JOAO AYRES
  • Home
  • Research
  • CV
Peer Reviewed Publications

Firm Entry and Exit during Recessions, with Gajendran Raveendranathan.
Review of Economic Dynamics​, forthcoming
(previously circulated under the titles The Firm Dynamics of Business Cycles and Firm Exit during Recessions)
Download published version

Current version: IDB Working Paper Series No. IDB-WP-1254
Previous versions: 
IDB Working Paper Series No. IDB-WP-1117, Department of Economics Working Papers 2018-16, McMaster University

Real Exchange Rates and Primary Commodity Prices, with Constantino Hevia and Juan Pablo Nicolini.
Journal of International Economics, vol. 122, Article 103261, 2020.
Download published version
Current version: IDB Working Paper Series No. IDB-WP-1063
Previous versions: Minneapolis Fed Staff Report 584, Minneapolis Fed Working Paper 743
Download additional material: slides, codes

Sovereign Default: The Role of Expectations, with Gaston Navarro, Juan Pablo Nicolini, and Pedro Teles.
Journal of Economic Theory, vol. 175, pp. 803-812, 2018.
Download published version
Previous versions: Minneapolis Fed Working Paper 723

Download additional material: slides, codes​


Book Chapters

The Monetary and Fiscal History of Brazil, 1960-2017, with Marcio Garcia, Diogo Guillén, and Patrick Kehoe
In A Monetary and Fiscal History of Latin America, 1960-2017, ed. Timothy J. Kehoe and Juan Pablo Nicolini
University of Minnesota Press, 2022
.

Link to chapter, Link to book
Previous versions: Becker Friedman Institute for Economics Working Paper No. 2018-66, Minneapolis Fed Staff Report 575, NBER Working Paper No. 25421, CFM Discussion Paper No. CFM-DP2019-02, ​IDB Working Paper Series No. IDB-WP-990
​

Working Papers

Real Exchange Rates and Primary Commodity Prices: Mussa meets Backus-Smith, with Constantino Hevia and Juan Pablo Nicolini.
Submitted
September 2021
Current version: Minneapolis Fed Working Paper 781
Previous version: NBER IFM Spring 2021


Self-Fulfilling Debt Crises with Long Stagnations, with Gaston Navarro, Juan Pablo Nicolini, and Pedro Teles.
Submitted
April 2019
Current version:
Minneapolis Fed Working Paper 757

​Firm Knowledge and International Real Business Cycles
Under review
(previously circulated under the title Knowledge Flows and Dark Matter)
February 2018
​Download paper


Work in Progress

Multiplicity in Sovereign Default Models: Calvo Meets Cole-Kehoe, with Radek Paluszynski and Georgios Stefanidis.


Dormant Research

Price Setting in a Variable Macroeconomic Environment: Evidence from Brazilian CPI, with Rebecca Barros, Marco Bonomo, Carlos Carvalho, and Silvia Matos.
​
Yet More Heterogeneity in Price Stickiness, Yet Larger Monetary Non-Neutralities, with Carlos Carvalho.


Discussions

Self-Fulfilling Debt Crises, Revisited, by Mark Aguiar, Satyajit Chatterjee, Harold Cole, and Zachary Stangebye,
Sovereign Debt Workshop, Richmond Fed, August 2020. 
[slides]


Copyright © 2015
  • Home
  • Research
  • CV