Department of Economics and Business Economics

Juan Carlos Parra-Alvarez

Assistant Professor, Postdoc

Juan Carlos Parra-Alvarez
Assistant Professor
Department of Economics and Business Economics - CREATES
Postaddresse:
Fuglesangs Allé 4
2632, 140
8210
Aarhus V
Danmark
E-mail: jparra@econ.au.dk
Telefon: +4587165279

Personal Information

Place of birth: Medelln, Colombia
Date of birth: October 9th, 1982
Nationality: Colombian
Marital Status: Single

Research Interests

Business Cycles, Monetary Policy, DSGE modelling, Macroeconometrics, Macrofinance, Continuous
Time Modelling, Numerical Methods.

Education

PhD Student, June 2015
Aarhus University, Aarhus, Denmark.

PhD Visiting Scholar, Spring 2013
University of Pennsylvania, U.S.

M.Sc. Economics, 2012
Aarhus University, Aarhus, Denmark.

M.A. Economics, 2010
Universidad de los Andes, Bogota, Colombia.

B.A. Economics, June 2007
Universidad Eat, Medelln, Colombia.

Professional Experience

Norges Bank, Oslo, Norway:
PhD Intern, Research Unit (Fall, 2013)

Banco de la Republica. Bogota, Colombia:
Economist, Department of Macroeconomic Modelling (2006-2010)
Economist, Technical and Economic Information Department (2006-2007)
Research Assistant, Research Unit (2006)

Valores Bancolombia. Medelln, Colombia:
International Market Analyst, Economic Research Department (2005)

Teaching Experience

Instructor:
Macro 1, Aarhus University, Denmark (Bachelor and M.Sc., Fall 2017)
Derivatives and Risk Management, Aarhus University, Denmark (M.Sc., Fall 2016) Real Estate Economics, Aarhus University, Denmark (Bachelor, Fall 2015-2016)
Dynamic Optimization: DSGE Models in Continuous-Time, Pontificia Universidad Javeriana, Bogota, Colombia (Summer 2013)
Financial Markets and the Real Economy, Aarhus University, Denmark (M.Sc., 2012-Q2)
Econometrics, Ponticia Universidad Javeriana, Bogota, Colombia (2008-2010)

Awards and Scholarships

School of Economics and Managment for PhD studies, 2010-2014
Aarhus University, Denmark
Honor Undergraduate Scholarship, 2005
Universidad Eat, Medelln, Colombia

Languages

Spanish (Native Language), English (Second Language), Danish (Beginners Level, DU3Mo3).

Publications

“A comparison of numerical methods for the solution of continuous-time DSGE models” Macroeconomic Dynamics, forthcoming. DOI: https://doi.org/10.1017/S1365100516000821.

“What Determines the Sensitivity of the Real Exchange Rate in Colombia to a Terms of Trade Shock?” (with Lavan Mahadeva)
Macroeconomics and Finance in Emerging Markets Economies (Special Issue: Emerging Markets and Capital Flow Volatility), 2012, Vol. 5, No. 2, pp. 161-176

"La Tasa de Interes Natural en Colombia" (with, Juan Jose Echavarra, Martha Misas,
Enrique Lopez and Juana Tellez)
("The Natural Rate of Interest in Colombia")
Ensayos sobre Poltica Economica, No. 54
Banco de la Republica, Bogota, Colombia.

Book Chapters

"La Tasa de Interes Natural en Colombia" (with, Juan Jose Echavarra, Martha Misas,
Enrique Lopez and Juana Tellez)
("The Natural Rate of Interest in Colombia")
In: Estimacion y uso de variables no observables en la region: programa de investi-
gacion conjunta
Centro de Estudios Monetarios Latinoamericanos, CEMLA. April, 2008.

"Sensibilidad del IPC a la tasa de cambio en Colombia"
("CPI Sensitivity to Exchange Rate in Colombia")
In: Mecanismos de Transmision de la Poltica Monetaria en Colombia
Banco de la Republica and Universidad Externado de Colombia. 2011.

"La formacion de precios en las empresas colombianas: evidencia a partir de una
encuesta directa" (with Martha Misas and Enrique Lopez)
("Price Formation in Colombian Companies: Evidence from a Direct Survey")
In: Formacion de Precios y Salarios en Colombia
Banco de la Republica. 2011.

"Heterogeneidad en la jacion de precios en Colombia: Analisis de sus determinantes
a partir de modelos de conteo" (with Martha Misas and Enrique Lopez)
("Price setting heterogeneity in Colombia: Analysis of its determinants using count data
models")
In: Formacion de Precios y Salarios en Colombia
Banco de la Republica. 2011.

Working Papers

“Identification and estimation of heterogeneous agent models: A likelihood approach” (with Olaf Posch and Mu-Chun Wang, Hamburg University)
CREATES Research Paper, 2017-35
Aarhus University, 2017.

“Time-varying disaster risk models: An empirical assessment of the Rietz-Barro hy- pothesis” (with Alfonso Irarrazabal, BI Norwegian Business School)
CREATES Research Paper, 2015-8
Aarhus University, 2015.

"Hechos estilizados de la economa colombiana: fundamentos empricos para la construcci
on y evaluacion de un modelo DSGE"
("Colombian Stylized Facts: Empirical Foundations for the Construction and Assesment of a
DSGE Model")
Borradores de Economa No. 509
Banco de la Republica, 2008.

"Testing a DSGE model and its partner database" (with Lavan Mahadeva)
Borradores de Economa No. 412
Banco de la Republica, 2008.

Conferences and Seminars

“Risk matters: Breaking certainty equivalence down”. 13th. Dynare Conference. Scheduled: October 2017. Tokyo, Japan; 11th International Conference on Computational and Financial Econometrics Scheduled: December 2017. London, UK.

“Identification and estimation of heterogeneous agent models: A likelihood approach”. 10th. NHH-UiO Workshop on Economic Dynamics. June 2015. Oslo, Norway; 9th. Nordic Summer Symposium in Macroeconomics. August 2015, Sm ̈ogen, Sweden; 30th. Annual Congress of the European Economic Association. August 2015, Mannheim, Germany; Quantitative Economics Seminar at Hamburg University. October 2015; Fall Midwest Macro Conference. November 2015. Rochester, USA; CREATES Lunch Seminar. November 2015. Aarhus University.

“Time-varying disaster risk models: An empirical assessment of the Rietz-Barro hy- potesis”. Annual DGPE Workshop. November 2014. Nyborg, Denmark; CREATES Lunch Seminar. November 2014. Aarhus, Denmark; Norges Bank Research Unit Sem- inar. November 2014. Oslo, Norway; BI Norwegian Business School. February 2015. Oslo, Norway.

“Tools and Methods for Continuous-Time DSGE Modeling”.
CDMA Workshop on DSGE Models, March 6th, 2013. Center for Dynamic Macroeconomic Analysis, Schoolof Economics and Finance, University of St. Andrews, Scotland, United Kingdom.

“A Comparison of Numerical Methods for the Solution of Continuous-Time DSGE Models”.
18th International Conference on Computing in Economics and Finance, Society for Computational Economics and Finance. June 2012. Prague, Czech Republic; Annual DGPE Workshop, November 2012. Ebberup, Denmark, 6th CSDAInternational Conference on Computational and Financial Econometrics, December2012. Oviedo, Spain.

"Specification of DSGE Models: A Business Cycle Accounting Application for Colombia".
Annual DGPE Workshop. November 2011. Sondeborg, Denmark.

Comments to Edward Samuel Jones: "Crisis and the Supply response of Foreign Aid:
Trends vs. Dynamics". Annual DGPE Workshop, November 2010. Copenhagen,
Denmark.

Comments to Nicolai Kaarsen: "Diusion of Cereals and Pre-Colonial Population Densities".
Annual DGPE Workshop, November 2010. Copenhagen, Denmark.

Comments to Balazs Vonnak: "Risk Premium Shocks, Monetary Policy and Exchange
Rate Pass-Through in Czech Republic, Hungary and Poland". VI Seminario de la revista
Ensayos sobre Poltica Economica, October 2009. Banco de la Republica, Bogota,
Colombia.

"Sensibilidad del IPC a la tasa de cambio en Colombia: Una medicion de largo plazo".
XIII Reunion de la Red de Investigadores de Bancos Centrales del Continente Americano,
CEMLA. November 2008. Mexico D.F, Mexico.

"Testing a DSGE model and its partner database". Central BankWorkshop on Macroeconomic
Modelling. October 2008. Banco de la Republica, Cartagena de Indias, Colombia.

"Hechos estilizados de la economa colombiana: fundamentos empricos para la construcci
on y evaluacion de un modelo DSGE". Congreso de Economa, 50 a~nos CEDE.
October 2008, Universidad de los Andes, Bogota, Colombia.

Referee

Macroeconomic Dynamics.
Studies in Nonlinear Dynamics and Econometrics.
Journal of Managment and Economics for Iberoamerica (Estudios Gerenciales).
Revista Desarrollo y Sociedad, Universidad de los Andes.
Revista Lecturas de Economa, Universidad de Antioquia.