Welcome

I am an Associate Professor at the Department of Economics of McMaster University.  I serve as Associate Chair of the Department for the period 2021-2025.

I am also the Placement Director for the years 2023-2025: check out our job market candidates this year!

My SSRN page is here. My Google Scholar page is here.

Work in progress and working papers

∙ Trade Wars with Trade Deficits (with J. Rossbach).
Intuition document
Policy relevance: Reciprocal Tariff Calculations, White House Briefing
Context: Globe and Mail
Media (Canada): Globe and Mail,  CBC, The Hill Times,  Strategy Magazine, Toronto Life, Hamilton Spectator
Media (Spain): NadaEsGratis (I), NadaEsGratis (II), El Diario (I), El Diario (II) Regio 7, Mes324 (324), La Tarda (Catalunya Radio), Todo Es Mentira (Cuatro), Vilaweb, El Pais (English), El Pais (Spanish), Versio RAC1 (RAC 1), El Segre, El Nacional, La Vanguardia (I), La Vanguardia (II),  20 Minutos, La Sexta, El Debate, EFE
Media (US): Washington Post, Wall Street Journal, Yahoo Finance,  MSN
Media (UK): NewsWeek (I), NewsWeek (II), Financial Times, The Independent 

∙ How Should Canada React to the Looming U.S. Trade War? (with J. Rossbach).
Media: BrighterWorld, Catalunya Radio,  The Hill Times, NewsWeek, Strategy Magazine, CBC, Globe and Mail, MSN

∙ Improving Trade Policy Modeling with Best-Fit Elasticities (with T. J. Kehoe, J. Rossbach, and K. J. Ruhl).

∙ Non-Homothetic Ricardo (with O. Loertscher and W. Steingress).

Publications

∙ The Cost of Trade Disruptions at Different Stages of Development (with J. C. Conesa, M. J. Delventhal, and G. Raveendranathan), International Economic Review, vol.  65(3), August 2024, 1133-1161.
SSRN link
Media: NadaEsGratis

∙ Canadian Productivity Growth: Stuck in the Oil Sands (with O. Loertscher), Canadian Journal of Economics, vol. 57(2), May 2024, 478-501.
SSRN link
Media: Globe and Mail, Globe and Mail (II), The Hub, TVO, Brighter World, Worthwile Canadian Initiative, NadaEsGratis, Canadian Tax Foundation, National Observer, Spotify, MacLean's

∙ 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.
SSRN link

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

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

Media: National Observer

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

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

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

(Co-)organization of conferences and visits

∙ Inaugural Canadian International Trade Study Group, 2024

∙ The Mini-conference on Productivity, 2024

∙ The 2024 Jamboree 

∙ A Conference in Honor of Tim Kehoe, 2023

∙ 2014, 2015, 2016, 2017, 2018, 2019, 2022 Productivity, Aggregate Efficiency and Labor: Latest Advances (a.k.a. "The P.A.E.L.L.A. workshop")

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

∙ 2016 Junior Faculty Workshop

∙ 2015 Workshop in International Economics

∙ 2014 Canadian Macroeconomics Study Group

∙ List of people invited to give a talk at Mac

Address:

1280 Main Street West
KTH 419 McMaster University
Hamilton, Ontario
Canada L8S 4M4

Phone: +1 905 525-9140 ext. 23819

E-mail: pujolasp [at] mcmaster.ca