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Yale University

PhD Economics, 2007 - 2013
M.Phil. Economics, 2007 - 2010
M.A. Economics, 2007 - 2010

University of Chile

Master Applied Economics (highest distinction), 2003 - 2004

Mathematical Engineering (highest distinction), 1997 - 2004

Education Abroad Program, UCLA, 2001 - 2002

Work Experience

Federal Reserve Board
Economist, 2013 - present

Central Bank of Chile
Ph.D. student visitor, 2008, 2010
Economist, Research Department, 2004 - 2007

University of Chile

Researcher, 2007

Teaching Experience

Yale University

Instructor Behavioral Economics, Summer Session 2009
Teaching Assistant, Graduate Macroeconomics, Fall 2009, Spring 2010
Teaching Assistant, Financial Theory, Spring 2012

University of Chile

Lecturer Introductory Macroeconomics, 2004, 2005, 2007

Teaching Assistant, 1998 - 2005
Macroeconomics (graduate), Econometrics (graduate), Program Evaluation and Causal Inference (graduate), Macroeconomics and Adjustment Costs (graduate), Macroeconomics, Optimization, Calculus, Algebra, Physics, Mechanics, 1998 - 2005


Working Papers

“Secondary Market Liquidity and the Optimal Capital Structure”, with David Arseneau and Alexandros Vardoulakis. Finance and Economics Discussion Series 2015-031. Washington: Board of Governors of the Federal Reserve System.

Work in Progress

“Do Mortgage Subsidies Help or Hurt Borrowers?”.

"A Dynamic Model of Leverage and Interest Rates". (coming soon)

“A Discrete-Time Macroeconomic Model with a Financial Sector”, with Kieran Walsh. [slides]

“The Effect of Banks’ Financial Position on Credit Growth: Evidence from OECD Countries”. Appendix. [slides]

Articles in Refereed Journals

“Are Universities the Best Alternative for a Professional Degree? Chilean Evidence” (with Patricio Meller), El Trimestre Economico, 2008 (in Spanish). Reprinted In: P. Meller (ed.) Carreras Universitarias: Rentabilidad, Selectividad y Discriminacion, Uqbar Editores, 2010.

“Dynamics of Price Adjustment: Evidence from Micro Level data for Chile” (with Juan Pablo Medina and Claudio Soto), Journal Economia Chilena, Vol. 10(2), pgs. 5-26, 2007. Available in English as Working Paper 432 Central Bank of Chile, 2007.

“New Methodology for a Ranking of Chilean Universities” (with Patricio Meller), Quality in Education, N°25, December, pp. 55-77, 2006.

Book Chapters

“Variability of Occupational Earnings” (with Bernardo Lara and Patricio Meller), In: P. Meller (ed.) Carreras Universitarias: Rentabilidad, Selectividad y Discriminacion, Uqbar Editores, 2010.

“International Comparisons of the stock of professionals and the relative position of Chile” (with Patricio Meller), In: J. J. Brunner and P. Meller (eds.) Oferta y Demanda de profesionales y tecnicos en Chile: El Rol de la Informacion Publica, Ril, 2004.

Other Publications

“Economic Perspective of Korea” (with Andres Liberman and Patricio Meller), In: Roads to Development, Ministry of Foreign Relations, Chile, 2009.

“Exchange Rate and Foreign Investment Limits of Pension Funds” (with Kevin Cowan and Jorge Selaive), Financial Stability Report, Second Semester 2007, Central Bank of Chile, 2008. Extended English version Working Paper 433 Central Bank of Chile, 2007.

“The Governmental Petroleum Fund of Norway” (with Luis Felipe Cespedes), Journal Economia Chilena, Vol. 91(1), pgs. 71-78, 2006.