Research
WORKING PAPERS
"Service Trade, Regional Specialization, and Welfare" (with Yuancheng Han and Satoshi Tanaka) (Revision requested, Journal of International Economics)
"Commodity Prices and Production Networks in Small Open Economies" (with P. Caraiani, J. Olaya, and Alvaro Silva) (Revision requested, Journal of Economic Dynamics and Control)
"Trade Credit and Sectoral Comovement during US Recessions" (with Gang Zhang) (submitted)
"Monetary Policy Transmission through Commodity Prices" (A. Pescatori, E. Prifti, and G. Verduzco-Bustos) [Slides] [IMF Working Paper]
"A Model of Expenditure Shocks" (with D. Murphy, K. Walsh, and E. Young) [Slides] (submitted)
"Early Pension Withdrawal as Stimulus" (with S. Hamilton, G. Liu, and T. Sainsbury)
WORK IN PROGRESS
"Firm-to-firm Price Rigidity within a Network" (with Alvaro Castillo, Luis F. Cespedes and Javier Turen)
"Network Spillovers versus Common Factors: A Joint-Estimation Approach" (A. Furkan, J. Morley, V. Panchenko, and C. Rose)
"Understanding macroeconomic fluctuations with unobserved networks", 2022-2024, ARC Discovery Project, $199,649, Chief investigator (with James Morley, Valentyn Panchenko, and Chris Rose)
"Revisiting Terms of Trade Shocks in Small Open Economies" (with Alvaro Silva)
PUBLICATIONS
"Production Network Diversification and Economic Development" (with José Gloria and David Fleming-Muñoz). Journal of Economic Behavior and Organization. 218, 281-295. [Working paper version] [Replication Files]
"Business Cycle Asymmetry and Input-Output Structure: The Role of Firm-to-Firm Networks" (with A. Silva and E. Young) Journal of Monetary Economics. Volume 137, July 2023, Pages 1-20. [Working paper version]
"Saving Constraints, Inequality, and the Credit Market Response to Fiscal Stimulus" (with D. Murphy, K. Walsh, and E. Young). European Economic Review. Vol. 151, January 2023, pages 104355. [Working paper version] [Replication files]
"Flexibility and Frictions in Multisector Models" (with E. Young). American Economic Journal: Macroeconomics. Vol. 14, No. 3, July 2022. [Working paper version] [Replication files]
"Production Network Structure, Service Share, and Aggregate Volatility." Review of Economic Dynamics. Volume 39, January 2021, Pages 146-173 [Working paper version] [Replication files]
"A Granular View of the Australian Business Cycle" (with Yuanting Shen). Economic Record, vol. 95, No. 311, December, 2019, 407–424. [Working paper version]
"Comparing Dynamic Multisector Models" (with Eric Young) Economics Letters 181(2019), 28-32. [Working paper version] [Online Appendix] [Replication files]
"A Note on Optimal Sectoral Policies in Production Networks" Economics Letters 172(2018), 152-156. [Working paper version] [Online Appendix]
PRE-PHD PUBLICATIONS
PhD Dissertation
Production Networks and Aggregate Fluctuations: Evidence, Theory, and Policy (Link)
University of Virginia, April 2017