Research

WORK IN PROGRESS

“Exchange Rate Regime Sustainability,” with Andres Fernandez and Oleg Itskhoki

“International Capital Flows and the Efficacy of Monetary Policy in the U.S., with Miguel Faria-e-Castro and Manu Garcia

WORKING PAPERS

Natural Resources and Sovereign Risk in Emerging Economies: A Curse and a Blessing,” (Online Appendix) with Franz Hamann, Juan Camilo Mendez-Vizcaino, and Enrique G. Mendoza (R&R Review of Economic Studies)

Marriage Market Sorting in the U.S., with Anton Cheremukhin and Antonella Tutino

The Dual Beveridge Curve, with Anton Cheremukhin (under review)

The Impact of Bretton Woods International Capital Controls on the Global Economy and the Value of Geopolitical Stability: A General Equilibrium Analysis, with Lee Ohanian, Diana Van Patten, and Mark L.J. Wright (R&R International Economic Review)

An Information-based Theory of Monopsony Power, with Anton Cheremukhin

PUBLICATIONS

COVID-19: Fiscal Implications and Financial Stability in Developing Countries,” Federal Reserve Bank of St. Louis REVIEW, Vol. 105, No.3 July 2023

Targeted Search in Matching Markets,” with Anton Cheremukhin and Antonella Tutino. Journal of Economic Theory, Volume 185, January 2020

Endogenous Borrowing Constraints and Stagnation in Latin America,” Journal of Economic Dynamics and Control, Volume 109, December 2019

Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America,” with Lee E. Ohanian and Mark L. J. Wright. American Economic Review, 2018, 108(12) Pages 3541-3582 

Monetary Policy in an Oil-Exporting Economy,” Federal Reserve Bank of St. Louis REVIEW, Vol. 98, No.3 July 2016

Macroeconomic Volatility: The Role of the Informal Economy,” European Economic Review, Volume 70, August 2014, Pages 454-469

The Labor Wedge as a Matching Friction,” with Anton Cheremukhin. European Economic Review, Volume 68, May 2014, Pages 71-92