Publications

Macroprudential Policy with Leakages, with Javier Bianchi 
Journal of International Economics, forthcoming

Slow Recoveries and Unemployment Traps: Monetary Policy in a Time of Hysteresis, with Sushant Acharya, Keshav Dogra and Shu Lin Wee
Economic Journal​, August 2022.

Financial Safety Nets, with Javier Bianchi and Louphou Coulibaly
International Economic Review, February 2019.

Liquidity Traps, Capital Flows, with Sushant Acharya
Journal of International Economics, September 2018.

Asset Pledgeability and Endogenously Leveraged Bubbles, with Toan Phan
Journal of Economic Theory, September 2018.

Consumption Baskets and Currency Choice in International Borrowing, with Ha Nguyen
Journal of International Money and Finance, October 2016.
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Capital Mobility and International Sharing of Cyclical Risk, with Enrique Mendoza and Vincenzo Quadrini
Journal of Monetary Economics, January 2013.

Working papers

Stagflation and Topsy-Turvy Capital Flows, with Louphou Coulibaly

A Macroprudential Theory of Foreign Reserve Accumulation, with Fernando Arce and Javier Bianchi  

​Macroprudential Policy Coordination

​​System Risk and Inefficient Debt Maturity

Work in progress
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Optimal Transfer Policy during Stagflation, with Louphou Coulibaly

Dominant Currency Pricing and International Risk Sharing, with Nick Sander

Dominant Currency Pricing and Currency Risk Premia, with Nick Sander