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Academic Papers


"Imperfect Information Transmission from Banks to Investors: Macroeconomic Implications"

Journal of Monetary Economics

Authors: Nicolás Figueroa; Oksana Leukhina

"Information, Market Power and Price Volatility"

RAND Journal of Economics, forthcoming.

Authors: Tibor Heumann (PUC Chile); Dirk Bergemann (Yale University) y Stephen Morris (MIT).

"The DNA of New Exporters: Spin-Offs and FDI at the Extensive Margin of Trade"

American Economic Review: Insights, September 2020. Volume 2, No. 3.

Authors: Sebastián Claro (PUC Chile), Bernardo Blum (Rotman School of Management, University of Toronto); Ignatius Horstmann (Rotman School of Management, University of Toronto) y Trevor Tombe ( University of Calgary).

"Vintage-specific driving restrictions"

Review of Economic Studies, July 2020. Volume 87, Issue 4. Pages 1646–1682.

Authors: Francisco Gallego (PUC Chile), Juan-Pablo Montero (PUC Chile) and Nano Barahona (Stanford University).


"Collective action in networks: Evidence from the Chilean student movement"

Journal of Public Economics, August 2020. Volume 188.

Author: Felipe González (PUC Chile).

"Parental monitoring and children’s internet use: The role of information, control, and cues"

Journal of Public Economics, August 2020. Volume 188.

Authors: Francisco Gallego (PUC Chile); Ofer Malamud (Northwestern University) y Cristian Pop-Eleches (Columbia University).

"The privatization origins of political corporations: Evidence from the Pinochet regime"

Journal of Economic History, June 2020. Volume 80, Issue 2. Pages 417-456.

Authors: Felipe González (PUC Chile); Mounu Prem (Universidad del Rosario) y Francisco Urzúa I. (Cass Business School).

"A game theoretic analysis of voluntary euthanasia and physician assisted suicide"

Economic Inquiry, April 2020. Volume 58, Issue 2. Pages 745-763.

Authors: Francisco Silva (PUC Chile) y Rodrigo Harrison (Universidad Adolfo Ibáñez).

"Financial Frictions and Export Dynamics in Large Devaluations"

Journal of International Economics. January 2020. Volume 122.

Authors: David Kohn (PUC Chile), Fernando Leibovici (York University) and Michal Szkup (University of British Columbia).


"Imperfect Information Transmission from Banks to Investors: Macroeconomic Implications"

Journal of Monetary Economics, December 2019. Online

Authors: Nicolás Figueroa (PUC Chile), Oksana Leukhina (Federal Reserve Bank of St. Louis) y Carlos Ramírez (Federal Reserve Board)

"A game theoretic analysis of voluntary euthanasia and physician assisted suicide"

Economic Inquiry, November 2019.

Authors: Francisco Silva (PUC Chile) and Rodrigo Harrison (UAI).


"Equilibrium in a dynamic model of congestion with large and small users"

Transportation Research Part B: Methodological. June 2019. Vol. 124. Pages 82-107.

Authors: Hugo Silva (PUC Chile), Robin Lindsey (Sauder School of Business,University of British Columbia, Canada) and André de Palma (Ecole Normale Supérieure de Cachan, University Paris-Saclay, France).

“People and Machines: A Look at the Evolving Relationship Between Capital and Skills 1860-1930 Using Immigration Shocks”

Review of Economics and Statistics, March 2019. Volume 101, Issue 1. Pages 30-43.

Authors: Jeanne Lafortune (PUC Chile), José Tessada (PUC Chile), and Ethan Lewis (Dartmouth College and NBER).

"Inventory Management, Product Quality, and Cross-Country Income Differences"

American Economic Journal: Macroeconomics. January 2019. Volume 11, Nº 1. Pages 338-388.

Authors: Sebastián Claro (PUC Chile), Bernardo Blum (Rotman School of Management, University of Toronto), Kunal Dasgupta (Department of Economics, University of Toronto) and Ignatius Hortsmann (Rotman School of Management, University of Toronto).

“Minimum Wage and Productivity: Evidence from Chilean Manufacturing Plants”

Economic Development and Cultural Change, October 2018. Volume 67, Issue Nº 1. Pages 193-224.

Authors: Rodrigo Fuentes (PUC Chile) and Rodrigo Álvarez (Universidad de Chile).

“Dynamic Coordination and the Optimal Stimulus Policies”

Economic Journal. November 2018. Volume 128, Issue 615. Pages 2785-2811.

Authors: Caio Machado (PUC Chile) and Bernardo Guimaraes (Sao Paulo School of Economics – FGV).

"Output-based allocations in pollution markets with uncertainty and self-selection"

Journal of Environmental Economics and Management, November 2018. Volume 92. Pages 832-851.

Authors: Juan-Pablo Montero (PUC Chile), Guy Meunier (INRA-UR1303 ALISS and Department of Economics Ecole Polytechnique) and Jean-Pierre Ponssard (Department of Economics, Ecole Polytechnique).

“The value of political capital: dictatorship collaborators as business elites”

Journal of Economic Behavior & Organization, November 2018. Volume 155.  Pages 217-230.

Authors: Felipe González (PUC Chile) and Mounu Prem (Universidad del Rosario, Department of Economics).

“The effects of micro entrepreneurship programs on labor market performance: Experimental evidence from Chile“

American Economic Journal: Applied Economics, April 2018. Volume 10, Nº2. Pages 101-124.

Authors: Claudia Martínez A. (PUC Chile), Esteban Puentes and Jaime Ruiz-Tagle

“The Effects of a Maternity Leave Reform on Children’s Abilities and Maternal Outcomes in Chile“

The Economic Journal, February 2018. Online.

Authors: Tomás Rau (PUC Chile) and Pinjas Albagli (Clapes UC, PUC Chile).

“Regional State Capacity and the Optimal Degree of Fiscal Decentralization”

Journal of Public Economics, March 2018. Volume 159. Pages 225-243.

Authors: Martín Besfamille (PUC Chile) and Antonio A. Bellofatto (University of Queensland).

“Changing the Rules Midway: The Impact of Granting Alimony Rights on Existing and Newly-Formed"

Economic Journal, September 2017. Volume 127, Issue 604. Pages 1874-1905.

Authors: Jeanne Lafortune (PUC Chile), Pierre-Andre Chiappori (Columbia University), Murat Iyigun (University of Colorado and IZA) and Yoram Weiss (Tel Aviv University and IZA).

“Using output-based allocations to manage volatility and leakage in pollution markets"

Energy Economics, October 2017. Volume 68, Supplement 1. Pages 57-65.

Authors: Juan-Pablo Montero (PUC Chile), Guy Meunier (INRA-UR1303 ALISS and Department of Economics Ecole Polytechnique) and Jean-Pierre Ponssard (Department of Economics, Ecole Polytechnique).

“Entrants’ Reputation and Industry Dynamics"

International Economics Review, May 2017. Volume 58, Issue 2. Pages 529–559.

Authors: Felipe Zurita (PUC Chile) and Bernardita Vial (PUC Chile).

“Emerging economies business cycles: The role of commodity terms of trade news“

Journal of Internations Economics, September 2017. Volume 108. Pages 368-376.

Authors: Alejandro Vicondoa (PUC Chile), Nadav Ben Zeeva (Ben-Gurion University of the Negev) and Evi Pappa (European University Institute).

“Monopoly regulation under Asymmetric Information: Prices v/s Quantities“

RAND Journal of Economics, August 2017. Volume 48, Issue 3. Pages 557–578.

Authors: Nicolás Figueroa (PUC Chile), Leonardo Basso (Universidad de Chile) and Jorge Vásquez (Bank of Canada).

“Discounts as a Barrier to Entry“

American Economic Review, JUly 2016. Volume 106, Issue 7. Pages 1849-1877.

Authors: Juan-Pablo Montero (PUC Chile), Nicolás Figueroa (PUC Chile) and Enrique Ide (Stanford University).

“Class Size and Teacher Effects in Higher Education“

Economics of Education Review, June 2016. Volume 52. Pages 19-28.

Authors: Claudio Sapelli (PUC Chile) and Gastón Illanes (Economics Department, MIT).

“A Model of the Confidence Channel of Fiscal Policy“

Journal of Money, Credit and Banking, October 2016. Volume 48, Issue 7. Pages 1363-1395.

Authors: Caio Machado (PUC Chile), Bernardo Guimaraes (Sao Paulo School of Economics – FGV) and Marcel Ribeiro (Sao Paulo School of Economics –FGV).

“Evolution of Impatience: The Example of the Farmer-Sheriff Game"

American Economic Journal: Microeconomics, August 2015. Volume 7, Nº 3. Pages 295-317.

Authors: Felipe Zurita (PUC Chile), David K. Levine (Department of Economics, Washington University in St. Louis and European University Institute), Salvatore Modica (Facoltà di Economia, Università di Palermo) and Federico Weinschelbaum (Universidad de San Andrés).

“Lending Terms and Aggregate Productivity“

Journal of Economic Dynamics & Control, October, 2015. Volume 59. Pages 1-21.

Authors: Nicolás Figueroa (PUC Chile) and Oksana Leukhina (Department of Economics, University of Washington).

“Fear of Obama: An empirical study of the demand for guns and the U.S. 2008 presidential election“

Journal of Public Economics, October 2015. Volume 130. Pages 66-79.

Author: Emilio Depetris-Chauvin (PUC Chile).

“Institutions, Human Capital & Development“

Annual Reviews of Economics, August 2015. Volume 6. Pages 875-912.

Authors: Francisco Gallego (PUC Chile), Daron Acemoglu (Department of Economics, Massachusetts Institute of Technology; Canadian Institute for Advanced Research) and James A. Robinson (Canadian Institute for Advanced Research, Toronto; Department of Government, Harvard University).

“Drug Trafficking Organizations and Local Economic Activity in Mexico“

PLoS One, September 2015. Volume 10, Issue 9.

Author: Felipe González (PUC Chile)

“A Matching Estimator Based on a Bi-level Optimization Problem“

Review of Economics and Statistics, October 2015. Volume 97, Issue 4. Pages 803-812.

Authors: Tomás Rau (PUC Chile), Juan Díaz (Universidad de Chile) and Jorge Rivera (Universidad de Chile).

“Efficiency and Substitutability of Transit Subsidies and Other Urban Transport Policies“

American Economic Journal: Economic Policy, November 2014. Volume 6, Nº 4. Pages 1-33.

Authors: Hugo Silva (PUC Chile) and Leonardo Basso (Universidad de Chile).

“Have business cycles changed over the last two decades? An empirical investigation“

Journal of Development Economics, July, 2014. Volume 109. Pages 98-123.

Authors: Rodrigo Fuentes (PUC Chile) and César Calderon (The World Bank).

“Airlines’ strategic interactions and airport pricing in a dynamic bottleneck model of congestion“

Journal of Urban Economics. Volume 80. March, 2014. Pages 13-27.

Authors: Hugo Silva (PUC Chile), Erik T. Verhoef (Department of Spatial Economics, VU University Amsterdam) and Vincent A.C. van den Berg (Department of Spatial Economics, VU University Amsterdam).

"Changing Pedagogy to Improve Skills in Preschools: Experimental Evidence from Peru"

The World Bank Economic Review

Authors: Francisco Gallego; Emma Näslund- Hadley y Mariana Alfonso

"The Origins of the Division of Labor in Pre-Industrial Times"

Journal of Economic Growth, forthcoming

Authors: Emilio Depetris-Chauvin; Ömer Özak

"Distorted Quality Signals in School Markets"

Journal of Development Economics, November 2020. Volume 147.

Authors: Felipe González (PUC Chile); José Ignacio Cuesta (Stanford University) y Cristian Larroulet Philippi (University of Cambridge).

"Privatization and business groups: Evidence from the Chicago Boys in Chile"

Explorations in Economic History, October 2020. Volume 78.

Authors: Felipe González (PUC Chile); Felipe Aldunate (Escuela de Administración, PUC Chile); Mounu Prem (Universidad del Rosario)  y Francisco Urzúa I. (Cass Business School).


"Losing Your Dictator: Firms During Political Transition"

Journal of Economic Growth, June 2020. Issue 25. Pages 227–257.

Authors: Felipe González (PUC Chile); Mounu Prem (Universidad del Rosario).

"Reply to: Temporal displacement, adaptation and the effect of climate on suicide rates"

Nature Climate Change, June 2020. Volume 10. Pages 502-504.

Authors: Felipe González (PUC Chile); Patrick Baylis (Vancouver School of Economics); Ceren Baysan (University of Essex); Marshall Burke (Stanford University); Sam Heft-Neal (Stanford University) y Solomon Hsiang (National Bureau of Economic Research).

"Building Nations Through Shared Experiences: Evidence from African Football"

American Economic Review, May 2020. Volume 110, N° 5. Pages 1572-1602.

Authors: Emilio Depetris-Chauvin (PUC Chile); Ruben Durante (Universitat Pompeu Fabra) y Filipe Campante (Johns Hopkins University).

"Monetary Policy Transmission in the United Kingdom: A High Frequency Identification Approach"

European Economic Review, April 2020. Volume 123.

Authors: Alejandro Vicondoa (PUC Chile); Ambrogio Cesa-Bianchi (Bank of England); Gregory Thwaites (London School of Economics).

"Heterogeneity, Inattention and Bayesian Updates"

American Economic Journal: Macroeconomics, January 2020. Volume 12, Nº 1. Pages 282-309.

Authors: Javier Turén (PUC Chile), Raffaela Giacomini (University College London) and Vasiliki Skreta (UT Austin; University College London, Center for Economic Policy Research).

"Changing Pedagogy to Improve Skills in Preschools: Experimental Evidence from Peru"

World Bank Economic Review, December 2019.  Pages 1–26.

Authors: Francisco Gallego (PUC Chile), Emma Näslund-Hadley (Inter-American Development Bank) and Mariana Alfonso (Inter-American Development Bank).

"The efficiency of bus rapid transit (BRT) systems: A dynamic congestion approach"

Transportation Research Part B: Methodological. September 2019. Volume 127. Pages 47-71.

Authors: Hugo Silva (PUC Chile), Leonardo Basso (Universidad de Chile) and Fernando Feres (Universidad de Chile).

"Monetary News in the United States and Business Cycles in Emerging Economies"

Journal of International Economics, March 2019. Volume 117. Pages 79-90.

Authors: Alejandro Vicondoa (PUC Chile).

"Effects of asymmetric information on airport congestion management mechanisms"

International Journal of Industrial Organization, January 2019. Volume 62. Pages 4-27.

Authors: Nicolás Figueroa (PUC Chile); Olivia Aravena (Universidad de Chile); Leonardo J. Basso (Universidad de Chile).

“Channels of US Monetary Policy Spillovers to International Bond Markets”

Journal of Financial Economics. November 2019. Volume 134, Issue Nº 2. Pages 447-473

Authors: Sebastián Claro (PUC Chile), Elias Albagli (University of Southern California, Marshall School of Business; Central Bank of Chile), Luis Ceballos (Central Bank of Chile) and Damián Romero (Central Bank of Chile).

“Role models or individual consulting: The impact of personalizing micro-entrepreneurship training“

American Economic Association: Applied Economics, October 2018. Volume 10. Pages. 222-245.

Authors: Jeanne Lafortune (PUC Chile), José Tessada (PUC Chile), and Julio Riutort (Universidad Adolfo Ibáñez).

“Malaria and Early African Development: Evidence from the Sickle Cell Trait“

Economic Journal, May 2018. Volume 128. Pages 1207–1234.

Authors: Emilio Depetris-Chauvin (PUC Chile) and David N. Weil (Brown University).

“Unexpected Guests: The Impact of Internal Displacement Inflows on Rental Prices in Colombian Host Cities“

Journal of Development Economics, September 2018. Volume 134. Pages 289-309.

Authors: Emilio Depetris-Chauvin (PUC Chile) and Rafael J. Santos (Universidad de Los Andes – CEDE).

“Saving in the world“

World Development, April 2018. Volume 104. Pages 257-270.

Authors: Klaus Schmidt-Hebbel (PUC Chile), Francesco Grigoli (International Monetary Fund) and Alexander Herman (U.S. Department Of Treasury).

“Books or Laptops? The Effect of Shifting from Printed to Digital Delivery of Educational Content on Learning“

Economics of Education Review. December 2017. Volume 61. Pages 162-173.

Authors: Francisco Gallego (PUC Chile), Rosangela Bando (Inter-American Development Bank); Paul Gertler (Haas School of Business, University of California, Berkeley) and Darío Romero (Columbia University).

“Dynamic Mechanism Design for a Global Common“

International Economic Review, 2017. Volume 58, Issue 3. Pages 751-782.

Authors: Rodrigo Harrison (PUC Chile) and Roger Lagunoff (Georgetown University).

“Childcare Effects on Maternal Employment: Evidence from Chile“

Journal of Development Economics, May 2017. Volume 126. Pages 127-137.

Authors: Claudia Martínez A. (PUC Chile) and Marcela Perticará (Universidad Alberto Hurtado).

“The effects of financial aid and returns information in selective and less selective schools: Experimental evidence from Chile“

Labour Economics, April 2017. Volume 45. Pages 79-91.

Authors: Claudia Martínez A. (PUC Chile), Taryn Dinkelman (Dartmouth College), Matías Busso (Inter-American Development Bank) and Darío Romero (Columbia University),

“Start-up Nation? Slave Wealth and Entrepreneurship in Civil War Maryland“

The Journal of Economic, June 2017. Volume 77, Issue 2. Pages 373-405.

Authors: Felipe González (PUC Chile), Guillermo Marshall (University of Illinois at Urbana-Champaign) and Suresh Naidu (School of International and Public Affairs, Columbia University).

"Dynamic equilibrium at a congestible facility under market power"

Transportation Research Part B: Methodological, November 2017. Volume 105.  Pages 174-192.
Authors: Hugo Silva (PUC Chile) and Erik T.Verhoef  (VU University and Tinbergen Institute).

"On the Existence and Uniqueness of Equilibrium in the Bottleneck Model with Atomic Users"

Transportation Science: Methodological, November 2017. Volume 51, Issue 3. Pages 863 – 881.
Authors: Hugo Silva (PUC Chile), Robin Lindsey (UBC, Sauder School of Business), André de Palma (Ecole normale supérieure de Cachan, Cachan, France) and Vicent van den Berg (Afdeling Ruimtelijke Economie).

“A Balls-and-Bins Model of Trade: Comment“

American Economic Review, March 2016. Volume 106, Nº 3. Pages 843-851.

Authors: Sebastián Claro (PUC Chile), Bernardo Blum (Rotman School of Management, University of Toronto) and Ignatius Horstman (Rotman School of Management, University of Toronto).

“Finantial frictions and new exporter dynamics“

International Economic Review, May 2016. Volume 57, Issue 2. Pages 453-486.

Authors: David Kohn (PUC Chile), Fernando Leibovici (York University) and Michal Szkup (University of British Columbia).

“Do Good Institutions Promote Countercyclical Macroeconomic Policies?“

Oxford Bulletin of Economics and Statistics, October 2016. Volume 78, Issue 5. Pages 650-670.

Authors: Klaus Schmidt-Hebbel (PUC Chile), César Calderón (The World Bank) and Roberto Duncan (Department of Economics, Ohio University).

“Unenployment, participation and worker flows over the life cycle“

Economic Journal, december 2015. Volume 125, Issue 589. Pages 1705-1733.

Authors: Alexandre Janiak (PUC Chile), Sekyu Choi (Universitat Autònoma de Barcelona, Barcelona GSE and MOVE) and Benjamín Villena‐Roldán (Universidad de Chile).

“More Hands, More Power? The impact of Immigration on Farming and Technology Choices in US Agriculture in Early 20th Century“

Journal of International Economics, November 2015. Volume 97, Issue 2. Pages 339-358.

Authors: José Tessada (PUC Chile), Jeanne Lafortune (PUC Chile) and Carolina González-Velosa (Inter-American Development Bank).

“War and local collective action in Sierra Leone: A comment on the use of coefficient stability approaches“

Journal of Public Economics, August 2015. Volume 128. Pages 30-33.

Authors: Felipe González (PUC Chile) and Edward Miguel (Department of Economics, University of California, Berkeley).

“Sequential Procurement Auctions and Their Effect on Investment Decisions“

RAND Journal of Economics, Winter 2015. Volume 46, Issue 4.  Pages 824-843.

Authors: Nicolás Figueroa (PUC Chile) and Gonzalo Cisternas (Massachusetts Institute of Technology).

“Savings in Transnational Households: A Field Experiment among Migrants from El Salvador”

Review of Economics and Statistics, May 2015. Volume 97, Issue 2. Pages 332-351.

Authors: Claudia Martínez A. (PUC Chile), Nava Ashraf (Harvard Business School), Diego Aycinena (Universidad Francisco Marroquín) and Dean Yang (University of Michigan).

“All for One? Family Size and Children’s Educational Distribution Under Credit Constraints”

American Economic Review, Papers & Proceedings, May 2014. Volume 104, Nº 5. Pages 365-369.

Authors: Jeanne Lafortune (PUC Chile) and Soohyung Lee (Department of Economics, University of Maryland).

“State dependence and heterogeneity in health using a bias corrected fixed effects estimator“

Journal of Applied Econometrics, March 2014. Volume 29, Issue 2. Pages 181-207.

Authors: Alejandra Traferri (PUC Chile) and Jesús Carro (Department of Economics, Universidad Carlos III de Madrid).

“What Happens the Morning After? The Costs and Benefits of Expanding Access to Emergency Contraception“

Journal of Policy Analysis and Management, 2014. Volume 33, Issue 1. Pages 70-93.

Authors: Jeanne Lafortune (PUC Chile), Tal Gross (Department of Health Policy and Management, Mailman School of Public Health, Columbia University) and Corinne Low (PhD candidate at Department of Economics, Columbia University).

“Pricing with markups in industries with increasing marginal costs“

Mathematical Programming, August 2014. Volume 146. Issue 1–2. Pages 143–184.

Authors: Nicolás Figueroa (PUC Chile), José R. Correa (Departamento de Ingeniería Industrial, Universidad de Chile) and Roger Lederman (Graduate School of Business, Columbia).