Research

Working Papers

Communication of Credit Rating Agencies and Financial Markets (2021), Working Papers 80, Red Nacional de Investigadores en Economía (RedNIE) , with Martin Tobal.

Financial and Price Stability in Emerging Markets: the Role of the Interest Rate (2018), BIS working papers series, with Martin Tobal

Publications

Interest Margins, Lending Rates and Bank Productivity among Chinese Provinces (2023), with Enzo Dia, Lunan Jiang and Lin Zhang, International Review of Economics and Finance, Volume 84, March 2023, Pages 104-127.

Risk Premiums, Nominal Rigidities and Limited Asset Market Participation (2021), with Patrizio Tirelli, Journal of Money, Credit and Banking. Working paper version here.

The Optimal Policy Mix to Achieve Public Debt Consolidation (2020), with Roberta Cardani and Patrizio Tirelli, Macroeconomic Dynamics, Cambridge University Press, vol. 24(1), pages 113-129, January. Working paper version here.

Capital Flows and the Business Cycle (2019), with Gabriel Cuadra, Journal of Economic Dynamics and Control, Elsevier, vol. 106(C), pages 1-1. Ungated version here.

Informality and the Labor Market Effect of Financial Crises (2019), with Emilio Colombo and Patrizio Tirelli, World Development, Elsevier, vol. 119(C), pages 1-22. Working Paper version here.

Optimal Inflation to Reduce Inequality (2017), with Patrizio Tirelli, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 24, pages 79-94, March. Working paper version here. Computer codes here.

Productivity Shocks, Capital Intensities and Banks' Interest Rates (2016), with Enzo Dia, Journal of Macroeconomics, Elsevier, vol. 48(C), pages 155-171.

Optimal Fiscal and Monetary Policies under Limited Asset Market Participation (2016), Italian Economic Journal, Volume 2, Issue 3, pp 363–383.

Policy Publications

Monetary Policy and Financial Stability in Emerging Market Economies (2020), with Martin Tobal, Latin American Journal of Central Banking, Volume 1, Issues 1–4.