Francisco M. Torralba

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Resume (pdf)


Non-academic experience

  • Research analyst, fixed-income at Nuveen Investments, Chicago, IL (Sept. 2008 - Jun. 2009). Assessed credit risk of municipal bond issuers in the healthcare and senior living sectors.
  • Auditor, KPMG, Barcelona, Spain (Sept. 1999 - Jul. 2001). Conducted audits of financial statements of entities in financial sector (insurance companies, mutual funds, pension funds, banks).

Academic work
 Papers
Bankruptcy Law and Consumption Smoothing. In progress.
The Importance of Business Owners in Assessing the Size of Precautionary Savings (with E. Hurst, A. Lusardi, and A. Kennickell). Review of Economics and Statistics, February 2010, Vol. 92, No.1, 61-69.
Modeling Beauty. June 2004. Prepared for Gary Becker's Human Capital class.
New Evidence on the Effects of Sales Taxes on Retail Activity.  (Presented at the 2004 SRSA Annual Conference in New Orleans.) 
A note on ecological rationality, Bayesian learning, and rational expectations. Figures. December 2003.

Teaching

Teaching assistant for the following undergraduate courses at the University of Chicago:
  • Econ 210 (econometrics), winter 2006.
  • Econ 201 (microeconomics), winter 2005.
  • Econ 202 (macroeconomics), spring 2004.
  • Econ 202 (macroeconomics), winter 2004.
  • Econ 203 (macroeconomics), fall 2003.

 Simulations
(p is the persistence of the productivity shock, i.e. the probability of keeping the same productivity; N is the size of the labor force.)

Figure 2. Rational expectations. 
Figure 3. Bayesian learning (red) vs. rational expectations (green)







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