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Work in Progress | Journal Articles

The best way to think about reality, I had decided,
            was to get as far away from it as possible
                  —a place like the bottom of a well, for example.


                                                Haruki Murakami, The Wind-Up Bird Chronicle.


My current research in progress are reported here. Feedback on these papers would be greatly appreciated. Just hover over any of the paper titles to view the respective abstracts and to obtain a PDF download link (if currently available). If the papers are not currently available for public download, please send me an e-mail.

  1. Regional Economic Growth Disparities: A Political Economy Perspective. With Tomohito Okabe. Forthcoming: European Journal of Political Economy
  2. Nominal Exchange Rate Determinacy Under the Threat of Currency Counterfeiting. Forthcoming: American Economic Journal: Macroeconomics. Previous draft: Breaking the Curse of Kareken and Wallace with Private Information. With Pere Gomis-Porqueras and Christopher J. Waller. (This is a Github link to paper and software codes.) Also available as St Louis Fed WP 2015-028A.
  3. On Weak Identification in Structural VAR(MA) Models. With Wenying Yao and Farshid Vahid. (Previously titled 'Reassessing Business-cycle VAR and VARMA Models'.) Forthcoming: Economics Letters
  4. Democracy, Dynamic Beliefs Manipulation and Private Spillovers to Public Goods. With Yingying Lu.
  5. Sustainable International Monetary Policy Cooperation. [ Older version at Dallas Fed WP Series. ] With Ippei Fujiwara and Takeki Sunakawa.
  6. A Note on Imperfect Credibility. With Ippei Fujiwara and Takeki Sunakawa.
  7. Inflationary Redistribution vs. Trading Opportunities. With Junsang Lee.
  8. Global vs. Fiscal Uncertainty Shocks: What Matters for Small Open Economies?. With Joshua Chan, Jamie Cross and Aubrey Poon.
  9. Minimum Consumption Requirements, Equilibrium Multiplicity and Fiscal Stabilization. With Jaime Alonso-Carrera and Begona Dominguez.
  10. State Politics, Placed-based Policies and Regional Unemployment. With Tomohito Okabe and Jose Ignacio Silva

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