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Manuel Amador Monetary Advisor

Minneapolis, Minnesota USA

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Manuel Amador joined the Federal Reserve Bank of Minneapolis as a monetary advisor in 2013. He has also been an assistant professor of economics in the Department of Economics at Stanford University, at Harvard University and at Stanford Graduate School of Business. He received his B.S. in economics from Pontificia Universidad Catolica Madre y Maestra, Santo Domingo, Dominican Republic; his P.I.M.A. degree from Pontificia Universidad Catolica de Chile, Santiago, Chile; and his Ph.D. in economics from the Massachusetts Institute of Technology. He has been a visitor at the Federal Reserve Bank of Minneapolis (2005 and 2012), and a visiting professor at Princeton University (2010–11). Manuel is also a Faculty Research Fellow at the National Bureau of Economic Research. His work has been published in several prominent economics journals, among them the Quarterly Journal of Economics, the Journal of Political Economy, and Econometrica.

On the Welfare Losses from External Sovereign Borrowing
2020 | IMF Economic Review, 68(1): 163-194 | With Mark Aguiar and Stelios Fourakis

Exchange Rate Policies at the Zero Lower Bound
Forthcoming | The Review of Economic Studies | With Javier Bianchi, Luigi Bocola, and Fabrizio Perri
Previously: Federal Reserve Bank of Minneapolis Working Paper 740

A Contraction for Sovereign Debt Models
2019 | Journal of Economic Theory, 183: 842-875 | With Mark Aguiar

Take the Short Route: Equilibrium Default and Debt Maturity
2019 | Econometrica, 87(2): 423-462 | With Mark Aguiar, Hugo Hopenhayn, Iván Werning

Reverse Speculative Attacks
2016 | Journal of Economic Dynamics and Control, 72: 125-137 | With Javier Bianchi, Luigi Bocola, and Fabrizio Perri
Previously: Federal Reserve Bank of Minneapolis Staff Report 528

Fiscal Policy in Debt Constrained Economies
2016 | Journal of Economic Theory, 161: 37-75 | With Mark Aquiar

Coordination and Crisis in Monetary Unions
2015 | Quarterly Journal of Economics, 130(4): 1727-1779 | With Mark Aquiar, Emmanuel Farhi, and Gita Gopinath
Previously: Federal Reserve Bank of Minneapolis Staff Report 511

Sovereign Debt Booms in Monetary Unions
2014 | American Economic Review, 104(5): 101-106 | With Mark Aguiar, Emmanuel Farhi, and Gita Gopinath

Sovereign Debt
2014 | Handbook of International Economics, Gita Gopinath, Elhanan Helpman, and Kenneth Rogoff eds., Vol. 4, Chapter 11: 647-687 | With Mark Aguiar

The Theory of Optimal Delegation With an Application to Tariff Caps
2013 | Econometrica, 81(4): 1541-1599 | With Kyle Bagwell

Tariff Revenue and Tariff Caps
2012 | American Economic Review, 102(3): 459-465 | With Kyle Bagwell

Learning from Private and Public Observations of Others' Actions
2012 | Journal of Economic Theory, 147(3): 910-940 | With Pierre-Olivier Weill

Growth in the Shadow of Expropriation
2011 | Quarterly Journal of Economics, 126(2): 651-697 | With Mark Aguiar

Learning from Prices: Public Communication and Welfare
2010 | Journal of Political Economy, 118(5): 866-907 | With Pierre-Olivier Weill

Expropriation Dynamics
2009 | American Economic Review, 99(2): 473-479 | With Mark Aguiar and Gita Gopinath

Investment Cycles and Sovereign Debt Overhang
2009 | Review of Economic Studies, 76(1): 1-31 | With Mark Aguiar and Gita Gopinath

Commitment vs. Flexibility
2006 | Econometrica, 74(2): 365-396 | With Iván Werning and George-Marios Angeletos