Enrique Martínez-García

Federal Reserve Bank of Dallas - Research Department

Senior Research Economist and Advisor

2200 North Pearl Street

PO Box 655906

Dallas, TX 75265-5906

United States

http://sites.google.com/view/emgeconomics

SCHOLARLY PAPERS

43

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1,376

CITATIONS
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30

Scholarly Papers (43)

1.

Monitoring Housing Markets for Episodes of Exuberance: An Application of the Phillips Et Al. (2012, 2013) GSADF Test on the Dallas Fed International House Price Database

Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Working Paper No. 165
Number of pages: 28 Posted: 14 Jan 2014
Lancaster University - Department of Economics, Lancaster University - Management School, Lancaster University - Management School, Lancaster University - Management School, Federal Reserve Bank of Dallas - Research Department, Federal Reserve Banks - Federal Reserve Bank of Dallas and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 181 (165,427)
Citation 4

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House Prices; Unit-root Tests; Exuberance.

2.

The Global Slack Hypothesis

Federal Reserve Bank of Dallas Staff Papers No. 10, 2010
Number of pages: 37 Posted: 06 Jan 2011
Mark Wynne and Enrique Martínez-García
Federal Reserve Bank of Dallas and Federal Reserve Bank of Dallas - Research Department
Downloads 74 (317,674)

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Global slack hypothesis, Phillips Curve, inflation, globalization

3.

Database of Global Economic Indicators (DGEI): A Methodological Note

Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Working Paper No. 166
Number of pages: 93 Posted: 14 Jan 2014 Last Revised: 15 Jul 2015
Valerie Grossman, Adrienne Mack and Enrique Martínez-García
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Banks - Federal Reserve Bank of Dallas and Federal Reserve Bank of Dallas - Research Department
Downloads 69 (330,192)
Citation 1

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Global Indicators; Aggregation Methods; Global Cycles

Understanding the Aggregate Effects of Credit Frictions and Uncertainty

Globalization and Monetary Policy Institute Working Paper No. 317
Number of pages: 50 Posted: 21 Jun 2017
Nathan S. Balke, Enrique Martínez-García and Zheng Zeng
Southern Methodist University (SMU) - Department of Economics, Federal Reserve Bank of Dallas - Research Department and Bowling Green State University, Department of Economics
Downloads 30 (477,286)

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Understanding the Aggregate Effects of Credit Frictions and Uncertainty

Number of pages: 50 Posted: 15 Jun 2017
Nathan S. Balke, Enrique Martínez-García and Zheng Zeng
Southern Methodist University (SMU) - Department of Economics, Federal Reserve Bank of Dallas - Research Department and Bowling Green State University, Department of Economics
Downloads 28 (488,039)

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Stochastic Volatility, Uncertainty, Financial Accelerator, Perturbation Methods

5.

The Balance Sheet Channel

Number of pages: 34 Posted: 09 Dec 2013
Ethan Cohen-Cole and Enrique Martínez-García
Econ One Research and Federal Reserve Bank of Dallas - Research Department
Downloads 58 (360,784)
Citation 1

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Balance Sheet, External Finance Premium, Financial Accelerator

6.

The Real Exchange Rate in Sticky-Price Models: Does Investment Matter

Bank of England Working Paper No. 368
Number of pages: 47 Posted: 27 Apr 2009
Enrique Martínez-García and Jens Sondergaard
Federal Reserve Bank of Dallas - Research Department and Bank of England - Monetary Analysis
Downloads 57 (363,887)

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Real exchange rates, capital accumulation, Taylor rules

7.

Global Slack as a Determinant of U.S. Inflation

Bank for International Settlements, 2013. "Globalisation and inflation dynamics in Asia and the Pacific," BIS Papers, Bank for International Settlements, number 70, May.
Number of pages: 6 Posted: 09 Dec 2013
Enrique Martínez-García and Mark Wynne
Federal Reserve Bank of Dallas - Research Department and Federal Reserve Bank of Dallas
Downloads 50 (386,328)
Citation 1

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Global Slack Hypothesis, New Keynesian Model, Inflation

Monetary Policy Expectations and Economic Fluctuations at the Zero Lower Bound

Number of pages: 56 Posted: 09 May 2015
Rachel Doehr and Enrique Martínez-García
Claremont McKenna College and Federal Reserve Bank of Dallas - Research Department
Downloads 28 (488,039)

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Expectations, Survey Data, Monetary Policy, Economic Fluctuations

Monetary Policy Expectations and Economic Fluctuations at the Zero Lower Bound

Globalization and Monetary Policy Institute Working Paper No. 240
Number of pages: 56 Posted: 17 Aug 2015
Rachel Doehr and Enrique Martínez-García
Claremont McKenna College and Federal Reserve Bank of Dallas - Research Department
Downloads 21 (530,806)

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9.

A Monetary Model of the Exchange Rate with Informational Frictions

Number of pages: 53 Posted: 04 May 2009
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 44 (407,245)

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Information Frictions, Real Exchange Rate, PPP Puzzle

Inflation as a Global Phenomenon -- Some Implications for Policy Analysis and Forecasting

Number of pages: 52 Posted: 23 Sep 2015 Last Revised: 04 Oct 2015
Ayşe Kabukçuoğlu and Enrique Martínez-García
Koç University and Federal Reserve Bank of Dallas - Research Department
Downloads 28 (488,039)

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Inflation Dynamics, Open-Economy Phillips Curve, Forecasting

Inflation as a Global Phenomenon - Some Implications for Policy Analysis and Forecasting

Globalization and Monetary Policy Institute Working Paper No. 261
Number of pages: 53 Posted: 28 Jan 2016
Ayşe Kabukçuoğlu and Enrique Martínez-García
Koç University and Federal Reserve Bank of Dallas - Research Department
Downloads 15 (569,584)

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11.

A Contribution to the Chronology of Turning Points in Global Economic Activity (1980-2012)

Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Working Paper No. 169
Number of pages: 38 Posted: 24 Jan 2014
Valerie Grossman, Adrienne Mack and Enrique Martínez-García
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Banks - Federal Reserve Bank of Dallas and Federal Reserve Bank of Dallas - Research Department
Downloads 41 (418,414)
Citation 2

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Global Business Cycles; Turning Points; Bry-Boschan Algorithm

System Reduction and Finite-Order VAR Solution Methods for Linear Rational Expectations Models

Number of pages: 35 Posted: 27 May 2016
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 24 (511,804)

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Linear Rational Expectations Models, Vector Autoregression Representation, Sylvester Matrix Equation

Finite-Order VAR Representation of Linear Rational Expectations Models: With Some Lessons for Monetary Policy

Globalization and Monetary Policy Institute Working Paper No. 285
Number of pages: 49 Posted: 28 Oct 2016 Last Revised: 21 Feb 2019
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 14 (576,339)

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Linear Rational Expectations Models, Vector Autoregression Representation, Sylvester Matrix Equation, New Keynesian Model, Monetary Policy Shocks

13.

Consequences of the Euro: Monetary Union, Economic Disunion?

Economic Letter, Vol. 11, Issue 2, pp. 1-4, 2016
Number of pages: 4 Posted: 20 Apr 2016
Enrique Martínez-García and Valerie Grossman
Federal Reserve Bank of Dallas - Research Department and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 38 (430,376)

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14.

The Market Resources Method for Solving Dynamic Optimization Problems

Globalization and Monetary Policy Institute Working Paper No. 274
Number of pages: 15 Posted: 28 Jun 2016
Ayşe Kabukçuoğlu and Enrique Martínez-García
Koç University and Federal Reserve Bank of Dallas - Research Department
Downloads 35 (442,653)

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15.

Forecasting Local Inflation with Global Inflation: When Economic Theory Meets the Facts

Number of pages: 34 Posted: 05 Apr 2015
Roberto Duncan and Enrique Martínez-García
Ohio University - Department of Economics and Federal Reserve Bank of Dallas - Research Department
Downloads 35 (442,653)

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Global Inflation, Global Slack Hypothesis, New Open Economy Macroeconomics, Open-Economy Phillips Curves, Inflation Forecasting

Exploring the Nexus between Inflation and Globalization Under Inflation Targeting Through the Lens of New Zealand's Experience

Number of pages: 20 Posted: 23 Mar 2017
Ayşe Kabukçuoğlu, Enrique Martínez-García and Mehmet Soytas
Koç University, Federal Reserve Bank of Dallas - Research Department and Ozyegin University
Downloads 16 (563,052)

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Inflation Dynamics, Open-Economy Phillips Curve, Inflation Targeting, Inflation Forecasting

Exploring the Nexus between Inflation and Globalization Under Inflation Targeting Through the Lens of New Zealand's Experience

Globalization and Monetary Policy Institute Working Paper No. 308
Number of pages: 20 Posted: 05 May 2017
Ayşe Kabukçuoğlu, Enrique Martínez-García and Mehmet Soytas
Koç University, Federal Reserve Bank of Dallas - Research Department and Ozyegin University
Downloads 15 (569,584)

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17.

Globalization and Monetary Policy: An Introduction

Number of pages: 95 Posted: 20 May 2009
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 31 (460,307)
Citation 1

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Globalization, Two-Country DSGE, Monetary Policy

18.

Investment and Trade Patterns in a Sticky-Price, Open-Economy Model

Number of pages: 42 Posted: 04 May 2009
Enrique Martínez-García and Jens Sondergaard
Federal Reserve Bank of Dallas - Research Department and Bank of England - Monetary Analysis
Downloads 31 (460,307)
Citation 2

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Trade Anomalies, Sticky Prices, Local-Currency Pricing

19.

Forecasting Local Inflation with Global Inflation: When Economic Theory Meets the Facts

Globalization and Monetary Policy Institute Working Paper No. 235
Number of pages: 33 Posted: 17 Aug 2015
Roberto Duncan and Enrique Martínez-García
Ohio University - Department of Economics and Federal Reserve Bank of Dallas - Research Department
Downloads 30 (465,037)

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20.

The Real Exchange Rate in Sticky Price Models: Does Investment Matter?

Number of pages: 44 Posted: 04 May 2009
Jens Sondergaard and Enrique Martínez-García
Bank of England - Monetary Analysis and Federal Reserve Bank of Dallas - Research Department
Downloads 29 (469,834)

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Real Exchange Rate, PPP puzzle, Monetary Policy

On the Sustainability of Exchange Rate Target Zones with Central Parity Realignments

Number of pages: 17 Posted: 17 Jun 2015
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 19 (543,687)

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Nominal Exchange Rate, Target Zones, Discrete Intervention, Central Parity Realignment, Imperfect Credibility

On the Sustainability of Exchange Rate Target Zones with Central Parity Realignments

Globalization and Monetary Policy Institute Working Paper No. 243
Number of pages: 17 Posted: 17 Aug 2015
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 8 (617,527)

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22.

Technical Note on 'The Real Exchange Rate in Sticky Price Models: Does Investment Matter?'

Number of pages: 82 Posted: 04 May 2009
Jens Sondergaard and Enrique Martínez-García
Bank of England - Monetary Analysis and Federal Reserve Bank of Dallas - Research Department
Downloads 26 (485,326)

Abstract:

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Real Exchange Rate, PPP puzzle, Monetary Policy

23.

Understanding the Aggregate Effects of Credit Frictions and Uncertainty: Additional Results

Number of pages: 86 Posted: 15 Jun 2017
Nathan S. Balke, Enrique Martínez-García and Zheng Zeng
Southern Methodist University (SMU) - Department of Economics, Federal Reserve Bank of Dallas - Research Department and Bowling Green State University, Department of Economics
Downloads 24 (496,363)
Citation 1

Abstract:

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Stochastic Volatility, Uncertainty, Financial Accelerator, Perturbation Methods

24.

A Redux of the Workhorse NOEM Model with Capital Accumulation and Incomplete Asset Markets

Number of pages: 180 Posted: 09 Dec 2013
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 23 (501,848)

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NOEM Model, Investment Specific Technological Shocks, Incomplete Asset Markets

Good Policies or Good Luck? New Insights on Globalization and the International Monetary Policy Transmission Mechanism

Number of pages: 63 Posted: 06 Jul 2017
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 16 (563,052)
Citation 1

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New Open Economy Macroeconomics, International Monetary Policy Coordination, Trade Openness, Flattening of the Phillips Curve, Great Moderation.

Good Policies or Good Luck? New Insights on Globalization and the International Monetary Policy Transmission Mechanism

Globalization and Monetary Policy Institute Working Paper No. 321
Number of pages: 62 Posted: 24 Jul 2017 Last Revised: 07 Jun 2018
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 6 (631,745)

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26.

New Perspectives on Forecasting Inflation in Emerging Market Economies: An Empirical Assessment

Globalization and Monetary Policy Institute Working Paper No. 338
Number of pages: 58 Posted: 15 Jun 2018
Roberto Duncan and Enrique Martínez-García
Ohio University - Department of Economics and Federal Reserve Bank of Dallas - Research Department
Downloads 21 (513,499)

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27.

Risk, Uncertainty Separately Cloud Global Growth Forecasting

Economic Letter, Vol. 11, Issue 9, pp. 1-4, 2016
Number of pages: 4 Posted: 25 Jul 2016
Alexander Chudik, Enrique Martínez-García and Valerie Grossman
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Bank of Dallas - Research Department and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 21 (513,499)

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28.

Assessing Bayesian Model Comparison in Small Samples

Number of pages: 35 Posted: 23 Aug 2014
Enrique Martínez-García and Mark Wynne
Federal Reserve Bank of Dallas - Research Department and Federal Reserve Bank of Dallas
Downloads 21 (513,499)
Citation 11

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Bayesian Methods, Posterior Model Probabilities, Schwarz Criterion, New Open Economy Macro, Global Slack Hypothesis

29.

Inflation As a Global Phenomenon - Some Implications for Inflation Modelling and Forecasting: Model Derivations and Additional Results

Number of pages: 35 Posted: 28 Nov 2017
Ayşe Kabukçuoğlu and Enrique Martínez-García
Koç University and Federal Reserve Bank of Dallas - Research Department
Downloads 20 (519,268)

Abstract:

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Inflation Dynamics, Open-Economy Phillips Curve, Forecasting

30.

The Global Component of Local In‡flation: Revisiting the Empirical Content of the Global Slack Hypothesis with Bayesian Methods

Number of pages: 53 Posted: 16 Feb 2015
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 19 (525,157)

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Global Slack Hypothesis, New Open Economy Macroeconomics, Open-Economy Phillips Curves, Bayesian Estimation

Ties that Bind: Estimating the Natural Rate of Interest for Small Open Economies

Number of pages: 55 Posted: 08 Apr 2019
Valerie Grossman, Enrique Martínez-García, Mark Wynne and Ren Zhang
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Bank of Dallas - Research Department, Federal Reserve Bank of Dallas and Bowling Green State University - Economics
Downloads 13 (582,933)

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Small Open-Economy Model, Monetary Policy, Natural Rate, Bayesian Estimation

Ties that Bind: Estimating the Natural Rate of Interest for Small Open Economies

Globalization and Monetary Policy Institute Working Paper No. 359
Number of pages: 46 Posted: 22 Apr 2019
Valerie Grossman, Enrique Martínez-García, Mark Wynne and Ren Zhang
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Bank of Dallas - Research Department, Federal Reserve Bank of Dallas and Bowling Green State University
Downloads 5 (639,072)

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Small Open-Economy Model, Monetary Policy, Natural Rate, Bayesian Estimation

Detecting Periods of Exuberance: A Look at the Role of Aggregation with an Application to House Prices

Number of pages: 33 Posted: 16 Aug 2017
Efthymios Pavlidis, Enrique Martínez-García and Valerie Grossman
Lancaster University - Department of Economics, Federal Reserve Bank of Dallas - Research Department and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 11 (596,792)

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Aggregation, Mildly explosive time series, Right-tailed unit-root tests, Sup ADF (SADF) test, Generalized sup ADF (GSADF) test, House prices

Detecting Periods of Exuberance: A Look at the Role of Aggregation with an Application to House Prices

Globalization and Monetary Policy Institute Working Paper No. 325
Number of pages: 33 Posted: 07 Sep 2017 Last Revised: 21 Feb 2019
Efthymios Pavlidis, Enrique Martínez-García and Valerie Grossman
Lancaster University - Department of Economics, Federal Reserve Bank of Dallas - Research Department and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 7 (624,582)

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33.

U.S. Business Cycles, Monetary Policy and the External Finance Premium

Number of pages: 68 Posted: 09 Dec 2013
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 18 (530,948)

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External Finance Premium, Financial Accelerator, Great Moderation

34.

Investment Enhances Emerging Economies' Living Standards

Economic Letter, Vol. 10, Issue 5, pp. 1-4, 2015
Number of pages: 4 Posted: 17 Aug 2015
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 15 (548,462)

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35.

Technical Note on 'Assessing Bayesian Model Comparison in Small Samples'

Number of pages: 22 Posted: 24 Aug 2014
Enrique Martínez-García and Mark Wynne
Federal Reserve Bank of Dallas - Research Department and Federal Reserve Bank of Dallas
Downloads 13 (560,450)

Abstract:

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Bayesian Methods, Posterior Odds Tests, New Open Economy Macro

36.

A Quantitative Assessment of the Role of Incomplete Asset Markets on the Dynamics of the Real Exchange Rate

Number of pages: 21 Posted: 07 Jan 2016
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 11 (572,958)

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Real exchange rates, Local-currency pricing, Sticky prices, Incomplete asset markets, International borrowing costs

37.

The Global Component of Local Inflation: Revisiting the Empirical Content of the Global Slack Hypothesis with Bayesian Methods

Globalization and Monetary Policy Institute Working Paper No. 225
Number of pages: 53 Posted: 17 Aug 2015
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 11 (572,958)

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38.

Finite-Order VAR Representation of Linear Rational Expectations Models: In a Nutshell

Number of pages: 12 Posted: 06 Nov 2018 Last Revised: 11 Dec 2018
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 8 (591,872)

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Linear Rational Expectations Models, Vector Autoregression Representation, Sylvester Matrix Equation, Quadratic Matrix Equation

39.

Quantitative Assessment of the Role of Incomplete Asset Markets on the Dynamics of the Real Exchange Rate

Globalization and Monetary Policy Institute Working Paper No. 262
Number of pages: 21 Posted: 28 Jan 2016
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 7 (598,305)

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40.

Go Figure: Texas Home Prices Head Through the Roof

Southwest Economy, Issue Q1, pp. 19-19, 2018
Number of pages: 1 Posted: 27 Jul 2018
Enrique Martínez-García and Valerie Grossman
Federal Reserve Bank of Dallas - Research Department and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 5 (611,566)

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41.

Explosive Dynamics in House Prices? An Exploration of Financial Market Spillovers in Housing Markets Around the World

Globalization and Monetary Policy Institute Working Paper No. 342
Number of pages: 33 Posted: 09 Aug 2018 Last Revised: 21 Feb 2019
Enrique Martínez-García and Valerie Grossman
Federal Reserve Bank of Dallas - Research Department and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 4 (618,492)

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Financial Spillovers, Mildly Explosive Time Series, Right-Tailed Unit-Root Tests, Dynamic Panel Logit Model, International Housing Markets

42.

Modeling Time-Variation Over the Business Cycle (1960-2017): An International Perspective

Globalization and Monetary Policy Institute Working Paper No. 348
Number of pages: 65 Posted: 31 Oct 2018 Last Revised: 21 Feb 2019
Enrique Martínez-García
Federal Reserve Bank of Dallas - Research Department
Downloads 2 (636,413)

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Great Moderation, Globalization, International Business Cycles, Stochastic Volatility, Time-Varying Parameters

43.

Episodes of Exuberance in Housing Markets: In Search of the Smoking Gun

Journal of Real Estate Finance and Economics, Vol. 53, No. 4, 2016
Posted: 01 Oct 2016
Federal Reserve Bank of Dallas - Research Department, Lancaster University - Department of Economics, Lancaster University - Management School, Lancaster University - Management School, Lancaster University - Management School, Federal Reserve Banks - Federal Reserve Bank of Dallas and Federal Reserve Banks - Federal Reserve Bank of Dallas

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House prices; Mildly explosive time series; Sup ADF test; Generalized Sup ADF test; Panel GSADF; Probit model