Warrington College of Business
Cortes Lab
Led by Gustavo Cortes · Finance, Insurance and Real Estate
What we study
The Cortes Lab studies economic and financial history. Recent work uses a structural vector autoregression model to study how inflation and unemployment relate during financial crises; its papers cover the 1918 flu and the Great Depression.
What working here is like
- Computational
- Coding required
- Project
- 1
- Papers
- 2
Current projects
Financial Crises and the Phillips Curve: A VAR Approach
The lab studies how the relationship between inflation and unemployment changes during financial crises. The student used a structural vector autoregression model with quarterly data from 1970-1985 and 2000-2015 to show that the usual trade‑off breaks down in the 1973 oil crisis and the 2008 Global Financial Crisis.
From the Spring 2025 UF Undergraduate Research Symposium · abstract book, p. 192
Summaries are written by AI in plain language from public symposium abstracts and may be imperfect.
Recent papers, explained
- Risk Management in Deadly Times: The U.S. Life Insurance Industry in the 1918–9 Influenza Pandemic
2024 · The Economic History Review
Finds life insurers raised prices during 1918 flu pandemic, boosting demand.
- Financial factors and the propagation of the Great Depression
2021 · Journal of Financial Economics
Plain-language summaries are AI-written and reviewed by us; check the paper for details.
How to reach out
Gustavo Cortes hasn't set up this page yet. You can also look them up in the UF directory (search “Gustavo Cortes”).