Monetary Policy

The papers are sorted in reverse chronological order according to the dates of the latest draft for unpublished papers (shown in square brackets) or the date of publication for the published papers. Click on the titles of papers to access various versions of the paper and other material such as codes, data and slides, where available.

Current research is supported by National Science Foundation grants SES 1061725 and SES 1425740.

Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries (with Pablo Cuba-Borda and Frank Schorfheide), Review of Economic Studies, forthcoming.

Term Structures of Inflation Expectations and Real Interest Rates [December 2016]

Inflation During and After the Zero Lower Bound (with Frank Schorfheide), 2015 Jackson Hole Symposium Volume, Federal Reserve Bank of Kansas City, 2016, 359-436.

Sticky Prices versus Monetary Frictions: An Estimation of Policy Trade-offs, (with Frank Schorfheide), American Economic Journal: Macroeconomics, January 2011, 3, 60-90.

Money and Capital (with Christopher J. Waller and Randall D. Wright), Journal of Monetary Economics, March 2011, 58, 98-116.

Optimal Fiscal and Monetary Policy when Money is Essential (with Sanjay K. Chugh), Journal of Economic Theory, September 2010, 145(5), 1618-1647.

Informal Sector, Government Policy and Institutions [April 2010]