Working papers
- How do equity markets complete? (with A. Astudillo & M. Braun), Mimeo. Universidad Adolfo Ibanez, May 2009.
- Portfolio choice, minimum return guarantees, and competition in DC pension systems (with H. Rudolph) [PDF], Mimeo. Universidad Adolfo Ibanez, May 2009.
- On the Optimal Investment Policy for the Insurance Funds in Chile, Mimeo [PDF]. Chilean Pensions Supervisor, July 2008.
- Reflexiones sobre la política de inversión de los fondos de cesantía (in Spanish, with E. Fajnzylber) [PDF], WP #25, Chilean Pensions Supervisor, May 2008.
- Long term risk assessment in a DC pension system [PDF], WP #20, Chilean Pensions Supervisor, October 2007.
- Portfolio choice and benchmarking: the case of the unemployment insurance fund in Chile [PDF], WP #16, Chilean Pensions Supevisor, December 2006.
Work in progress
- Portfolio choice with risk constraints for DC pension systems (with S. Berstein).
- Delegated portfolio choice and fund flow competition.
- On the optimal management of government’s liabilities.
Publications
- Portfolio choice, minimum return guarantees, and competition in DC pension systems (with H. Rudolph). In: Hinz, R., Rudolph, H., Antolin, P., and J. Yermo (Eds.). Evaluating the Financial Performance of Pension Funds. The World Bank, 2010.
Unpublished manuscripts
- Poniendo Énfasis en las Pensiones: Una Propuesta Metodológica (in Spanish, with C. Cabrita & E. Fajnzylber), Mimeo. Chilean Pensions Supervisor, August 2007.
- On Occupational Distribution, Career Choice, and Incomplete Information, Mimeo. Boston University, May 2005.
- Tunneling and Politics, Mimeo. Boston University, October 2003.
- Financial Development and Economic Growth: An Analytical Exercise, (with P. Meirelles) Mimeo. Boston University, December 2002.
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