ACADEMIC PUBLICATIONS
Information Spillovers in Sovereign Debt: Theory Meets the Eurozone Crisis
(with Hal Cole and Daniel Neuhann)
Review of Economic Studies. Forthcoming.
Technological Progress and Rent Seeking
(with Vincent Glode)
Review of Financial Studies. Forthcoming.
Information Dynamics and Macro Fluctuations
(with Kyriakos Chousakos and Gary Gorton)
AEJ: Macroeconomics. 15: 372-400. (2023).
Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data
(with Hal Cole and Daniel Neuhann)
Journal of Political Economy. 130: 2055-2109. (2022).
Saving Rates and Savings Ratios
(with Facundo Piguillem)
Review of Economic Dynamics. 46: 365-381. (2022).
Sovereign Debt Auctions In Turbulent Times
(with Hal Cole and Daniel Neuhann)
AEA Papers and Proceedings. 112: 526-530. (2022).
The Supply and Demand for Safe Assets
(with Gary Gorton)
Journal of Monetary Economics. CRNYU. 125: 132-147. (2022). [older version]
Fighting Crises with Secrecy
(with Gary Gorton)
AEJ: Macroeconomics. 12(4): 218-245. (2020) [appendix]
Political Booms, Financial Crises
(with Helios Herrera and Christoph Trebesch)
Journal of Political Economy. 128(2): 507-543. (2020) [appendix]
Good Booms, Bad Booms
(with Gary Gorton)
Journal of the European Economic Association. 18(2): 618-665. (2020).
Corona Politics: The cost of mismanaging pandemics
(with Helios Herrera, Max Konradt and Christoph Trebesch)
Covid Economics: 50: 3-33. (2020).
Leverage Dynamics and Credit Quality
(with David Perez-Reyna and Motohiro Yogo)
Journal of Economic Theory. 183: 183-212. (2019). [appendix]
Confidence Banking and Strategic Default
Journal of Monetary Economics. 100: 101-113. (2018). [appendix]
Sustainable Shadow Banking
AEJ: Macroeconomics. 10(1): 33-56. (2018).
Global Information Spillovers.
(with Kyriakos Chousakos and Gary Gorton)
Monetary Policy and Global Spillovers: Mechanisms, Effects and Policy Measures
ed. Enrique Mendoza, Ernesto Pasten and Diego Saravia. Central Bank of Chile. v. 25, 137-181. (2018).
Banks as Secret Keepers
(with Tri Vi Dang, Gary Gorton and Bengt Holmstrom)
American Economic Review. 107(4): 1005-1029. (2017). [appendix]
Network Reactions to Banking Regulations
(with Selman Erol)
Journal of Monetary Economics. CRNYU. 89: 51-67. (2017). [appendix]
Deceptive Redistribution
(with Simeon Alder)
Review of Economic Dynamics. 22: 223-239. (2016). [appendix]
Uncertainty as Commitment
(with Jaromir Nosal)
Journal of Monetary Economics. 80: 124-140. (2016). [appendix]
Optimal Regulation in the Presence of Reputation Concerns
(with Andrew Atkeson and Christian Hellwig)
Quarterly Journal of Economics. 130(1): 415-464. (2015). [continuous time version]
Collateral Crises
(with Gary Gorton)
American Economic Review. 104(2): 343-378. (2014). (lead article). [appendix]
The Asymmetric Effects of Financial Frictions
Journal of Political Economy. 121(5): 844-895. (2013). [appendix]
Fragility of Reputation and Clustering of Risk-Taking
Theoretical Economics. 8(3): 653-700. (2013).
Reputation from Nested Activities
Economic Theory. 52 (3): 915-940. (2013).
Which Workers Get Insurance Within the Firm?
(with David Lagakos)
Journal of Monetary Economics. 58: 632-645. (2011).
The EMU Effect on Trade: What’s in it for the UK?
(with Alejandro Micco and Ernesto Stein)
Prospects for Monetary Unions After the Euro.
ed. P. de Grawe and J. Melitz, MIT Press, 155-186. (2005).
The Currency Union Effect on Trade: Early Evidence from the European Union
(with Alejandro Micco and Ernesto Stein)
Economic Policy, 18(37): 315-356. (2003)
Financial Liberalization and Growth: Does it Pay to Join the Party?
(with Arturo Galindo and Alejandro Micco)
Economia, 3(1): 231-261. (2002)
Fiscal Evasion and Corruption: The Importance of Priorities (in Spanish)
Revista de Analisis Economico, 16(2) 43-76. (2001)
OTHER PUBLICATIONS
Banking History of the United States (in Spanish).
Actualidad Economica. 110: 11-21. (2023).
Propagacion de Informacion entre Paises.
(with Kyriakos Chousakos and Gary Gorton)
Economia Chilena. 20: 90-127. (2017).
Comment on ’Credit Market Frictions and Political Failure’ by Aney, Ghatak and Morelli.
Carnegie-Rochester-NYU Conference Series on Public Policy.
Journal of Monetary Economics. 81: 65-69. (2016).
Policies and Training Programs for Small Firms (in Spanish)
CINTERFOR/ILO – Montevideo, Uruguay, (2006).
Good Jobs Wanted: Labor Markets in Latin America – IPES 2003
IADB Research Department Annual Book. Washington, DC, (2003).
Beyond Borders: The New Regionalism in Latin America – IPES 2002
IADB Research Department Annual Book. Washington, DC, (2002).
Elements for a Labor Education Strategy in Central America (in Spanish)
European Union – IADB. Cinterfor Documents. Montevideo, Uruguay, (1999).
Import Quotas and Welfare: The Case of the Mercosur Automobile Industry
(with Jose Delfino and Maria Eugenia Delfino)
Studies, IEF-UNC, 30. (1998).