OOIR: Observatory of International Research

Papers

(The median citation count of Open Economies Review is 1. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-04-01 to 2025-04-01.)

Article	Citations
The Government Spending Multiplier in the Presence of the Informal Sector	124
Did the Bank of England’s Quantitative Easing Programme Become Fiscally Wasteful?	17
Global Shocks in the US Economy: Effects on Output and the Real Exchange Rate	17
Regulatory Capital Requirements, Inflation Targeting, and Equilibrium Determinacy	17
Jacques Mélitz	13
Removing Bias in Estimating Financial Contagion: An Empirical Analysis Based on European Economies	11
Financial Constraints and Firms’ Productivity: The Role of Participation in Global Value Chains	11
The Shock Absorbing Role of Cross-border Investments: Net Positions Versus Currency Composition	11
Effect of Remittance Inflows on External Debt in Developing Countries	10
Nowcasting Real GDP for Saudi Arabia1*	7
Forward Interest Rates as Predictors of Future US Spot Rates Before and After the 2008 Financial Crisis	7
Editorial – Recent Trends in International Reserves: Theory and Evidence	7
Is There a Pervasive World Real Credit Cycle?	6
Effectiveness of Fiscal Announcements: Early Evidence from COVID-19	5
Convergence in Financial Development and Growth	5
Monetary Policy Announcements, Information Shocks, and Exchange Rate Dynamics	5
North and South: A Regional Model of the UK	5
Business Cycle Co-Movement in Europe: Trade, Industry Composition and the Single Currency	4
Money Growth, Money Velocity and Inflation in the US, 1948–2021	4
What Have the Monetary Authorities Really Stabilised, and Does it Matter?	4
Collateral Misrepresentation, External Auditing, and Optimal Supervisory Policy	4
International Reserve Management and Firm Investment in Emerging Market Economies	4
Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries	4
Macroprudential Policies and Global Banking	4
Correlates of Crisis Induced Credit Market Discipline: The Roles of Democracy, Veto Players, and Government Turnover	4

The Cost of a Currency Peg during the Great Recession	4
The Impacts of Financial Crises on the Trilemma Configurations	3
Testing for UIP-Type Relationships: Nonlinearities, Monetary Announcements and Interest Rate Expectations	3
Time-Varying Effects of External Shocks on Macroeconomic Fluctuations in Peru: An Empirical Application using TVP-VAR-SV Models	3
Money-Output Revisited: Time-Varying Granger Causality Evidence from Forty-Three Countries	3
US Sanctions Reinforce the Dollar’s Dominance	3
Debt and Private Investment: Does the EU Suffer from a Debt Overhang?	3
An Apocalypse Foretold: Climate Shocks and Sovereign Defaults	3
The Role of Fiscal Policy — A Survey of Recent Empirical Findings	3
Explaining the Endurance of Price Level Differences in the Euro Area	3
Cultural Distance and International Trade	2
The Role of Systemic Risk Spillovers in the Transmission of Euro Area Monetary Policy	2
Exchange Rate Volatility and Firms’ Export Decisions: Evidence from Exporter Dynamics Database	2
China’s Monetary Policy and the Loan Market: How Strong is the Credit Channel in China?	2
Do European Cohesion Policies Mitigate the Impact of Fiscal Consolidation on Regional Income Inequality?	2
Rising Wages and Intra-Country Industry Relocation: Evidence from China	2
The Aftermath of Anti-Dumping: Are Temporary Trade Barriers Really Temporary?	2
Guaranteeing Trade in a Severe Crisis: Cash Collateral Over Bank Guarantees	2
One Shock, Many Policy Responses	2
Third-Country Effects of Export Incentives	2
The Influence of Economic Institutions in the Debt-Growth Nexus: Evidence from Nigeria	2
Going Viral: A Gravity Model of Infectious Diseases and Tourism Flows	2
Extreme Capital Flow Episodes From the Global Financial Crisis to COVID-19: An Exploration With Monthly Data	2
Monetary Policy and Determinacy: An Inquiry into Open Economy New Keynesian Macrodynamics	2
EU Sanctions on Russia and Implications for a Small Open Economy: The Case of Cyprus	2
Fiscal Policy Spillovers in a Monetary Union	2
Does Distance Matter for Trade in Services? The Case of Interprovincial Trade in Canada	2
Exporter’s Productivity and the Cash-In-Advance Payment: Transaction-Level Analysis of Turkish Textile and Clothing Exports	2
Optimum Currency Area in the Eurozone	2
Pandemics and Trade in the 21st Century: Evidence from five Pre-Covid Pandemics	2
Do Financial Markets Value Quality of Fiscal Governance?	1
Introduction: Consensus on Convergence	1
Effectiveness of Macroprudential Policies on Credit Surge and Stop Episodes	1
Asymmetric Shocks and the Role of Exchange Rate in Emerging Markets: Evidence from India	1
Strategic Asset Allocation of a Reserves’ Portfolio: Hedging Against Shocks	1
The Trade Effects of the EU-South Korea Free Trade Agreement: Heterogeneity Across Time, Country Pairs, and Directions of Trade within Country Pairs	1
World Commodity Prices and Economic Activity in Advanced and Emerging Economies	1
Real and Financial Integration in Asia – Recent Evidence and Policy Perspective	1
Testing for Consumer Risk-Pooling in the Open Economy – further Results	1
Correction to: Debt and Private Investment: Does the EU Suffer from a Debt Overhang?	1
The Gibson Paradox and the Fisher Effect in Advanced and Emerging Economies	1
In Der Welle Des Preises Mitschwimmen: A Multichannel View of the Weimar Hyperinflation	1
The Mundellian Trilemma and Optimal Monetary Policy in a World of High Capital Mobility	1
The Law of One Food Price	1
Prospects for Reforming the Money and Financial System	1
New Evidence on WTO Membership After the Uruguay Round: An Analysis at the Sectoral Level	1
The Threshold Effect of Finance on Growth: Reassessing the Burden of Evidence	1
Long Memory, Spurious Memory: Persistence in Range-Based Volatility of Exchange Rates	1
Income Inequality in the Over-Indebted Eurozone Countries and the Role of the Excessive Deficit Procedure	1
Trade Diversion effects of China`s Vat Export Rebates	1

Does the Interest Parity Puzzle Hold for Central and Eastern European Economies?	1
Navigating Integration Through Rising Complexity: Convergence Dynamics in the ASEAN Banking Markets	1
Firm Heterogeneity, Home Market Effect, and Gravity Equation in an Oligopoly	1
Housing Affordability, Tourism Activity and Income Inequality: Friends or Foes?	1
Sectoral Exchange Rate Pass-through to Manufacturing Prices: A GVAR Approach	1
Building Bridges or Walls? Understanding Urban-Rural Price Convergence in China	1
Measuring Inflation During the Pandemic with the Benefit of Hindsight	1
The Flaw in the Plan: Information Transparency and International Tax Avoidance Channels	1
Correction: Editorial – Recent Trends in International Reserves: Theory and Evidence	1
Is there Consumer Risk-Pooling in the Open Economy? The Evidence Reconsidered	1
The Bilateral Effects of Non-tariff Measures on the Intensive and Extensive Margins of Trade: Some Panel Evidence1	1
The COVID-19 Pandemic and Chinese Trade Relations	1
Capital Mobility Based on Onshore-Offshore Arbitrage: Empirical Evidence from India and China	1
Evaluating the Treatment Effect of Hard Pegs: New Wine in Old Bottles	1
Exchange Rate Pass-Through, Monetary Policy, and Real Exchange Rates: Iceland and the 2008 Crisis	1