- The Post-Pandemic Disinflation: Low Sacrifice, High Prices (with Jongrim Ha and M. Ayhan Kose), VoxEU, July 28, 2025.
- The Fed’s Dilemma over Tariff Trade-offs, Financial Times Op-ed, July 23, 2025.
- Fighting Inflation After the Pandemic: Lessons for the Next Battle (2025). Comments prepared for the panel “Finishing the Job and Risks Ahead” at the Hoover Monetary Policy Conference in Stanford, California on May 9, 2025. Corresponding slides for presentation available here.
- Perspectives on Monetary Policy and the Framework Review (2025) (with Charles Evans and Brian Sack), Business Economics 60(May): 65-76.
- Written Testimony before the House Financial Services Committee, Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity. Hearing on US Treasury Debt in the Monetary System. Link to hearing (April 8, 2025)
- Balance Sheet Policy and the Mortgage Market, August, 2024, discussion at Jackson Hole Economic Policy Symposium: Reassessing the Effectiveness and Transmission of Monetary Policy, organized by the Federal Reserve Bank of Kansas City.
- Demand versus Supply: Drivers of the Post-Pandemic Inflation and Interest Rates (with Jongrim Ha and M. Ayhan Kose), VoxEU, August 9, 2024.
- The Data is In: How QT Impacts Markets Financial Times Op-ed, March 4, 2024.
- Monetary Policy Response to the Post-Pandemic Inflation: Challenges and Lessons for the Future (with Bill English and Ángel Ubide). VoxEU, February 14, 2024.
- Funding Structures and Resilience to Shocks after a Decade of Regulatory Reform (with Christian Friedrich and Dennis Reinhardt), VoxEU, June 29, 2023.
- Also published in Bank Underground
- Discussion of paper “Global Transmission of Fed Hikes: The Role of Policy Credibility and Balance Sheets” at Brookings Papers on Economic Activity, Fall 2023 in Washington, DC (2024), pgs 226-235.
- Responses to COVID-19: The Role of Policy Space (with Katharina Bergant), VoxEU, Jan 22, 2023.
- Central Banks Must Reduce Their Balance Sheets More Aggressively (2022). Financial Times Op-ed, January 19, 2022.
- Pandemic Inflation and Nonlinear, Global Phillips Curves (with Joseph Gagnon and Chris Collins), VoxEU, Dec 21, 2021
- Unwinding Stimulus in an Uneven Economy: Time for a New Playbook? (2021). Comments at Jackson Hole Symposium organized by the Federal Reserve Bank of Kansas City on “Macroeconomic Policy in an Uneven Economy.” (August)
- Monetary Policy and Central Banking in the Covid Era: A new eBook (2021), with Bill English and Ángel Ubide. VoxEU, June 3, 2021.
- Here’s How Countries Can Manage the Coming Debt Crisis (2020), In Washington Post series, “We Need Smart Solutions to Mitigate the Coronovirus Impact. Here are 46.”
- Capital Flows, Monetary Policy and Globalisation (2019). Comments at ECB Colloquium in Honor of Benoît Cœuré, December 18 in Frankfurt.
- Monetary Policy Divergence, comments at Jackson Hole Symposium on “Challenges for Monetary Policy” organized by the Federal Reserve Bank of Kansas City, on paper “Riders on the Storm” by Òscar Jordà and Alan Taylor. (August 2019)
- How Have Shanghai, Saudi Arabia, and Supply Chains Affected U.S. Inflation Dynamics?” (2019). Federal Reserve Bank of St. Louis Review 101(1): pgs. 1-17.
- Monetary Policy at the Effective Lower Bound: Less Potent? More International? More Sticky? Brookings Papers on Economic Activity, Fall Meetings, September 13-14. (2018)
- Price and Wage-Setting in Advanced Economies, ECB Forum on Central Banking in Sintra, Portugal (June 16-18, 2018), pgs 170-186.
- Failure to Launch. Speech at London Business School in “Leading Minds” series in London. (June 22, 2017)
- A MONIAC (not manic) Economy. Speech at UK economic briefing in Leeds. (Feb. 7, 2017)
- How the Interaction of Monetary and Regulatory Policies May Have Been Ahead of the Anti-Globalization Backlash. VoxEU, Dec 23, 2016.
- Once One Starts Thinking About Exchange Rates... Opening remarks at conference "Financial Determinants of Foreign Exchange Rates," The Bank of England, London, December 15, 2016.
- Uncertainty about Uncertainty. Speech at JP Morgan Cazenove 'Best of British' conference in London. (November 23, 2016)
- Banking Deglobalisation: A Consequence of Monetary and Regulatory Policies? with Dennis Reinhardt and Tomasz Wieladek. Macroprudential Policy, CBRT/BIS/IMF Conference Volume, pgs. 49-56. (September 2016)
- Global Economic Tsunamis: Coincidence, Common Shocks, or Contagion? Speech at Imperial College, in London, UK. (September 22, 2016)
- Wait for Brexit Fog to Clear Before Interest Rate Cut. The Telegraph, July 20, 2016.
- The UK Current Account Deficit: Risky or Risk-Sharing? Speech at the Official Monetary and Financial Institutions Forum Roundtable, (OMFIF), in London, UK. (March 21, 2016)
- Using Rules of Thumb for Exchange Rate Pass-Through could be Misleading. VoxEU, February 2, 2016.
- A Tale of Two Labour Markets: The UK and US. Speech for the Henry Jackson Society, Parliament, in London, UK. (January 26, 2016)
- Growing Your Business in the Global Economy: Not All Doom Gloom. Brighton Business Summit in Brighton, UK. (October 16, 2015)
- Much Ado about Something Important: How do Exchange Rate Movements Affect Inflation? 47thMoney, Macro and Finance Research Group Annual Conference at Cardiff University in Cardiff, UK. (September 11, 2015)
- Avoiding Sunburn and Other Considerations for Interest Rates. The Telegraph, August 16, 2015.
- When, Why, and What’s Next for Low Inflation? No Magic Slippers Needed. Speech at the London School of Economics in London, UK. (June 17, 2015)
- Zero Inflation is Here, but There’s No Need for Soul-Searching. Evening Standard, March 25, 2015.
- Low Interest Rates: King Midas’ Golden Touch? Speech at The Institute of Economic Affairs’ 32nd Conference on the State of the Economy in London, UK. (February 24, 2015)
- Risks Around the Forecast. Speech at London & Partners dinner in London, UK. (January 26, 2015)
- Financial “Deglobalization”?: Capital Flows, Banks and the Beatles. Speech at Queen Mary University in London, UK. (November 18, 2014)
- The Economic Impact of Sterling’s Recent Moves: More than a Midsummer Night’s Dream. Speech at 100 Women in Hedge Funds event in London, UK. (October 1, 2014)
- Turmoil in Emerging Markets: What's Missing from the Story. VoxEU, February 5, 2014.
- Don't Rush To Blame the Fed. New York Times/International Herald Tribune, February 5, 2014.
- Policymaking in Crises: Pick Your Poison, with Michael Klein. VoxEU, December 24, 2013.
- Discussion of "Boom, Bust, Recovery: Forensics of the Latvia Crisis," by Olivier Blanchard, Mark Griffiths, and Bertrand Gruss. Brookings Papers on Economic Activity, Fall 2013, pgs. 372-381.
- Starts on page 372.
- Comment on 'Capital Controls: Gates and Walls' by Michael Klein. In Brookings Papers on Economic Activity: Fall 2012, pgs. 352-363.
- Starts on page 356.
- Introduction to the Special Issue on the Global Financial Crisis., with Charles Engel and Jeffrey Frankel. Journal of International Economics 88(2, Nov): 215-218. (2012)
- Comment on 'Global Imbalances and Global Liquidity' by Pierre-Olivier Gourinchas. In Reuven Glick and Mark Spiegel, eds., Asia's Role in the Post-Crisis Global Economy, a publication of the Asia Economic Policy Conference sponsored by the Federal Reserve Bank of San Francisco in San Francisco, CA on Nov 29-30, 2011. Pgs. 341-346. (2011)
- Starts on page 341.
- Starts on page 341.
- Capital Flow Waves, joint with Francis Warnock. Special Feature in the Monetary Authority of Singapore's Macroeconomic Review, October 2011.
- Policy Symposium on the Global Financial Crisis. Summary of event at the National Press Club in Washington, DC on September 22, 2011.
- The Global Financial Crisis: Project Synopsis. Summary of the research papers written for the NBER project on the Global Financial crisis and discussed at Bretton Woods on June 3-5, 2011.
- Comment on 'The Initial Impact of the Crisis on Emerging Market Countries,' by Olivier Blanchard, Mitali Das, and Hamid Faruqee. In Brookings Papers on Economic Activity: Spring 2010, pgs. 308-315.
- Starts on page 308.
- What Next for the Dollar? The Role of Foreigners. Article posted on www.voxeu.org, June 2008.
- Financial Deepening and the Euro. Paper presented at Peterson Institute of International Economics, conference on "The Euro at 10: The Next Global Currency." October 10. (2008)
- Capital Controls. The New Palgrave Dictionary of Economics, 2nd Edition. (2007)
- Global Imbalances: A Source of Strength or Weakness? The Cato Journal 27(2): pgs. 193-202. (2007)
- Comment on 'The Unsustainable U.S. Current Account Position Revisited,' by Maurice Obstfield and Kenneth Rogoff. In Richard Clarida, ed., G-7 Current Account Imbalances: Sustainability and Adjustment. Chicago: University of Chicago Press, pgs. 367-75. (2007)
- Starts on page 367.
- The Microeconomic Evidence on Contagion, Capital Controls and Capital Flows. NBER Reporter, Winter, pgs. 13-15. (2006/7)
- A Perfect Storm. Global Agenda Magazine, published for the World Economic Forum Annual Meetings in Davos, January, pgs. 98-99. (2006)
- Comment on 'Addressing Global Imbalances: The Role for Macroeconomic Policy,' by Otmar Issing. From Banque de France International Symposium on "Productivity, Competitiveness and Globalization" in Paris, France. (2006)
- Argentina's Latest Tango. World Economic Forum Annual Meetings in Davos, Switzerland. (January 27, 2005)
- A Shock-Smoothing Facility (SSF) for the IMF. In Edwin Truman, ed. Reforming the IMF for the 21st Century. Washington, DC: Institute for International Economics, pg. 365-384. (2005)
- Financial Market Integration, the Euro, and the Role of Growth. In Adam Posen, ed. The Euro at Five: Ready for A Global Role? Washington, DC: Institute for International Economics, pgs. 99-110. (2005)
- Capital Controls: Mud in the Wheels of Market Efficiency. The Cato Journal 25(1), pgs. 153-166. (2005)
- U. S. Manufacturing: Recent Challenges and Policy Recommendations. Federal Reserve Bank of Dallas Conference “Framing the Future: Tomorrow's Border Economy,” El Paso, Texas. (December 3, 2004)
- International Financial Contagion: The Theory, Evidence and Policy Implications, joint with Stijn Claessens. Paper presented at World Economic Forum/Reinventing Bretton Woods Committee Conference on "The IMF's Role in Emerging Market Economies" in Amsterdam, November. (2004)
- Capital Flows to Emerging Markets: The Myths and Realities, joint with Bill Block. Paper presented at conference: "The Myths and Realities of Globalization" at the Federal Reserve Bank of Dallas, November. (2004)
- China's Economic Outlook: Moving Towards a Market Economy. World Economic Forum China Business Summit in Beijing, China. (September 12, 2004)
- Strengthening Banking Systems: Lessons From Around the World and Across the Ages. APEC Conference on Structural Reform in Tokyo, Japan. (September 8, 2004)
- U.S. Manufacturing: Challenges and Recommendations. Business Economics July pgs. 30-37. (2004)
- Growth Indexed Bonds - A Primer. Council of Economic Advisers. July 8, 2004.
- Keys to Coordination and Prosperity in the World. Japan-U.S. Forum in Tokyo. (April 13, 2004)
- U.S. Manufacturing: Challenges and Recommendations. NABE's 2004 Washington Economic Policy Conference in Washington, D.C. (March 25, 2004)
- The United States, China and Japan: Economic Prospects and the Role of Foreign Direct Investment. Japan Society in New York City. (February 11, 2004)
- Dancing in Unison?: Economists Lack Evidence of Increasing Synchronization of the World's Economies, with Robin Brooks, Jean Imbs, and Asoka Mody. Finance and Development, June, pgs. 46-49. (2003)
- Comment on 'Securities Transaction Taxes and Financial Markets,' by Karl Habermeier and Andrei Kirilenko. (2003) IMF Staff Papers, 50, pgs. 181-186.
- Comment on 'Long-Term Capital Movements,' by Gian Maria Milesi-Ferretti and Philip Lane. In Ben Bernanke and Kenneth Rogoff, eds., NBER Macroeconomics Annual 2001. Cambridge, MA: MIT Press, pgs. 116-126. (2002)
- How do Currency Crises Spread Internationally? Corporate Finance Review 5 (3, Nov/Dec), pgs. 3-10. (2000)
- Review of New Theories in Growth and Development. Edited by F. Coricelli, M. de Matteo, and F. Hahn. In The Economic Journal, 109(459), pgs. F806-807. (1999)