Peter J. Montiel

Fairleigh S. Dickinson Jr. ’41 Professor of Economics

Office: South Academic Building Rm. 302
E-mail: Peter.J.Montiel@williams.edu
Tel: (413) 597-2103
Fax: (413)597-4045
Department of Economics
Williams College
South Academic Building
Williamstown, MA 01267

Education

Massachusetts Institute of Technology, Ph.D, 1978
Yale University, B.A., 1973
Curriculum Vitae (pdf)

Fields of Specialization

Open-Economy Macroeconomics
economic growth
macroeconomics in developing countries

Research

Books

International Macroeconomics (Wiley-Blackwell, forthcoming 2009).

Monetary and Financial Integration in East Asia: The Way Ahead, Vol. 1 (Palgrave Macmillan, 2003). Edited.

Macroeconomics In Emerging Markets (Cambridge University Press, 2003).

Development Macroeconomics (Princeton University Press, 1996), with P. R. Agenor (third edition 2008).

Exchange Rate Misalignment: Concepts and Measurement for Developing Countries (Oxford University Press, 1999). Edited with L. Hinkle.

The Road to Financial Integration: Private Capital Flows to Developing Countries (World Bank, 1997), with P. Alba, A. Bhattacharya, S. Ghosh, L. Hernandez, and H. Wolf).

Informal Financial Markets in Developing Countries: A Macroeconomic Analysis (Basil Blackwell, 1993), with P. R. Agenor and N. Haque.

Macroeconomic Models for Adjustment in Developing Countries (International Monetary Fund, 1991). Edited with M. Khan and N. Haque.

Papers

"Monetary Policy Analysis in a Small Open credit-based Economy "(with R. Agenor) Open Economies Review (2008).

"Devaluation, Debt, and Default in Emerging Economies" (with S. Jahjah), Open Economies Review (2007).

"Macroeconomic Stability in Developing Countries: How Much Is Enough?" (with L. Serven) World Bank Research Observer (2006).

"Public Debt Management and Macroeconomic Stability: An Overview." World Bank Research Observer (Fall 2005).

"Post-Crisis Exchange Rate Policies in Five Asian Countries: Filling in the "Hollow Middle"?" with L. Hernandez, Journal of the Japanese and International Economies (2003).

"Tight Money in a Post-Crisis Defense of the Exchange Rate: What Have We Learned?" World Bank Research Observer (2003)

"Development of Financial Markets and Macroeconomic Policy," Journal of African Economies (2003).

"Ecuador: A Growth Strategy for a Dollarized Economy," (Spanish) in Central Bank of Ecuador Cuestiones Economicas Vol. 18, No. 3 (2002).

"Reform and Growth In Latin America: All Pain and No Gain?"(with E. Fernandez-Arias), IMF Staff Papers (December 2001).

What Drives Consumption Booms? (World Bank Economic Review (September, 2000).

Fiscal Constraint and Endogenous Public Servant Quality, (with N. Haque and S. Shepherd), Economic Inquiry (August, 2000).

"Do Capital Controls and Macroeconomic Policies Influence the Volume and Composition of Capital Flows? Evidence From the 1990s," (with C. Reinhart), Journal of International Money and Finance (August, 1999).

Has Latin America's Post-Reform Growth Been Disappointing? (With W. Easterly and N. Loayza), Journal of International Economics, 1997.

"The Surge in Capital Inflows to Developing Countries: An Overview," (with E. Fernandez-Arias) World Bank Economic Review (January 1996). Reprinted in C. Milner, ed., The Globalization of the World Economy: Developing and Newly Industrializing Countries (London: Edward Elgar, 1997).

"Financial Policies and Economic Growth: Theory, Evidence, and Country-Specific Experience from Sub-Saharan Africa." Journal of African Economies, Part I, Vol. 5, no.3 (1996), pp. 65-98.

"An Empirical 'Dependent Economy' Model for Pakistan," (with N. Haque and A. Husain), World Development (September 1994).

"The Role of Government in Economic Development," (with N. Haque), Hacienda Publica Espanola, I/1994.

"Capital Mobility in Developing Countries: Some Measurement Issues and Empirical Estimates," World Bank Economic Review (September 1994), reprinted in S. Eijffinger and J. Lemmen, eds., International Financial Integration (2002).

"Is the Parallel Market Premium a Reliable Indicator of Real Exchange Rate Misalignment in Developing Countries?" (with J. Ostry), IMF Staff Papers (September 1994).

Other

Selected Work Experience

Senior Policy Advisor, International Monetary Fund, 1999-2000

Danforth-Lewis Professor of Economics, Oberlin College, Oberlin, Ohio, 1991-1995.

Division Chief, Macroeconomics and Growth Division, Policy Research Department, World Bank, 1994-1995

Deputy Division Chief, Developing Country Studies Division, Research Department, International Monetary Fund, 1989-1991.