research

Publications: 

“Sovereign Default Risk and Uncertainty Premia” (2016) (with Demian Pouzo) [pdf]          

American Economic Journal: Macroeconomics, 8(3): 230-66.

“Capital Controls and Monetary Policy Autonomy in a Small Open Economy” (2017)                   (with Scott Davis) [pdf] 

Journal of Monetary Economics, 85: 114-130.

“Optimal Taxation with Endogenous Default under Incomplete Markets” (2022)                             (with Demian Pouzo) [pdf] 

American Economic Journal: Macroeconomics, 14(3): 1-41.

“Fiscal Stimulus under Sovereign Risk” (2023) (with Javier Bianchi and Pablo Ottonello)  [pdf]  First version [pdf] 

Journal of Political Economy, 131(9): 2328-2369.

Working Papers:

“Global Flight to Safety, Business Cycles, and the Dollar” (2023) (with Martin Bodenstein, Pablo Cuba-Borda, Nils Gornemann, Andrea Prestipino, Albert Queralto, and Andrea Raffo) [pdf] 

“On Credible Monetary Policies with Model Uncertainty” (2018) (with Anna Orlik) [pdf]

“Interest Rate Spreads and Real Exchange Rates in Emerging Economies” (2008)