Research

My current research interests concern macroeconomics; in particular, I’m interested in the effects of government policy over the business cycle and in the determinants of the shadow economy. 

Publications

1. "Does it spark joy? Reworking macroeconomics in a Principles of Economics course." Forthcoming in The American Economist.

2. "On the decline in the magnitude of the expenditure multiplier," with Jesús Rodríguez-López. Forthcoming in Macroeconomic Dynamics. (Media: Nada Es Gratis.)

3. "Measuring the size of the shadow economy using a dynamic general equilibrium model," with Valeska Kohan and Yingtong Xie. Forthcoming in the Handbook of Informal Economy.

4. "DGE-based estimates of the shadow economy: is the informal economy an escape valve?" with Valeska Kohan and Yingtong Xie. Forthcoming in the Handbook of Informal Economy.

5. “Measuring the size and dynamics of U.S. state-level shadow economies using a Dynamic General Equilibrium model with trends,” with Emily Marshall, James Saunoris, and Trang Do. Journal of Macroeconomics 75, Article Number 103491, 2023.

6. "Response to 'Comment on measuring the size of the shadow economy using a dynamic general equilibrium model with trends'," with Yingtong Xie. Econ Journal Watch 19(1), 133-41, 2022.

7. "A (pedagogical) note on the log-linearization of functions of several variables." International Review of Economics Education 37, Article Number 200210, 2021.

8. "Yes we can! Teaching DSGE models to undergraduate students." Journal of Economic Education 49(3), 226-36, 2018. 

9. "Measuring the size of the shadow economy using a dynamic general equilibrium model with trends," with Yingtong Xie. Journal of Macroeconomics 56, 258-75, 2018.

10. "Accounting for Spanish business cycles," with Jesús Rodríguez-López. Macroeconomic Dynamics 20(3), 685-714, 2016. Additional content: unpublished technical appendix and Matlab codes (ZIP file).

11. "Tax enforcement, technology, and the informal sector," with Ceyhun Elgin, Economic Systems 39(1), 97-120, 2015. Additional content: Matlab codes (ZIP file).

12. “Public trust, taxes, and the informal sector,” with Ceyhun Elgin, Boǧaziçi Journal Review of Social, Economic and Administrative Studies 26(1), 27-44, 2012.

13. “La distribución de las participaciones a las entidades federativas en México: simulaciones de un esquema alternativo,” with Jorge Ibarra and Alfredo Sandoval. Gestión y Política Pública 12(1), 129-77, 2003.

Working papers

1. "Corrigendum to: 'Measuring the size of the shadow economy using a dynamic general equilibrium model with trends,'" with Yingtong Xie, February 2022. (This is an expanded version of the Econ Journal Watch publication.)

2. "Is GDP more volatile in developing countries after taking the shadow economy into account? Evidence from Latin America," with Yingtong Xie, 2017. Additional content: online technical appendix and Matlab/Dynare codes (ZIP file). 

Work in progress

1. "The Labor Wedge: An Artifact?" with Jesús Rodríguez-López, 2024.

2. "Si vis pacem, para bellum," with Jesús Rodríguez-López, 2024.

3. "Search and Matching Frictions in an Informal Economy World," 2024.

4. "Fiscal Policy News and the Business Cycle," 2024.

5. "Fiscal Rules and Expectations," 2024.

6. "News Shocks from a Cross-Country Perspective," with Ceyhun Elgin, 2018.

Other works

• "Fluctuaciones y crecimiento económico en España," with Jesús Rodríguez-López, eXtoikos 9, 37-41, 2013.

• "Antidumping practices in Mexico," with Gerardo Esquivel, 2002.

Last updated: 06/28/2024.