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macroeconomics, international trade, international financeSelected Work
“No Credit, No Gain: Trade Liberalization Dynamics, Production Inputs, and Financial Development”
with David Kohn and Michal Szkup
International Economic Review, December 2022
“The Impact of Health and Economic Policies on the Spread of COVID-19 and Economic Activity”
with Matthew Famiglietti
European Economic Review, 104087
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“Financial Frictions and International Trade”
with David Kohn and Michal Szkup
Oxford Research Encyclopedia, Economics and Finance, May 2022
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“Financial Development and International Trade”
Journal of Political Economy, December 2021, Vol. 129, No. 12, 716564, pp. 3405-3446
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“Trade in Commodities and Business Cycle Volatility”
with David Kohn and Hakon Tretvoll
American Economic Journal-Macroeconomics, July 2021, Vol. 13, No. 3, pp. 173-208
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“Financial Frictions and Export Dynamics in Large Devaluations”
with David Kohn and Michal Szkup
Journal of International Economics, January 2020, Vol. 122, 103257
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“International Trade and Intertemporal Substitution”
with Michael E. Waugh
Journal of International Economics, March 2019, Vol. 117, pp. 158-174
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“Decoupling Where it Matters? US Imports from China in Critical Sectors”
with Jason Dunn
Federal Reserve Bank of St. Louis Economic Synopses, 2024, No. 1
“International Trade Dependence and Inventory Dynamics”
with Jason Dunn
Federal Reserve Bank of St. Louis Economic Synopses, 2023, No. 17
“US Barriers to International Trade of Goods: Tariffs and Non-Tariff Measures”
with Jason Dunn
Federal Reserve Bank of St. Louis Economic Synopses, 2023, No. 9
“The Allocation of Immigrant Talent Across Countries: Earnings Gaps”
with Serdar Birinci and Kurt See
Federal Reserve Bank of St. Louis Economic Synopses, 2023, No. 2
“Supply Chain Disruptions and Inventory Dynamics”
On the Economy, August 7, 2023
“How U.S. Import Shipping Costs Vary across Countries and Industries”
On the Economy, April 17, 2023
“The Allocation of Immigrant Talent across Countries: Employment Gaps”
On the Economy, August 11, 2022
“Trade Linkages in the Shadow of the Russia-Ukraine War”
On the Economy, March 29, 2022
“The Dynamics of International Shipping Supply”
On the Economy, February 8, 2022
“The Dynamics of International Shipping Costs”
On the Economy, January 3, 2022
“Global Value Chains and U.S. Economic Activity During COVID-19”
with Jesse LaBelle and Ana Maria Santacreu
Federal Reserve Bank of St. Louis Review, Third Quarter 2021
“International Trade Openness and Monetary Policy: Evidence from Cross-Country Data”
Federal Reserve Bank of St. Louis Review, Second Quarter 2019
“Trade Risk and Food Security” (PDF)
with Tasso Adamopoulos
Federal Reserve Bank of St. Louis Working Paper 2024-004B, March 2024
“Firm Exit and Liquidity: Evidence from the Great Recession” (PDF)
with David Wiczer
Federal Reserve Bank of St. Louis Working Paper 2023-011A, May 2023
“Navigating the Waves of Global Shipping: Drivers and Aggregate Implications” (PDF)
with Jason Dunn
Federal Reserve Bank of St. Louis Working Paper 2023-002C, February 2024
“The Allocation of Immigrant Talent: Macroeconomic Implications for the U.S. and Across Countries” (PDF)
with Serdar Birinci and Kurt See
Federal Reserve Bank of St. Louis Working Paper 2021-004D, January 2024
“Shortages of Critical Goods in a Global Economy: Optimal Trade and Industrial Policy” (PDF)
with Ana Maria Santacreu
Federal Reserve Bank of St. Louis Working Paper 2020-010G, December 2023
Fernando Leibovici is an economic policy advisor in the Research division of the Federal Reserve Bank of St. Louis, which he joined in September 2016. His research studies questions at the intersection of international trade and macroeconomics. Most recently, he has studied the drivers and implications of global shipping dynamics, the extent to which trade risk affects the gains from trade openness, and the potential for trade and industrial policy to mitigate shortages of critical goods in a global economy. He holds a B.S. in economics and philosophy from the University of Toronto, an M.A. in economics from the University of Toronto, and a Ph.D. in economics from New York University.
Leibovici’s research has been published in top academic journals, including the Journal of Political Economy, American Economic Journal: Macroeconomics, Journal of International Economics, International Economic Review, and Canadian Journal of Economics, among others. His work has been featured in prime media outlets including the Wall Street Journal and Barron’s. Leibovici was previously an assistant professor of economics at York University in Toronto, where he taught undergraduate and graduate courses in macroeconomics.
