Enrique G. Mendoza

University of Pennsylvania

Presidential Term Professor

Philadelphia, PA 19104

United States

http://www.sas.upenn.edu/~egme/index.html

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

77

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6,982

CITATIONS
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in Total Papers Citations

352

Scholarly Papers (77)

1.

Rational Herd Behavior and the Globalization of Securities Markets

Duke Economics Working Paper No. 97-26
Number of pages: 46 Posted: 13 Aug 1998
Guillermo A. Calvo and Enrique G. Mendoza
Columbia University - School of International & Public Affairs (SIPA) and University of Pennsylvania
Downloads 1,256 (15,099)
Citation 34

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2.

Overborrowing, Financial Crises and ‘Macro-Prudential’ Policy?

IMF Working Paper No. 11/24
Number of pages: 54 Posted: 07 Feb 2011
Javier Bianchi and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis and University of Pennsylvania
Downloads 414 (68,925)
Citation 7

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Borrowing, Business cycles, Credit, Economic models, Financial crisis, Global Financial Crisis 2008-2009

3.

Empirical Puzzles of Chilean Stabilization Policy

Number of pages: 40 Posted: 13 May 1998
Guillermo A. Calvo and Enrique G. Mendoza
Columbia University - School of International & Public Affairs (SIPA) and University of Pennsylvania
Downloads 386 (74,915)
Citation 8

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An Anatomy of Credit Booms: Evidence from Macro Aggregates and Micro Data

IMF Working Paper No. 08/226
Number of pages: 52 Posted: 08 Oct 2008
Enrique G. Mendoza and Marco E. Terrones
University of Pennsylvania and International Monetary Fund (IMF)
Downloads 194 (154,201)

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Credit expansion, Business cycles, Emerging markets, Asset prices, Current account deficits, Productivity

An Anatomy of Credit Booms: Evidence from Macro Aggregates and Micro Data

FRB International Finance Discussion Paper No. 936
Number of pages: 62 Posted: 31 Oct 2008
Enrique G. Mendoza and Marco E. Terrones
University of Pennsylvania and International Monetary Fund (IMF)
Downloads 95 (272,781)
Citation 47

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Credit booms, business cycles, emerging markets

An Anatomy of Credit Booms: Evidence from Macro Aggregates and Micro Data

NBER Working Paper No. w14049
Number of pages: 59 Posted: 02 Jun 2008 Last Revised: 05 Jun 2008
Enrique G. Mendoza and Marco E. Terrones
University of Pennsylvania and International Monetary Fund (IMF)
Downloads 54 (376,405)

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5.
Downloads 259 (116,369)
Citation 130

How Big (Small?) are Fiscal Multipliers?

IMF Working Paper No. 11/52
Number of pages: 67 Posted: 14 Mar 2011
Ethan Ilzetzki, Enrique G. Mendoza and Carlos A. Végh Gramont
London School of Economics & Political Science (LSE) - Department of Economics, University of Pennsylvania and affiliation not provided to SSRN
Downloads 173 (171,105)

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Consumption, Cross country analysis, Developed countries, Developing countries, Exchange rate regimes, External shocks, Fiscal policy, Government expenditures, Public debt, Trade liberalization

How Big (Small?) are Fiscal Multipliers?

NBER Working Paper No. w16479
Number of pages: 39 Posted: 25 Oct 2010
Ethan Ilzetzki, Enrique G. Mendoza and Carlos A. Vegh
London School of Economics & Political Science (LSE) - Department of Economics, University of Pennsylvania and University of Maryland - Department of Economics
Downloads 86 (290,951)
Citation 85

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A Solution to the Default Risk-Business Cycle Disconnect

FRB International Finance Discussion Paper No. 924
Number of pages: 48 Posted: 14 Apr 2008
Enrique G. Mendoza and Vivian Z. Yue
University of Pennsylvania and Emory University
Downloads 192 (155,657)
Citation 31

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Business cycles, sovereign default, emerging economies

A Solution to the Disconnect between Country Risk and Business Cycle Theories

NBER Working Paper No. w13861
Number of pages: 46 Posted: 19 Mar 2008 Last Revised: 30 Apr 2010
Enrique G. Mendoza and Vivian Z. Yue
University of Pennsylvania and Emory University
Downloads 29 (478,842)
Citation 1

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7.

The Syndrome of Exchange-Rate-Based Stabilizations and the Uncertain Duration of Currency Pegs

Duke Economics Working Paper No. 97-30
Number of pages: 44 Posted: 13 Aug 1998
Enrique G. Mendoza and Martín Uribe
University of Pennsylvania and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 215 (140,084)
Citation 10

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8.

The Business Cycles of Currency Speculation: A Revision of the Mundellian Framework

FRB International Finance Discussion Paper No. 617
Number of pages: 43 Posted: 28 Sep 1998
Enrique G. Mendoza and Martín Uribe
University of Pennsylvania and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 203 (147,845)
Citation 6

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9.

A Comparative Analysis of the Structure of Tax Systems in Industrial Countries

IMF Working Paper No. 93/14
Number of pages: 62 Posted: 15 Feb 2006
Enrique G. Mendoza, Assaf Razin and Linda L. Tesar
University of Pennsylvania, Tel Aviv University - Eitan Berglas School of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 191 (156,443)

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Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies

IMF Working Paper No. 06/88
Number of pages: 34 Posted: 17 May 2006
Enrique G. Mendoza
University of Pennsylvania
Downloads 118 (234,202)

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real exchange rate, managed exchange rates, sudden stops, liability dollarization

Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies

NBER Working Paper No. w11691
Number of pages: 44 Posted: 16 Dec 2005 Last Revised: 27 Jul 2009
Enrique G. Mendoza
University of Pennsylvania
Downloads 32 (463,375)
Citation 14

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Financial Integration, Financial Deepness and Global Imbalances

NBER Working Paper No. w12909
Number of pages: 48 Posted: 17 Feb 2007 Last Revised: 22 Mar 2007
Enrique G. Mendoza, Vincenzo Quadrini and José-Victor Rios-Rull
University of Pennsylvania, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Pennsylvania - Department of Economics
Downloads 134 (212,137)
Citation 61

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Financial Integration, Financial Deepness and Global Imbalances

CEPR Discussion Paper No. DP6149
Number of pages: 50 Posted: 19 May 2008
Enrique G. Mendoza, Vincenzo Quadrini and José-Victor Rios-Rull
University of Pennsylvania, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Pennsylvania - Department of Economics
Downloads 7 (619,156)
Citation 154
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International imbalances, portfolio composition, precautionary savings

Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis

IMF Working Paper No. 10/164
Number of pages: 63 Posted: 19 Jul 2010
Emine Boz and Enrique G. Mendoza
International Monetary Fund (IMF) and University of Pennsylvania
Downloads 110 (246,485)

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Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis

NBER Working Paper No. w16020
Number of pages: 62 Posted: 04 Jun 2010
Emine Boz and Enrique G. Mendoza
International Monetary Fund (IMF) and University of Pennsylvania
Downloads 25 (501,622)

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Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis

CEPR Discussion Paper No. DP7967
Number of pages: 57 Posted: 24 Aug 2010
Emine Boz and Enrique G. Mendoza
International Monetary Fund (IMF) and University of Pennsylvania
Downloads 5 (633,446)
Citation 36
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asset prices, credit crisis, financial innovation, Fisherian deflation, imperfect information, learning

Macroprudential Policy: Promise and Challenges

PIER Working Paper No. 16-020
Number of pages: 41 Posted: 19 Nov 2016
Enrique G. Mendoza
University of Pennsylvania
Downloads 108 (249,745)

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Macroprudential Policy: Promise and Challenges

NBER Working Paper No. w22868
Number of pages: 41 Posted: 28 Nov 2016
Enrique G. Mendoza
University of Pennsylvania
Downloads 19 (539,210)

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14.
Downloads 117 (234,593)
Citation 9

The Finnish Great Depression: From Russia with Love

Number of pages: 61 Posted: 04 Apr 2009
Yuriy Gorodnichenko, Enrique G. Mendoza and Linda L. Tesar
University of California, Berkeley - Department of Economics, University of Pennsylvania and University of Michigan at Ann Arbor - Department of Economics
Downloads 59 (360,184)

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business cycles, depression, trade, Soviet, reallocation, multi-sector model

The Finnish Great Depression: From Russia with Love

IZA Discussion Paper No. 4113
Number of pages: 63 Posted: 21 Apr 2009
Yuriy Gorodnichenko, Enrique G. Mendoza and Linda L. Tesar
University of California, Berkeley - Department of Economics, University of Pennsylvania and University of Michigan at Ann Arbor - Department of Economics
Downloads 30 (473,572)
Citation 14

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business cycles, depression, trade, Soviet, reallocation, multi-sector model

The Finnish Great Depression: From Russia with Love

NBER Working Paper No. w14874
Number of pages: 62 Posted: 13 Apr 2009 Last Revised: 09 Jan 2015
Yuriy Gorodnichenko, Linda L. Tesar and Enrique G. Mendoza
University of California, Berkeley - Department of Economics, University of Michigan at Ann Arbor - Department of Economics and University of Pennsylvania
Downloads 28 (484,182)

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A General Equilibrium Model of Sovereign Default and Business Cycles

IMF Working Paper No. 11/166
Number of pages: 56 Posted: 19 Jul 2011
Vivian Z. Yue and Enrique G. Mendoza
Emory University and University of Pennsylvania
Downloads 90 (282,539)
Citation 100

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A General Equilibrium Model of Sovereign Default and Business Cycles

NBER Working Paper No. w17151
Number of pages: 55 Posted: 20 Jun 2011
Enrique G. Mendoza and Vivian Z. Yue
University of Pennsylvania and Emory University
Downloads 17 (552,138)
Citation 34

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16.

Do Taxes Matter for Long-Run Growth?: Harberger's Superneutrality Conjecture

IMF Working Paper No. 95/79
Number of pages: 42 Posted: 15 Feb 2006
Enrique G. Mendoza and Patrick K. Asea
University of Pennsylvania and affiliation not provided to SSRN
Downloads 100 (261,867)

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17.

International Evidence on Fiscal Solvency: Is Fiscal Policy Responsible?

IMF Working Paper No. 07/56
Number of pages: 32 Posted: 19 Mar 2007
Jonathan D. Ostry and Enrique G. Mendoza
International Monetary Fund (IMF) and University of Pennsylvania
Downloads 96 (268,954)

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18.

What is a Sustainable Public Debt?

PIER Working Paper No. 15-033
Number of pages: 78 Posted: 15 Sep 2015
Pablo D'Erasmo, Enrique G. Mendoza and Zhang Jing
University of Maryland - College Park, University of Pennsylvania and Federal Reserve Bank of Chicago
Downloads 93 (274,577)

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Sustainable debt, Fiscal solvency, Austerity, Sovereign Default, Distortionary taxes

19.

Do Long-Run Productivity Differentials Explain Long-Run Real Exchange Rates?

IMF Working Paper No. 94/60
Number of pages: 46 Posted: 15 Feb 2006
Patrick K. Asea and Enrique G. Mendoza
affiliation not provided to SSRN and University of Pennsylvania
Downloads 92 (276,427)
Citation 1

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20.

Public Debt, Fiscal Solvency and Macroeconomic Uncertainty in Latin America: The Cases of Brazil, Colombia, Costa Rica, and Mexico

NBER Working Paper No. w10637
Number of pages: 51 Posted: 23 Aug 2004 Last Revised: 03 Jan 2015
Enrique G. Mendoza and Pedro Marcelo Oviedo
University of Pennsylvania and Iowa State University - Department of Economics
Downloads 92 (276,427)
Citation 13

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Are Asset Price Guarantees Useful for Preventing Sudden Stops? A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff

IMF Working Paper No. 06/73
Number of pages: 42 Posted: 26 Apr 2006
Ceyhun Bora Durdu and Enrique G. Mendoza
Federal Reserve Board and University of Pennsylvania
Downloads 65 (342,622)

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Sudden Stops, Fisherian deflation, globalization hazard, moral hazard, price guarantees

Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff

NBER Working Paper No. w11178
Number of pages: 46 Posted: 01 Apr 2005 Last Revised: 19 Nov 2013
Ceyhun Bora Durdu and Enrique G. Mendoza
Federal Reserve Board and University of Pennsylvania
Downloads 21 (526,501)
Citation 17

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22.

Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Mercantilism

FRB International Finance Discussion Paper No. 911
Number of pages: 43 Posted: 28 Dec 2007
Ceyhun Bora Durdu, Enrique G. Mendoza and Marco E. Terrones
Federal Reserve Board, University of Pennsylvania and International Monetary Fund (IMF)
Downloads 82 (296,975)
Citation 64

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Fisherian deflation, liability dollarization, financial globalization, credit constraints, precautionary saving, new mercantilism, sudden stops

23.
Downloads 81 (299,155)
Citation 21

Optimal Time-Consistent Macroprudential Policy

BIS Working Paper No. 516
Number of pages: 80 Posted: 08 Oct 2015
Javier Bianchi and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis and University of Pennsylvania
Downloads 41 (423,768)
Citation 3

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Financial crises, macroprudential policy, systemic risk, collateral constraints

Optimal Time-Consistent Macroprudential Policy

PIER Working Paper No. 15-032
Number of pages: 78 Posted: 15 Sep 2015
Javier Bianchi and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis and University of Pennsylvania
Downloads 26 (495,564)

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Financial crises, macroprudential policy, systemic risk, collateral constraints

Optimal Time-Consistent Macroprudential Policy

NBER Working Paper No. w19704
Number of pages: 78 Posted: 10 Dec 2013
Javier Bianchi and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis and University of Pennsylvania
Downloads 14 (571,665)
Citation 35

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24.

The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade

IMF Working Paper No. 90/109
Number of pages: 54 Posted: 15 Feb 2006
Enrique G. Mendoza
University of Pennsylvania
Downloads 81 (299,155)

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25.

Margin Calls, Trading Costs, and Asset Prices in Emerging Markets: The Finanical Mechanics of the 'Sudden Stop' Phenomenon

NBER Working Paper No. w9286
Number of pages: 54 Posted: 19 Oct 2002 Last Revised: 24 Oct 2002
Enrique G. Mendoza and Katherine A. Smith
University of Pennsylvania and U.S. Naval Academy
Downloads 76 (310,612)
Citation 2

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26.

Credit, Prices, and Crashes: Business Cycles with a Sudden Stop

NBER Working Paper No. w8338
Number of pages: 71 Posted: 16 Jun 2001 Last Revised: 19 Jul 2001
Enrique G. Mendoza
University of Pennsylvania
Downloads 76 (310,612)
Citation 62

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Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q

NBER Working Paper No. w14444
Number of pages: 34 Posted: 27 Oct 2008 Last Revised: 29 Oct 2008
Enrique G. Mendoza
University of Pennsylvania
Downloads 75 (316,266)
Citation 57

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Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q

FRB International Finance Discussion Paper No. 960
Posted: 27 Jan 2009
Enrique G. Mendoza
University of Pennsylvania

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Sudden stops, debt inflation, financial crises, collateral constraints, leverage

Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism

IMF Working Paper No. 07/146
Number of pages: 56 Posted: 23 Aug 2007
Ceyhun Bora Durdu, Enrique G. Mendoza and Marco E. Terrones
Federal Reserve Board, University of Pennsylvania and International Monetary Fund (IMF)
Downloads 59 (360,184)

Abstract:

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Working Paper, Reserves accumulation, Crisis prevention, Financial crisis, Deflation, Deflation, Dollarization, Globalization, Business cycles, Credit, Economic models

Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism

NBER Working Paper No. w13123
Number of pages: 47 Posted: 27 Jun 2007 Last Revised: 15 Aug 2007
Ceyhun Bora Durdu, Enrique G. Mendoza and Marco E. Terrones
Federal Reserve Board, University of Pennsylvania and International Monetary Fund (IMF)
Downloads 12 (584,997)
Citation 19

Abstract:

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29.

Supply-Side Economics in an Integrated World Economy

IMF Working Paper No. 93/81
Number of pages: 62 Posted: 15 Feb 2006
Enrique G. Mendoza and Linda L. Tesar
University of Pennsylvania and University of Michigan at Ann Arbor - Department of Economics
Downloads 70 (325,255)

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30.

A Quantitative Examination of Current Account Dynamics in Equilibrium Models of Barter Economies

IMF Working Paper No. 92/14
Number of pages: 38 Posted: 15 Feb 2006
Enrique G. Mendoza
University of Pennsylvania
Downloads 61 (349,408)

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31.

Effective Tax Rates in Macroeconomics: Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption

NBER Working Paper No. w4864
Number of pages: 34 Posted: 18 Apr 2011
Enrique G. Mendoza, Assaf Razin and Linda L. Tesar
University of Pennsylvania, Tel Aviv University - Eitan Berglas School of Economics and University of Michigan at Ann Arbor - Department of Economics
Downloads 56 (364,276)
Citation 289

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32.

Winners and Losers of Tax Competition in the European Union

NBER Working Paper No. w10051
Number of pages: 28 Posted: 28 Oct 2003 Last Revised: 18 Sep 2009
Enrique G. Mendoza and Linda L. Tesar
University of Pennsylvania and University of Michigan at Ann Arbor - Department of Economics
Downloads 56 (364,276)

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33.

On the Benefits of Dollarization When Stabilization Policy is Not Credible and Financial Markets are Imperfect

NBER Working Paper No. w7824
Number of pages: 54 Posted: 04 Aug 2000 Last Revised: 02 Apr 2001
Enrique G. Mendoza
University of Pennsylvania
Downloads 55 (367,464)
Citation 19

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34.

Regional Contagion and the Globalization of Securities Markets

NBER Working Paper No. w7153
Number of pages: 42 Posted: 21 Sep 1999 Last Revised: 12 Oct 2010
Guillermo A. Calvo and Enrique G. Mendoza
Columbia University - School of International & Public Affairs (SIPA) and University of Pennsylvania
Downloads 54 (370,610)
Citation 158

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35.

On the Solvency of Nations: Are Global Imbalances Consistent with Intertemporal Budget Constraints?

FRB International Finance Discussion Paper No. 975
Number of pages: 40 Posted: 15 Aug 2009
Ceyhun Bora Durdu, Enrique G. Mendoza and Marco E. Terrones
Federal Reserve Board, University of Pennsylvania and International Monetary Fund (IMF)
Downloads 52 (376,904)

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global imbalances, external solvency, debt sustainability, Pooled Mean Group estimation

36.

Financial Globalization, Financial Crises and Contagion

NBER Working Paper No. w15432
Number of pages: 35 Posted: 26 Oct 2009 Last Revised: 04 Sep 2010
Enrique G. Mendoza and Vincenzo Quadrini
University of Pennsylvania and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 51 (380,156)
Citation 15

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37.

The International Macroeconomics of Taxation and the Case Against European Tax Harmonization

NBER Working Paper No. w8217
Number of pages: 54 Posted: 29 Mar 2001 Last Revised: 11 Feb 2010
Enrique G. Mendoza
University of Pennsylvania
Downloads 51 (380,156)
Citation 2

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38.

The Business Cycles of Balance-of-Payment Crises: a Revision of Mundellan Framework

NBER Working Paper No. w7045
Number of pages: 49 Posted: 09 Jul 1999 Last Revised: 05 May 2000
Enrique G. Mendoza and Martín Uribe
University of Pennsylvania and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 49 (386,767)
Citation 2

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Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies

PIER Working Paper No. 17-002
Number of pages: 50 Posted: 09 Feb 2017
Bank of Mexico - Economic Studies, University of Pennsylvania, Banco de Mexico and Banco de Mexico
Downloads 28 (484,182)
Citation 2

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Financial Frictions, Monetary Policy, Financial Policy

Tight Money - Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies

ECB Working Paper No. 2129
Number of pages: 53 Posted: 07 Feb 2018
Bank of Mexico - Economic Studies, University of Pennsylvania, Banco de Mexico and Banco de Mexico
Downloads 15 (565,021)

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Financial Frictions, Monetary Policy, Financial Policy

Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies

NBER Working Paper No. w23151
Number of pages: 50 Posted: 13 Feb 2017
Bank of Mexico - Economic Studies, University of Pennsylvania, Banco de Mexico and Banco de Mexico
Downloads 5 (633,446)

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Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies

NBER Working Paper No. w16782
Number of pages: 49 Posted: 14 Feb 2011
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF), University of Pennsylvania, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 45 (408,151)
Citation 69

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Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies

The Economic Journal, Vol. 123, Issue 566, pp. F4-F30, 2013
Number of pages: 27 Posted: 27 Feb 2013
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF), University of Pennsylvania, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 3 (649,836)
Citation 14
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41.

Credit Frictions and 'Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises

NBER Working Paper No. w8880
Number of pages: 88 Posted: 04 Apr 2002 Last Revised: 22 Nov 2009
Cristina Arellano and Enrique G. Mendoza
Duke University - Graduate School and University of Pennsylvania
Downloads 47 (393,693)
Citation 24

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Macro-Prudential Policy in a Fisherian Model of Financial Innovation

IMF Working Paper No. 12/181
Number of pages: 55 Posted: 01 Nov 2012
Javier Bianchi, Emine Boz and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis, International Monetary Fund (IMF) and University of Pennsylvania
Downloads 28 (484,182)
Citation 26

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Financial Crises, Financial Innovation, Macro-prudential Regulation, Bayesian Learning, Economic Models, Macroprudential Policy

Macro-Prudential Policy in a Fisherian Model of Financial Innovation

NBER Working Paper No. w18036
Number of pages: 53 Posted: 12 May 2012
Javier Bianchi, Emine Boz and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis, International Monetary Fund (IMF) and University of Pennsylvania
Downloads 16 (558,433)
Citation 1

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43.

Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q

NBER Working Paper No. w12564
Number of pages: 48 Posted: 08 Oct 2006 Last Revised: 24 Jan 2007
Enrique G. Mendoza
University of Pennsylvania
Downloads 44 (404,271)
Citation 3

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44.

Efficient Arbitrage Under Financial Indexation: The Case of Chile

IMF Working Paper No. 91/49
Number of pages: 36 Posted: 15 Feb 2006
Enrique G. Mendoza
University of Pennsylvania
Downloads 44 (404,271)

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45.

Fundamentals News, Global Liquidity and Macroprudential Policy

PIER Working Paper No. 15-043
Number of pages: 35 Posted: 19 Nov 2016
Javier Bianchi, Chenxin Liu and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis, University of Wisconsin - Madison - Department of Economics and University of Pennsylvania
Downloads 43 (408,006)
Citation 12

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Financial crises, macroprudential policy, systemic risk, global liquidity, news shocks

46.

Lessons from the Debt-Deflation Theory of Sudden Stops

NBER Working Paper No. w11966
Number of pages: 15 Posted: 13 Apr 2006 Last Revised: 13 Sep 2010
Enrique G. Mendoza
University of Pennsylvania
Downloads 42 (411,650)
Citation 18

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47.

Quantitative Implication of a Debt-Deflation Theory of Sudden Stops and Asset Prices

NBER Working Paper No. w10940
Number of pages: 48 Posted: 19 Dec 2004 Last Revised: 10 Jan 2005
Enrique G. Mendoza and Katherine A. Smith
University of Pennsylvania and U.S. Naval Academy
Downloads 42 (411,650)
Citation 74

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48.

Trade Reforms of Uncertain Duration and Real Uncertainty: A First Approximation

IMF Working Paper No. 94/45
Number of pages: 42 Posted: 15 Feb 2006
Enrique G. Mendoza
University of Pennsylvania
Downloads 40 (419,105)
Citation 2

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49.

On the Welfare Implications of Financial Globalization Without Financial Development

NBER Working Paper No. w13412
Number of pages: 34 Posted: 18 Sep 2007 Last Revised: 15 Jul 2014
Enrique G. Mendoza, Vincenzo Quadrini and José-Victor Rios-Rull
University of Pennsylvania, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Pennsylvania - Department of Economics
Downloads 37 (431,188)
Citation 14

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Optimal Domestic (And External) Sovereign Default

PIER Working Paper No. 16-019
Number of pages: 74 Posted: 19 Nov 2016
Pablo D'Erasmo and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania
Downloads 16 (558,433)

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Public debt, sovereign default, debt crisis, European crisis

Optimal Domestic (and External) Sovereign Default

NBER Working Paper No. w22509
Number of pages: 74 Posted: 16 Aug 2016
Pablo D'Erasmo and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania
Downloads 12 (584,997)

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Optimal Domestic (and External) Sovereign Default

FRB of Philadelphia Working Paper No. 17-4
Number of pages: 76 Posted: 20 Jun 2017
Pablo D'Erasmo and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania
Downloads 8 (612,238)

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public debt, sovereign default, debt crisis, European crisis

51.

On the Solvency of Nations: Are Global Imbalances Consistent with Intertemporal Budget Constraints?

IMF Working Paper No. 10/50
Number of pages: 40 Posted: 02 Mar 2010
Ceyhun Bora Durdu, Marco E. Terrones and Enrique G. Mendoza
Board of Governors of the Federal Reserve System, International Monetary Fund (IMF) and University of Pennsylvania
Downloads 36 (435,214)

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Balance of payments positions, Cross country analysis, Current account, Debt sustainability, Developed countries, Economic models, Emerging markets, International financial system, Time series

52.

Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer

NBER Working Paper No. w12586
Number of pages: 51 Posted: 17 Oct 2006 Last Revised: 21 Feb 2007
Enrique G. Mendoza and Pedro Marcelo Oviedo
University of Pennsylvania and Iowa State University - Department of Economics
Downloads 35 (439,368)
Citation 7

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53.

International Evidence on Fiscal Solvency: Is Fiscal Policy "Responsible"?

NBER Working Paper No. w12947
Number of pages: 42 Posted: 09 Mar 2007 Last Revised: 15 Jun 2007
Enrique G. Mendoza and Jonathan D. Ostry
University of Pennsylvania and International Monetary Fund (IMF)
Downloads 34 (443,511)
Citation 37

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54.

Overborrowing, Financial Crises and 'Macro-Prudential' Taxes

NBER Working Paper No. w16091
Number of pages: 62 Posted: 21 Jun 2010
Javier Bianchi and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis and University of Pennsylvania
Downloads 32 (452,141)
Citation 15

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History Remembered: Optimal Sovereign Default on Domestic and External Debt

PIER Working Paper No. 18-018
Number of pages: 86 Posted: 14 Sep 2018
Pablo D'Erasmo and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania
Downloads 29 (478,842)

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public debt, sovereign default, debt crisis, European crisis

History Remembered: Optimal Sovereign Default on Domestic and External Debt

NBER Working Paper No. w25073
Number of pages: 59 Posted: 24 Sep 2018
Pablo D'Erasmo and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania
Downloads 2 (661,029)
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56.

Phases of Global Liquidity, Fundamentals News, and the Design of Macroprudential Policy

BIS Working Paper No. 505
Number of pages: 34 Posted: 03 Aug 2015
Javier Bianchi and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Minneapolis and University of Pennsylvania
Downloads 31 (456,817)

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financial crises, macroprudential policy, systemic risk, global liquidity, news shocks

57.

A Quantitative Analysis of Tax Competition V. Tax Coordination Under Perfect Capital Mobility

NBER Working Paper No. w9746
Number of pages: 42 Posted: 07 Jun 2003 Last Revised: 03 Nov 2010
Enrique G. Mendoza and Linda L. Tesar
University of Pennsylvania and University of Michigan at Ann Arbor - Department of Economics
Downloads 31 (456,817)

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58.

What is a Sustainable Public Debt?

NBER Working Paper No. w21574
Number of pages: 78 Posted: 21 Sep 2015
Pablo D'Erasmo, Enrique G. Mendoza and Jing Zhang
Federal Reserve Banks - Federal Reserve Bank of Philadelphia, University of Pennsylvania and University of Michigan at Ann Arbor
Downloads 29 (466,295)

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Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies

FRB of Chicago Working Paper No. 2014-13
Number of pages: 74 Posted: 19 Nov 2014
Enrique G. Mendoza, Linda L. Tesar and Jing Zhang
University of Pennsylvania, University of Michigan at Ann Arbor - Department of Economics and University of Michigan at Ann Arbor
Downloads 24 (507,642)
Citation 9

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European debt crisis, tax competition, capacity utilization, fiscal austerity

Saving Europe?: The Unpleasant Arithmetic of Fiscal Austerity in Integrated Economies

NBER Working Paper No. w20200
Number of pages: 62 Posted: 26 Sep 2014
Enrique G. Mendoza, Linda L. Tesar and Jing Zhang
University of Pennsylvania, University of Michigan at Ann Arbor - Department of Economics and University of Michigan at Ann Arbor
Downloads 5 (633,446)
Citation 2

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60.

Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees

NBER Working Paper No. w10790
Number of pages: 51 Posted: 06 Oct 2004 Last Revised: 27 Jun 2010
Enrique G. Mendoza and Ceyhun Bora Durdu
University of Pennsylvania and Federal Reserve Board
Downloads 29 (466,295)
Citation 1

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61.

On the Instability of Variance Decompositions of the Real Exchange Rate Across Exchange-Rate-Regimes: Evidence from Mexico and the United States

NBER Working Paper No. w7768
Number of pages: 24 Posted: 18 Jul 2000 Last Revised: 02 Apr 2001
Enrique G. Mendoza
University of Pennsylvania
Downloads 29 (466,295)
Citation 4

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62.

Supply-Side Economics in a Global Economy

NBER Working Paper No. w5086
Number of pages: 60 Posted: 01 Jul 2000
Enrique G. Mendoza and Linda L. Tesar
University of Pennsylvania and University of Michigan at Ann Arbor - Department of Economics
Downloads 27 (476,313)
Citation 1

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63.

Devaluation Risk and the Syndrome of Exchange-Rate-Based Stabilizations

NBER Working Paper No. w7014
Number of pages: 48 Posted: 08 Jul 1999 Last Revised: 12 Oct 2010
Enrique G. Mendoza and Martín Uribe
University of Pennsylvania and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 26 (481,559)
Citation 3

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64.

Why Should Emerging Economies Give Up National Currencies: A Case for 'Institutions Substitution'

NBER Working Paper No. w8950
Number of pages: 39 Posted: 17 May 2002 Last Revised: 20 Nov 2009
Enrique G. Mendoza
University of Pennsylvania
Downloads 25 (487,052)
Citation 1

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65.

Credit Frictions and 'Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises

IDB Working Paper No. 396
Number of pages: 78 Posted: 12 Apr 2011
Cristina Arellano and Enrique G. Mendoza
Duke University - Graduate School and University of Pennsylvania
Downloads 19 (520,989)
Citation 9

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66.

An Anatomy of Credit Booms and Their Demise

NBER Working Paper No. w18379
Number of pages: 44 Posted: 15 Sep 2012
Enrique G. Mendoza and Marco E. Terrones
University of Pennsylvania and International Monetary Fund (IMF)
Downloads 18 (526,804)
Citation 35

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Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default

PIER Working Paper No. 15-031
Number of pages: 67 Posted: 16 Sep 2015
Pablo D'Erasmo and Enrique G. Mendoza
University of Maryland - College Park and University of Pennsylvania
Downloads 11 (591,806)

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public debt, sovereign default, European debt crisis

Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default

NBER Working Paper No. w19477
Number of pages: 71 Posted: 28 Sep 2013
Pablo D'Erasmo and Enrique G. Mendoza
University of Maryland - College Park and University of Pennsylvania
Downloads 6 (626,184)

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68.

From Sudden Stops to Fisherian Deflation: Quantitative Theory and Policy Implications

NBER Working Paper No. w19362
Number of pages: 41 Posted: 24 Aug 2013
Anton Korinek and Enrique G. Mendoza
University of Virginia - Department of Economics and Darden School of Business and University of Pennsylvania
Downloads 12 (562,165)
Citation 20

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69.

Why Should Emerging Economies Give Up National Currencies? A Case for Institutions Substitution

IDB Working Paper No. 397
Number of pages: 37 Posted: 21 Apr 2011
Enrique G. Mendoza
University of Pennsylvania
Downloads 10 (574,446)

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70.

Resource Curse or Blessing? Sovereign Risk in Resource-Rich Emerging Economies

FRB St. Louis Working Paper No. 2018-32
Number of pages: 68 Posted: 27 Nov 2018 Last Revised: 21 Feb 2019
Franz Hamann, Enrique G. Mendoza and Paulina Restrepo-Echavarria
Central Bank of Colombia, University of Pennsylvania and Federal Reserve Banks - Federal Reserve Bank of St. Louis
Downloads 9 (580,637)

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Sovereign Risk, Oil Production, Oil Reserves, Oil Price Swings

Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets

NBER Working Paper No. w19072
Number of pages: 48 Posted: 24 May 2013
Enrique G. Mendoza and Katherine A. Smith
University of Pennsylvania and U.S. Naval Academy
Downloads 9 (605,385)
Citation 15

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Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets

The Scandinavian Journal of Economics, Vol. 116, Issue 1, pp. 20-57, 2014
Number of pages: 38 Posted: 31 Dec 2013
Enrique G. Mendoza and Katherine A. Smith
University of Pennsylvania and U.S. Naval Academy
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Citation 33
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Capital controls, financial crisis, financial liberalization

72.

On the Solvency of Nations: Cross-Country Evidence on the Dynamics of External Adjustment

NBER Working Paper No. w18380
Number of pages: 39 Posted: 15 Sep 2012 Last Revised: 23 Sep 2012
Ceyhun Bora Durdu, Enrique G. Mendoza and Marco E. Terrones
Board of Governors of the Federal Reserve System, University of Pennsylvania and International Monetary Fund (IMF)
Downloads 8 (586,868)
Citation 10

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73.

Capital Mobility and International Sharing of Cyclical Risk

NBER Working Paper No. w18372
Number of pages: 41 Posted: 08 Sep 2012
Julien Bengui, Enrique G. Mendoza and Vincenzo Quadrini
affiliation not provided to SSRN, University of Pennsylvania and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 8 (586,868)
Citation 2

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74.

Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default

FRB of Philadelphia Working Paper No. 16-23
Number of pages: 72 Posted: 10 Aug 2016
Pablo D'Erasmo and Enrique G. Mendoza
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and University of Pennsylvania
Downloads 6 (599,646)
Citation 1

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Public debt, Sovereign default, European debt crisis

75.

Positive and Normative Implications of Liability Dollarization for Sudden Stops Models of Macroprudential Policy

NBER Working Paper No. w24336
Number of pages: 51 Posted: 21 Feb 2018
Enrique G. Mendoza and Eugenio Rojas
University of Pennsylvania and Chilean Budget Office
Downloads 1 (643,651)
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76.

The Public Debt Crisis of the United States

The Manchester School, Vol. 85, pp. 1-32, 2017
Number of pages: 32 Posted: 03 Aug 2017
Enrique G. Mendoza
University of Pennsylvania
Downloads 0 (661,847)
Citation 1
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77.

From Sudden Stops to Fisherian Deflation: Quantitative Theory and Policy

Annual Review of Economics, Vol. 6, pp. 299-332, 2014
Posted: 08 Aug 2014
Anton Korinek and Enrique G. Mendoza
University of Virginia - Department of Economics and Darden School of Business and University of Pennsylvania

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