Gaston Navarro

Gaston Navarro is a senior research economist in the Research Department. His research interests include fiscal policy, monetary policy, and international economics.

Navarro joined the Federal Reserve Bank of Richmond in October 2025 after working as an economist at the Federal Reserve Board of Governors from 2015 to 2025. He earned a doctorate in economics from New York University and a master of science in economics from the Universidad Torcuato Di Tella in Argentina.

Academic Publications

Fiscal Management of Aggregate Demand: The Effectiveness of Labor Tax Credits

IMF Economic Review, forthcoming

Axelle Ferriere and Gaston Navarro

Self-fulfilling Debt Crises with Long-Stagnations

Journal of Political Economy, forthcoming

Joao Ayres, Gaston Navarro, Juan Pablo Nicolini and Pedro Teles

The Heterogeneous Effects of Government Spending: It’s All About Taxes

Review of Economic Studies, forthcoming

Axelle Ferriere and Gaston Navarro

Sectoral Shocks, Reallocation, and Labor Market Policies

European Economic Review, Vol. 256, July 2023: 104494

Joaquin Garcia-Cabo, Anna Lipinska and Gaston Navarro

On the Optimal Design of Transfers and Income-Tax Progressivity

Journal of Political Economy Macroeconomics, Vol. 1, June 2023: 276–333

Axelle Ferriere, Philipp Grübener, Gaston Navarro and Oliko Vardishvili

Foreign Effects of Higher U.S. Interest Rates

Journal of International Money and Finance, Vol. 95, July 2019: 232-250

Matteo Iacoviello and Gaston Navarro

Sovereign Default: The Role of Expectations

Journal of Economic Theory, Vol. 175, May 2018: 803-812

Joao Ayres, Juan Pablo Nicolini, Gaston Navarro and Pedro Teles

The Argentine Economy After Two Centuries

Latin American Journal of Economics, Vol. 48, November 2011: 133-156

Francisco Buera, Gaston Navarro and Juan Pablo Nicolini

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Gaston Navarro

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