Biography
Pablo D'Erasmo joined the University of Maryland in 2008 after receiving his PhD from University of Texas at Austin. His research interests include dynamic macroeconomics, international finance, and computational methods in economics. In one of his recent papers, he shows that government reputation, endogenous periods of exclusion, and recovery rates play a crucial role in jointly explaining the debt to output ratios and the default frequency observed in emerging economies. In a different paper, he studied if the increase in inequality observed in the U.S. during the past several decades can explain the increase in transfers to low earnings quintiles and increase in effective tax rates for high earnings quintiles. His recent research focuses on explaining firm dynamics with a model capital accumulation decision and non-convex costs of adjustment.
Areas of Interest:
dynamic macroeconomics, international finance and computational methods in economics