Details about Guillermo L. Ordonez

Access statistics for papers by Guillermo L. Ordonez.

Last updated 2023-04-25. Update your information in the RePEc Author Service.

Short-id: por40

Working Papers

2025

1. How to Sell Public Debt in Uncertain Times
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Information-Concealing Credit Architecture
   NBER Working Papers, National Bureau of Economic Research, Inc

2024

3. Business, Liquidity, and Information Cycles
   NBER Working Papers, National Bureau of Economic Research, Inc
4. Technological Progress and Rent Seeking
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2023

5. Information Dynamics and Macro Fluctuations
   NBER Working Papers, National Bureau of Economic Research, Inc

2022

6. Information Spillovers and Sovereign Debt: Theory Meets the Eurozone Crisis
   PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (3)

2021

7. Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data, Journal of Political Economy, University of Chicago Press (2022) View citations (8) (2022)
8. Saving Rates and Savings Ratios
   EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF)
   See also Journal Article Saving Rates and Savings Ratios, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2022) (2022)
9. The Two Faces of Information
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in 2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (1)

2020

10. Corona Politics:The cost of mismanaging pandemics
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (18)
    Also in Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2020) View citations (23)
11. Information Spillovers in Sovereign Debt Markets
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (6)
12. Interbank Networks in the Shadows of the Federal Reserve Act
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in 2019 Meeting Papers, Society for Economic Dynamics (2019) View citations (2)
13. Savings Rates: Up or Down?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
14. Savings and Saving Rates: Up or Down?
    NBER Working Papers, National Bureau of Economic Research, Inc
15. The Collateral Link between Volatility and Risk Sharing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
16. The Macroprudential Role of Stock Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2019

17. Retirement in the Shadow (Banking)
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2017)
    2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (1)
18. The Effects of Imposing a Central Counterparty in a Network
    2019 Meeting Papers, Society for Economic Dynamics

2018

19. A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in 2017 Meeting Papers, Society for Economic Dynamics (2017)
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2017)
20. Aggregate Information Dynamics
    2018 Meeting Papers, Society for Economic Dynamics View citations (1)

2017

21. Network Reactions to Banking Regulations
    2017 Meeting Papers, Society for Economic Dynamics View citations (14)
    See also Journal Article Network reactions to banking regulations, Journal of Monetary Economics, Elsevier (2017) View citations (13) (2017)

2016

22. Fighting Crises
    NBER Working Papers, National Bureau of Economic Research, Inc
23. Good Booms, Bad Booms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (6)
    See also Journal Article Good Booms, Bad Booms, Journal of the European Economic Association, European Economic Association (2020) View citations (33) (2020)
24. How Central Banks End Crises
    2016 Meeting Papers, Society for Economic Dynamics
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2014) View citations (3)
25. Online Appendix to "Deceptive Redistribution"
    Online Appendices, Review of Economic Dynamics
    See also Journal Article Deceptive Redistribution, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) (2016)

2014

26. Banks as Secret Keepers
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (28)
    See also Journal Article Banks as Secret Keepers, American Economic Review, American Economic Association (2017) View citations (155) (2017)
27. Crises and Productivity in Good Booms and in Bad Booms
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (9)
28. Debt Crises: For Whom the Bell Tolls
    2014 Meeting Papers, Society for Economic Dynamics View citations (1)
29. Optimal Regulation in the Presence of Reputation Concerns
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012) View citations (11)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (19)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (4)
    See also Journal Article Optimal Regulation in the Presence of Reputation Concerns, The Quarterly Journal of Economics, President and Fellows of Harvard College (2015) View citations (14) (2015)
30. Political Booms, Financial Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2014) View citations (14)
    2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (1)
    CESifo Working Paper Series, CESifo (2014) View citations (14)
    Discussion Papers in Economics, University of Munich, Department of Economics (2014) View citations (16)
    See also Journal Article Political Booms, Financial Crises, Journal of Political Economy, University of Chicago Press (2020) View citations (23) (2020)

2013

31. Debt: Deleveraging or Default
    2013 Meeting Papers, Society for Economic Dynamics View citations (1)
32. Sustainable Shadow Banking
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    See also Journal Article Sustainable Shadow Banking, American Economic Journal: Macroeconomics, American Economic Association (2018) View citations (25) (2018)
33. The Supply and Demand for Safe Assets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (54)
    See also Journal Article The supply and demand for safe assets, Journal of Monetary Economics, Elsevier (2022) View citations (16) (2022)
34. Uncertainty as Commitment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in NBP Working Papers, Narodowy Bank Polski (2013) View citations (4)
    See also Journal Article Uncertainty as commitment, Journal of Monetary Economics, Elsevier (2016) View citations (24) (2016)

2012

35. Collateral Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (1)
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2011) View citations (3)
    See also Journal Article Collateral Crises, American Economic Review, American Economic Association (2014) View citations (50) (2014)
36. Confusion as Commitment
    2012 Meeting Papers, Society for Economic Dynamics
37. Deceptive Redistribution
    Working Papers, University of Notre Dame, Department of Economics
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011)
    See also Journal Article Deceptive Redistribution, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) (2016)
38. Secret Keeping Intermediaries
    2012 Meeting Papers, Society for Economic Dynamics
39. The Asymmetric Effects of Financial Frictions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article The Asymmetric Effects of Financial Frictions, Journal of Political Economy, University of Chicago Press (2013) View citations (31) (2013)

2010

40. Confidence Banking
    2010 Meeting Papers, Society for Economic Dynamics

2009

41. Fragility of reputation and clustering of risk-taking
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (3)
    See also Journal Article Fragility of reputation and clustering of risk-taking, Theoretical Economics, Econometric Society (2013) View citations (1) (2013)
42. Larger crises, slower recoveries: the asymmetric effects of financial frictions
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
43. Reputation from nested activities: the inefficient effects of scapegoating
    Staff Report, Federal Reserve Bank of Minneapolis

2008

44. Essays on Learning and Macroeconomics
    Levine's Working Paper Archive, David K. Levine View citations (2)
45. Why Are Wages Smoother Than Productivity? An Industry-Level Analysis
    2008 Meeting Papers, Society for Economic Dynamics View citations (1)

2006

46. Slow(er) boom, sudden crash: Asymmetry on lending rates and financial frictions
    2006 Meeting Papers, Society for Economic Dynamics

2005

47. Don't Ask Why Things Went Wrong: Nested Reputation and Scapegoating Inefficiency
    Levine's Working Paper Archive, David K. Levine

2004

48. EMU effect on Trade: What’s in it for the UK?
    Econometric Society 2004 Latin American Meetings, Econometric Society

Journal Articles

2022

1. Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data
   Journal of Political Economy, 2022, 130, (8), 2055 - 2109 View citations (8)
   See also Working Paper Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data, NBER Working Papers (2021) (2021)
2. Saving Rates and Savings Ratios
   Review of Economic Dynamics, 2022, 46, 365-381
   See also Working Paper Saving Rates and Savings Ratios, EIEF Working Papers Series (2021) (2021)
   Software Item Code and data files for "Saving Rates and Savings Ratios", Computer Codes (2021) (2021)
3. Sovereign Debt Auctions in Turbulent Times
   AEA Papers and Proceedings, 2022, 112, 526-30
4. The supply and demand for safe assets
   Journal of Monetary Economics, 2022, 125, (C), 132-147 View citations (16)
   See also Working Paper The Supply and Demand for Safe Assets, NBER Working Papers (2013) View citations (54) (2013)

2020

5. Fighting Crises with Secrecy
   American Economic Journal: Macroeconomics, 2020, 12, (4), 218-45 View citations (7)
6. Good Booms, Bad Booms
   Journal of the European Economic Association, 2020, 18, (2), 618-665 View citations (33)
   See also Working Paper Good Booms, Bad Booms, NBER Working Papers (2016) View citations (51) (2016)
7. Political Booms, Financial Crises
   Journal of Political Economy, 2020, 128, (2), 507 - 543 View citations (23)
   See also Working Paper Political Booms, Financial Crises, NBER Working Papers (2014) View citations (15) (2014)

2019

8. Leverage dynamics and credit quality
   Journal of Economic Theory, 2019, 183, (C), 183-212 View citations (5)

2018

9. Confidence banking and strategic default
   Journal of Monetary Economics, 2018, 100, (C), 101-113 View citations (2)
10. Sustainable Shadow Banking
    American Economic Journal: Macroeconomics, 2018, 10, (1), 33-56 View citations (25)
    See also Working Paper Sustainable Shadow Banking, NBER Working Papers (2013) View citations (19) (2013)

2017

11. Banks as Secret Keepers
    American Economic Review, 2017, 107, (4), 1005-29 View citations (155)
    See also Working Paper Banks as Secret Keepers, PIER Working Paper Archive (2014) View citations (17) (2014)
12. Network reactions to banking regulations
    Journal of Monetary Economics, 2017, 89, (C), 51-67 View citations (13)
    See also Working Paper Network Reactions to Banking Regulations, 2017 Meeting Papers (2017) View citations (14) (2017)
13. Propagación de información entre países
    Journal Economía Chilena (The Chilean Economy), 2017, 20, (2), 090-127

2016

14. Deceptive Redistribution
    Review of Economic Dynamics, 2016, 22, 223-239
    See also Working Paper Online Appendix to "Deceptive Redistribution", Online Appendices (2016) (2016)
    Working Paper Deceptive Redistribution, Working Papers (2012) (2012)
15. Uncertainty as commitment
    Journal of Monetary Economics, 2016, 80, (C), 124-140 View citations (24)
    See also Working Paper Uncertainty as Commitment, NBER Working Papers (2013) View citations (10) (2013)

2015

16. Optimal Regulation in the Presence of Reputation Concerns
    The Quarterly Journal of Economics, 2015, 130, (1), 415-464 View citations (14)
    See also Working Paper Optimal Regulation in the Presence of Reputation Concerns, CEPR Discussion Papers (2014) View citations (8) (2014)

2014

17. Collateral Crises
    American Economic Review, 2014, 104, (2), 343-78 View citations (50)
    See also Working Paper Collateral Crises, NBER Working Papers (2012) View citations (13) (2012)

2013

18. Fragility of reputation and clustering of risk-taking
    Theoretical Economics, 2013, 8, (3) View citations (1)
    See also Working Paper Fragility of reputation and clustering of risk-taking, Staff Report (2009) View citations (2) (2009)
19. Reputation from nested activities
    Economic Theory, 2013, 52, (3), 915-940 View citations (1)
20. The Asymmetric Effects of Financial Frictions
    Journal of Political Economy, 2013, 121, (5), 844 - 895 View citations (31)
    See also Working Paper The Asymmetric Effects of Financial Frictions, NBER Working Papers (2012) View citations (1) (2012)

2011

21. Which workers get insurance within the firm?
    Journal of Monetary Economics, 2011, 58, (6), 632-645 View citations (19)

2003

22. The currency union effect on trade: early evidence from EMU
    (A theoretical foundation for the gravity equation)
    Economic Policy, 2003, 18, (37), 315-356 View citations (306)

2002

23. Financial Liberalization: Does It Pay to Join the Party?
    Economía Journal, 2002, Volume 3 Number 1, (Fall 2002), 231-262 View citations (27)

Chapters

2018

1. Global Information Spillovers
   Chapter 05 in Monetary Policy and Global Spillovers: Mechanisms, Effects and Policy Measures, 2018, vol. 25, pp 137-181 View citations (1)

Software Items

2021

1. Code and data files for "Saving Rates and Savings Ratios"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Saving Rates and Savings Ratios, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2022) (2022)