{"id":6,"date":"2011-09-26T15:07:09","date_gmt":"2011-09-26T15:07:09","guid":{"rendered":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/publications\/"},"modified":"2021-07-16T15:58:40","modified_gmt":"2021-07-16T20:58:40","slug":"publications","status":"publish","type":"page","link":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/","title":{"rendered":"Research (with Data and Code)"},"content":{"rendered":"<p><a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2020\/07\/ResearchBookCover.jpg\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-279 alignleft\" src=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2020\/07\/ResearchBookCover.jpg\" alt=\"ResearchBookCover\" width=\"300\" srcset=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2020\/07\/ResearchBookCover.jpg 450w, https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2020\/07\/ResearchBookCover-202x300.jpg 202w, https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2020\/07\/ResearchBookCover-439x650.jpg 439w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/a><\/p>\n<h3><strong>Understanding the<span style=\"color: #993300\"> Implications of Trade and Financial Market Integration for Business Cycles<\/span><\/strong><\/h3>\n<h3>Mario J Crucini\u00a0(Vanderbilt University and NBER, USA)<\/h3>\n<p><a href=\"https:\/\/doi.org\/10.1142\/11498\">https:\/\/doi.org\/10.1142\/11498<\/a>\u00a0|\u00a0April 2020<\/p>\n<p>Pages: 584<br \/>\nThis volume contains reprints of most of my peer-reviewed academic research<\/p>\n<p><a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/I.-Crucini-TOC-new.pdf\">Table of Contents<\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3><span style=\"color: #0000ff\">\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2020\/12\/CruciniCV.pdf\">Curriculum Vitae<\/a><\/span><\/h3>\n<h4>WORKING PAPERS<\/h4>\n<p><span style=\"color: #3366ff\">My NBER profile and research papers can be found at the NBER by clicking this <span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/www.nber.org\/people\/mario_crucini?page=1&amp;perPage=50\">link<\/a><\/span><\/span><\/p>\n<ul>\n<li>Crucini, Mario J., and Oscar O&#8217;Flaherty. &#8220;<strong>Stay-at-Home Orders in a Fiscal Union<\/strong>,&#8221;\u00a0\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2020-w28182-CO.pdf\">NBER Working Paper No. 28182<\/a>, December 2020.<\/li>\n<li>Crucini, Mario J., Mototsugu Shintani and Takayuki Tsuruga. \u201c<strong>A Behavioral<\/strong><br \/>\n<strong> Explanation for the Puzzling Persistence of the Aggregate Real Exchange Rate<\/strong>.\u201d <a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2020-w27420-CST.pdf\">NBER Working Paper No. 27420<\/a>, June 2020.\u00a0 <a href=\"https:\/\/www.youtube.com\/watch?v=T4KMcxl8HF0\">video presentation<\/a><\/li>\n<li>Dong Cheng &amp; Mario J. Crucini &amp; Hyunseung Oh &amp; Hakan Yilmazkuday. &#8220;<strong>Early 20th Century American Exceptionalism: Production, Trade and Diffusion of the Automobile<\/strong>,&#8221; <a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2019-w26121-CCOY.pdf\">NBER Working Papers 26121<\/a>July 2019.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h4>IN PEER REVIEWED ACADEMIC JOURNALS<\/h4>\n<ul>\n<li>Crucini, Mario J. and Nam Vu. \u201c<strong>Did the American Recovery and Reinvestment Act Help Counties Most Affected by the Great Recession<\/strong>,\u201d <span style=\"text-decoration: underline\">Review of Economic Dynamics<\/span>, available online 17 November 2020.\u00a0 <a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2020-w24093-CV.pdf\">Working paper version<\/a>\u00a0.<\/li>\n<li>Crucini, Mario J., and Christopher I. Telmer. \u201c<strong>Microeconomic Sources of Real Exchange Rate Variation<\/strong>,\u201d\u00a0<span style=\"text-decoration: underline\">Review of Economic Dynamics,<\/span>\u00a0October 2020, Vol. 38, 22-40.<a href=\"https:\/\/cdn.vanderbilt.edu\/vu-my\/wp-content\/uploads\/sites\/276\/2011\/09\/14093131\/2012-wp17978-CT.pdf\">Working paper version.<\/a><\/li>\n<li>Crucini, Mario J., Craig Benedict and Anthony Landry. \u201c<strong>On What States Do Prices Depend? Answers from Ecuador<\/strong>,\u201d (online 15 October 2019) <span style=\"text-decoration: underline\">Journal of Money, Credit and Banking<\/span>. <a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2016-w22506-BCL.pdf\">Working paper version<\/a>.<\/li>\n<li>Crucini, Mario J., and Anthony Landry (2017). \u201c<strong>Accounting for Real Exchange Rates Using Micro-Data<\/strong>.\u201d <span style=\"text-decoration: underline\">Journal of International Money and Finance<\/span>, March 2019, Vol. 91, 86-100.\u00a0<a href=\"https:\/\/cdn.vanderbilt.edu\/vu-my\/wp-content\/uploads\/sites\/276\/2011\/09\/14093134\/2012-w17812-CL.pdf\">Working paper version<\/a><\/li>\n<li>Crucini, Mario J. and Gregor Smith. \u201c<strong>Distance and Time Effects in Swedish Commodity Prices, 1732-1914<\/strong>,\u201d East Asian Economic Review, December 2016, Vol. 20(4), 427-445.<\/li>\n<li>Chen, Kan and Mario J. Crucini, \u201c<strong>Trends and Cycles in Small Open Economies: Making the Case for a General Equilibrium Approach<\/strong>,\u201d <u>Journal of Economic Dynamics and Control<\/u>, November 2016, Vol. 72, 159-168.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2018\/08\/2016-w22460-CC.pdf\">Working paper version<\/a><\/li>\n<li>Crucini, Mario J., and J. Scott Davis. \u201c<strong>Distribution Capital and the Short- and Long-Run Import Demand Elasticity<\/strong>,\u201d <u>Journal of International Economics<\/u>, May 2016, Vol. 100, Pages 203-219. <a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2013-w18753-CD.pdf\">Working paper version<\/a><\/li>\n<li><span style=\"font-family: Roboto, sans-serif;font-size: 1rem\">Crucini, Mario J., and Mototsugu Shintani. \u201c<strong>Measuring Business Cycles By Saving for a Rainy Day<\/strong>.\u201d <\/span><u style=\"font-size: 1rem\">Canadian Journal of Economics<\/u><span style=\"font-family: Roboto, sans-serif;font-size: 1rem\">, Vol. 48(4), 1266\u20131290, November 2015.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2010-w16075-CS.pdf\">Working paper version<\/a><\/span><\/li>\n<li>Crucini, Mario J., Mototsugu Shintani and Takayuki Tsuruga. \u201c<strong>Noisy Information, Distance and Law-of-One-Price Dynamics Across US Cities<\/strong>.\u201d <u>Journal of Monetary Economics<\/u>, September 2015, Vol. 74, 52\u201366.\u00a02010.<\/li>\n<li>Crucini, Mario J. and Hakan Yilmazkuday. \u201c<strong>Understanding Long-run Price Dispersion<\/strong>,\u201d <u>Journal of Monetary Economics<\/u>, September 2014, Vol. 66, 226-240.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2009-w14834-CY.pdf\">Working paper version<\/a><\/li>\n<li>Crucini, Mario J., Mototsugu Shintani and Takayuki Tsuruga. \u201c<strong>Real Exchange Rate Dynamics in Sticky Wage Models<\/strong>.\u201d <u>Economic Letters,<\/u> May 2014, Vol. 123(2), 160-163.<\/li>\n<li>Crucini, Mario J., Mototsugu Shintani and Takayuki Tsuruga. \u201c<strong>Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?<\/strong>\u201d <u>European Economic Review<\/u>, May 2013, Vol. 62, 58-72.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2010-w16081-CST3.pdf\">Working paper version<\/a><\/li>\n<li>Crucini, Mario J., John Conley, Robert Driskill and Ali Sina Onder. \u201c<strong>The Effects of Publication Lags on Life Cycle Research Productivity in Economics<\/strong>,\u201d <u>Economic Inquiry<\/u>, April 2013.\u00a0 Vol. 51(2), 1251\u20131276.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2011-w17043-CCDO.pdf\">Working paper version<\/a><\/li>\n<li>Bond, Eric W., Mario J. Crucini, Tristan Potter and Joel Rodrigue, \u201c<strong>Misallocation and Productivity Effects of the Hawley-Smoot Tariff<\/strong>,\u201d <u>Review of Economics Dynamics<\/u>, January 2013, Vol. 16(1), 120-134.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2012-w18034-BCPR.pdf\">Working paper version<\/a><\/li>\n<li>Berka, Martin, Mario J. Crucini and Chih-Wei Wang. \u201c<strong>International Risk Sharing and Commodity Prices<\/strong>,\u201d <u>Canadian Journal of Economics<\/u>, May 2012, Vol. 45(2), 427-447.<\/li>\n<li>Crucini, Mario J., Ayhan Kose, and Christopher Otrok. \u201c<strong>What Are the Driving Forces of International Business Cycles?<\/strong>\u201d\u00a0<u>Review of Economic Dynamics,<\/u> January 2011, Vol. 14(1), 156-175.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2008-w14380-CKO.pdf\" target=\"_blank\">WP version<\/a>|| Appendix (pdf) || Data (excel) || Replication (Gauss)<\/li>\n<li>Crucini, Mario J., Mototsugu Shintani and Takayuki Tsuruga. \u201c<strong>Accounting For Persistence and Volatility of Good-Level Real Exchange Rates: The Role of Sticky Information<\/strong>.\u201d <u>Journal of International Economics,<\/u> May 2010, Vol. 81, 48-60.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/2008-w14381-CST-1.pdf\">Working paper version<\/a><\/li>\n<li>Crucini, Mario J., Mototsugu Shintani and Takayuki Tsuruga. \u201c<strong>The Law-of-One-Price Without the Border: The Role of Distance Versus Sticky Prices<\/strong>.\u201d <u>The Economic Journal<\/u>, May 2010, Vol. 120(544), 462-480.\u00a02010.<\/li>\n<li>Crucini, Mario J. and Mototsugu Shintani. \u201c<strong>Persistence in Law-of-One-Price Deviations: Evidence from Micro-Data<\/strong>.\u201d\u00a0 <u>Journal of Monetary Economics<\/u>, April 2008, Vol. 55(3), 629-644.<\/li>\n<li>Crucini, Mario J., Christopher I. Telmer, and Marios Zachariadis. \u201c<strong>Understanding European Real Exchange Rates<\/strong>.\u201d\u00a0 <u>American Economic Review<\/u>, June 2005, Vol. 95 (3), 724-738.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2018\/08\/AERJune2005v95n3p724.pdf\">Published version<\/a><\/li>\n<li>Bidarkota, Prasad and Mario J. Crucini. \u201c<strong>Commodity Prices and the Terms of Trade<\/strong>.\u201d\u00a0 <u>Review of International Economics<\/u>, November 2000, 8(4), 647-666.<\/li>\n<li>Backus, David K. and Mario J. Crucini. \u201c<strong>Oil Prices and the Terms of Trade<\/strong>.\u201d <u>Journal of International Economics<\/u>, February 2000, 50(1), 185-213.<\/li>\n<li>Crucini, Mario J. \u201c<strong>On International and National Dimensions of Risk Sharing<\/strong>.\u201d <u>The Review of Economics and Statistics<\/u>, February 1999, Vol. LXXXI, No. 1, 73-84.<\/li>\n<li>Crucini, Mario J. \u201c<strong>Country Size and Economic Fluctuations<\/strong>.\u201d <u>Review of International Economics<\/u>, May 1997, Vol. 5(2), 204-220.<\/li>\n<li>Crucini, Mario J. and James Kahn.\u00a0 \u201c<strong>Tariffs and Aggregate Economic Activity: Lessons From the Great Depression<\/strong>.\u201d\u00a0 <u>Journal of Monetary Economics<\/u>, December 1996, Vol. 38(3), 427-467.<\/li>\n<li>Baxter, Marianne and Mario J. Crucini. \u201c<strong>Business Cycles and the Asset Structure of Foreign Trade<\/strong>.\u201d\u00a0 <u>International Economic Review<\/u>, November 1995, Vol. 36(4), 821-854.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2011\/09\/1994-w4975-BC.pdf\">Working paper version<\/a><\/li>\n<li>Crucini, Mario J. \u201c<strong>Sources of Variation in Real Tariff Rates: The United States, 1900-1940<\/strong>.\u201d <u>American Economic Review<\/u>, June 1994, Vol. 84(3), 732-743. Reprinted in: The Seminal Works Of The Great Depression, edited by Randall E. Parker, Edward Elgar Publishing, 2011.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2018\/08\/crucini-aer94.pdf\">Published version<\/a><\/li>\n<li>Baxter, Marianne and Mario J. Crucini. \u201c<strong>Explaining Saving-Investment Correlations<\/strong>.\u201d\u00a0 <u>American Economic Review<\/u>, June 1993, Vol. 83(3), 416-436. Reprinted in: \u201cThe International Library of Critical Writings in Economics 191: Open Economy Macroeconomics, Volume II,\u201d edited by Norman C. Miller. Northampton, MA: Edward Elgar Publishing, 2006.\u00a0<a href=\"https:\/\/cdn-dev.vanderbilt.edu\/t2-my-dev\/wp-content\/uploads\/sites\/276\/2018\/08\/baxter-crucini-aer93.pdf\">Published version<\/a><\/li>\n<li>Baxter, Marianne, Mario J. Crucini and K. Geert Rouwenhorst.\u00a0 \u201c<strong>Solving the Stochastic Growth Model by a Discrete-State-Space, Euler-Equation Approach<\/strong>.\u201d\u00a0 <u>Journal of Business and Economic Statistics<\/u>, January 1990, Vol. 8(1), 19-21.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding the Implications of Trade and Financial Market Integration for Business Cycles Mario J Crucini\u00a0(Vanderbilt University and NBER, USA) https:\/\/doi.org\/10.1142\/11498\u00a0|\u00a0April 2020 Pages: 584 This volume contains reprints of most of my peer-reviewed academic research Table of Contents &nbsp; \u00a0Curriculum Vitae WORKING PAPERS My NBER profile and research papers can be found at the NBER by&#8230;<\/p>\n","protected":false},"author":374,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"page_onecolumn.php","meta":{"footnotes":""},"tags":[],"class_list":["post-6","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/pages\/6","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/users\/374"}],"replies":[{"embeddable":true,"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/comments?post=6"}],"version-history":[{"count":61,"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/pages\/6\/revisions"}],"predecessor-version":[{"id":343,"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/pages\/6\/revisions\/343"}],"wp:attachment":[{"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/media?parent=6"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/my.dev.vanderbilt.edu\/mariocrucini\/wp-json\/wp\/v2\/tags?post=6"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}