Research

Publications

Wealth Accumulation, On the Job Search, and Inequality (with Shouyong Shi), 2022, Journal of Monetary Economics. [WP version]

Sovereign Debt and Credit Default Swaps (with Grey Gordon, Bruno Sultanum, and Elliot Tobin), forthcoming, Journal of International Economics.

Working Papers

Sovereign Debt, Default Risk, and the Liquidity of Government Bonds [draft] - New draft coming soon

Sovereign Risk and Economic Activity: The Role of Firm Entry and Exit (with Givi Melkadze and Ia Vardishvili)[draft] - R&R at JPE Macro

The Roots of Self-fulfilling Debt Crises (with Grey Gordon and Bruno Sultanum) - Draft coming soon (preliminary draft available upon request)

Work in Progress

Terms of Trade and the Duration of Default Episodes

Labor Market Frictions, Wealth Effects, and Portfolio Allocation (with Ben Griffy)

Optimal monetary policy in a model with a non-degenerate distribution of money holdings (with Gent Bajraj)

Central Bank of Chile Working Papers

Evolution of a Small Open Emerging Economy's External Vulnerability: Evidence for Chile (with Markus Kirchner) [draft]

A Reassessment of Flexible Price Evidence Using Scanner Data: Evidence from an Emerging Economy (with Miguel Fuentes, Felipe Labbé, and Alberto Naudon) [draft]

Discussions

Sovereign Risk, Firm Financing and International Trade, by E. Andreasen, D. Kohn and G. Sandleris, International Finance/Macro/Trade Conference, 2024. [slides]

Fiscal Consequences of the US War on COVID, by George Hall and Thomas Sargent, IMF Conference on Fiscal Policy in an Era of High Debt, 2023. [slides]

Default and Interest Rate Shocks: Renegotiation Matters, by V. Almeida, C. Esquivel, T. Kehoe and J.P. Nicolini , ITAM-PIER Conference on Macro and Finance, 2022. [slides]

Precautionary Mismatch, by Jincheng Huang and Xincheng Qiu, 2nd Essex/RHUL/Bristol Junior SaM Workshop, 2021. [slides]

Quantifying the Quantitative Easing: Impact on Bonds and Corporate Debt Issuance, by Karamfil Todorov, 6th International Conference on Sovereign Bond Markets, 2019. [slides]