Fixed versus flexible exchange rates: Which provides more fiscal discipline?

Dynamic Noncooperative Game Theory

1982 • 4,166 citations

A Positive Theory of Monetary Policy in a Natural Rate Model

1983 • 2,070 citations

Some Unpleasant Monetarist Arithmetic

1981 • 1,469 citations

The Case for Flexible Exchange Rates

1996 • 1,213 citations

The advantage of tying one's hands

1988 • 861 citations

On the Time Consistency of Optimal Policy in a Monetary Economy

1978 • 796 citations

Excessive Deficits: Sense and Nonsense in the Treaty of Maastricht

1993 • 569 citations

The Stability of Models of Money and Growth with Perfect Foresight

1973 • 328 citations

An Exploration in the Theory of Exchange-Rate Regimes

1981 • 280 citations

Sustainable Plans

1990 • 258 citations

Floating Exchange Rates: Experience and Prospects

1985 • 253 citations

Explaining the duration of exchange-rate pegs

1997 • 249 citations

Temporary Stabilization: Predetermined Exchange Rates

1986 • 245 citations

The Macroeconomic Effects of Fund-Supported Adjustment Programs

1990 • 244 citations

The Case for Flexible Exchange Rates, 1969

1969 • 175 citations

International Coordination of Fiscal Policy in Limiting Economies

1990 • 173 citations

Adjustment in Africa

1996 • 165 citations

Exchange Rate Policy in Developing Countries: Some Analytical Issues

1991 • 163 citations

How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy?

1988 • 157 citations

Advances in Econometrics

1994 • 155 citations

The Honest Government's Guide to the Revenue from the Creation of Money

1974 • 152 citations

Stabilization with Exchange Rate Management

1987 • 114 citations

Parallel Currency Markets in Developing Countries: Theory, Evidence, and Policy Implications

1992 • 89 citations

Credibility and the Dynamics of Stabilization Policy: A Basic Framework

1990 • 83 citations

Characteristics of a Successful Exchange Rate System

1991 • 82 citations

Tight money and inflation: Further Results

1985 • 80 citations

Fiscal discipline and the choice of a nominal anchor in stabilization

1998 • 75 citations

Fiscal discipline and the choice of exchange rate regime

1995 • 66 citations

Explaining the Duration of Exchange-Rate Pegs

1994 • 64 citations

Voracity and Growth

1998 • 58 citations

Membership in the CFA zone : Odyssean journey or Trojan horse?

1990 • 49 citations

Floating Exchange Rates in Developing Countries: Experience with Auction and Interbank Markets

1987 • 48 citations

Do the benefits of fixed exchange rates outweigh their costs? The CFA Zone in Africa

1992 • 48 citations

Monetary Policy in the Open Economy

1991 • 41 citations

Approaches to Greater Flexibility of Exchange Rates: The Bürgenstock Papers

1970 • 29 citations

Temporary stabilization policy

1991 • 21 citations

Chapter 23 Monetary policy in the open economy

1990 • 19 citations

Alternative Exchange Rate Strategies and Fiscal Performance in Sub-Saharan Africa

1993 • 9 citations

Approaches to Greater Flexibility of Exchange Rates: The Burgenstock Papers.

1971 • 9 citations

Alternative Exchange Rate Strategies and Fiscal Performance in Sub-Saharan Africa

1993 • 4 citations