PUBLICATIONS:
Surges in the shadows: Stock-flow adjustments and public debt spikes with Leandro Andrian and Oscar M. Valencia. Emerging Markets Review, August 2025, pp 101306.
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
WORKING PAPERS AND RESEARCH IN PROGRESS:
Stepping up during elections: Independent central banks and inflation, with Ana Carolina Garriga. R&R (2nd round). The Journal of Politics.
Private credit and property prices: New insights into this nexus, with Sayak Khatua. R&R (1st round). Journal of Real Estate Finance and Economics.
Balancing act or policy pitfall? The effects of central bank dual mandates, with Ana Carolina Garriga.
Forget reserves, target inflation: Attracting debt inflows during crises in developing countries, with Patricia Gomez-Gonzalez and Olena Ogrokhina.
Anchors away? The global journey of monetary policy regimes and exchange rate arrangements, with Hiro Ito and Olena Ogrokhina
The challenges of dollarization in a volatile era, with Hiro Ito and Serra Kirsch.
Currency composition of international debt and macroprudential policies in developing countries, with Hiro Ito and Olena Ogrokhina.
Fiscal rules, financial stress, and the costs of fiscal consolidation, with Leandro Andrian and Oscar M. Valencia.
Why Did Latin America Extend the Franchise? A Political Party Competition Interpretation with Juan Negri. Dormant paper
PEER-REVIEWD BOOKS:
"Lecture Notes on Advanced Macroeconomic Theory", Singapore: World Scientific Publishing (forthcoming, spring 2026).
“The Economies of Latin America” with W. Charles Sawyer, Berlin: De Gruyter, 2021.
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
“Inflation targeting and credibility.” In Economia, Sociedad, y Empresa. Grant Thornton Economic Center. University of Montevideo, December 2018; pages 88-89.