RESEARCH

Areas of Research

Macroeconomics and international economics. Market frictions and macroeconomic fluctuations. Technical change and economic growth. Economic reforms and government policy in developing countries.

Overview of Research

My current research covers specific questions in areas, such as, automation, general purpose technology, labor market dynamics, and link between commodity prices and partial default.

My past research has included the study of the impact of trade liberalization on wage inequality and infrastructure provision, the explanation of consumption boom associated with the exchange-rate-based stabilization programs, and the investigation of the effect of economic reforms on risk-taking and the price of non-traded goods, such as real estate. More recent research has explored various policy issues (relating to health, public investment, monetary policy, and climate change) and macroeconomic questions (such as, implications of information and labor market frictions, and determinants of economic inequality.)

I have also developed numerical techniques for finding the true nonlinear solution to the perfect foresight models that are very generally applicable to these class of models. They allow an accurate analysis of economic reforms in developing economies. The techniques show that the use of approximation methods for such an analysis can be quite misleading as these countries are typically subject to large shocks.