Working Papers
Measuring Monetary Policy Shocks in India
with Rajeswari Sengupta
[SSRN Link] [Monetary Shocks Data]
Market-Based Monetary Policy Uncertainty
with Michael Bauer and Philippe Mueller, Conditionally accepted at Economic Journal
[SSRN Link]
Monetary Policy and Firm Heterogeneity: The Role of Leverage Since the Financial Crisis
with Timothy Moreland
[SSRN Link] [Appendix]
The Effect of Foreign Shocks on the Indian Economy
with Sanjay Singh
In preparation for India Policy Forum 2019
Publications
The International Spillover Effects of US Monetary Policy Uncertainty
with Timothy Moreland and Matthew Schaffer, Forthcoming at Journal of International Economics
[Working Paper Version] [Replication Code] [Online Appendix]
The Growing Impact of US Monetary Policy on Emerging Financial Markets: Evidence from India
Forthcoming at Journal of International Money and Finance
[Working Paper Version] [Replication Code]
Bank Regulation and Monetary Policy Transmission: Evidence from the U.S. States Liberalization
with Raoul Minetti and Matthew Schaffer, Forthcoming at European Economic Review
[Working Paper Version] [Replication Code]
Decomposing the Effects of Monetary Policy using an External Instruments SVAR
Journal of Applied Econometrics, Vol 34, pp 934-950, September/October 2019
[Working Paper Version] [Replication Code]
Federal Reserve Private Information and the Stock Market
with Matthew Schaffer, Journal of Banking and Finance, Vol 106, pp 34-49, September 2019
[Working Paper Version] [Replication Code]
Interbank Markets and Bank Bailout Policies Amid a Sovereign Debt Crisis
with Raoul Minetti and Maria Olivero, Journal of Economic Dynamics and Control, 93, pp 131-153, August 2018
[Working Paper Version]
Federal Reserve Credibility and the Term Structure of Interest Rates
with Shu Wu, European Economic Review, Vol 100, pp 364-389, November 2017
[Working Paper Version]
Changes in Federal Reserve Preferences
Journal of Economic Dynamics and Control, 70, pp.124-143, September 2016
[Working Paper Version]
How Credible is the Federal Reserve? A Structural Estimation of Policy Re-optimizations.
with Davide Debortoli, American Economic Journal: Macroeconomics, 8(3), pp.42-76, July 2016
[Working Paper Version] [Replication Code]
What are the Odds? Options-Based Forecasts of FOMC Target Changes
with Christopher Neely and William Emmons, Federal Reserve Bank of St. Louis Review, November/December 2006, 88(6), pp. 543-61
Work in Progress
Assessing the Role of Systematic Monetary Policy (PDF (Preliminary Version))
Older Work
Modeling Monetary Policy Dynamics: A Comparison of Regime Switching and Time Varying Parameter Approaches
Globalization and the Effects of Foreign Competition: Implications for Inflation and Monetary Policy
The Precision of Central Bank Communication
with Myungkyu Shim
The Distributional Effects of Monetary Policy in a Life Cycle Model
with William Peterman and Tobias Cwik
Discussions:
Discussion of Jarocinski & Karadi: Deconstructing monetary policy surprises: the role of information shocks for Bank of Canada Conference on Central Bank Communications:
Measuring Monetary Policy Shocks in India
with Rajeswari Sengupta
[SSRN Link] [Monetary Shocks Data]
Market-Based Monetary Policy Uncertainty
with Michael Bauer and Philippe Mueller, Conditionally accepted at Economic Journal
[SSRN Link]
Monetary Policy and Firm Heterogeneity: The Role of Leverage Since the Financial Crisis
with Timothy Moreland
[SSRN Link] [Appendix]
The Effect of Foreign Shocks on the Indian Economy
with Sanjay Singh
In preparation for India Policy Forum 2019
Publications
The International Spillover Effects of US Monetary Policy Uncertainty
with Timothy Moreland and Matthew Schaffer, Forthcoming at Journal of International Economics
[Working Paper Version] [Replication Code] [Online Appendix]
The Growing Impact of US Monetary Policy on Emerging Financial Markets: Evidence from India
Forthcoming at Journal of International Money and Finance
[Working Paper Version] [Replication Code]
Bank Regulation and Monetary Policy Transmission: Evidence from the U.S. States Liberalization
with Raoul Minetti and Matthew Schaffer, Forthcoming at European Economic Review
[Working Paper Version] [Replication Code]
Decomposing the Effects of Monetary Policy using an External Instruments SVAR
Journal of Applied Econometrics, Vol 34, pp 934-950, September/October 2019
[Working Paper Version] [Replication Code]
Federal Reserve Private Information and the Stock Market
with Matthew Schaffer, Journal of Banking and Finance, Vol 106, pp 34-49, September 2019
[Working Paper Version] [Replication Code]
Interbank Markets and Bank Bailout Policies Amid a Sovereign Debt Crisis
with Raoul Minetti and Maria Olivero, Journal of Economic Dynamics and Control, 93, pp 131-153, August 2018
[Working Paper Version]
Federal Reserve Credibility and the Term Structure of Interest Rates
with Shu Wu, European Economic Review, Vol 100, pp 364-389, November 2017
[Working Paper Version]
Changes in Federal Reserve Preferences
Journal of Economic Dynamics and Control, 70, pp.124-143, September 2016
[Working Paper Version]
How Credible is the Federal Reserve? A Structural Estimation of Policy Re-optimizations.
with Davide Debortoli, American Economic Journal: Macroeconomics, 8(3), pp.42-76, July 2016
[Working Paper Version] [Replication Code]
What are the Odds? Options-Based Forecasts of FOMC Target Changes
with Christopher Neely and William Emmons, Federal Reserve Bank of St. Louis Review, November/December 2006, 88(6), pp. 543-61
Work in Progress
Assessing the Role of Systematic Monetary Policy (PDF (Preliminary Version))
Older Work
Modeling Monetary Policy Dynamics: A Comparison of Regime Switching and Time Varying Parameter Approaches
Globalization and the Effects of Foreign Competition: Implications for Inflation and Monetary Policy
The Precision of Central Bank Communication
with Myungkyu Shim
The Distributional Effects of Monetary Policy in a Life Cycle Model
with William Peterman and Tobias Cwik
Discussions:
Discussion of Jarocinski & Karadi: Deconstructing monetary policy surprises: the role of information shocks for Bank of Canada Conference on Central Bank Communications:
