Working Papers
Learning from our Mistakes: Forecast Errors and News Shocks [Online Appendix]
Re-estimating Potential GDP: New Evidence on Output Hysteresis [Online Appendix][Slides]
with Min KimWork in Progress
Financial Frictions, R&D and Growth
Articles
Sovereign Spreads and the Effects of Fiscal Austerity, Journal of International Economics, 2022
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence . AEJ: Macroeconomics 2019
with Diego Comin, Mark Gertler and Joseba Martinez [Online Appendix]Remittances and Financial Inclusion: Evidence from El Salvador. World Development, 2014
with Demirguc-Kunt, A. and Martinez Peria, M.S.Bank competition in Russia: An examination at different levels of aggregation, Emerging Markets Review, 2012
with Martinez Peria, M.S. and Melecky, M.Bank Competition in the Middle East and Northern Africa Region, Review of Middle East Economics and Finance, 2010
with Martinez Peria, M.S. and Rocha, R.Dormant Projects
(In)efficient Credit Booms: The Role of Collateral [Slides]
with Joseba Martinez, Pau Rabanal and Filiz UnsalFinancial Distortions in China: A General Equilibrium Approach
with Mali Chivakul and Wojciech Maliszewski - IMF working paper 15/274How Much Steady-State Income is Determined by Country-Level Factors?
with William Easterly and Steven Pennings