Moretti, Matias, Pandolfi, Lorenzo, Schmukler, Sergio, Villegas, German, Williams, Tomas, 2025. “Inelastic Demand Meets Optimal Supply of Risky Sovereign Bonds,” CSEF Working Paper 173, IMF Working Paper 2024/227, World Bank Policy Research Working Paper 10735. (Revise and Resubmit at Econometrica)

Cortina, Juan, Raddatz, Claudio, Schmukler, Sergio, Williams, Tomas. 2025. “Green versus Conventional Corporate Debt: From Issuances to Emissions,”  World Bank Policy Research Working Paper 11226. 

Broner, Fernando, Cortina, Juan, Schmukler, Sergio, and Williams, Tomas. 2026. “Demand Shocks in Equity Markets and Firm Responses,” Barcelona School of Economics Working Paper 1157, CEPR DP21311, GWU Working Paper 2026-002, MoFiR Working Paper 196, World Bank Policy Research Working Paper 11315. (Submitted)

Garcia-Santana, Manuel, Kirpichev, Dmitri, Moretti, Matias, Schmukler, Sergio, 2025. “Capital Markets and Misallocation: Evidence from Global Firm-level Issuances," mimeo.

Schmukler, Sergio, Tessada, Jose, Vasquez, Cristian, and Vera, Mario, 2022. “Winners and Losers from Interest Ceilings: Evidence from a Quasi-natural Experiment,” mimeo.