Open Economies Review

Article	Citations
Removing Bias in Estimating Financial Contagion: An Empirical Analysis Based on European Economies	127
The Shock Absorbing Role of Cross-border Investments: Net Positions Versus Currency Composition	20
Collateral Misrepresentation, External Auditing, and Optimal Supervisory Policy	20
Effectiveness of Fiscal Announcements: Early Evidence from COVID-19	15
Money-Output Revisited: Time-Varying Granger Causality Evidence from Forty-Three Countries	13
Did the Bank of England’s Quantitative Easing Programme Become Fiscally Wasteful?	12
Money Growth, Money Velocity and Inflation in the US, 1948–2021	10
The Influence of Economic Institutions in the Debt-Growth Nexus: Evidence from Nigeria	8
Third-Country Effects of Export Incentives	7
Evaluating the Treatment Effect of Hard Pegs: New Wine in Old Bottles	7
The Aftermath of Anti-Dumping: Are Temporary Trade Barriers Really Temporary?	7
The Gibson Paradox and the Fisher Effect in Advanced and Emerging Economies	7
Sectoral Exchange Rate Pass-through to Manufacturing Prices: A GVAR Approach	6
Firm Heterogeneity, Home Market Effect, and Gravity Equation in an Oligopoly	6
Capital Mobility Based on Onshore-Offshore Arbitrage: Empirical Evidence from India and China	6
Do Countries Converge to Their Steady States at Different Rates?	6
Testing for Consumer Risk-Pooling in the Open Economy – further Results	6
World Commodity Prices and Economic Activity in Advanced and Emerging Economies	6
The Economic Effects of COVID-19 Containment Measures	5
African Asylum Seekers in Europe: The Interplay between Foreign Aid and Governance in Origin Countries	5
Market Power, Productivity and Sectoral Labour Shares in Europe	5
Foreign Aid and Recipient Countries’ Participation in Global Value Chains: A Comparative Study Based on Chinese and U.S. Aid	4
“How Do Shocks Affect International Reserves? A Quasi-Experiment of Earthquakes”	4
Openness and Real Exchange Rate Volatility: Evidence from China	4
Global Firms, (de)unionization and Wage Inequality	4

Multiplicity in New Keynesian Models	4
International Trade Liberalization, Human Capital Accumulation, and Economic Growth	4
Religion and Equity Home Bias	4
Financial Development, Political Instability, Trade Openness and Growth in Brazil: Evidence from a New Dataset, 1890-2003	4
Old Firms and New Export Flows: Does Experience Increase Survival?	4
The Role of Systemic Risk Spillovers in the Transmission of Euro Area Monetary Policy	3
Macroeconomic Fluctuations in the United States: The Role of Monetary and Fiscal Policy Shocks	3
Forward Interest Rates as Predictors of Future US Spot Rates Before and After the 2008 Financial Crisis	3
The Role of Fiscal Policy — A Survey of Recent Empirical Findings	3
Rising Wages and Intra-Country Industry Relocation: Evidence from China	3
Correction to: Debt and Private Investment: Does the EU Suffer from a Debt Overhang?	3
Fiscal Stabilization in the United States: Lessons for Monetary Unions	3
The Cost of a Currency Peg during the Great Recession	3
International Reserve Management and Firm Investment in Emerging Market Economies	3
Exchange Rate Volatility and Firms’ Export Decisions: Evidence from Exporter Dynamics Database	3
Optimum Currency Area in the Eurozone	3
Time-Varying Effects of External Shocks on Macroeconomic Fluctuations in Peru: An Empirical Application using TVP-VAR-SV Models	3
Explaining the Endurance of Price Level Differences in the Euro Area	3
Fiscal Policy Spillovers in a Monetary Union	3
Measuring Inflation During the Pandemic with the Benefit of Hindsight	2
The Flaw in the Plan: Information Transparency and International Tax Avoidance Channels	2
Big Data Analytics and Exports—Evidence for Manufacturing Firms from 27 EU Countries	2
What Drives Illicit Financial Flows? An Empirical Study of Trade Data Discrepancies	2
The Trade Effects of the EU-South Korea Free Trade Agreement: Heterogeneity Across Time, Country Pairs, and Directions of Trade within Country Pairs	2
Prospects for Reforming the Money and Financial System	2
Structural Tax Reforms and Public Spending Efficiency	2
Monetary Policy Strategies in Advanced and Emerging Economies	2
Do Financial Markets Value Quality of Fiscal Governance?	2
Long Memory, Spurious Memory: Persistence in Range-Based Volatility of Exchange Rates	2
Can Regional Trade Agreements Negatively Impact Primary Schooling?	2
Reserve Currencies in an Evolving International Monetary System	2
Currency Compositions of International Reserves and the Euro Crisis	1
The Revival of Target Zone Modeling	1
Exchange Rate Regimes and Business Cycle Synchronization	1
An Apocalypse Foretold: Climate Shocks and Sovereign Defaults	1
When the United States and the People’s Republic of China Sneeze: Monetary Policy Spillovers to Asian Economies	1
Does Domestic Demand Matter for Firms’ Exports?	1
Determinants of Net Transactions in TARGET2 of European Banks Based on Micro-data	1
Strategic Asset Allocation of a Reserves’ Portfolio: Hedging Against Shocks	1
North and South: A Regional Model of the UK	1
Correlates of Crisis Induced Credit Market Discipline: The Roles of Democracy, Veto Players, and Government Turnover	1
The Government Spending Multiplier in the Presence of the Informal Sector	1
Jacques Mélitz	1
Sovereign Defaults and Debt Sustainability: A Joint Analysis	1
Global Liquidity and Household Credit Growth	1
Global Shocks in the US Economy: Effects on Output and the Real Exchange Rate	1
Identifying Export Opportunities: Empirical Evidence from the Southern Euro Area Countries	1
Leaning-Against-the-Wind Intervention and the “Carry-Trade” View of the Cost of Reserves	1
The Rising Tides That Lift the Boats: Growth through Heterogeneous Convergence in Chinese Provinces	1
Revisiting the Impact of US Uncertainty Shocks: New Evidence from China’s Investment Dynamics	1

Redistributing Central Bank Incomes and Expenses Across the Eurosystem: the Eurosystem’s Monetary Income	1
Monetary Policy Announcements, Information Shocks, and Exchange Rate Dynamics	1
A New Class of Revealed Comparative Advantage Indexes	1
Effects of Redistribution on Growth in Brazil: A GVAR Approach	1
Lifting the Veil: Using a Spatial Discontinuity to Assess the Impact of National Development Zones on Upgrading of Chinese Manufacturing	1
The “Double Trap” in China—Multiple Equilibria in Institutions and Income and their Causal Relationship	1
Editorial – Recent Trends in International Reserves: Theory and Evidence	1
Taming the “Capital Flows-Credit Nexus”: A Sectoral Approach	1
Gross Product, Population Distribution and Heterogeneity of Border Effects in Gravity Models of Trade	1
Effectiveness of Macroprudential Policies on Credit Surge and Stop Episodes	1
Technological Leaders, Laggards and Spillovers: A Network GVAR Analysis	1
Correction: Editorial – Recent Trends in International Reserves: Theory and Evidence	1
Globalisation, Welfare Models and Social Expenditure in OECD Countries	1
Extreme Capital Flow Episodes From the Global Financial Crisis to COVID-19: An Exploration With Monthly Data	1
Navigating Integration Through Rising Complexity: Convergence Dynamics in the ASEAN Banking Markets	0
The Heterogenous Threshold Effects of Public Debt on Economic Growth: Empirical Evidence from Developing Countries	0
Computable General Equilibrium Models of Trade in the Modern Trade Policy Debate	0
The Law of One Food Price	0
Boosting Carry with Equilibrium Exchange Rate Estimates	0
Liberalizing Trade and Capital Flows and the Wage Gap: Does Sequencing Matter?	0
The Effects of Globalization on Skilled Labor, Unskilled Labor, and the Skill Premium	0
The European Monetary Policy Responses During the Pandemic Crisis	0
US Sanctions Reinforce the Dollar’s Dominance	0
The Threshold Effect of Finance on Growth: Reassessing the Burden of Evidence	0
Real and Financial Integration in Asia – Recent Evidence and Policy Perspective	0
Financial Constraints and Firms’ Productivity: The Role of Participation in Global Value Chains	0
Assessing Digital Leadership: Is the EU Losing Out to the US?	0
Assessing the Effects of Capital Account Liberalization on Savings	0
Effect of Remittance Inflows on External Debt in Developing Countries	0
Current Account Imbalances, Real Exchange Rates, and Nominal Exchange Rate Variability	0
Gravity in the Beautiful Game: Labor Market Liberalization and Footballer Migration	0
Monetary Policy and Determinacy: An Inquiry into Open Economy New Keynesian Macrodynamics	0
Systemic Financial Crises and Income Inequality in OECD Countries	0
The Mundellian Trilemma and Optimal Monetary Policy in a World of High Capital Mobility	0
Exporter’s Productivity and the Cash-In-Advance Payment: Transaction-Level Analysis of Turkish Textile and Clothing Exports	0
Trade Diversion effects of China`s Vat Export Rebates	0
One Shock, Many Policy Responses	0
Econometric Aspects of Convergence: A Survey	0
Income Inequality in the Over-Indebted Eurozone Countries and the Role of the Excessive Deficit Procedure	0
A Functional Classification Analysis of Government Spending Multipliers	0
A Spatial General Equilibrium Analysis of Local Public Spending Multipliers in the European Union Regions	0
Greece 2010–18: What Could Have Been Done Differently?	0
EU Sanctions on Russia and Implications for a Small Open Economy: The Case of Cyprus	0
Do Monetary Policy Shocks Have Asymmetric Effects on Stock Market?	0
Transforming East Asia: Regional Integration in a Trade War Era	0
Guaranteeing Trade in a Severe Crisis: Cash Collateral Over Bank Guarantees	0
The Determinants of FDI Reinvestment Rates	0
Fiscal Space and Policy Response to Financial Crises: Market Access and Deficit Concerns	0
Original Sin Dissipation and Currency Exposures in Emerging Markets	0
Using Machine Learning to Capture Heterogeneity in Trade Agreements	0
Testing for UIP-Type Relationships: Nonlinearities, Monetary Announcements and Interest Rate Expectations	0
What Have the Monetary Authorities Really Stabilised, and Does it Matter?	0
Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries	0
Convergence in Financial Development and Growth	0
Monetary Policy is Not Always Systematic and Data-Driven: Evidence from the Yield Curve	0
In Der Welle Des Preises Mitschwimmen: A Multichannel View of the Weimar Hyperinflation	0
Current Account Adjustment of the Euro Area in the 2010s: Causes and Policies	0
A New Risk-Based Approach to Measuring Illicit Financial Flows Vulnerability	0
Eras of Monetary and Financial Dominance: A Copernican-Type Model of Multilayered Network with Endogenous Regimes	0
China’s Monetary Policy and the Loan Market: How Strong is the Credit Channel in China?	0
A Match Made in Maastricht: Estimating The Treatment Effect of the Euro On Trade	0
Capital Controls or Macroprudential Policies: Which is Better for Land Booms and Busts?	0
Does Distance Matter for Trade in Services? The Case of Interprovincial Trade in Canada	0
Business Cycle Co-Movement in Europe: Trade, Industry Composition and the Single Currency	0
Regulatory Capital Requirements, Inflation Targeting, and Equilibrium Determinacy	0
Exchange Rate Pass-Through, Monetary Policy, and Real Exchange Rates: Iceland and the 2008 Crisis	0
On the International Spillover Effects of Uncertainty	0
Building Bridges or Walls? Understanding Urban-Rural Price Convergence in China	0
Inflation Differentials in the Euro Area at the Time of High Energy Prices	0
Foreign and Domestic Uncertainty Shocks in Four Open Economies	0
50 Years of Capital Mobility in the Eurozone: Breaking the Feldstein-Horioka Puzzle	0
The Controversy over European Inflation in 1500–1700: Precious Metals or Population? The English Evidence	0
Forecasting Fiscal Crises in Emerging Markets and Low-Income Countries with Machine Learning Models	0
Pandemics and Trade in the 21st Century: Evidence from five Pre-Covid Pandemics	0
Which Capital Flow Surge Methods Are Better at Predicting Reversals and Sudden Stops?: Balancing Type 1 and Type 2 Errors	0
New Evidence on WTO Membership After the Uruguay Round: An Analysis at the Sectoral Level	0
Does the Interest Parity Puzzle Hold for Central and Eastern European Economies?	0
Covid-19 and Capital Flows: The Responses of Investors to the Responses of Governments	0
Asymmetric Shocks and the Role of Exchange Rate in Emerging Markets: Evidence from India	0
Policy Challenges for Open Economies	0

Nowcasting Real GDP for Saudi Arabia1*	0
The Macroeconomic Controversy Over Price Rigidity — How to Resolve it and How Bayesian Estimation has Led us Astray	0
Sudden Stops, Productivity and the Optimal Level of International Reserves for Small Open Economies	0
Is There a Pervasive World Real Credit Cycle?	0
Macroprudential Policies and Global Banking	0
Emerging Market Economies’ Challenge: Managing the Yield Curve in a Financially Globalized World	0
Yet it Endures: The Persistence of Original Sin	0
The Impacts of Financial Crises on the Trilemma Configurations	0
Revisiting Paul de Grauwe’s Chaotic Exchange Rate Model: New Analytical Insights and Agent-Based Explorations	0
Distributional Effects of Structural Reforms in Developing Countries: Evidence from Financial Liberalization	0
Cultural Distance and International Trade	0
Introduction: Consensus on Convergence	0
Household Debt and Economic Growth: Debt Service Matters	0
The Distributional Effects of Capital Inflows	0
Stock Market Uncertainty and Business Optimism in Major Emerging Economies	0
The COVID-19 Pandemic and Chinese Trade Relations	0
How Much Price Stickiness in Hong Kong? —Evidence from Small Open Economy DSGE and Indirect Inference	0
The Bilateral Effects of Non-tariff Measures on the Intensive and Extensive Margins of Trade: Some Panel Evidence1	0
Uncertain Potential Output: Implications for Monetary Policy in a Small Open Economy	0
The Economy in People’s Minds: are EU Countries Connected?	0
Responses of Foreign Exchange Market to External Shocks: What Makes Differences?	0
Do European Cohesion Policies Mitigate the Impact of Fiscal Consolidation on Regional Income Inequality?	0
Indirect Inference and Small Sample Bias — Some Recent Results	0
Housing Affordability, Tourism Activity and Income Inequality: Friends or Foes?	0