Publications

US Public Debt and Safe Asset Market Power

joint with Jason Choi and Rishabh Kirpalani, Journal of Political Economy, accepted.

Bankruptcy Efficiency and Credit Cycles

joint with Martin Kornejew, Chen Lian, Yueran Ma and Pablo Ottonello. NBER Macroeconomics Annual 2024, Volume 39.

Exorbitant Privilege and the Sustainability of US Public Debt

joint with Jason Choi, Duong Dang, and Rishabh Kirpalani, American Economic Association Papers and Proceedings, (2024), 114: 143-47.

VoxEu column

The Micro Anatomy of Macro Consumption Adjustments

joint with Rafael Guntin and Pablo Ottonello, American Economic Review, (2023) 113(8): 2201-2231.

The Secular Decrease in UK Safe Asset Market Power

joint with Jason Choi, Duong Dang, and Rishabh Kirpalani, American Economic Association Papers and Proceedings, (2023) 113: 120-24.

Monetary Policy and Redistribution in Open Economies

joint with Xing Guo and Pablo Ottonello. JPE: Macroeconomics (2023) 1:1, 191-241.

Are Collateral-Constraint Models Ready for Macroprudential Policy Design?

joint with Pablo Ottonello and Paolo Varraso, Journal of International Economics (2023): 139: 103650.

Currency Choice in Contracts

joint with Andres Drenik and Rishabh Kirpalani, Review of Economic Studies (2022) 89(5):2529–2558.

Global Banks and Systemic Debt Crises

joint with Juan Morelli and Pablo Ottonello, Econometrica (2022) 90(2):749-798.

Domestic Price Dollarization in Emerging Economies

joint with Andres Drenik, Journal of Monetary Economics (2021) 122:38-55.

Price Setting Under Uncertainty About Inflation

joint with Andres Drenik, Journal of Monetary Economics (2020) 116:23-38.

The Currency Composition of Sovereign Debt

joint with Pablo Ottonello, American Economic Journal: Macroeconomics (2019) 11(3):174-208.

Wealth Redistribution After Exchange Rate Devaluations

joint with Andres Drenik and Gustavo Pereira, American Economic Association Papers and Proceedings (2018) 108: 552-556.

Online Appendix

Sovereign Debt Maturity Structure Under Asymmetric Information

Journal of International Economics (2017) 108: 243-259.

 

Working Papers

Sudden Stops Under the Microscope

joint with Cecilia Dassatti, Rodrigo Lluberas, and Pablo Ottonello. Prepared for the IMF 25th Jacques Polak Annual Research Conference

The Exchange Rate as an Industrial Policy

joint with Pablo Ottonello and William Witheridge.

On the Real Transmission of the Global Financial Cycle

joint with Caitlin Hegarty, Matias Moretti and Pablo Ottonello.

Sovereign Debt, Domestic Banks and the Provision of Public Liquidity

joint with Paolo Varraso, Resubmitted, Review of Economic Studies. Job market paper version.