Research

Current Working Papers.

• “International Trade and Stable Resolutions of Resource Disputes,” with Constantinos Syropoulos (February 2024).
• “Insecurity and Ownership Disputes as Barriers to Technology Diffusion,” with Oscar Camacho, Constantinos Syropoulos and Yoto V. Yotov (December 2022).

Selected Articles.

• “Prudence versus Predation and the Gains from Trade,” Journal of Economic Theory, with Constantinos Syropoulos and Thomas Zylkin (April 2022).
• “Self-Enforcing Peace Agreements that Preserve the Status Quo,” Games and Economic Behavior, with Constantinos Syropoulos (November 2021).
• “Inequality and Conflict: Burning Resources to Support Peace,” Economics Letters, with Constantinos Syropoulos (December 2020).
• “Arming in the Global Economy: The Importance of Trade with Enemies and Friends,” Journal of International Economics, with Constantinos Syropoulos and Yoto V. Yotov (March 2020).
• “Problems of Commitment in Arming and War: How Insecurity and Destruction Matter,” Public Choice, with Constantinos Syropoulos (March 2019).
• “Rules for Dividing a Disputed Resource in the Context of the Classical Liberal Argument for Peace,” Peace Economics, Peace Science and Public Policy, with Constantinos Syropoulos, (February 2018).
• “Trade Openness and the Settlement of Domestic Disputes in the Shadow of the Future,” Research in Economics, with Constantinos Syropoulos (June 2015).
• “Trade and Insecure Resources,” Journal of International Economics, with Stergios Skaperdas and Constantinos Syropoulos (January 2015).
• “Governance and Norms as Determinants of Arming,” Revue d’Economie Politique, with Michael McBride and Stergios Skaperdas (March-April 2012).
• “Political Institutions and War Initiation: The Democratic Peace Hypothesis Revisited,” in M.R. Garfinkel and S. Skaperdas (eds), Oxford Handbook of the Economics of Peace and Conflict, NY: Oxford University Press (March 2012).
• “Trade in the Shadow of Power,” in M.R. Garfinkel and S. Skaperdas (eds), Oxford Handbook of the Economics of Peace and Conflict, NY: Oxford University Press, with Stergios Skaperdas and Constantinos Syropoulos (March 2012).
• “Globalization and Insecurity: Reviewing Some Basic Issues,” in G. D. Hess (ed.) Guns and Butter: The Economic Causes and Consequences of Conflict, Cambridge, MA: MIT Press, with Stergios Skaperdas and Constantinos Syropoulos (June 2009).
• “Globalization and Domestic Conflict,” Journal of International Economics, with Stergios Skaperdas and Constantinos Syropoulos (December 2008).
• “Economics of Conflict: An Overview,” in T. Sandler and K. Hartley (eds.), Handbook of Defense Economics, Vol. 2 chapter 22, with Stergios Skaperdas, (Amsterdam: North Holland, 2007).
• “Stable Alliance Formation in Distributional Conflict,” European Journal of Political Economy (November 2004).
• “Global Threats and the Domestic Struggle for Power,” European Journal of Political Economy (June 2004). Reprinted in The Economic Analysis of Terrorism edited by Tilman Brück (London: Routledge, 2007).
• “On the Stability of Group Formation: Managing the Conflict Within,” Conflict Management and Peace Science (Spring 2004).
• “Conflict Without Misperceptions or Incomplete Information: How the Future Matters,” Journal of Conflict Resolution, with Stergios Skaperdas (December 2000).
• “Political Influence and the Dynamic Consistency of Policy,” American Economic Review, with Jaewoo Lee (June 2000).
• “Election Surprises and Exchange Rate Uncertainty,” Economics and Politics, with Amihai Glazer and Jaewoo Lee (November 1999).
• “Protecting the Military,” Southern Economic Journal, with Deborah Bielling (April 1997).
• “Politics With and Without Policy,” Economics and Politics, with Amihai Glazer (November 1996).
• “The Information Content of the Federal Funds Rate,” Journal of Money, Credit and Banking, with Daniel Thornton (August 1995).
• “When and How Much to Talk: Credibility and Flexibility in Monetary Policy with Private Information,” Journal of Monetary Economics, with Seonghwan Oh (April 1995).
• “Domestic Politics and International Conflict,” American Economic Review (December 1994).
• “Does Electoral Uncertainty Cause Economic Fluctuations?” American Economic Review Papers and Proceedings, with Amihai Glazer (May 1994).
• “Strategic Discipline in Monetary Policy with Private Information: Optimal Targeting Horizons,” American Economic Review, with Seonghwan Oh (March 1993).
• “Arming as a Strategic Investment in a Cooperative Equilibrium,” American Economic Review (March 1990).
• “The Role of the Military Draft in Optimal Fiscal Policy,” Southern Economic Journal (January 1990).

Edited Books.

• Oxford Handbook of the Economics of Peace and Conflict, with Stergios Skaperdas (NY: Oxford University Press, 2012). For the published version, click here.
• The Political Economy of Conflict and Appropriation, with Stergios Skaperdas (NY: Cambridge University Press, 1996, 2008).
• The Business Cycle: Theory and Evidence. Proceedings of the Sixteenth Annual Policy Conference of the Federal Reserve Bank of St. Louis, with Michael T. Belongia (MA: Kluwer Academic Publishers, 1992).

Federal Reserve Publications. Earlier in my career I published a number of articles that appeared in the Federal Reserve Bank of St. Louis Review on various issues, many related to monetary policy (e.g., inflation, the FOMC, and the monetary base), but others as well. These articles are available on line through RePEc on my profile page.