She has also served on the board of the University of Michigan’s Advance program, with the objective of improving institutional climate and supporting good practice in faculty recruitment, retention, and leadership.
[9] Together with Andrei A. Levchenko and Logan T. Lewis, Tesar explores the collapse in international trade during the most recent global recession.
Along with Anusha Chari and Paige P. Ouimet, Tesar explores two decades (1986–2006) in which developed-market acquirers experienced positive and significant abnormal returns of 1.16%, on average, over a three-day event window.
The stock price increase is significantly more in two scenarios: the weaker the contracting environment in the emerging market and for industries with high asset intangibility.
They argue that if there is cross-country heterogeneity in the distribution of price differentials within a country, then there is no clear reference point from which to set a standard for the effect of the border.
This paper aims to prove that the "border effect" identified by Engel and Rogers (1996)[13] is driven entirely by the difference in the distribution of prices in United States and Canada.
[14] Ariel Burstein, Christopher Kurz and Tesar conclude in this paper that countries that are more engaged in production sharing exhibit higher bilateral manufacturing output correlations.
A key assumption that is made in the creation of the model is a relatively low elasticity of substitution between home and foreign inputs in the production of a vertically integrated good.