My current and past PhD students, very proud of them all!
Completed
Jens D.J. Larsen. 2nd Advisor, PhD 1998, University of Southampton. "The Macroeconomic Consequences of Labor Turnover Costs." First job: Economist, Bank of England. Now: Director, Geoeconomics.
Jens Larsen & Katharine Neiss & Fergal Shortal, 2009: "Factor Utilization and Adjusted Productivity Estimates for the UK," Oxford Bulletin of Economics and Statistics, vol. 69(2), pages 245-269, April.
Serguei Maliar,.Main Advisor, PhD 1999, Universitat Pompeu Fabra. "Heterogeneity and the Representative Agents in Macroeconomics." Assistant Profesor, University of Alicante. Associate Professor, Santa Clara University.
- Judd, KL; Maliar, L and Maliar, S, 2017: "Lower Bounds on Approximation Errors to Numerical Solutions of Dynamic Economic Models," Econometrica, 85 (3) , pp.991-1012.
L Maliar, S Maliar, P Winant, 2021: "Deep learning for solving dynamic economic models," Journal of Monetary Economics, 122, 76-101
Lilia Maliar. Main Advisor, PhD 1999, Universitat Pompeu Babra. "Quantitative Effects of Heterogeneity in Dynamic Macroeconomics." Assistant Professor, University of Alicante. Research Professor, City University of New York.
- Judd, KL; Maliar, L and Maliar, S, 2017: "Lower Bounds on Approximation Errors to Numerical Solutions of Dynamic Economic Models," Econometrica, 85 (3) , pp.991-1012.
KL Judd, L Maliar, S Maliar, R Valero, 2015: "Smolyak method for solving dynamic economic models: Lagrange interpolation, anisotropic grid and adaptive domain," Journal of Economic Dynamics and Control, 2015, 44, 92-123
Eva Carceles Poveda. Main Advisor, PhD 2001, Universitat Pompeu Fabra. "Household Heterogeneity and Incomplete Markets: Asset Return Implications in a Real Business Cycle Model." Assistant Professor, Professor, State University of New York, Stony Brook.
E Carceles‐Poveda, D Coen‐Pirani, 2009: "Shareholders' Unanimity with Incomplete Markets," International Economic Review, 50 (2), 577-606.
A Abrahám, E Cárceles-Poveda, 2010: "Endogenous trading constraints with incomplete asset markets", Journal of Economic Theory, 145 (3), 974-1004
Gregorious Siorounis. Main Advisor, PhD 2005, London Business School. "Essays on Exchange Rates, Capital Flows and Growth." Economist, Barclays Capital. Associate Professor, Panteion University.
E Papaioannou, G Siourounis, 2008: "Democratisation and growth", The Economic Journal, 118 (532), 1520-155.
Alexis Anagnostopoulos. Main Advisor, PhD 2006, London Business School. "Essays on Dynamic Macroeconomics with Imperfect Capital Markets." Assistant Professor, Associate Professor, State University of New York, Stony Brook.
A Anagnostopoulos, OE Atesagaoglu, E Cárceles‐Poveda, 2022: "Financing corporate tax cuts with shareholder taxes", Quantitative Economics, 13 (1), 315-354
A Anagnostopoulos, E Cárceles-Poveda, D Linm 2012: "Dividend and capital gains taxation under incomplete markets", Journal of Monetary Economics, 59 (7), 599-611
Davide Sala. 2nd Advisor, PhD 2007, European University Institute. "Three Essays on International Trade." Lecturer, Aarhus University. Associate Professor, University of Passau.
Erdal Yalcin & Davide Sala, 2014. "Uncertain Productivity Growth and the Choice between FDI and Export," Review of International Economics, Wiley Blackwell, vol. 22(1), pages 189-208, February.
Sebastian Watzka. 2nd Advisor, PhD 2007, European University Institute. "Essays in Applied Macroeconometrics." Assistant PRofessor, University of Munich. Senior Economist, Hans Bockler Stiftung.
Jauch, S. and Watzka, S., 2016, "Financial development and income inequality: a panel data approach." Empirical Economics, 51(1), 291-314.
Urbschat, F and Watzka, S, 2020. "Quantitative easing in the Euro Area - An event study approach." Quarterly Review of Economics and Finance, 77 , 14-36
Giovanni Callegari. 2nd Advisor, PhD 2007, European University Institute. "Fiscal Policy and Consumption." European Central Bank. Economist, European Central Bank. Head of Economic Risk Analysis, European Stability Mechanism.
Giovanni Callegari & Ramon Marimon & Adrien Wicht & Luca Zavalloni, 2023. "On a Lender of Last Resort with a Central Bank and a Stability Fund," Review of Economic Dynamics, vol. 50, pages 106-130, October.
Ricco, Giovanni & Callegari, Giovanni & Cimadomo, Jacopo, 2016. "Signals from the government: Policy disagreement and the transmission of fiscal shocks," Journal of Monetary Economics, vol. 82(C), pages 107-118.
Clara Barrabes Solanes. Main Advisor. PhD 2007, European University Institute. "Three Essays on Labor Markets.." Economist, Principal Economist, BBVA.
Pontus Rendahl. Main Advisor. PhD 2007, European University Institute. "Essays in Recursive Macroeconomics." Assistant Professor, University of California at Davis. Professor, Copenhagen Business School.
Pontus Rendahl, 2022. "Continuous vs. Discrete Time: Some Computational Insights." Journal of Economic Dynamics and Control.
Pontus Rendahl, 2016. "Fiscal Policy in an Unemployment Crisis," Review of Economic Studies, vol 83 (3).
Judith Ay. 2nd Advisor. PhD 2008, European University Institute. "Three Essays on Household Consumption." Economist, Sparbank. Policy Director, European Roundtable for Industry.
Carolina Villegas Sanchez. Main Advisor. PhD 2009, European University Institute. "International Capital Flows, Technology Spillover and Local Credit Markets." Assistant Professor, University of Houston. Associate Professor, ESADE..
G Gopinath, Ş Kalemli-Özcan, L Karabarbounis, C Villegas-Sanchez, 2017. "Capital allocation and productivity in South Europe", Quarterly Journal of Economics, 132(4), 1915-67.
C Juhn, G Ujhelyi, C Villegas-Sanchez, 2014. "Men, women, and machines: How trade impacts gender inequality," Journal of Development Economics, 179-93.
Irina Balteanu. 2nd Advisor. PhD 2009, European University Institute. "Three Essays in International Economics." Economist, Senior Economist, Bank of Spain.
Irina Balteanu & Aitor Erce, 2018. "Linking Bank Crises and Sovereign Defaults: Evidence from Emerging Markets," IMF Economic Review, vol. 66(4), pages 617-664.
Sebastian Krautheim. 2nd Advisor. PhD 2009, European University Institute. "Trade and Foreign Investment in a Globalized World." Assistant Professor. University of Frankfurt. Professor, Passau University.
Krautheim, Sebastian & Verdier, Thierry, 2016. "Offshoring with endogenous NGO activism," Journal of International Economics, vol. 101(C), pages 22-41.
Krautheim, Sebastian, 2012. "Heterogeneous firms, exporter networks and the effect of distance on international trade," Journal of International Economics, vol. 87(1), pages 27-35.
Renato Faccini. 2nd Advisor. PhD 2009, European University Institute. "Three Essays on Macro Labor Theory." Economist, Bank of England. Deputy Head of Research, Danmarks Nationalbank.
Francesco Bianci, Renato Faccini and Leonardo Melosi, 2024: "A Fiscal Theory of Persistent Inflation", Quarterly Journal of Economics.
Renato Faccini & Edoardo Palombo, 2021. "News Uncertainty in Brexit United Kingdom," American Economic Review: Insights, vol. 3(2), pages 149-164, June.
Aurora Ascione. Main Advisor. PhD 2009, European University Institute. "Three Essays on Exchange Rate Pass-Through." Economist, Competition Commission (UK). Head of Programme Management, Saxo Bank.
Riham Shendy. Main Advisor. PhD 2009, European University Institute. "Trade Reform in South Africa." Economist, World Bank. Author.
Riham Shendy, 2010. "Do Unions Matter? Trade Reform and Manufacturing Wages in South Africa," Journal of African Economics.
Tobias Broer. Main Advisor. PhD 2009, European University Institute. "Heterogeneous Individuals in the International Economy." Assistant PRofessor, IIES Stockholm. Professor, Paris School of Economics.
Tobias Broer & Niels-Jakob Harbo Hansen & Per Krusell & Erik Öberg, 2020. "The New Keynesian Transmission Mechanism: A Heterogeneous-Agent Perspective," The Review of Economic Studies, vol. 87(1), pages 77-101.
Broer, Tobias, 2018. "Securitization bubbles: Structured finance with disagreement about default risk," Journal of Financial Economics, vol. 127(3), pages 505-518.
Christoph Winter. Main Advistor. PhD 2009, European University Institute. "Altruism, Education and Wealth Inequality." Assistant Professor, University of Zurich. Economist, Swiss National Bank.
Röhrs, Sigrid & Winter, Christoph, 2017. "Reducing government debt in the presence of inequality," Journal of Economic Dynamics and Control, vol. 82(C), pages 1-20.
Christoph Winter, 2014. "Accounting for the Changing Role of Family Income in Determining College Entry," Scandinavian Journal of Economics, vol. 116(4), pages 909-963, October
Patrick Eozenou. Main Advisor. PhD 2010, European University Institute. "Essays on Risk-Sharing and Development." Economist, Senior Economist, World Bank.
Alan de Brauw & Patrick Eozenou & Daniel O Gilligan & Christine Hotz & Neha Kumar & J V Meenakshi, 2018. "Biofortification, Crop Adoption and Health Information: Impact Pathways in Mozambique and Uganda," American Journal of Agricultural Economics, vol. 100(3), pages 906-930.
de Brauw, Alan & Eozenou, Patrick, 2014. "Measuring risk attitudes among Mozambican farmers," Journal of Development Economics, vol. 111(C), pages 61-74.
Claudia Trentini. Main Advisor. PhD 2010, European University Institute. "Essays on Human Capital Accumulation and Inequality." Economist, United Nations.
Harald Puhr, Jacob Mullner and Claudia Trentini, 2023. "An innovative measure for digital firms’ internationalization," Transnational Corporations, 30(3), 130-51.
Matthias Hertweck. Main Advisor. PhD 2010, European University Institute. "Matching in a DSGE Framework." Assistant Professor, University of Konstanz. Senior Economist, Bundesbank.
Matthias S. Hertweck & Vivien Lewis & Stefania Villa, 2021. "Going the Extra Mile: Effort by Workers and Job‐Seekers," Journal of Money, Credit and Banking, vol. 53(8), pages 2099-2127, December.
Hertweck Matthias Sebastian, 2013. "Strategic wage bargaining, labor market volatility, and persistence," The B.E. Journal of Macroeconomics, vol. 13(1), pages 1-27, October.
Mariya Teteryatnikova. Main Advisor. PhD 2010, European University Institute. "Essays in the Applied Network Theory." Assistant Professor, University of Vienna. Associate Professor, Higher School of Economics.
Bich, Philippe & Teteryatnikova, Mariya, 2023. "On perfect pairwise stable networks," Journal of Economic Theory, vol. 207(C).
Harald Fadinger & Christian Ghiglino & Mariya Teteryatnikova, 2022. "Income Differences, Productivity, and Input-Output Networks," American Economic Journal: Macroeconomics, vol. 14(2), pages 367-415, April.
Georg Duernecker. Main Advisor. PhD 2010, European University Institute. "Three Essays on Frictional Labor Markets." Assistant Professor, Mannheim University. Associate Professor, Frankfurt University.
Georg Duernecker & Berthold Herrendorf & Ákos Valentinyi, 2024. "Structural Change within the Services Sector and the Future of Cost Disease," Journal of the European Economic Association, vol. 22(1), pages 428-473.
Georg Duernecker & Fernando Vega-Redondo, 2018. "Social Networks and the Process of Globalization," The Review of Economic Studies, vol. 85(3), pages 1716-1751.
Francesca Viani. 2nd Advisor. PhD 2010, European University Institute. "International Financial Markets, Cross-Border Transmission of Shocks and Risk Sharing". Staff Economist, Bank of Spain.
Pablo Burriel & Iván Kataryniuk & Carlos Moreno Pérez & Francesca Viani, 2024. "A New Supply Bottlenecks Index Based on Newspaper Data," International Journal of Central Banking, vol. 20(2), pages 17-67, April.
Alberola, Enrique & Estrada, Ángel & Viani, Francesca, 2020. "Global imbalances from a stock perspective: The asymmetry between creditors and debtors," Journal of International Money and Finance, vol. 107(C).
Lenno Uuskula. Main Advisor. PhD 2011, European University Institute. "Three Essays in Macroeconomics." Economist Central Bank of Estonia. Associate Professor, University of Tartu, and Chief Economist, Luminor.
Jacob, Punnoose & Uusküla, Lenno, 2019. "Deep habits and exchange rate pass-through," Journal of Economic Dynamics and Control, vol. 105(C), pages 67-89.
Uusküla, Lenno, 2016. "Monetary transmission mechanism with firm turnover," Journal of Macroeconomics, vol. 50(C), pages 1-18.
Afroditi Kero. Main Advisor. PhD 2011, European University Institute. "Essays on Asset Prices, Banking and the Macroeconomy." Lecturer, University of Cyprus.
Tobias Brier and Afroditi Kero, 2021. "Collateralization and asset price bubbles when investors disagree about risk". Journal of Banking and Finance, Volume 128, 106-137.
James Cloyne. 2nd Advisor. PhD 2011, University College London. "The Macroeconomic Effects of Fiscal Policy." Economist, Bank of England. Associate Professor, University of California at Davis.
James Cloyne, Patrick Hurtgen and Nicholas Dimsdale, 2025. "Are Tax Cuts Contractionary at the Zero Lower Bound? Evidence from a Century of Data". Journal of Political Economy, 133(2).
James Cloyne & Clodomiro Ferreira & Paolo Surico, 2020. "Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism," The Review of Economic Studies, vol. 87(1), pages 102-129.
Michael Carlos Best & James S Cloyne & Ethan Ilzetzki & Henrik J Kleven, 2020. "Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches," The Review of Economic Studies, vol. 87(2), pages 656-690.
James Cloyne & Kilian Huber & Ethan Ilzetzki & Henrik Kleven, 2019. "The Effect of House Prices on Household Borrowing: A New Approach," American Economic Review, vol. 109(6), pages 2104-2136.
James S. Cloyne & Paolo Surico, 2017. "Household Debt and the Dynamic Effects of Income Tax Changes," The Review of Economic Studies, vol. 84(1), pages 45-81.
James Cloyne, 2013. "Discretionary Tax Changes and the Macroeconomy: New Narrative Evidence from the United Kingdom," American Economic Review, vol. 103(4), pages 1507-1528.
Massimiliano Rimarchi. Main Advisor. PhD 2012, European University Institute. "Financial Constraints, Financial Shocks and Business Cycle Accounting." Economist, Financial Services Authority. Senior Counsellor to the Chair of the ECB Supervisory Board, European Central Bank.
Mario Alloza. Main Advisor. PhD 2016, University College London. "Essays on Macroeconomics, Fiscal Policy and Income Mobility." Economist, Head of Public Sector and Fiscal Policy, Bank of Spain.
Mario Alloza, 2022. "Is Fiscal Policy More Effective During Recessions?" International Economic Review.
Mario Alloza and Carlos Sanz, 2021. "Jobs Multipliers: Evidence from a Large Fiscal Stimulus in Spain". Scandinavian Journal of Economics.
Alireza Sepahsalari. Main Advisor. PhD 2016, University College London. "Essays on Labour Market and Financial Frictions." Lecturer, University of Bristol.
Jan Eeckhout and Alireza Sepahsalari, 2024. "The Effect of Asset Holdings on Worker Productivity", Review of Economic Studies, 91(3), 2024, 1584–1633
Fabien Postel-Vinay and Alireza Sepahsalari, 2023. "Labour Mobility and Earnings in the UK, 1992-2017". The Economic Journal, 133(656), 3071–98.
Neele Balke. Main Advisor. PhD 2017, University College London. "Essays on Macroeconomics and Sovereign Default." Assistant Professor, IIES Stockholm. Research Assistant Professor, University of Chicago.
Neele Balke and Thibaut Lamadon, 2022. "Productivity Shocks, Long-Term Contracts and Earnings Dynamics". American Economic Review.
Similan Rujiwattanapong. Main Advisor. PhD 2017, University College London. "Essays in Macroeconomics and Labor Economics." Assistant Professor, Aarhus University. Associate Professor, Waseda University.
W. Similan Rujiwattanapong, 2022. "Unemployment Insurance and Labour Productivity over the Business Cycle," Review of Economic Dynamics, vol. 46, pages 196-223.
Benjamin Hemingway. Main Advisor. PhD 2018, University College London. "Essays on Macroeconomics and Firm Financing." Economist, Bank of Lithuania. Research economist, Bank of England.
Benjamin Hemingway, 2022. "Banking regulation and collateral screening in a model of information asymmetry". Journal of Financial Services Research, 61, 367-405.
Ming Qiu. Main Advisor. PhD 2018, University College London. "Essays in Sovereign Debt and Default." Economist, Barclays Capital.
Susana Parraga Rodriguez. Main Advisor. PhD 2018, University College London. "Essays on the Economic Effects of Pensions-Related Policies." Economist, Bank of Spain. Economist, European Central Bank.
Susana Párraga Rodríguez, 2023. "A Raise for Grandma: Pensions and Household Expenditure," The Economic Journal, vol. 133(649), pages 390-419.
Párraga Rodríguez, Susana, 2018. "The dynamic effects of public expenditure shocks in the United States," Journal of Macroeconomics, vol. 56(C), pages 340-360.
Keiran Larkin. Main Advisor. PhD 2019, University College London. "Essays in Macroeconomics with Heterogeneous Agents." Assistant Professor, IIES Stockholm University.
Orazio Attanasio, Kieran Larkin, Morten O. Ravn and Mario Padula, 2023, "S(C)ars and the Great Recession". Econometrica.
Chanwoo Kim. Main Advisor. PhD 2020, University College London. "Three Essays in Macroeconomics." Research economist, Bank of Korea.
Seungcheol Lee. Main Advisor. PhD 2020. University College London. "Essays on Incomplete Markets and Aggregate Fluctuations." Economist, Bank of Korea.
Morgane Richard. Main Advisor. PhD 2024. University College London. "Household Heterogeneity and Choices of Work and Consumption". Assistant Professor, SciencesPo (Post-doc at Stanford University, SIEPR, 2024-25).
Listen to Morgane explaining her job market paper on housing and Work From Home in this VoxEU interview with Tim Phillips
Cristian Espinosa Diaz. Main Advisor. PhD 2025. University College London. "Essays on Trade Policy and Macroeconomic Stability." Assistant Professor, University of Houston.
Current Students
Filippo Palotti, look at his website, https://www.filippopallotti.com/
Justinas Markausis
Brian Amorim Cabaco
Yue Wang
Shiya Lyu
Elena Navarro Casanovas
Federico Pessina
Tiziano di Biase
Ryohei Oishi
Michael Tran
Marina Kotsa Or Koca
Antoine Ding