A member of the National Academy of Sciences, he is the author most recently of This Time Is Different: Eight Centuries of Financial Folly (with Carmen M. Reinhart), 2009.

• Increasing returns, imperfect competition and the positive theory of international trade (P. Krugman). Technology and trade (G.M. Grossman, E. Helpman). International trade theory: The evidence (E. Leamer, J. Levinsohn). Strategic trade policy (J.A. Brander). Political economy of trade policy (D. Rodrik). International rules and institutions for cooperative trade policy (R. Staiger). Estimating the effects of trade policy (R.C. Feenstra). Regional economic integration (R.E. Baldwin, T. Venables). Perspectives on PPP and the long-run real exchange rate (K. Froot, K. Rogoff). Empirical research on nominal exchange rates (J.A. Frankel, A.K. Rose). The intertemporal approach to the current account (M. Obstfield, K. Rogoff). International trade and business cycles (M. Baxter). The operations and collapse of fixed exchange rate regimes (P.M. Garber, L.E.O. Svensson). Puzzles in international financial markets (K.K. Lewis). Double-edged incentives: institutions and policy coordination (T.Persson, G. Tabellini). Sovereign debt (J. Eaton, R. Fernandez). Index.