Andrés Fernández is a Research Economist in the Research Department at the Inter-American Development Bank. He holds a Ph.D. in Economics from Rutgers University and previously worked as Assistant Professor at the Universidad de Los Andes in Bogotá, Colombia. His main research agenda focuses on building, calibrating and estimating dynamic stochastic general equilibrium models for emerging economies. One area of his research agenda is devoted to the study of the sources of business cycles in emerging economies including driving forces of financial and real nature. He has also extended this framework to study intrinsic features of Latin American economies such as the presence of financial frictions and the significant co-movement in the macro dynamics of the economies in the region. Another area he is currently working on is extending this class of models to account for the observed dynamic patterns of labor markets in Latin American economies.
Some of his research studies are:
- World Shocks, World Prices, And Business Cycles: An Empirical Investigation (with Stephanie Schmitt-Grohé and Martín Uribe). Forthcoming Journal of International Economics - International Seminar on Macroeconomics (ISOM) 2016.
- Bond Finance, Bank Credit, and Aggregate Fluctuations in an Open Economy (with Roberto Chang and Adam Gulan) - Forthcoming Journal of Monetary Economics, 2017 Carnegie-Rochester-NYU Conference Series on Public Policy.
- Further Evidence on the Usefulness of Real-Time Datasets for Economic Forecasting(with Norm Swanson) - Forthcoming Quantitative Finance and Economics.
- Capital Control Measures: A New Dataset, (with Michael Klein, Martin Schindler, Alessandro Rebucci and Martín Uribe) - IMF Economic Review, Vol. 64 (3), 2017.
- From Institutions to Financial Development and Growth: What are the Links? (with Cesar Tamayo), Journal of Economic Surveys, Vol. 31, No. 1, pp.17-57, 2017.
- Are Capital Controls Countercyclical?, (with Alessandro Rebucci and Martín Uribe) - Lead Article, Journal of Monetary Economics, 76, (2015) 1-14.
Dataset used (EXCEL). In using this dataset the appropriate citation is: Andrés Fernández, Alessandro Rebucci, and Martín Uribe, 2014. "Are Capital Controls Countercyclical?", Mimeo, Columbia University.
- Informal Employment and Business Cycles in Emerging Economies: The Case of Mexico, (with Felipe Meza). Review of Economic Dynamics, 18 (2015), 381-405.
- Interest Rates, Leverage, and Business Cycles in Emerging Economies: The Role of Financial Frictions, (with Adam Gulan). American Economic Journal - Macroeconomics, 2015, 7(3), 153-188.
- On the Sources of Aggregate Fluctuations in Emerging Economies (with Roberto Chang), 2013. , International Economic Review, Vol. 54, No. 4, November 2013, 1267-1295.
- Tropical” Real Business Cycles? A Bayesian Exploration, ENSAYOS SOBRE POLÍTICA ECONÓMICA, Andrés Fernández, 2010. , BANCO DE LA REPÚBLICA - ESPE.
- Information in the Revision Process of Real-Time Datasets, Journal of Business & Economic Statistics, (with Corradi, Valentina & Swanson, Norman R.), 2009. , American Statistical Association, vol. 27(4), pages 455-467.
- Reformas estructurales, impacto macroeconómico y política monetaria en Colombia, REVISTA DESARROLLO Y SOCIEDAD, Fernández Andrés, 2003. , UNIVERSIDAD DE LOS ANDES-CEDE.
- Searching for a New Macroprudential Framework, Ideas Matter-IDB (Feb./2017)
- The Rise in Corporate Debt and Economic Activity in Emerging Markets: Evidence from Corporate Bond Issuance and Spreads, VOX-EU (Dec/2016)
- Capital Controls: A New Dataset in EconBrowser (March 12/2016 ), VOX-EU(April/2015)
- Foco Económico: Controles de Capital: ¿Se Aplican Macroprudencialmente?
- Latin Trade article on the need for structural reforms in Latin America, by David Ramirez. July/2013.
- Blog in Foco Economico on the new evidence about business cycles in emerging economies and corporate leverage (inSpanish). June/2013.
- Blog in Vox.Lacea on the potential growth spillovers from labor reform in Latin America (in Spanish or English ). See also the video interview (in Spanish). March/2013.
- Andrés Fernández and Adam Gulan, 2012. Interest Rates and Business Cycles in Emerging Economies: The Role of Financial Frictions, IDB Working Paper No. IDB-WP-339.
- Andrés Fernández & Felipe Meza, 2011. "Labor, Output and Consumption in Business Cycle Models of Emerging Economies: A Comment," DOCUMENTOS CEDE 009249, UNIVERSIDAD DE LOS ANDES-CEDE.
- Andrés Fernández, 2011. ""Tropical" Real Business Cycles? A Bayesian Exploration," DOCUMENTOS CEDE 009248, UNIVERSIDAD DE LOS ANDES-CEDE.
- Roberto Chang & Andrés Fernández, 2010. "On the Sources of Aggregate Fluctuations in Emerging Economies," NBER Working Papers 15938, National Bureau of Economic Research, Inc.
- Andres Fernandez & Norman R. Swanson, 2009. "Real-time datasets really do make a difference: definitional change, data release, and forecasting," Working Papers 09-28, Federal Reserve Bank of Philadelphia.
- Valentina Corradi & Andres Fernandez & Norman Swanson, 2008. "Information in the revision process of real-time datasets," Working Papers 08-27, Federal Reserve Bank of Philadelphia.
- Fabio Sánchez & Andrés Fernández & Armando Armenta, 2006. "Balance Of Payments Crises Under Fixed Exchange Rate In Colombia: 1938-1967," DOCUMENTOS CEDE002041, UNIVERSIDAD DE LOS ANDES-CEDE.
- Fabio Sánchez & Andrés Fernández & Armando Armenta., 2005. "Crisis Cambiarias En Colombia Bajo Tipo De Cambio Fijo:1938-1967," DOCUMENTOS CEDE 002241, UNIVERSIDAD DE LOS ANDES-CEDE.
- Fabio Sánchez & Andrés Fernández & Armando Armenta, 2005. "Historia Monetaria De Colombia En El Siglo Xx: Grandes Tendencias Y Episodios Relevantes," DOCUMENTOS CEDE 002792, UNIVERSIDAD DE LOS ANDES-CEDE.
- Andres Fernández, 2003. "Reformas Estructurales, Impacto Macroeconómico Y Política Monetaria En Colombia," DOCUMENTOS CEDE 003434, UNIVERSIDAD DE LOS ANDES-CEDE.