Publications

Publications

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  • 21 Sep 2007
  • Working Paper Summaries

Intra-Industry Foreign Direct Investment

Keywords: by Laura Alfaro & Andrew Charlton
  • 16 Jul 2012
  • Working Paper Summaries

Selection, Reallocation, and Spillover: Identifying the Sources of Gains from Multinational Production

Keywords: by Laura Alfaro & Maggie X. Chen
  • Research Summary

Debt Maturity: Is Long-Term Debt Optimal? (with Fabio Kanczuk)

By: Laura Alfaro
We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity-term premium, tax smoothing, rolling over risk and the cost from defaulting. We use a dynamic equilibrium model with tax distortion,... View Details
  • 17 May 2007
  • Working Paper Summaries

The Price of Capital: Evidence from Trade Data

Keywords: by Laura Alfaro & Faisal Z. Ahmed
  • Research Summary

Sovereign Debt as a Contingent Claim: A Quantitative Approach (joint with Fabio Kanczuk)

By: Laura Alfaro
We construct a dynamic equilibrium model with contingent service and adverse selection to quantitatively study sovereign debt. In the model, benefits of defaulting are tempered by higher future interest rates. For a wide parameter, the only equilibrium is one in which... View Details
  • Research Summary

Nominal versus Indexed Debt: A Quantitative Horse Race (joint with Fabio Kanczuk)

By: Laura Alfaro
There are different arguments in favor and against nominal and indexed debt which broadly include the incentive to default through inflation versus hedging against unforeseen shocks. We model these arguments and calibrate the model to assess the quantitative importance... View Details
  • 15 Jul 2010
  • Working Paper Summaries

Trade Policy and Firm Boundaries

Keywords: by Laura Alfaro, Paola Conconi, Harald Fadinger & Andrew F. Newman
  • 20 Sep 2011
  • Working Paper Summaries

Sovereigns, Upstream Capital Flows and Global Imbalances

Keywords: by Laura Alfaro, Sebnem Kalemli-Ozcan & Vadym Volosovych
  • 02 Jul 2015
  • Op-Ed

The Future of the Greek Economy

could go on as usual were out of sync with reality. Hopefully, cooler heads will prevail in the days ahead. — Laura Alfaro Laura Alfaro is the... View Details
Keywords: by Laura Alfaro, Dante Roscini & George Serafeim; Banking
  • Comment

Comment on 'Integration, Interdependence and Regional Goods' by A. Bevilaqua, M. Catena and E. Talvi

By: Laura Alfaro
Related
  • 16 Apr 2020
  • Research & Ideas

Has COVID-19 Broken the Global Value Chain?

manufactured by another firm elsewhere, and distributed by dealers everywhere—all underwritten by global cash flows. Often these networks are... View Details
Keywords: by Sean Silverthorne
  • 27 Sep 2006
  • Working Paper Summaries

How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages

Keywords: by Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan & Selin Sayek
  • 17 Nov 2003
  • Research & Ideas

Lessons from a Nasty Trade Dispute

seems likely that Brazil will work with Canada to arrive at mutually agreeable financing packages to be used by each country. HBS professors Rawi Abdelal and Laura View Details
Keywords: by Cynthia Churchwell
  • December 2005
  • Comment

Review of "The Monetary Geography of Africa," by Paul R. Masson and Catherine Patillo

By: Laura Alfaro
Related
  • March 2009
  • Book Review

Review of 'Foreign Direct Investment: Analysis of Aggregate Flows' by A. Razin and E. Sadka

By: Laura Alfaro
Related
  • 2018
  • Book Review

Book Review of Israel and the World Economy: The Power of Globalization, by Assaf Razin

By: Laura Alfaro
Related
  • 16 Oct 2018
  • First Look

New Research and Ideas, October 16, 2018

input more valuable. Distributed supermodular complementarity (DSMC) exists when two or more independent actors can create complementary value by pursuing their own interests and will not find it... View Details
Keywords: Dina Gerdeman
  • 27 Jan 2011
  • News

Dancing elephants

  • 12 Dec 2023
  • Research & Ideas

COVID Tested Global Supply Chains. Here’s How They’ve Adapted

global supply chain stood up under intense pressure as federal monetary policy and pandemic relief programs stoked a huge surge in consumer demand. “The global supply chains actually helped us during COVID-19,” View Details
Keywords: by Scott Van Voorhis
  • 23 Jan 2018
  • First Look

First Look at New Research and Ideas, January 23, 2018

examines investments made by 13 angel groups across 21 countries. We compare applicants just above and below the funding cutoff and find that these angel investors have a... View Details
Keywords: Sean Silverthorne