Felipe E. Saffie joined the University of Maryland as an assistant professor in 2014, the same year he completed his Ph.D. in economics at the University of Pennsylvania. His primary research is in international finance and economic growth. His research focuses on the effects of international financial crises on aggregated productivity. In particular, he examines how drastic reductions on capital inflows (sudden stops) affect the creation and development of firms, scarring the process of productivity accumulation. Financial development is a key ingredient for understanding the transitory and permanent components of these episodes, as more developed financial systems are better able to allocate the scarce resources during crises. A secondary stream of research focuses on the determinants of capital misallocation in the economy. For instance, how rent-seeking behavior distorts the investment decision of firms by altering the effective corporate tax rate that they face.
Areas of Interest
- International Finance
Degree TypePhDDegree DetailsUniversity of Pennsylvania, 2014
|Course Name||Course Title||Semester||Syllabus|
|ECON442||Globalization and Capital Markets||Fall 2017|
|ECON709||Advanced Topics in Applied and Theoretical Macroeconomics||Spring 2017|
|ECON808||Workshop on Macroeconomics and Growth; Workshop in Applied Economics||Spring 2017|
|ECON442||Globalization and Capital Markets||Fall 2016|
|ECON630||Computational Methods in Macroeconomics||Fall 2016|
|ECON709||Advanced Topics in Applied and Theoretical Macroeconomics||Fall 2016|
|ECON741||Advanced International Economics I||Fall 2016|
|ECON808||Workshop on Macroeconomics and Growth; Workshop in Applied Economics||Fall 2016|
|ECON709||Advanced Topics in Applied and Theoretical Macroeconomics||Spring 2016|
|ECON808||Workshop on Macroeconomics and Growth; Workshop in Applied Economics||Spring 2016|
|ECON442||Globalization and Capital Markets||Fall 2015||Syllabus|
|ECON741||Advanced International Economics I||Fall 2015||Syllabus|
- Capital-Based Corporate Tax Benefits: Endogenous Misallocation through Lobbying, , Working paper, April .
- Fewer but Better: Sudden Stops, Firm Entry, and Financial Selection, , Working paper, November .
- Project Heterogeneity and Growth: The Impact of Financial Selection on Firm Entry, , PIER Working Paper No. 13-011, November .
Placement Director (2015)
- Xing Hong
- Veronika Penciakova