Research

Peer reviewed articles

Dynamic tax externalities and the U.S. fiscal transformation (with Dirk Niepelt). Journal of Monetary Economics, forthcoming

Politico-Economic Equivalence (with Dirk Niepelt). Review of Economic Dynamics, Vol. 18, 843-862, October 2015

Ageing, Government Budgets, Retirement and Growth (with Dirk Niepelt). European Economic Review, Vol. 56(1), 97-115, January 2012

Social security as Markov equilibrium in OLG models: a note Review of Economic Dynamics, Vol. 14, 549-552, July 2011

Cuotas y poder de voto en el FMI: teoría y evidencia Ensayos Económicos del Banco Central de la República Argentina, Vol. 55, 57-91, July-September 2009 (published in Spanish)

The future of social security (with Dirk Niepelt). Journal of Monetary Economics, 55(2), 197-218, March 2008 (lead article)

Financial Innovation, Market Participation, and Asset Prices (with Laurent Calvet and Paolo Sodini). Journal of Financial and Quantitative Analysis, 39(3), 431-459, September 2004 (lead article)

Book chapters

The impact of Electricity Sector Privatization on Public Health (with Martín Rossi). In A. Chong, editor, Privatization for the Public Good? Harvard University Press, 2008

Advanced Work in Progress

Resolution of Financial Crises (with Sebastián Fanelli), under review

Fundamentals and Optimal Institutions: The case of US sports leagues (with Nikolaj Harmon and Martín Rossi), Udesa WP No. 128, under review

Women’s Representation in Politics: The Effect of the Electoral System (with Carlos Sanz), Bank of Spain WP 1834, under review

Cooperation and Retaliation in Legislative Bargaining (with Agustín Casas), under review

Informality and Social Security Security (with Rasmus K. Berg)

Liquidity Shocks, Market Maker Turnover, and Bidding Behavior in Treasury Auctions (with Jakub Kastl and Jesper Rüdiger), University of Copenhagen Department of Economics Discussion Paper 17-13

Why Might the Old Want to Honor Sovereign Debt?

Working Papers

Intergenerational Conflict and International Risk Sharing. 2010. Udesa WP No. 106

Determinants of Capital Intensive and R&D Intensive Foreign Direct Invesment (with José Mauricio Prado, Jr.). 2007. IIES Seminar Paper No. 753

Sustaining Social Security (with Dirk Niepelt). 2005. CESifo WP No. 1494

Banks’ Liquidity Demand in the Presence of a Lender of Last Resort. 2003. Udesa WP No. 61

Other Work in Progress

Annihilation Risk (with Victor Luo and Dirk Niepelt)

The Cost of Nuclear War Threat

Gender Peer Effects (with Thomas Fujiwara and Carlos Sanz)

The Effect of Conspicuous Consumption on the Business Cycle (with Søren H. Ravn and Roberto Rigobon)

A Trade Based Optimal Voting Rule for the International Monetary Fund (with David Jinkins)