Richard H. Clarida

Professor of Economics and International Affairs
Columbia University


Publications

"The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates (with Lucio Sarno, Mark Taylor and Giorgio Valente)," Journal of Business, forthcoming.
"Non-Linear Permanent - Temporary Decompositions in Macroeconomics and Finance (with Mark Taylor)," The Economic Journal, March 2003.
"The Out of Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond (with Lucio Sarno, Mark Taylor, and Giorgio Valente)," The Journal of International Economics, February 2003.
"A Simple Framework for International Monetary Policy Analysis (with Jordi Gali and Mark Gertler)," The Journal of Monetary Economics, September 2002.
"The Empirics of Monetary Policy Rules in Open Economies," invited Keynote Address at The Bank of England Conference on the Future of Macroeconomics, April 2000; The International Journal of Finance and Economics, December 2001.
"Optimal Monetary Policies in Closed vs Open Economies: An Integrated Approach (with Jordi Gali and Mark Gertler)," American Economic Review Papers and Proceedings, May 2001.
"G3 Exchange Rate Relationships: A Recap of the Record and a Review of Proposals for Change," National Bureau of Economic Research, Inc, NBER Working Papers: 7434, 1999.
"Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory" (with Jordi Gali and Mark Gertler), The Quarterly Journal of Economics, January 2000.
"Fiscal Stance and the Real Exchange: Some Empirical Estimates" (with Joe Prendergast), National Bureau of Economic Research, Inc, NBER Working Papers: 7077, 1999.
"Recent G3 Current Account Imbalances: How Important are Structural Factors?" (with Joe Prendergast), National Bureau of Economic Research, Inc, NBER Working Papers: 6935, 1999.
"The Science of Monetary Policy - A New Keynesian Perspective" (with Jordi Gali and Mark Gertler), The Journal of Economic Literature, December 1999.
"G3 Exchange Rate Relationships" Group of Thirty Occasional Paper no. 59, September, 1999.
"Monetary Policy Rules in Practice: Some International Evidence" (with Jordi Gali and Mark Gertler), European Economics Review, June 1998, 1033-1068.
"The Real Exchange Rate and US Manufacturing Profits: A Theoretical Framework with some Empirical Support," International Journal of Finance and Economics, 2, June, 1997.
"The Term Structure of Forward Exchange Rates and the Forecastability of Spot Exchange Rates: Correcting the Errors" (with Mark P. Taylor), Review of Economics and Statistics, LXXIX, August, 1997.
"How the Bundesbank Conducts Monetary Policy" (with Mark Gertler), National Bureau of Economic Research, Inc, NBER Working Papers: 5581, 1996.
"Dumping: In Theory, In Policy, and in Practice," in J. Bhagwati and R. Hudec, Eds., Fair Trade and Harmonization: Prerequisites for Free Trade?, Cambridge: MIT Press, 1996.
"Consumption, Import Prices, and the Demand for Imported Consumer Durables: A Structural Econometric Investigation," Review of Economics and Statistics, LXVIII, August, 1996.
"Real Interest Differentials and Macroeconomic Fundamentals: Empirical Estimates" (with Robert Blake), International Journal of Finance and Economics, 1, April, 1996, 103-116.
"Sources of Real Exchange rate Fluctuations: How Important are Nominal Shocks?" (with Jordi Gali), The Carnegie-Rochester Conference Series on Public Policy, December, 1994, 1-55.
"Cointegration, Aggregate Consumption, and the Demand for Imports: A Structural Econometric Investigation," The American Economic Review, 84, March, 1994, 298-308.
"US Manufacturing and the Deindustrialization Debate: Macroeconomic Perspectives and Sectoral Assessments," (with Susan Hickok), The World Economy, 16, March, 1993, 173-192.
" A Model of Liquidity Overhang," European Economic Review, 37, March, 1993, 61-73.
"International Capital Mobility, Public Investment and Economic Growth", National Bureau of Economic Research, Inc, NBER Working Papers: 4506, 1993.
"Permanent Income, Import Prices, and the Demand for Imported Consumer Durbales: A Structural Econometric Investigation ", National Bureau of Economic Research, Inc, NBER Working Papers: 4437, 1993 .
"Entry, Dumping, and Shakeout," The American Economic Review, 83, March, 1993, 180-203.
"After Maastricht: Public Investment, International Capital Mobility, and Economic Integration," (with Ronald Findlay), Economica, 61, July, 1994.
"Government, Trade, and Comparative Advantage," (with Ronald Findlay), American Economic Review Papers and Proceedings, 82, May, 1992.
"Endogenous Comparative Advantage, Government, and the Pattern of Trade", (with Ronald Findlay), National Bureau of Economic Research, Inc, NBER Working Papers: 3813, 1991.
"Aggregate Stochastic Implications of the Life-Cycle Hypothesis," The Quarterly Journal of Economics, CVI, August, 1991, 851-869.
"International Borrowing and Lending in a Stochastic Stationary Equilibrium," International Economic Review, 31, August, 1990, 543-558.
"That Trade Deficit, Protectionism, and Policy Coordination," The World Economy, 12, December, 1989, 415-437.
"Household Saving and Permanent Income in Canada and the United Kingdom," (with John Y. Campbell) in Economic Effects of the Government Budget, E. Helpman, A. Razin, and E. Sadka, editors, MIT Press, 1988, 122-141.
"The Dollar and Real Interest Rates," (with John Y. Campbell), Carnegie- Rochester Conference Series on Public Policy, 27, Autumn, 1987, 103-139.
"Growth, Competitiveness and the Trade Deficit," (with Michael L. Mussa and J. David Germany), Chapter 3, The Economic Report of the President, 1987, 132-171.
"Consumption, Liquidity Constraints, and Asset Accumulation in the Presence of Random income Fluctuations," International Economic Review, 28, June, 1987, 339-351.
"International Lending and Borrowing in a Stochastic Sequence Equilibrium", National Bureau of Economic Research, Inc, NBER Working Papers: 1944, 1986
"The Balance of Payments Adjustment Mechanism in a Rational Expectations ", National Bureau of Economic Research, Inc, NBER Working Papers: 1945, 1986
"Conditional Projection by Means of Kalman Filtering" (with Diane Coyle), National Bureau of Economic Research, Inc, NBER Technical Working Paper: 036, 1984.
"The Term Structure of Euromarket Interest Rates: An Empirical Investigation," (with John Y. Campbell), Journal of Monetary Economics, 19, January, 1987, 25-44.
"The Behavior of U.S. Short Term Interest Rates Since October, 1979" (with Benjamin M. Friedman), Journal of Finance, 39, June, 1984, 671-682.
"Why Have Short Term Interest Rates Been So High?" (with Benjamin M. Friedman), Brooking Papers on Economics Activity, 2, 1983.


© Richard Clarida 2004