Research
Working Papers
[NEW!] Dynamic Models: New Gains from Trade? (with Christoph E. Boehm, Andrei Levchenko and Hiroshi Toma) (Latest version: May 2024) (NBER Working Paper 32565, CEPR Working Paper 19148)
[NEW!] Weathering the Storm: Supply Chains and Climate Risk (with Juanma Castro-Vincenzi, Gaurav Khanna and Nicolas Morales) (Latest version: September 2024) (NBER Working Paper 32218)
[NEW!] Playing with Blocs: Quantifying Decoupling (with Barthélémy Bonadio, Zhen Huo, Elliot Kang, Andrei Levchenko, Hiroshi Toma and Petia Topalova) (Latest version: October 2024) ( In preparation for the Journal of International Economics -ECB-CEPR conference on “Global Shocks, Macroeconomic Spillovers and Geopolitical Risks”)
Noisy Global Value Chains (with Ha Bui, Zhen Huo and Andrei Levchenko) (Latest Version: August 2024) (NBER Working Paper 30033)
Previously circulated as "Information Frictions and News Media in Global Value Chains"
Supply Chain Resilience: Evidence From Indian Firms (with Gaurav Khanna and Nicolas Morales) (Latest Version: November 2022) (NBER Working Paper 30669) (Revise and Resubmit, AEJ: Macroeconomics)
Media: Trade Talks
Multinationals and Structural Change (with Vanessa Alviarez, Cheng Chen, Liliana Varela, Kei-Mu Yi and Hongyong Zhang) (Latest Version: September 2022)
Globalization, Structural Change and International Comovement (with Barthélémy Bonadio, Zhen Huo and Andrei Levchenko) (Latest Version: August 2024) (Reject and resubmit: Journal of Monetary Economics)
The Local-Area Incidence of Exporting (with Christoph E. Boehm, Aaron Flaaen and Jan Schlupp) (Latest Version: September 2021)
Complementarities in Multinational Production and Business Cycle Dynamics (with Christoph E. Boehm and Aaron Flaaen) (Latest Version: February, 2015)
Publications
Fast and Slow Technological Transitions (with Rodrigo Adao and Martin Beraja) (Latest Version: February 2024) (Journal of Political Economy Macroeconomics 2024 2:2, 183-227 ) (Lead article)
Media: Chicago Booth Review
International Comovement in the Global Production Network (with Zhen Huo and Andrei A. Levchenko ) (Latest Version: March 2023) (Forthcoming, Review of Economic Studies)
Supersedes "The Global Business Cycle: Measurement and Transmission," NBER Working Paper 25978 (June 2019), CEPR Working Paper 13796 (June 2019), RSIE Working Paper 669 (June 2019)
Media: voxeu.org
New Measurement of Export Participation in U.S. Manufacturing (with Christoph E. Boehm and Aaron Flaaen) (Latest Version: January 2023) (AEA Papers and Proceedings, vol. 113, May 2023)
Utilization-Adjusted TFP Across Countries: Measurement and Implications for International Comovement (with Zhen Huo and Andrei A. Levchenko ) (Latest Version: December 2022) (Journal of International Economics, Vol. 146, December 2023)
The Long and Short (Run) of Trade Elasticities (with Christoph E. Boehm and Andrei A. Levchenko) (American Economic Review, 113 (4): 861-905, April 2023) (lead article)
Final Working Paper Version (with Appendices, October 2022)
NBER Working Paper 27064 (April 2020), CEPR Discussion Paper 14645 , RSIE Discussion Paper 679
Convex Supply Curves (with Christoph E. Boehm) (Latest Version: March 2022) (American Economic Review, 112 (12): 3941-69)
Winner of the 2016-2017 Lamfalussy Fellowship
NBER Working Paper 26829 (March 2020), ECB Working Paper 2460 (August 2020)
Global Supply Chains in the Pandemic (with Barthélémy Bonadio, Zhen Huo and Andrei Levchenko) (Latest Version: April 2021) (Journal of International Economics, 133, November 2021, 103534)
Winner of the Bhagwati Award for best paper published in the Journal of International Economics, 2021-2022
NBER Working Paper 27224 (May 2020), CEPR Discussion Paper 14766 (May 2020)
Media: voxeu.org
Impact: 2022 Economic Report of the President (by the CEA), IMF World Economic Outlook Chapter 4, April 2022
Multinationals, Offshoring and the Decline of U.S. Manufacturing (with Christoph E. Boehm and Aaron Flaaen) (Latest Version: July, 2020) (Journal of International Economics, vol 27, November 2020)
NBER Working Paper 25824 (May, 2019)
Media: voxeu.org, promarket.org
TFP, News, and "Sentiments": The International Transmission of Business Cycles (with Andrei A. Levchenko) (Journal of the European Economic Association, vol 18(1), February 2020)
RSIE Discussion Paper 640 (February, 2015)
NBER Working Paper 21010 (March, 2015)
Media: Bloomberg.com
Input Linkages and the Transmission of Shocks: Firm Level Evidence from the 2011 Tohoku Event (with Christoph E. Boehm and Aaron Flaaen) (Review of Economics and Statistics, vol 101(1), March 2019)
Older Projects
The Dynamic Proximity-Concentration Tradeoff (with Christoph E. Boehm and Aaron Flaaen)
Slides available on request