Research
Publications
The Nontradable Goods' Real Exchange Rate Puzzle
(NBER International Seminar on Macroeconomic, 2009)
Pricing-to-Market in Business Cycle Models
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Online Appendix
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Working papers
Built and Spent by Words: Forward Guidance under Inflation Targeting |
Appendix (end of draft)
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Spending the Anchor: Modeling Monetary Policy Response to the Covid Inflation
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Online Appendix
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Capacity Walls in Production Networks: Inflation after COVID
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Appendix (end of draft)
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Rethinking Markups and Inventories over the Business Cycle
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Replication package |
Understanding Growth through Automation: The Neoclassical Perspective
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Slides
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The Future of Labor: Automation and the Labor Share in the Second Machine Age
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Slides
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Credit Cards and the Great Recession: The Collapse of Teasers
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Slides
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Optimality of Zero APR on Credit Cards: An Analytical Framework
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Slides
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Unpublished research
Competing for Customers: A Search Model of the Market for Unsecured Credit
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Slides (revised draft) |
Other writings and publications
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
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Erratum
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