Aaron Tornell
Professor
tornell@econ.ucla.eduOffice: Bunche Hall 8387
Phone: (310) 794-1686
Fax: (310) 825-9528
Research Interests
Lending booms and financial crises, Robust forecasting and Asset pricing
Selected Publications
- Financial Liberalization and Allocative Efficiency (April 2012)
- Was the U.S. Crisis a Financial Black-Hole?
- The Dynamic Tragedy-of-the-Commons in the Eurozone, the ECB and Target2 Imbalances (September 2012)
- Greece: The Sudden Stop that Wasn't
- Currency Mismatch, Systemic Risk in Emerging Europe (December 2009)
- Systemic Risk-Taking and the U.S. Financial Crisis (September 2009)
- Extended Appendix to Exchange Rates Under Robustness: The Forward Premium Puzzle
- Exchange Rates Under Robustness: The Forward Premium Puzzle and Momentum (November 2008) (Abstract)
- Unpublished Appendix to Systemic Crises and Growth (May 2007)
- Decomposing the Effects of Financial Liberalization: Crises vs. Growth, Journal of Banking and Finance, December 2006.
- Concentrated Ownership and Bailout Guarantees (November 2005)
- Systemic Crises and Growth (May 2007, forthcoming Quarterly Journal of Economics)
- Balance Sheet Effects, Bailout Guarantees and Financial Crises (2004, Review of Economic Studies) (Abstract)
- Liberalization, Growth and Financial Crises (October 2003)
- Exchange Rate Anomalies Under Model Misspecification: A Mixed Optimal/Robust Approach (January 2003)
- Exchange Rate Puzzles and Distorted Beleifs (June 2003), with Pierre-Olivier Gourinchas
- Crises and Growth: A Re-evaluation (September 2003)
- Credit Market Imperfections in Middle Income Countries (January 2003) (Abstract)
- Soft Landings (February 2000), with Martin Schneider (Abstract)
- The Role of Bank Restructuring in Recovering From Crises: Mexico 1995-1998 (March 1999), with Anne Krueger (Abstract)
- Robust-H_infinity Forecasting and Asset Pricing Anomalies (December 2001) (Abstract)
- The Credit Channel in Middle Income Countries (October 2002), with Frank Westermann (Abstract)