Office: Public Policy 328
Monetary Economics, Macroeconomics, Fiscal Policy.
Credit Frictions and Optimal Labor-Income Taxation. Macroeconomic Dynamics, forthcoming.
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)
Financing of Firms, Labor Reallocation and the Distributional Role of Monetary Policy. (With Anastasia Zervou)
Taxation, Credit Frictions and the Cyclical Behavior of the Labor Wedge.
(For a complete list of publications, see Curriculum Vitae)