Gabriel Mihalache
International Economics

My name is Gabriel, I study topics in International Macroeconomics. My work centers largely around the consequences of sovereign default risk for the maturity structure of public debt, sectoral reallocation, capital accumulation, and fiscal-monetary interactions. I am an Assistant Professor of Economics at Stony Brook University since 2018. I received my PhD in 2016 from the University of Rochester. I am originally from Romania and this is how you pronounce my last name.

News: Friday, Sep 18, Cristina will present updated results for our "Deadly Debt Crises: COVID-19 in Emerging Markets" project at PSE Annual Macro Meeting: SCOR-PSE Chair Conference and Chair Banque de France Conference at 1pm NY time (7pm Paris). New draft coming soon!

Publications

  • "Sovereign Default Resolution Through Maturity Extension,"
    PDF DOI Code

    Journal of International Economics, Volume 125C, 2020, ISSN 0022-1996
  • "Default Risk, Sectoral Reallocation, and Persistent Recessions,"
    PDF DOI

    with Cristina Arellano and Yan Bai
    Journal of International Economics, Volume 112, 2018, ISSN 0022-1996
  • "The Payment Schedule of Sovereign Debt,"
    PDF DOI

    with Yan Bai and Seon Tae Kim
    Economics Letters, Volume 161, 2017, ISSN 0165-1765

Working Papers and In-Progress

  • "Bargaining over Mandatory Spending and Entitlements," July 2020
    PDF

    with Marina Azzimonti and Laura Karpuska
  • "Deadly Debt Crises: COVID-19 in Emerging Markets," June 2020
    PDF VMACS

    with Cristina Arellano and Yan Bai
    Media and General Audience: GlobalCapital, FRB Minneapolis, Stony Brook Magazine
  • "Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)," Jan 2020
    PDF

    with Cristina Arellano and Yan Bai
    Media and General Audience: FRB Minneapolis
  • "Pricing Slow-Moving Debt Crises Under Fiscal Rules"
  • "Optimal Simple Monetary Rules with Sovereign Risk"
    with Cristina Arellano and Yan Bai
  • "The Dynamic Firm Under Shareholder Disagreement"
    with Alexis Anagnostopoulos and Eva Cárceles-Poveda
  • "The Maturity and Payment Schedule of Sovereign Debt," Jun 2016
    PDF

    with Yan Bai and Seon Tae Kim
Deadly Debt Crises

Resources

Teaching

All materials, including syllabi and recordings, are distributed via Blackboard. Class-specific office hours are listed in the syllabus. For other appointments, please email. Students, please use gabriel.mihalache@stonybrook.edu and include the class name in the subject. Thank you!

Spring 2021

  • ECO 356 Topics: International Finance
  • ECO 610 Advanced Macroeconomic Theory (PhD)

Fall 2020

  • ECO 325 International Economics
  • ECO 615 Advanced Macroeconomics Workshop (PhD)

Previously

  • ECO 305 Intermediate Macroeconomic Theory
  • ECO 531 Introduction to Computational Methods in Economics (MA)
  • ECO 613 Computational Macroeconomics (PhD)
Sovereign Yield Spreads
Gabriel Mihalache

Contact:
gabriel.mihalache@stonybrook

S633, Social & Behavioral Sciences, Stony Brook, NY 11794

Curriculum Vitae (PDF)

Google Scholar, GitHub