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International Economic Policy Forum feat. Alejandro Bonvecchi


“How Presidents Make Economic Policy in Times of Crisis”


A recording of the event is now available here!


 Thursday, February 16th, 2017
12:30PM – 2:00PM
Elliott School of International Affairs
1957 E Street, NW
Lindner Commons, 6th Floor

The Institute for International Economic Policy and the Elliott School of International Affairs’ Latin American & Hemispheric Studies Program will host Alejandro Bonvecchi, who will share his work surrounding “How Presidents Make Economic Policy in Times of Crisis”. This event is a part of our continued International Economic Policy Forum Series.

This project argues that presidents are by cognitive contexts, rather than by personality or institutional constraints, to organize decision-making in response to economic crises. The higher the frequency of crises, the more inclined the president is to use hierarchical, rather than collegial, decision-making processes. The argument is tested by comparing cases in the US and Argentina.

Discussants will include Stephen Kaplan, Associate professor of political science at the George Washington University, and Jay Shambaugh, professor of International Affairs and Economics at the George Washington University

Alejandro Bonvecchi, Assistant Professor at the Torcuato Di Tella University in Buenos Aires and an Adjunct Research of the National Council for Scientific and Technical Research in Argentina, IIEP Visiting Scholar

He is an Assistant Professor at the Torcuato Di Tella University in Buenos Aires and an Adjunct Research of the National Council for Scientific and Technical Research in Argentina, where he works on presidential and legislative politics and the political economy of economic policymaking. He has published four books, and his work has appeared in Presidential Studies Quarterly, Legislative Studies Quarterly, Publius, Latin American Politics and Society, and Journal of Politics in Latin America. Please feel free to trim down all this as suitable. He holds a BA in Sociology from the University of Buenos Aires and a Ph.D. in Government from the University of Essex.

kkpStephen Kaplan, Associate Professor of Political Science and International affairs at The George Washington University
Stephen B. Kaplan is an Assistant Professor of Political Science and International Affairs. Professor Kaplan’s research and teaching interests focus on the frontiers of international and comparative political economy, where he specializes in the political economy of global finance and development, the rise of China in the Western Hemisphere, and Latin American politics. Professor Kaplan joined the GWU faculty in the fall of 2010 after completing a postdoctoral research fellowship at the Niehaus Center for Globalization and Governance at Princeton University and his Ph.D at Yale University. While at Yale, Kaplan also worked as a researcher for former Mexican President Ernesto Zedillo at the Yale Center for the Study of Globalization. Prior to his doctoral studies, Professor Kaplan was a senior economic analyst at the Federal Reserve Bank of New York, writing extensively on developing country economics, global financial market developments, and emerging market crises from 1998 to 2003. He received his B.A in International Relations and Economics from Tufts University, and an M.S in International Economic Development from Georgetown University.

jjJay Shambaugh, Professor of Economics and International Affairs at The George Washington University

Jay Shambaugh is a professor of economics and international affairs at the George Washington University. He is the director of the Institute for International Economic Policy. Professor Shambaugh’s area of research is macroeconomics and international economics. His work includes analysis of the interaction of exchange rate regimes with monetary policy, capital flows, and trade flows as well as studies of international reserves holdings, country balance sheet exchange rate exposure, the cross-country impact of fiscal policy, and the current crisis in the euro area. In addition to his book, Exchange Rate Regimes in the Modern Era (MIT Press, 2009), Shambaugh has published in The American Economic Review, The Quarterly Journal of Economics, and other leading journals. Prior to joining the faculty at George Washington, Shambaugh taught at Georgetown and Dartmouth and served as first Senior Economist for International Economics and then Chief Economist at the White House Council of Economic Advisers. He is also a Faculty Research Fellow at the NBER and a visiting scholar at the IMF. Shambaugh received his Ph.D. in economics from the University of California at Berkeley, an M.A. from the Fletcher School at Tufts, and a B.A. from Yale University.


Bonvecchi’s forum will be based on his conclusions from his paper in Presidential Studies Quarterly.

For more of our research on economic policy, please visit our webpage at