I am a Senior Economist in the Financial Studies Unit at the Central Bank of Chile. I hold a PhD in Economics from Tilburg University.
My research covers financial intermediation and labor markets. On the financial side, I ask how lending relationships transmit liquidity and information across banks, and how central bank collateral policy affects the structure of financial markets. On the labor side, I ask how firms use flexible contracts to adjust over the business cycle, and how this adjustment changes aggregate fluctuations. My empirical work uses administrative microdata from Chile and the Netherlands.
Email: jcarreno@bcentral.cl
Working Papers
- Flexible Jobs in Macroeconomic Stabilization, RR @Journal of Economic Dynamics and Control
Work in Progress
- Interbank Relationships as an Information Device (with Guillermo Ordoñez)
- Flexibility, Technology and Wages in a Dual-Contract Labor Market (with Chang-tai Hsieh, Burak Uras and Harry Huizinga)
Publications
- Flexible Labor Contracts, Firm-specific Pay, and Wages (with Burak Uras and Harry Huizinga), European Economic Review (forthcoming)
- Decomposing the finance wage premium: Contributions of technology and risk (with Burak Uras, Ata Can Bertay, Harry Huizinga and Nathanael Vellekoop), 2026, Journal of Corporate Finance
- Macro Welfare Effects of Flexible Labor Contracts (with Burak Uras), 2024, European Economic Review
- Banks’ interconnections and peer effects: Evidence from Chile (with Rodrigo Cifuentes and Paula Margaretic), 2021, Research in International Business and Finance
- Identifying complex core-periphery structures in the interbank market (with Rodrigo Cifuentes), 2017, Journal of Network Theory in Finance
- The Chilean peso exchange-rate carry trade and turbulence (with Paulo Cox), 2017, CEPAL REVIEW
- El mercado interbancario en Chile: estructura de la red y evolución en el tiempo (with Rodrigo Cifuentes), 2016, Economia Chilena