Research
My research interests include international finance, macroeconomics
State-Contingent Sovereign Bonds with Risk Averse Lenders, 2024, Accepted for publication Quarterly Review of Economics and Finance
State-contingent sovereign debt benefits more borrowers than lenders and lenders may even be worse-off relative to non-contingent debt.
Effects of Countercyclical Interest Rates: Evidence from the Classical Gold Standard (with Kris James Mitchener), 2023, Journal of International Economics
Countercyclical interest rates stabilized the price level and real GDP during the Classical Gold Standard.
State-Contingent Government Debt: a new database, 2022, Credit and Capital Markets
150 years of state-contingent government debt.
Pegxit Pressure (with Kris James Mitchener), October 2020, Journal of International Money and Finance
Trade shocks put pressure on pegs to break.
Task scheduling and performance: evidence from professional surf tournaments, Journal of Economic Psychology, Volume 75, Part B, December 2019, 102097
Larger rest times increase performance following a bad performance.
Macro and Micro Financial Liberalizations, Savings and Growth, Journal of Financial Economic Policy, Vol. 10 Issue: 2 (2018), pp.290-309
Simultaneous liberalizations of macro and micro dimensions are associated with larger growth only if the savings rate is large.
International Reserves and Global Interest Rates, Journal of International Money and Finance, Volume 74, June 2017, Pages 371–385
Changes in global interest rates are positively related to the target level of reserves.
The Recent Growth of International Reserves in Developing Economies: A Monetary Perspective, Journal of International Money and Finance, Volume 58, November 2015, Pages 172–190
Central banks accumulate reserves to face large fiscal shocks that need monetary financing in order to spread the costs associated with inflation over time.
Decision making and underperformance in competitive environments: evidence from the National Hockey League (with Gueorgui I. Kolev and Federico Todeschini), Kyklos, Volume 68, February 2015, pages 65–80
After given the choice to go first or second in a shootout, home teams tend to choose to move first in the sequence, but this results in a lower winning frequency for them.