I evaluate the effects of COVID-19 across countries. Where income is low, fewer jobs can be performed from home, the hospital capacity is lower, and enduring long periods with no income is harder, making the crisis more dire. On the other hand, younger populations make death less likely in low...

Childcare subsidies often attempt to allow low income families to work, but a problem arises when they generate unforeseen negative general equilibrium consequences. This paper focuses on a law in Chile that forces firms with more than 19 female workers to pay for childcare. We evaluate its...

We study the reaction of non-exporters to openness. While static models suggest non-exporters lose from openness, dynamic ones where firms can innovate allow for gains from internalizing future exports. Developing a tractable model with productivity choices where both effects are present, we...

We investigate the ability of workhorse structural change models in accounting for the business cycle properties of an economy. We consider three different preferences specifications: Herrendorf, Rogerson and Valentinyi (2014, HRV), Boppart (2014), and Comin, Lashkari and Mestieri (2021, CLM),...