Codirectors
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Mark Aguiar is the Walker Professor of Economics and International Finance at Princeton University. His research spans both open- and closed-economy macroeconomics, including sovereign debt, business cycles in emerging markets, capital taxation, growth, and the micro-foundations of consumption and labor supply. He has been an NBER affiliate since 2008.
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Linda Tesar is a professor of economics at the University of Michigan. Her research examines cross-country business cycle linkages, capital flows to emerging markets, the consequences of exchange rate exposure, and global risk-sharing. She has been an NBER affiliate since 1993.
Featured Program Content
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Foreign investors’ demand for US dollar (USD) denominated securities and their currency hedging activities are important for analyzing international...
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Sovereign debt crises have been a recurring phenomenon in the global economy for over two centuries, with far-reaching consequences for both creditors...
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Increases in the prices of imported goods contributed to the overall rise in the US inflation rate during the COVID-19 pandemic. Mary Amiti, Oleg Itskhoki, and...