Skip to main content

Codirectors

Mark Aguiar Profile

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.

Linda Tesar

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

International Holdings and Hedging of USD-Denominated Assets Primary tabs
  • Article
 Foreign investors’ demand for US dollar (USD) denominated securities and their currency hedging activities are important for analyzing international...
The Costs of Sovereign Debt Crises figure
  • Article
 Sovereign debt crises have been a recurring phenomenon in the global economy for over two centuries, with far-reaching consequences for both creditors...
 US Import Price Inflation during the COVID-19 Pandemic figure
  • Article
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...
Abstracts of New NBER Working Papers Delivered to Your Inbox
Explore Ongoing NBER Research Projects