Working Papers

"Innovation, productivity and economic development in Latin America and the Caribbean" coming soon

"On the role of productivity and factor accumulation for economic development in Latin America and the Caribbean" (with Eduardo Fernández-Arias) coming soon

"Imperfect information and savings in a small open economy" (with Agustin Roitman) coming soon

"Public investment in developing countries: A blessing or a curse?" (with Eduardo Cavallo) (submitted)

"Emerging market business cycles revisited: Learning about the trend", International Finance Division Paper #927, Board of Governors of the Federal Reserve System  (with Emine Boz and Bora Durdu) (submitted) Latest version

"Sovereign default risk and volatility" (submitted)

"Regional integration agreements and foreign direct investment" (with Eduardo Levy Yeyati and Ernesto Stein)

Publications

Journal Articles

"Output collapses and productivity destruction", Review of World Economics (Weltwirtschaftliches Archiv), forthcoming 2010. (with Juan Blyde and Eduardo Fernández-Arias) WP version

"The pecking order of cross-border investment", Journal of International Economics, vol. 74(1), January 2008 (with Marcel Fratzscher), also published in Research on global financial stability: the use of BIS international financial statistics, volume 29, Bank for International Settlements.

"The quality of institutions and foreign direct investment", Economics and Politics, vol. 19(3), 2007 (with Ernesto Stein)

"Longitude matters: time zones and the location of foreign direct investment", Journal of International Economics, vol. 71(1), 2007 (with Ernesto Stein)

Contributions to Books and Conference Volumes

"Core labor standards and foreign direct investment in Latin America and the Caribbean: Does lax enforcement of labor standards attract investors?" in Foreign Direct Investment, Nova Science  Publisher, New York, 2009 (with Jacqueline Mazza and Andrew Morrison)

"The FTAA and the location of FDI", in Antoni Estevadoreal, Dani Rodrik, Alan M. Taylor and Andrés Velasco (eds.) Integrating the Americas: FTAA and Beyond, Harvard University Press, 2004 (with Eduardo Levy Yeyati and Ernesto Stein)

"Institutions, integration and the location of foreign direct investment", in New Horizonts of Foreign Direct Investment, OECD Global Forum on International Investment, Paris, France, 2002 (with Ernesto Stein)

"Regional integration and foreign direct investment", in Beyond Borders: The New Regionalism in Latin America, Inter-American Development Bank, 2002 (with Eduardo Levy Yeyati, Stephen Meardon, and Ernesto Stein)

"Foreign direct investment policies", in Competitiveness: The Business of Growth, Inter-American Development Bank, 2001 (with Ernesto Stein)

"Bilateral real exchange rates and volatility: The Uruguayan experience in Mercosur" (in spanish) in José M. Fanelli (ed.) Coordinación de políticas macroeconómicas en el Mercosur, Editorial Siglo XXI, 2001 (with Fernando Lorenzo and Nelson Noya)

Work in progress

"Trend shocks and optimal policy" (with Emine Boz and Bora Durdu) 

"Sectoral productivity dynamics in Latin America and the Caribbean" (with Eduardo Fernández-Arias and Diego Restuccia)

In the media

Clarin interview on crisis and Latin America (in Spanish)

Deutsche Welle on crisis impact in Latin America (sound, in German)

RGE Monitor on public investment.

On Uruguay and the crisis