Recent Publications

"Price Dispersion, Inflation, and Welfare", with Alok Kumar, International Economic Review 46(2) (May 2005) 533-72.

"Real Exchange Rates, Preferences, and Incomplete Markets: Evidence, 1961-2001" , with Todd R. Mattina and Gregor W. Smith, Canadian Journal of Economics 37, 3, (August 2004), pp 782-801.

"A Fundamental Theory of Exchange Rates and Direct Currency Trades". , with Shouyong Shi, Journal of Monetary Economics 50(7), (October 2003) pp. 1555-91.

"The CCAPM Meets Euro-Interest Rate Persistence: 1960-2000", with Gregor W. Smith, Journal of International Economics, 59(2), (March 2003) pp. 349-66.

"Aggregate Fluctuations with National and International Returns to Scale'", International Economic Review, 43(4), (November 2002) pp. 1101-25.

Some Recent Research Papers

"Elastic Money, Inflation, and Interest Rate Policy'', with Junfeng Qiu. (December 2008).

"Market Power, Price Adjustment, and Inflation'', with Alok Kumar and Beverly Lapham. (August 2007) Queen's University Working Paper 1089.

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