Research

Publications 

​The Nontradable Goods' Real Exchange Rate Puzzle
(NBER International Seminar on Macroeconomic, 2009) 

Working papers

Monetary Policy Shocks: A Case Against Countercyclical Markups?  
(joint with Marina Mendes Tavares)  

Slides
​Online Appendix​ 

Understanding Growth through Automation: The Neoclassical Perspective 
(joint with Mathieu Taschereau-Dumouchel and Marina Mendes Tavares)  

Slides
​Online Appendix​ 

The Future of Labor: Automation and the Labor Share in the Second Machine Age  
​(under revision, new version coming soon)
(joint with Hong Cheng, Rahul Giri, Mathieu Taschereau-Dumouchel and Junjie Xia)  

​​Slides

Credit Cards and the Great Recession: The Collapse of Teasers
​​(under revision, new version coming soon)
(joint with Michal Kowalik)

​​Slides

Unpublished research

Other writings

Generative AI: A Turning Point for Labor's Share?  (Economic Insights, Philadelphia Fed, First Quarter 2024)

Why Credit Cards Played a Surprisingly Big Role in the Great Recession
(Economic Insights, Philadelphia Fed, Second Quarter 2021)

The Policy Perils of Low Interest Rates
(Economic Insights, Philadelphia Fed, First Quarter 2018)

The Quiet Revolution in Debt Collection
(AEA Research Highlights)

Responding to COVID-19: A Note
(Federal Reserve Bank of Philadelphia, Working Papers)

Erratum​
Replication Files