Research
The Dynamics of Sovereign Debt Crises and Bailouts, with Harald Uhlig. Journal of International Economics, 2018.
IMF Working Paper | Foco Economico (blog post in Spanish)
The Adjustment to Commodity Price Shocks. Journal of Applied Economics, 2019.
Numerical Fiscal Rules for Economic Unions: the Role of Sovereign Spreads, with Juan Carlos Hatchondo and Leonardo Martinez. Economics Letters, 2022.
Fiscal Rules and the Sovereign Default Premium, with Juan Carlos Hatchondo and Leonardo Martinez. AEJ: Macroeconomics, 2022.
IMF Working Paper | Box in Regional Economic Outlook, May 2013 | Foco Economico (blog post in Spanish)
Robust Optimal Macroprudential Policy, with Federico Bennett and Giselle Montamat. Journal of International Economics, 2023.
Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt, with Francisco Roldan. JPE Macroeconomics. 2023.
IMF Working Paper | Foco Economico (blog post in Spanish) | LSE Business Review | IMF Research Perspectives
Sovereign Debt, with Leonardo Martinez, Francisco Roldan and Jeromin Zettelmeyer. Research Handbook of Financial Markets, 2023.
How Large is the Sovereign Greenium?, with Sakai Ando, Chenxu Fu and Ursula Wiriadinata. Oxford Bulletin of Economics and Statistics, 2024.
Sovereign CoCos and Debt Forgiveness, with Juan Carlos Hatchondo, Leonardo Martinez and Kursat Onder. (R&R, Journal of Monetary Economics)
Integrated Monetary and Financial Policies for Small Open Economies, with Suman Basu, Emine Boz, Gita Gopinath and Filiz Unsal (R&R, Econometrica).
Constrained Efficient Borrowing with Sovereign Default Risk, with Juan Carlos Hatchondo and Leonardo Martinez.
Why do some countries default more than others? The role of institutions, with Rong Qian.
Debt Mutualization in the Euro Area: A Quantitative Exploration, with Sakai Ando, Giovanni Dell'Ariccia, Pierre-Olivier Gourinchas, Guido Lorenzoni and Adrian Peralta.
Fiscal and Monetary Volatility Shocks in the US and Business Cycles in Emerging Economies, with Juan Urquiza and Alejandro Vicondoa.
Capital Controls and Sovereign Default Risk, with Diego Anzoategui, Luis Morano and Francisco Roldan.