Lautaro Chittaro (Stanford) joins the Department
Short Bio
Lautaro's research lies at the intersection of financial economics, macroeconomics, and industrial organization, with a focus on firm dynamics and policy-relevant questions. His job market paper, Selection in Crisis Lending: Evidence from Chile's Government-Guaranteed Loans (with Cristián Sánchez), studies the long-run effectiveness of government credit guarantee programs during crises. Using administrative and loan application data from the Central Bank of Chile, the paper tracks firm defaults five years after the COVID-19 shock and shows that while these loans postponed defaults by two years, banks used private information to direct credit toward firms that would have been safer even without the program. His research also includes work on carbon taxation and asset pricing, and on SME financing in emerging markets. Before his PhD, Lautaro worked as a Trade Policy Analyst at Argentina's Ministry of Economy and as a Short-Term Consultant at the World Bank. Lautaro received his PhD in Economics from Stanford University, where his dissertation committee included Monika Piazzesi, Martin Schneider, and Shoshana Vasserman.