Selected Publications

"Financial Crises and Macro-Prudential Policies,"
with Gianluca Benigno, Huigang Chen, Allessandro Rebucci and Eric R. Young,
Journal of International Economics,2013 Vol 89 No.2, Pages 453-470.

"News Shocks and the Slope of the Term Structure of Interest Rates,"
Working Paper 2012-011B, April 2012, updated November 2012.

"Global Business Cycles: Convergence or Decoupling?,"
with Ayhan Kose and Eswar Prasad,
International Economic Review, 2012 Vol. 53, No. 2, pages 511-538.

"International Business Cycles: World, Region and Country Specific Factors," American Economic Review, Vol. 93, No. 4, September 2003, p1216-1239. (with M. Ayhan Kose and Charles H. Whiteman)

"On Measuring the Welfare Cost of Business Cycles," Journal of Monetary Economics, February 2001, Vol 47:61-92.