:: curriculum vitae 
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email :: 404-498-8785
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Federico Mandelman is a research economist and adviser on the macroeconomics and monetary policy team in the research department of the Federal Reserve Bank of Atlanta. His major fields of study are international macroeconomics, emerging economies, banking, and monetary economics.
Prior to joining the bank in 2006, Dr. Mandelman was a research assistant, teaching assistant, and instructor at Boston College. While working on his undergraduate degree in Argentina, he worked at banking institutions like BNP-Paribas and Banco de la Nación Argentina.
Dr. Mandelman received his doctorate in economics and a master of arts in economics from Boston College. He earned a degree in economics from the University of Buenos Aires in Argentina.
2024-2
Skilled Immigration Frictions as a Barrier for Young Firms
Federico S. Mandelman, Mishita Mehra, and Hewei Shen
January 2024
2024-1
Slowdown in Immigration, Labor Shortages, and Declining Skill Premia
Federico S. Mandelman, Yang Yu, Francesco Zanetti, and Andrei Zlate
January 2024
2021-4
The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power
Jesús Fernández-Villaverde, Federico S. Mandelman, Yang Yu, and Francesco Zanetti
January 2021
2019-22
Digital Adoption, Automation, and Labor Markets in Developing and Emerging Economies
Alan Finkelstein Shapiro and Federico S. Mandelman
December 2019
2019-10
Intellectual Property, Tariffs, and International Trade Dynamics
Federico Mandelman and Andrea Waddle
April 2019
2019-09
Search Complementarities, Aggregate Fluctuations, and Fiscal Policy
Jesús Fernández-Villaverde, Federico S. Mandelman, Yang Yu, and Francesco Zanetti
April 2019
2014-28
Offshoring, Low-Skilled Immigration, and Labor Market Polarization
Federico S. Mandelman and Andrei Zlate
December 2014
2014-19
Remittances, Entrepreneurship, and Employment Dynamics over the Business Cycle
Alan Finkelstein Shapiro and Federico S. Mandelman
November 2014
2013-17
Labor Market Polarization and International Macroeconomic Dynamics
Federico S. Mandelman
December 2013
2013-16
Flexible Prices, Labor Market Frictions, and the Response of Employment to Technology Shocks
Federico S. Mandelman and Francesco Zanetti
December 2013
2011-7
Monetary and Exchange Rate Policy under Remittance Fluctuations
Federico S. Mandelman
March 2011
2010-3
Investment-Specific Technology Shocks and International Business Cycles: An Empirical Assessment
Federico S. Mandelman, Pau Rabanal, Juan F. Rubio-Ramírez, and Diego Vilán
February 2010
2008-25b
Immigration, Remittances, and Business Cycles
Federico S. Mandelman and Andrei Zlate
Revised February 2012
2008-12
Remittances, Exchange Rate Regimes, and the Dutch Disease: A Panel Data Analysis
Emmanuel K.K. Lartey, Federico S. Mandelman, and Pablo A. Acosta
March 2008
2008-10
Technology Shocks, Employment, and Labor Market Frictions
Federico S. Mandelman and Francesco Zanetti
February 2008
2007-15
Microentrepreneurship and the Business Cycle: Is Self-Employment a Desired Outcome?
Federico S. Mandelman and Gabriel V. Montes Rojas
July 2007
2007-8a
Remittances and the Dutch Disease
Pablo A. Acosta, Emmanuel K.K. Lartey, and Federico S. Mandelman
Revised August 2009
2006-21
Business Cycles: A Role for Imperfect Competition in the Banking System
Federico S. Mandelman
November 2006
2006-17b
Business Cycles and Monetary Regimes in Emerging Economies: A Role for a Monopolistic Banking Sector
Federico S. Mandelman
Revised November 2009
Federico S. Mandelman "When Tight Is Too Tight: The Federal Reserve's Response to the Post–World War II Spike in Inflation." Policy Hub (2023-08).
Federico Mandelman and Brent Meyer. "Lessons from the Past: Can the 1970s Help Inform the Future Path of Monetary Policy?" Policy Hub: Macroblog. August 31, 2022.
Federico S. Mandelman "Money Aggregates, Debt, Pent-Up Demand, and Inflation: Evidence from WWII." Policy Hub (2021-04).
Federico S. Mandelman "COVID-19 International Evidence: Some Notable Puzzles." Policy Hub (2020-12).
Federico S. Mandelman and Diego Vilán "Remittances and COVID-19: A Tale of Two Countries." Policy Hub (2020-12).
Federico Mandelman, Pablo A. Acosta and Nicole Rae Baerg. "Financial Development, Remittances, and Real Exchange Rate Appreciation." Federal Reserve Bank of Atlanta
Economic Review (2009 Q1).
Federico Mandelman and Courtney Nosal. "Remittances Ebb and Flow with the Immigration Tide." Federal Reserve Bank of Atlanta EconSouth (2008 No 3).
Federico S. Mandelman, Makalaya Palmer, and Giulia Zilioa. "Cumulative U.S. Trade Deficits Resulting in Net Profits for the U.S. (and Net Losses for China)," macroblog. October 14, 2016.
Federico S. Mandelman and Andrei Zlate. "The Slump in Undocumented Immigration to the United States," macroblog. October 5, 2016.
Federico Mandelman. "Housing starts, remittances and macroeconomic developments," macroblog. May 28, 2009.
Federico Mandelman. "'You Can Build the Infrastructure from Zero': A Conversation about Digital Adoption in Emerging Economies." March 26, 2020.
Federico Mandelman. "Immigration, Offshoring, and Their Effects on U.S. Wages." November 30, 2016.
"Offshoring, Automation, Low-Skilled Immigration, and Labor Market Polarization"
(with Andrei Zlate)
American Economic Journal: Macroeconomics, 14, January 2022, 355–89
The "Matthew Effect" and Market Concentration: Search Complementarities and Monopsony Power
(with Jesús Fernández-Villaverde, Yang Yu, and Francesco Zanetti)
Journal of Monetary Economics, 121, July 2021, 62–90.
"Digital Adoption, Automation, and Labor Markets in Developing Countries"
(with Alan Finkelstein Shapiro)
Journal of Development Economics, 151, June 2021, article 102656
"Intellectual Property, Tariffs, and International Trade Dynamics"
(with Andrea Waddle)
Journal of Monetary Economics, 109, January 2020, 86–103.
"Remittances, Entrepreneurship and Employment Dynamics over the Business Cycle" (with Alan Finkelstein Shapiro)
Journal of International Economics 103, November 2016, 184–189.
"Labor Market Polarization and International Macroeconomic Dynamics"
Journal of Monetary Economics 79, May 2016, 1–16.
"Flexible Prices, Labor Market Frictions, and the Response of Employment to Technology Shocks" (with Francesco Zanetti).
Labour Economics 26, January 2014, 94–102.
"Monetary and Exchange Rate Policy under Remittance Fluctuations"
Journal of Development Economics 102, May 2013, 128–147.
"Immigration, Remittances, and Business Cycles" (with Andrei Zlate).
Journal of Monetary Economics 59(2), March 2012, 196–213.
"Remittances, Exchange Rate Regimes and the Dutch Disease: A Panel Data Analysis" (with Emmanuel Lartey and Pablo Acosta).
Review of International Economics 20(2), May 2012, 377–395.
"Investment-Specific Technology Shocks and International Business Cycles: An Empirical Assessment" (with Pau Rabanal, Juan Rubio-Ramírez, and Diego Vilán).
Review of Economic Dynamics 14(1), January 2011, 136–155.
"Business Cycles and the Role for Imperfect Competition in the Banking System"
International Finance 14(1), Spring 2011, 103–133.
"Business Cycles and Monetary Regimes in Emerging Economies: A Role for a Monopolistic Banking Sector."
Journal of International Economics 81(1), May 2010, 102–116.
"Microentrepreneurship and the Business Cycle: Is "Self-Employment" A desirable outcome?" (with Gabriel Montes-Rojas).
World Development 79(1), December 2009, 1914–1925.
"Remittances and the Dutch Disease" (with Pablo Acosta and Emmanuel Lartey).
Journal of International Economics 79(1), September 2009, 102–116.
"Economic Aspects of International Labor Migration" (with Andrei Zlate). International Finance, 20(1), Spring 2017.