“Current Account Dynamics and Monetary Policy” (with Andrea Ferrero, Federal Reserve Bank of New York, and Mark Gertler, New York University), September 2007, PDF. Abstract.
The line: For different scenarios for U.S.-relevant current-account adjustment in a two-country DSGE model, it is shown that the behavior of domestic variables such as inflation and output is quite sensitive to the monetary policy regime, whereas the behavior of international variables such as the current account and the real exchange rate is less so.
“Comment on Jeffrey Frankel, ‘Commodity Prices and Monetary Policy’,” in Campbell, John Y. (ed.), Asset Prices and Monetary Policy, forthcoming, PDF.
Discussion of Maurice Obstfeld, Jay C. Shambaugh and Alan M. Taylor, “The Trilemma in History: Tradeoffs amonge Exchange Rates, Monetary Policies, and Capital Mobility,” NBER International Finance and Macro Program Meeting, Cambridge, MA, Oct 18, 2002, overhead slides (3.2 MB).
“An Independent Review of Monetary Policy and Institutions in Norway,” by Lars E.O. Svensson (chair) (Princeton University), Kjetil Houg (Alfred Berg), Haakon Solheim (Norwegian School of Management BI) and Erling Steigum (Norwegian School of Management BI), Norges Bank Watch 2002, Centre for Monetary Economics, Norwegian School of Management BI, September 2002.
“Exchange Rate Target or Inflation Target for Norway?” in Anne Berit Christiansen and Jan Fredrik Qvigstad, eds., Choosing a Monetary Policy Target, Scandinavian University Press (Universitetsforlaget AS), Oslo, 120-138, 1997, PDF (75 KB).
“Växelkursmål eller inflationsmål för Norge?” (“Exchange Rate Target or Inflation Target for Norway?”, in Swedish), Ekonomisk Debatt 25(8) (1997) 461-472, PDF (86 KB).