PUBLICATIONS

World Commodity Prices and Partial Default in Emerging Markets: An Empirical Analysis (with Shuang Feng)
Review of World Economics, Forthcoming.

Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation (with Prakash Loungani, Helmut Maurer, and Willi Semmler)
Mathematical Control and Related Fields, Volume 13, Issue 2 (June 2023), pp. 583-604.

Investing in Public Infrastructure: Roads of Schools? (with Bin Li, Ricardo Marto, and Giovanni Melina) IMF Working Paper No. 17/105
Macroeconomic Dynamics, Volume 25, Issue 7 (October 2021), pp. 1892-1921.

Re-Opening After the Lockdown: Long-Run Aggregate and Distributional Consequences of COVID-19 (with Chris Papageorgiou and Stephen J. Turnovsky)
Journal of Mathematical Economics, Volume 93 (March 2021), 102481, 18 pages.

Taxation and Public Health Investment: Policy Choices and Tradeoffs (with Chris Papageorgiou and Stephen J. Turnovsky)
Macroeconomic Dynamics, Volume 25, Issue 2 (March 2021), pp. 426-461.

Entry Costs, Task Variety, and Skill Flexibility: A Simple Theory of (Top) Income Skewness (with Yoshinori Kurokawa)
B.E. Journal of Macoeconomics, Volume 21, Issue 1 (January 2021), pp. 97-124.

Intersectoral Linkages, Diverse Information, and Aggregate Dynamics (with Ryan A. Chahrour)
Review of Economic Dynamics, Volume 36 (April 2020), pp. 270-292.

Rethinking Development Policy: Deindustrialization, Servicification, and Structural Transformation (with Prakash Loungani, Milton Marquis, and Chris Papageorgiou) IMF Working Paper No. 18/223
World Development, Volume 128 (April 2020), 104835, 13 pages.

Moral Hazard in Lending and Labor Market Volatility (with John Gibson and Milton H. Marquis)
Journal of Money, Credit, and Banking, Volume 51, Issue 1 (February 2019), pp. 79-109.

Trade Costs and Endogenous Nontradability in a Model of Sectoral and Firm-Level Heterogeneity
Computational Economics, Volume 53, Issue 2 (February, 2019), pp. 709-742.

Labor Market Volatility in the RBC Search Model: A Look at Hagedorn and Manovskii’s Calibration (with John D. Gibson and Milton H. Marquis)
Computational Economics, Volume 52, Issue 2 (August, 2018), pp. 583-602.

Asymmetry and the Amplitude of Business Cycle Fluctuations: A Quantitative Investigation of the Role of Financial Frictions (with John D. Gibson and Milton H. Marquis)
Macroeconomic Dynamics, Volume 22, Issue 2 (March, 2018), pp. 279-306.

Fiscal Adjustment and Inflation Targeting in Less Developed Countries (with Ed Buffie)
Journal of Money, Credit, and Banking, Volume 48, Issue 8 (Dec, 2016), pp. 1839-1875.

The Impact of Trade Margins on the Skill Premium: Evidence from Mexico (with Yoshinori Kurokawa)
Journal of Policy Modeling, Volume 38, Issue 5 (Sep-Oct, 2016), pp. 895-915.

Equilibrium Shirking, Access to Credit, and Endogenous TFP Fluctuations (with Tor Einarsson and Milton H. Marquis)
Economica, Volume 82, Issue 327 (Jul, 2015), pp. 486-507.

Resurrecting the Weak Credibility Hypothesis in Models of Exchange-Rate-Based Stabilization (with Ed Buffie)
European Economic Review, Volume 56, Issue 3 (Apr, 2012), pp. 361-372.

Trade, Growth, and Poverty in Zambia: Insights from a Dynamic General Equilibrium Model (with Ed Buffie)
Journal of Policy Modeling, Volume 34, Issue 2, (Mar-Apr, 2012), pp. 211-229.

Growth and Inequality: Dependence on the Time Path of Productivity Increases (and Other Structural Changes) (with Santanu Chatterjee and Stephen J. Turnovsky)
Journal of Economic Dynamics and Control, Volume 36, Issue 3 (Mar, 2012), pp. 331-348.

Solving the Unit Root Problem in Models with an Exogenous World Market Interest Rate (with Ed Buffie)
Macroeconomic Dynamics, Volume 15, Issue 5 (Nov, 2011), pp. 681-712.

Exchange-Rate-Based Stabilization, Durables Consumption, and the Stylized Facts (with Ed Buffie)
Economic Journal, Volume 121, Issue 555 (Sep, 2011), pp. 1130-1160.

Linearization and Higher-Order Approximations: How Good are They? (with Bassam Awad and Milton H. Marquis)
Computational Economics, Volume 38, Issue 1 (Jun, 2011), pp. 1-31.

Relative Wealth Concerns and Entrepreneurship (with Kislaya Prasad)
Economica, Volume 78, Issue 310 (Apr, 2011), pp. 294-316.

Understanding Liquidity Shortages During Severe Economic Downturns (with Tor Einarsson and Milton H. Marquis)
Journal of Economic Dynamics and Control, Volume 35, Issue 3 (Mar, 2011), pp. 330-343.

How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model (with Santanu Chatterjee and Stephen J. Turnovsky)
Journal of Economic Dynamics and Control, Volume 34, Issue 9 (Sep, 2010), pp. 1550-1571.

Public Investment, Tax Evasion, and the Welfare Effects of a Tariff Reform
Contemporary Economic Policy, Volume 28, Issue 2 (Apr, 2010), pp. 219-239.

Reverse Shooting Made Easy: Automating the Search for the Global Nonlinear Saddle Path (with Ed Buffie)
Computational Economics, Volume 34, Issue 3 (Oct, 2009), pp. 273-308.

Agricultural Input Subsidies in Malawi: Good, Bad or Hard to Tell? (with Ed Buffie)
FAO Commodity and Trade Policy Research Paper, No. 28 (Aug, 2009).

Smart Forward Shooting (with Ed Buffie)
Computational Economics, Volume 33, Issue 1 (Feb, 2009), pp. 1-30.

Trade Liberalization and Rising Wage Inequality in Latin America: Reconciliation with HOS Theory
Journal of International Economics, Volume 71, Issue 2 (Apr, 2007), pp. 467-494.