Carlos Yépez

• ECON 1020 - Introduction to Macroeconomic Principles
• ECON 2020 - Macroeconomic Theory I 
• ECON 3650 - Monetary Theory and Policy
• ECON 4020 - Topics in Advanced Macroeconomic Theory
• ECON 4490 / 7300 - Macroeconometrics for Policy Analysis 
• ECON 7650 - Advanced Macroeconomic Theory I 
• ECON 7660 - Advanced Macroeconomic Theory II 

I am an Associate Professor of Macroeconomics in the Economics & Econometrics stream of the department. I also serve on the journal's editorial board of Research in Globalization (Elsevier).

My research interests lie in macroeconomics and monetary economics, international finance, time series econometrics, business cycles, and policy analysis emphasizing emerging market economies. 

My current research aims to study the sources and mechanisms behind the transmission of short-term aggregate fluctuations and analyze the macroeconomic policy implications that arise from a better understanding of such mechanisms.

• PhD (International Economics & Finance), Brandeis University, 2012
• MSc (International Economics & Finance), Brandeis University, 2008
• PreMA Honours (Economics), McGill University, 2006
• MEng (Technology Management), Carleton University, 2004
• BEng (Electronics Engineering), Pontificia Universidad Javeriana

Research interests

• Macroeconomics
• Monetary economics
• International finance
• Applied macroeconomics
• Monetary and fiscal policy 
• Development macroeconomics
• Financial intermediation and financial markets 

• Yépez, C., & Dzipke, F. (2022) "Accounting for Real Exchange Rates in Emerging Economies: The Role of Commodity Prices." International Review of Economics and Finance, 79, 476-492.
• Yépez C. (2020) "International risk sharing in emerging economies." International Finance, 23(3), 434–59.
• Yépez, C. (2019). "Informality and International Business Cycles." Journal of International Financial Markets, Institutions & Money, 62(5), 252-263.
• Yépez, C. (2018). "Financial Intermediation and Real Estate Prices on Business Cycles: A Bayesian Analysis, North American." Journal of Economics and Finance, 45, 138-160.
• Yépez, C. (2018). "Cyclical wage movements in emerging markets compared to developed economies: A general equilibrium comment." The Journal of International Trade & Economic Development, 27(6), 655-666.
• Yépez, C. (2017). "The Impact of Credit and Fiscal Policy under a Liquidity Trap, North American." Journal of Economics and Finance, 44, 1-11.
• Yépez, C. (2017). "Financial Conditions and Labor Productivity over the Business Cycle." Economics Letters, 150(1), 34-38.
• Yépez, C. (2017). "Financial Intermediation, Consumption Dynamics, and Business Cycles." Economic Modelling, 60(1), 231-243.

• SSHRC Insight Development Grant ($49,880. Principal Investigator for Firms, Informality, and the Dynamic Effects of Monetary Policy): 2022-2025