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“Short-Run Dynamics of Prices and the Balance of Payments, “American Economic Review (June 1977), pp. 419-28.

“The Monetary Approach to Devaluation: A Graphical Presentation,” Weltwirthschaftliches Archiv, Vol. 2 (1977). pp. 348-52.

“Black-Market Exchange-Rate Expectations and the Domestic Demand for Money: Some Empirical Results,” Journal of  Monetary Economics (October 1978), pp. 767-73.


“Income Per Capita and the Structure of  Industrial Exports: An Empirical Study,” The Review of Economics and Statistics (November 1978), pp. 539-44.

“Non-Traded Goods and the Monetary Approach to the Balance of Payments: A Graphical Note,” Quarterly Review of Economics and Business (Spring 1978), pp. 106-10.


“Money and the Nominal Rate of Interest under Rapid Inflation: An Empirical Test,” Journal of Political Economy (June 1978), pp. 529-34.

On the Output-Inflation Trade-off in an Open Economy: A Short-Run Monetary Approach” (with R.B. Fernandez), The Manchester School, (June 1978), pp. 123-38.

“Devaluation, Inflation and the Balance of Payments: A Short-Run Monetary Approach,” The Economic Record (March 1979), pp. 33-40.

“On Causality and the Monetary Approach to the Balance of Payments: The European Experience,” European Economic Review (July 1979), pp. 289-96.

“Inflation Variability in Latin America: A Note on the Time-Series Evidence,” Economic Letters, 2 (1979), pp. 337-41.

“On the Specification of the Fisher Equation under Inflation Uncertainty” (with B. Eden), Economic Letters, 3 (1979), pp. 249-55.


“The Variability of the Rate of Inflation and the Demand for Money,” International Economic Review (June 1979), pp. 545-49.


“Effects of Exogenous Changes in Foreign-Exchange Rates and Income Growth Rates on the Geographical Pattern of Exports: the Case of
Israel” (with N. Halevi), Economic Letters, 4 (1979), pp. 369-72.


“Components of Effective Devaluation and the Domestic Rate of Inflation: The Case of
Israel” (with N. Halevi), Journal of Development  Economics (March 1980), pp. 117-22.


“The Effects of Unanticipated Money Growth on Prices, Output, and its Composition in a Fixed Exchange-Rate Open Economy” (with R.B. Fernandez), The Canadian Journal of Economics (February 1980), pp. 82-95.


“On the Specification of the Demand for Money Function under Rapid Inflation” (with B. Eden), The Canadian Journal of Economics (February 1980), pp. 149-54.


“On the Effects of Relative-Price Variability on Output and Unemployment: some Empirical Evidence” (with L. Leiderman), The Review of Economics and Statistics  (November 1980), pp. 551-61.


“Foreign-Exchange Market Regularities in a Developing Economy” (with M.S. Khan), Economic Letters, 6 (1980), pp. 279-86.


“A Monetary  Approach to the Crawling-Peg System: Theory and Evidence” (with L. Leiderman), Journal of Political Economy (February 1981), pp. 132-51.


“Strike Activity and Wage Determination in an Inflationary Economy: a Quantitative Study of the Chilean Experience,” Industrial and Labor Relations Review (April 1981), pp. 356-641.


“The Dispersion of Relative Commodity Prices under Very Rapid Inflation,” Journal of Development Economics (November 1981), pp. 347-56.


“A Note on the International Transmission of Inflation: The Impact of
U.S. Inflation on Mexico,” Economic Letters, 8 (1981), pp. 379-84.


“The Preannouncement of Exchange Rate Changes as a Stabilization Instrument” (with D.J. Mathieson), IMF Staff Papers (December 1981), pp. 760-92.


“A Proposition on Short-Run Departures from the Law of One Price: Unanticipated Inflation, Relative- Price Dispersion, and Commodity Arbitrage” (with A.L. Hillman), European Economic Review (February 1982), pp. 51-60.


“Inflation, Interest Rate Policy, and Currency Substitution in Open Economies: A Discussion of Some Major Issues” (with V. Tanzi), World Development, Special Issue (September 1982), pp. 781-89.


“Inflation and Relative Price Variability in the Open Economy” (with L. Leiderman), European Economic Review (April 1982), pp. 387-402


“Interest-Rate Differentials and Exchange Risk: Recent Argentine Experience,” IMF Staff Papers (June 1982), pp. 270-79.


“On the Dynamic Non-Equivalence of Tariffs and Quotas in the Monetary Model of the Balance of Payments” (with A.L. Hillman), Journal of International Economic (August 1982), pp. 163-69.


“Relative Price Variability and Output-Inflation Trade-offs in an Open Economy” (with L. Leiderman), Weltwirtschaftliches Archiv (November 1982), pp. 639-50.


“The Foreign Exchange Market in a Highly Open Developing Economy: The Case of 
Singapore” (with M.S. Khan), Journal of Development Economics (February/April 1983), pp. 237-49.


“Liberalization and Stabilization Policies in the Southern Cone Countries: an Introduction,” Journal of Inter-American Studies and Word Affairs (November 1983), pp. 431-44.


“On the Anatomy of Inflation: the Variability of Relative Commodity Prices in
Argentina,” Journal of Money, Credit and Banking (November 1983), pp. 469-82.


“Government Policy and Private Investment in Developing Countries” (with M. S. Khan), IMF Staff Papers (June 1984), pp. 379-403.


“On the Dynamic Non-Equivalence of Tariffs and Quotas in the Monetary Model of the Balance of Payments: Reply” (with A.L. Hillman), Journal of International Economics (May 1985), pp. 381-82.


“The Effects of Domestic and External Factors in the Determination of the Real Interest Rate: The Case of
Uruguay” (with J. Gil-Diaz), Economic Development and Cultural Change (April 1986), pp.
589-606.


“The Term Structure of Interest Rates During a Financial Reform:
Argentina, 1977-81” (with L. Leiderman), Journal of Development Economics (April 1987), pp. 285-299.


“Fighting Hyperinflation: Stabilization Strategies in
Argentina and Israel, 1985-86” (with N. Liviatan), IMF Staff Papers (September 1987), pp. 409-438.


“Inflation and the Measurement of Fiscal Deficits” (with V. Tanzi and M.O. Teijeiro), IMF Staff Papers (December 1987), pp. 711-738.


“Modelling and Testing Ricardian Equivalence: A. Survey”. (with L. Leiderman) IMF Staff Papers (March 1988), pp. 1-35.


“High Inflation, ´Heterodox´ Stabilization, and Fiscal Policy” (with A. Cheasty), World Development, vol. 16, N° 8 (August 1988), pp. 867-81.


“Latin American Economic Integration: The Experience and the Prospects,” Journal of International Economic Integration (Autumn 1988), pp. 10-39.


“On the Determination of Nominal Wage Dispersion,” Economic Letters, 32 (1990), pp. 175-80.


“The Impact of Macroeconomic Policies  on Income Distribution: An Empirical Study” (with Isabel Guerrero), The Review of Economics and Statistics (August 1990), pp. 414-423.


“The Evolving Role of Tax Policy in
China” (with G. Szapary) Journal of Comparative Economics (September 1990), pp. 452-472.


“The “Gulliver Effect” and the “Optimal Divergence” Approach to Trade Policies: The Case of 
Nepal” (with G. Szapary), World Development (February/March 1991), pp. 255-262.


“Analytical and Methodological Issues in the Measurement of Fiscal Deficits” (with Adrienne Cheasty), Journal of Economic Literature, (December 1991). Pp. 1644-1678.


Hungary: The Initial Stages in the Fiscal Reform of a Socialist Economy in Transition” (with Silvia Sagari), Applied Financial Economics (March 1992), pp. 33-42.


“Forced Savings and Repressed Inflation in the Soviet Union, 1986-90: 

Some Empirical Results” (with C. Cottarelli), IMF Staff Papers (June 1992), pp. 256-286.


“Early Contributions of Staff Papers to International Economics” (with P. R. Masson and M.S. Khan), IMF Staff Papers (December 1995), pp. 707-733.


“Deja-vu All Over Again?: The Mexican Crisis and the Stabilization of Uruguay in the 1970s” (with G. del Castillo), World Development, (March 1998), pp. 449-464.


“Financial Crisis in
Russia: A Comment” Post-Soviet Geography and Economics, (June 1998), pp. 329-331.


The Economics of Currency Crises: Models, Indicators, and Policy Responses” Zagreb Journal of Economics
, Vol. 2, N° 2, 1998, pp. 39-54.


“Central Banking and Price Stability: Is One Objective Enough?” Journal of Applied Economics, Vol. 1, N° 1, (November 1998), pp. 105-122.


“A Value at Risk Approach to Central Bank Solvency”, (with L. Schumacher), Risk, (October 1998), pp. 65-69.


“Central Bank Vulnerability and the Credibility of Commitments: A Value-at-Risk Approach to Currency Crises”, (with L. Schumacher), Journal of Risk, Vol. 2, N° 1, (November 1999).


“Central Bank Use of Derivatives and Other Contingent Liabilities” (with Liliana Schumacher), Central Banking, (February 2000), pp. 76-82.


“Exogenous Shocks, Deposit Runs and Bank Soundness: A Macroeconomic Framework” (with E. V. Feldman and A. Feltenstein), Journal of International Money and Finance, (February 2002), pp. 33-52.


“Inflation Targeting in the Context of IMF-Supported Adjustment Programs” (with A. Leone et. alt.), IMF Staff Papers (October 2002), pp. 313-338


"Economic Growth and the Stability and Efficiency of the Financial Sector" Journal of Banking and Finance, (November 2006), pp. 3429-3432.


Comments on O. Issing: “
Europe’s hard fix: the Euro area”, International Economics and Economic Policy, (December 2006), Volume 3, Nos. 3-4.

Asset Prices, Globalization, and Implications for Monetary Policy” ,Comparative Economics Studies (September 2007), Vol 49, pp. 339-344.