J
Juan M. Sánchez
Researcher at Federal Reserve Bank of St. Louis
Publications - 121
Citations - 1701
Juan M. Sánchez is an academic researcher from Federal Reserve Bank of St. Louis. The author has contributed to research in topics: Debt & Recession. The author has an hindex of 21, co-authored 110 publications receiving 1512 citations. Previous affiliations of Juan M. Sánchez include University of Rochester & Federal Reserve System.
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Seigniorage and Sovereign Default: The Response of Emerging Markets to COVID-19
TL;DR: In addition to the standard present bias vs default risk tradeoff faced by governments when choosing debt, distortionary policy instruments introduce an intertemporal tradeoff, which may mitigate or exacerbate the incentives to accumulate debt as mentioned in this paper.
Journal ArticleDOI
Mortgage Defaults and Prudential Regulations in a Standard Incomplete Markets Model
TL;DR: In this article, a model of mortgage defaults is built into the standard incomplete markets model and interest rates on mortgages are determined in equilibrium according to the risk of default, and default-prevention policies are evaluated.
Posted Content
Why Doesn't Technology Flow from Rich to Poor Countries?
TL;DR: In this paper, a dynamic contract model is embedded into a general equilibrium setting with competitive intermediation, where the terms of finance are dictated by an intermediary?s ability to monitor and control a firm?s cash flow, in conjunction with the structure of the technology that the firm adopts.
Posted Content
The U.S. Establishment-Size Distribution: Secular Changes and Sectoral Decomposition
Samuel E. Henly,Juan M. Sánchez +1 more
TL;DR: In this article, the establishment heterogeneity has been modeled in economics at least since the seminal work of Lucas (1978) and has been incorporated into calibrated models to provide quantitative evaluations of different mechanisms to calibrate and test the predictions of these models.
Journal ArticleDOI
Quantifying the Impact of Financial Development on Economic Development
TL;DR: In this article, a costly state verification model of financial intermediation is presented to address the question of how important financial development for economic development, and the model is calibrated to match facts about the U.S. economy, such as the intermediation spreads and the firm-size distributions for 1974 and 2004.