Esteban Morales Herrera’s career journey has been one of relentless dedication to uncovering truth and fostering peace in conflict zones. In 2018, he joined the Truth Commission in Colombia, a crucial ...
November 30, 2020, Paper: "The last generation has witnessed an epochal decline in real interest rates in the United States and around the world despite large buildups of government debt. As Table 1 ...
September 21, 2021, Book Chapter: "This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of the global exchange rate ...
April 2021, Paper: "We provide evidence of the stock market wealth effect on consumption by using a local labor market analysis and regional heterogeneity in stock market wealth. An increase in local ...
September 6, 2020, Paper: "Global value chains (GVCs) are the practical expressions and principal engines of today’s globalization. There is a burgeoning body of literature that takes a GVC ...
November 2019, Paper, "A common challenge in estimating the long-term impacts of treatments (e.g., job training programs) is that the outcomes of interest (e.g., lifetime earnings) are observed with a ...
September 21, 2021, Paper: "We develop a measure of firm-year-specific human capital investment from pub licly disclosed personnel expenses (PE) and examine the stock market valuation of this ...
2020, Paper: "Using a multi-method approach, we investigate whether income volatility is associated with financial impatience—the preference to receive a small sum of money immediately over a larger ...
June 17, 2020, Paper, "We build a publicly available platform that tracks economic activity at a granular level in real time using anonymized data from private companies. We report weekly statistics ...
November 10, 2021, Opinion: "How much could a cluster of pixels possibly be worth? More pointedly, why is it worth anything at all? The explosion of NFTs and their accompanying marketplaces have left ...
June 3, 2020, Paper, "We develop a Bayesian latent factor model of the joint long-run evolution of GDP per capita for 113 countries over the 118 years from 1900 to 2017. We find considerable ...