Academic & Research Interest

International Macroeconomics Sovereign Debt Production Networks Monetary Policy

Education

Ph.D. in Economics
University of Minnesota
Minneapolis, U.S.A | Sep. 2020 - 2026 (expected)
M.Sc. in Economics
Pontificia Universidad Javeriana
Bogota, Colombia | Jan. 2016 - Jun. 2018
B.A. in Economics
Pontificia Universidad Javeriana
Bogota, Colombia | Jan. 2012 - Dec. 2016

Academic & Research Experience

Research Fellow
Federal Reserve Bank Minneapolis - Research Department
Minneapolis, U.S.A | Sep. 2020 - Current
Instructor for Principles of Macroeconomics
University of Minnesota
Minneapolis, U.S.A | Sep. 2020 - May 2022
Research Department
Inter-American Development Bank
Washington DC, U.S.A | Jun. 2018 - Jul. 2020
Adjunct Professor
Universidad de La Sabana
Bogota, Colombia | Jan. 2018 - Jun. 2018
Research Assistant
Fedesarrollo - World's 2nd Think Tank in Latin-America
Bogota, Colombia | Jan. 2017 - Jun. 2017
Internship - Sectoral General Sub-direction
National Planning Department - DNP
Bogota, Colombia | Jun. 2016 - Jan. 2017

Job Market Paper

Bolivar, Carlos, "The Micro Effects of Aggregate Shocks in Endogenous Trade Networks"

Working Papers

Bolivar, Wongrattanapiboon: "Take the Short Route in Confidence Crises"
Bolivar, Wongrattanapiboon: "Debt Sustainability, Confidence Risk and International Reserves"
Bianchi, Bolivar: "Sovereign Debt Crises and Monetary Policy"
Bianchi, Bolivar, Sosa-Padilla: "The Political Economy of Credit Booms and Macroprudential Regulation"
Balestrini, Barreto, and Bolivar: "Sovereign Debt, Currency Composition, and Financial Repression"
Bolivar: "Domestic Debt and Self-Fulfilling Crises"
Bolivar, Dueñas, Valencia: "Natural Disasters, Adaptation, and Default Risk"

Work in Progress

Bolivar, Carlos, "Connecting Sovereign Risk and Production Networks"

Presentations

SED 2024SED 2025SED Winter 2024 MIDWEST Macro 2023BSE Summer Forum 2024BSE Summer Forum 2025 CEBRA 2025Vigo Workshop 2025

Dissertation

"Endogenous Networks, Trade Costs, and Aggregate Volatility"
Advisors: Professor Manuel Amador, Professor Timothy Kehoe, Dr. Javier Bianchi, Dr. Marco Bassetto
Expected Completion: Summer 2026

Language & Computer Skills

Languages: Spanish (native) | English (Advanced - C1-level)
Specialized Software: Julia, Stata, Matlab, LaTeX
Microsoft Office: Word, PowerPoint, Excel (Advanced skills)

References

Professor Manuel Amador
Department of Economics
4-101 Hanson Hall, 1925 Fourth Street South
(612) 624-4060 | amador@umn.edu
Professor Timothy Kehoe
Minneapolis, Minnesota 55455
(612) 625-1589 | tkehoe@umn.edu
Dr. Javier Bianchi
Monetary Advisor, Federal Reserve Bank of Minneapolis
90 Hennepin Avenue, Minneapolis, MN 55401
Dr. Marco Bassetto
Federal Reserve Bank of Minneapolis