Do Peso Problems Explain the Returns to the Carry Trade? (May 2008, with Craig Burnside, Martin Eichenbaum, and Isaac Kleshchelski). Previous version, titled The Returns to Currency Speculation has more extensive discussion of transactions costs.

Reference Prices and Nominal Rigidities (February 2008, with Martin Eichenbaum and Nir Jaimovich)

Investment and Value: A Neoclassical Benchmark (May 2008, with Janice Eberly and Nicolas Vincent)

Understanding the Forward Premium Puzzle: A Microstructure Approach (July 2007, with Craig Burnside and Martin Eichenbaum)

News and Business Cycles in Open Economies (May 2008, with Nir Jaimovich)

Can News about the Future Drive the Business Cycle? (April 2008, with Nir Jaimovich)

When Is it Optimal to Abandon a Fixed Exchange Rate? (Revised, September 2007, with Carlos Vegh ), forthcoming, Review of Economic Studies. December 2006 version (with more detailed proofs).

The Returns to Currency Speculation in Emerging Markets (January 2007, with Craig Burnside, and Martin Eichenbaum), published in the American Economic Review.

Large Devaluations and the Real Exchange Rate (with Ariel Burstein and  Martin Eichenbaum), published in the Journal of Political Economy, August 2005. Data and replication materials.

How Important Are Nontradable Goods Prices As Sources of Cyclical Fluctuations in Real Exchange Rates? (with Ariel Burstein and  Martin Eichenbaum), published in Japan and the World Economy, 2006.

Currency Crisis Models (Feburary 2007, with Craig Burnside, Martin Eichenbaum) forthcoming, The New Palgrave, 2nd Edition.

Government Finance in the Wake of Currency Crises  with Craig Burnside and Martin Eichenbaum ), Technical Appendix, published in the Journal of Monetary Economics, April 2006.

Real Business Cycle Models: Past, Present and Future, published in the Scandinavian Journal of Economics, June 2005.

Currency Crises and Fiscal Sustainability (with Craig Burnside and Martin Eichenbaum ) published in in Craig Burnside (ed.) Fiscal Sustainability in Theory and Practice: A Handbook, Washington, DC: World Bank, June 2005.

Investment Prices and Exchange Rates: Some Basic Facts (with Ariel Burstein and Joao C. Neves), published in the Journal of the European Economic Association, 2004.

Government Guarantees and Self-Fulfilling Speculative Attacks   (with Craig Burnside and Martin Eichenbaum ) published in the Journal of Economic Theory, 2004. (Technical Appendix )

Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based Stabilizations (with Ariel Burstein and Joao C. Neves ) published in the Journal of Monetary Economics, September 2003.

On the Fiscal Implications of Twin Crises   (with Craig Burnside and  Martin Eichenbaum )
published in M. Dooley and J. Frankel (eds.) Managing Currency Crises in Emerging Markets, Chicago University Press, 2002. ( Technical Appendix and Computer programs )

Prospective Deficits and the Asian Currency Crises   (with Craig Burnside and Martin Eichenbaum )
published in the Journal of Political Economy, December 2001.

Beyond Balanced Growth (with Piyabha Kongsamut and Danyang Xie )
published in the Review of Economic Studies, October 2001.

Equilibrium Unemployment (with Joao Gomes and Jeremy Greenwood )
published in the Journal of Monetary Economics, August 2001.

On the Dynamics of Trade Reform (with  Rui Albuquerque )
published in the Journal of International Economics, June 2000.

Understanding the Korean and Thai Currency Crises   (with Craig Burnside and Martin Eichenbaum ) published in the Federal Reserve Bank of Chicago's Economic Perspectives .

Resuscitating Real Business Cycles (with Robert King )
Chapter for John Taylor and Michael Woodford (eds.) Handbook of Macroeconomics, North-Holland.

The Role of Knowledge and Capital in Economic Growth
Chapter for Matti Pohjola (ed.) Information Technology and Economic Development , Wider, United Nations.

Production, Growth and Business Cycles: Technical Appendix , (with Robert King and Charles Plosser ) published in Computational Economics, October 2002.