About us

The blog of the IDB’s Research Department shares ideas that matter on public policy and development in Latin America and the Caribbean.

Vanessa Alviarez

Vanessa Alviarez is a Research Economist at the Inter-American Development Bank and an Assistant Professor in the Sauder School of Business at the University of British Columbia. She received her B.A. in Economics from the University Central of Venezuela (Summa Cum Laude), and her M.A. and Ph.D. in Economics from the University of Michigan. During her studies, she was a Dissertation Intern at the Division of International Finance, Federal Reserve Board of Governors. She also has worked as a consultant at the Office of Evaluation and Oversight at the Inter-American Development Bank (IADB), and the Research Department at CAF - Development Bank of Latin America. Her research focuses on international economics, looking at how multinational's location and sourcing decisions affect employment, trade patterns, and firm's performance.


João Ayres

É economista do Departamento de Pesquisa do BID. Seus interesses de pesquisa se concentram em economia internacional, macroeconomia e finanças públicas. Formado em economia pela Universidade de São Paulo, João tem mestrado e doutorado em economia pela Fundação Getúlio Vargas e doutorado em Economia pela Universidade de Minnesota.


Samuel Berlinski

Samuel Berlinski is a Lead Economist at the Research Department of the Inter-American Development Bank. Prior to joining the Bank in 2010, he was an Assistant Professor of Economics at University College London and previously held appointments at Universidad de San Andrés and the London School of Economics. His work has appeared in numerous journals including the Journal of Public Economics, Journal of Law and Economics and Economic Development and Cultural Change. His research at the Bank focuses on the evaluation of public policy, with particular emphasis on Education, Health and Labor Markets. He completed his undergraduate studies in Economics at Universidad de Buenos Aires and obtained a Ph.D. in Economics at the University of Oxford, Nuffield College.


Matías Busso

Matias Busso is a Lead Economist in the Research Department at the Inter-American Development Bank. He is also a Research Fellow at the Center for Distributive, Labor and Social Studies (CEDLAS) and a member of the executing committee of the Network of Inequality and Poverty of LACEA. His research uses empirical evidence and theory to inform the design of more effective public policies in areas related to labor, education, and productivity. Matias received his Ph.D. in Economics from the University of Michigan in 2008. He has published articles in the American Economic Review and The Review of Economics and Statistics, among others.


Eduardo Cavallo

Eduardo Cavallo is Principal Economist at the Research Department of the Inter-American Development Bank (IDB) in Washington DC. Prior to joining the IDB, Eduardo was a Vice-President and Senior Latin American Economist for Goldman Sachs in New York. Eduardo had already worked at the IDB as a Research Economist between 2006 and 2010. Before that he served as a research fellow at the Center for International Development (CID), a visiting scholar at the Federal Reserve Bank of Atlanta, and a member of the faculty at the Kennedy School of Government's Summer Program. In Argentina he co-founded Fundación Grupo Innova.

Eduardo’s research interests are in the fields of international finance and macroeconomics with a focus on Latin America. He has published in several academic journals, and is the co-editor of the books “Building Opportunities for Growth in a Challenging World” (IDB, 2019); “A Mandate to Grow” (IDB, 2018); “Saving for Development: how Latin America and the Caribbean can save more and better” (Palgrave, 2016) and “Dealing with an International Credit Crunch: Policy Responses to Sudden Stops in Latin America” (IDB, 2009). He holds a Ph.D. in Public Policy and an MPP from Harvard University, and a B.A. in Economics from Universidad de San Andres (UdeSA) in Buenos Aires, Argentina.


Juan Pablo Chauvin

Juan Pablo Chauvin is a Research Economist in the Research Department of the Inter-American Development Bank. He is also an associate at the Center for International Development at Harvard University. His research focuses on the economic development of cities and regions, with a focus on understanding the connections between labor markets, housing markets, and the industrial composition of places. In the past, he has been a consultant with the German Technical Cooperation Agency (GiZ), the World Bank, the OECD and the private sector; advising local and national governments in South America, Asia, the MENA region and South East Europe. He has also been an instructor at the Harvard Kennedy School and at Ecuadorian Universities. He holds a PhD in Public Policy and a Masters in Public Administration - International Development from Harvard, a Masters in Public Policy from FLACSO - Ecuador, and B.A.s in Sociology and Economics from Universidad San Francisco de Quito.


Julián Cristia

Julian Cristia is a Principal Economist in the Research Department at the Inter-American Development Bank. His current research analyzes how governments can promote skills development using technology in a cost-effective way. He has evaluated programs that introduced technology into schools and expanded access to pre-primary education. Additionally, he has produced systematic reviews on early childhood development, the use of technology in education and how to improve learning in primary schools. His work has appeared in the American Economic Journal: Applied Economics, Journal of Development Economics, Journal of Human Resources, and Journal of Health Economics. His research has been covered by several media outlets including The Economist, NPR, and Associated Press. Prior to joining the IDB, he worked as an Associate Analyst in the Health and Human Resources Division of the Congressional Budget Office. Cristia holds a PhD in Economics from the University of Maryland.


Veronica Frisancho

Verónica Frisancho es economista senior en el Departamento de Investigación del Banco Interamericano de Desarrollo (BID). El trabajo de Verónica mejor se describe como microeconomía aplicada, y su principal campo de especialización es la economía del desarrollo. Su investigación en estas áreas incluye un énfasis en educación, mercados laborales en países en desarrollo, violencia doméstica e inclusión financiera.


Arturo Galindo

Arturo José Galindo Andrade is a Principal Economist at the Research Department of the Inter-American Development Bank (IDB) in Washington DC. Prior to joining the Research Department in 2021 he was a member of the Board of Directors of the Central Bank of Colombia. Arturo has also been a researcher at Fedesarrollo a Colombian think tank, Chief of the Strategic Planning and Monitoring Division at the IDB, Chief of the Strategic Development Division and Regional Economic Advisor for the Andean Region at the same institution. Previous roles include Chief Economic Advisor of the Banking Association of Colombia, Advisor to the Ministry of Finance, Advisor to the Government of Colombia on Coffee Affairs, Professor of Economics at Universidad de los Andes in Bogotá, Colombia, Research Economist at the IDB, and Economist at the Central Bank of Colombia. Arturo holds a PhD in Economics from the University of Illinois at Urbana-Champaign.

His academic research includes macroeconomics, monetary policy, financial economics, banking, development banking, public finance, international economics and development economics—fields in which he has published extensively.


Rodrigo Heresi Gajardo

Rodrigo Heresi Gajardo es economista en el Departamente de Investigación del Banco Interamericano de Desarrollo.


Juan M. Hernández

Juan M. Hernández is a Research Economist in the Research Department at the Inter-American Development Bank. He received his Ph.D. in Economics from the University of Pennsylvania in 2017, just before joining the IDB. He holds a B.Sc. in Economics, a B.Sc. in Mathematics and a M.Sc. in economics from the Universidad de Los Andes in Colombia. Prior to starting his Ph.D. studies in 2011 he spent 4 years as an Economist in Colombia’s Central Bank (Banco de la República). His research interests are in the fields of international finance, macroeconomics and financial frictions. Juan has been working on Sudden Stops and balance of payments crises, analyzing the role of international reserves and macroprudential policies in preventing such events. He also works on understanding the incidence of taxes and access to credit on the decision to become an entrepreneur, taking into account information asymmetries; designing optimal financial regulation and taxation policies that maximize productivity. Another topic Juan is currently studying is optimal progressive taxation in environments where informality and tax evasion diminish the revenue redistribution the tax authority can achieve.


Bridget Hoffmann

Bridget Hoffmann is an economist in the Research Department of the Inter-American Development Bank. Her research interests are applied microeconomics, development economics, and environmental economics. She received her Ph.D. in Economics from Northwestern University in 2015. She holds a bachelor’s degree in Financial Economics and Mathematics from the University of Rochester.


Alejandro Izquierdo

Alejandro Izquierdo es Líder Técnico Principal del Departamento de Investigación del Banco Interamericano de Desarrollo (BID). Anteriormente ocupó cargos como Economista Jefe y Gerente interino del Departamento de Investigación, Asesor Económico Regional para México y Centroamérica, y Economista Principal en el BID. Alejandro estuvo a cargo del Informe Macroeconómico Anual del BID durante varios años y es co-director del programa ejecutivo conjunto de la Universidad de Columbia y el BID sobre asuntos financieros internacionales en países emergentes. También ha liderado el informe bandera del BID, Desarrollo en las Américas, en temas como crédito y gasto público en América Latina. Antes de su carrera en el BID, Alejandro trabajó en el Departamento de Política Económica del Banco Mundial y dictó clases de macroeconomía y finanzas internacionales en varias universidades latinoamericanas. Cuenta con diversas publicaciones en revistas profesionales y volúmenes editados. Alejandro obtuvo un doctorado en Economía en la Universidad de Maryland, una maestría en el Instituto Torcuato Di Tella de Argentina y una licenciatura en Economía de la Universidad de Buenos Aires, Argentina.


Victoria Nuguer

Victoria Nuguer is a Research Economist in the Inter-American Development Bank’s Research Department. She holds a Ph.D. from École Polytechnique Fédéral de Lausanne in Switzerland and a bachelor’s degree from the Universidad de Buenos Aires in Argentina. Prior to joining the Bank in May 2017, she spent nearly three years as a Research Economist in the Bank of Mexico. Victoria’s main research agenda focuses on building dynamic stochastic general equilibrium models to explain key financial transmission mechanisms in closed and open economies. For closed economies, she has focused on the propagation of financial shocks from the housing sector to the rest of the economy. Regarding open economies, Victoria has studied the international transmission of financial shocks from advanced to emerging economies through the bank lending channel. Recently, she has been working on understanding the strategic interaction between monetary and macroprudential policies and on the role of trade credit when firms set prices in emerging economies.


Eric Parrado

Eric Parrado Herrera is Chief Economist and General Manager of the IDB’s Research Department since March 2019. Before joining the IDB, he was a professor of economics and finance at the ESE Business School of the Universidad de los Andes in Santiago, Chile. Mr. Parrado is a visiting professor at Oxford University and the Central European University, and a member of the World Economic Forum's Global Future Council on Financial and Monetary Systems.

Throughout his professional career, Mr. Parrado has focused on monetary, fiscal and financial policy, advising central banks on managing inflation targeting regimes and implementing sovereign wealth funds in several countries. He has also written several academic articles on monetary policy, fiscal policy and sovereign wealth funds.


Andrew Powell

Andrew Powell is the Principal Advisor in the Research Department (RES). He holds a Ba, MPhil. and DPhil. (PhD) from the University of Oxford. Through 1994 he dedicated himself to academia in the United Kingdom as Prize Research Fellow at Nuffield College, Oxford and Associate Professor (Lecturer) at London University and the University of Warwick. In 1995, he joined the Central Bank of Argentina and was named Chief Economist in 1996. He represented Argentina as a G20/G22 deputy and as member of three G22 working groups (on crisis resolution, financial system strengthening and transparency) in the late 1990’s. In 2001, he returned to academia, joining the Universidad Torcuato Di Tella in Buenos Aires as Professor and Director of Graduate Programs in Finance. He has been a Visiting Scholar at the World Bank, IMF and Harvard University. He joined the IDB Research Department in 2005 as Lead Research Economist and in 2008 served as Regional Economic Advisor for the Caribbean Region until returning to the Research Department as the Principal Advisor. He has published numerous academic papers in leading economic journals in areas including commodity markets, risk management, the role of multilaterals, regulation, banking and international finance. Current projects include new papers on capital flows and corporate balance sheets, on sovereign debt restructuring and on the preferred creditor status of multilateral development banks.


Carlos Scartascini

Carlos Scartascini is Leader of the IDB Behavioral Economics Group and Principal Technical Leader at the Research Department of the Inter-American Development Bank. He is currently focused on expanding the use of behavioral economics in Latin America and the Caribbean. In addition to Behavioral Economics, his areas of expertise include Political Economy, and Public Finance. He has published eight books and more than 45 articles in edited volumes and specialized journals. He is Associate Editor of the academic journal Economía, and Head and founding member of LACEA's BRAIN (Behavioral Insights Network). A native of Argentina, Dr. Scartascini holds a Ph.D. and a M.A. in Economics from George Mason University.


John Dunn Smith

Dunn Smith es editor asistente del Departamento de Investigación del BID


Diego Vera-Cossio

Diego Vera-Cossio is an economist in the Research Department of the Inter-American Development Bank. His area of interest is development economics. In particular, his research analyzes how different policies help or prevent family businesses from growing in contexts in which access to finance is limited. He is also interested in understanding how different methods of targeting and delivering resources from public programs affect policy effectiveness. Diego, a citizen of Bolivia, received his Ph.D. in Economics from the University of California, San Diego in 2018. He holds a Master’s Degree in Economics from Universidad de Chile and a Bachelor’s Degree in Economics from Universidad Católica Boliviana.


Razvan Vlaicu

Razvan Vlaicu is a senior economist in the Research Department at the Inter-American Development Bank. His research interests are in public economics and political economics, with a focus on the role of governance and institutions in economic development. He received his Ph.D. in Economics from Northwestern University, taught economics at the University of Maryland, and held short-term positions at the Kellogg School of Management and the World Bank. His research has been published in journals such as the Review of Economic Studies, American Political Science Review, Journal of International Economics, and Journal of Public Economics.