Working papers 

"Fiscal Procyclicality in Commodity Exporting Countries:  How Much Does it Pour and Why? (with Francisco Arroyo), NBER Working Paper No. 31431 (July 2023).

"We Are Not in a Gaussian World Anymore:  Implications for the Composition of Official Foreign Assets" (with Juan Pablo Medina, Daniel Riera-Crichton, and Guillermo Vuletin), unpublished manuscript, Johns Hopkins University (May 2023).

"Procyclical Fiscal Policy and Asset Market Incompleteness" (with Andres Fernandez, Daniel Guzman, and Ruy Lama) NBER Working Paper 29149 (August 2021).

"Policy Implications of Non-Linear Effects of Tax Changes on Output," (with Samara Gunter, Daniel Riera-Crichton, and Guillermo. Vuletin), NBER Working Paper 28646 (April 2021).

"Can Automatic Government Spending be Procyclical?" (with Luciana Galeano, Alejandro Izquierdo, Jorge Puig, and Guillermo Vuletin), NBER Working Paper No 28521 (March 2021).

"Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Investigation," (with Alejandro Izquierdo, Ruy Lama, Juan Pablo Medina, Jorge Puig, Daniel Riera-Chricton, and Guillermo Vuletin), NBER Working Paper No. 26478 (November 2019).

"Do Tax Increases Always Contract Economies?" (with Samara Gunter, Daniel Riera-Crichton, Carlos Vegh, and Guillermo Vuletin), Brookings Institution (February 2019)

"Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?" (with Ethan Ilzetzki), NBER Working Papers No. 14191 (July 2008). 

One Hundred Years of Fiscal Procyclicality in Uruguay, “ discussion on “The Case of Uruguay,” by Gabriel Oddone and Joaquin Marandino, in Timothy Kehoe and Juan Pablo Nicolini, eds., A Monetary and Fiscal History of Latin America, 1960-2017 (University of Minnesota Press,, 2021), pp. 485-491.