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Nicolas Morales
Nicolas Morales is an Economist at the Research Department of the Federal Reserve Bank of Richmond. He received a Ph.D. in Economics from the University of Michigan in 2019.
His research focuses on topics related to international trade and labour economics, particularly migration and supply chains.
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How the American Dream led to India's IT boom
In the context of the ongoing global debate on migration policies, this column shows that the H-1B visa programme of the US had a powerful impact on the US IT sector, and played a prominent role in spreading the boom to India.
How firms adapt supply chains to climate risk
Amidst growing climate risks, localised weather events such as floods or droughts pose a threat to the links between firms and their suppliers. Using data from India, this article analyses how businesses adapt their sourcing strategies to mitigate climate risks, and the broader economic implications of their responses. It finds that while supply chain diversification by firms enhances economic stability, it may deepen regional disparities.