The Investment Channel of Monetary Policy: Disentangling Firm Heterogeneity
with Daniel Lewis, Davide Melcangi, Laura Pilossoph
with Daniel Lewis, Davide Melcangi, Laura Pilossoph
with Ko Miura
Paper | Slides | Bank regulation news shock series (xlsx)
Mentioned in the Hutchins Roundup by Brookings
with Dali Tsakadze
Paper | Data from Fed Chair calendars (xlsx)
Media coverage: Financial Times | New York Times | Reuters | Associated Press
with Naixin Zhang
with Michael McLeay, Silvana Tenreyro, Enrico Turri - Revise and resubmit at the Journal of International Economics
Accepted for publication at the Review of Economic Studies
Paper | NBER wp version | Slides | Data on President-Fed interactions and estimated political pressure shocks (xlsx)
Non-technical pieces: VoxEU column | ProMarket.org column | Econofact.org column
Selected media coverage: Financial Times Alphaville | Financial Times Monetary Policy Radar | The Economist | Bloomberg TV | CNBC Video | Politico | AP | Reuters | Frankfurter Allgemeine | Handelsblatt
Podcasts: Macro Musings | Macro Hive | Ones and Tooze | Beyond the Obvious
with Sebastian Doerr and Donggyu Lee - Accepted for publication at the Review of Economic Studies
Paper | Slides | NY Fed Liberty Street Economics Blog | VoxEU column | EFIP Policy Brief | SUERF Policy Brief
with Boragan Aruoba - Forthcoming American Economic Journal: Macroeconomics
Paper | Slides | Fed sentiments, monetary policy shocks, Greenbook forecast errors, FOMC composition (xlsx) | Full replication kit in R/Matlab (dropbox link) | VoxEU column
with Boragan Aruoba - Journal of Monetary Economics, Vol. 148, November 2024.
Published paper | Slides | Comment by Jonathan Wright | PCE subcategory data (zip file) | Matlab code for aggregation of local projection estimates via SUR (zip file) | VoxEU column
with Seho Kim - Journal of Monetary Economics, Vol. 147, October 2024.
with Ben Broadbent, Federico Di Pace, Richard Harrison and Silvana Tenreyro - Review of Economic Studies, Vol. 91 (4), July 2024.
Published paper | Latest working paper | Data on UK tradable & nontradable sectors (xls) | Full replication kit | VoxEU column | Video explainer (Faculti.net) | Financial Times Mention | Repec Blog | UK in a Changing Europe Blog
with Juan Antolin-Diaz and Ivan Petrella - Journal of Econometrics, Vol. 238 (2), January 2024.
The methodology we develop in this paper is used by the New York Fed in their nowcasting model: see this note and this blog post
Published paper | Latest working paper | Superseded earlier version (CEPR working paper) | Virtual presentation of earlier version (Youtube)
American Economic Journal: Macroeconomics, Vol. 15 (2), April 2023, pp. 1-34. Lead Article and AEJ:Macro Best Paper Award.
Published paper | Latest working paper | Online appendix | Replication kit (dropbox link)
With Wouter Den Haan - Journal of Monetary Economics, Vol. 117, January 2021.
Published paper | Longer working paper version | Simple explainer about misspecification in macroeconomics | VoxEU column
With Michael McLeay and Silvana Tenreyro - Jackson Hole Economic Symposium 2019.
Paper | Discussion by Wei Xiong (Princeton) | VoxEU column | Bloomberg coverage
With Silvana Tenreyro - Journal of International Economics, Vol. 112, May 2018.
With Juan Antolin-Diaz and Ivan Petrella - Review of Economics and Statistics, Vol. 99(2), May 2017.
Published paper | Financial Times coverage | The Telegraph coverage | growthecon blog coverage (Dietz Vollrath) | longandvariable blog coverage (Tony Yates) | VoxEU column
With Itamar Drechsler, David Marques Ibanez and Philipp Schnabl - Journal of Finance, Vol. 71(5), October 2016. Lead Article.
With Sebnem Kalemli-Özcan - This is a policy note on supporting small businesses during the Covid-19 pandemic, which we wrote in March 2020
Note | VoxEU column | EFIP Policy Brief | SUERF Policy Brief
This is a mini paper about German politics which I wrote for fun in 2018 as a grad student
Paper draft | Data on German federal and state government coalitions