Article(electronic)#1December 2020
Price rigidities and the relative PPP
In: Journal of monetary economics, Volume 116, p. 104-116
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Article(electronic)#3November 1, 2017
The Distributional Consequences of Large Devaluations
In: American economic review, Volume 107, Issue 11, p. 3477-3509
ISSN: 1944-7981
We study the impact of large exchange rate devaluations on the cost of living at different points on the income distribution. Poor households spend relatively more on tradeable product categories and consume lower-priced varieties within categories. Changes in the relative price of tradeables and of lower-priced varieties affect the cost of living of low-income relative to high-income households. We quantify these effects following the 1994 Mexican devaluation and show that they can have large distributional consequences. Two years post-devaluation, the cost of living for the bottom income decile rose 1.48 to 1.62 times more than for the top income decile. (JEL D12, D31, E31, F31, O12, O19, O24)
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Article(electronic)#42017
Real Exchange Rates, Income Per Capita, and Sectoral Input Shares
In: NBER Working Paper No. w23705
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Article(electronic)#52017
The Distributional Consequences of Large Devaluations
In: NBER Working Paper No. w23409
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Article(electronic)#62017
Trade Induced Structural Change and the Skill Premium
In: NBER Working Paper No. w23503
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Article(electronic)#72016
Multinational Firms and International Business Cycle Transmission
In: NBER Working Paper No. w22498
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Article(electronic)#82016
Multinational Firms and International Business Cycle Transmission
In: CEPR Discussion Paper No. DP11454
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Article(electronic)#92016
The Distributional Consequences of Large Devaluations
In: University of Zurich, UBS International Center of Economics in Society, Working Paper No. 15
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Article(electronic)#102012
Measured Aggregate Gains from International Trade
In: NBER Working Paper No. w17767
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Article(electronic)#11September 1, 2023
Firm-Embedded Productivity and Cross-Country Income Differences
In: Journal of political economy, Volume 131, Issue 9, p. 2289-2327
ISSN: 1537-534X
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Article(electronic)#12April 2020
Price stickiness along the income distribution and the effects of monetary policy
In: Journal of Monetary Economics, Volume 110, p. 19-32
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Article(electronic)#132020
Firm-Embedded Productivity and Cross-Country Income Differences
In: NBER Working Paper No. w27915
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Article(electronic)#142019
Population Aging and Structural Transformation
In: CEPR Discussion Paper No. DP14026
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Article(electronic)#152019
Population Aging and Structural Transformation
In: NBER Working Paper No. w26327
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