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Jay Shambaugh

I am Assistant Professor in the Economics Department at Dartmouth College and a Faculty Research Fellow in the International Finance and Macroeconomics Program of the NBER. I have a PhD in Economics from UC Berkeley.

My main area of research is in International Macroeconomics. I have written extensively on Exchange Rate regimes, in particular the connections between exchange rate regimes and monetary policy, but also exchange rate regimes and trade and the nature of exchange rate regimes. More recently, I have worked on issues surrounding reserve accumulation (with Maury Obstfeld and Alan Taylor) and issues surrounding international financial currency exposure, financially weighted exchange rates, and valuation effects (with Philip Lane). I am also working on a book on exchange rate regimes with my frequent co-author, Michael Klein.

some of my publications include:

The Effect of Fixed Exchange Rates on Monetary Policy, Quarterly Journal of Economics vol. 119 no.1, February 2004, p. 301-352.

The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility, Review of Economics and Statistics –vol 87, issue 3- August 2005, pp. 423-38. (with Maurice Obstfeld and Alan M. Taylor)

Fixed Exchange Rates and Trade, Journal of International Economics – vol. 70, December 2006, pp. 359-83 (with Michael Klein)

The Impact of Foreign Interest Rates on the Economy: The Role of the Exchange Rate Regime, Journal of International Economics – vol. 74, 2008, 341-61, (with Julian di Giovanni)

The Dynamics of Exchange Rate Regimes: Fixes, Floats, and Flips, Journal of International Economics - forthcoming. (with Michael Klein)

Some current papers:

Financial Exchange Rates and International Currency Exposures (with Philip Lane)

[Available as NBER Working Paper no. 13433]

Financial Stability, the Trilemma, and International Reserves (with Alan Taylor and Maury Obstfeld) [funded by Bank of France Research Grant]

These papers (and others) are available on my website, along with many data sets including my classification of exchange rate regimes.

http://www.dartmouth.edu/~jshambau/

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