Ana María Herrera, Ph.D.

Professor, Carol Martin Gatton Professorship in Economics, Associate Chair - Department of Economics

Education

• Ph.D. in Economics, University of California, San Diego, 2000.
• M.A. in Economics, Universidad de los Andes, Bogotá, Colombia, 1994.
• B.A. in Economics, Universidad de los Andes, Bogotá, Colombia, 1991.

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Ana María Herrera earned both her B.A. and M.A. in economics at the Universidad de los Andes in Bogotá, Colombia and her Ph.D. in economics at the University of California in San Diego. She conducts research in macroeconomics, energy economics and applied econometrics. Her work has been published in Journal of Monetary Economics, Journal of Financial Economics, Journal of Econometrics, Journal of Applied Econometrics and Energy Economics. She was a Repsol-YPF Fellow at Harvard’s Kennedy School in 2005-06, Visiting Professor at the Universitat Pompeu Fabra and Barcelona Graduate School in 2018-2019, and is a senior fellow at the Rimini Center for Economic Research. She serves as associate editor for the Journal of Business & Economic Statistics, among other journals.

Teaching Expertise:

• Macroeconomics
• Time Series Analysis
• Forecasting

Research Expertise:

• Macroeconomics
• Energy Economics
• Time Series Anlysis
• Applied Econometrics

Selected Publications:

• "The Time-Varying Effects of Oil News on Inflation" (with Sandeep Kumar Rangaraju), (Appendix), Energy Economics, Vol.152, 108960, December 2025.
• "Financial Liberalization, Credit Market Dynamism and Allocative Efficiency" (with Raoul Minetti and Matthew Schaffer), (Appendix), Journal of Money, Credit and Banking,Vol. 57, Issue 6: 1559-1596, September 2025.
• "State-Dependent Local Projections" (with Silvia Goncalves, Lutz Kilian and Elena Pesavento), Appendix, Journal of Econometrics, Volume 244, Issue 2, September 2024, 105702. This paper was previously criculated under the title "When do state-dependent local projections work?". Codes
• "Oil News Shocks and the U.S. Stock Market" (with Zeina Alsalman and Sandeep Kumar Rangaraju) Energy Economics 126:106891, October 2023. (Appendix).
• "Oil Price Volatility, Endogenous Regime Switching and Inflation Anchoring" (with Yoosoon Chang and Elena Pesavento), Journal of Applied Econometrics, Volume 38, Issue 6, 820-839, September/October, 2023.(Appendix).
• "Policy and Misallocation: Evidence from Chinese Firm-Level Data" (with Guowen Chen and Steven Lugauer), European Economic Review 149, 104260, 2022. 6*, 2022. (Appendix).