Research

My research focuses on international economics.

Working Papers

• Inflation in Disaggregated Small Open Economies
  September 2024
  [X - Thread] [arXiv] [Boston Fed WP] Featured: WEO October 2024 IMF [Local PDF], Boston Fed CPP 25-2
• Pandemic-Era Inflation Drivers and Global Spillovers, with di Giovanni, Kalemli-Özcan, and Yıldırım
  July 2024
  [NBER WP] [CEPR WP] [NYFED WP] Slides: Pacific Basin Conference 2024. Featured: Chapter 1 Economic Report of the President 2025.
• Startup Employment and Career Trajectories, with Garcia-Trujillo and Gonzalez-Prieto
  April 2023
  [CBCh WP]

Work in Progress

• Connected for Better or Worse? The Role of Production Networks in Financial Crises, with Miranda-Pinto, Rojas, and Saffie
• Optimal Monetary and Exchange Rate Policy in Disaggregated Small Open Economies
• Sectoral Working Capital Constraints and Measured Total Factor Productivity in Emerging Markets
• Revisiting Terms of Trade Shocks in Small Open Economies, with Miranda-Pinto

Publications

• Commodity Prices and Production Networks in Small Open Economies, with Caraiani, Miranda-Pinto, and Olaya-Agudelo
  Journal of Economic Dynamics and Control, 2024
  [Local PDF] Slides: CEBRA
• Business Cycle Asymmetry and Input-Output Structure: The Role of Firm-to-Firm Networks, with Miranda-Pinto and Young
  Journal of Monetary Economics, 2023
  [Local PDF] Comment by Saki Bigio Featured: Faculti
• Price Controls, Hyperinflation and the Inflation - Relative Price Variability Relationship, with Cerda and Luders
  Empirical Economics, 2020
  [Local PDF]
• Impact of Economic Uncertainty in a Small Open Economy: The Case of Chile, with Cerda and Valente
  Applied Economics, 2017
  [Local PDF]

Other Publications

• Quantifying the Inflationary Impact of Fiscal Stimulus under Supply Constraints, with di Giovanni, Kalemli-Özcan, and Yıldırım
  AEA Papers and Proceedings, 2023
  [Local PDF] [CEPR WP] [NBER WP] [NYFED WP]
• Global Supply Chain Pressures, International Trade, and Inflation, with di Giovanni, Kalemli-Özcan, and Yıldırım
  Proceedings of the ECB Forum on Central Banking: "Challenges for Monetary Policy in a Rapidly Changing World", 2022
  [NBER WP] [CEPR WP] [NYFED WP] Featured: Bloomberg, The Economist, Financial Times, NYFED Blog, VOXEU, Chair Powell's 2024 Jackson Hole Speech. Video: SINTRA Sebnem's Presentation Slides: NBER IFM Meeting Fall 2022.
• Towards Measuring Economic Policy Uncertainty in Latin America: A First Little Step
  Latin American Policy Journal, 2018
  
• School Funding in Chile, with Urzua
  In Ideas en Educación II: Definiciones en Tiempos de Cambio, 2018
  

Discussions

• An Anatomy of U.S. Establishments' Trade Linkages in Global Value Chains, by Flaaen, Kamal, Lee and Yi
  May 2025
  System Committee on International Economic Analysis
• Trade Costs and Inflation Dynamics, by Cuba-Borda, Queralto, Reyes-Heroles, and Skaramucci
  August 2025
  CEBRA Annual Conference

Datasets

I helped to construct two economic uncertainty indices for Chile prior to my Ph.D. I am not in charge of updating them anymore but they are regularly updated. Feel free to use them and remember to cite our work!

1. Chile's Economic Uncertainty Index
2. Chile's Economic Policy Uncertainty Index

Cats

Here are some pictures of our cats Kuina and Zoro. Yep, we like One Piece! Coincidentally, Zoro was almost blind in one eye when we adopted him.