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Research Interests
international trade, macroeconomics, international finance, patentsSelected Work
“Dynamic Gains from Trade Agreements with Intellectual Property Provisions”
Forthcoming in Journal of Political Economy
Related working paper (PDF)
“International Technology Licensing, Intellectual Property Rights, and Tax Havens”
Forthcoming in Review of Economics and Statistics
Related working paper (PDF)
“Supply Disruptions and Fiscal Stimulus: Transmission through Global Value Chains”
AEA Papers and Proceedings, May 2024
“Trade Liberalization versus Protectionism: Dynamic Welfare Asymmetries”
with B. Ravikumar and Michael J. Sposi
European Economic Review, 2024, Vol. 163
Related working paper (PDF)
“Managing Macroeconomic Fluctuations with Flexible Exchange Rate Targeting”
with Jonas Heipertz and Ilian Mihov
Journal of Economic Dynamics & Control, February 2022, Vol. 135
Related working paper (PDF)
“The Gravity of Experience”
with Pushan Dutt and Daniel Traca
Canadian Journal of Economics-Revue Canadienne d'Economique, February 2022, Vol. 55, No. 1, 7, pp. 213-248
Related working paper (PDF)
“Knowledge Diffusion, Trade and Innovation across Countries and Sectors”
with Jie (April) Cai and Nan Li
American Economic Journal-Macroeconomics, January 2022, Vol. 14, No. 1, 6, pp. 104-45
Related working paper (PDF)
“International Trade of Essential Goods during a Pandemic” (PDF)
with Fernando Leibovici
Covid Economics, CEPR Press, May 22, 2020, No. 21, pp. 59-99
“International R&D Spillovers and Asset Prices”
with Federico Gavazzoni
Journal of Financial Economics, May 2020, Vol. 136, No. 2
Related working paper (PDF)
“Capital Accumulation and Dynamic Gains from Trade”
with B. Ravikumar and Michael J. Sposi
Journal of International Economics, July 2019, Vol. 119, pp. 93-110
Related working paper (PDF)
“Innovation, Diffusion, and Trade: Theory and Measurement”
Journal of Monetary Economics, October 2015, Vol. 75, pp. 1-20
Related working paper (PDF)
“The Trade Comovement Puzzle and the Margins of International Trade”
with Wei Liao
Journal of International Economics, July 2015, Vol. 96, No. 2, pp. 266-288
Related working paper (PDF)
“TFP, Capital Deepening, and Gains from Trade”
with B. Ravikumar and Michael J. Sposi
Federal Reserve Bank of St. Louis Review, Third Quarter 2023
“Demand-Supply Imbalance during the COVID-19 Pandemic: The Role of Fiscal Policy”
with Henry Young and Francois de Soyres
Federal Reserve Bank of St. Louis Review, First Quarter 2023
“Global Profit Shifting through Intellectual Property and the Impact of US Tax Reforms”
with Jesse LaBelle
Federal Reserve Bank of St. Louis Economic Synopses, 2023, No. 10
“Global Supply Chain Disruptions and Inflation During the COVID-19 Pandemic”
with Jesse LaBelle
Federal Reserve Bank of St. Louis Review, Second Quarter 2022
“Profit Shifting Through Intellectual Property”
with Jesse LaBelle
Federal Reserve Bank of St. Louis Economic Synopses, 2022, No. 22
“Supply Chain Disruptions and Inflation During COVID-19”
with Jesse LaBelle
Federal Reserve Bank of St. Louis Economic Synopses, 2022, No. 11
“Supply Chain Disruptions During the COVID-19 Recession”
with Jesse LaBelle
Federal Reserve Bank of St. Louis Economic Synopses, 2022, No. 2
“Global Value Chains and U.S. Economic Activity During COVID-19”
with Jesse LaBelle and Fernando Leibovici
Federal Reserve Bank of St. Louis Review, Third Quarter 2021
“The Rise of Asia as a Destination for U.S. Patenting”
with Jesse LaBelle
Federal Reserve Bank of St. Louis Economic Synopses, 2021, No. 27
“Technology Transfer and Regional Trade Agreements”
with Jesse LaBelle
Federal Reserve Bank of St. Louis Economic Synopses, 2021, No. 23
“The Economic Effects of the 2018 U.S. Trade Policy: A State-Level Analysis”
with Makenzie Peake
Federal Reserve Bank of St. Louis Review, Fourth Quarter 2020
“Domestic Innovation and International Technology Diffusion as Sources of Comparative Advantage”
with Heting Zhu
Federal Reserve Bank of St. Louis Review, Fourth Quarter 2018
“The Impact of the 2017 Tax Cuts and Jobs Act on U.S. Multinationals’ Intangible Assets” (PDF)
with Ashley Stewart
Federal Reserve Bank of St. Louis Working Paper 2024-020A, August 2024
“Cross-border Patenting, Globalization, and Development” (PDF)
with Jesse LaBelle, Inmaculada Martinez-Zarzoso, and Yoto Yotov
Federal Reserve Bank of St. Louis Working Paper 2023-031C, June 2024
“TFP, Capital Deepening, and Gains from Trade” (PDF)
with B. Ravikumar and Michael J. Sposi
Federal Reserve Bank of St. Louis Working Paper 2022-034A, September 2022
“Demand-Supply Imbalance during the COVID-19 Pandemic: The Role of Fiscal Policy” (PDF)
with Henry Young and Francois de Soyres
Federal Reserve Bank of St. Louis Working Paper 2022-019A, September 2022
“What Determines State Heterogeneity in Response to U.S. Tariff Changes?” (PDF)
with Michael J. Sposi and Jing Zhang
Federal Reserve Bank of St. Louis Working Paper 2021-007B, May 2021
“Shortages of Critical Goods in a Global Economy: Optimal Trade and Industrial Policy” (PDF)
with Fernando Leibovici
Federal Reserve Bank of St. Louis Working Paper 2020-010G, December 2023
“Technology Innovation and Diffusion as Sources of Output and Asset Price Fluctuations” (PDF)
with Diego Comin and Mark Gertler
Federal Reserve Bank of St. Louis Working Paper 2014-045A, November 2014
“Reaction Functions in a Small Open Economy: What Role for Non-traded Inflation?” (PDF)
Federal Reserve Bank of St. Louis Working Paper 2014-044A, November 2014
Ana Maria Santacreu is an economic policy advisor in the Research Division of the Federal Reserve Bank of St. Louis, which she joined in September 2014. Her main areas of research are international trade, macroeconomics, and international finance. She has a Ph.D. in economics from New York University and a master’s degree in economics from the London School of Economics.
Santacreu’s work has been published in economic journals such as American Economic Journal: Macroeconomics, Journal of Monetary Economics, and Journal of Financial Economics. She is also an associate editor of the European Economic Review and the Canadian Journal of Economics. Prior to joining the Bank, she was an assistant professor in the economics department at INSEAD Business School in France and Singapore.
