Federal Reserve Bank of St. Louis
Alexander Monge-Naranjo is a macroeconomist with a wide array of research interests centered on frictions and imperfections in the labor and credit markets. His most recent work has focused on the impact of credit constraints on the formation of human capital, specifically on investments in higher education.
He also works on the aggregate implications of reallocating skills and the diffusion of knowledge across countries; on the ability of learning models to explain the dynamics and cross-section behavior of the adoption of government policies across countries; and on the impact of contract enforcement limitations on the behavior of firms.
Monge-Naranjo is a former assistant professor at Pennsylvania State University. Previously he was at Universidad de Costa Rica, Northwestern University and INCAE Business School. On several occasions he has been an external consultant for the World Bank, the Inter American Development Bank and the Central Bank of Costa Rica.
He earned his master's in economics from P. Universidad Catolica de Chile and his Ph.D. in economics from The University of Chicago.
Recent Papers and Publications:
- "The Nature of Credit Constraints and Human Capital", The American Economic Review, forthcoming 2011 (with Lance Lochner)
- "Learning and the Wealth of Nations", Econometrica, January 2011, Vol. 79, Issue 1, pp. 1-45 (leading article) (with Francisco Buera and Giorgio Primiceri)
- "Foreign Know-How, Firm Control and the Income of Developing Countries", The Quarterly Journal of Economics, February 2009, Vol. 124, No. 1: 149.195. (with Ariel Burstein)
- "Entrepreneurship and Firm Heterogeneity under Limited Commitment", The Annals of Finance, April 2009, Vol. 5, No. 3-4: 465-494
- "Foreign Firms and the Diffusion of Knowledge", 2011 (submitted)