Research

Working papers: 

 Credit, Sectoral Misallocation and TFP (with Carlos Urrutia and Felipe Meza),  March 2014.

Export Dynamics in Large Devaluations (with George Alessandria and Vivian Yue),  January 2014.

Published Papers:

“Financial Frictions and Total Factor Productivity: Accounting for the real effects of financial crises” (with Carlos Urrutia), Review of Economic Dynamics, 2012, 3, pp. 336-358.

“Financial Crises and Labor Market Turbulence” (with Erwan Quintin), Journal of Monetary Economics, 2011, 6-8, pp. 601-615.

“Labor Markets in Turbulent Times: Some Evidence from Mexico” (with Erwan Quintin), Southwest Economy,  Issue 5, September/October 2008.

“The Informal Sector in Developing Countries: Output, Assets and Employment” (with Erwan Quintin), in J. Davis (ed). Personal Wealth from a Global Perspective, 2008, Oxford University Press.

“Are Labor Markets Segmented in Argentina: A Semi Parametric Approach” (with Erwan Quintin),  European Economic Review, 2006, 7, pp. 1817-1841.

“Financial Market Discipline in Early 20th Century Mexico” (with Astrid Luce and Elisabeth Huybens), Journal of Economic History,  2005, 3, pp. 757-778.

“Firm Dynamics, Investment and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994 (with Carlos Urrutia), Journal of Development Economics, 2004, 2, pp. 535-563. (also published as NBER Working Paper 10523).

“Debt Composition and Balance Sheet Effects of Exchange Rate Volatility in Mexico: A Firm Level Analysis”, (with Ignacio Lobato and Alejandro Somuano), Emerging Markets Review, 2003, 4, pp. 450-471.

“Do Adjustment Costs Explain Investment-Cash Flow Insensitivity?” Journal of Economic Dynamics and Control, 2003, 27, pp. 1993-2006.

“Firm Investment Under Imperfect Capital Markets: A Structural Estimation” (with Silvio Rendon), Review of Economic Dynamics, 2003, 6, pp. 513-545.