My name is Federico Bennett and I am an economist at the World Bank's Office of the Chief Economist for Middle East and North Africa. I hold a PhD and MA in Economics from Duke University and a MSc in Industrial Engineering from the Instituto Technologico de Buenos Aires.
My main research interests involve ambiguity aversion (Knightian uncertainty, e.g. Ellsberg paradox) and its applications to macroeconomics and finance. In particular, my recent papers explore how ambiguity-averse attitudes interact with strategic complementarities. I am also interested in questions related to the role of incomplete information and bounded rationality in macroeconomics more broadly.
Here's my CV.
You can contact me at: firstname.lastname@example.org
Updated January 2023
"The volatility of world trade in the 21st century: Whose fault is it anyway?" The World Economy, 2019 (link)
(with Daniel Lederman, Samuel Pienknagura, and Diego Rojas)
Abstract: This paper explores the drivers of the volatility of international trade. It decomposes trade growth into six components that have gained attention in the literature and studies their contribution to overall volatility. It yields three main findings. First, trade volatility in the 1990–2015 period is mostly explained by a common factor, changes in the gravity‐related characteristics of a country's trading partners and country‐specific factors. Product composition and the identity of trading partners appear to be less important in explaining volatility. Second, the pre‐2009 decline in volatility and the post‐2009 increase in volatility appear to be driven by different factors. The former is mostly explained by a decline in the variance of country‐specific factors; the latter appears to be driven by an increase in the volatility of common factors. Third, diversification is a likely force behind the steady decline in the volatility stemming from country‐specific factors, especially in developing countries.
Teaching Statement (link)
As Instructor of Record
ECON 210 - Intermediate Macroeconomics
Undergraduate Course (Summer 2021)
As Teaching Assistant
ECON 702 - Macroeconomic Analysis I
PhD Course, Department of Economics (Fall 2018)
ECON 706 - Macroeconomic Analysis II
PhD Course, Department of Economics (Spring 2019)
Certificate in College Teaching (link)