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Research Interests
macroeconomics, international economics, sovereign default, international capital flows, the role of cities in the macroeconomySelected Work
“With Age Comes Immaturity: Do Countries with Older Populations Issue Shorter Maturity Debt?”
with Gonca Senel
Economics Letters, December 2021, Vol. 209, 110100
“Deconstructing Delays in Sovereign Debt Restructuring”
Oxford Economic Papers, 2019, Vol. 71, No. 2, pp. 382-404
“Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America”
with Lee E. Ohanian and Paulina Restrepo-Echavarria
American Economic Review, December 2018, Vol. 108, No. 12, pp. 3541-82
Related working paper (PDF)
“The Effects of U.S. Tax Reform: Comparing Taxes and Social Contributions in the U.S. and Germany”
with Lorenz J. Jarass and Anthony E. Tokman
Tax Notes International, 2018, Vol. 89, No. 5, pp. 433-447
“USA-Steuerreform 2018: Steuern und Sozialabgaben im Vergleich mit Deutschland”
with Lorenz J. Jarass and Anthony E. Tokman
Zeitschrift für Internationales Steuerrecht, 2018, Vol. 4, pp. 143-155
“Restructuring Venezuela's Debt: Lessons from the Past and Implications for the Future”
with Camilo Alvarez and Daniel A. Dias
Journal of Investing, 2018, Vol. 27, No. 3, pp. 74-79
“Under-insurance in Human Capital Models with Limited Enforcement”
with Tom Krebs and Moritz Kuhn
Review of Economic Dynamics, 2017, Vol. 25, pp. 121-150
“Steuern und Sozialabgaben in den USA und in Deutschland”
with Lorenz J. Jarass and Anthony E. Tokman
Betriebs-Berater, 2017, Vol. 48, pp. 2839-2846
“Settlement Games with Rank-Order Payoffs and Applications to Sovereign Debt Restructuring”
with Rohan Pitchford
Economic Theory, 2017, Vol. 64, No. 4, pp. 847-876
“Human Capital Risk, Contract Enforcement, and the Macroeconomy”
with Tom Krebs and Moritz Kuhn
American Economic Review, 2015, Vol. 105, No. 11, pp. 3223-3272
“External and Public Debt Crises.”
with Christina Arellano and Andrew Atkeson
NBER Macroeconomics Annual, 2015, Vol. 30, pp. 191-244
“The Stock of External Sovereign Debt: Can We Take the Data at 'Face Value'?”
with Daniel A. Dias and Christine Richmond
Journal of International Economics, 2014, Vol. 94, No. 1, pp. 1-17
“Are Developing Countries Facing a Possible Debt Crisis?”
with Amy Smaldone
On the Economy, September 5, 2023
“The End of Rapid Population Growth”
with Amy Smaldone
On the Economy, March 6, 2023
“People Smooth Their Consumption. Shouldn’t Nations, Too?”
with Paulina Restrepo-Echavarria
On the Economy, November 16, 2021
“The Direction of Capital Flows”
with Lee E. Ohanian and Paulina Restrepo-Echavarria
Federal Reserve Bank of St. Louis Economic Synopses, 2016, No. 22
“The Impact of Bretton Woods International Capital Controls on the Global Economy and the Value of Geopolitical Stability: A General Equilibrium Analysis” (PDF)
with Lee E. Ohanian, Paulina Restrepo-Echavarria, and Diana Van Patten
Federal Reserve Bank of St. Louis Working Paper 2020-042E, September 2023
“Bretton Woods and the Reconstruction of Europe” (PDF)
with Lee E. Ohanian, Paulina Restrepo-Echavarria, and Diana Van Patten
Federal Reserve Bank of St. Louis Working Paper 2019-030A, October 2019
Mark L. J. Wright is a senior vice president in the Research division of the Federal Reserve Bank of St. Louis, which he joined in July 2022. His research has focused on sovereign default, restructuring sovereign debt, international capital flows, and the role of cities in the macroeconomy. He received his Ph.D. and M.A. degrees in economics from the University of Chicago in 2001.
Prior to joining the Federal Reserve Bank of St. Louis as a senior vice president, Wright served as the senior vice president and director of research at the Federal Reserve Bank of Minneapolis. He was previously a senior economist at the Federal Reserve Bank of Chicago. In addition to his experience in the Fed System, he has held economics roles at the University of California, Los Angeles, Stanford University, the National Bureau of Economic Research, and Massachusetts Institute of Technology. He is an accomplished researcher, and his papers have been published in top academic journals and are cited extensively.
