He is in the job market this year, about to graduate from the great @umn-econ.bsky.social under the guidance of fantastic advisors. If you’re looking to hire an international macroeconomist and a great guy you should definitely check him out 👇

www.gabrieldevoto.com/home

This reduces savings and has a negative effect on financial intermediation, which in the long-run leads to higher informality and lower tax revenues from the shrinking formal sector.

He develops a general equilibrium model in which these interact and shows that inflation increases household’s incentives to hold cash to pay for the now more expensive informal goods.

@gabriel-devoto.bsky.social documents that countries with high levels of inflation also feature large informal sectors and limited financial intermediation.

Mauricio is in the Job Market this year graduating from the great @umn-econ.bsky.social and you should definitely check him out if you’re looking to hire a great colleague doing macro and trade 👇

mbarbosaalves.github.io

Him and his coauthor Braulio develop a state-of-the-art special macro trade model to investigate these effects in general equilibrium. The model is disciplined using micro data from Brazil and is a fantastic display of cutting edge theoretical and empirical work.

Mauricio’s JMP shows that these investments may have a more pressing motivation: mitigating the effects of climate change, especially on the poor.