Photo of Ricardo M. Reyes-Heroles

Ricardo M. Reyes-Heroles

Education

  • Ph.D., Economics, Princeton University, 2016
  • B.A., Economics, ITAM, 2010
  • B.S., Applied Mathematics, ITAM, 2009
Current Research Topics
  • Macroeconomic Implications of Globalization
  • International Trade & Open Economy Macroeconomics
  • Senior Economist

    Board of Governors of the Federal Reserve System

    2019 - present
  • Associate Editor

    Journal of International Economics

    2019 - present
  • Economist

    Board of Governors of the Federal Reserve System

    2016 - 2019
  • Research Assistant (Adviser)

    Mexican Ministry of Finance and Public Credit

    2008 - 2010
  • Reyes-Heroles, Ricardo, Charlotte T. Singer, and Eva Van Leemput (2021). "The Effect of U.S.-China Tariff Hikes: Differences in Demand Composition Matter," FEDS Notes 2021-03-04. Board of Governors of the Federal Reserve System (U.S.)
  • Dix-Carneiro, Rafael, João Paulo Pessoa, Ricardo Reyes-Heroles, and Sharon Traiberman (2021). "Globalization, Trade Imbalances and Labor Market Adjustment," International Finance Discussion Papers 1310. Board of Governors of the Federal Reserve System (U.S.).
  • Dix-Carneiro, Rafael, João Paulo Pessoa, Ricardo M. Reyes-Heroles, and Sharon Traiberman (2021). "Globalization, Trade Imbalances and Labor Market Adjustment," NBER Working Paper No. 28315. Cambridge, MA: National Bureau of Economic Research.
  • Reyes-Heroles, Ricardo, Sharon Traiberman, and Eva Van Leemput (2020). "Emerging Markets and the New Geography of Trade: The Effects of Rising Trade Barriers," International Finance Discussion Papers 1278. Board of Governors of the Federal Reserve System (U.S.).
  • Reyes-Heroles, Ricardo, and Gabriel Tenorio (2020). "Macroprudential Policy in the Presence of External Risks," Journal of International Economics, vol. 126 (September).
  • Reyes-Heroles, Ricardo, Sharon Traiberman, and Eva Van Leemput (2020). "Emerging Markets and the New Geography of Trade: The Effects of Rising Trade Barriers," IMF Economic Review, vol. 68, pp. 456-508.
  • Reyes-Heroles, Ricardo, and Gabriel Tenorio (2019). "Regime-Switching in Emerging Market Business Cycles: Interest Rate Volatility and Sudden Stops," Journal of International Money and Finance, vol. 93, pp. 81-100.
  • Reyes-Heroles, Ricardo M., and Gabriel Tenorio (2017). "Managing Capital Flows in the Presence of External Risks," International Finance Discussion Papers 1213. Washington: Board of Governors of the Federal Reserve System (U.S.).
  • Reyes-Heroles, Ricardo, and Gabriel Tenorio (2017). "Interest Rate Volatility and Sudden Stops: An Empirical Investigation," International Finance Discussion Papers 1209. Board of Governors of the Federal Reserve System (U.S.).
  • Reyes-Heroles Cardoso, Ricardo M. (2016). "Essays in International Economics," Ph.D. dissertation, Princeton University.
  • Reyes-Heroles, Ricardo. (2014). "Monotone Mechanisms When Types Are Multidimensional: The Linear Case," (in Spanish) La Gaceta de Economía, vol. 20, no. 33, pp. 1-14.
  • Bosch, Carlos, and Ricardo Reyes-Heroles (2011). "Pareto Optimal Partitions for a Particular Welfare Function," International Journal of Mathematical Analysis, vol. 5, no. 48, pp. 2395-2402.
  • Reyes-Heroles, Ricardo (2009). "The Financial Crisis: Origins and Effects," (in Spanish), La Gaceta de Economía., vol. 14, no. 26.
  • seminar

    2019

    MATW (Duke University), University of Maryland

    Escaping the Losses from Trade: The Impact of Heterogeneity on Skill Acquisition

  • conference

    2019

    CBC - IMF Economic Review (Santiago, Chile)

    Emerging Markets and the New Geography of Trade: The Effects of Rising Trade Barriers

  • seminar

    2019

    UVA

    The Role of Trade Costs in the Surge of Trade Imbalances

  • conference

    2019

    SED (Society for Economic Dynamics), Georgetown Conference on Economic Research

    Macroprudential Policy in the Presence of External Risks

  • seminar

    2018

    University of Rochester

    Escaping the Losses from Trade: The Impact of Heterogeneity on Skill Acquisition

  • seminar

    2018

    USITC, IMF, Duke University, CIDE (Mexico City), Interamerican Development Bank (Washington DC), University of Texas - Austin

    The Role of Trade Costs in the Surge of Trade Imbalances

  • conference

    2018

    Summer Meetings of the Econometrics Society (Cologne, Germany), Winter Meetings of the Econometric Society (Chicago)

    The Role of Trade Costs in the Surge of Trade Imbalances

  • seminar

    2018

    ITAM (Mexico City)

    Macroprudential Policy in the Presence of External Risks

  • conference

    2018

    SEA Annual Meetings, Washington Area International Finance Symposium (Washington DC), IEF Workshop (Mexico City)

    Macroprudential Policy in the Presence of External Risks

  • conference

    2018

    SED (Society for Economic Dynamics)

    Globalization and Structural Change in the United States: A Quantiative Assessment

  • seminar

    2017

    Chicago Booth, University of Michigan

    The Role of Trade Costs in the Surge of Trade Imbalances

  • conference

    2017

    SED, IEA World Congress, GCER 2017 (Georgetown University)

    The Role of Trade Costs in the Surge of Trade Imbalances

  • seminar

    2017

    ITAM-CIE

    Managing Capital Flows in the Presence of External Risks

  • conference

    2017

    West Coast Workshop in International Finance SCU, IEA World Congress, Midwest Macro Meetings - Spring 2017, SCIEA FRB Dallas-El Paso

    Managing Capital Flows in the Presence of External Risks

  • seminar

    2017

    Emory (Atlanta Workshop in International Economics), NYU, FRB Dallas, Central Bank of Mexico (Banxico)

    Globalization and Structural Change in the United States: A Quantiative Assessment

  • conference

    2017

    Southern Economic Association Meetings, ITAM-CIE (Alumni Research Conference)

    Globalization and Structural Change in the United States: A Quantiative Assessment

  • seminar

    2016

    World Bank, Uni. of Maryland, St. Louis Fed, UIUC, University of Houston, CREI, GWU, Johns Hopkins SAIS, NYU, Chicago Booth, Federal Reserve Board

    The Role of Trade Costs in the Surge of Trade Imbalances

  • conference

    2016

    LACEA-LAMES, FRB Dallas Fed - University of Houston Conference on International Economics

    The Role of Trade Costs in the Surge of Trade Imbalances

  • conference

    2016

    ITAM-PIER Conference on Macroeconomics; NBER Summer Institute 2016 - ITM; New Faces in International Economics Conference - Penn State University

    The Role of Trade Costs in the Surge of Trade Imbalances

  • seminar

    2015

    Central Bank of Mexico - Research Seminar; ITAM - CIE Brown Bag Seminar

    The Role of Trade Costs in the Surge of Trade Imbalances

  • conference

    2015

    Midwest Macro Meetings - Fall 2015; EconCon Conference

    The Role of Trade Costs in the Surge of Trade Imbalances

Awards
  • 2015

    National Council for Science and Technology (CONACYT, Mexico)

    Fellowship for Graduate Studies

  • 2010

    Princeton University

    International Economics Section Fellowship

  • 2012

    Princeton University

    International Economics Section Summer Grant

Conference Organization
  • March, 2019 | Federal Reserve Board

    International Trade Dynamics Workshop

    Organizer

Editor
  • Associate Editor, Journal of International Economics, 2019 - present
  • Associate Editor, Latin American Journal of Central Banking, 2020 - present
Referee
  • American Economic Review
  • American Economic Review: Insights
  • American Economic Journal: Macroeconomics
  • Economics Letters
  • European Economic Review
  • International Journal of Finance and Economics
  • Journal of International Economics
  • Journal of International Money and Finance
  • Journal of Monetary Economics
  • Journal of Political Economy
  • Journal of the European Economic Association
  • Quarterly Journal of Economics
  • Review of Economic Dynamics
  • Review of Economic Studies
  • Review of International Economics
  • Review of World Economics
Professional Affiliation
  • American Economic Association
  • The Econometric Society
Last update: April 5, 2021