Born 1963, Mexico City, Mexico
Current affiliations: Prof. Econ., Univ. of Maryland, College Park, MD, USA, 2002-;Research Associate, NBER, Cambridge, MA, USA, 2000-;
Previous postions: Resident Scholar, Res. Dept, IMF, Sept. 05-07;Prof. Econ., Duke Univ., 2001-02. Assoc. Prof. Econ., Duke Univ., 1997-01; Senior Economist, Int. Fin. Div., Board of Govs. of the Fed. Res. System, 1994-97;Senior Economist, Economist, Res. Dept., IMF, 1989-97.
Degrees: PhD Univ. of Western Ont., London, Canada, 1989; MA Univ. of Western Ont., London, Canada, 1986; Hons. BA, Anahuac Univ., Mexico City, 1985.
Editorial duties: Co-editor, J Int E., 2002-2007; Ed. Board AER 2001-2006; Assoc. editor, ITPF 1998-2004; Ed. Council, Economia Mexicana, 2000-;
Main publications:1. ‘Real Business Cycles in a Small Open Economy’, AER, 81, Sept. 1991; 2. ‘Effective Tax Rates in Macroeconomics: Cross Country Estimates of Tax Rates on Factor Incomes and Consumption’ (with A Razin and L Tesar), JME, 34, Dec. 1994; 3. ’The Terms of Trade, the Real Exchange Rate and Economic Fluctuations’, Int ER, 36, Feb. 1995; 4.‘Petty Crime, Cruel Punishment: Lessons from the Mexican Debacle’ (with G. Calvo) AER, May 1996; 5. ‘Mexico's Balance of Payments Crisis: A Chronicle of a Death Foretold’ (with G Calvo), J Int E, 41, Nov. 1996; 6. ‘The International Ramifications of Tax Reforms: Supply Side Economics in a Global Economy’ (with L Tesar), AER, 88, March 1998; 7. ‘Rational Contagion and the Globalization of Securities Markets’ (with G Calvo), J Int E, 51, June 2000; 8. ‘Devaluation Risk and the Business Cycle Implications of Exchange Rate Management’ (with M Uribe), Car.-Roch. Conf. Series on Pub. Policy, 53, 2001; 9. ‘Margin Calls, Trading Costs, and Asset Prices in Emerging Markets: The Financial Mechanics of the Sudden Stops Phenomenon’ (with K Smith), JIE, 2006. 10. ‘Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff’ (with C. B. Durdu), JIE 2006, 11. ‘Lessons from the Debt-Deflation Theory of Sudden Stops, AER, May 2006.