Ana María Herrera
Department of Economics
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Ana María Herrera

Michigan State University
Dept. of Economics
110 Marshall-Adams Hall
East Lansing, MI 48824

Office: 120A Marshall-Adams Hall
Phone: (517) 355-8320
Fax: (517) 432-1068
herrer20@msu.edu

 

Research

Work in Progress and/or Submitted

"Oil Price Shocks, Inventories and Macroeconomic Dynamics", under review.

"Credit Reallocation" (with Marek Kolar and Raoul Minetti), under review.

"Testing for the Cartel in OPEC: Noncooperative Collusion or Just Noncooperative?" (with Pedro Almoguera), previously circulated under the title "A Study of OPEC Cartel Stability", under review.

Bribery and the Nature of Corruption (with Lebohang Lijane and Peter Rodriguez)

Dynamic Pricing and Asymmetries in Retail Gasoline Markets: What Do They Tell Us About Price Stickiness? (with Christopher Douglas)

A Dynamic Model of Central Bank Intervention: Evidence from Turkey (with Pinar Özbay)

Predicting U.S. Recessions Using an Autoregressive Conditional Binomial Model

A Model of Inventories (with Elena Pesavento and Zheng Liu)

Oil Shocks, Real Wages, and the Capital Stock (with Robert J. Rossana)

Publications

Journal Articles

"Dynamic censored regression and the Open Market Desk reaction function" (with Robert de Jong), forthcoming, Journal of Business & Economic Statistics.(Full version)

"Why are Gasoline Prices Sticky? A Test of Alternative Models of Price Adjustment" (with Christopher Douglas), forthcoming, Journal of Applied Econometrics.

"Oil Price Shocks, Systematic Monetary Policy and the 'Great Moderation'" (with Elena Pesavento), Macroeconomic Dynamics, Vol.13, No.1, 107-137, February 2009.

"The Comovement between Inventory Investment and Sales: Higher and Higher" (with Irina Murtashazvili and Elena Pesavento), forthcoming Economics Letters, Vol.99, No.1, 155-158, April 2008.

"Informed Finance and Technological Change: Evidence from Credit Relationships" (with Raoul Minetti), Journal of Financial Economics, Vol.83, No.1, 223-269, January 2007.

"The Decline in U.S. Output Volatility: Structural Changes and Inventory Investment" (with Elena Pesavento). Previously circulated under the title "The Decline in US Output Volatility: Structural Change in Inventories or Sales?", Journal of Business & Economic Statistics, Vol.23, No.4, October 2005.

"Why So Small? Explaining the Size of Firms in Latin America" (with Eduardo Lora), The World Economy, Vol.28, No.7, July 2005.

"Oil Shocks and Aggregate Macroeconomic Behavior: The Role of Monetary Policy" (with James D. Hamilton), Journal of Money, Credit, and Banking, Vol.36, No.2, April 2004.

Other Articles, Books and Book Chapters

"Tax Incidence in Colombia: A General Equilibrium Analysis" (with Eduardo Lora), in Fiscal Reform, Stabilization and Structural Adjustment in Developing Countries (Guillermo Perry, John Whalley and Gary McMahon, eds.), St. Martin's Press, New York, 2000, 18-50.

"Fiscal Reform, Stabilization and Structural Adjustment in Colombia" (with Guillermo Perry), in Fiscal Reform, Stabilization and Structural Adjustment in Developing Countries (Guillermo Perry, John Whalley and Gary McMahon, eds.), St. Martin's Press, New York, 2000, 51-91.

"Ingresos Rurales y Evolución Macroeconómica" (with Eduardo Lora), in Competitividad sin Pobreza: Estudios para el Desarrollo del Campo en Colombia, D.N.P.-World Bank, Bogotá, Colombia, 1994, 31-54.

Public Finance, Stabilization and Structural Reform in Latin America. Inter-American Development Bank, Washington, D.C., 1994, (with Guillermo Perry).

"Tax Incidence in Colombia: A General Equilibrium Analysis" (with Eduardo Lora) in Fiscal Reform, Stabilization and Structural Adjustment in Developing Countries (Guillermo Perry, John Whalley and Gary McMahon, eds.), St. Martin's Press, New York, 2000, 18 - 50.

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