Open Economy Macroeconomics | Crawford School of Public Policy

14 July 2025

The Return of Inflation: Look-Through Policy Under Incomplete Information

Vol: 40/2025 Authors: Bušs G; Traficante G Year: 2025 Month: July

Traficante
Open Economy Macroeconomics

21 August 2024

Geoeconomic Fragmentation and “Connector” Countries

Vol: 53/2024 Author: Shekhar Aiyar, Franziska Ohnsorge Year: 2024 Month: August

Ohnsorge
Open Economy Macroeconomics

04 February 2026

Fiscal Policies Are Not All Alike: Composition Effects, Regime Switching and Uncertainty

Vol: 06/2026 Authors: Creel J, Ionta S, Traficante G Year: 2026 Month: February

Traficante
Open Economy Macroeconomics

22 October 2025

Dollar Funding and Housing Markets: The Role of Non-US Global Banks

Vol: 56/2025 Authors: Ehlers T; Hoffmann M; Raabe A Year: 2025 Month: October

Hoffmann UZH
Raabe
Open Economy Macroeconomics
Finance and the Macroeconomy

02 September 2025

Persistent Global Growth Differences and Euro Area Adjustment: Real Activity, Trade and the Real Exchange

Vol: 50/2025 Authors: Ifrim A; Robert Kollmann R; Pfeiffer P; Ratto M; Roeger W Year: 2025 Month: September

Kollmann
Open Economy Macroeconomics

22 May 2020

Measuring Openness

Vol: 48/2020 Authors: Jean Imbs, Laurent L. Pauwels Month: May Year: 2020

Pauwels
Model Uncertainty and Macro-Econometrics
Open Economy Macroeconomics

21 January 2024

News or Animal Spirits? Consumer Confidence and Economic Activity: Redux

Vol: 06/2024 Authors: Sangyup Choi, Jaehun Jeong, Dohyeon Park, Donghoon Yoo Month: January Year: 2024

Choi
Open Economy Macroeconomics

26 August 2019

Early 20th Century American Exceptionalism: Production, Trade and Diffusion of the Automobile

Vol: 58/2019 Authors: Dong Cheng, Mario J Crucini, Hyunseung Oh, Hakan Yilmazkuday Month: August Year: 2019

Crucini
Open Economy Macroeconomics

27 February 2024

Heterogeneity in the Effects of Uncertainty Shocks on Labor Market Dynamics and Extensive vs. Intensive Margins of Adjustment

Vol: 17/2024 Authors: Sangyup Choi, Davide Furceri, Seung Yong Yoo Month: February Year: 2024

Choi
Open Economy Macroeconomics

28 September 2020

Implications of Cheap Oil for Emerging Markets

Vol: 83/2020 Authors: Alain Kabundi, Franziska Ohnsorge Month: September Year: 2020

Ohnsorge
Open Economy Macroeconomics
COVID-19 and the Macroeconomy

20 May 2024

Natural Disasters and Human Development in Asia-Pacific: The Role of External Debt

Vol: 32/2024 Authors: Markus Brueckner, Sudyumna Dahal, Haiyan Lin Month: May Year: 2024

Brueckner
Dahal
Open Economy Macroeconomics

28 March 2024

Quantifying Qualitative Survey Data with Panel Data Structure

Vol: 21/2024 Authors: Alexandros Botsis, Christoph Görtz, Plutarchos Sakellaris Month: March Year: 2024

Görtz
Open Economy Macroeconomics

19 January 2022

The Anatomy of Small Open Economy Trends

Vol: 06/2022 Authors: Christoph Görtz, Konstantinos Theodoridis, Christoph Thoenissen Month: January Year: 2022

Görtz
Thoenissen
Open Economy Macroeconomics

15 April 2020

Shock Dependence of Exchange Rate Pass-Through: A Comparative Analysis of BVARs and DSGEs

Vol: 32/2020 Author: Mariarosaria Comunale Month: April Year: 2020

Comunale
Open Economy Macroeconomics

30 April 2019

On the Relationship Between Domestic Saving and the Current Account: Evidence and Theory for Developing Countries

Vol: 32/2019 Authors: Markus Brueckner, Wojtek Paczos, Evi Pappa Month: April Year: 2019

Brueckner
Open Economy Macroeconomics

26 January 2023

Firms’ Financing Dynamics around Lumpy Capacity Adjustments

Vol: 04/2023 Authors: Christoph Görtz, Plutarchos Sakellaris, John D. Tsoukalas Month: January Year: 2023

Görtz
Open Economy Macroeconomics

18 May 2020

High Moment Constraints for Predictive Density Combination

Vol: 45/2020 Authors: Laurent Pauwels, Peter Radchenko, Andrey L. Vasnev Month: May Year: 2020

Pauwels
Model Uncertainty and Macro-Econometrics
Open Economy Macroeconomics

15 February 2019

Money-Financed Fiscal Stimulus: The Effects of Implementation Lag

Vol: 12/2019 Authors: Takayuki Tsuruga, Shota Wake Month: February Year: 2019

Tsuruga
Open Economy Macroeconomics

27 August 2020

Liquidity Traps in a Monetary Union

Vol: 75/2020 Author: Robert Kollmann Month: August Year: 2020

Kollmann
Open Economy Macroeconomics

21 October 2022

Is Domestic Uncertainty a Local Pull Factor Driving Foreign Capital Inflows? New Cross-Country Evidence

Vol: 64/2022 Authors: Sangyup Choi, Gabriele Ciminelli, Davide Furceri Month: October Year: 2022

Choi
Finance and the Macroeconomy
Open Economy Macroeconomics

12 February 2020

Rational Bubbles in Non-Linear Business Cycle Models: Closed and Open Economies

Vol: 06/2020 Author: Robert Kollmann Month: February Year: 2020

Kollmann
Open Economy Macroeconomics

22 October 2019

Small Firms and Domestic Bank Dependence in Europe’s Great Recession

Vol: 76/2019 Authors: Mathias Hoffmann, Egor Maslov, Bent E. Sørensen Month: October Year: 2019

Hoffmann UZH
Open Economy Macroeconomics

11 January 2021

What explains excess trade persistence? A theory of habits in the supply chains

Vol: 11 Author name: Comunale M; Dainauskas J; Lastauskas P Year: 2021 Month: January

Comunale
Globalisation and Trade
Open Economy Macroeconomics

31 January 2020

Who did it? A European Detective Story Was it Real, Financial, Monetary and/or Institutional: Tracking Growth in the Euro Area with an Atheoretical Tool

Vol: 05/2020 Authors: Mariarosaria Comunale, Francesco Paolo Mongelli Month: February Year: 2020

Comunale
Open Economy Macroeconomics

09 November 2020

Fiscal Policy Shocks and International Spillovers

Vol: 95/2020 Authors: Ayobami E. Ilori, Juan Paez-Farrell, Christoph Thoenissen Month: November Year: 2020

Thoenissen
Open Economy Macroeconomics

28 August 2019

An Investigation of the Exchange Rate Pass-Through in the Baltic States

Vol: 60/2019 Author: Mariarosaria Comunale Month: August Year: 2019

Comunale
Open Economy Macroeconomics

08 April 2022

From Low to High Inflation: Implications for Emerging Market and Developing Economies

Vol: 29/2022 Authors: Jongrim Ha, M. Ayhan Kose, Franziska Ohnsorge Month: April Year: 2022

Kose
Ohnsorge
Finance and the Macroeconomy
Open Economy Macroeconomics

31 August 2023

Financial Condition Indices in an Incomplete Data Environment

Vol: 42/2023 Authors: Miguel Herculano, Punnoose Jacob Month: August Year: 2023

Jacob
Open Economy Macroeconomics

23 August 2019

Did the American Recovery and Reinvestment Act Help Counties Most Affected by the Great Recession?

Vol: 57/2019 Authors: Mario J Crucini, Nam T Vu Month: August Year: 2019

Crucini
Open Economy Macroeconomics

20 May 2016

Dutch Disease, Real Effective Exchange Rate Misalignments and Their Effect on GDP Growth in the EU

Vol: 28/2016 Author: Mariarosaria Comunale Month: May Year: 2016

Comunale
Open Economy Macroeconomics

14 January 2022

Welfare Costs of Exchange Rate Fluctuations: Evidence from the 1972 Okinawa Reversion

Vol: 03/2022 Authors: Kazuko Kano, Takashi Kano Month: January Year: 2022

Kano
Open Economy Macroeconomics

30 October 2020

News Shocks Under Financial Frictions

Vol: 94/2020 Authors: Christoph Görtz, John D. Tsoukalas, Francesco Zanetti Month: October Year: 2020

Görtz
Zanetti
Open Economy Macroeconomics

20 September 2022

What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs

Vol: 53/2022 Authors: Christoph Görtz, Christopher Gunn, Thomas A. Lubik Month: September Year: 2022

Görtz
Open Economy Macroeconomics

20 December 2018

Current Account Dynamics under Information Rigidity and Imperfect Capital Mobility

Vol: 56/2018 Authors: Akihisa Shibata, Mototsugu Shintani, Takayuki Tsuruga Month: November Year: 2018

Tsuruga
Open Economy Macroeconomics

10 May 2016

Commodity Prices and Labour Market Dynamics in Small Open Economies

Vol: 24/2016 Authors: Martin Bodenstein, Güneş Kamber, Christoph Thoenissen Month: May Year: 2016

Bodenstein
Kamber
Thoenissen
Commodities and the Macroeconomy
Open Economy Macroeconomics

30 December 2016

Trend Inflation and Exchange Rate Dynamics: A New Keynesian Approach

Vol: 74/2016 Author: Takashi Kano Month: December Year: 2016

Kano
Open Economy Macroeconomics
Model Uncertainty and Macro-Econometrics

04 August 2016

On What States Do Prices Depend? Answers From Ecuador

Vol: 51/2016 Authors: Craig Benedict, Mario Crucini, Anthony Landry Month: August Year: 2016

Crucini
Open Economy Macroeconomics

02 February 2016

Holes in the Dike: The Global Savings Glut, U.S. House Prices and the Long Shadow of Banking Deregulation

Vol: 06/2016 Authors: Mathias Hoffmann, Iryna Stewen Month: February Year: 2016

Hoffmann UZH
Open Economy Macroeconomics

09 May 2016

A Macroprudential Stable Funding Requirement and Monetary Policy in a Small Open Economy

Vol: 23/2016 Authors: Punnoose Jacob, Anella Munro Month: May Year: 2016

Jacob
Munro
Open Economy Macroeconomics
Finance and the Macroeconomy

26 April 2016

A Provincial View of Global Imbalances: Regional Capital Flows in China

Vol: 18/2016 Authors: Samuel Cudre, Mathias Hoffmann Month: April Year: 2016

Hoffmann UZH
Open Economy Macroeconomics

26 July 2017

Effects of Commodity Price Shocks on Inflation: A Cross-Country Analysis

Vol: 45/2017 Authors: Atsushi Sekine, Takayuki Tsuruga Month: July Year: 2017

Tsuruga
Open Economy Macroeconomics

02 May 2014

What Drives the German Current Account? And How Does It Affect Other EU Member States?

Vol: 35/2014 Authors: Robert Kollmann, Marco Ratto, Werner Roeger, Jan in't Veld, Lukas Vogel Month: May Year: 2014

Kollmann
Open Economy Macroeconomics

21 April 2016

Deep Habits and Exchange Rate Pass-through

Vol: 17/2016 Authors: Punnoose Jacob, Lenno Uusküla Month: April Year: 2016

Jacob
Open Economy Macroeconomics

24 April 2017

Unconventional Monetary Policy: Interest Rates and Low Inflation: A Review of Literature and Methods

Vol: 29/2017 Authors: Mariarosaria Comunale, Jonas Striaukas Month: April Year: 2017

Comunale
Open Economy Macroeconomics

27 March 2017

Stagnation Traps

Vol: 22/2017 Authors: Gianluca Benigno, Luca Fornaro Month: March Year: 2017

Benigno
Open Economy Macroeconomics

08 July 2014

Asymmetry in Boom-Bust Shocks: Australian Performance with Oligopoly

Vol: 50/2014 Author: Rod Tyers Month: July Year: 2014

Tyers
Open Economy Macroeconomics

03 August 2016

Trends and Cycles in Small Open Economies: Making The Case For A General Equilibrium Approach

Vol: 50/2016 Authors: Kan Chen, Mario Crucini Month: August Year: 2016

Crucini
Open Economy Macroeconomics

14 May 2014

International Capital Flows and the Boom-Bust Cycle in Spain

Vol: 40/2014 Authors: Jan in't Veld, Robert Kollmann, Beatrice Pataracchia, Marco Ratto, Werner Roeger Month: May Year: 2014

Kollmann
Open Economy Macroeconomics

19 December 2014

Noisy Information, Distance and Law of One Price Dynamics Across US Cities

Vol: 77/2014 Authors: Mario J. Crucini, Mototsugu Shintani, Takayuki Tsuruga Month: December Year: 2014

Crucini
Tsuruga
Open Economy Macroeconomics

24 March 2017

Explaining International Business Cycle Synchronization: Recursive Preferences and the Terms of Trade Channel

Vol: 21/2017 Author: Robert Kollmann Month: March Year: 2017

Kollmann
Open Economy Macroeconomics

06 January 2014

News-Driven Business Cycles in Small Open Economies

Vol: 02/2014 Authors: Gunes Kamber, Konstantinos Theodoridis, Christoph Thoenissen Month: January Year: 2014

Kamber
Thoenissen
Open Economy Macroeconomics

17 December 2014

Trends and Cycles in Small Open Economies: Making The Case For A General Equilibrium Approach

Vol: 76/2014 Authors: Kan Chen, Mario J. Crucini Month: December Year: 2014

Crucini
Open Economy Macroeconomics

15 December 2014

Geographic Barriers to Commodity Price Integration: Evidence from US Cities and Swedish Towns, 1732 - 1860

Vol: 75/2014 Authors: Mario J. Crucini, Gregor W. Smith Month: December Year: 2014

Crucini
Open Economy Macroeconomics

26 August 2013

Understanding Long-Run Price Dispersion

Vol: 57/2013 Authors: Mario J. Crucini, Hakan Yilmazkuday Month: August Year: 2013

Crucini
Open Economy Macroeconomics

18 June 2013

‘By a Silken Thread’: Regional Banking Integration and Pathways to Financial Development in Japan’s Great Recession

Vol: 36/2013 Authors: Mathias Hoffmann, Toshihiro Okubo Month: June Year: 2013

Hoffmann UZH
Okubo
Open Economy Macroeconomics

11 November 2013

Deep Habits, Price Rigidities and the Consumption Response to Government Spending

Vol: 72/2013 Authors: Punnoose Jacob Month: November Year: 2013

Jacob
Open Economy Macroeconomics

27 October 2014

Real Exchange Rates and Sectoral Productivity in the Eurozone

Vol: 66/2014 Authors: Martin Berka, Michael B. Devereux, Charles Engel Month: October Year: 2014

Berka
Open Economy Macroeconomics

28 May 2013

Global Banks, Financial Shocks And International Business Cycles: Evidence From An Estimated Model

Vol: 30/2013 Author: Robert Kollmann Month: May Year: 2013

Kollmann
Open Economy Macroeconomics

14 March 2014

The Safer, the Riskier: A Model of Financial Instability and Bank Leverage

Vol: 26/2014 Authors: Ryo Kato, Takayuki Tsuruga Month: March Year: 2014

Tsuruga
Open Economy Macroeconomics

27 May 2013

Tractable Latent State Filtering for Non-Linear DSGE Models Using a Second-Order Approximation

Vol: 29/2013 Author: Robert Kollmann Month: May Year: 2013

Kollmann
Open Economy Macroeconomics

25 February 2016

The Post-Crisis Slump in the Euro Area and the US: Evidence from an Estimated Three-Region DSGE Model

Vol: 10/2016 Authors: Robert Kollmann, Beatrice Pataracchia, Rafal Raciborski, Marco Ratto, Werner Roeger, Lukas Vogel Month: February Year: 2016

Kollmann
Open Economy Macroeconomics

20 September 2013

Exchange Rates and Fundamentals: Closing a Two-Country Model

Vol: 62/2013 Author: Takashi Kano Month: September Year: 2013

Kano
Open Economy Macroeconomics

17 November 2014

Exchange Rates Dynamics with Long-Run Risk and Recursive Preferences

ol: 70/2014 Author: Robert Kollmann Month: November Year: 2014

Kollmann
Open Economy Macroeconomics

21 August 2013

Distribution Capital and the Short- and Long-Run Import Demand Elasticity

Vol: 56/2013 Authors: Mario J. Crucini, J. Scott Davis Month: August Year: 2013

Crucini
Open Economy Macroeconomics

24 June 2013

Financial Exposure and the International Transmission of Financial Shocks

Vol: 39/2013 Authors: Gunes Kamber, Christoph Thoenissen Month: June Year: 2013

Kamber
Thoenissen
Open Economy Macroeconomics

20 June 2013

Borders and Nominal Exchange Rates in Risk-Sharing

Vol: 37/2013 Authors: Michael B. Devereux, Viktoria V. Hnatkovska Month: June Year: 2013

Devereux
Open Economy Macroeconomics

06 December 2011

The Financial Accelerator and Monetary Policy Rules

Vol: 38/2011 Authors: Gunes Kamber, Christoph Thoenissen Month: December Year: 2011

Kamber
Thoenissen
Open Economy Macroeconomics

11 March 2014

Prudential Capital Controls or Bailouts? The Impact of Different Collateral Constraint Assumptions

Vol: 25/2014 Authors: Mitsuru Katagiri, Ryo Kato, Takayuki Tsuruga Month: March Year: 2014

Tsuruga
Open Economy Macroeconomics

25 June 2012

Financial Frictions and the Role of Investment Specific Technology Shocks in the Business Cycle

Vol: 30/2012 Authors: Gunes Kamber, Christie Smith, Christoph Thoenissen Month: June Year: 2012

Kamber
Smith C
Thoenissen
Macroeconomic Policy Frameworks
Open Economy Macroeconomics

19 October 2011

International Risk Sharing and Commodity Prices

Vol: 34/2011 Authors: Martin Berka, Mario J Crucini, Chih-Wei Wang Month: October Year: 2011

Berka
Crucini
Open Economy Macroeconomics
Commodities and the Macroeconomy

12 July 2011

Financial Intermediation and the International Business Cycle: The Case of Small Countries with Big Banks

Vol: 22/2011 Authors: Gunes Kamber, Christoph Thoenissen Month: July Year: 2011

Kamber
Thoenissen
Open Economy Macroeconomics

01 July 2011

Price Setting in a Leading Swiss Online Supermarket

Vol: 19/2011 Authors: Martin Berka, Michael B. Devereux, Thomas Rudolph Month: July Year: 2011

Berka
Open Economy Macroeconomics