I am a senior economist at the Research Department of the Central Bank of Chile.
You can see my CV HERE .
Revision requested at Journal of Applied Econometrics
This paper studies alternative approaches to consider time and spatial dependence in aggregate panel models where neither N nor T is very large, a problem that applied researchers often face when working with country- or state-level panel data.
Revision requested at Econometrica
The sectoral composition of GDP is largely affected by the investment rate of the economy. Using Input-Output data for a panel of countries we present two novel facts consistent with this idea: (a) investment goods contain more domestic value added from manufacturing and less from services than consumption goods do, (b) the evolution of the sectoral composition of investment and consumption goods differs from the one of GDP. A multi-sector growth model estimated with a panel of countries shows that changes in investment demand are quantitatively important to understand the industrialization of several countries since 1950, the deindustrialization of many Western economies since 1970, and the hump-shaped relationship between manufacturing and development.
I develop a flexible framework to jointly estimate the aggregate capital-labor elasticity of substitution and the labor- and capital- augmenting technologies from a panel of production functions and use it to shed light on the global decline of the labor share and development accounting.
Inference for Data with High-Dimensional Dependence Structures (with Christian Hansen, Damian Kozbur and Jianfei Cao)
Production function estimation under financial frictions (with Alvaro Aguirre and Matias Tapia)
Identifying Bank Shocks (with Alonso Villacorta)