Alvaro.Silva@bos.frb.org 
Personal Website
Biography
Alvaro Silva is an economist in the Federal Reserve Bank of Boston Research Department. He joined the Boston Fed in 2024 after earning his PhD in economics from the University of Maryland. His fields of research are international macroeconomics and trade.
Silva also has an MA in economics from the University of Maryland, an MSc in applied economics (with honors) from Universidad de Concepción, and a BSc in economics (with honors) from Universidad de Concepción.
Education
PhD, Economics, University of Maryland, 2024
MA, Economics, University of Maryland, 2020
MSc, Applied Economics (with honors), Universidad de Concepción, 2016
BSc, Economics (with honors), Universidad de Concepción, 2013
Public Service
Referee: Journal of Monetary Economics, Journal of Macroeconomics, Economic Letters, Economía (LACEA)
Reviewer: Fondecyt Chile
Primary fields of research
International macroeconomics, trade
Publications
Journal articles
“Commodity Prices and Production Networks in Small Open Economies,” with Petre Caraiani, Jorge Miranda-Pinto, and Juan Olaya-Agudelo. 2024. Journal of Economic Dynamics and Control 168: 104968. https://doi.org/10.1016/j.jedc.2024.104968
“Business Cycle Asymmetry and Input-output Structure: The Role of Firm-to-Firm Networks.” With Jorge Miranda-Pinto and Eric R. Young. 2023. Journal of Monetary Economics 137: 1–20. https://doi.org/10.1016/j.jmoneco.2023.05.014
“Price Controls, Hyperinflation, and the Inflation-relative Price Variability Relationship,” with Rodrigo Cerda and Rolf Lüders. 2021. Empirical Economics 61: 1725–1748. https://doi.org/10.1007/s00181-020-01953-w
“Impact of Economic Uncertainty in a Small Open Economy: The Case of Chile,” with Rodrigo Cerda and José Tomás Valente. 2018. Applied Economics 50(26): 2894–2908 https://doi.org/10.1080/00036846.2017.1412076
Working papers
“Inflation in Disaggregated Small Open Economies.” 2024. Federal Reserve Bank of Boston Research Department Working Papers No. 24-12. https://doi.org/10.29412/res.wp.2024.12
Other publications
“Quantifying the Inflationary Impact of Fiscal Stimulus under Supply Constraints,” with Julian di Giovanni, Şebnem Kalemli-Özcan, and Muhammed A. Yildirim. 2023. AEA Papers & Proceedings 113: 76–80. https://doi.org/10.1257/pandp.20231028
“Global Supply Chain Pressures, International Trade and Inflation,” with Julian di Giovanni, Şebnem Kalemli-Özcan, and Muhammed A. Yildirim. 2022. Proceedings from ECB Forum on Central Banking.
“Towards Measuring Economic Policy Uncertainty in Latin America: A First Little Step.” 2018. Latin American Policy Journal.