New  Globalization and Chinese Growth: Ends of Trends?” (PDF), revised, July 2016.  Forthcoming (il Mulino), edited by Paolo Onofri. 

New "The Plaza Accord, 30 Years Later,” April 2016, Currency Policy Then and Now: 30th Anniversary of the Plaza Accord, edited by C.F. Bergsten and R. Green (PIIE).  NBER WP 21813, Dec. 

New  Liberalism,” The Age of Reflection, vol. 2, issue 10, January 2016 (in English and Farsi),pp.3-5.

"Congress, China, and Currency Manipulation,"
 China-US Focus, vol. 6, April-May 2015, 36-38.

 China is Not Yet Number One,”  in Frontiers of Economics in China, March 2015, 10, no.1, 1-6.   In ESAGEV 11/23/15 (in Turkish).

The Euro Crisis: Where to From Here?pdf, published  in Journal of Policy Modeling, 37, issue 3, May/June 2015. HKS RWP15-015. 

“Nominal-GDP Targets, Without Losing the Inflation Anchor,” in Richard Baldwin & Lucrezia Reichlin, eds., Is Inflation Targeting Dead: Central Banking After the Crisis (Centre for Economic Policy Research: London, 2013), 90-94.

Economic Shocks and International Politics,” Survival: Global Politics and Strategy, no.3, June-July 2012, pp.29-46 M-RCBG WP 12-05.

"Product Price Targeting -- A New Improved Way of Inflation Targeting," in MAS Monetary Review, pp.2-5.  Macroeconomic Review, Economic Policy Group, Vol.XI, issue 1, April 2012 (Monetary Authority of Singapore), 78-81.

 "What Small Countries Can Teach the World,"  Business Economics, no.2, April 2012 , pp.97-103.  [Awarded 2012 Abramson Scroll for outstanding feature article, National Association for Business Economics, 2012].  CID WP 232, 2012.

"Off the Beaten Path," Transitions, Foreign Policy, Feb.16, 2012.

"The Little Economy That Could,"
Transitions, Foreign Policy, Feb.2, 2012.

A Lesson From the South for Fiscal Policy in the US and Other Advanced Countries,”  
Comparative Economic Studies, 53, no.3, Sept. 2011, 407-430.  Reprinted in Changing Lenses: Global  Perspectives to Re-Develop America, edited by Joe Colombano & Aniket Shah (Palgrave Macmillan), 2013: 26-50.   HKS RWP11-014;

"The Curse: Why Natural Resources Are Not Always a Good Thing,” Milken Institute Review, vol.13, no.4, 4th quarter 2011: 28-39.

"The Renminbi Since 2005,"  in The US-Sino Currency Dispute: New Insights from Economics, Politics and Law, edited by Simon Evenett (Centre for Economic Policy Research: London) 2010, 51-60.

 "A Pragmatic Global Climate Policy Architecture," with V. Bosetti, in Issues of the Day: 100 Commentaries on Climate, Energy, the Environment, Transportation, and Public Health Policy, edited by Ian Parry and Felicia Day (Resources for the Future: Washington DC), 2010, p. 4-5.

 "What’s 'In' and What’s 'Out' in Global Money,"  in Finance and Development,, September 2009, 13-17.  

“Environmental Effects of International Trade,” A Report for the Swedish Globalisation Council, Government of Sweden, 2009.

Options for Addressing the Leakage/Competitiveness Issue In Climate Change Policy Proposals,” panel on Proposals to Deal with Leakages, conference on Climate Change, Trade and Investment: Is a Collision Inevitable?, June 9, 2008, Brookings Institution, organized by Lael Brainard.  2009.


Possible Impacts of Global Climate Change Policy on Mexico and other Developing Countries in Coming Years,” memo to Mexican President Felipe Calderón, Jan. 2009.  
Chapter 2.2 of The Mexico Competitiveness Report 2009, edited by Ricardo Hausmann,  CID, Harvard University; and Emilio Lozoya Austin and Irene Mia, WEF  (Geneva: World Economic Forum), 2009.  
Released in June 2009 at a workshop in Mexico City attended by President Calderón.


 “Snake-Oil Tax Cuts, Economic Policy Institute, Briefing Paper 221Presented at panel on The Economics, History, and Public Debate of Supply-Side Policies at Center for American Progress, Sept 2008.  HKS RWP 08-056 pdf.

“Getting Carried Away: How the Carry Trade and Its Potential Unwinding Can Explain Movements in International Financial Markets,”  Nov. 2007Version edited (no footnotes or references) for the Milken Institute Review, 1st quarter, 2008.

 “Eight Reasons We Are Given Not to Worry About the US Deficits,” Working Paper No. 58, 2009, Commission on Growth and Development, chaired by Michael Spence. 

“What Do Economists Mean by Globalization?  Implications for Inflation and Monetary Policy,” Academic Consultants Meeting, Board of Governors of the Federal Reserve System, Sept. 28, 2006.  Slides with graphs.   In Economic Integration - Global Experience, Icfai Univ., Hyderbad; expected date: Oct. 2007.

"Responding to Crises,"  Cato Institute.   Published in Cato Journal 27, no.2, Spring/Summer 2007, pp.165-178.

" Could the Twin Deficits Jeopardize US Hegemony?"  in Twin Deficits, Growth and Stability of the US Economy, Special Issue of Journal of Policy Modeling, edited by Dominick Salvatore, 28, no.6, September 2006, pp. 653-663. 

“Formulas for Quantitative Emission Targets," June 2006  in Architectures for Agreement: Addressing Global Climate Change in the Post Kyoto World, edited by Joe Aldy and Robert Stavins (Cambridge University Press).  
[Press release, "After Kyoto, Then What?" Kennedy School professor outlines plan to confront challenges posed by greenhouse gas emissions, March 2007.]

Comments on Barrett, Nordhaus, Pizer, & Stavins, Kyoto and Beyond: Alternative Approaches to Global Warming, AEA meetings, Jan 6, 2006,  Boston.

“On the Renminbi,”  CESifo Forum, 6, no. 3, Autumn 2005, p.16-21 Ifo Institute for Economic Research, Munich.

"On the Renminbi: The choice between adjustment under a fixed exchange rate and adjustment under a flexible rate,"   written for a High-Level Seminar on Foreign Exchange System,  Dalian, China, May 2004.  KSG RWP04-037, Aug. 2004.   NBER WP 11274, April 2005.   Presentation at American Enterprise Institute, Washington DC, Jan. 10, 2005

"Foreign exchange, entry in the Concise Encyclopedia of Economics, Liberty Fund, Inc., edited by David Henderson, 2008.

 "Climate and Trade: Links Between the Kyoto Protocol and WTO,"  Environment, 47, no. 7, Sept. 2005: 8-19.

“Peg the Export Price Index: A Proposed Monetary Regime for Small Countries,”  For  Journal of Policy Modeling vol. 27, no. 4, edited by Dominick Salvatore, June 2005.   KSG  RWP03-003, Harvard University.

"Designing a Regime of Emission Commitments for Developing Countries that is Cost-Effective and Equitable," with Joseph Aldy, written for G20 Leaders and Climate Change, Council on Foreign Relations, September 2004.

"The Impact of a Revised Kyoto Protocol on Developing Countries," August 2004, forthcoming, Business and Economy, India.

"The World Trading System and Implications of External Opening" written for a forum "From the Washington Consensus Towards a New Global Governance," Fundacio CIDOB, Barcelona, Spain, held September 2004.

"The Flubbed Opportunity for the US to Exercise Global Economic Leadership";  published as "Bush's Spectacular Failure," The International Economy, XVIII, no. 2, Spring 2004.

"Iraq’s Currency Solution? Tie the Dinar to Oil," The International Economy, Fall 2003.

"The UK Decision re EMU: Implications of Currency Blocs for Trade and Business Cycle Correlations," in Submissions on EMU from Leading Academics (H.M. Treasury: London), 2003, p.99-109.

"What Can an Economic Adviser Do When He Disagrees with the President?", Challenge, vol. 46, no. 3., May/June 2003, pp. 1-24. 

“Republican and Democratic Presidents Have Switched Economic Policies,”   Milken Institute Review. vol. 5, no. 1,1st Quarter, 2003, pp. 18-25.

"Promoting Better National Institutions: The Role of the IMF," IMF Staff Papers, 50, 2003.

"A Proposed Monetary Regime for Small Commodity-Exporters: Peg the Export Price (‘PEP’)," (w. appendix) Yale, Apr.2003.  International Finance (Blackwill Publishers), vol. 6, no. 1, Spring 2003, 61-88.

"You're Getting Warmer:  The Most Feasible Path for Addressing Global Climate Change Does Run Through Kyoto," Fondazione Eni Enrico Mattei, Milan, Italy, May 17, 2001.  In Trade and the Environment in the Perspective of the EU Enlargement (Edward Elgar Publishers, UK), edited by John Maxwell and Rafael Reuveny (Edward Elgar Publishers, Ltd., UK), 2005.

"American Economic Policy in the 1990s: Introduction" for American Economic Policy in the 1990s (with Peter Orszag), MIT Press, Cambridge MA, 2002.  KSG Research Working Paper number RWP01-042 October, 2001.

"The Role of Industrial Country Policies in Emerging Market Crises,"with Nouriel Roubini [Click here for summary] NBER Working Paper No. 8634, December 2001.   Published in Economic and Financial Crises in Emerging Market Economies, edited by Martin Feldstein, 2003

"An Estimate of the Effect of Common Currencies on Trade and Income," with Andrew Rose, in Currency Unions, edited by Alberto Alesina and Robert Barro, Hoover Institution Press, Stanford, CA, 2001.  SUMMARY.

"You're Getting Warmer:  The Most Feasible Path for Addressing Global Climate Change Does Run Through Kyoto," Fondazione Eni Enrico Mattei, Milan, Italy, May 17, 2001.   In Trade and the Environment in the Perspective of the EU Enlargement (Edward Elgar Publishers, UK), edited by John Maxwell.

"Globalization of the Economy,"  in Governance in a Globalizing World, Visions of Governance Project, edited by Joseph Nye and John Donahue (Brookings Institution Press, Washington, DC).  NBER WP No 7858, 2000.

"Trade, Environment, and Social Goals, in the Wake of Seattle: A Proposal for a Constructive Way Forward" January 2000.

"International Lender of Last Resort," from Rethinking the International Monetary System,
Federal Reserve Bank of Boston, 1999.

"Trade Blocs: Barriers or Stepping Stones for Global Trade," Keynote Speech before the International Federation of Associations of Business Economists (IFABE), Vancouver, Canada, Nov. 19, 1997.  African Finance Journal, vol 2, part 1, 2000, 1-12.

"Treasury Secretaries and the Dollar" The International Economy, September 1999, p. 7.

"Proposals Regarding Restrictions on Capital Flows,"  African Finance Journal, vol 1, part 1, 1999, 92-104.

"Greenhouse Gas Emissions," Policy Brief no. 52, The Brookings Institution, Washington, DC, June 1999.

"The New Financial Architecture: Exchange Rate Regimes and Financial Integration," Policy Brief no. 51, The Brookings Institution, Washington, DC, June 1999.

"Ten Lessons of the East Asia Crisis," World Bank, May 20, 1999. In Korea Approaches the Millennium, Korea Economic Institute of America, Washington DC 1999.

"International Lender of Last Resort," from Rethinking the International Monetary System, Federal Reserve Bank of Boston, 1999.

"Soros' Split Personality," Foreign Affairs, 78, no. 2, 1999, 124-130.

"The Kyoto Treaty: Economic and Environmental Consequences," comments for a forum at The National Press Club, Sept. 23, 1998. In Climate Change Policy: Practical Strategies to Promote Economic Growth and Environmental Quality, American Council for Capital Formation Center for Policy Research, Washington, DC, 1999, 25-31.

"What Kind of Research on Climate Change Economics Would Be of Greatest Use to Policy-makers?" Proceedings of Workshop on Climate Change and Economic Modeling: Background Analysis for the Kyoto Protocol, OECD Headquarters, Paris, 17-18 September, 1998. In Economic Modeling of Climate Change , OECD, November.

"Asian Economics in Perspective," Keynote Address, Fourth APEC Roundtable, May 26, 1998; Regional Cooperation and Asian Recovery, edited by Peter Petri (Institute of Southeast Asian Studies: Singapore) 2000, pp. 20-35.

"The Asian Model, The Miracle, The Crisis, and the Fund," Currency Crises, edited by Paul Krugman, University of Chicago Press for National Bureau of Economic Research, 1999.   Reprinted in NICs After Asian Miracle, New World Order Series, vol. 23, edited by H.Singer, N.Hatti and R.Tandon, BR Publishing Corporation (India) Ltd., 2000.  And to be reprinted in Global Financial Crises and Reforms: Cases and Caveats, B.N.Ghosh, ed., Routledge, UK.

"Impacts of the Euro on Members and Non-Members," and "Keynote Address," The European Conference Centre, Luxembourg, 3-4 December 1998. In The Euro as a Stabilizer in the International Economic System, Robert Mundell and Armand Clesse, editors, (Kluwer Academic Publishers, Norwell MA), 2000, 93-109 and 418-422.

"Determinants of Long-Term Growth," Background Paper for the Morning Session of the Meeting of the Asia-Pacific Economic Cooperation (APEC) Senior Economic Advisers,Vancouver, Canada, November 20, 1997. Appears as "Why Economies Grow the Way They Do," Canadian Business Economics, 6, no. 1, September 1998.

"Preventing Bank Crises," keynote speech, conference sponsored by the Federal Reserve Bank of Chicago and Economic Development Institute, Lake Bluff, IL, June 11, 1997. In Preventing Bank Crises: Lessons from Recent Global Bank Failures, edited by Gerard Caprio, William Hunter, George Kaufman, and Danny Leipziger, The World Bank, 1998, 3-11.

"The World Over the Next Twenty-five Years: Global Trade Liberalization, and the Relative Growth of Different Regions," The World in 2020: An international panel on economic prospects a quarter of a century ahead, Prometeia, Bologna, Nov. 1995. CIDER Working Paper No. C96-061, Jan. 1996. In Lo Scenario Mondiale e il Futuro Dell'Economia Italiana, edited by Paolo Onofri, Il Mulino, 1997 (in Italian), 49-81.

"Recent Exchange Rate Experience, The Tobin Tax, and Other Proposals for Reform," Federal Reserve Bank of Dallas, Sept. 14-15, 1995. Published in Part I, Exchange Rates, Capital Flows and Monetary Policy in a Changing World Economy, edited by W.Gruben, D.Gould and C.Zarazaga, Kluwer Academic Publishers, Boston, 1997.

"Still the Lingua Franca: The Exaggerated Death of the Dollar," Foreign Affairs, 74, no. 4, July/August 1995, 9-16. Reprinted (in Japanese) in Chuokoron, Japan.

"Regional Trading Arrangements and Guatemala," Cuarto Ciclo de Jornadas Economicas, Banco de Guatemala, April 20, 1995. To be published (in Spanish) in Banca Central, Guatemala.

"What Dollar Bashing?" The International Economy, May/June 1995, 14-15.

"A Proposal to Introduce the ECU First in the East," (with Charles Wyplosz), Institute for International Economics, Washington, DC, March 23, 1995. CIDER Working Paper No. C95-055, U.C. Berkeley, June 1995. in European Parliamentary Yearbook 1995/96.

"The 1991 U.S. Economic Report of the President" (in Japanese), in Ekonomisuto, Japan, April 1991, pp. 28-32.

"The Cost of Capital in Japan: Update," Business Economics, 26, no. 2, April 1991, pp. 25-31. Japanese translation, Kinyu Journal, no.8, Aug. 1991, pp. 35-43.

"The Structural Impediments Initiative: Japan Again Agrees To Make Its Economy More Efficient," The International Economy, IV, no. 5 (October 1990), 70-72.

Chapter 2, "The United States in the World Economy: Challenges of Recovery," 1984 Economic Report of the President pdf, US Council of Economic Advisers, 1984.