Publications in Refereed Journals
Time Use During Recessions (with Erik Hurst and Loukas Karabarbounis).
American Economic Review, forthcoming.
Robustness Appendix. Data and Programs.
Growth in the Shadow of
Expropriation (with Manuel Amador),
Quarterly Journal of Economics, May 2011, Vol 126, No 2, 651-697.
Online Appendix.
Investment Cycles and
Sovereign Debt Overhang, (with Manuel Amador and Gita Gopinath)
Review of Economic Studies, January 2009,
Vol76, No. 1, 1-31.
Lifecycle Prices and
Production, (with Erik Hurst).
Data and
Programs. American
Economic Review, December 2007, Vol 97, Number
5, 1533-1559.
Measuring Trends in
Leisure, (with Erik Hurst)
Data and
Programs. Quarterly
Journal of Economics, August 2007, Vol. 122,
No. 3: 969-1006.
Emerging Market Business Cycles: The Cycle is the Trend
(with Gita Gopinath),
Journal of
Political Economy, February 2007, 115,
Number 1, 69-102.
Data and
Programs.
Defaultable
Debt, Interest Rates, and the Current Account, (with Gita Gopinath),
Journal of International Economics, June 2006, Vol 69 Number 1, 64-83.
Programs.
Determining Underlying
Macroeconomic Fundamentals during Emerging Market Crises: Are conditions as
bad as they seem? (with
Fernando Broner),
Journal of Monetary Economics, May
2006, Vol 53, Issue 4, 699-724.
Consumption vs.
Expenditure, (with Erik Hurst),
Journal of
Political Economy, October 2005, Vol 113 Number
5, 919-948
Investment,
Devaluation, and Foreign Currency Exposure:
The Case of Mexico,
Journal of Development Economics, October
2005, Vol 78, Issue 1, 95-113.
Fire-Sale FDI and
Liquidity Crises, (with Gita Gopinath),
Review of Economics and Statistics, August
2005, Vol 87 Issue 3, 439-452.
Other Publications
Discussion of Rong Qian, Carmen Reinhart, and
Kenneth Rogoff "On Graduation from Default,
Inflation and Banking Crises: Ellusive or
Illusion",
NBER Macroannual 2010
Expropriation
Dynamics, (with Manuel Amador and Gopinath),
American Economic Review Papers & Proceedings 2009. Click
here for
appendix. Click
here for python code.
The
Increase in Leisure Inequality, (with Erik Hurst), draft
prepared for the American Enterprise InstituteÕs monograph series on economic
well-being and inequality, September 2007.
The Permanent
Income Hypothesis, New Palgrave
Dictionary of Economics, 2nd Edition (with Erik Hurst).
Emerging Market
Fluctuations: The Role of Interest Rate and Productivity Shocks, (with Gita Gopoinath), November 2006,
Prepared for the Tenth Annual Conference on the
Central Bank of Chile,
Current
Account and External Financingâ December 2006.
Working Papers
Sovereign Debt prepared for
Handbook of International Economics, Vol 4 (with Manuel Amador).
Crisis and Commitment:Inflation Credibility and the Vulnerability to Sovereign Debt Crises (with Manuel Amador, Emmanuel Farhi, and Gita Gopinath) [Preliminary Draft].
Fiscal Policy in Debt Constrained Economies (with Manuel Amador).
Deconstructing
Lifecycle Expenditure (with Erik Hurst).
Data and
Programs. Robustness
Appendix. (Under revision for the
Journal of Political Economy).
Has Consumption Inequality
Mirrored Income Inequality (with Mark Bils).
Data and
Programs.
Efficient
Expropriation: Sustainable Fiscal Policy in a Small Open Economy, (with
Manuel Amador and Gita Gopinath),
January 2006 (Precursor to "Investment Cycles and Sovereign Debt Overhang").