Professor, Departement of
Economics and Department of Political Science, Universidad del
Cema (Ucema), May 1995– (graduate courses: Political Economy; Research Workshop; undergraduate courses: Political
Analysis, History of
Economic & Social Thought) Director of
Research, Ucema, February
1996- Editor, Journal of Applied Economics (Jae), Ucema, November
2008– ; co-editor,
November 2001–October 2008;
Editorial Board,
May 1999–October 2001 Editor,
Serie Documentos de Trabajo
(D.T.), Ucema, April 2007– Academic Councilor, Centro para
la Apertura y el Desarrollo de América Latina (CADAL),
November 2013–
Education
1993Ph.D. in Economics, U.C. Berkeley 1989MA in Economics, U.C. Berkeley 1981Licenciado en Economía,
Universidad de Buenos Aires (UBA)
Topics of interest
Political Economy, Institutions, Economic Development,
Information Economics
Journal articles
16.“Electoral cycles
in international reserves: Evidence from Latin America and the
OECD”, with Daniel Lema and Pablo Garofalo, Revista de Economía
del Banco Central del Uruguay, vol. 20, no. 2, pp. 27-60,
November 2013 [working paper
version: D.T.
526, Ucema,
October 2013] 15. “Making rules credible: Divided
government and political budget cycles”, with Gustavo Torrens, Public Choice, vol.
156, no. 3-4, pp. 703-722, September 2013[D.T. 395, Ucema, April
2009]. 14. “Temporal aggregation in
political budget cycles”, with Daniel Lema and Pablo Garofalo, Economía, Journal of the Latin American
and Caribbean Economic Association, vol. 13., no 1, pp. 39-78,
Fall 2012 [D.T. 403, Ucema, August 2009] 13. “Checks and balances on political budget cycles:
Cross-country evidence”, with Daniel Lema and Gustavo Torrens, Kyklos, vol. 62, no. 3, pp.
425-446, August 2009
[working paper version: D.T. 286, Ucema, February 2005]
12. “Separation of powers and political budget cycles”, with
Alejandro D. Saporiti, Public Choice, vol. 137, no.
1/2, pp. 329-345, October 2008 [D.T. 251, Ucema, November 2003] 11.
“Economic development as a matter of political geography”, with
Pablo F. Druck, Estudios de Economía, vol.
34, no. 1, pp. 5-20, June 2007 [D.T. 182, Ucema, January 2001]
10. “Real exchange rate cycles
around elections”, with Ernesto H. Stein and Piero Ghezzi, Economics & Politics, vol.
17, no. 3, pp. 297-330, November 2005
[ D.T. 174, Ucema, August 2000]
9. “Signaling in political budget cycles. How far are you willing to
go?”, Journal of Public Economic Theory, vol. 7, no. 2, pp.
229-252, May 2005 [D.T. 193, Ucema, July 2001]
8. “Elections and the timing of devaluations”, with Ernesto H.
Stein, Journal of International Economics, vol. 63, no. 1,
pp. 119-145, May 2004 [D.T. 140, Ucema, January 1999]
7. “Political uncertainty and economic underdevelopment”, Estudios
de Economía, vol. 28, no. 1, pp. 89-114, June 2001
[D.T. 168, Ucema, May 2000]
6. “Reelection or term limits? The short and the long view of
economic policy”, Estudios de Economía, vol. 26, no.
2, pp. 187-206, December 1999 [D.T. 144, Ucema, March 1999]
5. “Y, si no hay más remedio ... Inflación,
desconfianza y la desintegración del sistema financiero en
Argentina”, Desarrollo Económico, vol. 38, pp.
199-214, Fall 1998 [D.T. 128, Ucema, April 1998]
4. “Political stabilization cycles in high inflation economies”,
with Ernesto Stein, Journal of Development Economics, vol.
56, pp. 159-180, June 1998 [D.T. 123, CEMA, October 1997;
CIDER W.P., U.C. Berkeley, August 1994]
3. “Economías de escala y utilización de la capacidad
instalada: evidencia empírica de los bancos minoristas en
Argentina”, with Laura D'Amato, Monetaria, vol. 18, no. 2,
pp.149-170, April 1995; “Economies of scale and utilization of
installed capacity: empirical evidence from retail banks in
Argentina”, Money Affairs, vol. 8, no. 1, pp. 97-117, June
1995 [D.T. 108, CEMA, November 1995]
2. “Una función de costos para la industria bancaria” , with
Laura D'Amato, Beatriz López and Fabiana Penas, Económica,
vol. 40, no. 2, pp. 1-33, December 1994
1. “Influencia de la estabilización de precios sobre la
recaudación tributaria” , with Jorge Domper, Ensayos
económicos, no. 38, pp. 45-84, October 1987. Reprinted
in Omar O. Chisari, ed., Aspectos fiscales de la
inflación, Academia Nacional de Ciencias de Buenos
Aires, 1989
Chapters
in books and other publications
8.
“Evaluaciones encontradas sobre el desempeño
económico argentino 2003-2013”, in Carlos Gervasoni and
Enrique Peruzzotti, editors, ¿Década ganada?
Evaluando el legado del kirchnerismo, Buenos Aires, Debate,
January 2015 7.
“Ciclos electorales en política fiscal”, with Daniel Lema,
in Osvaldo Meloni, editor, Progresos en economía
politica de la política fiscal (Colección
Progresos en Economía – AAEP), Buenos Aries, Temas,
November 2013 [D.T. 514, Ucema, June 2013] 6. “La economía
política de la política fiscal”, with Gustavo
Torrens, in Fernando Navajas and Alberto Porto, editors, Progresos en economía
del sector público (Colección Progresos en
Economía – AAEP), Buenos Aires, Edicon, October 2011 [D.T.
455, Ucema, May 2011]
5. “Corporate bond markets in Argentina”, with Roque B.
Fernández and Sergio Pernice, in E. Borensztein, K. Cowan, B.
Eichengreen and U. Panizza, eds., On the Verge of a
Big Bang? Bond Markets in Latin America, chapter 4, pp.
89-117, Cambridge, MA, MIT Press, 2008 [D.T. 348, Ucema,
April 2007] 4. “Estabilización económica e
incentivos políticos”, in Daniel Heymann, editor, Progresos en macroeconomía (Colección
Progresos en Economía - AAEP), pp. 179-236, Buenos Aires,
Editorial Temas, November 2007
3. “The effect of bank relationships on credit for firms in
Argentina”, with Javier Bolzico, Pablo Druck, Alejandro Henke,
Javier Rutman and Walter Sosa Escudero, in Arturo Galindo and Fabio
Schiantarelli, editors, Credit
Constraints and Investments in Latin America, chapter
2, pp. 23-69, Inter-American Development Bank, Washington, D.C.,
2003 [D.T. 216, Ucema, May 2002; IADB Research Network WP R-444, May
2002] 2. “La
racionalidad en economía”, Ciencia Hoy, vol. 8, no.
48, pp. 32-36, October 1998 [D.T. 139, Ucema, November 1998]
1. On the political economy of inflation, Ph.D.
dissertation, U.C. Berkeley, May 1993
Unpublished
working papers
20. “Los desafíos
económicos del gobierno de Cambiemos: lo urgente y lo
importante”, Documento 146, Centro para la Apertura y el
Desarrollo de América Latina (CADAL), December 2015.
19. “Nash’s
interpretations of equilibrium: Solving the objections to
Cournot”, .Documento
de Trabajo (D.T.) 575, Ucema, November 2015.
18. “Nash, el último fundador
de la teoría de juegos, y la evolución del concepto
de equilibrio desde Cournot”, D.T. 572,
October 2015.
17. “Optimal Relevance in Imperfect
Information Games”, D.T. 570, October
2015.
16. “Una política de
seguridad que desoye a los ciudadanos: Argentina 2003-2015”, with
Sybil Rhodes, Documento 144, CADAL, September 2015.
15. “Meaningful talk”, with Gustavo Torrens,
Working Paper 571, Inter-American Development Bank, February 2015
[D.T.443, Ucema, March 2014].
14. “El estado de derecho y la
observancia de la ley por los funcionarios de gobierno en
Argentina”, with Sybil Rhodes, Documento 140, CADAL, December
2014. 13. “Party
alignment and political budget cycles: The Argentine provinces”,
with Daniel Lema [D.T. 520, Ucema, September 2013].
12. “Honesty, lemons, and symbolic signals”, con Gustavo Torrens
[D.T. 492, Ucema, July 2012]
11. “Hume: The power of abduction and simple observation in
economics” [D.T. 417, Ucema, March 2010]
10. “Determinants of the development of corporate bond markets in
Argentina: One size does not fit all”, with Roque Fernández
and Sergio Pernice [D.T. 348, Ucema, April 2007]. 9. “Corporate
bonds, asset-backed securities and deferred checks in Argentina”,
with Alejandro Bedoya, Roque Fernández, Celeste
González and Sergio Pernice [D.T. 347, Ucema, April 2007] Databases: asset-backed
securities, deferred checks 8. “Determinants of the development of
corporate bond markets in Argentina: Survey to firms and investors”, with María
Alegre and Sergio Pernice [D.T. 345, Ucema, April 2007] 7. “Database of corporate bonds from Argentina”, with Alejandro Bedoya, Celeste González,
Sergio Pernice, Alejo Czerwonko and Leandro Díaz
Santillán [D.T. 344, Ucema, April 2007] Database: corporate bonds 6. “Loan and bond finance in Argentina, 1985-2005”, with Roque B. Fernández, Celeste
González and Sergio Pernice [D.T. 343, Ucema, April 2007]
5. “Job market signals and signs” [D.T. 326, Ucema, August 2006]
4. “Currency substitution, capital flight, and real exchange
rates” [D.T. 113, CEMA, July 1996]
3. “The politics of wage decisions. Union cooperation or harassment”
[D.T. 103, CEMA, May 1995]
2. “Convertibilidad y sistema financiero” , with Beatriz
López [manuscript, BCRA, September 1993]
1. “Déficit del sector público. Metodologías
alternativas de medición”, with Norma Riavitz and Liliana
Schumacher [Serie de Finanzas Públicas, BCRA, November 1989]
Teaching
experience
Visiting Professor,
Political Economy: Insper, São Paulo, 2010; Universidad
Nacional de Tucumán, 1998-2003; and Universidad del
Pacífico, Lima, 2002
Visiting Professor, Research Methodology: Universidad Nacional de
San Luis, 2009, 2007, and 2004
Visiting Professor, Political Economy and other courses:
Universidad Torcuato Di Tella, Universidad de San Andrés,
UBA and Instituto de Desarrollo Económico y Social,
1990-1995
Assistant Professor, Comparative Economic Systems: UBA, 1985-1987;
TA, 1981-1984
Assistant Professor, History of Economic Thought: Universidad
Católica Argentina, 1982
Professional experience
Visiting Scholar,
Inter-American Development Bank, December 2014-March 2015. Member of Board,
Asociación Argentina de Economía Política,
2002-2004. Coordinator, Master en
Economía de Gobierno / Posgrado en Economía
Pública, Ucema, May 1995-March 2001 Consultant, Inter-American Development
Bank (IADB), August 1998, July-August 1997, February-March 1996 Visiting Economist, Federal Reserve Bank
of Dallas, November 1996 Deputy Manager, Gerencia de
Administración de Reservas, Banco Central de la
República Argentina (BCRA), February 1994-May 1995;
Analyst, Gerencia de Investigaciones Económicas, August
1992-February 1994 Research Assistant, U.C. Berkeley,
summers of 1992, 1989 and 1988 Head, Departamento de Financiamiento del
Sector Público, Gerencia de Finanzas Públicas, BCRA,
September 1989-January 1991; several positions, December
1982-August 1987 Research Fellowship, CONICET,
February-November 1982 Statistical Assistant,
Fundación de Investigaciones Económicas
Latinoamericanas (FIEL), December 1979-February 1981
Evaluation
experience
Editorial Board: Estudios Económicos(UNS); Explanans. Sociales,
Economía y Ciencia
Política
Referee: American Journal of Political
Science; Bulletin
of Economic Research; Contemporary
Economics; Cuadernos de Economía;
Desarrollo Económico; Economía, Journal of the
Latin American and Caribbean Economic Association; Económica (La
Plata); Economics & Politics; Economics Letters; Estudios Gerenciales; European Journal of Political
Economy; FinanzArchiv;
International Tax and Public
Finance;Journal of Applied Economics;
Journal of Banking & Finance; Journal
of Development Economics;Journal of Law,
Economics, and Organization;Manchester
School; Public Choice; Quarterly Review of Economics and
Finance; Revista
de Economía Política de Buenos Aires; Scottish
Journal of Political Economy ; Trimestre Económico Jury Member, History of Economic
Thought Professorship Contestants, Facultad de Ciencias
Económicas, Universidad de Buenos Aires, 2011 and 2012
President, Evaluation Comittee, Asociación Argentina de
Economía Política (AAEP), 2010, 2009, 2008 and 2007; Member, Evaluation Comittee AAEP, 2006 Referee for congresses: AAEP 2015,
2014, 2013,
2005;CNEPE
2015,
2011, 2009, 2007, 2005 and 2003; LACEA 2004 and 2003 Evaluator, 2011, 2008,
2007, and 2004 Call for Research Projects
in Science and Technology, Argentina. Peer Evaluator of Graduate
Programs in Economics: Acreditación de Posgrados, CONEAU,
Argentina, 2001 and 2000; Comisión de Acreditación
de Posgrados, Ministerio de Cultura y Educación, Argentina,
1995 Jury Member, Economics III Professorship Contestants,
Facultad de Ciencias Económicas, Universidad de Buenos
Aires, 1999
Evaluator, 1998 Awards for Advanced Study in the UK, The British Embassy, The British Council and
Fundación Antorchas, Buenos Aires, 1998
Grants and research
projects
Director, Project on “Electoral Cycles
in Fiscal and Monetary Policy in Latin America: The Influence of Budgetary and Monetary Institutions”,
FONCyT, 2007 (PICT 2005, Project 34790). Researcher, Country Project
on Argentina, Research
Network Project on “Development of Latin-American Bond Markets”,
IADB, 2005. President Local Organizing Committee,
2001 Annual Meeting of the Asociación Argentina de
Economía Política (FONCyT grant RC2001-0688). Director,
Country Project on Argentina, Research
Network Project on “Determinants and Consequences of Financial
Constraints Facing Firms in Latin America and the Caribbean”, IADB, 2000
Scholarships and
fellowships
John H. Wheeler and Elliot H. Wheeler
Fellowship for distinguished academic record, U.C. Berkeley,
1991-1992 academic year Scholarship, BCRA, to attend the Masters
Program in Economics, U.C. Berkeley, 1987-89