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Juan M. Sanchez

Juan Sánchez was an economist in the Research Department at the Federal Reserve Bank of Richmond from 2008 to 2010. Sánchez is currently an assistant vice president at the Federal Reserve Bank of St. Louis.

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Bank Publications

Special Reports, March 3, 2021

The Evolving Relationship Between COVID-19 and Financial Distress

During most of the COVID-19 pandemic, regions with high financial distress saw disproportionately more infections and deaths than regions with low financial distress. As of February 2021, cumulative infections appear more evenly distributed while total deaths remain higher in financially distressed regions.

Kartik B. Athreya, José Mustre-del-Río and Juan M. Sanchez

Special Reports, July 2, 2020

COVID-19 and Households' Financial Distress

Part 4: Financial Distress and the Second Wave of COVID-19 Infections

Kartik B. Athreya, José Mustre-del-Río and Juan M. Sanchez

Special Reports, April 13, 2020

COVID-19 and Households’ Financial Distress

Part 3: How Will COVID-19 Affect the Spending of the Financially Distressed?

Kartik B. Athreya, Ryan Mather, José Mustre-del-Río and Juan M. Sanchez

Special Reports, March 30, 2020

COVID-19 and Households’ Financial Distress

Part 2: The Spread of COVID-19 and (Financial) Pre-Existing Conditions

Kartik B. Athreya, Ryan Mather, José Mustre-del-Río and Juan M. Sanchez

Special Reports, March 23, 2020

COVID-19 and Households’ Financial Distress

Part 1: Employment Vulnerability and (Financial) Pre-Existing Conditions

Kartik B. Athreya, Ryan Mather, José Mustre-del-Río and Juan M. Sanchez

Economic Quarterly, Fourth Quarter 2010

Risk Sharing, Investment, and Incentives in the Neoclassical Growth Model

Emilio Espino and Juan M. Sanchez

Economic Brief, October 2010, No. 10-10

The Responses of Small and Large Firms to Tight Credit Shocks: The Case of 2008 through the Lens of Gertler and Gilchrist (1994)

Marianna Kudlyak, David A. Price and Juan M. Sanchez

Economic Quarterly, Fall 2009

The U.S. Establishment-Size Distribution: Secular Changes and Sectoral Decomposition

Samuel E. Henly and Juan M. Sanchez
Working Papers

June 2022, No. 22-06

Improving Sovereign Debt Restructurings

The wave of sovereign defaults in the early 1980s and the string of debt crises in subsequent decades have fostered proposals involving policy interventions in sovereign debt restructurings. The global ﬁnancial crisis and the recent global pandemic have further reignited this discussion among academics and policymakers.

Maximiliano Dvorkin, Juan M. Sanchez, Horacio Sapriza and Emircan Yurdagul

September 2020, No. 20-12

Household Financial Distress and the Burden of 'Aggregate' Shocks

The goal of this paper is to show that household-level financial distress (FD) varies greatly, meaning there is unequal exposure to macroeconomic risk, and that FD can increase macroeconomic vulnerability.

Kartik B. Athreya, Ryan Mather, José Mustre-del-Río and Juan M. Sanchez

August 2019, No. 19-13

Consumption in the Great Recession: The Financial Distress Channel

Kartik B. Athreya, Ryan Mather, José Mustre-del-Río and Juan M. Sanchez

November 2017, No. 17-14R

The Persistence of Financial Distress (Revised July 2018)

Kartik B. Athreya, José Mustre-del-Río and Juan M. Sanchez

September 2016, No. 16-12

Bankruptcy and Delinquency in a Model of Unsecured Debt

Kartik B. Athreya, Juan M. Sanchez, Xuan S. Tam and Eric R. Young

March 2016, No. 16-05R

Revisiting the Behavior of Small and Large Firms during the 2008 Financial Crisis (Revised December 2016)

Marianna Kudlyak and Juan M. Sanchez

September 2011, No. 11-05R

Mortgage Defaults and Prudential Regulations in a Standard Incomplete Markets Model (Revised February 2014)

Juan Carlos Hatchondo, Leonardo Martinez and Juan M. Sanchez

April 2010, No. 10-05

Quantifying the Impact of Financial Development on Economic Development

Jeremy Greenwood, Juan M. Sanchez and Cheng Wang

June 2009, No. 09-9

Unemployment Insurance with a Hidden Labor Market

Fernando Álvarez-Parra and Juan M. Sanchez

April 2009, No. 09-4

The Role of Information in the Rise in Consumer Bankruptcies

Juan M. Sanchez

February 2009, No. 09-1

Fiscal Policy and Default Risk in Emerging Markets

In this paper we develop a quantitative dynamic stochastic small open economy model with incomplete markets, endogenous fiscal policy and sovereign default where public expenditures and tax rates are optimally procyclical.

Gabriel Cuadra, Juan M. Sanchez and Horacio Sapriza

December 2008, No. 08-8R

Financing Development: The Role of Information Costs (Revised August 2009)

Jeremy Greenwood, Juan M. Sanchez and Cheng Wang

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Juan M. Sanchez

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