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Research Papers

Escaping the Losses from Trade: The Impact of Heterogeneity and Skill Acquisition

-with Axelle Ferriere and Ricardo Reyes-Heroles.  November 2023: Draft - Slides

Monetary Operating Procedures: Theory, Evidence, and Policy Analysis

-with Ricardo Lagos. October 2025 Draft  - NBER working paper - conditionally accepted at Econometrica

Research in Progress

Cross-Sectional Labor Dynamics After a Foreign Shock 
The Unemployment Accelerator

-with Andres Blanco.  March 2017: Draft -- Slides

Publications

Fiscal Management of Aggregate Demand: The Effectiveness of Labor Tax Credits

-with Axelle Ferriere. September 2025: IMF Economic Review --- linkDraft

Self-fulfilling Debt Crises with Long-Stagnations

-with Joao Ayres, Juan Pablo Nicolini, and  Pedro Teles. June 2024: Journal of Political Economy --- linkDraft

The Heterogeneous Effects of Government Spending: It's all About Taxes

-with Axelle Ferriere.  April 2024: Review of Economic Studies --- link - Draft 

Sectoral Shocks, Reallocation, and Labor Market Policies

-with Joaquin Garcia-Cabo and Anna Lipinska. European Economic Review, July 2023--- linkDraftWorking Paper 

On the Optimal Design of Transfers and Income-Tax Progressivity

-with Axelle Ferriere, Philipp Grübener, and Oliko Vardishvili.  June 2023: JPE Macro  --- link - Draft 

Foreign Effects of Higher U.S. Interest Rates

-with Matteo Iacoviello.  July 2019: Journal of International Money and Finance --- link --  Working Paper -- Slides

                                 Bloomberg article

Sovereign Default: The Role of Expectations

-with Joao Ayres, Juan Pablo Nicolini, and Pedro Teles.  May 2018: Journal of Economic Theory --- link -- Working Paper -- Slides

The Argentine Economy After Two Centuries

-with Francisco Buera and Juan Pablo Nicolini.  November 2011: Latin American Journal of Economics --- link

© 2026 by Gaston Navarro

 Views are my own and do not necessarily reflect those of the Board of Governors or the Federal Reserve System.

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