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

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

Firm Heterogeneity, Market Power, and Macroeconomic Fragility

with Francisco Queirós

Latest Draft, arXiv, CEPR Discussion Paper, slides

Conditionally Accepted, AEJ: Macroeconomics

Working Papers

Inventories, Demand Shock Propagation, and Amplification in Supply Chains

Latest Draft, arXiv, CEPR Discussion Paper

R&R JEEA

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, Cepii letter summary (in French)

Specialization, Complexity, and Resilience in Supply Chains

with Lorenzo Pesaresi

Latest Draft,  slides

Not-so-Cleansing Recessions 

with Igli Bajo and Frederik Bennhoff

 Latest Draft, arxiv slides

Fiscal and Currency Unions with Default and Exit 

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

Latest Draft, slides

Work in Progress

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) slides 

Corporate Taxation as Trade Policy (with Antoine Dubus and Mathieu Parenti) slides 

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