Research

Publications:

• Imperfect Exchange Rate Expectations (with Giacomo Candian) 

The Review of Economics and Statistics; 2025

• Shocks and Exchange Rates in Small Open Economies (with Vito Cormun) 

American Economic Journal: Macroeconomics; Conditionally Accepted

Working papers:

• Exchange Rate Disconnect Revisited (with Ryan Chahrour, Vito Cormun, Pablo Guerrón Quintana, and Rosen Valchev)

Revision Requested; American Economic Review

• Speculation, Forward Exchange Demand, and CIP Deviations in Emerging Economies (with Lorena Keller and Dongchen Zou)

Revision Requested; Journal of Finance

• Global Investors in Local-Currency Bond Markets: Implications for Bond Yields and Exchange Rates (with Lorena Keller, Giuliano Simoncelli, Mauricio Villamizar-Villegas, Tomás Williams) 

• Managing Expectations with Exchange Rate Policy (with Giacomo Candian and Luca Gemmi)

• Monetary Policy and the Short-Rate Disconnect in Emerging Economies (with Gita Gopinath and Sebnem Kalemli-Özcan)

Other papers:

• Should Central Banks Target Investment Prices? (with Susanto Basu)