Research Staff and Resources

Contact Information
202-452-2873
john.h.rogers@frb.gov

Fields of Interest
International Finance
Open Economy Macroeconomics
Monetary Economics

Education
Ph.D., Economics, University of Virginia, 1989
B.A., Political Science and Economics, University of Delaware, 1983

Professional Experience
Board of Governors of the Federal Reserve System, 1994-present
Associate Editor, Journal of International Economics, 1999-present
Assistant and Associate Professor, Pennsylvania State University, 1989-1996

Selected Publications

• ''Monetary Union, Price Level Convergence, and Inflation: How Close is Europe to the USA?,'' Journal of Monetary Economics, vol. 54 (April 2007), pp. 785-796.
• ''The High-Frequency Response of Exchange Rates and Interest Rates to Macroeconomic Announcements'' (with Jon Faust, Jonathan Wright, and Shing-Yi Wang), Journal of Monetary Economics, vol. 54 (May 2007), pp. 1051-1068.
• ''Capital Controls and the International Transmission of U.S. Money Shocks'' (with Jacques Miniane), Journal of Money, Credit, and Banking, vol. 39 (August 2007), pp. 1003-1035.
• ''The U.S. Current Account Deficit and the Expected Share of World Output'' (with Charles Engel), Journal of Monetary Economics, vol. 53 (July 2006), pp. 1063-1093.
• ''The Present Value Model of the Current Account Has Been Rejected: Round Up the Usual Suspects'' (with James Nason), Journal of International Economics, vol. 68 (January 2006), pp. 159-187.
• ''News and Noise in G-7 GDP Announcements'' (with Jon Faust and Jonathan Wright), Journal of Money, Credit, and Banking, vol. 37 (June 2005), pp. 403-419.
• ''Monetary Policy’s Role in Exchange Rate Behavior'' (with Jon Faust), Journal of Monetary Economics, vol. 50 (November 2003), pp. 1403-1424.
• ''Exchange Rate Forecasting: The Errors We’ve Really Made'' (with Jon Faust and Jonathan H. Wright), Journal of International Economics, vol. 60 (May 2003), pp. 35-60.
• ''Investment and the Current Account in the Short Run and the Long Run'' (with James M. Nason), Journal of Money, Credit, and Banking, vol. 34 (November 2002), pp. 967-86.
• ''Puzzles in the Chinese Stock Market'' (with John Fernald), Review of Economics and Statistics, vol. 84 (August 2002), pp. 416-32.
• ''Deviations from the Law of One Price: Sources and Welfare Costs'' (with Charles Engel), Journal of International Economics, vol. 55 (October 2001), pp. 29-58.
• ''Inflation and the Great Ratios: Evidence from Long-Term U.S. Data'' (with Shaghil Ahmed), Journal of Monetary Economics, vol. 45 (February 2000), pp. 3-35.
• ''Monetary Shocks and Real Exchange Rates,'' Journal of International Economics, vol. 48 (December 1999), pp. 269-88.
• ''How Wide is the Border?'' (with Charles Engel), American Economic Review, vol. 86 (December 1996), pp. 1112-25.
• ''Monetary Policy in the End-Game to Exchange Rate Based-Stabilizations'' (with Steven B. Kamin), Journal of International Economics, vol. 41 (August 1996), pp. 285-308.
• ''Government Budget Deficits and Trade Deficits: Are Present-Value Constraints Satisfied in Long-Term Data?'' (with Shaghil Ahmed), Journal of Monetary Economics, vol. 36 (October 1995), pp. 351-74.
• ''Haircuts or Hysteresis? Sources of Movements in Real Exchange Rates'' (with Michael Jenkins), Journal of International Economics, vol. 38 (May 1995), pp. 339-60.
• ''Sources of Fluctuations in Relative Prices: Evidence From High Inflation Countries'' (with Ping Wang), Review of Economics and Statistics, vol. 75 (November 1993), pp. 589-605.
• ''The Currency Substitution Hypothesis and Relative Money Demand in Mexico and Canada,'' Journal of Money, Credit, and Banking, vol. 24 (August 1992), pp. 300-319.
• ''Foreign Inflation Transmission under Flexible Exchange Rates and Currency Substitution,'' Journal of Money, Credit, and Banking, vol. 22 (May 1990), pp. 195-208.