Research

Publications:

1. "Household Consumption and Dispersed Information" (2024) (with Jonathan Adams). Journal of Monetary Economics, Volume 147, October.

2. “A Macroeconomic Model of Healthcare Saturation, Inequality and the Output-Pandemic Tradeoff” (2023) (with Enrique Mendoza, Linda Tesar and Jing Zhang). IMF Economic Review, Volume 71, 243-299.

3. “Non-Homothetic Sudden Stops” (2022) (with Felipe Saffie). Journal of International Economics, Volume 139, November.

4. "Positive and Normative Implications of Liability Dollarization for Sudden Stops Models of Macroprudential Policy" (2019) (with Enrique Mendoza). IMF Economic Review, Volume 67, No. 1, 174-214.

5. "Credit Constraints in Higher Education in a Context of Unobserved Heterogeneity" (2016) (with Rafael Sanchez and Mauricio Villena). Economics of Education Review, Volume 52, June, 225-250.

6. "The Unintended Consequences of Childcare Regulation: A Regression Discontinuity Approach" (2016) (with Rafael Sanchez and Mauricio Villena). Journal of Applied Economics, Volume XIX, No.1, May, 1-40, Lead Article.

Research Papers:

   1. "Incomplete Information and Investment Inaction" (with Jonathan Adams, Cheng Chen, Min Fang and Takahiro Hattori).    

   2. “Firm Heterogeneity & the Transmission of Financial Shocks During the European Debt Crisis”. (Job Market Paper)

   3. "Loans for Higher Education: Does the Dream Come True?" (with Tomas Rau and Sergio Urzua). NBER Working Paper No. 19138.

Research in Progress:

    1. "Stochastic Volatility in Interest Rates and Trend Cycles", with Nils Gornemann and Felipe Saffie.    

    2. "Liability Dollarization, Sudden Stops & Optimal Financial Policy" with Enrique Mendoza.     

    3. “Does Access to Insurance Savings Accounts Affect Duration of Unemployment and Job Match Quality?”, with Rafael Sanchez and Cecilia Peluffo.

    4. “State Owned Enterprises, Bailout Guarantees, and Sovereign Default”.

Discussions:

    1. "Sudden Stop with Local Currency Debt" (Liu, Ma & Shen), WEAI 2021.    

    2. "Productivity Slowdown and Firm Exit: the ins and outs of Banking Crises" (Rotarescu), 2024 IBEFA Summer Meetings.