Research
PUBLICATIONS:
Inflation targeting and capital flows: A tale of two cycles in developing countries with Olena Ogrokhina. Journal of International Money and Finance, August 2024, pp 103-121.
Central Bank Independence and Inflation Volatility in Developing Countries with Ana Carolina Garriga, Economic Analysis and Policy, June 2023, pp 1320-1341.
Clamoring for Greenbacks: Explaining the Resurgence of the US Dollar in International Debt with Hiro Ito, International Finance, March 2020, pp 1-22.
More Effective than We Thought: Central Bank Independence and Inflation in Developing Countries, with Ana Carolina Garriga, Economic Modelling, 2020, 85, pp 87-105.
The Effect of Inflation Targeting and Financial Openness on Currency Composition of Sovereign International Debt, with Olena Ogrokhina, Journal of International Money and Finance, 2019, 97, pp 1-18.
The Role of Inflation Targeting in Debt Denomination in Developing Countries, with Olena Ogrokhina, Journal of International Economics, 2018, 114, pp 116-129.
The Labor Share Squeeze in Latin America: A Dynamic Heterogeneous Approach, with Ryan Joy and Inder J. Ruprah, Global Economy Journal, 2017. DOI:10.1515/gej-2017-0083.
The Growth Effects of Financial Openness and Exchange Rates, International Review of Economics and Finance, Volume 48, March 2017, Pages 492-512.
The Impact of Public Credit Programs on Brazilian Firms, with Alessandro Maffioli, and Gonzalo Vazquez-Bare, Development Policy Review, 2017:00:1-28. DOI:10.1111/dpr.12250.
Economic and Political Determinants of Exchange Rate Regimes: The Case of Latin America, International Economics, Volume 147, October 2016, Pages 1-26, ISSN 2110-7017, http://dx.doi.org/10.1016/j.inteco.2016.03.001.
Cluster Development Policy, SME's Performance, and Spillovers: Evidence from Brazil, with Lucas Figal-Garone, Alessandro Maffioli, and Gonzalo Vazquez-Bare, Small Business Economics, April 2015, Volume 44, issue 4, pp 925-948.
Financial Development, Fiscal Policy and Volatility: Their Effects on Growth, The Journal of International Trade and Economic Development, volume 23, issue 2, March 2014, pages 223-266.
Hysteresis in Unemployment: Evidence from Latin America, with Matias Mednik and Inder J. Ruprah, 2012, Journal of International Development vol 24, issue 4: 448-466.
International Price Transmission and Market Integration: The Case of a Small Open Economy, with Sebastian Fossati and Fernando Lorenzo, Journal of Applied Economics, May 2007, vol. X, No.1
RESEARCH PAPERS IN PROGRESS:
Macroprudential and monetary policies during crises with Patricia Gomez-Gonzalez and Olena Ogrokhina
An updated taxonomy of monetary regimes with Olena Ogrokhina
Banking and macroprudential policies in developing countries with Olena Ogrokhina and Hiro Ito
Public debt overhang: Spikes and adjustments with Leandro Andrian and Oscar M. Valencia
Private credit and property prices: New insights into this nexus with Sayak Khatua
WORKING PAPERS:
Stepping Up During Elections: Independent Central Banks and Inflation with Ana Carolina Garriga. R&R. The Journal of Politics.
Why Did Latin America Extend the Franchise? A Political Party Competition Interpretation with Juan Negri. Dormant
BOOKS:
“The Economies of Latin America” with W. Charles Sawyer, Berlin: De Gruyter, 2021.
"Lecture Notes on Advanced Macroeconomic Theory", Singapore: World Scientific Publishing (under contract, expected spring 2025).
BOOK CHAPTERS:
“The Effectiveness of Public Development Banks: Designing Good Impact Evaluations” with Alessandro Maffioli in Public Development Banks. Toward a New Paradigm? Ed. Public Development Banks. Washington, DC: Inter-American Development Bank, 2013:39-70