My citations:

Journal Publications:

  • "Emerging Market Business Cycles: The Role of Labor Market Frictions" with Emine Boz, Nan Li, Journal of Money Credit and Banking, vol. 47(1), pp. 31-72, January 2015. Earlier version available as IMF WP (12/237), FRB IFDP 989. Draft
  • "News and Sovereign Default Risk in Small Open Economies" with Ricardo Nunes, Horacio Sapriza, Journal of International Economics, lead article, vol. 91(1), pp. 1-17, September 2013. Also available as FRB IFDP 997. Draft
  • "Emerging Market Business Cycles: Recent Advances", International Economic Journal, vol. 27(2), pp. 183-199, 2013. Draft
  • "On the Solvency of Nations: Cross-Country Evidence on the Dynamics of External Adjustment" with Enrique Mendoza, Marco Terrones, Journal of International Money and Finance, vol. 32, pp 762-780, February 2013. Also available as NBER w18380, FRB IFDP 975. Draft
  • "Emerging Market Business Cycles: Learning about the Trend" with Emine Boz, Christian Daude, Journal of Monetary Economics, vol. 58(6), pp 616-631, September-November 2011. Also available as FRB IFDP 927. Draft
  • "Emerging Market Business Cycles with Remittance Fluctuations" with Serdar Sayan, IMF Staff Papers, vol. 57(2), June 2010. Also available as FRB IFDP 946. Draft
  • "Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assesment of the New Mercantilism" with Enrique Mendoza, Marco Terrones, Journal of Development Economics, vol. 89 pp. 194-209, July 2009. Also available as NBER w13123, IMF WP 07/146, FRB IFDP 911. Draft
  • "Quantitative Implications of Indexed Bonds in Small Open Economies," Journal of Economic Dynamics and Control, vol. 33(4), pp. 883-902, April 2009. Winner of SCE 2006 best student paper award. Also available as FRB IFDP 909. Draft
  • "Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff" with Enrique Mendoza, Journal of International Economics, vol. 69(1), pp. 84-119, June 2006. Also available as NBER w11178, IMF WP 06/73. Draft

Other Publications:

  • "Review of 'Emerging Markets Resilience and Growth amid Global Turmoil' by M. Ayhan Kose and Eswar S. Prasad," Journal of International Economics, vol. 85(1), pp. 160-162, September 2011. Draft
  • "Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees" with Enrique Mendoza, Proceedings Federal Reserve Bank of San Francisco, June 2004. Also available as NBER (w10790).

Working Papers:

  • "Sovereign Risk and Bank Balance Sheets: the Role of Macroprudential Policies'' with Emine Boz and Pablo D'Erasmo.
  • ``Global v. Local Methods in the Quantitative Analysis of Open-Economy Models with Incomplete Markets'' with Oliver de Groot and Enrique Mendoza.

  • ``The Role of U.S. Monetary Policy in Global Banking Crises," with Alex Martin and Ilknur Zer. FRB FEDS 2019-039. Draft
  • ``Macroeconomic Implications of Banks and Nonbanks: a DSGE Analysis," with Molin Zhong. FRB FEDS 2019-031. Draft

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