Papers

The pricing strategies of online grocery retailers (D Aparicio, Z Metzman), Quantitative Marketing and Economics, November 2023
Segunda Misión del Mercado de Capitales: avances y desafíos ( Luis Alberto Rodríguez) Chapter 3, pp 165-200, Book “Historia del mercado de capitales colombiano y otros ensayos”, ed Malagon and Verdugo
Alpargata, Cuba libre, y Playa: Cuando el Petroleo en una Bendicion y cuando una Maldicion? Book Chapter in honor of Ramon Espinasa
ESG Confusion and Stock Returns: Tackling the Problem of Noise (Berg, Kolbel, Pavlova)
Impacts of COVID-19 interventions: Health, economics, and inequality (XF Meng, D Jones, M Dahleh)
Quantum Prices (Diego Aparicio)
Contingent Financial Networks (Munther Dahler and Bomin Jiang), Handbook of Financial Integration, 2023
Aggregate confusion: The divergence of ESG ratings (Florian Berg and Julian Koelbel), 2022
From Just in Time, to Just in Case, to Just in Worst-Case (Bomin Jiang, Daniel Rigobon), IMF Staff Papers, 2022
Rethinking Diversity Measures in the Finance Industry. Sloan Management Review, August, 2021
Multilayer network analysis of oil linkages. (with Roberto Casarin, Matteo Iacopini, German Molina, Enrique Ter Horst, Ramon Espinasa, Carlos Sucre) The Econometrics Journal, 23, 2, 269-296, 2020
What can online prices teach us about exchange rate pass-through?, Journal of International Money and Finance 106, 2020
Contagion, Spillover, and Interdependence, Economia panel, 2019
Innovations in Federal Statistics: Combining Data Sources While Protecting Privacy, 2017
Federal Statistics, Multiple Data Sources, and Privacy Protection: Next Steps , 2017
Principles and Practices for Federal Program Evaluation, 2017
Principles and Practices for a Federal Statistical Agency: Sixth Edition, 2017
Measuring Sovereign Contagion in Europe (with Massimiliano Caporin, Loriana Pelizzon, Francesco Ravazzolo) Journal of Financial Stability, Forthcoming 2017
A Micro-Based Model for World Oil Market (with Ramon Espinasa, Sergio Guerra Reyes, Enrique ter Horst, Osmel Manzano, and German Molina) Energy Economics, 2017
The Billion Prices Project: Using Online Prices for Inflation Measurement and Research (with Alberto Cavallo) - Journal of Economic Perspectives- Vol 30(2):151-78, Spring 2016.
The Price Impact of Joining a Currency Union: Evidence from Latvia (with Brent Neiman and Alberto Cavallo). IMF Economic Review September 2015 Vol. 63(2), p.281-297. Lead Article.
Distance and political boundaries: Estimating border effects under inequality constraints (with F Borraz, A Cavallo, L Zipitría) International Journal of Finance & Economics, 2015
Macroeconomics and On-Line Prices, LACEA’s Presidential Address. Economia Panel, 2015
Prices and Supply Disruptions During Natural Disasters (with Alberto Cavallo and Eduardo Cavallo), Review of Income and Wealth, Vol. 60, pp. 449-471, 2014
Currency Unions, Product Introductions, and the Real Exchange Rate (with Alberto Cavallo and Brent Neiman), Quarterly Journal of Economics, 2014
Unexploited Gains from International Diversification, (with Tatiana Didier and Sergio Schmukler) Review of Economics and Statistics, 2013
Do Credit Rating Agencies Add Value? Evidence from the Sovereign Rating Business Institutions (with Eduardo Alfredo Cavallo and Andrew Powell), International Journal of Finance and Economics, 2013
International Macro-Finance (with Anna Pavlova) Encyclopedia of Financial Globalization, 2012
In Search of the Black Swan: Analysis of the Statistical Evidence of Electoral Fraud in Venezuela (with Ricardo Hausmann) Statistical Science, 2011, Vol. 26, No. 4, 543–563
Principal Components as a Measure of Systemic Risk, (with Mark Kritzman, Yuanzhen Li, and Sebastien Page) The Journal of Portfolio Management, Summer 2011, Vol. 37, No. 4, pp. 112-126, 2011.
Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission, (with Michael Ehrmann and Marcel Fratzscher) Journal of Applied Econometrics, forthcoming, 2011.
Set Identification and Sensitivity Analysis with Tobin Regressors (with Victor Chernozhukov and Tom Stoker), Quantitative Economics, Vol 1, No. 2, 255-277, 2010.
An asset pricing view of External Adjustment, (with Anna Pavlova) Journal of International Economics, Volume 80, Number 1, Pages 144-156, January 2010
Currency Choice and Exchange Rate Pass-through, (with Gita Gopinath and Oleg Itskhoki) American Economic Review, Volume 100, Number 1, Pages 304-36, March, 2010.
Dealing with Expropriations: General Guidelines for Oil Production Contracts, (2010) in The Natural Resources Trap, William Hogan and Federico Sturzeneger Eds., MIT Press.
Bias from Censored Regressors, (with Tom Stoker) Journal of Business and Economic Statistics, vol. 27, issue 3, pages 340-353, 2009.
Capital Controls, Managed Exchange Rates, and External Vulnerability, (with Sebastian Edwards) Journal of International Economics, Volume 78, Number 2, Pages 256-67, 2009
The Role of Portfolio Constraints in the International Propagation of Shocks, (with Anna Pavlova) Review of Economic Studies, Volume 75, Number 4, Pages 1215-56, 2008
Sticky Borders, (with Gita Gopinath) Quarterly Journal of Economics, Volume 123, Issue 2, Pages 531-75, May, 2008
Exchange Rate Volatility, The New Palgrave, 2008
Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices, (with Brian Sack) in Campbell, J (eds) Asset Prices and Monetary Policy, NBER, 2008.
Asset Prices and Exchange Rates, (with Anna Pavlova), Review of Financial Studies, Vol 20, Issue 4, Pages 1139-1180, 2007.
Estimation with Censored Regressors: Basic Issues, (with Tom Stoker), International Economic Review, Vol 40, Issue 4, Pages1441-1467, November, 2007.
New Empirical Methods in Contagion: Which Ones Work, Which Ones Don’t? in Amalia Morales Zumaquero (eds.) International Macroeconomics: Recent Developments, Nova Science Publishers, NY, 2007.
The long run puzzle of the Real Exchange Rate Volatility, (with Ricardo Hausmann and Ugo Panizza), Journal of International Money and Finance, 25, 1, Pages 93-124, 2006.
Why are capital flows so much more volatile in emerging than in developed countries?, (with Fernando Broner) in Caballero, R., C. Calderón and L. Céspedes (eds.) External Vulnerability and Preventive Policies, Banco Central de Chile. 2006
The effects of war risk on US financial markets, (with Brian Sack) Journal of Banking and Finance, Vol 29, Issue 7, Pages 1769-89, 2005.
Rule of Law, Democracy, Openness, and Income: Estimating the Interrelationships, (with Dani Rodrik) The Economics of Transition, Vol 13, Issue 3, Pages 533-64, 2005.
Identifying the efficacy of Central Bank interventions: Evidence from Australia and Japan, (with Jonathan Kearns) Journal of International Economics, Vol 66, Issue 1, Pages 31-48, 2005.
A Risk Management Approach to Emerging Market's Sovereign Debt Sustainability with an Application to Brazilian Data, (with Marcio Garcia) in Inflation Targeting, Debt, and the Brazilian Experience: 1999 to 2003, editors, Francesco Giavazzi, Ilan Goldfajn, and Santiago Herrera, MIT Press, 2005.
Once again, is account openness good for growth?, (with Ha Yan Lee and Luca Ricci), Journal of Development Economics, Volume 75, Issue 2, Pages 451-72, December, 2004.
The Impact of Monetary Policy on Asset Prices, (with Brian Sack) Journal of Monetary Economics, 51, pages 1553-75, 2004.
Measuring the Reaction of Monetary Policy to the Stock Market, (with Brian Sack) Quarterly Journal of Economics, vol. 118, issue 2, pages 639-669, 2003.
Identification Through Heteroskedasticity, Review of Economics and Statistics, vol. 85, issue 4, 2003.
On the Measurement of the International Propagation of Shocks: Are they Stable?, Journal of International Economics, Volume 61, 261-283, 2003.
An alternative interpretation of the 'resource curse': Theory and policy implications, (with Ricardo Hausmann) in "Fiscal Policy Formulation and Implementation in Oil-Producing Countries” Editors: J.M. Davis, R. Ossowski, and A. Fedelino, July 2003, IMF.
Resource Curse or Debt Overhang?, (with Osmel Manzano) "Natural Resources and Development: Are They a Curse? Are They Destiny?" Editors: Daniel Lederman and William F. Maloney, 2003, Stanford University Press.
The Curse of Non-investment Grade Countries, Journal of Development Economics, Volume 69, Issue 2, December, pp. 423-449, 2002.
Currency crises and contagion: An introduction, (with Sebastian Edwards) (Editorial), Journal of Development Economics, Volume 69, Issue 2, December, pp.307-313, 2002.
Disinflation and Fiscal Reform: A Neoclassical Perspective, Journal of International Economics, Volume 58, Number 2, December, pp 265-297, 2002.
No Contagion, Only Interdependence: Measuring Stock Market Co-movements, (with Kristin Forbes) Journal of Finance, Volume 57, Number 5, October, PP 2223-2261, 2002.
Contagion: How to measure it?, in "Preventing Currency Crises in Emerging Markets" Editors: Sebastian Edwards and Jeffrey Frankel, The University Chicago Press, Chicago, 2002, PP 269-334.
International Financial Contagion: Theory and Evidence in Evolution, The Research Foundation of AIMR, August, 2002.
Contagion in Latin America: Definitions, Measurement, and Policy Implications, (with Kristin Forbes) Economia, Economia, Volume 1, Number 2. Pp. 1-46, 2001.
Measuring Contagion: Conceptual and Empirical Issues, (with Kristin Forbes) Editor Stijn Claessens and Kristin Forbes. International Financial Contagion, Kluwer Academic Publishers. 2001
Financial Contagion in Emerging Markets, with Eduardo Fernandez Arias in Wanted: World Financial Stability. Eduardo Fermandez Arias and Ricardo Hausmann editors. IDB, 2000.
Gas subsidy in Venezuela: Its distributional impact'', Roberto Rigobon, in Hausmann, Ricardo and Rigobon, Roberto, eds. Government spending and income distribution in Latin America. Washington, D.C.: Inter-American Development Bank; distributed by Johns Hopkins University Press, Baltimore, 1993.
An Optimal Spending Rule Facing Oil Income Uncertainty (Venezuela)'' Hausmann, Ricardo, Powell, Andrew, and Rigobon, Roberto, in Engel, Eduardo and Meller, Patricio, eds. External shocks and stabilization mechanisms. Washington, DC: Inter-American Development Bank; distributed by Johns Hopkins University Press, 1993, pp. 113-71.
Government Spending and Income Distribution in Latin America, Hausmann, Ricardo and Rigobon, Roberto, editors. Washington, DC: Inter-American Development Bank; distributed by Johns Hopkins University Press, Baltimore, 1993.
A stabilization program for Venezuela: An analysis.'' (with J.C. Navarro) Coyuntura Economica, 1992. (in Spanish).
Financial regulatory system in Venezuela'' (with Ricardo Hausmann and Carlos Jaramillo), CEPAL, 1990. (In Spanish)

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Papers