Office: Public Policy 328
Monetary Economics, Macroeconomics, Fiscal Policy, Labor-Macro.
Financing of Firms, Labor Reallocation and the Distributional Role of Monetary Policy. Scandinavian Journal of Economics, forthcoming. (With Anastasia Zervou)
Credit Frictions and Optimal Labor-Income Taxation. Macroeconomic Dynamics, 2019, Vol. 23, 2845-2891.
Optimal Monetary Policy and Imperfect Financial Markets: A Case for Negative Nominal Interest Rates? Economic Inquiry, 2016, Vol. 54, pp. 215-228. (With Julio Garin)
Optimal Long-Run Inflation with Occasionally-Binding Financial Constraints. European Economic Review, 2015, Vol. 75, pp. 18-42.
Optimal Monetary Policy with the Cost Channel and Monopolistically-Competitive Banks. Journal of Macroeconomics, 2015, Vol. 45, pp. 284-299.
Revisions to US Labor Market Data and the Public’s Perception of the Economy. Economics Letters, 2014, Vol. 122 (2), pp. 119-124.
Optimal Capital-Income Taxation in a Model with Credit Frictions. B.E. Journal of Macroeconomics (Advances), 2014, Vol. 14 (1), pp. 147-172.
Net Job Creation in the U.S. Economy: Lessons from Monthly Data, 1950-2011. Applied Economics, 2014, Vol. 46 (22), pp. 2623-2638.
Optimal Monetary Policy and Downward Nominal Wage Rigidity in Frictional Labor Markets. Journal of Economic Dynamics and Control, 2013, Vol. 37 (1), pp. 345-364.
On Credit Frictions as Labor-Income Taxation. Economics Letters, 2013, Vol. 118 (2), pp. 287-292.
Working Papers and Work in Progress
The Government Spending Multiplier in a Model with the Cost Channel.
Credit Constraints and the Government Spending Multiplier. (With Ahmed Hashmiwu)
A Fiscal Perspective of Nominal GDP Targeting. (With Ahmed Hashmiwu and Huiying Chen)
Taxation, Credit Frictions and the Cyclical Behavior of the Labor Wedge.
(For a complete list of publications, see Curriculum Vitae)