Gustavo.Joaquim@bos.frb.org
Biography
Gustavo Joaquim is an economist in the Federal Reserve Bank of Boston Research Department. His research focuses on financial economics, especially financial intermediation and banking. He is also interested in topics in macroeconomics and applied econometrics. Joaquim has studied the role of financial frictions, market power, and the effectiveness of government interventions in credit markets. Recently, he has studied in detail the design and effects of the Paycheck Protection Program. In the macroeconomics field, he has studied the pass-through of costs into prices and how it is affected by industry concentration.
Joaquim joined the Boston Fed in 2020 after earning his PhD in economics from the Massachusetts Institute of Technology. He has a master’s in economics from Pontifical Catholic University of Rio de Janeiro and a bachelor’s in economics from Insper Institute in São Paulo.
Work Experience
Federal Reserve Bank of Boston
Economist, 2020–
Education
PhD, Economics, Massachusetts Institute of Technology, 2020
MSc, Economics, Pontifical Catholic University of Rio de Janeiro, 2014
BSc, Economics, Insper Institute, 2011
Primary fields of research
Macroeconomics, banking
Publications
Working Papers and Other Unpublished Papers
“What Do 25 Million Records of Small Businesses Say about the Effects of the PPP?” with J. Christina Wang. 2022. Federal Reserve Bank of Boston Research Department Working Papers No. 22-23. https://doi.org/10.29412/res.wp.2022.23
“Government Banks and Interventions in Credit Markets,” with Felipe Netto and José Renato Haas Ornelas. 2022. Federal Reserve Bank of Boston Research Department Working Papers No. 22-20. https://doi.org/10.29412/res.wp.2022.20
“Cost-Price Relationships in a Concentrated Economy,” with Falk Bräuning and José L. Fillat. 2022. Federal Reserve Bank of Boston Current Policy Perspectives. May 23, 2022.
“Corporate Finance and the Transmission of Shocks to the Real Economy,” with Falk Bräuning and José Fillat. 2021. Federal Reserve Bank of Boston Research Department Working Papers No. 21-18. https://doi.org/10.29412/res.wp.2021.18
“Allocation and Employment Effect of the Paycheck Protection Program.” 2021. Federal Reserve Bank of Boston Research Department Current Policy Perspectives. December 21, 2021.
“Bank Incentives and the Effect of the Paycheck Protection Program,” with Felipe Netto. 2021. Federal Reserve Bank of Boston Research Department Working Papers No. 21-15. https://doi.org/10.29412/res.wp.2021.15
“Optimal Allocation of Relief Funds: The Case of the Paycheck Protection Program,” with Felipe Netto. 2021. Federal Reserve Bank of Boston Research Department Working Papers No. 21-16. https://doi.org/10.29412/res.wp.2021.16