Working Papers - Marina Azzimonti

Working Papersmarinaaz2026-08-26T18:41:04+00:00

Working Papers

Clientelism, Institutions, and Sovereign Default, with N. Mitra (2026). R&R Review of Economic Studies
- Previous version: “Sovereign Default and Tax-smoothing in the Shadow of Corruption and Institutional Weakness” + Online Appendix
- Listen to the Speaking of the Economy Podcast: When Countries Borrow, The Strength of Their Institutions Matters

U.S. Import Tariffs in 2025: Realized Tariff Rates, Import Prices, and Local Labor-Market Effects, with J. Titcomb (2026). FRB Richmond Working Paper No. 26-08, April.
- Listen to the Speaking of the Economy Podcast: Getting a Grip on U.S. Tariff Changes

Estimating Demand Shocks from Foot Traffic: A Big-Data Approach, with D. Wiczer and Y. Xuan (2026). FRB Richmond Working Paper No. 26-05, March. R&R International Economic Review
- Read an Insight about this paper in the Richmond Fed spotlight article: What Foot Traffic Reveals About Demand

IFI Lending, Conditionality, and Institutional Strength, with N. Mitra (2025).

Digital Economy and the Global Financial System, with V. Quadrini (2025). NBER Working Paper 34066
- Listen to the Speaking of the Economy Podcast: The Rise of Stablecoin and the Demand for Dollars

The Politics of Debt in the Era of Rising Rates, with N. Mitra (2024). FRB or Richmond Working Paper 24-12.
- Watch the presentation at the IMF’s 25th Jackes Polak Annual Research Conference

Pandemic Control in ECON-EPI Networks (with A. Fogli, F. Perri and M. Ponder), 2023.
- NBER Working Paper No. 27741
- Also available: Covid Economics: Vetted and Real-Time Papers, Issue 44, 25 August 2020,
  CEPR Discussion paper 15229, and Minneapolis Fed Staff Report 609
- Read: Minneapolis Fed Article
- Watch Presentations: COVID-19 Research Workshop (English) and Universidad de San Andres (Spanish)

Bargaining over Taxes and Entitlements, with L. Karpuska and G. Mihalache (2020). NBER working paper 27595.
- Previous version: Bargaining over Mandatory Spending and Entitlements.

The Politics of Sovereign Default under Financial Integration, with V. Quadrini (2017).

Optimal Policy and (the lack of) Time Inconsistency: Insights from Simple Models, with J. Soares and P. Sarte, (2016) [inactive]