Working papers
Large Devaluations, Heterogeneous Consumption Adjustments, and Macroeconomic Implications
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​Exchange Rate Pass-Through and Invoicing Currency: Different Patterns at the Border and the Store (With Bernardo Candia and Youyou Xu).
Work in Progress
​​​Closing the Connectivity Gap between the Rich and Poor: Online Governance Reform for Internet Market Failures (With Bernardo Candia and Jelena Laketic).
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Firms’ Price Setting and Market Power During Episodes of High Inflation (With Luis Felipe Cespedes and Patricio Toro).
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Optimal Monetary Policy in a Small Open Economy with Input-Output Linkages (With Akira Ishide and Sihwan Yang).
Publications
Exchange rate pass-through, monetary policy, and real exchange rates: Iceland and the 2008 crisis (With Sebastian Edwards). Open Economies Review, Vol. 33 (2), pp. 197-230, 2022. NBER working paper. In media: VoxEU, UCLA Anderson Review.
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Accumulation of reserves in emerging and developing countries: mercantilism versus insurance (With José De Gregorio). Review of World Economics, Vol. 155, pp. 819-857, 2019. Working Paper.
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International banking and cross-border effects of regulation: Lessons from Chile (With Alejandro Jara). International Journal of Central Banking, Vol. 13 No. S1, pp. 95-127, 2017. Working Paper.
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Other Pre-doctoral Research:
The demand for cash: Stylized facts and substitution by electronic means of payment (With Alejandro Jara). CEPAL Review, Number 135, pp. 129-157, 2021.
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International exposure of Chilean banking system: characteristics and risk (With Alejandro Jara and Faruk Miguel). Journal Economía Chilena (The Chilean Economy), Nota de Investigación Económica, Central Bank of Chile, Vol. 20 Number 3, 2017.