The universe is full of magical things patiently waiting for our wits to grow sharper.
--- Eden Phillpots

R e s e a r c h P a p e r s

Publications

Does inflation targeting really make a difference? Evaluating the treament effect of inflation targeting in seven industrial countries, coauthored with Shu Lin, Journal of Monetary Economics, Vol. 54(8), 2007.
Twin sons of different mothers: the long and the short of the twin deficits debate, coauthored with Kevin Grier, Economic Inquiry, forthcoming.
Does inflation targeting make a difference in developing countries, coauthored with Shu Lin, Journal of Development Economics, forthcoming.

Revise and Resubmit

Dollarization does promote trade, coauthored with Shu Lin, Journal of International Money and Finance.
A Monte Carlo evaluation of some common panel data estimators when serial correlation and cross-sectional dependence are both presented, coauthored with W. Robert Reed, Applied Economics.

Under Review

Does high inflation predict greater inflation uncertainty? Evidence from asymmetric stochastic volatility models, coauthored with Kevin Grier.
The behavior of the term structure has changed again, coauthored with Shu Lin.
The sweet-bitter growth story of stock market liberalization, coauthored with Shu Lin.

Working Papers

Do imports prices affect domestic inflation? coauthored with Kevin Grier and Shu Lin.
Savings and investment in the USA: Solving the Feldstein-Horioka puzzle, coauthored with Kevin Grier and Shu Lin.
A duration analysis of the sustainability of current account deficits, coauthored with Xiaoyi Mu.