Education
Ph.D. Economics
University of Minnesota
2003
B.A. Economics
Instituto Tecnológico Autónomo de México
1998
Contact Info
Phone: (314) 444-8717
Fax: (314) 444-8731
Email: Adrian.Peralta-Alva@stls.frb.org
Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442
For media inquiries contact:
Ben C. Hardaway
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 341-2714
Adrian Peralta-Alva
Senior Economist
Financial Frictions and the Macroeconomy
"Financial Markets and Fluctuations in Uncertainty"
Presenter: Cristina Arellano, Federal Reserve Bank of Minneapolis
Co-authors: Patrick J. Kehoe, Federal Reserve Bank of Minneapolis & Yan Bai, University of Rochester, Department of Economics
"The Joint Dynamics of Internal and External Finance"
Presenter: Andrea Eisfeldt, University of California-Los Angeles
Co-author: Tyler Muir, Northwestern University, Kellogg Graduate School of Management
"Bubbles or Fundamentals? Understanding Housing Boom and Bust Episodes"
Presenter: Adrian Peralta-Alva, Federal Reserve Bank of St. Louis
Co-Authors: Rody Manuelli, Washington University & Federal Reserve Bank of St. Louis & Carlos Garriga, Federal Reserve Bank of St. Louis
"Credit Crises, Precautionary Savings and the Liquidity Trap"
Presenter: Veronica Guerrieri, University of Chicago, Booth School of Business
Co-author: Guido Lorenzoni, Massachusetts Institute of Technology, Department of Economics
"Bubbly Liquidity"
Presenter: Emanuel Farhi, Harvard University, Department of Economics
Co-author: Jean Tirole, Toulouse School of Economics
"Financial Crises, Bank Risk Exposure and Government Financial Policy"
Presenter: Nobu Kiyotaki, Princeton University, Department of Economics
Co-authors: Mark Gertler, New York University & Albert Queralto, New York University
Published Articles
"Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74"
with Sami Alpanda
Review of Economic Dynamics, October 2010, 13(4), pp. 824-42.
"Problems in the Numerical Simulation of Models with Heterogeneous Agents and Economic Distortions"
with Manuel S. Santos
Journal of the European Economic Association, April 2010, 8(2-3), pp. 617-25.
"Optimal Monetary and Fiscal Policies in a Search Theoretic Model of Monetary Exchange"
with Pere Gomis-Porqueras
European Economic Review, April 2010, 54(3), pp. 331-44.
"The Information Technology Revolution and the Puzzling Trends in Tobin’s Average q"
International Economic Review, August 2007, 48(3), pp. 929-51.
"Accuracy of Simulations for Stochastic Dynamic Models"
with Manuel S. Santos
Econometrica, November 2005, 73(6), pp. 1939-76.
"Comment on 'Growth Cycles and Market Crashes'"
Journal of Economic Theory, July 2003, 111(1), pp. 147-48.
Review Articles
"What Happened to the U.S. Stock Market? Accounting for the Past 50 Years"
with Michele Boldrin
Federal Reserve Bank of St. Louis Review, November/December 2009, 91(6), pp. 627-46.
Articles in Other Federal Reserve Bank of St. Louis Publications
"Households During the Great Recession: The Financial Accelerator in Action?"
Federal Reserve Bank of St. Louis Economic Synopses, 2011, No. 32.
"Reader Exchange: Why have Americans
gained so much weight during the past 50 years?"
Federal Reserve Bank of St. Louis The Regional Economist, October 2010, p. 27.
Conference/Seminar Presentations
"Optimal Monetary and Fiscal Policies in a Search Theoretic Model of Monetary Exchange," Research Department of the Federal Reserve Bank of St. Louis, Fall 2007, and Federal Reserve Bank of Cleveland Conference on Money, Banking, Payments, and Finance, 2007.
Annual Meetings of the Society for Economic Dynamics, Prague, Czech Republic, 2007.
"The Macroeconomics of Obesity in the United States," Research Department of the Federal Reserve Bank of Atlanta, Spring 2006, and World Congress of the Econometric Society, London, United Kingdom, 2005.
Annual Meetings of the Society for Economic Dynamics, Vancouver, Canada, 2006.
International Conference in Computing and Economics, Limassol, Cyprus, 2006.
"Oil Crisis, Energy Saving Technological Change, and the Stock Market Collapse of 1974," Research Department of Banco de Mexico, Fall 2005.
Bi-annual Meetings of the Society for the Advancement of Economic Theory, Vigo, Spain, 2005.
Latin American Meeting of the Econometric Society, Santiago, Chile, 2004.
Midwest Macro Meetings, Ames, Iowa, 2004.
Annual Meetings of the Society of Economic Dynamics and Control, New York, 2003.
Working Papers
"The Effects of Female Labor Force Participation on Obesity"
with Pere Gomis-Porqueras, Oscar A. Mitnik, and Maximilian D. Schmeiser
Working Paper 2011-035A posted October 2011
"Sectoral Shocks, Reallocation Frictions, and Optimal Government Spending"
with Rodolfo E. Manuelli
Working Paper 2011-017A posted July 2011
Recent Commentary
"Households During the Great Recession: The Financial Accelerator in Action?"
Federal Reserve Bank of St. Louis Monetary Trends, October 2011.
"The European Debt Crisis and U.S. Economic Growth"
with Chanont Banternghansa
Federal Reserve Bank of St. Louis National Economic Trends, August 2010.
"Has the Recent Real Estate Bubble Biased the Output Gap?"
with Chanont Banternghansa
Federal Reserve Bank of St. Louis Monetary Trends, December 2009.
"The U.S. Financial Sector’s Value Added: Trends Now and Then"
with Chanont Banternghansa
Federal Reserve Bank of St. Louis National Economic Trends, June 2009.