Our Team

Juan Carlos Hatchondo

Juan Carlos Hatchondo was an economist in the Research Department of the Federal Reserve Bank of Richmond from 2005 to 2014. He is currently an assistant professor of economics at Indiana University.

Personal Website

Bank Publications

Economic Quarterly, Second Quarter 2012

On the Benefits of GDP-Indexed Government Debt: Lessons from a Model of Sovereign Defaults

Juan Carlos Hatchondo and Leonardo Martinez

Economic Brief, November 2011, No. 11-11

Recoveries From Recessions Associated With Banking Crises: How Does This One Compare?

Juan Carlos Hatchondo, David A. Price and Jonathan Tompkins

Economic Quarterly, Second Quarter 2011

Legal Protection to Foreign Investors

Juan Carlos Hatchondo and Leonardo Martinez

Economic Brief, January 2011, No. 11-01

How Might the Fed's Large-Scale Asset Purchases Lower Long-Term Interest Rates?

Renee Haltom and Juan Carlos Hatchondo

Economic Quarterly, Third Quarter 2010

The Politics of Sovereign Defaults

Juan Carlos Hatchondo and Leonardo Martinez

Economic Brief, February 2010, No. 10-02

Is a New Asset Bubble Emerging in Certain Markets?

Renee Haltom, Brian Gaines and Juan Carlos Hatchondo

Economic Quarterly, Summer 2009

The Behavior of Household and Business Investment over the Business Cycle

Kausik Gangopadhyay and Juan Carlos Hatchondo

Economic Quarterly, Winter 2008

A Quantitative Study of the Role of Wealth Inequality on Asset Prices

Juan Carlos Hatchondo

Economic Quarterly, Summer 2007

Quantitative Models of Sovereign Default and the Threat of Financial Exclusion

Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza

Economic Quarterly, Spring 2007

The Economics of Sovereign Defaults

Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza
Working Papers

March 2014, No. 14-05

Asset Trading and Valuation with Uncertain Exposure

Juan Carlos Hatchondo, Per Krusell and Martin Schneider

July 2013, No. 13-08

Sudden Stops, Time Inconsistency, and the Duration of Sovereign Debt

We study the sovereign debt duration chosen by the government in the context of a standard model of sovereign default.

Juan Carlos Hatchondo and Leonardo Martinez

February 2013, No. 13-01R

International Reserves and Rollover Risk

This paper provides a theoretical framework to quantitatively investigate the optimal accumulation of international reserves to hedge against rollover risk.

Javier Bianchi, Juan Carlos Hatchondo and Leonardo Martinez

March 2012, No. 12-01

Fiscal Rules and the Sovereign Default Premium

This paper examines the optimality of fiscal rules and measures their aggregate effects using a baseline sovereign default framework.

Juan Carlos Hatchondo, Leonardo Martinez and Francisco Roch

September 2011, No. 11-05R

Mortgage Defaults and Prudential Regulations in a Standard Incomplete Markets Model (Revised February 2014)

Juan Carlos Hatchondo, Leonardo Martinez and Juan M. Sanchez

May 2010, No. 10-08R

Debt Dilution and Sovereign Default Risk (Revised February 2012)

Juan Carlos Hatchondo, Leonardo Martinez and Cesar Sosa Padilla

March 2010, No. 10-04

Quantitative Properties of Sovereign Default Models: Solution Methods Matter

Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza

October 2009, No. 09-13

On the Cyclicality of the Interest Rate in Emerging Economy Models: Solution Methods Matter

Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza

May 2008, No. 08-2R

Long-Duration Bonds and Sovereign Defaults (Revised July 2009)

We show that, when we assume that the government issues bonds with a duration similar to the average duration of sovereign bonds in emerging economies, the model generates an interest rate that is substantially higher and more volatile than the one obtained assuming one-quarter bonds.

Juan Carlos Hatchondo and Leonardo Martinez

March 2007, No. 07-1R

Heterogeneous Borrowers in Quantitative Models of Sovereign Default (Revised: Sep. 2008)

Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza

December 2006, No. 06-11

Computing Business Cycles in Emerging Economy Models

Juan Carlos Hatchondo, Leonardo Martinez and Horacio Sapriza

December 2005, No. 05-12

A Quantitative Study of the Role of Wealth Inequality on Asset Prices

Juan Carlos Hatchondo

September 2005, No. 05-7

Asymmetric Information and the Lack of International Portfolio Diversification

Juan Carlos Hatchondo

August 2005, No. 05-6

The Value of Information with Heterogeneous Agents and Partially Revealing Prices

Juan Carlos Hatchondo

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Juan Carlos Hatchondo

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