Sihao Chen, Michael B. Devereux, Juanyi (Jenny) Xu and Kang Shi
Hong Kong University of Science & Technology (HKUST), 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
Downloads 3 (615,971)
  • Add to Cart

Abstract:

Loading...

71.

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
Downloads 3 (615,971)
  • Add to Cart

Abstract:

Loading...

Country portfolios, Net foreign asset dynamics, Valuation effects

72.

Endogenous Trade Protection and Exchange Rate Adjustment

NBER Working Paper No. w25517
Number of pages: 44 Posted: 04 Feb 2019
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)
Downloads 2 (625,656)
  • Add to Cart

Abstract:

Loading...

73.

Capital Controls, Global Liquidity Traps, and the International Policy Trilemma

The Scandinavian Journal of Economics, Vol. 116, Issue 1, pp. 158-189, 2014
Number of pages: 32 Posted: 31 Dec 2013
Michael B. Devereux and James Yetman
University of British Columbia (UBC) - Department of Economics and Bank for International Settlements (BIS)
Downloads 2 (625,656)
  • Add to Cart

Abstract:

Loading...

Financial openness, international transmission, zero lower bound

74.

The Canadian Border and the US Dollar: The Impact of Exchange Rate Changes on US Retailers

Canadian Journal of Economics/Revue canadienne d'économique, Vol. 50, Issue 5, pp. 1525-1555, 2017
Number of pages: 31 Posted: 02 Jan 2018
Zhe Chen, Michael B. Devereux and Beverly J. Lapham
University of International Business and Economics, University of British Columbia (UBC) - Department of Economics and Queen's University
Downloads 1 (638,107)
  • Add to Cart

Abstract:

Loading...

75.

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
Downloads 1 (638,107)
  • Add to Cart

Abstract:

Loading...

Forward Guidance, Lower Bound, Monetary Policy, Optimal Currency Area

76.

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
Downloads 1 (638,107)
  • Add to Cart

Abstract:

Loading...

financial contagion, international financial integration, leverage, occasionally binding contracts

77.

Trends in European Real Exchange Rates

Economic Policy, Vol. 28, Issue 74, pp. 193-242, 2013
Number of pages: 50 Posted: 13 Apr 2013
Martin Berka and Michael B. Devereux
School of Economics and Finance, Massey University and University of British Columbia (UBC) - Department of Economics
Downloads 1 (638,107)
  • Add to Cart

Abstract:

Loading...

78.

Vehicle Currency

International Economic Review, Vol. 54, Issue 1, pp. 97-133, 2013
Number of pages: 37 Posted: 24 Jan 2013
Michael B. Devereux and Shouyong Shi
University of British Columbia (UBC) - Department of Economics and Pennsylvania State University
Downloads 1 (638,107)
  • Add to Cart

Abstract:

Loading...

79.

The Extensive Margin, Sectoral Shares, and International Business Cycles - La Marge Extensive, Les Parts Des Secteurs Et Les Cycles D’Affaires Internationaux

Canadian Journal of Economics/Revue canadienne d'économique, Vol. 45, Issue 2, pp. 509-534, 2012
Number of pages: 26 Posted: 04 May 2012
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 1 (638,107)
  • Add to Cart

Abstract:

Loading...

80.

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
Downloads 0 (656,222)
  • Add to Cart

Abstract:

Loading...

Country Portfolios, Financial Globalization, Nominal stability

81.

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

Abstract:

Loading...