Volume 73, Issue 1, March 2025

Table of Content

ARC Special Issue

Keynote Speech

The Costs and Consequences of Sovereign Borrowing

Mark Aguiar

Research Article

Can Sticky Quantities Explain Export Insensitivity to Exchange Rates?

Doireann Fitzgerald, Yaniv Yedid-Levi, Stefanie Haller

Research Article

Fiscal Rules and Market Discipline

Ethan Ilzetzki, Heidi Christina Thysen

Research Article

What Drives the Exchange Rate?

Oleg Itskhoki, Dmitry Mukhin

Research Article

Sovereign Debt Tolerance with Potentially Permanent Costs of Default

Marcos Chamon, Francisco Roldán

Research Article

Sovereign Haircuts: 200 Years of Creditor Losses

Clemens M. Graf von Luckner, Josefin Meyer, Carmen M. Reinhart, Christoph Trebesch

Research Article

Explaining the Great Moderation Exchange Rate Volatility Puzzle

Vania Stavrakeva, Jenny Tang

Research Article

IMF Programs and Financial Flows to Offshore Centers

Shekhar Aiyar, Manasa Patnam

Research Article

Measuring Profit Shifting Using “Resident” Information: The PSM-ROC Method

Federico Sallusti

Research Article

Did the Covid-19 Recession Increase the Demand for Digital Occupations in the USA? Evidence from Employment and Vacancies Data

Jiaming Soh, Myrto Oikonomou, Carlo Pizzinelli, Ippei Shibata, Marina M. Tavares