Joshua Aizenman
92 works on record
Works
Managing Economic Volatility and Crises
Surfing the waves of globalization
Financial sector ups and downs and the real sector
Capital flows and economic growth in the era of financial integration and crisis, 1990-2010
Fiscal fragility
Determinants of financial stress and recovery during the great recession
Net fiscal stimulus during the Great Recession
Using inflation to erode the U.S. public debt
Exchange market pressure and absorption by international reserves
Asset class diversification and delegation of responsibilities between central banks and sovereign wealth funds
De facto fiscal space and fiscal stimulus
Large hoarding of international reserves and the emerging global economic architecture
Takeoffs
Real exchange rate and international reserves in the era of growing financial and trade integration
Exchange Rate Flexibility, Volatility and the Patterns of Domestic and Foreign Direct Investment
Resource Allocation During the Transition to a Market Economy
Contagion and Volatility with Imperfect Credit Markets
Financial Versus Monetary Mercantilism
Macroeconomic Adjustment with Segmented Labor Markets
International Reserves
Technological Change, Relative Wages, and Unemployment
Theory of Optimum Currency Areas
Political Feasibility and Investment in Economic Transformations
Trade Liberalization and Unemployment
Sectoral Debt and Global Dollar Cycles in Developing Economies
Foreign direct investment as a commitment mechanism in the presence of managed trade
Financial liberalization in Latin-America in the 1990s
International reserve holdings with sovereign risk and costly tax collection
Financial liberalizations in Latin-America in the 1990s
Pegged exchange rate regimes--a trap?
Trade dependency, bargaining and external debt
Inward versus outward growth orientation in the presence of country risk
FDI and trade -- two way linkages?
Financial versus monetary mercantilism-long-run view of large international reserves hoarding
Military expenditure, threats, and growth
International portfolio diversification with generalized expected utility preferences
Optimal buffer stocks and precautionary savings with disappointment aversion
Strategic investment in a debt bargaining framework
Soft budget constraints, taxes, and the incentive to cooperate
Externalities, incentives, and economic reforms
Sources for financing domestic capital
On the two way feedback between financial and trade openness
The real exchange rate, mercantilism and the learning by doing externality
Optimal tax and debt policy with endogenously imperfect creditworthiness
Volatility and financial intermediation
The merits of horizontal versus vertical FDI in the presence of uncertainty
Endogenous financial openness
International reserves management and the current account
Policy uncertainty, persistence and growth
The competitive externalities and the optimal seigniorage
Financial crisis and the paradox of under- and over-regulation
Ex ante carrots instead of ex post sticks
New activities, the welfare cost of uncertainty and investment policies
World integration, competitive and bargaining regimes switch
Foreign direct investment, productive capacity and exchange rate regimes
Trade reforms, credibility, and development
Selective swap arrangements and the global financial crisis
Capital controls, collection costs, and domestic public debt
Prizes for basic research
Capital controls and financial crises
Capital mobility in a second best world
Exchange rate regimes and financial-market imperfections
On the paradox of prudential regulations in the globalized economy
Globalization and the sustainability of large current account imbalances
Labor markets and the choice of technology in an open developing economy
Signaling credibility
Current account patterns and national real estate markets
Why is inflation skewed?
Economic growth with constraints on tax revenues and public debt
Controlled openness and foreign direct investment
Sargent-Wallace meets Krugman-Flood-Garber, or, why sovereign debt swaps don't avert macroeconomic crises
Privatization in emerging markets
The impact of inflation on budgetary discipline
Investment in new activities and the welfare cost of uncertainty
Foreign direct investment, employment volatility, and cyclical dumping
Volatility and the investment response
External debt, planning horizon and distorted credit markets
The high demand for international reserves in the far east
Institutional efficiency, monitoring costs, and the investment share of FDI
Reserve uncertainty and the supply of international credit
International reserves management and capital mobility in a volatile world
On the hidden links between financial and trade opening
Reserve requirements on sovereign debt in the presence of moral hazard--on debtors or creditors?
On the need for fiscal discipline in a union
Volatility, investment and disappointment aversion
Managing volatility and crises
Externalities, incentives, and failure to achieve national objectives in decentralized economies
The collection efficiency of the value added tax
Endogenous pricing to market and financing costs
Globalization and taste convergence
Uncertainty and the disappearance of international credit
Sterilization, monetary policy, and global financial integration