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Journal Articles

Financial Crises, Dollarization and Lending of Last Resort in Open Economies, forthcoming at the American Economic Review (with G. Lorenzoni) [paper
Exchange Rate Policies at the Zero Lower Bound, forthcoming at the Review of Economic Studies (with M. Amador, J. Bianchi and F. Perri)  [paper
Self-Fulfilling Debt Crises: A Quantitative Analysis, American Economic Review, 109, December 2019, pp.4343-4377 (with A. Dovis) [paper] [online appendix] [data and codes]
Quantitative Sovereign Default Models and the European Debt Crisis, Journal of International Economics, 118, May 2019, pp 20-30 (with G. Bornstein and A. Dovis) [paper] [data and codes]
Assessing DSGE Model Nonlinearities, Journal of Economic Dynamics and Control, 83, October 2017, pp 34-54 (with B. Aruoba and F. Schorfheide) [paper] [data and codes]
Reverse Speculative Attacks, Journal of Economic Dynamics and Control, 83, November 2016, pp 125-137 (with M. Amador, J. Bianchi and F. Perri) [paper] [data and codes
The Pass-Through of Sovereign Risk, Journal of Political Economy, 124 (4), August 2016, pp 879-926  [paper] [online appendix] [data and codes] [The Region]
Trade and Business-Cycle Comovement: Evidence from the EU, Rivista di Politica Economica, November-December 2006  [paper]

Working Papers

Imperfect Risk Sharing and the Business Cycle (with D. Berger and A. Dovis) [Updated, June 2020][slides]
Risk Sharing Externalities (with G. Lorenzoni) [April 2020] [slides]
Sovereign Default Risk and Firm Heterogeneity (with C. Arellano and Y. Bai) [July 2019] [slides]

Selected Work in Progress

Foreign Reserve Management (with M. Amador, J. Bianchi and F. Perri) [slides]
Accounting for Heterogeneity (with D. Berger, G. Bornstein and A. Dovis)