Pierre-Richard Agénor - Published Articles

International Finance

Market Sentiment and Macroeconomic Fluctuations under Pegged Exchange Rates

|Published Version| December 2005

Financial Sector Inefficiencies and the Debt Laffer Curve

with J. Aizenman
|Published Version| January 2005

Investment and Deposit Contracts under Costly Intermediation and Aggregate Volatility

with J. Aizenman
|Published Version| 2005

Orderly Exits from Adjustable Pegs and Exchange Rate Bands

|Published Version| June 2004

External Shocks, Bank Lending Spreads and Output Fluctuations

with Joshua Aizenman and Alexander Hoffmaister
|Working Paper Version| December 2005

Benefits and Costs of International Financial Integration: Theory and Facts

|Published Version| 2003

Cyclical Fluctuations in Brazil's Real Exchange Rate: The Role of Domestic and External Factors, 1988-1995

with Alexander Hoffmaister and Carlos Medeiros
|Working Paper Version| |Published Version| July 2001

Pourquoi la France accumule-t-elle des surplus de balance courante?

with Claude Bismut
|Published Version| June 1999

Exchange Market Reform, Inflation, and Fiscal Deficits

with E. Murat Ucer
|Published Version| March 1999

The Mexican Peso Crisis: Overview and Analysis of Credibility Factors

with Paul R. Masson
|Working Paper Version| March 1999

Consumption Smoothing and the Current Account: Evidence from France, 1970-1996

with Claude Bismut, Paul Cashin and C. John McDermott
|Published Version| February 1999

Credibility, Reputation and the Mexican Peso Crisis

with Paul Masson
|Published Version| February 1999

The Behavior of Real Interest Rates in Exchange-Rate-Based Stabilization Programs

|Published Version| October 1998

Capital Inflows, External Shocks and the Real Exchange Rate

|Published Version| October 1998

Volatility and the Welfare Costs of Financial Market Integration

with Joshua Aizenman (published in November 1998)
Published in The Asian Financial Crisis: Causes, Contagion and Consequences, ed. by Pierre-Richard Agénor, Marcus Miller, David Vines, and Axel Weber, (Cambridge University Press: 1999).
|Working Paper Version| October 1998

Capital Inflows and the Real Exchange Rate: Analytical Framework and Econometric Evidence

with Alexander Hoffmaister
|Published Version| 1998

The Surge in Capital Flows: Analysis of 'Pull' and 'Push' Factors

|Published Version| January 1998

Fiscal Imbalances, Capital Inflows and the Real Exchange Rate: The Case of Turkey

with C. John McDermott and Murat Ucer
|Published Version| April 1997

Foreign Currency Deposits and the Demand for Money in Developing Countries

with Mohsin Khan
|Published Version| June 1996

Exchange Restrictions and Devaluation Crises

|Published Version| December 1994

Credibility and Exchange Rate Management in Developing Countries

|Published Version| October 1994

Unification of Foreign Exchange Markets

with Robert Flood
|Published Version| December 1992

Speculative Attacks and Models of Balance-of-Payments Crises

with J. Bhandari and Robert Flood
|Published Version| June 1992

Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange

|Published Version| September 1990

 

Labor Markets and Poverty

External Shocks and the Urban Poor

|Working Paper Version| January 2006

The Analytics of Segmented Labor Markets

|Working Paper Version| October 2005

The Macroeconomics of Poverty Reduction

|Published Version| July 2005

Fiscal Adjustment and Labor Market Dynamics in an Open Economy

|Published Version| February 2005

Roads out of Poverty? Assessing the Links between Aid, Public Investment, Growth and Poverty Reduction

with N. Bayraktar and K. El Aynaoui
|Working Paper Version| December 2004

Macroeconomic Adjustment and the Poor: Analytical Issues and Cross-Country Evidence

|Published Version| September 2004

Macro Models and Household Survey Data: Linkages for Poverty and Ditributional Analysis

with D. Chen and M. Grimm
|Published Version| November 2005

Does Globalization Hurt the Poor?

|Published Version| January 2004

Unemployment-Poverty Trade Offs

(in Labor Markets and Institutions, ed. by Jorge Restrepo and Andrea Tokman, Central Bank of Chile, Santiago)
|Published Version| September 2004

Business Cycles, Economic Crises, and the Poor: Testing for Asymmetric Effects

|Published Version| Ocotber 2002

Employment Effects of Stabilization Policies

|Working Paper Version| |Published Version| November 2001

Macroeconomic Adjustment with Segmented Labor Markets

with Joshua Aizenman
|Working Paper Version| |Published Version| April 1999

Efficiency Wages, Disinflation and Labor Mobility

with Julio Santaella
|Published Version| January 1997

Technological Change, Relative Wages and Employment

with Joshua Aizenman
|Published Version| January 1997

Trade Liberalization and Unemployment

with Joshua Aizenman
|Published Version| Septmember 1996

The Labor Market and Economic Adjustment

|Published Version| June 1996 Comment by Ching-Chong Lai and Wen-Ya Chang

 

Trade

Competitiveness and External Trade Performance of the French Manufacturing Industry

|Published Version| March 1997

 

Credit Market Imperfections

External Shocks, Bank Lending Spreads and Output Fluctuations

with Joshua Aizenman and Alexander Hoffmaister
|Working Paper Version| March 2004

The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?

with Joshua Aizenman and Alexander Hoffmaister
|Published Version| February 2004

Contagion and Volatility with Imperfect Credit Markets
with Joshua Aizenman

|Published Version| June 1998

Macroeconomic Management with Informal Financial Markets

with Nadeem U. Haque
|Published Version| March 1995

Aggregate Output and Price Adjustment with Credit Rationing and Informal Loan Markets

|Published Version| March 1989

 

Inflation and Monetary Policy

Disinflation and the Supply Side

with Lodovico Pizzati
|Published Version| |Simulation Program| December 2005

Contracting Models of the Phillips Curve: Empirical Estimates for Middle-Income Countries

with N. Bayraktar
|Working Paper Version| April 2003

Monetary Policy under Flexible Exchange Rates: An Introduction to Inflation Targeting (published in 2002)

Published in Inflation Targeting: Design, Performance, Challenges, ed. by Norman Loayza and Raimundo Soto, Central Bank of Chile (Santiago: 2002).
|Published Version| November 2002

Analyzing Credibility in High-Inflation Countries: A New Approach

with Mark Taylor
|Published Version| March 1993

Price Controls and Electoral Cycles

with Carlos M. Asilis
|Published Version| February 1997

Credibility Effects of Price Controls in Disinflation Programs

|Published Version| Winter 1995

Testing for Credibility Effects

with Mark Taylor
|Published Version| September 1992

Public Investment and Growth

Health and Infrastructure in Models of Endogenous Growth

|Working Paper Version| December 2005

Infastructure Investment and Maintenance Expenditure: Optimal Allocation Rules in a Growing Economy

|Working Paper Version| December 2005

Schooling and Public Capital in a Model of Endogenous Growth

|Working Paper Version| January 2006

Fiscal Policy and Endogenous Growth with Public Infrastructure

|Working Paper Version| September 2005

Infrastructure, Public Education and Growth with Congestion Costs

|Working Paper Version| | Published Version| September 2005

IMMPA Models

Disinflation, Fiscal Sustainability, and Labor Market Adjustment in Turkey

with H. Jensen, M. Verghis, and E. Yeldan
|Download| November 2005

Mini-IMMPA: A Framework for Analyzing the Unemployment and Poverty Effects of Fiscal and Labor Market Reforms

|Forthcoming Book| May 2003

IMMPA: A Quantitative Macroeconomic Framework for the Analysis of Poverty Reduction Strategies

with A. Izquierdo and H. Fofack
|Forthcoming Book| June 2003

Labor Market Policies and Unemployment in Morocco: A Quantitative Analysis

with K. El Aynaoui
|Forthcoming Book| October 2003

Other

Savings and the Terms of Trade Under Borrowing Constraints

with Joshua Aizenman
|Published Version| July 2004

Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts

with C. John McDermott and Eswar Prasad
|Dataset | |Working Paper Version| |Published Version |May 2000