Details about Cristina Arellano

Access statistics for papers by Cristina Arellano.

Last updated 2021-10-05. Update your information in the RePEc Author Service.

Short-id: par171

Working Papers

2021

1. COVID-19 Vaccination and Financial Frictions
   Staff Report, Federal Reserve Bank of Minneapolis
2. Deadly Debt Crises: COVID-19 in Emerging Markets
   Department of Economics Working Papers, Stony Brook University, Department of Economics View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (47)
   Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (28)
3. Micro Risks and (Robust) Pareto Improving Policies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
4. Micro Risks and Pareto Improving Policies with Low Interest Rates
   Staff Report, Federal Reserve Bank of Minneapolis View citations (7)

2020

5. Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
   Also in Staff Report, Federal Reserve Bank of Minneapolis (2020) View citations (13)
   Department of Economics Working Papers, Stony Brook University, Department of Economics (2019) View citations (12)
   Department of Economics Working Papers, Stony Brook University, Department of Economics (2019) View citations (7)
   2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (2)

2019

6. Inflation Targeting with Sovereign Default Risk
   2019 Meeting Papers, Society for Economic Dynamics View citations (1)
   Also in Department of Economics Working Papers, Stony Brook University, Department of Economics (2018) View citations (4)
7. Partial Default
   Staff Report, Federal Reserve Bank of Minneapolis
   Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (2)
   NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (21)
   Discussion Papers, Centre for Macroeconomics (CFM) (2019)

2017

8. Appendix for Financial Frictions and Fluctuations in Volatility
   Staff Report, Federal Reserve Bank of Minneapolis
9. Default Risk, Sectoral Reallocation and Persistent Recessions
   Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (3)
   Department of Economics Working Papers, Stony Brook University, Department of Economics (2017) View citations (4)
   See also Journal Article in Journal of International Economics (2018)
   Chapter (2017)
10. Sovereign Default Risk and Firm Heterogeneity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
11. Sovereign Risk Contagion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2017) View citations (5)
12. Sovereign risk and firm heterogeneity
    Staff Report, Federal Reserve Bank of Minneapolis

2016

13. Financial Frictions and Fluctuations in Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012) View citations (50)
    See also Journal Article in Journal of Political Economy (2019)
14. Fiscal Austerity during Debt Crises
    Staff Report, Federal Reserve Bank of Minneapolis View citations (12)
    See also Journal Article in Economic Theory (2017)
15. Private Leverage and Sovereign Default
    2016 Meeting Papers, Society for Economic Dynamics

2015

16. Envelope Condition Method with an Application to Default Risk Models
    2015 Meeting Papers, Society for Economic Dynamics
    Also in BYU Macroeconomics and Computational Laboratory Working Paper Series, Brigham Young University, Department of Economics, BYU Macroeconomics and Computational Laboratory (2014) View citations (5)
    See also Journal Article in Journal of Economic Dynamics and Control (2016)
17. External and Public Debt Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2015) View citations (6)
    Working Paper Series, Federal Reserve Bank of Chicago (2015) View citations (14)
    See also Chapter (2015)
    Journal Article in NBER Macroeconomics Annual (2016)

2014

18. Credibility and the Maturity of Government Debt
    2014 Meeting Papers, Society for Economic Dynamics
19. Renegotiation Policies in Sovereign Defaults
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
    See also Journal Article in American Economic Review (2014)

2013

20. Linkages across Sovereign Debt Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in 2012 Meeting Papers, Society for Economic Dynamics (2012) View citations (4)
    Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (17)

2012

21. Chronic sovereign debt crises in the Eurozone, 2010-2012
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (22)

2011

22. Financial Markets and Fluctuations in Uncertainty
    2011 Meeting Papers, Society for Economic Dynamics View citations (49)

2010

23. Financial Crises and Fluctuations in Uncertainty
    2010 Meeting Papers, Society for Economic Dynamics
24. World Trade During Financial Crises
    2010 Meeting Papers, Society for Economic Dynamics

2009

25. Firm Dynamics and Financial Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (10)
    Staff Report, Federal Reserve Bank of Minneapolis (2009) View citations (16)
    See also Journal Article in Journal of Monetary Economics (2012)

2008

26. Default and the Maturity Structure in Sovereign Bonds
    2008 Meeting Papers, Society for Economic Dynamics View citations (27)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2008) View citations (14)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (9)
    See also Journal Article in Journal of Political Economy (2012)
27. Default risk and income fluctuations in emerging economies
    MPRA Paper, University Library of Munich, Germany View citations (906)
    See also Journal Article in American Economic Review (2008)
28. Internal Debt Crises and Sovereign Defaults
    Levine's Bibliography, UCLA Department of Economics View citations (22)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (30)
    2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (22)
    See also Journal Article in Journal of Monetary Economics (2014)

2007

29. Contract Enforcement and Firms'd5 FinancingContract Enforcement and Firms'd5 Financing
    Working Papers, Research Seminar in International Economics, University of Michigan
30. Dollarization and Financial Integration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations (7)
    Staff Report, Federal Reserve Bank of Minneapolis (2007) View citations (5)
    2004 Meeting Papers, Society for Economic Dynamics (2004)
    See also Journal Article in Journal of Economic Theory (2010)
31. Enforcement, Incomplete Contracts, and Firm Dynamics
    2007 Meeting Papers, Society for Economic Dynamics

2006

32. Default and the Term Structure in Sovereign Bonds
    2006 Meeting Papers, Society for Economic Dynamics View citations (16)

2005

33. Default Risk, the Real Exchange Rate and Income Fluctuations in Emerging Economies
    2005 Meeting Papers, Society for Economic Dynamics View citations (21)

2002

34. Credit Frictions and "Sudden Stop" in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises
    IDB Publications (Working Papers), Inter-American Development Bank View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (86)
    Research Department Publications, Inter-American Development Bank, Research Department (2002) View citations (74)
35. Fricciones crediticias y 'paradas repentinas' en pequeñas economías abiertas: un marco de equilibrio del ciclo económico para crisis en mercados emergentes
    Research Department Publications, Inter-American Development Bank, Research Department

Journal Articles

2019

1. Financial Frictions and Fluctuations in Volatility
   Journal of Political Economy, 2019, 127, (5), 2049 - 2103 View citations (116)
   See also Working Paper (2016)

2018

2. Default risk, sectoral reallocation, and persistent recessions
   Journal of International Economics, 2018, 112, (C), 182-199 View citations (26)
   See also Working Paper (2017)
   Chapter (2017)

2017

3. Fiscal austerity during debt crises
   Economic Theory, 2017, 64, (4), 657-673 View citations (26)
   See also Working Paper (2016)
4. Introduction to the Special Issue on Models of Debt and Debt Crises
   Economic Theory, 2017, 64, (4), 605-610

2016

5. Envelope condition method with an application to default risk models
   Journal of Economic Dynamics and Control, 2016, 69, (C), 436-459 View citations (9)
   See also Working Paper (2015)
6. External and Public Debt Crises
   NBER Macroeconomics Annual, 2016, 30, (1), 191 - 244 View citations (5)
   See also Chapter (2015)
   Working Paper (2015)

2014

7. Internal debt crises and sovereign defaults
   Journal of Monetary Economics, 2014, 68, (S), S68-S80 View citations (22)
   See also Working Paper (2008)
8. Renegotiation Policies in Sovereign Defaults
   American Economic Review, 2014, 104, (5), 94-100 View citations (5)
   See also Working Paper (2014)

2012

9. Default and the Maturity Structure in Sovereign Bonds
   Journal of Political Economy, 2012, 120, (2), 187 - 232 View citations (241)
   See also Working Paper (2008)
10. Firm dynamics and financial development
    Journal of Monetary Economics, 2012, 59, (6), 533-549 View citations (87)
    See also Working Paper (2009)

2010

11. Dollarization and financial integration
    Journal of Economic Theory, 2010, 145, (3), 944-973 View citations (20)
    See also Working Paper (2007)

2009

12. The dynamic implications of foreign aid and its variability
    Journal of Development Economics, 2009, 88, (1), 87-102 View citations (114)

2008

13. Default Risk and Income Fluctuations in Emerging Economies
    American Economic Review, 2008, 98, (3), 690-712 View citations (881)
    See also Working Paper (2008)

Chapters

2017

1. Default Risk, Sectoral Reallocation, and Persistent Recessions
   A chapter in NBER International Seminar on Macroeconomics 2017, 2017 View citations (3)
   See also Journal Article in Journal of International Economics (2018)
   Working Paper (2017)

2015

2. External and Public Debt Crises
   A chapter in NBER Macroeconomics Annual 2015, Volume 30, 2015, pp 191-244 View citations (10)
   See also Journal Article in NBER Macroeconomics Annual (2016)
   Working Paper (2015)