Santiago Truffa

Ph.D Business Economics



Personal information




Professional experience


ESE Business School, Universidad de los Andes (June 2019- )

Assistant Professor / Santiago, Chile

Director of Research ESE Business School

Director Real Estate Modeling Lab (

Tulane University, Finance (July 2017- May 2019)

Visiting Assistant Professor / New Orleans, USA

Ministry of Finance (June 2008- June 2011)

Economist / Santiago, Chile




2017      University of California, Berkeley

Phd Business Administration Berkeley, USA.

Master in Business Administration Berkeley, USA.

2009 Universidad de Chile

M.A. Applied Economics /Santiago, Chile

B.A. Industrial Engineering /Santiago, Chile

2006 Universita di Trento

Ph.d courses in math and economics /Trento, Italy




Universidad de los Andes: Urban Economics, Managerial Economics, Investments, Business Analytics, Seminar in Household Finance

Tulane: Financial Modeling, Corporate Finance I, Corporate Finance II

UC Berkeley:  Managerial Economics




2020 Fondecyt de iniciación ($30,000)

2019 Think Forward Initiative (AC 81,920)

2019 Strategic Investment Fund, UVA ($25,000)

2017 Sparkesse Agency ($5,000)

2017  NBER Household Finance Small Grant ($11,000)


Areas of Expertise


Household finance, Urban Economics  and  Applied Microeconomics





1.“ On the Geography of Inequality: Labor Sorting and Place-Based Policies in General Equilibrium” with Alexis Montecinos, Spatial Economic Analysis 2023

2.“Agglomeration, Knowledge Spillovers, and Corporate Investment” with William Grieser, Ioannis Spyridopoulos and Gonzalo Maturana, Journal of Corporate Finance2022

3.“The importance of Large Shocks to Return Predictability” with Juan Diaz, Hamilton Galindo, Alexis Montecinos and Diogo Duarte, Pacific-Basin Finance Journal2021


Working Papers


 1.Removing the Fine Print: Standardized Products, Disclosure, and Consumer Outcomes” with Sheisha Kulkarni and Gonzalo Iberti, R&R Journal of Financial Economics

2.“The Social Geography of Corporate Misconduct” with Matias Braun  and Ercos Valdivieso R&R Journal of Banking and Finance

3.“Playing Checkers in Chinatownwith Jose Antonio Espin-Sanchez

4.“Estimating the Information Component in Switching Costs: A Structural Approachwith Sheisha Kulkarni and Gonzalo Iberti

5.“Labor Market Effects of Deleting Delinquencieswith Jordan Nickerson and Gonzalo Maturana

6.“The Impact of Price Comparison Tools in Consumer Credit Markets” with Sean Higgins, Sheisha Kulkarni and Erik Berwart


Selected Work in Progress


1.“Public Bank Lending During a Financial Crisiswith Gonzalo Iberti

2.“Spillover effects on ESG” with Matias Braun (ESE), Vicente Corral and Claudio Raddatz


Additional information


Languages:                    Spanish (native speaker), English (fluent) and Italian (fluent).