Publication

Optimal Infrastructure after Trade Reform in India,  Journal of Development Economics, Volume 166, (January 2024), 103208.

Working Papers

The Geography of Trade Shocks: Market Access and the Redistribution of Employment Losses, with Ernesto Ugolini. 

Geography and City Size: Remains of Bukhara to the Modern US*, with Rocco Rante and Federico Trionfetti  - INFER WP   Policy Brief 

 *Awarded the 2025 INFER Research Prize in Rome.

Expenditure Smoothing under Balanced Budget Rules, with  Xavier Bautista, Steven Craig, Annie Hsu, Bent Sørensen, and Vasundhara Tanwar -  CEPR Discussion Paper - under review.

Work in Progress

Industrial Policy and Trade Tensions in Strategic Sectors with Lorenzo Rotunno and Michele Ruta [WP coming soon].

Abstract: This paper examines the global trade and welfare effects of industrial subsidies, employing a multi-country multi-sector general equilibrium trade model with economies of scale. We first estimate the magnitude of industrial subsidies across countries relying on a novel approach that exploits information over the period 2015-2023 on subsidy counts. We then quantify the impact of the implied subsidy rates on trade flows and find that subsidies boost net exports in strategic sectors especially for China, while causing export declines in competing economies. A decomposition of the trade effects highlights the role of economies of scale in explaining sectoral specialization in response to subsidies. Tariff actions in 2018-19 and since 2025 partly offset these trade patterns. While targeting strategic sectors, recent subsidies and import tariffs lower global welfare by creating distortions and negative cross-border externalities.

Presentations (* by co-author): ACEGD ISI Delhi (2025), Georgetown U. Brown Bag (2026*), BIS, BoE, ECB, IMF, and JIE Spillover Conference (scheduled*)

AI-Innovation and Trade: Evidence from India with Despoina Balouktsi and Laura Contreras.

Presentations (* by co-author): ETSG Athens (*2024), U Bologna (*2025)

Choosing Winners? Aggregate Productivity Gains and Resource Allocation under India’s New Industrial Policy with Kriti Khanna.

Reports

A comment on Xu (2022). Reshaping Global Trade: The Immediate and Long-Term Effects of Bank Failures with Guillaume Bérard and Dimitria Freitas - No 85, I4R Discussion Paper Series.

Non-Economics Publications

Determining Sample Size and Power in Research Studies: A Manual for Researchers, with J. P. Verma, Springer Nature Singapore Pte Ltd. 2020. Online ISBN: 978-981-15-5204-5.