Publications


International Risk Sharing in the EMU 

with Anna Rogantini Picco

 Paper, WP version, arXiv, replication package 

 Journal of International Economics, Volume 141, March 2023, 103727


A Quantitative Analysis of Subsidy Competition in the U.S.  

with Ralph Ossa  

Paper , WP version, SSRN

Journal of Public Economics, Volume 224, August 2023, 104919


The Dynamic Costs of Delivery Risk

with Maria-Jose Carreras-Valle  

Paper, P&P version, CEPR WP, long WP version, P&P appendix, slides

AEA Papers & Proceedings, 2025


Working Papers


Inventories, Demand Shocks Propagation and Amplification in Supply Chains

Latest Draft , arXiv, CEPR Discussion Paper

R&R JEEA


Firm Heterogeneity, Market Power and Macroeconomic Fragility

with Francisco Queirós

Latest Draft, arXiv, CEPR Discussion Paper, slides

 R&R 2nd Round AEJ: Macroeconomics


Profit Shifting and International Tax Reform 

with Sebastien Laffitte, Mathieu Parenti, and Farid Toubal

Latest Draft, arXiv, EU Tax Observatory Working Paper, CEPR Discussion Paper


Specialization, Complexity & Supply Chain Resilience

with Lorenzo Pesaresi

Latest Draft,  slides


Fiscal and Currency Unions with Default and Exit 

with Yan Liu, Ramon Marimon, and Chima Simpson-Bell

Latest Draft, slides


Work in Progress


Not-so-Cleansing Recessions (with Igli Bajo and Frederik Bennhoff)  slides

A Disaggregated Economy with Optimal Pricing Decisions (with Mishel Ghassibe) slides

A Network Model of Monetary Policy Spillovers (with Alireza Tahbaz-Salehi)

Supply Chain Risk and Inventories in the Business Cycle (with Maria-Jose Carreras-Valle) 

Exchange-Rate Pass-Through and Invoicing Currency Choice in International Production Networks (with Andreas Freitag, Eric Kammerlander, Sarah Lein, and Frank Pisch)


Book Chapters


EU Trade Agreements and Non-Trade Policy Objectives

 with Matteo Fiorini, Joseph Francois, Bernard Hoekman, Lisa Maria Lechner, Miriam Manchin, Filippo Santi

link, Draft, SSRN 

in Manchin, M., Puccio, L., & Yildirim, A. (Eds.). (2023). Coherence of the European Union Trade Policy with Its Non-Trade Objectives: World Trade Forum. Cambridge: Cambridge University Press. doi:10.1017/9781009308137


Dormant Papers and Notes


Bank Funding Structure and Risk Taking 

with Carmen Garcia Galindo, Matic Petricek, and Andreas Winkler

Latest Draft, Ademu working paper (2018), SSRN Paper, slides


Note on Bias Correction for Difference in Difference Estimation with Generated Data 

with Carmen Garcia Galindo

Draft