I am an Associate Professor at the Department of Economics of McMaster University, currently serving as Associate Chair of the Department.

Working Papers

The Cost of Trade Disruptions at Different Stages of Development (with J. C. Conesa, M. J. Delventhal, and G. Raveendranathan) - Under revision for resubmission at the International Economic Review.

Optimal Design and Quantitative Evaluation of the Minimum Wage (with Z. L. Mahone).

Technical Appendix

Work in progress

∙ Improving Applied General Equilibrium Models of Trade Liberalization (with T. J. Kehoe, J. Rossbach and K. J. Ruhl).

∙ Calculating the Equilibria of Heterogeneous-Firm Trade Models (with T. J. Kehoe and K. J. Ruhl).


The Neoclassical Growth Model and the Labor Share Decline (with Z. L. Mahone and J. Naval), The B.E. Journal of Macroeconomics, vol. 21(2), June 2021, 607-628.

IDEAS link

Gains from Trade with Variable Trade Elasticities (with W. J. Brooks), International Economic Review, vol. 60(4), November 2019, 1619-1646.

IDEAS link

Trade Liberalization and Firm Productivity: Estimation Methods Matter (with J. M. Kealey and C. Sosa-Padilla), Economic Inquiry, vol. 57(3), July 2019, 1272-1283.

IDEAS link

The Curious Incident of Luxury Imports during the Top-Income Surge (with S. Houle and M. R. Veall), Economics Bulletin, vol. 39(2), June 2019, 1479-1487.

IDEAS link

The Canadian Productivity Stagnation, 2002-2014 (with J. C. Conesa), Canadian Journal of Economics, vol. 52(2), May 2019, 561-583.

Technical Appendix and Excel file with the data.

IDEAS link

Capital Accumulation and the Welfare Gains from Trade (with W. J. Brooks), Economic Theory, vol. 66(2), August 2018, 491-523.

IDEAS link

Quantitative Trade Models: Developments and Challenges (with T. J. Kehoe and J. Rossbach), Annual Review of Economics, vol. 9, August 2017, 295-325.

Link to the Minneapolis Fed Research Staff Report 537.

Link to NBER Working Paper 22706.

IDEAS link

Fiscal Discipline and Defaults (with G. Fernandez de Cordoba and J. L. Torres), Review of Economic Dynamics, vol. 24, March 2017, 1-13.

IDEAS link

The Opportunity Costs of Entrepreneurs in International Trade (with T. J. Kehoe and K. J. Ruhl), Economics Letters, vol. 146, September 2016, 1-3.

Link to the Minneapolis Fed Research Staff Report 533.

Link to NBER Working Paper 22514.

IDEAS link

Policy Distortions and Aggregate Productivity: the Role of Idiosyncratic Shocks (with J. M. Da-Rocha), The B.E. Journal of Macroeconomics, 11(1), Topics, 35, 2011.

IDEAS link

In Spanish

Eficiencia y Equilibrio en un Modelo de Formación de Derechos de Propiedad (with J. M. Da-Rocha and J. Sempere), El Trimestre Económico, vol. LXXXI (3), núm. 323, julio-septiembre, 2014, 579-593.

IDEAS link

Not peer-reviewed

Improving the Analysis of Trade Policy (with T. J. Kehoe and J. Rossbach), Federal Reserve Bank of Minneapolis Economic Policy Paper, 18-1, January 2018.

IDEAS link

(Co-)organization of conferences and visits

2014 Canadian Macroeconomics Study Group

2015 Workshop in International Economics

2016 Junior Faculty Workshop

2017, 2018, 2019 Annual Workshop of South Ontario Macro Economists (a.k.a "The A.W.S.O.M.E. conference")

∙ 2014, 2015, 2016, 2017, 2018, 2019 Productivity, Aggregate Efficiency and Labor: Latest Advances (a.k.a. "The P.A.E.L.L.A. workshop")

List of people invited to give a talk at Mac


1280 Main Street West

KTH 419 McMaster University

Hamilton, Ontario

Canada L8S 4M4


+1 905 525-9140 ext. 23819


pau [at] pujolasfons.com

pujolasp [at] mcmaster.ca