Photo of Sergio Villalvazo

Sergio Villalvazo

Education

  • Ph.D., Economics, University of Pennsylvania, 2021
  • M.A., Economics, University of Pennsylvania, 2019
  • M.A., Economic Theory, ITAM, 2015
  • B.A., Economics, ITAM, 2012
Current Research Topics
  • Financial Frictions and Heterogeneity
  • Macroprudential Policies
  • Economist

    Board of Governors of the Federal Reserve System

    2021 - present
  • Visiting Scholar

    Federal Reserve Bank of Atlanta

    2020
  • Quantitative Researcher

    Citadel

    2019
  • Economist

    Banco de Mexico

    2012 - 2015
  • Inequality and Asset Prices during Sudden Stops
    Sergio Villalvazo
    International Finance Discussion Papers (2024)
    https://doi.org/10.17016/IFDP.2024.1388
  • FDI flows and sudden stops in small open economies
    Sergio Villalvazo
    Journal of Macroeconomics (2024)
    https://doi.org/10.1016/j.jmacro.2024.103586
  • Disclosure Regulation, Intangible Capital and the Disappearance of Public Firms
    Sara Casella, Hanbaek Lee, and Sergio Villalvazo
    Finance and Economics Discussion Series (2023)
    https://doi.org/10.17016/FEDS.2023.050
  • SVARs with occasionally-binding constraints
    S. Borağan Aruoba, Marko Mlikota, Frank Schorfheide, and Sergio Villalvazo
    Journal of Econometrics (2022)
    https://doi.org/10.1016/j.jeconom.2021.07.013
  • Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk
    Dirk Krueger, Alexander Ludwig, and Sergio Villalvazo
    Journal of Public Economics (2021)
    https://doi.org/10.1016/j.jpubeco.2021.104491
  • Piecewise-Linear Approximations and Filtering for DSGE Models with Occasionally-Binding Constraints
    S. Borağan Aruoba, Pablo Cuba-Borda, Kenji Higa-Flores, Frank Schorfheide, and Sergio Villalvazo
    Review of Economic Dynamics (2021)
    https://doi.org/10.1016/j.red.2020.12.003
    See also » FRB Working Paper (2020)
  • Essays on Financial Crises
    Sergio Villalvazo Martin
    Dissertations (University of Pennsylvania) (2021)
  • FiPIt: A simple, fast global method for solving models with two endogenous states & occasionally binding constraints
    Enrique G. Mendoza and Sergio Villalvazo
    Review of Economic Dynamics (2020)
    https://doi.org/10.1016/j.red.2020.01.001
  • The effect of natural gas shortages on the Mexican economy
    Carlo Alcaraz and Sergio Villalvazo
    Energy Economics (2017)
    https://doi.org/10.1016/j.eneco.2017.06.006
  • conference

    2024

    MEA at Chicago

    Financial Development and the Severity of Crises

  • conference

    2023

    9th Annual West Coast Workshop in International Finance at UBC

    Inequality and Asset Prices during Sudden Stops

  • conference

    2023

    EEA-ESEM at Barcelona

    Inequality and Asset Prices during Sudden Stops

  • conference

    2023

    NASMES at Los Angeles

    Disclosure Regulation, Intangible Capital and the Disappearance of Public Firms

  • conference

    2023

    FRB Macro Finance Workshop

    Inequality and Asset Prices during Sudden Stops

  • conference

    2023

    NBER IFM Spring Meeting

    Inequality and Asset Prices during Sudden Stops

  • conference

    2022

    SEA at Fort Lauderdale

    Inequality and Asset Prices during Sudden Stops

  • conference

    2022

    NASMES at Miami

    Inequality and Asset Prices during Sudden Stops

  • conference

    2022

    EEA-ESEM at Milan

    Inequality and Asset Prices during Sudden Stops

  • conference

    2022

    Midwest Macro at Utah

    Inequality and Asset Prices during Sudden Stops

  • conference

    2021

    Latin American Meeting of the Econometric Society at Bogota

    Inequality and Asset Prices during Sudden Stops

  • conference

    2021

    ITAM

    Disclosure Regulation, Intangible Capital and the Disappearance of Public Firms

  • conference

    2021

    European Summer Meeting of the Econometric Society at Copenhagen

    Inequality and Asset Prices during Sudden Stops

  • conference

    2021

    SED (Society of Economic Dynamics) at Minnesota

    Inequality and Asset Prices during Sudden Stops

  • conference

    2021

    IAAE (International Association for Applied Econometrics) at Rotterdam

    SVARs with Occasionally-Binding Constraints

  • conference

    2021

    North American Summer Meeting of the Econometric Society at Quebec

    SVARs with Occasionally-Binding Constraints

  • seminar

    2021

    Chicago Fed, QMUL, World Bank, Bank of England, FRB, Tufts University, Penn State, UT Austin, SUNY Albany, Dallas Fed, ITAM, U Maryland

    Inequality and Asset Prices during Sudden Stops

  • conference

    2020

    ITAM

    Inequality and Asset Prices during Sudden Stops

  • seminar

    2020

    Federal Reserve Bank of Atlanta

    Inequality and Asset Prices during Sudden Stops

  • seminar

    2019

    University of Pennsylvania

    FDI Flows and Sudden Stops in Small Open Economies

  • seminar

    2018

    Macro Financial Modelling Summer Session at Cape Cod

    FDI Flows and Sudden Stops in Small Open Economies

  • seminar

    2018

    Latin American Meeting of the Econometric Society at Guayaquil

    FDI Flows and Sudden Stops in Small Open Economies

  • seminar

    2018

    European Winter Meeting of the Econometric Society at Naples

    FDI Flows and Sudden Stops in Small Open Economies

Awards
  • 2021

    Citi-Banamex Prize

    Honorable Mention

  • 2020

    Federal Reserve Bank of Atlanta

    Summer Fellowship

  • 2019

    University of Pennsylvania and PIER

    Matching Grant

  • 2018

    University of Pennsylvania

    The President Gutmann Leadership Award

  • 2018

    Princeton University

    Macro-Finance Initiative

Conference Organization
  • May 9-10, 2024 | Federal Reserve Board

    FRB Conference on the Macroeconomic Seeds of Financial Imbalances

    Co-Organizer

Referee
  • Econometrica
  • International Economic Review
  • International Journal of Central Banking
  • Journal of Applied Econometrics
  • Journal of Economic Dynamics and Control
  • Journal of International Money and Finance
  • Journal of Macroeconomics
  • Journal of Monetary Economics
  • Macroeconomic Dynamics
  • Quantitative Economics
Professional Affiliation
  • American Economic Association
  • Econometric Society
  • European Economic Association
  • Macro-Finance Society
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Last Update: August 2, 2024