Jerome Stein
| Publications |
Books and MonographsStochastic Optimal Control, and U.S. Debt Crises, Springer-Science, 2012.
Stochastic Optimal Control, International Finance and Debt Crises, Oxford University Press, 2006
Equilibrium Exchange Rates (with R. MacDonald), Kluwer, 1999
Fundamental Determinants of Exchange Rates. Oxford: Oxford University Press, 1995 (Jerome L Stein, Polly R Allen and associates) International Financial Markets: Integration, Efficiency and Expectations, Oxford: Basil Blackwell, 1991. The Economics of Futures Markets, Oxford: Basil Blackwell, 1986. "Futures Markets and Capital Formation" in A. Peck (ed.), Futures Markets: Their Economic Role, Washington, DC: American Enterprise Institute, 1985. Monetarist, Keynesian and New Classical Economics, Basil Blackwell, Oxford and New York University, 1982. "Spot, Forward and Futures," in Research in Finance I (ed.), Haim Levy, JAI Press, Conn., 1979. (with G. Borts), Economic Growth in a Free Market, Columbia University Press, 1964. Money and Capacity Growth, Columbia University Press, 1971. Monetarism, North-Holland, 1976 (editor and contributor). The Nature and Efficiency of the Foreign Exchange Market, Essays in International Finance, No. 40, Princeton Press, 1962.
Scholarly PublicationsGray Swans: Comparison of Natural and Financial Hazard Assessment and Mitigation, Jerome L. Stein and Seth Stein, PDF
The Diversity of Debt Crises in Europe, CESifo Forum, 4/2011 The Diversity of Debt Crises in Europe, Cato Journal, vol. 31 (2) Spring 2011
Greenspan, Dodd-Frank and Stochastic Optimal Control, CESifo Forum, 2011/1 Spring 2011
A Critique of Alan Greenspan’s retrospetive on the crisis, Journal Financial Transformation, November 2010
Greenspan’s Retrospective of Fiancial Crisis and Stochastic Optimal Control, European Fiancial management, 2010
The Crisis, Fed, Quants and Stochastic Optimal Control, Economic Modelling, 28, 2011
United States Current Account Deficits: A Stochastic Optimal Control Analysis, Journal of Banking and Finance, 31 (5) May 2007.
Optimal Debt and Endogenous Growth in Models of International Finance, Australian Economic Papers, December 2005
Applications of Stochastic Optimal Control/Dynamic Programming to International Finance and Debt Crises, Nonlinear Analysis, 63 2005.
Asian Crises: Theory, Evidence, Warning Signals, Singapore Economic Review, Invited Eminent Paper Series, 49 (2) October 2004 (with Guay Lim)
Stochastic Optimal Control Modeling of Debt Crises, American Mathematical Society, Contemporary Mathematics 351, 2004
Stochastic Optimal Control, International Finance and Debt, Journal of Banking and Finance 2004 (with Wendell H. Fleming)
The Equilibrium Real Exchange Rate of the Euro: An Evaluation of Research, Ifo Studien, October 2002 3/2000
Introduction to "Exchange Rates in Europe and Australasia", Australian Economic Papers, December 2002 (with Guay C. Lim)
Repercussions of EU Enlargement for the equilibrium Value of the Euro, Australian Economic Papers, December 2002
"Country Default Risk: An Empirical Assessment", Australian Economic Papers, 40, 4, 2001 (with G. Paladino)
"Exchange Rate Misalignments and Crises", Jahbuch fur Wirtschaftswissenschaften, Review of Economics, Band 52/2001, Heft 2 , 2001, (with Giovanna Paladino)
"Stochastic Inter-Temporal Optimization in Discrete Time" in Negishi, Takashio, Rama Ramachandran and Kazuo Mino (ed) Essays in Honor of Ryuzo Sato, Kluwer, 2001 (with Wendell H. Fleming)
“Methodological Issues in Asset Pricing: Random Walk or Chaotic Dynamics”, Jour. Banking and Finance,1999 (with A.G. Malliaris)
“The Evolution of the Real Value of the US Dollar Relative to the G7 Currencies”, in R. MacDonald and Jerome L. Stein, Equilibrium Exchange Rates, Kluwer, 1999
“Introduction: Equilibrium Exchange Rates” in R. MacDonald and Jerome L. Stein, Equilibrium Exchange Rates, Kluwer, 1999, (with R. MacDonald)
“Recent Developments in Interntional Finance: A Guide to Research”, Jour. Banking and Finance, 21 11/12 1997 (with G. Paladino)
“The Equilibrium Real Exchange Rate of Germany” in The Globalization of Marketsm Physica-Verlag, 1997 (with K. Sauernheimer)
Real Exchange Rates and Current Accounts: The Implications of Economic Science for Policy Decisions, Economie Appliquée, XLIX 1996
Fundamental Determinants of Exchange Rates, Oxford University Press, 1995 (with P.Allen et al)
The Fundamental Determinants of the real Exchange Rate of the US Dollar Relative to the Other G-7 Currencies, International Monetary Fund W P 95-81, July 1995
Can A Central Bank Achieve Price Stability? Review, Federal Reserve Bank of St Louis, March/April 1994
The Natural Real Exchange Rate of the United States Dollar and Determinants of Capital Flows, in John Williamson (ed) Estimation of Equilibrium Exchnage Rates, Institute for International Economics, Washington, DC 1994
Fundamental Determinants of Exchange Rates, Journal of International and Comparative Economics, I,2, 1992
Price Discovery Processes, Economic Record, Special Issue on Futures Markets, July, 1992
International Financial Markets: Integration, Efficiency and Expectations. Oxford: Basil Blackwell, 1991.
"Rational Expectations and Welfare in Financial Futures Markets," Barry A. Goss (ed.), Rational Expectations and Efficiency in Futures Markets, London: Routledge, 1990.
"Capital Market Integration," Journal of Banking and Finance, Special Issue: Real and Nominal Exchange Rates, 5, 1990, (with P. R. Allen).
"The Real Exchange Rate," Journal of Banking and Finance, Special Issue: Real and Nominal Exchange Rates, 5, 1990.
"An Evaluation of the Performance of Speculative Markets," Louis Phlips (ed.), Commodity Futures and Financial Markets, Kluwer, 1990.
(with B. G. Hong), "Price Volatility and Speculation," Journal of Accounting, Auditing and Finance, 1990.
"Speculative Markets and Macroeconomic Controversy," D. Laussel, William Marois, Antoine Soubeyran (ed.), Monetary Theory and Policy, Springer-Verlag, 1989.
"Keynes, Asset Price Fluctuations and Rational Expectations," Studies in Banking and Finance, Essays in Memory of Irwin Friend, Journal of Banking and Finance, Vol. 5, 1988.
The Economics of Futures Markets, Oxford: Basil Blackwell, 1986.
"Real Effects of Futures Speculation: Asymptotically Rational Expectations," Economica, 53, 1986.
"Futures Markets and Capital Formation," in A. Peck (ed.), Futures Markets: Their Economic Role, Washington, DC: American Enterprise Institute, 1985.
"Rational, Irrational and Over-regulated Speculative Markets," in R. Lanzillotti and Y. Peles (ed.), Management Under Government Intervention, Research in Finance, JAI Press, Supplement, 1984.
"Exchange Rate Management with Rational Expectations but Diverse Precisions" in J. Bhandari (ed.), Exchange Rate Management Under Uncertainty, MIT Press, 1984.
"Real Effects of Futures Speculation," Columbia University, Center for the Study of Futures Markets, CSFM-88, 1984.
"Federal Budget Deficits Matter," Laurence H. Meyer (ed.), The Economic Consequence of Government Deficits, Kluwer-Nijhoff Publishing Co., Boston-The Hague, 1983.
"A Theoretical Explanation of the Empirical Studies of Futures Markets in Foreign Exchange and Financial Instruments: A Review Article," Financial Review, 18(1), 1983.
Monetarist, Keyenesian and New Classical Economics, Oxford: Basil Blackwell, 1982.
"Realisme et Pertinence du Modele Conventionnel de la balance des paiements," Economies et Societes, ISMEA Serie MO(3), 1982.
"Speculative Price: Economic Welfare and the Idiot of Chance," Review of Economics and Statistics, LXIII (1981).
"Monetarist, Keynesian and New Classical Economics," American Economic Review, 71 (1981).
"The Dynamics of Spot and Forward Prices in an Efficient Foreign Exchange Market with Rational Expectations," American Economic Review, 70(4), September, 1980.
(with E. F. Infante), "Money Financed Fiscal Policy in a Growing Economy," Journal of Political Economy, 88(2), 1980.
"The Acceleration of Inflation," Journal of Post-Keynesian Economics, II(1), Fall, 1979.
(with Y. C. Peles), "On Regulation and Uncertainty," American Economic Review, 69(1), March, 1979.
"Inflation, Employment and Stagflation," Journal of Monetary Economics, 4, No. 2 (1978).
(with H. Hori), "International Growth with Free Trade in Equities and Goods," International Economic Review, 18, No. 1 (1977).
"Inflation and Stagflation," Journal of Banking and Finance, 2 (1978).
"Money and Growth," Economic Appliquee, xxx (1977).
"Social Welfare under Fixed and Flexible Exchange Rates," Carnegie-Rochester Series on Public Policy (ed.), Karl Brunner and Allan Meltzer, Vol. 5 (1977).
"Inflation and Stability," Carnegie-Rochester Conference Series on Public Policy (ed.), Karl Brunner and Allan Metzler, Vol. 8 (1978).
"Inside the Monetarist Black Box," J. L. Stein (ed.), Monetarism, North-Holland, 1976.
"A Keynesian can be a Monetarist," op. cit.
(with Y. Peles), "The Effect of Rate Return Regulation is Highly Sensitive to the Nature of Uncertainty," American Economic Review (1976).
(with E. Infante), "Does Fiscal Policy Matter," Journal of Monetary Economics (1976).
"Social Welfare under Fixed and Flexible Exchange Rates," Journal of Monetary Economics (1976).
"Priorities and Pollution," American Economic Review (September, 1974).
"Unemployment, Inflation and Monetarism," American Economic Review (December, 1974).
(with E. F. Infante), "Optimal Growth with Robust Feedback Control," Review of Economic Studies (1973). (with E. F. Infante), "Optimal Stabilization Paths," Journal of Money, Credit and Banking (1973).
(with G. Borts), "Behavior of the Firm under Regulatory Constraint," American Economic Review (1972).
"The 1971 Report of the President's Council of Economic Advisors: Micro-Economic Aspects of Public Policy," American Economic Review, September, 1971.
"The Optimum Quantity of Money," Journal of Money, Credit and Banking, II, No. 4, November, 1970.
"Monetary Growth Theory in Perspective," American Economic Review, LX, No. 1, March, 1970.
"A Minimal Role of Government in Achieving Optimal Growth," Economica, 36, May, 1969.
"Stabilization Policies in a Growing Economy," (with K. Nagatani), Review of Economic Studies, 36, April, 1969.
"Neoclassical and Keynes-Wicksell Monetary Growth Models," Journal of Money, Credit and Banking, I, May, 1969.
"Rational Choice and Patterns of Growth in a Monetary Economy: Comment," American Economic Review, 58, September, 1968.
"Money and Capacity Growth," Journal of Political Economy, 74, October, 1966.
"The Short-run Stability of the Foreign Exchange Market," (with E. Tower), The Review of Economics and Statistics, 1967.
"Short-term Capital Movements: A Reply," American Economic Review, 1967.
"The Forward Rate and the Interest Parity," Review of Economic Studies, 1965.
"International Short-term Capital Movements," American Economic Review, 1965.
"Differential Growth Rates Among Open Economies: Theory and Fact," in M. J. Brennan ed.), Patterns of Market Behavior, 1965.
Economic Growth in a Free Market (with G. Borts), New York: Columbia University Press, 1964.
"The United States Balance of Payments," Materials submitted to the Joint Economic Committee, Congress of the United States, 1963.
"The Optimum Foreign Exchange Market," American Economic Review, 1963.
"Oligopoly in Risk-Bearing Industries with Free Entry," Economica, 1963.
"The Rationality of Official Intervention in the Forward Exchange Market," Quarterly Journal of Economics, 1963.
"Regional Growth and Maturity in the United States," (with G. Borts), Schweizerische Zeitschrift fur Volkswirtschaft und Statistik, 1962.
The Nature and Efficiency of the Foreign Exchange Market, Essays in International Finance, No. 40, Princeton University Press, 1962.
"Forces Producing Disturbances in the Value of Output," Journal of Political Economy, 1962.
"Investment Return as a Measure of Comparative Regional Economic Advantage," (with G. Borts), in W. Hochwald (ed.), Design of Regional Accounts, 1961.
"The Simultaneous Determination of Spot and Future Prices," American Economic Review, 1961.
"Destabilizing Speculative Activity can be Profitable," Review of Economics and Statistics, 1961.
"A Method of Identifying Disturbances which Produce Changes in Money National Income," Journal of Political Economy, 1960.
"A Theory of Interstate Differences in the Rates of Growth of Manufacturing Employment in a Free Market Area," International Economic Review, 1960.
"Interregional Comparisons of the Marginal Product of Capital," Southern Economic Journal, 1958.
"The Predictive Accuracy of the Marginal Productivity Theory of Wages," The Review of Economic Studies, 1958.
Forecast of New England's Machinery Industry in 1970, (with M. Schupack), Federal Reserve Bank of Boston, 1959.
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