I am an Assistant Professor at the Department of Economics at
Southern Methodist University. I am also a CESifo Research
Network Affiliate. I received my Ph.D. in Economics
from the University of Minnesota. Prior to that, I studied at
CEMFI and Universidad Carlos III
de Madrid.
My research combines income and spending micro-data with quantitative life-cycle and spatial models to answer questions on macroeconomic policy and labor economics; with a particular focus on measuring the propagation and pass-through of income and price changes to individuals' welfare. Contact: romadera@smu.edu |
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PUBLICATIONS
Self-Employment Promotion as Active Labor Market Policy: Design and Trade-offs in Rigid Labor Markets
(with Joaquin Garcia-Cabo and Zoe Xie) -
Economics Letters, accepted
Consumption Dynamics and Welfare Under Non-Gaussian Earnings Risk
(with Fatih Guvenen and Serdar Ozkan) -
Journal of Economic Dynamics and Control, December 2024
Does Self-Employment Pay? The Role of Unemployment and Earnings Risk
(with Joaquin Garcia-Cabo) -
Oxford Bulletin of Economics and Statistics, April 2024
Skewed Idiosyncratic Income Risk over the Business Cycle: Sources and Insurance
(with Chris Busch, David Domeij, and Fatih Guvenen) -
AEJ: Macroeconomics, April 2022
Income Contingent University Loans: Policy Design and an Application to Spain
(with Antonio Cabrales, Maia Güell, and Analia Viola)
- Economic Policy, July 2019
BOOK CHAPTERS
University financing: sustainability, efficiency and redistribution
(with Antonio Cabrales, Maia Güell, and Analia Viola)
- prepared for Beyond Ivory Tower. Navigating Higher Education in the Future, Funcas Social and Economic
Studies, November 2024
La financiación de las universidades: sostenibilidad, eficiencia y redistribución
(with Antonio Cabrales, Maia Güell, and Analia Viola)
- prepared for Desafíos y oportunidades para el futuro de la educación superior, Papeles de Economía Española, June 2024
WORKING PAPERS
The Insurance Value of Public Insurance Against Idiosyncratic Income Risks
(with Chris Busch)
Urban Welfare: Tourism in Barcelona
(with Treb Allen, Simon Fuchs, Sharat Ganapati, Alberto Graziano, and Judit
Montoriol-Garriga)
WORK IN PROGRESS
Income Dynamics of Couples: Correlated Risks and Heterogeneous
Within-Household Insurance (with Chris Busch and Fane
Groes)
Early-Career Job Instability and Life-Cycle Income Dynamics (with Antonio
Cabrales and Maia Güell)
Spatial Fiscal Policy: Stimulus Payments in a Consumption Network (with Simon Fuchs, Wookun Kim, and Hoyoung Yoo)
Last update: September 2025.