Research 

• The Consequences of Falling Behind the Curve: Inflation Shocks and Policy Delays Under Rational and Behavioral Expectations (with Carl Walsh), IMF Working Paper (WP/24/42), Under Review

 • Financial Crises, Investment Slumps, and Output Hysteresis (with Valerie Cerra, and Ruy Lama), IMF Working Paper (WP/21/170), Revision requested at Journal of Money, Credit & Banking 

• Inflation and Bank Profits: Monetary Policy Trade-offs (with Katharina Bergant, Divya Kirti and Rui Mano), IMF Staff Discussion Notes No. 2025/001 

• Risk Taking, Banking Crises, and Macroprudential Monetary Policy 2022, Draft Available upon Requests

Policy Related Work

•Selected Issue Paper "Regional Income Inequality in Panama" IMF Panama 2025 Article IV

•IMF Blog "Rising Rates May Trigger Financial Instability, Complicating Fight Against Inflation" (with Katharina Bergant, Divya Kirti and Rui Mano) 2025

•World Bank Blog "Should central banks address the buildup of bank risk taking in the conduct of monetary policy?" 2021