Recent Working Papers
"Good News Travels Fast: Global Demand Shocks, Oil Futures, and Emerging Markets Dynamics" with Felipe Beltran, Manuel Escobar and Felipe Rojas. IMF Working Papers 2025, 253 (2025), https://doi.org/10.5089/9798229030380.001. [Link to paper]. Submitted for Review.
PUBLICATIONS (peer-reviewed)
"Monetary Policy Surprises on the Banking Sector: the Role of the Information and Pure Monetary Shocks" Coauthored with Felipe Beltrán. Latin American Journal of Central Banking. Volume 5, Issue 3, September 2024. [Link to paper]
"Forecasting Building Permits with Google Trends" with Pablo Pincheira. Empirical Economics 2021. https://doi.org/10.1007/s00181-020-02011-1
"The Labor Wedge and Business Cycles in Chile." Coauthored with Sebastián Faúndez. Journal Economía Chilena 19, no. 1 April (2016) [Link to paper]
"The Interest Rate and Exchange Rate Channels in Dollarized and Non-Dollarized Economies: The Cases of Chile, New Zealand, Peru and Uruguay." Coauthored with Santiago Acosta-Ormaechea. Journal Economía Chilena 16, no. 1 April (2013). (In Spanish). [Link to paper]
"The Impact of Cognitive and Non-cognitive Skills on Professional Salaries in an Emerging Economy, Chile." Coauthored with Joseph Ramos, Ricardo Elfernan and Claudia Soto. The Developing Economies, 51(1), 1-33. (2013). [Link to paper]
BOOK
“Investment Aftercare Explained: A Guide for FDI Practitioners and Policymakers on How to Grow and Retain Investors” (with Carolina Arriagada, Brendan Lewis and Toby Li). November, 2021. Publisher: Routledge – Taylor & Francis Group. London, UK. [Link to book]
BOOK CHAPTER
"Interest Rate and Exchange Rate Channels in Dollarized and Non-Dollarized Economies." Coauthored with Santiago Acosta-Ormaechea, in Gelos G., and Werner A. (eds.). Managing Volatility Capital Flows, Terms of Trade and Macroeconomic Policy in Latin America and the Caribbean. International Monetary Fund (2014). [Link to paper]
SELECTED POLICY CONTRIBUTIONS AND NOTES
"Burkina Faso: 2026 Article IV Consultation, Fifth Review under the Extended Credit Facility Arrangement, Requests for Augmentation of Access and Modification of Performance Criteria, and Financing Assurances Review, and First Review under the Resilience and Sustainability Facility Arrangement" IMF Article IV Staff Report. July 2026. [Link to paper]
"Burkina Faso: Fourth Review Under the Extended Credit Facility Arrangement, Financing Assurances Review, and Request for an Arrangement Under the Resilience and Sustainability Facility" IMF Staff Report. March 2026. [Link to paper]
"Burkina Faso: Third Review Under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modification of Performance Criteria, and Financing Assurances Review" IMF Staff Report. July 2025. [Link to paper]
"Burkina Faso: Second Review Under the Extended Credit Facility Arrangement and Financing Assurances Review" IMF Staff Report. April 2025. [Link to paper]
"The Counter-Cyclycal Buffer: A Policy Perspective" (In Spanish). Economic Policy Document. March 2023. Central Bank of Chile. [Link to paper]
"Impacts of Macroeconomic Policies during the Covid-19 crisis". (In Spanish). Monetary Policy Report September 2021, Central Bank of Chile. [Link to paper]
"Estimation of Structural Parameters for the Chilean Economy". (In Spanish). Monetary Policy Report June 2021, Central Bank of Chile. [Link to paper]
"Use of Macroeconomic Models in the Central Bank of Chile". (In Spanish). December 2020, Central Bank of Chile. [Link to paper]
Teaching Notes for Macroeconomics I (In Spanish): "Macroeconomia I: Material de Estudio". July 2008, Department of Economics, University of Chile. Coauthored with Sebastian Bustos and Oscar Landerretche M. [Link to paper]
WORKING PAPERS
"Heterogeneous Impacts of Commodity Price Shocks on Labour Market Outcomes: Evidence and Theory for the Chilean Mining Sector" Coauthored with José Valenzuela. Working Paper Series, Central Bank of Chile. June 2023. [Link to paper]
"Multimarket Contact in Banking Competition in The United States". Working Paper Series, Central Bank of Chile. December 2019. [Link to paper]
"The Labor Wedge: New Facts Based on US Microdata." Working Paper Series, Central Bank of Chile. February 2015. [Link to paper]