Contact Information
Phone: +1 (202) 994-9208
Email: jshambaugh@gwu.edu
Address:
1959 E Street, NW br />
Suite 502Dbr />
George Washington University br />
Washington, DC 20052
Research
Recent Papers
The Euro's Three Crises, Brookings Papers on Economic Activity, Spring 2012, pp 157–211.
» Papers can be found at my RePec page.
» NBER Working Papers can be found on my authors page.
Publications
| Date | Title and Author |
|---|---|
| Feb 2004 | The Effect of Fixed Exchange Rates on Monetary Policy, Quarterly Journal of Economics vol. 119 no.1, February 2004, p. 301-352. |
| 2004 | Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period, IMF Staff Papers - Volume 51 special issue 2004, pp 75-108. (with Maurice Obstfeld and Alan M. Taylor) |
| Aug 2005 | The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility , Review of Economics and Statistics - vol 87, issue 3 - August 2005, pp. 423-38. (with Maurice Obstfeld and Alan M. Taylor) |
| Oct 2006 | An Experiment with Multiple Currencies: The American Monetary System From 1838-60, Explorations in Economic History - vol 43, October 2006, 609-45. |
| Dec 2006 | Fixed Exchange Rates and Trade, Journal of International Economics - vol. 70, December 2006, pp. 359-83 [also NBER Working Paper no. 10696] (with Michael Klein) |
| June 2008 | A New Look at Pass-through, Journal of International Money and Finance - Volume 27, Issue 4, Pages 560-591 (June 2008) |
| 2008 | The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime, Journal of International Economics - vol. 74, 2008, 341-61 [available as IIIS Discussion Paper no. 116 or IMF Working Paper 06/37] (with Julian di Giovanni) |
| May 2008 | The Dynamics of Exchange Rate Regimes: Fixes, Floats, and Flips, Journal of International Economics - Volume 75, Issue 1, Pages 70-92 (May 2008) [previous version (The Nature of Exchange Rate Regimes) available as NBER Working Paper no. 12729] (with Michael Klein) |
| 2008 | Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008, American Economic Review (Papers and Proceedings), May 2009 [available as NBER Working Paper no. 14826] (with Maurice Obstfeld and Alan M. Taylor) |
| March 2010 | Financial Exchange Rates and International Currency Exposures, American Economic Review - vol 100, no. 1, March 2010, pp. 518-540 [Available as NBER Working Paper no. 13433] (with Philip Lane) |
| April 2010 | Financial Stability, the Trilemma, and International Reserves, American Economic Association Journal - Macroeconomics vol. 2, no. 2, April 2010, pp. 57-94. [available as NBER Working Paper no. 14127] (with Alan Taylor and Maury Obstfeld) |
| January 2010 | The Long or Short of it: Determinants of Foreign Currency Exposure in External Balance Sheets, Journal of International Economics vol. 80, issue 1, pp. 33-44, January 2010 [available as NBER Working Paper no. 14909] (with Philip Lane) |
| May 2012 | Global Savings and Global Investment: The Transmission of Identified Fiscal Shocks, American Economic Association Journal - Economic Policy, vol. 4(2), pages 95-114, May 2012 [Available as NBER Working Paper no. 15113] (with James Feyrer) |
| Spring 2012 | The Euro's Three Crises, Brookings Papers on Economic Activity Spring 2012, pp 157-211. |
Work in progress
Internal Devaluations (in progress)
Revisiting the Trilemma (in progress)
Jay C. Shambaugh
Expertise: International Macroeconomics
Department of Economics Faculty Website
Elliott School of International Affairs Faculty Website
Institute for International Economic Policy