Publications
“Sticky Prices and Costly Credit”, with L. Wang and R. Wright, International Economic Review, Vol 61 (1), February 2020
“Risk-Taking Spillovers of U.S. Monetary Policy in the Global Market for U.S. Dollar Corporate Loans”, with S. Lee and V. Stebunovs, Journal of Banking and Finance, June 2019
“Debt Maturity and Use of Short-Term Debt: Evidence from Sovereigns and Firms”, with S. Chen, P Ganum, L. Martinez, and M. S. Martinez Peria, IMF Departmental Paper, February 2019
“Sticky Prices: A New Monetarist Approach,” with A. Head, G. Menzio and R. Wright, Journal of the European Economic Association, Vol. 10, Issue 5, October 2012
“On the ‘Hot Potato’ Effect of Inflation: Intensive versus Extensive Margins,” With L. Wang and R. Wright, Macroeconomic Dynamics, Vol. 15(S2), September 2011
“Pricing and quality decisions and financial incentives for sustainable product design with recycled material content under price leadership,” with C. Chen, International Journal of Production Economics, Vol. 147, 2014
Book chapters
“International Policy Coordination: Why, When, and How,” with S. Das and N. Raman, in T. Bayoumi (Ed.), S. Pickford (Ed.) and P. Subacchi (Ed.) Managing Complexity: Economic Policy Cooperation After the Crisis, The Brookings Institution, p353 – 383, 2015
“Canada: A Success Story,” with C. Sancak and T. Nakata, in P. Mauro (Ed.) Chipping Away at Public Debt: Sources of Failure and Keys to Success in Fiscal Adjustment, Wiley, p1 – 29, 2011
Working papers
"Regional Labor Mobility in Spain,” IMF Working Paper No. 18/282, 2018
“Finance and Employment in Developing Countries: The Working Capital Channel,” with M. C. Dao, IMF Working Paper No. 17/189, 2017
“Risk Taking and Interest Rates: Evidence from decades in the Global Syndicated Loan Markets,” with S. Lee and V. Stebunovs, IMF Working Paper No. 17/16, 2017
"Money and Credit: Theory and Applications," with L. Wang and R. Wright, IMF Working Paper no. 71/14, 2017
“Costly Credit and Sticky Prices,” with L. Wang and R. Wright, Working Papers 201505, University of Hawaii at Manoa, Department of Economics, 2015
Work in progress
“The Effects of the U.S. Unconventional Monetary Policy on Employment in Disaggregated Data,” with S. Lee and V. Stebunovs
“Risk-Mitigating Effects of Being Prompt and Transparent”, with S. Lee and V. Stebunovs
Selected policy papers
"Spain: Labor Market Duality and Severance Pay Reform", IMF Country Report No. 20/299, p8-15, 2020
"Gender Equality in the Spanish Labor Market", IMF Country Report No. 20/299, p21-33, 2020
"Romania: Export Performance and External Competitiveness", IMF Country Report No. 15/80, p31-48, 2015
“International Migration: Recent Trends, Economic Impacts, and Policy Implications,” with B. Csonto, N. Suphaphiphat, and N. Westelius, Staff Background Paper for G20 Surveillance Meeting, 2015